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HomeMy WebLinkAbout2021-01-25 Webex Police & Fire Pension Board MinutesCity of Dania Beach Police and Fire Fighters Retirement System 111 S.W. 1 Street Dania Beach, Florida 33004 Phone: (954) 393-9061 E-mail: pfpens@gmail.com Meetings Start at 7 PM Page 1 of 2 MINUTES JANUARY 25, 2021 REGULAR WEBEX MEETING Attorney Pedro Herrera reviewed with the trustees that in accordance with the Emergency Declarations of Florida, Broward County, as well as the City of Dania Beach, and based the fact that we the board have police officers & firefighters and other high risk individuals as trustees the board has reasonably decided to continue to meet virtually in order to conduct the business of the pension fund. The extenuating present circumstances necessitate trustee participation via electronic media technologies. I. CALL TO ORDER The meeting was called to order by Chairman Rogers at 7:08 PM MEMBERS PRESENT: MEMBERS ABSENT: Chairman Larry Rogers Rae Sandler excused Richard Tarrant Carolyn Jones David Nuby, Jr. Richard Sieb Todd Neal Dean Harley Patricia Fuccile ALSO PRESENT: Pedro Herrera - Sugarman & Susskind, PA Eric Leventhal, CPA - Kabat, Schertzer, De La Torre, Taraboulos Cathy David – Administrator II. APPROVAL OF MINUTES MOTION: by David Nuby, Jr. to accept minutes from the November 16, 2020 meeting as submitted. SECOND: Patricia Fuccile PASSED UNANIMOUSLY January 25, 2021 Page 2 of 2 III. PUBLIC COMMENT The floor was open and no public comment IV. CONSENT AGENDA No items listed on the Consent Agenda V. OLD BUSINESS VI. NEW BUSINESS 6.1 Eric Leventhal-Audited Financial Statement-September 30, 2020 Eric Leventhal of the accounting firm Kabat, Schertzer, De La Torre, Taraboulos & Co, LLC reviewed with the Board his firms’ report on the Audited Financial Statements for the Plan for fiscal year ending September 30, 2020. Eric Leventhal gave a clean or unmodified opinion on the plan’s financial statements. MOTION by Richard Tarrant to approve the September 30, 2020 Audited Financial Statements as prepared by Eric Leventhal of the accounting firm Kabat, Schertzer, De La Torre, Taraboulos & Co, LLC. SECOND: David Nuby, Jr PASSED UNANIMIOUSLY VII. CORRESPONDENCE VIII. RETIREMENTS / TERMINATIONS IX. OPEN DISCUSSION AND INFORMATION 9.1 Attorneys Report Attorney Pedro Herrera discussed the new State E-Verify Law that was passed last summer but went into effect for engagements after January 1, 2021. This law requires that any service provider that is engaged by a public employer which encompasses the Dania Beach pension plan to comply with the requirements of the E-Verify Portal. The E-Verify Portal checks an employee’s status by cross referencing data bases such as social security, INS, Medicare, etc. to make sure they are legal to work in the United States. This Plan’s Actuary Gabriel, Roeder, Smith & Company, Attorney Sugarman & Susskind, Accountant – KSKT, Consultant Dahab & Associates and investment managers are in compliance with the E-Verify Law starting January 1, 2021. X. ADJOURN MOTION by Patricia Fuccile to adjourn meeting. SECOND: Chairman Larry Rogers Meeting adjourned at 7:38 PM. ANY PERSON WHO DECIDES TO APPEAL ANY DECISION MADE WITH REGARD TO ANY MATTER CONSIDERED AT THIS MEETING OR HEARING WILL NEED A RECORD OF THE PROCEEDING, AND FOR SUCH PURPOSE 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. IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT, PERSONS NEEDING ASSISTANCE TO PARTICIPATE IN ANY OF THESE PROCEEDINGS SHOULD CONTACT THE ADMINISTRATOR OF THE CITY OF DANIA BEACH POLICE & FIREFIGHTERS' RETIREMENT SYSTEM OFFICE 111 S.W. 1st STREET, DANIA BEACH, FL 33004 PHONE (954) 393-9061AT LEAST 48 HOURS PRIOR TO THE MEETING.