2003-04-08 General Fund Special MeetingCity of Okeechobee/Okeechobee Utility Authority Employee Pension Plan
Trustees Present:
Also Present:
Trustee Special Meeting
April 8, 2003
Minutes
Jamie Mullis
Carolyn Arnold
Johnny Mack Kinsaul
Jerry O'Bannon
Marita Rice, OUA
Scott Christiansen, Attorney
Ernie Mahler, Smith -Barney
Theora Braccialarghe, Actuary
The meeting was held at_the Okeechobee City Police Department at 5:15 P. M.
Theora Braccialarghe from Gabriel, Roeder, Smith & Company reviewed the
actuarial valuation for each of the Boards as of October 1, 2002. She answered
questions posed by various attendees.
Ernie Mahler reviewed the performance Of Invesco NAM_ relative to 13 other
investment managers. Based upon more complete data, Invesco performed
relatively well compared to its peer group. It was decided that no immediate action
be taken to replace Invesco, but several alternative investors will be evaluated
further at the next regularly scheduled Trustee meeting, If it is deemed that the
performance of Invesco is not satisfactory, an alternative manager can be selected.
The Special Meeting was adjourned at 7:00 P. M.
Respectfully Submitted,
Jerry W. O'Bapnon
Secretary
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