HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 07B_05/21/2002NORTI-STAR C~1I'ITAL MANAGEMEl~]T, INC.
INVESTMENT COUNSEL
4400 PGA Boulevard, Suite 600
Palm Beach Gardens, Florida 33410
(561) 775-5880 (561) 775-5909 Fax
PETER V. VAN BEUREN
PRINCII'AL
May 14, 2002
Ms. JoAnn R. Forsythe, Finance Director
Village of Tequesta
P.O. Box 3273
Tequesta, Florida 33458-0273
Re: Village of Tequesta Public Safety Officers' Pension Trust Fund
Dear JoAnn:
We are pleased to enclose the Apri130, 2002 investment appraisal of the Village of Tequesta Public
Safety Officers' Pension Trust Fund. We are also including a statement of transactions as well as a
proxy report.
I am planning to meet members of the Board of Trustees on Tuesday, May 21, 2002 at the Village
offices. At that time, I will be making a presentation as to the status of the investment portfolio and
answer any questions that members of the Board might have.
Looking forward to seeing you then.
Sincerely yours,
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Northstar Capital Management, Inc.
PURCHASE AND SALE
VILLAGE OF TEQUESTA
PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
4806P3
From 04-01-02 To 04-30-02
Trade Settle
Date Date
PURCHASES
04-09-02 04-12-02
04-09-02 04-12-02
04-15-02 04-18-02
04-17-02 04-18-02
04-23-02 04-24-02
04-30-02 OS-03-02
SALES
04-08-02 04-11-02
04-08-02 04-11-02
04-08-02 04-11-02
04-15-02 04-18-02
04-15-02 04-18-02
04-30-02 OS-03-02
Unit
Quantity Security Price Amount
100 QUEST DIAGNOSTICS 85.62 8,562
150 GENERAL DYNAMICS 95.75 14,362
CORPORATION
125 L3 COMMUNICATIONS HLDGS. 124.01 15,501
25,000 FEDERAL HOME LOAN 100.50 25,125
MORTGAGE CORP.
6.250% Due 03-OS-12
25,000 FEDERAL HOME LOAN BANK 99.20 24,800
BOND
5.250% Due 02-13-09
150 GENERAL DYNAMICS 97.31 14,596
CORPORATION
100 ELECTRONIC DATA SYS NW
300 ELECTRONIC DATA SYS NW
100 ELECTRONIC DATA SYS NW
450 BIOMET INC.
450 BIOMET INC.
450 AMERICAN INTL GROUP
50.02 5,002
50.02 15,006
50.02 5,002
26.04 11,717
26.04 11,717
69.35 31,207
79,650
No Text
VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS' PENSION TRUST FD
VOTE SUMMARY REPORT
April 1, 2002 to April 30, 2002
Mtg Company/ Mgt Vote Record Shares
Date/Type Ballot Issues Security Rec Case Date Voted
05/16/2002 A Amgen Inc. 31162100 03/19/02 400
1. Elect Directors For For
Routine Matter
Proposals:
1. Approve the issuance of Amgen common For For
stock to the shareholders of Immunex pursuant
to the amended and restated agreement and
plan of merger.
2. Ratify selection of Ernst & Young LLP For For
as independent auditors for year ending
December 31, 2002.
3. Approve the executive incentive plan For For
under Section 162(M) of the internal
revenue code.
05/01/02 A Pepsico Inc. 713448108 03!08/02 500
1. Elect Directors For For
Routine Matter
Proposals:
2. Approval of Auditors KPMG LLP For For
3. Shareholder Proposal (proxy statement Against Against
page 16)
4. Shareholder Proposal (proxy statement Against Against
page 17)
5. Shareholder Proposal (proxy statement Against Against
page 19)
6. Shaeholder Proposal (proxy statement Against Against
page 19)
05/22/02 A Intel Corporation 458140100 03/25/02 400
1. Elect Directors For For
Routine Matter
2. Ratification of appointment of Ernst & For For
Young as independent auditors for 2002
No Text
05/15/02 A American Intl Group 26874107 03/22/02 450
1. Elect Directors For For
Routine Matter
Proposals:
02. Adopt the 2002 Skock Incentive Plan For For
03. Ratification of Independent Accountants For For
Pricewaterhouse Coopers LLP
04. Shareholder Proposal Described in Against Against
Proxy Statement
05/02/02 A Federal Home Loan Mortgage 313400301 03/11/02 400
1. Elect Directors For For
Routine Matter
Proposals:
02. Ratification of appointment of For For
Pricewaterhouse Coopers LLP as independent
public accountants for the year ending
December 31, 2002.
