7b supp

ITEM NO.:  7b_Supp____ 
DATE OF 
MEETING: May 14, 2013 
Q1 2013 Performance Report 
Port of Seattle 
Commission Briefing 
May 14, 2013

2013 Revised Operating Budget 
2012    2013     2013 Budget vs. Rvsd Bud
($ in thousands)            Actual    Budget   Rvsd Bud     $ %
Aeronautical Revenues         233,112   249,799    245,623    (4,176)   -1.7%
Other Operating Revenues       288,540   300,780    290,010    (10,770)   -3.7%
Total Operating Revenues       521,652   550,579    535,633    (14,946)   -2.8%
Total Operating Expenses       297,970   328,912    323,943    (4,969)   -1.5%
NOI before Depreciation        223,682   221,668    211,690    (9,978)   -4.7%
Depreciation               167,279   171,510    171,510        0    0.0%
NOI after Depreciation          56,403    50,158    40,180     (9,978)  -24.8%

Commission was briefed on the revised budget/forecast on April 2, 2013. 
Lower revised revenues due to new airline rates and charges, new container lease structure/rates, and $1.2M
pass-through leasehold excise tax. 
Operating expenses are reduced by $4.9M budget reductions and pass-though lease hold tax. 

2

Portwide Operating Summary 
2012 YTD 2013 Year-to-Date YTD Bud Var       Year-End Projections
Revised            Approved Revised        Rvsd
$ in 000's                 Actual   Actual  Budget     $ %   Budget   Budget Forecast Bud Var
Aeronautical Revenues       51,634  50,173  58,037  (7,864) -13.5%  249,799 245,623  245,623     0
Other Operating Revenues     68,003  61,584  64,561  (2,977)  -4.6%  300,780 290,010  285,591  (4,419)
Total Operating Revenues    119,637  111,757 122,598 (10,841)  -8.8%  550,579 535,633  531,214  (4,419)
Total Operating Expenses     65,030  65,444  77,262  11,818   15.3%  328,912 323,943  323,887     56
NOI before Depreciation      54,607  46,313  45,336   (977)  -2.2%  221,667 211,690  207,327  (4,363)
Depreciation             40,414  42,654  43,045    391   0.9%  171,510 171,510  171,510      0
NOI after Depreciation       14,193   3,659   2,291  (1,368)  -59.7%   50,157  40,180   35,817  (4,363)

Excluding Aeronautical Revenues, Other Operating Revenues for Q1 were $2.9M below the revised budget
mainly due to lower revenues from Rental Cars, Concessions, and Grain. 
Operating Expenses for Q1 were $11.8M lower than the revised budget due to vacant positions and delay hiring,
savings of outside contracted services, and timing of spending. 
Total Revenues are forecasting to be $4.4M below the revised budget mainly due to lower Grain revenue and
T18 crane rent. 
Total Expenses are forecasting to be $56K below the revised budget mainly due to savings from Corporate. 

3

Corporate Summary 
2012 YTD 2013 Year-to-Date  YTD Bud Var       Year-End Projections
2012 YTD 2013 Year-to-Date  YTD Bud Var
Revised            Approved   Year-End ProjectionsRevised        Rvsd
Revised            Approved Revised        Rvsd
$ in 000's                           Actual   Actual  Budget     $     %   Budget   Budget Forecast Bud Var
$ in 000's                           Actual   Actual  Budget     $ %   Budget   Budget Forecast Bud Var
Total Revenues     Total Revenues                 98 98    68   68    39  39     29 29 75.8%  75.8%  155 155 155    155   184  184 29   29
Executive Executive                      382 382   442    442      495495   53 53 10.8%  10.8% 1,552 1,552 1,806 1,806 1,806 1,806     -     -
Commission                      194    209   326   118  36.1%   1,483  1,445   1,427    18
Commission                      194    209   326   118  36.1%   1,483  1,445   1,427    18
Legal                             567    698    735    36    5.0%    3,012   3,012   3,012     - 
Legal  Risk Services                    567 637   698    672      775735   103 36 13.3% 5.0% 3,186 3,012 3,166 3,012 3,101 3,012 65   -
Risk Services    Health & Safety Services              637 256    672    259       278775   20103  7.0%  13.3%  1,138 3,186 1,118 3,166 1,112 3,101 5   65
Health & Safety Services           Public Affairs                     256    1,270   1,199    259   1,563  278   364 20 23.3% 7.0%  5,946 1,138 5,946 1,118 5,946 1,112     -      5
Public Affairs    Human Resources & Development        1,270  1,188  1,199     1,173       1,2831,563   110 364  8.6%  23.3%  5,468 5,946 5,425 5,946 5,425 5,946     -      -
Labor Relations                        247    311    293    (19)   -6.3%    1,198   1,153    1,197    (44)
Human Resources & Development         1,188       1,173  1,283   110   8.6%   5,468   5,425   5,425    -
Information & Communications Technology    4,642   4,257   5,104   847   16.6%   20,805  20,505   20,505 - 
Labor Relations     Finance & Budget                  247 376    311    353       391293   37   (19)     9.6%  -6.3%  1,877 1,198 1,777 1,153 1,777 1,197    (44)
Information & Communications Technology                     Accounting & Financial Reporting Services   4,642  1,500  4,257    1,376      1,6255,104   249 847 15.3%  16.6% 7,055  20,805 6,835 20,505 6,80920,505     26   -
Finance & Budget      Internal Audit                   376 278   353    291      324391   33 37 10.2% 9.6% 1,361 1,877 1,361 1,777 1,361 1,777     - 
Accounting & Financial Reporting Services                      Office of Social Responsibility          1,500   359  1,376  215  1,625   464   249 249 53.6%  15.3%  1,702 7,055 1,702 6,835 1,702 6,809     -      26
Police                             5,219   5,069   5,595    526    9.4%   22,574  22,318   22,318 - 
Internal Audit                           278     291    324     33   10.2%    1,361   1,361    1,361     -
Contingency                         3     60   - (60)      0.0%     450    450       450   - 
Office of Social Responsibility               359     215    464    249   53.6%    1,702   1,702    1,702     -
Total Expenses                  17,118  16,583  19,251  2,667  13.9%   78,807  78,019  77,949    70
Police                             5,219        5,069   5,595    526    9.4%   22,574  22,318   22,318 - 
Contingency                              3     60   - (60)      0.0%     450    450       450   - 
Total Expenses                  17,118  16,583  19,251  2,667  13.9%   78,807  78,019  77,949    70

