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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 />JULY 23, 2012 <br />The Fiscal Affairs Committee met on July 23, 2012, 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 <br />were Daryl Leonard and Tommy Moser. Also <br />Zemanek, who arrived at 5:10 p.m. <br />order at 5:02 p.m. Committee Members present <br />in attendance was Alternate Member 1, John <br />2. Consider approval of Minutes of the April 23, 2012, meeting of the Fiscal Affairs Committee — <br />P. Fogarty <br />Committee member Leonard moved to approve the minutes of the April 23, 2012, meeting of the <br />Fiscal Affairs Committee. Committee member Moser seconded. MOTION PASSED. <br />Ayes: Chairman Engelken, Committee Members Moser and Leonard <br />Nays: None <br />Absent: None <br />3. Receive and approval annual review of the Investment Policy — M. Dolby <br />Finance Director Michael Dolby presented the annual Investment Policy and informed there were <br />no changes to the Investment Policy; and no action was required by the Committee members. <br />4. Receive and review Third Quarter (FY2012) Investment Report — M. Dolby <br />Treasurer Shelley Wolny presented the Third Quarter (FY2012) Investment Report. <br />Committee member Moser asked Treasurer Shelley Wolny to clarify that she indicated the City of <br />La Porte has $60 million invested. Treasurer Shelley Wolny responded yes. <br />5. Receive and approve the Audit Engagement Letters for the fiscal year ending September 30, <br />2012 — M. Dolby <br />Finance Director Michael Dolby and Auditor Tom Pedersen, of Whitley Penn LLP, presented the <br />Audit Engagement Letters for the fiscal year ending September 30, 2012. <br />Page 1 of 3 <br />July 23, 2012 Fiscal Affairs Committee Minutes <br />