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MINUTES OF THE MEETING OF THE <br />FISCAL AFFAIRS COMMITTEE OF THE CITY OF LA PORTE <br />May 13, 2024, 4:30 p.m., City Hall Council Chamber <br />604 West Fairmont Parkway, La Porte, Texas, 77571 <br />Members Present: Chuck Engelken, Jay Martin <br />Members Absent: Brandon Lunsford, Rick Helton, alternate <br />Council -appointed Corby Alexander, City Manager; Lee Woodward, City Secretary <br />Officers Present: <br />The Fiscal Affairs Committee of the City of La Porte met in a regular meeting on <br />May 13, 2024, at the City Hall Council Chambers, 604 West Fairmont Parkway, La <br />Porte, Texas, at 4:30 p.m. <br />CALL TO ORDER <br />2. CITIZEN COMMENT <br />(Generally limited to five minutes perperson; in accordance with state law, the time <br />may be reduced if there is a high number of speakers or other considerations.) <br />There were no comments. <br />3. STATUTORY AGENDA <br />a. Second Quarter (FY2024) Investment Report - Presentation, <br />discussion, and possible action to receive and review the Second <br />Quarter (FY2024) Investment Report. [Shelley Wolny, Asst. Finance <br />Director] <br />Shelley Wolny provided the Second Quarter (FY2024) Investment Report. <br />She noted $5.1 million had been earned in interest in this fiscal year. <br />b. Purchasing Card Expenditures - Presentation, discussion, and <br />possible action to receive and review the Purchasing Card <br />expenditures for December 2023, January 2024, and February 2024. <br />[Cherell Daeumer, Purchasing Manager] <br />The Committee expressed appreciation for the percentage of local <br />expenditures in the report. <br />