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An Audit Report on The Port of Houston Authority's Promotion and Development Fund

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An Audit Report on The Port of Houston Authority's Promotion and Development Fund


January 2002

Report Number 02-019

Overall Conclusion

The Port of Houston Authority's (Authority) monthly reports on expenditures from its Promotion and Development Fund (Fund) contain the required elements (check number, amount, payee, and general purpose) for each expenditure and provide a reasonably accurate picture of Fund activity.

However, some expenditures from the Fund, such as for golf outings and receptions, would have been questionable if paid with State funds. (The Authority is not subject to state purchasing laws and regulations, and these expenditures appear to be consistent with the purpose of this Fund.) Other expenditures, such as for an employee picnic, do not appear to be directly related to promotion and development. Many of the expenditures are routine and operational in nature. The statute states that expenditures from the Fund are to be for "unusual purposes and occasions" not covered by other law. The Authority's current interpretation may not be consistent with this aspect of the law.

Key Facts and Findings

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