ITEM NO.   7c_Supp ________
DATE OF 
MEETING: August 20, 2013 

2014 Budget Assumptions
Briefing 
August 20, 2013

2014 Projected Operating Revenues 



2

2014 Budget Approach 
Incorporate Commission input from July budget
retreat 
Focus new initiatives on Century Agenda and other
key strategic objectives 
Continue to seek efficiency/process improvements 
Tightly manage overhead expenses 
Evaluate core vs. non-core functions for cost
savings opportunities 

3

Preliminary Payroll Assumptions 
Non-Represented 
Average merit pay increase: 2%-3.0% (depending on
overall budget considerations) 
Market based salary range increases up to 2.0%
(minimal cost impact) 
Medical/dental cost increase*: 1.9% 
' Reflects plan design changes resulting from new
healthcare strategy 
' Employer's PERS contribution: 9.21% vs. 8.16%
average rate in 2013 
*Includes some represented groups on Port sponsored plan 
4

Preliminary Payroll Assumptions 
Represented 
Pay increases based on CPI (0-6%), negotiated increases
and/or STEP increases per individual contracts 
Health & Welfare and pension contributions also
governed by contract 
' Ongoing contract renewals incorporating employee
healthcare cost sharing 


5

2014 Budget Calendar 
September 
Prepare preliminary operating & capital budgets 
Internal budget reviews by each department & division 
Executive preliminary budget reviews (9/16  9/19) 


6

2014 Budget Calendar - Con't 
October 
Commission capital budgets briefing on 10/1 
Commission operating budget briefing on 10/8 
Commission Draft Plan of Finance briefing on 10/22 
Preliminary budget document available to the
Commission on 10/22 
Release 2013 Preliminary Budget to the public on 10/24 

7

2014 Budget Calendar - Con't 
November 
First reading of budget resolution(s) on 11/5 
Second reading of budget resolution(s) on 11/19 
December 
File statutory budget by 12/5 
Release the 2013 Final Budget and Draft Plan of Finance
to the public by 12/13 

8