2001-05-09 General Fund MeetingU
CITY OF OKEECAOBCE/OKCECHOBEE UTILITY AUT�IORITY
GrNCRAL EMPLOYEE PENSION PLAN
Trtistee Meeting
May 9, 2001
Minutes
General Emptoyees Trustees Present: L.C. Fortner Jr., Terisa 5uarez, Jerry O'I3annon,
and Doug Wyatt.
Otl�ers Yresent: Scott Christiansen
3ohn Flagel
Scott
Cruie Mat►ler
Jim Paul
Trustees of Yolice Plan
Trustees of �ireman Plan
Meeting catled to order at 7:15 p.m.
Marita Rice introduced as the new accountant for O.U.A.
John Flagel of Invesco shared the reviews on the returns for the last quarter. Names (national
asset management) as the new equity Manager.
Ernie Mnhler explains the new manager's performance, and suggested allowing Invesco an
• opportut�ity to work with the new manager to see how they perform isi the next c�uarter.
Scott Cliristiansen discusses custody chaiige from Wachovia to State St. will also investigate the
situation to clarify custodian fees. Scott mentioned the financial interest forms from the
Supervisor of elections. (July 1 S` deadline!)
Scott Christiansen suggests the Method of operation rules and procedures to be revised, and or
the forms package.
Motion by Jerry O'Bannon, seconded by Doug Wyatt, to approve the Feb 14'�' 2001 Minutes.
Motion carried.
Motion by Jerry O'Bannon, seconded by Doug Wyatt to approve General employees to sign new
signature cards. Motion carried.
Motion 6y Jerry O'Bannon, seconded by Terisa Suarez to accept expenses and new members.
Motion carried.
With no other business to discuss, the meeting was adjourned at 8:30 pm.
Res ectfully submitted,
B G�,�'
oug W�, Secr ry
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• • s