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2012-13 Adopted Budget

THE PORT OF PORTLAND 2012-13 BUDGET

TABLE OF CONTENTS

BUDGET SUMMARY ............................................................................................................................................................................................. 1 EXECUTIVE DIRECTOR’S MESSAGE ............................................................................................................................................................. 2 BUDGET OVERVIEW ....................................................................................................................................................................................... 4 PORT OF PORTLAND COMMISSION ............................................................................................................................................................ 10 A LOOK AT THE PORT OF PORTLAND ........................................................................................................................................................ 11 SUMMARY OF OPERATING BUDGET BY DIVISION .................................................................................................................................... 14 5-YEAR FORECAST BY PROGRAM .............................................................................................................................................................. 15 HOW TO TRACE PORT DOLLARS ................................................................................................................................................................ 16 SUMMARY OF RESOURCES AND REQUIREMENTS BY FUND ................................................................................................................. 18 SUMMARY HIGHLIGHTS (BUDGET BASIS) ................................................................................................................................................. 20 FUND APPROPRIATIONS .............................................................................................................................................................................. 22

GENERAL PORT OPERATIONS ........................................................................................................................................................................ 24

GENERAL FUND ................................................................................................................................................................................................. 25 RESOURCES – GENERAL FUND .................................................................................................................................................................. 26 REQUIREMENTS – GENERAL FUND ............................................................................................................................................................ 28 MARINE AND INDUSTRIAL DEVELOPMENT ............................................................................................................................................... 30

REQUIREMENTS SUMMARY – MARINE AND INDUSTRIAL DEVELOPMENT ...................................................................................... 33 PERSONNEL SERVICES – MARINE AND INDUSTRIAL DEVELOPMENT ............................................................................................. 34 MATERIALS AND SERVICES/REIMBURSEMENTS – MARINE AND INDUSTRIAL DEVELOPMENT .................................................... 36

GENERAL AVIATION ..................................................................................................................................................................................... 38 REQUIREMENTS SUMMARY – GENERAL AVIATION ............................................................................................................................. 40 PERSONNEL SERVICES – GENERAL AVIATION .................................................................................................................................... 41 MATERIALS AND SERVICES/REIMBURSEMENTS – GENERAL AVIATION .......................................................................................... 42

DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY ............................................................................................................. 44 REQUIREMENTS SUMMARY – DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY .................................................... 50 PERSONNEL SERVICES – DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY ........................................................... 51 MATERIALS AND SERVICES/REIMBURSEMENTS – ENGINEERING .................................................................................................... 52 MATERIALS AND SERVICES/REIMBURSEMENTS – DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY.................. 53

NAVIGATION .................................................................................................................................................................................................. 54 REQUIREMENTS SUMMARY – NAVIGATION ......................................................................................................................................... 55 PERSONNEL SERVICES – NAVIGATION ................................................................................................................................................ 56 MATERIALS AND SERVICES/REIMBURSEMENTS – NAVIGATION ....................................................................................................... 57

CORPORATE ADMINISTRATION .................................................................................................................................................................. 58 REQUIREMENTS SUMMARY – CORPORATE ADMINISTRATION ......................................................................................................... 59 PERSONNEL SERVICES – CORPORATE ADMINISTRATION ................................................................................................................ 60 MATERIALS AND SERVICES/REIMBURSEMENTS – CORPORATE ADMINISTRATION ...................................................................... 62

BOND CONSTRUCTION FUND .......................................................................................................................................................................... 64 RESOURCES AND REQUIREMENTS – BOND CONSTRUCTION FUND ............................................................................................... 65 CAPITAL OUTLAY SUMMARY BY PROJECT – BOND CONSTRUCTION FUND ................................................................................... 66

AVIATION ............................................................................................................................................................................................................. 70

AIRPORT REVENUE FUND ................................................................................................................................................................................ 72 RESOURCES – AVIATION ............................................................................................................................................................................. 73 REQUIREMENTS SUMMARY – AVIATION .................................................................................................................................................... 75 PERSONNEL SERVICES – AVIATION ........................................................................................................................................................... 76 MATERIALS AND SERVICES/REIMBURSEMENTS – AVIATION ................................................................................................................. 77

AIRPORT CONSTRUCTION FUND ..................................................................................................................................................................... 78

THE PORT OF PORTLAND 2012-13 BUDGET

TABLE OF CONTENTS

RESOURCES AND REQUIREMENTS – AIRPORT CONSTRUCTION FUND ............................................................................................... 79 CAPITAL OUTLAY SUMMARY BY PROJECT – AIRPORT CONSTRUCTION FUND ................................................................................... 80

PASSENGER FACILITY CHARGE (PFC) FUND................................................................................................................................................. 86 RESOURCES AND REQUIREMENTS – PFC FUND ...................................................................................................................................... 87

AIRPORT REVENUE BOND FUND ..................................................................................................................................................................... 88 RESOURCES AND REQUIREMENTS – AIRPORT REVENUE BOND FUND ............................................................................................... 89 DEBT SERVICE REQUIREMENTS – AIRPORT REVENUE BOND FUND .................................................................................................... 90

PFC BOND FUND ................................................................................................................................................................................................. 92 RESOURCES AND REQUIREMENTS – PFC BOND FUND .......................................................................................................................... 93 PFC BOND FUND DEBT SERVICE REQUIREMENTS – PFC BOND FUND ................................................................................................. 93

APPENDIX ............................................................................................................................................................................................................ 95 PROPERTY TAX LEVY AND COLLECTION ESTIMATES ............................................................................................................................. 96 OTHER PAYROLL EXPENSE ESTIMATES .................................................................................................................................................... 97 PERSONNEL SERVICES BUDGET GRADE COMPARISON BY POSITION ................................................................................................. 98 PERSONNEL SERVICES BUDGET GRADE COMPARISON BY POSITION ................................................................................................. 99 PERSONNEL SERVICES BUDGET GRADE COMPARISON BY POSITION ............................................................................................... 100 INTERFUND TRANSFERS ............................................................................................................................................................................ 102 STATEMENT OF INDEBTEDNESS (PORT OF PORTLAND OBLIGATION) ................................................................................................ 104 STATEMENT OF INDEBTEDNESS (INDUSTRIAL DEVELOPMENT REVENUE BOND) ............................................................................ 105 PERSONNEL SERVICES SUMMARY ........................................................................................................................................................... 106 RISK MANAGEMENT INSURANCE PLAN .................................................................................................................................................... 108

GLOSSARY OF TERMS ..................................................................................................................................................................................... 110

Port of Portland 1 2012-13 Adopted Budget

BUDGET SUMMARY


EXECUTIVE DIRECTOR’S MESSAGE

As a public agency that garners 96 percent of its revenues from business transactions the Port of Portland is keenly focused on the needs of our customers as well as the bottom line. This budget reflects that commitment. In examining past results and forecasting future performance we have developed a budget that judiciously allocates vital resources to ensure local shippers and businesses remain competitive in a global market place, that passengers can get where they want to go efficiently and cost-effectively and that our region has the capacity to grow jobs.

As outlined elsewhere in this document, Port of Portland business results continued to improve in 2011 with increases in passenger and air cargo volumes as well as the third best tonnage year for our marine cargo operations.

The Port also remained focused on the performance and expansion of our real estate portfolio with Phase II development now underway at our Troutdale Reynolds Industrial Park and the acquisition of 222 acres in Gresham. This region’s ability to attract, retain and grow business here depends largely on having an adequate supply of industrial land and the Port is perfectly positioned, as a patient developer, to help address that need. It is a need we are also trying to fill through the annexation of West Hayden Island and a plan to preserve 300 acres of the 800 acre property for marine industrial development while committing the balance to habitat and recreational uses.

The Port’s mission, to enhance the region’s economy and quality of life by providing efficient cargo and air passenger access to national and international markets, clearly states the Port’s important role as an economic engine for our state and region. According to our recently released 2011 economic impact analysis, the Port generated 26,598 jobs, $1.74 billion in wages, salaries and consumption impacts, and nearly $164 million in state and local taxes in 2011. The analysis also showed that the Port generated about $4.6 billion in annual business revenue or about four percent of the Portland-Vancouver gross regional product.

One factor that does not show up in all of these the numbers is our strong commitment to the environment. In 2011 the Port celebrated LEED platinum certification for the headquarters building and we began purchasing 100 percent of our power from renewable resources. We also joined a consortium exploring aviation biofuel development and received two LEAF electric vehicles for our fleet. In addition, we continue to work with public and private sector representatives on the most responsible solution for the clean-up of the Portland Harbor Superfund site.


As we move forward we will continue pursuing the services our market needs, we will address every challenge and pursue each opportunity with our public mission as our guide and we will be ever watchful of our environmental footprint. These efforts will be accomplished through the hard work of our talented staff. I have recently reorganized my management team to ensure that the focus is clear and goals are shared, so that we can continue to provide the highest standards of customer service, environmental stewardship, and civic engagement.

As always, it is an honor for all of us at the Port of Portland to serve our community, our state and our region.

Bill Wyatt

Executive Director


BUDGET OVERVIEW

The budget for Fiscal Year 2012-13 (FY 2013) allocates resources to improve the long term competitive position of the Port of Portland (Port) and to assist the Port in promoting the economic health of the region. The budget is developed annually to help meet our mission and achieve our strategic goals and objectives while preserving and building upon the Port’s financial stability and viability.

We are encouraged by the economic progress and the improvements in our business lines over the past year. Reflecting on these improvements, as well as the completion of several large projects, we are cautiously optimistic about the year ahead.

Aviation

Travel at Portland International Airport (PDX) has been steadily recovering. An estimated 13.9 and 14.3 million passengers are expected to travel through PDX in FY 2012 and FY 2013 respectively. While these levels are still below the peak of 15 million in FY 2008, it’s nearly three and six percent higher (respectively) than the 13.5 million passengers in FY 2011. We are encouraged by the new and expanded air service provided by our airline business partners including new service by Asiana Cargo Airlines, Spirit Airlines, and beginning June 5, by Virgin America, as well as expanded service by Alaska Air Group, jetBlue, Frontier, and Southwest.

In addition, several large multi-year projects were completed this past year including:

Adoption by the City of Portland and the Port of Portland Commission of Airport Futures – the integrated, long range development plan for PDX and its surroundings

Completion of the in-line baggage screening system

Rehabilitation of the airport’s 11,000-foot south runway

Completion of the deicing system enhancements

With these large projects behind us, we are well positioned to meet the region’s air transportation needs now and into the future. As the economy continues to improve, leisure and business travelers will continue to provide a strong base for improving air service and keeping PDX one of the best airports in the world.

Marine

Activity in the Marine Division has also improved. Despite the natural disasters in Japan and Thailand resulting lower auto imports, the Port handled 13.4 million tons of cargo in calendar year 2011 (the third highest tonnage on record), representing a two percent increase over calendar year 2010. An increase in grain exports contributed to the record tonnage as well as an increase in container volume. Calendar year


2011 container volume reached 200,000 twenty-foot equivalent units (TEU’s) and is forecast to increase approximately five percent to 210,000 TEU’s for FY 2013. In March 2012, container service between the Pacific Northwest and the Mediterranean expanded with the incorporation of Hamburg Süd vessels in the Hapag-Lloyd service. The addition of Hamburg Süd vessels not only provides additional capacity, but it also provides access to new ports overseas via direct and feeder connections. The FY 2013 forecasts for our other marine business lines (autos, breakbulk, mineral bulks, and grain) are for moderate growth as well.

February 2012 marked the first year of operation by our business partner International Container Terminal Services, Inc. (ICTSI Oregon, Inc.) of our container and breakbulk facilities at Terminal 6. Transferring the operation of these facilities to ICTSI Oregon provides stabilization of our marine operating revenues and provides the potential to grow the container franchise in Portland through ICTSI’s global connections and presence. ICTSI Oregon’s parent company, ICTSI, Inc, headquartered in the Philippines, is a leader in global port operation and management. The transition from operator to landlord leverages the specialized expertise and international reach of one of the largest independent stevedoring and terminal operating companies in the world and will expand access for regional exporters to ports worldwide and continue to position Portland as an international cargo gateway.

Industrial Land Development

In October 2011, in support of the Port’s Strategic Plan and being a regional leader in industrial land acquisition and development, the Port purchased 222 acres in Gresham from LSI Logic Corp for development. In partnership with the City of Gresham, development of this site (Gresham Vista Business Park) is expected to attract strategic investment and job creation. At completion, the park will include a total of eleven lots and is estimated to generate 2,768 direct jobs. There was immediate interest in this site following the Port’s acquisition, and in March 2012, Port Commissioners approved the sale of the first parcel for a large medical facility. The sale is expected to close in early FY 2013 with a second land sale anticipated to occur later in FY 2013.

In addition to the development planned at Gresham Vista, the FY 2013 budget also includes the beginning of phase two development at the Troutdale Reynolds Industrial Park (TRIP). Phase two will develop nine lots on the 180-acre site. TRIP is home to the FedEx regional distribution hub and its $129 million, 441,000 square foot facility that supports approximately 800 jobs. Once completed, the three phase, multiyear development is expected to yield an estimated 3,500 new jobs. The Port is currently working with several parties interested in TRIP parcels, and to that end, the FY 2013 budget anticipates a land sale in the TRIP industrial park.

The Port has a proven track record with established expertise in development and management of industrial and business parks. As a public developer, we are able to acquire and plan for strategic industrial development, working with our regional partners on infrastructure needs and recruitment while reinvesting revenue from the sale of properties to advance similar projects that grow Oregon’s jobs and tax base. We look forward to continuing to help the region meet its industrial land needs, while at the same time enhancing the region’s employment and economic development and quality of life.


While cautiously optimistic about the future, we continue to maintain a keen awareness of the relentless challenges in managing through the slow recovery, including volatile fuel prices for our customers and business partners in the transportation industry, as well as other regional, national, and global economic forces. Our focus continues to be on quality, performance, and customer service. The businesses we serve are becoming more complex and price sensitive. Our customers have choices and we will continue to work to build their trust and satisfaction with our services and infrastructure. Our goal is that all customers, whether they are passengers, airlines, shippers, tenants, policy makers or stakeholders, view the Port as an agency that is efficient, innovative, responsibly managed, provides value, plays a significant role in our region’s economic health and merits continued support and patronage.


Budget Volume Assumptions

PDX

FY 2011 Actual

FY 2012 Adopted Budget

FY 2013 Forecast

FY 2013 Forecast

vs. FY 2012 Adopted

Total Passengers (in millions)

13.5

13.8 14.3 3.6%

Landed Weight (lbs in millions)

9.1 9.3 9.3 0.0%

Marine

FY 2011 Actual


FY 2013 Forecast

FY 2013 Forecast

vs. FY 2012 Adopted

Containers* (TEU)

193,335 193,948

210,000

8.3%

Autos (Units)

242,753 232,000 250,000 7.8%

Breakbulk** (Short Tons)

688,690

146,015

165,300

13.2%

Grain Bulk (Short Tons)

4,704,415 4,187,000 4,187,000 0.0%

Mineral Bulk (Short Tons)

5,705,977 5,209,374 4,986,550 -4.3%

* FY 2013 Forecast is part of ICTSI lease. Forecast is provided as reference; the Port and ICTSI are working collaboratively to expand container service in the continuing effort to meet the region’s shipping needs.

** FY 2011 actual includes Evraz-OSM Steel activity. As of the FY 2012 budget, Evraz-OSM Steel is part of the ICTSI leasehold.


Capital Investments

The Port’s total capital expenditure program for FY 2013 (including staff time), is estimated at $142.4 million. Approximately $107.1 million is for improvements at PDX (Airport Construction Fund), while $35.3 million is targeted for the Port’s General Fund (Bond Construction Fund – the capital program for Marine and Industrial Development, General Aviation, Navigation, and Administrative divisions).

Major capital expenditures for PDX include:

$19.8 million for pavement rehabilitation - Air Trans Center/South Cargo facilities

$15.2 million for taxiway C west & east rehabilitation

$ 5.2 million for taxiway E south and exits rehabilitation

$ 4.7 million for airfield de-icing system enhancements

$ 4.0 million for in-line bag screening system improvements

$ 3.9 million for north apron rehabilitation

$ 3.0 million for terminal carpet replacement

$ 2.7 million for taxiway F south rehabilitation

Major capital expenditures for the Port’s General Fund include:

$ 6.3 million to repower the dredge Oregon

$ 2.0 million for runway 2-20 relocation and taxiway B extension at Hillsboro Airport

$ 2.0 million for completion of the South Rivergate rail expansion – phase 1

$ 1.7 million Portland Bulk Terminal 5 expansion

$ 1.5 million for phase II improvements at TRIP (Troutdale Reynolds Industrial Park)

$ 1.0 million for constructing runway 12L30R at Hillsboro Airport

Operating Projections

Marine operating revenues for FY 2013 are budgeted to decrease approximately 1.2 percent, or $360 thousand from the FY 2012 Adopted Budget, due largely to lower reimbursement revenue from the ICTSI lease of Terminal 6 and reduced rail wheelage revenues as the Slough Bridge requirements were paid off in February 2012. The land sales budgeted for FY 2013 are projected to increase from $5.9 million to $12.5 million, and are based on the potential sale of parcels in the Troutdale Reynolds Industrial Park and Gresham Vista Business Park.

The General Fund FY 2013 operating expenditures (Personnel Services and Materials and Services) are budgeted to increase approximately 2.8 percent, or $2.4 million from the FY 2012 Adopted Budget.


General and Bond Construction Fund balances need to be prudently managed to ensure our strategic goals and objectives are met and to preserve and build upon the financial stability and viability of the Port. Adequate resources need to be maintained in order to provide for continued operations, long term capital expenditures anticipated for Marine and rail infrastructure, and to meet the Port’s obligations related to the clean-up of the Portland Harbor in the Willamette River.

PDX operating revenues (including airline, rental car, parking, and concession revenues) for FY 2013 are budgeted to increase approximately 2.7 percent, or $5.0 million, from the FY 2012 Adopted Budget. Operating expenditures (Personnel Services and Materials and Services) for FY 2013 are budgeted to increase 9.5 percent, or $7.3 million, from the FY 2012 Adopted Budget.

Total Port FTEs (Full Time Equivalents – a measure of workforce size) are budgeted to increase slightly from the FY 2012 Adopted Budget of 782.0 to 786.6 in FY 2013.

Accounting Basis

This Budget document illustrates the expected financial performance of the Port of Portland for the coming fiscal year. In conformance with Oregon Revised Statutes, the Budget shows operations of the Port on a fund basis (Resources and Requirements). All Port Funds are budgeted for on an accrual basis except for certain expenses including some environmental expenses which are budgeted on a working capital basis.

The Port maintains, and continuously seeks to improve, a system of financial controls and processes which are in place to ensure the public of informed decision-making and fiscal accountability.

Cynthia A. Nichol

Chief Financial Officer and Budget Officer


PORT OF PORTLAND COMMISSION

Port of Portland Commissioners are appointed by the Governor of the State of Oregon and serve a four-year term.

Judi Johansen President

Steve Corey Secretary

Paul A. Rosenbaum Treasurer

Diana Daggett Secretary

Peter Bragdon Commissioner

Jim Carter Commissioner

Bruce A. Holte Commissioner

Tom Chamberlain Commissioner

Vacant Commissioner

PORT OF PORTLAND SENIOR MANAGEMENT

The Port’s senior management structure is shown below. Working in concert with, and under the policy direction of, the Board of Commissioners, the Port is a unique blend of government and private enterprise.

Executive Director Bill Wyatt

General Counsel Carla Kelley

Chief Operating Officer Vince Granato

Chief Commercial Officer Sam Ruda

Executive Assistant Pam Thompson

Human Resources Director

Gail Woodworth

Public Affairs Director

Tom Imeson

Development Services and Information Technology

Director Stan Watters

Financial and Administrative Services Director and CFO

Cindy Nichol


A LOOK AT THE PORT OF PORTLAND

Located in Portland, Oregon, the Port of Portland is the bridge that connects Oregon to the world. The Port manages marine and airport facilities that link to intermodal transportation systems connecting relatively isolated local markets with each other, the nation, and beyond.

History

The Port of Portland was created by the Oregon Legislature in 1891 to dredge a shipping channel from Portland 100 miles to the sea. Today, the Port is charged with promoting aviation, maritime, commercial and industrial interests within Clackamas, Multnomah, and Washington counties (including the City of Portland). The scope of Port services extends beyond this immediate metropolitan area to include farmers and other industries from inland regions of the Northwest. The Port is directed by a nine-member commission, whose members are appointed by the Governor of the State of Oregon and confirmed by the Oregon Senate.

The Port’s location at the confluence of two navigable rivers, two transcontinental railroads, and two interstate freeways has been a factor in the development of facilities and the commodities we ship. Portland’s population size and economic history have dictated our export dominance in trade. It has also influenced the development of distribution facilities that serve markets beyond our geographic boundaries.

Facilities and Services

The Port owns four marine terminals, Oregon’s primary commercial airport, two general aviation airports (Hillsboro and Troutdale), and oversees six industrial/business parks. The Port also owns and operates the dredge OREGON to help maintain the shipping channel on the lower Columbia River.

Operating an award-winning, world-class airport allows cargo and passenger air carriers and a host of vendors to be successful in their businesses, and in turn, millions of passengers and tons of air cargo have ready access to destinations around the globe. Streamlined marine terminals and prime industrial properties offer shippers, ocean carriers and about 1,000 area businesses an opportunity to compete in international markets.

The Port plays a major role in the region’s economy. Based on the calendar year 2011 data, the Port’s economic impact model estimates that:

More than 26,000 jobs, $1.7 billion in wages, salaries, and consumption impacts, and nearly $164 million in state and local taxes were generated by activities at the Port’s marine and aviation facilities.

More than $4.5 billion of business revenue was received by firms providing goods and services to support the activities at the marine terminals and airports.


The Port generates more than $6 in tax revenue for every $1 it collects in property taxes.

Visitor industry impacts at Portland International add an additional 36,000 jobs, nearly $600 million in personal income, and $1.8 billion in business revenue.

The Port’s industrial and business parks are home to more than 300 firms, which generate 31,000 jobs and $138 million in state and local tax revenue across the region.


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SUMMARY OF OPERATING BUDGET BY DIVISION

Summary of Operating Revenues, Personal Services and Material & Services Expenditures (1) by Division(Total Port, not divided by Fund structure)

Operating Re ve nues

Personal Se rvice s

Longs hore Labor

Contracts & Prof. Svcs .

