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2012 05 08 Informational 100 Summary of Pension Related Expenditures for the 2nd Quarter of FY12
BOT INFORMATIONAL Item 100 Quarter Ending 31-Mar-12 Accrual Basis City of Winter Springs Pension Plan Related Expenditures For the Period January 1,2012-March 31,2011 4th Qrt 2010 1st Qrt 2010 2nd Qrt 2011 3rd Qrt 2011 4th Qrt 2011 1st Qrt 2012 2nd Qrt 2012 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Vendor Description Amount Amount Amount Amount Amount Amount Amount Gabriel,Roeder, Smith & Company $ - $ - $ - $ - $ - $ - $ 86,688.00 Bogdan Consulting,LLC. $ 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 Lewis Longman &Walker $ 1,717.68 $ 1,029.68 $ 2,313.27 $ 1,300.98 $ 7,677.18 $ - $ 952.00 Investment Manager& Custodial Bank Cost: Lateef Quarterly Investment Management Fees $ 12,539.00 $ 14,322.00 $ 15,509.00 $ 15,900.00 $ 13,330.00 $ 14,800.00 $ 17,327.00 RBC Global Quarterly Investment Management Fees 6,916.75 8,001.95 8,853.64 9,374.02 8,130.55 7,713.48 8,577.12 Galliard Quarterly Investment Management Fees 2,863.94 3,014.77 3,143.86 3,271.16 3,400.84 2,808.87 3,156.14 Fifth 3rd Bank Quarterly Investment Management Fees 2,169.86 2,422.07 2,762.47 2,815.59 2,685.56 2,726.93 2,850.38 DGHM Quarterly Investment Management Fees 9,770.06 11,039.68 12,015.18 12,015.14 9,947.68 11,098.18 12,256.76 Intercontinental Quarterly Investment Management Fees - 3,134.25 3,545.00 3,610.75 3,620.00 3,620.00 American Core Realty Quarterly Investment Management Fees 5,828.35 1,574.00 1,574.14 1,935.97 1,975.09 1,930.00 Total Quarterly Fees and Expenses $ 46,305.64 $ 43,508.72 $ 47,403.29 $ 48,922.63 $ 43,089.72 $ 44,697.46 $ 136,307.40 City of Winter Springs , Florida Item 100 STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS FIDUCIARY FUNDS For 6 Months Ended March 31,2012 Defined Benefit Pension Trust Net Assets-Beginning Balance $ 22,040,847 Additions: Contributions: Employer 1,200,242.35 Plan Members 96,098 Total Contributions 1,296,340 Investment Income: Net appreciation in Fair value of investments 3,510,534 Interest/Earnings 196,551 Nest Investment Income 3,707,085 Total Additions 5,003,425 Deductions: Benefits 782,809 Administrative Expenses 178,615 Total Deductions 961,424 Change in net Assets 4,042,001 Net Assets-Ending Balance $ 26,082,848 Change in Net Assets...includes contributions 18.3% • GRSGabriel Roeder Smith & Company " Invoice Consultants &Actuaries One East Broward Boulevard . Suite 505 Date 7 Tnvoice # ^ - Fort Lauderdale, Florida 33301 (954) 527-1616 February 16, 2012 117763 Bill To: Please Remit To City of Winter Springs Defined Benefit Plan Dept. #78009 Gabriel Roeder Smith&Company 0\L_ PO Box 78000 Detroit,Michigan 48278-0009 Mr. Shawn Boyle L62)� or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith &Company 1126 East State Road 434 JPMorgan Chase,ABA Winter Springs,Florida 32708 Accountai Description Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 and our Engagement Letter dated November 5, 2010 as follows: ➢ Preparation and delivery of Phase I Actuarial Study(12/16) $4,862 Invoice Total $4,862 Paid to Date $0 Client No. 3221-001 Amount Due $4,862 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 Invoice# Fort Lauderdale,Florida 33301 (954) 527-1616 February 16,2012 117764 Bill To Please-Remit To:" City of Winter Springs Defined Benefit Plan Dept.#78009 Gabriel Roeder Smith &Company PO Box 78000 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith &Company 1126 East State Road 434 JPMorgan Chase,ABA Winter Springs,Florida 32708 Account#: MIS ., Description - - - Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 and our Engagement Letter dated November 5, 2010 as follows: ➢ Preparation and delivery of Phase II Actuarial Study including ten (10) year projections (2/3) including meeting to discuss results(3/2) $12,864 > Preparation and delivery of updated Phase II Actuarial Study (including Plan Freeze or Termination) including ten (10) year projections (2/14) No charge > Preparation and delivery of updated Phase II Actuarial Study (including modeling two (2) additional alternate unreduced early retirement eligibilities) including ten (10) year projections (3/11) $5,996 Invoice Total $18,860 Paid to Date $0 Client No. 3221-001 Amount Due $18,860 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company Invoice Consultants &Actuaries ` , One East Broward Boulevard Suite 505 Date Invoice# . Fort Lauderdale,Florida 33301 (954) 527-1616 February 16, 2012 117765 Bill To: Please Remit To: City of Winter Springs Defined Benefit Plan Dept.#78009 Gabriel Roeder Smith &Company PO Box 78000 663 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase,ABA r — Winter Springs, Florida 32708 Account Description.- Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 and our Engagement Letter dated March 23, 2011 as follows: ➢ Preparation and delivery of Phase III Actuarial Study including ten (10) year projections (4/4) $8,642 Invoice Total $8,642 Paid to Date $0 Client No. 3221-001 Amount Due $8,642 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company -°°- Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 Date Invoice:# Fort Lauderdale,Florida 33301 (954) 527-1616 February 16,2012 117766 Bill To: Please Remit To City of Winter Springs Defined Benefit Plan Dept. #78009 Gabriel Roeder Smith&Company PO Box 78000 (153' Detroit, Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase, AB Winter Springs,Florida 32708 Account Description Amount _ Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 and our Engagement Letters dated May 6, 2011 and May 23, 2011 as follows: ➢ Work on Phase IV Actuarial Study through May 20, 2011 under our Engagement Letter dated May 6, 2011 $1,860 ➢ Completion and delivery of Revised Phase IV