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Police Officers'/Firefighters' Pension Board of Trustees <br />June 3, 2002 <br />Page 2 <br />111. Approval of Minutes - March 4, 2002 <br />MOTION: Moved by Mr. Hand Giffen to approve the minutes of March 4, 2002 <br />Police Officers' and Firefighters' Pension Board Meeting as <br />distributed. Motion was seconded by Firefighter Theresa Krebs and <br />carried unanimously by voice vote. <br />IV. Presentation by Lance Powers - <br />Investment Report from TRUSCO Capital Management <br />Mr. Lance Powers TRUSCO Capital Management presented the Investment Report for the Police <br />Officers' and Firefighter Pension Plan. The total assets of the Fund for the period ending <br />December 31, 2001 is $1,006,592. The report was accepted by the Board and is available for <br />inspection with the City Clerk of the City of Casselberry. <br />V. Presentation by Bill Stark - Bogdahn Consulting <br />Mr. Bill Stark, Bogdahan Consulting, presented the performance evaluation report of the <br />investment manager, TRUSCO Capital Management. The investments by TRUSCO for the <br />quarter ending December 31, 2002, were in compliance with the investment policy established by <br />the board. The report was accepted by the board and is available for inspection with the City <br />Clerk of the City of Casselberry. <br />VI. Election of Secretary for the Board <br />MOTION: Moved by Mr. Hank Giffen to appoint Firefighter Theresa Krebs as <br />Secretary to the Pension Board of Trustees. Motion was seconded by <br />Firefighter Theresa Krebs and carried unanimously by voice vote. <br />VII. Approval of Actuarial Services Agreement - Foster & Foster <br />MOTION: Moved by Firefighter Theresa Krebs to approve the Agreement for <br />Actuarial Services with Foster & Foster and authorize the Chairman <br />and Secretary to execute the Agreement. The Motion was seconded <br />by Mr. Hank Giffen and carried unanimously by voice vote. <br />