December 31, 2013August 1, 2026

Comprehensive annual financial report: As of December 31, 2013 and 2012, and for the years ended December 31, 2013, 2012 and 2011

This is the Port of Seattle's Comprehensive Annual Financial Report covering financial data as of December 31, 2013 and 2012, and for the fiscal years ended December 31, 2013, 2012, and 2011. Prepared by the Port's Accounting and Financial Reporting Department, the report provides a detailed overview of the Port's financial position and performance, encompassing operations at Seattle-Tacoma International Airport and other Port facilities in Washington State.

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The Comprehensive Annual Financial Report (CAFR) for the Port of Seattle covers financial data as of December 31, 2013 and 2012, and for the years ended December 31, 2013, 2012, and 2011. It was prepared by the Port of Seattle’s Accounting and Financial Reporting Department. The report serves as the official financial accounting document for the Port of Seattle, a public entity in Washington State.

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As the source for federal transportation grants, the Puget Sound Regional Council was charged with developing a system to meet the growing need for commercial aviation. When the search for a second airport failed, they authorized the Port of Seattle to build the Third Runway, with a mandate to develop a noise abatement and mitigation program. In their effort to stop the Third Runway, the ACC argued over every detail of the Port's efforts--including property buyouts and sound insulation. The dispute was meant to be settled by a three member Expert Arbitration Panel. This is their final report. It finds 2-1, that the Port's program was insufficient in several respects. Despite that, funding for the Third Runway was approved by the PSRC, and the 'Port Package' program, proceeded largely unchanged. Expert Arbitration Panel's final decision finding that the Port of Seattle had not shown sufficient reduction in real on-the-ground noise impacts to satisfy noise reduction conditions required for approval of a third runway at Sea-Tac International Airport. The majority decision concluded the Port's noise abatement programs were insufficient despite being impressive in scope.

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