4

CDD Summary 
2012 YTD 2013 Year-to-Date YTD Bud Var       Year-End Projections
Revised           Approved Revised        Rvsd
$ in 000's                                      Actual  Actual   Budget    $ %   Budget   Budget Forecast Bud Var
Total Revenues                              7     5 -       5  0.0%     -  - - - 
Expenses Before Charges To Cap/Govt/Envrs Propects
Capital Development Administration                    89     90     96     6   6.7%    382       378        378    - 
Engineering                                  3,091   3,026   3,599    573  15.9%  14,904   14,853   14,858          (5)
Port Construction Services                          1,218   1,498   1,697    199  11.8%   6,618   6,591    6,591     - 
Central Procurement Office                        1,190   1,177   1,107    (70)  -6.3%   4,532   4,510    4,510     - 
Aviation Project Management                      1,848   1,846   2,161   315  14.6%   8,710   8,679   8,679     - 
Seaport Project Management                        432    573    964   390  40.5%   3,841   3,813   3,777    36 
Total Before Charges to Capital Projects             7,868   8,210   9,625      1,415      14.7%  38,988  38,823   38,792    31 



5

Aviation Division Summary 
2012 YTD   2013 Year-to-Date     YTD Rvsd           Year-end Projections
Revised     Bud Var      Approved Revised         Rvsd
$ in 000's                          Actual      Actual     Budget       $ %        Budget      Budget  Forecast  Bud Var
Aeronatical Revenues                 51,634     50,173         58,037    (7,863)   -13.5%     249,799   245,623   245,623      - 
Non-Aeronautical Revenues             33,520     32,666         35,049    (2,384)   -6.8%     157,826   156,563   156,563      - 
Total Operating Revenues           85,154    82,839    93,086   (10,247)  -11.0%    407,625  402,186  402,186      - 
Operating Expenses:
Salaries & Benefits                    21,715     22,105          23,439     1,334         5.7%      97,842    96,953    96,953     - 
Outside Services                      4,688      5,965     10,840     4,875        45.0%      45,453    44,976    44,976     - 
Utilities                                   3,595       3,495       3,363       (132)    -3.9%        12,425    12,425     12,425      - 
Other Airport Expenses                 3,382      2,442      3,713     1,271        34.2%      15,956   14,534    14,534     - 
Baseline Airport Expenses         33,380    34,007    41,355    7,348   17.8%    171,676  168,888  168,888       - 
Environmental Remediation Liability           -         -  - - n/a       4,615        4,615     4,615 - 
Total Airport Expenses             33,380    34,007    41,355    7,348   17.8%    176,291  173,503  173,503       - 
Corporate                         7,935      7,680     8,982     1,302       14.5%      37,314   36,965    36,965     - 
Police Costs                         3,858      3,751      4,186      435    10.4%      16,891    16,699    16,699     - 
Capital Development/Other Expenses        2,353      2,372     2,799      426-      15.2%n/a      11,206   10,679    10,679 -- 
Total Operating Expenses           47,526         47,809    57,321         9,511   16.6%    241,702  237,846  237,846      - - 
NOI Before Depreciation                         37,628    35,030    35,765     (735)   -2.1%    165,923  164,340  164,340      - 
Depreciation Expense                             29,284     31,433          31,850      418    1.3%     126,977   126,977   126,977      - 
NOI After Depreciation                          8,344     3,597     3,915     (318)   -8.1%     38,946   37,363        37,363     - 
Selected Non-Operating Rev/(Exp):
Capital Grants & Donations                               423          -       1,839     (1,839)  -100.0%      16,230   16,230    16,230     - 
Non-Capital Grants & Donations              0        -        317        (317)  -100.0%       1,269        1,269    1,269 - 
Passenger Facility Charges (PFCs)         16,894     17,708          14,142     3,566        25.2%      64,844   64,844    64,844     - 
Customer Facility Charges (CFCs)          4,722      4,850      5,138     (289)   -5.6%      20,553   20,553    20,553     - 

6

Seaport Division Summary 
2012 YTD  2013 Year-to-Date YTD Rvsd Bud Var        Year-End Projections
Revised               Approved  Revised          Rvsd
$ in 000's                     Actual    Actual    Budget      $ %     Budget    Budget   Forecast  Bud Var
Operating Revenue             26,115   21,331    21,907     (577)    -3%  110,110   100,603    96,328   (4,275)
Security Grants                   816       0       87      (87)  -100%     173      173        0     (173)
Total Revenues              26,931   21,331   21,994    (663)   -3%  110,283   100,777   96,329   (4,448)
Seaport Expenses (excl env srvs)       2,710    3,174     3,482      308     9%    15,385    14,971    14,971       0
Environmental Services              302     332      373      41    11%    2,675     2,675     2,675       0
Maintenance Expenses            1,185    1,562    1,397     (165)   -12%    6,360    6,076    6,076      0
P69 Facilities Expenses              130      115      132       18    13%      526      526      526       0
Other RE Expenses                86      66      89      23    26%     353     353     353      0
CDD Expenses               651    824     894     70    8%   3,530    3,475    3,475     0
Police Expenses                  948     947     1,059     112    11%    4,271     4,223     4,223       0
Corporate Expenses              2,718    2,604    3,077     474    15%   12,773    12,678    12,678      0
Security Grant Expense             821       4       0      (4)    NA       0       0       0      0
Envir Remed Liability                0       0       0       0     NA    1,170     1,170     1,170       0
Total Expenses               9,550    9,628   10,504     877    8%   47,043    46,147    46,147      0
Net Operating Income          17,381   11,703   11,490     213    2%   63,240   54,630   50,182   (4,448)
Forecasted Revenue Variance: 
Grain Revenue: ($2.5 million) volume is currently forecasted to come in 52% below budget. 
T-18 Crane Rent: ($1.8 million) due to no minimum payment required for MHI cranes if full year volume
falls below 250K lifts. Tenant has indicated lifts will be below that level. 

7

Real Estate Division Summary 
2012 YTD  2013 Year-to-Date    YTD Bud Var      Year-End Projections
Revised            Approved Revised        Rvsd
$ in 000's                       Actual     Actual     Budget    $ %    Budget   Budget  Forecast Bud Var
Revenue                   5,407    5,415    5,422     (6)   0%  22,776  22,776  22,776     0
Conf & Event Ctr Revenue          2,043    2,109    2,058     51    2%   9,740   9,740   9,740     0
Total Revenue                 7,450    7,524    7,479     45    1%  32,516  32,516  32,516     0
Real Estate Exp(excl Conf, Maint,P69)     2,445     2,374     2,743     369    13%   11,300   11,300   11,300      0
Conf & Event Ctr Expense           1,646    1,751    1,702     (49)   -3%   7,642   7,642   7,642     0
Eastside Rail Corridor                 24       20       38      18    48%     177     177     177      0
Maintenance Expenses            1,585    1,735    2,147    412   19%   9,630   9,535   9,535     0
P69 Facilities Expenses                48       39       45      6    13%     178     178     178      0
Seaport Expenses                 239     222     235     13    6%   1,268   1,268   1,268     0
CDD Expenses                 241     210     537    326   61%   2,148   2,131   2,131     0
Police Expenses                   328      313      350     37    11%   1,412    1,396    1,396     0
Corporate Expenses               1,082    1,091    1,246    155    12%   5,166   5,117   5,117     0
Envir Remed Liability                  0       0       0      0    NA     80      80      80      0
Total Expense                  7,638    7,756    9,042   1,287   14%  39,002  38,824  38,824     0
Net Operating Income             (188)    (232)   (1,563)  1,332   85%  (6,486)  (6,308)  (6,308)     0


