Port Honored For Accounting, Financial Reporting

By  //  March 5, 2014

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net economic impact of $3.5 billion

BREVARD COUNTY • PORT CANAVERAL, FLORIDA – For the 22nd consecutive year, the Canaveral Port Authority has been recognized  with the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR).

The award from the Government Finance Officers Association of the United States and Canada is the highest recognition for governmental accounting and financial reporting.

John Walsh
John Walsh

“We have set high standards for ourselves to operate Port Canaveral with efficiency and accountability,” said Port Canaveral CEO John E. Walsh. “To earn this recognition every year for the past 22 years is a source of pride for our Board and staff and we are committed to continue this record of excellence.”

Port Canaveral has a net economic impact of $3.5 billion in the Central Florida region. Currently, the Port has $568 million in capital projects planned for the next five years and more than $1 billion within 10 years.

Tom Weinberg
Tom Weinberg

According to Tom Weinberg, Chairman of the Canaveral Port Authority, “Our adherence to sound business principles have served the Port Authority and our community well during the past 60 years, allowing us to operate off Port investments without collecting local taxes since 1986 and positioning Port Canaveral as one of Central Florida’s most important economic engines.”

Rodger Rees, Canaveral’s Chief Financial Officer added, “In the short time I have been associated with the Finance Department, it has been a pleasure to work with those who consistently exhibit ethical behavior and team work in every aspect of their daily responsibilities at Port Canaveral.”