2010-11-08 Fire Fund Meeting•
Okeechobe City Firefighters
Pension Board meeting November 8, 2010
Trustees present: Bill Douglas, John Koepke, Gary Ritter.
A motion was made by John Koepke, second by Gary Ritter, to accept the minutes of the meeting of
August 14th, 2010, motion passed.
Attorney Christiansen goes over trustees terms. We will go to four years for trustee terms.
A motion was made by Gary Ritter, second by John Koepke, to keep Bill Douglas as Secretary, and John
Koepke as Chairman, motion passed. A letter needs to be sent to the City Council on our investments
and assets, Mrs. McKinney will send letter to the Council. Attorney Christiansen asks if the Summary
Plan has been given to all the employees.
Meeting Dates for 2011- February 7th, May 9th, August 8th, November 7'h. Attorney Christiansen discusses
agreement with Gabriel, Roeder, Smith & Co. A motion was made by Bill Douglas, second by John
Koepke, to accept the contract, motion passed. Attorney Christiansen discusses IRS interest in Pension
. Funds. ( Tax Determination Letter) A motion was made by Bill Douglas, second by Gary Ritter, not to
participate in the IRS program, motion passed.
Bowens Hanes discusses quarter and one year performance, Sept was an excellent month. Returns good
through 11/4/10. Bogdahn Group discusses quarter and one year performance, Market
Enviroment,Bonds. Advises plans are doing well, with good returns. Market value as of 9/30/10
$2,317.239. A motion was made by Bill Douglas, second by John Koepke, to accept the resignation of
Brook Conway as a firefighter with our Dept. and as a pension trustee, motion passed.
Meeting adjourned
William Douglas, Secretary
John Koepke, C hairman
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