The URL can be used to link to this page

Home My WebLink About2009 10 27 Informational 100 Summary of Pension-Related Expenditures For The Fourth Quarter Fiscal Year 2009 Date: October 27, 2009 The attached document was distributed to the Board of Trustees at the October 27, 2009 Meeting during Informational Agenda Item 100. BOT-INFORMATIONAL Item 100 October 28, 2009 City of Winter Springs Peasion Plan Related Expenditures For the Period: July 1, 2009 -September 30, 2009 - Amount - Vendor Description Normal Costs Special Projects Administrative Costs: Retirement Plan Specialists Response to Florida Division of Retirement $ - $ 3,125.00 Total $ - $ 3,125.00 Bogdahn Consulting, LLC Quarterly Fee-4th Qtr Total Administrative Costs Investment Manager & Custodial Bank Costs: American Core Realty Quarterly Management Fee (Preliminary) DGHM Quarterly Management Fee Galliazd Quarterly Management Fee Lateef Quarterly Management Fee Voyageur Quarterly Management Fee Fifth Third Bank Quarterly Management Fee Total Investment Manager & Custodial Bank Costs $ 4,500.00 $ - $ 5,504.27 $ 3,125.00 $ 1,715.90 $ $ 5,168.18 $ $ 3,398.26 $ $ 9,453.00 $ $ 3,992.42 $ $ 1,004.27 $ $ 23,727.76 $ - Total All Costs this Period $ 29,232.03 $ 3,125.00 Retirement Plan Specialists, lac. Invoice 815 Eyrie Drive, Suite 2 Oviedo, FL 32765 BATE 1NV0lCE # 407-365-3490 5/1/2009 ssso elit_ ro City of Winter Springs Kevin Smith, City Manager 1126 East State Rd_ 434 Winter Springs, FL 32708 SHIP TO City of Winter Springs l 126 East State Rd, 434 Winter Springs, FI, 32708 ~ Project ~ QUANTIN/HOURS DESCRIPTION PRICE EACH AMOUNT 25 Cotttpletion of the response to Gabriel, Roeder, Smith & Company 125.00 3, 125.(Hl on April 30, 2009 with regards to the monitoring of your plan by the Bureau of Local Retirement Systems in the Division of Retirement as required by s. 1 t 2.63, F.S. and as requested in correspondence from Gabriel, Roeder, Smith & Company on March 20. 2009. Copies of the response were scot. ro Theorn P. Braccialarghe, FSA of Gabriel, Roeder, Smith & Company; Kevin Smith, City Manager; Keith Brinkman, Local Rctirtxnent Systtxn 8urcau Chief, Division of Retirement, Bureau of Local Retirement Systern~. ~~ ~ ~~ f ~~ ,~ T~ SIB -- DUE UPON RECE[PT :.l=d /'~' I S~~ ' 9~8/0~ Total s3, Izs.oo ~~ Bo ~~ GDAHN GROUP 340 West Central Avenue Suite 300 Winter Haven, FL 33880 Bill To Winter Springs Retirement System City of Winter Springs Att: Kevin Smith 1126 East State Road 434 Winter Springs, FL 32708 Invoice Date Invoice # 9/30/2009 4543 Description Amount Performance Evaluation and Consulting Services 4,500.00 7/1/2009-9/30/2009 r 6p ~v I Balance Due $4,500.00 ~~ ~~~ ~~Sa~o~ ~,~, Io ~ INVESTOR SUMMARY American Core Realty fund, LLC Winter Springs General Employee Retirement System Account No. For the Quarter Ended September 30, 20 9 - ELIMINARY DATA INVESTMENT VALUE September 30, 2009 Beginning Net Asset Value 06/30/09 $ 95,784.7226 7.4643 $ 714,963.81 Contributions - $ - - __-" _...-.._-_-__.r_._ Withdrawals - - - - .,~,_._ - Net Income Before Fees 9,591.73 ~_~ 9,591.73 Distributions Declared 09/30/09 .Z,]94~ ___.