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HomeMy WebLinkAbout2018-2019CITY OF SEBASTIAN, FLORIDA POLICE PENSION FUND - 2018/2019 BUDGET Approved by Police Pension Board October 5, 2018 Approved Previous Year's Annual Total 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 Annual Operating Expenses Budget Actual Actual Actual Actual Actual Investment Managers: Highland Capital 52,000$ 67,754.39$ 60,479.85$ 42,352.99$ 64,402.32$ 58,710.23$ Boston Parners 7,000 7,168.66 Fiera Capital (APEX)5,400 5,932.56 Renaissance 7,000 6,938.39 Center Coast (Brookfield)3,000 3,066.53 Intercontinental - - Performance Manager - Graystone 13,500 13,500.00 13,500.00 13,500.00 16,875.00 15,000.00 Salem Trust Company 29,000 27,715.00 7,245.00 6,265.00 6,615.00 5,295.00 ADR Agent Fee - Foreign Dividends 2,300 193.08 581.24 451.80 141.44 186.69 Sub-total Investment Expense 119,200$ 132,268.61$ 81,806.09$ 62,569.79$ 88,033.76$ 79,191.92$ Actuarial - Foster $ Foster 18,000 - 13,331.00 14,765.00 21,398.00 15,544.00 State Report Preparation - Foster $ Foster 3,000 Legal Services 26,000 7,767.42 29,011.01 18,294.60 17,189.16 7,623.64 Administrative Fee to City 24,000 6,000.00 Insurance 2,600 2,585.00 3,021.05 3,121.05 3,121.05 3,000.00 Miscellaneous: Minutes Preparation 1,100 256.00 Codification of Approved Ordinance(s)600 - 1,222.07 1,646.76 Functional Capacity Assessments 1,350 Travel - - 695.50 101.90 - Contingency 15,000 Sub-total Administrative Expense 91,650$ 16,608.42$ 45,363.06 36,876.15$ 43,032.18$ 27,814.40$ Total Operating Expenses 210,850$ 148,877.03$ 127,169.15 99,445.94$ 131,065.94$ 107,006.32$