July 26, 2012

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
July 26, 2012

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES – POLICE/FIRE
MINUTES 12-06
July 26, 2012 10:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – POLICE/FIRE MEETING HELD IN THE INDIALANTIC TOWN HALL ON JULY 26, 2012.

PRESENT:
Gerald Kowalski, Chairman
Sgt. Mike Casey, Secretary
Sgt. Mike Connor, Member
Mike Humphrey, Member
Bruce Bogert, Member
Bonni Jensen, Esq.
Dan Johnson, Bogdahn Group
Jennifer Fortin, Recording Secretary

I. CALL TO ORDER AT 10:30 p.m.
Chairman Kowalski called the meeting to order at 10:30 a.m.

II. APPROVAL OF MINUTES
A. Minutes 12-05, May 9, 2012

Mr. Bogert moved to approve minutes12-05 as presented. Sgt. Casey seconded. Motion carried unanimously.

III. REPORT FROM THE BOGDAHN GROUP
A. Discussion of the 3rd Quarter Performance Report

Mr. Johnson had no recommended changes at this time.

Sgt. Casey moved to accept the report as presented. Mr. Humphrey seconded. Motion carried unanimously.

B. Integrity Fixed Income – Earl Denney presented the report.

Sgt. Casey moved to accept the report as presented. Mr. Bogert seconded. Motion carried unanimously.

IV. OTHER BUSINESS
A. Approval of invoice #7604 from The Bogdahn Group in the amount of $3,875.00
B. Approval of invoice #71071 from Attorney Jensen in the amount of $954.70
C. Approval of invoice #71128 from Attorney Jensen in the amount of $29.25
D. Approval of invoice #71196 from Attorney Jensen in the amount of $77.50
E. Approval of invoice #1616 from Integrity Fixed Income in the amount of $1,111.09

Mr. Bogert moved to approve Items A-E for payment. Sgt. Connor seconded. Motion carried unanimously.

F. Acceptance of new member, Officer Zachary Gibson

Mr. Bogert moved to accept Officer Lacey into the pension program. Sgt. Casey seconded. Motion carried unanimously.
G. Attorney Jensen – Local Retirement Plans Minimum Funding Basis
H. FYI – Foster & Foster – Approach to Develop Funding Requirements

Attorney Jensen gave background to the Board regarding Items G and H.

I. FYI – Salem Trust automatic charge to account in the amount of $1,250.00
J. FYI – Bank statements April 2012-June 2012

Next meeting will be Friday, November 2, 2012 at 8:30 a.m.

VII. ADJOURMENT
The Board adjourned at 11:36 a.m.

__________________________________
Gerald Kowalski, Chairman

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Jennifer M. Fortin, Recording Secretary