| | 1. | | | Call to Order | | |
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| | 2. | | | Roll Call | | |
Roll call
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| | 3. | | | Pledge of Allegiance | | |
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| | 4. | | | Trustee Appointment | | |
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ID# 23-1179
| 1 | a. | | Informational Item | City Council Resolution 22-039 Appointing Three Members; Ratifying the City Manager’s Appointment of One Member; Ratifying Two Members Elected by Active Plan Members; Acknowledging the Ninth Member Chosen By the Board. | | |
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| | 5. | | | Election of Chairman, Vice Chairman, and Secretary | | |
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| | 6. | | | Adoption of Minutes | | |
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ID# 23-1180
| 1 | a. | | Action Item | August 10, 2022 Minutes | adopted | Pass |
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| | 7. | | | Consent Agenda | | |
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ID# 23-1181
| 1 | a. | | Action Item | August 2022 Retiree Benefit Payments $201,455.92 | | |
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ID# 23-1182
| 1 | b. | | Action Item | September 2022 Retiree Benefit Payments $200,383.15 | | |
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ID# 23-1183
| 1 | c. | | Action Item | October 2022 Retiree Benefit Payments $203,667.54 | | |
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ID# 23-1184
| 1 | d. | | Action Item | November 2022 Retire Benefit Payments $203,667.54 | | |
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ID# 23-1185
| 1 | e. | | Action Item | December 2022 Retiree Benefit Payments $203,667.14 | | |
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ID# 23-1186
| 1 | f. | | Action Item | January 2023 Retiree Benefit Payments $205,523.16 | | |
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ID# 23-1187
| 1 | g. | | Action Item | January 2023 Retiree Lump Sum Payment $ 35,665.84 | | |
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ID# 23-1188
| 1 | h. | | Action Item | Lorium Law (Oct - Dec 2022 Legal Fees) $ 3,000.00 | | |
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ID# 23-1189
| 1 | i. | | Action Item | Lorium Law (Jan - Mar 2023 Legal Fees) $ 3,000.00 | | |
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ID# 23-1190
| 1 | j. | | Action Item | Richmond Capital Management (July-Sept 2022 Management Fees) $ 4,373.00 | | |
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ID# 23-1191
| 1 | k. | | Action Item | Richmond Capital Management TIPS (July-Sep 2022 Management Fees) $ 917.00 | | |
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ID# 23-1192
| 1 | l. | | Action Item | Richmond Capital Management (Oct-Dec 2022 Management Fees) $ 4,449.00 | | |
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ID# 23-1193
| 1 | m. | | Action Item | Richmond Capital Management TIPS (Oct-Dec 2022 Management Fees $ 744.00 | | |
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ID# 23-1194
| 1 | n. | | Action Item | Burgess Chambers & Associates, Inc. (July-Sep 2022 Consulting Fee) $ 10,000.00 | | |
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ID# 23-1195
| 1 | o. | | Action Item | Burgess Chambers & Associates, Inc. (Oct-Dec 2022 Consulting Fee) $ 10,000.00 | | |
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ID# 23-1196
| 1 | p. | | Action Item | SSI Management Fee (July-Sep 2022 Management Fees) $ 5,772.00 | | |
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ID# 23-1197
| 1 | q. | | Action Item | SSI Management Fee (Oct-Dec 2022 Management Fees) $ 5,732.00 | | |
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ID# 23-1198
| 1 | r. | | Action Item | DANA (Jul-Sep 2022 Management Fees) $ 12,462.87 | | |
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ID# 23-1199
| 1 | s. | | Action Item | DANA (Oct-Dec 2022 Management Fees) $ 11,708.69 | | |
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ID# 23-1200
| 1 | t. | | Action Item | Fifth Third Administrative Fees (Jul-Sep 2022) $ 2,661.08 | | |
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ID# 23-1201
| 1 | u. | | Action Item | Fifth Third Administrative Fees (Oct-Dec 2022) $ 2,683.98 | | |
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ID# 23-1202
| 1 | v. | | Action Item | American Core Realty (July-Sep 2022 Management Fees) $ 7,533.20 | | |
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ID# 23-1203
| 1 | w. | | Action Item | American Core Realty (Oct-Dec 2022 Management Fees) $ 7,105.26 | | |
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ID# 23-1204
| 1 | x. | | Action Item | Foster & Foster - August 2022 $ 3,700.00 | approved | Pass |
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| | 8. | | | Consultant's Reports | | |
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ID# 23-1205
| 1 | a. | | Action Item | Presentation by Burgess Chambers & Associates, Inc. (Burgess Chambers)
i. Investment Report Quarter Ending 09/30/2022 | | |
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ID# 23-1206
| 1 | | | Action Item | ii. Investment Report Quarter Ending 12/31/2022 | | |
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ID# 23-1207
| 1 | b. | | Action Item | Presentation by Foster & Foster, Inc. (Sara Carlson)
i. City of Sanibel General Employees' Retirement Plan Actuarial Valuation
Report as of October 1, 2022 | approved | Pass |
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ID# 23-1208
| 1 | c. | | Informational Item | SSI Investment Management Quarterly Portfolio Report (Informational) | | |
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ID# 23-1209
| 1 | d. | | Informational Item | DANA Investment Management Quarterly Report (Informational) | | |
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| | 9. | | | Staff Liaison Report | | |
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ID# 23-1210
| 1 | a. | | Informational Item | Cash flow analysis prepared by Steven C. Chaipel, Deputy City Manager/CFO
i. FY 2022 Budgeted and Unaudited Actual | | |
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ID# 23-1211
| 1 | | | Informational Item | ii. FY 2023 Budgeted and Projected | | |
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| | 10. | | | New Business | | |
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ID# 23-1212
| 1 | a. | | Informational Item | Retiree Cost of Living Adjustments Effective October 1, 2022 (Informational) | | |
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ID# 23-1213
| 1 | b. | | Action Item | Authorize Signatures for Chairman, Vice Chairman, and Secretary | approved | Pass |
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ID# 23-1214
| 1 | c. | | Action Item | Ratification of 2023 Calendar Year Meeting Schedule | | |
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| | 11. | | | Reports | | |
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ID# 23-1215
| 1 | a. | | Informational Item | City Council Liaison | | |
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ID# 23-1216
| 1 | b. | | Informational Item | Attorney | approved | Pass |
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ID# 23-1217
| 1 | c. | | Informational Item | Chair | | |
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ID# 23-1218
| 1 | d. | | Informational Item | Secretary | | |
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| | 12. | | | Public Comment | | |
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| | 13. | | | Next Meeting Date | | |
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ID# 23-1219
| 1 | a. | | Informational Item | May 10, 2023 | | |
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| | 14. | | | Adjournment | | |
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