Firefighter Pension Board approves minutes, hears fund policy review showing 4.6% cash allocation

The Firefighter Pension Board convened Dec. 2 at 10:26 and approved the meeting minutes from its previous session before hearing an investment-policy update from Capital City Trust.

The board voted by voice to approve the prior meeting minutes after a motion by "Mister Lenny" and a second from "Mister Stockton," the chair said. The chair called for favor and members responded "Aye," and the motion was declared passed.

Dwayne Madrin of Capital City Trust presented the policy review, directing members to the document's allocation table. "You'll see where there's 4.6% in cash," Madrin said. "So we're overweight cash at the point because it's low, underweight in international." He told members that the percentages shown on the page fall within the operating ranges prescribed by the fund's policy, framing the numbers as an update on current positioning rather than a proposed policy change.

Miss Kyle took roll and confirmed a quorum; those listed during roll call included Jeff Bradford, Kenneth Sungeon and Mark Landen, while Alex Romero was noted as not available. Several remote participants experienced technical difficulties joining the meeting and staff re-sent meeting links and handouts to ensure attendees had the packet materials.

No formal vote on investment policy was recorded during the segments provided. The presentation was introduced immediately after the minutes were approved and the board proceeded to review the fund breakdown and allocation status on the presentation slides.

The meeting record indicates the board will continue the business on the agenda after the investment update; no additional formal actions on the fund were recorded in the supplied transcript segments.