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CHUCK ENGELKEN, CHAIR <br />Councilmember District 2 <br />Committee Member <br />DARYL LEONARD <br />Councilmember District 3 <br />Committee Member <br />TOMMY MOSER <br />Councilmember District 4 <br />Committee Member <br />JOHN ZEMANEK <br />Councilmember At -Large A <br />Alternate Member 1 <br />JAY MARTIN <br />Councilmember District 5 <br />Alternate Member 2 <br />MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE <br />MAY 13, 2013 <br />The Fiscal Affairs Committee met on May 13, 2013, at 5:00 p.m. in the La Porte City Hall Council <br />Chambers, 604 West Fairmont Parkway, La Porte, Texas, to consider the following items of business: <br />1. Call to Order <br />Chairman Chuck Engelken called the meeting to order at 5:02 p.m. Committee Member Tommy <br />Moser was present. Absent: Committee Member Leonard and Alternate Member 1 Zemanek. Jay <br />Martin, Alternate Member 2, arrived at 5:12 p.m. Also present were City Secretary Patrice Fogarty, <br />City Manager Corby Alexander, Assistant City Manager Traci Leach, Finance Director Michael <br />Dolby, Controller Phyllis Rinehart and Treasurer Shelley Wolny. <br />2. Consider approval of Minutes of the March 11, 2013, meeting of the Fiscal Affairs Committee <br />— P. Fogarty <br />Committee member Tommy Moser moved to approve the minutes of the March 11, 2013, meeting. <br />Chairman Engelken seconded. MOTION PASSED. <br />Ayes: Chairman Engelken and Committee Member Moser <br />Nays: None <br />Absent: Committee Member Leonard, Alternate Member 1 Zemanek <br />and Alternate Member 2 Martin <br />3. Receive and review Second Quarter (FY 2013) Investment Report — M. Dolby <br />Treasurer Shelley Wolny presented an overview of the Second Quarter (FY2013) Investment <br />Report. <br />Committee Member Moser questioned if $67 million is invested. Treasurer Shelley responded yes. <br />Chairman Engelken questioned how the City is doing in terms of the rising stock market. Treasurer <br />Shelley Wolny responded the outlook has not changed for the bond market; the City is not in the <br />stock market. <br />4. Receive and review months of December (FY2012) January, February, and March (FY 2013) <br />Purchasing Card Expenditures — M. Dolby <br />Finance Director Michael Dolby provided an overview of the December (FY2012), January, <br />February, and March (FY 2013) Purchasing Card Expenditures. <br />Pagel of 2 <br />May 13, 2013, Fiscal Affairs Committee Minutes <br />