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Port finance director reports lower-than-expected September revenue, GOSEP reimbursements rising
Lake Charles Harbor And Terminal District Board of Commissioners · October 30, 2024
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Summary
Finance director reported September revenues of about $3.4 million (about $400,000 unfavorable) due to lower rates on higher tonnage, higher operating expenses, $1.0 million cash flow, and $7.7 million of GOSEP reimbursements received since the last meeting.
Cameron, the port27s finance presenter, told the board on Oct. 30 that revenues for the month ended Sept. 30 were about $3.4 million, roughly $400,000 below budget. The gap reflected higher tonnage handled at lower rates rather than lower volumes. Operating expenses were higher,…
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