8

Q1 2013 Financial Performance 
Portwide Results 
Commission Briefing 
May 14, 2013 

9

Q1 Financial Highlights 
Total Port Operating Revenues were $111.8 million, $7.9
million, or 6.6%, lower than Q1 2012 
Operating Revenues were $10.8 million, or 8.8%, below
the revised budget 
Port wide Operating Expenses were $65.4 million, $11.8
million, or 15.3%, below the revised budget 
Net Income Before Depreciation was $978K, or 2.2%,
above the revised budget and 15.3% lower than Q1 2012 
Net Income After Depreciation was $1.4 million, or 59.7%,
above the revised budget and 41.6% lower than Q1 2012 
10

Q1 Major Revenue Variances 
2012 YTD  2013 YTD  2013 YTD  Rvsd Bud   Change
Major Revenues ($ in 000's)          Actual     Actual   Rvsd Bud   Variance  from 2012
Aero Revenues                51,634    50,173    58,037    (7,863)   (1,460)
Seaport Security Grants               816    - 87         (87)     (816)
Public Parking                   12,368     12,407     12,299      108          39
Rental Cars                     6,593      5,044      6,832    (1,789)   (1,549)
Concessions                   8,185     8,672     9,509     (837)     487
Utilities                               1,879       1,606       1,745       (139)      (273)
Container                     19,491     15,935     15,754      181       (3,556)
Seaport Industrial Properties           3,881      3,993      4,068       (75)      112
Grain                       1,746      251      874     (622)   (1,494)
Dock                    955    1,071    1,136     (65)    116
Conference & Event Centers          2,043     2,109     2,058      51         66
Other                      8,117     8,462     8,371      91       345
Subtotal                     67,187     61,584     64,474    (2,890)    (5,603)
TOTAL             119,637   111,757   122,598  (10,840)  (7,880)
Excluding Aeronautical Revenues and Seaport Security Grants, Other Operating Revenues were
$2.9M lower than the revised budget and $5.6M lower than Q1 2012. 
11

Q1 Major Expense Variances 
2012 YTD  2013 YTD  2013 YTD Rvsd Bud   Change
Major Expenses (In $ '000)         Actual     Actual   Rvsd Bud  Variance from 2012
Salaries & Benefits              22,784     23,401     24,877    1,477          617
Wages & Benefits             21,322    21,334    22,190     856      12
Payroll to Capital Projects           4,641      4,981      5,541      560      340
Equipment Expense             1,223     1,055     1,647     592     (167)
Supplies & Stock               1,899     1,398     1,629     232     (501)
Outside Services                8,305     9,266     16,905    7,638          961
Utilities                          5,148      4,992      4,934       (58)     (155)
Travel & Other Employee Exps       957      913     1,662     750     (44) 
Promotional Expenses              89      198      420     222     109
Other Expenses                5,431     5,017     5,450     433     (414)
Charges to Capital Projects         (6,768)     (7,111)     (7,995)     (884)     (343)
TOTAL             65,030   65,444   77,262  11,818    414
Operating Expenses were $11.8M lower than the revised budget mainly due to vacant positions
and timing of spending. 
Operating Expenses were $414K higher than Q1 2012 mainly due to higher payroll costs and
outside services expense. 
12

Q1 Operating Income Summary 
2012 YTD 2013 YTD 2013 YTD  Rvsd Bud Var
($ in 000's)                Actual    Actual   Rvsd Bud      $ %
Aeronautical Revenues          51,634    50,173    58,037    (7,864) -13.5%
Other Operating Revenues        68,003    61,584    64,561    (2,977)  -4.6%
Total Operating Revenues       119,637   111,757    122,598   (10,841)  -8.8%
Total Operating Expenses        65,030    65,444     77,262   11,818  15.3%
NOI before Depreciation         54,607    46,313    45,336     977   2.2%
Depreciation                40,414    42,654    43,045     391   0.9%
NOI after Depreciation          14,193     3,659     2,291    1,368  59.7%

Total Operating Revenues were $10.8M below the revised budget. 
Total Operating Expenses were $11.8M lower than the revised budget. 
NOI before Depreciation was $46.3M, $977K higher than the revised budget. 

13

2013 Year-End Forecast 
2012    2013  Approved  Revised   Rvsd Bud Var
($ in 000's)              Actual   Forecast    Budget    Budget      $ %
Aeronautical Revenues       233,112   245,623   249,799   245,623       0   0.0%
Other Operating Revenues     288,540   285,591   300,780   290,010   (4,419)  -1.5%
Total Operating Revenues     521,652   531,214   550,579   535,633   (4,419)  -0.8%
Total Operating Expenses      297,970   323,925   328,912   323,981      56   0.0%
NOI before Depreciation      223,682   207,289   221,667   211,652   (4,363)  -2.0%
Depreciation             167,279   171,510   171,510   171,510       0   0.0%
NOI after Depreciation        56,403    35,779    50,157    40,142    (4,363)  -8.7%
Total Revenues are forecasting to be $4.4M below the revised budget mainly due to lower Grain
revenue and T18 crane rent. 
Total Expenses are forecasting to be $56K below the revised budget mainly due to savings from
Corporate. 

14

Capital Spending by Division 
2013 YTD    2013   2013  Budget Variance
$ in 000's              Actual   Forecast   Budget    $ %
Aviation           26,669   173,275  174,651   1,376    0.8%
Seaport             895    9,362  11,129   1,767   15.9%
Real Estate            644     9,904   12,165   2,261   18.6%
Corporate & CDD     1,915   14,564  14,976    412   2.8%
TOTAL       30,123  207,105 212,921  5,816   2.7%


15

Aviation Division 
Q1 2013 Financial Performance 
Commission Briefing 
May 14, 2013 

16

Aviation Business Highlights 
Business events: 
Airlines Realignment in progress 
Escalator renewal project near completion 
No new airline agreement  continuing to charge 2012 carryover rates 
Airline activity: 
2013 YTD enplanements up 3.6% from 2012 
If non-revenue passengers excluded, Q1 growth is 1.7% 
Non-Airline NOI before debt service and amortization: 
2013 YTD revenues are 6.8% below revised budget 
Operating expenses: 
2013 YTD expenses are 16.8% below revised budget 
Airline costs: 
2013 CPE at revised budget of $13.65 
Capital program: 
2013 forecasted spending at $173.3 million 

17

Activity 

2012    2013     %
Passenger Enplanements  YTD     YTD   Variance
2012    2013     %
International               353,080           386,504            9.5%
Domestic            3,250,728   3,347,312           3.0% Figures in 000's       Actual    Budget   Variance
Total Enplanements       3,603,808   3,733,816     3.6% Total Enplanements      16,597           17,017      2.5%

International enplaned passengers saw greater 2013 YOY growth of 9.5%
than domestic enplanements of 3.0%. 
Q1 2013 total enplanements experienced YOY positive growth of 3.6%,
however, if non-revenue passengers are excluded, Q1 growth would be
1.7%. 

