Accuracy and Transparency
The financial affairs of the Port of Hueneme are overseen and managed by the Chief Finance and Administrative Officer. The Finance & Administration team is responsible for financial management and reporting, treasury, accounting, budgets, procurement, contract management, risk management, office management, and human resources functions of the Port.
The Port does not assess property taxes on District residences for operations and capital expansions and relies solely on operating revenues to run its day-to-day operations. Operating expenses of the Port are funded from revenues generated by tariff charges, leases, or other contract revenues assessed to Port users.
The Finance & Administration team performs accurate and timely financial reporting, safeguard assets of the Port, and ensure compliance with internal policies and procedures in accordance with Generally Accepted Accounting Principles, GAAP.
Administration & Finance: Our Key Objectives
- Perform accurate and timely financial reporting, safeguard assets of the Port, and ensure compliance with internal policies and procedures and GAAP principles.
- Manage the risk management function to ensure the Port is adequately covered by insurance.
- Fulfill the personnel plan by recruiting employees as needed, properly administer employee compensation and benefit packages, oversee employee relations matters and provide employee training.
- Oversee and administer restricted and un-restricted fund reserves for the timely and accurate reporting of investments. Develop and maintain the financial planning of reserves in order to support potential Port infrastructure, additions, modifications or upgrades.
- Oversee the administration of Port offices to ensure proper workspace, storage and employee accommodations exist.
Austin Yang takes over as the new CFO/CAO at the Port of Hueneme
Mr. Yang assumes the role as of March 6th, 2023.
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[PORT HUENEME, CA – March 8, 2023] – The Port read more
FIRST Robotics Competition Brings the Excitement of Sport and Rigor of Science and Tech to the Port of Hueneme
1,400 high school students compete with their best in tech and engineering
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[Port Hueneme, CA – March 4, 2023] — read more
Andrew Palomares, Deputy Executive Director, CFO/CAO, retires from the Port of Hueneme
Focused on Financial Excellence and Organizational Growth, Mr. Palomares is retiring on March 3, 2023
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[PORT HUENEME, CA – March read more