HomeMy WebLinkAboutAgenda GEPF 010896MEETING & AGENDA
FOR
BOARD OF TRUSTEES
CITY OF PALM BEACH GARDENS
JANUARY 8, 1996
Approval of minutes for meeting of September 11, 1995
" 1 . INVESTMENT REPORTS -HAL CHiP ELL, CIMA
A. ANNUAL & QTLY REVIEW-SUN BANK
B. INVESTMENT MANAGER OVERVIEW
C. PERFORMANCE MONITOR
D. SOFT-DOLLAR CREDIT REPORT
2. ACTUARIAL REPORT -WARD FOSTER, JR.
3. OLD BUSINESS
A. REVISED PENSION PLAN
(ENACTMENT -? )
4. NEW BUSINESS
A. STUDY OF PLAN STATISTICS RELATING TO
# OF PARTICIPANTS & PERCENTAGE OF PAYROLL COSTS
5. ATTORNEY'S UPDATE -LEE DEHNER, ESQUIRE
6 . OTHER & ADJOURNMENT
WIN WELDON
CHAIRMAN
BOARD OF TRUSTEES
NOTICE OF MEETING AND AGENDA
Please take notice that the BOARD OF TRUSTEES OF THE CITY OF PALM
BEACH GARDENS GENERAL EMPLOYEES. PENSION FUND will conduct a
meeting of the Board on February 5, 1996 at 3:00 P.M. in the
Council Chambers.
AGENDA
1. Approval of minutes dated 1/8/96.
2. Actuarial Report -Ward Foster, Jr.
A. Revised data results
3. Investment Reports
4. Old Business
A. Ordinance revision and workshop
5. New Business
6. Attorney's Report
7. Adjournment
DISABILITY INFORMATION
In accordance with the Americans with Disabilities Act and F.
S.S. 286.26, persons with disabilities needing special accommoda-
tion to participate in this proceeding should contact Judy Fox no
later than seven days subsequent to the proceeding at (407) 775-
8201 for assistance; if hearing impaired, telephone the Florida
Relay Service Numbers, {800)955-8771 {TDD) or (800) 955-8770
(VOICE), for assistance.
APPEAL NOTICE
If a person decides to appeal any decision made by the Board,
with respect to any matter considered at such meeting or hearing,
he will need to ensure that a verbatim record of the proceedings
is made, which record includes the testimony and evidence upon
which the appeal is to be based.
January 30, 1996
CITY OF PALM BEACH GARDENS
GENERAL EMPLOYEES PENSION FUND
10500 NORTH MILITARY TRAIL
PALM BEACH GARDENS, FLORIDA 33410
Mr. Philip G. Robert, Assistant Vice President
SunTrust Bank
Post Office Box 3786
Orlando, Florida 37802 3786
Dear Mr. Robert:
As you know, Section V. of our fund's Investment Policy
discusses the Board's responsibility to communicate with you
under several investment circumstances. Accordingly, we regret
we must warn you of the Board's serious concern for the Fund's
performance as cited in 1) of the document.
We certainly hope improved financial markets will permit
improved performance.
While no formal reply is necessary, we do ask you acknowl-
edge receipt of this letter.
Sincerely,
91/l::/
Judy Fox, Secretary
cc: Becky Carroll
DONALDSON & CO.
INCORPORATED
INSTITUTIONAL STOCKBROKERS
Judy Fox
Palm Beach Gardens General Employees
Dear Judy:
Overlook III
2859 Paces Ferry Road
Suite 2125
Atlanta, GA 30339
Phone: (770) 333-8300
(800) 438-4284
Fax: (770) 333-9050
January 15, 1996
Along with your December Directed Brokerage statement, we at Donaldson & Co.,
Incorporated want to express our sincere thanks for the opportunity to serve you over
the past year.
We believe it is a privilege to provide good service to good clients. And we hope
that belief is reflected each and every time you come in contact with us. As we begin
1996, please let us know other ways in which we could serve you.
We wish you a prosperous new year!
R t ~"I \"
••1\\t!'ll
,(!,\1,\11111
Sincerely,
(\{,(Vllt:1t J~ne Mascellino
Controller
Honorary Attache and Of'ficial Sponsor for The 1996 Russian Olympic Team
DONALDSON & CO. Overlook Ill
INCORPORATED
DIRECTED BROKERAGE STATEMENT
2859 Paces Ferry Road
Suite 2125
Atlanta, Ga 30339
Palm Beach Gardens General Employees
For Transactions settling
between 11/27/95 and 12/29/95
COMMISSION ACTIVITY REFERENCE NUMBER
REVENUE TYPE
Equities
Fixed Income
Directed Orders
Other
Total Credit (Soft)
Conversion Ratio
Total Credit (Hard)
PAYMENT ACTIVITY
SERVICE DESCRIPTION
Recaptured Commissions
Total Payments
ACTIVITY SUMMARY
Hard Dollar Credit
Payment Activity
Current Balance (Hard)
Current Balance (Soft)
CURRENT MONTH
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
2.00
$ 0.00
CURRENT MONTH
$ 0.00
$ 0.00
-Balance Forward
-Current Period
--Total
:
$
$
$
$
$
$
$
$
$
$
$
YEAR-TO-DATE
0.00
0.00
0.00
9,647.58
9,647.58
1
4,823.79
YEAR-TO-DATE
01/15/96
4,823.79
0.00
0.00
0.00
0.00
191-9512
The Current balance (hard) indicates the hard dollar "purchasing power" of this account.
Questions? Please contact Joanne Mascellino, Client Services Manager, at (800)438-4284.
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