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CHUCK ENGELKEN,CHAIR <br />JOHN ZEMANEK <br />CouncilmemberDistrict 2 <br />Councilmember At-Large A <br />Committee Member <br />Alternate Member 1 <br />DARYL LEONARD <br />JAY MARTIN <br />Councilmember District 3 <br />Councilmember District 5 <br />Committee Member <br />Alternate Member 2 <br />TOMMY MOSER <br />Councilmember District 4 <br />Committee Member <br />MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE <br />MAY 13,2013 <br />May13, 2013, at 5:00p.m. <br />The Fiscal Affairs Committee met on in the La Porte City Hall Council <br />Chambers, 604 West Fairmont Parkway, La Porte, Texas, to considerthe following items of business: <br />1.Call to Order <br />ChairmanChuck Engelken called the meeting to order at 5:02p.m. Committee MemberTommy <br />Moserwas present.Absent: Committee Member Leonard and Alternate Member 1 Zemanek.Jay <br />Martin, AlternateMember 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 Rinehartand Treasurer Shelley Wolny. <br />2.Consider approvalof 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 />MOTION PASSED. <br />Chairman Engelkenseconded. <br />Ayes:Chairman Engelkenand Committee MemberMoser <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 Wolnypresented an overview of theSecond 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 isdoing in terms of the rising stockmarket. 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. <br />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 />Page 1of 2 <br />May 13, 2013, Fiscal Affairs Committee Minutes <br /> <br />