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Trustees approve minutes, receive investment reports, renew custody agreement and ratify claims
Summary
At the May 14 meeting trustees approved the Feb. 12 minutes, received investment reports, renewed a custody agreement with BOK for an estimated $35,000 and ratified claims covering Feb. 12–April 2025; all motions passed unanimously.
Trustees of the Oklahoma City Post Employment Benefit Trust on May 14 approved routine administrative items including minutes, the receipt of investment reports, renewal of a custody agreement with BOK and ratification of claims. Each motion passed unanimously.
Early in the meeting the board approved the Feb. 12, 2025, minutes and formally received the quarterly and monthly investment reports after Jason Pujols presented the portfolio review; the chair called for motions and recorded unanimous votes to receive the reports.
Under agenda item 3e trustees considered Renewal No. 4 of the custody agreement with BOK for custody services, with an estimated cost of $35,000. Mr. Boggs, a BOK representative, was present to answer questions; trustees voted to approve the renewal unanimously.
The board then ratified claims for the period from Feb. 12, 2025, through April 2025 under item 3f; that motion also passed unanimously. Trustees had no additional comments from staff or interested parties and adjourned at 3:48 p.m.
These approvals are standard housekeeping actions required to maintain trust operations and vendor relationships.
