7a Memo LevyPlanOfFinance
PORT OF SEATTLE MEMORANDUM COMMISSION AGENDA Item No. 7a STAFF BRIEFING Date of Meeting October 27, 2015 DATE: October 9, 2015 TO: Ted Fick, Chief Executive Officer FROM: Elizabeth Morrison, Director, Corporate Finance SUBJECT: Briefing on the Preliminary Tax Levy and the Draft Plan of Finance 2016- 2020 SUMMARY As part of the Port's budget process, the Commission establishes the amount of taxes to be levied within the Port district for the budget year. Staff will provide information on the forecasted uses of the tax levy and will seek Commission guidance on the establishment of the 2016 tax levy amount, criteria for usage, and modifications to forecasting assumptions. On October 13, the operating divisions presented their operating budgets and their Capital Improvement Programs (CIPs), collectively the Port's CIP. As part of the annual budget process, staff provides a funding plan for the Port's CIP. This funding plan The Draft Plan of Finance is updated each year for the subsequent five-year CIP and provides information on the funding sources available to support the CIP. This year's plan will also include the Port's projected funding requirements for the Northwest Seaport Alliance CIP. ATTACHMENTS TO THIS BRIEFING 2016-2020 Draft Plan of Finance and Tax Levy Discussion PowerPoint presentation. PREVIOUS COMMISSION ACTIONS OR BRIEFINGS October 13, 2015 Capital Development and Corporate Capital Budgets Briefing September 22, 2015 2016 Corporate Budget Briefing. September 8, 2015 2016 Economic Development Business Plan Discussion. September 8, 2015 2016 Key Budget Assumptions Briefing. July 9, 2015 2016 Maritime Business Plan Discussion. May 26, 2015 2016 Aviation Business Plans Discussion. May 12, 2015 2016 Business Plan and Budget Process Briefing. Template revised May 30, 2013.
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.