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180 | City of Alameda Minutes of the Regular Meeting of the Pension Board - Monday, July 29, 2019 Page 2 that $732,657 would be moved to pay down unfunded liability. This will be reflected in the September 2019 statement. Trustee Elzig asked what are the contractual services listed. Representative Otto replied those are actuarial costs. Trustee Soderlund asked how often than happens and Representative Otto replied he thought it was every 2 years, but could check. Trustee Elzig moved to accept the financial statement as presented and Trustee Soderlund seconded. Passed 3-0. 5. ORAL COMMUNICATIONS, NON-AGENDA (PUBLIC COMMENT): There were no oral communications from the public. 6. PENSION BOARD COMMUNICATIONS (COMMUNICATIONS FROM BOARD): There were no oral communications from the Board. 7. ADJOURNMENT: There being no additional items to come before the board, the meeting was adjourned at 4:41 p.m. Respectfully submitted, me Nancy Bronstein Human Resources Director |