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2024-02-05 General MeetingCITY OF OKEECHOBEE POLICE OFFICERS' RETIREMENT SYST OKEECHOBEE FIREFIGHTERS' RETIREMENT SYSTEM REGULAR QUARTERLY MEETING MINUTES, August 30, 2023 CITY HALL, 55 SE THIRD AVENUE OKEECHOBEE, FL 34974 1. CALLTOORDER 6y NOV 0 6 [U[3 Bettye Taylor called the meeting of the Board of Trustees for the City of Okeechobee Police Officers' and Firefighters' Retirement System to order at 5:15 PM in the Council Chamber at City Hall. She called roll for both Boards. Those persons present included: TRUSTEES OTHERS POLICE Scott Baur and Kyle Tintle, Resource Centers Bettye Taylor, Chair Jennifer Gainfort, AndCo Jason Chapman, Trustee Ryan Holroyd, Trustee Cody Daigneault, Trustee TRUSTEES Firefighters' Chief Herb Smith, Chair Glenn Hodges, Trustee Adam Crum, Trustee Joshua Sanders, Trustee Robert Sugarman, Sugarman Susskind (remote) Shelley Jones, GRS 2. Extraordinary Circumstances for Trustees Joining Electronically No Trustees joined the meeting electronically. 3. Proposed Merger Bettye Taylor wanted to know where the cost savings from the merger will be. She spent time and spoke with the Finance Director and the City Manager to hear from them what the cost saving would be. Mr. Baur provided the approximate savings of $10,000 versus the $40,000 savings Bettye Talor discussed. The trustees wanted clarification of the benefits and negatives to each plan of the merger. It was acknowledged the Firefighters' benefited from the merger by the retirees receiving the State 175 monies and an annual stipend if financially feasible. Mr. Sugarman said each Board would be losing a Board member because of the merger. A lively discussion was held by the Police Board. Glenn Hodges made a motion to approve the proposed merger and medical stipend... The motion received a second from Joshua Sanders, approved by the Trustees 3-1. Jason Chapman made a motion to table the discussion until the trustees can discuss the merger further with the membership. The motion received a second from Bettye Tayler, approved by the Trustees 3-0. Ms. Jones reviewed the updated amounts of the cost of the medical subsidy if adopted. The Police pension board departed the meeting 6:00 PM as the discussion of the merger was tabled until they had the opportunity to discuss with their membership. Meeting August 30, 2023 Page 3 of 3 Mr. Baur presented the financial statement for June 2023. The Board received and filed the interim financial statements. The Trustees reviewed the plan's expenses on the warrant dated August 7, 2023. Adam Crum made a motion to approve the warrant dated August 7, 2023. The motion received a second from Josh Saunders. The motion was approved, 4-0. 9. Appointment of Fifth Trustee A call for nominations of a fifth trustee was made. Glen Hodges nominated Josh Saunders as the S`s Trustee. The motion received a second from Herb Smith, approved by the Trustees 4-0. 10. New Business There was no new business. 11. Other Business There was no other business. 12. PUBLIC COMMENT There were no comments from the public. The meeting was adjourned at 7:30 PM The next regular quarterly meeting will be held, Monday, November 6, 2023, at 4:30 PM in the Council Chambers. Police Chair Police Secretary Firefighter Chair Firefighter Secretary 'A\ 86 MARINER FouRT« STREET PERFORMANCE PARTNERS Mariner Fact Sheet About Mariner Institutional • AnclCo Consulting, LLC and Fourth Street Performance Partners, Inc. are each separate registered investment advisers that will be acquired by Mariner with an effective date on or about April 2, 2024. The firms will then operate under a combined brand, Mariner Institutional, which will advise approximately $108* billion in assets with 100 associates. • We believe every client is unique and therefore, we advise each one individually. Our Mariner Institutional framework will support this customization and the ability to solve unique challenges for our clients. Core Institutional Services Mariner Institutional will provide our clients the following general core consulting services: Traditional Plan • Investment Policy Development • Asset Allocation & Liability Modeling and Analysis • Manager Research • Ongoing Performance Monitoring • Trustee Education Defined Contribution • Fee Benchmarking • Recordkeeper Search & Review • Fund Lineup Selection • Performance Measurement & Reporting • Trustee Education • Regulatory Updates • Resource to the Board for Strategy and Decision -making • While there are numerous non -core services that are nuanced by client and plan type, the specific tasks and application of resources largely fall within one of these core services. • These core services can be implemented within a non -discretionary or discretionary framework, depending on client needs and preferences. • Our services are designed to provide leadership guidance, strategy and oversight to any institutional portfolio of assets. Institutional Clients Client Types Assets as of 6/30/23 (in Billions) Government $59.3 Corporate $16.2 Taft -Hartley $16.0 Non -Profit $13.0 Individual $4.2 Total $108.7* About Mariner • Mariner is a multidisciplinary financial services firm with $112 billion in AUA** and 1,571 associates. • Mariner is headquartered in Overland Park, Kan. with 98 locations and serves clients across all 50 states. Business Units Mariner Wealth Mariner