8-8-24 GBPOT Adopted Minutesr -%
MINUTES
General Employees' Pension Board of Trustees
fi
Y Meeting
Thursday, August 8, 2024 - 6:30 PM
City Hall, Commission Chamber
Present: Emanuel Brown, Member
Gary Smith, Member
Jeff Newman, Member
Absent: Donald Galli, Civilian Member Appointed by Commission
Also Present: Brittany Percell, Finance Director (FD)
1. CALL TO ORDER
2. COURTESY OF THE FLOOR TO VISITORS
3. APPROVAL OF MINUTES
4. REPORTS
A. Expenditure report for period ended July 31, 2024
B. Recap of investment performance for the period ended June 30, 2024
MOTION. Motion to approved changes as recommended by Trustees.
Motion: Jeff Newman
Second: Gary Smith
Emanuel Brown
Gary Smith (Seconded B))
Jeff Newman (Moved By)
For
For
For
Motion passed 3 to 0.
C. Presentation of the Annual Actuarial Valuation Report as of October 1, 2023
MOTION. Motion to accept Actuarial Valuation Report as presented.
Motion: Jeff Newman
Second: Emanuel Brown
Emanuel Brown (Seconded By)
Gary Smith
For
For
General Employees' Pension Board of Trustees
August 8, 2024
Page 1 of 2
A.
Jeff Newnian (Moved By)
For
Motion passed 3 to 0.
5. DISCUSSION WITH PENSION BOARD ATTORNEY
A. Items for Discussion
6. OLD BUSINESS
7. NEW BUSINESS
A. Proposed FY2025 General Employees' Pension Budget
S. ADJOURNMENT
Meeting adjourned at 7:36 p.m.
Attest:
-Pelle� —
Brittany Percell, Plan Administrator
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General Employees' Pension Board of Trustees
August 8, 2024
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