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1984.11.07_BTRB_Minutes_Regular ` THE TOWN OF HIGHLAND BEACH, FLORIDA e November 7, 1984 RETIREMENT BOARD OF TRUSTEES 1:15 P.M. The Regular Quarterly Meeting of the Trustees of the Retirement Board was called to order by Mayor Horton, Chairman, at 1:15 p.m. Those in attendance were: Mayor Louis Y. Horton, Commissioner Betty Jean Stewart, Elizabeth Ulitsch, Staff member, and Chief William Cecere, representing Abraham Widelitz, Police Dept. , (who is on sick leave.) Commissioner John Basso was absent . Also present was Maree Fowler, Finance Director. Item 1. The Financial Statement for Quarter Ending September 30, 1984 and the Annual Financial Statement for Year Ended September 30, 1984, showing a balance of $259,553.56, were presented for approval. After reviewing the above, a motion was made by Commissioner Stewart to accept the Statements as submitted - seconded by Chief Cecere. Item 2. The Annual Statement of Contributions on all members of the Retirement Plan was presented for perusal. At this time Mayor Horton read a letter from Elaine Roberts regarding the withdrawal of her funds in total plus interest to the end of December. Mrs. Roberts indicated she would prefer the check after January 1, 1985 but prior to January 15th, or January 20th at the latest. 410 Item 3. It was ascertained after discussion with Finance Director Maree Fowler, that enough funds would be available in the checking account to make the pending withdrawals and that reinvestment for 6 months of the maturing Investment Certificate on November 26, 1984 , in the amount of $100,000 be approved. A motion was made by Commissioner Stewart to reinvest the $100,000 at the best rate at the time of maturity (November 26th) for 6 months - seconded by Elizabeth Ulitsch. Item 4. There have already been two withdrawals from the Plan, Walter Budjinski (who resigned his position) , and W. Joseph Moss. Elaine Roberts` withdrawal will take place after the First of January, 1985. Item 5. Two applications were received by the Board for membership in the Plan: Ted J. Hanna, Maintenance Dept. , and Robert W. Dobrodziej, Assistant Director of Utilities. A motion to accept them into the Retirement Plan, effective October 1, 1984 , was made by Elizabeth Ulitsch - seconded by Commissioner Stewart. continued r i- THE TOWN OF HIGHLAND BEACH, FLORIDA 440 November 7, 1984 Retirement Board of Trustees - Minutes (continued) Page 2 Finance Director Maree Fowler stated that unless the Board requests her presence at a future meeting, she will not be in attendance, inas- much as Elizabeth Ulitsch is now a Board Member and in the Finance Department. Mayor Horton thanked Maree for her gracious assistance and all the supportive documents necessary for these meetings. A motion to adjourn was made at 1:25 p.m. by Commissioner Stewart and seconded by Mayor Horton. Respectfully au" tted, Eliza eth Ulitsch Approved: L uis Y. Horton (absent) 410 John J. Basso B ty Jean Stewart ATTEST: T 5��,- -y- m-:% ce .+ a -6'00-- for briham Wide tz DATE: La.N ;6 /g8 E1'iabeth'U ftsch