March 3, 2021
Galveston, TX (MAR. 3, 2021) –The Galveston Wharves has once again been awarded a certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its annual comprehensive financial report (ACFR) for the fiscal year ended December 31, 2019. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. The port has received the award for 27 consecutive years.
The certificate is awarded to the individual, department or agency designated to prepare an ACFR for a government unit. A formal presentation to the port’s Chief Financial Officer Mark Murchison took place during the Galveston Wharves Board of Trustees meeting on March 2.
“This recognition demonstrates to the community that the port is being managed responsibly and that we are dedicated to public transparency,” said Rodger Rees, CEO and Port Director. “Without the continued hard work of an exceptional team, it would be difficult to achieve this honor.”
The ACFR was judged by an impartial review panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the ACFR. Find the port ACFR at www.portofgalveston.com.
Located at the entrance to Galveston Bay and the Houston Ship Channel, Galveston Wharves has been a thriving maritime commercial center since 1825. Just 45 minutes from open seas, the 840-acre port has infrastructure and assets to serve growing cruise, cargo and commercial businesses. As the fourth most popular U.S. cruise port, it welcomed more than 1 million cruise passengers in 2019. Also one of the busiest in Texas, the port moved 4.3 million tons of cargo in 2020 and has an estimated annual state economic impact of $2.1 billion.
