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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 />DOTTIE KAMINSKI <br />Councilmember District 3 <br />Councilmember At Large B <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 />SEPTEMBER 9,2013 <br />September 9, 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, LaPorte, 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. Dottie Kaminskiand Jay Martin werepresent.Also present were City <br />Secretary Patrice Fogarty, City Manager Corby Alexander, Assistant City Manager Traci Leach, <br />Finance Director Michael Dolby, Controller Phyllis Rinehartand Treasurer Shelley Wolny. <br />2.Consider approval of Minutes of the July 22,2013,meeting of the Fiscal Affairs Committee– <br />P. Fogarty <br />Committee member Leonardmoved to approve the minutes of the May 13, 2013, meeting. <br />MOTION PASSED. <br />Committee member Moserseconded. <br />Ayes:Chairman Engelken,Committee MembersMoserand Leonard <br />Nays:None <br />Absent:None <br />3.Review and discuss a proposed Resolution of the City of La Porte approving General Fund <br />commitments of Fund Balance –M. Dolby <br />Finance Director Michael Dolby presented a summaryexplaining the GASB 54 requirement that <br />must be completed prior to the end of the fiscal year to commit fund balance of the General Fund. <br />The General Fund balance can only be committed for a specific purpose by formal action of the City <br />Council. Committed fund balance does not lapse at year-end. The formal action required to <br />commit fund balance shall be by resolution. A recommendation has been made to commit <br />$1,500,000 for health insurance and $2,000,000 for Utility capital projects.The Fiscal Affairs <br />Committee did not adopt the Resolution; it will be brought to Council for adoption. <br />4.Set date for next meeting –M. Dolby <br />The Committee setOctober 28, 2013,at 5:00 p.m., as the date and time for the next meeting. <br />5.Administrative Reports–C. Alexander <br />There were no Administrative Reports. <br />Page 1of 2 <br />September 9, 2013, Fiscal Affairs Committee Minutes <br /> <br />