M aterials & Supplies Utilitie s

Equip Re nts , Repair &

Fue l InsuranceM anagem e nt

& Trave l Othe r (4)

Total Operating

Expenditure s

Operating DivisionsPDX 186,356,876$ 40,730,103$ 0$ 30,296,142$ 3,853,938$ 7,735,252$ 1,526,802$ 1,927,629$ 1,225,130$ (2,757,883)$ 84,537,112$ General Aviation 3,175,923 912,731 0 467,765 64,850 207,550 130,100 45,673 16,900 159,470 2,005,039Marine & Industrial Development 46,554,426 12,692,051 2,296,868 6,269,623 784,369 1,152,872 376,600 687,675 1,328,782 1,182,506 26,771,347Navigation 12,372,353 5,191,977 0 762,892 942,768 49,115 2,179,150 512,526 40,450 103,400 9,782,277

Subtotal: Ope rating Divis ions 248,459,578$ 59,526,862$ 2,296,868$ 37,796,422$ 5,645,925$ 9,144,789$ 4,212,652$ 3,173,502$ 2,611,262$ (1,312,507)$ 123,095,775$

Corporate AdministrationExecutive Administration 0 844,197 0 8,300 500 1,700 0 256,552 151,000 0 1,262,250Environmental A f fairs 0 457,555 0 429,000 1,000 0 0 0 53,000 200 940,755Public Af fairs 0 4,087,299 0 849,120 11,800 0 0 0 518,400 16,000 5,482,619Human Resources 0 2,001,679 0 1,054,460 8,560 0 0 0 193,677 417,650 3,676,026Legal 0 2,226,855 0 115,000 5,100 8,100 250 0 68,500 1,000 2,424,805Financial & Administrative Services (2) 183,000 6,611,201 0 999,063 50,535 5,114 15,485 664 175,498 2,347,467 10,205,028

Subtotal: Corporate Adm inis tration 183,000$ 16,228,786$ 0$ 3,454,943$ 77,495$ 14,914$ 15,735$ 257,216$ 1,160,076$ 2,782,317$ 23,991,482$

Development Services & Information TechnologyEngineering 0 9,096,695 0 245,600 19,100 1,000 11,000 0 120,662 1,035,688 10,529,745Information Technology 0 5,699,502 0 1,147,592 234,515 250,820 351,100 0 101,457 1,221,037 9,006,023Developmental Services Administration 0 725,095 0 113,000 2,500 0 0 0 74,000 0 914,595

0$ 15,521,292$ 0$ 1,506,192$ 256,115$ 251,820$ 362,100$ 0$ 296,119$ 2,256,725$ 20,450,364$

Subtotal 248,642,578$ 91,276,940$ 2,296,868$ 42,757,558$ 5,979,535$ 9,411,523$ 4,590,487$ 3,430,718$ 4,067,457$ 3,726,535$ 167,537,621$

Other DivisionsOther Environmental (3) 0 0 0 5,064,969 0 0 0 0 0 0 5,064,969

Subtotal: Othe r Divis ions 0$ 0$ 0$ 5,064,969$ 0$ 0$ 0$ 0$ 0$ 0$ 5,064,969$

Total 248,642,578$ 91,276,940$ 2,296,868$ 47,822,527$ 5,979,535$ 9,411,523$ 4,590,487$ 3,430,718$ 4,067,457$ 3,726,535$ 172,602,590$

(1) Expenditures exclude interdepartmental transfers, allocated support services, capitalized costs, depreciation and costs of property sold.(2) Revenue w ithin Financial & Administrative Services is primarily derived f rom contributions f rom other local governments partic ipating in the Port's DBE/Mentor program and operating grants.(3) "Other Environmental" includes costs w hich are not directly attributable to specif ic Port facilities or w hich pertain to discontinued operations.(4) "Other" expenses include rent, sof tw are and hardw are, PDX drainage fees and post-retirement benef its.

Subtotal: De ve lopm ent Services & Inform ation Technology

M ate rials & Se rvice s


5-YEAR FORECAST BY PROGRAM

Fiscal Year Ending June 30

Values

DIV-LOB Summary LOB 2011-12 Projected

2012-13 Budget

2013-14 Forecast

2014-15 Forecast

2015-16 Forecast

2016-17 Forecast

HIO - Hillsboro Airport 7,261,419 4,255,447 24,913,070 5,412,218 10,975,285 29,131,028TTD - Troutdale Airport 28,536 962,697 9,152,759 1,175,169 6,570,648 3,307,494AVI - Aviation TER - Terminals 23,152,677 25,119,776 11,471,450 17,176,657 31,812,033 18,918,498

AIR - Airfield 43,417,597 32,106,111 45,037,916 26,847,598 39,801,617 32,718,144GTO - Ground Transportation 9,901,806 10,451,495 3,437,385 6,870,996 9,373,463 19,051,531CAR - Cargo 10,717,502 23,903,365 7,421,073 3,721,948 3,417,785 7,845,292OTH - Other Aviation 742,011 5,111,656 1,748,626 737,482 2,509,289 2,311,605NON - Non-Aviation 633,967 250,000 3,210,000 635,000 750,000 0MAI - Maintenance 1,680,558 1,725,064 2,450,000 1,027,678 1,369,298 1,936,008SYS - Systems 5,498,810 6,435,000 6,544,911 6,007,659 42,247 2,061,643ARF - Rescue 475,213 315,000 2,310,000 20,000 665,988 88,750POL - Police 819,477 1,233,000 2,366,000 10,943,000 307,000 1,091,500ENV - Environmental 241,200 230,300 1,446,100 389,600 557,500 1,091,800AAD - Aviation Administration 1,740,000 125,000 0 63,000 0 0ZZZ - Unassigned 32,000 48,000 0 0 0 0

AVI - Aviation Total 99,052,818 107,053,767 87,443,461 74,440,618 90,606,220 87,114,771MAR - Marine ENV - Environmental 5,000 375,000 0 0 0 0

AUT - Autos 0 0 480,000 383,000 0 0BRB - Break Bulk 773,000 2,000,000 3,876,300 1,350,000 500,000 500,000CNT - Containers 8,949,055 2,713,260 2,283,520 2,518,609 1,535,230 771,332GRB - Grain Bulk 42,596 0 0 0 0 0MIN - Mineral Bulk 1,625,756 1,700,000 1,400,000 550,000 3,800,000 3,300,000MOV - Marine Support 9,778,513 200,000 17,650,000 4,650,000 3,500,000 0PRP - Property Management 8,666,049 2,125,000 10,813,450 2,916,900 4,818,651 1,000,000ZZZ - Unassigned 634,015 2,525,000 5,270,000 2,925,000 790,000 0

MAR - Marine Total 30,473,984 11,638,260 41,773,270 15,293,509 14,943,881 5,571,332ENG - Engineering ZZZ - Unassigned 3,869 0 0 0 0 0

ENG - Engineering Total 3,869 0 0 0 0 0NAV - Navigation 10,092,677 9,168,927 9,998,764 4,630,000 2,650,000 2,750,000PND - Industrial Development 29,279,119 4,052,138 3,432,157 22,919,435 14,302,801 765,858FNA - Finance & Admin 5,153,155 5,250,000 2,350,000 1,575,000 825,000 1,175,000

Grand Total 181,345,577 142,381,236 179,063,481 125,445,949 140,873,835 129,815,483


HOW TO TRACE PORT DOLLARS


SUMMARY OF RESOURCES AND REQUIREMENTS BY FUND

BUDGET 2012-13 * TOTAL AIRPORT

ALL FUNDS GENERAL REVENUE

RESOURCES

BEGINNING BALANCE 285,575,146$ $149,594,021 $35,000,000

OPERAT ING REVENUE 248,642,578$ 62,285,702 186,356,876

GRANT S/INT EREST INCOM E/OT HER 56,726,708$ 1,606,640 532,840

T AXES 9,536,804$ 9,536,804 0

BOND AND OT HER DEBT PROCEEDS 65,600,000$ 15,000,000 0

SUBTOTAL-RESOURCES 666,081,236$ $238,023,166 $221,889,716

TRANSFER FROM OTHER FUNDS 172,442,099 38,517,532 3,292,000

TOTAL RESOURCES 838,523,335$ $276,540,698 $225,181,716

REQUIREM ENTS FTE's

OPERATING EXPENDITURES

M ARINE & INDUST RIAL DEVELOPM ENT 109.8 26,771,347$ $26,771,347 $0

GENERAL AVIAT ION 8.0 2,005,039 $2,005,039 0

DEVELOPM ENT SERVICES & INFO T ECH 130.6 20,450,364 $20,450,364 0

NAVIGAT ION 41.9 9,782,277 $9,782,277 0

CORPORAT E ADM INIST RAT ION 134.1 23,991,482 $23,991,482 0

COM M ERCIAL AVIAT ION 362.2 84,537,112 0 84,537,112

SUBTOTAL-OPERATING EXPENDITURES 786.6 167,537,621$ $83,000,509 $84,537,112

CAPITAL EXPENDITURES

M ARINE & INDUST RIAL DEVELOPM ENT 15,690,398$ $0 $0

GENERAL AVIAT ION 5,218,144 0 0

NAVIGAT ION 9,168,927 0 0

CORPORAT E ADM INIST RAT ION 5,250,000 0 0

COM M ERCIAL AVIAT ION 107,053,767 0 0

CAPIT ALIZED LABOR (15,079,029) 0 0

SUBTOTAL-CAPITAL EXPENDITURES 127,302,207$ $0 $0

T RANSFER T O OT HER FUNDS $172,442,099 $26,104,851 $105,639,604

OT HER ENVIRONM ENT AL 5,064,969 5,064,969 0

OT HER 610,000 5,000 5,000

DEBT SERVICE PAYM ENT S 80,720,576 9,825,469 0

CONT INGENCY 243,818,983 152,539,900 35,000,000

UNAPPROPRIAT ED BALANCE 41,026,880 0 0

TOTAL REQUIREM ENTS 838,523,335$ $276,540,698 $225,181,716

* IN C LU DES ON LY AC TIVE FU N DS

OPERATING FUNDS


SUMMARY OF RESOURCES AND REQUIREMENTS BY FUND

BOND AIRPORT PFC AIRPORT PFC BOND

CONS TRUCTION CONS TRUCTION FUND REVENUE BOND FUND

$10,000,000 $26,004,555 $28,349,690 $21,154,313 $15,472,567

0 0 0 0 0

11,104,868 15,860,280 27,560,480 26,040 35,560

0 0 0 0 0

0 46,200,000 0 4,400,000 0

$21,104,868 $88,064,835 $55,910,170 $25,580,353 $15,508,127

24,222,601 35,576,460 0 54,414,892 16,418,615

$45,327,469 $123,641,295 $55,910,170 $79,995,245 $31,926,742

$0 $0 $0 $0 $0

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0

$0 $0 $0 $0 $0

$15,690,398 $0 $0 $0 $0

5,218,144 0 0 0 0

9,168,927 0 0 0 0

5,250,000 0 0 0 0

0 107,053,767 0 0 0

(6,126,698) (8,952,331) 0 0 0

$29,200,771 $98,101,436 $0 $0 $0

$6,126,698 $11,152,331 $23,418,615 $0 $0

0 0 0 0 0

0 0 600,000 0 0

0 0 0 54,440,932 16,454,175

10,000,000 14,387,528 31,891,555 0 0

0 0 0 25,554,313 15,472,567

$45,327,469 $123,641,295 $55,910,170 $79,995,245 $31,926,742

DEBT S ERVICE FUNDSCONS TRUCTION FUNDS


SUMMARY HIGHLIGHTS (BUDGET BASIS)

ADOPTED PROPOSED APPROVED ADOPTED

SUMMARY OF RESOURCES - ALL FUNDS ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET PERCENT

2009-10 2010-11 2011-12 2012-13 2012-13 2012-13 CHANGE

BEGIN N IN G BALAN C E 352,580,444$ 262,117,302$ 366,978,762$ 285,575,146$ 285,575,146$ 285,575,146$ (22% )OPERATIN G REVEN U E 230,159,718 238,910,384 236,800,450 248,668,968 248,642,578 248,642,578 5%GRAN TS/IN TEREST IN C OM E/OTH ER 116,096,716 91,908,729 87,919,098 71,726,708 71,726,708 71,726,708 (18% )TAXES 9,071,386 9,305,134 9,311,375 9,536,804 9,536,804 9,536,804 2%BON D AN D OTH ER DEBT PROC EEDS 0 82,104,362 143,000,000 50,600,000 50,600,000 50,600,000 (65% )

SUBTOTAL 707,908,264$ 684,345,911$ 844,009,685$ 666,107,626$ 666,081,236$ 666,081,236$ (21%)

TRAN SFERS 164,692,934 116,767,676 302,738,801 172,228,830 172,442,099 172,442,099 (43% )

TOTAL RESOURCES 872,601,197$ 801,113,587$ 1,146,748,485$ 838,336,456$ 838,523,335$ 838,523,335$ (27%)

SUMMARY OF REQUIREMENTS - ALL FUNDS

EXPENDITURES GEN ERAL FU N D 92,068,990$ 89,825,862$ 81,527,829$ 83,635,509$ 83,000,509$ 83,000,509$ 3% AIRPORT REVEN U E FU N D 70,670,328 73,473,970 77,159,244 84,778,112 84,537,112 84,537,112 10% BON D C ON STRU C TION FU N D 28,344,479 14,879,067 59,928,968 29,201,534 29,200,771 29,200,771 (51% ) AIRPORT C ON STRU C TION FU N D 179,041,894 107,989,159 95,318,404 98,102,198 98,101,436 98,101,436 3%

SUBTOTAL 370,125,691$ 286,168,058$ 313,934,445$ 295,717,354$ 294,839,828$ 294,839,828$ (6%)

TRAN SFERS 164,692,934$ 116,767,676$ 302,738,801$ 172,228,830$ 172,442,099$ 172,442,099$ (43% )SYSTEM DEVEL C H ARGES / OTH ER 4,765,540 1,059,896 100,705,000 610,000 610,000 610,000 (99% )OTH ER EN VIRON M EN TAL 3,540,882 6,176,223 4,217,693 5,064,969 5,064,969 5,064,969 20%DEBT SERVIC E PAYM EN TS 60,501,830 65,378,236 88,584,724 70,895,107 70,895,107 70,895,107 (20% )LON G - TERM DEBT PAYM EN TS 6,857,018 7,295,415 8,804,000 9,825,469 9,825,469 9,825,469 12%C ON TIN GEN C Y 0 0 268,125,358 242,967,848 243,818,983 243,818,983 (9% )U N APPROPRIATED BALAN C E 262,117,302 318,268,084 59,638,465 41,026,880 41,026,880 41,026,880 (31% )

TOTAL REQUIREM ENTS 872,601,197$ 801,113,587$ 1,146,748,485$ 838,336,456$ 838,523,335$ 838,523,335$ (27%)

PERC EN T C H AN GE compares PROPOSED BU DGET 2012-13 to ADOPTED BU DGET 2011-12

FY 2012-13 SUMM ARY OF OPERATING AND CAPITAL REQUIREM ENTS BY FUND:

OPERATING CAPITAL

PROPOS ED BUDGET 2012-13 EX PENDITURES EX PENDITURES TOTAL

GEN ERAL FU N D 83,635,509$ 0 83,635,509$

AIRPORT REVEN U E FU N D 84,778,112 0 84,778,112

BON D C ON STRU C TION FU N D 0 29,201,534 29,201,534

AIRPORT C ON STRU C TION FU N D 0 98,102,198 98,102,198

TOTAL PORT 168,413,622$ 127,303,732$ 295,717,354$


SUMMARY HIGHLIGHTS (BUDGET BASIS)


OPERATING CONTRIBUTIONS ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET

BY DIVISION 2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

M ARIN E & IN DU STRIAL DEVELOPM EN T 2,472,787$ 11,410,595$ 13,400,920$ 19,133,079$ 19,783,079$ 19,783,079$

N AVIGATION 2,538,414 1,682,469 2,051,839 2,590,076 2,590,076 2,590,076

C OM M ERC IAL AVIATION 95,190,542 99,537,523 104,231,298 101,605,154 101,819,764 101,819,764

GEN ERAL AVIATION 670,768 1,152,309 1,192,318 1,170,884 1,170,884 1,170,884

ADM IN ISTRATION (OPERATIN G REVEN U ES ON LY) 251,610 227,836 170,000 183,000 183,000 183,000

ADM IN ISTRATION (OPERATIN G EXPEN DITU RES ON LY) (33,703,721) (38,400,180) (42,932,999) (44,426,846) (44,441,846) (44,441,846)

TOTAL 67,420,400$ 75,610,552$ 78,113,376$ 80,255,346$ 81,104,957$ 81,104,957$

OPERATIN G C ON TRIBU TION IS OPERATIN G REVEN U ES M IN U S OPERATIN G EXPEN DITU RES.


ADMINISTRATION OPERATING EXPENDITURES ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET

BY DIVISION 2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

EN GIN EERIN G 8,481,475$ 9,905,165$ 10,125,622$ 10,529,745$ 10,529,745$ 10,529,745$

DEVELOPM EN T SERVIC ES & IN FORM ATION TEC H N OLOGY 6,575,645 8,471,250 9,586,259 9,920,618$ 9,920,618$ 9,920,618$

C ORPORATE ADM IN ISTRATION 18,646,601 20,023,765 23,221,118 23,976,482 23,991,482 23,991,482

TOTAL ADMINISTRATION 33,703,721$ 38,400,180$ 42,932,999$ 44,426,846$ 44,441,846$ 44,441,846$


FUND APPROPRIATIONS


ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET

RESOURCES & REQUIREMENTS 2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

OPERATING FUNDS

GENERAL FUND 256,386,214$ 274,276,538$ 258,993,732$ 276,505,669$ 276,540,698$ 276,540,698$

AIRPORT REVENUE FUND 189,853,815 197,879,339 319,358,487 225,209,539 225,181,716 225,181,716

SUBTOTAL OPERATING FUNDS 446,240,030$ 472,155,876$ 578,352,219$ 501,715,208$ 501,722,414$ 501,722,414$

CONSTRUCTION FUNDS

BOND CONST RUCT ION FUND 50,877,911$ 32,817,444$ 75,192,369$ 45,327,469$ 45,327,469$ 45,327,469$

PFC FUND 62,383,176$ 35,112,241 165,791,146 55,910,170 55,910,170 55,910,170

AIRPORT CONST RUCT ION FUND 225,523,870$ 164,824,612 179,189,563 123,461,622 123,641,295 123,641,295

SUBTOTAL CONSTRUCTION FUNDS 338,784,957$ 232,754,296$ 420,173,078$ 224,699,261$ 224,878,934$ 224,878,934$

PORT DEBT SERVICE FUNDS

AIRPORT REVENUE BOND FUND 66,133,218$ 74,734,744$ 84,921,059$ 79,995,245$ 79,995,245$ 79,995,245$

PFC BOND FUND 21,442,993 21,468,671 63,302,130 31,926,742 31,926,742 31,926,742

SUBTOTAL DEBT SERVICE FUNDS 87,576,211$ 96,203,415$ 148,223,189$ 111,921,987$ 111,921,987$ 111,921,987$

TOTAL* 872,601,197$ 801,113,587$ 1,146,748,485$ 838,336,456$ 838,523,335$ 838,523,335$

* RESOU RC ES = REQU IREM EN TS

FOR AC C OU N TIN G PU RPOSES, ALL PORT FU N DS ARE AC C OU N TED FOR ON AN AC C RU AL BASIS. FOR

BU DGETARY PU RPOSES, ALL PORT FU N DS ARE BU DGETED ON AN AC C RU AL BASIS, EXC EPT SOM E

EN VIRON M EN TAL EXPEN SES.


GENERAL PORT OPERATIONS

From a financial perspective, the Budget document reflects two primary divisions, General Port Operations and Aviation. The distinction is a financial one rather than operational, but it serves to help explain the Port’s Budget and financial information.

General Port Operations include the following: Marine & Industrial Development, Navigation, Development Services and Information Technology, and the Administrative Divisions. The primary resources for General Port Operations are from Marine & Industrial Development operating revenues, property sales and leases, and the Port’s property tax levy.

Aviation is comprised of Portland International Airport (PDX) and two General Aviation reliever airports located at Hillsboro and Troutdale. The General Aviation reliever system is included in the Port’s General Fund.

PDX resources cannot be commingled with any other resources of the Port, and are restricted for use at Aviation facilities in accordance with FAA regulations and Airport Revenue Bond Ordinances. PDX resources can be used to fund the General Aviation reliever system in certain circumstances and a transfer of resources is made from the Airport Revenue Fund to the Port’s Bond Construction Fund for that purpose.


GENERAL FUND

The General Fund is used to account for the general operations of the Port. Subject to the restrictions of local budget law, its assets may be transferred to another fund for any authorized Port purpose.

The following summary shows the principal resources and requirements for the General Fund. It also includes information on specific Port operations as well as a property tax levy used for Port improvements. The Port manages all General Fund activities as a portfolio designed to fulfill the Port’s mission while balancing financial resources and requirements.

While the Port’s General Aviation airports are part of the General Fund, from a financial perspective, the Airport Revenue Fund subsidizes General Aviation activities that are not funded through General Aviation operations or FAA grants. This funding is accomplished by a transfer from the Airport Revenue Fund to the Bond Construction Fund.

The General Fund summary is followed by specific information on Marine & Industrial Development, General Aviation, Development Services and Information Technology, Navigation, and Corporate Administration. Capital requirements for these areas are shown in the Bond Construction Fund.

General Fund Revenues are primarily generated in the Marine & Industrial Development Division. The forecast for General Fund operating revenue is based on assumptions of transactions closing as well as the timing of those transactions; changes in either set of assumptions can have a material impact on the actual financial results accomplished.


