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City of Casselberry Police officers' and <br />Firefighters' Pension Board of Trustees <br />Minutes of D4ay 3, 2012 Meeting <br />Page 3 of 5 <br />parameters. By the end of the quarter the significant outperformance experienced by the Manning & <br />Napier Overseas Fund put the international allocation closer to its target allocation. <br />oi. Consent Agenda <br />A. Approval of Expenditure Report — <br />a. Salem Trust — January 15, 2012, $1,000.00 <br />b. Salem Trust — January 15, 2012, $1,250.00 <br />c. Galliard Capital Mgmt /Wells Fargo — January 23, 2012 $1,916.10 <br />d. Christiansen & Delmer, P.A. — February 29, 2012, $1,066.24 <br />e. The Bogdahn Group — March 23, 2012, $3,875.00 <br />MOTION: Member Harold Stewart moved to approve the Expenditure Report, as presented. <br />Motion was seconded by Member James Strenth. Motion carried unanimously by <br />voice vote 3 -0. <br />7® Miscellaneous <br />A. New Members Report <br />Interim Finance Director/Board Records Management Liaison Officer, Rebecca Bowman, reported that <br />Laura Chitty, Police Officer, was reinstated as a pension member on 11/28/11, and Ryan McIntosh, Police <br />Officer was added as a new pension member on 3/12/12. <br />B. Separation of Service of Members Report <br />Ms. Bowman reported the separation of non - vested Fire Department employee Meredith Walker on <br />2/13/12, PD employee Tomasello on 2/1/12, and PD Employee Lilly on 3/5/12. <br />C. Early Retirement <br />RMLO Bowman reported that James Everett, firefighter separated services with the City on 2/6/08 <br />received a $634.08 payout for his contributions. This money was sent to ICMA as he elected to roll -over <br />his contribution to a similar plan with this new employer. <br />Board Attorney Scott Christiansen suggested that in the future these should be put on the agenda for <br />approval after the fact. In response to questions from Ms. Bowman, he suggested the format would be: <br />Approve early retirement of Amount receiving: <br />Consensus: Board consensus was to defer change in format to the next meeting. <br />Mr. Barkardjiev suggested an option of a pooled investment in Salem Trust CIC. He stated it was a list of <br />approximately 14 fiends which offer a reduction in custodial costs, depending on how you utilize it. He <br />