05/21/02 A Kohl's Corporation 500255104 03/26/02 300
1. Elect Directors For For
Routine Matter
Proposals:
02. Ratify Appointment of Ernst & Young LLP For For
as independent auditors.
03. Shareholder Proposal concerning Against Against
monitoring of vendors' compliance with
company's terms of engagement.
05/31/02 A Lowe's Companies Inc. 548661107 03/29/02 400
1. Elect Directors For For
Routine Matter
Proposals:
02. Shareholder Proposal concerning Against Against
global workplace labor standards
05/23/02 A Concord EFS, Inc. 206197105 03/26/02 1,000
1. Elect Directors For For
Routine Matter
Proposals:
02. Approve the amendment to the certificate For For
of incorporation to increase the number of
authorized shares of common stock.
03. Approve the Concord EFS, Inc. 2002 For For
stock option plan.
No Text
05/04/02 A Harley-Davidson Inc, 412822108 03/13/02 500
1. Elect Directors For For
Routine Matter
Proposals:
02. Ratification of Ernst & Young LLP For For
as auditors
06/07/02 A WalMart Stores, Inc. 931142103 04/10/02 500
1. Elect Directors For For
Routine Matter
Proposals:
02. Shareholder resolution regarding equal Against Against
employment opportunity report.
03. Shareholder resolution regarding global Against Against
human rights standards.
05/29/02 A Home Depot, Inc, 437076102 04/01/02 400
1. Elect Directors For For
Routine Matter
Proposals:
02. Approval of company proposal to For For
ratify the appointment of KPMG LLP as
independent auditors for the fiscal year 2002
03. Approval of company proposal to amend For For
certificate of incorporation to eliminate
article eighth, which sets forth a "fair price"
provision.
04. Company proposal to re-approve the For For
Home Depot, Inc. 1997 omnibus stock
incentive plan, as amended to add
additional performance measurements.
05. Approval of stockholder proposal Against Against
regarding global workplace standards.
No Text
Northstar Capital Management, Inc.
SUMMARY OF INVESTMENT POSITION
VILLAGE OF TEQUESTA
PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
4806P3
April 30, 2002
CASH INSTRUMENTS
CASH
MONEY MARKET FUNDS
TOTAL ASSET CLASS
FIXED INCOME
BONDS
U.S. GOVERNMENTS
TOTAL ASSET CLASS
COMMON STOCK
CAPITAL GOODS
COMMUNICATION SERVICES
CONSUMER DISCRETIONARY
CONSUMER STAPLES
FINANCIALS
HEALTHCARE
INDUSTRIALS
TECHNOLOGY
TOTAL ASSET CLASS
TOTAL PORTFOLIO
Total % Est. Annual Curr
Classification Market Value Total Fund Income Yield
16,611 1.0 0 0.0
224,911 13.8 3,689 1.6
241,522 14.8 3,689 1.5
179,326 11.0 11,132 6.2
455,961 27.9 27,086 5.9
635,287 38.9 38,219 6.0
29,127 1.8 87 0.3
15,972 1.0 0 0.0
216,408 13.3 660 0.3
79,467 4.9 844 1.1
97,479 6.0 1,012 1.0
153,743 9.4 738 0.5
98,087 6.0 576 0.6
64,609 4.0 157 0.2
754,892 46.3 4,074 0.5
1,631,701 '100.0 45,981 2.8
No Text
Northstar Capital Management, Inc.