18

Division Summary 
2012 YTD   2013 Year-to-Date     YTD Rvsd           Year-end Projections
Revised     Bud Var      Approved   Revised         Rvsd
$ in 000's                          Actual      Actual     Budget       $ %        Budget    Budget  Forecast  Bud Var
Aeronatical Revenues                 51,634     50,173         58,037    (7,863)   -13.5%     249,799   245,623   245,623      - 
Non-Aeronautical Revenues             33,520     32,666         35,049    (2,384)   -6.8%     157,826   156,563   156,563      - 
Total Operating Revenues           85,154    82,839    93,086   (10,247)  -11.0%    407,625  402,186  402,186      - 
Operating Expenses:
Salaries & Benefits                    21,715     22,105          23,439     1,334         5.7%      97,842    96,953    96,953     - 
Outside Services                      4,688      5,965     10,840     4,875        45.0%      45,453    44,976    44,976     - 
Utilities                                   3,595       3,495       3,363       (132)    -3.9%        12,425    12,425     12,425      - 
Other Airport Expenses                 3,382      2,442      3,713     1,271        34.2%      15,956   14,534    14,534     - 
Baseline Airport Expenses         33,380    34,007    41,355    7,348   17.8%    171,676  168,888  168,888       - 
Environmental Remediation Liability           -         -  - - n/a       4,615        4,615     4,615 - 
Total Airport Expenses             33,380    34,007    41,355    7,348   17.8%    176,291  173,503  173,503       - 
Corporate                         7,935      7,680     8,982     1,302       14.5%      37,314   36,965    36,965     - 
Police Costs                         3,858      3,751      4,186      435    10.4%      16,891    16,699    16,699     - 
Capital Development/Other Expenses        2,353      2,372     2,799      426-      15.2%n/a      11,206   10,679    10,679 -- 
Total Operating Expenses           47,526         47,809    57,321         9,511   16.6%    241,702  237,846  237,846      - - 
NOI Before Depreciation           37,628    35,030    35,765     (735)   -2.1%    165,923  164,340  164,340      - 
Depreciation Expense                 29,284     31,433         31,850      418    1.3%     126,977   126,977   126,977      - 
NOI After Depreciation             8,344     3,597     3,915     (318)   -8.1%     38,946   37,363        37,363     - 
Selected Non-Operating Rev/(Exp): 
Capital Grants & Donations                                 423          -       1,839     (1,839)  -100.0%      16,230   16,230    16,230     - 
Non-Capital Grants & Donations              0        -        317        (317)  -100.0%       1,269        1,269    1,269 - 
Passenger Facility Charges (PFCs)         16,894     17,708          14,142     3,566        25.2%      64,844   64,844    64,844     - 
Customer Facility Charges (CFCs)          4,722      4,850      5,138     (289)   -5.6%      20,553   20,553    20,553     - 

19

YTD Operating Expenses 
2013 YTD operating expenses are lower than revised budget by $9.5 
million due to the net of the following: 
Positive Variance of $9.6 million:               Negative Variance of $100K:
Delays in airline realignment expenses $3.0M          RCF water utility usuage higher than anticipated $132K
Delays in expenditure of contracted services $1.7M:
- KONE escalator/elevator svs $244k
- Sustainability aviation master plan $207k
- Concession master plan $133k
- Landscaping maintenance $136k
- Tenant marketing $75k
Vacancies and payroll savings $978K
Corporate/CDD/Police allocated expenses $2.2M
Employee training and development expenses $344K
Delay in airline trade and promotional events $207K
Litigated claims reserve adjustment $189K
Delay in Fire Department furniture purchase $165K
Other Aviation Division savings $800K



20

Aeronautical Business 
2012     2013     2013     2013     Rvsd Bud Var    Change from 2012
Revised  Approved
$ in 000's                    Actual     Forecast    Budget     Budget       $ %         $ %
Net Passenger Airline Costs        219,598     232,197    232,197     236,373      - 0.0%    12,600          5.7%
Enplanements                16,597     17,017    17,017     17,017      - 0.0%      419     2.5%
Passenger Airline CPE         13.23     13.65     13.65     13.89     -      0.0%     0.41    3.1%

Net passenger airline costs increases are due to airlines realignment and capital costs increases. 
2013 approved budget assumed continuation of SLOA II. Revised budget assumes airline rates and charges
based on a resolution. 







21

Non-Aeronautical Business 
2012      2013     2013     2013     Rvsd Bud Var     Change from 2012
Revised   Approved
$ in 000's                          Actual       Forecast     Budget     Budget      $ %         $ %
Non-Aero Revenues
Rental Cars                         28,288          26,737      26,737      26,737      -       0.0%    (1,551)          -5.5%
CFC Operating Revenues (RCF)           9,745         11,013     11,013     11,013      -       0.0%    1,268     13.0%
RCF Reimbursable Revenue               38         222         222         1,486      -      0.0%     184    484.5%
RCF Subtotal                38,072         37,972    37,972     39,236     - 0.0%    (100)    -0.3%
Public Parking                        49,781           50,948      50,948      50,948       -       0.0%     1,167      2.3%
Ground Transportation                   7,900          7,267      7,267       7,267      -       0.0%     (633)     -8.0%
Concessions                       37,998          41,263     41,263     41,263      -       0.0%    3,265      8.6%
Other                          19,273          19,113     19,113     19,113      -       0.0%     (160)     -0.8%
Total Non-Aero Revenues           153,022         156,563         156,563         157,826     - 0.0%   3,541         2.3%
RCF Operating Expense                6,196      7,858      7,858      9,121      -       0.0%    1,662     26.8%
Operating Expense                   64,855      67,985     67,985      68,911      -       0.0%    3,130      4.8%
Share of terminal O&M                18,366     21,436     21,436     18,615      -       0.0%    3,070     16.7%
Less utility internal billing                   (19,883)      (17,095)      (17,095)      (17,095)       -         0.0%      2,788      -14.0%
Net Operating & Maint             69,533     80,184    80,184     79,552     - 0.0%   10,651         15.3%
Net Operating Income              83,489     76,379    76,379     78,274     - 0.0%   (7,110)    -8.5%
Adjusted Net Operating Income:
Non-Aeronautical NOI                83,489     76,379     76,379     78,274      -       0.0%    (7,110)         -8.5%
Less: CFC Surplus                   (3,702)     (4,619)     (4,619)     (3,464)      -       0.0%     (917)     24.8%
Adjusted Non-Aero NOI            79,787    71,760    71,760    74,810     - 0.0%   (8,027)   -10.1%
2012      2013     2013     2013     Rvsd Bud Var     Change from 2012
Revised   Approved
Actual     Forecast    Budget    Budget     $ %       $ %
Revenues Per Enplanement
Parking                            3.00       2.99       2.99       2.99      -       0.0%     (0.01)     -0.2%
Rental Cars (excludes CFCs)               1.70       1.57       1.57       1.57      -       0.0%     (0.13)     -7.6%
Ground Transportation                   0.48       0.43       0.43       0.43      -       0.0%     (0.05)    -11.0%
Concessions                        2.29       2.42       2.42       2.42      -       0.0%     0.13      5.9%
Other                           1.75       1.78       1.78       1.86      -       0.0%     0.03      1.9%
Total Revenues                  9.22      9.20      9.20      9.27     - 0.0%    (0.02)    -0.2%
Primary Concessions Sales / Enpl        10.91      11.25      11.25      11.25      - 0.0%     0.34         3.1%