RESOURCES – GENERAL FUND



RESOURCES & REQUIREM ENTS 2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

RESOURCES

BEGINNING WORKING CAPITAL 136,677,167$ 149,945,858$ 155,184,862$ 149,594,021$ 149,594,021$ 149,594,021$

OPERATING REVENUE

GENERAL AVIATION

OPERATING REVENUE 931,048$ 972,506$ 1,007,004$ 1,035,768$ 1,035,768$ 1,035,768$

SERVICE REVENUE 29,538 30,028 32,560 18,460 18,460 18,460

RENTAL & CONCESSIONS/OTHER REVENUE 2,164,597 2,282,283 2,181,152 2,121,695 2,121,695 2,121,695

TOTAL GENERAL AVIATION 3,125,184$ 3,284,817$ 3,220,716$ 3,175,923$ 3,175,923$ 3,175,923$

M ARINE & INDUSTRIAL DEVELOPM ENT

OPERATING REVENUE 9,400,209$ 12,308,058$ 11,467,800$ 11,505,689$ 11,505,689$ 11,505,689$

SERVICE REVENUE 1,761,347 2,486,685 156,528 172,644 172,644 172,644

CONTAINER REVENUE 24,958,917 17,858,753 0 0 0 0

RENTAL & CONCESSIONS 11,863,210 19,182,921 22,745,344 22,031,055 22,031,055 22,031,055

LAND SALE PROCEEDS 0 973,835 5,920,000 12,473,370 12,473,370 12,473,370

OTHER REVENUE 111,455 (14,366) 316,524 371,668 371,668 371,668

48,095,137$ 52,795,885$ 40,606,196$ 46,554,426$ 46,554,426$ 46,554,426$

NAVIGATION

OPERATING REVENUE 13,311,810$ 9,892,505$ 11,412,996$ 12,372,353$ 12,372,353$ 12,372,353$

OTHER REVENUE (484,893) (302,152) 0 0 0 0

12,826,917$ 9,590,353$ 11,412,996$ 12,372,353$ 12,372,353$ 12,372,353$

CORPORATE ADM INISTRATION

RENTAL INCOME 0$ 0$ 0$ 0$ 0$ 0$

REVENUE BOND FEES 0 0 0 0 0 0

OTHER REVENUE 251,610 227,836 170,000 183,000 183,000 183,000

TOTAL ADM INISTRATION 251,610$ 227,836$ 170,000$ 183,000$ 183,000$ 183,000$

TOTAL OPERATING REVENUE 64,298,848$ 65,898,891$ 55,409,908$ 62,285,702$ 62,285,702$ 62,285,702$

TOTAL M ARINE &

INDUSTRIAL DEVELOPM ENT

TOTAL NAVIGATION


RESOURCES – GENERAL FUND (CONT’D)




RESOURCES (CONTINUED)

OTHER RESOURCES

FIXED ASSET SALES/OTHER 149,997$ 7,402,803$ 0$ 0$ 0$ 0$

INTEREST ON INVESTMENTS 3,583,058 2,679,039 1,419,500 1,606,640 1,606,640 1,606,640

BONDS AND OTHER DEBT PROCEEDS 10,787,413 3,881,702 0 15,000,000 15,000,000 15,000,000

FEDERAL/STATE GRANTS/OTHER 0 0 0 0 0 0

TOTAL OTHER 14,520,468$ 13,963,544$ 1,419,500$ 16,606,640$ 16,606,640$ 16,606,640$

INTERFUND REIMBURSEMENTS-FROM

AIRPORT REVENUE FUND 17,139,906$ 19,576,546$ 22,012,523$ 21,966,414$ 21,999,918$ 21,999,918$

BOND CONSTRUCTION FUND 3,194,575 3,893,904 5,230,201 6,090,190 6,090,952 6,090,952

AIRPORT CONSTRUCTION FUND 7,883,841 8,301,560 7,577,027 7,577,564 7,578,327 7,578,327

TOTAL INTERFUND REIMBURSEMENTS 28,218,322$ 31,772,010$ 34,819,752$ 35,634,168$ 35,669,197$ 35,669,197$

CASH TRANSFERS FROM OTHER FUNDS:

AIRPORT REVENUE FUND 3,600,023$ 3,391,101$ 2,848,335$ 2,848,335$ 2,848,335$ 2,848,335$

TOTAL CASH TRANSFERS FROM OTHER FUNDS 3,600,023$ 3,391,101$ 2,848,335$ 2,848,335$ 2,848,335$ 2,848,335$

TAXES

TAXES WITHIN PERMANENT RATE LIMIT 0$ 0$ 9,311,375$ 9,536,804$ 9,536,804$ 9,536,804$

PROPERTY TAXES 9,036,318 9,272,062 0 0 0 0

INTEREST ON TAXES 35,068 33,072 0 0 0 0

TOTAL TAXES 9,071,386 9,305,134$ 9,311,375$ 9,536,804$ 9,536,804$ 9,536,804$

TOTAL RESOURCES 256,386,214$ 274,276,538$ 258,993,732$ 276,505,669$ 276,540,698$ 276,540,698$


REQUIREMENTS – GENERAL FUND


ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

REQUIREMENTS

EXPENDITURES BY DIVISION

MARINE & INDUSTRIAL DEVELOPMENT 45,622,350$ 41,385,290$ 27,205,276$ 27,421,347$ 26,771,347$ 26,771,347$

GENERAL AVIATION 2,454,416 2,132,508 2,028,398 2,005,039 2,005,039 2,005,039

NAVIGATION 10,288,503 7,907,883 9,361,157 9,782,277 9,782,277 9,782,277

ENGINEERING 8,481,475 9,905,165 10,125,622 10,529,745 10,529,745 10,529,745

DEVELOPMENT SERVICES & INFO TECH 6,575,645 8,471,250 9,586,259 9,920,618 9,920,618 9,920,618

CORPORATE ADMINISTRATION 18,646,601 20,023,765 23,221,118 23,976,482 23,991,482 23,991,482

OPERATING EXPENDITURES 92,068,990$ 89,825,862$ 81,527,829$ 83,635,509$ 83,000,509$ 83,000,509$

INTERFUND REIM BURSEM ENTS-TO

AIRPORT REVENUE FUND 171,377$ 173,549$ 168,580$ 96,889$ 96,889$ 96,889$

TOTAL INTERFUND REIMBURS EMENTS 171,377$ 173,549$ 168,580$ 96,889$ 96,889$ 96,889$

OPERATI NG EXPENDI TURES & REIMBURS EMENTS 92,240,367$ 89,999,411$ 81,696,409$ 83,732,399$ 83,097,399$ 83,097,399$

OTHER REQUIREM ENTS

OTHER ENVIRONMENTAL 3,540,882$ 6,176,223$ 4,217,693$ 5,064,969$ 5,064,969$ 5,064,969$

LONG-TERM DEBT PAYMENTS (1) 6,857,018 7,295,415 8,804,000 9,825,469 9,825,469 9,825,469

SYSTEM DEVEL CHARGES / OTHER 3,504,604 8,800 5,000 5,000 5,000 5,000

TOTAL OTHER REQUIREM ENTS 13,902,504$ 13,480,437$ 13,026,693$ 14,895,438$ 14,895,438$ 14,895,438$

CASH TRANSFERS TO OTHER FUNDS

BOND CONSTRUCTION FUND 0$ 0$ 35,577,529$ 24,222,601$ 24,222,601$ 24,222,601$

AIRPORT REVENUE FUND 297,485 117,581 5,903,315 1,786,794 1,785,361 1,785,361

T OT AL CASH T RANSFERS T O OT HER FUNDS 297,485$ 117,581$ 41,480,845$ 26,009,395$ 26,007,962$ 26,007,962$

TOTAL OTHER REQ & CAS H TRANS FERS 14,199,989$ 13,598,018$ 54,507,538$ 40,904,833$ 40,903,400$ 40,903,400$

CONTINGENCY 0$ 0$ 122,789,785$ 151,868,438$ 152,539,900$ 152,539,900$

ENDING FUND BALANCE 149,945,858 170,679,108

TOTAL REQUIREMENTS 256,386,214$ 274,276,538$ 258,993,732$ 276,505,669$ 276,540,698$ 276,540,698$

(1) LONG -TERM DEBT PAYM ENTS

CITY OF PORTLAND L.I.D. 1,027,927$ 852,252$ 850,000$ 828,702$ 828,702$ 828,702$

CONNECT OREGON 200,000 200,000 943,000 940,000 940,000 940,000

STATE OF OREGON NOTES: OBDD 34,239 248,516 752,000 798,696 798,696 798,696

LIMITED TAX PENSION BONDS 5,546,378 5,790,490 5,779,000 5,778,071 5,778,071 5,778,071

FUTURE LOAN 0 0 0 1,000,000 1,000,000 1,000,000

CAPITAL LEASES 48,473 204,156 480,000 480,000 480,000 480,000

TOTAL LONG-TERM DEBT PAYM ENTS 6,857,018$ 7,295,415$ 8,804,000$ 9,825,469$ 9,825,469$ 9,825,469$


MARINE AND INDUSTRIAL DEVELOPMENT

The Port owns four marine terminals handling a diverse mix of cargo, including grain, mineral bulk, liquid bulk, automobiles, project cargo, breakbulk cargo, and containers. All four terminals are in close proximity to major rail, highway, and inland barge connections, offering world-class intermodal transportation flexibility.

In May of 2010, the Port entered into a 25-year lease with International Container Terminal Services, Inc. (ICTSI Oregon, Inc.) for the operation of the 200-acre container facility at Terminal 6. The lease includes the intermodal yard and the slab-steel bulk operation. In February of 2012, ICTSI marked the 1st anniversary of operations at Terminal 6.

The Port’s goal is to maximize its marine facility footprint with the highest and best use in support of the Port’s cargo mission. In doing so, the Port seeks to establish long-term customer relationships with business partners that are committed to environmental stewardship and focused on the protection and viability of the surrounding waterways.

At present, all major marine customers of the Port are under long-term lease agreements.

The Port is also the largest developer of industrial property in the Portland metropolitan area. Within its 10,000 acres of property holdings, the Port oversees six business and industrial parks: Rivergate Industrial District, Portland International Center, Swan Island Industrial Park, which includes Mocks Landing and Port Center, Troutdale Reynolds Industrial Park, and Brookwood Corporate Park. The most recent property acquisition was the 221 acre LSI Inc. site in Gresham, Oregon. This acquisition closed in November of 2011 and will be developed as the Gresham Vista Business Park.

Business Plan Initiatives

MarineMarketingandOperations

Work collaboratively with ICTSI Oregon, Inc. to increase Terminal 6 container throughput by expanding service from current direct-call Portland carriers and by attracting service from new carriers serving specific routes Areas of focus include increased transpacific import and export capacity as well as new liner services offering connections to Taiwan, South East Asia and West Asia and North-South routes.

Work with existing bulk and auto tenants to increase volumes through active planning in long-term facility design and efficient rail access.

Develop new business at Terminal 2/Terminal 4 focused on project cargos, liquid bulks, and dry bulks.

Working with business stakeholders and up-river interests, develop and/or facilitate the development of near-dock and off-dock container transload facilities in support of international import and export cargo.


RealEstate

Continue to market Port real estate assets in the Rivergate Industrial District, Swan Island Industrial Park, Portland International Center, Troutdale Reynolds Industrial Park (TRIP) and Gresham Vista Business Park with a focus on attracting traded sector businesses

Manage property transactions in support of Aviation and Marine operations.

Work with Metro, Portland Development Commission, Greater Portland Inc, Business Oregon, and public and private partners to create alignment around an economic development plan that identifies priority industrial sites of significance for manufacturing, transportation, and trade-related uses.

Advocate for public resources, including regulatory tools, in order to stimulate brownfield redevelopment projects.

Identify and, as appropriate, acquire strategic industrial property in support of the region’s traded sector economy.

InfrastructureDevelopment

As the Oregon non-Federal sponsor to the U.S. Army Corps of Engineers, participate in the management and maintenance of the 43-foot Columbia River navigation channel.

Maintain marine terminal berths to their authorized depths.

Complete a series of Terminal 6 infrastructure projects related to seismic upgrades, crane rail improvements and gantry crane rehabilitation.

Complete the final stage of construction for the second lead track and a new rail yard to facilitate dual unit train movement between North and South Rivergate.

Continue to work with the Oregon Department of Transportation and the City of Troutdale on I-84 Interchange and TRIP-related road improvements.

Implement and complete an updated rail master plan that will identify and prioritize rail projects needed to serve the Port and the harbor area over the next 10- to 20-year time horizon.

FacilityandLandUsePlanning

Begin to implement the approved TRIP Phase II development plan and seek external funding opportunities for future infrastructure development.

Work collaboratively with the City of Portland’s Bureau of Planning and Sustainability and through participation on the West Hayden Island Advisory Committee initiative in support of City Council Resolution 36805. This Resolution calls for the Planning and Sustainability Bureau to present to City Council, by June of 2012, with a plan district concept that accommodates a 300-acre deep-water and rail-served marine facility with approximately 500 acres of nature-based recreation and natural habitat management set-aside.


Marine Volume Assumptions

FY 2011 Actual


FY 2013 Forecast

FY 2013 Forecast

vs. FY 2012 Adopted

Containers* (TEU)

193,335 193,948

210,000

8.3%

Autos (Units)

242,753 232,000 250,000 7.8%

Breakbulk** (Short Tons)

688,690

146,015

165,300

13.2%

Grain Bulk (Short Tons)

4,704,415 4,187,000 4,187,000 0.0%

Mineral Bulk (Short Tons)

5,705,977 5,209,374 4,986,550 -4.3%

* FY 2013 Forecast is part of ICTSI lease. Forecast is provided as reference; the Port and ICTSI are working collaboratively to expand container service in the continuing effort to meet the region’s shipping needs.

** FY 2011 actual includes Evraz-OSM Steel activity. As of the FY 2012 budget, Evraz-OSM Steel is part of the ICTSI leasehold.


REQUIREMENTS SUMMARY – MARINE AND INDUSTRIAL DEVELOPMENT


FUND: GENERAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

REQUIREM ENTS SUM M ARY:

PERSONAL SERVICES 10,358,159$ 10,902,683$ 12,207,199$ 12,692,051$ 12,692,051$ 12,692,051$

M AT ERIALS AND SERVICES 35,264,190 30,482,607 14,998,077$ 14,729,296 14,079,296 14,079,296


INT ERFUND REIM BURSEM ENT S 76,282$ 68,630$ 70,000$ 70,000$ 70,000$ 70,000$

OPERATING EXPENDITURES &

REIM BURSEM ENTS 45,698,632$ 41,453,920$ 27,275,276$ 27,491,347$ 26,841,347$ 26,841,347$


PERSONNEL SERVICES – MARINE AND INDUSTRIAL DEVELOPMENT

PERSONNEL SERVICES done 3/3/10 done 3/3/10FULL TIME FULL TIME

EQUIV ADOPTED EQUIV ADOPTEDPOSITION ACTUAL ACTUAL POSITIONS BUDGET POSITIONS BUDGET

GRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

MARINE

80-82 ADMINISTRATION 1,371,676$ 1,422,235$ 15.0 1,494,806$ 13.0 1,375,205$ 75-79 # ADMIN PROFESSIONAL/TECH 1,027,402 1,088,990 12.8 997,484 14.8 1,184,124 71-74 ADMIN SUPPORT STAFF 131,421 115,703 3.0 137,381 3.0 134,838

-- # INTERNS - - - - - - -- # BOILERMAKERS/MACHINIST 127,361 118,919 2.0 141,266 2.0 146,069 -- # CARPENTERS 126,387 126,186 2.0 135,126 2.0 139,727 -- # ELECTRICAL FOREMAN 238,105 236,782 3.0 242,771 3.0 250,768 -- # ELECTRICIANS 652,553 702,048 10.0 752,378 12.0 929,978 -- # LABORERS 365,065 315,181 5.7 354,569 5.7 366,825 -- # OPERATING ENGINEERS 17,041 7,427 0.7 42,750 0.7 44,244 -- # PAINTERS 65,765 46,026 1.0 68,373 1.0 70,635 -- # PLUMBERS 268,299 196,973 3.7 262,716 3.7 271,775 -- # SECURITY 1,250,017 1,267,778 26.0 1,459,700 26.0 1,408,996

SUBTOTAL MARINE 5,641,090$ 5,644,248$ 84.8 6,089,320$ 86.8 6,323,184$

TOTAL OVERTIME 501,519 639,090 - 724,701 - 644,631 ACCRUED LABOR (281,090) 30,818 - 63,625 - 36,470 FRINGE BENEFITS 2,329,998 2,294,560 - 2,806,009 - 3,070,792

TOTAL MARINE 8,191,517$ 8,608,716$ 84.8 9,683,655$ 86.8 10,075,078$ 10,075,078$

INDUSTRIAL DEVELOPMENT

80-82 ADMINISTRATION 300,625$ 344,316$ 3.0 321,356$ 3.0 325,047$ 75-79 ADMIN PROFESSIONAL/TECH 667,880 664,194 9.0 763,971 9.0 768,208 71-74 ADMIN SUPPORT STAFF - - - - - -

-- # LANDSCAPE GARDENERS 310,293 309,392 6.0 317,092 6.0 328,237

SUBTOTAL INDUSTRIAL DEVELOPMENT 1,278,798$ 1,317,901$ 18.0 1,402,419$ 18.0 1,421,492$

TOTAL OVERTIME - - - 300 - 0 ACCRUED LABOR (59,927) 7,051 - 12,056 - 6,089 FRINGE BENEFITS 467,910 463,417 - 556,182 - 595,017

TOTAL INDUSTRIAL DEVELOPMENT 1,686,780$ 1,788,370$ 18.0 1,970,957$ 18.0 2,022,598$


PERSONNEL SERVICES – MARINE AND INDUSTRIAL DEVELOPMENT (CONT’D)

FULL TIME FULL TIMEEQUIV ADOPTED EQUIV ADOPTED

POSITION ACTUAL ACTUAL POSITIONS BUDGET POSITIONS BUDGETGRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

LAND USE PLANNING


-- # INTERNS - - - 3,778 - 17,000

SUBTOTAL LAND USE PLANNING 363,280$ 358,440$ 5.0 389,620$ 5.0 418,971$

TOTAL OVERTIME - - - - - - ACCRUED LABOR (17,443) 1,666 - 3,730 - 1,626 FRINGE BENEFITS 134,024 145,491 - 159,236 - 173,778

TOTAL LAND USE PLANNING 479,862$ 505,597$ 5.0 552,586$ 5.0 594,376$ 594,376$

SUBTOTAL MARINE & INDUSTRIAL DEV. 7,283,168$ 7,320,590$ 107.8 7,881,359$ 109.8 8,163,647$


TOTAL MARINE & INDUSTRIAL DEV. 10,358,159$ 10,902,683$ 107.8 12,207,199$ 109.8 12,692,051$


MATERIALS AND SERVICES/REIMBURSEMENTS – MARINE AND INDUSTRIAL DEVELOPMENT


FUND: GENERAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET

2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

MATERIALS AND SERVICES REQUIREMENTS

LONGSHORE LABOR 22,489,806$ 18,130,178$ 2,301,776$ 2,296,868$ 2,296,868$ 2,296,868$

CONT RACT & CONSULT ING SERVICES 5,442,598 5,379,155 7,521,237$ 6,919,623 6,269,623 6,269,623

MAT ERIALS AND SUPPLIES 1,803,580 1,534,833 1,259,995$ 784,369 784,369 784,369

UT ILIT IES 2,385,015 2,080,057 1,071,522$ 1,152,872 1,152,872 1,152,872

EQUIPMENT , FUEL AND LUBRICANT S 661,531 680,089 325,520$ 376,600 376,600 376,600

INSURANCE 1,230,826 831,925 692,087$ 687,675 687,675 687,675

MANAGEMENT & T RAVEL EXPENSES 623,945 726,386 764,802$ 1,328,782 1,328,782 1,328,782

MISCELLANEOUS EXPENSES* 626,889 1,119,983 1,061,137$ 1,182,506 1,182,506 1,182,506

TOTAL MATERIALS & SERVICES 35,264,190$ 30,482,607$ 14,998,077$ 14,729,296$ 14,079,296$ 14,079,296$

INTERFUND REIMBURSEMENTS


TOTAL INTERFUND REIMBURSEMENTS 76,282$ 68,630$ 70,000$ 70,000$ 70,000$ 70,000$

* IN C LU DES: REN T, EQU IPM EN T REPAIRS, PROPERTY TAXES, DRAIN AGE ASSESSM EN TS, SOFTWARE EXPEN SE, POSTAGE, BAD DEBTS,

DISC OU N TS, ETC .


GENERAL AVIATION

The role of the General Aviation airports is to function as a reliever system to the Portland International Airport (PDX). By serving the needs of corporate and private aircraft customers, the airports help preserve capacity for commercial operations at PDX. There are two airports owned by the Port of Portland: Hillsboro (HIO) and Troutdale (TTD).

Capital requirements shown in the Bond Construction Fund for the General Aviation airports are funded through a combination of earnings from General Aviation operations, FAA grants and transfers from the Airport Revenue Fund.

Business Plan Initiatives/Goals

Facilities

General Aviation will develop and maintain high quality airport facilities, while ensuring capacity for projected growth. Facility development programs will be based on the established Master Plans and will incorporate capacity preservation measures, adopted environmental policies, and sustainability goals as a guide for growth.

Initiatives include:

Construct Taxiway D at the Hillsboro Airport, in accordance with the Hillsboro Airport Master Plan Update, and the recent Environmental Assessment (EA).

Construct the Parallel Runway (12L/30R) at the Hillsboro Airport, in accordance with the Airport Master Plan Update and the recent Environmental Assessment Environmental(EA).

Financial

Work across a broad front to grow existing lease revenues, develop new revenue sources, control operational costs and update the rates & charges fee structure at Hillsboro and Troutdale airports.


Review, update and implement the rates & charges fee structure

Develop new lease revenue opportunities, while at the same time controlling our annual operating expenses


Environmental

Ensure General Aviation meets or exceeds all applicable federal, state, and local environmental regulations and carries forward its commitment to operate in an environmentally responsible and sustainable manner.


Mitigate for low-quality wetlands that are removed during the construction of the Hillsboro Parallel Runway. A cost-effective partnership with Oregon Department of Transportation (ODOT) and Jackson Bottom Wetland Preserve to create and enhance high-quality wetlands at Jackson Bottom has been developed and implemented.


REQUIREMENTS SUMMARY – GENERAL AVIATION



REQUIREMENTS SUMMARY:

PERSONAL SERVICES 784,623$ 715,821$ 863,507$ 912,731$ 912,731$ 912,731$

MAT ERIALS AND SERVICES 1,669,792 1,416,688 1,164,890 1,092,308 1,092,308 1,092,308


INT ERFUND REIM BURSEMENT S 95,095$ 104,919$ 98,580$ 22,662$ 22,662$ 22,662$


REIMBURSEMENTS 2,549,511$ 2,237,427$ 2,126,977$ 2,027,701$ 2,027,701$ 2,027,701$


PERSONNEL SERVICES – GENERAL AVIATION



GRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

GENERAL AVIATION


-- # INTERNS 28,707 2,439 - 31,200 - 33,280 -- # MAINTENANCE 245,393 194,321 4.0 251,730 4.0 260,623

SUBTOTAL GENERAL AVIATION 543,816$ 483,804$ 8.0 574,118$ 8.0 601,211$

TOTAL OVERTIME 27,757 28,024 - 30,400 - 30,675 ACCRUED LABOR (25,859) 3,004 - 5,807 - 3,210 FRINGE BENEFITS 238,909 200,988 - 253,182 - 277,635

TOTAL GENERAL AVIATION 784,623$ 715,821$ 8.0 863,507$ 8.0 912,731$


MATERIALS AND SERVICES/REIMBURSEMENTS – GENERAL AVIATION



2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

M ATERIALS AND SERVICES REQUIREM ENTS

CONT RACT & CONSULT ING SERVICES 967,588$ 562,907$ 438,987$ 467,765$ 467,765$ 467,765$

M AT ERIALS AND SUPPLIES 85,002 79,730 80,150 64,850 64,850 64,850

UT ILIT IES 305,700 289,928 283,750 207,550 207,550 207,550

EQUIPM ENT , FUEL AND LUBRICANT S 124,258 171,867 136,000 130,100 130,100 130,100

INSURANCE 34,653 136,857 52,379 45,673 45,673 45,673

M ANAGEM ENT & T RAVEL EXPENSES 12,851 11,886 19,600 16,900 16,900 16,900

M ISCELLANEOUS EXPENSES* 139,741 163,512 154,024 159,470 159,470 159,470

TOTAL M ATERIALS & SERVICES 1,669,792$ 1,416,688$ 1,164,890$ 1,092,308$ 1,092,308$ 1,092,308$

INTERFUND REIM BURSEM ENTS


TOTAL INTERFUND REIM BURSEM ENTS 95,095$ 104,919$ 98,580$ 22,662$ 22,662$ 22,662$

* IN C LU DES: REN T, EQU IPM EN T REPAIRS, PROPERTY TAXES, DRAIN AGE ASSESSM EN TS, SOFTWARE EXPEN SE,

POSTAGE, BAD DEBTS, DISC OU N TS, ETC .


DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY

Development Services and Information Technology are responsible for the Engineering, Information Technology, Development Services Administration and Navigation Divisions’ (see Navigation).

