Agenda_Pension General_02/06/2017 AGENDA
BOARD OF TRUSTEES
TEQUESTA GENERAL EMPLOYEES'
PENSION TRUST FUND �
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE
VILLAGE HALL COUNCIL CHAMBERS
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY FEBRUARY 6, 2017
1:00 P.M.
I. CALL TO ORDER AND ROLL CALL
Chair Michael D. Rhodes
Secretary Bernard War�
Board Member Michelle Gload
Board Member Dennis Rick
Board Member Jesse Oakley III
Attorney: Bonni Jensen, The Law Office of Kiausner, Jensen & Levinson
Pension Administrator: Scott Baur, The Resource Centers
Investment Monitor: Tyler Grumbles, &Co Consulting
II. PUBLIC COMMENT
III. APPROVAL OF AGENDA
IV. APPROVAL OF MINUTES
1. Tequesta General Employees' Pension Trust Fund Board of Trustees Regular Quarterly
Meeting Minutes— November 7, 2016.
V. PRESENTATION
2. Jeffery Amrose, GRS.
a. Actuarial Valuation Report October 1, 2016
b. Expectant Rate of Return
3. Tyler Grumbles, & Co Consulting
a. &Co Consulting Announcement
b. Quarterly Performance Report as of December 31, 2016
VI. CONSENT AGENDA
4. Ratification of invoices paid since last quarterly meeting:
Check# Paid Date Vendor/Descriqtion Amount
1256 11/21/2016 Gabriel f2oeder Smith&Company $2,149.00
Actuarial Services Rendered through 9-30-16
Invoice#424924 Date 10/4/16
1257 11/21/2016 Pension Resource Centers $800.00
Administrator Fee-November 2016
fnvoice#15090
1258 11/21/2016 FPPTA $600.00
2017 Renewal
1259 12/12/2016 Pension Resource Centers $800.00
Administrator Fee-December 2016
Invoice#15153
1260 12/12/2016 Klausner, Kaufman,Jensen&Levinson $1,980.00
Legal Services Rendered through 11-30-16
Invoice#19130
1261 12/12/2016 Klausner, Kaufman,Jensen&Levinson $258.50
Legal Services Rendered through 10-31-16
Invoice#18994
1262 12/12/2016 Klausner, Kaufman,Jensen&Levinson $34.97
Legal Services Rendered through 9-30-16
Invoice#18843
1263 12/12/2016 VOID
1264 12/12/2016 VOI D
1265 1/25/2017 &Co $3,125.00
4th Quarter 2016
Invoice#20250
1266 1/25/2017 Klausner, Kaufman,Jensen&Levinson $135.00
Legal Services Rendered through 12-31-16
Invoice#19278
1267 1/25/2017 Pension Resource Centers $800.00
Administrator Fee-January 2017
Invoice#15218
Paid by
Custodian
10/25l2016 Fiduciary Trust International R&D $60.00
3rd Quarterly Admin Fee 9/30/16
Cust#xx�oc6600 I nv#S 14800486000
10/25/2016 Fiduciary Trust International Employees PE $122.38
3rd Quarterly Custody Fee 9/30/16
C u st#XXXX610 I nv#S 14800484639
10/25/2016 Fiduciary Trust International Dana EQ $285.70
3rd Quarterly Custody Fee 9/30/16
Cust#XXXX620 I nv#S 14800484640
10l25/2016 Fiduciary Trust International R&D $125.17
3rd Quarterly Custody Fee
Cust#XXXX600 !nv#S14800484638
5. Payments to be reviewed and approved:
January 1,2017 Gabriel, Roeder, Smith&Company $6,373.00
Invoice#426761
October 16,2016 Dana Advisors $522.87
Invoice#50828 Account#1087cb 3rd Qtr 2016
October 16,2016 Dana Advisors $3,662.84
Invoice#50887 Account#1087cc 3rd Qtr 2016
January 10,2017 Dana Advisors $512.20
Invoice#52933 Account#1087cb 4th Qtr 2�16
January 24,2017 Dana Advisors $3,346.62
Invoice#52986 Account#1087cc 4th Qtr 2016
6. Reporting of new applicants for participation in Pension Plan:
John Rouse
Meaghan Arango-Lorick
7. Approval of withdrawal of contributions:
Carlos Morales
Patrick Sargent
8. Terminated employees who have not taken their contributions:
END OF CONSENT AGENDA
VII. UNFINISHED BUSINESS
VI11. NEW BUSINESS
9. Bonni Jensen, Klausner, Jensen & Levinson
a. 2017 IRS Milage Rate Memorandum
b. Pending FRS Mortality Table Memorandum
c. Request for Online Access to Fiduciary Trust
d. Attorney Fee Increase
IX. BUDGET REPORT
10.Quarterly Budget Report— Income Statement & Expenditure Report, Finance Staff
X. ADMINISTRATIVE REPORT
11. 2017 Conference List
12. Update Signature Cards for Fiduciary Trust
XI. ANY OTHER MATTER
XII. COMMUNICATIONS FROM CITIZENS
XIII. ADJOURNMENT
NEXT QUARTERLY MEETING DATE: May 1, 2017 at 8:30 am
PLEASE TAKE NOTICE AND BE ADVISED: If a person decides to appeal any decision made by this Board
with respect to any matter considered at this meeting or hearing he/she will need a record of the proceedings, and that, for
such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the
testimony and evidence upon which the appeal is to be based.
DISABILITY INFORMATION: In accordance with the Americans with Disabilities Act and F.F.S 286.26, persons with
disabilities needing special accommodation to participate in this meeting should contact Lori McWilliams,Village Clerk,no
Iater than seven days subsequent to tfle proceeding at 56I.768.0700 for assistance. If hearing impaired, please call the
Florida Relay Service Numbers at 800-955-8771 (TDD)or 800-955-8770(VOICE)far assistance.
REMINDER:FIDUCIARY TRUST FINANCIAL STATEMENTS ARE AVAILABLE ON THE VILLAGE'S
IMAGING SYSTEM.