1992-03-30 Police Fund MeetingCITY OF OKEECHOBEE
POLICE PENSION FUND MEETING
MARCH 30, 1992
TRUSTEE'S PRESENT: LARRY MOBLEY, LARRY COONFARE,
CATHY KOZOL AND STEVE NELSON.
OTHERS PRESENT: SCOTT CHRISTIANSON AS LEGAL COUNCIL.
MEETING IS COMBINED WITH POLICE, FIRE AND GENERAL
EMPLOYEE'S BOARDS PRESENT.
MEETING CALLED TO ORDER AT 6:52 P.M..
MOTION BY LARRY COONFARE TO ACCEPT THE MINUTES OF THE
OCTOBER 21, 1991 MEETING. SECONDED BY CATHY KOZOL.
MOTION WAS UNANIMOUSLY CARRIED.
MOTION BY CATHY KOZOL TO ACCEPT TERRY RUSSELL AS A NEW
MEMBER. SECONDED BY LARRY COONFARE.
MOTION WAS UNANIMOUSLY CARRIED.
MOTION BY CATHY KOZOL TO ACCEPT THE TERMINATION OF DONNIE
YATES AND TO APPROVE A REIMBURSEMENT TO DONNIE YATES IN
THE AMOUNT OF $1282.46. SECONDED BY LARRY COONFARE.
MOTION WAS UNANIMOUSLY CARRIED.
MOTION BY LARRY COONFARE TO APPROVE THE FOLLOWING
EXPENDITURES: $1336.48 TO CHRISTIANSON, DEHNER & WATTS,
ATTORNEY: $581.00 TO HILL, BARTH & KING, AUDITOR: $1974.67
TO INVESCO, MONEY MANAGERS: $1806.47 TO KRUSE, O'CONNER &
LING, ACTUARIAL. SECONDED BY CATHY KOZOL.
MOTION WAS UNANIMOUSLY CARRIED.
SCOTT CHRISTIANSON REVIEWS THE ACTUARIAL REPORTS AND
PENSION PLAN DRAFTS. LARRY MOBLEY QUESTIONS SCOTT
CHRISTIANSON ON THE STATUTORY REQUIREMENTS OF HAVING A
PERFORMANCE MONITOR. CHRISTIANSON ADVISES THAT IT IS NO
LONGER A STATUTORY REQUIREMENT BUT HE STRONGLY URGES THE
BOARDS TO KEEP A PERFORMANCE MONITOR TO ASSIST TRUSTEE'S
IN THEIR FUDICIAL RESPONSIBILITIES.
DISCUSSION OF POSSIBLE ACTUARIAL FIRM CHANGE WAS TABLED
UNTIL THE BOARDS NEXT MEETING.
MOTION BY CATHY KOZOL TO AUTHORIZE SCOTT CHRISTIANSON TO
PRESENT THE PROPOSED PENSION PLAN DRAFT TO THE OKEECHOBEE
CITY COUNCIL FOR POSSIBLE APPROVAL. SECONDED BY STEVE
NELSON. MOTION WAS UNANIMOUSLY CARRIED.
MOTION BY CATHY KOZOL TO ADJOURN THE MEETING. SECONDED BY
STEVE NELSON. MOTION WAS UNANIMOUSLY CARRIED.
MEETING ADJOURNED AT 8:02 P.M..
POLICE FUND CHAIRMAN
POLICE FUND SECRETARY;