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Home My WebLink About2000-03-23 - Agendas - Final J POLICE PENSION AGENDA MARCH 23, 2000 A meeting of the Fayetteville Police Pension Board will be held on March 23, 2000 at 1 :30 p.m in Room 326 of the City Administration Building located at 113 West Mountain, Fayetteville, Arkansas. 1 . Approval of the minutes IAI /&/y 2. Approval of the pension list 000a 2006 3 . Old Business 1 . Election results 4. New Business 1 . Ron Carrol's retirement 5 . Investment Report r J MINUTES OF A MEETING OF THE FAYETTEVILLE POLICE PENSION BOARD DECEMBER 16, 1999 A meeting of Fayetteville Police Pension and Relief Board was held on December 16, 1999 at 1 :30 p.m. in Room 326 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. Present: Randy Bradley, Hollis Spencer, Eldon Roberts, Jerry Friend and Heather Woodruff. Absent: Mayor Hanna. MINUTES Mr. Spencer moved to approve the minutes. Mr. Bradley seconded the motion. Upon roll call the motion carried unanimously. The Pension List was presented. No action was required. INVESTMENT REPORT Ms. Longer presented the investment report as of September 30, 1999. The total value of the account is $ 10,928,588. Assest allocation: Equities 40.2%; Fixed Income 55.8%; Cash 4.0%. Largest holdings are Tyson Foods, Emerson Electric, Pfizer, Northern Trust, Schering-Plough. 1999 realized gains through December 15, 1999 is $93 ,819. 1999 Net income through December 15, 1999 is $318, 179. Market Capitalization of equity holdings is 74.7% Large Capitalization and 25.3% Small and mid capitalization. Annualized income yield: Fixed income portfolio $372,315 (6.2%). Total Portfolio $445,228 (4.4%) Weighted average maturity of fixed income securities: 3 .9 years. Total performance since account inception has averaged 9.4% on annual basis. Since inception the total investment return has been $3 ,372,667. Elaine also reviewed a current (12/15/99) account holdings report and reviewed the current industry weightings in comparison to the weightings of the S&P 500. i Meeting adjourned at 2 :30 p.m. f - POLICE PENSION FUND April, 2000 I_ EMP# NAME GROSS FED. TAX ST. TAX NET 154ALLEN, CHARLES 2,244.53 220.00 66.89 10957 .64 152ARNOLD, WILLADEAN 853.00 853.00 130BAYLES, DON 10384.31 1 ,384.31 107BLACK, JOE P 985 .99 100.00 20.00 865 .99 120BOWEN, J R 613. 19 10.00 603 . 19 147BRADLEY, GERALD 4, 172.85 840.53 117 .32 3,215.00 139BRADLEY, RANDALL 2,482 .20 2,482.20 101 BROOKS, BILL 1 ,325 .79 1 ,325 .79 151 COLE, RUSTON 2,659.53 600.00 200.00 1 ,859.53 109COOPER, ADRIAN 565 .71 565 .71 1 1 1 DAY, LUCILLE 400.00 400.00 108DENNIS, WARREN 1 ,202 .71 1 ,202 .71 125FLOWERS, HAROLD 759. 10 759 . 10 140FOSTER, BILLIE D. 2,781 .68 150.00 50.00 2,581 .68 148FRIEND, JERRY 21734.53 350.00 150.00 2,234.53 145HANNA, MARK 2,376.11 225 .00 75 .00 2,076.11 124HASKINS, RONALD 689 .73 689.73 146HUTCHENS, BERNICE 889.85 130.00 759 .85 143JOHNSON, CHARLES 2, 133 . 