PORT OF SEATTLE
MEMORANDUM
COMMISSION AGENDA - STAFF BRIEFING

7a

Item No.
Date of Meeting

August 16, 2011

DATE:

August 8, 2011

TO:

Tay Yoshitani, Chief Executive Officer

FROM:

Dan Thomas, Chief Financial and Administrative Officer
Michael Tong, Corporate Budget Manager

SUBJECT:

2012 Key Budget Assumptions and Business and Capital Plans Briefing

BACKGROUND
The Port is preparing the 2012 budget. The budget process includes setting up and testing new
budget modules in the budget system, budget users training, department and division strategic and
business planning, publishing budget guidelines, establish budget targets, inputting budget data into
the system, running budget allocations and budget reports, department and division reviews,
Executive reviews, Commission reviews, public comments, filing the statutory budget with King
County Council and Assessor's Office, and the preparation and releasing of the final budget
document.
On August 16, 2011, staff will (1) discuss with the Commission key assumptions and guidelines to
be used in preparing the 2012 budget, and (2) provide the Commission an overview of the Business
and Capital plans in advance of the formal budget review in October and November.
The Business Plan and Capital Plan presentation will provide background on strategic issues and
financial performance; identify the major challenges facing the Aviation, Seaport and Real Estate
divisions; discuss strategies to address these challenges; and provide a high-level update on the
capital plan. Each operating division will present its plans to the Commission. The presentation
outline is as follows:
1. Aviation Division Business and Capital Plans
2. Seaport Division Business and Capital Plans
3. Real Estate Division Business and Capital Plans
OTHER DOCUMENTS ASSOCIATED WITH THIS BRIEFING:


PowerPoint presentation.