ITEM NO.    9a-Supp
DATE OF
MEETING  August 11, 2009

2009 Q2 Financial Performance

Port of Seattle

August 11, 2009

Portwide Income Summary
2008 YTD 2009 YTD 2009 YTD 2009 Bud vs. Act
($ in thousands)         Actual    Actual   Budget   Var $  Var %
Operating Revenues      243,631  232,502  231,661         840   0.4%
Operating Expenses       116,203  114,014  143,726       29,712  20.7%
Income before Depreciation  127,428  118,488   87,936  30,552  34.7%
Depreciation            70,220   75,243   77,877   2,634       3.4%
Income after Depreciation    57,209   43,245   10,059  33,186  329.9%


2

Portwide Year-End Forecast
2008    2009     2009 2009 Bud vs. Fcst
($ in thousands)         Actual  Forecast   Budget   Var $  Var %
Operating Revenues      488,996  462,610  486,367       (23,757)       -4.9%
Operating Expenses      280,278  260,427  277,862       17,435  6.3%
Income before Depreciation  208,719  202,183  208,506        (6,323)  -3.0%
Depreciation           144,208  157,036  157,036 -     0.0%
Income after Depreciation    64,510   45,147   51,470   (6,323) -12.3%

3

Total Port 2009 Capital Spending
Q1  Q2  Q3  Q4  YE App'd    Plan of
Division   Act.  Act.   Est.  Est.  Fcst Budget  Var. Finance
($ in millions)
Aviation     31.7   36.7  100.9  84.0  253.4  214.7  -38.7   348.2
Seaport    18.8  18.0   9.5     9.6  55.9  100.4  44.5  126.7
Real Estate   0.4      0.5   1.6     98.3  100.8  105.2   4.4   116.3
Corporate   1.9      1.7   5.6     5.7  14.9   15.9   0.9   12.8
Total    52.7  57.0  117.6 197.6 424.9   436.1  11.2  604.0

4

Aviation Division
2009 Q2 Financial Performance
Port Commission
August 11, 2009

5

Aviation Business Highlights
Airline activity:
YTD enplanements down 5.1% 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 $1M over the targeted expense reductions due to
more snow event costs.
Non-airline revenues:
Decline in non-airline revenues exceeds decline in passengers.
Reduced forecast of non-airline revenues by $2.1M for a total of
$11.3M below approved budget.
Capital budget:
Expect to spend more than approved annual budget due to
restarting construction of Rental Car Facility.

6

Q2 Activity
Enplanements vs. Prior Year                  Landed Weight vs. Prior Year
0%                             2%           0.38%  0.03%
Growth Rate                 -4.02%   -3.87%
-4.59%    -4.65%         0%
-6.08%
-5%                                   -2%  -3.95%
-8.11%                                               Growth Rate -4%               -6.27%
-10%                                    -6%                        -7.25%   -7.37%
Jan   Feb   Mar   Apr   May   Jun      -8%
Jan   Feb   Mar   Apr   May   Jun
2008   2009   %      2008   2009   %
Figures in 000's     YTD     YTD Variance    Actual     Fcst Variance
Enplanements       7,774   7,376   -5.1%  16,093   14,959   -7.0%
Landed Weight      10,517   10,079    -4.2%  21,515   20,437    -5.0%

March and April landed weight augmented by cargo diversion from
Anchorage due to volcanic activity.

7

Q2 YTD Operating Revenues
2007 YTD  2008 YTD  2009 YTD  2009 YTD    Act/Budget
Figures in $ 000's    Actual     Actual     Actual     Budget     Var $    Var %
Revenues
Landing Fees                 24,855    28,203        27,917        28,875         (958)   -3.3%
Terminal Rental                 66,882    62,148         65,517         59,760         5,758         9.6%
Other Aero Revenues             5,698    5,621        6,392        6,050         342       5.7%
Total Aero Revenue            97,435    95,972        99,866         94,684         5,182        5.5%
Public Parking                  27,232    31,060         25,628         28,395         (2,767)    -9.7%
Rental Cars                   16,179    16,271         16,250         14,836         1,414        9.5%
Concessions                 12,436    15,842        16,410        15,417         992       6.4%
Other Non-airline                 10,235    11,006         10,027         10,549          (521)    -4.9%
Total Non-Aeronautical           66,082    74,179         68,314         69,197          (883)    -1.3%
Other                      4,255    4,296        4,177        4,352         (175)   -4.0%
Total Revenues              167,772   174,447   172,357   168,234    4,124        2.5%
Air terminal revenues variance of $5.7M due to increase leased space and
incorrect seasonality built into the budget.
Public parking revenues down 17% compare to YTD 2008.
Rental Cars revenues are higher due to Minimum Annual Guarantees.
8

