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December revenues $3.5M; port reports $5.7M received from FEMA and $8.08M more submitted
Summary
Finance staff reported $3.5 million in December revenues, lower than forecast by about $700,000, and briefed the board on FEMA GOSEP reimbursements, including $5.7 million recently received and $8.08 million more submitted.
Lake Charles Harbor and Terminal District finance staff told the board on Jan. 30 that December revenues totaled $3,500,000, about $700,000 unfavorable to budget, with a net cash flow for the month of $1,100,000.
Mister Cameron reported operating revenues were down because of lower barge and petroleum coke tonnages; operating expenses were favorable roughly $100,000 because of reduced activity. Nonoperating revenues and expenses were unfavorable by about $100,000, driven in part by timing of…
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