HomeMy WebLinkAboutAudit Committee-Minutes-11/21/2023
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE AGENDA
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room - Third
Floor
TUESDAY, NOVEMBER 21, 2023 - 5:15 PM
1. CALL TO ORDER
2. APPROVAL OF MINUTES
2a August 15, 2023
3. REGULAR AGENDA ITEMS
3a Presentation of the fourth quarter FY23 investment report
4. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, November 17,
2023 by 5:00 p.m.
Christine Loven, TRMC
City Secretary
A quorum of any Colleyville board, commission, or committee may be present at this
meeting. Any matter on this agenda may be opened for public comment and discussion at
the discretion of the governing body.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1130, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE AGENDA
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room - Third Floor
TUESDAY, NOVEMBER 21, 2023 - 5:15 PM
1. CALL TO ORDER
City Secretary Christine Loven called the meeting to order at 5:16 p.m. and called
the roll.
PRESENT: Committee members Brandi Elder, Scotty Richardson, and Chuck
Kelley.
ALSO PRESENT: Mayor Lindamood, Accounting Manager Karen Hines, City
Manager Jerry Ducay, Assistant City Manager Mark Wood, and City Secretary
Christine Loven.
2. APPROVAL OF MINUTES
August 15, 2023
The August 15, 2023 minutes were unanimously approved.
3. REGULAR AGENDA ITEMS
3a Presentation of the fourth quarter FY23 investment report
Assistant City Manager Mark Wood reviewed the final quarter of FY23 investment
report. He reviewed the City’s cash position, yield curve, return summary and the
mark to market. Manager Wood noted the City is in good financial condition and it
is anticipated there will be higher returns in FY24, though the City always budgets
conservatively.
There was general discussion on bank promotions, purchasing, the stability of the
market, and the search for a finance director.
4. ADJOURNMENT
The meeting was adjourned at 5:31 p.m.
Minutes taken and prepared by:
Christine Loven, TRMC,
City Secretary