14 42.67 2,090.47 103JOHNSON, WENDELL 690.55 690.55 118JONES, BOB 2,862 .00 2,862 .00 144KILGORE, DONALD 1780.31 19 .72 1 ,760.59 129LAWSON, FORREST 1 ,367 .48 200.00 1 , 167 .48 150 LITTLE, PATSY R 400.00 400.00 153LORCH, DONNA G 400.00 400.00 M 156MARTIN, KENNETH 3185 .49 1450.00 140.00 11595 .49 128MCCAWLEY, LARRY 1 ,476.94 180.00 20.00 1 ,276.94 116MCCHRISTIAN, MARIE 400.00 400.00 126MCWHORTER, KAREN 500.02 500.02 136MITCHELL, MICHAEL 2,003 .56 150.00 1 ,853 .56 141 MUELLER, ROSEMARY 1 ,795.38 1 ,795 .38 112 MURPHY, JAKE 400.00 400.00 137PERDUE, LARRY 2,018.55 200.00 25.00 11793 . 55 132PHILLIPS, HOMER GENE 11528.40 ' 300.00 0 1 ,228 .40 105PRESTON, GEORGE DAVID 1 ,396.37 67 .43 196.37 11132 .57 135RICKMAN, LOREN 1 ,939.54 230.00 65.00 1 ,644.54 104RIGGINS, RAYMOND C 11455 .01 125 .00 25.00 1 ,305.01 122SKELTON, FRANK 728.67 728.67 123SPENCER, HOLLIS 1 ,201 .65 150.00 36.65 1 ,015.00 155STOUT, BETTY 430.25 430.25 133SURLES, JERRY 21362 .50 412 .50 50.00 1 ,900.00 142TAYLOR, DENNIS 1 ,795.38 65 .00 65.00 1 ,665 .38 106UPTON, FRANKLIN 926.84 10.00 916.84 110WATTS, BEULAH 400.00 400.00 149WILLIAMS, JOYCE 1 ,232.07 217.07 10015 .00 134WITT, DON 1 , 539.09 64.00 115 .00 1 ,360.09 127 WOOD, PAUL J 1 ,378 .72 1 ,378 .72 $68,848.72 $60446.53 $ 1 ,479.62 $ 60,922.57 • 3 f � 4 March 23 , 2000 Eldon Roberts City Of Fayetteville PD Fayetteville, AR Eldon, Per our conversation this mort -ng of me being unable to attend the meeting today due to my beim out of town, I thank you for taking care of this for me. I tried and was unable to conta •t Randy Bradley or Jerry Friend, but left messages to return my call. Thank you, Hollis Spencer N 1 abed ° WV91 : 6 00 - £Z - uVW ` £S48 £L6 `• OSOM SuTMmeH S83ueJd : AS jua ; ESP8 £L6 9;9 W7 07 3sis -S O. $ 48 �� 5 ? a, - 3 � 8 �' '9555 -784'7 WOO Wit, Mme, y3 - 775 7 4 � vy6y� 7 " a 4 ,3N�Y7 U •�, o�Qd rYz 413 .3 ol16 Z abed ! Avg1 : 6 00 - £Z - jen `• £S48 £L6 `• OSOiM SUZMnIeH S80UEJJ : /B ;U8� �St8 �G6 i 0 0 r � �L,.- ti-y3 • j � 6 6 4 't - Of/ S-A-f � zJ ,.o a. , :- 77s� I M �4WW �- t C z1� ' 7/E abed ! nV9l : 6 00 - EZ - JEW `• ES48 EL6 `• OSOM SutMmery Saoueud : Aq lua ; £978 £L6 b - _ Placclas e stampp h herere, Y The post office % !/ not deliver me ��— without postap 4 / 4 abed ° Wtl91 : 6 00 - £Z - uep `• £948 £L6 `• OSOId, sulNmeH saDueJA : /g luat X578 £L6 f16ZARK Wr_ll.f C. k,'r. AI.D. ' ORTHOPAEDIC AND SPORTS MEDICINE CLINIC, LTD. ,. ,r::hn:trop '::u^.:T- ,1 Ine r:r,t, . Aill 1. is I ,I .boles I. M:ose. NA). N. Ihde Ilam,. 1I.0. ' cln,l I' 'Ar1:, 111, t4lIlncrc of I!..