Ultra I Mariner Independent Mariner Workplace Mariner Institutional Wealth Services • Wealth Management • Estate Planning & Trust Services • Tax Planning & Preparation • Investment Banking, Valuation Advisory and Forensic Accounting Services • Insurance Solutions • Financial Wellness Platform and Coaching Values and Pillars Values • Caring - We care about our clients, our co-workers and our communities. We look out for one another and give to others. • Loyalty - We show loyalty to instill trust. We are loyal and trustworthy in all interactions. • Keep Promises - We keep our promises and do what we say. • Belonging - We foster a culture of security, support, and acceptance where each of our uniquely talented associates has a voice, and we listen. • Excellence - Excellence is an expectation. We strive to go above and beyond in all we do. • Optimism - We foster an optimistic outlook because attitude drive outcome. • Abundance - We show gratitude and seek opportunities that create abundance for our clients, associates and communities. Three Pillars • Best in Class Experience - For clients and associates. Positively impact the lives of many. • A Culture of Excellence - We strive for continuous improvement and accountability. • Fast, Intentional Growth - Speed is a force. Growth drives opportunity for all. Combined By the Numbers Advisors: 1,205 Compliance & Legal: 33 Performance Reporting: 36 Marketing: 33 Investment and Manager Research: 74 Information Technology: 40 Operations: 43 Practice Management: 10 Accounting & Finance: 26 Corporate Development & Strategy: 10 Human Resources: 34 Other Associates: 127 *As of 6/30/23 and represents AndCo and Fourth Street assets **As of 9/30/23 and represents Mariner This material is intended for informational and educational purposes only. The views expressed do not take into account any individual personal, financial, or tax considerations. As such, the information contained herein is not intended to be personal legal, investment, or tax advice or a solicitation to engage in a particular plan or strategy. All Information is as of the dates indicated. © Mariner. All Rights Reserved. Clients first. Consent for Assignment of Investment Advisory Agreement AndCo Consulting, LLC ("AndCo") has entered into a membership interest purchase agreement with Mariner, LLC ("Mariner") with an anticipated close date of April 2, 2024 ("Effective Date"). AndCo will be joining Mariner, a national advisory firm, as their new institutional platform. Mariner and AndCo share a strong cultural alignment focused on a client -first, objective approach. As previously communicated, you will continue to be serviced by the same consulting team and pursuant to the same terms and conditions as contained in your investment advisory agreement with AndCo ("Agreement"). However, this acquisition by Mariner is considered a change in control, and therefore deemed to be an assignment of your Agreement. Under SEC rules we are required to notify you in advance and obtain your consent for this Agreement assignment. Accordingly, we will presume that you have given your consent to the assignment of your Agreement as of the Effective Date if you do not affirmatively object in writing within 60 days after receipt of this notification. Please note that all terms and conditions of the existing Agreement will remain in full force and effect. If you have any questions, please reach out to your consulting team or feel free to directly contact our Chief Compliance Officer, Sara Searle, at (407) 627-1812 or SaraSLa)andcoconsulting.com. We greatly appreciate your support during this process. AndCo Consulting, LLC By: Name: Sara Sear e Title: Chief Compliance Officer Date: January 26, 2024 Client Name: City of Okeechobee Municipal Firefighters' Pension Trust Fund NOT REQUIRED - Optional Signature Although not required, if you would prefer to provide your written consent to the assignment of your Agreement under this change in control, you may do so by signing and dating this document in the space provided below and returning a signed copy to us (by mail or email). By Mail: AndCo Consulting, LLC Attn: Chief Compliance Officer 531 W Morse Blvd, Suite 200 Winter Park, FL 32789 By Email: Compliance( ;andcoconsultinf, corn By: Name: Title: Date: AndCo Consulting 1 531 W. Morse Blvd. I Suite 200 1 Winter Park, FL 32789 1 (844) 44-ANDCO I AndCoConsulting.com It SUGARMAN, SUSSKIND, BRASWELL & HERRERA PROFESSIONAL ASSOCIATION ATTORNEYS AT LAW Robert A. Sugarman Howard S. Sussldnd D. Marcus Braswell, Jr. Pedro A. Herrera Kenneth R. Harrison, Sr. Madison J. Levine Jose Javier Rodriguez David E. Robinson Of Counsel MEMORANDUM To: Boards of Trustees From: Sugarman Susskind Braswell & Herrera Date: January 29, 2024 Re: Annual financial disclosure (Form 1) now filed only electronically 150 Alhambra Circle Suite 725 Coral Gables, Florida 33134 (305) 529-2801 Toll Free (800) 329-2122 Facsimile (305) 447-8115 ♦ Board Certified Labor & Employment Lawyer The 2023 Florida Legislature amended Chapter 112.3145, requiring that the annual financial disclosure Form 1 — Statement of Financial Interests be filed electronically using the Florida Ethics Commission's Electronic Financial Disclosure Management System (EFDMS). hops://disclosure.floridaethics.gov/Account/Login. Form 1 is still due by July 1, 2024, and, for new trustees, within thirty