04-28-08 Special Called Regular Meeting of La Porte Fiscal Affairs Committee

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MINUTES OF THE SPECIAL CALLED REGULAR MEETING OF LA PORTE FISCAL AFFAIRS COMMITTEE April 28, 2008 1. Call to Order The meeting was called to order by Chairman Chuck Engelken at 5:08 p.m. Members of Committee Present: Councilmembers, Chuck Engelken, Howard Ebow and Barry Beasley arrived at 5:10 p.m. Members of Committee Absent: None - Alternate members not present. Members of City Council, City Executive Staff and City Employees Present: City Manager Ron Bottoms, Controller Phyllis Rinehart, Economic Development Coordinator Gretchen Larson and City Secretary Martha Gillett. Others present: 2. Consider approval of Minutes of Special Called Regular Meetings of Fiscal Affairs Committee held January 28, 2008. Motion was made by Committee Member Ebow to approve the minutes as presented. A second by Committee Member Engelken. The motion carried unanimously. 3. Finance Director Michael Dolby presented the Credit Card Expenditure Quarterly Report. Mr. Dolby reported there were no credit charges to report. 4. Finance Director Michael Dolby advised Ms. Rinehart would present Second Quarter (FY 2008) Investment Report. Controller Phyllis Rinehart provided the Committee with and overview and answered the Committee's questions. 5. Finance Director Michael Dolby presented First Quarter (FY2008) Purchasing Card Expenditure and answered Committee's questions. 6. Finance Director Michael Dolby presented Tax Resale Property Report. The Committee noted they had no concerns and directed staff to move forward. Mr. Bottoms noted he thought these items should go before Council for approval. Mr. Dolby noted this had not been done in the past. They will seek the advice of the City Attorney and if needed take to City Council for approval. 7. Administrative Reports