__ __ ___ Asset Mana ement Fees ` (1,715.90). (1,715.90) Available for Reinvestment/Distribution 5,433.73 (5,433.73) ' Amount Reinvested - _ __ - - ~~ ~ - __ _ _ _ _ - ___ y _ Distribution Pa able 5,433.73 - Unrealized Gain/(Loss) (78,399.42) (78,399.42) w_,___ ~ Realized Gain/(Loss) $ - - Endin¢ Net Asset Value 09/30/09 $ 85,608.6109 7.4643 I $ 639,006.49 Current Unit Value $_ 85,608.6109 Percentage Membership Interest in the fund ~~ -` ~ 0.05% PERFORMANCE HISTORY Income Return 1.34q° 3.97% 5.04% n/a n/a _ 4.74% Appreciation Return -10.94% -30.OOq° -35.98% n/a n/a ~-19.65% Total Return -9.60% -26.86% -32.36% n/a n/a ~~~ -i 5.60% Income Return 1.10% 3.23% 4.04% n/a n/a 3.71 q° _ Appreciation Return -10.94% -30.00% -35.98% n/a n/a -19.65% Total Return -9.84% -27.45% -33.08% n/a n/a -16.48% 4! Inception Date: 10/1/2007 • Annualized The returns above are for the Winter Springs General Employee Retirement System, include leveraged returns before (gross) and aher (neU the deduction of investment managem fees and reflect the reinvestment of some income. Past performance is not a guarantee o/future results and it is important to understand that the investments of the type included above pose the potential for loss of capital over any time period. The figures above are preliminary and subject to revision July 8, 2009 A Boston Ptivate Wealth Management Company 565 Fifth Avenue Suite 2101 New York, NY 10017-2413 212-557-2445 Fax 212-557898 3001 Tamiami Trail North Suite 206 Naples, FL 34103-0172 239-261-3555 Fax 239-261-5512 website: vvww.dghm.com "We are value investors. We focus on companies with improving fundamentals, priced at a discount to their peers. We believe these companies will deliver superior returns over a market cycle. " WINTER SPRINGS City of Winter Springs 1126 East State Road 434 Winter Springs, FL 32708 Dalton, Greiner, Hartman, Maher & Co., LLC. STATEMENT OF MANAGEMENT FEES For The Period June 30, 2009 Portfolio Valuation as of 06-30-09 2,986,057.83 2,986,058 @ 0.7500% per annum 5,598.86 Quarterly Management Fee 5,598.86 Prorated for 84 days out of 91 days 5,168.18 - { ,, .. 7F A~~ _~~~T _L"~~T ~..: L'.^,Y:F*a~..r~xL~F'.r. %t"fe ,{n`!1 y ~ 31 ~. ~~:P-~.ZM^!.~~ ~5,~~~c~.Y`~ ver,c ~ _~,. v c ~, rx~ . .. ..T ...itwYie 1: ~. .,,x 1 s.. ... M ~.... ~ tY ~"Y~. By Wire: Wachovia Bank ABA Number Account Name: a ton, Greiner Hartman, Maher & Co., LLC Account Number By Check: Dalton, Greiner, Hartman, Maher & Co., LLC 3001 Tamiami Trail North -Suite 206 Naples, FL 34103 Attention: Dolores Casaletto 1\\~~~ Dalton, Greiner, Hartman, Maher 6i Co, t.t r City of Winter Springs Kevin Smith Assistant City Manager 1126 East State Rd. 434 Winter Springs, FL 32708-2799 Phone: (407)327-1800 Fax: (407)327-4753 Quarter End Reference Account # Mode of Payment Month 6/30/2009 _ ~~ BILL Portfolio Market Value Fees 6/30/2009 Intermediate Mandate -Fund A 4,788,430.34 2,992.77 6/30/2009 TIPs Mandate 1,081,306.16 405.49 n Total Fees Due 3,398.26 ~~ ~t~IC Fee Schedule: On Quarter End Market Value Intermediate Mandate -Fixed Income Fund A .25% on assets under management TIPs Mandate .15% on assets under management S'~3 By Check: By wire: Wells Fargo Trust Operations Wells Fargo Bank, N.A NW 5159 ABA: PO Box 1450 Acct o: Minneapolis, MN 55485-5159 AcctName: rus ire nng FFC: Fee Processing in Payment of Invoice #22491800 Fee Processing / AU 09127 Prepared By : Linh Buoen Gaillard Capital Management Ph: 612.667.1160 Fax:866-682-8239 LATEEF I N V E S T M E N T M A N A G E M E N T July 20, 2009 Kevin Smith 1126 East S.R. 434 Winter Springs, FL 32708 Invoice for Investment Advisory Services Lateef Account ~ WINTER SPRINGS Billing Information Amount Billing Period: April 1, 2009 to June 30, 2009 Asset Value: $3,781,518.14 as of June 