Quarterly Board Meeting
BOYNTON BEACH POLICE OFFICERS' PENSION FUND
QUARTERLY BOARD MEETING
Tuesday, February 13, 2007 @ 9:30 a.m.
Commission Chambers, City Hall ,
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I. CALL TO ORDER - Lt. Gary Chapman, Chairman ~ ,;~
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ll. AGENDA APPROV AL o:;z::
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ill. APPROVAL OF MINUTES - Quarterly Meeting November 14, 2006 .. ~fT\
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IV. FINANCIAL REPORTS: :x:
A. Quarterly Investment Review -
A. KOCH REISS & Co - Donald Bellentoni, CPA & Elisabeth Capota CPA
Audit - Financial Statements for PYE 9-30-2005
A. Russell Investment Group - Dave Majewski, Client Executive
Quarterly Performance for December 31, 2006
B. Burgess Chambers & Associates (BCA) - Burgess Chambers, President
Fund Performance review as of December 31,2006
V. CORRESPONDENCE
1. Lerach Coughlin Stoia Geller Rudman & Robbins -Class Action Settlements quarter
ending December 31, 2006.
2. CITY Ordinance 06-085 - Stringent voting & disclosure requirements for Board
members.
VI. OLD BUSINESS
1) Revised October 1, 2005 Actuarial Valuation Report - Actuarial cost method- Entry
Age Normal and Assumed rate of return 8%.
Vll. NEW BUSINESS
A. Invoices for review and approval:
1. Russell Investment Gp. - Quarter End 12-31-2006 - $70,200
2. Russell Payment Services - Quarter End 12-31-2006 - $725.98
3. Burgess Chambers & Assoc - Quarter End 12-31-2006 - $3,750
4. Hanson, Perry & Jensen - Service Nov, Dee '06 & Jan '07 - $2,857.65
5. Ellen Schaffer - Programming Services - $180
6. Koch Reiss - Auditor Progress fee PYE 9-2006 - $2,075
7. Gabriel Roeder Smith & Co- Services N ov - $5,163 -Services Dec/J an' 07
- $4,631.
8. Micro Focus -Renewal Support for Colbalt - $43.93
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