Item No: 9a_supp . 
Meeting Date: May 22, 2018 
Port of Seattle 
2019 Budget Process and Development
Briefing 

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Century Agenda 
25 year Goals 
Long Range Plan 
5 year Strategic Plans 
Identify/Refine Objectives, Priority Actions and Milestones for LRP 

2019 Business Planning 
(Including 2019 Priorities) 

New Capital Projects and 
2019 Operating Budget 
5-Year Capital Plan

2019 Budget: Key Focus Areas 
Manage operating expenses to increase Net Operating Income in a
sustainable way 
Seek new revenue and efficiency opportunities where possible 
Obtain Commission input early in process regarding priorities and
desired outcomes 
Prioritize capital projects to align with projected funding resources 
Refine funding plans for major programs, e.g. SAMP, NWSA (including
T5), Waterfront Vision 
Ensure alignment of budgets with Long Range Plan objectives 
Aligning the budget with the Port's strategic objectives and priorities 
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2019 Budget Process Overview 
Strategic Initial Budget Planning: 
Assess business environment and industry conditions 
Update five-year division business operating and capital forecasts 
Update Long Range Plan 
Budget Preparation: 
Develop key budget assumptions, drivers and targets 
Issue budget calendar and departmental guidelines 
Prepare 2019 operating and capital budgets 
Budget Reviews and Approvals: 
Conduct department and division budget reviews 
Publish the preliminary budget document to the public 
Commission review and approve budgets/capital plans 
Final Steps: 
File the Statutory Budget with King county 
Publish the final budget document to the public 
Many steps in budget development process 
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2019 Budget Calendar 
Strategic Initial Budget Planning: 
05/22  2019 Commission budget process briefing; seek guidance and
input on budget development and Commission priorities 
06/26  Aviation division Commission briefing on 2019 key
initiatives/budget drivers 
07/10  Maritime division Commission briefing on key initiatives/budget
drivers 
07/24  Economic Development division Commission briefing on key
initiatives and budget drivers 
08/14  Long Range Plan Commission Briefing 
08/14  Commission budget priorities discussion 
Early engagement with Commission for budget input and development 
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2019 Budget Calendar - Con't. 
Budget Preparation: 
08/01  2019 Budget Guidelines available to budget support staff (formal
budget entries begin in early August). 
08/20 to 09/13  Executive team reviews of department/division budgets 
08/28  2019 key budget assumptions memo to the Commission 
09/11  Second Quarter Financial Performance Commission briefing 

Executives examine, scrutinize and evaluate proposed budgets 
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2019 Budget Calendar - Con't. 
Commission Budget Reviews and Approvals: 
09/25  Central Services budget Commission briefing 
10/04  Last day for changes to be incorporated into the 2019 Preliminary Budget
document 
10/09  Operating division budgets Commission briefing 
10/18  Last day for changes to be incorporated into the first reading of the 2019
Budget on 11/13 
10/23  Tax Levy & Draft Plan of Finance Commission briefing 
10/23  2019 Preliminary Budget document available to Commission 
10/25  2019 Preliminary Budget document available to the public 
Commissioners review and provide input on preliminary budget 
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2019 Budget Calendar - Con't. 
Commission Budget Reviews and Approvals (Con't): 
10/30  NWSA Budget study session by Managing Members 
11/13  NWSA Budget adoption by Managing Members 
11/13  First reading of budget resolution and public hearing 
11/15  Last day for changes to be incorporated into the second reading of the 2019
Budget 
11/27 - Second reading and final passage of 2019 Budget 

Commissioners review and provide input on preliminary budget 
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2019 Budget Calendar - Con't. 
Final Steps: 
12/03 - File the 2019 statutory budget with King county 
12/14 - Publish the 2019 Final Budget to the public 


Port required to file a statutory budget with the County under state law 
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