2005-08-05 General Fund Meeting• CITY OF OKEECHOBEE AND OKEECHOBEE UTILITY AUTHORITY
PENSION BOARD MEETING
August 5, 2005
The meeting held at City hall was called to order by L. C. Fortner at 5:05 PM.
The following trustees were present: L. C. Fortner
Jamie Mullis
Katrina Cook
Jerry O'Bannon
Also present were: Scott Christiansen, Attorney
Ernie Mahler, Smith Barney
Mary Durkin, Trusco
Diane Garcia, Trusco
Mary reviewed the capital investment markets and the performance of each of the plans. Though
interest rates have gone up slightly, the market was up over the past quarter. Inveshnent
weighting will focus on growth stocks, shifting emphasis away from value stocks.
• Ernie Mahler stated the portfolio was on course for a good year. Comparison of Trusco with
comparative universe has been slightly lagging. Overall the funds are outperforming the
benchmarks.
Scott will prepare application forms for the Drop Program. No new legislation was passed
concerning pension plans during the last legislative session.
Upon motion by Katrina, second by Jamie, the board approved the renewal of Fiduciary
Insurance for the Trustees.
Upon motion by Katrina, second by Jerry, the financial information for the period April through
June 2005, the list of both terminated employees and new enrollees , as well as the minutes of
the May 9,2005 meeting were approved.
The meeting was adjourned at 5:45 PM.
Respectfully submitted,
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Jerry W. O'Bannon
Secretary
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