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HomeMy WebLinkAbout10-25-04 Audit Committee-agenda and minutes Re: name change from Audit Committee to Fiscal Afffairs Committee . e STATE OF TEXAS )( COUNTY OF HARRIS )( CITY OF LA PORTE )( NOTICE IS HEREBY GIVEN OF A REGULAR MEETING OF LA PORTE AUDIT COMMITIEE TO BE HELD ON OCTOBER 25,2004 AT 5:90 P.M. AT LA PORTE CITY HALL COUNCIL CHAMBERS, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS, REGARDING THE ITEMS OF BUSINESS ACCORDING TO THE AGENDA LISTED BELOW: 5:00 P.M. - REGULAR SESSION 1. CALL TO ORDER 2. CONSIDER APPROVAL OF MINUTES OF REGULAR MEETING OF LA PORTE AUDIT COMMITIEE HELD OCTOBER 11, 2004. 3. DISCUSSION ITEMS > FRAUD POLICY > P-CARD > COMMITIEE NAME CHANGE 4. TAX RESALE PROPERTY - K. POWELL 5. RECEIVE AND REVIEW FOURTH QUARTER (FY 2004) INVESTMENT REPORT - C. ALEXANDER 6. RECEIVE AND REVIEW CREDIT CARD REPORT - C. ALEXANDER 7. COMMITIEE COMMENTS 8. ADJOURNMENT There may be a possible quorum of City Council present at this meeting and may participate in discussion at this meeting, however, they will not vote on matters. THIS FACILITY HAS DISABILITY ACCOMMODATIONS AVAILABLE. REQUESTS FOR ACCOMMODATIONS OR INTERPRETIVE SERVICES AT MEETINGS SHOULD BE MADE 48 HOURS PRIOR TO THIS MEETING. PLEASE CONTACT CITY SECRETARY'S OFFICE AT 281-471-5020 OR TDD LINE 281- 471-5030 FOR FURTHER INFORMATION. " -. / ~~~ City Secretary . ...--~-..- :...- . "'" ....' . -'~J ........ Date posted • • MINUTES OF THE LA PORTE AUDIT COMMITTEE October 25, 2004 1. Call to Order The meeting was called to order by Chairperson Chuck Engelken at 5:00 p.m. Members of Committee Present: Chairperson Chuck Engelken, Mayor Pro Tem Barry Beasley and Councilmember Peter Griffiths Members of Committee Absent: Howard Ebow Members of City Executive Staff and City Employees Present: City Manager Debra Feazelle, Assistant City Manager Cynthia Alexander, Assistant Finance Director Michael Dolby, Assistant City Secretary Sharon Harris, Susan Kelley and Kathy Powell 2. Consider approval of Minutes of Regular Meeting of La Porte Audit Committee Minutes held on October 11, 2004. Motion was made by Committee Member Beasley to approve the minutes as presented. A second by Committee Member Peter Griffiths. The motion carried unanimously. 3. Discussion Items o City Manager Debra Feazelle discussed an administrative fraud policy that would be signed by all city employees. Purchasing Manager Susan Kelley provided the Committee with a procurement card presentation and a flow chart. A pilot program of using the cards was started at the beginning of the year with the Parks and Recreation Department. The program was successful, with a few more cards to be issued. Ms. Kelley provided guidelines for usage of the procurement cards. Committee Member Beasley questioned if the City would receive a rebate for utilizing the cards. Ms. Kelley informed him the City would receive a check at the end of the year, with the rebate going back into the general fund. Assistant City Manager Cynthia Alexander reminded the Committee that the name of the Committee will be changing to "Fiscal Affairs Committee". 4. Tax Resale Property