ITEM NO.    7b Supp-1
DATE OF
MEETING November 3, 2009
Briefing on Third Quarter 2009
Financial Performance and the
2009 Year-End Forecast.
Port of Seattle
November 3, 2009

Portwide Income Summary
2008 YTD 2009 YTD 2009 YTD 2009 Bud vs. Act
($ in thousands)         Actual    Actual   Budget   Var $  Var %
Operating Revenues      364,714       358,465  367,221       (8,756)  -2.4%
Operating Expenses       190,517  178,488  208,946       30,457  14.6%
Income before Depreciation  174,197  179,976  158,276       21,701  13.7%
Depreciation            106,997  112,885  117,456        4,571       3.9%
Income after Depreciation    67,201   67,091   40,819  26,272  64.4%

2

Portwide Year-End Forecast
2008    2009    2009 2009 Bud vs. Fcst
($ in thousands)         Actual  Forecast   Budget   Var $  Var %
Operating Revenues      488,996  459,875  486,367       (26,492)       -5.4%
Operating Expenses      280,278  257,374  277,862       20,488  7.4%
Income before Depreciation  208,719  202,501  208,506        (6,005)  -2.9%
Depreciation            144,208  157,036  157,036 -     0.0%
Income after Depreciation    64,510   45,465   51,470   (6,005) -11.7%

3

Year-End Payroll Items Estimate
VSP Costs: $3,342K (53 FTEs participated)
HR-10 Costs related to layoff: $1,203K
Non-represented employees: $623K
Represented employees: $580K
OPEB Medical Costs Reversal: $7,630K
Due to change in retiree medical cost
Net Cost Reduction: $3,085K
4

Total Port 2009 Capital Spending
Q1  Q2  Q3  Q4  YE App'd    Plan of
Division   Act.  Act.   Act.  Est.  Fcst Budget  Var. Finance
($ in millions)
Aviation     31.7   36.7   61.9  84.4  214.7  214.7   0.0   348.2
Seaport    18.8  18.0   4.5     10.1  51.4  100.4  49.0  126.7
Real Estate   0.4      0.5   0.5     98.8  100.2  105.2   5.0   116.3
Corporate   1.9      1.7   1.7     8.6  13.9   15.9   1.9   12.8
Total    52.7  57.0  68.5 201.9 380.2   436.1  55.9  604.0

5

Aviation Division
Performance Report
3rd Quarter 2009

Aviation Business Highlights
Airline activity:
YTD enplanements down 4.2% from 2008.
Operating budget:
Implemented Aviation Expense Savings Plan of $7.8M.
YTD expenses are below budget due to the Expense Savings
Plan.
2009 forecast $3.2M over the targeted expense reductions due to
emergency generators, snow event costs and elevator/escalator
repairs.
Non-airline revenues:
Decline in non-airline revenues exceeds decline in passengers.
Reduced forecast of non-airline revenues for a total of $11M
below approved budget.
Capital budget:
Expect to spend more than approved annual budget due to
restarting construction of Rental Car Facility.

7

Q3 Activity
Enplanements vs. Prior Year                    Landed Weight vs. Prior Year
-0.50%
0%                              2%       0.38% 0.03%
Growth Rate                          -2.16%
0%
-4.02% -3.87%
-4.59% -4.65%      -4.57%               Growth Rate -2%  -3.95%
-5% -6.08%                                -4%                           -5.45%
-6.27%
-8.11%                                              -6%                       -7.25% -7.37% -7.84% -7.85%
-8%
-10%                                    -10%
Jan Feb Mar Apr May Jun Jul Aug Sept           Jan Feb Mar Apr May Jun Jul Aug Sept

2008   2009   %      2008   2009   %
Figures in 000's     YTD     YTD Variance    Actual     Fcst Variance
Enplanements      12,441       11,925        -4.2%  16,081       15,361        -4.5%
Landed Weight      16,459       15,597        -5.2%  21,519       20,430        -5.1%
March and April landed weight augmented by cargo diversion from
Anchorage due to volcanic activity.

