Results of Surprise Cash Counts and Bank Account Audit at the Port of Los Angeles
Port of Los Angeles (POLA) is a premier gateway for international commerce, handling almost a quarter of all cargo that enters the United States each year. POLA has terminals for both passenger and cargo ships and warehouse facilities.
POLA’s three major sources of operating revenues are shipping, rental, and fees/royalties. It charges its occupants for the use of POLA’s land, docks, wharves, transit sheds, terminals and other facilities based on various permit agreements. POLA also serves as a landlord to various oil terminals, fish markets, boat repair yards, railroads, restaurants and other similar operations. It recovers its costs of providing services and facility improvements through these charges.