11-08-21 Fiscal Affairs Committee Minutes

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CHUCK ENGELKEN, CHAIR Councilmember District 2 JAY MARTIN Councilmember, District S VACANT THOMAS GARZA Councilmember District 4 Alternate MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE NOVEMBER 8, 2021 The Fiscal Affairs Committee of the City of La Porte met on November 8, 2021, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 4:30 p.m., with the following in attendance: Committee members present: Chuck Engelken, Jay Martin Committee members absent: Thomas Garza (alternate) Council -appointed officers present: Lee Woodward, City Secretary; Clark T. Askins, Assistant City Attorney 1. CALL TO ORDER — Chair Engelken called the meeting to order at 4:30 p.m. 2. CITIZEN COMMENT (Generally limited to five minutes per person; in accordance with state law, the time may be reduced if there is a high number of speakers or other considerations.) There were no public comments. 3. STATUTORY AGENDA (a) Presentation, discussion, and possible action to approve the minutes of the Fiscal Affairs Committee meeting held on July 26, 2021. [Councilperson Engelken, Chair] Member Martin moved to approve the minutes of the meeting held on July 26 2021: the motion was seconded by Member Engelken; the motion was adopted, 2-0. (b) Presentation, discussion, and possible action to receive and review proposed amendments to the City of La Porte Investment Policy for recommendation to the La Porte City Council. [Shelley Wolny, Treasurer] Member Martin moved to approve the recommended proposed amendments; the motion was adopted, 2-0. ^ (c) Presentation, discussion, and possible action to receive and review Purchasing Card expenditures for June, July, and August 2021. [Cherell Daeumer, Purchasing Manager] The report was received and filed. (d) Presentation, discussion, and possible action to receive and review the Fourth Quarter (FY2021) Investment Report. [Shelley Walny, Asst. Finance Director] The report was received and filed. 4. SET DATE FOR NEXT MEETING [Michael Dolby, Finance Director] Committee members set February 28, 2022Las the next meeting.