In our recently published letter to the editor in response to Commissioner Swan's "Scuttlebutt article, we stated:

 "....In truth, the stewardship has depleted the ports reserve fund by 50% in the last six years; in addition the 2017 Budget shows the Reserve Fund at $1.2 million, not $1.6 million" 

Upon further study of the Financial history to present: In a period of about eight years, from 2009 to early 2017, there was an overall decrease in the Fund Reserves (approximately 30% from the high mark), even though there were small increases in overall Port assets for 5 of the 8 years. The 1.2 million referred to is the projected figure in the 2017 Budget. The Financial study is ongoing---with the concern about short-term decisions regarding fund raising, including massive indebtedness for the Port, is indeed a serious concern for all those within the Port of Poulsbo District.