Board of Trustees of the Galveston Wharves 

FINANCE COMMITTEE

Tuesday, July 25, 2023 9:00 a.m.
Port of Galveston
123 Rosenberg Avenue, 8th Floor
Galveston, Texas 77550


FINANCE COMMITTEE MEMBERS
Jeff Patterson, Chairman
Victor Pierson, Vice Chair

Sheila Lidstone, 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.

BUSINESS ITEMS

II.A.

Update on FEMA by A.G. Witt

II.B.

Discuss and Consider Portfolio Performance Analysis Report, Summary of Investment Performance Report and Investment Detail of the Galveston Wharves Pension Plan for Period Ending June 30, 2023, and Discuss and Consider Percentage Changes in the Fund Mix that May be Necessary to Increase Investment Results

Documents:
  1. II.B.pdf
II.C.

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. CFO Report 07 25 2023.pdf
  2. a.pdf
  3. b.pdf
  4. c.pdf
  5. d.pdf
  6. e.pdf
  7. f.pdf
  8. g.pdf
  9. h.pdf
II.D.

Discuss and Consider a Resolution of the Board of Trustees of the Galveston Wharves of the City of Galveston Requesting the Approval to Issue Credit Facility for Improvements to Cruise Terminal 25 and Other Capital Improvements Projects, and to Authorize the Port Director/CEO, with Advice and Assistance from Legal Counsel, to Execute Other Documents That May Be Reasonably Required to Effectuate the Proposed Credit Facility

Documents:
  1. II.D.pdf
III.

COMMENTS FROM THE FINANCE COMMITTEE ON AGENDA ITEMS

IV.

SET DATE AND TIME OF NEXT MEETING

V.

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, July 21, 2023.
 
 
 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).