HomeMy WebLinkAbout2018 05 10 Board of Trustees Regular Meeting MinutesCITY OF WINTER SPRINGS. FLORIDA
MINUTES
BOARD OF TRUSTEES
REGULAR MEETING
MAY 10, 2018
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 Krol -nn, 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
ANVARDS AND PRLSE\TATIONS
100. Not Used
INFORMATIONAL AGENDA
I\FORMATIOtiAL
200. Not Used
PUBLIC INPUT
Chairpersor, Yt'ithee openecl "Public Input ".
No one spoke.
Chairperson Withee closed "Public- Input ".
CITYOFWINTER SIR .65 -tORIDA
MINi_-TES
BOARD OF TRUSTEES
RF Ui-i.AR MEFTI\G - MAY ]0.2(_il8
PAGE ' CT 3
CONSENT AGENDA
C0N`;E.\T
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,
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
Report And To Enter Into Discussion.
_tfr. Daiv Rest. Senior Consldtant, AndCO Cons111th7g, 4901 Fineland 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 fiends and indexes, peer group rankings, and asset allocation. Mr. West noted, -No
change or recommendations to the target allocation at this time."
1TY {?F \ t�TFR ti u, _{-rti. TI-( )RIDA
MIT NL J FS
BOARD OF TRUSTEES
Rf OULAR MUTING MAY 10.2018
P%CE 3 t)F 3
Much discussion followed on market strategies. interest rates, the practice of adequately
weighting the portfolio, real estate investments, appreciation and inflation rates. risk of the
portfolio's exposure and negative impacts, active and passive managers. asset
classification, portfolio construction and diversification, exploring alternative managers to
minimize risk with mention of hedge funds or industrial fluids. and trade sanctions.
600. REPORTS
No Repents were given.
PUBLIC INPUT
Chcrirper.son TVithee of?enecl "Public: byntt„
C'oninaissioner KeOn Cannon. P.O. Box 195698, TEinter Springs, Florida: thank -ed Mr.
Vilest and the Board Members for their efforts regarding the City's pension. In addition.
Commissioner Cam -ion commented on current events in the Middle East. Brief discussion
continued.
Chairperson Withee closed "Public 1771911t".
ADJOURNMENT
Chairperson Withee adjourned the Regular Meeting 6:45 p.m.
RESPECTFULL?', UBi UTTED:
ANT IA PE, �, r
ASSISTANT r . 'THE, C 1' CLERK
NOTE: These Minutes were. Approved at the Thursday, August 9.. 2018 Board of Trustees Regular Meetiig.