REGULAR BOARD MEETING

WEDNESDAY, MAY 7, 2008

12:30 P.M.

A G E N D A

ELECTION OF OFFICERS:

MINUTES:                Regular Meeting                          April 9, 2008         

                                    Special Meeting                           April 9, 2008

BENEFITS:            FIRE DEPT.New Retiree:            Donald H. Williams

                                            (Term. of DROP)

                                       DROP Retirees:             Timothy R. Boyle

                                                                                  James A. Chovan     

                                                                                  Thomas N. Connor

                                                                                  Kevin K. Johns                       

                                                                                  Michael P. Ondrejicka

Vested Retirement:          Marcus D. Trobaugh

Lump Sum Refund:         Allan M. Curry

POLICE DEPT.:            New Retiree:     William J. McGarry

                                   (Term. of DROP)          Richard Temple

                                    DROP Retirees:     Kevin J.Finn

                                                                       Richard Kelly

                                    Death Benefit:     Joseph Joliet                               

BILLS:       Sawgrass Asset Mgmt.             $69,498.00                

                                    Systematic                    $51,022.69

                                                Lee Munder                   $44,092.93

                                                NorthPointe                  $43,325.69

                        InTech                            $39,760.92

                        Julius Baer                    $21,450.85

                        RhumbLine                     $7,406.72

                        Northern Trust              $31,306.46

                        Goldstein Schechter   $14,500.00

                        Atkinson, Diner et al       $7,082.88

INPUT FROM ACTIVE & RETIRED

POLICE OFFICERS & FIREFIGHTERS:

2008 ACTUARIAL REPORT:  (under separate cover)

      Stanley Holcombe & Assoc.                                Randall Stanley

QUARTERLY INVESTMENT REVIEW:  (under separate cover)

        Asset Consulting Group                                        Jason Pulos

ADMINISTRATOR'S REPORT:

            Securities Lending                                            Update

            Saxena White                                                      Report

            Pension Administrator's Contract                 Update

            Assistant Pension Administrator                   Benefit Package      

            Auditor RFP                                                         Update

            Firefighter Trustee Election                             Update                     

            Me Too II                                                                Update

            Peney Pension Overpayment                          Update

FOR YOUR INFORMATION:                         

Cypen & Cypen Newsletter              April 10, 2008

Cypen & Cypen Newsletter              April 16, 2008

Cypen & Cypen Newsletter              April 23, 2008

Cypen & Cypen Newsletter              April 30, 2008

Donaldson & Co.                                 Recapture Stmt. / March, 2008

Lynch, Jones & Ryan                         Trading Summary/March, 2008

IN ACCORDANCE WITH THE AMERICAN WITH DISABILITIES ACT OF 1990, PERSONS NEEDING A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHOULD CONTACT LYNN WENGUER NO LATER THAN FOUR DAYS PRIOR TO THE PROCEEDING.  TELEPHONE (954) 828-5595 FOR ASSISTANCE: IF HEARING IMPAIRED, TELEPHONE THE FLORIDA RELAY SERVICE NUMBERS (800) 955-8771 (TDD) OR (800) 955-8770 (VOICE) FOR ASSISTANCE.

IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING OR HEARING, HE WILL NEED A RECORD OF THE PROCEEDINGS, AND FOR SUCH PURPOSE, HE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED.  FLORIDA STATUTES 286.0105

THIS MEETING MAY BE CONDUCTED BY MEANS OF OR IN CONJUNCTION WITH COMMUNICATIONS MEDIA TECHNOLOGY, SPECIFICALLY A TELEPHONE CALL.  THE LOCATION, 888 S. ANDREWS AVENUE, SUITE 202, FORT LAUDERDALE, FLORIDA, WHICH IS OPEN TO THE PUBLIC, SHALL SERVICE AS AN ACCESS POINT.