Notice of Meeting
BOARD OF TRUSTEES OF THE GALVESTON WHARVES

FINANCE COMMITTEE
Monday, January 27, 2020  9:00 a.m.
Port of Galveston
8th Floor Shearn Moody Plaza
123 Rosenberg Avenue, Galveston, Texas 77550

THIS FINANCE COMMITTEE MEETING IS OPEN TO THE PUBLIC

Finance Committee Members
Harry D. Maxwell, Jr., Chairman  
Albert P. Shannon
Todd Sullivan


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

 All wishing to address the Board of Trustees of the Galveston Wharves must sign in with the Secretary of the Board. Comments limited to 3 minutes.
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.)
III.

BUSINESS ITEMS

III.A.

Discuss and Consider Portfolio Performance Analysis Report, Summary of Investment Performance Report and Investment Detail of the Galveston Wharves Pension Plan for Period Ending December 31, 2019 and Discuss and Consider Percentage Changes in Fund Mix That May Be Necessary To Increase Investments Results

III.B.

Propose New Time for March 30, 2020 Finance Committee Meeting - 2:00 p.m.

IV.

COMMENTS FROM THE FINANCE COMMITTEE ON AGENDA ITEMS

V.

SET DATE AND TIME OF NEXT MEETING

VI.

ADJOURNMENT

4:00 p.m. Thursday, January 23, 2020


______________________________________
Rodger Rees, Port Director/CEO
NOTE:

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 public attending the Board’s Committee Meetings may park at no cost in the Shearn Moody Plaza Parking Garage.  The garage is located across the street from the Port offices.

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