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Home My WebLink About2002-03-28 - Agendas - FinalFA YETTE VILLE City Clerk's Division Aik13 West Mountain ayetteville, Arkansas 72701 Phone: 479-575-8323 Fax 479-718-7695 - Email:cityclerk@ci.fayetteville.ar.us AGENDA FIRE PENSION MARCH 28, 2002 A meeting of the Fayetteville Fire Pension and Relief Fund Board will be held on March 28, 2002 at 11:00 a.m. in Room 326 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. 1. 2. 3. Approval of the minutes Approval of the pension list Investment report Other business • Heather Woodruff, City Clerk 113 Wcst Mountain Fayetteville, AR 72701 575-8323 email: hwoodruff@ci.fayettevillc ar.us MINUTES OF A MEETING OF THE FAYETTEVILLE FIRE PENSION AND RELIEF FUND BOARD FEBRUARY 28, 2002 A meeting of the Fayetteville Fire Pension and Relief Fund Board was held on February 28, 2002 at 11:00 a.m. in Room 326 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. PRESENT: Marion Doss, Pete Reagan, Robert Johnson, Danny Farrar, Heather Woodruff, Kit Williams, and Richard Yada. MINUTES Mr. Reagan moved to approve the minutes. Mr. Johnson seconded. The motion carried unanimously. PENSION LIST Mr. Doss stated Tommy Gage has been moved from Drop to the Retired list. Mr. Reagan moved to approve the list. Mr. Doss seconded. The motion carried unanimously. INVESTMENT REPORT - Mr. Yada stated the account was down $95,000. $45,000 had been sent back to the checking account. They were down approximately $50,000 in market value. Private Portfolio Group was at 2.2 million. They were down .79%. Mercury Group was at 1.5 million. They were down 3.42%. Income Account was at 5.5 million. They were down .77%. Ashland was at 1.9 million. They were down .89%. During the same time the Dow Jones was down .9%. The S&P500 was down 1.46%. He was currently looking at their asset mix and their projected cash flow based on what they were having to send back. They might have change their asset allocation. They have had to send back more than they had anticipated this year. He would have a recommendation soon on Mercury and MLAM Group. MLAM was their value manager. They should have been breaking even or losing just a small amount last year, but they were down 13%. Mercury was a growth manager. They had a little more technology. They had been down 19% last year They were under preforming. They were doing worst than what the market did last year. He thought they were at the bottom of the recession. Every thing was in place for the economy to grow. Interest rates and inflation were down. Most of the large companies had their inventories down. Mr. Reagan asked on the growth stocks, Mercury, if the reason they were down was because they were holding onto the stocks. Mr. Yada replied they were not necessarily holding on. They started then in May of2000. The worst time. Last year the market was down and so was Mercury. They have not made them any money, but with the style of investment that they had, no one made any money. Their bond portfolio was holding them up while the market was down. • Meeting adjourned at 11:15 a.m. FIREMEN'S RELIEF AND PENSION FUND it MARCH, 2002 0 IIHE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE ONTH OF MARCH , 2001. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. • DATE OF EMP# RETIREMENT NAME 79 11/99 74 3/86 2 3/75 63 5/72 68 7/99 44 9/86 45 9/86 49 7/88 4 6/67 5 5/72 57 5/90 6 4/68 84 03/01 85 03/01 '6 10/76 61 6/66 78 11/99 11 2/76 38 5/84 91 03/02 34 6/79 70 11/99 86 07/01 64 4/95 76 5/88 37 3/84 54 5/89 12 3/60 13 10/67 14 7/74 51 10/88 60 12/89 55 12/89 40 9/85 50 9/88 39 . 