30, 2009 Fee Structure: 1% on initial $15,000,000; .75% from $15,000,000 to $30,000,000; .625% from $30,000,000 to $45,000,000; .50% over $45,000,000 (Minimum Fee $10,000 waived) FEE PAYABLE FOR PERIOD: $9,453.00 ORIGINAL INVOICE -Please remit payment directly to Lateef for the amount stated above. . _ $~ 6 ~~~ s~~ ~ ~ tus~~ hman hief inancialOfficer 300 DRAKES LANDING RD, STE I00 GREENBRAE, CA 94904 PHONE 415-4GI-3800 FAx 415-461-0436 WWW.LATEEF.COM ~~~~~~~® Voyageur Ass~r ~~G~T rNC. Kevin L. Smith City of Winter Springs Pension Fund 1126 East State Road 434 Winter Springs FL 32708 Fex Number 407-327-6694 f~~~'~ 0 3 2009 CITY OFD M ~~ ~~ Invoice Number .11569 Invoice Date: 07/13/2009 Billing Period: 04/01/2009 - 06/30/2009 Custodian Account Number: Account Number: INVESTMENT MANAGEMENT FEE For the Arrears Period o f 04/01/2009 to 06/30/2009 Account Name: City of Winter Springs Pension Fund Ending Market Value for Account Apri12009: 1,536,933.09 USD May 2009: 1,744,041.63 USD June 2009: 1,762,077.72 USD Average Market Value 1,681,017.48 USD Market Value Based Fees 1,681,017.48 @ 0.9500% x 90 / 360 Total Current Period Fees Total Amount Due Upon Receipt ~I~ 3,992.42 3,992.42 USD 3,992.42 USD r- .gi~,o°i If you have any questions, please call Portfolio Administration at 6 ] 2-376-7151 or 1-866-759-9083 or send an email to vambilling(a3voyageur.net [Keep this portion for your financial records] Invoice Number: 11569 Invoice Date: 07/13/2009 Billing Period: 04/01/2009 - 06/30/2009 - Custodian Account Number: Account Number: Account Name: City of Winter Springs Pension Fund Wire Instructions: Bank: US Bank Payment Mailing Address: ABA . GE)yd~UT Asssr M~wAGFMENT ING Accoun . PO Box 9195 RBC Wea t anagement Minneapolis, MN 55480-9934 Reference: Invoice 11569 Amount Due 3,992.42 USD Remittance Amount USD Mai! this portion with your payment Thank you jor your business. Ik^~Al ~I~ FIFTH THIRD BANK 200 East Robinson Street 9th Floor ~~ MD 1MOB2D ~~ Orlando, FL 32801 ~~II~~~I~II~~~111~~~1~~1~~~1~11~~~1~~~11~1~1~~~1~1~11~~1~~~1 WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 ~__ FIFTH THIRD BANK Statement Of Administrative Fees Page Number: ~ Statement Date: August 06, 2009 Acct Name: WINTER SPRINGS PENSION PL LATEEF Account Number: r For Period Ending: July 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number Account Number Statement Date Period 2864320 August 06, 2009 For Period July 01, 2009 -July 31, 2009 Charge Description Gross Fee Adjustments Fees For Period R WINTER SPRINGS PENSION PL LATEEF Market Value Fees Net Market Value as of July 31, 2009:3,934,333.57 15,366,258.43 @ 0.0005 each annually x 1/12 7,683.13 640.26 Total Market Value Fees $163.93 Total Fees $163.93 These fees will be charged to your trust account. **No Bala ce Due** If you have any questions concerning your account, please contact 315-KIMBERLY KUTLENIOS at (407) 999-3027 Retain this portion for your records IH!'