PowerPoint-Tmplt-DNR-darkgreen w/# & footer · Sustainable Harvest Budget Projection. Arrearage Subcommittee. Causes of the Arrearage. 6 Draft Subject to Change -July 2015 SUBCOMMITTEE
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Update for the July BNR meeting
Kyle BlumJuly 7, 2015
Board of Natural Resources Arrearage Subcommittee Report
Draft Subject to Change - July 2015
2 Draft Subject to Change - July 2015
Arrearage Subcommittee Report
Causes of the Arrearage
Purpose Review
Subcommittee Analysis Requests and Questions
Next Steps
3 Draft Subject to Change - July 2015
CAUSES OF THE ARREARAGEBoard of Natural Resources Update
4 Draft Subject to Change - July 2015
Riparian
Marbled Murrelet Long-term Conservation Strategy
Land Transactions
Arrearage SubcommitteeCauses of the Arrearage
5 Draft Subject to Change - July 2015
$0
$20
$40
$60
$80
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Sta
te T
rust
Lan
d
Exp
end
itu
res
($ M
illio
ns)
Fiscal Year
FDA RMCA Sustainable Harvest Budget Projection
Arrearage SubcommitteeCauses of the Arrearage
6 Draft Subject to Change - July 2015
SUBCOMMITTEE REVIEWBoard of Natural Resources Update
7
Steps From RCW 79.10.330
Description Status
Step 1 Determine if there is an arrearage.
Completed
Arrearage of 438 MMBF
Step 2 Conduct an economic and environmental analysis of options providing for the greatest return to the trusts.
In Progress
Step 3 Board determines a course of action.
Post Subcommittee Recommendations
Draft Subject to Change - July 2015
Arrearage Subcommittee
8
SUBCOMMITTEE ANALYSIS REQUESTS AND QUESTIONS
Board of Natural Resources Update
Draft Subject to Change - July 2015
9 Draft Subject to Change - July 2015
Arrearage SubcommitteeAnalysis Requests and Questions Provide additional research on the history of arrearage
and what the board has done at the end of previous planning decades.
Determine the planning horizon the industry uses for log supplies, both short and long-term.
Provide additional research on the best times to sell an arrearage if such sale is determined to be in the best interest of the trusts.
Provide additional analysis on the economic factors of an arrearage.
Provide additional analysis on the impacts to the department and future harvests if the arrearage was sold.
10 Draft Subject to Change - July 2015
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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Boa
rd f
eet
(mill
ions
)
Year
Washington State Harvest Volume (MBF) with Export
State Private Federal and other public Export levels **
Data from Department of Revenue
Arrearage SubcommitteeAnalysis Requests and Questions: Additional Analysis for Economic Factors
11 Draft Subject to Change - July 2015
Data from Department of Revenue
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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Dol
lars
(m
illio
ns)
Year
Sustainable Harvest Value (millions)
Actual with out TLT Projected Actual with TLT
Arrearage SubcommitteeAnalysis Requests and Questions: Additional Analysis for Economic Factors
12 Draft Subject to Change - July 2015
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FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Har
vest
vol
um
e (M
MB
F)
Fiscal Year
W.WA Sold 2007 SHC Planned W.WA
Arrearage SubcommitteeAnalysis Requests and QuestionsTimber Volume Sold
FY14 harvested ~450 MMBF from approximately 17,000 acres
Estimated Total Cost: $24.5 million- Direct Costs: ~$12 million presales and
compliance- Indirect Costs: ~$10 million to site prep,
plant, vegetation management, support staff, etc.
- Agency Admin: ~$2.5 million for rent, legal, IT support
13 Draft Subject to Change - July 2015
Arrearage SubcommitteeNext Steps
Policy Recommendations
Final Report to the Board of Natural Resources
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