The TMRS Board met on Friday, February 11 in Austin and this meeting was open to the public at the new TMRS building. I was able to attend in person. All TMRS board members were present at the meeting. TMRS Executive Director David Wescoe gave a report on some internal updates on staff and retirements. … Read more
The following members have been appointed to 2022-2023 GFOAT Nominating Committee: Chair: Keith Dagen, Director of Finance, City of Richardson; Amy Dozier, Director of Finance, Kerrville Public Utility Board; Terrence Beaman, Chief Finance Officer, City of Bellaire; Steven Glickman, Chief Financial Officer, Town of Addison; Sara Osborn, Director of Finance, City of Levelland
The TMRS Board meeting scheduled for Thursday, October 31, ended up being an abbreviated meeting due to the illness of the Board Chair Bill Philibert, who was at the meeting not feeling well. Also, as a result, the scheduled meeting for Friday, November 1, was canceled. Things are in full swing to find a replacement … Read more
The TMRS Board Meeting was held in Austin, September 26-27. Agenda Item #1: Receive presentations and consider and act on selection of search firm for executive director position The board spent nearly three hours on this item, indicating its importance. The board wants to sustain the positive efforts that David Gavia has brought to the … Read more
Summer has certainly not slowed things down when it comes to TMRS happenings. Since the last meeting in June, Jim Parrish has resigned from the TMRS Board and his position in the City of Plano to pursue other opportunities. As a result of Parrish’s resignation from the Board, two vacancies on internal committees needed to … Read more
By now, many of you have probably heard that TMRS Executive Director David Gavia has announced his retirement, effective May 2020. David will be missed as he has done a tremendous job during his tenure. One very exciting thing to report is that the TMRS bill (S.B. 1337), which was crafted by TMRS legal staff, … Read more
Texas Municipal Retirement System Highlights: March Board Meeting Casey Srader, TMRS Advisory Board Representative As previously reported, for calendar year 2018, the Texas Municipal Retirement System (TMRS) total fund performance ended at -2.43%, net of fees. Dismal investment returns in the last quarter of 2018, especially in December, negatively impacted the overall calendar year investments. … Read more
GFOAT Members and Sponsors, On behalf of the GFOAT Board, we would like to congratulate the following Certified Government Finance Officer (CGFO) candidates for obtaining their certification on February 20, 2019 in the City of North Richland Hills. Michael Spanos, CGFO, Treasury Accountant, City of Richardson Thank you for your dedication to continuing your education. … Read more
TMRS investment staff continue to pursue new investment opportunities in the areas of private equity, real return, and real estate for portfolio diversification as outlined in the TMRS Investment Policy. TMRS staff discussed and reviewed current cash flows and cash levels. TMRS cash needs to continue to evolve as the portfolio has been invested/diversified over … Read more
The TMRS Board met on December 6-7 in Austin. Casey Srader, GFOAT’s representative on the TMRS Advisory Board and the City of Plano’s budget manager, attended the meeting. To view the meeting summary, click here.