PB 11/08/2016 Minutes - Laserfiche WebLink

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City of Casselberry Police Officers' and Firerigbters' Pension Board of Trustees Minutes of Navember 8,2016 Meeting Page 3 of 5 Alternative Income: Westwood Laconic: Opportunity Fund has exp sure to Treasury funds, which 11L11 -t some, but they also have eXposLII-e to Master Limited PartnershII)s and REITs, which were better perfon-ning later in the quarter. Real Estate Inc nic- American Core Realty is in transition as they are moving into more urban areas and larger I)ro ernes. B. The 1 oordahn Croup — 2016 Asset Allocation Model As requested at the previous meeting, Mr. Evatt presented the 2016 Asset Allocation Madel: 15 Year Forecasts & Asset Mix Projections report. In addition to the current policy, four models were presented comparing each model's estimated returns based on five different asset allocation scenarios. The areas compared for each inodel were Annualized Expected Return, Expected Risk, , Annualized Best Case Return, Annualized worst Case Scenario, and Probability of Negative Return. After all options presented were discussed, it was decided that no changes will be niade at this time and that Mr. Evatt will update the report to reflect 2017 numbers. 6. New Business A. FY 2015-2016 Actual Expenses In accordance with state law, the actual plan expenses for fiscal year 2015-2016 was prepared and presented by the Plan Administrator. The Flan expenses did cote in under budget. MOTION: Member Strenth moved to the actual plan expenses for fiscal year 2015-2016 as presented. Motion was seconded by Member Harkins. Motion carried by voice vote 5-0. B. 2017 Meeting Dates Meeting dates for calendar year 2017, as submitted by Christiansen & Delmer were presented. The M eeting elates are February 14, 2017, May 9, 2017, AugUst 8, 2017, and November 7, 2017. All meetings will be held at 10:00 a.m. in the Casselberry City Commission Chambers. MOTION: Mem er Harkins moved to approve the meeting dates for calendar year 2017 as presented. Motion was seconded by Member Van Ore. Motion carried by voice vote 5-0. C. TrU tee Terin Expirations The terms of trustees Strenth, Clancy, and Harkins end on December 31, 2016. Member Clancy stated that he will not be returning the board. Members Harkins and Strenth stated that they are interested in i-etUrning to the board.. The Flan Administrator will conduct the electron for the Police Officer TrUstee. 7. Old Business A. None . Consent Agenda The action proposed to be taken is slated for each item on the consent agenda. Unless the item i removed from the Consent Agenda b a Pension Board member for discussion on individual items, a single motion will approve all items.