2015-05-04 Police Fund MeetingN
TRUSTEE ATTENDANCE:
POLICE:
� CITY OF OKEECHOBEE�
POLICE PENSION BOARD
Meeting May 4 , 2015
Okeechobee Police Department
55 SE 3�d AVe
OKEECHOBEE, FL 34974
Present: Bettye Taylor, Secretary
Dennis Davis-Chairman
Jack Boon
Absent: Bill Ba�lett
Ray Worley
1. CALL TO ORDER REGULAR MEETING: 6:50 PM by Denny Davis.
2. Bettye Taylor moved to approve minutes from February 2 and February 5, 2015 meetings without reading. Jack Boon
seconded motion. Motion passed.
3. Jack Boon moved to approve Treasury Report for 2nd Quarter. Seconded by Bettye Taylor. Motion carried unanimously.
4. New Business:
1.
2.
3.
4.
5.
Bettye Taylor moved to approve Auditors Report as presented by Jay McBee dated September 30, 2014
seconded by Jack Boon. Motion carried unanimously.
Bettye Taylor moved to approve the Acturarial Report as presented by Gabriel Roeder Smith & Co. Jack Boon
seconded motion. Mo6on carried unanimously.
Bettye Taylor moved to approve Agreement for Pension Administration between Okeechobee Utility Authority
and Board of Trustees. Jack Boon seconded motion. Motion carried unanimously.
Request from Salem Trust for fee increase tabled until Attomey Scott Christiansen could rewrite the agreement
Bettye Taylor moved to approve based on the advice of the Consultation Jack Evatt an expected 7% rate of
investment retum for the next year and several years after and the long term thereafter. Jack Boon seconded
the motion. Motion carried unanimously.
5. Jack Boon moved to adjoum meeting at 6:55 Pm. 2^� by Bettye Taylor. Motion carried.
�"`"Z L(/
Prepared by: Bettye Taylor-Secretary
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