Engineering

The Engineering Division provides three major services to the Port capital construction program: project management, professional engineering design services, and construction contract management. In addition, the Engineering Division provides technical support for a physical asset base of about $1.5 billion.

No staffing changes are anticipated to accommodate the capital program. Maintaining stable in-house engineering resources will be important to our ability to meet varying Port and stakeholder needs. Ongoing evaluation of the need for staff resources versus contracted resources will occur to best meet the needs of the Port’s capital program.

IndustryOutlook

External factors that will significantly influence the division’s business environment and impact major programs include:

Trends in Aviation and Marine businesses continue to have a direct effect on the capital program. Emphasis on cost highlights the need to push for further improvements in project delivery, starting with project planning. Opening projects in a timely manner is essential to effective utilization of engineering staff resources.

Permitting and regulatory requirements will have an increasingly significant impact on schedules and cost of projects. In particular, projects requiring in-water permits can impose pressure on project schedules that are very difficult to manage given the complete control by regulatory agencies of the permitting process.

The concept of sustainability will continue to be incorporated into Port facility development design and construction as appropriate.

Construction costs which had decreased due to the soft economy may increase due the volatility of fuel and material costs. This volatility in cost has created a challenging cost management environment, especially when it comes to project budgeting early in the project development phase. As the activity in the construction industry increases and the general economy rebounds, prices for construction work will likely increase.

Emphasis on encouraging and developing a diverse and sustainable workforce will be incorporated into construction contracts. Strategies for increasing ESB participation will continue.

Portfolio management continues to develop as a mechanism by which projects are prioritized and sequenced to meet strategic plans, resource requirements and availability.


Asset preservation projects continue to be prominently represented within the portfolio. Maintaining existing assets to serve core mission objectives will remain a priority.

CapitalProgramAssumptions

Aviation:

Construction, commissioning and testing of the enhancements to the deicing system at PDX will be completed.

Construction of the PDX Baggage Explosion Detection System will be completed.

Construction of the third runway at Hillsboro will be restarted following resolution of FAA impact studies.

Construction of the PDX South Airfield rehabilitation project will be completed.

Several PDX apron and roadway pavement rehabilitation projects will be underway or completed.

Several Port facility roof rehabilitations will be underway or completed.

Design and bidding for 2013 airfield pavement rehabilitation projects will be completed and construction will be underway.

MarineandIndustrialDevelopment:

Planning of infrastructure improvements to Troutdale Industrial Park Phase II will be completed.

Gresham Vista Business Park will be through the master plan process and some site development may be underway

Navigation:

Design and the first phase of construction will be complete, as well as the engine and pump will be on order for the Dredge Oregon Repower project.

SeismicVulnerability&EmergencyPreparedness:

Seismic vulnerability assessment of Port facilities will be underway.

An emergency preparedness plan for engineering staff will be completed.

Training and certification of key engineering staff to assess facilities following a seismic event will be completed.


Information Technology

The Information Technology Division provides leadership and vision for the strategic application of information and related technologies to support and enhance the organization’s ability to achieve its mission.

Aviation and Marine technologies continue to be influenced by changing relationships and responsibilities. Airport common-use passenger processing technology, baggage handling system technology and flight information systems are particularly relevant to PDX in support of the airline lease agreement and as new air carriers initiate service at PDX. While no longer supporting Marine terminal operational systems, we continue to support security systems and expect changes in mandated requirements to drive implementation of new technologies. IT is in a position to leverage not only technologies but also services, skills, and experience that span the overall Port. Strong business partnerships in key industries and with internal stakeholders remain key success factors.

While total costs will not necessarily go down over time, clearly the business model for IT is changing along with core assumptions about what IT departments actually provide for an organization.

IndustryOutlook

Business relationships, public inclusion and intergovernmental cooperation are increasingly the external drivers for necessitating outside access to Port data. Rapid adoption of personal consumer-based technologies by a changing workforce has created expectations of mobile access to Port systems and data so that work can be accomplished more efficiently. Collectively, these drivers accelerate the need for the Port to design IT infrastructure that is more adaptable to these influences while providing appropriate security measures to protect sensitive data. The explosion of the tablet market and the “bring your own device (BYOD)” trend presents the need to balance mobility and access with security of Port information.

Software-as-a-Service (SaaS) and other versions of “cloud computing” are becoming more prevalent as viable options for the Port of Portland. A significant focus for FY13 is the evaluation of replacement options for aging software applications; any strategic approach for more comprehensive lifecycle management will include SaaS as an option. While the Port currently has several departmental applications that are SaaS solutions, these are limited in scope. It will be necessary to evaluate cloud computing as an option for core business applications, weighing not only costs but also data integration, access and data security implications.

The IT Department’s role in helping the Port be prepared to respond to changing expectations of the public, the workforce, customers and suppliers, is to ensure that the policies, practices and infrastructure are in place to ensure that the Port’s leadership has the options necessary to adequately respond to these pressures as they see fit.


ITObjectives

The Information Technology Division will continue to focus on its commitments regarding the Port’s FY13 business plans and support to capital projects sponsored by the lines of business.

The JDE software suite from Oracle will undergo a significant upgrade starting this fiscal year. This will position the Port to be at a current release of financial and HR systems provided through JDE. This project will also move the Port to a more sustainable operating platform for JDE which will be a better fit with IT technology standards.

IT will continue to focus on keeping our core systems current. The current budgeting system is one example, a core system that will be replaced with a new application to provide the budget team with a more flexible, robust solution to meet their current needs. Similarly, this also includes replacement or retirement of aging systems within the IT application portfolio.

The commitment to keeping our infrastructure current is on-going in regards to the Microsoft products used at the Port. Work is underway to move to the latest versions of Office and SharePoint. A significant effort is planned to upgrade to Windows 7 which Microsoft has indicated is the path to Windows 8, expected to be available in late 2012. Windows 8 is designed to enhance mobility and the continual transfer between work and home, portable and fixed devices. Another key effort for IT this year is the selection and implementation of an integrated set of software tools for Help Desk Tracking / Asset Management, including software license management.

IT will continue with the development of departmental and divisional SharePoint sites while implementing basic electronic content management. SharePoint will continue to be an important platform on which to deploy a variety of solutions for use across the Port.

Information security and industry-specific compliance will continue to be a primary theme across IT. While IT focuses on becoming Payment Card Industry (PCI) compliant in FY12, PCI compliance is not a single, point-in-time event. Staff will continue to monitor and support PCI compliance efforts in FY13 to ensure ongoing compliance is maintained. Our efforts and lessons learned from the PCI compliance initiative will be leveraged in FY13 and applied to other business critical systems.

Included in IT’s FY13 business plan is a goal to develop an IT business continuity/disaster recovery strategy to address the recovery of the Port’s critical systems following a disaster. IT intends to perform a Business Impact Analysis on the core systems in FY13 so that we may prioritize the critical systems and use the results as a basis for discussion with the Directors regarding options and associated costs. IT will implement the option selected by the Directors, most likely in the following year, FY14.


CapitalProgramAssumptions

Capital funding for information technology projects for fiscal year 2012-13 has increased over last year. Funding is focused on four areas:

Maintaining systems and applications at the latest release levels, where feasible.

Replacing non-supported applications that present risks to the organization.

Addressing the need for electronic content management and for bringing traditional document and content management practices into alignment.

Improving infrastructure to meet areas of security, compliance and reporting.

IT continues its effort to address the undesirable shortcomings of pulling IT labor for capital projects to the detriment of ongoing IT support and maintenance efforts. Addressing the underlying problems created by this approach adds temporary supplemental IT labor costs to capital projects, but overcomes the downside of deferring support and maintenance which in the long term can lead to less stable IT systems. Management of staff resources is a critical success factor for projects and ongoing operations.

IT general fund capital projects for fiscal year 2012-13 include the following:

IT hardware asset lifecycle replacement for selected equipment covering file servers, network devices and workstations.

Various system upgrades or replacements in key areas; including GIS, Avantis and JDE.

Network infrastructure improvements.

Technical Resource Center (TRC) systems and Budget (BEPS) system replacements.

Electronic content/document management implementation.

Migration from XP to Windows-7 and Office-2010.

Replacement of tools used internally by IT to track service requests and hardware/software asset management, including software licensing.

Development Services Administration-

In 2009 Development Services was tasked with the responsibility of establishing and maintaining an enterprise project portfolio management office that would be responsible for the management and reporting of all projects/programs from initiation through project completion in order to complete the following:

Improve project and program definition, selection and prioritization relative to business strategies and goals of the Port.

Improve management of capital and operational project budgets.

Improve project execution relative to on-time, on-budget, and within-scope quality delivery.


Improve communications, oversight and decision-making relative to program, project and portfolio status.

Increase project throughput and decrease project resource contention.

Increase staff program and project management expertise.

To date, the Project Portfolio Office (PPO) has focused on the development of a first generation monitoring and reporting system, the definition and establishment of standardized project management, and project and portfolio governance processes based upon industry best practice and resource demand capability forecasting.

Benefits that are accruing from this work include:

Creation of a holistic and transparent view of all project activity.

Improved communication between business units and project delivery staff.

More effective project alignment to corporate objectives.

Improved accountability and transparency in decision making.

Improved management of the project environment.

Longer term view of organizational needs.

Improved resource forecasting.

For the 2012-2013 fiscal year the PPO will focus on the following:

Improving project cost management processes to provide for increased transparency around project expenditures and improved fiscal management of the portfolio.

Strengthening the integration of strategic planning, portfolio management and the annual budgeting process to create an improved holistic view of the organization’s activities to facilitate improved decision making.

Identification and establishment and deployment of an enterprise project program along with a portfolio management solution to provide a single source of information for all project activity.


REQUIREMENTS SUMMARY – DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY

ENGINEERING DIVISIONADOPTED PROPOSED APPROVED ADOPTED


REQUIREM ENTS SUM M ARY:


M AT ERIALS AND SERVICES 248,104 1,105,996 1,483,895 1,433,050 1,433,050 1,433,050


INT ERFUND REIM BURSEM ENT S 0$ 0$ 0$ 0$ 0$ 0$


REIM BURSEM ENTS 8,481,475$ 9,905,165$ 10,125,622$ 10,529,745$ 10,529,745$ 10,529,745$

DEVELOPMENT SERVICES & INFORMATION TECHNOLOGY

FUND: GENERAL





INT ERFUND REIM BURSEMENT S 0$ 0$ 0$ 0$ 0$ 0$


REIMBURSEMENTS 6,575,645$ 8,471,250$ 9,586,259$ 9,920,618$ 9,920,618$ 9,920,618$


PERSONNEL SERVICES – DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY



GRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

DEVELOPMENT SERVICES ADMIN


-- # INTERNS - - - - - -

SUBTOTAL DSA ADMIN 380,299$ 519,750$ 5.0 530,570$ 5.0 536,891$

INFORMATION TECHNOLOGY*80-82 ADMINISTRATION 736,831$ 902,280$ 9.0 935,510$ 10.0 1,085,967$ 75-79 ADMIN PROFESSIONAL/TECH 2,413,575 2,203,575 36.6 2,828,034 35.6 2,790,728 71-74 ADMIN SUPPORT STAFF 101,732 130,572 3.0 130,296 3.0 136,561

-- # INTERNS - - - - - -

SUBTOTAL INFORMATION TECHNOLOGY 3,252,139$ 3,236,428$ 48.6 3,893,839$ 48.64 4,013,256$


SUBTOTAL DS ADMIN AND IFT 4,633,321$ 5,235,006$ 48.6 6,177,317$ 48.6 6,424,597$ 6,424,597$

ENGINEERING

80-82 ADMINISTRATION 1,293,258$ 1,329,589$ 13.0 1,338,966$ 13.0 1,381,644$ 75-79 # ADMIN PROFESSIONAL/TECH 4,569,916 4,492,688 57.0 4,436,435 58.0 4,654,077 71-74 ADMIN SUPPORT STAFF 330,369 295,658 6.0 269,616 6.0 277,593

-- # INTERNS 73,087 64,337 - 100,361 - 93,000

SUBTOTAL ENGINEERING 6,266,630$ 6,182,272$ 76.0 6,145,378$ 77.0 6,406,315$


TOTAL ENGINEERING 8,233,371$ 8,799,170$ 76.0 8,641,727$ 77.0 9,096,695$ 9,096,695

TOTAL DS ADMIN, IFT & ENGINEERING 9,885,832$ 9,938,449$ 129.6 10,569,786$ 130.6 10,956,462$


TOTAL DS ADMIN, IFT & ENGINEERING 12,866,692$ 14,034,176$ 129.6 14,819,044$ 130.6 15,521,292$


MATERIALS AND SERVICES/REIMBURSEMENTS – ENGINEERING



2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

MATERIALS AND SERVICES REQUIREM ENTS

CONT RACT & CONSULT ING SERVICES 159,513$ 198,425$ 277,300$ 245,600$ 245,600$ 245,600$

MAT ERIALS AND SUPPLIES 22,535 22,009 22,100 19,100 19,100 19,100

UT ILIT IES 641 581 1,500 1,000 1,000 1,000

EQUIPMENT , FUEL AND LUBRICANT S 20,140 4,794 19,000 11,000 11,000 11,000

INSURANCE 3,683 22,472 0 0 0 0

MANAGEMENT & T RAVEL EXPENSES 57,704 92,018 100,000 120,662 120,662 120,662

MISCELLANEOUS EXPENSES* (16,112) 765,697 1,063,995 1,035,688 1,035,688 1,035,688

TOTAL MATERIALS & SERVICES 248,104$ 1,105,996$ 1,483,895$ 1,433,050$ 1,433,050$ 1,433,050$


AIRPORT REVENUE FUND 0$ 0$ 0$ 0$ 0$ 0$

TOTAL INTERFUND REIMBURSEMENTS 0$ 0$ 0$ 0$ 0$ 0$

* IN C LU DES: REN T, EQU IPM EN T REPAIRS, PROPERTY TAXES, DRAIN AGE ASSESSM EN TS, SOFTWARE

EXPEN SE, POSTAGE, BAD DEBTS, DISC OU N TS, ETC .


MATERIALS AND SERVICES/REIMBURSEMENTS – DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY



2009-10 2010-11 2011-12 2012-13 2012-13 2012-13


CONT RACT & CONSULT ING SERVICES 544,475$ 1,466,086$ 1,336,590$ 1,260,592$ 1,260,592$ 1,260,592$


UT ILIT IES 339,497 238,440 295,920 250,820 250,820 250,820

EQUIPM ENT , FUEL AND LUBRICANT S 187,747 227,467 287,240 351,100 351,100 351,100

INSURANCE 11,339 35,653 0 0 0 0


MISCELLANEOUS EXPENSES* 687,201 957,785 1,103,005 1,221,037 1,221,037 1,221,037








NAVIGATION

Operation of the Dredge Oregon

The Navigation division provides management, equipment, and technical expertise to support the Port’s sponsorship obligations to assist in the maintenance of the Columbia and Willamette River navigation channels. The Navigation division also assists as needed with Port berth dredging projects. Navigation fulfills this obligation by operating and maintaining the Dredge Oregon along with the attendant plant and equipment in a cost-reimbursable agreement with the U. S. Army Corps of Engineers. A five-year contract was negotiated in September 2011 that will last through September of 2016.

Key Assumptions

There will be a continued need for dredging to maintain the authorized 600-foot wide by 43-foot deep channel for Portland and other down-river ports.

Fiscal Year 2012-13 Objectives

Provide safe, environmentally responsible and cost effective dredging services to the U.S. Army Corps of Engineers while maintaining the navigation channel. Navigation also supports the Marine department, as well as other down-river ports, as required to maintain effective channel depths and related port development. Navigation works with the Corps and regulatory agencies to further refine and develop dredging methods to enhance water quality protections.

Significant capital projects include the following:

Repower the Dredge Oregon and replace the dredge pump to increase pumping distance, improve fuel efficiency, decrease maintenance costs and emissions.

Replace 1,000 feet of scoured steel dredge pipe.

Replace worn cutter shaft bearings on the ladder of the Dredge Oregon.

Replace approximately (15%) 40 rusted and damaged floating pipe pontoons.


REQUIREMENTS SUMMARY – NAVIGATION







INT ERFUND REIM BURSEMENT S 0$ 0$ 0$ 0$ 0$ 0$


REIMBURSEMENTS 10,288,503$ 7,907,883$ 9,361,157$ 9,782,277$ 9,782,277$ 9,782,277$


PERSONNEL SERVICES – NAVIGATION



GRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

NAVIGATION

80-82 ADMINISTRATION 410,701$ 393,913$ 4.0 390,041$ 4.0 410,861$ 75-79 ADMIN PROFESSIONAL/TECH - 72,217 1.0 75,878$ 1.0 81,292 71-74 ADMIN SUPPORT STAFF 79,313 94,285 2.0 89,936 2.0 93,802

-- # DREDGE/NAVIGATION 2,552,598 1,959,505 31.8 2,486,234 34.9 2,700,498 -- # INTERNS - - - 21,600 - -

SUBTOTAL NAVIGATION 3,042,612$ 2,519,919$ 38.8 3,063,690$ 41.9 3,286,455$

TOTAL OVERTIME 648,217 371,788 - 600,000 - 769,956 ACCRUED LABOR (141,403) 16,659 - (12,539) - (63,437) FRINGE BENEFITS 1,231,210 1,098,127 - 1,035,931 - 1,199,003

TOTAL NAVIGATION 4,780,636$ 4,006,493$ 38.8 4,687,083$ 41.9 5,191,977$


MATERIALS AND SERVICES/REIMBURSEMENTS – NAVIGATION



2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

MATERIALS AND SERVICES REQUIREM ENTS

CONT RACT & CONSULT ING SERVICES 1,268,654$ 856,406$ 688,000$ 762,892$ 762,892$ 762,892$

MAT ERIALS AND SUPPLIES 1,236,014 754,629 1,136,700 942,768 942,768 942,768

UT ILIT IES 51,542 64,322 48,325 49,115 49,115 49,115

EQUIPMENT , FUEL AND LUBRICANT S 2,026,818 1,463,881 2,116,000 2,179,150 2,179,150 2,179,150

INSURANCE 920,479 648,623 558,249 512,526 512,526 512,526


MISCELLANEOUS EXPENSES* (13,220) 100,012 103,400 103,400 103,400 103,400








CORPORATE ADMINISTRATION

Functions have been centralized to better manage costs by consolidating certain services to individual operating divisions, and to provide needed controls of certain processes. Corporate Administration consists of the office of the Executive Director, Public Affairs, Human Resources, Legal, and Financial & Administrative Services (F&A). Public Affairs includes Media & Government Relations, Corporate Marketing, and Environmental Affairs.

F&A, the largest of the Administrative Divisions, includes the office of the CFO and the functions of Risk Management, Administrative Services, Financial Services, Internal Audit, Research & Market Information.


REQUIREMENTS SUMMARY – CORPORATE ADMINISTRATION



REQUIREMENTS SUM MARY:




INT ERFUND REIMBURSEM ENT S 0$ 0$ 0$ 4,228$ 4,228$ 4,228$


REIMBURSEMENTS 18,646,601$ 20,023,765$ 23,221,118$ 23,980,710$ 23,995,710$ 23,995,710$


PERSONNEL SERVICES – CORPORATE ADMINISTRATION



GRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

CORPORATE ADMINISTRATION *

EXECUTIVE ADMINISTRATION

80-82 ADMINISTRATION 423,510$ 467,087$ 3.0 470,326$ 3.0 500,936$ 75-79 ADMIN PROFESSIONAL/TECH - - - - - - 71-74 ADMIN SUPPORT STAFF 76,146 117,641 3.0 118,842 3.0 122,359

SUBTOTAL EXECUTIVE ADMINISTRATION 499,656$ 584,728$ 6.0 589,169$ 6.0 623,295$

LEGAL

80-82 ADMINISTRATION 285,836$ 306,221$ 2.0 309,389$ 2.0 312,260$ 75-79 ADMIN PROFESSIONAL/TECH 1,106,414 1,140,206 11.5 1,176,758 12.0 1,277,614 71-74 ADMIN SUPPORT STAFF 5,417 22,177 - 22,597 0.6 23,328

-- # INTERNS 12,137 11,350 - 33,438 - 34,320

SUBTOTAL LEGAL 1,409,803$ 1,479,954$ 13.5 1,542,183$ 14.6 1,647,522$

HUMAN RESOURCES

80-82 ADMINISTRATION 661,027$ 712,902$ 6.0 705,885$ 5.0 626,677$ 75-79 ADMIN PROFESSIONAL/TECH 297,714 370,653 5.6 445,176 8.0 560,475 71-74 ADMIN SUPPORT STAFF 205,587 209,677 4.4 239,561 3.8 197,622

-- # INTERNS 0.0 - - - - 35360.0

SUBTOTAL HUMAN RESOURCES 1,164,327$ 1,293,232$ 16.0 1,390,621$ 16.8 1,420,135$

PUBLIC AFFAIRS

80-82 ADMINISTRATION 782,874$ 845,586$ 7.0 805,347$ 9.0 1,054,065$ 75-79 ADMIN PROFESSIONAL/TECH 1,909,796 1,985,558 25.8 2,056,590 25.6 2,058,149 71-74 ADMIN SUPPORT STAFF 130,383 94,234 3.0 91,516 2.0 84,278

-- # INTERNS 38,249 35,206 - 52,811 - 47,840

SUBTOTAL PUBLIC AFFAIRS 2,861,302$ 2,960,584$ 35.8 3,006,264$ 36.6 3,244,332$

SUBTOTAL EXECUTIVE 5,935,088$ 6,318,498$ 71.3 6,528,237$ 74.1 6,935,284$

SUBTOTAL OVERTIME 3,701 3,582 - 500 - - SUBTOTAL ACCRUED LABOR (275,712) 31,200 - 56,361 - 29,149 SUBTOTAL FRINGE BENEFITS 1,958,613 2,225,274 - 2,380,617 - 2,653,151

TOTAL EXECUTIVE 7,621,690$ 8,578,554$ 71.3 8,965,715$ 74.1 9,617,585$


PERSONNEL SERVICES – CORPORATE ADMINISTRATION – CONT’D

8,706,588$ 8,706,588$

FULL TIME FULL TIMEEQUIV ADOPTED EQUIV ADOPTED

POSITION ACTUAL ACTUAL POSITIONS BUDGET POSITIONS BUDGETGRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13CORPORATE ADMINISTRATION * (CONTINUED)

FINANCIAL & ADMINISTRATIVE SERVICES

80-82 ADMINISTRATION 1,605,938$ 1,768,447$ 18.0 1,983,781$ 19.0 1,845,877$ 75-79 ADMIN PROFESSIONAL/TECH 1,988,531 2,298,994 31.0 2,108,371 33.0 2,449,165 71-74 ADMIN SUPPORT STAFF 324,546 259,372 9.0 304,910 8.0 312,939

-- # INTERNS - - - - - 22,401

SUBTOTAL FINANCIAL & ADMIN SERVICES 3,919,014$ 4,326,813$ 58.0 4,397,062$ 60.0 4,630,382$

SUBTOTAL OVERTIME 9,130 1,394 - - - - SUBTOTAL ACCRUED LABOR (185,430) 21,357 - 39,890 - 20,708 SUBTOTAL FRINGE BENEFITS 1,344,126 1,642,618 - 1,809,224 - 1,960,112

TOTAL FINANCIAL & ADMIN SERVICES 5,086,841$ 5,992,182$ 58.0 6,246,176$ 60.0 6,611,201$ 5086840.62 5,703,208 6,246,177 6,611,201

SUBTOTAL CORPORATE ADMINISTRATION 9,854,102$ 10,645,311$ 129.3 10,925,299$ 134.1 11,565,666$

TOTAL OVERTIME 12,831 4,976 - 500 - - TOTAL ACCRUED LABOR (461,142) 52,556 - 96,251 - 49,857 TOTAL FRINGE BENEFITS 3,269,701 3,867,892 - 4,189,840 - 4,613,263

TOTAL CORPORATE ADMINISTRATION 12,708,531$ 14,570,736$ 129.3 15,211,891$ 134.1 16,228,786$


MATERIALS AND SERVICES/REIMBURSEMENTS – CORPORATE ADMINISTRATION



2009-10 2010-11 2011-12 2012-13 2012-13 2012-13


CONT RACT & CONSULT ING SERVICES 1,764,773$ 1,842,499$ 3,578,408$ 3,454,943$ 3,454,943$ 3,454,943$


UT ILIT IES 150,253 8,931 9,450 14,914 14,914 14,914

EQUIPMENT , FUEL AND LUBRICANT S 105,636 9,702 14,370 15,735 15,735 15,735

INSURANCE 272,630 200,016 266,982 257,216 257,216 257,216

MANAGEMENT & T RAVEL EXPENSES 687,995 807,646 1,062,252 1,160,076 1,160,076 1,160,076

MISCELLANEOUS EXPENSES* 2,804,188 2,542,288 3,007,925 2,767,317 2,782,317 2,782,317

TOTAL M ATERIALS & SERVICES 5,938,070$ 5,453,029$ 8,009,226$ 7,747,696$ 7,762,696$ 7,762,696$

INTERFUND REIM BURSEM ENTS

AIRPORT REVENUE FUND 0$ 0$ 0$ 4,228$ 4,228$ 4,228$

TOTAL INTERFUND REIMBURSEMENTS 0$ 0$ 0$ 4,228$ 4,228$ 4,228$




BOND CONSTRUCTION FUND

This fund accounts for the acquisition, construction, expansion, and improvement of new and existing structures and facilities. Its resources are generated from transfers from the General Fund and Airport Revenue Fund and interest on investments. This fund accounts for capital requirements of Marine & Industrial Development, Navigation, Engineering, General Aviation and Corporate Administration.