days of appointment. Form 1 s will no longer be filed with the County Supervisor of Elections office. The online portal is a direct filing with the Florida Commission on Ethics ("Commission"). Information submitted through the electronic filing system is available for public inspection and copying. You are NOT required to disclose in the Form 1 any social security number; bank, mortgage, or brokerage account number; debit, charge, or credit card number; personal identification number; or taxpayer identification number. Instructions, FAQs, and tutorials for filing are available on the EFDMS website. Additional assistance can be obtained Monday -Friday from 8:00 a.m. until 5:00 p.m. by contacting the Commission at (850)488-7864. A sample of the 2023 e-file Form 1 due July 1, 2024, is attached. Pension fund trustees who are not elected public officials are NOT subject to the new expanded requirement for mayors and elected members of governing bodies of municipalities to file Form 6. If you are also an elected public official, you should confer with your city attorney about any new requirements. A 2023 Form 1- Statement of Financial Interests General Information Name: DISCLOSURE FILER Address: SAMPLE ADDRESS P D SAMPLE County: SAMPLE COUNTY AGENCY INFORMATION Organization SAMPLE Disclosure Period Suborganization SAMPLE THIS STATEMENT REFLECTS YOUR FINANCIAL INTERESTS FOR CA FBI P RIDING DECEMBER 31, 2023. Primary Sources of Income PRIMARY SOURCE OF INCOME (Over $2,5 es of income to the reporting person) (If you have nothing to report, write " /a") Name of Source of Income NSO:!Address Description of the Source's Principal Business Activity SAMPLE Printed from the Florida EFDMS System Page 1 of 4 1 2023 Form 1- Statement of Financial Interests Secondary Sources of Income SECONDARY SOURCES OF INCOME (Major customers, clients, and other sources of income to businesses owned by the reporting person) (If you have nothing to report, write "none" or "n/a") Name of Business Entity Name of Major Sources of Business' Income Address of Source in Uses Princizf Activi e Real Property REAL PROPERTY (Land, buildings owned by the reporting person) (If you have nothing to report, write "none" or "n/a") Location/Description Intangible Personal Property INTANGIBLE PERSONAL PROPERTY (Stoc o certificates of deposit, etc. over $10,000) (If you have nothing to report, write "none "n ) Type of Intangible Business Entity to Which the Property Relates SAMPLE Printed from the Florida EFDMS System Page 2 of 4 I 2023 Form 1 - Statement of Financial Interests Liabilities LIABILITIES (Major debts valued over $10,000): (If you have nothing to report, write "none" or "n/a") Name of Creditor I Address of Creditor Interests in Specified Businesses A 1% 1 INTERESTS IN SPECIFIED BUSINESSES (Ownership or positions in certain types of (If you have nothing to report, write "none" or "n/a") Business Entity # 1 Training Based on the office or position you hol fic aation of training required under Section 112.3142, F.S., is not applicable to you for this form year. SAMPLE Printed from the Florida EFDMS System Page 3 of 4 s 2023 Form 1- Statement of Financial Interests Signature of Filer Digitally signed: Filed with COE: SAMPLE Printed from the Florida EFDMS System Page 4 of 4 THE RESOURCE CENTERS, LLC 4360 Northlake Boulevard, Suite 206 ❖ Palm Beach Gardens, FL 33410 Phone (561) 624-3277 ❖ Fax (561) 624-3278 ❖ www.RESOURCECENTERS.COM January 19, 2024 TO: Board of Trustees FROM: Scott Baur and Sergio Giron Partners, Resource Centers, LLC RE: Resource Centers 2023 SSAE-18 SOC 1 Type 2 Audit Report Dear Trustees: We are delighted to once again present to you our latest SSAE-18 SOC 1 Type 2 Audit Report for the year ending September 30, 2023. Continuing our commitment to excellence and transparency, we have maintained our annual engagement with an external auditor to rigorously review our internal controls and procedures. These controls are vital in safeguarding our clients from potential errors and fraudulent activities, ensuring the integrity and security of transactions and benefits processing through our office. This year, akin to our past achievements, the audit report upholds our high standards of operation. We are proud to announce that for the 16th consecutive year, our auditors have identified no exceptions, affirming the effectiveness and reliability of our internal controls and procedures. This unbroken record of clean audits stands as a testament to our steadfast dedication to quality and precision in all our undertakings. To reiterate the significance of the audit type we undergo, it is essential to distinguish between a Type 1 and a Type 2 SOC Audit Report. While a Type 1 report outlines an organization's internal controls, it does not involve the testing of these controls. In contrast, a Type 2 report, such as ours, not only details these controls but also includes thorough testing to identify any discrepancies. This comprehensive examination provides greater assurance and reliability, allowing plan auditors to confidently depend on our controls without necessitating independent verification. Our unwavering commitment to this rigorous audit process underscores our goal to continually enhance the quality of our plan administration services. This achievement is not just a reflection of our operational standards but also a marker of the