22

Net Cash Flow: NOI After Debt Service & Interest Income 
2012     2013     2013     2013      Rvsd Bud Var     Change from 2012
Revised   Approved
$ in 000's                                Actual     Forecast     Budget     Budget        $ %        $ %
Aeronautical
Operations:
Total Revenues               233,000         245,623        245,623          249,799           -    0.0%     12,622   5.4%
Baseline Operating Costs                137,189     138,165          138,165           142,652            - 0.0%        976      0.7%
Airlines Realignment                     5,802          16,069          16,069           16,069            - 0.0%       10,267        177.0%
Regulated Materials                     4,040           3,428          3,428           3,428           - 0.0%        (612)      -15.1%
Total Operating Costs            147,031          157,662         157,662          162,150            -     0.0%     10,631   7.2%
Net Operating Income               85,969         87,960        87,960          87,649          -    0.0%     1,991   2.3%
Debt Service:
Gross Debt Service                   124,200     127,278          127,278           127,685            - 0.0%       3,077   2.5%
Passenger Facility Charge (PFC)           (33,717)           (33,800)          (33,800)           (33,800)            - 0.0%        (83)   0.2%
Terminal Non-aero Allocation             (12,562)           (15,409)          (15,409)           (13,763)            - 0.0%       (2,847)   22.7%
Net Debt Service                   77,922          78,069         78,069          80,122           - 0.0%       148      0.2%
Aero NOI after Debt Service               8,048          9,891         9,891          7,527          -     0.0%      1,844   22.9%
Non-Aeronautical
Operations:
Revenues                      153,022     156,563        156,563     157,826      - 0.0%      3,541   2.3%
Operating Expenses                   69,533      80,184     80,184           79,552      - 0.0%      10,651       15.3%
Net Operating Income               83,489         76,379    76,379     78,274      -    0.0%     (7,110)       -8.5%
Debt Service:
Gross Debt Service                    50,652      53,288     53,288           50,282       - 0.0%       2,636   5.2%
Customer Facility Charge (CFC)           (20,048)           (19,873)    (19,873)     (19,873)            - 0.0%        175      -0.9%
Terminal Non-aero Allocation              12,562      15,409     15,409           13,763       - 0.0%       2,847   22.7%
Net Debt Service                   43,166          48,824    48,824     44,173      -     0.0%      5,658   13.1%
Non-Aero NOI after Debt Service           40,323          27,555         27,555          34,101           -    0.0%    (12,768)        -31.7%
Total Aviation
Net Operating Income                  169,458     164,340         164,340     165,923      - 0.0%      (5,119)   -3.0%
Net Debt Service                      121,088     126,894         126,894     124,295       - 0.0%       5,806   4.8%
NOI After Debt Service                 48,371          37,446    37,446     41,628      -    0.0%    (10,925)        -22.6%
Add ADF Interest Income                  3,215          4,526     4,526       4,526          - 0.0%       1,311   40.8%
Add Non-Operating TSA Grant               919      1,269     1,269      1,269          - 0.0%        350     38.1%
Net Cash Flow after D/S & Interest          52,505          43,241    43,241     47,423      -     0.0%     (9,264)       -17.6%

23

Capital Variance 


Airfield pavement replacement variance reflects an increase in scope due to the extent of
deteriorating panels. 
Doug Fox site improvements project was delayed due to a signage issue with the City of
SeaTac, an asphalt re-surfacing issue with the tenant, and a maintenance provision in the
lease agreement. Most construction work will now begin in 2014. 
Convert Ticket Zone 2 Pushback costs have been reallocated between expense and capital 


24

2013 Capital Authorization Requests 





25

Seaport Division 
Q1 2013 Performance Report 
Commission Briefing 
May 14, 2013

Seaport Business Goals 
TEU volume was 384K, down 19% from Q1 YTD 2012.
Full inbound TEU's were down 19% and full outbound
were down 16%. 
Grain volume was at 258K metric tons, down 84% from
2012 YTD and 68% under 2013 YTD budget. 
Cruise season will commence on May 1st. 
Radio frequency identification (RFID) program
implemented for trucks calling Port container terminals. 
Seaport Division staff completed CPI Training. 

27

Seaport Organizational Goals
Environmental Stewardship 
25% of frequent ship calls are meeting Northwest Ports
Clean Airs Standards target. 
Joined Green Marine, a marine industry environmental
excellence program, becoming the first U.S. Port outside
of the Great Lakes to do so. 
Contract awarded for early action Superfund project
clean-up at Terminal 117. 
Received 10 year programmatic permit for harbor wide
dock piling maintenance and repair. 
Regional Transportation  Closely engaged in freight
mobility management for south harbor road construction
projects and detour routes. 

28

Seaport Q1 YTD Operating Results 
2012 YTD  2013 YTD 2013 YTD  2013 Revised Bud Var
Revised
$ in 000's                    Actual      Actual     Budget       $ %
Operating Revenue            26,115     21,331     21,907      (577)      -3%
Security Grants                  816        0        87       (87)     -100%
Total Revenues             26,931    21,331    21,994      (663)      -3%
Seaport Expenses (excl env srvs)      2,710      3,174      3,482       308        9%
Environmental Services             302       332       373        41       11%
Maintenance Expenses           1,185     1,562     1,397      (165)     -12%
P69 Facilities Expenses             130       115       132        18       13%
Other RE Expenses               86       66       89       23      26%
CDD Expenses               651      824      894      70      8%
Police Expenses                 948       947      1,059       112       11%
Corporate Expenses             2,718     2,604     3,077      474      15%
Security Grant Expense            821        4        0        (4)       NA
Envir Remed Liability               0         0         0         0       NA
Total Expenses              9,550     9,628    10,504      877       8%
Net Operating Income         17,381    11,703    11,490      213       2%