8

Q3 YTD Operating Revenues
2007 YTD 2008 YTD  2009 YTD  2009 YTD   Actual/Budget
Figures in $ 000s    Actual     Actual     Actual    Budget     Var $    Var %
Revenues
Landing Fees                   24,855    13,470    43,648    45,258    (1,610)        -3.6%
Terminal Rental                   66,882    30,858    98,249    97,384      866       0.9%
Other Aero Revenues               6,287        2,770        9,958        10,454     (496)       -4.7%
Total Aeronautical                151,454   150,550   152,449   153,883    (1,433)         -0.9%
Public Parking                    40,884         45,201    37,697    42,479    (4,782)        -11.3%
Rental Cars                     25,898         27,364    26,508    26,901     (393)       -1.5%
Concessions                  21,433        25,460   25,500    24,531     970       4.0%
Other Non-airline                   15,735         16,954    15,694    16,555      (861)        -5.2%
Total Non-Aeronautical            103,949   114,980   105,400   110,467    (5,067)         -4.6%
Other                         6,373        4,296        6,305        6,528     (223)       -3.4%
Total Revenues               261,776   269,826   264,154   270,877    (6,723)       -2.5%

Air terminal revenues variance due to increase leased space than budgeted.
Public parking revenues down 20% compare to YTD 2008 due to decrease in
long-term transactions.

9

Q3 YTD Operating Expenses
2007 YTD 2008 YTD  2009 YTD  2009 YTD   Actual/Budget
Figures in $ 000s    Actual     Actual     Actual    Budget     Var $    Var %
Total Revenues               261,776   269,826   264,154   270,877    (6,723)       -2.5%
Expenses
Total Salaries & Benefits              55,406    58,139    59,921    62,558     2,637         4.2%
Total Utilities                          9,393          9,436          9,740          10,434       694         6.7%
Total Supplies & Stock               3,747         2,946         3,048         2,812     (236)       -8.4%
Total Outside Services               17,952    16,528    13,621    18,179     4,557        25.1%
Total Other                        558     5,310         2,249         4,674     2,425        51.9%
Airport Expenses                87,057         92,680    88,580    98,657    10,077   10.2%
Corporate                      12,930         22,288    22,820    26,981    4,161       15.4%
Police Costs                     6,576        11,148    10,147    11,900     1,753        14.7%
Other Charges/CDD              10,458         4,889        3,294        3,934     640      16.3%
Operating Expenses (excl Env. Res.)   117,020   131,005   124,841   141,473    16,632   11.8%
Environmental Reserve                -       321         12      966         954      98.8%
Total Operating Expense            117,020   131,326   124,852   142,438    17,586   12.3%
Net Operating Income             144,756   138,500   139,302   128,439    10,863    8.5%
YTD total spending under budget due to unfilled positions and delay
of expense projects.

10

Aeronautical Business
2008     2009     2009    Forecast/Budget
Figures in $000s     Actual     Forecast     Budget     Var $    Var %
Revenues requirement:
Capital Costs                    81,535     78,791     80,350    (1,559)         0.0%
Operating Costs net Non-Aero        131,024          122,532          127,921          (5,389)        -4.2%
Total Costs                   212,559          201,323          208,271          (6,948)         -3.3%
FIS Offset                       (5,250)     (5,550)     (5,550)      - 0.0%
Other Offsets                   (15,686)    (15,109)    (14,052)    (1,057)         7.5%
Net Revenue Requirement          191,623         180,664         188,670         (8,005)        -4.2%
Other Aero Revenues             12,738     13,244     14,244    (1,000)        0.0%
Total Aero Revenues            204,361          193,908          202,913          (9,005)        -4.4%
Non-passenger Airline Costs          13,039     14,660     14,830      170    1.1%
Net Pasenger Airline Costs          191,323          179,248          188,084          8,835        4.7%

Operating costs are forecasted to be lower than budgeted due to
Expense Savings Plan and reversal of OPEB reserves which offset
by HR-10, Volunteer Separation Program and unemployment costs.
11

Aeronautical Key Indicators
2008     2009     2009    Forecast/Budget
Actual    Forecast    Budget    Var $   Var %
CPE:
Capital Costs / Enpl                5.07       5.13       5.09     (0.04)    -0.9%
Operating Costs / Enpl              8.15       7.98       8.10      0.12    1.5%
Offsets                        (1.30)      (1.34)      (1.24)     0.10    -8.4%
Other Aero Revenues              0.79      0.86      0.90     (0.04)   -4.4%
Non-passenger Airline Costs         (0.81)      (0.95)      (0.94)     (0.02)    1.7%
Passenger Airline CPE           11.89     11.67     11.90     0.23    2.0%

Forecasted passenger airline CPE of $11.67 is lower than budget
due to cost cutting measures, lower interest rate paid to variable
rate bond issues and savings from reversal of Other Post
Employment Benefit (OPEB) reserves.

