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CITY OF CASSELBERRY <br />POLICE OFFICERS' AND FIREFIGHTERS' PENSION PLAN <br />BOARD OF TRUSTEES <br />QUARTERLY MEETING MINUTES <br />Casselberry City Hall Commission Chambers <br />95 Triplet Lake Drive, Casselberry, Florida 32707 <br />Tuesday, February 9, 2021, 10:OOAM <br />TRUSTEES PRESENT: Matthew Hettler <br />Donald Harkins <br />Thomas Graffy <br />Douglas Mathews <br />James Goodman <br />TRUSTEES ABSENT: None <br />OTHERS PRESENT: Dave West, AndCo Consulting <br />Scott Christiansen, Christiansen & Dehner <br />Ferrell Jenne, Foster & Foster <br />Carol Conway, City Finance Director <br />Members of the public <br />I. Call to Order with Pledge of Allegiance — Chairman Matthew Hettler called the <br />meeting to order at 10:01AM. <br />11. Public Comments — The Board discussed the Finance Director making comments <br />during the meeting. By consensus, the Board agreed it was acceptable for Carol <br />Conway to provide information or ask questions throughout the meeting. <br />Ill. Approval of Minutes <br />a. November 10, 2020, quarterly meeting <br />The Board voted to approve the November 10, 2020, quarterly meeting minutes as <br />presented, upon motion by Donald Harkins and second by Doug Mathews; motion carried <br />5-0. <br />IV. Reports <br />a. AndCo Consulting, Dave West, Investment Consultant <br />i. Quarterly report as of December 31, 2020 <br />1. Dave West gave a brief firm update and the growth that had occurred <br />during the year. <br />2. Dave West gave an overview of the market environment during the <br />quarter and stated investment market index returns were broadly <br />positive during the 4th quarter of 2020 except for the US Government <br />bond benchmark. <br />3. Dave West discussed the market outlook and reminded the Board they <br />had started to equalize the growth/value portfolios. Dave reviewed the <br />treasury yield curve. <br />1 <br />