Actuarial Study under our Engagement Letter dated May 23, 2011 $8,840 Invoice Total $10,700 Paid to Date $0 Client No. 3221-001 Amount Due $10,700 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company / Invoice Consultants &Actuaries - _ ' One East Broward Boulevard Suite 505 Date Invoice_# Fort Lauderdale, Florida 33301 (954) 527-1616 February 16, 2012 117767 Bill.To Please Remit To: City of Winter Springs Defined Benefit Plan Dept. #78009 Gabriel Roeder Smith&Company 0 PO Box 78000 [ Detroit,Michigan 48278-0009 Mr. Shawn Boyle �J or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase, ABAgMMIIIIIp Winter Springs,Florida 32708 Account - Description`: " Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17,2009 as follows: V FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ended March 31,2011 including: $2,215 > Progress work on the October 1, 2010 Actuarial Valuation including data request (10/26) ➢ Attendance via telephone to present key results of the October 1, 2009 Actuarial Valuation(11/9) > Completion and delivery of the October 1, 2010 Individual Employee Benefit Statements including administrative composite listing (12/21) V SPECIAL CONSULTING SERVICES rendered during the period October 1, 2010 through December 31, 2010 including: ➢ Estimate of Early Retirement Income(Cheney- 12/10) $300 > Calculation of present value of benefits accrued during marriage(Forrest- 12/17) $300 > Calculation of present value of benefits accrued during marriage(Rivera- 12/17) $300 Invoice Total $3,115 Paid to Date $0 Client No. 3221-001 Amount Due $3,115 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company =' Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 Date Invoice# Fort Lauderdale,Florida 33301 (954) 527-1616 February 16,2012 117768 Please Remit To: Sill To: ." - City of Winter Springs Defined Benefit Plan Dept.#78009 0 t(1— Gabriel Roeder Smith&Company PO Box 78000 (163 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase,ABA Winter Springs,Florida 32708 Account Description - "Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 as follows: ✓ FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ended June 30, 2011 including: $2,215 > Completion and delivery of the October 1, 2010 Actuarial Valuation (2/28) V SPECIAL CONSULTING SERVICES rendered during the period January 1, 2011 through March 31, 2011 including: > Estimate of Early Retirement Income (Forrest-2/9) $300 > Estimate of Early Retirement Income(Rivera-2/9) $300 > Calculation of Early Retirement Income(Brookover-3/10) $300 > Response to auditor's questionnaire (3/3) $595 > Preparation for and attendance at Board meeting (3/31) $1,220 Invoice Total $4,930 Paid to Date $0 Client No. 3221-001 Amount Due $4,930 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 Date Invoice# Fort Lauderdale, Florida 33301 (954) 527-1616 February 16, 2012 117769 Bill To: Please Re nit To City of Winter Springs Defined Benefit Plan Dept. #78009 D Gabriel Roeder Smith&Company PO Box 78000 C:63 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase, ABA111111111.1. Winter Springs, Florida 32708 Account Description Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 as follows: ✓ FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ended September 30, 2011 including: $2,217 > None • SPECIAL CONSULTING SERVICES rendered during the period April 1, 2011 through June 30, 2011 including: > Calculation of Early Retirement Income(Baker, Farnum-2,Goodall, Graham) (4/4) $1,500 > Calculation of Early Retirement Income including updates for final pay information (Cable, Custidero,Mingea, Smith,Wilson) (6/14, 6/29) $2,250 > Calculation of Early Retirement Income(Riddick, Simpson,Tolleson) (6/29) $900 > Estimate of Deferred Vested Retirement Income(Frein) (6/29) $300 > Preparation and delivery of exhibit showing life expectancies at various ages for members based on mortality assumptions in the October 1, 2010 Actuarial Valuation Report(4/8) $495 > Preparation for and attendance at Board meeting (4/12) $1,220 Invoice Total $8,882 Paid to Date $0 Client No. 3221-001 Amount Due $8,882 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company Invoice Consultants &Actuaries One East Broward Boulevard Nu:_ `` Suite 505 Date- -Invoice# Fort Lauderdale,Florida 33301 (954) 527-1616 February 16,2012 117770 Bill Toc Please Remit To City of Winter Springs Defined Benefit Plan Dept.#78009 D\ Gabriel Roeder Smith&Company PO Box 78000 (6 ." Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase,ABA Winter Springs,Florida 32708 Account Description _ Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17,2009 as follows: ✓ FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ended December 31, 2010 including: $2,215 ➢ Completion and delivery of the October 1,2008 Actuarial Valuation (8/9) ➢ Completion and delivery of the October 1, 2009 Individual Employee Benefit Statements including administrative composite listing(9/16) ➢ Completion and delivery of the October 1,2009 Actuarial Valuation (9/24) ✓ SPECIAL CONSULTING SERVICES rendered during the period July 1,2010 through September 30, 2010 including: ➢ Calculation of Early Retirement Income(Alamina-7/1) $300 ➢ Calculation of Early Retirement Income (Hill-9/7) $300 ➢ Calculation of Early Retirement Income (Pula- 9/7) $300 ➢ Regular consulting and administrative services including preparation and delivery of exhibit detailing the determination of covered payroll for the October 1, 2009 Actuarial Valuation(9/28) $295 Invoice Total $3,410 Paid to Date $0 Client No. 3221-001 Amount Due $3,410 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company - Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 -Date = -Invoice-# . Fort Lauderdale,Florida 33301 (954) 527-1616 February 16, 2012 117771 Bill To Please Remit To City of Winter Springs Defined Benefit Plan Dept.