| 1. | Call to Order |
| a. | Roll Call |
| 2. | Disability |
| a. | Lawson Disability Hearing |
| | motion to grant Chief Lawson a Line-of-Duty Disability. |
| 3. | Approval of Minutes and Accounts Payables |
| a. | Minutes of Feb 6, 2012 1:00 PM |
| b. | Accounts Payable |
| c. | motion to approve DROP participants Gary Hamilton ($4777.07), Larry Spangler ($5815.53), Donna Shirey ($2706.86). |
| 4. | Holcombe, Stanley |
| a. | Actuary Valuation |
| | motion to send letter to Tallahassee that states they are comfortable with their investment return of 7.75% for the near-term, the intermediate-term, and the long-term. |
| | motion to accept actuary report. |
| 5. | Consultant |
| a. | Quarterly Report |
| | motion to rebalance account by liquidating the Invesco account and splitting that amount into three separate fixed income accounts: $170, 000 to Pimco, $200,000 to Templeton, the remainder to the Vanguard Bond Index Fund. |
| 6. | Other General Business |
| a. | The Board agreed to let Mr. Fagan visit the school in Tallahassee. |
| 7. | Adjournment |
| | Adjourned at 3:38 p.m. |
| Minutes Approval |
|