PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA               Item No.       6c 
ACTION ITEM             Date of Meeting  November 27, 2012 

DATE:    November 9, 2012 
TO:      Tay Yoshitani, Chief Executive Officer 
FROM:    Dan Thomas, Chief Financial and Administrative Officer 
Michael Tong, Corporate Budget Manager 
SUBJECT:  Resolution No. 3670, adopting the final budget of the Port of Seattle for
the Year 2013; making, determining, and deciding the amount of taxes
to be levied upon the current assessment roll; and directing the King
County Council as to the specific sums to be levied on all of the
assessed property of the Port of Seattle District in the Year 2013. 

ACTION REQUESTED: 
Request Second Reading and Final Passage of Resolution No. 3670: A resolution of the Port
Commission of the Port of Seattle adopting the final budget of the Port of Seattle for the year 2013;
making, determining, and deciding the amount of taxes to be levied upon the current assessment
roll; providing payment of bond redemptions and interest, cost of future capital improvements and
acquisitions, and for such general purposes allowed by law which the Port deems necessary; and
directing the King County Council as to the specific sums to be levied on all of the assessed
property of the Port of Seattle District in the Year 2013. 
SYNOPSIS: 
The 2013 business and budget planning process began in April. In the past few months, staff
provided eight briefings to the Commission on the 2013 budget process, budget assumptions,
business plan and capital plan, preliminary capital budget, preliminary operating budget, tax levy, 
and draft plan of finance. Based on the input and comments from the Commission in the briefings,
staff incorporated the suggested changes into the preliminary numbers. The preliminary budget was
prepared for the Commission on October 23, 2012, and made available to the public on October 25,
2012. 
Staff recommends the following final budget process: 
November 27, 2012  Second Reading and Final Passage of Resolution No. 3670 
November 29, 2012  Submittal of the 2013 Final Budget to the King County Council 
December 14, 2012  Release of the 2013 Final Budget and Draft Plan of Finance to the
Public

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
November 9, 2012 
Page 2 of 2 
BACKGROUND: 
The budget process includes setting up and testing new budget modules in the budget system,
budget user training, department and division 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, preparing and publishing the preliminary budget document, a public hearing,
adoption of the final budget, filing the statutory budget with the King County Council and
Assessor's Office, and the preparation and release of the final budget document.
Prior to the Second Reading on November 27, 2012, staff have provided eight briefings to the
Commission. The 2013 preliminary budget was prepared for and provided to the Port Commission
on October 23, 2012, and was available to the general public on October 25, 2012. An
announcement of the preliminary budget and public hearing was made in the Daily Journal of
Commerce newspaper on October 29 and November 5, 2012.
After the public hearing and Commission adoption of a final plan, the statutory budget and
resolution will be filed with the King County Council and King County Assessor as required by
law. The 2013 Final Budget and Draft Plan of Finance will be released to the public on December
14, 2012. 
OTHER DOCUMENTS ASSOCIATED WITH THIS REQUEST: 
Resolution No. 3670 
PowerPoint: 2013 Preliminary Budget Second Reading 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS: 
July 10, 2012  2013 Budget Process Briefing 
August 14, 2012  2013 Budget Assumptions Briefing 
August 14, 2012  Century Agenda Milestones and 2013 Business and Capital Plans
Briefing 
October 2, 2012  2013 Capital Budget Briefing 
October 9, 2012  2013 Operating Budget Briefing 
October 23, 2012  Tax Levy and the Draft Plan of Finance Briefing 
November 6, 2012  Follow up on the Tax Levy briefing 
November 13, 2012  First Reading of Resolution No. 3670 and Public Hearing