12

Non-Aeronautical Business
2008     2009     2009    Forecast/Budget
Figures in $000s     Actual    Forecast    Budget     Var $   Var %
Revenues:
Public Parking                   59,111          51,963          57,377         (5,413)  -9.4%
Rental Cars                     35,592         33,850         35,867         (2,018)  -5.6%
Concessions                  33,181         30,300         32,821        (2,521)  -7.7%
Other                        22,644         21,196         22,224        (1,027)  -4.6%
Total Revenue                 150,528         137,309         148,289         (10,979)  -7.4%
Operating Expense             61,279        55,624        60,329        4,705   7.8%
Terminal O&M               90,643        92,731        97,006        4,275   4.7%
S3826, S3827, S3828           8,664     8,638     9,120     483      5.6%
Share of terminal O&M             16,396         17,323         18,105          781      4.3%
Less utility internal billing              (13,515)           (16,848)           (16,848) -       0.0%
Net Operating & Maint              64,160         56,100         61,586         5,486   8.9%
Net Operating Income            86,367        81,210        86,703        (5,493)  -6.3%
Rental cars forecasted lower due to decrease transactions and
expiration of Minimum Annual Guarantee at the end of October.
Concessions sales forecasted lower in concourses D and A.
13

Non-Aero Key Indicators
2008     2009     2009    Forecast/Budget
Actual   Forecast   Budget    Var $  Var %
Revenues / Enplanement
Parking                        3.67      3.38      3.63    (0.25)  -6.8%
Rental Car                       2.21      2.20      2.27     (0.07)  -2.9%
Concessions                   2.06     1.97     2.08    (0.10)  -5.0%
Other                         1.41      1.38      1.41    (0.03)  -1.9%
Total Revenue                   9.36      8.94      9.39    (0.45)  -4.8%
Primary Concessions Sales / Enpl     10.29      9.62     10.19    (0.57)  -5.6%


Primary concessions sales forecasted lower than budgeted.

14

Year-end Expense Forecast Summary
2007     2008     2009     2009    Forecast/Budget
Figures in $ 000s     Actual     Actual    Forecast    Budget     Var $   Var %
Operating Revenues          347,487   358,329   339,912   360,006   (20,094)  -5.6%
Expenses
Payroll                         82,627          89,458          80,192          84,777          4,585    5.4%
Outside Services                 28,900         31,928         22,085         23,737         1,652    7.0%
Utilities                             12,603           12,636           14,817           13,571           (1,246)   -9.2%
Other                       8,981    13,301         10,097         9,393     (704)      -7.5%
Total Airport Expenses           133,110   147,323   127,190   131,478     4,287    3.3%
Corporate/Capital Development        24,260         30,031         37,509         41,113         3,604    8.8%
Police                        14,253         15,287         14,420         15,743          1,323    8.4%
O&M Exclude Env. Reserve       171,624   192,641   179,119   188,334    9,215   4.9%
Savings: OPEB Reversal                           (5,574)            5,574     n/a
Costs: VSP, HR10, Unemployment                    2,934           (2,934)    n/a
Environmental Reserve               -      2,542     1,390     1,187     (203)      -17.1%
Total Operating Expenses          171,624   195,183   177,869   189,521    11,652    6.1%
Net Operating Income          175,864   163,146   162,043   170,485    (8,442)  -5.0%
Operating expense is forecasted to be $9.2 million favorable due to $11.5 M of
Expense Savings Plan offset by $1.75M for emergency generators in
preparation of Howard Hanson Dam flooding and $2M elevator/escalator
repairs.
FEMA reimbursement for snow event costs of $800k.
15

