2012-05-14 Fire Fund MeetingMay 14, 2012
City of Okeechobee Firefighters Pension Board Meeting
Trustees Present- Bill Douglas, Glenn Hodges, Mike Skipper.
This meeting is being held on this date due to lack of quorum at the regular meeting on May7th,2012.
A motion was made by Glenn Hodges to accept the minutes of February 13th, 2012, second by Mike
Skipper, motion passed.
Bowen Hanes reports that the market has steady for the last 6 months. Europe has been a worry. Asian
markets have been doing well. Ending market value of fund as of 4/30/12 is $2,620,227.78. He also
reviews stocks that have been invested in.
The Bodgahn Group discusses international markets. International Equity performance was strong for
the quarter. Asset Allocation as of 12/31/11 is $2,493,157. Also discusses Comparative Performance as
of 3/31/12.
A motion was made by Bill Douglas, second by Glenn Hodges, to allow Salem Trust to have a Receipt and
Disbursment account, motion passed. The Bodgahn Group discusses Investment Managers Evaluations.
Bowen Hanes gives report on their overall performance. The Bodgahn Group feels we can do better in
certain areas. Attorney Christiansen advises that the City Council approved the ordinances as presented.
No bills pending as of noe in Tallahassee. Attorney Christiansen will do an RFP for Actuary firms, not
including Gabriel Roeder. A motion was made by Bill Douglas, second by Glenn Hodges to approve this,
motion passed.
Meeting Adjorned
William Douglas, Secretary
John Koepke, Chairman