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<br />MINUTES OF THE LA PORTE FISCAL AFFAIRS COMMITTEE <br />October 23, 2006 <br /> <br />1. Call to Order <br /> <br />The meeting was called to order by Councilman Chuck Engelken at 5:07 p,m, <br /> <br />Members of Committee Present: Councilmembers Barry Beasley, Louis Rigby, and Chuck <br />Engelken. <br /> <br />Members of Committee Absent: Tommy Moser and Howard Ebow, <br /> <br />Members of City Council, City Executive Staff/Controller and City Employees Present: <br />Councilmember Peter Griffiths, Assistant Director of Finance Michael Dolby, Controller Phyllis <br />Rinehart, City Secretary Martha Gillett and Interim City Manager John Joerns. <br /> <br />Other citizens: Sue Gail Kooken <br /> <br />2. Consider approval of Minutes of Regular Meeting of La Porte Fiscal Affairs Committee Minutes <br />held on July 24, 2006, <br /> <br />Motion was made by Committee Member Beasley to approve the minutes as presented. A <br />second by Committee Member Engelken. The motion carried. <br /> <br />Ayes: Beasley, Engelken, and Rigby <br />Nays: None <br />Abstain: None <br /> <br />3. Controller Phyllis Rinehart presented quarterly investment reports for review. <br /> <br />4, Assistant Finance Director Michael Dolby requested committee members to consider an <br />Alternate investment Broker. <br /> <br />Motion was made by committee member Beasley to add Wells Fargo Investment Officer as <br />recommended by staff. Second by Committee member Rigby. Motion Carried. <br /> <br />Ayes: Engelken, Beasley and Rigby. <br />Nays: None <br />Abstain: None <br /> <br />5. Assistant Finance Director Michael Dolby presented the fourth quarter credit card expenditure <br />report. <br /> <br />Mr. Dolby noted the auditor's will provide the audit report to the City in mid January, <br />