#78009 t . Gabriel Roeder Smith&Company PO Box 78000 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase,ABA__ Winter Springs,Florida 32708 Account Description Amount Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 as follows: ■ FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ending December 31, 2011 including: $2,300 > Progress work on the October 1,2011 Actuarial Valuation including data request(9/30) ✓ SPECIAL CONSULTING SERVICES rendered during the period July 1, 2011 through September 30, 2011 including: > Updated Calculation of Early Retirement Income reflecting reduction due to payments to ex-spouse (Riddick-7/29) $300 > Actuarial review of Plan regarding Twenty (20) Year Certain and Life optional form of payment(9/2) $375 > Actuarial review of draft Defined Benefit Pension Resolution (9/30) $980 > Preparation and delivery of listing of terminated vested Firefighters as of October 1, 2010 (9/30) $390 Invoice Total $4,345 Paid to Date $0 Client No. 3221-001 Amount Due $4,345 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. 1 ' GRSGabriel Roeder Smith & Company Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 Date Invoice# Fort Lauderdale,Florida 33301 (954) 527-1616 April 9, 2012 118258 Bill To: Please Remit To: City of Winter Springs Defined Benefit Plan Dept.#78009 Gabriel Roeder Smith &Company PO Box 78000 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs FtiJ ! I Gabriel Roeder Smith &Company 1126 East State Road 434 JPMorgan Chase,ABAIIIIIIER Winter Springs,Florida 32708 Account Description _Amount _ Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 as follows: V FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ending June 30, 2012 including: $2,300 ➢ Progress work on the October 1, 2011 Actuarial Valuation ✓ SPECIAL CONSULTING SERVICES rendered during the period January 1, 2012 through March 31, 2012 including: ➢ Calculation of Early Retirement Income(Guglielmello- 1/20) $310 ➢ Preparation and delivery of Actuarial Impact Statement for Ordinances 2011-52 and 2011-57 including coordination with Plan Attorney and management on proposed Ordinance (3/2) $14,882 ➢ Calculation of Late Retirement Income(Sturdevant- 3/12, 3/20) $520 ➢ Calculation of Early Retirement Income(Paynter-3/12) $310 ➢ Calculation of Early Retirement Income(Nelson-3/12) $310 ➢ Calculation of Late Retirement Income(Ascano-3/12) $310 Invoice Total $18,942 Paid to Date $0 Client No. 3221-001 Amount Due $18,942 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRSGabriel Roeder Smith & Company Invoice Consultants &Actuaries One East Broward Boulevard Suite 505 Date Invoice# Fort Lauderdale,Florida 33301 (954) 527-1616 April 9, 2012 118258 Bill To. - - Please Remit To: . City of Winter Springs Defined Benefit Plan Dept.#78009 Gabriel Roeder Smith&Company PO Box 78000 Detroit,Michigan 48278-0009 Mr. Shawn Boyle or Finance and Administrative Services Director ACH Payment to: City of Winter Springs Gabriel Roeder Smith&Company 1126 East State Road 434 JPMorgan Chase, ABA Winter Springs,Florida 32708 Account glIllMMMP Description: Amount ..._z. Professional actuarial and consulting services as provided under our Agreement for Actuarial Consulting Services signed December 17, 2009 as follows: ✓ FIXED-FEE ACTUARIAL AND CONSULTING SERVICES for the quarter ending June 30, 2012 including: $2,300 ➢ Progress work on the October 1, 2011 Actuarial Valuation ✓ SPECIAL CONSULTING SERVICES rendered during the period January 1, 2012 through March 31, 2012 including: ➢ Calculation of Early Retirement Income (Guglielmello- 1/20) $310 ➢ Preparation and delivery of Actuarial Impact Statement for Ordinances 2011-52 and 2011-57 including coordination with Plan Attorney and management on proposed Ordinance(3/2) $14,882 ➢ Calculation of Late Retirement Income(Sturdevant-3/12, 3/20) $520 ➢ Calculation of Early Retirement Income(Paynter- 3/12) $310 ➢ Calculation of Early Retirement Income(Nelson- 3/12) $310 ➢ Calculation of Late Retirement Income (Ascano- 3/12) $310 Invoice Total $18,942 Paid to Date $0 Client No. 3221-001 Amount Due $18,942 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. GRS Gabriel Roeder Smith & Company One East Broward Blvd. 954.527.1616 phone Consultants & Actuaries Suite 505 954.525.0083 fax Ft.Lauderdale,FL 33301-1804 www.gabrielroeder.com April 9, 2012 Mr. Shawn Boyle Finance and Administrative Services Director City of Winter Springs 1126 East State Road 434 Winter Springs, Florida 32708 Dear Shawn: Please find enclosed two (2) copies of our Statement for Services rendered on behalf of the City of Winter Springs Defined Benefit Plan. This Statement is in the amount of$18,942 and covers professional actuarial and consulting fixed-fee services through the quarter ending June 30, 2012, along with special services rendered during the quarter ended through March 31, 2012. Please include a copy of the Statement with your payment to the address shown at the top of the Statement under the header Please Remit To. If you should have any questions concerning the above, please do not hesitate to contact us. Sincerest regards, Lawrence F. Wilson, A.S.A. Senior Consultant and Actuary Enclosures M THE Statement Date 4 5/1/2012 4901 Vineland Rd Suite 600 Orlando, FL 32811 To: Winter Springs Retirement System f'' Attn: Kevin Smith D t`°/ C.,Copy: Danielle Harker 6 , ,,, Amount Due Amount Enc. $4,500.00 Date Transaction Amount Balance 03/23/2012 INV#7551.Due 03/23/2012.Orig.Amount$4,500.00. 