Summary Financial Results
2007     2008     2009    2009    Forecast/Budget
Figures in $ 000s     Actual     Actual    Forecast   Budget     Var $   Var %
Revenues
Aeronautical                   195,029   204,361         193,799   202,913     (9,114)  -4.5%
Non-Aeronautical               143,975   150,528         137,309   148,289    (10,979)  -7.4%
Other                       8,483        3,440     8,804    8,804 -     0.0%
Total Revenues               347,487   358,329         339,912   360,006    (20,094)  -5.6%
O&M Expenses (excl. Env. Res.)     171,624   192,641         179,119   188,334     9,215   4.9%
Savings: OPEB Reversal             -  - (5,574) -       5,574    n/a
Costs: VSP, HR10, Unemployment      -  - 2,934 -       (2,934)    n/a
Environmental Reserve               -      2,542     1,390    1,187          (203)     -17.1%
Total O&M Costs              171,624   195,183        177,869   189,521    11,652   6.1%
Net Operating Income            175,864   163,146         162,043   170,485     (8,442)  -5.0%
Capital Expenditures              298,387   209,813         238,767   214,743    (24,024) -11.2%
Traffic
Enplanements                15,662   16,085    15,361        15,800     (439)  -2.8%
Landed Weight                21,014   21,516    20,430        21,281     (851)  -4.0%
Key Measures
Non-Aero NOI ($ in 000s)           87,714    86,474    81,209         86,393     (5,183)  -6.0%
Passenger Airline CPE             11.73        11.89     11.67    11.90          0.23   2.0%
Total Operating Cost / Enpl           10.96         12.13     11.82     11.99          0.18   1.5%
Debt Service Coverage              1.58     1.42      1.45     1.51     (0.06)  -3.9%
Expense reductions have mitigated increase in CPE.
Debt service coverage remains strong.
16

Capital Budget Spending
2009      2009       Forecast/Budget     2009 Plan
Figures in $000s   YTD Actual    Forecast      Budget       Var $       Var %     of Finance
R/W 16L/34R Reconstruction       52,631      59,631      71,000      11,369      16.0%     82,715
Rental Car Facility                34,010       92,907       40,562      (52,345)     -129.0%     119,011
MT 100% Baggage Screening       9,395     10,395     18,000      7,605     42.3%     21,727
Third Runway Projects             8,649      15,052      17,281       2,229      12.9%      47,027
All Other                      25,604       60,782       67,900       7,118      10.5%      77,722
Total                       130,289      238,767      214,743      (24,024)      -11.2%     348,202

Reduced budgeted spending by $109M vs. plan of finance budget
(31%) for 2009.
Rental Car Facility restarted after six months of suspension.
Includes both design and construction costs.
2009 Budget had anticipated claims from contractor which Port staff
successfully negotiated down.
17

Seaport Division
Performance Report
3rd Quarter 2009

Seaport Business Goals
Provide Compelling Value and Asset Utilization
TEU volume was 1,125K, down (14%) from year-to date
2008. Full inbound TEU's were down (16%) and full
outbound down (9%).
TEU volume for the 3rd quarter 2009, was up 2% from 3rd
quarter 2008.
Grain volume at 3.9 million metric tons down 18% from
2008. Reduction partially due to temporary closures for
grain spout upgrades.
Full season cruise passengers 875,433 or 10% over
2009 full year budget.

19

2009 Expense Budget Reductions
$1.8 million in Seaport specific expense
budget reductions.
$2.6 million in expense budget reductions
inclusive of direct charges and allocations
from other groups.
Expense reductions reflected in full year
forecasts.

20

Seaport Q3 YTD Operating Results
In $ Thousands        2008 YTD 2009 YTD 2009 YTD   2009 Bud Var
Actual   Actual  Budget    $ %
Operating Revenue           65,789   69,903   69,833      70    0%
Environmental Grants           6,846     643     425     218   51%
Security Grants                744     207    3,392    (3,185)  -94%
Total Revenue              73,378   70,753   73,649   (2,897)   -4%
Direct Expenses             13,084   16,005   21,071    5,066   24%
Security Expense             1,406     916    4,569        3,653   80%
Environmental Reserve          2,987    3,829    1,688   (2,142)  -127%
Allocations                  11,167   10,446   11,977    1,531    13%
Total Expense              28,644   31,196   39,304    8,108   21%
Net Operating Income (NOI)    44,734   39,557   34,345    5,211   15%
NOI Excl Envir Grants/Reserve   40,875   42,743   35,608    7,135   20%

