CITY OF HALLANDALE BEACH, FLORIDA

MEMORANDUM

DATE: May 8, 2007

TO:                  D. Mike Good, City Manager

FROM:            Mark Antonio, Assistant City Manager

SUBJECT:     Principal Financial Group Presentation – January 1, 2007 through March                            31, 2007 - Pension Investment Results

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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 May 16, 2007 regular City Commission meeting the Principal Financial Group (PFG) will present the investment results for the January 1, 2007 through March 31, 2007 quarter for the General Employees and Professional/Management Pension Plans.  Debi Fredrickson, Senior Relations Manager, will be making the presentation to the City Commission.   Based on travel commitments staff requests a time certain and expects the presentation to last fifteen minutes.  

Reviewed:

______________________________                               _________________

D. Mike Good, City Manager                                                        Date

____ Approved   ____ Denied    ____ Hold for Discussion

COMMENTS

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MA/ma