COMMISSION 
AGENDA MEMORANDUM                        Item No.          8a 
ACTION ITEM                            Date of Meeting     November 13, 2018 
DATE:     October 26, 2018 
TO:        Stephen P. Metruck, Executive Director 
FROM:    Dan Thomas, Chief Financial Officer 
Michael Tong, Asst. Finance Director - Budget 
SUBJECT:  Introduction and Public Hearing of Resolution No. 3751, adopting the final budget of
the Port of Seattle for the Year 2019 
ACTION REQUESTED 
Request Introduction and public hearing of Resolution No. 3751: A resolution of the Port
Commission of the Port of Seattle adopting the final budget of the Port of Seattle for the year
2019; 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 2019. 
EXECUTIVE SUMMARY 
The 2019 business and budget planning process began in April. In the past few months, staff
conducted budget work session, provided briefings/memo  to the Commission  on  budget
process, key budget assumptions, division business plans and budget development overview,
preliminary  operating  budget,  and  preliminary  capital  budget.  The  preliminary  budget
document was provided to the Commission on October 23, 2018, and made available to the
public on October 25, 2018.
Staff recommends the following final budget process: 
November 13, 2018  First Reading of Resolution No. 3751 and Public Hearing 
November 27, 2018  Second Reading and Final Passage of Resolution No. 3751 
December 3, 2018  Submittal of the 2019 Final Statutory Budget to the King County
Council and Assessor's Office. 
December 14, 2018  Release of the 2019 Final Budget and Draft Plan of Finance
document to the Public. 


Template revised September 22, 2016.

COMMISSION AGENDA  Action Item No. 8a                                   Page 2 of 3 
Meeting Date: November 13, 2018 
ADDITIONAL BACKGROUND 
The budget process includes planning, setting up and testing new budget modules in the
budget system, budget user training, department 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 First Reading and Public Hearing on November 13, 2018, staff has provided 11
briefings  to  the  Commission.  The  2019  preliminary  budget  was  provided  to  the  Port
Commission on October 23, 2018, and was made available to the general public on October 25,
2018. An announcement of the preliminary budget and public hearing was made in the Daily
Journal of Commerce newspaper on October 29, 2018.
After the public hearing and Commission adoption of a final plan, the statutory budget will be
filed with the King County Council and King County Assessor as required by law. The 2019 Final
Budget and Draft Plan of Finance will be released to the public on December 14, 2018. 
ATTACHMENTS TO THIS REQUEST 
(1)   Draft Resolution No. 3751 
(2)   Presentation slides 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
November 7, 2018  The Commission was briefed on the 2019 Maritime and Economic
Development Capital Improvement Plan and Capital Funding. 
October 23, 2018  The Commission was briefed on the 2019 Economic Development
Division Preliminary Operating Budget. 
October 9, 2018   The Commission was briefed on the 2019 Aviation and Maritime
Preliminary Budgets. 
October 9, 2018  The Commission was briefed on the 2019 Central Services Preliminary
Capital Budget. 
September 25, 2018   The Commission was briefed on the 2019 Central Services
Preliminary Operating Budget. 
September 24, 2018   The Commission held a budget study session (Maritime and
Economic Development CIP and Capital Funding). 
July 24, 2018  The Commission was briefed on the 2019 Economic Development Division
Business Plan and Budget Development. 
July 24, 2018  The Commission held a pre-budget study session (Maritime and Economic
Development CIP and Capital Funding). 
July 10, 2018  The Commission was briefed on the 2019 Maritime Business Plan and
Budget Development. 

Template revised September 22, 2016; format updates October 19, 2016.

COMMISSION AGENDA  Action Item No. 8a                                   Page 3 of 3 
Meeting Date: November 13, 2018 
June 26, 2018  The Commission was briefed on the 2019 Aviation Business Plan and Budget
Development. 
May 22, 2018  The Commission was briefed on the 2019 Budget Process and Development. 

















Template revised September 22, 2016; format updates October 19, 2016.