Notice of Meeting
BOARD OF TRUSTEES OF THE GALVESTON WHARVES

FINANCE COMMITTEE
Tuesday, May 26, 2020  9:00 a.m.
Port of Galveston
8th Floor Shearn Moody Plaza
123 Rosenberg Avenue, Galveston, Texas 77550

Finance Committee Members
Harry D. Maxwell, Jr., Chairman  
Albert P. Shannon
Todd Sullivan
NOTICE OF MEETING
 To slow the spread of the Coronavirus (COVID-19).  There will be no public access to the location described above.

I.

CALL TO ORDER

I.A.

Roll Call

I.B.

Declaration of Quorum

I.C.

Declaration of Conflicts of Interest

I.D.

Comments from the Public

The public will be permitted to submit public comments electronically as provided by the agenda and as permitted by the presiding officer during the meeting. An electronic public comment form for submission of public comments to the Board of Trustees can be accessed online at https://www.portofgalveston.com/FormCenter/Public-Comment-Form-2/Public-Comment-Form-36  A copy of the comments can be provided upon request.  
II.

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.)
Documents:
  1. a.pdf
  2. b.pdf
  3. c.pdf
  4. d.pdf
  5. e.pdf
  6. f.pdf
  7. g.pdf
  8. h.pdf
  9. CFO Report.pdf
III.

BUSINESS ITEMS

III.A.

Discuss and Consider Acceptance of the 2019 Audited Galveston Wharves Pension Plan Annual Financial Report for Year Ending December 31, 2019 - Mark

Documents:
  1. a.pdf
III.B.

Discuss and Consider Acceptance of the Galveston Consolidated Financial Audit, Comprehensive Annual Financial Report (CAFR), A Federal Single Audit was not Required for 2019 - Mark

Documents:
  1. b.pdf
III.C.

Discuss and Consider Budget Amendment, Expenses, and Priorities - Trustee O'Rourke

Documents:
  1. c.pdf
III.D.

Discuss and Consider Budget Amendment, Expenses, and Priorities - Trustee O'Rourke

IV.

COMMENTS FROM THE FINANCE COMMITTEE

Pursuant to Texas Government Code Section 551.0415, Trustees may report on any of the following items:

1. Expressions of thanks, gratitude, and condolences 
2. Information regarding holiday schedules
3. Honorary or salutary recognition of a public official, public employee, or other citizen
4. Reminders regarding Galveston Wharves events
5. Reminders regarding community events
6. Health and safety announcements
V.

SET DATE AND TIME OF NEXT MEETING

VI.

ADJOURNMENT

4:00 p.m. Friday, May 22, 2020


______________________________________
Rodger Rees, Port Director/CEO
NOTE:

At this time, there will be no public access to the Port of Galveston offices due to the COVID-19. The Finance Committee Meeting will be live streamed through the Port of Galveston Website for public viewing.

 IT IS POSSIBLE THAT ONE OR MORE MEMBERS OF THE BOARD OF TRUSTEES WHO ARE NOT MEMBERS OF TH 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 CITY SECRETARY’S OFFICE, SUITE 201, 823 ROSENBERG, GALVESTON, TEXAS 77550 (409-797-3510).

Members of the City Council may be attending and participating in discussion.