HomeMy WebLinkAbout11-08-21 Fiscal Affairs Committee MinutesCHUCK ENGELKEN, CHAIR
Councilmember District 2
JAY MARTIN
Councilmember, District S
VACANT
THOMAS GARZA
Councilmember District 4
Alternate
MINUTES OF MEETING OF FISCAL AFFAIRS COMMITTEE
NOVEMBER 8, 2021
The Fiscal Affairs Committee of the City of La Porte met on November 8, 2021, at the City
Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 4:30 p.m., with
the following in attendance:
Committee members present: Chuck Engelken, Jay Martin
Committee members absent: Thomas Garza (alternate)
Council -appointed officers present: Lee Woodward, City Secretary; Clark T. Askins,
Assistant City Attorney
1. CALL TO ORDER — Chair Engelken called the meeting to order at 4:30 p.m.
2. CITIZEN COMMENT (Generally limited to five minutes per person; in accordance with state
law, the time may be 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 26, 2021. [Councilperson Engelken, Chair]
Member Martin moved to approve the minutes of the meeting held on July 26 2021: the
motion was seconded by Member Engelken; the motion was adopted, 2-0.
(b) Presentation, discussion, and possible action to receive and review proposed
amendments to the City of La Porte Investment Policy for recommendation to the
La Porte City Council. [Shelley Wolny, Treasurer]
Member Martin moved to approve the recommended proposed amendments; the motion
was adopted, 2-0. ^
(c) Presentation, discussion, and possible action to receive and review Purchasing
Card expenditures for June, July, and August 2021. [Cherell Daeumer, Purchasing
Manager]
The report was received and filed.
(d) Presentation, discussion, and possible action to receive and review the Fourth
Quarter (FY2021) Investment Report. [Shelley Walny, Asst. Finance Director]
The report was received and filed.
4. SET DATE FOR NEXT MEETING [Michael Dolby, Finance Director]
Committee members set February 28, 2022Las the next meeting.
5. COMMITTEE MEMBER COMMENTS Hear announcements concerning matters appearing
on the agenda; items of community interest; and/or inquiries of staff regarding specific
factual information or existing policy from the Committee members and City staff, for which
no formal action will be discussed or taken.
The Committee commended the Finance staff for their good work. Mr. Dolby noted the
Department would be adding an additional person to work on the pool accounts.
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