trust and confidence you place in us. We are deeply grateful for the opportunity to serve you and the members of your plan and look forward to sustaining and elevating this level of excellence in the years to come. Enclosed, please find the detailed 2023 SSAE-18 SOC 1 Type 2 Audit Report. We welcome any questions or discussions regarding this report and are always available to provide further insights into our processes and controls. Thank you for your continued trust and partnership. Since rely, ur Managing Partner S gio Giro artner and CIO Resource Centers LLC — Pension Resource Center LLC — Financial Resource Center LLC certificate of cubit This Certificate is Presented To Resource Centers, LLC For Successfully Completing The SOC 1 Type 2.' Audit of Internal Controls For the Period of October 1, 2022' to September 30, 2023 ASCEnN,,'�D AUDIT & ADVISORY Joseph E. Maddox, CPA Okeechobee Firefighters' Pension Fund Balance Sheet (Unaudited) FY 2024 Account Description End October End November End December Salem Trust Consolidated 1400 Cash and Equivalents 1410 Equities 1420 Fixed Income 99,611.76 2,445,32109 1,635,776.35 76,899.34 2,658,940.87 1,715,604.48 55,831.72 2,803,794.14 1,785,633.41 Salem Trust Total 4,180,709.20 4,451,444.69 4,645,259.27 2000 Accounts Payable - 4 625.00 TOTAL RESERVE FUND (MARKET VALUE): 4,180,709.,20 4,451,444.69 4,640,634.27 Okeechobee Firefighters' Pension Fund Statement of Income and Expense (Unaudited) FY 2024 Account Description End October End November End December Year -To -Date Income: Unrealized Gain/Loss-Salem 4310 Equities (77,685.99) 213,619.78 68,411.16 204,344.95 4320 Fixed Income (28,009.87) 79,828.13 51,962.56 103,780.82 4600 Interest & Dividend Income - 702.97 94 746.25 95 449.22 Total Income (105,695.86) 294,150.88 215,119.97 403,574.99 Account Description End October End November End December Year -To -Date Expense: 5000 Benefit Payments 20,667.78 20,667.78 20,667.78 62,003.34 6020 Investment Consultant Fees - - 4,625.00 4,625.00 6110 Administrator Fees 637.61 637.61 637.61 1,912.83 6300 Fiduciary Liability Insurance - 2,110.00 - 2,110.00 Total Expense 21,305.39 23,415.39 25,930.39 70,651.17 Reserve Fund Last Period 4,307,710.45 4,180,709.20 4,451,444.69 4,307,710.45 Balance To/ From Reserve 127 001.25 270 735.49 189 189.58 332 923.82 TOTAL RESERVE FUND 4,180,709.20 4,451,444.69 4,640,634.27 4,640,634.27 Okeechobee Municipal Firefighters' Pension Fund Warrant - Payment of Invoices February 5th, 2024 TO: Salem Trust FROM: Board of Trustees This Warrant serves as authorization to transfer the specified funds from Salem Trust Account to pay the persons named below hereby certified by the Board as due payments. Account Description Name Amount Disbursement Date Administrator Resource Centers, LLC $637.61 11/16/2023 Invoice #20453; November 2023 Admin Fees General Liability Policy Thompson Baker Agency, Inc. $2,110.00 11/16/2023 Invoice 10124 dated 09/23/23 Administrator Resource Centers, LLC $637.61 12/8/2023 Invoice #20517; December 2023 Admin Fees Administrator Resource Centers, LLC $637.61 1/8/2024 Invoice #20574; January 2024 Admin Fees Investment Consultant Andco Consulting, LLC $4,625.00 1/8/2024 Invoice 46762, services for QE 12/31/23 Actuary Gabriel, Roeder, Smith & Company $2,459.00 1/8/2024 Invoice 483597 dated 12/31/23 Custodian Salem Trust Company $1,375.00 Prepaid Fees for QE 09/30/23 TOTAL: $12,481.83 Dated this 5th Day of February, 2024. TRUSTEE TRUSTEE THE PENSION RESOURCE CENTER, LLC 4360 Northlake Boulevard, Suite 206 ❖ Palm Beach Gardens, FL 33410 -- Phone (561) 624-3277 ❖ Fax (561) 624-3278 ❖ www.RESOURCECENTERS.COM VIA EMAIL: salemoos(a)tmico.com November 16, 2023 Salem Trust Company- A Division of TMI Trust Company 1715 N Westshore Blvd. Suite 750 Tampa, FL 33607 RE: Okeechobee Municipal Firefighters' Pension Fund Disbursement Request - Accounts Payable Dear Mallory: As you know, our office serves as the administrator for the Okeechobee Municipal Firefighters' Pension Fund. The Trustees approved and will ratify the payment of the attached invoices. Please process the following disbursements accordingly: • $637.61 payable to Resource Centers, LLC., Administrative Fees for November 2023 invoice #20453. Please make check payable to: Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 • $2,110.00 payable to Thompson Baker Agency, Inc. invoice 10124 dated 09/23/23, 3rd installment payment for the Fiduciary Liability Policy effective 10/1/2021-10/1/2024. Please mail check to: ThompsonBaker Agency, Inc PO Drawer 3807 Saint Augustine, FL. 32085-3807 If you have any additional questions regarding these disbursements, please do not hesitate to contact our office at 561-624-3277. Thank you. Sincerely, Kyle Tintle Administrator Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Okeechobee Municipal Firefighters' Pension Fund Invoice Date Invoice # 11/1/2023 20453 Tax ID Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Okeechobee Municipal Firefighters' Pension Monthly Administrator Fee for November 2023 637.61 637.61 Total Amount Due $637.61 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above. If you have any questions concerning this invoice, please contact Michael Burr at Resource Centers, LLC Phone 561.459.2985 or email - michael@resourcecenters.com (11oni sorlbaker fiecause it's your future. ThompsonBaker Agency, Inc. PO Drawer 3807 Saint