FMTF06-18-96 BOARD OF TRUSTEES
Florida 1Vlunicipal Trust Fund
Retirement Plan and Trust
for The
Firefighters and Police Officers
City of Longwood
Longwood City Commission Chambers
175 V1/. Warren Avenue
Longwood, Florida
QUARTERLY MEETING
MINUTES
June 18, 1996
Present: Sheila Wons
Michael Welsh
Joseph Mohr
Steve Kuiper
Monica Mitchell
Geraldine Zambri, City Clerk
Terry Armstrong, Recording Secretary
~ 1. CALL TO ORDER
With a quorum present, Ms. Zambri called the meeting to order at 6:15 p.m.
A. WELCOME 1VIONICA MITCHELL, FIFTH MEMBER
Ms. Zambri introduced Ms. Mitchell, the city's finance director, as the board's fifth member.
2. APPROVAL OF MINUTES OF MAY 22, 1996
Ms. Wons moved, 1VIr. Kuiper seconded, to approve the minutes of May 22, 1996, as
submitted. All members voting, "aye. "
3. ELECTION OF OFFICERS:
Ms. Wons nominated Mr. Kuiper for chairman. There being no other nominees, Mr.
Kuiper was approved by acclamation.
Mr. Kuiper nominated Ms. Wons as vice chair. There were no other nominations. Ms.
Wons, also, was approved by acclamation. She stated that she would accept.
Pension Board 6-18-96\1
Ms. Zambri turned the meeting over to Chairman Kuiper.
4. REVIEW AND DISCUSS:
A. FLORIDA LEAGUE OF CITIES LETTER DATED MAY 24, 199.6 -
RESPONSIBILITIES OF THE ;BOARD OF TRUSTEES.
Chairman Kuiper questioned as to the city attorney serving as attorney to this board. He,
further, questioned the need for an attorney to be brought in. Ms. Zambri stated that there
was no need to bring someone in at this point. Chairman Kuiper would keep an eye out
for someone should the need arise.
B. STATEMENT OF ACCOUI`1T AND INDIVIDUAL MEMBER
ACCOUNTS -FLORIDA MUNICIPAL PENSION TRUST FUND
Ms. Nlitehell indicated the date on this statement was for the month of April 1996. She
informed the board that this is a statement as awhole--for the entire fund.
5. DISTRIBUTION OF REVISED PLAN DOCUMENT
After the review of the revised Plan Doeumerrt, Ms. Zambri said it merely consisted of
technical changes by the state of Florida to the- document. It was approved the previous
night at the City Commission meeting and has not been signed yet. Ms. Mitchell instructed,
~ that upon receipt of the signed revised Plan Doeume~at to remove the old one out of section
four and insert the new one.
Questions were raised regarding fund investments. NIs. Mitchell. informed the members that
the trust enlisted professionals to invest the funds.
6. ESTABLISH QUARTERLY MEETING SCHEDULE
Chairman Kuiper felt there was no reason the board needed to meet. other than every three
months. Discussion ensued regarding the work schedule of the members serving as police
officers. There was a consensus that the next quarterly meeting would be September 10,
1996, the second Tuesday, at 6:15 p. m. and the: regular quarterly schedule would be the
third Tuesday every third month. Chairman K~~iper reiterated, unless a conflict with the
officers' work schedule.
7. ADJOURN
~ >E'ension Board 6-18-96\2
_ With all in favor, the meeting adjourned at 6:30 p.m.
~ ~
. ~ ,P~
Steve`~Kui er
P Terry A~instrong
Chairman Recording Secretary
~ /it~/~~
Date Approved
Pension Board 6-18-96\3