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CHUCK ENGELKEN, CHAIR Councilmember District 2 JAY MARTIN Councilmember, District 5 BRANDON LUNSFORD Councilmember At Large A RICK HELTON Councilmember, District 4 Alternate MINUTES OF THE MEETING OF THE FISCAL AFFAIRS COMMITTEE NOVEMBER 13, 2023 The Fiscal Affairs Committee of the City of La Porte met on November 13, 2023, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 5:00 p.m., with the following in attendance: Committee members present: Chuck Engelken, Jay Martin, Brandon Lunsford Committee members absent: Rick Helton, alternate (available, if needed) Council -appointed officers present: Corby Alexander, City Manager; Lee Woodward, City Secretary; Clark T. Askins, City Attorney 1. CALL TO ORDER — Chair Engelken called the meeting to order at 5:00 p.m. 2. CITIZEN COMMENT (Generally limited to five minutes per person; in accordance with state law, the time maybe 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 10, 2023. [Mayor Pro Tern Engelken, Chair] Member Martin moved to approve the minutes of the meeting held on July 10, 2023, the motion was seconded by Member Lunsford; the motion was adopted, 3-0. (b) Presentation, discussion, and possible action to receive and review the Purchasing Card expenditures for June 2023, July 2023, and August 2023. [Cherell Daeumer, Purchasing Manager] The report was received and filed. (c) Presentation, discussion, and possible action to receive and review the Fourth Quarter (FY2023) Investment Report. [Shelley Wolny, Asst. Finance Director] The report was received and filed, noting the balances invested totaled $197 million and had earned about $8 million this year. (d) Presentation, discussion, and possible action to receive and review the City of La Porte Investment Policy for recommendation to the La Porte City Council. [Shelley Wolny, Asst. Finance Director] No changes to the policy were recommended. Member Martin moved to approve the Investment Report [for recommendation to the City Council]; Member Lunsford seconded the motion; the motion was adopted, 3-0.