09-11-1997
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Edgewater Police Pension Plan
Board of Trustees
P.O. Box 489
Edgewater, Florida 32132
Minutes
A meeting of the Board of Trustees of the City of Edgewater Retirement Board was called to order
at 6:00 p.m. on September II. 1997. at the Edgewater Community Center.
Call To Order:
Chairman Gary Conroy called the meeting to order. Members present were Ferd Heeb. Glenn
Bamhill. Gary Conroy. (Bill Lenz-abscnt). Ruth Garvey and Kathy Smith. Recording Secretary.
Karen Rickelman was also present.
Approval of Minutes:
After brief discussion. Ferd Heeb made a motion to accept the minutes of the July 14. 1997 meeting
as written. seconded by Ruth Garvey.
Ferd Heeb
Glenn Bamhill
Gary Conroy
Bill Lenz
Ruth Garvey
Motion carried 4 - 0
New Business:
yes
yes
yes
absent
yes
I) A balance sheet report from Principal was passed around by Gary Conroy.
2) Ferd Heeb discussed the GASB 25 & GASBE 27 Service Agreement and Karen
Rickelman explained the basic information from the packet.
Ferd Heeb made a motion to adopt the GASBE 25 and GASBE 27 Service Agreement and elect to
have Principal provide the necessary information for the City to make what ever accounting reports
they need. Ferd Heeb also recommended that the Chairman be authorized to sign the application
form. Glenn Bamhill seconded the motion.
Ferd Heeb
Glenn Bamhill
Gary Conroy
Bill Lenz
Ruth Garvey
Motion carried 4 - 0
yes
yes
yes
absent
yes
,
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Old Business:
I) Gary Conroy said he will send a letter to Mr. Sugarman in response to one received
by him explaining that we would not be joining in the lawsuit.
2) There was discussion of the 2nd quarter of the F.P.I. Briefly. Gary Conroy said
that he would have a representative from Principal come to the next meeting to make
a presentation.
3) There was brief discussion reference new deposits.
4) There was brief discussion reference summary of accounts.
5) As of September L 1997 Larry Westfall will no longer be on disability any more but
they are going to revert him to the regular retirement.
Miscellaneous:
I) We have been requested by Principal to do a survey to see if we are satisfied. Mr.
Heeb said that he would fill out the survey and send it to Principal.
2) Newsletter from F.P.P.T.A. reference upcoming school for the end of this month
which will be in St. Petersburg, one in January in Punta Gorde and in Ft. Lauderdale
next June.
Motion:
There being no further discussion a motion was made by Ferd Heeb to adjourn the meeting
and it was seconded by Ruth Garvey.
Ferd Heeb
Glenn Barnhill
Gary Conroy
Bill Lenz
Ruth Garvey
yes
yes
yes
absent
yes
Motion carried 4 - 0
Adjournment:
Meeting was adjourned at 6:35 p.m.