29

Seaport Division Key Variances 
Revenue Detail ($'s in Thousands) 
Q1 YTD Business Unit        Variance to Budget 
Better (Worse) 
Containers                             $181 
Grain                                 ($622) 
Industrial Properties                          ($75) 
Cruise                                  $4 
Docks                             ($65) 
Security Grants                          ($87) 
Total                                  ($663) 

30

Seaport Division Key Variances 
Expense Detail ($'s in Thousands) 
Q1 YTD Expenses           Variance to Budget 
Better (Worse) 
Seaport Expenses                       $349 
Corporate                             $586 
CDD                          $70 
Maintenance                          ($165) 
All Other                                   $37 
Total Expense                         $877 


31

Seaport Business Groups 
NOI Before Depreciation ($'s in Millions) 
Q1 YTD     Variance to Budget 
Actual NOI      Better (Worse) 
Containers                 $11.2           $0.8 
Grain                      $0.0           ($0.5) 
Sea Industrial Properties         $2.2            $0.1 
Cruise                    ($1.3)            $0.1 
Docks                   ($.2)          ($0.1) 
Security                     ($.2)            ($0.1) 
Total Seaport              $11.7           $0.2 

32

Seaport Full Year Operating Forecast 
2012    2013   Approved  Revised  2013 Revised Bud Var
$ in 000's                     Actual   Forecast   Budget    Budget      $ %
Operating Revenue             101,715   96,328   110,110   100,603    (4,275)      -4%
Security Grants                 2,226       0      173      173     (173)    -100%
Total Revenues             103,941   96,328   110,283   100,777    (4,448)     -4%
Seaport Expenses (excl env srvs)      13,684    14,971    15,385    14,971        0       0%
Environmental Services             2,207    2,675     2,675     2,675        0       0%
Maintenance Expenses            6,040    6,076    6,360    6,076       0      0%
P69 Facilities Expenses              532      526      526      526        0       0%
Other RE Expenses               233     353     353     353       0      0%
CDD Expenses               4,244   3,475    3,530    3,475      0      0%
Police Expenses                 3,969    4,223     4,271     4,223       0       0%
Corporate Expenses             11,538   12,678    12,773    12,678       0       0%
Security Grant Expense            2,227       0       0       0       0       NA
Envir Remed Liability                26    1,170     1,170     1,170        0       0%
Total Expenses               44,700   46,147    47,043    46,147       0      0%
Net Operating Income          59,241   50,181   63,240   54,630    (4,448)     -8%
Forecasted Revenue Variance: 
Grain Revenue: ($2.5 million) volume is currently forecasted to come in 52% below budget. 
T-18 Crane Rent: ($1.8 million) due to no minimum payment required for MHI cranes if full year volume falls
below 250K lifts. Tenant has indicated lifts will be below that level. 
33

Seaport Capital 2013 
$ in 000's    2013 YTD   2013      2013    Budget Variance
Actual  Forecast  Budget    $ %
Seaport     $895    $9,362   $11,129   $1,767   16%



34

Real Estate Division 
Q1 2013 Performance Report 
Commission Briefing 
May 14, 2013

Real Estate 1st Quarter Key Events 
Full Year Net Operating Income forecasted to meet
budget. 
The 85th Annual Blessing of the Fleet was held at
Fishermen's Terminal in March. 
Real Estate Development & Planning: 
Issued a request for proposals for the Des Moines
Creek Business Park site 
Reached settlement agreement with King County
related to the condemnation action to acquire an
interest in the Terminal 91 West Yard site for its CSO
project 
36

Real Estate 1st Quarter Key Events 
Eastside Rail Corridor 
Completed the sale of all non-freight area on the rail
corridor to King County 
Bankruptcy court approved the sale of GNP Rly Inc.
(freight operator) assets to Eastside Community Rail
LLC. 



37

Real Estate Business Goals 
Provide Compelling Value and Asset Utilization 
Occupancy Rates: Commercial property at 91%
occupancy, slightly below target of 92% but above 2013
Q1 Seattle market average of 88%.
Moorage Occupancy Rates: Fishermen's Terminal and
Maritime Industrial Center at 79% YTD average
occupancy, below target of 81%. Recreational Marinas
at 94%, above target of 91%. 

38

Real Estate Division Qtr 1 Operating Results 
2012 YTD  2013 YTD 2013 YTD 2013 Rvsd Bud Var
Revised
$ in 000's                        Actual     Actual     Budget      $ %
Revenue                   5,407    5,415    5,422     (6)     0%
Conf & Event Ctr Revenue           2,043     2,109     2,058     51      2%
Total Revenue                  7,450     7,524     7,479     45     1%
Real Estate Exp(excl Conf, Maint,P69)      2,445      2,374      2,743     369      13%
Conf & Event Ctr Expense            1,646     1,751     1,702     (49)     -3%
Eastside Rail Corridor                  24        20        38      18      48%
Maintenance Expenses             1,585     1,735     2,147    412     19%
P69 Facilities Expenses                 48        39        45      6      13%
Seaport Expenses                 239      222      235     13      6%
CDD Expenses                 241     210     537    326     61%
Police Expenses                   328      313      350     37     11%
Corporate Expenses               1,082     1,091     1,246    155     12%
Envir Remed Liability                  0        0        0      0      NA
Total Expense                   7,638     7,756     9,042   1,287     14%
Net Operating Income             (188)     (232)    (1,563)  1,332     85%
39

Real Estate Division Q1 Key Variances 
Revenue Detail ($'s in Thousands) 
2013 Year to Date                Variance to Budget 
Business Unit                   Better (Worse) 
Recreational Boating                          $53 
Fishing & Commercial                        ($54) 
Commercial Properties                       ($70) 
Conference & Event Centers                    $51 
Eastside Rail                                 $2 
RE Development & Planning                   $28 
Maintenance                            $35 
Total                                      $45 

40

Real Estate Division Q1 Key Variances 
Expense Detail ($'s in Thousands) 
2013 Year to Date                  Variance to Budget 
Expense                       Better (Worse) 
Maintenance                               $412 
RE Expense (excl Conference & Event, Maint, P69)                      $369 
CDD                             $326 
Corporate                                   $192 
Conference & Event Centers                      ($49) 
All Other                                         $38 
Total Expense                             $1,287 

41

Real Estate Business Groups 
NOI Before Depreciation ($'s in Thousands) 
Q1 YTD     Variance to Budget 
Actual NOI       Better (Worse) 
Recreational Boating             $418             $317 
Fishing & Commercial           ($536)           $365 
Commercial Properties           ($252)           $489 
Conference & Event Centers       $267            $18 
Eastside Rail                   ($64)             $26 
RE Development & Planning        ($65)           $117 
Total Real Estate              ($232)           $1,332 

