HomeMy WebLinkAbout1994-06-30 - Agendas - FinalMINUTES OF A MEETING OF THE FIRE PENSION BOARD
A meeting of the Fayetteville Firemen's Pension and Relief Board
was held on Thursday, May 19, 1994, at 11:00 a.m. in Room 326 of
the City Administration Building, 113 W. Mountain,, Fayetteville,
Arkansas.
PRESENT:
ABSENT:
Marion Doss, Ron Wood, Retirees Richard Baird and Darrell
Judy, Mayor Fred Hanna, and City Clerk Sherry Thomas.
Pete Reagan and Treasurer Glyndon Bunton
CALL TO ORDER
Mayor Hanna called the meeting to order.
MINUTES
Doss, seconded by Wood, made a motion to approve the minutes of the
April 28, 1994 meeting. The motion was approved unanimously.
PENSION LIST
Doss, seconded by Baird, made a motion to approve the pension list
for June 1994.
OLD BUSINESS
DROP PLAN
Doss stated further discussion on the Drop Plan will take place
after the Pension Board receives the actuary report this summer.
Also, they have distributed copies of the Drop Plan to active
members of the pension fund, and their input will be considered
when deciding about the Drop Plan.
NEW BUSINESS
INVESTMENT REPORT
There was no investment report for this meeting.
ADJOURNMENT
The meeting adjourned at 11:08 a.m.
ARGivED
FAYETTEVILLE
T411
HOF FAYETTEVILLE, ARKANSAS
SHERRY L. THOMAS, CRY CLERK
TO:
FROM:
DATE:
SUBJECT:
Betty George, Payroll Clerk
49 --
Sherry L. Thomas, City Clerk
June 13, 1994
Leonard Bolain, Firefighter Retiree
Mr. Leonard Bolain passed away on May 30, 1994.
issuance of the fire pension checks in his name
$55.00 per month pension to his widow, Mrs. Ann
Thank you.
113 WEST MOUNTAIN 72701 501 575-8323 FAX 501 575-8257
Please stop the
and transfer the
Bolain.
FAYETTEVILLE FIRE DEPT PENSION AND RELIEF FUND
PORTFOLIO PERFORMANCE 12/31/93 TO 12/31/94
NM CAPITAL MANAGEMENT
INCOME ACCOUNT*
12/31/93 05/31/94
$4, 205, 819 $4, 111,159
3, 192, 618 $3, 257, 753
12/31/92 12/31/93 05/31/94
3 - MONTHS TREASURY PILLS + 3.93 + 3.19 + 1.32
DJIA W/DTV REINVESTED + 7.42 +16.96 + 1.22
S & P 500 W/DIV REINVEST + 7.66 +10.0q - 2.13
LONG-TERM TREASURY BONDS + 7,92 +17.74 - 6.00
H IGH GRADE CORP BONDS + 9.87 +13.71 - 5.80
CPI (APR) + 3.10 +75 + 1.10
NM CAPITAL + 9.43 +15.34 - 2.25
INCOME PCC" (TIME WTD) + 5.51 + 7.01 - 3.96
W ITHDRAWALS: DEPOSITS:
02/10/94 i0 000 01/27/94 245,000.
03/14/94 20,000
05/09/94 5, 000
•
INVOICE
NM CAPITAL MANAGEMENT, INC.
7510 MONTGOMERY, NE SUITE 201
ALBUQUERQUE, NM 87109
May 9, 1994
Merrill Lynch
425 W. Capitol, Suite 200
Little Rock, AR 72201
r. -
s • -.- Leans_
a �: z _14.114.1
°
6,14
Re: City of Fayetteville Fire Pension & Relief Fund
Account 1563-96346
STATEMENT OF MANAGEMENT FEES:
For the period from January 01, 1994 through March 31, 1994
CITY OF FAYETTEVILLE FIRE PENSION AND RELIEF FUND
Portfolio Valuation as of 03-31-94 $ 4,110,897.32 *
• $ 4,110,897.32 @ 0.5000% per annum $ 5,097.96
Quarterly Management Fee '� $ 5,097.96
•
TOTAL DUE AND PAYABLE
c
$ 5,097.96
ALL INVOICES ARE DUE UPON RECEIPT. TO INSURE PROPER CREDIT, PLEASE
INDICATE ACCOUNT NAME ON CHECK.
*Portfolio Valuation used for fee computation has been reduced by
accruals amounting to $32,533.34.
A copy of this invoice has been sent to the client for their record.
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FIRE PENSION
AGENDA ITEMS
FOR
6-30-94
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