Finance

Financial Strength – A+ with a stable outlook

Port Tampa Bay's financial position enables us to serve the community beyond transactional operations, cargo commodity and real estate revenue by leveraging credit worthiness for future infrastructure investment.  It is an extraordinary advantage in planning for future growth when the top credit rating agency - Fitch - validates the financial strength of Port Tampa Bay.

 

Operating Revenue vs Marketing Expenditures

While Operating Revenues declined in FY2020 as a result of the disruptions to cruise and global trade caused by the pandemic, Port Tampa Bay still posted its third highest revenue year ever. Port Tampa Bay kept all expenses, including promotional expenses, in check to ensure another successful financial year.

Port Tampa Bay 2014-2023Operational Revenue

Annual Reports / ACFRs

View our annual reports and a summary of our accounting practices.

Port Tampa Bay's fiscal year is October 1 to September 30.  At the end of each fiscal year, an audit of the preceding fiscal year's financial transactions is conducted by an independent certified public accounting firm and financial statements prepared.  In preparing its annual financial statements, the Port conforms to rigid standards established by the Government Finance Officer's Association (GFOA) and the Governmental Accounting Standards Board (GASB).

Port Tampa Bay's resultant Annual Comprehensive Financial Report (ACFR) is published each year and contains, in addition to the audited financial statement, pertinent statistical and supplemental financial information about Port Tampa Bay. The Port's ACFR has been awarded the GFOA's certified of Achievement for Excellence in Financial Reporting for eighteen (18) years in a row, indicating the successful achievement of the highest standards in government accounting and financial reporting.

You can also view Port Tampa Bay's annual financial report at https://myfloridacfo.com.

Any questions regarding the annual financial statements of the ACFR may be directed to Michael Poole.

Expense Policies