Port of Seattle
2012 Budget Process Briefing
June 7, 2011
ITEM NO. _7c_Supp________
DATE OF
MEETING: June 7, 2011
2
2012 Budget Process Overview
• Assess business environment and industry conditions
• Develop key assumptions, drivers and targets
• Issue budget calendar and guidelines
• Update division business plans
• Prepare operating and capital budgets
• Develop funding plans
• Review and approve budgets
• File Statutory Budget
3
2012 Budget Calendar
August
• Commission briefing on Q2 performance on 8/2
• Issue 2012 Budget Guidelines on 8/5
• Commission briefing on budget assumptions on 8/16
• Commission workshops on division business and capital
plans on 8/16
• Formal budget entries on 8/17
4
2012 Budget Calendar Con’t.
September
• Prepare preliminary operating & capital budgets
• Internal budget reviews by each dept & division
• Executive preliminary budget reviews (9/19 – 9/22)
• Commission capital budgets workshops on 9/27
5
2012 Budget Calendar Con’t.
October
• Commission operating budget workshop on 10/4
• Preliminary budget document available to the Commission
on 10/18
• Commission Draft Plan of Finance workshop on 10/25
• Release 2012 Preliminary Budget and Draft Plan of Finance
Document to the public on 10/27
6
2012 Budget Calendar Con’t.
November
• First reading of budget resolution(s) on 11/8
• Second reading of budget resolution(s) on 11/22
December
• File statutory budget on 12/1
• Release 2012 Final Budget and Draft Plan of Finance
Document to the public by 12/14
Port of Seattle
2012 Budget Process Briefing
June 7, 2011
