Police Employee Pension Board Minutes 01-09-14CITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUND
POLICE EMPLOYEES' PENSION BOARD MEETING
MEETING MINUTES
January 9, 2014
1. The City of Atlantic Beach Police Employees' Pension Board meeting was called to order at
6:30 P.M. The members in attendance were trustees: Vic Gualillo, David Cameron, John Wolfel,
and Bill Tomson. Pension Plan Administrator Nelson Van Liere and Investment Advisor Michael
O' Shields were also in attendance.
2. Courtesy of the floor to visitors. No visitors exercised their right to speak.
3. Approval of the minutes from the Police Employee Retirement System November 14, 2013
meeting. Motion to approve was made by David Cameron and seconded by Bill Tomson. The vote
was unanimous to approve.
4. Michael O'Shields led the discussion on investment performance for the month of December
including year to date information. Discussion related to current equity and bond investment
allocation. Current quarterly performance has resulted in a $346,795 gain with a current ending
portfolio value of $7,717,010. This represents a gain of 4.7% after the first quarter of the fiscal year
ended September 30, 2014.
5. No new business.
6. Adjournment — motion to adjourn the meeting at 6:49 PM.
Chair
c2eDavid Cameron
Secretary
L1)