1991.06.25_BTRB_Minutes_Regular0
Town of Highland Beach
3614 SOUTH OCEAN BOULEVARD • HIGHLAND BEACH, FLORIDA 33487
Palm Beach County, Florida
June 19, 1991
TRUSTEES OF THE RETIREMENT BOAFD
OF THE TOWN OF HIGHLAND BEACH
407-278-4548
FAX 407-265-3582
Mayor:
Joseph A.Boulay
Vice Mayor:
Bill Paul
Commissioners:
Arthur G. Eypel
Arlin G. Voress
John F. Rand
Town Manager:
Mary Ann Mariano
A Regular Meeting of the Board of Trustees of the Retirement Board
of the Town of Highland Beach has been called for Tuesday,
June 25, 1991 at 1:15 P.M. in the Commission Chambers at Town
Hall.
A G E N D A
1. MINUTES - FEBRUARY 26, 1991
2. REVIEW ICMA QUARTERLY STATEMENT
3. SCHEDULE NEXT MEETING
NE M. KOWALS
OWN CLERK
cc: Mayor Boulay, Chairman
Vice Mayor Paul
Ethel Lenhardt
Town Manager Mariano
Finance Department
Officer Gure
Commissioner Eypel
Posted: 06/19/91
. AMK
"Tree City U. S.A."
TOWN OF HIGHLAND BEACH, FLORIDA
RETIREMENT BOARD
REGULAR MEETING
Tuesday, June 25, 1991 1:15 P.M.
Chairman/Mayor Joseph A. Boulay called the Regular Meeting of the
Board of Trustees of the Retirement Board, Town of Highland Beach,
Florida, to order at 1:15 P.M. in the Commission Chambers at Town
Hall. Others present were Vice Mayor Bill Paul, Commissioner
Arthur Eypel, Police Officer Stephen V. Gure, and Employee
Representative Ethel Lenhardt.
Also in attendance were Finance Director Michael Seaman, Town
Clerk Anne M. Kowals and members of the general public.
The Agenda was accepted as submitted.
Minutes of the February 26, 1991 Regular Meeting of the Board of
Trustees of the Retirement Board were approved as written upon
MOTION by ETHEL LENHARDT/VICE MAYOR PAUL. Same carried without
objection.
Members reviewed the ICMA Quarterly Statement ending March 31,
• 1991, a copy of which is attached to and made a part of these
Minutes. The Finance Director advised the account maintenance
fees, charged on January 1, are as follows: 457 Deferred Account
Fee is $18.00, the 401 Retirement Account Fee is $25.00.
Finance Director Seaman reported the annualized performance rates
for the Guaranteed Plus Fund for May was 8.17% (457 Account) and
8.16% (401 Account).
The following performance rates were presented by Mr Seaman:
May Yr. to date thru May
Growth Stock 4.20% 25.6%
Index Fund 4.05% 19.5%
Asset Allocation Fund 2.81% 14.9%
Balanced Fund .36% 3.7%
Cash Management Fund .70% 3.1%
When Officer Gure noted that the Police Department Employees, for
the last sip months; have not received their individual state-
ments, Finance Director Seaman advised he will check into the
matter and rectify the situation. All Employees should be receiv-
ing their individual statements on a quarterly basis.
The next Retirement Board Meeting has been scheduled for Tuesday,
October 29, 1991 at 1:15 P.M.
40
•
0
Board of Trustees of the Retirement Board
June 25, 1991 Regular Meeting Minutes
Page 2 of 2
Upon NOTION by COHNIggIONER EYPEL/OFFICER GURE, Mayor Boulay
adjourned the Regular Meeting of the Retirement Board at 1:25
P.M.
APPROVED:
ATTEST
6�,2� )h, kOU�
DATE:
amk
sep1�A. Boulay, Chairman%Mayor
Bill Paul, Vice Mayor
- i( 94-4-� ) n
Arty Eyper, Co Issioner
en V. Gure,lPolice Officer
el"Lenhardt, Employee Rep.