General Aviation capital requirements are funded through a combination of earnings from General Aviation operations, FAA grants and a transfer of resources from the Airport Revenue Fund.


RESOURCES AND REQUIREMENTS – BOND CONSTRUCTION FUND




RESOURCES

BEGINNING WORKING CAPIT AL 30,883,873.52$ 19,300,362$ 11,853,758$ 10,000,000$ 10,000,000$ 10,000,000$

INT EREST INCOME 526,749 183,264 106,800 117,880 117,880 117,880

FEDERAL/ST AT E GRANT S/OT HER 15,727,261 13,333,818 27,654,282 10,986,988 10,986,988 10,986,988

BONDS AND OT HER DEBT PROCEEDS 0 0 0 0


GENERAL FUND 0$ 0$ 35,577,529$ 24,222,601$ 24,222,601$ 24,222,601$

AIRPORT CONST RUCT ION FUND 0 0 0 0 0 0

AIRPORT REVENUE FUND 3,740,027 0 0 0 0 0

TOTAL CAS H TRANS FERS FROM OTHER FUNDS 3,740,027$ 0$ 35,577,529$ 24,222,601$ 24,222,601$ 24,222,601$

TOTAL RESOURCES 50,877,911$ 32,817,444$ 75,192,369$ 45,327,469$ 45,327,469$ 45,327,469$

REQUIREMENTS

CAPITAL OUTLAY 28,344,479$ 14,879,067$ 59,928,968$ 29,201,534$ 29,200,771$ 29,200,771$

INTERFUND REIM BURSEMENTS-TO

GENERAL FUND 3,194,575$ 3,893,904$ 5,230,201$ 6,090,190$ 6,090,952$ 6,090,952$

AIRPORT REVENUE FUND 38,495 12,274 33,200 35,745 35,745 35,745


GENERAL FUND 0 0 0 0 0 0

AIRPORT REVENUE FUND 0 78,854 0 0 0 0

TOTAL INTERFUND REIMBURS EMENTS 3,233,070.49$ 3,985,032$ 5,263,401$ 6,125,935$ 6,126,698$ 6,126,698$

CONTINGENCY 10,000,000$ 10,000,000$ 10,000,000$ 10,000,000$

ENDING BALANCE 19,300,362$ 13,953,345$



CAPITAL OUTLAY SUMMARY BY PROJECT – BOND CONSTRUCTION FUND

Values

DIV-LOB Summary

Project Number

Summary Project Name Summary

Parent Project Number

Status Summary

2009 - 10 Actual

2010 - 11 Actual

2011 - 12 Budget

2012 - 13 Budget

HIO - Hillsboro Airport 100232 HI Center Tie-Down Reseal - Candidate 0 0 176,400 0100300 HIO SlurrySeal RW2-20 700046 Candidate 0 0 378,000 0100464 HIO RW 12/30 Hi-Speed Exits - Closed 48,850 0 0 0100546 HIO Terminal Bldg Remodel - Closed 921,814 14,234 0 0100547 HIO 12L30R PreliminaryDesignEA 700073 Closed 352,117 10,699 0 0100548 HIO Construct RW 12L30R 700073 Open 1,391,388 2,113,321 6,000,000 1,000,000100603 HIO Extend T/W C - Closed 2,964,638 50,968 0 0100650 HIO Recon MaintFacility PrkLot - Closed 104,991 6,391 0 0100781 HIO Hilands Trust Property Acq - Closed 161,944 11,058 0 0100782 HIO Gimre Property Acq - Closed 120,096 1,820 0 0100801 HIO TanklinersLandAcquisition - Closed 73,024 1,569 0 0101025 HIO RW 2-20 Reloc & Ext TW B - Open 0 206 500,000 2,000,000101026 HIO Relocate Taxiway C - Open 0 0 500,000 0101035 HIO RW 12-30 Threshold Rehab - Closed 0 100,312 1,450,000 0101067 AM HIO Hangar A - Candidate 0 0 0 23,929101068 AM HIO Hangar B - Candidate 0 0 0 25,307101069 AM HIO Hangar C - Candidate 0 0 0 22,779101070 AM HIO Hangar E - Candidate 0 0 0 31,998101073 AM HIO Terminal Bldg - Candidate 0 0 0 126,540101074 AM HIO Terminal Building - Candidate 0 0 23,000 404,000101235 HIO Construct East Access Road - Candidate 0 0 551,130 551,130101372 AM HIO MX Building - Candidate 0 0 0 30,477101559 HIO Jackson Bottom Mitigation - Open 0 156,948 0 0101597 AM HIO Terminal Bldg-Disc* - Candidate 0 0 0 39,287

HIO - Hillsboro Airport Total 6,138,862 2,467,526 9,578,530 4,255,447TTD - Troutdale Airport 100282 TT Relocate TW B Ph 1 & Demo 700063 Closed 1,616,018 153,963 0 0

100476 TTD Purchase Mower - Closed 156,195 0 0 0101039 TTD Reconstruct RW 7-25 - Candidate 0 0 0 780,000101132 AM TTD Bldg. 920 - Candidate 0 0 0 68,787101133 AM Bldg 920 (1977) - Candidate 0 0 113 27,124101135 AM TTD Hangar 913 - Candidate 0 0 0 23,793101296 TT Reloc TW B Warranty Repairs 700063 Closed 18,547 0 0 0101368 TTD Hangar 1023 Improvements - Closed 58,852 0 0 0101386 AM TTD Hangar 520 - Candidate 0 0 0 35,771101599 AM TTD Bldg 920-Disc* - Candidate 0 0 0 27,222

TTD - Troutdale Airport Total 1,849,612 153,963 113 962,697ENG - Engineering 101549 Survey Equip-4 Data Collect - Open 20,140 9,991 0 0

101637 EarthCam Camera - Closed 0 18,039 0 0101670 Replace Survey GPS Equipment - Closed 0 74,405 0 0

ENG - Engineering Total 20,140 102,435 0 0FNA - Finance & Admin 100134 Network Wiring - Closed 43,382 95,584 0 0

100256 GIS Upgrade and Enhancement - Closed 473,151 0 0 0100292 IT Help Desk Track&Asset Mgmt - Candidate 0 0 0 325,000100505 Communications Test Equipment 700114 Candidate 0 0 50,000 0100513 Project Management Solution - Closed 359,454 (495,193) 0 0100788 Purchase 10 Tablet PCs-FY2008 - Open 0 8,507 0 0100797 Fileserver Replacement 07-16 700119 Candidate 0 0 150,000 100,000100798 Workstation Replacements 07-16 700119 Candidate 0 0 125,000 200,000100799 Printer/PeripheralReplace07-16 700119 Candidate 0 0 125,000 125,000100846 Network Equipment FY 10-11 - Open 0 68,982 0 0100848 PBX Software/Hardware 700119 Candidate 0 0 60,000 0100852 Network Equipment FY 06-08 - Closed 78,463 0 0 0100853 IT Test Equipment - Closed 5,751 0 0 0100892 IT Storage Network Solution - Open 0 351,150 0 0100893 Computer Backup Site Facility 700115 Candidate 0 0 100,000 750,000100901 Avantis Upgrade 700118 Candidate 0 0 300,000 540,000100946 OS-Office Upgrade 700119 Candidate 0 0 300,000 50,000100947 JDE Upgrade 700118 Candidate 0 0 75,000 1,060,000100948 Avantis Upgrade-Improvements - Closed 4,436 0 0 0100950 GIS Upgrade 700117 Open 0 0 250,000 0101060 Workstation Replacements 08-09 - Closed 118,297 0 0 0101273 TRC Replacement/Conversion 700116 Open 0 0 750,000 0101274 Budget Application Replacement 700118 Open 0 0 600,000 0101276 PCI Remediation - Open 0 0 25,000 0101302 Network Management System 700114 Open 0 0 200,000 0101308 ISA Server Replacement - Open 0 11,621 0 0101312 Voicemail Hdwr-Sfwr Upgrade 700119 Candidate 0 0 0 50,000101319 Network Applic Recog-Routing 700114 Candidate 0 0 300,000 400,000


CAPITAL OUTLAY SUMMARY BY PROJECT – BOND CONSTRUCTION FUND (CONT’D)

Values

DIV-LOB Summary

Project Number



Status Summary

2009 - 10 Actual

2010 - 11 Actual

2011 - 12 Budget

2012 - 13 Budget

101416 Fileserver Replacement 09-10 - Closed 98,685 0 0 0101452 Forklift Purchase - Admin HQ - Closed 16,600 0 0 0101564 PrinterPeripheralReplace 10-11 - Closed 0 903 0 0101565 Fileserver Replacement 10-11 - Closed 0 93,766 0 0101566 Workstation Replacement 10-11 - Open 0 2,289 0 0101766 Cable Management System - Candidate 0 0 0 150,000101684 JDE-AP Migration 700118 Open 0 0 350,000 0101785 Project Portfolio Mgmt Tool - Candidate 0 0 0 1,500,000100251 Data Modeling Tools 700118 Closed 0 0 80,000 0101272 SP-Online Plan Room-Submittals - Closed 0 0 600,000 0

FNA - Finance & Admin Total 2,422,692 137,609 4,740,000 5,250,000NAV - Navigation 100407 Replace Dredge Tender "Don" - Closed 1,640 0 0 0

100467 Heavy Duty Equip Ramp Barge - Closed 1,484,816 1,485,461 0 0100569 NAV-Misc Capital Needs - Candidate 0 0 250,000 250,000101063 1000ft Steel Pipe Replacement - Candidate 0 0 400,000 0101325 30InchDischarge Elbow w-Flange - Open 132 0 0 0101326 Anchor Scow Elbow - Open 132 0 0 0101327 Rebuild Engine - W illiams - Open 0 1,079 110,000 0101328 Rebuild Engine - Clackamas - Closed 0 32,388 0 0101329 Reskin Clackamas Hull - Closed 0 246,445 0 0101336 Replace ATV & Kubota - Candidate 0 0 20,000 20,000101338 D8T - Engine Rebuild - Candidate 0 0 50,000 0101339 D8R-Transmission Final Rebuild - Candidate 0 0 70,000 0101340 Cat Generator Replace - Candidate 0 0 30,000 30,000101344 Pontoons - 1st Set - Candidate 0 0 280,000 0101346 Replace Line Scow 13A - Candidate 0 0 350,000 350,000101348 Work Barge W inch - Candidate 0 0 200,000 0101454 Ivanoff W inch Level W inding - Closed 75,000 0 0 0101457 Dredge Oregon Repowering - Open 137,129 727,439 5,618,543 6,333,927101505 Rebuild Spare Engine-Clackamas - Closed 0 41,988 0 0101507 D8T - Undercarriage - Closed 75,363 0 0 0101508 Clackamas Genset Replace-40KW - Closed 0 39,798 0 0101509 Replace Shop Welders&Feeders - Candidate 0 0 0 25,000101510 Satellite Broadband CommSystem - Candidate 0 0 75,000 0101511 30 Ton Hydraulic Crane - Candidate 0 0 0 350,000101512 Water Crane Dog Ring Rehab - Closed 0 1,057 0 0101518 Dredge Air Compressor Replace - Closed 29,778 (1,289) 0 0101568 Purchase Dredge Radar - Closed 0 9,495 0 0101602 Deliverance Engine Rebuild - Closed 0 83,648 0 0101603 Plasma Cutter & CNC table - Candidate 0 0 0 150,000101605 Williams Genset Replace-40KW - Closed 0 24,561 0 0101607 Sounding Depth Equip Upgrade - Closed 0 8,914 0 0101630 Water Crane W ire Rope - Closed 0 27,798 0 0101631 Dredge Discharge Hose - Closed 0 22,996 0 0101638 D8N-Transmission Final Rebuild - Candidate 0 0 70,000 0101639 Tender Don Eng_Trans Rebuild - Candidate 0 0 50,000 50,000101640 NAV Flat Bed Trailer - Candidate 0 0 25,000 0101642 Lever House Egress Upgrade - Open 0 19,120 0 0101643 Overhead Crane for WeldingShop - Candidate 0 0 100,000 0101644 Portable Welders (two) for NAV - Candidate 0 0 16,000 0101645 Donkey's Hard Elbow Castings - Candidate 0 0 125,000 0101646 Replace Dredge Weld Machines - Candidate 0 0 20,000 20,000101648 Replacement Laptops for Dredge - Candidate 0 0 0 60,000101799 966G - Engine Rebuild (Loader) - Candidate 0 0 0 30,000101800 Bells & Rings (NAV) - Candidate 0 0 0 250,000101806 Carry Deck Crane - Candidate 0 0 0 230,000101791 Dredge Fresh Water Maker - Candidate 0 0 0 50,000101796 Dredge Spud Evaluation - Candidate 0 0 0 100,000101779 Navigation Office Renovation - Candidate 0 0 0 200,000101801 New Light Plant - Candidate 0 0 0 20,000101804 Portable Welder for NAV-2012 - Candidate 0 0 0 20,000101805 Rebuild Waterfall W inch - Candidate 0 0 0 250,000101795 Replace Dredge Bull Rail - Candidate 0 0 0 25,000101808 Replace Dredge Deck Crane - Candidate 0 0 0 230,000101803 Replace Dredge Genset 350kw - Candidate 0 0 0 125,000

NAV - Navigation Total 1,803,990 2,770,898 7,859,543 9,168,927



Values

DIV-LOB Summary

Project Number



Status Summary

2009 - 10 Actual

2010 - 11 Actual

2011 - 12 Budget

2012 - 13 Budget

PND - Industria l Developm 100370 WHI Land Acquisition - Open 0 133 0 449,671100482 Reynolds-Phase 1 Improvements 700018 Open 3,631,350 58,853 0 0100544 Reynolds-Development Planning 700018 Closed 57,018 47,402 0 0101047 TRIP-Contamination Clean Up 700018 Open 232,226 144,894 0 183,067101048 TRIP-Wetland Mitigation Ph 1 700018 Open 682,679 25,921 0 0101261 Admin-Repl Irrigation Truck - Candidate 0 0 0 27,000810027 North Lombard W idening - Closed 1,608,638 749,878 0 0810030 Columbia/Lombard Frght Imprvmt - Candidate 0 0 0 115,000101748 GVBP Half St Improve Glisan 700125 Candidate 0 0 0 100,000101744 GVBP Mitigation 700125 Candidate 0 0 0 25,000101745 GVBP Onsite Infrast - East 700125 Open 0 0 0 1,023,000101746 GVBP Onsite Infrast - West 700125 Candidate 0 0 0 170,000101663 TRIP II Graham & Swigert 700018 Candidate 0 0 0 1,472,000101661 TRIP II JPA 700018 Open 0 556 0 23,400101660 TRIP II Lots 8, 9 700018 Open 0 1,324 0 175,000101662 TRIP II Subdivision 700018 Open 0 0 0 35,000101659 TRIP Lot 4-7, 10, 11 700018 Open 0 38,001 0 254,000100483 TRIP Advance&Scope 257th 700018 Closed 0 0 150,000 0100908 TRIP Phase 2 Improvements 700018 Closed 0 0 1,000,000 0101295 TRIP Phase 1 Lot 3 JPA&BA 700018 Closed 0 0 150,000 0101298 TRIP-GSA Land Acquisition 700018 Closed 0 0 550,000 0

0 GF Land Acquisition - Candidate 0 36,000,000 0PND - Industria l Development Tota l 6,211,911 1,066,962 37,850,000 4,052,138

MAR - Marine 100098 T6-Crane 6380 Acquisition - Closed 21,887 0 0 0100219 T6-Remote PGE Power Monitoring - Open 286 171 0 0100344 Marine AccessCtrl&Surveillance - Closed 1,176 0 0 0100352 SRG - Rail Expansion-Phase 1 - Open 445,463 4,165,329 750,000 2,000,000100364 T6-Crane 6381 Acquisition 700091 Closed (4,154) 62,003 0 0100602 Interoperable Communications#1 700096 Closed 103,552 0 0 0100606 Ramsey Rail Improvements 700107 Open 740,412 469,070 0 0100719 T6-Slurry Seal Yard 607 - Closed 0 84,637 0 0100829 T5-Berth 503 Dock Rehab - Closed (53,282) 0 0 0100830 T4-Berth 410/411 Steel Pile - Closed 0 456,514 188,000 0100860 T5-Berth 501 Deepening - Closed 122,054 647,387 0 0100861 T5-Berth 503 Deepening - Closed 85,804 (183,672) 0 0100889 T6-Launch Parking - Closed 1,196 0 0 0100954 T2-Site Upgrade - Corp of Engr - Closed 1,574 0 0 0100955 T4-Pipeline Infrastructure - Closed 2,881,698 1,637,839 0 0101165 MAR-Term's Roof Repair FY08-09 - Closed 10,556 0 0 0101249 Columbia Grain Bonds - Open 625 (30,235) 0 0101267 T6-Mainsail Linux Upgrade - Closed 116,134 0 0 0101353 T6-B604-605 W harf Modernizat'n - Open 528,908 3,071,886 721,000 256,000101356 T6 Crane 6378 Elec Drive Rehab 700104 Closed 190,249 1,008,245 0 0101357 T6 Crane 6378 Temp Relocation 700104 Closed 385,597 172,220 0 0101358 T6 Crane 6378 Paint Rehab 700104 Closed 151,908 182,398 0 0101360 Ramsey Rail Lead Construction 700107 Open 4,308,124 635,803 0 0101361 Ramsey Rail Yard Construction 700107 Open 3,931,198 557,908 0 0101363 MAR-Term Equip Replace Prgm - Candidate 0 0 200,000 460,000101365 MAR-Term Infrast Maint Prgm - Candidate 0 0 1,500,000 0101366 T6-Reroof CDC 700130 Open 0 0 0 1,155,000101402 T6-AdmBld300kvaTransformerRplc - Closed 16,813 163 0 0101410 T2 Asphalt Pavement Rehab 700110 Closed 150,278 0 0 0101412 T6 Asphalt Pavement Rehab 700110 Closed 274,610 2,196 0 0101413 T2 Fender Pile Replacement 700109 Closed 82,262 0 0 0101415 T4 Rail Rehabilitation - Closed 55,127 25,397 0 0101420 T4- 401 Fender Pile Replce 700109 Closed 992 0 0 0101421 T4- 410&411 Fender Pile Replce 700109 Closed 57,684 0 0 0101422 T4- 414&415 Fender Pile Replce 700109 Closed 142,567 0 0 0101426 T6- Crane 6378 Purch Headblock - Closed 22,915 149,331 0 0101427 T6 Fender Pile Replacement - Closed 120,463 0 0 0101430 LineBore W eld Equip Gearlocker - Closed 32,484 0 0 0101453 Grain Elevator Mitigation - Closed 3,934 13,192 0 0101497 T6Cranes73&74FeedEquipUpgrades 700111 Open 0 97,088 0 0101498 T6 Crane 6379 Headblock 700111 Open 0 7,508 0 0101499 T6 Load Cells 6373,6374,6375 700111 Open 0 753 0 205,000101500 T6 Twin Twenty SpreaderBeam 700111 Open 0 12,639 0 0101501 T6 Cranes 73&75 CabReplacement 700111 Open 0 1,160 0 337,260



Values

DIV-LOB Summary

Project Number



Status Summary

2009 - 10 Actual

2010 - 11 Actual

2011 - 12 Budget

2012 - 13 Budget

101502 T6 Crane 6379 PLC&IO Replace 700111 Open 0 26,811 0 0101521 T6-Replace Engines in RStacker - Closed 41,064 61,980 0 0101552 T6 Lease-Est Capital - Candidate 0 0 1,370,683 0101557 T4 Security Fencing - Open 0 9,620 0 0101567 Purchase WTP Beams - Closed 0 80,700 0 0101632 T6 Land Acquisition 700112 Open 0 144,662 0 0101633 T6 Staff Relocation 700112 Open 0 58,743 0 0101635 T6 IT Network Upgrades 700112 Closed 0 71,300 0 0101636 T4 Rail Upgrades - Open 0 77,237 0 0101651 T6 Feeder 413P Replacement - Open 0 2,891 0 0700000 CD-Improve River Miles 3-106.5 700000 Open 1,055,006 36,888 0 0810051 Cathedral Park Quiet Zn - Candidate 0 0 434,500 0101707 MAR Fender Sys Rehab 12-13 700124 Candidate 0 0 0 500,000101654 MAR Gearlocker Vehicle - Closed 0 27,194 0 0101655 MAR Operations Vehicle - Closed 0 24,015 0 0101759 MAR Pavement Rehab FY12/13 700132 Candidate 0 0 0 980,000101784 MAR Roof Rehab FY12/13 700130 Candidate 0 0 0 245,000101751 MAR Wharf Program FY12/13 700131 Candidate 0 0 0 200,000101783 Marine Energy Consev - Candidate 0 0 0 375,000101763 PBT T5 Expansion 2011 - Open 0 0 0 1,700,000101667 T2 Stormwater Improvements - Candidate 0 0 0 1,500,000810056 T4 Dravo Removal - Candidate 0 0 0 650,000101690 T4 Phone Line Replacement - Open 0 0 0 20,000101739 T4 Pier 1 Site Improvements - Candidate 0 0 0 105,000101764 T6 Berth 601 Auto Import Expan - Candidate 0 0 0 600,000810057 T6 Crane 76 & 77 Removal - Candidate 0 0 0 50,000101682 T6 ITCSI Lease Deficiencies - Open 0 1,246 0 0101740 T6 Wharf Optimization - Candidate 0 0 0 300,000

MAR - Marine Total 16,027,164 13,870,217 5,164,183 11,638,260Grand Total 34,474,371 20,569,610 65,192,369 35,327,469

TOTAL BOND CONSTRUCTION FUND 34,474,371 20,569,610 65,192,369 35,327,469 CAPITALIZED LABOR (3,233,070) (3,985,032) (5,263,401) (6,126,698) CAPITAL OUTLAY 31,241,301 16,584,578 59,928,968 29,200,771


AVIATION

The Aviation Division is responsible for the ownership and operation of a system of airports to meet the air transportation needs of the community. The airports are Portland International Airport (PDX), and two General Aviation reliever airports located at Hillsboro (HIO) and Troutdale (TTD). Budgetary information for the General Aviation airports is included in the General Aviation section of the General Fund.

