November 5, 2015

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[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
November 5, 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 16-01
November 5, 2015 9:00 AM

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

ABSENT: Michael Conner, PD Member (excused)
Bruce Bogert, Member

1. CALL TO ORDER AT 10:30 AM

Chairman Kowalski called the meeting to order at 9:00 am

2. APPROVAL OF MEETING MINUTES

A. Minutes 15-06, July 23, 2015

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

3. REPORT FROM DAN JOHNSON, THE BOGDAHN GROUP

A. Acceptance of the 4th Quarter Performance Report

Mr. Johnson presented the performance report for July through September 2015.

Sgt. Casey moved to approve the 4th Quarter Performance Report. Chief Flamm seconded. Motion carried unanimously.

4. REPORTS FROM ATTORNEY JENSEN

A. Attached documents regarding NCPERS Code of Conduct

Attorney Jensen discussed the NCPERS Code of Conduct with the Board and told them that if they are interested it needs to be put on the next agenda. The Board agreed to add it to the next agenda.

B. Discussion regarding IRS determination letter

Attorney Jensen advised the Board that the IRS will no longer be issuing determination letters. The Board decided not to request a determination letter at this time.

C. Update on SB 172

Attorney Jensen reminded the Board about the obligations regarding SB 172.

D. Comparison of budget to actual expenses

Attorney Jensen reminded the Board that doing a budget will be an annual requirement.

5. OTHER BUSINESS

A. Approval of invoice #73245 from Attorney Jensen in the amount of $491.85
B. Approval of invoice #73320 from Attorney Jensen in the amount of $997.70
C. Approval of invoice #73379 from Attorney Jensen in the amount of $322.05
D. Approval of invoice #73452 from Attorney Jensen in the amount of $63.75

Chief Flamm moved to approve items A-D. Sgt. Casey seconded. Motion carried unanimously.

E. Approval of invoice #12670 from The Bogdahn Group in the amount of $3,875.00
F. Approval of invoice #1943 from Integrity Fixed Income Management in the amount of $1,430.56

Sgt. Casey moved to approve items E and F. Chief Flamm seconded. Motion carried unanimously.

G. Bank statements July through September 2015-presented for informational purposes only

6. PUBLIC COMMENT

7. ADJOURMENT

Sgt. Casey moved to adjourn the meeting at 9:50 am. Chief Flamm seconded. Motion carried unanimously.

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Gerald Kowalski, Chairman

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Jennifer Small, Recording Secretary