Employee Benefits Trust Fund

5790 Margate Boulevard City of Margate Margate, FL 33063 954-972-6454 www.margatefl.com Summary Agenda Employee Benefits Trust Fund Jacqueline Chin-Kidd, Chair Neil Sohn, Vice Chair Frank DiNatale, Secretary Michael Jones, Trustee Robert Kriplean, Trustee Todd Sherman, Trustee Joanne Simone, Trustee Thursday, June 17, 2021 2:30 PM Commission Chambers and Zoom.us Webinar ID: 830 5737 1344 https://us02web.zoom.us/j/83057371344 CALL TO ORDER ROLL CALL 1) PUBLIC DISCUSSION 2) MINUTES A. ID 2021-137 MOTION - APPROVING MINUTES DATED JANUARY 21, 2021 Attachments: 2021-0121 EBTF DRAFT.pdf B. ID 2021-148 MOTION - APPROVING MINUTES DATED FEBRUARY 18, 2021 Attachments: 2021-0218 EBTF DRAFT.pdf 3) PRESENTATION A. ID 2021-138 INVESTMENT MANAGEMENT PERFORMANCE UPDATE FROM GRAYSTONE CONSULTING Attachments: Margate 1Q 2021.pdf Margate Summary 1Q 2021.pdf B. ID 2021-248 MOTION - APPROVING AN ADDITIONAL SIGNER FOR MORGAN STANLEY C. ID 2021-265 MOTION - APPROVING THE ALLOCATION OF CITY FUNDS 4) INVOICES A. ID 2021-149 MOTION - APPROVING INVOICE FROM MIERZWA & FLOYD, P. A. City of Margate Page 1 Printed on 6/10/2021 12:04 PM Employee Benefits Trust Fund Summary Agenda June 17, 2021 Attachments: M & F - APRIL 2021 INVOICE.pdf B. ID 2021-139 DISCUSSION AND POSSIBLE ACTION - ONGOING INVOICES THAT ARE PAID PER CONTRACT 5) APPROVAL OF BENEFITS 6) DISCUSSION AND POSSIBLE ACTION A. ID 2021-151 ANCHOR BENEFIT CONSULTING (ABC) PROCEDURES Attachments: CoM's ABC 2021 Monthly Report_Redacted.pdf B. ID 2021-152 CLOSING THE WELLS FARGO BANK ACCOUNT C. ID 2021-247 MOTION - APPROVING NEW CONTRACT WITH MICHAEL P. MANGAN C. P A., P. A., FOR ACCOUNTING AND BOOKKEEPING SERVICES Attachments: Michael P Mangan C of M Engagement letter - 05-31-2021.doc D. ID 2021-249 MOTION - TO ACCEPT KABAT, SCHERTZER, DE LA TORRE, TARABOULOS & COMPANY’S (KSDT CPA) LETTER OF ENGAGEMENT, YEAR ENDING MAY 31, 2021 Attachments: Engagement Letter Update - year ending 05-31-2021.pdf E. ID 2021-266 ESTIMATE FOR ACTUARIAL REPORT 7) REPORT FROM ATTORNEY 8) REPORT FROM TRUSTEES 9) OTHER BUSINESS 10) SCHEDULE NEXT MEETING ADJOURNMENT If a person decides to appeal any decision made by the Board with respect to any matter considered at this meeting, the person will need a record of the proceedings, and for such purpose may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Anyone desiring a verbatim transcript shall have the responsibility, at his/her own expense, to arrange for the transcript. Any person with a disability requiring auxiliary aids and services for this meeting may call the City Clerk's office at 954-972-6454 with their request at least two business days prior to the meeting date. One or more members of the City Commission or advisory boards of the City of Margate may be in attendance and may participate at the meeting. City of Margate Page 2 Printed on 6/10/2021 12:04 PM Employee Benefits Trust Fund Summary Agenda June 17, 2021 The Margate EBTF will be holding this meeting through the use of electronic communication. Members of the public are invited to join the Margate EBTF meeting by accessing the meeting through Zoom using Webinar ID: 830 5737 1344 or can call in via telephone by calling one of the following phone numbers: US: +1 312 626 6799 or +1 929 205 6099. • A copy of the Agenda for this Meeting is posted on www.MargateFL.com and on the main bulletin board outside City Hall located at 5790 Margate Blvd, Margate, FL 33063. • Any comments related to any item on the agenda can be submitted to the Margate EBTF via the following e-mail address: JJKAVANAGH@margatefl.com. THROUGH THE CITY’S WEBSITE: Go to www.margatefl.com Go to “Agendas & Minutes” > Find the respective meeting date and click “Agenda Summary” to view the agenda items and see the Zoom meeting website address PRIOR to the start of the meeting, email Public Comments to JJKAVANAGH@margatefl.com (all public comments that are three (3) minutes or less will be read into the record.) ALTERNATE OPTION FOR VIEWING AND PARTICIPATING IN THE MEETING: THROUGH ZOOM TECHNOLOGY: Instructions for Attendees\Participants: Topic: “Virtual Meeting - Margate EBTF” Enter the following link to join the webinar: https://us02web.zoom.us/j/83057371344 Telephone: Dial (for higher quality, dial a number based on your current location): US: +1 312 626 6799 or +1 929 205 6099 Webinar ID: 830 5737 1344 To virtually raise hand and be acknowledged to speak: 1. Users who call in can dial *9 to raise their hand and dial *6 to toggle mute/unmute 2. If going through mobile (phone\tablet) app, to raise hand select "Participants", then see option to raise hand. 3. On the computer users should click "Participants" then see option to raise hand 4. Once you have been selected to speak, you will be prompted to unmute your device or stay muted. City of Margate Page 3 Printed on 6/10/2021 12:04 PM