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HomeMy WebLinkAbout03-12-18 Fiscal Affairs Committee Minutes CHUCK ENGELKEN,CHAIR 0 JAY MARTIN Councilmember District 2 r" J Councilmember District 5 m DARYL LEONARD p(', � DOTTIE KAMINSKI Councilmember District 3 � % Councilmember At Large B Alternate Member MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE MARCH 12, 2018 The Fiscal Affairs Committee met on March 12, 2017, 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 5:02 p.m. Also present were: Committee Member Daryl Leonard and Jay Martin. Also present: Deputy City Secretary Sharon Harris, City Manager Corby Alexander, Finance Director Michael Dolby, Treasurer Shelley Wolny and Purchasing Manager Cherell Daeumer. 2. Consider approval or other action regarding minutes of the November 13, 2017 meeting of the Fiscal Affairs Committee— P. Fogarty Committee Member J. Martin moved to approve the minutes of the November 13, 2017, meeting. Committee Member Leonard seconded. MOTION PASSED UNANIMOUSLY 3/0. 3. Receive and review First Quarter(FY2018) Investment Report— M. Dolby Treasurer Shelley Wolny presented the First Quarter (FY2018) Investment Report. There were no questions from Committee Members. 4. Receive and review months of September-November (FY2017) Purchasing Card Expenditures — M. Dolby Purchasing Manager Cherell Daeumer presented September-November (FY2017) Purchasing Card Expenditures. Committee Member Engelken asked the top vendor in the City. Purchasing Manager Cherell Daeumer responded Vesco. Committee Member Martin requested a report on the expenditures for the Mardi Gras held in February 2018. 5. Receive presentation of the 2017 Comprehensive Annual Financial (CAFR) Report— M. Dolby Paula Lowe with Pattillo, Brown & Hill, LLP, presented 2017 Comprehensive Annual Financial (CAFR) Report and rendered an unmodified opinion. Page 1 of 2 March 12,2018, Fiscal Affairs Committee Minutes 6. Set date for next meeting. The Committee set May 14, 2018, at 5:00 p.m., as the date and time for the next meeting. 7. Administrative Reports—C. Alexander There were no administrative reports. 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. Committee Member Engelken thanked everyone for attending the meeting. 9. Adjourn There being no further business, Committee Member J. Martin moved to adjourn the meeting at 5:32 p.m. Committee Member Leonard seconded. MOTION PASSED UNANIMOUSLY 3/0. Respectfully submitted, n � har Harris, Deputy City Secretary Passed and approved on the 14th day of M y, 2018. Chairman Chuck Engelken Page 2 of 2 March 12,2018, Fiscal Affairs Committee Minutes