• I b,. .: 14. . February 22nd , 2000 Pelo /i. 11einxaLnonrtAl_D. ' Board of Trustees L,t,rlae, : ,ld:.' n,,.:d Police Pension and Relief. Fund ,. ,,,,;,I111iI .l„edu ;:l111 Fayetteville , AR . John P. Park, ALD. ' . � Aiilo°�°p° RE : Ronald CARROLL ; DOB : 06 / 25 / 57 loop Purnck Coker. AI.D. ' . i.,a,,,,,;, k, ,:,.,,,,,,, ti,,,•I,,,., To Whom It May Concern : John) Mertz. AID . , This man wr: s back to see me on 02 / 22 . We recently did <,;rals r.l•.1:'ane arthroscopy on his knee . He has significant changes of traumatic arthritis and gout . It ' s my opinion that he ' s not able to do the full activity required of a policeman 13. eayeAluckell. dr_ M.D. • , at this stage of the game . I don ' t think this is likely 01 le Su.evI” to change in the future . �M. tpe Sirlak. Ae. °. • ' Hopefully , he will do well if we can decrease his M,Sf,eitlNC S :10!' Care Gfaerar,: d.,„m'•d:s activity but at some point , he ' s g '., ing to continue with SeoD S. caapeq ALU. • . wear in his knee . If we can be of further help , please IN cr,n.•rrrore,o, e:{It5 feel free to contact my office . Spt'It� Wkht n,- Afark Al. .Allard. Al.D. • • Sincerely , Fiacnufs Spens Yietienot I IIII I. .nn 13 1 1 io, I ,u:,,I I yyy Barnes P. Alcilnnlly r,d,nt:a �ln�, .,, 4 X / W . Duke Harris , M . D . WDH / par .. . I• t�l lL:. lt'ns AR7::75i t\`s•.ILL ";.R (:171, 1 03/ 20/2000 10: 54 501-443-7129 LONGER INVESTMENTS PAGE 01 LONGER INVESTMENTS INCORPORATED A Rrotmed lnmtmmt Advisor March 20, 2000 Ms. Heather Woodruff City of Fayetteville 113 W. Mountain Fayetteville, AR 72701 Dear Heather: In response to your request for information presented by Elaine at the Police Pension meeting held in December, I've reviewed the reports that Elaine distributed. She highlighted the facts listed below. You may put them in the format you've used previously. Report date: September 30, 1999 Value of total account: $10,928,588 Asset allocation: Equities: 40.2% Fixed Income: 55.8% Cash: 4.0% Largest holdings: Tyson Foods Emerson Electric Pfizer Northern Trust Schering-Plough 1999 realized gains (Through 12/15/99): $93,819 1999 net income (Through 12/15/99): $3189179 Market capitalization of equity holdings: 74.7% Large-capitalization 25.3% Small- and mid-capitalization Annualized income yield: Fixed income portfolio $3727315 (6.2%) Total portfolio $445,228 (4.4%) Weighted average maturity of fixed income securities: 3.9 years • P.O. Box 1269 F¢rdlm(14 After s 72702 7drylwnc 501.443-5351 Toll fra: 600.8270710 Far: 501-4437129 03/ 20/200010 :, 54 501 -443-7129 LONGER INVESTMENTS PAGE 02 • / r Ms. Heather Woodruff March 20, 2000 Page Two Total performance since account inception has averaged 9.4% on an annual basis. Since inception the total investment return has been $3,372,667. Elaine also reviewed a current (12/15/99) account holdings report and reviewed the current industry weightings in comparison to the weightings of the S&P 500. This may be more information than you wanted, but I wanted to make sure to include anything you might need to complete the minutes. If I can be of further assistance, please let me know. Sincerely, Kim Cooper Executive Administrator /kmc