03-12-18 Fiscal Affairs Committee Meeting

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CHUCK ENGELKEN, CHAIR Councilmember District 2 DARYL LEONARD Councilmember District 3 JAY MARTIN Councilmember District 5 DOTTIE KAMINSKI Councilmember At Large B Alternate Member MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE NOVEMBER 13, 2017 The Fiscal Affairs Committee met on November 13, 2017, at 5:00 p.m., in the La Porte City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, to consider the following items of business: 1. Call to Order Chairman Chuck Engelken called the meeting to order at 5:00 p.m. Also present were: Committee Member Daryl Leonard and Jay Martin. Also present: City Secretary Patrice Fogarty, City Manager Corby Alexander, Finance Director Michael Dolby, and Treasurer Shelley Wolny. 2. Consider approval or other action regarding minutes of the September 11, 2017 meeting of the Fiscal Affairs Committee — P. Fogarty Committee Member Leonard moved to approve the minutes of the September 11, 2017, meeting. Committee Member J. Martin seconded. MOTION PASSED UNANIMOUSLY 3/0. 3. Receive and review Fourth Quarter (FY2017) Investment Report — M. Dolby Treasurer Shelley Wolny presented the Fourth Quarter (FY2017) Investment Report. There were no questions from Committee Members. 4. Receive and review months of June; July and August (FY2017) Purchasing Card Expenditures — M. Dolby Purchasing Manager Cherell Daeumer presented June; July and August (FY2017) Purchasing Card Expenditures. There were no questions from Committee Members. 5. Receive and review the City of La Porte Investment Policy — M. Dolby Treasurer Shelley Wolny presented the City of La Porte Investment Policy. There were no questions from Committee Members. 6. Set date for next meeting. The Committee set March 12, 2018, at 5:00 p.m., as the date and time for the next meeting. 7. Administrative Reports — C. Alexander Page 1 of 2 November 13, 2017, Fiscal Affairs Committee Minutes