August 5, 2015

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
August 5, 2015

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 15-07
August 5, 2015 9:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON AUGUST 5, 2015

PRESENT: Vincent Benevente, Chairman
Karen Turja, Vice Chairperson
Amanda Konstant, Member
Victoria Twitty-Mercer, Member
Joseph Carter, Morgan Stanley
Jennifer Small, Secretary

ABSENT: Lorraine Schulte, Member

1. CALL TO ORDER

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

2. APPROVAL OF MINUTES

A. Minutes 15-05 – May 20, 2015
B. Minutes 15-06 – June 17, 2015

Ms. Turja moved to approve Minutes 15-05 and 15-06. Ms. Konstant seconded. Motion carried unanimously.

3. REPORT FROM JOSEPH CARTER, MORGAN STANLEY

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

Mr. Carter presented the quarterly report for the period of April through June, 2015 noting a gross investment return of .11% for the quarter.

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

Mr. Carter also brought copies of the Investment Policy Statement for Chairman Benevente to sign.

4. OTHER BUSINESS

A. Approval of invoice #7491 from Foster & Foster in the amount of $3,200.00

Ms. Turja moved to approve invoice #7491 from Foster & Foster. Ms. Konstant seconded. Motion carried unanimously.

B. Discussion and possible action regarding Dan Johnson from The Bogdahn Group to make a presentation to the Board

The Board agreed to have Dan Johnson do a presentation in an upcoming special meeting.

C. Approval of the proposed budget

Chairman Benevente moved to approve the proposed budget. Ms. Turja seconded. Motion carried unanimously.

D. Bank Statements for April – June 2015 – presented for informational purposes only.

5. ADJOURNMENT

The meeting adjourned at 10:45 am.

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Vincent Benevente, Chairman

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Jennifer Small, Secretary