Augustine FL 32085-3807 Phone: (904) 824-1631 Okeechobee Firefighters Retirement System 4360 Northlake Blvd, Suite 206 Palm Beach Gardens, FL 33410 Invoice # 10124 Page 1 ACCOUNTNO. Role Date OKEEUTI-01 BLOCK 9/23/2023 Policy # 105998900 Company Travelers Producer Matt Baker Effective Expiration Balance Due on 10/1/2021 10/1/2024 10/1/23 AMOUNT PAID AMOUNT DUE $ 2,100.00 Item # Due Date Trans Policy Type Description Amount 1 10/1/23 RENB GLIA Firefighters Fiduciary $ 2,110.00 Liability Renewal -3rd of 3 Year Renewal Invoice Balance: $ 2,110.00 *Please make check payable to ThompsonBaker Agency, Inc. THE PENSION RESOURCE CENTER, LLC 4360 Northlake Boulevard, Suite 206 Palm Beach Gardens, FL 33410 Phone (561) 624-3277 ❖ Fax (561) 624-3278 ❖ www.RESOURCECENTERS.COM VIA EMAIL: salemops(o)tmico.com December 8, 2023 Salem Trust Company- A Division of TMI Trust Company 1715 N Westshore Blvd. Suite 750 Tampa, FL 33607 RE: Okeechobee Municipal Firefighters' Pension Fund Disbursement Request - Accounts Payable Dear Mallory: As you know, our office serves as the administrator for the Okeechobee Municipal Firefighters' Pension Fund. The Trustees approved and will ratify the payment of the attached invoices. Please process the following disbursements accordingly: • $637.61 payable to Resource Centers, LLC., Administrative Fees for December 2023 invoice #20517. Please make check payable to: Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 If you have any additional questions regarding these disbursements, please do not hesitate to contact our office at 561-624-3277. Thank you. Sincerely, Kyle intle Administrator Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Okeechobee Municipal Firefighters' Pension Fund Invoice Date Invoice # 12/1/2023 20517 Tax ID Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Okeechobee Municipal Firefighters' Pension Monthly Administrator Fee for December 2023 637.61 637.61 Total Amount Due $637.61 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above. If you have any questions concerning this invoice, please contact Michael Burr at Resource Centers, LLC Phone 561.459.2985 or email - michael@resourcecenters.com THE PENSION RESOURCE CENTER, LLC 4360 Northlake Boulevard, Suite 206 •:' Palm Beach Gardens, FL 33410 - Phone (561) 624-3277 ❖ Fax (561) 624-3278 ❖ www.RESOURCECENTERS.COM VIA EMAIL: salemops(cbtmico.com January 8, 2024 Salem Trust Company- A Division of TMI Trust Company 1715 N Westshore Blvd. Suite 750 Tampa, FL 33607 RE: Okeechobee Municipal Firefighters' Pension Fund Disbursement Request - Accounts Payable Dear Mallory: As you know, our office serves as the administrator- for the Okeechobee Municipal Firefighters' Pension Fund. The Trustees approved and will ratify the payment of the attached invoices. Please process the following disbursements accordingly: • $637.61 payable to Resource Centers, LLC., Administrative Fees for January 2024 invoice #20574. Please make check payable to: Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 • $4,625.00 payable to AndCo Consulting, LLC.,, services through QE 12/31/23, invoice 46762. Please mail the check to: AndCo 531 W. Morse Blvd., Suite 200 Winter Park, FL. 32789 $2,459.00 payable to Gabriel, Roeder, Smith & Company, Actuarial Services through QE 12/31/23, invoice 483597 dated 12/27/23. Please mail the check to: Gabriel Roeder Smith &: Company One East Broward Blvd, Suite 505 Ft. Lauderdale, FL 33301-1804 If you have any additional questions regarding these disbursements, please do not hesitate to contact our office at 561-624-3277. Thank: you. Sincerely, Kyle Tintle Administrator Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Okeechobee Municipal Firefighters' Pension Fund Invoice Date Invoice # 1/1/2024 20574 Tax ID Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Okeechobee Municipal Firefighters' Pension Monthly Administrator Fee for January 2024 637.61 637.61 Total Amount Due $637.61 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above. If you have any questions concerning this invoice, please contact Michael Burr at Resource Centers, LLC Phone 561.459.2985 or email - michael@resourcecenters.com AndCo Consulting, LLC 531 W Morse Blvd Ste 200 Winter Park, FL 32789 844-442-6326 ar@andcoconsulting.com INVOICE BILL TO INVOICE Kyle Tintle DATE Okeechobee Firefighters Pension DESCRIPTION Consulting Services and Performance Evaluation, Billed Quarterly (October, 2023) Consulting Services and Performance Evaluation, Billed Quarterly (November, 2023) Consulting Services and Performance Evaluation, Billed Quarterly (December, 2023) It is our horror and privilege to provide excel Ience service. If this is not your experience, please BALANCE DUE us immediately. 