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_.~ WASHINm'ON STATE D~PARTMENTOF
Natural Resources
Peter Goldmark. Comm!ss(onerof Public lands
Caring for
your natural resources
... now and forever
PREVIEW LEITER
November 4, 2011
The Honorable John Austin, Chair
The Honorable Dave Sullivan
The Honorable Phil Johnson
Jefferson County Commissioners
PO Box 1220
Port Townsend, WA 98368
Subject: "Third Quarter County Income Report of Year 201 I
Dear Commissioner Austin:
Enclosed is the County Income Report for the third quarter of calendar year 20 II. This report
summarizes for each Forest Board county: (1) revenue transmitted by county from calendar year
2002 through the 3rd quarter of calendar year 2011, (2) income projections for calendar year
2011, and (3) volume and net value under contract for harvest after December 2011. The
projections of revenue include all sales sold through December 31, 2011,
I would like to highlight several items in the attached county income report, which is based on
DNR's FYII selling plan:
. Revenue to Jefl"erson County through the 3td quarter of201 I calendar year ~
(/"hIs Is DNR's 1st quarter FYIZ.)
$3.100.000.00
. Revenue projeeted for Jefl"erson County for the full calendar year 20 I I:
o Oct. 13.2011 Commissioner letter $3.100,000.00
o [$0.3 milliOn greater than forecast in last quarterly report (;July 20 I I))
o Adjusted relativoto current region selling plan information $3,100,000.00
o [$0.8 million less than forecast in last quarterly report (July 20 II)]
. Estimated net value under contract for harvest after Dee 20 I I ,
o Oct. 13.2011 COmmissi(>ner letter
o Current contracts (Jan.-Sept. 20 I I) canying over to 2012
. Projected sales for remainder of calendar year (Oct. - Dee. 2011) revenue in 2012
$23,000.00
$840,000.00
$840,000.00
~
OLYMPIC REGION . 41lTlLUCUM LN . FO~KS WA 98331.9271
m(3OO)374-2800 I FAX (360) 374-5446 . TTY(360)902.1125 . TR5711 I WWW.DNR.WA.GOV
EQUAL OPPORTUNfTV EMPLOYER
RECYWO""" e
Subject: Third Qum.ter County Income Rcporl of Year 2011
November 4, 2011
Page 2 of2
One reason for the di1l'erent projected income is a falling trend in market values and sales that
did not receive bids in the first quarter ofFY 12 and arc being reoDered later in the calendar
year. We arc still seeing a trend of fast turnover in sold sales as purchasers arc still not willing to
speculate long (elm.
Based on our adjusted numbers, the projected revenue for this calendar year, as adjusted for the
current selling plan, is $2. ] million greater than what Jefferson County received last year. This
revenue projection is also $1.5 million greater than the] a-year average annual income to
Jcll'erson County.
,:
We currently have one sale in the drawer from a previous fiscal year, Fresh Start. This sale is
located on common school land in western Jeflerson County. This sale will be cycled back into
the action plan as time allows.
The County Income Report is a snapshot in time, whereas the region's selling plan is dynamic;
s<dcs arc added or subtracted over time due to market changes, mle changes. and other issues.
Ir you have any questions, please contact me at 360-374-2806.
Sinccrely,
Susan K. Tretlevik
Rcgion Manager
Olympic Region
Enclosures (3)
cc t'hilip Morley. Administ11l10r