1994.02.22_BTRB_Minutes_Regular%IGHLAh�
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Town of Highland
Beach
Mayor:
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Arlin G. Voress
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Vice Mayor:
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Bill Paul
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3614 SOUTH OCEAN BOULEVARD • HIGHLAND BEACH,
FLORIDA 33487
Commissioners:
Arthur G. Eypel
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11\\ FL OR IOp
John F. Rand
David Augenstein
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Palm Beach County, Florida
407-278-4548
FAX 407-265-3582
Town Manager:
Mary Ann Mariano
February 15, 1994
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, Florida, has been called for
TUESDAY, FEBRUARY 22, 1994, at 1:15 p.m. in the Commission
Chambers at Town Hall.
A G E N D A
. 1. MINUTES - AUGUST 31, 1993
2. REVIEW ICMA QUARTERLY STATEMENT
3. SCHEDULE NEXT MEETING
4. ADJOURNMENT
w
NNE 1. KOWALS, C , ._
TOWN CLERK
cc: Mayor Voress, Chairman/Mayor
Vice Mayor Paul
Ethel Lenhardt
Town Manager Mariano
Finance Department
Police Officer William Howe
Commissioner Eypel
Posted: 2/15/94
AMK
•
"Tree City U.S.A."
14
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• TOWN OF HIGHLAND BEACH, FLORIDA
RETIREMENT BOARD
REGULAR MEETING
Tuesday, February 22, 1994 1:15 p.m.
Chairman/Mayor Arlin Voress called the Regular Meeting of the
Trustees of the Retirement Board, Town of Highland Beach, Florida,
to order in the Commission Chambers at Town Hall at 1:15 p.m.
Others present were Vice Mayor Bill Paul, Commissioner Arthur
Eypel, Police Officer Daniel Murphy, and Employee Representative
Ethel Lenhardt.
Also in attendance were Finance Director Michael Seaman, Town
Clerk Anne M. Kowals, CMC, and members of the general public.
The Agenda, as written, received unanimous acceptance.
Minutes of the August 31, 1993, Retirement Board Regular Meeting
were approved, as submitted, upon MOTION by COMMISSIONER EYPEL/
VICE MAYOR PAUL.
During review of the ICMA Quarterly Statement, the Finance
Director noted, as of 12/31/93, monies in the 401 Retirement Plan
totalled $444,772.84 with $368,870.85 in the 457 Deferred Plan.
The 1993 performances of the Variable Funds are as follows:
Growth Stock . . . . . . . . . . . . . . 11.0%
Equity Index . . . . . . . . . . . . . . 7.9%
Asset Allocation . . . . . . . . . . . . 9.6%
Core Bond Fund . . . . . . . . . 9.9%
U.S. Treasury Securities . . . . 10.0%
Cash Management . . . . . . . . . . . . 4.7%
Plus Fund . . . . 6.87%
Minimum return for the Plus Fund
for deposits 1/01/94 thru 6/30/94 is 6.25%
A new Equity Income Fund, commencing on 4/01/94, will offer a con-
servative approach to stock investing by selecting high dividend -
paying stocks with reasonable long-term capital growth.
0
Y
10
Board of Trustees of the Retirement Board
Regular Meeting Minutes - February 22, 1994
Page 2 of 2
The next meeting of the Retirement Board is scheduled for Tuesday,
August 30, 1994, at 1:15 p.m.
Upon proper MOTION by VICE MAYOR PAUL/COMMISSIONER EYPEL, Mayor
Voress adjourned this Regular Meeting at 1:20 p.m.
ATT ST:
Date: ,3 O
amk
APPROVED:
Arlin Voress, Chajx�Mayor
1, Vjce
Arthur EV(pel, �omihissioner
0&4
Ethel Lenhardt, Employee Rep.
614� ajm4�'z Ji4-v 6eel-, &�
Daniel Mu phy, of ce Rep.
