HomeMy WebLinkAbout02061990 POPTMINUTES OF THE MEETING OF THE BOARD
OF TRUSTEES OF THE SEBASTIAN POLICE
OFFICERS' RETIREMENT TRUST FUND HELD
TUESDAY, FEBRUARY 6, 1~0 IN THE
CITY MANAGER'S CONFERENCE ROOM.
The meeting was called to order by Chairman Reynolds at
10:07 A.M. Present were Carol Carswell, Gregory Gore,
David Puscher and Charles Reynolds.
A motion was made by Gregory Gore and seconded by David
Puscher to approve the Minutes as submitted. Motion carried.
The Treasurer's report was submitted.
report was filed for audit.
After discussion, the
Under old business Chairman Reynolds spoke about the
Trustees' meeting in Tallahassee on March 20 and 21. He
stated that it would be worthwhile for as many of the
Trustees to attend as possible. David Puscher was appointed
as a Committee of one to find out more about the meeting.
NEW BUSINESS - There was a discussion on setting a time to
allow money managers to make presentations to the Board.
There are five firms who haye expressed interest in giving
presentations. Gregory Gore made a motion, seconded by
Carol Carswell to set up two days to hear proposals on
money management --One day for the three from Brokerage
Houses and the other day for the two Banks. Motion carried.
The individuals would be set up at 15 minute intervals.
Tuesday, February 2? starting at 10 A.M. and Thursday~
March 1 starting at 10 A.M. were set as the days subject to
the Trustees checking their calendars. Gregory Gore would
take care of inviting the people from the Brokerage Houses
and Carol Carswell would take care of the Banks.
Gregory Gore gave the forms for designation of beneficiary
to Chief Reynolds for distribution to the members.
Carol Carswell stated that the amendment to the Plan making
it a Chapter Plan had been sent to Marvin Clayton. The
City's audit firm would prepare the paperwork for submission
of the Plan to the IRS. There was a discussion about the
tax consequences of the 185 Plan to the individual members
and how it was reported on their W-2s.
There being no further business, the meeting adjourned at
10:45 A .M.
Respectfully submitted
CAROL CARSWELL
Sec ret ary / Treasurer
AGENO,~
SEBASTIAN POLICE RETIREMENT TRUST FUND
February 6, lggO
2.
3.
4.
5.
Call to Order
Approval of Minutes
Treasurer's Report
Old Business
New Business
6. Trustee Matters
7. Adjoumn
Discussion of Money Managers
TREASURER'S REPORT
SEBASTIAN POLICE RETIREMENT TRUST FUND
FEBRUARY 6, 1990
Beginning Balarlce
Deposits
Disbur-sements
Balance 2/6/90
$22,573.04
3,776.38
0
$2& ,34~; .42