Pension Advisory Committee, January 8, 2014

Date: 
Wednesday, January 8, 2014
Time: 
10:00 am
Minutes: 

ALACHUA COUNTY LIBRARY DISTRICT

PENSION ADVISORY COMMITTEE MINUTES

Wednesday, January 8, 2014 – 10:00 a.m.

Headquarters Library – Foundation Room

401 East University Avenue, Gainesville, Florida

 

 

Committee Members Present: Trustee Kim Worley (presiding), Trustee Ora White, Library Director Shaney T. Livingston, and Staff representative Guy Hudspeth

 

Committee Member Absent: Vivian Filer

 

Others Present: Alachua County Finance Director Todd Hutchison, ACLD Administrative Services Director Debra Jackson, and Assistant to the Library Director Terry Rasch. Bogdahn Group Representative Daniel Johnson participated in the meeting via conference phone.

 

I.              APPROVAL OF AGENDA

 

Ms. Worley called the meeting to order at 10:00 a.m. Ms. White moved approval of the Agenda. Mr. Hudspeth seconded the motion. Motion carried.

 

II.            MINUTES OF JULY 10, 2013

 

The Minutes were approved by consensus.

 

III.           UNFINISHED BUSINESS

 

There were no items submitted in this category.

 

IV.          NEW BUSINESS

 

A. Alachua County Library District Pension Trust Fund Performance Review Flash Report for the Period Ending December 31, 2013

 

Mr. Johnson, Bogdahn Group, presented the report. Mr. Hudspeth moved acceptance of the report as presented. Ms. White seconded the motion. Motion carried.

 

There was a brief discussion of rebalancing the portfolio. This will be placed on the next Committee agenda.

 

Ms. Livingston informed the Committee that all of the amendments prepared by USI Consulting, during the previous fiscal year, were accepted by the IRS and that we are now up-to-date in all areas.

 

 V.           INFORMATIONAL ITEMS THAT REQUIRE NO ACTION

 

There were no informational items.

 VI.          CITIZEN COMMENT

 

There were no citizen comments.

 VII.         ADJOURNMENT

 

The meeting was adjourned at 10:23 a.m.