Volunteer Firefighter Relief Fund Committee

City of Norwich Volunteer Firefighters’ Relief Fund Committee Minutes Meeting #106, December 3, 2007 The Volunteer Firefighters’ Relief Fund Committee held its 106th meeting on Monday, December 3, 2007, at 5:00 p.m. in room 209, City Hall, Norwich, Connecticut. 1. Roll Call Members present were: Richard Benoit, Taftville Thomas Dawkins, Personnel Manager Joseph Kochanski, Laurel Hill Karen Mankowski, Occum Donald Leary, East Great Plain Joshua Pothier, Assistant Comptroller Brian Curtin, City Treasurer Frank Davis, Citizen Appointee Thomas Quinley, Yantic Members absent were: Red McKeon, Occum/Past Chairman Joseph Ruffo, Comptroller Richard Benoit called the meeting to order at 5:04 p.m. 2. Minutes: The November 5 & 19 special meeting minutes were reviewed. Mr. Curtain noted a typographical error with the Treasurer’s Report and requested that the minutes reflect the amount of money moved to the State of Connecticut STIF account was $125,000, as requested by the Committee at the November 5 meeting. Mr. Donald Leary made the motion to accept the minutes with the correction, Mr. Dawkins seconded. Approved. 3. Reports: Treasurer Report: None. The next Treasurer’s Report will be available at the December 13, 2007 meeting. 4. Communications: a. Hooker & Holcombe representative, Art Meizner, could not attend this meeting due to an unavoidable last minute conflict. Therefore, the Committee has requested that the meeting be rescheduled for Thursday, December 13, 2007 at 1700hrs. Mr. Dawkins took an action item, to contact Hooker & Holcombe to ensure that Mr. Meizner is aware of the new meeting date and time. b. Mr. Pothier stated to the Committee that based on Governmental Accounting Standards Board Statement 27 Paragraphs 9 &10, actuarial reviews are recommended to be performed biennially (once every 2 years). At this time, the Comptroller’s Office recommends that the frequency of review remains biennially. Mr. Pothier also stated that he will provide individual departmental census data sheets for each of the Volunteer Fire  Companies at the next regular meeting. He requests that these census sheets be reviewed and updated by the Department Representatives and returned to the Comptroller’s office by January 2008. 5. Old Business: None 6. New Business a. Mr. Benoit informed that committee that the goal of the December 13, 2007 meeting is to finalize agreement details with Hooker & Holcombe and move forward with selecting an investment portfolio. b. Mr. Quinley asked Mr. Curtain if the Eastern Federal Certificate of Deposit ($800,000+) currently maturing on 12/25/2007, would be moved to the STIF Account pending asset allocation. Mr. Curtain confirmed that the Certificate maturing on Christmas Day would be moved to the STIF Account to provide ready access to the funds. Motion made to adjourn by Mr. Quinley and seconded by Thomas Dawkins. Approved. Meeting adjourned 1728. Respectfully Submitted, Thomas G Quinley, Secretary December 13, 2007