ICMA
RETIREMENT
CORPORATION
•
ICMA RETIREMENT CORPORATION
401 QUALIFIED PENSION PLAN
STATEMENT FOR THE QUARTER
Suns600 1202)962-4600
777North CapnolStreet. NE Toll Free(8001669•7400
ENDING DECEMBER 31. 1993
Weshtrpton,DC20002.4240
THE ASSETS REFLECTED IN THIS ACCOUNT
ARE HELD IN THE ICMA RETIREMENT TRUST
TOTALS FOR
TOWN OF HIGHLAND BEACH RETIREM
ACCOUNT NUMBER:
8777
ATTN: CHIEF
ACCOUNTING OFFICER
EMPLOYER:
TOWN OF HIGHLAND BEACH RETIREM
3614 SOUTH
OCEAN BLVD
HIGHLAND BEACH
FL 33487
SUMMARY OF ACTIVITY FOR 4TH QUARTER
ASSET
CORE
CASH
GROWTH
EQUITY
ALLOCATION
BOND
MANAGEMENT
STOCK
GUARANTEED
INDEX
PLUS
FUND
FUND
FUND
FUND
FUND
FUND
FUND
TOTAL
BALANCE ON
10/01/93
1,003.05
1,096.66
926.84
31,249.01
178,086.49
216.87
218,100.55
430,678.47 ✓
EMPLOYER
0.00
71.18
0.00
9,364.66
116,985.23
212.78
155,437.75
281,071.60
EMPLOYEE
1,003.05
1,025.48
926.84
22,893.35
55,544.19
4.09
49,113.11
129,500.11
ROLLOVER/
0.00
0.00
0.00
0.00
5,557.07
0.00
14,549.69
20,206.76
PORTABLE
CONTRIBUTIONS
64.63
0.00
69.63
2,013.20
0.00
0.00
20,892.51
13,039.97
EMPLOYER
0.00
0.00
0.00
923.03
0.00
0.00
3,391.26
9,314.29
EMPLOYEE
64.63
0.00
69.63
1,090.17
0.00
0.00
2,501.25
3,725.68
GIC REINVEST
0.00
49.42
0.00
0.00
6,140.48-
149.22
5,942.94
0.00
ADJUSTMENTS
0.00
0.00
0.00
0.00
50,597.47-
0.00
50,535.81
61.66-`�'
EMPLOYER
0.00
0.00
0.00
0.00
31,047.79-
0.00
31,009.94
37.85-
EMPLOYEE
0.00
0.00
0.00
0.00
19,549.68-
0.00
19,925.87
23.81-
• DISBURSEMENTS
0.00
0.00
0.00
3,156.93-
812.64-
1%.07-
1,513.57-
S.679.21-`�
EMPLOYER
0.00
0.00
0.00
211.60-
663.68-
196.07-
1,252.65-
2,324.00-
EMPLOYEE
0.00
0.00
0.00
2,945.33-
148.96-
0.00
260.92-
3,355.21-
EARNINGS
23.33
2.76-
2.50
225.11-
2,446.94
6.21
4,554.26
6,798.27
BALANCE ON
/
12/31/93
11081.01
1,143.32
998.97
29.879.17
122,982.74
175.23
288.512.40
444,772.84 '�
x
EMPLOYER
0.00
112.05
0.00
9,036.39
82,206.84
146.02
201,291.12
292,792.42
EMPLOYEE
11081.01
1,031.27
998.97
20,842.78
35,102.06
29.21
72,433.38
131,518.68
ROLLOVER/
0.00
0.00
0.00
0.00
5,673.84
0.00
14,787.90
20,461.74
PORTABLE
*** AMOUNTS SHOWN ARE NET OF APPLICABLE FEES AND EXPENSES ***
*** SEE MAKING SOUND INVESTMENT DECISIONS: A RETIREMENT INVESTMENT GUIDE ec**
*** PLEASE NOTIFY RC WITHIN 90 DAYS OF ANY QUESTIONS REGARDING YOUR ACCOUNT ens*
*** SEE RC HIGHLIGHTS FOR IMPORTANT NEWS ON MATURING FUNDS save
N
, ,0
•TOWN OF HIGHLAND BEACH RETIREM
8777
GUARANTEED FUND AS
OF DECEMBER
31, 1993
BALANCE
ANNUAL
BALANCE
ANNUAL
BALANCE
ANNUAL
BALANCE
ANNUAL
($)
RETURN
(S)
RETURN
($)
RETURN
($)
RETURN
53,812.55 AT
8.35%
1,060.99
AT 7.45%
1,806.27
AT 7.20%
5,118.11
AT 8.11%
4,177.85 AT
8.70%
9.305.02
AT 8.60:
6,134.22
AT 7.65%
12,299.17
AT 7.61%
7,963.27 AT
8.15%
7,306.69
AT 8.25%
13,998.60
AT 8.15%
YEAR END SUMMARY
ASSET
CORE
CASH
GROWTH
EQUITY
ALLOCATION
BOND
MANAGEMENT
STOCK
GUARANTEED
INDEX
PLUS
FUND
FUND
FUND
FUND
FUND
FUND
FUND
TOTAL
BALANCE ON
01/01/93
758.21
921.62
669.04
23,217.04
199,763.55
530.08
147,694.82
372,544.36
CONTRIBUTIONS
EMPLOYER
0.00
0.00
0.00
3,937.45
0.00
202.75
37,125.20
41,265.40
EMPLOYEE
245.40
0.00
297.12 -
4,822.44
0.00
0.00
21.140.84
16,505.30
TRANSFERS
0.00
0.00
0.00
1,129.06
0.00
23.37
1,152.43-
0.00
GIC REINVEST
0.00
132.41
0.00
0.00
35,355.04-
149.22
35,074.41
0.00
ADJUSTMENTS
0.00
0.00
0.00
0.00
50,547.47-
0.00
50,935.81
11.66-
DISBURSEMENTS
0.00
0.00
0.00
6,246.53-
3,282.47-
768.60-
5.198.15-
15,495.75-
EARNINGS
81.08
92.73
36.29
3,073.98
13,730.59
40.53
13,722.09
30,777.19
MAINT FEE
3.68-
3.44-
3.48-
54.17-
326.42-
1.12-
420.19-
812.50-
BALANCE ON
1•
KJ
457 DEFERRED COMPENSATION PLAN
• STATEMENT FOR THE YEAR
ENDING 12/31/93
ICNIA
bIREMENIT
PORATION
ACCOUNT NUMBER: 1959
TAX ID # : 590951822
777 North Capitol Street, NE, Suite 600
Washington, DC 20002-4240
(202) 962-4600 Toll -Free 1-800-669-7400
00129460-22-0043190
TOWN OF HIGHLAND BEACH
3614 SOUTH OCEAN BLVD
HIGHLAND BEACH, FL 33487
Summary of Activity for 1993 (in $) for 457 Deferred Compensation Plan
Balance on 1 /1 /93
304,914.91
Contributions
52,924.15
Acct Maint Fee
315.00-
Fund Transfers
Adjustments
115.9 9 -
Disbursements
12 , 6 5 0.0 0 -
Earnings
24,112.78
Balance on 12/31/93 368, 870.85
TOWN OF HIGHLAND BEACH
ACCT.#1959 TAX ID#: 590951822
Summary Detail for 1993 (in $)
9122.12
3,455.38
773.46
2:256.27
10.00
50.00
794.57
34.68-
26.71-
1.79-
2,102.46
1,576.84
58.45-
1,269.73
328.87
117.17
14,657.45
10.00
3,807.54
3,260.25
2,163.45
164,768.03
124,632.47
1,525.00
48,288.31
8.90-
169.31-
73.61-
1,576.84
5,256.14-
37,938.73
37,996.27-
7,706.80-
4,943.20-
260.33
13,841.87
8,294.81
5,516.72 I 251,704.69 I 89,914.20
Amounts shown are net of applicable fees and expenses. See Making Sound Investment Decisions: A Retirement Investment Guide.
If you find discrepancies in your account, please call our toll -free number, 1-800-669-7400, within 90 days. Rev. 3M
457 DEFERRED COMPENSATION PLAN
i,Lll
STATEMENT FOR THE QUARTER
ENDING 12/31/93
ICN(A R:
RENIEN-r
ORATION
CCOUNT NUMBER: 1959
AX ID # : 590951822
777 North Capitol Street, NE, Suite 600
Washington, DC 20002-4240
(202) 962-4600 Toll -Free 1-800-669-7400
00129460-22.0043190
TOWN OF HIGHLAND BEACH
3614 SOUTH OCEAN BLVD
HIGHLAND BEACH, FL 33487
Summary of Activity for 4th Quarter (in $) for 457 Deferred Compensation Plan
Balance on 10/1/93 354,153.37
i n 9,501.77
n ri ut o s Cotb
Acct Main t Fee
<inEt>>> ;,>::t;>><><'
Fund Transfers
:.. ....
Adjustments.:::<:>::>::>::>:>:::>::>:<:::>::>:
pip
Disbursements 6 0 0.0 0 -
['..,..:,`f`
Earnings 10/31 2,046.64
11/30 1,302.18
12/31 2,466.89
vvillarctty€>» ... <
Balance on 12/31 /93 368,870.85
Summary Detail for 4th Quarter (in $)
TOWN OF HIGHLAND BEACH
ACCT.#1959 TAX ID#: 590951822
12,080.05
3,709.34
1,442.72
466.89
10.00
50.00
225.00
2,102.46
1,576.84
38.31
60.55
3.77
481.45-
44.50-
8.08-
451.19
32.15
20.00
14,657.45
10.00
3,807.54
3,260.25
;<< ;<_
1riS.............................................
:::;..;:;.:::.:::.:::.:::::..:....:.
PLti :.:;.;:::«::.>;:.;::;::<:>:<:::>::::»;GtI2�i.T81�}:;:::<...:::::::::::::::::::::.::::.
.........
FiiID:<:<`::><>::::><:>::>>:::_
" >::>s� :'>:>:;::>::>::>:`»'::> :»:>`:°.III
:;:
2
3,428.09
7 1 6
23 612
95,880.56
525.00
8,224.88
......
1,576.84
5, 256.14-
5
7,579.89
4 0 4.7 7 -
7 -
7 9 5 89
19 5.2 3 -
. 8 8
1322.48
620.65
31.2 2-
1, 2 7 5.3 5
592.08
17.13
1,350.39,
596.03
5,516.72
251,704.69
89,914.20
Amounts shown are net of applicable fees and expenses. See Making Sound Investment Decisions: A Retirement Investment Guide.
If you find discrepancies in your account, please call our toil -free number, 1-800-669-7400, within 90 days. Rev. 3M