RAYMOND L. VAUGHN

County Commissioner

Chairman

OKLAHOMA COUNTY

BUDGET BOARD

REGULAR MEETING

JAD HANNER

Trustee

FORREST  BUTCH  FREEMAN

County Treasurer

Vice-Chairman

Oklahoma County Office Building

 

JIM LILLY

Trustee

CAROLYNN CAUDILL

County Clerk

Secretary to the Board

320 Robert S. Kerr, Conference Room 201

Oklahoma City, OK 73102

BOB RAVITZ

Trustee

KEITH BLOCH

Trustee

P.D. TAYLOR

Trustee

2:30 p.m. June 25, 2012

1.                  Call to order.

 

2.                  Notice of the meeting was properly posted on Thursday, June 21, 2012.                                        

                                  

3.                  Approve the minutes of the meeting of May 21, 2012.

 

The following items, No. 4 through 8 are Consent Items and are routine in nature:

 

4.                  Discussion and possible action for approval of the June, 2012, Defined Benefit payroll.   This month there are 164 checks to be issued for 162 participants in the amount of $177,172.85. Last month, a one-time stipend of $700.00 was approved to be distributed with the June 30, 2012, Defined Benefit payroll.  This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board. (Document received)

 

5.                  Discussion and possible action for approval of Security Trades and Interest Report for May, 2012.   Mark Seikel, Chief of Investments, Oklahoma County Treasurer s Office, will address this item.  (Document received)

 

6.                  Discussion and possible action for approval of Outstanding Retirement Investments at Market Value of $9,986,276.49 and at Par Value of $9,608,563.58 as provided by the Bank of Oklahoma/LPL for May,              2012.  Mark Seikel, Chief of Investments, Oklahoma County Treasurer s Office, will address this item.  (Document received)

  

7.                  Discussion and possible action for approval of monthly investment and administration fees for May, 2012, in the amount of $25,220.97 submitted by InvesTrust.  Monthly investment and administration fees are paid out of the County General Fund.   This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

8.                  Discussion and possible action to approve funds to be transferred to escrow account for July, 2012, Mutual Fund Reimbursements to participants in the amount of $13,996.76.   The 2012 Mutual Fund Reimbursements to participants are paid out of the OKIE account.  This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

End of Consent Docket

 

 

9.                  Discussion and possible action for approval of Defined Contribution Retirement and Health Benefits for Cynthia White (Application No. 12-11).  Effective Date: June 8, 2012.  (Document received)

 

10.              Discussion and possible action for approval of Defined Contribution Retirement for Mark Stephens (Application No. 12-12).  Effective Date: June 30, 2012.  (Document received)

 

11.              Discussion and possible action for approval of Defined Contribution Retirement and Health Benefits for Ruth Walters (Application No. 12-13).  Effective Date: June 14, 2012.  (Document received)

 

12.              Discussion and possible action for approval of Defined Contribution Retirement and Health Benefits for David McKee (Application No. 12-14).  Effective Date: June 21, 2012.  (Document received)

 

13.              Discussion and possible action for approval of Defined Contribution Retirement and Health Benefits for Charles Hunt (Application No. 12-14).  Effective Date: June 21, 2012.  (Document received)

 

14.              Discussion and possible action to receive the monthly updated OKIE Forfeiture Account Activity and Projections. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board.  (Document received)

 

15.              Discussion and possible action for approval of the Consulting Services Agreement between Oklahoma County and CapRisk to perform annual actuarial valuation of the Defined Benefit Plan, to be effective July 1, 2012 and ending June 30, 2013.  This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form legality by Aaron Etherington, Assistant District Attorney. (Document Received)

 

16.              Discussion and possible action for approval of the Administrative Services Agreement between Oklahoma County and The Hartford 457 Plan to be effective July 1, 2012 and ending June 30, 2013.  This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form legality by Sandra Elliott, Assistant District Attorney. (Document Received)

 

17.              Discussion and possible action regarding an update from the Hartford.  This item is requested by Bob Ravitz, Member of the Retirement Board.

 

18.              Citizen s participation.  Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.

 

19.              New Business: In accordance with the Open Meetings Act, Title 25 O.S.   311.A.9, New Business is defined, as "any matter not known about or which could not have been reasonably foreseen prior to the time of posting the Agenda".

 

 

 

Adjourn at _____________ until 2:30 p.m., Monday, July 30th, 2012.

 

NAME OF PERSON REPORTING:   Carolynn Caudill, County Clerk                     

 

TITLE: SECRETARY TO:   Board of Trustees of the Employees Retirement System of Oklahoma County                                

 

SIGNATURE: Carolynn Caudill, by:                                   , Deputy.