2000-08-09 General Fund MeetingCITY OF OKEECHOBEE/OKEECHOBEE UTILITY AUTHORITY
GENERAL EMPLOYEE PENSION PLAN
Trustee Meeting
Aug 9, 2000
Minutes
General Employees Trustees Present: L.C. Fortner Jr., Jerry O'Bannon, Roger Jones,
Doug Wyatt,
Others Present: Scott Christiansen
John Flagel
Tom Horkan
Ernie Mahler
Jim Paul
Trustees of Police Plan
Trustees of Fireman Plan
Meeting called to order at 7:10 p.m.
Tom Horkan from Invesco, explained Value was ahead of Growth in the last quarter. The growth
recovered in June.
John Flagel of Invesco shared the reviews on the returns for the quarter.
Update from Tom on the plan in the amount of $3,781,000.
Ernie Mahler from Salomon Smith Barney explained the change of value -oriented to core or
growth position. Evaluation equals 2% increase.
Jeff Christiansen described what the law requires in short and long-term investments.
Motion by Roger Jones, seconded by Jerry O'Bannon to approve the May 101', 2000 minutes.
Motion carried.
Motion by Jerry O'Bannon, seconded by Doug Wyatt to approve expenses and new members.
Motion carried.
Motion by Roger Jones, seconded by Jerry O'Bannon to authorize a Summary Plan Discription.
Motion carried.
With no other business to discuss, the meeting was adjourned at 8:09pm.
Respectfully submitted,
Doug Wyatt, Secretary