4,500.00 4,500.00 1-30 DAYS PAST 31-60 DAYS PAST 61-90 DAYS PAST OVER 90 DAYS CURRENT DUE DUE DUE PAST DUE Amount Due 0.00 0.00 4,500.00 0.00 0.00 $4,500.00 sa a` a�m� \�`e LEWIS 315 South Calhoun Street, Suite 830 saw®o LONGMAN & Tallahassee, FL 32301-1872 850-222-5702 ® WALKER I P.A. ral TaFnr: 850-224-9242 F edex I . #65-0500793 A T T O R N E Y S A T L A W See Things Differently' CITY OF WINTER SPRINGS Invoice 87867 1126 EAST S.R. 434 � April 6,2012 WINTER SPRINGS,FL 32708 ID:967-001 -JWL Re:PENSION MATTERS For Services Rendered Through March 31,2012 Current Charges Current Fees $252.00 Total Current Charges $252.00 Past Due Invoices Invoice Invoice Original Payments Date Number Amount and Credits Balance 03/06/12 87402 $140.00 $0.00 $140.00 $140.00 Total Due $392.00 Current Invoice Fee Recap Hours Rate/flour Amount JAMES W. LINN 0.90 280.00 $252.00 Q G P !�V0b 04°�� LEWIS 315 South Calhoun Street,Suite 830 Tallahassee, FL 32301-1872 _� LONGMAN & 850-222-5702 ��\gym V�/ALI/ P.A. Far: 850-224-9242 Federal Tax I.D. #65-0500793 A T T O R N E Y S A T L A W See Things Differently' CITY OF WIN 1'ER SPRINGS April 6, 2012 Re:PENSION MAl'IERS Invoice 87867 I.D. 967-001 - JWL Page 2 Fees Date Atty Description Hours 03/09/12 JWL TELEPHONE CONFERENCE AND CORRESPONDENCE WITH 0.50 CLIENT RE:VARIOUS PENSION MATTERS. 03/29/12 JWL ATTENTION TO INQUIRY RE:TRANSFER OF CONTRIBUTIONS 0.40 TO DEFINED CONTRIBUTION PLAN; TELEPHONE CONFERENCE WITH CLIENT. Total Hours 0.90 I_EW I S 315 South Calhoun Street, Suite 830 Tallahassee, FL 32301-1872 LONGMAN & r 850-222-5702 Fax 850-224-9242 WALKER I PA. Federal Tax I D #65-0500793 ATTORNEYS AT LAW See Things Differently' CITY OF WINTER SPRINGS Invoice 87402 1126 EAST S.R. 434 March 6,2012 WINTER SPRINGS,FL 32708 MAR 7 2 ciry-cr c•-, - ID:967-001 -JWL 1(;) Re:PENSION MATTERS For Services Rendered Through February 29,2012 Current Charges Current Fees $140.00 Total Current Charges $140.00 Total Hue- $140.00 r- Current Invoice Fee Recap Hours Rate/Hour Amount - JAMES W. LINN 0.50 280.00 $140.00 , b Vb -',.'.:\°=== LEWIS 315 South Calhoun Street, Suite 830 Tallahassee, FL 32301-1872 LONGMAN & —_° FL 32301-1872 WALKER I P.A. L Fax: 850-224-9242 Federal Tax D. #65-05-05 F 00793 0793 A T T O R N E Y S A T L A W See Things Differently® CITY OF WINTER SPRINGS March 6, 2012 Re:PENSION MA I IERS Invoice 87402 I.D. 967-001 - JWL Page 2 Fees Date Atty Description Hours 02/07/12 JWL ATTENTION TO INQUIRY RE: SB 2088; CORRESPONDENCE WITH 0.50 CLIENT. Total Hours 0.50 e6° m�0 f L EW I S 315 South Calhoun Street, Suite 830 Tallahassee, FL 32301-1872 LONGMAN & 850-222-5702 ` p In/ALKER j PA. Fax. 850-224-9242 Federal Tax I.D. #65-0500793 A T T O R N E Y S A T L A W I ' See Things Differently' CITY OF WINTER SPRINGS Invoice 1126 EAST S.R. 434 January 9,2012 WINTER SPRINGS,FL 32708 ID:967-001 -JWL r Re:PENSION MATTERS y( j I For Services Rendered Through December 31,2011 Current Charges Total Current Charges $0.00 Past Due Invoices Invoice Invoice Original Payments Date Number Amount and Credits Balance 09/06/11 84780 $4,208.00 $3,648.00 $560.00 $560.00 Total Due $560.00 ' ' JJ` ` JAN 11 2012 Crrf giF WINTER SPRINGS) =,,4A CE DEPARTMENT 3"9 LATEEF I N V E S T M E N T M A N A G E M E N T se:4111111■ April 20, 2012 L . Kevin Smith 1126 East S.R. 434 Winter Springs, FL 32708 Invoice for Investment Advisory Services Lateef Account# 2119 - WINTER SPRINGS Billing Information Amount Billing Period: January 1, 2012 to March 31, 2012 Asset Value: $6,931,153.85 as of March 31, 2012 Fee Structure: 1% of total asset value FEE PAYABLE FOR PERIOD: $17,327.00 ORIGINAL INVOICE-Please remit payment directly to Lateef for the amount stated above. Stu Le/chman Chief Financial Officer Lateef Investment Management _ 300 Drakes Landing Road, Suite 100 Greenbrae, CA 94904 Phone 415-461-3800 Fax 415-461-0436 www.lateef.com Lateef Account Fifth Third Account Billing Period _ 1/1/2012 to 3/31/2012 Market Market Date Value Value Delta 1/31/2011 $ 6,369,696.29 2/28/2011 $ 6,762,260.73 3/31/2011 $ 6,931,153.85 $ 6,914,941.79 $ 16,212.06 Per Per Lateef Fifth Third 04-304 Fee per invoice: $ 17,327.00 Fee per fee structure: Using 4 qtrs in a yr $ 17,327.88 $ 17,287.35 $ 40.53 No. of days invested in quarter 90 90 No. of days in quarter 90 90 Per Anna of Lateef at 415-461-3800 Difference between invoice and calculated fee $ (0.88) Fee Structure based on market value at the end of the quarter 1.0 % $0 - $15M .75 % $15 M - $30 M .625 % $30 M - $45 M .50 % > $45 M Minimum Fee of$10,000 S:\dept- Finance\2012 Schedules\Pension related 2012\Invoices\Investment Invoices - quarterly FY 12 Lateef 033112 5/2/2012 8:26 AM 1 of 1 , c RC3C Global Asset Management' Kevin L. Smith Invoice Number 18705 City of Winter Springs Pension Fund + Invoice Date: 04/18/2012 1126 East State Road 434 l jj Billing Period: 01/01/2012-03/31/2012 Winter Springs FL 32708 Custodian Account Number: Account Number: Fax Number 407-327-6694 INVESTMENT MANAGEMENT FEE For the Arrears Period of 01/01/2012 to 03/31/2012 Account Name: 4111101P - -- City of Winter Springs Pension Fund Ending Market Value for Account W129000: January 2012: 3,420,756.27 USD February 2012: 3,724,941.56 USD March 2012: 3,688,553.50 USD Average Market Value 3,611,417.11 USD Market Value Based Fees 3,611,417.11 @ 0.9500% x 90/360 8,577.12 Total Current Period Fees 8,577.12 USD Total Amount Due Upon Receipt 8,577.12 USD cc: Shawn Boyle City of Winter Springs Pension Fund 1126 East State Road 434 Winter Springs FL 32708 If you have any questions,please call Portfolio Administration at 612-376-7151 or 1-866-759-9083 or send an email to rbcgamusbilling @rbc.com. [Keep this portion for your financial records] Invoice Number: 18705 Invoice Date: 04/18/2012 Billing Period: 01/01/2012-03/31/2012 Custodian Account Number: CF-RSY8 Account Number: W129000 Account Name: City of Winter Springs Pension Fund Wire Instructions: Bank: US Bank Pay inent Mailing Address: ABA RBC Global Asset Management(U.S.)Inc. Account PO Box 9195 RBC Wealth Management Minneapolis,MN 55480-9934 Reference: Invoice 18705 Amount