The Aviation Division manages and provides facilities for the airlines and other airport tenants. Planning and budgeting is done by business line. The business lines are key areas of commercial operations where significant revenues, expenses, capital expenditures and customer service elements merge. There are five primary business lines: Terminal, Airfield, Landside Operations, Airside–Landside Properties, and General Aviation. Aviation primarily generates revenues from automobile parking fees, facility rentals, aircraft landing fees, and concession agreements.

Under the terms of the Airline and Cargo operating agreements at PDX, the signatory airlines serving PDX guarantee that revenues are equal to operating expenses and 130 percent of debt service costs for the Airfield and Terminal cost centers at PDX. The Port has the financial responsibility for all other airport facilities.

Airport capital improvements are funded by income from Airport operations, Revenue Bonds, Federal and State Grants, and Passenger Facility Charges.

The mission of the Aviation Division is to operate, maintain and promote an airport system that satisfies the air transportation needs of our customers by providing competitive cargo and passenger access to regional, national and international markets.

In fulfillment of this mission, the following five year business line goals and metrics have been established reflecting the Port’s strategic plan and Aviation key areas of focus:

Meet or exceed safety, security and operational requirements (FAA and TSA inspections)

Meet or exceed customer service goals (survey)

Meet or exceed environmental goals and metrics (reduce waste, emissions and energy use)

Cost-effectively maintain assets

Focus on maintaining and increasing non-airline revenues

Aggressively manage operating costs

Maintain competitive airline rates (landing fee, terminal net req.)


FY 2011 Actual


FY 2013 Forecast

FY 2013 Forecast

vs. FY 2012 Adopted

Total Passengers (in millions)

13.5

13.8 14.3 3.6%

Landed Weight (lbs in millions)

9.1 9.3 9.3 0.0%


AIRPORT REVENUE FUND

This Fund is required to be administered by the Port as long as any PDX Revenue Bonds are outstanding. The money deposited in this Fund is not commingled with any other money of the Port, and is used and applied only in the manner specified in Section 13, Ordinance No. 155 and Section 6, Ordinance No. 323. PDX operations are accounted for in this Fund. Principal revenue sources include facility rentals, aircraft landing fees, automobile parking fees and concession agreements.

(Information on revenue or expenditures attributable to General Aviation may be found in the General Fund, and is not included in the Airport Revenue Fund. However, a transfer of resources is made from the Airport Revenue Fund to the Bond Construction Fund to pay for General Aviation capital requirements not funded by earnings from General Aviation operations or by FAA grants.)


RESOURCES – AVIATION




RESOURCES

BEGINNING WORKING CAPITAL 20,287,015$ 22,170,730$ 30,000,000$ 35,000,000$ 35,000,000$ 35,000,000$

OPERATING REVENUE

OPERAT ING REVENUE 26,193,260$ 30,595,950$ 31,317,059$ 32,073,412$ 32,067,380$ 32,067,380$

SERVICE REVENUE 372,918$ 409,513 356,424 696,923 696,923 696,923

RENT AL & CONCESSIONS 140,061,959$ 141,465,374 148,795,294 152,994,992 152,974,634 152,974,634

OT HER REVENUE (767,266)$ 540,656 921,765 617,939 617,939 617,939

TOTAL OPERATING REVENUE 165,860,870$ 173,011,493$ 181,390,542$ 186,383,266$ 186,356,876$ 186,356,876$

INTEREST ON INVESTMENTS 1,227,024$ 822,308$ 523,300$ 532,840$ 532,840$ 532,840$

OTHER 491,895$ 48,828$ 0 0 0 0

INTERFUND REIMBURSEMENTS-FROM

GENERAL FUND 171,377$ 173,549$ 168,580$ 96,889 96,889 96,889


BOND CONST RUCT ION FUND 38,495$ 12,274 33,200 35,745 35,745 35,745


CASH TRANSFERS FROM OTHER FUNDS

GENERAL FUND 297,485$ 117,581$ 5,903,315$ 1,786,794$ 1,785,361$ 1,785,361$

BOND CONST RUCT ION FUND 0$ 78,854 0 0 0 0

PFC FUND 0$ 0 100,000,000 0 0 0

AIRPORT CONST RUCT ION FUND 0$ 0 0 0 0 0

TOTAL CAS H TRANS FER FROM OTHER FUNDS 297,485$ 196,435$ 105,903,315$ 1,786,794$ 1,785,361$ 1,785,361$

TOTAL RESOURCES 189,853,815$ 197,879,339$ 319,358,487$ 225,209,539$ 225,181,716$ 225,181,716$


REQUIREMENTS – AVIATION




REQUIREMENTS


OTHER REQUIREM ENTS

SYS DEV CHGS/LINE OF CREDIT /OT HER 0$ 0 100,000,000 5,000 5,000 5,000

INTERFUND REIM BURSEM ENTS-TO

GENERAL FUND 17,139,906$ 19,576,546 22,012,523 21,966,414 21,999,918 21,999,918

TOTAL INTERFUND REIMBURSEM ENTS 17,139,906$ 19,576,546 22,012,523 21,966,414 21,999,918 21,999,918

OPERATING EXPENDITURES & REIMBURS EMENT 87,810,235$ 93,050,516$ 199,171,767$ 106,749,526$ 106,542,030$ 106,542,030$


AIRPORT REVENUE BOND FUND 48,407,995$ 54,107,988$ 48,552,569$ 52,214,892 52,214,892 52,214,892


GENERAL FUND 3,600,023$ 3,391,101 2,848,335 2,848,335 2,848,335 2,848,335

BOND CONST RUCT ION 3,740,027$ 0 0 0 0 0

TOTAL CAS H TRANS FERS TO OTHER FUNDS 79,872,851$ 62,535,910$ 85,186,720$ 83,460,013$ 83,639,686$ 83,639,686$

CONTINGENCIES 35,000,000$ 35,000,000$ 35,000,000$ 35,000,000$

ENDING BALANCE 22,170,730$ 42,292,913$



REQUIREMENTS SUMMARY – AVIATION

COMMERCIAL AVIATION DIVISIONADOPTED PROPOSED APPROVED ADOPTED

FUND: AIRPORT REVENUE FUND ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET2009-10 2010-11 2011-12 2012-13 2012-13 2012-13



MATERIALS AND SERVICES 37,835,272 37,144,387 37,440,213 44,048,009 43,807,009 43,807,009


INTERFUND REIMBURSEMENTS 17,139,906$ 19,576,546$ 22,012,523$ 21,966,414$ 21,999,918$ 21,999,918$


REIMBURSEMENTS 87,810,235$ 93,050,516$ 99,171,767$ 106,744,526$ 106,537,030$ 106,537,030$


PERSONNEL SERVICES – AVIATION



GRADE TITLE 2009-10 2010-11 2011-12 2011-12 2012-13 2012-13

COMMERCIAL AVIATION

80-82 ADMINISTRATION 4,222,042$ 4,492,150$ 45.0 4,595,371$ 43.0 4,449,765$ 75-79 ADMIN PROFESSIONAL/TECH 5,851,475 6,114,463 92.5 6,608,786 92.0 6,744,242 71-74 ADMIN SUPPORT STAFF 1,075,423 999,303 25.0 1,045,341 24.0 1,019,710

-- # INTERNS 11,789 - - - 0.0 37,438 -- # PDX FIRE 2,783,098 2,783,878 48.4 2,930,564 48.6 3,142,439 -- # PDX MAINTENANCE 5,092,306 5,619,093 89.0 6,148,396 89.0 6,110,170 -- # PDX POLICE/SECURITY 4,157,977 4,267,000 65.3 4,544,553 65.6 4,610,694

SUBTOTAL COMMERCIAL AVIATION 23,194,109$ 24,275,886$ 365.2 25,873,011$ 362.2 26,114,458$

TOTAL OVERTIME 1,595,374 1,949,160 - 1,778,965 - 1,862,402 ACCRUED LABOR (1,066,371) 124,681 - 267,753 - 164,940 FRINGE BENEFITS 9,111,945 9,979,857 - 11,799,302 - 12,588,303

TOTAL COMMERCIAL AVIATION 32,835,057$ 36,329,584$ 365.2 39,719,031$ 362.2 40,730,103$


MATERIALS AND SERVICES/REIMBURSEMENTS – AVIATION


FUND: AIRPORT REVENUE FUND ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET

2009-10 2010-11 2011-12 2012-13 2012-13 2012-13


CONT RACT & CONSULT ING SERVICES 25,838,199$ 24,828,602$ 24,735,803$ 30,457,142$ 30,296,142$ 30,296,142$

MAT ERIALS AND SUPPLIES 3,013,713 3,505,423 3,930,779 3,853,938 3,853,938 3,853,938

UT ILIT IES 5,980,700 6,396,810 7,353,854 7,755,252 7,735,252 7,735,252

EQUIPMENT , FUEL AND LUBRICANT S 967,508 972,800 1,534,919 1,526,802 1,526,802 1,526,802

INSURANCE 1,346,533 2,040,175 1,647,318 1,927,629 1,927,629 1,927,629

MANAGEMENT & T RAVEL EXPENSES 728,269 1,005,874 1,148,477 1,225,130 1,225,130 1,225,130

MISCELLANEOUS EXPENSES* (39,649) (1,605,299) (2,910,939) (2,697,883) (2,757,883) (2,757,883)



GENERAL FUND 17,139,906$ 19,576,546$ 22,012,523$ 21,966,414$ 21,999,918$ 21,999,918$


* IN C LU DES: REN T, EQU IPM EN T REPAIRS, PROPERTY TAXES, DRAIN AGE ASSESSM EN TS, SOFTWARE EXPEN SE,

POSTAGE, BAD DEBTS, DISC OU N TS, ETC .


AIRPORT CONSTRUCTION FUND

The money credited to this Fund is used and applied solely to pay for additions, expansions, and improvements to the Airport in accordance with Section 12, Ordinance No. 155 and Section 8, Ordinance No. 323. Its principal resources are interest earned on investments, capital grants, Airport Revenue Bond proceeds and transfers from the Airport Revenue Fund and the Passenger Facility Charge Fund.


RESOURCES AND REQUIREMENTS – AIRPORT CONSTRUCTION FUND




RESOURCES

BEGINNING WORKING CAPIT AL 101,464,895$ 35,551,755$ 114,833,156$ 26,004,555$ 26,004,555$ 26,004,555$

INT EREST ON INVEST MENT S 920,861 717,721 1,740,400 420,280 420,280 420,280

FEDERAL/ST AT E GRANT S 56,444,463 35,700,776 28,830,191 15,440,000 15,440,000 15,440,000

BOND AND OT HER DEBT PROCEEDS 0 77,817,539 0 46,200,000 46,200,000 46,200,000

OT HER REVENUE 16,053 (0) 0 0 0 0


AIRPORT REVENUE FUND 24,124,806 5,036,821 33,785,816 28,396,787 28,576,460$ 28,576,460$

PFC FUND 42,552,792 10,000,000 0 7,000,000 7,000,000 7,000,000

TOTAL CAS H TRANS FERS FROM OTHER FUNDS 66,677,598$ 15,036,821$ 33,785,816$ 35,396,787$ 35,576,460$ 35,576,460$

TOTAL RESOURCES 225,523,870$ 164,824,612$ 179,189,563$ 123,461,622$ 123,641,295$ 123,641,295$

REQUIREMENTS

CAPITAL OUTLAY 179,041,894$ 107,989,159$ 95,318,404$ 98,102,198$ 98,101,436$ 98,101,436$

INTERFUND REIMBURSEMENTS-TO

GENERAL FUND 7,883,841$ 8,301,560$ 7,577,027$ 7,577,564$ 7,578,327$ 7,578,327$



AIRPORT REVENUE BOND FUND 0$ 0$ 400,000$ 2,200,000$ 2,200,000$ 2,200,000$

PFC FUND 1,566,727 0 0 0 0 0

TOTAL INTERFUND REIMBURS EMENTS 10,930,221$ 9,745,282$ 9,316,577$ 11,151,569$ 11,152,331$ 11,152,331$

CONTINGENCIES 74,554,582$ 14,207,855$ 14,387,528$ 14,387,528$

ENDING BALANCE 35,551,755$ 47,090,171$



CAPITAL OUTLAY SUMMARY BY PROJECT – AIRPORT CONSTRUCTION FUND

Project Number



Status Summary 2009-10 Actual 2010-11 Actual 2011-12 Budget 2012-13 Budget

100039 Automatic Parking Guidance Sys 700008 Closed 2,990 0 0 0100125 PDX In-Line Bag Screen Improve 700028 Open 39,942,296 25,255,908 5,663,851 4,000,000100143 Network & Computer Rm Upgrades - Closed 11,375 36,672 0 0100241 Parking Structure Scissor Lift - Candidate 0 0 0 12,000100246 PDX Install Solar PV System - Open 73,371 300 0 0100271 Deicing System Enhancements 700031 Open 22,655,412 34,809,646 2,455,000 4,681,000100309 Operations Netw ork Electronics 700059 Candidate 0 0 675,000 675,000100333 NREX Environ Assessment 700052 Closed 10,392 0 0 0100334 NREX Final Design & Const 700052 Open 23,786,957 16,616,432 0 0100335 Noise System Upgrade (PDX) 700061 Open 531,622 74,075 0 0100367 Replace ARFF Vehicles FY05-07 700083 Closed 214 0 0 0100379 Term Fire Life Safety Upgrades 700053 Closed 2,751 0 0 0100386 AircraftW arningDetectorDevice - Closed 23,766 0 0 0100415 Terminal Cameras 700058 Closed 70,215 0 0 0100416 Basic CCTV Infrastructure 700058 Closed 1,019 0 0 0100417 Exterior Cameras 700058 Candidate 0 0 0 78,000100418 CC D Service Elevator - Closed 9,028 0 0 0100420 TSA Coverage Cameras 700058 Closed 64,530 0 0 0100430 Port Cost Center Cameras 700058 Closed 40,971 0 0 0100433 Install CopperFiber Backbone 700059 Closed 16,557 0 0 0100435 Cable for Port Gates/Tkt Count 700059 Closed 0 0 100,000 0100449 Common Use System-IT Phase 1 700062 Closed 18,145 30,265 0 0100455 Purch 2 Glycol Recov. Vehicles - Candidate 0 0 0 900,000100469 Equip Triage/Trtmt Veh TR-881 - Open 5,539 1,164 0 0100478 AirTransPumpStationTrashRake - Closed 39,667 62,573 0 0100485 ReplaceBreathingAirCompressor - Closed 0 59,063 0 0100496 SelfContainedBreathingAppUnits - Closed 0 258,243 0 0100519 PDX AS400 Upgrade 10-11 - Candidate 0 0 65,000 65,000100533 Airport W ay W Rehab & W idening - Closed 589,685 8,125 0 0100536 FY 12/13 Slurry Seal ARFF Parking & 700138 Candidate 0 0 0 86,000100538 Annual Safety Equipment Upgrades - Candidate 0 0 20,000 20,000100558 FIDS Server Upgrades & Replaceme - Closed 0 48,493 0 0100577 Replace Car 19026 - Closed 0 0 35,000 0100586 PDXMaintVehicleReplace 07-09 - Closed 889 53,438 0 0100594 Replace Structural Truck 890 - Open 34,263 43,116 0 0100609 Access Control System Upgrade - Open 0 42,660 50,000 0100643 Flight Info Paging-Infrastruct 700094 Closed 1,055,339 106,524 0 0100672 OPS Vehicle &Equip Replacement - Closed 38,666 14,865 0 0100674 RehabLT Parking - Candidate 0 0 0 108,150100675 ATC Pavement Rehab Phase 1 700123 Open 14,830 3,612,903 6,537,000 0100676 Overlay S R/W - Closed 24 0 0 0100680 PDX ITS-AVI Technology - Open 0 0 3,465,000 2,403,900100681 Purchase 2008 Shuttle Buses - Closed 8,627 2,079,728 0 0100686 Reconst Central Apron @ UPS - Closed 4,901 0 0 0100689 Replace 6 2004 Shuttle Buses 700141 Candidate 0 0 0 2,800,000100692 Replace 1998 Toyota Sedan Detectiv - Open 0 0 58,000 0100694 Replace 6 Patrol Cars #24460 - Open 0 0 222,000 0100701 Replace Boat Engines RB-860 - Closed 0 25,720 0 0100702 Replace Bomb Response Vehicle - Candidate 0 0 0 63,000100705 Replace Environmental Ford Range - Candidate 0 0 0 45,000100708 Replace OPS Vehicle w ith Equipme - Candidate 0 0 0 60,000100732 Flight Info Paging-Monitors 700094 Closed 536,234 0 0 0100734 Terminal Audio Paging System 700094 Open 104,480 162,363 0 0100738 SE Apron Rehabilitation - Candidate 0 0 1,196,000 0100739 Slurry Seal Economy Blue Lot 700138 Candidate 0 0 470,000 0100740 Slurry Seal ECO East Parking - Open 0 48,955 0 252,045100747 Slurry Seal Econo Prkg & Rds N - Closed 17,621 0 0 0


CAPITAL OUTLAY SUMMARY BY PROJECT – AIRPORT CONSTRUCTION FUND (CONT’D)

Project Number




100750 Cargo Ctr Parking Slurry Seal 700098 Closed 44,151 0 0 0100756 Fire Department Entry Rd Rehab 700139 Candidate 0 0 50,000 250,000100758 TW T CL TW B6 to TW E2 - Candidate 0 0 0 600,000100760 T/W E Centerline Lights - Closed 0 0 660,000 0100763 Flight Info Paging-Technology 700094 Open 610,208 92,930 0 0100772 Waste Reduction Equipment - Candidate 0 0 75,000 75,000100773 Ticket Lobby Refurbishment - Candidate 0 0 1,000,000 0100775 Replace Safety Vehicle #16054 - Candidate 0 0 0 35,000100777 Replace Wildlife Pickup #16097 - Candidate 0 0 0 50,000100778 Replace WildlifeVehicle #16117 - Open 0 0 45,000 0100785 Replace Protective Vests 10-11 - Open 0 19,422 0 0100790 TW T & Term Apron Rehab W&NCtr 700082 Closed 111 0 0 0100802 PDX Trunked Radio Rebanding - Closed -2,930 0 0 0100806 Taxiw ay Rehabilitations 2008 700098 Closed 31,814 0 0 0100807 GA Apron (C) & TW Slurry Seal 700098 Closed 8,886 0 0 0100808 GA Apron (E) Rehab 700098 Closed 27,108 0 0 0100812 S R/W & T/W C Rehab 2008 - Closed 2,709 0 0 0100816 GA Apron & Parking West Rehab - Open 50,279 95,739 190,000 0100817 Central Apron Recon 700098 Closed 6,697 0 0 0100824 Taxiw ay F & E Partia l Rehab 700098 Closed 23,080 0 0 0100825 ReplaceSecurityBadgePrinters - Candidate 0 0 50,000 0100827 Realign Inbound Airport Way 700043 Open 111,759 295,476 0 0100828 HQP2CompleteDesign&Constr 700043 Closed 76,995,320 3,193,623 0 0100837 Replace PDX CNG Dispenser - Closed 5,662 0 0 0100854 Install Deicing Pump Station D 700031 Closed 11,208 0 0 0100864 Comm Infra - Expand Network 700059 Candidate 0 0 400,000 400,000100865 EnplaningRdCurbsideSlurrySeal 700138 Candidate 0 0 85,000 88,000100866 DeplaningRdCurbsideSlurrySeal 700098 Closed 30,825 2,075 0 0100871 NE Cargo Parking & Roads Rehab - Closed 767,683 47,526 0 0100872 Alderwood Const AccessRd Rehab - Closed 223,673 0 0 0100873 Emergency Access Road Rehab - Closed 0 0 11,100 0100874 CUP Roads Slurry Seal 700138 Open 0 0 30,000 0100875 Transport Way Rehab 700139 Candidate 0 0 121,275 0100878 NE Access Rds Rehab 700139 Candidate 0 0 250,000 435,000100886 Slurry Seal Taxi Staging Lot 700138 Candidate 0 0 0 75,000100888 Slurry Seal Economy Red Lot 700138 Candidate 0 0 0 480,000100895 Terminal Info-Monitors Renew al - Candidate 0 0 0 500,000100898 PDX Parking Lot Landscaping - Closed 111,741 324,298 0 0100922 Taxiw ay C Rehabilitation East 700127 Open 0 861 325,000 8,300,000100923 Runw ay 3-21 & Tw y M Rehab - Candidate 0 0 150,000 0100942 Deicing II LT Environmental 700031 Open 103,093 232 0 259,000100960 PDX Mobile Inventory - Closed 3,693 0 0 0100962 HQP2 Solar PV Renew Energy Sys 700043 Closed -9,593 0 0 0100965 BSI Transition Planning Svcs 700028 Closed 68,712 35,184 0 0100966 Shuttle Bus Facility - Closed 942,460 0 0 0100970 P2 Auto Parking Guide System 700043 Closed -11,982 0 0 0100971 P2 Revenue Control System 700043 Closed 216,219 2,885 0 0100973 Primeview Redevelopment - Candidate 0 0 0 3,050,000100989 Replace 3VehicleDefibrillators - Open 0 0 35,000 0100992 ReplaceThermalImagingCameras - Candidate 0 0 0 45,000101000 Replace Upgrade PPE - Candidate 0 0 30,000 0101001 ReplaceUpgradePoliceHandguns - Candidate 0 0 30,000 0101004 Replace Access Control System - Candidate 0 0 0 620,000101005 Replace Security OPS Vehicle - Closed 0 0 35,000 0101012 ContractGuardFacilityUpgrade - Candidate 0 0 500,000 0101014 Modify Security Badging System - Candidate 0 0 0 85,000101015 UpgradeSecTrainingSystemPh1 - Closed 21,694 1,683 0 0



