03-17-2014 CITY OF EDGEWATER
FIREFIGHTERS'PENSION BOARD OF TRUSTEES QUARTERLY MEETING
So CITY HALL COUNCIL CHAMBERS
104 N. Riverside Drive, Edgewater, Florida 32132
AGENDA
Monday, March 17, 2014- 6:00 P.M.
Pursuant to Chapter 286, RS., if an individual decides to appeal any decision made with respect to any matter considered at a meeting or
hearing, that individual will need a record of the proceedings and will need to insure that a verbatim record of the proceedings is made.In
accordance with the Americans with Disabilities Act,persons needing assistance to participate in any of these proceedings should contact
City Clerk Bonnie Wenzel,386-424-2400,Ext#1101,prior to the meeting.
I. CALL TO ORDER/ROLL CALL/DETERMINATION OF A QUORUM
H. PUBLIC COMMENTS
III. APPROVAL OF MINUTES
1. December 16, 2013 Quarterly Meeting
IV. NEW BUSINESS
1. Board Elections
a. Dominick Fede, Chairman,term expires 4/7/14
b. Justin Nickels, Secretary,term expires 4/7/14
c. Barbara Scott, Council appointed Trustee,term expires 5/19/14
2. Fees incurred by the Board due to Salem Trust's transition to a new accounting
system.
V. OLD BUSINESS
VI. REPORTS (ATTORNEY/CONSULTANTS)
1. The Bogdahn Group, Performance Consultant,Jack Evatt
a.Quarterly Report,as of December 31, 2013
2. Foster&Foster, Board Actuary, Doug Lozen EA
a.October 1, 2013 Actuarial Valuation Report
3. Bowen, Hanes &Company, David Kelly
a.Quarterly Report,as of December 31, 2013
VII. PROCESSED DISBURSEMENTS/RETURN OF CONTRIBUTIONS/DEPOSITS
DISBURSEMENTS:
1. Sugarman&Susskind,professional legal fees from 11/1/2013-11/27/2013,
invoice 92630 - $2,493.75
2. Sugarman&Susskind,professional legal fees from 12/10/2013-12/13/13,no
invoice number noted, - $816.67
3. Sugarman&Susskind,professional legal fees for 12/16/13 Board meeting,invoice
93627 - $1,225.00
4. Sugarman&Susskind,professional legal fees from 1/2/14-1/15/14, no invoice
number noted - $175.00
S. Foster&Foster,plan administration services,invoice 5810 - $4,772.26
6. Bowen, Hanes &Company,management fees for 10/1/2013 through 12/31/2013 -
$11,107.91
7. The Bogdahn Group,performance evaluation and consulting services 01/01/2014
through 03/31/2014,invoice 9998 - $3,625
8. Foster&Foster,actuarial consulting services,invoice 5831 - $1,750.00
9. Salem Trust,custodian fees for 10/1/13 through 12/31/13, - $1,250.00 (fee will
automatically be charged to the account)
DEPOSITS: None
VIII. STAFF REPORTS, DISCUSSION,AND ACTION
1. Ferrell Jenne, Plan Administrator
a.Sugarman&Susskind,fee increase letter
b.The Bogdahn Group,updated agreement(see attached minutes from
December 14,2009)
c.Update Salem Trust signature authorization
d.Update on State Annual Report
e. 2014 FPPTA membership, $600 per year
1. Allows the Board to attend schools/conferences
2. Receive The Voice magazine
3. Online capabilities
f. FPPTA Trustee Education School
1. 30th Annual Conference June 29, 2014-July 2, 2014 in Orlando
a. Fee is $500/person or on-site for$550/person
2. Fall Trustee School October 5, 2014-October 8, 2014 in Bonita
Springs, FL
a. Fee is $450/person or$500 on-site
IX. TRUSTEES'REPORTS, DISCUSSION,AND ACTION
X. ADJOURNMENT
NEXT MEETING DATE: June 16, 2014 at 6:OOPM