HomeMy WebLinkAbout2018 08 09 Consent 300 Unapproved Minutes from the May 10, 2018 Regular MeetingBOARD OF TRUSTEES
AGENDA ITEM
ITEM 300
August 9, 2018
Regular Meeting
REQUEST:
Informational
Consent
X
Public Hearings
Regular
The Office Of The City Clerk Is Requesting The Board Of Trustees Consider And Approve The
Thursday, May 10, 2018 Board Of Trustees Regular Meeting Minutes.
ATTACHMENT(S):
A. Unapproved Copy Of The Thursday, February May 10, 2018 Board Of Trustees Regular
Meeting Minutes (3 Pages)
CITY OF WINTER SPRINGS, FLORIDA
MINUTES
BOARD OF TRUSTEES
REGULAR MEETING
MAY 10, 2018
A
CALL TO ORDER
--
The Regular Meeting of Thursday, May 10, 2018 of the Board of Trustees was called to
Order by Chairperson David Withee at 5:39 p.m. in the East Training Room of the
Municipal Building (City Hall, 1126 East State Road 434, Winter Springs, Florida 32708).
Roll Call:
Chairperson David Withee, present
Vice -Chairperson Robin Paris, present
Board Member Stephen Krohn, present
Board Member Barbara Watkins, present
Assistant to the City Clerk Antonia DeJesus, present
A moment of silence was held followed by the Pledge of Allegiance.
No changes to the Agenda were made.
AWARDS AND PRESENTATIONS
AWARDS AND PRESENTATIONS
100. Not Used
INFORMATIONAL AGENDA
INFORMATIONAL
200. Not Used
PUBLIC INPUT
Chairperson Withee opened "Public Input".
No one spoke.
Chairperson Withee closed "Public Input".
CITY OF WINTER SPRINGS, FLORIDA
MINUTES
BOARD OF TRUSTEES
REGULAR MEETING -MAY 10, 2018
PAGE 2 OF 3
CONSENT AGENDA
CONSENT
300. Office Of The City Clerk
The Office Of The City Clerk Is Requesting The Board Of Trustees Consider And
Approve The Tuesday, February 20, 2018 (Rescheduled From Tuesday, February 13, .=111
2018) Board Of Trustees Regular Meeting Minutes.
"I WILL MAKE A MOTION TO APPROVE THE MINUTES." MOTION BY
BOARD MEMBER WATKINS. SECONDED BY CHAIRPERSON WITHEE.
DISCUSSION.
VOTE:
BOARD MEMBER WATKINS: AYE
VICE -CHAIRPERSON PARIS: AYE
BOARD MEMBER KROHN: AYE
CHAIRPERSON WITHEE: AYE
MOTION CARRIED.
PUBLIC HEARINGS AGENDA
PUBLIC HEARINGS
400. Not Used
REGULAR AGENDA
REGULAR
500. Finance And Administration Services Department
The Finance And Administrative Services Department Is Requesting The Board Of
Trustees Receive From AndCo Consulting The Second Quarter Investment Return
Resort And To Enter Into Discussion.
Mr. Dave West, Senior Consultant, AndCo Consulting, 4901 Vineland Road, Suite 600,
Orlando, Florida: commented briefly on the recent volatility of the market and remarked
on the returns detailed in the investment report.
Continuing, Mr. West referenced Page 2 and provided a summary of financial figures. Mr.
West went on to discuss market strategies, one (1), three (3), and five (5) year numbers for
various funds and indexes, peer group rankings, and asset allocation. Mr. West noted, "No
change or recommendations to the target allocation at this time."
CITY OF WINTER SPRINGS, FLORIDA
MINUTES
BOARD OF TRUSTEES
REGULAR MEETING — MAY 10, 2018
PAGE 3 OF 3
Much discussion followed on market strategies, interest rates, the practice ofadequately
weighting the portfolio, real estate investments, appreciation and inflation rates, risk of the
portfolio's exposure and negative impacts, active and passive managers, asset (C�+
classification, portfolio construction and diversification, exploring alternative managers to
minimize risk with mention of hedge funds or industrial funds, and trade sanctions.
600. REPORTS
No Reports were given.
PUBLIC INPUT
Chairperson Withee opened "Public Input ".
Commissioner Kevin Cannon, P.O. Box 195698, Winter Springs, Florida: thanked Mr.
West and the Board Members for their efforts regarding the City's pension. In addition,
Commissioner Cannon commented on current events in the Middle East. Brief discussion
continued.
Chairperson Withee closed "Public Input".
ADJOURNMENT
Chairperson Withee adjourned the Regular Meeting 6;45 p.m.
RESPECTFULLY SUBMITTED:
ANTONIA DEJESUS
ASSISTANT TO THE CITY CLERK
NOTE: These Minutes were Approved at the 2018 Board of Trustees Regular Meeting.