Project Number




101016 Fingerprint System Replacement - Candidate 0 0 0 45,000101044 FM Radio Frequency - Candidate 0 0 0 100,000101052 TW A East Rehab - Closed 5,763,234 1,297,216 0 0101056 CMS 30 Upgrade to RevControl - Closed 66,846 220 0 0101064 AM ARFF-Critical - Candidate 0 0 0 114,000101075 AM Maintenance Annex-Critical - Candidate 0 0 0 126,614101077 PolicePatrolVehiclesK9-5&Sedan - Closed 42,604 0 0 0101080 AM PDX Pump Station 6 - Candidate 0 0 0 153,314101083 AM PDX Pump Station C - Candidate 0 0 0 61,965101084 AM PDX Pump Station E - Candidate 0 0 0 59,989101085 AM PDX Pump Station F - Candidate 0 0 0 42,166101086 AM PDX Pump Station G - Candidate 0 0 0 59,989101087 AM PDX Pump Station I - Candidate 0 0 0 97,567101088 AM PDX Pump Station J and CST - Candidate 0 0 0 227,943101089 AM PDX Pump Station L - Candidate 0 0 0 45,136101090 AM PDX Hangar 7909 - Candidate 0 0 0 24,397101092 AM PDX Hangar 8005 - Candidate 0 0 0 8,240101100 AM PDX Hangar A - Closed 0 0 78,750 0101103 AM PDX Hangar H - Candidate 0 0 0 43,672101104 AM PDX Hangar K - Candidate 0 0 0 29,347101106 AM PDX North Cargo Facility - Candidate 0 0 0 288,500101108 AMPDXCargo Center West (1981) - Candidate 0 0 0 55,825101119 AM PDX Concourse D-Critical - Candidate 0 0 0 460,000101123 AM PDX Terminal-Critical - Candidate 0 0 0 524,916101160 Traffic Circle Rehabilitation - Closed 1,139,259 1,167 0 0101161 Common Use Gate Improv 2010 - Open 0 542,973 0 0101174 Preconditioned Air PDX Gates - Closed 2,990 0 0 0101176 PDX Wetland Mitigation Develop - Candidate 0 0 250,000 0101178 Upgrade CUP 15KV and 5 KV - Candidate 0 0 0 2,750,000101182 Paralle l Existing Em Generatrs - Candidate 0 0 100,000 0101184 P1 Parking Structure Rehab - Open 7,451 157,957 2,644,000 0101208 Slurry Seal CCA & CCB Ramp - Open 0 0 167,000 0101209 North Apron Slurry Seal - Closed 0 0 170,000 0101211 Twy T Southw est Rehab - Candidate 0 0 0 1,200,000101220 TW E South &Exits - Open 0 124,304 6,182,000 5,150,000101241 Twy C1 Rehab 700108 Open 237,119 202,481 510,890 0101253 Term Carpet Design Phase 700086 Closed 62,921 49,899 0 0101257 US-ArmedForcesServiceRecognitn - Closed 36 0 0 0101260 Rentl Car Service Cntr Rehab 2 - Candidate 0 0 52,000 694,400101284 TW T &Term ApronWarrantyRepair 700082 Closed 39,541 1,184 0 0101297 Runw ay Rubber Removal Equip 700052 Closed 488,398 0 0 0101304 HQ AV System Upgrade - Candidate 0 0 100,000 0101332 HQP2 - Phone System 700043 Open 769,325 177,146 0 0101333 HQP2 - Furniture 700043 Closed 3,423,017 120,752 0 0101351 Canopy Snow Guards - Open 318,593 0 0 0101354 Bulk Storage Bldg Improvements - Closed 131,930 1,711 0 0101355 CUP Chiller&Boiler Light Retro - Closed 98 9,438 0 0101362 Restaurant Redevelop Rose City - Closed 573,453 48,286 0 0101364 CUP Boiler&Fuel Oil SysUpgrade - Open 0 10,056 726,000 1,878,000101367 PDX Hangar 8005 Improvements - Closed 30,882 0 0 0101369 Tenant Mailbox Station - Closed 10,396 0 0 0101382 AM PDX S. Cargo Center (East) - Candidate 0 0 0 34,371101395 Trans XLB to L3-6600 EDS Equip 700028 Closed 29,238 0 0 0101397 Trash Auger Replacements - Closed 73,845 0 0 0101400 BHS Maint Support Facility 700028 Closed 169,438 109,452 0 0101403 SRWY Design 700108 Closed 1,747,181 2,866,634 0 0101404 SRWY Construction 700108 Open 0 17,709,951 30,717,267 0



Project Number



Status Summary 2009-10 Actua l 2010-11 Actua l 2011-12 Budget 2012-13 Budget

101405 ARFF Carpet &Chair Replacement - Closed 14,664 43,785 0 0101406 Replace Sweeper 12022 - Closed 199,759 0 0 0101407 CUP Chiller Fall Protection - Closed 11,585 0 0 0101408 Ticket Lobby Walk off Carpet - Closed 20,373 0 0 0101409 Elephants Deli Development - Closed 275,000 0 0 0101419 P2 Parking Guide System - Open 17,336 26,585 1,800,000 1,725,000101423 Runw ay Snow Removal Brooms - Closed 0 340,904 0 0101424 Wildlife Hazing Access North - Open 0 27,459 187,000 0101425 Wildlife Hazing Access South - Open 0 36,526 275,000 0101431 Term Domestic Water Separation - Open 0 12,229 1,200,000 1,132,000101432 HVAC Controls Upgrade - Closed 0 0 2,200,000 0101434 N. Term Heating Water Upgrades - Candidate 0 0 370,000 836,100101436 MX 7113 Fire System - Candidate 0 0 0 4,450101439 CNG Backup Pump - Candidate 0 0 0 1,007,000101440 CCTV Escalators Bag Clm & Tun - Candidate 0 0 0 192,000101443 N. Low er Delta Canopy Replace - Candidate 0 0 500,000 0101447 Network Rooms Access Control 700059 Closed 27,732 155,085 0 0101458 North Apron Rehab - Open 0 88,937 2,900,000 3,867,000101485 AM PDX S. Crg Cntr E Roof&Fire - Closed 0 0 55,300 0101488 Hangar 8025-Roof Replace - Candidate 0 0 175,700 0101491 Hangar K-Roof Replace - Candidate 0 0 561,963 459,000101492 North Cargo-Roof Replace - Candidate 0 0 0 138,000101516 Common Use Self Service Kiosk 700062 Open 213,537 39,840 0 0101519 OANG Aircraft Arresting System 700108 Open 0 1,417,652 2,184,883 0101524 Long Term Parking Road Rehab 700139 Candidate 0 0 65,000 65,000101525 Solar PV System/Blue Sky Grant - Open 0 0 225,000 0101526 SW Apron Reconstruction - Candidate 0 0 1,900,000 315,000101527 7115/7113 Roof & Seismic - Candidate 0 0 275,000 369,000101528 CCA Replace Lower Rooftop Unit 700140 Open 0 0 175,000 393,500101537 MX Roof Replacement - Candidate 0 0 0 310,000101542 Lighting Controls Upgrade - Candidate 0 0 50,000 435,100101547 Purchase 2 Yamaha Pianos - Closed 0 44,200 0 0101550 Purchase 3 PDX Trucks - Closed 41,909 1,275 0 0101551 CAD-Next Computer Aided Disp - Open 139,899 246,924 5,000 0101553 TW F South Rehabilitation - Open 0 76,440 5,898,000 2,690,000101556 S Rwy Twy E N Intersection - Closed 2,795 -977 0 0101558 CUP Chiller #6 Rehab - Closed 0 160,427 0 0101560 Terminal Furniture Acq - Open 0 68,231 0 0101562 North Admin Office Remodeling - Closed 0 996,512 0 0101563 HQ Fitness Center 700043 Closed 0 238,387 0 0101571 Replace Remote Cannon System - Closed 0 110,000 0 0101572 Govt Island Grassland Mit-Ph 1 700129 Open 0 0 85,000 55,300101574 Replace 16 BOD Meters* - Candidate 0 0 0 410,000101575 PIC Ditch Benching* - Candidate 0 0 150,000 0101579 EV Charging Stations* - Open 0 0 65,000 14,400101583 AM PDX S.CargoCenterEast-Disc* - Candidate 0 0 0 206,049101586 Pub Safety&Security Garage Exp - Candidate 0 0 0 70,000101588 Concessions Term Furniture* - Candidate 0 0 90,000 135,000101590 South Curbside Input Point* - Closed 0 0 4,320,000 0101591 CCA Canopy Extension* - Candidate 0 0 500,000 0101592 CCA HVAC Capacity Upgrade* 700140 Open 0 14,558 1,100,000 560,000101593 Service Corridor Refurb* - Candidate 0 0 200,000 242,400101594 Term Carpet Replace Program* 700086 Open 0 0 0 3,020,000101595 Wi-Fi Operational Upgrade* - Candidate 0 0 500,000 500,000101608 WaterLineUpgrade-7640AirportWy - Closed 0 154,692 0 0101609 MX Vehicle Replace Program* - Closed 0 0 860,000 0101610 CUPPS Upgrade* - Candidate 0 0 0 260,000



Project Number



Status Summary 2009-10 Actua l 2010-11 Actua l 2011-12 Budget 2012-13 Budget

101611 Common Use Equipment Upgrade* - Candidate 0 0 500,000 500,000101612 Airtrans Waterline Upgrade* - Closed 0 67,263 0 0101613 Underground Hydrants - SRWY* - Closed 0 0 50,000 0101614 IRNE - Fiber Diversity/Loop* - Candidate 0 0 600,000 120,000101615 P1 Lighting Upgrade* - Open 0 0 0 1,100,000101617 UpperRdwyExpan Joint Replace* 700139 Open 0 0 715,000 35,750101618 PDX Preconditioned Air Ph1* - Closed 0 0 3,000,000 0101620 Concourse Connector Auto Start - Open 0 32,616 0 0101634 CUP Chiller #5 Rehab - Closed 0 172,554 0 0101650 Airfield Hybrid Vehicles 700108 Open 0 64,019 0 0101656 PDX Series 21 Bond ALCC - Closed 0 -34,768 0 0101666 Skylights Rehab Program - Candidate 0 0 0 2,388,000101671 PDX HVAC Controls Upgrade - Open 0 2,501 0 0101687 MX Vehicle Program FY12/13 700122 Candidate 0 0 0 915,000101694 South Apron PCC Joint Rehab 700121 Candidate 0 0 0 10,000101695 Terminal Apron PCC Joint Rehab 700121 Candidate 0 0 0 155,560101698 ATC Pavement Rehab Phase 2 700123 Open 0 0 0 6,915,620

101699 ATC Pavement Rehab Phase 3 700123 Candidate 0 0 0 11,900,000101700 ATC Pavement Rehab Phase 4 700123 Candidate 0 0 0 990,000101722 CCA Roof Rehab 700126 Candidate 0 0 0 708,000101723 CCB Roof Rehab 700126 Candidate 0 0 0 540,000101724 CCD Ext Roof Rehab 700126 Candidate 0 0 0 425,000101725 Central Term Roof Rehab 700126 Candidate 0 0 0 425,000101726 CCE Roof Rehab 700126 Candidate 0 0 0 150,450101727 N Term Excl N Node Roof Rehab 700126 Candidate 0 0 0 816,000101728 Taxiway C Rehabilitation West 700127 Open 0 0 0 6,875,042101734 Police Records Mgmt Sys Up - Candidate 0 0 0 300,000101765 North Tunnel Art - Candidate 0 0 0 450,000101768 HQP2 Slurry Seal 700138 Candidate 0 0 0 10,000101770 Upper Outer Rd PCC Seal 700139 Candidate 0 0 0 88,600101771 Economy Red Lot Bus RouteRehab 700139 Candidate 0 0 0 700,000101772 Terminal Roadway Rehab 700139 Candidate 0 0 0 1,700,000101773 Red Lot NW Corner Reconstruct 700139 Candidate 0 0 0 1,200,000101774 Blue Lot Bus Route Rehab 700139 Candidate 0 0 0 790,000101775 North Vendor Gate Access Road 700139 Candidate 0 0 0 70,000101776 East Economy Lot Bus Route 700139 Candidate 0 0 0 850,000101809 NREX28G GlideslopeDitchGrading 700052 Candidate 0 0 0 95,000810009 I-205 AW Big Fix - Open 1,700,000 1,202,250 0 0810010 122nd AP Way Int Imp-Cond - Closed 682,187 0 0 0810012 I-205 SB off Int Imp @ AW-Cond - Closed 85,297 0 0 0810013 Alderwood&CornF-47th Trans Imp - Closed 0 864,996 0 0810021 I-205 NB Aux AW to Columbia - Candidate 0 0 1 0810022 I-205 NB Aux I-84 to Columbia - Candidate 0 0 1 0810044 PFC Refunding Bond 2009 - Closed 8,354 0 0 0810058 MarDr LeveeDredgeSleeveDecom* - Candidate 0 0 150,000 0810059 Alderwood Path Rehab* - Candidate 0 0 0 48,000

0 Skylights Rehab - Candidate 0 500,000 500,000101438 Tickt Countr Conveyor Controls - Closed 0 0 550,000 0101445 Term Roof Rehab Excl. N. Node - Closed 0 0 2,515,000 0

Grand Total 188,674,878 117,665,094 104,234,981 107,053,767

TOTAL AIRPORT CONSTRUCTION FUND 188,674,878 117,665,094 104,234,981 107,053,767 CAPITALIZED LABOR (9,363,494) (9,745,282) (8,916,577) (8,952,331) CAPITAL OUTLAY 179,311,384 107,919,812 95,318,404 98,101,436


PASSENGER FACILITY CHARGE (PFC) FUND

The Passenger Facility Charge Fund accounts for activity relating to PFCs derived from Portland International Airport.

PFCs are fees authorized by the Aviation Safety and Capacity Expansion Act of 1990 (the PFC Act) and administered by the Federal Aviation Administration (FAA). The PFC Act requires air carriers and their agents to collect the PFCs and to remit collection to the airport once a month. The use of PFCs is regulated by the PFC Act and the FAA to certain types of airport projects.

The PFC Fund requirements include transfers to the Airport Construction Fund (or any other applicable Fund of the Port) to pay for the costs of projects or portions of projects that have been approved for PFC use by the FAA. The requirements also include transfers to the PFC Bond Fund for debt service payments and other costs relating to the outstanding PFC Revenue Bonds.


RESOURCES AND REQUIREMENTS – PFC FUND

PFC (PASSENGER FACILITY CHARGE) FUNDADOPTED PROPOSED APPROVED ADOPTED



RESOURCES


PASSENGER FACILIT Y CHARGE 25,696,717 26,987,640 27,184,500 27,500,000 27,500,000 27,500,000

BOND AND OT HER DEBT PROCEEDS 0 0 130,000,000 0 0 0

INT EREST AND OT HER 431,930 50,383 138,125 60,480 60,480 60,480

CASH TRANSFERS FROM OTHER FUNDS

AIRPORT CONST RUCT ION FUND 1,566,727 0 0 0 0 0

TOTAL RESOURCES 62,383,176$ 35,112,241$ 165,791,146$ 55,910,170$ 55,910,170$ 55,910,170$

REQUIREMENTS

OTHER REQUIREM ENTS

LET T ER OF CREDIT / OT HER BOND FEES 1,260,936$ 1,051,096$ 700,000$ 600,000$ 600,000$ 600,000$

CASH TRANSFERS TO OTHER FUNDS:

PFC BOND FUND 10,495,231 10,633,777 39,310,155$ 16,418,615$ 16,418,615$ 16,418,615$

AIRPORT CONST RUCT ION FUND 42,552,792 10,000,000 0 7,000,000 7,000,000 7,000,000

AIRPORT REVENUE FUND 0 0 100,000,000 0 0 0

TOTAL CAS H TRANS FERS TO OTHER FUNDS 53,048,023$ 20,633,777$ 139,310,155$ 23,418,615$ 23,418,615$ 23,418,615$

CONTINGENCIES 25,780,992$ 31,891,555$ 31,891,555$ 31,891,555$

ENDING BALANCE 8,074,218$ 13,427,368$



AIRPORT REVENUE BOND FUND

The Airport Revenue Bond Fund accounts for the principal and interest payments due on Airport Revenue Bonds. Resources consist of transfers from the Airport Revenue Fund; bond sale proceeds and interest income. In certain years, there are also transfers from the Airport Construction Fund to pay for interest expense while bond-financed assets are being constructed. There are no property taxes associated with Airport Revenue Bonds.


RESOURCES AND REQUIREMENTS – AIRPORT REVENUE BOND FUND

AIRPORT REVENUE BOND FUNDADOPTED PROPOSED APPROVED ADOPTED



RESOURCES


BOND AND OT HER DEBT PROCEEDS 0 4,286,823 0 4,400,000 4,400,000 4,400,000

INT EREST ON INVEST M ENT S 59,795 39,590 101,000 26,040 26,040 26,040



AIRPORT CONST RUCT ION FUND 0 0 400,000 2,200,000 2,200,000 2,200,000

TOTAL RESOURCES 66,133,218$ 74,734,744$ 84,921,059$ 79,995,245$ 79,995,245$ 79,995,245$

REQUIREMENTS

PRINCIPAL PAYM ENT S 23,320,000$ 29,726,089$ 24,385,000$ 25,910,000$ 25,910,000$ 25,910,000$

INT EREST PAYM ENT S 26,512,875 24,985,989 24,668,569 28,530,932 28,530,932 28,530,932

UNAPPROPRIAT ED ENDING BALANCE 16,300,343 20,022,666 35,867,490 25,554,313 25,554,313 25,554,313



DEBT SERVICE REQUIREMENTS – AIRPORT REVENUE BOND FUND



2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

PRINCIPAL PAYM ENTS

SENIOR LIEN BONDS

SERIES 12 7,920,000$ 2,771,667$ 0$ 0$ 0$ 0$

SERIES 15 8,350,000 4,040,000 0 0 0 0

SERIES 18 5,570,000 6,420,862 5,820,000 6,085,000 6,085,000 6,085,000

SERIES 19 1,480,000 1,840,000 2,350,000 2,465,000 2,465,000 2,465,000

SERIES 20 0 14,653,560 7,995,000 8,350,000 8,350,000 8,350,000

SERIES 21 0 0 8,220,000 9,010,000 9,010,000 9,010,000

SERIES 22 0 0 0 0 0 0

TOTAL PRINCIPAL PAYM ENTS 23,320,000$ 29,726,089$ 24,385,000$ 25,910,000$ 25,910,000$ 25,910,000$

INTEREST PAYM ENTS

SENIOR LIEN BONDS

SERIES 12 6,754,512$ 2,121,407$ 0$ 0$ 0$ 0$

SERIES 15 5,438,450 5,011,168 1,399,750 0 0 0

SERIES 18 7,399,125 5,603,552 7,114,000 6,625,000 6,625,000 6,625,000

SERIES 19 6,920,787 6,846,788 6,754,788 6,696,038 6,696,038 6,696,038

SERIES 20 0 4,799,539 6,840,031 6,663,156 6,663,156 6,663,156

SERIES 21 0 603,535 2,560,000 6,346,738 6,346,738 6,346,738

SERIES 22 0 0 0 2,200,000 2,200,000 2,200,000

TOTAL INTEREST PAYM ENTS 26,512,875$ 24,985,989$ 24,668,569$ 28,530,932$ 28,530,932$ 28,530,932$


PFC BOND FUND

The Passenger Facility Charge (PFC) Bond Fund accounts for principal and interest payments relating to the PFC Revenue Bonds at PDX.

Activity in the Fund includes transfers from the PFC Fund to meet debt service requirements on the PFC Revenue Bonds, interest income on the money held therein, and the debt service reserve for the PFC Revenue Bonds.