Q2 YTD Operating Expenses
2007 YTD  2008 YTD  2009 YTD  2009 YTD    Actual/Budget
Figures in $ 000's    Actual     Actual     Actual     Budget      Var $     Var %
Total Revenues              167,772   174,447   172,357   168,234    4,124        2.4%
Expenses
Total Salaries & Benefits            36,495    39,914         39,428          41,845     2,418         5.8%
Total Utilities                        6,514      6,514           6,784           7,258       474         6.5%
Total Supplies & Stock              2,312     1,929         2,135         1,816      (320)   -17.6%
Total Outside Services             11,207    11,416          8,688        12,509     3,821        30.5%
Total Other                        4      807        1,146         4,151         3,005        72.4%
Total Operating Exp              56,533    60,580         58,182         67,579     9,398        13.9%
Corporate                   12,930    13,681        14,288         18,077         3,790       21.0%
Police Costs                    6,576     7,377         6,445         8,029         1,584        19.7%
Other Charges/CDD              150    2,475        2,183        2,637         454      17.2%
Total Operating Expenses         76,189    84,113         81,098         96,323         15,225        15.8%
Net Operating Income            91,583    90,334         91,260         71,911         19,349        26.9%
YTD total spending under budget due to unfilled positions and delay
of expense projects.

9

Aeronautical Business
2008     2009     2009     Forecast/Budget
Figures in $000's     Actual     Forecast     Budget      Var $    Var %
Revenues requirement:
Capital Costs                     81,535     80,350     80,350      - 0.0%
Operating Costs net Non-Aero        131,024    120,754    127,921     7,167        5.6%
Total Costs                    212,559     201,104     208,271     7,167         3.4%
FIS Offset                       (5,250)     (5,550)     (5,550)      - 0.0%
Other Offsets                    (15,686)    (14,398)    (14,052)      346       -2.5%
Net Revenue Requirement          191,623    181,156    188,670    (7,514)   -4.0%
Other Aero Revenues              12,738     14,244     14,244     - 0.0%
Total Aero Revenues            204,361    195,400    202,913    (7,514)   -3.7%
Non-passenger Airline Costs          13,039     14,661     14,830      168       1.1%
Net Pasenger Airline Costs           191,323     180,738     188,084     7,345         3.9%
Operating costs are forecasted to be lower than budgeted due to
budget savings from payroll, travel and registration, and outside
services.
10

Aeronautical Key Indicators

2008     2009     2009     Forecast/Budget
Actual    Forecast    Budget    Var $   Var %
CPE:
Capital Costs / Enpl                  5.07       5.37       5.09      (0.29)    -5.6%
Operating Costs / Enpl               8.15       8.07       8.10      0.02        0.3%
Offsets                         (0.98)      (0.96)      (0.89)     0.07        -8.2%
Non-passenger Airline Costs           (0.81)      (0.98)      (0.94)     (0.04)    4.4%
Passenger Airline CPE             11.89      12.08      11.90     (0.18)   -1.5%

Forecasted passenger airline CPE of $12.08 is higher than budget
due to lower enplanements.
Forecasted operating costs per enplanement are even with budget
due to budget cuts in Q1 2009.

11

Non-Aeronautical Business
2008     2009     2009    Forecast/Budget
Figures in $000's     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         29,998    32,821    (2,824)  -8.6%
Other                        22,644         21,200    22,224    (1,024)  -4.6%
Total Revenue                150,528         137,011         148,289        (11,278)  -7.6%
Operating Expense              61,279    57,284    60,329    3,045       5.0%
Share of terminal O&M              16,396     17,183     18,105     921      5.1%
Less utility internal billing                (13,515)     (16,848)     (16,848)        - 0.0%
Net Operating & Maint               64,160     57,620     61,586    3,966       6.4%
Net Operating Income             86,367    79,391    86,703    (7,312)  -8.4%
Rental cars forecasted lower due to decrease transactions.
Concessions sales forecasted lower in concourses D and A.