4/85 35 2/82 15 4/77 29 8/81 73 2/00 42 2/86 17 2/66 16 • 4/64 62 10/68 48 7/88 58 9/90 46 5/88 81 02/01 53 2/89 22 4/73 30 3/81 41 9/85 23 4/71 ARMSTRONG (DILL), PAMELA BAIRD, JULIA BLACKARD, PAUL BOLAIN, ANN BONADUCE, MICHAEL BOUDREY, BETTY MRS. BOUDREY, HOWARD BOUDREY, JACK CARL, FLOYD JR CASELMAN, ARTHUR CATE, ROY CHRISTIE, ARNOLD CIRCUIT CLERK WASHINGTON CIRCUIT CLERK WASHINGTON COUNTS, WAYNE DAVIS, BEULAH F. DILL,GARY JOHN FARRAR,ALONZO FRALEY, JOSEPH G. GAGE,TOMMY HARRIS, JAMES E. HARRIS, MARY RUTH JOHNSON,ROBERT JORDAN, CHARLIE JUDY, JAN KING, ARNOLD D. KING, ARVIL LANE, HOPE MRS LAYER, MERLIN LEE, HAROLD LEWIS, CHARLES LEWIS, MARVIE LEWIS, ROGER LOGUE, PAUL D. MASON, LARRY MC ARTHUR, RONALD A. MC CHRISTIAN, DWAYNE MC WHORTER, CHARLES MILLER, DONALD MILLER,KENNETH MOORE, JAMES H. MORRIS, WILKIE MRS. MORRIS, WILLIAM H. MORRISON, ELIENE MULLENS, DENNIS W. OSBURN, EDWARD OSBURN, TROY PHILLIPS,LARRY POAGE, LARRY REED, JOE SCHADER, EARVEL SCHADER, TROY SKELTON, LAWRENCE BURL GROSS FED. TAX ST. TAX CO CO 1,658.91 1,649.16 55.00 55.00 2,735.14 2,267.18 1,911.99 1,507.82 55.00 75.00 1,637.10 55.00 55.00 377.50 1,658.92 914.10 1,618.08 2376.34 55.00 55.00 2,812.66 2,081.90 1507.82 1,393.18 1,566.00 55.00 417.50 55.00 1,507.82 790.49 790.50 2,624.88 1,492.83 1,604.92 55.00 1,221.26 1,193.41 2,910.17 55.00 55.00 70.00 80.00 2,005.35 2,248.33 1,738.46 2,530.45 2,147.56 55.00 1,268.40 1,395.58 870.50 300.00 550.00 475.38 300.00 287.68 100.00 75.00 200.00 226.00 500.00' 200.00 300.00 130.00 75.00 50.00 325.00 78.16 150.00 30.00 150.00 125.00 160.00 200.00 300.00 57.00 100.00 100.00 145.00 50.00 50.00 NET 1,258.91 954.16 55.00 55.00 2,259.76 1,917.18 1,911.99 1,170.14 55.00 75.00 1,637.10 55.00 55.00 377.50 1,558.92 839.10 15.00 1,403.08 50.00 2,100.34 55.00 55.00 100.00 2,212.66 2,081.90 ' 50.00 1,257.82 200.00 893.18 1,436.00 55.00 417.50 55.00 25.00 1,407.82 790.49 10.00 730.50 75.00 2,224.88 1,414.67 50.00 1,404.92 25.00 .1,071.26 25.00 1,043.41 2,910.17 55 00 55.00 70.00 80.00 2,005.35 2,088.33 38.00 1,500.46 2,530.45 100.00 1,747.56 55.00 1,268.40 1,338.58 10.00 760.50 a. • 82 03/01 83 03/01 66 8/98 36 5/76 90 03/02 25 2/75 26 3/66 27 3/71 71 1/00 28 7/68 59 5/91 88 01/02 52 9/88 DROP DATE 05/01/1998 02/01/1999 02/01/1999 05/01/1999 04/01/2000 07/01/2000 01/01/2001 .SKELTON,KELLY SKELTON, KIMBERLY SKELTON, PAULINE SPRINGSTON, CARL STOUT, IMOGENE W. STOUT, ORVILLE (DECEASED) TUNE, BILLIE SUE TUNE, MILDRED MRS. WARFORD,THOMAS WATTS, DONALD WATTS, WAYNE WOOD,RONNIE D WRIGHT, RANDALL DROP EMPLOYEES FREEDLE, LARRY LEDBETTER, DENNIS TATE, RALPH BACHMAN, EDDIE NAPIER,LONNIE REAGAN,PETE DOSS,MARION 1,114.17 1,114.17 390.00 737.78 702.65 0.00 80.00 80.00 2,290.35 400.00 1,642.10 2,816.02 1,547.82 125.00 125.00 70.00 300.00 130.00 200.00 25.00 964.17 964.17 390.00 17.00 650.78 702.65 0.00 80.00 80.00 1,990.35 400.00 20.00 1,492.10 2,816.02 25.00 1,322.82 25.00 72,287.27 6,394.22 1,205.00 64,688.05 NEW BENEFITS 3,492.86 3,455.40 3,356.83 2,396.34 3 219 73 3,235.68 4,920.63 WE, THE UNDERSIGNED, DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT; THAT NO PART THEREOF HAS BEEN PREVIOUSLY PAID; THAT THE PENSION PAYMENTS SO CHARGED ARE IN ACCORDANCE WITH THE ACTIONS OF THE BOARD OF TRUSTEES OF THE FIREMEN'S RELIEF AND PENSION FUND; THAT THE SERVICES OR SUPPLIES FURNISHED, AS THE CASE MAY BE, WERE ACTUALLY RENDERED OR FURNISHED; AND THAT THE CHARGES MADE THEREFORE DO NOT EXCEED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR •ERVICES OR SUPPLIES. SECRETARY CHAIRMAN AND PRESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIS _DAY OF 2000. NOTARY PUBLIC MY COMMISSION EXPIRES: • • . 