HomeMy WebLinkAbout1997-08-28 Minutes•
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MINUTES OF A MEETING OF THE FIRE PENSION BOARD
A meeting of the Fayetteville Firemen's Pension and Rebef Board was held on Thursday,
August 28, 1997, at 11:00 a.m., in room 326, of the City Administration Building, 113 W.
Mountain, Fayetteville, Arkansas.
PRESENT: Mayor Fred Hanna, Ron Wood, Darrell Judy, Bill Morris and City Clerk/Treasurer
Traci Paul
ABSENT: Pete Reagan and Marion Doss
CALL TO ORDER
Mayor Hanna called the meeting to order.
MINUTES
Wood, seconded by Judy, moved to approve the minutes of the July 31, 1997 meeting. The
motion passed unanimously.
PENSION LIST
Paul reported there were no changes in the pension list.
Wood, seconded by Morris, made a motion to approve the pension list for September, 1997.
The motion passed unanimously.
INVESTMENT REPORT
The Board briefly reviewed and discussed the Portfolio Performance Report dated December 31,
1996 through August 27, 1997
NEW BUSINESS
State Insurance Turnback Funds
Mayor Hanna reported that the City received State Insurance Turnback funds. The Board has
approximately $140,000 available for Investment.
Judy, seconded by Wood, made a motion to wait until the next meeting to invest the funds.
The motion passed unanimously.
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OLD BUSINESS
August 28, 1997
Letter to PRB - Interest on Insurance Turnback
Paul reported that she mailed a letter and a copy of the July 31 minutes to the Pension Review
Board as requested by the Board at the last meeting. Paul stated she informed PRB of the
Board's intention to not pursue the lost interest on the turnback check.
NEW FIRE PENSION BOARD MEMBER
Darrell Judy introduced and welcomed the new retired Board member, Bill Morris.
Morris stated he was glad to serve on the Board.
There being no further business, the meeting adjourned at 11:13 a.m.
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