HomeMy WebLinkAbout03172009 PRBSebastian Police Pension Board - DRAFT
MARCH 17, 2009 1000 SEBASTIAN CITY COUNCIL CHAMBERS
Regularly Scheduled
Bob Zomok
...,E N D _,E S Eric Wheeler, Robert Zomok, Denis Hovasse, Debra Krueger
Absent /Excused: Richard Taracka
Agenda topics
TIME Subject
Call to Order
PRESENTER
TIME Subject PRESENTER
Old Business
DISCUSSION
CONCLUSIONS
ACTION ITEMS PERSON RESPONSIBLE DEADLINE
Report on Response to (completed) D. Krueger 3/17/09
Report on Review of Ordinance (completed) D. Krueger 3/17/09
Report on update of Wells Fargo Contract (in process) L. Dehner 3/17/09
Report on contact with Travelers (cmpleted) D. Krueger 3/17/09
1
TIME Subject PETER GOODRIDGE
Review of Port Folio
The Fund had a return of -10.44% for the quarter ending 12/31/2008. For the quarter and for the last
year, the Fund underperformed the comparative indices. However, this was primarily due to the Bond
portfolio. The equity investments have continued to outperform the indices.
Motion to accept the report made by Denis Hovasse Seconded by Debra Krueger
Motion passed
INf a, s E:.
TIME Subject
Fund Review BENNETT HARMON
Bennett provided a detailed look at the holdings and the performance of ICC during the last quarter and
the last year. Overall strategy is to stay overweight in defensive sectors.
Motion to accept the report made by Denis Hovasse Seconded by Debra Krueger
r::O c:U, IONS Motion passed
PERSON RESPONSIRLE DEADL1,N
TIME Subject LE DEHNER
Review of Ordinance /Other Legal Issues
We will continue to monitor legislative changes to be sure they are incorporated into the draft of the new
DISCUSSION ION Ordinance designed to move from a Chapter Plan to a Local Plan. To that end Florida HB 5 continues its
forward movement. Rule changes that have been monitored in the past are now on the "back burner."
Motion to accept the report made by D. Hovasse Seconded by Debra Krueger
CONCLUSIONS Motion passed
PERSON RESP gNSIBLC' DEADLINE
2
TIME Subject
Next Meeting
PRESENTER
c ol`.Cl
ONS
The Next meeting is June 9, 2009
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