The Port Commission approved Port Houston’s fiscal year 2016 Comprehensive Annual Financial Report (CAFR) at a public meeting April 25.
Port Houston is required by law to be audited each year by a Certified Public Accountant, and in addition to the auditor’s opinion, the CAFR incorporates Port Houston’s financial statements as well as supporting information.
Port Houston management provides its views on the regional economic outlook, the port’s financial planning and major initiatives. The CAFR serves as an important resource for statistical and financial information.
“We take responsibility for the accuracy and presentation of the CAFR, and we thank the Port Commission for its support to help ensure accountability and fiscal transparency in our financial affairs,” said Curtis Duncan, Controller for Port Houston.