Port of Hueneme – Port Financials

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.