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Port Authority of Evansville approves 2024 financial report, voucher registers and meeting minutes
Summary
At its Jan. 13 meeting the Port Authority of Evansville approved the Nov. 4 meeting minutes, accepted year-end financial statements showing a net loss tied to dredging, and approved two accounts-payable voucher registers covering late 2024 invoices.
The Port Authority of Evansville on Jan. 13 approved its Nov. 4 meeting minutes, accepted a year-end financial report showing a net operating loss after a large contractual dredging expense, and approved accounts-payable voucher registers for late 2024 invoices.
The actions were taken at the authority’s regular meeting, which was called to order by the chair. Mr. Gunter presented the financial report dated Dec. 31, 2024, saying the authority finished the year with $73,375 in cash, investments of $46,266 and encumbrances of $3,664. He reported total revenues of about $200,000 and total expenditures of $272,300, producing a net loss of $72,567.75; he identified a large contractual expense for dredging as the primary driver of the gap.
Mr. Gunter told the board that interest income rose roughly 24% compared with the prior year and that the authority had completed a compliance audit in 2024. The board voted to accept the financial report as presented.
The board also reviewed and approved the accounts-payable voucher registers. The register dated Dec. 2, 2024, listed four entries including: BFI Waste Services of Indiana — $399.38 for monthly trash service; City of Evansville — $1.27 for postage; Evansville Water Works — $587.47 for water service at 610 NW Riverside Drive; and two entries from Southern Indiana Gas and Electric Company listed in the register (one read as $144.15 and the transcript also noted "15¢," a discrepancy in the record) and $4,590.23 for electrical services. The register presented at the Jan. 13 meeting contained additional entries: City of Evansville — $0.64 postage; Evansville Water Works — $259.31 for water from Nov. 6 through Dec. 4 at 610 NW Riverside Drive; Southern Indiana Gas and Electric Company — $144.09 for Oct. 30–Nov. 26 electric service at 840 LST Drive; and $5,492.16 for electric service at 610 NW Riverside Drive from Nov. 6 through Dec. 4.
The board voted to approve the voucher registers as read. The meeting contained no new business beyond routine financial oversight; a motion to adjourn carried by voice vote.
Votes at a glance - Approval of minutes (Nov. 4, 2024): motion carried by voice vote; mover and seconder not identified in the record. - Acceptance of financial report (as of Dec. 31, 2024): motion carried by voice vote; mover and seconder not identified in the record. - Approval of accounts-payable voucher registers (previous register dated 12/02/2024 and register presented 01/13/2025): motion carried by voice vote; mover and seconder not identified in the record. - Motion to adjourn: carried by voice vote.
The authority did not list future agenda items during the session and recorded no formal directives or follow-up assignments during the meeting.