12

Non-Aero Key Indicators
2008     2009     2009    Forecast/Budget
Actual    Forecast   Budget    Var $  Var %
Revenues / Enplanement
Parking                         3.67      3.47      3.63     (0.16)  -4.3%
Rental Car                       2.21      2.26      2.27     (0.01)  -0.3%
Concessions                    2.06      2.01      2.08    (0.07)  -3.5%
Other                         1.41      1.42      1.41     0.01   0.8%
Total Revenue                   9.36      9.16      9.39    (0.23)  -2.4%
Primary Concessions Sales / Enpl      10.29      9.83      10.19    (0.36)  -3.5%

Primary concessions sales forecasted lower than budgeted.

13

Year-end Expense Forecast Summary
2007     2008     2009      2009      Fcst/Budget
Figures in $ 000's     Actual      Actual      Forecast      Budget       Var $    Var %
Total Revenues                347,487         358,329    341,314          360,006         (18,692)  -5.2%
Expenses
Total Salaries & Benefits             71,102          87,605     80,913           84,777          3,864        4.6%
Total Equipment                 2,616         2,479      1,446          1,591          145      9.1%
Total Utilities                        12,602            12,636      13,226             13,571             345       2.5%
Total Supplies & Stock               3,618          5,667      4,144           3,705          (439)  -11.8%
Total Outside Services              23,948          29,492     22,264           23,737          1,473        6.2%
Total Travel & Other Employee Exp       781          961       626         1,016          390     38.4%
Total Other                     11,504           3,858      3,178           4,268         1,090       25.5%
Total Operating Exp              126,171          142,699    125,797           132,665          6,868       5.2%
Corporate Expenses              29,524         34,940     32,921          35,782         2,862       8.0%
Police Costs                    14,386          15,287     14,420           15,743          1,323       8.4%
Real Estate Expenses              1,350         1,234      1,308          1,326          18     1.4%
Total O&M Costs               171,624         195,183    178,321          189,521         11,200        5.9%
Net Operating Income            175,864         163,146    162,993          170,485          (7,493)  -4.4%
Expenses are forecasted $7.8M favorable due to implementation of 2009
Aviation Expense Savings Plan offset with $1M overrun for more snow events.
Potential FEMA reimbursement for snow event costs of $800k
Anticipate $500k over budget due to repairs of elevators and escalators
14

Summary Financial Results
2007     2008     2009    2009    Forecast/Budget
Figures in $000's     Actual     Actual    Forecast   Budget     Var $    Var %
Revenues
Aeronautical                   195,029         204,361          195,499   202,913     (7,414)        -3.7%
Non-aeronautical                143,975         150,528          137,011   148,289    (11,278)        -7.6%
Other                       8,483        3,440         8,804    8,804    - 0.0%
Total Revenues               347,487        358,329         341,314   360,006    (18,692)        -5.2%
Total O&M Costs               171,624        195,183         178,321   189,521    11,200        5.9%
Net Operating Income            175,864        163,146          162,993   170,485     (7,493)       -4.4%
Capital Expenditures               298,387         209,813    253,462   214,743    (38,719)        -18.0%
Traffic
Enplanements                15,662        16,085    14,959   15,800     (841)  -5.3%
Landed Weight                21,014        21,516    20,437    21,281     (844)  -4.0%
Key Measures
Non-Aero NOI                 87,714        86,474    79,282   86,393    (7,110)  -8.2%
Passenger Airline CPE              11.73         11.89     12.09     11.90     (0.18)  -1.6%
Total Operating Cost / Enpl            10.96         12.13      11.95     11.99      0.05   0.4%
Debt Service Coverage              1.58        1.42      1.48     1.51     (0.04)  -2.3%
Expense reductions have mitigated increase in CPE.
Deb t service coverage remains strong.

