03-19-2012 r
Edgewater Firefighter's Pension Fund
March 19, 2012
Association Building
6:00 p.m.
CALL TO ORDER:
Chairman Jollie called to order the regular meeting of the Edgewater Firefighters'
Pension Fund Board on March 19, 2012 at 6:00 p.m. at the Edgewater Fire
Rescue Association.
ROLL CALL:
Members present were Chairman Jim Jollie, Ron Hayward, Barbara Scott,
Debbie Harrison and Shontella Jackson, Recording Secretary. Also present
were David Kelly of Bowen Hanes, Jack Evatt of Bogdahn Group and Doug
Logan of Foster & Foster.
Gary Butt was absent and excused.
APPROVAL OF MINUTES:
The minutes of December 12, 2011 meeting was submitted for approval.
MOTION by Debbie Harrison, SECOND by Barbara Scott to a • • rove the
minutes of December 12, 2011 Edgewater Firefighter's Pension Board as
written. MOTION CARRIED UNANIMOUSLY.
NEW BUSINESS:
Report by Bowen Hanes
David Kelly of Bowen Hanes presented the September 30, 2011 to March 15,
2012 performance summary. The portfolio summary stands at 17.7 as of today.
The Board reviewed and discussed the portfolio summary.
Report by Bogdahn Consultants
Jack Evatt of Bogdahn Group presented the fourth quarter report ending
September 30, 2011. The Board reviewed and discussed the quarterly report.
Annual report by Foster & Foster
Doug Logan of Foster & Foster presented the annual report to the Board.
MOTION by Ron Hayward, SECOND by Barbara Scott to accept the annual
report submitted by Foster & Foster. MOTION CARRIED UNANIMOUSLY.
The Board had a brief discussion on the share plan. MOTION by Debbie
Harrison, SECOND by Ron Hayward that all buyback years be retro to the
first and adjusted accordingly. MOTION CARRIED UNANIMOUSLY. Foster
& Foster will provide a revised copy to reflect the changes.
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INVOICE(S)
Sugarman & Susskind PA $175.00
The Board tabled this item until the next schedule meeting awaiting clarification
of the invoice from Sugarman & Susskind.
ADJOURNMENT:
Chairman Jim Jollie adjourned the meeting at 7:30 p.m.
Minutes respectfully submitted by:
Shontella Jackson, Recording Secretary
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