2001-02-21 General Fund Meeting• CITY OF OKEECHOBEE/OKEECHOBEE UTILITY AUTHORITY
GENERAL EMPLOYEE PENSION PLAN
Trustee Meeting
February 21 st, 2001
Minutes
Meeting called to order at 7:OOpm
General Employees Trustees Present: L.C. Fortner Jr., Jerry O'Bannon, Doug Wyatt.
Others Present: Scott Christiansen
John Flagel
Ernie Mahler
Tlieora Bracialarge
Jim Paul
Trustees of Police Plan
Trustees of Fireman Plan
Theora explains calculations on Accru�l Evaluation.
Motion by Jerry 0'Bannon, seconded by Doug Wyatt to accept the evaluation as explained.
Motion carried.
Motion by Jerry 0'Bannon, seconded by Doug Wyatt to approve the 7.7�% investment return.
Motion carried.
• John Fllgel of Invesco discussed the quarter reports witli the trustees.
Ernie Mahler gives direction advice to �Il pension plan Members, to allow Investco to
continue as Manager for an additional Quarter before making a decision for a new
Investment Manager.
Motion by Jerry 0'Bannon, seconded by Doug Wyatt, to accept summary description plan on
investment of funds. Motion carried.
Motion by Doug Wyatt seconded by Jerry O'Ba�mon, to approve minutes, and eYpenses. Motion
carried.
With no other business to discuss tl�e board members left the meeting at 9:10 PM
Respectfiilly submitted,
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Doug Wyatt, Sec� retary
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