15

Capital Budget Spending
2009
Figures in $ 000's               2009       2009         Forecast/Budget        Plan of
YTD Actual   Forecast     Budget      Var $      Var %     Finance
R/W 16L/34R Reconstruction                16,737     71,737     71,000       (737)      -1.0%     82,715
Rental Car Facility (1)                        20,639      91,997      40,562      (51,435)     -126.8%     119,011
MT 100% Baggage Screening (2)              8,125     11,300     18,000      6,700      37.2%     21,727
Third Runway Projects                     5,814     15,208     17,281      2,073      12.0%     47,027
All Other                                17,081      63,220      67,900       4,680        6.9%      77,722
Total                                68,396     253,462     214,743     (38,719)      -18.0%     348,202

(1) Restarting Rental Car Facility after having suspended construction
in December, 2008. Includes both design and construction costs.
(2) Budget had anticipated claims from contractor which Port staff
successfully negotiated down.

16

Seaport Division
Performance Report
2nd Quarter 2009
August 11, 2009

Seaport Business Goals
Provide Compelling Value and Asset Utilization
TEU volume was 691K, down (22%) from year-to date
2008. Full inbound TEU's were down (27%) and full
outbound down (19%).
Grain volume at 2.5 million metric tons down 27% from
2008. Reduction partially due to temporary closures for
grain spout upgrades.
Smith Cove cruise facility opened on schedule with the
first call on April 24th.

18

Seaport Organizational Goals
Environmental Stewardship:
Zero environmental/regulatory violations.
Key elements of the Clean Truck Program approved by
the Commission in April.
Regional Transportation:
East Marginal Way Grade Separation project - Issues
resolved with City and BNSF. Prepared to go out for bid.



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 Full Year Operating Forecast
In $ Thousands          2008    2009    2009    2009 Bud Var
Actual  Forecast  Budget    $ %
Operating Revenue           85,453   85,851   90,131   (4,280)   -5%
Environmental Grants           8,833     850     850       0    0%
Security Grants                850    2,648    3,955    (1,307)  -33%
Total Revenue              95,136   89,348   94,935   (5,587)   -6%
Direct Expenses             22,265   24,174   27,234    3,061   11%
Security Expense             1,715    3,657    5,431        1,774   33%
Environmental Reserve          5,872    5,517    3,375   (2,142)  -63%
Allocations                  15,069   15,302   15,888      585    4%
Total Expense              44,921   48,650   51,928    3,278    6%
Net Operating Income (NOI)    50,215   40,698   43,007   (2,309)   -5%
NOI Excl Envir Grants/Reserve   47,254   45,365   45,532    (167)    0%

21

Seaport Q2 YTD Operating Results
In $ Thousands        2008 YTD 2009 YTD 2009 YTD   2009 Bud Var
Actual   Actual  Budget    $ %
Operating Revenue           43,268   43,704   44,597    (894)   -2%
Environmental Grants           7,809     389     213     177   83%
Security Grants                744     129    2,537    (2,409)  -95%
Total Revenue              51,821   44,222   47,347   (3,125)   -7%
Direct Expenses              8,669   11,023   16,101    5,078   32%
Security Expense              564     529    3,307        2,778   84%
Environmental Reserve            0       0    1,688    1,688   100%
Allocations                   7,051    6,736    8,010    1,274    16%
Total Expense              16,285   18,287   29,105   10,818   37%
Net Operating Income (NOI)    35,537   25,934   18,242    7,693   42%
NOI Excl Envir Grants/Reserve   27,727   25,545   19,717    5,828   30%

22

Seaport Division Key Variances
Revenue Detail ($'s in Thousands)
Q2 YTD Business Unit        Variance to Budget
Better (Worse)
Containers                         ($1,441)
Support Properties                        ($ 2)
Cruise                              $314
Grain                             ($120)
Docks/Industrial Properties                   $343
Security                             ($2,409)
Environmental Grants/Other                 $ 164
Total                              ($3,125)
23

Seaport Division Key Variances
Expense Detail ($'s in Thousands)
Q2 YTD Expenses          Variance to Budget
Better (Worse)
Outside Services                       $3,983
Security Expenses                     $2,778
T30/T91 Project Exp Component              $525
Environmental Reserve                  $1,688
Corporate/CDD                     $1,232
Maintenance                        $251
All Other                                $361
Total Expense                     $10,818
24