46762 12/29/2023 AMOUNT 1,541.67 1,541.67 1,541.66 $4,625.00 Page 1 of 1 G R J C Gabriel, Roeder, Smith & Company One East Broward Blvd. Suite 505 Ft. Lauderdale, Florida 33301-1804 Invoice (954) 527-1616 12/27/2023 483597 City of Okeechobee Firefighter's Pension Plan Dept. # 78009 Resource Centers, LLC Gabriel, Roeder, Smith & Company Attention: Mr Scott Baur, Pension Administrator PO Box 78000 4360 Northlake Blvd., Suite 206 Detroit, Michigan 48278-0009 Palm Beach Gardens, Florida 33410 Professional actuarial and consulting services as provided under our Actuarial Services Agreement dated November 8, 2010 as amended February 5, 2018. FIXED -FEE SERVICES for the quarter ended December 31, 2023 including: - Progress work on October 1, 2023 Actuarial Valuation Report SPECIAL CONSULTING SERVICES rendered during the quarter ended December 31, 2023: - Calculation of Benefits (McGee - 11/2) Amount Due 38-1691268 Amount -I 2,084.00 375.00 $2,459 PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. Page 1 of 1 ST SALEMTRUST 6 dvISION OF ARGEMT INSTMITIONAL TRUST CO. The Resource Centers, LLC Scott Baur 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 scott(a).resourcecenters.com kyle(cDresourcecenters.com paymentgroup(a)resourcecenters.com Fee Advice for Period October 1, 2023 Total Market Value for Fund: $4,650,590.96 Detail of Calculation: Market Value Basis Point Rate $4,650,590.96 0.0006 January 11, 2024 Fee A/C# M44560 Okeechobee Fire to December 31, 2023 BPs Annual Fee Quarterly Fee $2,790.35 $697.59 Minimum Fee $677.41 TOTAL FEE $1,375.00 These fees will automatically be charged to your account. If you have any questions, please contact Inez Garcia at 813.288.4990. 1715 N. WESTSHORE BLVD., SUITE 750 TAMPA, FL 33607 TEL, (877) 382-5268 FAX (813) 301-1295 www.salemtrust.com Okeechobee Municipal Firefighters' Pension Fund Warrant - Payment of Invoices November 6th, 2023 TO: Salem Trust FROM: Board of Trustees This Warrant serves as authorization to transfer the specified funds from Salem Trust Account to pay the persons named below hereby certified by the Board as due payments. Account Description Name Amount Disbursement Date Administrator Resource Centers, LLC $637.61 8/14/2023 Invoice #20258; August 2023 Admin Fees Administrator Resource Centers, LLC $637.61 9/7/2023 Invoice #20326; September 2023 Admin Fees Auditor Dibartolomeo, McBee, Hartley & Barnes $2,000.00 9/7/2023 Invoice 90094725 dated 08/28/23 Administrator Resource Centers, LLC $637.61 10/12/2023 Invoice #20388; October 2023 Admin Fees Investment Consultant Andco Consulting, LLC $4,625.00 10/12/2023 Invoice 44773, services for QE 09/30/23 Actuary Gabriel, Roeder, Smith & Company $10,903.00 10/12/2023 Invoice 481973 dated 10/02/23 Custodian Salem Trust Company Fees for QE 09/30/23 $1,375.00 Prepaid TOTAL: $20,815.83 Dated this 6th Day of November, 2023. TRUSTEE TRUSTEE THE PENSION RESOURCE CENTER, LLC ' 4360 Northlake Boulevard, Suite 206 ❖ Palm Beach Gardens, FL 33410 Phone (561) 624-3277 ❖ Fax (561) 624-3278 ❖ www.RESOURCECENTERS.COM VIA EMAIL: salemops@tmico.com August 14, 2023 Salem Trust Company- A Division of TMI Trust Company 1715 N Westshore Blvd. Suite 750 Tampa, FL 33607 RE: Okeechobee Municipal Firefighters' Pension Fund Disbursement Request — Accounts Payable Dear Mallory: As you know, our office serves as the administrator for the Okeechobee Municipal Firefighters' Pension Fund. The Trustees approved and will ratify the payment of the attached invoices. Please process the following disbursements accordingly: • $637.61 payable to Resource Centers, LLC., Administrative Fees for August 2023 invoice #20258. Please make check payable to: Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 If you have any additional questions regarding these disbursements, please do not hesitate to contact our office at 561-624-3277. Thank you. Sincerely, Kyle Tintle Administrator Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Okeechobee Municipal Firefighters' Pension Fund Invoice Date Invoice # 8/1/2023 20258 Tax ID Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Okeechobee Municipal Firefighters' Pension Monthly Administrator Fee for August 2023 637.61 637.61 Total Amount Due $637.61 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above. If you have any questions concerning this invoice, please contact Michael Burr at Resource Centers, LLC Phone 561.459.2985 or email - michael@resourcecenters.com THE PENSION RESOURCE CENTER, LLC 4360 Northlake Boulevard, Suite 206 ❖ Palm Beach Gardens, FL 33410 L' Phone (561) 624-3277 ❖ Fax (561) 624-3278 ❖ vwww.RESOURCECENTERS.COM VIA EMAIL: salemopsOtmico.com September 7, 2023 Salem Trust Company- A Division of TMI Trust Company 1715 N Westshore Blvd. Suite 750 Tampa, FL 33607 RE: Okeechobee Municipal Firefighters' Pension Fund Disbursement Request - Accounts Payable Dear Mallory: As you know, our office serves as the administrator for the Okeechobee Municipal Firefighters' Pension Fund. The Trustees approved and will ratify the payment of the attached invoices. Please process the following disbursements accordingly: • $637.61 payable to Resource Centers, LLC., Administrative Fees for September 2023 invoice #20326. Please make check payable to: Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 $2,000.00 payable to Dibartolomeo, McBee, Hartley & Barnes, PA, services regarding the preparation of 2022 State Reporting, invoice 90094725. Please mail the check to: Dibartolomeo, McBee, Hartley & Barnes, PA 2222 Colonial Road, Suite 200 Fort Pierce, FL 34950 If you have any additional questions regarding these disbursements, please do not hesitate to contact our office at 561-624-3277. Thank you. Sincerely, Kyle Tintle Administrator M Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Okeechobee Municipal Firefighters' Pension Fund Invoice Date Invoice # 9/1/2023 20326 Tax ID Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Okeechobee Municipal Firefighters' Pension Monthly Administrator Fee for September 2023 637.61 637.61 -dotal Amount