Owosso Employee's Retirement System Agenda

April 21, 2005 - 8:00am
City Council Chambers

CALL MEETING TO ORDER:

ROLL CALL:

APPROVE AGENDA:

APPROVE MINUTES OF FEBRUARY 17, 2005 REGULAR MEETING:

APPROVE PENSION CHECK REPORTS: 

1.      February, 2005                                     $97,096.42

2.      March, 2005                                          $92,740.68

APPROVE STATEMENTS:

1. Chemical Bank and Trust Company

February and March, 2005

2. Fifth Third Bank

February and March, 2005

3. City of Owosso Employees Retirement Fund

February and March, 2005

PAYMENT AUTHORIZATIONS: 

1. Chemical Bank and Trust Company

Administrative Fees

For Period 12/01/04 through 02/28/05                       $7,967.54

2. City of Owosso

2003-2004 Audit Costs                                             $4,640.00

COMMUNICATIONS:

1. Ronald J. Tobey, City Treasurer:  Report of Checks Written – February and March, 2005
2. Calamos Investments:  Resume of services.
3. Interfaith Center on Corporate Responsibility: 2005 Pharmaceutical Industry Shareholder Resolutions.

The following publications and conference announcements are on file with the City Clerk – if you would like to read them, please contact her:

• PlanSponsor: February and March, 2005.
• Miscellaneous Conference Announcements

OLD BUSINESS:

1. Expense Account Detail Report.  Ronald J. Tobey, City Treasurer
2. Done Away Fees Resolution Report: – Marie Vanerian, Merrill Lynch, and Brian Lee, Fifth third Bank
3. Discussion: Benefits Statement Form

NEW BUSINESS:

1. Gabriel, Roeder, Smith & Company – Presentation of 2004 Annual Report
2. Discussion: Investment Policy Update Proposal
3. Merrill-Lynch: Alternatives to small cap and international investments proposal.

 INVESTMENT MANAGER REPORT:

1. Investment Manager Report – Kirk Fisher, Chemical Bank and Trust Company
2. Merrill-Lynch:  First Quarter 2005 Executive Summary Report – Preliminary

NEXT BOARD MEETING:         June 16, 2005

ADJOURNMENT: