HomeMy WebLinkAbout10-28-13 Fiscal Affairs Committee Meeting minutesCHUCK ENGELKEN, CHAIR
Councilmember District 2
Committee Member
DARYL LEONARD
Councilmember District 3
Committee Member
TOMMY MOSER
Councilmember District 4
Committee Member
JAY MARTIN
Councilmember District 5
Alternate Member 1
DOTTIE KAMINSKI
Councilmember At Large B
Alternate Member 2
MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE
OCTOBER 28, 2013
The Fiscal Affairs Committee met on October 28, 2013, at 5:00 p.m., in the La Porte City Hall Council
Chambers, 604 West Fairmont Parkway, La Porte, Texas, to consider the following items of business:
1. Call to Order
Chairman Chuck Engelken called the meeting to order at 5:00 P.M. Present were Committee
Members Tommy Moser and Daryl Leonard, and Alternate Member 1 Jay Martin. Also present
were City Secretary Patrice Fogarty, City Manager Corby Alexander, Assistant City Manager Traci
Leach, Finance Director Michael Dolby, Controller Phyllis Rinehart and Treasurer Shelley Wolny.
Alternate member 2 Dottie Kaminski was absent.
2. Consider approval of Minutes of the September 9, 2013, meeting of the Fiscal Affairs
Committee — P. Fogarty
Committee member Leonard moved to approve the minutes of the September 9, 2013, meeting.
Alternate Member 1 Martin seconded. MOTION PASSED.
Ayes: Chairman Engelken, Committee Members Moser and Leonard
Nays: None
Absent: None
3. Review and review Fourth Quarter (FY 2013) Investment Report — M. Dolby
Treasurer Shelley Wolny presented the Fourth Quarter (FY 2013) Investment Report and provided
a summary.
4. Receive and review months of June (FY 2013), July (FY2013) and August (FY2013)
Purchasing Card Expenditures — M Dolby
Finance Director Michael Dolby presented the Purchasing Card Expenditures for months of June
(FY 2013), July (FY 2013) and August (FY 2013).
Chairman Engeiken questioned a $1,439.00 purchase out of the 2010 Certificate of Obligation Fund
for the month of June (FY2013). Finance Director responded it was a purchase that was charged to
the 2010 Certificate of Obligation Fund. City Manager Corby Alexander requested Mr. Dolby to
verify the transaction; Mr. Dolby located it and stated it was a pump.
5. Receive and review Investment Policy — M. Dolby
Treasurer Shelley Wolny presented the Investment Policy.
6. Set date for next meeting — M. Dolby
The Committee set January 27, 2014, at 5:00 p.m., as the date and time for the next meeting.
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October 28, 2013, Fiscal Affairs Committee Minutes
7. Administrative Reports — C. Alexander
City Manager Corby Alexander congratulated the Finance Department for recently receiving the
GFOA Popular Reporting Award.
8. Committee Comments — Matters appearing on agenda; Recognition of community members, city
employees, and upcoming events; Inquiry of staff regarding specific factual information or existing
policy.
There were no Committee Comments.
9. Adjourn
There being no further business, the meeting was adjourned at 5:20 p.m.
Re ectfully submitted,
Patrice Fogarty y SecWtary /
Passed and approved on the ,�A % -aay of 2013.
Chairman Chuck Eng Iken
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October 28, 2013, Fiscal Affairs Committee Minutes