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Board adopts updated investment policy (including new state divestiture rule) and approves auditor engagements
Summary
The Sarasota City Firefighters' Pension Plan Board of Trustees voted unanimously on Sept. 24 to adopt an amended investment policy statement that incorporates recent state divestiture requirements and to approve audit engagement letters for the fiscal year ending Sept. 30.
The Sarasota City Firefighters' Pension Plan Board of Trustees held three formal votes during its Sept. 24 meeting: approval of minutes from the July 23 meeting, adoption of a revised investment policy statement and manager addenda, and approval of audit engagement letters for the fiscal year ending Sept. 30. All votes were taken by roll call and carried unanimously.
Minutes: Trustees moved and seconded a motion to adopt the minutes of the July 23, 2025 meeting. The motion passed by roll call vote with all trustees present voting yes.
Investment policy statement: The board voted to adopt a revised Statement of Investment Policy, Goals and Guidelines and associated manager…
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