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<br />MINUTES OF THE SPECIAL CALLED REGULAR MEETING OF LA PORTE FISCAL AFFAIRS <br />COMMITTEE <br />July 27,2009 <br /> <br />1. Call to Order <br /> <br />The meeting was called to order by Chairman Chuck Engelken at 5:00 p.m. <br /> <br />Members of Committee Present: Board Members Chuck Engelken, Tommy Moser, Louis <br />Rigby, and Alternate Board Member Daryl Leonard. <br /> <br />Members of Committee Absent: Georgia Malone. <br /> <br />Members of City Council. City Executive Staff and City Emplovees Present: City Manager <br />Ron Bottoms, Assistant City Manager John Joerns, Director of Finance Michael Dolby, <br />Controller Phyllis Rinehart, and City Secretary Martha Gillett. <br /> <br />Others present: <br /> <br />2. Consider approval of Minutes of the Regular Meeting of Fiscal Affairs Committee held June <br />22,2009. <br /> <br />Motion was made by Committee Member Rigby to approve the minutes as presented. A <br />second by Committee Member Moser. The motion carried. <br /> <br />Ayes: Engelken, Rigby, Moser and Leonard <br />Nays: None <br />Abstain: None <br />Absent: Malone <br /> <br />3. Finance Director Michael Dolby provided an overview of the Third Quarter (FY 2009) <br />Investment Report. <br /> <br />Controller Phyllis Rinehart provided the committee with an overview of the report. <br /> <br />4. Finance Director Michael Dolby provided an overview of the Third Quarter (FY 2009) <br />Purchasing Card Expenditure. <br /> <br />Staff answered questions from the committee. The committee had a question regarding a <br />charge for direct T.V. The City Manager advised this is a back-up system. The City is <br />provided one free drop. <br /> <br />5. Finance Director Michael Dolby provided summary and recommendation and answered the <br />Committees questions on the Investment Policy. <br /> <br />6. Administrative Reports <br />