HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 10/02/2012 0
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„ T Firemen's Relief & Pension Board
October 2, 2012
Board Members Present; Suzette Cooke, Les Thomas, Sam Grubbs, Al Bond,
Brenda Jacober
Others Present; Gene Grenstad, Paul Barry
The Mayor called the meeting to order at 3:30 p.m., and introductions were
made.
Minutes of July 5, 2011. Bond moved to approve the minutes of July 3, 2012,
as presented. Grubbs seconded and the motion carried.
Financial Transactions for June. July and August 2012. Barry did a comparison
of the August 2012 to the August 2011 revenues and expenditures, noting that
revenues decreased by $40,000 due to the decrease in the fair market value, and that
expenditures Increased to $14,000 due to the cost of the actuarial study. Grubbs
moved to accept the June, July and August 2012 financial transactions. Bond
seconded and the motion carried.
Investment Policy Ordinance Update. Thomas explained that a change removing
two Council members from the Investment Committee had been proposed, which
would have resulted In not having any Council members on the committee. He said
that has since been changed so that there will be one Council member on the
committee. Barry noted that she is getting the cash flows up to date, and that
implementation will take place soon. She also clarified that all city policies are
affected.
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Other Business. There was no further business to be conducted.
Adjournment. The meeting adjourned'at 3:40 p.m.
Brenda Jacober, CIVIC
Boardmember/City Clerk
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