42

Real Estate Division Full Year Forecast 
2012    2013   Approved  Revised  2013 Rvsd Bud Var
$ in 000's                        Actual    Forecast   Budget    Budget     $ %
Revenue                   22,445   22,776    22,776   22,776    0     0%
Conf & Event Ctr Revenue           8,863    9,740     9,740    9,740     0      0%
Total Revenue                 31,308   32,516    32,516   32,516     0      0%
Real Estate Exp (excl Conf, Maint,P69)     10,564    11,300     11,300    11,300      0       0%
Conf & Event Ctr Expense            6,816    7,642     7,642    7,642     0      0%
Eastside Rail Corridor                 293      177       177     177      0       0%
Maintenance Expenses             9,110    9,535     9,630    9,535     0      0%
P69 Facilities Expenses                198      178       178     178      0       0%
Seaport Expenses                 1,244    1,268     1,268    1,268     0      0%
CDD Expenses                 1,084    2,131    2,148   2,131    0      0%
Police Expenses                   1,374    1,396     1,412    1,396     0       0%
Corporate Expenses               4,836    5,117     5,166    5,117     0      0%
Envir Remed Liability                  6      80       80      80     0       0%
Total Expense                  35,525   38,824    39,002   38,824     0      0%
Net Operating Income            (4,217)   (6,308)   (6,486)  (6,308)    0      0%

43

Real Estate Capital 2013 
$ in 000's    2013 YTD   2013      2013     Budget Variance
Actual  Forecast  Budget    $ %
Real Estate   644     9,904    12,165   2,261    19%



44

Capital Development Division 
Q1 2013 Performance Report 
Commission Briefing 
May 14, 2013

Capital Development Division 
Q1 2013 Business Events 
Began construction of utility relocation for Sound Transit South Link extension. 
Significantly narrowed list of items requiring resolution for new parking garage revenue control
system. 
Reached agreement with TSA on funding and consultant on scope and budget for 30% design
of optimization and recapitalization of baggage system screening devices. 
Turned over Electrical Ground Support Equipment (eGSE) demonstration project for use by
Alaska. 
Labor & Industries approved use of sleep mode for new escalators (44 escalator project), first
such approval in State. 
Added list of future procurements to external website. 
Participated with reauthorization committee for RCW 39.10 legislation. 
Hosted Gonzaga University Entrepreneurial Leadership Program undergraduate students
interested in engineering and communication careers. 
Participated in photography documentation classes by Damage Assessment Team members
and others. 

46

Capital Development Division 
Q1 2013 Business Events 
Achieved beneficial Occupancy and Substantial Completion status in March 2013 for Baggage
Claim Device 14 project. 
Completed Airline Realignment Tenant Improvement: relocation of American, Jet Blue and
Frontier from Ticketing Zone 2 to Zone 5. 
Completed the shell in March 2013 to allow upcoming tenant construction of a new duty free
retail space for South Satellite West End Project. 
Key PCS projects for the first quarter are 911 call center, Central Terminal Expansion (CTE)
elevator access upgrade, B exit security breach control, airline relocation signage, stage 2
mechanical energy conversation, noise remedy upgrades, Gate A6 ramp installation, Terminal
91 lift station, Terminal 115 pavement repair, and 1st floor south exit lane. 
Resident Engineer issued Substantial Completion Certification to the contractor for the
Terminal 5 Phase 1 Dredging project. 
Radio Frequency Identification Device (RFID) - Terminals are seeing increased compliance as
the April 1, 2013 deadline approaches. 
Terminal 115 Waterline break and Pavement repairs - An emergency declaration executed on
January 25, 2013. The project was completed and made available to the tenant for use on
scheduled date of March 22, 2013.
47

Project Hard/Soft Costs 




48

Capital Development Division 
Key Indicators 



Cost Growth During Construction 

49

Capital Development Division 
Key Indicators continued 


Design Schedule Growth 
Initial Commission      Planned     Actual Construction
Project            Authorized Start     Construction     Contract Award
of Design       Contract Award      (Execution)
(Execution)
1st Quarter 2013
S Satellite Common Use Exp          6-Dec-11         23-Mar-12        26-May-12
T-18 Fender Damages Repl.           6-Apr-10         1-Feb-11         2-Nov-10
TWIC Round 7 Power & Comm
19-May-09        12-Apr-11        29-Nov-11
Infrast.
P 66 Bell St Brdg Prep & Paint          10-Apr-12          1-Aug-12         17-Sep-12
NER Ph 1 Final Paving (C#7)           11-Apr-06         21-Apr-10        17-May-10
Fire Station Reroof - Ph1              26-Jul-11          20-Jun-12         7-May-12
T5 Maint Dregding 2012              14-Aug-12         29-Oct-12         6-Nov-12
Pond M Mod/SDS Mod #3           28-Jul-09        15-May-10       5-May-11

50

Capital Development Division 
Key Indicators continued 


Construction Schedule Growth 
Planned     Actual Construction    Planned    Actual Substantial  Construction
Project             Construction     Contract Award     Substantial     Completion of     Schedule
Contract Award     (Execution)     Completion of    Construction      Growth
(Execution)                    Construction
1st Quarter 2013
S Satellite Common Use Exp           23-Mar-12         26-May-12        22-Sep-12        21-Sep-12        -0.8%
T-18 Fender Damages Repl.           1-Feb-11         2-Nov-10         30-Apr-12        16-Mar-12        -8.3%
TWIC Round 7 Power & Comm Infrast.
12-Apr-11         29-Nov-11         7-May-12        21-May-12         8.7%
P 66 Bell St Brdg Prep & Paint            1-Aug-12          17-Sep-12          9-Nov-12         31-Dec-12         98.1%
NER Ph 1 Final Paving (C#7)            21-Apr-10         17-May-10         12-Jan-11        18-Nov-11        129.2%
Fire Station Reroof - Ph1                20-Jun-12          7-May-12          31-Oct-12         31-Oct-12          0.0%
T5 Maint Dregding 2012               29-Oct-12         6-Nov-12         1-Mar-13         8-Feb-13        -18.3%
Pond M Mod/SDS Mod #3            15-May-10        5-May-11        22-Sep-11       16-Dec-11       60.7%

51

CPO Procurement Time 
Procurement Schedule 
Total Time Receipt of Scope to Execution (Avg # Days) 
2012       2013 
Goods & Services          183 days     105 days 
Major Public Works         60 days      71 days 
Small Works             47 days      42 days 
Service Agreements        202 days     175 days 

52

CDD Gross Operating Results 
2013
2012 YTD 
Year-to-
Date             YTD Bud Var        Year-End Projections 
Revised              Approved  Revised         Rvsd 
$ in 000's                                 Notes    Actual   Actual     Budget     $ %    Budget   Budget  Forecast Bud Var 
Total Revenues                               7      5 -      5     0.0%     - - - - 
Expenses Before Charges To Cap/Govt/Envrs Propects 
Capital Development Administration                    89      90      96      6     6.7%    382     378    378 -
Engineering                                   3,091    3,026    3,599    573    15.9%  14,904   14,853   14,858     (5) 
Port Construction Services                           1,218    1,498     1,697    199     11.8%   6,618    6,591   6,591 -
Central Procurement Office                         1,190    1,177     1,107    (70)     -6.3%   4,532    4,510   4,510 -
Aviation Project Management                      1,848    1,846    2,161    315    14.6%   8,710   8,679   8,679 -
Seaport Project Management                        432    573      964    390    40.5%   3,841   3,813   3,777     36 
Total Before Charges to Capital Projects              7,868   8,210    9,625   1,415     14.7%  38,988  38,823   38,793     31 



