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Atlantic Beach pension boards adopt 2006 meeting calendar; administrators remind trustees of filings and ethics rules
Summary
The Atlantic Beach Police Employees and General Employees Pension Boards adopted a 2006 meeting calendar and addressed routine administrative matters, including a trustee nomination, DROP payouts, an expense report, and staff reminders about a statutory filing and ethics gift-reporting thresholds.
At its Nov. 13 meeting, the Atlantic Beach Police Employees and General Employees Pension Boards adopted meeting dates for 2006 and handled administrative business including board membership updates, expense-report questions and reminders about statutory filings and ethics rules.
The board adopted dates for the police-side meetings — Feb. 26, May 28, Aug. 13 and Nov. 12 — and approved corresponding changes for the general side after brief scheduling discussion and a voice vote. Committee member (speaker 2) moved the calendar and the board recorded the motion as passed.
Trustee and personnel changes: Chair (speaker 1) announced that Trustee Jeff Newman will complete his term on Dec. 31 and is not seeking reappointment; Cody Miller accepted a nomination to fill an expiring seat beginning in January and will take that seat unopposed. Chair also noted two employees entered DROP on the police side and one DROP participant (Charles Green) passed away; the building-inspection payout was recorded as a DROP payout that contributed to an over-budget line in the expense report.
Administrative filings and ethics: Staff member (speaker 3) reminded trustees of a statutory amendment the staff described as requiring public-asset investments be made solely on a pecuniary basis and that a required report and the investment policy statement must be filed every two years (staff said the filing is due by Dec. 15). Staff also reviewed state ethics rules for gifts: gifts $100 or more should be returned or donated and may require reporting; gifts between $25 and $100 have reporting requirements for the giver; gifts under $25 require no reporting, according to staff remarks.
Expense report and logistics: The board reviewed an expense report provided by Britney (the administrator named in the transcript) and noted several items were over budget because DROP lump-sum payments are not part of the regular operating budget. Chair also asked about virtual attendance for May and directed staff to confirm logistics.
Next steps: Staff said it will file the statutory report and the administrator will circulate calendar and logistics information to trustees. The board adjourned after closing remarks.