Due 8,577.12 USD Remittance Amount USD Mail this portion with your payment. Thank you for your business. RBC Global Asset Management (U.S.) Inc. Voyageur Asset Management Inc. (former name) PO Box 9195 _ Minneapolis, MN 55480-9934 Phone 612-376-7151 or 1-866-759-9083 Fax Voyaguer Account Fifth Third Account INCLUDES BOTH VOYAGEUR & AMERICAN REALTY MM Billing Period _ 1/1/2012 to 3/31/2012 VOYAGEUR ONLY- OTHER Market Market Date Value Value Delta 1/31/2012 $ 3,420,756.27 $ 3,420,756.01 $ 0.26 2/29/2012 $ 3,724,941.56 $ 3,724,940.72 $ 0.84 3/31/2012 $ 3,688,553.50 $ 3,688,553.39 $ 0.11 Three month Average $ 3,611,417.11 $ 3,611,416.71 $ 0.40 Per Per Voyageur Fifth Third 04-304 Fee per invoice: $ 8,577.12 Prorated Fee per fee structure based on the average market values at the end of each month Using no of days in qtr $ 8,577.12 $ 8,577.11 $ 0.01 No. of days invested in quarter 90 90 No. of days in year 360 360 Difference between invoice and calculated fee $ - OK Fee Structure: 0.9500 % per annum S:\dept- Finance\2012 Schedules\Pension related 2012\Invoices\Investment Invoices - quarterly FY 12 RBC 033112 5/2/2012 8:24 AM 1 of 1 Fee Invoice: 7440273 WELLS Account Number: *1111101111. 'FARGO Gaillard Capital Management For Period: 01/01/2012-03/31/2012 Invoice Date: 04/20/2012 Return To: City of Winter Springs- FUND A - - J Wells Fargo Bank, N.A. Attn: Shawn Boyle Trust Operations 1126 East State Rd.434 NW 5159 Winter Springs FL 32708-2799 r P.O. Box 1450 Minneapolis, MN 55485-5159 :63 $3,156.14 PAYMENT DUE UPON RECEIPT Account Name: City of Winter Springs- FUND A Contact: Heather Goserud 43250 Fuld Here Summary of Current Period Fees Charged Billed Total Investment Management $3,156.14 $3,156.14 Total Current Period Fees $3,156.14 $3,156.14 For billing questions, please contact Heather Goserud at 612-667-0281 or Stable Value Accounting at 612-667-8202. Incoming Wire Instructions: Wells Fargo Bank, N.A ABA: 121000248 Acct No: 12450091270054321 AcctName:Trust Wire Clearing FFC: Fee Processing in Payment of Invoice th000000: Fee Processing/AU 09127 PLEASE RETURN THIS PAGE WITH PAYMENT Page 1 Fee invoice: 7440273 ;WELLS Account Number: FARGO Gaillard Capital Management For Period: 01/01/2012-03/31/2012 Invoice Date: 04/20/2012 Account Name: City of Winter Springs- FUND A Contact: Heather Goserud 43250 Services Value/Quantity Rate Frequency Amount Investment Management Market Value 4,342,239.44 @ 0.0025 x 1/4 2,713.90 Market Value 1,179,316.21 @ 0.0015 x 1/4 442.24 Total Investment Management $3,156.14 Total $3,156.14 Summary Total Charged to Account $0.00 Total Billed $3,156.14 Payment Due $3,156.14 Page 2 Fee Invoice: 7440273 :WELLS Account Number: allalliala FARGO Gaillard Capital Management For Period: 01/01/2012-03/31/2012 Invoice Date: 04/20/2012 Account Name: City of Winter Springs- FUND A Contact: Heather Goserud 43250 Account Number Account Name Charged Billed Total 22491800GAL City of Winter Springs-FUND A $2,713.90 $2,713.90 440006395255GAL City of Winter Springs-TIPs $442.24 $442.24 Total $3,156.14 $3,156.14 Page 3 Galliard Capital Management 800 LaSalle Avenue, Suite 2060 Minneapolist, MN 55402-2033 Phone 612-667-3664 Fax 612-667-3223 Galliard Account Billing Period 1/1/2012 to 3/31/2012 Market Market Date Value Value Delta Fifth Third Account#111 Intermediate Mandate-Fund A "not incl cash" 1/31/2012 $ 4,337,766.59 2/28/2012 $ 4,342,239.44 3/31/2012 $ 4,342,239.44 $ 4,335,719.70 $ 6,519.74 Three month Average $ 4,342,239.44 $ 4,338,575.24 Per Per Galliard Fifth Third 04-304 Market Market Value Value Fifth Third Account TIPs Mandate "inci cash" 1/31/2012 $ 1,161,683.20 2/28/2012 $ 1,172,753.09 3/31/2012 $ 1,179,316.21 $ 1,169,231.45 $ 10,084.76 Three month Average $ 1,179,316.21 $ 1,167,889.25 Per Per Galliard Fifth Third 04-304 Fee per invoice: $ 3,156.14 Fee per fee structure: Using no of days in qtr $ 3,112.91 $ 3,105.16 $ 7.75 Intermediate 11/1/2007 opened No. of days invested in quarter 90 90 No. of days in quarter 90 TIPS 10/1/07 opened No. of days invested in quarter 90 90 No. of days in quarter 90 90 Difference between invoice and calculated fee $ 43.23 rounding Fee Structure based on market value at the end of the quarter Intermediate Mandate- Fund A 0.2500 % per annum TIPs Mandate 0.1500 % per annum S:\dept-Finance\2012 Schedules\Pension related 2012\Invoices\Investment Invoices-quarterly FY 12 Galliard 5/2/2012 8:33 AM 1 of 1 FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1MOB2D Page Number: 1 Orlando,FL 32801 Il ��l�ll���llle�l��l���l�ll���l�� ll�ll���l�l�ll ..A�l♦ Statement Date: April 05,2012 r _ WINTER SPRINGS DB PENSION PLAN Acct Name: WINTER SPRINGS PENSION PL DALTON �` 111111.11111 ATTN: KEVIN SMITH 5 Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: March 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 3585912 `4J✓ FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3585912 1111111111111111 April 05,2012 For Period March 01,2012-March 31,2012 Charge Description Gross Fee Adjustments Fees For Period .1~11-rWINTER SPRINGS PENSION PL DALTON Market Value Fees Net Market Value as of March 31,2012 : 6,338,109.49 23,664,654.75 @ 0.0005 each annually x 1/12 11,832.33 986.03 Total Market Value Fees $264.09 Total Fees $264.09 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account,please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records X31; FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1MOB2D Page Number: 1 Orlando, FL 32801 Statement Date: April 05,2012 Acct Name: WINTER SPRINGS PENSION PL-R&D WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: March 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 3585907 FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3585907 11111111110111. April 05,2012 For Period March 01,2012-March 31,2012 Charge