PORTFOLIO DETAIL
VILLAGE OF TEQUESTA
PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
4806P3
April 30, 2002
Security Call Call Unit Total Market Annual Curr
Quantity _ Description Date Price Cost Cost Price Value Income Yield
CASH INSTRUMENTS
CASH
CASH ACCOUNT
PENDING CASH _ 16,611 __ 16,611 0 0.0
CASH TOTAL 16,611 16,611 0 0.0
MONEY MARKET FUNDS
SHORT TERM PAPER
U.S. GOVT 224,911 _224,911 3,689 1.6
MONEY MARKET FUNDS TOTAL __ 224,911 224,911 3,689 1.6
CASH INSTRUMENTS TOTAL 241,522 _
241,522 3,689 1.5
FIXED INCOME
U.S. GOVERNMENTS
TREASURIES
25,000 UNITED STATES TREAS NTS 99.66 24,914 103.34 25,836 1,344 5.2
5.375% Due 06-30-03
25,000 UNITED STATES TREAS NTS 100.44 25,109 104.00 26,000 1,437 5.5
5.750% Due 08-15-03
50,024 51,836 2,781 5.4
AGENCIES
25,000 FEDERAL HOME LOAN BANKS 98.69 24,672 105.81 26,453 1,560 5.9
6.240% Due 12-11-06
25,000 FEDERAL HOME LOAN BANK BOND 99.20 24,800 98.78 24,695 1,312 5.3
5.250% Due 02-13-09
25,000 FEDERAL NATL MTG ASSN 100.37 25,094 102.62 25,656 1,627 6.3
6.510% Due 12-05-19
25,000 FEDERAL NATL MTG ASSN MTN 07-15-02 100.00 99.89 24,972 100.85 25,212 1,632 6.5
6.530% Due 07-15-04
25,000 FEDERAL NATL MTG ASSN MTN 08-27-02 100.00 101.59 25,397 101.21 25,302 1,787 7.1
7.150% Due 08-27-12
25,000 FEDERAL NATL MTG ASSN MTN 01-29-03 100.00 100.00 25,000 101.85 25,462 1,560 6.1
6.240% Due 01-29-08
25,000 FEDERAL HOME LOAN BANKS 03-12-03 100.00 100.00 25,000 102.31 25,578 1,500 5.9
6.000% Due 03-12-07
50,000 FEDERAL HOME LOAN BANKS 03-12-03 100.00 100.00 50,000 101.87 50,937 3,025 5.9
6.050% Due 03-12-08
25,000 FEDERAL HOME LOAN BANKS OS-02-03 100.00 100.00 25,000 101.87 25,469 1,512 5.9
6.050% Due OS-03-08
25,000 FEDERAL FARM CREDIT BANK OS-15-03 100.00 100.00 25,000 101.72 25,430 1,375 5.4
5.500% Due OS-15-06
No Text
Nortllstar Capital Management, Inc.
PORTFOLIO DETAIL
VILLAGE OF TEQUESTA
PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
4806P3
April 30, 2002
Security Call Call Unit Total Market Annual Curr
Quantity Description Date Price Cost Cost Price Value Income Yield
25,000 FEDERAL HOME LOAN BANK 07-23-04 100.00 100.19 25,047 102.25 25,562 1,500 5.9
6.000% Due 07-23-08
25,000 FEDERAL HOME LOAN BANK 08-09-04 100.00 100.00 25,000 100.84 25,211 1,575 6.2
6.300% Due OS-09-11
50,000 FEDERAL HOME LOAN BANK 10-18-04 100.00 99.98 49,992 96.69 48,344 2,775 5.7
5.550% Due 10-18-1 l
25,000 FEDERAL HOME LOAN MORTGAGE 03-OS-07 100.00 100.50 25,125 99.25 24,812 1,562 6.3
CORP.
6.250% Due 03-OS-12
400,099 404,125 24,305 6.0
U.S. GOVERNMENTS TOTAL 450,123 455,961 27,086 5.9
BONDS
CORPORATES
25,000 AMERITECH CAP FUNDING CORP 99.12 24,781 105.19 26,298 1,575 6.0
6.300% Due 10-15-04
25,000 PENNSYLVANIA PWR & LT CO 98.22 24,556 104.64 26,160 1,625 6.2
6.500% Due 04-Ol-OS
25,000 PUBLIC SVC ELEC & GAS CO 100.00 25,000 102.45 25,613 1,562 6.1
6.250% Due 01-01-07
25,000 BANKERS TRNY CORP SUB MTN BE 99.57 24,892 105.07 26,268 1,675 6.4
6.700%Due 10-01-07
25,000 CSX TRANS INC EQUIP TR 93-A 101.42 25,356 104.46 26,114 1,620 6.2
6.480% Due 03-15-08
25,000 FIRST UNION CORP 99.09 24,773 100.58 25,146 1,500 6.0
6.000% Due 10-30-08
25,000 SALOMON SMITH BARNEY HLDGS 100.00 25,000 94.91 23,729 1,575 6.6
INC
6.300% Due 12-24-13 _
174,358 179,326 11,132 6.2
BONDS TOTAL 174,358 179,326 __11,132 6.2
FIXED INCOME TOTAL 624,480 635,287 38,219 6.0
COMMON STOCK
CAPITAL GOODS
AEROSPACE/DEFENSE
300 GENERAL DYNAMICS CORPORATION 96.53 28,958 97.09 29,127 87 0.3
CAPITAL GOODS TOTAL 28,958 29,127 87 0.3
COMMUNICATION SE RVICES
AEROSPACE/DEFENSE
125 L3 COMMUNICATIONS HLDGS. 124.01 15,501 127.78 15,972 0 0.0
COMMUNICATION SERVICES TOTAL 15,501 15,972 0 0.0
No Text
Northstar Capital Management, Inc.
