At its June 26 meeting the Lake Charles Harbor and Terminal District accepted the completed annual comprehensive financial report and the independent auditors’ unmodified opinion for the year ended Dec. 31, 2024.

Jason Guillory, the audit partner presenting the report for McElroy, Perkin and Birch, told commissioners that the firm issued a clean opinion and found no internal-control or federal-award findings. "You will find our independent auditor's report where we have issued an unmodified or clean opinion on the 2024 financial statements," Guillory said. He also noted the schedule of expenditures of federal awards showed $36,600,000 in FEMA Public Assistance spending for the fiscal year.

Cameron Landry, presenting the May 2025 financial briefing, reported $3.9 million in revenues for May, modestly unfavorable to budget due to lower petcoke and Bayride tonnages offset by higher cement and aggregate activity. He said expenses were $2.7 million, slightly favorable, and cash flow stood around $1.3 million. Landry told the board the district had received $2.1 million toward a project from FEMA and expected another $1.7 million to complete a financing step, and that several multimillion-dollar reimbursement requests were under review.

The board moved to receive and accept the audited financial statements; the motion passed with no recorded objections. Guillory said the port had no findings under the single-audit requirements and therefore was not subject to statewide agreed-upon procedures this year under the Legislative Auditor's program.

Staff also noted that unrestricted cash is elevated in part because of $50 million in interim financing that offsets ongoing construction draws. Commissioners asked no substantive follow-up questions during the presentation. The board accepted the audit and financial report and moved on to other business.