HomeMy WebLinkAboutAudit Committee-Minutes-05/12/2026
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, MAY 12, 2026 - 5:15 PM
1. CALL TO ORDER
City Secretary Christine Loven called the meeting to order at 5:15 p.m. and called
the roll.
PRESENT: Committee members Brandi Elder, Scotty Richardson, and Mark
Alphonso.
ALSO PRESENT: Mayor Bobby Lindamood, Accounting Manager Karen Hines, City
Manager Jerry Ducay, Assistant City Manager Mark Wood, and City Secretary
Christine Loven.
2. APPROVAL OF MINUTES
February 17, 2026
The February 17, 2026 minutes were approved as presented.
3. REPORTS
Quarterly investment report as of March 31, 2026
Assistant City Manager Mark Wood stated Finance Director Cassie Smith is out and
he will provide the report overview. Manager Wood reviewed the composition of
the City’s portfolio, to include the investment pools and noted as projected, the
returns are down. He stated the City will continue to monitor investments and
optimize earnings.
There was general discussion regarding the rates of return.
4. ADJOURNMENT
The meeting adjourned at 5:23 p.m.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary