Police Pension Fund Board Minutes 2006 08-08-06 APPROVED
Yorkville Police Dept, Pension Fund 1,9 /1 r) l C7(�;
804 Game Farm rd.
Yorkville, IL. 60560
(630) 553-4340
August 08, 2006 Minutes
Meeting called to order: 1520 hrs.
Roll Call:
Present: Harold Martin, Larry Debord, Dan Pleckham
Guests: Treasurer Bill Powell
Previous meeting minutes:
April 21,2006 were read and accepted, motion H.M.,2"d D.P. 3-0
Communications:
Review of Larry Debord going over statements from Merrill Lynch and MVT
to make sure bards were properly transferred.
Discussion regarding keeping updated on Sudan investments
Treasurers Report:
Employee contributions were handed out to each in employee
July 31,2006:
Cash: YNM 56,970.74
Schwab:
Cash: 17,731.67
US Govt. Securities: 1,406,297..26
Mutual Funds: 150.253.49
Total Assets: $1,631,253.16
( MVT Fees: July 2006= $1965.00)
Motion to accept H.M 2"d L.D passed 3-0
Bill Powell gave out the annual police pension fund activity for fiscal year Mayl,2005-
April 30, 2006
Motion to accept: L.D. 2"d H.M. passed 3-0
Bills for payment:
Atty. Cary Collins: April, May, June 2006 $500
Tres. Bill Powell: March 06- April 06 Accounting services $200
Total Bills for payment: $700
MTA L.D 2 nd D.P 3-0
Unfinished Business:
IMRr transfer funds for 4 employees. Employees were identified and dollar
amounts were read with years.
Cary Collins will draft a letter which the board will use for this transfer and send to IDOL
MV W fund management firm was discussed and reviewed and Bill Powell was to
provide copy of investment policy
Actuarial study Tim Sharp. Larry did not make contact as of todays date 08/08/06
for yrs. 06-07 MTA H.M. 2"d D.P. .3-0
Electronic Transfer of Contribution: money will transfer over from checking account
Motion to keep mailing every 3 mos. L,D. 2°d H.M. 3-0
New Business:
applications from new employees for membership Kolowski, Goldsmith, Davila,
Bledsoe were reviewed.
Kolowski, Goldsmith were given.
Bledsoe was accepted 04/21/06 MTA L.D. 2n' D.P..3-0
Additional Business:
None at this time
Next meeting: 11/14/06 1500 firs. YPD
Motion to adjourn Larry Debord, 2"d Harold Martin 3-0 at 1559 his,