Seaport Business Groups
NOI Before Depreciation ($'s in Millions)
Q2 YTD    Variance to Budget
Actual NOI     Better (Worse)
Containers               $19.1          $3.4
Container Support Props        $ .3           ($ .3)
Cruise                   $1.8           $1.2
Grain                   $2.2          ($ .1)
Docks/Indust Props           $2.8          $ 1.1
Security                   $( .6)           $ .4
Envir Grants/ Reserve         $ .4            $1.9
Total Seaport             $25.9          $7.7
25

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

$55.9  $100.4  $44.5   56%   $126.7


26

Real Estate Division
Performance Report
2nd Quarter 2009

August 11, 2009

Real Estate Business Goals
Provide Compelling Value and Asset Utilization
Occupancy Rates: Commercial property at 95%
occupancy, at target of 95% and above 2009 Q2
Seattle market average of 85%.
FT/Marina Occupancy: Fishermen's Terminal
exceeded the first half occupancy target. Harbor
Island Marina at target. Shilshole Bay Marina,
Bell Harbor, and Maritime Industrial Center
below targets.
2009 Q2 Performance Report
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.
2009 Q2 Performance Report
29

Real Estate Division Full Year Forecast
In $ Thousands         2008    2009    2009    2009 Bud Var
Actual  Forecast  Budget    $ %
Operating Revenue          34,875   30,381   30,961    (580)   -2%
Environmental Grants             1     150     150      0    0%
Total Revenue              34,877   30,531   31,111    (580)   -2%
Direct Expenses             36,375   30,599   31,821    1,222    4%
Environmental Reserve          604    1,125    1,125      0    0%
Allocations                  1,840    1,732    2,445     713    29%
Total Expense              38,819   33,456   35,391    1,934    5%
Net Operating Income (NOI)    (3,943)   (2,925)   (4,279)   1,354   32%
NOI Excl Envir Grants/Reserve  (3,340)   (1,950)   (3,304)   1,354   41%


30

Real Estate Division Q2 YTD Operating Results
In $ Thousands        2008 YTD 2009 YTD 2009 YTD   2009 Bud Var
Actual   Actual  Budget    $ %
Operating Revenue          17,040   15,353   15,361     (8)   0%
Environmental Grants             0       0      38     (38)  -100%
Total Revenue              17,040   15,353   15,399     (45)    0%
Direct Expenses             14,454   13,126   15,898    2,772   17%
Environmental Reserve            0       0     563     563   100%
Allocations                    620      915    1,250     335    27%
Total Expense              15,074   14,041   17,710    3,669   21%
Net Operating Income (NOI)    1,966    1,312   (2,312)   3,624  157%
NOI Excl Envir Grants/Reserve   1,966    1,312   (1,787)   3,099   173%


31

Real Estate Division Q2 Key Variances
Revenue Detail ($'s in Thousands)
2009 Year to Date               Variance to Budget
Business Unit                  Better (Worse)
Recreational Boating                        ($86)
Fishing & Commercial                        $5
Commercial Properties                      ($19)
Third Party Management                     $95
RE Development & Planning                  $108
Eastside Rail                             ($125)
Facilities/Maintenance/Envir                    ($23)
Total                                  ($45)
32

Real Estate Division Q2 Key Variances
Expense Detail ($'s in Thousands)
2009 Year to Date                  Variance to Budget
Expense                     Better (Worse)
Third Party Management                        $308
Outside Services                              $734
Corporate /CDD                           $1,269
Maintenance Expense                        $556
Environmental Reserve                         $563
All Other                                       $239
Total Expense                            $3,669


33

Real Estate Business Groups
NOI Before Depreciation ($'s in Thousands)
Q2 YTD    Variance to Budget
Actual NOI      Better (Worse)
Recreational Boating           $1,177           $533
Fishing & Commercial          ($657)          $547
Commercial & Third Party        $1,001          $1,813
RE Development & Planning      ($137)          $70
Eastside Rail                 ($72)            $136
Environmental Reserve          $0            $525
Total Real Estate             $1,312          $3,624

