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Home My WebLink AboutDocumentation_Pension General_Tab 7.6 _05/04/2015Resource Centers 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 FOR: VILLAGE OF TEQUESTA GENERAL EMPLOYEES' PENSION FUND Marcum Accountants - Advisors $2,500.00 Services rendered with respect to Salem Trust's SSAE 16 for the period June 1, 2013 to June 30, 2014 Pension Resource Center Administrative Fee - April 2015 $817.51 Law Offices of Bonnie Jensen, P. A. $1,091.49 Legal services rendered through 4/15/2015 Dana Investment Advisors $3,934.54 Investment Management Fee - 1st Quarter 2015 - 1087ma TOTAL TO BE APPROVED $8,343.54 Chair Secretary Date March 1 �. 20 15 JoAnn For�wihc, f"inanc-c Director Village of l cclncsl;r 345 'leclucsm Drive Aquesim 11. 33469 ile: A IdIvn(Inm In Our Enw,cmem Leer hated April 12, 2012 for Re ircmcut System Services re. Salem Trust As a result of the adverse opinion received It, US. RILICiary Services, Inc. (of which Salem "frust Company is a suhsiclinry) from their service audilor with respect to their SSA1. 10SOC' 1- "hype 2 Service AMWs Wpm for the period from We 1. 2013 to .lune 31 200, we are not able to rely on the cumpleicncss and accuracY of Ihcir custodial statements as of and Q the Fiscal year ended Seplemher 30. 2014 which we ohlaincd through the confirmation process. As the independent andilor of the Public Salcly Mccrs' Pension 'i rust Ilmd and the General Employees' PCnSlon TrHS1 bund. we have to perform addilional proccdures that were. not aniicipalecl in order to support in unmodified opinion. \Vc estiniale these Ices will he $15M) for each Plan lotalin`l 9;5.000. ']'his will also provide some additional comlirrt to you fnr the completeness and accuracy of the Salem Trust Company cmtmhal slatcmcnls as of Scptemhcr 3O. 2014. All other lcrms and conditions of our engaemcnl letter remain in eflccl. Please Sign below to acknowledge your agreemcnl liar these additional fees. Sinccrely- Michael I). Fiflicrnuul. (TA Part n SiJ'nau irj j RAJ IN Lt' 1e L)a c "Epp! . Marctrril LLP ` 5; , 1-)1YT hr,l+rr Rnnlrv; ruf - Snilc iY1 - Wr7 Falm Ra;wW Florida 341111 ^ Phone 5111 .73MI - fax 5WIMIMM - MarCUn1111 Sm" MResource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Tequesta General Employees' Pension Fund Invoice Date Invoice # 4/1/2015 13827 Tax ID Financial Resource Center 87-0800465 Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Tequesta General Employees' Pension Monthly Administrator Fee 800.00 800.00 for April 2015 FED -EX Overnight Shipping 17.51 17.51 Total Amount Due $817.51 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above or ACH Payment to: CenterState Bank Pension Resource Center ABA #: 063114030 Account #: 8063659206 If you have any questions concerning this invoice, please contact Bonnie Lindberg at Resource Centers, LLC Phone 561.459.2959 or email - bonnie@ResourceCenters.com LAW OFFICES OF BONNI JENSEN, P.A. April 23, 2015 Via Email Village of Tequesta General Employees' Pension Trust Fund Dixie Martinez, Administrator Resource Centers, LLC 4360 Northlake Boulevard, Suite 206 Palm Beach Gardens, FL 33410 Re: Legal Services Provided Invoice #73104 Dear Dixie: Enclosed please find the Firm's invoice for services rendered for the period that ended 4/15/2015. Thank you for your payment of $2,585.22. Your current balance due is $1,091.49. If you have any questions, please do not hesitate to contact me. Sincerely