PB Minutes 12/01/2006 - Laserfiche WebLink

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Police/Fit•e Perasiort Borrt•rl Meetiftg DecentGet• 1, .2006 Page 3 MOTION: Moved by Mr, Frank Schutte to add to the Agenda.the "Addendum to Investment Policy Statement" as requested by Mr, Dave West, Bogdalrn Consiilting. Motion was seconded by Chief Joluy Pavlis and carried on a 4 - 0 vote. Addendum to Investment Policy Statement MOTION: Moved by Mr. Frank Scliutte to approve the Addendum to the Ynvestment Policy Statement as recommended by Bogdahn Consulting aKid authorize the Chairman to execute the Acldend~im on behalf of the Board, Motion was seconded by Sgt. William Nas and carried on a 4 - 0 vote. A copy of the Addendum as presented is attached to and made a part of these minutes. 4. Approval of Actuarial Report -Foster & Foster As of October 1, 2004 Mr. Patrick Dotzloti, representing Foster & Foster, presented the Actuarial Valuation Report for Fiscal Year Ended September 30, 2005, revised retroactive to October 1, 200x. This revised actuarial contributions were restated November 30, 2006 for contributions applicable to the Plan due to certain Plan Members receiving a substantial amount ofhuz•-•icane-related overtime during this period, Tlfe costs and liabilities associated with not removiizg hu~~ricane-related overtime remains for each Member's pay, with the exception of those members not in the five-year averaging period, per Charles Slavin, Florida State Retirement. MOTION: Moved by Sgt. William Nas to approve the Actuarial Report as of October 1, 2404, Restated November 30, 2006, as p~•esented. Motion was seconded by Chief John Pavlis and carried on a 4 - 0 vote. A copy of the Actuarial Report as of October 1, 2004 and restated November 30, 2006 is available for inspection vvith the City Clerk of the City of Casselbez•zy. 4. Approval of Actuarial Report -Foster & Foster As of October 1, 2006 Mr, Donlon presented tlfe Actuarial Valuatia~i Report for Fiscal Year E-zded Septembez• 30, 2007, as of October 1, 2006. MOTION; Movecl by Sgt. William Nas to approve aiul accept the Actuarial Report, as of October 2006, as presented. Motion was seconded by Me•. Frank Sclu~tte and carried on a 4 - 0 vote. A copy of the Actuarial Variation Report as of October 1, 2006 is available inspection with the Clerk of the City of Casselbez•ry.