TemplaterevisedApril12,2018.

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COMMISSION

AGENDAMEMORANDUM ItemNo. 11b

BRIEFINGITEM DateofMeeting October8,2024

DATE: September20,2024

TO: StephenP.Metruck,ExecutiveDirector

FROM: KyraLise,InterimManagingDirector,EconomicDevelopmentDivision

 KellyZupan,Director,SeaportFinance&Budget

SUBJECT: 2025EDDOperatingBudgetBriefing

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EXECUTIVESUMMARY

ThepurposeofthisbriefingistodiscusswiththeCommissionthe 2025 preliminary operating

budget for Economic Development Division. Staff would also like to seek the Commission

feedbackonthepreliminarybudgets.

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Thisis oneof aseriesof budgetbriefingsto theCommissionstartingfromJune.Staffplans to

discussthethreeoperatingdivisions’operatingandcapitalbudgetsonOctober8,2024,andthe

2025TaxLevyandDraftPlanofFinanceonOctober22,2024,priortothe  formalCommission

reviewsandapprovalsofthe2025budgetinNovember.

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ATTACHMENTSTOTHISBRIEFING

(1) Presentationslides

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PREVIOUSCOMMISSIONACTIONSORBRIEFINGS

September24,2024–CentralServices2025Preliminary BudgetandPort‐wideRollupBriefing

July23,2024–2025BudgetDevelopmentBriefing

June26,2024–Commission2025BudgetPlanningRetreat

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