2009 Q2 Performance Report                                  34

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

$100.8  $105.2  $4.4   96%   $116.3


2009 Q2 Performance Report                                  35

Capital Development Division
Performance Report
Second Quarter
August 11, 2009

Capital Development Division
YTD Business Events
Rental Car facility construction restarted. Slowdown impacted workload and
staff assignments
Aviation Investment Committee approved three Infrastructure projects.
PCS participated in three round table discussions with OSR on small
business utilization.
PCS direct costs thru Q2 $4.1 million compared to $5.2 m this time in 2008.
Uncertainty of capital projects workload and hiring freeze resulted in using
more consultant time for greater cost and impact on overhead ratio.
4 CPO-1 classes in Q2. Total of 13 sessions with over 350 attendees.
4 Service Agreement Evaluation Criteria classes scheduled for Q3.
T91 Cruise Terminal completed successfully. First vessel in April.
T30 Container Terminal Redevelopment complete. First vessel due Aug 7.
T115 Berth 1 work received permits. Will advertise for bids Q3.
37

Capital Development Division
Key Indicators
Construction Soft Costs: 19.1% of total project costs 2004 thru
2009 to date. (Goal: no more than 25%)
Cost Growth during Construction: 3 projects closed in 2009 to date
averaged 5.5% total cost growth. (Goal: no more than 8%)
Schedule: Projects on or ahead of schedule  30, Projects delayed
40. (Goal: no more than 10% schedule growth.)
Small Business Participation: SB participation 7.9% for major
construction and 19.6% for PCS. (Goal: >8% and 30%)
Customer Score Card: Not available
Environmental: Not available
Safety: PCS incident rate 9.31, major contracts 0.8. (Goal: rate <6)
Performance Review Timeliness: 62.5% by 4 weeks. (Goal : 98%)
38

Capital Development Division
Operating Results and Forecast

Corporate Professional &
Technical Services
Performance Report
Second Quarter
August 11, 2009

Corporate Operating Results
2008 YTD  2009 YTD    2009 Bud Var.   Year-End Projections
In $ Thousands         Actual  Actual Budget   $ % Budget Forecast  Var.
Total Revenues         313   514      724  (210)    -29.0%  1,470   1,417   (53)
Executive              876   715      803    89 11.0%   1,540   1,449   92
Commission           477   422     472   50 10.6%   867      844   22
Legal               1,230   975     1,372   397    28.9%  2,703   2,637   67
Risk Services           1,413  1,253  1,430   177    12.4%   2,861   2,833   28
Health & Safety           525   468      503    35  6.9%    985       947   38
Public Affairs            1,815  1,587  2,240   653    29.2%   4,270   3,565   705
External Affairs            518    612      654    42  6.4%   1,347   1,229   118
Eco & Trade Dev          559   660     1,072   412    38.4%   2,099   1,638   462
HR&D            1,927  1,740 2,114  374   17.7%  4,165  3,926  238
Labor Relations          313   319      362    42 11.7%    731      593   138
ICT                 5,407  7,722  9,860  2,138 21.7%  19,658  18,404  1,253
Finance & Budget         781   719      889   170    19.1%   1,719   1,482   236
A&FR            2,956  2,928 3,328  400   12.0%  6,541  6,331  210
Internal Audit             318    460      575   115    20.0%   1,211   1,073   138
OSR             341  531    842  311   37.0%  1,647  1,397  249
Regional Transportation     176   208      251    43 17.2%    498       461   37
Police                9,149  8,299 10,186      1,887 18.5%  19,979  18,312  1,666
Contingency           1,371   313     375   62 16.5%   750      750   - 
Total Expenses        30,154      29,930 37,327      7,397  19.8%  73,572  67,873  5,699

41

Corporate Highlights
Implemented the $16.5 million Port-wide
Expense Savings Plan and Furlough Program
Attended the West Coast Port Executive's
meetings in California and Washington, DC.
Began the Modified Zero-Base Budgeting
process for 2010 budget.
Completed several important ICT projects:
Aviation Dashboard, Internal Control Software, Microsoft
Office 2007 Upgrade, Common Use Terminal
Replacement and IP Telephony
42

Corporate Indicators
Completed and presented a number of internal
audits to the Audit Committee
Sea-Air School Programs reached 5,969 folks
Occupational injury rate reduced from 6.06 to 4.7%
93% completed the health assessment in the
Wellness Incentive Program
Received several distinguished awards:
- Certificate of Achievement for Excellence in Financial Reporting
- Award of Financial Reporting Achievement
- Distinguished Budget Presentation Award
43