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1992.06.30_BTRB_Minutes_RegularG H '1% `A"Ikk.,, Town of Highland Beach Boula Joseph P a A. ., y Vice Mayor: Bill Paul n ~•' '_,� i 3614 SOUTH OCEAN BOULEVARD • HIGHLAND BEACH. FLORIDA 33487 Commissioners: Arthur G. Eypel (l� •. Arlin G. Voress �141 FL 0 R i John F. Rand \\' Palm Beach County, Florida 407-278-4548 FAX 407-265-3582 Town Manager: Mary Ann Mariano E is JUNE 22, 1992 TRUSTEES OF THE RETIREMENT BOARD OF THE TOWN OF HIGHLAND BEACH A Regular Meeting of the Board of Trustees of the Retirement Board of the Town of Highland Beach has been called for Tuesday, June 30, 1992 at 1:15 P.M. in the Commission Chambers at Town Hall. A G E N D A 1. MINUTES - FEBRUARY 25, 1992 2. REVIEW ICMA QUARTERLY STATEMENT 3. SCHEDULE NEXT MEETING cc: Mayor Boulay, Chairman Vice Mayor Paul Ethel Lenhardt Town Manager Mariano Finance Department Officer Gure Commissioner Eypel Posted: 06/22/92 AMK "Tree City U.S.A." TOWN OF HIGHLAND BEACH, FLORIDA • RETIREMENT BOARD REGULAR MEETING Tuesday, June 30, 1992 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 Gure, and Employee Repre- sentative Ethel Lenhardt. Also present were Finance Director Michael Seaman, Town Manager Mary Ann Mariano, Town Clerk Anne M. Kowals, and members of the general public. The Agenda was accepted as submitted. Minutes of the February 25, 1992 Regular Meeting of the Board of Trustees of the Retirement Board were approved upon MOTION by EMPLOYEE REPRESENTATIVE ETHEL LENHARDT/VICE MAYOR BILL PAUL. Same carried unanimously. At this time, Finance Director Michael Seaman, explaining the ICMA • Quarterly Statement ending 3/31/92, noted the Town has an invest- ment of approximately $307,000. in the 401 (k) plan and approxi- mately $254,000. invested in the 457 deferred plan. The Finance Director advised that the updated interest rates for year to date through May, 1992, are as follows: Growth Stock Fund declined . . . . . . . 10.7% Index Fund earned . . . . . . . . . . . .43% Asset Allocation declined. . . . . . . . .69% Bond Fund earned . . . . . . . . . . . . 41 % Cash Management Fund earned. . . . . . . 1.49% Members were further advised by the Finance Director that for the period of July 1 through December 31, 1992, the minimum rate for the Guaranteed Plus Fund will be 7%. It was noted that, as of June 1, 1992, a new fund, the U. S. Treasury Securities Fund which invests in treasury notes/bills/bonds, has been offered by ICMA; the Finance Director will keep track of the interest rate relating to said fund. A brief discussion regarding the decline of the Growth Stock Fund revealed that fund earned an interest of 50% last year. 40 Board of Trustees of the Retirement Board . June 30, 1992 Page 2 of 2 The next regular meeting of the Trustees of the Retirement Board is scheduled for Tuesday, October 27, 1992 at 1:15 p.m. Upon proper MOTION and SECOND, Chairman/Mayor Boulay adjourned the Meeting of the Trustees of the Retirement Board at 1:25 p.m. APPROVED Jos h A. Boulay, Chair/Mayor i��1 Paul, Vise MaygX el, /Con44iJs�b*oner tephen V. Gure, PAlice Officer t, Employee Rep. 40 0 ME ICMA RETIREMENT CORPORATION ICMA RETIREMENT CORPORATION . 401 QUALIFIED PENSION PLAN Suite600 (202)962.4600 STATEMENT FOR THE QUARTER M North Capitol Street, NE Toll Free (800) 669.7400 ENDING MARCH 31, 1992 Washiq , DC 200024240 THE ASSETS REFLECTED IN THIS ACCOUNT ARE HELD IN THE ICMA RETIREMENT TRUST TOTALS FOR TOWN OF HIGHLAND. BEACH RETIREM ACCOUNT NUMBER: 8777 3614 SOUTH OCEAN BLVD EMPLOYER: TOWN OF HIGHLAND BEACH RETIREN HIGHLAND BEACH FL 33487 SUMMARY OF ACTIVITY FOR 1ST QUARTER ASSET CASH GROWTH GUARANTEED ALLOCATION BOND MANAGEMENT STOCK GUARANTEED INDEX PLUS TOTAL FUND FUND FUND FUND FUND FUND FUND ca> cs� cs� cs> cs� cs� cap cs� BALANCE ON 01/01/92 288,075.24 507.03 679.76 369.47 14,096.51 209,099.54 0.00 63,322.93 EMPLOYER 184,936.59 0.00 0.00 0.00 1,668.75 135,296.33 0.00 47,971.51 EMPLOYEE 89,073.97 507.03 679.76 369.47 12,427.76 59,738.53 0.00 15,351.42 ROLLOVER/ 14,064.68 0.00 0.00 0.00 0.00 14,064.68 0.00 0.00 PORTABLE CONTRIBUTIONS 15,913.27 59.64 67.52 75.07 1,898.75 0.00 47.54 13,764.75 EMPLOYER 11,366.62 0.00 0.00 0.00 779.77 0.00 47.54 10,539.31 EMPLOYEE 4,546.65 59.64 67.52 75.07 1,118.98 0.00 0.00 3,225.44 TRANSFERS 0.00 0.00 . 