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Home My WebLink About2017/2018CITY OF SEBASTIAN, FLORIDA POLICE PENSION FUND - 2017/2018 BUDGET VS. ACTUAL Reported to Police Pension Board September 18, 2018 Amended Initial Operating Expenses Thru September 12, 2018 Previous Year's Annual Total 2017/2018 2017/2018 2017/2018 To Date 2016/2017 2015/2016 2014/2015 2013/2014 Total Total 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Total Total Total Total Annual Operating Expenses Budget Budget 10/1 - 12/31 1/1 - 3/31 4/1 - 6/30 7/1 - 9/30 Actual Actual Actual Actual Actual Investment Managers: Highland Capital 68,000$ 60,000$ 28,939.99$ 13,483.12$ 12,509.97$ 12,821.31$ 67,754.39$ 60,479.85$ 42,352.99$ 64,402.32$ 58,710.23$ Boston Parners 7,000 3,500 1,453.65 1,777.77 1,768.12 1,763.93 6,763.47 Fiera Capital (APEX)5,400 3,500 1,026.40 1,405.79 1,466.85 1,487.80 5,386.84 Renaissance 7,000 3,500 1,389.13 1,728.51 1,701.77 1,631.70 6,451.11 Center Coast (Brookfield)3,000 3,500 660.28 805.77 685.15 758.49 2,909.69 Intercontinental - 3,500 - Performance Manager - Graystone 13,500 13,500 3,375.00 3,375.00 3,375.00 3,375.00 13,500.00 13,500.00 13,500.00 16,875.00 15,000.00 Salem Trust Company 29,000 6,500 5,550.00 9,770.00 8,200.00 4,730.00 28,250.00 7,245.00 6,265.00 6,615.00 5,295.00 ADR Agent Fee - Foreign Dividends 2,300 500 293.95 229.36 688.70 431.73 1,643.74 581.24 451.80 141.44 186.69 Sub-total Investment Expense 135,200$ 98,000$ 42,688.40$ 32,575.32$ 30,395.56$ 26,999.96$ 132,659.24$ 81,806.09 62,569.79$ 88,033.76$ 79,191.92$ Actuarial - Foster $ Foster 18,000 20,000 1,314.00 16,520.00 17,834.00 13,331.00 14,765.00 21,398.00 15,544.00 Legal Services 26,000 20,000 6,886.42 11,967.38 6,285.00 25,138.80 29,011.01 18,294.60 17,189.16 7,623.64 Administrative Fee to City 24,000 12,000.00 6,000.00 6,000.00 24,000.00 Insurance 2,600 3,200 2,585.00 2,585.00 3,021.05 3,121.05 3,121.05 3,000.00 Miscellaneous: Minutes Preparation 1,100 500 128.00 722.00 112.00 80.00 1,042.00 Codification of Approved Ordinance(s)600 900 598.20 598.20 1,222.07 1,646.76 Functional Capacity Assessment - Johnson 1,350 1,344.00 Travel - 1,000 - 695.50 101.90 - Sub-total Administrative Expense 73,650$ 45,600$ 3,311.20$ 20,922.42$ 35,943.38$ 12,365.00$ 71,198.00$ 45,363.06 36,876.15$ 43,032.18$ 27,814.40$ Total Operating Expenses 208,850$ 143,600$ 45,999.60$ 53,497.74$ 66,338.94$ 39,364.96$ 203,857.24$ 127,169.15 99,445.94$ 131,065.94$ 107,006.32$