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Police/Fire Pension Board Meeting <br />June 2, 2003 <br />Page 2 <br />IV. Presentation by Bill Stark - Bogdahn Consulting_ <br />Mr. Bill Stark, Bogdahan Consulting, presented the performance evaluation report of the investment <br />manager, TRUSCO Capital Management. The investments by TRUSCO for the quarter ending March <br />31, 2003, met the standards of the investment policy as established by the board. Over the last three <br />years, the fund is a little over five (5) percent better than policy and since inception, it is about one (1) <br />percent better than policy. The complete report is available for inspection with the City Clerk of the City <br />of Casselberry. <br />The Bogdahn Report was accepted and no formal action needed to be taken by the Board. <br />V. Approval of Expenditure Report <br />In a letter dated May 22, 2003, Jeffrey Dreier, Director of Finance, presented the following expenditures <br />for approval by the Board: <br />Christiansen & Dehner, P.A. $ 63.87 <br />Christiansen & Dehner, P.A. $ 544.92 <br />Mr. Schutte noted correction on the invoice recap, April 7, 2001, should read April 7, 2003. <br />MOTION: Moved by Mr. Frank Schutte that the Expenditure Report dated May 22, <br />2003 presented by the Finance Director be approved as corrected. Motion <br />was seconded by Mr. Dale Christensen and carried unanimously by voice <br />vote. <br />VI. Approval of Return of Contributions <br />In a letter dated May 22, 2003, Jeffrey Dreier, Director of Finance, presented the following return of <br />contribution for approval by the Board: <br />Jon Stanford $ 492.74 <br />MOTION: Moved by Mr. Frank Schutte that the Return of Contributions be approved <br />as submitted by the Director of Finance. Motion was seconded by Police <br />Officer Robbin Lilly and carried unanimously. <br />