OPEB Board Committee 2/9/2023

Other Post-Employment Benefits Trust                  

Board of Trustees Minutes

February 9, 2023

 

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A meeting of the OPEB Board of Trustees was held on February 9, 2023 in the offices located at 2910 Garden Street, Titusville, FL.

 

I.             Call to Order

Chairman Cook called the meeting to order at 11:00 AM in the offices located at 2910 Garden Street.  

 

II.            Determination of a Quorum

There was a quorum of the Board with five members present as follows: Chairman Kevin Cook, Vice-Chair Joe Denaro, Member Phyllis Smith, Member Amelia Robinson, Member Tom Abbate.  Scott Stitcher, PFM Asset Management was present. 

 

Others Present:  Secretary, Gail Gilchrist.

 

III.          Approval of Minutes – August 11, 2022

Motion to approve the minutes of August 11, 2022 by Member Abbate, seconded by Member Robinson, with all in favor.

 

IV.          New Business

  1. PFM Presentation of the December 31, 2022 Investment Performance

Board reviewed the investment performance for the quarter.  

Motion to approve presentation made by Member Robinson, seconded by Vice-Chair Denaro, with all in favor. 

  1. Approval of US Bank and PFM Invoices for June, 2022 – November, 2022

Motion to approve the above referenced invoices made by Member Abbate, seconded by Vice-Chair Denaro, with all in favor.

  1. Approval of Foundation Risk Partners invoice after the fact

Motion to approve Foundation Risk Partners invoice after the face was made by Member Abbate, seconded by Member Robinson, with all in favor.

  1. Ability to pay invoices in a not to exceed amount

Discussion ensued with the board agreeing to keep current procedures in place.

  1. Approve signature to receive US Bank Statements

Motion to approve signature to receive US Bank Statements was made by Member Abbate, seconded by Member Robinson, with all in favor.

 

  1. Old Business

 

  1. Requests from the Public/Employees Present 

 

  1. Adjournment

The meeting of the OPEB Board of Trustees adjourned at 11:37 A.M.  

 

A special meeting of the Board will be scheduled in April, 2023 for Budget Proposal for the City Manager.

 

The next regular meeting of the Board is scheduled for May 11, 2023 at 11:00 AM in the offices located at 2910 Garden Street.