Description Gross Fee Adjustments Fees For Period 111111111111111111110 WINTER SPRINGS PENSION PL-R&D Market Value Fees Net Market Value as of March 31,2012 : 5,423,267.19 23,664,654.75 @ 0.0005 each annually x 1/12 11,832.33 986.03 Total Market Value Fees $225.97 WINTER SPRINGS PENSION GALLIARD Market Value Fees Net Market Value as of March 31,2012 : 4,342,239.83 23,664,654.75 @ 0.0005 each annually x 1/12 11,832.33 986.03 Total Market Value Fees $180.93 Total Fees $406.90 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records 7 FIFTH THIRD BANK Statement Of Administrative Fees „uo Page Number: 2 Statement Date April 05,2012 IIIl I111I1II111III111j1111IIIIIIIIIIuIIIIIIIII Acct Name: WINTER SPRINGS PENSION PL-R&D WINTER SPRINGS DB PENSION PLAN Account Number: 11111111111111- ATTN: KEVIN SMITH For Period Ending: March 31,2012 1126 EAST STATE ROAD 434 Total Fee for Period: $406.90 WINTER SPRINGS, FL 32708-2715 Past Due Balance: $0.00 Total Balance Due: $0.00 Invoice Number 3585907 Invoice Number Account Number Statement Date Period 3786059 April 04,2012 For Period March 01,2012-March 31,2012 Charge Description Gross Fee Adjustments Fees For Period Amounts Billed/Charged to Each Account Total Due Direct Debits Balance Due WINTER SPRINGS PENSION PL- R&D 225.97 (225.97) 0.00 WINTER SPRINGS PENSION GALLIARD 180.93 (180.93) 0.00 Invoice Summary of Direct Debits $406.90 ($406.90) $0.00 FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees ---- MD 1MOB2D Page Number: 1 Orlando,FL 32801 Statement Date: April 10,2012 Acct Name: WINTER SPRINGS PENSION PL LATEEF WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: March 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 3598905 as)) FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3598905 April 10,2012 For Period March 01,2012-March 31,2012 Charge Description Gross Fee Adjustments Fees For Period WINTER SPRINGS PENSION PL LATEEF Market Value Fees Net Market Value as of March 31,2012 : 6,412,256.79 23,664,654.75 @ 0.0005 each annually x 1/12 11,832.33 986.03 Total Market Value Fees $267.18 Total Fees $267.18 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records s)• FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD Orllando,BFL 2D 32801 Page Number: 1 Statement Date: April 05,2012 Acct Name: WINTER SPRINGS PENSION TIPS WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: March 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. 0 Invoice Number: 3585910 moviort. FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3585910 111111111.1.1111111 April 05,2012 For Period March 01,2012-March 31,2012 Charge Description Gross Fee Adjustments Fees For Period WINTER SPRINGS PENSION TIPS Market Value Fees Net Market Value as of March 31,2012 : 1,148,781.45 23,664,654.75 @ 0.0005 each annually x 1/12 11,832.33 986.03 Total Market Value Fees $47.86 Total Fees $47.86 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records '/ FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1MOB2D Page Number: 1 Orlando, FL 32801 Statement Date: March 05,2012 irI1iti1d1rldl ImIllImIlIItirIwlllldirrldilliifiiil Acct Name: WINTER SPRINGS PENSION PL DALTON WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: February 29,2012 F Total Fee Due for Period: $0.00 .......41.r. , Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 3573998 n -- 41) C" FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3573998 IIIIIIIIII.MIP March 05,2012 For Period February 01,2012-February 29,2012 Charge Description Gross Fee Adjustments Fees For Period WINTER SPRINGS PENSION PL DALTON Market Value Fees Net Market Value as of February 29,2012 : 6,168,599.70 952.39 22,857,294.58 @ 0.0005 each annually x 1/12 11,428.65 Total Market Value Fees $257.03 Total Fees $257.03 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account,please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records -11b/14°' FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1 MOB2D ,C Orlando,FL 32801 Page Number: 1 Statement Date: March 05,2012 WINTER SPRINGS DB PENSION PLAN Acct Name: WINTER SPRINGS PENSION PL-R&D ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 4111111.11 WINTER SPRINGS, FL 32708-2715 For Period Ending: February 29,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 3573997 FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3573997 11111.11111111.9 March 05,2012 For Period February 01,2012-February 29,2012 Charge Description Gross Fee Adjustments Fees For Period tr� _WINTER SPRINGS PENSION PL-R&D Market Value Fees Net Market Value as of February 29, 2012 : 5,132,822.08 22,857,294.58 @ 0.0005 each annually x 1/12 11,428.65 952.39 Total Market Value Fees $213.87 WINTER SPRINGS PENSION GALLIARD Market Value Fees Net Market Value as of February 29,2012 : 4,337,766.98 22,857,294.58 @ 0.0005 each annually x 1/12 11,428.65 952.39 Total Market Value Fees $180.74 Total Fees $394.61 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees 1MOB2D Page Number: 1 Orlando,FL 32801 Statement Date: March 05,2012 WINTER SPRINGS DB PENSION PLAN Acct Name: WINTER SPRINGS PENSION TIPS ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: February 29,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 4 Amount will be charged directly to your account. Invoice Number: 3572284 1.1b/4'"a■-■ FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3572284 01111111111111! March 05, 2012 For Period February 01,2012-February 29,2012 Charge Description Gross Fee Adjustments Fees For Period `111111111111111111. WINTER SPRINGS PENSION TIPS Market Value Fees Net Market Value as of February 29,2012 : 1,155,535.09 22,857,294.58 C© 0.0005 each annually x 1/12 11,428.65 952.39 Total Market Value Fees $48.14 Total Fees $48.14 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records !i FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1MOB2D Page Number: 1 Orlando,FL 32801 , II��.I.11 JIl, I l,� l ll, 11 ll1I�I1 hl,II� I���1 Statement Date: March 05,2012 Acct Name: WINTER SPRINGS PENSION PL LATEEF WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 41.11 — 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: February 29,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. Invoice Number: 3572283 l/e a3/4 FIFTH THIRD THIRD BANK Invoice Number Account Number Statement Date Period 3572283 1111101111111.11. March 05,2012 For Period February 01,2012-February 29,2012 Charge Description Gross Fee Adjustments Fees For Period 4111.111111111111. WINTER SPRINGS PENSION PL LATEEF Market Value Fees Net Market Value as of February 29, 2012 : 6,062,570.73 22,857,294.58 @ 0.0005 each annually x 1/12 11,428.65 952.39 Total Market Value Fees $252.61 Total Fees $252.61 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records 171. FIFTH THIRD BANK Statement Of Administrative Fees °"°ffi" Page Number: 2 Statement Date March 05,2012 I II 'I'II 'Ill 'I I"' 'II"'f 'II'I'I'I Acct Name: WINTER SPRINGS PENSION PL-R&D WINTER SPRINGS DB PENSION PLAN Account Number: ATTN: KEVIN SMITH For Period Ending: February 29,2012 1126 EAST STATE ROAD 434 Total Fee for Period: $394.61 WINTER SPRINGS, FL 32708-2715 Past Due Balance: $0.00 Total Balance Due: $0.00 Invoice Number 3573997 Invoice Number Account Number Statement Date Period 3772335 111111111.11111 March 04,2012 For Period February 01,2012-February 29,2012 Charge Description Gross Fee Adjustments Fees For Period Amounts Billed/Charged to Each Account Total Due Direct Debits Balance Due _WINTER SPRINGS PENSION PL-R&D 213.87 (213.87) 0.00 i)IIIMIII-WINTER SPRINGS PENSION GALLIARD 180.74 (180.74) 0.00 Invoice Summary of Direct Debits $394.61 ($394.61) $0.00 FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1MOB2D Page Number: 1 Orlando,FL 32801 Statement Date: February 03,2012 11II11�I1II111I11iiii,�IIiiIIIIIIIIIlEIIIIIItIIIIIIIII Il�I Acct Name: WINTER SPRINGS PENSION PL-R&D WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: January 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 , . / Amount will be charged directly to your account. Invoice Number: 3544142 FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3544142 01111111111111 February 03,2012 For Period January 01,2012-January 31,2012 Charge Description Gross Fee Adjustments Fees For Period firillrAMWANN WINTER SPRINGS PENSION PL-R&D Market Value Fees Net Market Value as of January 31, 2012 : 4,824,448.41 911.96 21,887,004.11 © 0.0005 each annually x 1/12 10,943.50 Total Market Value Fees $201.02 —OMMIIIIIMO WINTER SPRINGS PENSION GALLIARD Market Value Fees Net Market Value as of January 31,2012 : 3,802,525.16 911.96 21,887,004.11 @ 0.0005 each annually x 1/12 10,943.50 Total Market Value Fees $158.44 Total Fees $359.46 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records FIFTH THIRD BANK Statement Of Administrative Fees — Page Number: 2 Statement Date February 03,2012 InIIu I IIIUnIIInuI nluIIliluIIIIIIIIiIJI Acct Name: WINTER SPRINGS PENSION PL-R&D WINTER SPRINGS DB PENSION PLAN Account Number: ATTN: KEVIN SMITH For Period Ending: January 31,2012 ""� 1126 EAST STATE ROAD 434 Total Fee for Period: $359.46 WINTER SPRINGS, FL 32708-2715 Past Due Balance: $0.00 Total Balance Due: $0.00 Invoice Number 3544142 Invoice Number Account Number Statement Date Period 3743424 gingaNIM. February 03,2012 For Period January 01,2012-January 31,2012 Charge Description Gross Fee Adjustments Fees For Period Amounts Billed/Charged to Each Account Total Due Direct Debits Balance Due WINTER SPRINGS PENSION PL-R&D 201.02 (201.02) 0.00 WINTER SPRINGS PENSION GALLIARD 158.44 (158.44) 0.00 Invoice Summary of Direct Debits $359.46 ($359.46) $0.00 ar FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees 1MOB2D Orlando, FL 32801 Page Number: 1 Statement Date: February 06,2012 WINTER SPRINGS DB PENSION PLAN Acct Name: WINTER SPRINGS PENSION PL LATEEF ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: January 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. {�•. Invoice Number: 3550865 FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3550865 February 06,2012 For Period January 01,2012-January 31,2012 Charge Description Gross Fee Adjustments Fees For Period WINTER SPRINGS PENSION PL LATEEF Market Value Fees Net Market Value as of January 31,2012 : 6,302,099.29 21,887,004.11 @ 0.0005 each annually x 1/12 10,943.50 911.96 Total Market Value Fees $262.59 Total Fees $262.59 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees MD 1MOB2D Orlando, FL 32801 Page Number: 1 �1ll 1l.IL..lLl.�J��L��l�IL��i��Ji�IJ���I�I�Il 11�.l Statement Date: February 03,2012 WINTER SPRINGS DB PENSION PLAN Acct Name: WINTER SPRINGS PENSION TIPS ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: January 31,2012 Total Fee Due for Period: $0.00 Past Due Balance: $0.00 Amount will be charged directly to your account. 6),(-4 e' Invoice Number: 3544145 1 FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3544145 11111.1111111111111 February 03,2012 For Period January 01,2012-January 31,2012 Charge Description Gross Fee Adjustments Fees For Period `! WINTER SPRINGS PENSION TIPS Market Value Fees Net Market Value as of January 31, 2012 : 1,152,093.20 21,887,004.11 @ 0.0005 each annually x 1/12 10,943.50 911.96 Total Market Value Fees $48.00 Total Fees $48.00 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account, please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records FIFTH THIRD BANK 200 East Robinson Street 9th Floor Statement Of Administrative Fees _- MD 1MOB2D Page Number: 1 ....LAM. Orlando,FL 32801 111111111111,111111111111/11111<<1I111II1I1I111I1I.II1111111 Statement Date: February 03,2012 Acct Name: WINTER SPRINGS PENSION PL DALTON WINTER SPRINGS DB PENSION PLAN ATTN: KEVIN SMITH Account Number: 1126 EAST STATE ROAD 434 WINTER SPRINGS, FL 32708-2715 For Period Ending: January 31,2012 \L/°' Total Fee Due for Period: $0.00 ,-,\, Past Due Balance: $0.00 0 Li t Amount will be charged directly to your account. ' ,._ii Invoice Number: 3544146 no i _.