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CHUCK ENGELKEN, CHAIR <br />Councilmember District 2 <br />Committee Member <br />DARYL LEONARD <br />Councilmember District 3 <br />Committee Member <br />TOMMY MOSER <br />Councilmember District 4 <br />Committee Member <br />JAY MARTIN <br />Councilmember District 5 <br />Altemate Member 1 <br />VACANT <br />Altemate Member 2 <br />MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE <br />JULY 22, 2013 <br />The Fiscal Affairs Committee met on July 22, 2013, at 5:00 p.m. in the La Porte City Hall Council <br />Chambers, 604 West Fairmont Parkway, La Porte, Texas, to consider the following items of business: <br />1. Call to Order <br />Chairman Chuck Engelken called the meeting to order at 5:00 p.m. Committee Members Tommy <br />Moser, Daryl Leonard and Jay Martin were present. Also present were City Secretary Patrice <br />Fogarty, City Manager Corby Alexander, Assistant City Manager Traci Leach, Finance Director <br />Michael Dolby, Controller Phyllis Rinehart and Treasurer Shelley Wolny. <br />2. Consider approval of Minutes of the May 13, 2013, meeting of the Fiscal Affairs Committee — <br />P. Fogarty <br />Committee member Daryl Leonard moved to approve the minutes of the May 13, 2013, meeting. <br />Committee member Tommy Moser seconded. MOTION PASSED. <br />Ayes: Chairman Engelken, Committee Members Moser, 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 Wolny presented an overview of the Third Quarter (FY2013) Investment Report. <br />Committee member Martin questioned who determines the benchmark. Treasurer Shelley Wolny <br />responded staff determines the benchmark based on the six-month Treasury bill. <br />4. Receive and review months of April (FY 2013) and May (FY 2013) Purchasing Card <br />Expenditures — M. Dolby <br />Finance Director Michael Dolby provided an overview of the April (FY 2013) and May (FY 2013) <br />Purchasing Card Expenditures. <br />Chairman Engelken commented it appear 30 percent of 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 an expenditure to Dixie Flags. City Manager Corby <br />Alexander advised he will confirm the expenditure and advise the committee. <br />Page 1 of 2 <br />July 22, 2013, Fiscal Affairs Committee Minutes <br />