Laserfiche WebLink
Police/Fij•e Pefisiort Borrrd of Ti•trstees Meeti~rg <br />DecenrGer 16, 2005 <br />Prrge 3 <br />6 Performance Manager Presentation by Milce Welker - Bogdal>n Consulting <br />Mr. Mike Welket•, Bogdaktan Consulting, presented the performance evaluation report of the investment <br />tt~anager, Trusco Capital Management for he quat•tet• ending September 30, 2005. He states) that Trusco had <br />done very well over the last quarter and had met the basics of the Investment Policy. Mr. Welker elpressed <br />concerns to the board regarding Trusco's perfortance over Hie last three years, i,e, asset allocation and <br />manager changes and distributed comparison figures to the Board for consideration of possible altet•native <br />performance manager to Trusco. <br />The Board requested Bogdahn continue monitoring the various performance managers to the performance of <br />Trusco on a quarterly basis. Mr. Welker will forward up-to-date comparisons to the Board as requested. <br />'1'he complete report submitted by Bogdahn is available for it3spection tivith the City Clerk of the City of <br />Casselbet•ry, The Report was accepted and no formal action needed to be taken by the Boat•d. <br />7. Discussion re Evali-atiai- of Cost Increase) Possible RFP for Perfortuance Management <br />Services -Fee Atljusttuent for Bo~dabn <br />MOTION: Moved byPalice Oft"icer William Nas to approve the fee <br />adjustment for Bogdahn Consulting as requested iu <br />meuto dated December &, 2005 from Milc.e Welker. <br />Motion was seconded by Mr. Frank Sclautte and <br />approved unanimously by voice vote. (5 - 0) <br />~. A~~roval of Ext~eudittu•e Report <br />a) Christiansen & Delmer - 5131105 - $1,330.38, 7131105 - $100.00, 9/21105 - $1,052.20 <br />b) Bogdahn Consultants - 7131105 - $1,250,20, 1011/05 - $1,250.00 <br />c) SunTrust - 411105 - 6130105 - $4,510.16, 711105 - 9/30105 - $5,135.34 <br />MOTION: Moved by Mr. Frank Schutte to approve the <br />Expenditure Report as presetttecl by the Finance <br />Director in I>is memo dated Novembex• 23, 2005. Motion <br />vas seconded by Chief Joltn Pav[is and carried <br />unanimously by voice vote. <br />