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Home My WebLink AboutAgenda_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.