PORTFOLIO DETAIL
VILLAGE OF TEQUESTA
PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
4806P3
April 30, 2002
Security Call Call Unit Total Market
Quantity Description Date Price Cost Cost Price Value
CONSUMER DISCRETIONARY
LEISURETIME -PRODUCTS
500 HARLEY-DAVIDSON INC 47.15 23,575 52.99 26,495
RETAIL -GENERAL MERCHANDISE
300 KOHLS CORP 68.80 20,641 73.70 22,110
500 WAL MART STORES INC 45.95 22,975 55.86 27,930
43,616 50,040
RETAIL -SPECIALTY
400 AUTOZONE, INC. 65.99 26,398 76.00 30,400
700 BED BATH AND BEYOND 27.53 19,271 37.17 26,019
400 HOME DEPOT INC 18.64 7,454 46.37 18,548
400 LOWE'S COMPANIES 36.98 14,793 42.29 16,916
67,916 91,883
SERVICES - COMMERCIALCONSUMER
500 H&R BLOCK 37.65 18,825 40.12 20,060
RESTAURANTS
700 DARDEN RESTAURANTS 41.47 29,030 39.90 27,930
CONSUMER DISCRETIONARY TOTAL 182,963 216,408
CONSUMER STAPLES
BEVERAGES
500 PEPSICOINC 43.16 21,580 51.90 25,950
HOUSEHOLD PRODUCTS -PERSONAL CARE
300 PROCTER & GAMBLE CO 89.72 26,917 90.26 27,078
RETAIL -DRUG STORES
700 WAI_GREEN CO 34.52 24,164 37.77 26,439
CONSUMER STAPLES TOTAL 72,661 79,467
FINANCIALS
BANKS & THRIFTS
500 FIFTH THIRD BANCORP
FINANCIAL - CONSUMER/DNERSIFIED
800 CITIGROUP INC
57.52 28,762 68.59 34,295
36.40 29,124 43.30 34,640
Annual Curr
Income Yield
60 0.2
0 0.0
140 0.5
140 0.3
0 0.0
0 0.0
80 0.4
32 0.2
112 0.1
320 1.6
28 0.1
660 0.3
290 1.1
456 1.7
98 0.4
844 1.1
460 1.3
512 1.5
No Text
Northstar Capital Management, Inc.
PORTFOLIO DETAIL
VILLAGE OF TEQUESTA
PUBLIC SAFETY OFFICERS' PENSION TRUST FUND
4806P3
April 30, 2002
Security Call Call Unit Total Market
Quantity Description Date Price Cost Cost Price Value
INSURANCE
400 MGIC INVESTMENT CORPORATION 69.17 27,668 71.36 28,544
FINANCIALS TOTAL 85,554 97,479
HEALTHCARE
HEALTHCARE-BIOTECHNOLOGY
400 AMGEN INC 65.66 26,265 52.88 21,152
HEALTHCARE-DRUGS
400 FOREST LABORATORIES 68.56 27,424 77.14 30,856
400 JOHNSON & JOHNSON 61.66 24,664 63.86 25,544
600 PFIZER INC 39.65 23,790 36.35 21,810
75,878 78,210
HEALTHCARE -MEDICAL PROD/SUPPLY
600 MEDTRONIC INC 26.09 15,655 44.69 26,814
HEALTHCARE-SERVICES
300 QUEST DIAGNOSTICS 81.09 24,326 91.89 27,567
HEALTHCARE TOTAL 142,124 153,743
INDUSTRIALS
ELECTRICAL EQUIPMENT
800 GENERAL ELEC CO 29.02 23,212 31.55 25,240
SERVICES - COMMERCIALCONSUMER
1,000 CONCORD EFS INC 14.01 14,012 32.59 32,590
SCHOOLS
1,050 APOLLO GROUP, INC. 28.14 29,549 38.34 40,257
INDUSTRIALS TOTAL 66,774 98,087
TECHNOLOGY
COMPUTERS - SOFTWARE/SERVICES
500 AFFILIATED COMPUTER SERVICES, 51.99 25,995 54.07 27,035
INC.
500 MICROSOFT CORP 72.91 36,454 52.26 26,130
62,449 53,165
ELECTRONICS
400 INTEL CORP 29.46 11,785 28.61 11,444
TECHNOLOGY TOTAL _ 74,234 _ 64,609
COMMON STOCK TOTAL 668,770 754,892
Annual Curr
Income Yield
_ 40 0.1
1,012 1.0
0 0.0
0 0.0
288 1.1
312 1.4
600 0.8
138 0.5
0 0.0
738 0.5
576 2.3
0 0.0
0 0.0
576 0.6
125 0.5
__ 0 0.0
125 0.2
32 0.3
157 0.2
4,074 0.5
No Text
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