ICMA RETIREMENT CORPORATION
401 QUALIFIED PENSION PLAN
STATEMENT FOR THE QUARTER
ENDING MARCH 31, 1991
THE ASSETS REFLECTED IN THIS ACCOUNT
ARE HELD IN THE ICMA RETIREMENT TRUST
TOTALS FOR
ACCOUNT NUMBER: 8777
EMPLOYER: TOWN
OF HIGHLAND
BEACH RETIREM
SUMMARY OF ACTIVITY FOR 1ST QUARTER
ASSET
CASH
ALLOCATION
BOND
MANAGEMENT
TOTAL
FUND
FUND
FUND
(S)
(S)
(S)
(S)
ICMA
RETIREMENT
CORPORATION
Suds 600 =1962.46M
777 NaM CWd Sven, NE Too Fra (6001669-7400
Wnhmgt n, DC 20002-4240
TOWN OF HIGHLAND BEACH RETIREM
3614 SOUTH OCEAN BLVD
HIGHLAND BEACH FL 33487
GROWTH GUARANTEED
STOCK GUARANTEED PLUS
FUND FUND FUND
($) (S) ($)
BALANCE ON
01/01/91
219,034.88
230.61
372.67
87.15
6,171.72
212,172.73
0.00
EMPLOYER
151,604.39
0.00
0.00
0.00
0.00
151,604.39
0.00
EMPLOYEE
67,430.49
230.61
372.67
87.15
6,171.72
60,569.34
0.00
CONTRIBUTIONS
12,108.16
41.26
53.16
59.88
732.43
0.00
11,221.43
EMPLOYER
8,648.74
0.00
0.00
0.00
127.70
0.00
8,521.04
EMPLOYEE
3,459.42
41.26
53.16
59.88
604.73
0.00
2,700.39
GIC REINVEST
0.00
0.00
0.00
0.00
0.00
11059.85-
1,059.85
ADJUSTMENTS
24.24 %
0.00
0.00
0.00
5.64
114.73
96.13-
DISBURSEMENTS
93.74-
0.00
0.00
0.00
93.74-
0.00
0.00
EMPLOYEE
93.74-
0.00
0.00
0.00
93.74-
0.00
0.00
• EARNINGS
5,840.34 /
27.88
8.67
2.03
1,534.56
4,140.73
126.47
MAINT FEE
975.00-*/
3.49-
3.59-
3.56-
45.63-
918.73-
0.00
BALANCE ON
03/31/91
235,938.88v/�
296.26
430.91
145.50
8,304.98
214,449.61
12,311.62
EMPLOYER
149,397.33
0.00
0.00
0.00
128.24
139,915.87
9,353.22
EMPLOYEE
73.324.50
296.26
430.91
145.50
8,176.74
61,316.69
2,959.40
ROLLOVER/
13,217.05
0.00
0.00
0.00
0.00
13,217.05
0.00
PORTABLE
**� PLEASE NOTIFY RC WITHIN 90 DAYS OF ANY QUESTIONS REGARDING YOUR ACCOUNT aas
*** SEE RC HIGHLIGHTS FOR IMPORTANT NEWS ON MATURING FUNDS m
•
.TONN OF HIGHLAND BEACH RETIREN
8777
GUARANTEED FUND AS OF MARCH 31, 1991
BALANCE ANNUAL BALANCE ANNUAL BALANCE ANNUAL BALANCE ANNUAL
($) RETURN (S) RETURN ($) RETURN ($) RETURN
90,853.94
AT
8.35%
3,148.24
AT
7.45% 5,250.75 AT 7.20% 9,559.59 AT 9.11%
9,759.82
AT
8.20%
3,088.82
AT
8.05% 6,052.57 AT 8.70% 22,438.96 AT 8.60%
8,641.97
AT
8.00%
10,675.00
AT
7.65% 10,807.46 AT 7.61% 11,830.03 AT 8.15%
10,254.79
AT
8.25%
12.087.67
AT
8.15%
•
•
457 DEFERRED COMPENSATION PLAN
STATEMENT FOR THE QUARTER
` ENDING 3/31/91
1^.11A
i=REMENT
dfPOPLATION
.COUNT NUMBER: 1959
AX ID # 590951822
Corporate Headquarters
777 North Capitol Street, NE
Washington, DC 20002-4240
(202) 962-4600 Toll Free (800) 669-74,
RECEIVED MAY - 3 01
TOWN OF HIGHLAND BEACH
3614 SOUTH OCEAN BLVD
HIGHLAND BEACH, FL 33487
_.ummary of Activity for 1st Quarter (in: $) for 457 Deferred Compensation Plan
aiance on 01 /01 /91 17 9 , 0 2 7 . 3 2" /
Contributions 10, 710.15V JCMA Retirement Corporation:is.:Plea
Acct Maint Fee 217 . 4 6� ;mpWed statement form. The race
Fund Transfers r.