yours, Bonni S. Jensen Signed in Ms. Jensen's absence to expedite delivery BSJ/Ig Enclosure Copy to: Michael Rhodes, Chairman Kerry Dutton Via Email Only 400 EXECUTIVE CENTER DRIVE, SUITE 207 ♦ WEST PALM BEACH, FLORIDA 33401-2922 PHONE: (561) 686-6550 ♦ FAX: (561) 686-2802 LAW OFFICES OF BONNI JENSEN, P.A. 400 Executive Center Drive Suite 207 West Palm Beach, FL 33401-2922 bsjteam@robertdklausner.com & bonni@robeFtdklausner.com Invoice submitted to: Tequesta General Employees' Pension Trust Fund Dixie Martinez, Administrator - Via Email Resource Centers, LLC 4360 Northlake Boulevard, Suite 206 Palm Beach Gardens, FL 33410 Copy to: Chairman & Kerry April 22, 2015 In Reference To: For professional services rendered as follows: Client / File No.: 1012 Invoice #73104 Professional Services from Primary Client Attendance at Trustee Meetings Attendance at Trustee Meetings 3/30/2015 LG Review Post Special Meeting Folder Attendance at Trustee Meetings SUBTOTAL: For professional services rendered You are responsible for 50.00% of time charges: For professional services rendered Your responsibility of the split charges Hrs/Rate Amount 0.20 15.00 75.00/hr [ 0.20 15.00] 0.20 $15.00 0.10 $7.50 0.20 $15.00 0.10 $7.50 Tequesta General Employees' Pension Trust Fund Page 2 Professional Services Hrs/Rate Amount Attendance at Trustee Meetings Attendance at Trustee Meetings 3/30/2015 BSJ Attend Meeting 1.80 405.00 Attendance at Trustee Meetings 225.00/hr SUBTOTAL: [ 1.80 405.00j Custodian - Salem Trust Custodian - Salem Trust 3/30/2015 BSJ Review Request For Proposal Responses 0.40 Custodian - Salem Trust 225.00/hr 90.00 SUBTOTAL: [ 0.40 90.00] Inv Mqr - ASB Allegiance Inv Mgr - ASB Allegiance 3/26/2015 LG Prepare a 2015 Form W-9 for Signature at the Next Meeting 0.10 Inv Mgr - ASB Allegiance 75.00/hr 7.50 Inv Mgr - ASB Allegiance 3/30/2015 PH E-mail to Hsuan Wang, Allison Ferko, Administrator re: W-9 Form & 0.20 15.00 Account Information Form 75.00/hr Inv Mgr - ASB Allegiance Inv Mgr - ASB Allegiance 3/31/2015 BSJ Correspondence with Hsuan Wang re: W-9 Form & Account Information 0.50 112.50 Form 225.00/hr Inv Mgr - ASB Allegiance Inv Mgr - ASB Allegiance PH E-mail to Hsuan Wang, Administrator, Tyler Grumbles, Allison Ferko, 0.30 22.50 Chairman & Secretary re: W-9 Form & Account Information Form 75.00/hr Ship via UPS to Hsuan Wang Inv Mgr - ASB Allegiance Tequesta General Employees' Pension Trust Fund Page 3 Hrs/Rate Amount Inv Mgr - ASB Allegiance 4/6/2015 PH E-mail to Kerry Dutton, Dixie Martinez, Michael Rhodes, & Carl Hansen 0.30 22.50 re: Investment Manager Agreement & Side Letter 75,00/hr Ship via UPS to Kerry Dutton Inv Mgr - ASB Allegiance Inv Mgr - ASB Allegiance BSJ Correspondence with Kerry Dutton re: Investment Manager Agreement & 0.50 Side Letter 225.00/hr 112.50 Inv Mgr - ASB Allegiance SUBTOTAL: [ 292.50) 1.90 Meeting Notices and Agendas Meeting Notices and Agendas 3/27/2015 PH Prepare Attorney Report, Handouts, and Notebook for upcoming Joint 0.30 22.50 Special Meeting - 3/30/15 75.00/hr Meeting Notices and Agendas Meeting Notices and Agendas 3/30/2015 PH Download Request For Proposal Material for Meeting 0.40 30.00 Meeting Notices and Agendas 75.00/hr SUBTOTAL: [ 0.70 52.501 Monitor/Consultant - BOGDAHN Monitor/Consultant - BOGDAHN 3/16/2015 BSJ Correspondence with Kerry Dutton re: Original Addendum to be Signed 0.50 112.50 by Board 225.00/hr Monitor/Consultant - BOGDAHN Monitor/Consultant - BOGDAHN PH