0.00 0.00 2,102.31 2,102.31- 0.00 0.00 GIC REINVEST 0.00 0.00 0.00 0.00 0.00 1,172.56- 0.00 1,172.56 EARNINGS 3,925.37NO" 15.59- 11.03- 0.73 1,507.94- 4,116.96 0.09 1,342.15 MAINT FEE 850.00-✓ 3.71- 3.77- 3.48- 51.11- 503.75- 0.00 284.18- BALANCE ON 03/31/92 307,063.88 547.37 732.48 441.79 16,538.52 209,437.88 47.63 79,318.21 EMPLOYER 199,180.01 0.00 0.00 0.00 2,247.28 136,680.42 47.63 60,204.68 EMPLOYEE 93,545.51 547.37 732.48 441.79 14,291.24 58,419.10 0.00 19,113.53 ROLLOVER/ 14,338.36 0.00 0.00 0.00 0.00 14,338.36 0.00 0.0= PORTABLE *** PLEASE NOTIFY RC WITHIN 90 DAYS OF ANY QUESTIONS REGARDING YOUR ACCOUNT *** *** SEE RC HIGHLIGHTS FOR IMPORTANT NEMS ON MATURING FUNDS *** r� 0 •TOWN OF HIGHLAND BEACH RETIREN 8777 GUARANTEED FUND AS OF NARCH 31, 1992 BALANCE ANNUAL BALANCE. ANNUAL ($) RETURN ($) RETURN 93,745.34 AT 8.35% 3,025.31 AT 8.05% 11,209.67 AT 7.65% 12,618.43 AT 8.15% 0 L J 3,024.88 AT 7.45% 5,123.91 AT 8.70% 11,295.11 AT 7.61% BALANCE ANNUAL !S) RETURN 5,185.58 AT 7.20% 23,979.24 AT 8.60% 11,195.20 AT 8.15% BALANCE ANNUAL (S) RETURN 9,511.92 AT 8.11% 8,781.09 AT 8.00% 10,742.20 AT 8.25% 457 DEFERRED COMPENSATION PLAN STATEMENT FOR THE QUARTER i ENDING 3/31/92 1CMA WMEWNT MRATION ACCOUNT NUMBER: 1959 TAX ID # : 590951822 Corporate Headquarters 777 North Capitol Street, NE, Suite 600 Washington, DC 20002-4240 (202) 962-4600 Toll -Free (800) 669-7400 TOWN OF HIGHLAND BEACH 3614 SOUTH OCEAN BLVD HIGHLAND BEACH FL 33487-3325 iummary of Activity for 1st Quarter (in $) for 457 Deferred Compensation Plan Balance on 1/ 1 /92 239,282.70 Contributions 14,369.02 RC intr©drees :the U S TreasUcjr Acct Maint Fee 2 5 2. 0 0 — Fund Transfers t1iVeStS in SeCUi`ItIeS vIth a hi tt 9 Adjustments ` c3lffierS' high Disbursements 6 0 0 . 00— prOtt?CtlOn end a rate Earnings 1 /31 714.07 1=unc may uctUate n pr'ncipaI lld)t 2/ 825.90 3/31 31 29.50— The li�arket. _ _ Balance on 3/31 /92 254,310.19 TOWN OF HIGHLAND BEACH ACCT.#1959 TAX ID#: 590951822 mary Detail for 1st Quarter (in $) 62,553.80 11,939.62 71.82- 4,225.27 162.75- 441.05 429.23 494.97 If you find discrepancies in your account, please call our toll -free number, (800) 669-7400, within 90 days. 10-0027775 To change your personal information, fill out the form on the back of this stater' ant. Rev. 9/91 mease verity the personal account information printed on the front of this statement. 0 any information is incorrect or has changed, please type or print the correct information below. Be sure to sign and date the form. Tear at the perforation and mail to: The /CMA Retirement Corporation, Dept J., 777North Capitol Street, NE, Suite 600, Washington, D.C., 20002-4240 Last Name First Name Middle Address Apartment or Unit Number City State Zip Date of Birth: Month Day Year Social Security Number RC Account Number Signature: Date: Guaranteed Fund as of 3/31/92' BALANCE ($) ANNUAL RETURN BALANCE ANNUAL BALANCE ANNUAL BALANCE ANNt. ($) RETURN ($) RETURN ($) RETUF. 3,828.76 11.75% 2,639.88 11.50% 3,428.65 10.50% 1,757.36 10.00 853.76 7.25% 2,038.11 7.30% 2,835.15 6.80% 4,069.29 7.80 6,718.55 8.10% 10,350.94 8.10% 9,107.09 7.20% 5,669.47 8.11 1,743.79 8.05% 4,975.64 8.70% 8,820.23 8.60% 5,620.42 8.00 8,815.00 7.65% 11,409.48 7.61% 8,963.67 8.15% 7,266.00 8.2= 30,408.89 8.15% • The Guaranteed Fund is closed to new contributions. • For Guaranteed Fund deposit period history, please see In The Market enclosed with this statement. State statutes or employer regulations may limit investments into several of RC's variable funds. For more information, please check with your employer. The assets reflected in this account are held in the /CMA Retirement Trust. • Corporate Headquarters IN 777 North Capitol Street, NE e Washington, DC 20002-4240 w. (202) 962-4600 Toll -Free (800) 669-7400 0„"` oN