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�- FOSTER & FOSTER <br />ria 4lJAL,,iLs ANLV LUNSULTANTS <br />November 12, 2018 <br />Board of Trustees <br />c/o Ferrell Jenne, Plan Administrator <br />2503 Del Prado Blvd. S. Suite 502 <br />Cape Coral, FL 33904 <br />Re: Casselberry Police Officers' and Firefighters' Pension Plan <br />Dear Board: <br />We are pleased to present to the Board this report of the annual actuarial valuation of the City of <br />Casselberry Police Officers' and Firefighters' Pension Plan. Included are the related results for GASB <br />Statements No. 67 and No. 68. The funding valuation was performed to determine whether the assets <br />and contributions are sufficient to provide the prescribed benefits and to develop the appropriate funding <br />requirements for the applicable plan year. The calculation of the liability for GASB results was <br />performed for the purpose of satisfying the requirements of GASB Statements No. 67 and No. 68. Use of <br />the results for other purposes may not be applicable and may produce significantly different results. <br />The valuations have been conducted in accordance with generally accepted actuarial principles and <br />practices, including the applicable Actuarial Standards of Practice as issued by the Actuarial Standards <br />Board, and reflect laws and regulations issued to date pursuant to the provisions of Chapters 112, 175, <br />and 185, Florida Statutes, as well as applicable federal laws and regulations. In our opinion, the <br />assumptions used in the valuations, as adopted by the Board of Trustees, represent reasonable <br />expectations of anticipated plan experience. Future actuarial measurements may differ significantly from <br />the current measurements presented in this report for a variety of reasons including: changes in applicable <br />laws, changes in plan provisions, changes in assumptions, or plan experience differing from expectations. <br />Due to the limited scope of the valuation, we did not perform an analysis of the potential range of such <br />future measurements. <br />In conducting the valuations, we have relied on personnel, plan design, and asset information supplied by <br />the City of Casselberry, financial reports prepared by the custodian bank, and the actuarial assumptions <br />and methods described in the Actuarial Assumptions section of this report. While we cannot verify the <br />accuracy of all this information, the supplied information was reviewed for consistency and <br />reasonableness. As a result of this review, we have no reason to doubt the substantial accuracy of the <br />13420 Parker Commons Blvd., Suite 104 Fort Myers, FL 33912 • (239) 433-5500 • Fax (239) 481-0634 • www.foster-foster.com <br />