Board of Trustees of the Galveston Wharves 

FINANCE COMMITTEE

Tuesday, January 23, 2024 9:00 a.m.
Port of Galveston
123 Rosenberg Avenue, 8th Floor
Galveston, Texas 77550


FINANCE COMMITTEE MEMBERS
Sheila Lidstone, Chairman
Willy Gonzalez, Vice Chair

Jim Yarbrough, Member

NOTICE OF MEETING

The Finance Committee Meeting is open to the public. 

I.

CALL TO ORDER

I.A. Roll Call

I.B. Declaration of Quorum

I.C. Invocation 

I.D. Declaration of Conflicts of Interest

I.E. Comments from the public 

II.

PRESENTATIONS AND ANNOUNCEMENTS

  • Presentation by Frost Bank 
  • Presentation by McGriff 
  • Certificate of Achievement Government Finance Officers Association 
III.

BUSINESS ITEMS

III.A.

CFO REPORT/CONSENT AGENDA

  • Consider Board and Staff Expense Reports (a.) 
  • Consider Financial Statements (b.)
  • Accept Port Investments Report (c.)
  • Accept Bank Reconciliation Report and Schedule of Restricted Fund Balances Report (d.)
  • Accept Cash Flow Projections (e.)
  • Accept Monthly Delinquent Accounts Receivable Analysis (f.)
  • Accept Vendor Check Register Report (g.)
  • Consider Trade Development (h.)
III.B.

Discuss and Consider Portfolio Performance Analysis Report, Summary of Investment Performance report and Investment Detail of the Galveston Wharves Pension Plan Period Ending December 31, 2023, and Discuss and Consider Percentage Changes in the Fund Mix that may be necessary to Increase Investment Results

Documents:
  1. III.B.pdf
III.C.

Discuss Line of Credit Available in Case of Emergency

IV.

COMMENTS FROM THE FINANCE COMMITTEE ON AGENDA ITEMS

V.

SET DATE AND TIME OF NEXT MEETING

VI.

ADJOURNMENT

I certify that the above Notice of Meeting was posted in a place convenient to the public, in accordance with Chapter 551 of the Texas Government Code, on or before 4:00 p.m. Friday, January 19, 2024.
 
 

____________________________________________________
 Rodger Rees, Port Director/CEO

Please Note:

IT IS POSSIBLE THAT ONE OR MORE MEMBERS OF THE BOARD OF TRUSTEES WHO ARE NOT MEMBERS OF THE FINANCE COMMITTEE MAY ATTEND THIS MEETING. IF THE ATTENDANCE BY SUCH TRUSTEES RESULTS IN A QUORUM OF THE FULL BOARD OF TRUSTEES BEING PRESENT AT THE MEETING, THIS MEETING WILL ALSO BE CONSIDERED A MEETING OF THE FULL BOARD OF TRUSTEES.

 

IN ACCORDANCE WITH THE PROVISIONS OF THE AMERICANS WITH DISABILITIES ACT (ADA), PERSONS IN NEED OF A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHALL, WITHIN THREE (3) DAYS PRIOR TO ANY PROCEEDING, CONTACT THE SECRETARY’S OFFICE, 123 ROSENBERG, 8TH FLOOR, GALVESTON, TEXAS 77550 (409-766-6105).