21

Seaport Division Key Variances
Revenue Detail ($'s in Thousands)
Q3 YTD Business Unit        Variance to Budget
Better (Worse)
Containers                         ($1,776)
Support Properties                      ($ 331)
Cruise                             $1,205
Grain                              $350
Docks/Industrial Properties                   $577
Security                             ($3,185)
Environmental Grants/Other                 $ 263
Total                              ($2,897)
22

Seaport Division Key Variances
Expense Detail ($'s in Thousands)
Q3 YTD Expenses          Variance to Budget
Better (Worse)
Outside Services                       $4,446
Security Expenses                     $3,653
Environmental Reserve                 ($2,142)
Corporate/CDD                     $1,237
ABC Fuels (classification change)                    $375
All Other                                $539
Total Expense                      $8,108

23

Seaport Business Groups
NOI Before Depreciation ($'s in Millions)
Q3 YTD    Variance to Budget
Actual NOI     Better (Worse)
Containers               $29.1          $3.6
Container Support Props        $ .5           ($ .6)
Cruise                   $7.2           $1.9
Grain                   $3.3           $ .6
Docks/Indust Props           $3.7          $ 1.1
Security                  ($1.1)           $ .5
Envir Grants/ Reserve        ($3.2)          ($1.9)
Total Seaport             $39.6          $5.2

24

Seaport Full Year Operating Forecast
In $ Thousands          2008    2009    2009    2009 Bud Var
Actual  Forecast  Budget    $ %
Operating Revenue           85,453   86,187   90,131   (3,944)   -4%
Environmental Grants           8,833     850     850       0    0%
Security Grants                850    1,747    3,955    (2,208)  -56%
Total Revenue              95,136   88,784   94,935   (6,152)   -6%
Direct Expenses             22,265   23,424   27,234    3,810   14%
Security Expense             1,715    2,562    5,431        2,869   53%
Environmental Reserve          5,872    3,829    3,375     (454)  -13%
Allocations                  15,069   15,239   15,888      648    4%
Total Expense              44,921   45,055   51,928    6,873   13%
Net Operating Income (NOI)    50,215   43,729   43,007     721    2%
NOI Excl Envir Grants/Reserve   47,254   46,708   45,532    1,176    3%

25

Seaport Capital 2009
Estimated Approved Variance  Est. Act.   Plan of
Actual   Budget     to    as % of   Finance
Budget  App. Bud

$51.4  $100.4  $49.1   51%   $126.7


26

Real Estate Division
Performance Report
3rd Quarter 2009

Real Estate Business Goals
Provide Compelling Value and Asset Utilization
Occupancy Rates: Commercial property at 94%
occupancy, slightly below target of 95% and
above 2009 Q3 Seattle market average of 82%.
FT/Marina Occupancy: Fishermen's Terminal
exceeded the Q3 YTD occupancy target.
Shilshole Bay Marina, Harbor Island Marina, Bell
Harbor, and Maritime Industrial Center below
targets.
28

2009 Expense Budget Reductions
$1.4 million in Real Estate specific expense
budget reductions.
$2.0 million in expense budget reductions
inclusive of direct charges and allocations from
other groups.
Expense reductions reflected in 2009 full year
forecasts.

29

Real Estate Division Q3 YTD Operating Results
In $ Thousands        2008 YTD 2009 YTD 2009 YTD   2009 Bud Var
Actual   Actual  Budget    $ %
Operating Revenue          25,826   23,168   23,171     (3)   0%
Environmental Grants          (1,015)      0      75     (75)  -100%
Total Revenue              24,812   23,168   23,246     (78)    0%
Direct Expenses             28,945   19,908   23,997    4,089   17%
Environmental Reserve          (13)     124     563     438   78%
Allocations                  1,177    1,554    1,839     285    16%
Total Expense              30,109   21,586   26,399    4,813   18%
Net Operating Income (NOI)    (5,297)   1,582   (3,152)   4,735  150%
NOI Excl Envir Grants/Reserve  (4,296)   1,707   (2,665)   4,371   164%


30

Real Estate Division Q3 Key Variances
Revenue Detail ($'s in Thousands)
2009 Year to Date               Variance to Budget
Business Unit                  Better (Worse)
Recreational Boating                       ($164)
Fishing & Commercial                        $0
Commercial Properties                      ($62)
Third Party Management                    $171
RE Development & Planning                  $188
Eastside Rail                             ($138)
Facilities/Maintenance/Envir                    ($73)
Total                                  ($78)
31

Real Estate Division Q3 Key Variances
Expense Detail ($'s in Thousands)
2009 Year to Date                  Variance to Budget
Expense                     Better (Worse)
Third Party Management                        $666
Outside Services                             $1,405
Corporate /CDD                           $1,633
Maintenance Expense                        $713
Environmental Reserve                         $438
All Other                                       ($42)
Total Expense                            $4,813

32

Real Estate Business Groups
NOI Before Depreciation ($'s in Thousands)
Q3 YTD    Variance to Budget
Actual NOI      Better (Worse)
Recreational Boating           $1,879           $633
Fishing & Commercial          ($1,211)          $696
Commercial & Third Party        $1,244          $2,526
RE Development & Planning      ($130)          $230
Eastside Rail                 ($75)            $286
Environmental Reserve         ($124)           $363
Total Real Estate             $1,582          $4,735

33

Real Estate Division Full Year Forecast
In $ Thousands         2008    2009    2009    2009 Bud Var
Actual  Forecast  Budget    $ %
Operating Revenue          34,875   30,709   30,961    (252)   -1%
Environmental Grants             1     150     150      0    0%
Total Revenue              34,877   30,859   31,111    (252)   -1%
Direct Expenses             36,375   30,260   31,821    1,561    5%
Environmental Reserve          604    1,125    1,125      0    0%
Allocations                  1,840    1,711    2,445     734    30%
Total Expense              38,819   33,096   35,391    2,295    6%
Net Operating Income (NOI)    (3,943)   (2,236)   (4,279)   2,043   48%
NOI Excl Envir Grants/Reserve  (3,340)   (1,261)   (3,304)   2,043   62%

34

Real Estate Capital 2009
Estimated Approved Variance  Est. Act.   Plan of
Actual   Budget     to    as % of   Finance
Budget  App. Bud

$100.1  $105.2  $5.0   95%   $116.3


35

Capital Development Division
Performance Report
3rd Quarter 2009

Capital Development Division
3d Qtr Business Events
Mowat was the low bidder at 2.44% below the engineer's estimate for the
East Marginal Way Grade Separation (EMWGS) Project.
T115  Received Berth 1 permits.
Construction awarded to Pacific Pile and Marine.
Steel piling bids were approximately 10% below the engineer's
estimate.
T-30 Apron Upgrade: SSA commenced container operation
on August 3, 2009.
First vessel call on August 9, 2009.
Returned $23M in AV CIP project savings.
Runway 16L was reopened ahead of schedule and under budget after
complete rebuilding.
Working with OSR in development of the small business program.
37

Capital Development Division
Key Indicators
Cost Growth on Major Construction for projects completed in 3rd
Quarter.
PROJECT                 NON-     DISCRETIONARY
DISCRETIONARY    CHANGE
CHANGE
3RD RUNWAY 2007-08 CONSTRUCTION                1.6%        2.6%
T-86 GRAIN SPOUT REPLACEMENTS                  3.7%         0%
T-91 BUILDING W-40 PARTIAL DEMOLITION PROJECT         1.3%         0%
T-18 CRANE 36 DEMOLITION                       3.0%         0%
STAGE 1 MECHANICAL ENERGY CONSERVATION PROJECT      1.2%        -0.7%
MAIN TERMINAL ROOF REPLACEMENT                 1.5%         0%
T-91 CRUISE SHIP TERMINAL                       10.3%        2.9%
EMWGS SR 99 COLUMN RELOCATION               0%     - 83.2%
EMWGS COLUMN RELOCATION  WATERLINE           32.7%       - 1.4%
C-1 100% BAGGAGE SCREENING                   7.8%       38.2%
SOUTH CRUISE INPUT PROJECT                     9.9%         0%
New Construction Management Standard Operation Procedure
(SOP) on Field Directives being developed.
38

