General Employees Pension Board Minutes - 04.14.16 DRAFTCITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUND
POLICE EMPLOYEES' PENSION BOARD MEETING
MEETING MINUTES
April 14, 2016
1. The City of Atlantic Beach Police Employees' Pension Board meeting was called to order at
6:31 P.M. Those in attendance were:
Members Non - Members
Vic Gualillo
David Cameron
Bob Liggero
John Wolfel
Russell Caffey - Plan Administrator
Sidney Taylor- Graystone Consulting
2. Courtesy of the floor to visitors. Chris Jorgensen made general comments about a conversation
from the prior meeting, the coal industry and Chapter 1 1.
3. Approval of the minutes from the Police Retirement System for March 10, 2016 meeting.
Motion to approve was made by Dave Cameron and seconded by John Wolfel. The vote was
approved unanimously.
4. Sidney Taylor of Graystone consulting lead a discussion of the portfolios of both plans.
a. Discussion related to current allocation and rate of return. The current plan has
62.5% in Equity, 28.22% in Fixed Income, and 9.3% in Cash. The ending portfolio
value of $8,268,090.
Return Summary
Month 3/1/2016 3/31/2016 4.7%
Quarter 1/1/2016 3/31/2016 0.0%
Fiscal YTD 10/1/2015 3/31/2016 4.2%
Last 3 Years 3/1/2013 3/31/2016 4.4%
5. Discussion regarding the Fund Balance Report and two finance members traveling for pension
training.
6. New business
7. Adjournment— Vic Gualillo made a motion to adjourn the meeting, it was seconded by John Wolfel.
Vic Gualillo David Cameron
Chair Vice Chair
1