7a

PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA               Item No.       7a 
STAFF BRIEFING             Date of Meeting   October 23, 2012 

DATE:    October 11, 2012 
TO:     Tay Yoshitani, Chief Executive Officer 
FROM:    Elizabeth Morrison, Director, Corporate Finance 
SUBJECT:  Briefing on the Tax Levy and the Draft Plan of Finance 2013-2017 

SYNOPSIS: 
On October 2, 2012, staff presented the Port's Capital Improvement Program (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 fiveyear
CIP and provides information on the funding sources available to support the CIP.
A portion of the CIP, along with certain expenses, is funded with the tax levy. Staff will
present information on tax levy uses for Commission review and will seek guidance on
the establishment of the 2013 tax levy and forecasting assumptions. 

OTHER DOCUMENTS ASSOCIATED WITH THIS BRIEFING: 
2013 Budget Follow-up: Airport Fund Balance PowerPoint presentation 
Tax levy PowerPoint presentation 
Draft Plan of Finance 2013-2017 PowerPoint presentation 
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 Preliminary Operating Budget Briefing

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