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MINUTES OF THE MEETING OF THE <br />FISCAL AFFAIRS COMMITTEE OF THE CITY OF LA PORTE <br />Members Present: Chuck Engelken, Jay Martin, Brandon Lunsford <br />Members Attending Remotely: None <br />Members Absent: Rick Helton (alternate) <br />Council -appointed Officers Present: Corby Alexander, City Manager; Lee Woodward, <br />City Secretary <br />The Fiscal Affairs Committee met on November 11, 2024, <br />at the City Hall Council Chambers, 604 West Fairmont Parkway, <br />La Porte, Texas, at 4:30 p.m. <br />1. CALL TO ORDER - Chair Engelken called the meeting to order at 4:32 p.m. <br />2. CITIZEN COMMENT (Generally limited to five minutes per person; in accordance with <br />state law, the time may be reduced if there is a high number of speakers or other <br />considerations.) <br />There were no comments. <br />3. STATUTORY AGENDA <br />a. Presentation, discussion, and possible action to approve the minutes of the <br />July 22, 2024, meeting. [Lee Woodward, City Secretary] <br />Member Martin moved to approve the minutes of the July 22 2024 meetinq <br />Member Lunsford seconded the motion; the motion was adopted. 3-0. <br />b. Fourth Quarter (FY2024) Investment Report - Presentation, discussion, and <br />possible action to receive and review the Fourth Quarter FY2024 Investment <br />Report. [Shelley Wolny, Asst. Finance Director] <br />Shelley Wolny, Assistant Finance Director, provided the report, noting the City <br />completed the fiscal year having accrued $11.2 million in interest, far above what <br />was conservatively budgeted at $3 million, and an overall portfolio balance of just <br />over $218 million. <br />c. Investment Policy - Presentation, discussion, and possible action to receive <br />and review the City of La Porte's Investment Policy. [Shelley Wolny, Asst. <br />Finance Director] <br />