0 tem CU N O d W a! N ct O O .- • N 0) 0 0. atti E 0 d N 0.. � 0 0) to � d b w N O 00 N 0 N M r --- r-- 00 00 00M N N 0 0o00 oo in 0 CA N 00 V 0 0' O 7 .Lei. EC.'" 00 N G 0 0 <31- 00 0000 rn00 0 r 1/40O N 0 0 in 0. 0.7 0 0 7 01 t- M 0 0 00 00 O 0\ C: 0 00 O O • 'c00 '. In O 0 — d M Vl 00 r r • M 7 V N N .w * 5,087,958 ci rea M -. 00 0 0 0 G > co > 0 VD > in N cr,in E o E 0000 0 N 7 1/40 u1 0 ti ocgn 'D v- rn c ‘5-; o L M Vl N Vl ¢ h • 00 00 co N M C` M O N Mm fVi N N t M- t t O O • N O o• tn in O + - N N i V') (T C' co N N •. M '0 c \.6 C\ ^ CI a7 t G' r1 N �- t t 00 N r N O t 00 N N \ D M 'n — N •-• • t t t r r '0 • M 00 M 'rr4 M M � N M N. t t t 0 .0 C4 D CD • 94> r r-- N N 00 cri le; t t h t r O t cocn el v r-- rn - ^ 1D 1- 2 0 c •- ;o a Q o p° t o E 7 m a CO U T c 0 2 4C 3 O 0 > c y o O C7 _ 0 E a Q yc_ntri ° c O t O0 t 00 cc M O • en t t 0 co 2 L 0 00 u 0 n 0 0000 fel 0 O O N V1 T F 0 t cti ck ▪ c — T M > > • - * 0 = c O u u J J r. c c c O 0 J 0 0 t- O 0 0 ✓ 0 n00 0 0 7 0 T ▪ N N V N a.. 69 65 69 'EL U 0 FA YETTE VILLE City Clerk's Division \F1West Mountain 3 ayetteville, Arkansas 72701 Phone: 479-575-8323 Fax: 479-718-7695 Emailtityclerk@ci.fayetteville.ar.us fayetteville.ar.us March 4, 2002 Richard Yada . . Merrill Lynch Capitol Tower Building Little Rock, Arkansas 72201 Dear Richard; Please transfer $105,000 from Account #56396345 to the Bank of Arkansas, ABA 082901392 for credit to the Fayetteville Fire Pension and Relief Fund account, Account # 1063401. It is my understanding the money is to be used to meet payroll. Thank you, Headier Woodruff City Clerk Heather Woodruff, City Clerk 113 West Mountain Fayetteville, AR 72701 575-8323 email: hwoodruff@ci.faycttcville.ar.us FAYETTEVILLE i THE CITY OF FAYETTEVILLE, ARKANSAS March 14, 2002 Richard Yada Merrill Lynch Capitol Tower Building Little Rock, Arkansas 72201 Dear Richard, Please transfer $65,000 from Account #56396345 to the Bank of Arkansas, ABA 082901392 for credit to the Fayetteville Fire Pension and Relief Fund account, Account # 1063401. It is my understanding the money is to be used to meet payroll. • Thank you, Be err WoodruffAla, City Clerk • 113 WEST MOUNTAIN 72701 501 521-7700 FAX 501 575-8257 -tea • FAYETTEVILL.E • 113 W. Mountain St. Phone: (501) 575-8323 Mil ay or ayetAevis City of Fayetteville • CITY CLERK'S.OFFICE • Fax Cover. Sheet • To: Ng'/t�' 61(49/d D� Company J 1(49 %/*� Fax#• Sa- 22 g-713/ From: l� Date- D3 "/>9DDZ. Fayetteville, Alt 72701 Fax #: (501) 718-7695 • Number of Pages (including cover sheet): Notes• • If transmission cannot be read clearly, please call back as soon as possible. Thank you. r /-YDD-9�37D�o� _ PHONED RETURNED YOUR CALL RPLFASE CALL N IRC WILL CALL AGAIN • CAME TO SEE YOU 1154 ❑ WANTS TO SEE YOU • lira • • FA YETTE VILLE City Clerk's Division : W13 West Mountain ayetteville, Arkansas 72701 Phone: 479-575-8323 Fax: 479-718-7695 Email: cityclerk@ci.fayetteville. anus • March 25, 2002 Richard Yada Merrill Lynch Capitol Tower Building Little Rock, Arkansas 72201 Dear Richard; Please pay Ashland Management $3,897.34 from Account #56305g88 for services provided during the quarter ending December 31, 2001. Thank you, Heather Woodruff City Clerk Heather Woodruff, City Clerk 113 West Mountain Fayetteville, Alt 72701 575-8323 email: hwoodruff@ci.fayctteville.ar.us