E-mail to Kerry Dutton, Dixie Martinez, Richard Spurgeon, Chairman & 0.30 22.50 Secretary re: Original Addendum to be Signed by Board 75.00/hr Ship via UPS to Kerry Dutton Monitor/Consultant - BOGDAHN Tequesta General Employees' Pension Trust Fund Page 4 Hrs/Rate Amount Monitor/Consultant - BOGDAHN 3/25/2015 PH E-mail to Kerry Dutton re: Status of Addendum Sent for Signature 0.10 7.50 Monitor/Consultant - BOGDAHN 75.00/hr SUBTOTAL: [ 0.90 142.50] Summary Plan Description Summary Plan Description 3/16/2015 BSJ Review Summary Plan Description Exhibit & Email from Trisha Amrose 0.10 22.50 Summary Plan Description 225.00/hr Summary Plan Description 3/27/2015 LG Finalize Summary Plan Description approved at the February Meeting 0.50 37.50 E-mail to Administrator for Distribution 75.00/hr Summary Plan Description SUBTOTAL: [ 0.60 60.00] For professional services rendered 6.30 $1,042.50 Additional Charges Bill File 4/15/2015 Copy Charges 7.20 SUBTOTAL: [ 7,201 Inv Mgr - ASB Allegiance 3/31/2015 United Parcel Service Invoice No.: 000OF49280145 20.25 Tracking #1ZF492801396632119 to Hsuan Wang re: Original W-9 Form United Parcel Service Invoice No.: 000OF49280145 3.54 Tracking #1ZF492801396632119 Pickup Request No.: 2953308RN9C Re: Original W-9 Form 4/6/2015 United Parcel Service Invoice No.: 000OF49280155 3.48 Tracking #1 ZF492800393607000 to Kerry Dutton re: Original Investment Manager Agreement & Side Letter Tequesta General Employees' Pension Trust Fund Page 5 Amount SUBTOTAL: [ 27.27] Monitor/Consultant - BOGDAHN 3/16/2015 United Parcel Service Invoice No.: 000OF49280125 Tracking #1ZF492800398339854 3.48 to Kerry Dutton re: Original Bogdahn Addendum & 2004 Agreement United Parcel Service Invoice No.: 000OF49280125 3.54 Tracking #1 ZF492800398339854 Pickup Request No.: 2952H4HRFB1 Re: Original Bogdahn Addendum & 2004 Agreement SUBTOTAL: [ 7.02] Total additional charges $41.49 For professional services rendered 6.30 $1,083.99 Total amount of this bill $1,091.49 Previous balance $2,585.22 Accounts receivable transactions 4/9/2015 Payment - Thank Youl. Check No. 00001187 ($2,585.22) Total payments and adjustments ($2,585.22) Balance due $1,091.49 �r DANAInvestment THE'VVIS . C;HOICF Dixie Martinez The Resource Centers, LLC 4360 Northlake Blvd Suite 206_.__—_ ----- Palm Beach Gardens, FL 33410 United States STATEMENT OF MANAGEMENT FEES Account: 1087ma Tequesta General Employees Pension Fund Custodian Account #: 3040050253 Billing Period: FROM 01/01/2015 TO 03/31/2015 Account #: 1087ma - Tequesta General Employees Pension Fund Combined (Blend) Portfolio Value ............................................ . For the Accounts: Tequesta General Employees Pension Fund (1087ma) Tequesta General Employees Pension Fund - LC (1087mc) FEE CALCULATION April 13, 2015 Invoice No 40453 $2,847,165 Amount Based % of Rate Amount Due Rate Applied: For Assets Under Management on Rate Applied Period (incl. adiustm.) Equities 0.7500% On the first: 1,724,045 12,930.34 Fixed Income + Cash and Equiv 0.2500% On the remainder: 1,123,120 2,807.80 Total Fee: 15,738.14 25,00% Amount Due, PAYABLE UPON RECEIPT: ...................................... Please feel free to contact us if you have any questions or would like further information: (262) 782-3631 Dana Investment Advisors, Inc. Attn: Jennifer P.O. Box 1067 Brookfield, WI 53008-1067 cc: Rachel Valdez - Rachel@ResourceCenters.com Phyllis Thrasher - Phyllis@ResourceCenters.com 3,232.59 $3,934.54