PB 08/16/2005 Minutes - Laserfiche WebLink

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POLICE OFFICERS' ANll FIRIiaTIGHTERS' PENSION BOARD OF TRUSTEES The Police Officers' and Firefighters' Pensiot3 Board of Trustees met on Tlttu•sday, August 16, 2005 at 10:30 a.tn. in the Casselberry City Hal] Contntissiott Chambers, 95 Trip]et Lake Dt•ive, Casselberty, Ilorida, 32707. MEMBERS PRIJSENT Chief Donald Harkins, Chairman Frank A. Schutte, Vice Chairman David I. Gonzalez, Member Chief John Pavlis, Member William Nas, Police Officer Member STAFF/OTHERS PRES)CNT Jeffi•ey Dreier, Finance Director Thelma McPherson, City Clerk Cristina Vivo', Persot~ne[ Director Scott Christiansen, Board Attorney Mary Durkin, Trusco Capital Management Mike Welket•, Bogdahn Cottsttlting I. Call to Order with Pledge of Alle~iattce The August 16, 2005 Meeting of t13e Policy Officers' and Firefighters' Pension Board was called to order with the Pledge of Allegiance by the Chairman at 10:30 a.m, in the City Hal] Commission Chambers. The Agenda had been duly posted and circulated to the Board Members by the City Clerk of the City of Casselbet•ry. Chairman Harkins expressed appreciation to the City Commission for tlfe adoption of the additional benefits ordinance that had been recommended by the Board of Trustees. This ordinance took effect on July 6, 2005. II. Ap~sroval of Minutes - Jutte 2, 2005 MOTION: Moved by Mr. Frank Scltutte to approve the tttitttttes of Jude 2, 2045 as submitted. The Motion was seconded by Ofi"icer William Nas and cat•riecl unanimously uy voice vote. {S - 0) III. Presentation b Mar J. Durldn - Investment Re ort from TRUSCO Ca ital Mana emetrt Ms. Mary J, Durkin, Trusco Capita] Management, presented the Investment Report for the 2005 second quarter ending June 30, 2005 for the Policy Officers' and firefighter Pension Plan. The total assets of the Fund ending for this period was $2,373,419,00 based on an asset allocation outluted in the Investment Policy. The complete report and list of the investments as submitted are available fot• inspection with the City Clerk of the City of Casselbet•ry.