July 23, 2015

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
July 23, 2015

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES – POLICE/FIRE
MINUTES 15-06
July 23, 2015 10:30 AM

PRESENT: Gerald Kowalski, Chairman
Sgt. Mike Casey, Secretary
Michael Conner, PD Member
Chief Thomas Flamm, Fire Dept. Member
Bruce Bogert, Member
Dan Johnson, Bogdahn Group
Bonni Jensen, Esq.
Jennifer Small, Recording Secretary

1. CALL TO ORDER AT 10:30 AM

Chairman Kowalski called the meeting to order at 10:30 am

2. APPROVAL OF MEETING MINUTES

A. Minutes 15-05, April 23, 2015

Chief Flamm moved to approve the minutes. Mr. Bogert seconded. Motion carried unanimously.

3. REPORT FROM DAN JOHNSON, THE BOGDAHN GROUP

A. Acceptance of the 3rd Quarter Performance Report

Mr. Johnson presented the performance report for April through June 2015.

Sgt. Casey moved to approve the 2nd Quarter Performance Report. Sgt. Connor seconded. Motion carried unanimously.

4. REPORTS FROM ATTORNEY JENSEN

A. New Florida Pension Reporting under Florida Statutes §112.664

Attorney Jensen discussed the new reporting requirements under Florida Statutes §112.664

B. Senate Bill 172 (Chapter 2015-29, Laws of Florida)

Attorney Jensen advised the Board that Senate Bill 172 is effective on October 1, 2015. Attorney Jensen told the Board that they will have to approve a budget in today’s meeting. Attorney Jensen said once the budget is approved it needs to be posted on the Town’s website and made available to all members.

C. House Bill 1309 (amending Sections 112.63 and 112.664, Florida Statutes)

Attorney Jensen advised the Board that House Bill 1309 is effective January 2016. Attorney Jensen mentioned that the plan’s actuary can make suggestions at the next board meeting.

5. OTHER BUSINESS

A. Approval of invoice #73076 from Attorney Jensen in the amount of $785.85
B. Approval of invoice #73138 from Attorney Jensen in the amount of $1,434.90
C. Approval of invoice #73185 from Attorney Jensen in the amount of $600.45
D. Approval of invoice #12211 from The Bogdahn Group in the amount of $3,875.00
E. Approval of invoice #7495 from Foster & Foster in the amount of $3,938.00
F. Approval of invoice #1926 from Integrity Fixed Income Management in the amount of $1,416.54

Chief Flamm asked that Attorney Jensen, going forward, not send out Form 1 for filing since they already received the form from the County Supervisor of Elections. The Board and Attorney Jensen agreed.

Mr. Bogert moved to approve items A-F for payment. Sgt. Casey seconded. Motion carried unanimously.

G. Reappointment of Sgt. Mike Casey as fifth member of the pension board

Mr. Bogert moved to reappoint Sgt. Mike Casey as fifth member of the pension board. Sgt. Connor seconded. Motion carried unanimously.

H. Approval of the proposed budget

After some discussion, Sgt. Casey moved to approve the budget as revised. Sgt. Connor seconded. Motion carried unanimously.

I. Bank statements April through June 2015-presented for informational purposes only – Bank account balance update as of 7/1/15 is $16,590.30 and State Board of Administration is $16,218.88

6. PUBLIC COMMENT

7. ADJOURMENT

Chief Flamm moved to adjourn the meeting at 11:27 am. Sgt. Casey seconded. Motion carried unanimously.

__________________________________
Gerald Kowalski, Chairman

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Jennifer Small, Recording Secretary