ummary Detail for 1st Quarter (in $)
• GROWTH STOCK
FUND
3d to ;present its.. new ar
ACCT.#1959 TAX ID#: 590951822
ASSET ALLOCATION GUARANTEED PLUS GUARANTEED
FUND FUND FUND
aiance on 01/01/91 11, 485. 28 <I 7, 663. 13 I I 159, 878. 9_
C
ont, butions.
4 0 8. 8 4
Acct Maint ;.Fee '><
2 9 . 2 7 —
Fund Transfers
Adjustments
Disbursements ! ,
Earnings 01 /31
993.98
02/2$
1,106.23
03/31
731.88
glance on 03/314
14,696.94
Note :on
Perform
Z)r the .quern
rrnance!.af '8
'ease :see
rmance Sui
nclosed f
:atemer3ti ......
510.15
28.56—
264.53
456.60
183.05
9,048.90
9,791.16
860.62
3.68-
7.77
29.81
64.85
10,750.53
159.6
859.1:-
597.8C
1,095.3E
989.0-
1,100.8=
161,447.5i
H you find discrepancies in your account, please call our toll -free number, (800) 669-7400, within 90 days. 0026574
To change your personal information, fill out the form on the back of this statement. Rev.
lease verify the personal account information printed on the front of this statement. If any information is incorrect or has changed, please
•vpe or print the correct information below. Be sure to sign and date the form. Tear at the perforation and mail to: The 1CMA Retirement
corporation, Dept J., 777 North Capitol Street, NE, Suite 600, Washington, D. C., 20002-4240
,ast Name First Name Middle
address
1ity
State _ Zip
Date of Birth: Month Dav Year
_:;-,nature:
'anteed Fund as of 03/31/91 *
Apartment or Unit Number
Social Security Number
Date:
1959
BALANCE
ANNUAL
BALANCE
ANNUAL
BALANCE
ANNUAL
BALANCE
ANNUAL
($)
RETURN
($)
RETURN
($)
RETURN
($)
RETURN
3,305.78
11.75%
3,688.11
11.50%
8,146.25
10.50%
6,790.49
10.00`_-
1,771.41
7.25%
1,847.35
7.35%
1,112.07
7.28%
3,798.39
7.30`-
2,654.27
6.80%
3,774.28
7.80%
7,596.68
8.10%
9,782.77
8.10°
�,598.68
7.20%
5,302.29
8.11%
5,719.06
8.20%
1,633.67
8.05=-
3,876.62
8.70%
8,365.00
8.60%
5,397.96
8.00%
8,413.86
7.65:
3,773.14
7.61%
9,232.61
8.15%
6,741.52
8.25%
28,125.32
8.15
- Guaranteed Fund is closed to new contributions.
Of Activity for 1st Quarter
statutes or Employer regulations may limit investments into several of RC's Corporate Headquarters V
.ie funds. For more information, please check with your employer. 777 North Capitol Street, NE
Washington, DC 20002-4240 "A
sets reflected in this account are held in the 1CMA Retirement Trust (202) 962-4600 Toll -Free (800) 669-7400 ,',R,;,,