April 24, 2014

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
April 24, 2014

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES – POLICE/FIRE
MINUTES 14-03
April 24, 2014 10:30 AM

PRESENT: Gerald Kowalski, Chairman
Sgt. Mike Casey, Secretary
Bruce Bogert, Member
Dan Johnson, Bogdhan Group
Bonni Jensen, Attorney
Jennifer Small, Recording Secretary

ABSENT: Sgt. Michael Connor, PD Member
Michael Humphrey, Fire Dept. Member

I. CALL TO ORDER AT 10:35 AM

Chairman Kowalski called the meeting to order at 10:35 am.

II. APPROVAL OF MEETING MINUTES

A. Minutes 14-02, January 18, 2014

Mr. Bogert moved to approve the minutes. Sgt. Casey seconded. Motion carried unanimously.

III. ACCEPTANCE OF THE 2ND QUARTER PERFORMANCE REPORT-DAN JOHNSON, THE BOGDAHN GROUP

Mr. Johnson presented the performance report for January through March 2014.

Mr. Johnson had no recommended changes at this time.

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

IV. FIXED INCOME MARKET UPDATE AND PORTFOLIO REVIEW-EARL DENNEY, INTEGRITY FIXED INCOME

Mr. Denney discussed the Market Economics Review and Outlook.

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

V. OTHER BUSINESS

A. Approval of invoice #1790 from Integrity Fixed Income in the amount of $1,326.67
B. Approval of invoice #72309 from Attorney Jensen in the amount of $15.15
C. Approval of invoice #72200 from Attorney Jensen in the amount of $714.05
D. Approval of invoice #72243 from Attorney Jensen in the amount of $618.00
E. Approval of invoice #72381 from Attorney Jensen in the amount of $126.15
F. Approval of invoice #10082 from The Bogdahn Group in the amount of $3,875.00
G. Approval of invoice from FMIT for Fiduciary Liability Insurance in the amounts of $1620.80 and $50.65 totaling $1671.45

Mr. Bogert moved to approve items A, B, C, D, E, F and G. Sgt Casey seconded. Motion carried unanimously.

H. Bank statements January-March 2014 – presented for informational purposes only.

I. Memorandum regarding the amended State Legislation-Attorney Jensen

Attorney Jensen presented a memorandum regarding the amended State Legislation.

VI. PUBLIC COMMENT

There were no public comments.

VII. ADJOURMENT

Sgt. Casey moved to adjourn the meeting at 11:35 am. Mr. Bogert seconded. Motion carried unanimously.

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Gerald Kowalski, Chairman

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Jennifer Small, Recording Secretary