„........•■,,,I0/Simma FIFTH THIRD BANK Invoice Number Account Number Statement Date Period 3544146 4110111.111110 February 03,2012 For Period January 01,2012-January 31,2012 Charge Description Gross Fee Adjustments Fees For Period 41111111.11111111110WINTER SPRINGS PENSION PL DALTON Market Value Fees Net Market Value as of January 31, 2012 : 5,805,838.05 21,887,004.11 Cam? 0.0005 each annually x 1/12 10,943.50 911.96 Total Market Value Fees $241.91 Total Fees $241.91 These fees will be charged to your account. **No Balance Due** If you have any questions concerning your account,please contact 739-CRYSTAL MULLET at(407)999-3063 Retain this portion for your records DG t + . (--)t/ April 17, 2012 �[,/ Mr.Kevin L. Smith Invoice ID: 1336 City Manager City of Winter Springs 1126 East State Road 434 Winter Springs, FL 32708 Email:ksmith @winterspringsfl.org MANAGEMENT FEE: WINTER SPRINGS CITY OF WINTER SPRINGS For the Period 1/1/2012 through 3/31/2012 3/31/2012 Portfolio Value: $6,536,941.84 Quarterly Fee Based On: 0.75%on Market Value($6,536,942) $ 12,256.76 Quarterly Fee: $12,256.76 PLEASE REMIT PAYMENT TO: By Wire: Wells Fargo Bank NA ABA Number: Account Name: Dalton,Greiner,Hartman,Maher&Co.,LLC. Account Number: 2090001865061 Swift Code: WFBIUS6S By our/EFT. Wells Fargo Bank NA ABA Number: Account Name: Dalton,Greiner,Hartman,Maher&Co.,LLC Account Number: 2090001865061 By Check: Dalton,Greiner,Hartman,Maher&Co 3001 Tamiami Trail North,Suite#206 Naples,FL 34103 Attn:Dolores Casaletto Dalton, Greiner, Hartman, Maher& Co., LLC. 3001 Tamiami Trail North Suite 206 Naples, FL 34103 Phone 212-557-2445 Dolores Casaletto Fax 212-557-4898 www.dghm.com Dalton Account# Billing Period 1/1/2012 to 3/31/2012 Market mil Market III Date Value Value Delta Fifth Third Account#-_ "incl cash" 1/1/2012 $ 101,538.22 2/1/2012 $ 6,228,607.51 3/1/2012 $ 6,536,941.84 $ 196,134.66 $ 6,340,807.18 Three month Average $ 6,536,941.84 $ 2,175,426.80 Per Per DGHM Fifth Third • 04-304 Fee per invoice: $ 12,256.76 12,256.76 Fee per fee structure: Using no of days in qtr $ 12,223.19 _ $ 366.74 $ 11,856.45 Intermediate 4/8/2009 opened No. of days invested in quarter 91 91 No. of days in quarter 91 91 Difference between invoice and calculated fee $ 33.57 rounding Fee Structure based on market value at the end of the quarter 0.7500% per annum S:\dept- Finance\2012 Schedules\Pension related 2012\Invoices\Investment Invoices- quarterly FY 12 Dalton GHM r 4/19/2012 3:27 PM 1 of 1 10/31/2011 11/30/2011 12/31/2011 1/31/2012 2/28/2012 3/31/2012 4/3012012 5/30/2012 6130/2012 7/31/2012 8/31/2012 9130/2012 Account Cash(See R&D) - • - - - Account ' . Galliard Capital Mgmt CASH 216.39 216.39 216.39 216 39 216.39 216 39 OTHER 4,766,715 00 3,774,639.53 3,802,526.45 4,337,766.59 4,342,239 44 4,335,719 70 4,766,931 39 3,774,855.92 3,802,742.84 4,337,982 98 4,342,455.83 4,335,936.09 - - - - - Account WANIIIINSISINSIr Galliard-TIPS CASH 3,516.19 3,468.74 3,421.22 9,590.79 17,218.57 20,450.51 BONDS 1,140,147.13 1,142,466.37 1,138,227 76 1,152,092.41 1,155,534 52 1,148,780.94 1,143,663.32 1.145,935.11 1,141,646.98 1,161,683.20 1,172,75309 1,169,231.45 - - - - - - Account Laleet CASH 78,376.93 213,952.50 83.017 72 67,597.55 699,690.29 502,685.45 EQUITIES 6,019,525.36 5,769,481.02 5,835,935.90 _ 6,302,09844 6,062,570 44 6,412,256.34 6,097,902.29 5.983,433.52 5,918,953 02 6,369,696.29 6,762,260.73 6,914,941.79 - - - - - - Account Snow Capital CASH 171.57 171.57 171.57 171.57 171.57 - - - EQUITIES - - - - - - - - - 171.57 171.57 171.57 171.57 171.57 - - - - - - - Accou Dalton,Greiner,Hartman,Maher&Co. CASH 177,19570 126,038.56 63,61584 341,657.47 252,457.39 101,538.22 EQUITIES 5,607,340 28 5.630,484.38 5,674,941.68 5.613,830.63 5,992,815.43 6,228,607.51 Real Estate Investments 162,052.68 160,753.12 169,114.44 _ 177,549.32 175,783.88 196,134.66 5,946,588.66 5,917,276.06 5,907,671.98 6,133,037.42 6,421,056.70 6,526,280.39 - - - - - _ Accounl- R&D(CASH) 287,741.95 563,668,59 633,583.80 233,005.53 140,628.05 138,962.94 R&D(Fixed Income) 968,702.29 944,274.81 990,076.34 1,013,740 46 1,000,000.00 R&D(Equities) 689,560.22 689,560.22 698,325.50 698,297.43 698,297.43 698,297.43 R&D(OTHER) 3,371,129.47 3,236,171.74 3,136,046 02 3,420,756.01 3,724,940.72 3,688,553.39 R&D Total 4,348,431.64 5,458,703.24 5,412,230.13 5,342.135.31 5,577,606.70 5,525,813.76 - - - - _ formerly Voyageur Subtotal 22,303,688.87 22,279,775.42 22,183,418.50 23,344,706.77 24,276,304.62 24,472,203.46 - - . - - _ Master 22,303,688.87 22,279,77542 22,183,41850 23,344,70677 24,276,304.62 Delta - - - - - (24,472,203 48) - OK OK OK OK OK OK OK OK OK OK OK OK (1,235,379.39) (23,913.45) (96,356.92) 1,161,268.27 931,597.85 (24,276,304.62) - - - - - _ Master CASH 547,218 73 907,516.75 784,025 94 652,239.60 1,110,382.30 763,853.51 - - - - - - BONDS 1,140,747.13 1,142,466.37 1,136,227.76 1,152,092.41 1,155,534.52 1,148,760.94 - - - - - - Ftxed Income 966,702.29 944,274 81 990,076.34 1,013,740 46 1,000,000.00 - - _ - - - EQUITIES 12,376,425.66 12,069,525.62 12,209,203 08 12,614;226.50 12,753,683.30 13,339,16128 - - - - - _ Real Estate Investments 162,052.68 160,753.12 169,114.44 177,54932 175,783.88 196,13466 - - - - - _ OTHER 8.137,844 47 7,010,817.27 6,936,572.47 7,758,522.60 6,067,160.16 8,024,273.09 . - - - - _ 22,303,688 87 22,279,775.42 22,183,418.50 23,344,706 77 24,276,304.62 24,472,203.48 - - . - - S9dep1-Finance\2012 Schedules\Pension related 20121Rt/h Third Statements spreadshee12012 ' r 89 .