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Port Authority accepts August financial report; approves accounts payable register dated 09/05/2025
Summary
At its Sept. 8 meeting the Port Authority of Evansville accepted the August financial report showing a smaller loss than the prior year and approved the accounts payable voucher register dated Sept. 5, 2025.
The Port Authority of Evansville on Sept. 8 accepted its August 2025 financial report and approved the accounts payable voucher register dated Sept. 5, 2025.
Financial presenter Mr. Gunter reviewed August comparisons to previous years, reporting total revenue of about $99,292 and year-to-date expenditures of $122,838 through August, compared with $228,741 in expenditures at the same point last year. Gunter attributed the year-over-year reduction in expenditures mainly to one-time dredging in the prior year. He reported a net loss of $23,546 for the year to date versus a loss of $127,053 at the same time last year, and said the Port Authority had $29,257 in cash and $77,722 in investments for total cash and investments of $106,980 at month end.
Gunter and other participants noted a sizable increase in electric costs and a drop in interest income; Gunter said the Port has budgeted substantially more for electric payments to CenterPoint for 2026. The group discussed dredging timing and funding; one participant said the $200,000 reimbursement used in prior years was likely from the city’s riverboat (casino) fund but that exact source was not confirmed on the record.
During the meeting the chair read line items from the accounts payable register dated 09/05/2025, including invoices to Evansville Water Works ($676.98 for water service at 161 Building) and multiple invoices to Southern Indiana Gas & Electric Company (including $5,232.55 for 610 NW Riverside Drive). Commissioners voted to accept the financial report and to approve the accounts payable register; motions and seconds were recorded but individual roll-call tallies were not provided.
Board members also discussed that dredging occurs periodically (members said roughly every three to four years) and that the Port should be mindful of funding needs should another dredging be required soon. No new funding appropriations or contracts were authorized at the Sept. 8 meeting beyond approval of the voucher register and acceptance of the financial report.
