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Port of Lake Charles adopts audited financials; staff flags lower cash balance, possible bond
Summary
Auditors issued an unmodified opinion for the year ending Dec. 31, 2023, and the board voted to receive and accept the audit. Finance staff reported May revenues of $3.7M but a decline in unrestricted cash from about $33M to $27M and said the port may pursue a bond later in the year.
The Port of Lake Charles commission voted June 24 to receive and accept the audited financial statements for the year ended Dec. 31, 2023, after a presentation from auditor Jason Guillory of McElroy, Quirk & Birch.
"We have issued an unmodified opinion on those financial statements, which means we feel like they present fairly...the financial position of the district," Guillory told the board, and he said the firm issued no findings in the internal control/compliance…
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