2007-11-19 Fire Fund MeetingCity of Okeechobee
Fire Department
November 19, 2007
Okeechobee City Fire Department Trustees Meeting
Trustees Present, Bill Douglas, Glenn Hodges, Brook Conway
A motion was made by Glenn Hodges, second by Brook Conway, to accept the minutes
of August 13, 2007, motion passed.
A motion was made by Glenn Hodges, second by Bill Douglas, to accept the resignation
of Dustin Werk from pension plan, and to accept John Wooten, motion passed.
Trusco reports on Economic Overview, Market Snapshot, Account Activity. As of
9/30/07 portfolio value is $2,224,570.48 Also reports on Performance Comparisions, Plan
Composition. A new representative will be attending the meetings.
Smith Barney reports good performance as of 9/30/07. Also explains quarterly
breakdown of change in value. Discusses new contract proposal, trustees may decide on
this at the next meeting, 2/11/08
Meetings for next year will be 2/11/08 5/12/08 8/11/08 11/10/08
Attorney Christiansen believes the Smith Barney contract proposal will be high. A
motion was made By Bill Douglas, second by Glenn Hodges, to have our attorney do
requests for proposals, motion passed.
Attorney Christiansen checks on trustees terms. Advises of letter that needs to go to the
City Council for the year end report. Also discusses pre tax for retirees. A motion was
made by Glenn Hodges, second by Bill Douglas, to accept and sign pre -tax insurance for
retirees, motion passed. Discusses Summary Plan Discription. A motion was made by
Brook Conway, second by Glenn Hodges, to accept Summary Plan Discription, motion
passed.
Meeting Adjorned
William Douglas, Secretary
John Koepke, Chairman
55 S.E. Third Avenue • Okeechobee, Florida • 34974 -2932 • 863 - 467 -1586 • Fax: 863 -763 -4489