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Police/Frt•e Pertsrorr Borrf•~l cif Ti•arstees <br />Noverrrber X3, 2007 <br />Prrge 3 <br />9. Accc stance of Tirtattcial Re arts <br />Mr. C1u•istopltet• I_ottg of Manning & Napier presented a its-depth review of the Investment <br />Management Portfolio for the fitrtd for the period ending September 30, 2007. Mr. Long <br />submitted t~vo reports {1) outlined fire policies, pt•ocedttres and guidelines for the plan at~d (2) the <br />perfot•trtance review for the Plau. The total market value of the plan as of September 30, 2007 is <br />$2,920,983.52. <br />The Board of Trustees accepted the t•epot•ts submitted by Manning & Napier as in compliance <br />with the Investment Policy Statement approved by tl~e Board on March 12, 2007. The Reports <br />are available for inspection with the City Clerk of the City of Casselberry. <br />The acceptance of Iiinancial Reports from. Galliard Capital Management and Salem Trttst <br />will 1?e presented by their representatives at the meeting of tl~e pension Board ot~ <br />ljebruary 19, 2007. <br />10, Presentation by_Mike Weller - Bogcialrrt Consultitt~ <br />Mr. Mime Welker, representing Bogdahn Consulting, presented the perforcnattca evaluation t•eport <br />for the Investment Managers, Manning & Napier, Galliard Co-Mingled I•'und fot• the quarter <br />ending September 30, 2007. The complete report as submitted by Mr. Welker is available for <br />inspection with the City Clark of the City of Casselberry, '1 he Bogdahn Repot•t was accepted <br />with no formal action needed to be taken by the Board. <br />11. Approval of Exuenditure Report <br />In a letter dated November 7, 2007 froth Rattdy Newlota, Finance Dieector, fife following invoices <br />were submitted for Board approval: <br />• Bogdahn Consulting -October 1, 2007 - $1,784.79 <br />• Christiansen & Definer -August 31, 2007 - $943.63 <br />• Christiansen & Definer -September 30, 2007 - $1,262.32 <br />• Galliard Capital Management -September 30, 2007 - $887.97 <br />• Salem Trust Company -October 10, 2007 - $750.00 <br />MOTION: Moved by Sgt. William Nas to approve the >;xpetrditure Report as <br />presented in the letter dated Novetuber'7, 200'1 from the li'iuauce <br />Dieector. Mot.iotr `vas sccottcled by Mr. David Gotrxaler, arul carried <br />urrauimously oft a 5 - 0 voice vote. <br />12. Appravai - Retnrtr of Cotttt•ibutiorrs <br />[n a letter dated November 7, 2007 from Randy Newlon, Finance Director, the follawit3g <br />individuals have terminated their employment with the City and have requested their individual <br />contribution to the Police Officers' and Firefighters' Pension Plata be returned: <br />