May 9, 2012

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
May 9, 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 12-05
May 9, 2012 10:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – POLICE/FIRE MEETING HELD IN THE INDIALANTIC TOWN HALL ON MAY 9, 2012.

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

ABSENT:
Sgt. Mike Connor, Member (excused)

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 12-04, January 25, 2012

Mr. Bogert moved to approve minutes12-04 as presented. Sgt. Casey seconded. Motion carried unanimously.

III. REPORT FROM THE BOGDAHN GROUP
A. Discussion of the 2nd 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.

IV. OTHER BUSINESS
A. Refund of benefits to Justin Booth in the amount of $6,101.55
B. FPPTA Membership dues in the amount of $600.00
C. Approval of invoice #2703 from Foster & Foster in the amount of $2,836.00
D. Approval of invoice #0268 from FMIT in the amount of $1,413.14
E. Approval of invoice #0268 from FMIT in the amount of $126.63
F. Approval of invoice #1592 from Integrity Fixed Income in the amount of $1,098.44
G. Approval of invoice #7604 from The Bogdahn Group in the amount of $3,875.00
H. Approval of invoice #70913 from Attorney Jensen in the amount of $1,158.74
I. Approval of invoice #71009 from Attorney Jensen in the amount of $156.60

Mr. Bogert moved to approved Items A-I for payment. Sgt. Casey seconded. Motion carried unanimously.

J. Acceptance of new member, Officer John Lacey
Sgt. Casey moved to accept Officer Lacey into the pension program. Mr. Humphrey seconded. Motion carried unanimously.

K. FYI – Florida Pension issue April 2012
L. FYI – Consolidated Securities Action
M. FYI – Class Action Information, January 2012-March 2012
N. State Law Update – Attorney Jensen gave an update regarding state law changes.
O. FYI – Bank statements January 2012-March 2012
P. FYI – Salem Trust automatic charge to account in the amount of $1,250.00

Next meeting will be Thursday, July 26, 2012 at 10:30 a.m.

VII. ADJOURMENT
The Board adjourned at 10:30 a.m..

__________________________________
Gerald Kowalski, Chairman

__________________________________
Jennifer M. Fortin, Recording Secretary