HomeMy WebLinkAboutAudit Committee-Minutes-08/19/2025
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE MINUTES
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room - Third Floor
TUESDAY, AUGUST 19, 2025 – 4:30 P.M.
1. CALL TO ORDER
City Secretary Christine Loven called the meeting to order at 4:30 p.m. and called
the roll.
PRESENT: Committee members Brandi Elder, Scotty Richardson, and Mark
Alphonso.
ALSO PRESENT: Finance Director Cassie Smith, Accounting Manager Karen
Hines, City Manager Jerry Ducay, Assistant City Manager Mark Wood, and City
Secretary Christine Loven.
2. APPROVAL OF MINUTES
June 17, 2025
The June 17, 2025, minutes were approved as presented.
3. REGULAR AGENDA ITEMS
3a Approval of the City of Colleyville Investment Policy annual review
Finance Director Cassie Smith stated the Investment Policy is in accordance with
Chapter 2256 of the Texas Government Code – Public Funds Investment Act and is
required to be reviewed annually. She noted as the policy was updated and
approved last year, there are no recommended changes.
3b Quarterly investment report as of June 30, 2025
Finance Director Cassie Smith reviewed the report and explained the portfolio
performance and investment distribution. She noted the TexPool accounts are
paying better in this quarter and cash is doing well.
There was no discussion.
4. ADJOURNMENT
The meeting adjourned at 4:35 p.m.
City of Colleyville Page 2
Audit Committee Minutes August 19, 2025
PASSED ON THIS THE 18TH DAY OF NOVEMBER 2025.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary