1994.08.30_BTRB_Minutes_Regular(A�o�h
Town of Highland
Beach
Mayor:
Arlin G. Vorese
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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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John F.Rand
407-278-4548
David Augenstein
Palm Beach County, Florida
FAX 407-265-3582
Town Manager:
Mary Ann Mariano
August 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, AUGUST 30, 1994, AT 1:15 p.m. in the Commission Chambers
at Town Hall.
A G E N D A
1. MINUTES - FEBRUARY 22, 1994
2. REVIEW ICMA QUARTERLY STATEMENT
3. SCHEDULE NEXT MEETING
4. ADJOURNMENT
Dom-. �'yI •�" .
DO IS M. TRINLEY
DE UTY TOWN CLERK
CC: Mayor Voress, Chairman/Mayor
Vice Mayor Paul
Ethel Lenhardt
Town Manager Mariano
Finance Department
Police Officer William Howe
Commissioner Eypel
Posted: 8/15/94
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"Tree City U.S.A."
• TOWN OF HIGHLAND BEACH, FLORIDA
RETIREMENT BOARD
REGULAR MEETING
Tuesdav, August 30, 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 Commission Chambers at Town Hall at 1:15 P.M.
At the Chairman's request, Deputy Town Clerk Doris Trinley called
roll. Others present were Vice Mayor Bill Paul, Commissioner
Arthur Eypel, Employee Representative Ethel Lenhardt and Police
Representaive Officer Carlo Angilillo. Finance Director Michael
Seaman was also in attendance, as were members of the general
public.
Minutes of the February 22, 1994 Regular Meeting were unanimously
approved upon MOTION by COMMISSIONER EYPEL/VICE MAYOR PAUL.
During review of the ICMA Quarterly Statement, Mr. Seaman advised
that as of 6/30/94, monies in the 401 Retirement Plan totalled
$457,550, with $395,104 in the 457 Deferred Plan.
• It was also noted that the automatic service line is now in order.
Mr. Seaman further advised that effective 10/1/94, three (3) new
plans will be available within the 401 Plan, and one (1) new plan
will be offered through the 457 Plan. More information on these
plans will be forthcoming in September 1994.
Performance Summaries for the month of July were as follows:
Growth Stock Fund....................+3.1
Equity Index Fund....................+3.1
Equity Income Fund...................+2.3
Asset Allocation Fund................+2.0
Core Bond Fund.... **--****— ....+1.7
U.S. Treasury Securities Fund ........ +1.5
Cash Management Fund .................+ .5
There being no further business to come before the Board at this
time, Chairman Voress announced the next meeting to be February 28,
1995 at 1:15 P.M. The meeting was adjourned at 1:20 P.M. upon
proper MOTION by COMMISSIONER EYPEL/OFFICER ANGILILLO.
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• Town of Highland Beach
Retirement Board -Minutes
August 30, 1994 Page 2 of 2
ATTEST:
Date:
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APPROVED:
Arlin Voress, Chairman/Mayor
Bill Paul, Vice Mayor
Arthur Eypel, Commissioner
Ethel Lenhardt, Employee Rep.
Carlo Angelillo, Police Rep.