Template revised April 12, 2018.

COMMISSION

AGENDA MEMORANDUM

Item No.

11a

BRIEFING ITEM

Date of Meeting

September 23, 2025

DATE: September 5, 2025

TO: Stephen P. Metruck, Executive Director

FROM: Elizabeth Morrison, Interim Chief Financial Officer

Michael Tong, Director, Corporate Budget

SUBJECT: 2026 Central Services Preliminary Budget and Portwide Rollup Briefing

EXECUTIVE SUMMARY

The purpose of this briefing is to discuss with the Commission the 2026 preliminary operating

and capital budgets for Central Services and to provide a Portwide budget rollup to the

Commission.

Staff would also like to seek the Commission’s feedback on the preliminary Central Services

operating and capital budgets. This is one of a series of budget briefings to the Commission

starting from July. Staff also plans to discuss the three operating division operating and capital

budgets on October 14, 2025 and the Tax Levy and Draft Plan of Finance on October 28, 2025

prior to the formal Commission reviews and approvals of the 2026 budget in November.

ATTACHMENTS TO THIS BRIEFING

(1) Presentation slides

PREVIOUS COMMISSION ACTIONS OR BRIEFINGS

July 8, 2025 – 2026 Budget Development Briefing

June 17, 2025 – Commission Budget Retreat