Agenda 02-14-08
BOYNTON BEACH FIREFIGHTERS' PENSION FUND
QUARTERL Y BOARD MEETING
Thursday, February 14,2008 @ 2:00 PM
City Commission Chambers
AGENDA
I. CALL TO ORDER - Luke Henderson, Chairman
II. AGENDA APPROVAL _
III. APPROVAL OF MINUTES - Special Meeting October 24, 2007
Quarterly Meeting November 15, 2007
III-A TRUSTEE POSITION:
1) One nomination received - Luke Henderson to continue to serve from December
2007 to December 2009 - Board review and approval.
IV. FINANCIAL REPORTS:
A. Davidson, Jamieson & Cristini, PL - Richard Cristini, CPA &
Jeanine Bittinger, CPA
1) Audit review with Financial Statements & Internal Control
For PYE 9-30-2007. (Draft/or trustee review)
B. Gabriel Roeder Smith & Company - Steve Palmquist, Senior Actuary
1) Actuarial Valuation Report - PYE 9-30-2007
2) Page 6a - 2007 State Report - Use of State Money
3) Review & cost analysis of increasing multiplier.
C. Alliance Bernstein - For your Review _
Investment Strategy Report - Quarter end 12-31-2007
D. Acadian International All CAP Fund _ For your review
2007 Fourth Quarter Review
E. STW Fixed Income Mgt & STW - TIPS _ For your review _
1) Portfolio Report quarter end 12-31-2007 _
2) Annual Compliance & Insurance for 2007 with ltr of 1-23-08.
3) Proxy Voting Policy & Report -ltr 1-10-2008
4) Compliance Confirmation - 4th Quarter 2007
F. Lateef Investment Management _ For your review
Client Status Report & Summary Investment Results _ quarter end 12-31-2007.
G. Bogdahn Consulting - Dave West
1) Fund review for quarter and PYE 12-31-2007.
2) Declare the rate of return for State requirement
H. Attorney Report - Adam Levinson
1. Klausner & Kaufman, P A-lOth Annual Client Conference _ Ft. Lauderdale
March 9th - 12th - Hyatt Regency Pier 66
2. Smith Barney Group - Update
3. Purchase of Permissive Service Credit and also amend existing ord to reflect
5 years in which payroll deductions may be spread -ltr of 1-25-2008 with
draft ordinance
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4. Administrative rule - Rollover vac/sic into DROP program - memo 1-22-08
-vote by members - approved by members.
5. Social Security Numbers & new requirements under FLA Stat.,
Section 119.071(5) with good faith compliance with HB 7197-Chapter 2007-251-
letters of 1-29-08 to Honorable Marco Rubio, Speaker & Honorable
Ken Pruitt, Senate President.
6. Final draft of "13th Check" ordinance.
V. CORRESPONDENCE
NIA
VI. OLD BUSINESS
1. Trusteel Administrator Fiduciary Liability Coverage - RFQ in process _
Current broker-Carolyn Furlong, Benefits, USA - Pete Pryor - Police renewal
April 10, 2008.
VII. NEW BUSINESS
A.. Invoices for review and approval:
1. Alliance Capital Mgt. - Quarter End 12-31-07 _ $
2. Lateef Investment Mgt - Quarter end 12-31-07 _ $
3. STW Fixed Inc Mgt - Quarter End 3-31-08 - $15,208.98
4. Klausner & Kaufman - Services Nov, Dec'07 & Jan'08 _ $8,597.05
5. Bogdahn Consulting - quarterly fee 12-31-07 _ $7,500
6. Omega Recordkeeping - Quarterly 12-31-07 _ $500
7. Acadian Asset Mgt - Quarter end 12-31-07 _ $8,192
8. Davidson, Jamieson & Cristini PL - Audit Services - $4,000.00
9. Gabriel, Roeder, Smith & Co. Services thru 12-31-07 _ $2,034 &
Services thru 1-31-2008 - $1,919
B. Invoice paid for final amount approval _
1) R&S Integrated Services- Scanner, equipment & Services _ $1,018.50
VIII. PENSION ADMINISTRATOR'S REPORT
1. Benefits & terminations as of 2-0 1-2008.
IX. COMMENTS
X. ADJOURNMENT
Next Meeting Date - ThurSday, May 8,2008 @ 2:00PM - Commission
Cham bers
If you cannot attend, please call Barbara @ 742-6081.
NOTICE
[F A PERSON DECIDES TO APPEAL ANY DEC[S[ON MADE BY THE FIREFIGHTERS' PENSION BOARD WITH RESPECT TO ANY MATTER
CONSIDERED AT THIS MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, HE/SHE MAY NEED TO
ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING [S MADE, WH[CH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON
WHICH THE APPEAL IS TO BE BASED. (F.S. 286.0105)
THE crTY SHALL FURN[SH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A
DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED
BY THE CITY. PLEASE CONTACT JOYCE COSTELLO, (561) 742-6013 AT LEAST TWENTY-FOUR HOURS PRIOR TO THE PROGRAM OR
ACT[V[TY [N ORDER FOR THE CITY TO REASONABLY ACCOMMODATE YOUR REQUEST.
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