!I ~~ FIFTH THIRD BANK 200 East Robinson Street 9th Fioor MD 1MOB2D Orlando, FL 32801 „11,,,1,11,,,III,,,I„I,,,I,II,,,I,,,II~I,I,~,I,I,II„I,.,1 WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 Ik-~Al FIFTH THIRD BANK Statement Of Administrative Fees Page Number: 1 ~ Statement Date: August 06, 2009 Acct Name: WINTER SPRINGS PENSION PL DALTON Account Number: ~~ For Period Ending: July 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number Account Number Statement Date Period 2864322 August 06, 2009 For Period July 01, 2009 -July 31, 2009 Charge Description Gross Fee Adjustments Fees For Period Re INTER SPRINGS PENSION PL DALTON Market Value Fees Net Market Value as of July 31, 2009:3,117,694.10 15,366,258.43 @ 0.0005 each annually x 1/12 7,683.13 640.26 Total Market Value Fees $129.90 Total Fees $129 90 These fees aril! be charged to your trust account. **No Bala ce Due** If you have any questions concerning your account, please contact 315-KIMBERLY KUTLENIOS at (407) 999-3027 Retain this portion for your records INt7l ~~ FIFTH THIRD BANK 200 East Robinson Street 9th Floor ~~ MD 1MOB2D ~~ Orlando, FL 32801 ~~II~~~I~II~~~III~~~I~~I~~~I~II~~~I~~~II~I~I~~~I~I~II~~I~~~I WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 IL1AI ~~ FIFTH THIRD BANK Statement Of Administrative Fees Page Number: 1 Statement Date: August O6, 2009 Acct Name: WINTER SPRINGS PENSION TIPS Account Number: For Period Ending: July 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 2854481 Invoice Number Account Number Statement Date Period 2854481 August O6, 2009 For Period July 01, 2009 -July 31, 2009 Charge Description Gross Fee Adjustments Fees For Period Re~~ WINTER SPRINGS PENSION TIPS Market Value Fees Net Market Value as of July 31, 2009:1,048,864.64 15,366,258.43 @ 0.0005 each annually x 1/12 7,683.13 640.26 Total Market Value Fees $43.71 Total Fees $43.71 These fees will be charged to your trust account. **No Bala ce Due`* If you have any questions concerning your account, please contact 315-KIMBERLY KUTLENIOS at (407) 999-3027 Retain this portion for your records ~~~~~ FIFTH THIRB BAI~IK 200 East Robinson Street 9th Floor MD 1MOB2D Orlando, FL 32801 ~~IL~~I~II~~JII„~1~~6~~I~II~~~L~~ILLI~~~LI~IL~L~~1 WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMI71i 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 If1--1!"71 ~~ FIFTH THIRD BA1~IK Statement Of Administrative Fees Page Number: 1 Statement Date: September 04, 2009 Acct Name: WINTER SPRINGS PENSION TIPS Account Number: For Period Ending: August 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number Account Number Statement Date Period 2676443 September 04, 2009 For Period August 01, 2009 -August 31, 2009 Charge Description Gross Fee Adjustments Fees For Period Re:~~ WINTER SPRINGS PENSION TIPS Market Value Fees Net Market Value as of August 31, 2009:1,058,354.35 16,001,572.91 @ 0.0005 each annually x 1/12 8,000.79 666.73 Total Market Value Fees $44.10 Total Fees $44.10 These fees wil! be charged to your account. **No Bala ce Due** If you have any questions concerning your account, please contact 065-RICK MACHALA at (513) 358-9891 Retain this portion for your records Ik-1A1 ~r~ FIFTH THIRD BAI~IK 200 East Robinson Street 9th Floor MD 1MOB2D Orlando, FL 32801 ~~IL~~LII~~~III~~~L~L~~IJI~~~L~JI~I~L~~I~LIL,L~~I WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 i`r~ FIFTH THIRD BAI~IK Statement Of Administrative Fees Page Number: 1 Statement Date: September 04, 2009 Acct Name: WINTER SPRINGS PENSION GALLIARD Account Number: ~~ For Period Ending: August 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 2876441 Invoice Number Account Number Statement Date Period 2876441 September 04, 2009 For Period August 01, 2009 -August 31, 2009 Charge Description Gross Fee Adjustments Fees For Period Re~~ WINTER SPRINGS PENSION GALLIARD Market Value Fees as of August 31, 2009:4,812,519.35 Net Market Value . 