2011-08-08 General Fund Meeting6
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'�F•���� F CITY OF OKEECHOBEE AND OKEECHOBEE UTILITY
y� '� AUTHORITY PENSION BOARD MEETING MINUTES
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� � �= ; AUGUST 8, 2011
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��;==�_ : � CITY HALL
""`" 55 SE THIRD AVENUE
OKEECHOBEE, FL 34974
CALL TO ORDER: 5:10 P.M. by Bill Douglas
TRUSTEE ATTENDANCE: Betty Clement, Trustee, Sec�etary Kevin Barbour, Trustee
Linda Tewksbury
OTHERS PRESENT:
Scott Christiansen, Attomey
Basil Coule, Financial Liaison
Janet McKinley
Tim Nash
Page 1
Tim Nash of the Bogdahn Group presented an overview for the quarter ending June stating it was very good; however today
there appeared to be a melt-down with the market down 636 points. S& P down 14% from the end of June through today.
There has been a 10% correction in the market. The portfolios of 12% have fallen to 4% from the end of June through today.
Scott Chris6ansen of Christiansen & Dehner, P.A. encouraged General to fill their vacancy and asked for the resolution nar�ing
the laison.
City GenerallOUA Pension board of Trustees Items:
Linda Tewksbury moved to approve the May 9, 2011 minutes; seconded by Trustee Barbour. Motion carried.
Motion was made by Trustee Barbour, to approve Financial Reports items 1-5 of the agenda; second by Linda Tewksbury.
Motion carried
There being no further business, the meeting was adjoumed at 6:09 p.m.
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Betty J. Clement, Secretary