COMMISSION 
AGENDA MEMORANDUM                       Item No. 
BRIEFING ITEM                            Date of Meeting       June 13, 2017 
DATE:     May 25, 2017 
TO:        Dave Soike, Interim Chief Executive Officer 
FROM:    Dan Thomas, Chief Financial Officer 
Michael Tong, Asst. Finance Director  Budget 
SUBJECT:  2018 Budget Work Session 
EXECUTIVE SUMMARY 
The purpose of this budget work session is to provide the Commission an overview of 2018
budget process; discuss each operating division's 2018 business outlook, key drivers and
initiatives, and major capital projects; and provide Commissioners an opportunity to discuss
their 2018 budget priorities prior to the start of the formal budget process. 
BACKGROUND 
The Port will formally start preparing the 2018 budget in August. Prior to the formal budget
process, staff would like the Commission to provide a clear direction and some guidance on a
number of key programs, initiatives and potential Commission priorities for 2018. 
The Port's budget process includes the following: setting up and testing new budget modules in
the budget system;  budget user training;  division and department strategic and business
planning; publishing budget guidelines; establishing budget targets; entering budget data into
the system;  running budget allocations and budget reports;  conducting department and
division reviews, Executive reviews, and Commission reviews; publishing the preliminary budget
for public comments; adopting the final budget; filing the statutory budget with the King
County Council and Assessor's Office; and preparing and releasing the final budget document. 
On June 13, 2017, staff will provide the Commission an overview of 2018 budget process;
discuss each operating division's 2018 business outlook, key drivers and initiatives, and major
capital projects; and provide  Commissioners an  opportunity to discuss their 2018 budget
priorities early in the budget process. 
The discussion will also help staff to prepare for the June 27 Commission retreat budget work
session and the two scheduled budget development Commission briefings on July 11 and July
25. 


Template revised September 22, 2016.

COMMISSION AGENDA  Briefing Item No. ____                                Page 2 of 2 
Meeting Date: June 13, 2017 
ATTACHMENTS TO THIS BRIEFING 
(1)   Presentation slides 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
None 
















Template revised September 22, 2016.