HomeMy WebLinkAbout05-13-2024 Fiscal AffairsMINUTES OF THE MEETING OF THE
FISCAL AFFAIRS COMMITTEE OF THE CITY OF LA PORTE
May 13, 2024, 4:30 p.m., City Hall Council Chamber
604 West Fairmont Parkway, La Porte, Texas, 77571
Members Present: Chuck Engelken, Jay Martin
Members Absent: Brandon Lunsford, Rick Helton, alternate
Council -appointed Corby Alexander, City Manager; Lee Woodward, City Secretary
Officers Present:
The Fiscal Affairs Committee of the City of La Porte met in a regular meeting on
May 13, 2024, at the City Hall Council Chambers, 604 West Fairmont Parkway, La
Porte, Texas, at 4:30 p.m.
CALL TO ORDER
2. CITIZEN COMMENT
(Generally limited to five minutes perperson; in accordance with state law, the time
may be reduced if there is a high number of speakers or other considerations.)
There were no comments.
3. STATUTORY AGENDA
a. Second Quarter (FY2024) Investment Report - Presentation,
discussion, and possible action to receive and review the Second
Quarter (FY2024) Investment Report. [Shelley Wolny, Asst. Finance
Director]
Shelley Wolny provided the Second Quarter (FY2024) Investment Report.
She noted $5.1 million had been earned in interest in this fiscal year.
b. Purchasing Card Expenditures - Presentation, discussion, and
possible action to receive and review the Purchasing Card
expenditures for December 2023, January 2024, and February 2024.
[Cherell Daeumer, Purchasing Manager]
The Committee expressed appreciation for the percentage of local
expenditures in the report.
4. SET DATE FOR NEXT MEETING
The next meeting was set for July 22.
S. ADMINISTRATIVE 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 Mayor,
Councilpersons, and City stab, for which no formal action will be discussed.
The Committee thanked the Finance staff for their work.
7. ADJOURN — Without objection, Chair Engelken adjourned the meeting at 4:41