August 6, 2014

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
August 6, 2014

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 14-06
August 6, 2014 9:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON AUGUST 6, 2014

PRESENT: Vincent Benevente, Chairperson
Karen Turja, Vice Chairperson
Ron Cassedy, Member
Anthony Breglio, Member
Joseph Carter, Morgan Stanley
Tim Hester, Morgan Stanley
Jennifer Small, Secretary

I. CALL TO ORDER

Chairman Benevente called the meeting to order at 9:00 am.

II. APPROVAL OF MINUTES

A. Minutes 14-05 – May 7, 2014

Mr. Cassedy moved to approve Minutes 14-05. Ms. Turga seconded. Motion carried unanimously.

III. REPORT FROM JOSEPH CARTER

A. Review and discussion of the 3rd Quarter Performance Report

Mr. Carter presented the quarterly report for the period of April through June, 2014 noting an investment return of 2.26% for the 3rd quarter.

Ms. Turja moved to accept the report. Mr. Breglio seconded. Motion carried unanimously.

IV. OTHER BUSINESS

A. Acceptance of new member: Kaitlin R. Cantees

Ms. Turja moved to accept the new member. Mr. Cassedy seconded. Motion carried unanimously.

B. Bank statements – April, 2014 – June, 2014 – presented for informational purposes only.

Mr. Cassedy announced that he will be resigning once another member is voted to take his place.

V. PUBLIC COMMENT

There were no public comments.

VI. ADJOURNMENT

The meeting adjourned at 9:28 am.
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Vincent Benevente, Chairman

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Jennifer Small, Secretary