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HomeMy WebLinkAbout2011 05 10 Informational 100 - Summary of Pension Related Expenditures for Second Quarter of Fiscal Year 2011 BOT INFORMATIONAL Item 100 Quarter Ending 31- Mar -11 Accrual Basis City of Winter Springs Pension Plan Related Expenditures For the Period July 1, 2010 - September 30, 2010 4th Qrt 2010 1st Qrt 2011 2nd Qrt 2011 3rd Qrt 2011 Sep -10 Dec -10 Mar -11 Vendor Description Amount Amount Amount Amount Gabriel, Roeder, Smith & Company $ - $ - $ - Bogdan Consulting, LLC. $ 4,500.00 4,500.00 4,500.00 Lewis Longman & Walker $ 1,717.68 $ 1,029.68 $ 2,313.27 Investment Manager & Custodial Bank Cost: Lateef Quarterly Investment Management Fees $ 12,539.00 $ 14,322.00 $ 14,322.00 RBC Global Quarterly Investment Management Fees 6,916.75 8,001.95 8,853.64 Galliard Quarterly Investment Management Fees 2,863.94 3,014.77 3,143.86 Fifth 3rd Bank Quarterly Investment Management Fees 2,169.86 2,422.07 2,762.47 DGHM Quarterly Investment Management Fees 9,770.06 11,039.68 12,015.18 Intercontinental Quarterly Investment Management Fees - 3,134.25 3,545.00 • American Core Realty Quarterly Investment Management Fees 5,828.35 1,574.00 1,574.00 • Total Quarterly Fees and Expenses $ 46,305.64 $ 43,508.72 $ 46,216.15 $ - * Estimated, invoices not received City of Winter Springs , Florida STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS FIDUCIARY FUNDS For 6 Months Ended March 31, 2011 Defined Benefit Pension Trust Net Assets - Beginning Balance $ 20,946,948 Additions: Contributions: Employer :s' 1,295,182 Plan Members 40,057 Total Contributions 1,335,239 Investment Income: Net appreciation in Fair value of investments 2,278,146 Interest /Earnings 135,775 Nest Investment Income 2,413,921 Total Additions 3,749,160 Deductions: Benefits 526,764 Administrative Expenses 89,969 Total Deductions 616,733 Change in net Assets 3,132,427 Net Assets - Ending Balance $ 24,079,375 % Change in Net Assets... includes contributions 15.0%