RESOURCES AND REQUIREMENTS – PFC BOND FUND

PF C (PASSENGER F ACIL IT Y CHARGE) BOND F UNDA D O PT ED PR O PO SED A PPR O VED A D O PT ED

A C T U A L A C T U A L B U D G ET B U D G ET B U D G ET B U D G ET

RESO URCES & REQ UIREM ENT S 2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

RE S OURCE S

BEG IN N IN G WO R KIN G C APIT AL 10,914,263$ 10 ,774 ,038$ 10 ,770,975$ 15 ,472,567$ 15 ,472,567$ 15 ,472,567$

IN T ER EST O N IN VEST M EN T S 33,499 60 ,856 221,000 35,560 35,560 35,560

BO N D AN D O T H ER D EBT PR O C EED S 0 0 13 ,000,000 0 0 0

C A SH T R A N SF ER S F R O M O T H ER F U N D S:

PF C F U N D 10,495,231 10,633 ,777 39 ,310,155 16,418,615 16,418,615 16,418,615

TOTAL RE S OURCE S 21,442,993$ 21 ,468 ,671$ 63 ,302,130$ 31 ,926,742$ 31 ,926,742$ 31 ,926,742$

RE QUIRE M E NTS

PR IN C IPAL PAYM EN T S 4,870,000$ 5 ,145 ,000$ 24 ,773,333$ 7 ,175,000$ 7 ,175,000$ 7 ,175,000$

IN T ER EST PAYM EN T S 5,798,955 5,521 ,158 14 ,757,821 9,279,175 9,279,175 9,279,175

U N APPR O PR IAT ED EN D IN G BALAN C E 10,774,038 10,802 ,513 23 ,770,975 15,472,567 15,472,567 15,472,567

TOTAL RE QUIRE M E NTS 21,442,993$ 21 ,468 ,671$ 63 ,302,130$ 31 ,926,742$ 31 ,926,742$ 31 ,926,742$

PFC BOND FUND DEBT SERVICE REQUIREMENTS – PFC BOND FUND

PF C BOND F UND-DEBT SERVICE REQ UIREM ENT SA D O PT ED PR O PO SED A PPR O VED A D O PT ED

A C T U A L A C T U A L B U D G ET B U D G ET B U D G ET B U D G ET

2009-10 2010-11 2011-12 2012-13 2012-13 2012-13

PR IN C IPA L PA YM EN T S

PF C ISSU E: SER IES 1999B 4,785 ,000$ 5 ,060 ,000$ 20 ,350 ,000$ 5 ,655 ,000$ 5 ,655 ,000$ 5 ,655 ,000$

PF C ISSU E: SER IES 2009A1 & A2 85,000 85 ,000 90,000 95,000 95,000 95,000

PF C ISSU E: SER IES 2011 0 0 4 ,333 ,333 1,425 ,000 1,425 ,000 1,425 ,000

T O T A L PR IN C IPA L PA YM EN T S 4,870,000$ 5 ,145 ,000$ 24 ,773 ,333$ 7 ,175 ,000$ 7 ,175 ,000$ 7 ,175 ,000$

IN T ER EST PA YM EN T S

PF C ISSU E: SER IES 1999A & B 2,511 ,412$ 2 ,604 ,413$ 2 ,313 ,463$ 2 ,159 ,650$ 2 ,159 ,650$ 2 ,159 ,650$

PF C ISSU E: SER IES 2009A1 & A2 3,287 ,543 2,916 ,745 3 ,000 ,000 3,355 ,000 3,355 ,000 3,355 ,000

PF C ISSU E: SER IES 2011 0 0 9 ,444 ,358 3,764 ,525 3,764 ,525 3,764 ,525

T O T A L IN T ER EST PA YM EN T S 5,798,955$ 5 ,521 ,158$ 14 ,757 ,821$ 9 ,279 ,175$ 9 ,279 ,175$ 9 ,279 ,175$


APPENDIX


PROPERTY TAX LEVY AND COLLECTION ESTIMATES

Fiscal Year Tax Levy Discount Allowed Cancellation &

Adjustments Property Tax

Revenue

Actual 2008-09 9,002,244$ (219,856)$ (55,494)$ 8,726,894$ -2.4% -0.6% 96.9%

Actual 2009-10 9,312,811$ (228,688)$ (47,805)$ 9,036,318$ -2.5% -0.5% 97.0%

Actual 2010-11 9,595,717$ (239,237)$ (84,418)$ 9,272,062$ -2.5% -0.9% 96.6%

Budget 2011-12 9,958,690$ (248,967)$ (398,348)$ 9,311,375$ -2.5% -4.0% 93.5%

Budget 2012-13 10,199,790$ (254,995)$ (407,992)$ 9,536,804$ -2.5% -4.0% 93.5%

Fiscal Year Estimated Actual Estimated ActualFY 2008-09 128,025,108,535$ 129,030,455,057$ 4.0% 4.8%FY 2009-10 133,371,039,565$ 133,749,828,598$ 3.4% 3.7%FY 2010-11 137,690,098,548$ 137,998,621,264$ 2.9% 3.2%FY 2011-12 142,064,060,646$ 141,932,410,864$ 2.9% 2.9%FY 2012-13 145,503,430,321$ 2.5%

Levy Rate per $1,000Fiscal Year Estimated Actual per TSCC Difference Assessed ValueFY 2008-09 8,974,560$ 9,045,035$ 70,475 0.0701FY 2009-10 9,349,309$ 9,375,863$ 26,554 0.0701FY 2010-11 9,652,075$ 9,673,703$ 21,628 0.0701FY 2011-12 9,958,690$ 9,949,462$ -9,228 0.0701FY 2012-13 10,199,790$

Fiscal Year Estimated Actual Tax Revenue Estimated ActualFY 2008-09 8,615,578$ 8,726,894$ 0.96 0.96FY 2009-10 8,881,844$ 9,036,318$ 0.95 0.96FY 2010-11 9,024,690$ 9,272,062$ 0.94 0.96FY 2011-12 9,311,375$ 0.94FY 2012-13 9,536,804$ 0.94

Assessed Value Assessed Value Growth

Tax Levy

Taxes Received % of Taxes Received


OTHER PAYROLL EXPENSE ESTIMATES

FY2012-13 BUDGET SOCIAL SECURITY

ALL POSITIONS 6.20% on first $110,100 MEDICARE

ALL POSITIONS 1.45% on total gross salary MEDICAL AND INSURANCE

MERIT GROUP Medical $1,166 per month Vision & Dental (included in Medical) Disability $0.43 per $100 of salary Life $0.38 per $1,000 of salary CONTRACT GROUPS Medical $910 to $1,658 per month Vision & Dental (included in Medical) RETIREMENT

EMPLOYEE PICKUP 6.00% of Payroll, full cost, all employees EMPLOYER PORTION 9.32% of Payroll, full cost, PERS Tier 1 & 2 EMPLOYER PORTION 6.19% of Payroll, full cost, OPSRP General EMPLOYER PORTION 8.9% of Payroll, full cost, OPSRP Fire & Police OTHER

MARINE TERMINAL MAINTENANCE Disability $0.048/$1 of benefit


PERSONNEL SERVICES BUDGET GRADE COMPARISON BY POSITION

Personal Services Budget Grade Comparison by Position

Grade 72 Grade 76Current Range: $29,861 to $43,768 Current Range: $46,656 to $71,099

Accts Payable Tech I Access Sys AdministratorAdco I Administrative SupvAdministrative Coord 1 Driver Airside Ops Specialist I

Client Technical AnalystEngineering Tech IV

Grade 73 Environ/Safety Tech ICurrent Range: $33,256 to $49,198 Environ/Safety Tech III

Accts Payable Tech II Facilities Mntc CoordAdco I Financial Analyst IIAdco II General Bus Analyst IIEngineering Tech I HR Consultant IIHR Information Specialist Inspector II

Lease Plat AdministratorLegal Assistant II

Grade 74 Marcom Designer IICurrent Range: $37,137 to $55,481 Marcom Services Coord II

Accountant I Market Dev Proj Mgr IAdco II Noise Abatement Analyst 2Adco III Planner IIBilling Specialist II Research Analyst IIBuyer/Purchasing Agent I Security Ops Spec IIEng. Tech II - Utility Locator Surveyor IEngineering Tech II Telecom Ops SpecialistEnviron/Safety Tech I Terminal Services SupvPayroll Specialist II

Grade 77Grade 75 Current Range: $53,460 to $81,923

Current Range: $41,527 to $62,643 Accountant III

Accountant II Accts Payable SupvArt & Entnmt Coordinator Airside Ops SpecialistBuyer/Purch Agent II Airside Ops Specialist IIContracts Administrator I Applic Progr Analyst IIEngineering Tech III Asset Management SpecialistEnviron/Safety Tech II Business Sys Analyst IExecutive Assistant Buyer/Purch Agent IIIGeneral Business Analyst I Claims SpecialistInternal Auditor I Community Affairs Pgm MgrLegal Assistant I Contracts Admin IIMarketing Web Developer I Engineering DesignerPhoto/Audio-Visual Specialist Engineering Designer IIRecords Specialist Environmental Spec ISecurity Ops Spec I Environmental Spec IITechnical Writier I Inspector IIIVolunteer Coordinator Legal Supervisor

Maint Planner/Sched IIMarcom Designer IIIMarine Operations SupvMarine Suptd IMarine Suptd IIMarketing Web Developer IINoise Abatement Analyst 3




Grade 77 Continued Grade 79Current Range: $53,460 to $81,923 Current Range: $68,708 to $107,382

Permit Coordinator Accounting ManagerProperty Manager I Applic Progr Analyst IIIPub Aff/Comm Prog Mgr I Assistant T6 ManagerRecords Analyst Claims Program MgrRisk Analyst I Community Affairs MgrSurveyor II Construction Mgr IiTechnical Support Mgr Customer Service Mgr

Technical Writer III Data Architect IITelecom Technician II Development Proj Mgr IITelecom Technician III Dredge Captain

Dredge Chief EngineerEmergency Program ManagerEnvironmental Project Mgr IIEnvironmental Specialist II

Grade 78 Financial Mgr IICurrent Range: $60,495 to $93,717 IT Program Manager

Airside Ops Planner IT Systems Engineer IIIApp Programmer Analyst III Maintenance Mgr IBusiness Systems Analyst - GIS Market Dev Proj Mgr IIIBusiness Systems Analyst II Noise Prog/Spec Proj MgrBuyer/Purch Agent IV Operations Manager ICash/Investment Pgm Mgr Planner IVCommercial Rdwy Sys Mgr Police LieutenantConstruction Coordinator Project Engineer IIIContracts Admin III Property Manager II

DBE Program Manager II Public Information MgrDevelopment Proj Mgr I Purchasing ManagerDistrib/Support Svcs Mgr Risk Analyst II

Electronic Comm Proj Mgr Safety Loss Prev Manager

Emergency Supervisor Security Manager IIEMS Program Manager Shore SuptdEngineering Support Mgr Survey ManagerEnvironmental Project Mgr I Web Content Project MgrFinancial Analyst IIIGeneral Business Analyst IIIHR Consultant IIIInternal Auditor IIIIT Client Services ManagerMaintenance Suptd IIMarketing Web Developer IIIParking Systems MgrPlanner IIIProject Engineer IIPub Aff/Comm Prog Mgr IIRecords ManagerResearch Analyst IIISafety AdministratorSecurity Manager IStaff Asst/Commission SecSurveyor IIITelecom Facility Prog MgrTelecom Tech III




Grade 80 Grade 82Current Range: $78,642 to $124,154 Current Range: $103,281 to $166,860

Construction Mgr III Assistant General CounselDevelopment Proj Mgr III Chief EngineerEngrg Project Mgr I Chief Information OfficerEnviron Project Mgr II Chief Pub Safety OfficerEnviron Project Mgr III Engineering Manager IIIHR Manager IIInfo & Telecom Mgr

Internal Audit MgrMaintenance Mgr IIMarket Dev Proj Mgr IVOperations Manager IIPlanning ManagerPolice CaptainProject Engineer IVProperty Manager IIIPurchasing & Admin Mgr

Real Estate Program MgrResearch & Program MgrSenior Manager Trade & DevelopSystems Engrg MgrTerminal Manager

Grade 81Current Range: $90,021 to $144,034

Business & Property MgrBusiness Systems Mgr IIConstruction Mgr IV

Controller

Corp Environmental MgrCorp Property/Dev MgrDept Marketing MgrDept Operations ManagerDept Planning & Dev MgrEngineering Manager IIEngrg Project Mgr IIFinancial Mgr IIIFire ChiefGovt Relations MgrNavigation Division MgrOps Environ Safety Mgr IIPolice ChiefProject Portfolio Office MgrRisk Manager


INTERFUND TRANSFERS

GENERAL FUND

ADM IN ISTRATION

M ARIN E

IN DU STRIAL

DEVELOP.

GEN ERAL

AVIATION

DEVELOPM EN T

SERVIC ES &

IN FORM ATION

TEC H N OLOGY

(ALLOC ATED

SU PPORT

SERVIC ES) OTH ER EN V.

ALLOCATED SUPPORT SERVICES & INTRAFUND TRANSFERS

ALLOCATED SUPPORT SERVICES

ALLOCATION 4,690,875$ 1,655,286$ 844,689$ 1,838,892$ 0 1,279,007$

REIMBURSEMENT

EXECUTIVE (11,548,102)

FINANCE & ADMINISTRATION (19,866,828)

TOTAL ALLOCATED SUPPORT SERVICES 4,690,875$ 1,655,286$ 844,689$ 1,838,892$ (31,414,930)$ 1,279,007$

INTRAFUND TRANSFERS GENERAL FUND

DEVELOPMENT SERVICES & INFORMATION TECH 877,782$ 136,860$ 33,029$ 216,269$ 0

AIRPORT REVENUE FUND

TOTAL INTRAFUND TRANSFERS 877,782$ 136,860$ 33,029$ 216,269$ 0$ 0$

INTERFUND & CASH TRANSFERS

INTERFUND TRANSFERS TO:

GENERAL FUND 0 0 0 0 0 0

AIRPORT REVENUE FUND 70,000 22,662 4,228

TOTAL INTERFUND TRANSFERS 70,000$ 0$ 22,662$ 0$ 4,228$ 0$

CASH TRANSFERS TO:GENERAL FUND

BOND CONSTRUCTION FUND

AIRPORT REVENUE FUND 1,785,361

AIRPORT CONSTRUCTION FUND

AIRPORT REVENUE BOND FUND

PFC BOND FUND

TOTAL CASH TRANSFERS 0$ 0$ 1,785,361$ 0$ 0$ 0$

TOTAL INTERFUND& CASH TRANSFERS 70,000$ 0$ 1,808,023$ 0$ 4,228$ 0$

M ARIN E

& IN DU STRIAL DEVELOP.


INTERFUND TRANSFERS (CONT’D)

GEN FUND -

CON'T

OTH ER

AIRPORT

REVENUE FUND

BOND CONST .

FUND

AIRPORT

CONST . FUND PFC FUND

AIRPORT REV.

BOND FUND

PFC BOND

FUND T OT AL

0 21,106,181$ 0 0 0 0 0 31,414,930$

(11,548,102)

(19,866,828)

0$ 21,106,181$ 0$ 0$ 0$ 0$ 0$ 0$

1,263,939$

6,674,012 6,674,012

0$ 6,674,012$ 0$ 0$ 0$ 0$ 0$ 7,937,951$

21,999,918$ 6,090,952$ 7,578,327$ 0 0 0 35,669,197$

35,745 1,374,004 1,506,639

0$ 21,999,918$ 6,126,698$ 8,952,331$ 0$ 0$ 0$ 37,175,836$

2,848,335$ 2,848,335$

24,222,601 0 24,222,601

1,785,361

28,576,460 7,000,000 35,576,460

52,214,892 2,200,000 54,414,892

16,418,615 16,418,615

24,222,601$ 83,639,686$ 0$ 2,200,000$ 23,418,615$ 0$ 0$ 135,266,263$

24,222,601$ 105,639,604$ 6,126,698$ 11,152,331$ 23,418,615$ 0$ 0$ 172,442,099$


STATEMENT OF INDEBTEDNESS (PORT OF PORTLAND OBLIGATION)

JULY 1 JULY 1 JULY 1 JULY 1

2010 2011 2012 2013

BONDS OUTSTANDING

BONDED DEBTPORT OBLIGATIONLIMITED TAX PENSION BONDS SERIES 2002 51,110,721$ 50,359,573$ 49,567,304$ 48,738,664$

LIMITED TAX PENSION BONDS SERIES 2005 19,305,000 18,945,000 18,510,000 18,000,000

SUB-TOTAL PORT OBLIGATION 70,415,721$ 69,304,573$ 68,077,304$ 66,738,664$

PDX DEBT

REVENUE BONDS 504,420,000$ 482,990,000$ 458,605,000$ 478,895,000$

PASSENGER FACILITY CHARGE (PFC) BONDS 104,645,000 99,500,000 174,122,701 166,947,701

SUB-TOTAL PDX DEBT 609,065,000$ 582,490,000$ 632,727,701$ 645,842,701$

SUB-TOTAL BONDED DEBT 679,480,721$ 651,794,573$ 700,805,005$ 712,581,365$

OTHER DEBT

CITY OF PORTLAND L.I.D. 7,221,557$ 6,766,041$ 6,285,692$ 5,779,156$

CONNECT OREGON 3,106,604 2,906,604 2,595,944 2,285,284

STATE OF OREGON NOTES: OBDD 11,367,511 11,041,779 10,644,926 10,217,456

PDX LINE OF CREDIT 41,720,614 41,720,614 0 0

FUTURE DEBT 0 0 0 15,000,000

CAPITALIZED LEASES 3,207,858 3,207,859 2,584,186 2,281,079

SUB-TOTAL OTHER DEBT 66,624,144$ 65,642,897$ 22,110,748$ 35,562,975$

TOTAL PORT INDEBTEDNESS 746,104,865$ 717,437,470$ 722,915,753$ 748,144,340$


STATEMENT OF INDEBTEDNESS (INDUSTRIAL DEVELOPMENT REVENUE BOND)

JULY 1 JULY 1 JULY 1 JULY 1

2010 2011 2012 2013

INDUSTRIAL DEVELOPMENT REVENUE BONDS(OBLIGATION OF LESSEE OR OWNER OF FACILITY)

COLUMBIA GRAIN INC. 38,100,000$ 38,100,000$ 38,100,000$ 38,100,000$

HORIZON AIR INDUSTRIES, INC. 17,300,000 17,300,000 17,300,000 17,300,000

PORTLAND BULK TERMINALS, L.L.C. SERIES 2006 71,000,000 71,000,000 71,000,000 71,000,000

TOTAL 126,400,000$ 126,400,000$ 126,400,000$ 126,400,000$


PERSONNEL SERVICES SUMMARY

ADOPTED ADOPTED ADOPTED

FULL TIME EQUIVALENT POSITIONS BUDGET BUDGET BUDGET

FY BUDGET TO FY BUDGET 2010-11 2011-12 2012-13

OPERATING DIVISIONS

COMMERCIAL AVIATION (1) 359.5 365.2 362.2

GENERAL AVIATION 8.0 8.0 8.0

MARINE & INDUSTRIAL DEVELOPMENT (2) 107.8 107.8 109.8

NAVIGATION DIVISION 43.3 38.8 41.9

TOTAL OPERATING DIVISIONS 518.6 519.8 521.9

ADM INISTRATION DIVISIONS

ENGINEERING 80.0 76.0 77.0

DEVELOPMENT SERVICES AND INFORMATION TECHNOLOGY 54.5 53.6 53.6

CORPORATE ADMINISTRATION 129.3 132.6 134.1

TOTAL ADM INISTRATION DIVISIONS 263.8 262.2 264.7

TOTAL PORT EMPLOYEES 782.4 782.0 786.6

RATIO: ADMIN. TO OPERATING 0.51 0.50 0.51

(1) FIREFIGHTERS WERE RESTATED TO REFLECT 2080 HOUR BASIS. PRESENTLY THEY WORK 2912 HOURS PER YEAR

(2) EXCLUDES LONGSHORE EMPLOYEES


RISK MANAGEMENT INSURANCE PLAN

EXECUTIVE SUMMARY

The Port funds its exposure to loss arising out of the Port’s business operations through an insurance plan consisting of a combination of self-insured and commercially insured programs. The plan is designed to self-insure predictable losses arising from normal business activities and transfer catastrophic loss potentials to commercial insurers.

The goals of the insurance plan are to:

Maintain the types, amounts and combination of commercial insurance and self-insurance necessary to protect the Port against financial loss arising from its business activities;

Maintain the types and amounts of insurance required by any applicable laws and ordinances;

Manage/reduce impacts to the Port’s budget from changes in insurance market conditions.

To the extent that commercial insurance is available at reasonable and economical costs or required by law, the Port’s Insurance Plan will include the following types of commercial insurance:

Comprehensive General Liability Insurance covering the legal and contractual liability of the Port for bodily injury and property damage with respect to the Port’s ownership, development, operation or other interest in owned or leased premises;

Workers’ Compensation Insurance covering obligations under the Workers’ Compensation Law;

Commercial Property Insurance and business interruption covering physical loss or damage to insurable Port property;

Hull and Machinery Insurance and Protection and Indemnity Insurance covering physical loss or damage to scheduled vessels, including liability of the Port under the Jones Act;

Commercial Crime Insurance or surety bonds to protect the Port against loss of assets from disappearance, dishonesty or destruction;

Public Officials and Employee Liability Insurance covering damages that the Port becomes legally obligated to pay as a result of any wrongful act of directors, officers, employees, and/or Commissioners; committed by performing or failing to perform duties of the Port.


To the extent that self-insurance is reasonable, economical and allowed by law, the Port may self-insure some or all of the following exposures:

Workers’ Compensation Liability;

Automobile Liability and Automobile Physical Damage.

To the extent that commercial insurance is not available in the market or is not reasonable and economically priced, the Port may not purchase insurance or amounts purchased may be less than predictable exposure to loss. This may apply to the following types of insurance:

Gradual Environmental/Pollution Liability;

War and Terrorism Liability;

Earthquake and Flood Insurance.

Premiums associated with insured programs and costs associated with the self-insured workers’ compensation program are included in the operating departments' budgets. Other costs associated with self-insured programs are paid from working capital.


GLOSSARY OF TERMS

Administrative Divisions

Generally defined as Engineering, Executive Administration, Public Affairs (Media & Government Relations, Environmental Affairs, and Corporate Marketing) Financial & Administrative Services, Information Technology, Development Services Administration, Human Resources, and Legal.

Allocated support service expense

Administrative expenses (not including Engineering) distributed to operating divisions for recovery purposes based on an established formula.

Beginning working capital

The estimated beginning balance of the fund.

Bond sale proceeds

Money received from bond sales.

Candidate Project (C)

Two types of Capital projects are in the proposed or development stage. Candidate Yes projects which have been given the approval to utilize resources to further develop the business case, scope, budget estimate, project plan to a point where it can be considered by the approval committee to open the project. Candidate No projects which are not actively being developed, but placed on the list as a future need.

Capital outlay

Major expenditures which result in the acquisition of, or, additions to fixed assets, including land, land improvements, buildings and additions, other structures, machinery, and equipment.

Citation Revenue

Revenue generated through the issuance of citations at Portland International Airport.

Consolidation pool revenue

Revenue obtained from combining container cargo from different steamship lines to obtain favorable rail rates on containers shipped east of Denver.

Container revenue

Revenue generated from container operations at Terminal 6.

Contingencies

Estimates for expenditures which cannot be foreseen and planned for in the budget either because of the occurrence of some unplanned event or because of insufficient data at the time the budget is compiled.

Corporate Administration

Corporate Administration is comprised of Executive Administration, Public Affairs (Media & Government Relations, Environmental Affairs, and Corporate Marketing) Finance & Administrative Services, Information Technology, Development Services Administration, Human Resources, and Legal.


Cost allocation

Engineering Division costs are charged directly to projects when the service is provided. The Administrative divisions also charge direct costs to users. The remaining indirect costs in the Administrative divisions are allocated to the operating divisions as allocated support service expense.

Direct transfer capitalized costs

Direct in-house services provided for capital projects.

Ensuing year

The budget year; in this case, it’s Fiscal Year 2012-13.

Equipment fuel and lubricants

Expenses for fuel or lubricants used in the operation of equipment.

Fiscal Year (FY)

A 12-month period beginning July 1 and ending June 30.

Fixed charges

Expenses for insurance, rent, and property taxes.

Full-time equivalent position (FTE)

One FTE equates to 2,080 working hours in a year; several part-time, or temporary employees could be combined to equal one FTE. Excludes overtime hours.

Grants

Estimated grants to be received from federal and state government sources.

Interest on investments

Interest earned through investment of cash balances.

Interfund transfers

Payment for services provided to a division of a different fund.

Land sale proceeds

Revenues generated by land sales.

Longshore contract services

Salaries, wages, and other payroll expenses paid to Ports America for longshore contract services.

Management and travel expenses

Expenses for memberships, dues, subscriptions, promotional, employee education, local and out of town travel, and miscellaneous management activities.

Materials and supplies

Purchase of materials and supplies which have a short life and are usually low in cost.

Miscellaneous expenses

Expenses not accounted for elsewhere, including bad debts.


Open Project (O)

A category of capital projects which are in process to some degree. Costs are being incurred.

Operating Division

The operating divisions are Marine & Industrial Development, Commercial Aviation, General Aviation, and Navigation divisions.

Operating revenue

Revenue resulting from sales or service to customers

Other revenue

Miscellaneous revenue not specifically defined as operating revenue.

Outside service expense

Expenditures for services procured from outside the Port.

Personnel services

Salaries, wages, and other payroll expenses paid to Port employees (does not include longshore contract services).

Rental and concession revenue

Revenue generated through space rentals and percentage of concessionaire revenues.

Revenues

Monies earned through the operation or use of Port land facilities or services.

Second ensuing year

The fiscal year immediately following the budget year.

Services provided

Credits for specific and direct services provided to another Port division.

Services received

Charges for specific and direct services received from another Port division.

Service revenue

Revenue generated by performing a specific service, generally equipment oriented, including rental.

Total project cost

Total estimated cost of a project.

Unappropriated Ending Balance

The estimate intended to provide working capital or cash balance to finance activities for the period between July 1 of the ensuing fiscal year and the time when sufficient new revenues become available to meet cash flow needs of the fund.

Utilities

Cost of electricity, water, telephone, natural gas, sewer, etc…

2012-13 adopted budgetcdn.portofportland.com/pdfs/strategicplanbudget_12-13_adopted.pdf · the port...

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