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Port Authority of Evansville approves Sept. minutes, accepts accounts payable; hears financial report
Summary
At its Oct. 6 meeting the Port Authority of Evansville approved the Sept. 8 meeting memorandum, reviewed September financial statements showing a year-to-date net loss, and approved the accounts payable voucher register for September.
The Port Authority of Evansville on Oct. 6 approved the meeting memorandum for Sept. 8, 2025, heard a financial report showing a year-to-date net loss, and accepted the accounts payable voucher register for September.
The meeting was called to order by the board chair (unnamed). The chair asked for a motion to approve the Sept. 8 meeting memorandum; a motion and second were made and the chair said, “Those opposed motion carried to accept the meeting memorandum for 09/08/2025.”
Robert Gunter, Port Authority finance staff, presented the September financial statements comparing 09/30/2025 to 09/30/2024. Gunter said interest income and cash balances were lower than the prior year and noted changes in several line items: “Liability insurance is up 10%,” he said, and reported electrical services at $50,920 compared with $29,005.41 the prior year. Gunter reported total expenditures for the year of $129,003.92, revenue of $99,006.35 and “we have a net loss of the year of 29,757.” He said the authority had $23,153 in cash and $78,007 in investments, for total cash and investments of $101,001.61, and that $54,304 was in the conferencing account.
Gunter told the board the authority can draw up to $96,250 from the parks fund to supplement the Port Authority fund and anticipated that Parks’ property tax settlements in November and December would allow a transfer to shore up balances.
The chair read the Port Authority accounts payable voucher register for September, which listed invoices including Evansville Water Works (invoice $1,352.50 for water services at 610 Northwest Riverside Drive) and Southern Indiana Gas and Electric Company (invoice $5,305.55 for electrical services at the same address). The board received a motion and second to accept the accounts payable vouchers. The chair announced, “All those opposed. Motion carried to accept the accounts payable voucher register for the month of September.”
With no further business, a motion to adjourn was made, seconded and the chair closed the meeting, noting the session lasted about nine minutes.
The meeting record does not identify named movers or roll-call vote counts; motions were carried after members signified their votes verbally.
