02-11-21 PBOT - Police adopted minutesAgenda Item #3.A.
13 May 2021
Present:
MINUTES
Police Officers' Pension Board of Trustees
Meeting
Thursday, February 11, 2021 - 6:30 PM
Commission Chamber
William (Bill) Tomson, Chair
Tim Anderson, Member
Robert (Bob) Liggero, Member
Absent: Chase Jamison, Member
Ed Peck, Member
Also Present: Melissa Burns, Director of Finance
David Wheeler, Graystone Consulting Tampa
Pedro Herrera, Board Attorney (via Telephone)
1. CALL TO ORDER
2. COURTESY OF THE FLOOR TO VISITORS
3. APPROVAL OF MINUTES
A. Approve minutes of the November 12, 2020 regular meeting of the Police Officers'
Pension Board of Trustees.
MOTION: Motion to approve minutes from November 12, 2020 as presented.
Motion: William (Bill) Tomson
Second: Robert (Bob) Liggero
William (Bill) Tomson (Moved By) For
Tim Anderson For
Robert (Bob) Liggero (Seconded By) For
Motion passed 3 to 0.
4. REPORTS
A. Recap of investment performance for the period ended December 31, 2020 and
subsequent activity
David Wheeler of Graystone Consulting Tampa presented the investment performance
report for the quarter ended December 31, 2020. The total value at the end of the
quarter was $14,086,439
Police Officers' Pension Board of Trustees
February 11, 2021
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Agenda Item #3.A.
13 May 2021
Report Summary
Quarter to Date (10/1/20-12/31/20) - 11.66%
Performance Since Inception (3/10/10-12/31/20) - 7.29%
Mr. Wheeler made a recommendation for allocation adjustments to increase retum on
investments. These adjustments are within the Asset Allocation Guidelines and closer
to the targets.
MOTION: Motion to approve recommended allocation adjustments.
Motion: Robert (Bob) Liggero
Second: Tim Anderson
William (Bill) Tomson For
Tim Anderson (Seconded By) For
Robert (Bob) Liggero (Moved By) For
Motion passed 3 to 0.
B. Expenditure report for the period ended December 31, 2020
No discussion, for information purposes only.
C. Fund balance report for the period ended December 31, 2020
No discussion, for information purposes only.
5. DISCUSSION WITH PENSION BOARD ATTORNEY
A. Items for Discussion
Attorney Herrera discussed the new E -Verify law and referenced the memo and letter
that was sent out prior to this meeting. He also discussed items to watch during the
upcoming legislative session.
6. NEW BUSINESS
A. Other New Business to Discuss
No other new business was discussed.
7. ADJOURNMENT
There being no further discussion, Chair Tomson declared the meeting adjourned at 7:57 p.m.
Attest:
Police Officers' Pension Board of Trustees
February 11,2021
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Agenda Item #3.A.
13 May 2021
Melissa Burns, Plan Administrator Wi1iialrlr'emsvri, Chair
VtA- L yje
Police Officers' Pension Board of Trustees
February 11, 2021
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