Fort Walton Beach Council agenda — 08-27-13--regular — reading text

Council Pending Page 1 of 1  51 City Council of Fort Walton Beach 0 To: CITY MANAGER MEMORANDUM Michael D. Beedie, City Manager From: Carole Jones, Executive Assistant Date: August 27, 2013 Subject: ACE Award - CHS - Arthi Balasubramanium ATTACHMENTS: 8 - 27 -13 ACE CHS Balasubramanium ( PDF) SIGNATURE BLOCK: Carole Jones Completed 08/ 20/2013 8: 33 AM Carole Jones Completed 08/ 20/ 2013 8: 33 AM City Manager Completed 08/ 21/ 2013 1: 57 PM City Council Pending Page 1 of 1  City of Fort Walton Beach Student Award for Civic Excellence This certificate is awarded to Arthi Balasubramanium Choctawhatchee High School Presented for outstanding student leadership in school, local, state and national government to high school students in the City of Fort Walton Beach, Florida. Ilu Mike Anderson Date: 8/ 31/ 13 City of Fan Walton Beach Mayor Attachment B - 21 -13 ACE CHS Balasubramanium ( 2416: ACE Award - CHS - Arthi Balasubramanium) u  8. 1 City Council of Fort Walton Beach 0 To: CITY MANAGER MEMORANDUM Michael D. Beedie, City Manager From: Carole Jones, Executive Assistant Date: August 27, 2013 Subject: Chamber of Commerce - Dog Park ATTACHMENTS: 8 -27 -13 Liza Jackson Dog Park ( PDF) SIGNATURE BLOCK: Carole Jones Completed 07/ 09/ 2013 4: 20 PM Carole Jones Completed 07/ 09/ 2013 4: 20 PM City Manager Completed 08/ 20/ 2013 3: 43 PM City Council Pending Page 1 of 1 T -  e.x 7 City Council of Fort Walton Beach 0 To: CITY MANAGER MEMORANDUM Michael D. Beedie, City Manager From: Carole Jones, Executive Assistant Date: August 27, 2013 Subject: Recreation Complex Project Update SIGNATURE BLOCK: Carole Jones Completed 08/ 15/ 2013 1: 27 PM Carole Jones Completed 08/ 15/ 2013 1: 27 PM City Manager Completed 08/ 20/ 2013 3: 52 PM City Council Pending Page 1 of 1  6.3 City Council of Fort Walton Beach FINANCE MEMORANDUM To: Michael D. Beedie, City Manager From: Brandy Ferris, Finance Director Date: August 27, 2013 Subject: Presentation of Quarterly Pension Reports ATTACHMENTS: 2013 -06 -30 Fort Walton Beach General ( quarterly report) ( PDF) SIGNATURE BLOCK: Brandy Ferris Completed 08/ 20/2013 8: 38 AM Carole Jones Completed 08/ 20/2013 8: 45 AM City Manager Completed 08/ 21/ 2013 3: 52 PM City Council Pending Page 1 of 1  D Fort Walton Beach General Employees' Pension Trust Fund Investment Performance Review 2nd Quarter 2013 vdw THE :+ l BOGDAHN GROUP. 4 W IX. 106DAH NGNVUP. C OM simpGjy n„ rt ". 1 ; f, P dut P0.13  U471 2nd Quarter 2013 Market Environment  The Market Env & Ba Major Market Index Performance As of Jun. ae 3a'- Dickens ' classic A Tale of Two Cities starts off with the proclamation ,' It was the best of times, 4 was the worst of times.. l This Is n appreprlate Quarter performance C discretion of 2013' s second quarter . In the first half of the period, the U. S. al Acwms IJ equity markets co enueb the strong win posted in the first quarter, which MSO ePlE saw double digit returns across many U. S.' Indice5. Equity markets were up M6ol Emery Mar 34% from the beginning of Apnt through late May Howevar, this reversed In June as the S& P 500 declined 1. 1 % off its high. stun of g n. e. e1130W The quarter started with a suronsing lobs report in April (* 165,000 new Iron arose. tom farm payroll jabs, which was above expectations), and In May the markets ell uxhCw 6 were It by a strong has In the Chicago Purchasing Managers Index fusser tom which was also unforeseen by market participants. This momentum was squashed when Fed Chairman Ben Bemanke at the May Fetlerel Open mays us egg Market Committee ( FOMC) meeting suggested the Fed might begin coleys us Toy Y tapering' of quantitative easing ( QE). Tread comments also foreshadowed enroes l u6 Tws do a potential culmination In 2014 of the bond purchasing program that has Its., was door hated market behavior for much of the past few years. away. So" I6 International stocks lagged during the Second quarter as evidenced by the Y 3+ aorh %all MSCI CAFE Intake return of QT %.Emerging stocks fared even worse with or 10. 0% op% IPon d.ox xox a. pv. xox a. o% the MSCI Emerging Markets Index down 8. 0 %. The performance gap for the - year -to -date period between developed international and emerging equities 1 - year Performance Is the widest a has been since the 1997- 98 time nod which be an with tM1 e infamous ' Asian Contagion 9" MsclM6G ACwms EAFE u` u` The U S. bond market, as represented by tM Barclays Aggregate Bond M6G Emep Mr's isis Index, fell 2. 3% in the second quarter of 2013. The 2. 3% decline was the