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July financial briefing: port reports $4.3 million revenue, Warehouse 300 capitalized; $7.5M state check reissue pending
Summary
District finance staff reported July revenues of $4.3 million and healthy cash flow, noted capitalization of Warehouse 300 to fixed assets, and reported a delayed $7.5 million state payment that staff said is being reissued.
At its Aug. 28 meeting the Lake Charles Harbor and Terminal District received its July 2025 financial briefing, in which staff reported $4.3 million in revenues for July and $1.7 million in cash flow for the month. Finance staff said July revenues were $400,000 unfavorable to budget, driven by lower petroleum coke volumes; operating expenses were about $200,000 favorable due to the same lower tonnage. Depreciation was described as favorable because of timing related to project completions. Staff…
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