IITEM NO:     7b Supp 1
DATE OF 
MEETING:    June 10, 2014 

Port of Seattle 
2015 Business Plan and
Budget Process Briefing 
June 10, 2014

2015 Business Plan and Budget
Process Overview 
Assess business environment and industry conditions 
Update business plans 
Develop key assumptions, drivers and targets 
Issue budget calendar and guidelines 
Prepare operating and capital budgets 
Develop funding plans 
Review and approve budgets 
File Statutory Budget 

2

2015 Business Plan and Budget Calendar 
June 
Division business plans and Tourism/OSR programs
write-ups to Commission on 6/17 
July 
Aviation Division business plan Commission briefing/
discussion on 7/1 
Seaport and Real Estate business plans Commission
briefing/discussion on 7/22 
Tourism/OSR programs Commission briefing on 7/29 

3

2015 Business Plan and Budget
Calendar  Con't. 
August 
Commission briefing on Q2 performance on 8/5 
Pay for performance and benefit rates available on
8/15 
Commission briefing on budget assumptions? 


4

2015 Business Plan and Budget
Calendar  Con't. 
September 
Prepare preliminary operating & capital budgets 
Internal budget reviews by each department & division 
Executive preliminary budget reviews (9/12  9/18) 
Corporate and CDD budget briefing on 9/30? 


5

2015 Business Plan and Budget
Calendar  Con't. 
October 
Aviation capital and operating budgets briefing on 10/7 
Seaport and Real Estate capital and operating budgets
briefing on 10/14 
2015 Preliminary Budget available to the Commission on
10/21 
Release 2015 Preliminary Budget to the public on 10/23 
Tax levy and Draft Plan of Finance briefing on 10/28 

6

2015 Business Plan and Budget
Calendar  Con't. 
November 
First reading of budget resolution on 11/11 
Second reading of budget resolution on 11/18 
December 
File statutory budget by 12/4 
Release the 2015 Final Budget and Draft Plan of Finance
to the public by 12/12 

7

Port of Seattle 
2015 Business Plan and
Budget Process Briefing 
June 10, 2014