COMMISSION 
AGENDA MEMORANDUM                        Item No.          9a 
BRIEFING ITEM                            Date of Meeting        May 22, 2018 
DATE:     May 4, 2018 
TO:        Steve Metruck, Executive Director 
FROM:    Dan Thomas, Chief Financial Officer 
Michael Tong, Assistant Finance Director, Budget 
SUBJECT:  2019 Budget Process and Development Briefing 
EXECUTIVE SUMMARY 
The purpose of this briefing is to provide the Commission an overview of the Port's 2019
budget process and to seek input on priorities and outcomes. 
ADDITIONAL BACKGROUND 
Port staff is planning for the 2019 budget and will brief the Commission on the process and
schedule and will seek  input from the Commission regarding the process and strategic 
priorities. The following areas will be particularly in focus in developing the budget: 
Managing operating expenses to increase Net Operating Income in a sustainable way 
Seeking new revenue and efficiency opportunities where possible 
Obtaining  Commission input early in the process regarding priorities and desired
outcomes 
Prioritizing capital projects to align with projected funding resources 
Refining funding plans for major programs, e.g. SAMP, NWSA (including T5), Waterfront
Vision 
Ensuring alignment of budgets with Long Range Plan objectives 
This is the first session in a series of planned 2019 Budget Commission briefings. Below are the
remaining significant dates and topics for the 2019 budget schedule: 
May 22, 2018  2019 Budget Process and Development Commission Briefing. 
June 26, 2018  2019 Budget Development Commission Briefing (Aviation Division
Business Forecast). 
July 10, 2018  2019 Budget Development Commission Briefing (Maritime Businesses
Forecast). 
July 24, 2018   2019 Budget  Development Commission Briefing (EDD Businesses
Forecast). 
August 14, 2018  LRP Commission Briefing. 

Template revised September 22, 2016.

COMMISSION AGENDA  Briefing Item No. 9a                                  Page 2 of 2 
Meeting Date: May 22, 2018 
August 14, 2018  Commission budget priorities discussion. 
August 28, 2018  2019 key budget assumptions memo to the Commission. 
September 11, 2018  Q2 Financial Performance Briefing to the Commission. 
September 11, 2018  LRP presented to the Commission for approval. 
September 25, 2018  Central Services budget Commission briefing. 
October 9, 2018  Operating division budgets Commission briefing. 
October 23, 2018  Tax Levy & Draft Plan of Finance Commission briefing. 
October 23, 2018  2019 preliminary budget document available to the Commission. 
October 25, 2018  2019 preliminary budget document available to the public. 
October 30, 2018  NWSA budget study session by Managing Members. 
November 13, 2018  NWSA budget adoption by Managing Members. 
November 13, 2018  First reading of budget resolution and public hearing. 
November 13, 2018  Commission Approval of the 2019 ILA/Service Directives between
POS and the NWSA. 
November 27, 2018  Second reading and final passage. 
December 3, 2018  Filing of 2019 Statutory Budget with King County Council &
Assessor. 
December 14, 2018  Release of 2019 Budget to the Public. 
ATTACHMENTS TO THIS BRIEFING 
(1)   Presentation slides 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
None 








Template revised September 22, 2016.