53

CDD Key Variances to Net Budget 
Variance to
Q1 2013 Expenses     Budget       Budget      YTD Var. F/(UNF) 
$ in 000's           YTD       Better (Worse)          % 
Salaries and Benefits            7,530          535        7.1 
Outside Services              1,523         1134       74.5 
Travel and Other                168          111        66.0 
Telecommunications             31          16       51.8 
Property Rentals                 17           17       100.0 
General Expenses              20        (102)      (500.5) 
All Other                        335          (296)        (88.4) 
Charges to Capital
Projects                    (5,813)         (637)        11.0 
Total                      3,812          778       (20.4) 

54

Corporate 
Q1 2013 Performance Report 
Commission Briefing 
May 14, 2013

Corporate Key Events 
Launched of live music events at Sea-Tac Airport. 
Launched the 2013 Wellness Reward program with Cigna and work is
underway for developing health care cost containment strategy. 
Finalized a flow process for incident intake for reporting to the State
Auditor's Office for lost/stolen Port's assets.
Completed the audit for ICT Performance and Risk Assessment. 
Issued Limited Tax General Obligation Refunding Bonds in the
amount of $102,795,000. 
Launched internal outreach for new Email Communications Strategy
and Communications Toolbox. 

56

Corporate Key Metrics 
Airport Jobs helped placed people into 101 jobs with airport employers 
31 Apprenticeship Opportunity Project Placements 
Conducted 14 small business outreach 
74 small businesses were approved on the new Procurement Roster
Management System (PRMS) 
Responded to 245 public disclosure requests 
Provided orientation to 23 new employees 
Provided 37 employee development classes 
19 employees participated in the Tuition Reimbursement Program 
Negotiated 6 labor contracts 

57

Q1 Corporate Operating Results 
2012 YTD    2013 YTD   Rvsd Bud Var   Change from 2012
$ in 000's                              Actual     Actual Rvsd Bud     $ %      $ %
Total Revenues                       98        68     39    29   75.8%    (30)   -30.6%
Executive                             382     442        495     53   10.8%    60    15.6%
Commission                        194     209       326   118     36.1%    14    7.4%
Legal                                567     698        735     36    5.0%    131    23.2%
Risk Services                            637     672        775    103      13.3%     35     5.5%
Health & Safety Services                     256     259        278     20    7.0%     2     1.0%
Public Affairs                            1,270    1,199    1,563    364       23.3%    (70)    -5.5%
Human Resources & Development            1,188    1,173    1,283    110      8.6%    (15)    -1.3%
Labor Relations                           247     311        293    (19)   -6.3%     64    26.1%
Information & Communications Technology       4,642    4,257    5,104    847      16.6%   (385)    -8.3%
Finance & Budget                       376     353        391     37    9.6%    (22)    -5.9%
Accounting & Financial Reporting Services        1,500    1,376    1,625    249      15.3%   (124)    -8.3%
Internal Audit                              278      291         324     33    10.2%     13      4.6%
Office of Social Responsibility                  359      215         464    249       53.6%    (144)    -40.1%
Police                                5,219    5,069    5,595    526       9.4%   (150)    -2.9%
Contingency                            3      60   - (60)       0.0%    57   2001.8%
Total Expenses                     17,118   16,583   19,251   2,667   13.9%   (535)   -3.1%
All Corporate departments were under budget, except Labor Relations due to HR10 for one employee. 

58

Q1 Corporate Expense by Category 
2012 YTD    2013 YTD    Rvsd Bud Var   Change from 2012
Operating Expenses ($ in '000)        Actual     Actual  Rvsd Bud     $ %      $ %
Salaries & Benefits                 8,744     8,698     9,398     700    7.4%    (45)   -0.5%
Wages & Benefits                4,566    4,646    4,942     296    6.0%    80    1.8%
Payroll to Capital Projects              535      797      627     (170)   -27.1%    262       49.0%
Equipment Expense                170     141     456    315   69.0%    (28)  -16.6%
Supplies & Stock                  108      68        146     78   53.3%    (40)  -36.7%
Outside Services                  2,016     1,675     2,668     992   37.2%   (340)  -16.9%
Travel & Other Employee Exps         495      499      683     184   26.9%     5    0.9%
Insurance Expense                  510      534      575      41    7.1%     24    4.7%
Litigated Injuries & Damages            152       (8)   - 8       n/a    (161)     n/a
Other                         358      328      382     54   14.1%    (29)   -8.2%
Charge to Capital                   (535)     (797)         (627)         170   -27.1%    (262)   49.0%
Total                        17,118    16,583    19,251    2,667       13.9%    (535)   -3.1%
Total Expenses were $2.7M or 13.9% below the revised budget mainly due to some vacant positions
and timing of spending. 
Total Expenses were $535K lower than Q1 2012 actual mainly due to lower Outside Services and
Litigated Injuries & Damages. 
59

Corporate Year End Forecast 
2012   2013  2013   2013  Rvsd
$ in 000's                          Actual Forecast Budget Rvsd Bud Bud Var Explanations
Total Revenues               444    184   155    155       29   Unbudgeted Police grants
Executive                      1,585   1,806   1,552    1,806    - 
Commission                    799   1,427   1,483   1,445    18 Delays hiring
Legal                       3,083   3,012   3,012   3,012    - 
Risk Services                     2,648    3,101   3,186    3,166     65  Lower insurance cost
Health & Safety Services             1,009   1,112   1,138    1,118     5 Miscellaneous savings
Public Affairs                      5,860    5,946   5,946    5,946     - 
Human Resources & Development      5,227   5,425   5,468   5,425    - 
Labor Relations                   1,094    1,197   1,198    1,153    (44) Due to one HR10 employee
Information & Communications Technology 19,486       20,505  20,805   20,505     - 
Finance & Budget                1,467   1,777   1,877    1,777
Accounting & Financial Reporting Services  6,056    6,809   7,055    6,835     26  Rebate and Charges to Capital
Internal Audit                      1,334    1,361   1,361    1,361     - 
Office of Social Responsibility           1,448    1,702   1,702    1,702     - 
Police                          21,793        22,318  22,574   22,318      - 
Contingency                     367    450       450       450   - 
Total Expenses              73,263  77,949  78,807  78,019         70 
Total Revenues are forecasting to be $29K above the revised budget due to unbudgeted Police grants. 
Total Expenses are forecasting to be $70K below the revised budget mainly due to lower insurance cost. 
60

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