16,001,572.91 @ 0.0005 each annually x 1/12 8,000.79 666.73 Total Market Value Fees $200.52 Total Fees $200.52 These fees will be charged to your account. **No Bala ce Due*'' If you have any questions concerning your account, please contact 065-RICK MACHALA at (513) 358-9891 Retain this portion for your records Ik,1Al ~~ FIFTH THIRD BAIPIK 200 East Robinson Street 9th Floor ~~ MD 1M062D ,~~ Orlando, FL 32801 ~~Ih~~LII~~JII~~~I~~I~~~IJt„~I~~~II~hh~~LI~II,J~~~l WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 IL-1!'71 ~~ Fi~'i'H TwTF2i~ BANK Statement Of Administrative Fees Page Number. 1 Statement Date: September O8, 2009 Acct Name: WINTER SPRINGS PENSION PL LATEEF Account Number: For Period Ending: August 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 2887168 Invoice Number Account Number Statement Date Period 2887168 September 08, 2009 For Period August 01, 2009 -August 31, 2009 Charge Description Gross Fee Adjustments Fees For Period R ~ WINTER SPRINGS PENSION PL LATEEF Market Value Fees Net Market Value as of August 31, 2009:4,147,568.90 16,001,572.91 @ 0.0005 each annually x 1/12 8,000.79 666.73 Total Market Value Fees $172.81 Total Fees $172.81 These fees viill be charged to your account. **No Bala ce Due** If you have any questions concerning your account, please contact 065-RICK MACHALA at (513) 358-9891 Retain this portion for your records Ik-~111 ~~ FIFTH THIRD BANK 200 East Robinson Street 9th Floor MD 1MOB2D Orlando, FL 32801 ~~II~~~I~II~~JII~~~I~J~~~LII~~~h~~ILLI~~~Ll~lh~h~~l WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 Il-1!"tl. FIFTH THIRD BANK Statement Of Administrative Fees ~ Page Number. 1 Statement Date: September O8, 2009 Acct Name: WINTER SPRINGS PENSION PL DALTON Account Number: For Period Ending: August 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number Account Number Statement Date Period 2687169 September 08, 2009 For Period August 01, 2009 -August 31, 2009 Charge Description Gross Fee Adjustments Fees For Period Re: WINTER SPRINGS PENSION PL DALTON Market Value Fees Net Market Value as of August 31, 2009:3,277,428.27 16,001,572.91 @ 0.0005 each annually x 1/12 8,000.79 666.73 Total Market Value Fees $136.56 Total Fees $136.56 These fees will be charged to your account. "*No Bala ce Due*" If you have any questions concerning your account, please contact 065-RICK MACHALA at (513) 358-9891 Retain this portion for your records INAI ~~ FIFTH THIRD BAi~IK 200 East Robinson Street 9th Floor MD iM062D Orlando, FL 32801 ..IL.,I~II~~~IIL~~L~L~~LII~~~I~~~IhIJ~~~I~IJI,J~~~I WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 IL"'IL"~1. ~~ FIFTH THIRD BAI~IK Statement Of Administrative Fees Page Number: 1 Statement Date: September O6, 2009 Acct Name: WINTER SPRINGS PENSION PL - R&D Account Number: ~~ For Period Ending: August 31, 2009 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 2887166 Invoice Number Account Number Statement Date Period 2887166 September 08, 2009 For Period August 01, 2009 -August 31, 2009 Charge Description Gross Fee Adjustments Fees For Period Re~~ WINTER SPRINGS PENSION PL - RB:D Market Value Fees Net Market Value as of August 31, 2009:2,705,700.88 16,001,572.91 @ 0.0005 each annually x 1/12 8,000.79 666.73 Total Market Value Fees $112.74 Total Fees $112.74 These fees will be charged to your account. **No Bala ce Due** If you have any questions concerning your account, please contact 065-RICK MACHALA at (513) 358-9891 Retain this portion for your records