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Port of Seattle Audit Meeting Mar 28, 2024

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2024-03-28
Port Of Seattle Commission Audit Committee meeting agenda and minutes – March 28, 2024

Minutes and agenda from the Port of Seattle Commission Audit Committee meetings held in December 2023 and March 2024, covering internal and external audit updates including financial statement audits, construction audit services, payment card industry security assessments, and contract compliance reviews. The documents detail presentations from auditors at Moss Adams, R.L. Townsend & Associates, and the Washington State Auditor's Office, along with internal audit reports on topics such as the Concourse A building expansion and a limited contract compliance audit of Pallino SeaTac, LLC. These records do not address Sea-Tac Airport noise policy and are primarily focused on financial oversight and accountability auditing for Port of Seattle operations.

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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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