Due $637.61 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above. If you have any questions concerning this invoice, please contact Michael Burr at Resource Centers, LLC Phone 561.459.2985 or email - michael@resourcecenters.com Dibartolomeo, McBee, Hartley & Barnes, PA 2222 Colonial Road, Suite 200 Fort Pierce, FL 34950 Tel: 461-8833 Fax: (772) 461-8872 Okeechobee Firefighters' Pension Trust Fund c/o The Resource Centers - Kyle Tintle 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Services rendered for preparation of 2022 State Report for Okeechobee Municipal Firefighters' Pension Trust Fund August 28, 2023 Invoice: 90094725 $2,000.00 Invoice Total $2,000.00 THE PENSION RESOURCE CENTER, LLC 4360 Northlake Boulevard, Suite 206 •.' Palm Beach Gardens, FL 33410 Phone (561) 624-3277 ❖ Fax (561) 624-3278 •:' WWW.RESOURCECENTERS.COM VIA EMAIL: salemoos()tmico.com October 12, 2023 Salem Trust Company- A Division of TMI Trust Company 1715 N Westshore Blvd. Suite 750 Tampa, FL 33607 RE: Okeechobee Municipal Firefighters' Pension Fund Disbursement Request - Accounts Payable Dear Mallory: As you know, our office serves as the administrator for the Okeechobee Municipal Firefighters' Pension Fund. The Trustees approved and will ratify the payment of the attached invoices. Please process the following disbursements accordingly: • $637.61 payable to Resource Centers LLC., Administrative Fees for October 2023 invoice #20388. Please make check payable to: Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 • $4,625.00 payable to AndCo Consulting, LLC., services through QE 0N30/23, invoice 44773. Please mail the check to: AndCo 531 W. Morse Blvd., Suite 200 Winter Park, FL. 32789 $10,903.00 payable to Gabriel, Roeder, Smith & Company, Actuarial Services through QE 09/30/23, invoice 481973 dated 10/02/23. Please mail the check to: Gabriel Roeder Smith &: Company One East Broward Blvd, Suite 505 Ft. Lauderdale, FL 33301-1804 If you have any additional questions regarding these disbursements, please do not hesitate to contact our office at 561-624-3277. Thank. you. Sincerely, Kyle Tintle Administrator M Resource Centers, LLC 4360 Northlake Blvd., Suite 206 Palm Beach Gardens, FL 33410 Bill To Okeechobee Municipal Firefighters' Pension Fund Invoice Date Invoice # 10/1/2023 20388 Tax ID Pension Resource Center 36-4504183 Resource Centers 87-0800468 Description Qty Rate Amount Okeechobee Municipal Firefighters' Pension Monthly Administrator Fee for October 2023 637.61 637.61 Total Amount Due $637.61 Mail Payments to: Resource Centers, LLC at Palm Beach Gardens address above. If you have any questions concerning this invoice, please contact Michael Burr at Resource Centers, LLC Phone 561.459.2985 or email - michael@resourcecenters.com REVIEWED AndCo Consulting, LLC 531 W Morse Blvd Ste 200 Winter Park, FL 32789 844-442-6326 ar@andcoconsulting.com INVOICE BILL TO Kyle Tintle Okeechobee Firefighters Pension DESCRIPTION INVOICE DATE Consulting Services and Performance Evaluation, Billed Quarterly (July, 2023) Consulting Services and Performance Evaluation, Billed Quarterly (August, 2023) Consulting Services and Performance Evaluation, Billed Quarterly (September, 2023) It is our honor and privilege to provide excellence service. If this is not your experience, please ALAI\CE DUE contact us immediately. 45956 09/29/2023 AMOUNT 1,541.67 1,541.67 1,541.66 $4,625.00 REVIEWED ill Page 1 of 1 G R S Gabriel, Roeder, Smith & Company One East Broward Blvd. Suite 505 Ft. Lauderdale, Florida 33301-1804 Invoice (954) 527-1616 10/2/2023 481973 111h Please Remit To: City of Okeechobee Firefighter's Pension Plan Dept. # 78009 Resource Centers, LLC Gabriel, Roeder, Smith & Company Attention: Mr Scott Baur, Pension Administrator PO Box 78000 4360 Northlake Blvd., Suite 206 Detroit, Michigan 48278-0009 Palm Beach Gardens, Florida 33410 38-1691268 Professional actuarial and consulting services as provided under our Actuarial Services Agreement dated November 8, 2010 as amended February 5, 2018. FIXED -FEE SERVICES for the quarter ended September 30, 2023 including: 2,084.00 - Progress work on the October 1, 2023 Actuarial Valuation Report including data request SPECIAL CONSULTING SERVICES rendered during the quarter ended September 30, 2023: - Preparation of Calculation of Benefits (Weeks - 8/25) 362.00 - Actuarial assistance with proposed stipend / reserve fund including review of proposed 8,457.00 Ordinance and preparation for and attendance at special Board meeting Amount Due $10,903 REVIEWED PLEASE INDICATE THE INVOICE NUMBER ON YOUR REMITTANCE. THANK YOU. Page 1 of 1 ST SALEM TRUST A DIVISION OF ARGENT INSTITUTIONAL TRUST CO. October 12, 2023 The Resource Centers, LLC Scott Baur Fee A/C# M44560 4360 Northlake Blvd., Suite 206 Okeechobee Fire Palm Beach Gardens, FL 33410 scott(a)resourcecenters.com kyle(cDresourcecenters.com paymentgroup(a)resourcecenters.com Fee Advice for Period July 1, 2023 to September 30, 2023 Total Market Value for Fund: $4,246,793.10 Detail of Calculation: Market Value Basis Point Rate BPs Annual Fee Quarterly Fee $4,246,793.10 0.0006 $2,548.08 $637.02 Minimum Fee $737.98 TOTAL FEE $1,375.00 These fees will automatically be charged to your account. If you have any questions, please contact Inez Garcia at 813.288.4990. 