COMMISSION
AGENDA MEMORANDUM
BRIEFING ITEM

Item No.
Date of Meeting

DATE:

October 7, 2025

TO:

Stephen P. Metruck, Executive Director

FROM:

Arif Ghouse, Interim Managing Director, Aviation Division
Hiedi Popochock, Director, Aviation Finance & Budget
John Wellons, Aviation Chief Development Officer

11b
October 28, 2025

SUBJECT: 2026 Aviation Division Capital Budget Briefing
EXECUTIVE SUMMARY
The purpose of this briefing is to discuss with the Commission the 2026 long range financial
forecast and capital plan for the Aviation Division. Staff would also like to seek Commission
feedback on the preliminary budget.
This is one of a series of budget briefings to the Commission starting from June. Staff discussed
the operating divisions' budgets on October 14, 2025, and subsequently the Aviation Capital
Improvement Plan, 2026 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
October 14, 2025 - 2026 Aviation Division Operating Budget Briefing
September 23, 2025 - Central Services 2026 Preliminary Budget and Port-wide Rollup Briefing
July 8, 2025 - 2026 Budget Development Briefing
June 16, 2025 - Commission 2026 Budget Planning Retreat

Template revised April 12, 2018.