Ferry Costs

Current Costs
Whatcom County Ordinance 2005-090 states in part: "Beginning January 1, 2006, a 55% Fare Box Recovery Rate shall be applied and evaluated continuously from that time forward. An annual review of Ferry System services, actual and projected Operating Costs, and actual and projected revenue from Ferry User Fees shall occur in order to verify the 55% Fare Box Recovery Rate is being achieved."
Ferry early morn
"In any given year the actual Fare Box Recovery Rate exceeds 55%, the excess revenue shall be retained in the Ferry System Fund and applied only to future Operating Costs."

"In any given year the actual Fare Box Recovery Rate is below 55%, the difference shall be recovered in a future Ferry User Fee increase, unless there is adequate excess Ferry User Fee revenue remaining in the Ferry System Fund collected during prior years."
 
2014 Costs
In 2014, expenditures for the Lummi Island Ferry System totaled $2,454,448 (2.7% decrease from 2013). Motor Vehicle Fuel Tax (Ferry Deficit Reimbursement) of $211,515 partially offset these costs. This resulted in net maintenance and operations expenditures of $2,242,933. Meanwhile, Fare-Box receipts totaled $1,481,783 which is equal to 60.4% of total operating costs and 66.6% of the Adjusted Total Operating Costs, as calculated per Whatcom County Code (WCC 10.34.030). Despite 2014’s higher than target (55%) Fare Box recovery percentage the cumulative 2006-2014 Fare Box recovery rate is only 55.8% which just slightly exceeds the 55% target rate set in the WCC. The Road Fund subsidized the Ferry Operations Fund with $1,104,502 in 2014. The resulting 2014 net operating gain of $357,448, increased the 2013 Ferry Operating Fund balance by 23.5%.

2013 Costs
In 2013 expenditures for the Lummi Island Ferry System totaled $2,521,621. Motor Vehicle Fuel Tax (Ferry Deficit Reimbursement) of $134,374 partially offset these costs. This results in net maintenance and operations expenditures of $2,387,247. Fare-box receipts totaled $1,475,990 which is equal to 58.5% of total operating costs and 61.8% of net operating expenditures. The Road Fund transferred in $1,134,729 to subsidize ferry operations. The net operating gain for 2013 after this transfer was $229,131.

2012 Costs
In 2012 expenditures for the Lummi Island Ferry System totaled $2,488,023. Motor Vehicle Fuel Tax (Ferry Deficit Reimbursement) of $181,433 partially offset these costs. This results in net maintenance and operations expenditures of $2,306,590. Fare-box receipts totaled $1,447,131 which is equal to 58.2% of total operating costs, and 62.7% of net operating expenditures. The Road Fund transferred in $1,119,611 to subsidize ferry operations. The net operating gain for 2012 after this transfer was $266,820.

2011 Costs
In 2011 expenditures for the Lummi Island Ferry System totaled $2,445,720. Motor Vehicle Fuel Tax (Ferry Deficit Reimbursement) of $165,174 partially offset these costs. This results in net maintenance and operations expenditures of $2,267,811. Fare-box receipts totaled $1,545,829 which is equal to 63.2% of total operating costs, and 68.2% of net operating expenditures. The Road Fund transferred in $1,100,574 to subsidize ferry operations. The net operating gain for 2011 after this transfer was $372,892.