1715 N. WESTSHORE BLVD., SUITE 750 TAMPA, FL 33607 TEL (877) 382-5268 FAX (813) 301-1295 www.salemtrust.com THE RESOU,1�;E, Q NITERS, LLC_ 2024 UPCOMING CONFERENCE LIST (Florida and Georgia Conferences) FPPTA (Florida Public Pension Trustee Association) (www.fppta.org) 2024 Winter Trustee School Rosen Centre, Orlando 2024 401h Annual Conference Renaissance Orlando Sea World, Orlando 2024 Fall Trustee School Hilton Bonnet Creek Orlando 2025 Winter Trustee School Renaissance Orlando Sea World, Orlando 2025 41' Annual Conference Omni ChapionsGate, Orlando 2025 Fall Trustee School Sawgrass Mariott Golf & Spa Resort, Ponte Vedra Beach January 28 — 31, 2024 June 23 — 26, 2024 September 22 — 25, 2024 January 26 — 29, 2025 June 22 — 26, 2025 October 5 — 8, 2025 GAPPT (Georgia Association of Public Pension Trustees) (www.gappt.org) 151h Annual Conference March 24 — 27, 2024 Hyatt Regency —Savannah, GA 10th Annual Trustee School September 16-18, 2024 Historic Iron Works & Columbus Marriott, Columbus, GA Florida Division of Management Services (Municipal Police Officers & Firefighters Retirement Fund Office) Trustee School Annual Conference May 2024 (Dates TBA) September 2024 (Dates TBA) Note: This list of upcoming conferences was compiled exclusively for Florida and Georgia public pension board clients of the Resource Centers, LLC. The list is not comprehensive. The Resource Centers has no affiliation other than affiliate membership with any organization appearing on the list; therefore, the list is not meant to imply a specific endorsement for any organization or conference appearing on the list. (Key Additional Conferences) International Foundation of Employee Benefit Plans (IFEBP) (www.ifebp.org) 701h Annual Employee Benefits Conference November 10 —13, 2024 San Diego, CA (Please refer to website for many additional conferences) NCPERS (National Conference on Public Employee Retirement Systems) (www.ncpers.org) 2024 Legislative Conference Washington, DC 2024 Annual Conference & Exhibition Seattle, WA Opal Group (www.OpalGroup.net) Public Funds Summit 2024 Scottsdale, AZ January 21— 22, 2024 May 19 — 22, 2024 January 8 — 9 2024 National Association of State Retirement Plan Administrators (www.NASRA.net) 2024 Annual Conference Pittsburgh, PA August 3 — 7, 2024 NAPO 351h Annual Police, Fire EMS & Municipal Employee Pension Conference (www.NAPO.org) 2024 Annual Conference Las Vegas, NV January 28 — 30, 2024 Clients first. To Our Valued Clients Happy New Year! We hope everyone had a wonderful holiday and we look forward to a great 2024 working together. In last year's firm update letter, I shared AnclCo's approach to strategic decision making and how corporate investment has always been run through the filter of "Does this put our clients' interests first?" This simple question has been the foundational tenant of AndCo since our inception nearly 25 years ago. While we have continued to pursue and refine the objectives of our corporate strategy through this lens over time, we have also listened to feedback from clients and prospects regarding their desire for additional high -quality, single -provider services in the institutional space, including participant education, financial wellness, and in some cases, the ability to help individual employees with retirement planning if requested by clients and/or plan participants. As AndCo contemplated our future strategic position relative to the evolving needs of our clients and the institutional marketplace, we embarked on a thoughtful process of evaluating potential options that would enhance both our client relationships and the professional growth of our team members. We ultimately determined that partnering with a complementary firm to augment our services through enhanced infrastructure, human capital, and financial resources, was the best path forward for our clients and colleagues. We are thrilled to announce that AndCo will be joining Mariner, a national advisory firm, as their new institutional platform. Mariner and AndCo share a strong cultural alignment focused on a client -first, objective approach. Mariner's purchase of AndCo represents a new institutional vertical in Mariner's service offerings that will combine AndCo's experience, knowledge, and services in the institutional consulting space with Mariner's strong position in the wealth space. We will operate as one firm positioned to provide comprehensive services to our valued clients. Importantly, since Mariner does not currently have an institutional advisory practice, the same AndCo team members currently supporting our clients will continue to deliver the same services, tools, and guidance our clients value. We have worked very hard over the years to earn your trust and we look forward to talking with you at our next meeting to share more information about this exciting new partnership and the consent process. If you have questions prior to our next meeting, please reach out to your consultant or to me directly via the contact information below as I would welcome the opportunity to speak with you. We deeply value and remain committed to our client relationships. Thank you for your partnership and the opportunity to ontinue serving you. /ikMe CEO mikew@andcoconsulting.com 407-627-1801 Confidential information intended solely for the recipient and not for distribution to the public AndCo Consulting 1 531 W Morse Blvd I Suite 203 1 Winter Park. FL 32 889 1 (844) 44-ANDCO I AndCoConsulhng.com