2020 Budget Combined

The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to Port of Seattle, Washington, for its Annual Budget for the fiscal year beginning January 1, 2019. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as a financial plan, as an operations guide, and as a communications device. This award is valid for a period of one year. We believe our current budget continues to conform to program requirements, and we are submitting it to the GFOA to determine its eligibility for another award. Port of Seattle" DATE: October 18, 2019 TO: Port Commission FROM: Stephen P. Metruck, Executive Director :>P� SUBJECT: Port of Seattle Preliminary 2020 Budget am pleased to submit the Port's 2020 Budget, which identifies the plans, programs and resources needed to respond to the unprecedented growth in our business gateways as well as advance key initiatives focused on operational efficiency, environmental sustainability, community engagement, economic development and equity, diversity and inclusion. The 2020 budget is aligned with the Port's Century Agenda strategies, our 2020 goals and is fiscally responsible. My approach in preparing the budget was to use a "zero-base" mindset to reduce unnecessary spending, use greater discipline in developing realistic spending plans, identify potential cost savings along with new budget requests and incorporate a staff vacancy factor to reduce budget variances that we typically experience due to routine personnel turnover freeing up funds…
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