Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Board Votes topic
No spam. Unsubscribe anytime.
Lake Charles port board approves routine minutes, fuel contract, compliance responses and a GASB-related budget amendment
Summary
The board approved the Jan. 29 minutes, accepted a motor-fuel bid, approved staff responses to the Louisiana compliance questionnaire, and adopted a noncash budget amendment to correct a GASB 87 calculation; the meeting concluded with a motion to enter executive session.
At its Feb. 26 meeting the Lake Charles Harbor and Terminal District approved several routine items and votes.
Minutes: The board approved the regular meeting minutes for Jan. 29, 2024, by motion and voice vote.
Motor fuel procurement (Submission 2024-007): Staff asked the board to accept the low responsive bid from Lard Oil to supply motor fuel and to authorize Executive Director Richard L. Self to execute related documents. The board moved, seconded and approved the submission by voice vote.
Louisiana compliance questionnaire (Submission 2024-008): Staff presented the district’s annual responses to the legislative auditor’s compliance questionnaire (covering open meetings, public bidding, budget and other matters) and the board approved the responses by motion and voice vote.
Budget amendment (Submission 2024-011): Staff said an error in the GASB 87 present-value calculation of lease revenue and lease interest income resulted from a mis-set box in the Visual Lease system. Staff described the correction as a noncash accounting entry that does not affect cash flow and said the adjustment is below the state statutory 5% threshold that would otherwise require a mandatory adjustment. The board approved the amendment by motion and voice vote.
Executive session: A motion to go into executive session was moved and seconded and carried by voice vote.
Outcomes at a glance: all listed submissions were approved by voice vote during the meeting. Where the record did not provide a roll-call vote tally, the board used voice votes and the chair confirmed attendance and absences for the record.
