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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,