June 17, 2013 Agenda.pdf - City of Deltona, Florida

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Attachment number 2 \nPage 1 July 15, 2013 City of Deltona, Firefighters’ Pension Plan Board of Trustees Quarterly Report Quarter Ended June 30, 2013 Board of Trustees: City Commission Appointees (terms expire January 2013): o Darien LaBoy – original appointment June 2013 o John Adams – original appointment January 2005 Active plan member appointees (terms expire January 2013): o Kurt Vroman, – original appointment January 2009 o Frank Snyder – original appointment October 2011 Trustee Appointee (term expires January 2014): o James Koczan – original appointment February 2008 Quarterly Administration Highlights: 1. Investments as of June 30, 2013 Totaled $16,138,081: a. Cash & Equivalents $2,453,743 b. Equities $5,947,458 c. Mutual Funds $3,407,810 d. Fixed Income $4,329,070 2. 2012 Annual State Report Filed – The Plan is required to file a report annually to the Florida Department of Management Services, Division of Retirement, Municipal Police Officers’ and Firefighters’ Retirement Trust Funds’ Office. The report provides detailed financial data for the Plan year ended September 30, 2012 and demonstrates compliance with all provisions of the state statute chapter 175 as required. Upon review and acceptance by the State that all statutory requirements have been met, the City is then eligible to receive its annual Insurance Premium Tax distribution. We received a letter of preliminary review from the state dated April 10, 2013 requesting additional information and clarification on certain items contained in the report. A response was provided in June and we are awaiting final approval from the State. 3. Annual Member Benefit Statements – Statements were distributed to Members in May. The statements provide a snapshot of each member’s current status in the Plan; as well as an estimate of future benefits of which the member may be entitled upon attainment of credited service allowing for “normal” retirement under provisions of the Plan. The benefit statement is based on the Plan Ordinance in effect as of September 30, 2012. Benefits are based on current dollars utilizing wages in effect as of October 1, 2012, with no adjustment for future compensation increases the member may experience throughout their career with the City. 4. Investment Management – The Board continues to review its investment strategy with its independent investment consultant (the Bogdahn Group). The City Commission adopted Ordinance 03-2013 on February 4, 2013 and the Board adopted a revised Investment Policy Statement which Page 1 of 2 47 Item 5D
Attachment number 2 \nPage 2 was filed with the City and the State in April. The consultant has provided education sessions on introducing Global Bond and Real Estate investment strategies. The Board reviewed and selected two Global Bond funds: PIMCO Diversified Income and Templeton Global Bond Advantage in April. On June 18, 2013, the Board conducted interviews with Real Estate Managers, selecting ASB Allegiance Real Estate Fund. 5. Quarterly Board Meeting – The next quarterly meeting of the Board of Trustees will be held July 18, 2013 at 3:00pm at the Deltona Municipal Complex. July 15, 2013 Page 2 of 2 48 Item 5D
Page 5 and 6: Presentation of City Investments by
Page 7 and 8: AGENDA MEMO TO: Mayor & City Commis
Page 9 and 10: Attachment number 1 \nPage 1 CITY O
Page 11 and 12: City of Deltona, Florida Regular Ci
Page 19 and 20: Team Volusia Economic Development C
Page 21 and 22: Project Pipeline 5 Project Manufact
Page 23 and 24: Outreach JULY DALLAS, Consultant Mi
Page 25 and 26: COLLABORATION JRB Of Ormond Inc www
Page 29 and 30: Attachment number 1 \nPage 2 Econom
Page 31 and 32: Attachment number 1 \nPage 4 Rates
Page 33 and 34: Monthly job growth has averaged 200
Page 35 and 36: Attachment number 1 \nPage 8 Invest
Page 37 and 38: Attachment number 1 \nPage 10 City
Page 39 and 40: City of Deltona Quarterly Book Valu
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Page 53 and 54: STAFF RECOMMENDATION PRESENTED BY:
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Page 65 and 66: STAFF RECOMMENDATION PRESENTED BY:
Page 85 and 86: Attachment number 1 \nPage 1 RESOLU
Page 87 and 88: Attachment number 2 \nPage 1 Quote
Page 91 and 92: Attachment number 1 \nPage 1 ORDINA
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COST: N/A REVIEWED BY: Public Works
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Attachment number 2 \nPage 1 DRAFT
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AGENDA MEMO TO: Mayor & City Commis
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Attachment number 1 \nPage 1 Charte
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Election Schedule Page 1 of 1 Attac
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AGENDA MEMO TO: Mayor & City Commis
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Attachment number 1 \nPage 1 SPECIA
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June 17, 2013 Agenda.pdf - City of Deltona, Florida

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