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CHUCK ENGELKEN,CHAIR <br />JAY MARTIN <br />CouncilmemberDistrict 2 <br />Councilmember District 5 <br />Committee Member <br />Alternate Member 1 <br />DARYL LEONARD <br />VACANT <br />Councilmember District 3 <br />Alternate Member 2 <br />Committee Member <br />TOMMY MOSER <br />Councilmember District 4 <br />Committee Member <br />MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE <br />JULY 22,2013 <br />July22, 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 5:00p.m. Committee MembersTommy <br />Moser,DarylLeonard and Jay Martin werepresent.Also present were City Secretary Patrice <br />Fogarty, City Manager Corby Alexander, Assistant City Manager Traci Leach, Finance Director <br />Michael Dolby, Controller Phyllis Rinehartand Treasurer Shelley Wolny. <br />2.Consider approval of Minutes of the May13,2013,meeting of the Fiscal Affairs Committee– <br />P. Fogarty <br />Committee member Daryl Leonardmoved to approve the minutes of the May 13, 2013, meeting. <br />MOTION PASSED. <br />Committee member Tommy Moserseconded. <br />Ayes:Chairman Engelken,Committee MembersMoser, Leonard <br />and Martin <br />Nays:None <br />Absent:None <br />3.Receive and review Third Quarter (FY 2013) Investment Report –M. Dolby <br />Treasurer Shelley Wolnypresented an overview of theThirdQuarter (FY2013) Investment Report. <br />Committee member Martin questioned who determines the benchmark. Treasurer Shelly Wolny <br />responded staff determines the benchmark based on the six-month Treasurybill. <br />4.Receive and review months of April (FY 2013) and May(FY 2013) Purchasing Card <br />Expenditures –M. Dolby <br />Finance Director Michael Dolbyprovided an overview of the April (FY 2013) and May(FY 2013) <br />Purchasing Card Expenditures. <br />Chairman Engelken commented it appear 30percentof the purchases are in the corporate limits of <br />La Porte. Finance Director Michael Dolby informed employees are encouraged to shop La Porte. <br />Committee member Moser questioned anexpenditureto Dixie Flags.City Manager Corby <br />Alexander advised he will confirm the expenditure and advise the committee. <br />Page 1of 2 <br />July 22, 2013, Fiscal Affairs Committee Minutes <br /> <br />