2006-05-08 Fire Fund MeetingCity of Okeechobee
Fire Department
Okeechobee City Firefighters Pension Board Meeting
May 8, 2006
Trustees present: Bill Douglas, John Koepke, Brian O"Cain.
The minutes of the previous meeting of February 13`h, 2006, were approved by motion of
Brian O"Cain, second by John Koepke, motion passed.
Trusco discusses Market Snapshot, Account Activity, Performance Comparisions,
Portfolio Composition.
Smith Barney discusses performance as of 3/31 /06.
Gabriel, Roeder, Smith, & Co. discusses the Actuarial Valuation. A motion was made by
Brian O"Cain, second by John Koepke, to accept the Actuarial Valuation, motion passed.
Our attorney discusses investment return. A motion was made by John Koepke, second
by Bill Douglas, to expect a 7% return on investments, motion passed.
A chairman needs to be re-elected for each board at our meeting in August.
Meeting Adjourned
William Douglas
Secretary
55 S.E. Third Avenue o Okeechobee, Florida • 34974-2932 • 863-467-1586 • Fax: 863-763-4489