ITEM NO:       7a_Supp_1 
DATE OF MEETING: May 07, 2015 
2016 Business Plan and Budget
Process Briefing 
May 12, 2015

2016 Budget Process Overview 
Assess business environment and industry conditions 
Update division business plans 
Develop key assumptions, drivers and targets 
Issue budget calendar and guidelines 
Develop Long Range Plan 
Prepare operating and capital budgets 
Develop funding plans 
Review and approve budgets/funding plans and Long Range Plan 
File Statutory Budget 
Northwest Seaport Alliance budget and business planning schedule
TBD 
New this year is development of Long Range Plan bridging Century Agenda
objectives to mid-range planning horizon. 
2

2016 Budget Calendar 
Commission briefings highlighted in blue 
April & May 
05/12 - Commission briefing: 2016 business plan and
budget process 
05/15 - Aviation division written business plan available to
Commission 
05/26 - Commission briefing: Aviation division business
plan 
05/29 - Maritime division written business plan available to
Commission 
Written business plan materials available to Commissioners in advance of public
briefings. 
3

2016 Budget Calendar - Con't. 
June & July 
06/09 - Commission briefing: Maritime division business
plan 
07/02  Economic Development written business plan
available to Commission 
07/14  Commission briefing: Economic Development
division business plan 
Requested: Three hour Commission workshop on Long
Range Plan 
Opportunity for Commission workshop to provide input into Long Range Plan. 

4

2016 Budget Calendar - Con't. 
August 
08/11 - Commission briefing: Q2 Financial Performance 
08/14 - "Final" pay for performance and benefit rates
available for budget input 
08/25 - 2016 budget assumptions memo/briefing to the
Commission 

2016 budget assumptions available to Commission by August 25. 

5

2016 Budget Calendar - Con't. 
September 
Staff prepares operating and capital plans 
Prepare Draft Long Range Plan 
Division and Executive reviews of budgets, capital plans and
Long Range Plan 
09/22 - Commission briefing: Corporate budget 
9/30 - Draft Long Range Plan submitted to Commission 

Executive and Commission budget reviews begin in September. 

6

2016 Budget Calendar - Con't 
October 
10/02  Requested Special Meeting: Commission briefing on
Aviation division budget 
10/13  Commission briefing: Maritime and Economic
Development budgets, Draft Long Range Plan 
10/20 - 2016 Preliminary Budget document available to the
Commission 
10/22  Public release of 2016 Preliminary Budget document 
10/26 - Publish public notice on budget 
10/27 - Commission briefing: Tax levy & Draft Plan of Finance 
2016 preliminary budget will be available to the public on 10/22. 

7

2016 Budget Calendar - Con't. 
November 
11/10  First reading of budget resolution and public
hearing 
11/24 - Second reading and final passage 
December 
12/03 - File statutory budget with King county 
12/11 - Publish the 2016 Final Budget document 
First and second budget readings in November. 

8