Capital Development Division
Key Indicators
New Service Agreements in the 3rd Quarter are:
CONTRACT       CONTRACT  DOLLAR        CATEGORY
NUMBER   AMOUNT
NAVIGANT CONSULTING      P-00316114 $186,000  CONSTRUCTION AUDITING FOR RCF
PROJECT
APPLIED PROFESSIONAL      S-00316202 $100,000 UTILITY LOCATING SERVICE
SERVICES
Small Business Participation:
PCS made WBE payments of 11%, SBE payments of 11.3%,
MBE payments of 1.2 % and DBE payments of 0.2% for a total
23.7% in Small Business Participation at the end of the third
Quarter.
Goal: 30% PCS Small Business Participation.
39

Capital Development Division
Operating Results and Forecast
2008 YTD  2009 YTD              2009 Bud Var.            Year-End Projections
In $ Thousands    Actual    Actual    Budget      $ %    Budget   Revised   Forecast    Var.
AvPMG       597    419    572    152     26.6%  761    721    759     2
PCS       2,854   1,094   1,059    (35)     -3.3% 1,449   1,431   1,384    65
ENG       906    724    973    250     25.6% 1,351   1,298   1,401    (50)
SPMG       560    542   1,096    554     50.5% 1,400    845    917    483
CPO       916   1,179   1,110    (70)     -6.3% 1,494   1,636   1,664   (170)
CDD Admin      34     249     421     172      40.9%  554     294     276     278
Total CDD 5,868    4,207    5,231    1,024       19.6% 7,010    6,226    6,401     609

Corporate
Performance Report
3rd Quarter 2009

Corporate Highlights
Presented the Port's cruise program to the Partnership
for Prosperity Tourism Tour.
Planned and managed a media event to celebrate the
inaugural flight of Icelandair and re-start of the Rental
Car Facility.
Established health care premium sharing and wellness
rewards for 2010.
The Port's new Learning Management System was
selected as the "Best Launch to an Organization" at the
Plateau annual conference.
Implemented the Concur expense system "Cognos".
42

Corporate Indicators
More than 200 attended the first three Port 101 series event
(Airport, Duwamish River, and Cruise)
Managed 20 delegation visits and tours at Seaport and P69.
Port's public website visits up 20.67 to 2.67M
Occupational injury rate down from 5.89 to 5.48
98% completed the health assessment in the Wellness
Incentive Program
Completed and presented a number of internal audits to the
Audit Committee
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Corporate Operating Results
2008 YTD  2009 YTD    2009 Bud Var.     Year-End Projections
In $ Thousands               Actual  Actual Budget   $ % Budget Revised Forecast  Var.
Total Revenues               313   514   724  (210) -29.0%  1,470  1,470   1,417   53
Executive                   1,250  1,056  1,173   117 10.0%  1,540  1,449   1,449   92
Commission                 704   608   675   67  9.9%   867   844      844   22
Legal                     1,992  1,904  2,039   135  6.6%  2,703  2,638   2,720   (16)
Risk Services                  2,110  1,913  2,150   237 11.0%  2,861  2,838   2,778   84
Health & Safety                 761   715   744   29  3.9%    985   947       927   58
Public Affairs                   2,915   2,393  3,304   911  27.6%   4,270  3,565   3,565   705
External Affairs                  808    905  1,021   116  11.4%   1,347  1,249   1,249   98
Economic & Trade Development     1,006  1,002  1,584  581 36.7%  2,099  1,638  1,638  462
Human Resources & Development    2,969  2,668  3,164  496 15.7%  4,165  3,926  3,766  398
Labor Relations                 500   458   541   83 15.4%   731   689      663   69
Information & Communication Tech   9,423  12,538 14,793      2,255 15.2%  19,658 18,404  18,404 1,253 
Finance & Budget              1,197  1,102  1,296   194 15.0%  1,719  1,645   1,482  236
Accounting & Financial Reporting    4,325  4,441  4,882   440  9.0%  6,541  6,352   6,286  255
Internal Audit                    502    758   895   137  15.3%   1,211  1,164   1,090   121
Office of Social Responsibilities       606   1,062  1,271   209  16.5%   1,647  1,401   1,387   259
Regional Transportation            280   315   374   59 15.8%   498   461       463   36
Police                      13,981      13,055 15,100      2,045 13.5%  19,979  18,379  18,371 1,607 
Industrial Development Corp         10    10 -     (10)  0.0%    - - 10     (10)
Contingency                2,784   396   563   166 29.6%   750   750      750
Total Expenses              48,126      47,299 55,568      8,269  14.9% 73,572 68,338  67,842 5,730 
44