1976.09.13_BTRB_Minutes_Regular TOWN OF HIGHLAND BEACH, FLORIDA
BOARD OF TRUSTEES
RETIREMENT PLAN
REGULAR MEETING
September 13 , 1976 9 : 30 A.M.
The Regular Meeting of the Board of Trustees (Retirement Plan) was
called to order by Mayor Gilday, Chairman of the Board, at 9:45 A.M.
on Monday, September 13 , 1976 .
Present were:
Mayor Morton E. Gilday, Chairman
Commissioner Robert D. Clark
M. Maree Birkbeck, Treasurer
Absent : Commissioner Ruth E. Mumford
Patrolman William Cecere
Also present :
/"N, Anton Drasal, Finance Advisor
Bette Barker, Recording Secretary
The Mayor announced that the first order of business concerned the
resignation of Officer John D. Ryan, submitted to Chief Kenneth
Jones . The Mayor read the letter of resignation for the record.
The Mayor requested a Motion that Patrolman Ryan ' s contribution
to the Pension Fund be paid to him provided that in the interim
the Town Commission accepts Patrolman Ryan' s resignation and also
provided that the Pension Fund receives a proper request for a
return of his monies paid into the Pension Fund.
Commissioner Clark made the Motion in the language of the Chairman
and Maree Birkbeck seconded the Motion.
Commissioner Clark further suggested that a one line form be
prepared for Patrolman Ryan to sign, requesting this money.
ROLL CALL on the Motion Unanimously Carried.
Mayor Gilday then read a letter from Patrolman Ryan dated September
�., 8, 1976 enclosing a check in the amount of $224.00, which had been
paid to him by the Workman' s Compensation in error.
Board of Trustees
�.. Retirement Plan
Regular Meeting
September 13 , 1976 Page 2 of 3
Maree Birkbeck then read the up-to-date financial statement as of
August 31, 1976
Mayor Gilday inquired as to whether Maree Birkbeck had already
computed the amount being returned to Patrolman Ryan and she
replied in the affirmative.
There was discussion regarding the additional amount to be invested
in Certificates of Deposit without running the Savings Account
too low. Mayor Gilday called for a Motion to approve the
investment of another $5, 000.00 in a C.D. similar to what we now have -
the money to be taken from the Savings Account.
MOTION by Commissioner Clark/Maree Birkbeck: "I so move" .
ROLL CALL on the Motion Carried Unanimously.
The next order of business was to accept four new applications for
enrollment in the Retirement Plan as follows :
Maree Birkbeck
Kathryn Borgemenke
Anton Drasal
Juanita McGee
Commissioner Clark made the MOTION that the above applications
for members of the Pension Fund be accepted. Mayor Gilday seconded
the Motion. These applications to be effective October 1, 1976 .
ROLL CALL on the Motion Carried Unanimously.
The Mayor then requested that Mr. Drasal check into the matter of
when elections should be held, making mention of the fact that
the employees would have to elect their representatives and two
members from the Commission would have to be chosen. The Mayor
remains as Chairman as long as he is in office.
Maree Birkbeck reminded the Mayor that the next election should
be October 1, 1976 since each member of the Board serves for one
(1) year.
\ J
Board of Trustees
Retirement Plan
,Th Regular Meeting
September 13, 1976 Page 3 of 3
Being no further business to come before the Board, the meeting
ADJOURNED at 10:00 A.M.
s i
l
APPROVED: Morton E. airman
(Absent)
Commissioner Ruth E. Mumford, Secy.
M. Maree eBirkbeeck, Treasurer
ar
Commissioner Robert D. Clark
(Absent)
Officer William Cecere
CONCURRED BY:
I
Anton Drasal, Advisor
ATTEST:
R ording Secretary
Dated: September 14, 1976
TOWN OF HIGHLAND BEACH
RETIREMENT FUND
n
Opening Balance - August 1, 1976 $ 29.776.61
Receipts:
- Savings A/C #012554
Employees Deductions $ 399.04
Town' s Contributions 399.04
Voluntary Contributions 181.88
Total Receipts 979.96
Balance $ 30,756.57
Disbursements:
- John P. O'Grady:
C ' Employees Deductions $ 472.68
Interest 15.62
Total Disbursements 488.30
Balance - August 31, 1976 $ 30,268.27
SUMMARY
Savings Account # 012554 $ 9,671.51
Certificates of Deposit 20,596.76 $ 30,268.27
Respectfully bmitted,
—F-+-1�,--<_ `ALJ_ -6-3,---t-,t
M. Maree Birkbeck,Treasurer
fl Board of Trustees - 9/13/76
cc: Board of Trustees
Finance Director
Town Manager