HomeMy WebLinkAbout11-13-23 FACHUCK 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.
4. SET DATE FOR NEXT MEETING [Michael Dolby, Finance Director]
January 22, 2024, was set as the prospective date for the next meeting.
5. ADMINISTRATIVE REPORTS
There were no reports.
6. 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 members asked about potential impacts of new legislation on ad valorem tax income.
7. DJO I iy `11 ithout biection Chair En elken adiourned the meetin at 5.10 .m.
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