2010-08-09 General Fund MeetingMINUTES OF THE CITY OF OKEECHOBEE AND
OKEECHOBEE UTILITY AUTHORITY PENSION BOARD
MEETING MONDAY, AUGUST 9, 2010 5:00 P.M.
CITY HALL
55 SE THIRD AVENUE
OKEECHOBEE, FL 34974
CALL TO ORDER: 5:10 P.M. by Chairman Jamie Mullis
TRUSTEE ATTENDANCE: Jamie Mullis, Chairman
Kevin Barbour, Trustee
Betty Clement, Trustee
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OTHERS PRESENT: Scott Christiansen, Attomey
Basil Coule, Financial Liaison
Mr. Tim Nash with the Bogdahn Group was not present due to illness.
Mr. Scott Christiansen stated Trustee Clements term will be up the end of this year, and the next meeting will also be
time for election of officers.
Mr. Christiansen fielded many questions and read a letter request submitted by Robert Manson of OUA requesting to
have retirement monies turn over to him for independent agency management. Mr. Christiansen explained this was
not an option.
Mr. Christiansen reported the IRS in the past had an attitude of disinterest in govemmental pension plans, however it
is becoming apparent they now want to approve the plans. He expressed it would be unlikely they would be coming
to Okeechobee but wanted to make the Board aware of the information.
City General /OUA Pension board of Trustees Items:
Trustee Mullis moved to approve the May 10, 2010 minutes; seconded by Trustee Barbour. Motion carried
unanimously.
Upon motion by Trustee Mullis, and second by Trustee Clement, the Financial Reports items 1 -5 of the agenda, were
approved as presented.
Motion was made by Trustee Mullis to approve the revised summary plan action; seconded by Trustee Barbour.
Motion carried.
There being no further business, the meeting was adjoumed at 6:00 p.m.
Respectfully submitted
Betty J. Clement, Secretary