Agenda 08-12-10
BOYNTON BEACH FIREFIGHTERS' PENSION FUND
QUARTERL Y BOARD MEETING
Thursday, August 12,2010 @ 2:00 PM
Renaissance Commons Executive Suites
1500 Gateway Blvd., Suite 220
Boynton Beach, FL 33426
AGENDA
I. CALL TO ORDER - Luke Henderson, Chairman
II. AGENDA APPROVAL -
III. APPROV AL OF MINUTES - Quarterly Meeting May 6, 2010
IV. FINANCIAL REPORTS:
A. Bogdahn Consulting - Dave West
1) Investment Performance Review Quarter end 6-30-2010.
2) Real Estate - Core Mega funds for review and discussion
B. DSM Capital Partners LLC - For your review -
1) Second Quarter Investment Letter - July 12,2010
2) Quarterly Report 6-30-2010
C. STW Fixed Income Mgt & STW- TIPS - For your review -
1) Portfolio Report quarter end 6-30-2010
2) Guideline Exceptions Report for 2nd Quarter
D. DGHM - For your review -
1) Portfolio Performance/Appraisal as of 6-30-201 O/letter July 2010
2) Product review letter of7-7-2010.
E. Anchor Capital Advisors LLC - for your review
1) Portfolio Summary/Appraisal 6-30-2010
F. Financial Statements - Balance Sheet/Change Fund Reserve -
Oct 2009 thru June 30, 2010
G. Atalanta Sosnoff - for your review
Investment Newsletter and 6-30-2010 portfolio - Form ADV available in Pension
Office for your review.
H. Gabriel, Roeder, Smith & Co - Revised 10-01-2009 Valuation Report-
1) Revised Report provides funding based on ER bi-weekly contributions.
I. Attorney Report - Adam Levinson
V. CORRESPONDENCE-
1) Tegrit Administrators merge with Summit Retirement Plan Services -letter of
May 11,2010.
1
2) Manning & Napier Advisors ltr of 6-11-1 0 - Management changes.
3) Intercontinental Real Estate Corp. - News release of June 17, 2010
VI. OLD BUSINESS -
1) Incremental changes - Mortality Tables & Assumed Interest- ltr of 3-18-
2010 by Steve Palmquist, GRS
2) Ordinance 10-016 - Discussion
VII. NEW BUSINESS:
A. Invoices for review and approval:
1. STW Fixed Income Mgt - Qtry fee 9-30-10 - $J1,065.05
2 Atalanta Sosnoff - Opening assets 6-30-10 - $507.00.
3. DSM Capital Partners LLC - Qtry fee 9-30-2010 - $10,537.95
4. Bogdahn Group - qtry fee 6-30-10 - $8,375
5. Tegrit Administration - Qtry fee 6-30--2010 - $500
6. DGHM - Management fee 6-30--2010 - $9,918.54
7. Klausner & Kaufman - Service May & June 2010 - $ 7,829.508 and July
2010 - $360
9. GRS - Service May 2010 - $3169, June 2010 - $3,097
10. Anchor Capital Advisors - 6-30-2010 quarterly fee - $
B. Retirement Benefit Verification - Board review and approval -
1) Ronald Rudy
C. DGHM - Securities Litigation Claims Services -ltr of 7-22-2010
VIII. PENSION ADMINISTRATOR'S REPORT:
1. Benefits & terminations as of 08-01-2010
2. 2009 State Annual Report - Approved ltr of7-6-20l0
IX. COMMENTS
X. ADJOURNMENT
Next Meeting Date - Thursday, November 11,2010 @ 2:00PM-
Renaissance Commons Executive Suites
If you cannot attend, please call Barbara @ 561/739-7972.
NOTICE
IF A PERSON DECIDES TO APPEAL ANY DECISION 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 IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON
WHICH THE APPEAL IS TO BE BASED. (F.S. 286.0] 05)
THE CITY SHALL FURNISH APPROPRIATE AUXILlAR Y AIDS AND SER VICES 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 ClTY CLERK'S OFFICE (561) 742-6060 AT LEAST TWENTY-FOUR HOURS PRIOR TO THE PROGRAM OR
ACTIVITY IN ORDER FOR THE CITY TO REASONABLY ACCOMMODATE YOUR REQUEST.
2