HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 07/14/1998 I
Firemen' s Relief & Pension Board
July 14, 1998
Boardmembers Present : Judy Woods, Mary Berg, Gene
Grenstad, Brenda Jacober,
Alternate Sam Grubbs
Others Present : Susan Narick
Woods called the meeting to order at 4 : 05 p.m.
Approval of Minutes. Berg moved to approve the minutes of
the meeting of June 9, 1998 . Grenstad seconded and the
motion carried.
Approval of Financial Transactions . Narick distributed
additional pages relating to the May financial trans-
actions . She noted that the Board had planned to discuss
the possible purchase of mutual funds this summer, and said
that she does not recommend buying at this time. She
explained that the portfolio looks fine, the cash flow is
good, and the yield on mutual funds is good.
After a brief discussion about the Year 2000 situation,
investments and cash, Berg moved to accept the May
financial transactions . Grenstad seconded and the motion
carried.
Board Position Election. Jacober noted that ballots for
the Board position have been received and that Sam Grubbs
was the unanimous choice . It was determined that elections
will be held by June of each year so that the new Board-
member will be in place by July 1st. Berg noted that Gene
Grenstad will be the alternate.
CPI Index. Jacober distributed copies provided by Brigitte
Hoopes showing CPI comparison calculations . Berg moved to
approve the calculations . Grenstad seconded and the motion
carried.
Adjournment. The meeting adjourned at 4 : 20 p .m.
1
Brenda JaQober CMC
City Clerk/Boardmember
i