CITY OF HALLANDALE BEACH

MEMORANDUM

DATE:             July 31, 2008

TO:                  D. Mike Good, City Manager

FROM:            Mark Antonio, Assistant City Manager

SUBJECT:     Principal Financial Group Presentation – April 1, 2008 through June 30, 2008 - Pension Investment Results

______________________________________________________________________

PURPOSE

At the request of the City Commission, the Principal Financial Group (PFG) presents the quarterly results of the General Employees and Professional/ Management Pension Plans.

BACKGROUND/DISCUSSION

At the August 6, 2008 regular City Commission meeting the Principal Financial Group (PFG) will present the investment results for the April 1, 2008 through June 30, 2008 quarter for the General Employees and Professional/Management Pension Plans. Steve Geadelmann, Investment Manager and Donald Huegerich, Senior Relations Manager, will be making the presentation to the City Commission.  

Based on travel commitments, staff requests a time certain at 8:00 p.m. and expects the presentation to last fifteen minutes.  

Reviewed:

______________________________                               _________________

D. Mike Good, City Manager                                                        Date

____ Approved   ____ Denied    ____ Hold for Discussion

COMMENTS

______________________________________________________________________

______________________________________________________________________

______________________________________________________________________

MA/ma