- Minutes a April 20, 2023  POTTER COUNTY RETIREMENT BOARD MEETING  CALLTOORDER Commissioner Grupp called the meeting to order at 11:00a a.m.  MOMENT OF SILENCE PLEDGE OF ALLEGIANCE Krista Miller; absent. PUBLIC COMMENT None  ROLLCALL Comm. Nancy Grupp, Comm. Paul Heimel, Comm. Barry Hayman and Recording Secretary Danielle Gietler all present; Chief Clerk. Jessica Giebel, and Treasurer  MINUTES- January 26, 2023, Action-- Comm. Hayman moved to approve. Comm. Heimel  seconded. Hayman yes; Heimel yes; Grupp yes. Treasurer Miller abstained.  OLDBUSINESS None NEW BUSINESS  Shanel Nickolich with C.S. McKee reviewed the trends and developments affecting the Potter County Employees Retirement Fund during the first quarter of 2023. He evaluated the impact of bank failures that occurred inl March and noted that, while inflation has been waning, higher costs will continue to affect the U.S. economy and financial markets. At the same time, the housing market has remained high. At the end oft the quarter, the fund's value was $18,362,482, up from $17,579,043 att the end oft the fourth quarter of2022. By category: Large-Cap Core Equity return was 7.30% for the quarter Small-Cap Core Equity return was 2.87% Small-Cap Passive Equity return was 3.01% International Mutual Fund returned 8.30% Fixed Income had a gain of2.63% Total portfolio returned 5.25%  During general discussion, Mr. Nickolich said C.S. McKee would review its fee structure, at the request oft the salary board, and report back tot the board. In response to another request, he stated that he would investigate any services the company might be able toj provide to assist local school districts in teaching their students financial literacy. He was also askedi ifC.S. McKee offers its clients options for investments that promote social responsibility. Mr. Nickolich said C.S. McKee provides those services for many ofits clients and could further discuss the salary ADJOURNMENT Comm. Heimel moved to adjourn at 11:24 a.m.; Comm. Hayman seconded.  board's intentions at ai future meeting. Heimel yes; Hayman yes; Grupp: yes.  Prepared by Danielle Gietler  Danilu dtbr Potter County Executive Secretary  Guly 27,2023 Apprové Date  Last revised 10/13/2023 10:26:01 AM PCC Retirement Board Meeting Minutes 04/20/2023  Page 1