Police Pension Packet 2005 04-04-05 YORKVILLE POLICE PENSION FUND BOARD
804 Game Farm Road
Yorkville, IL 60560
(630) 553-4340
AGENDA
3:30 p.m. on Monday, April 4, 2005
Police Department Conference Room
Meeting Call to Order: 3:30 p.m.
Roll Call:
Previous Meeting Minutes: Corrections/Approval
January 3, 2005
Communications:
Treasurer's Report:
Bills for Payment:
Unfinished Business:
New Business:
Cash Investment Considerations
Estimated Total Account Value: $1,124,485
Estimated Cash on Hand:
Merrill Lynch: (2/28/2005) $ 49,957
Additional Employee Contributions $ 19,400
YNB $ 6,975
Total $ 76,333
Additional Business:
Adjournment:
Next Meeting: May
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Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville, II 60560
(630)553-4340
April 4, 2005 Meeting Minutes
(Draft)
Meeting Call to Order: The meeting was called to order at 3:53 PM
Roll Call: Present: Harold Martin, Larry Debord, Todd Overmyer, William Powell
Attorney: Cary Collins, Merrill Lynch: Brad Kitchener
Previous Meeting Minutes Corrections/Approval: Minutes for the Jan. 3, 2005 were deferred until the
next meeting.
Communications: Merrill Lynch monthly statements for the months of Nov 04, Dec 04, Jan 05 and
Feb 05 were passed out.
Treasurer's Report:
The Treasurer's report as of Feb 28, 2005 was submitted.
A motion was made by Harold Martin(2nd Larry Debord)to approve the report.
(Ayes-3,Nays-0)
Bills for Payment:
Legal Fees: Cary Colllins $500.00
Accounting Fees: William Powell $300.00
PTW $385.00
Actuarial Fees: Tim Sharp $1,300.00
Total Bills for Payment $2,485.00
A motion was made by Harold Martin(2"d: Todd Overmyer) to approve payment.
(Ayes—3,Nays—0)
Unfinished Business:
None
New Business:
Investments: Brad Kitchener recommended adding to present cash funds before further investing due
to increasing interest rates. Therefore, no investments were made at this time.
Additional Business: The budget for fiscal year 2005-2006 and the Annual Treasurer's Report will be
presented at the next scheduled meeting on May 10th
Adjournment: A motion to adjourn was made by Harold Martin(2nd Todd Overmyer)
Ayes-3,Nays-0
Next meeting: May 10, 2005 at 3:30 PM
file:Minutes April 4 2005(WEP)
L � tik.
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Treasurer's Report
(As of Feb 28, 2005)
Merrill Lynch Amount Percent
Cash $ 49,957 5
Fixed CD's $ 148,276 14
Fixed Govmt's $ 785,456 72
Mutual Funds $ 107,560 10
Estimated Accrued Interest $ 6,857
Total(difference due to rounding) $ 1,098,108.84
Old Second Checking $ 6,975.80
Total Balance $ 1,105,084.64
Investment transactions from last meeting (Jan 04,2005)
Sales: None
Purchases:
Investment % Int Due Date Amount $
US Treasury Note 3.625 1/15/2010 $150,000.00
Davis New York Venture N/A N/A $ 10,000.00
Total Purchases $ 160,000.00
Estimated Funds Available for investment:
Merrill Lynch 2/28/05 $ 49,957
Mar 05 Estimated Employee contributions $ 19,400
Total estimated funds available $ 69,357
(Maximum Equities amount: 10%( $ 1,105,084.64) = 110,508 - $ 107,560= $ 29,484)
Tax Levy for Fiscal 2004-2005: $207,000.00 collected in 2005
William Powell
Treasurer
United City of Yorkville File:T Report 040105.doc
Merrill Lynch Monthly Stints Fiscal 2004-05
Begin Funds Div Ending Market Accrued Stmt
Month,Balance 'Rec'd =_` Int Amount Purchases Sales Unrealizec Fees Balance Value Interest Total
May 787,291.00 7,999.91 Int 5,416.72 791,615.00 2,258.00 793,873.93801,708.00 3,773.00 805,481.07
June ✓MI 793,873.93 9,114.41 Div 14.77
July "`` 805,481.07 4,322.17 Div 15.26 805,438.00 5,166.00 810,605.59
Aug 810,605.59 110,333.68 Int 1,375.00 922,022.00 5,259.00
Div 71.45 927,281.48
Sept 927,281.48 16,881.88 Div 105.60 150.00 938,887.00 6,636.00 945,523.44
Oct 945,523.44 93,929.81 Int 1,187.51 117,787.45 1,034,221.00 7,559.00
Div 82.69 1,041,780.49
Nov 1,041,780.49 9,023.89 Int 7,182.00 150,889.44 150,000.00 1,046,768.00 2,511.00
Div 159.00
Dec 1,049,280.22 33,820.42 Div 586.52 10,846.46 4,468.00 1,089,115.85
Jan 1,089,115.85 9,701.01 Div 159.07 161,689.50 1,089,373.00 6,414.00 1,095,788.50
Feb 1,095,788.50 4,584.33 Div 54.36 1,091,251.00 6,857.00 1,098,108.84
Int 2,015.63
Mar
April
iterest Summary ' Fiscal Year 2004-2005
lame CUSIP# May-04 June July Aug Sept Oct Nov Dec Jan Feb
chedule A
)Id Second (Interest) 620912
Terrill Lynch (Dividends) 637-05X34 0 14.77 15.26 71.46 105.6 82.69 159.19 211.84 159.07 54.36
)avis 374.68
tchdule B
ast West Bank 11/19/04 27579TCF5 864.86
;eorgian Bank11/28/05 37362UAF4 548.49 554.52
im Fed'l Savings 11/15/04 43708WAX2 867.22
'rovident Bank 11/21/05 7438385T7 947.4 957.81
3chdule D
1S Treasury Note 912828AN0 1125 1125
Due 11/15/07
=edl Hm Ln Mtg Corp 3134A4UB8 1375 1375
Due 08/15/06
=ed'I Nat'l Mgt Assoc 3136F4TH7 1312.5 1312.5
Due 11/14/08
=ed'I Nat'l Mgt Assoc' 3136F4TJ3 1483.33 1500
Due 11/12/09
red'I Nat'l Mgt Assoc 31359MQZ9 796.88
Due 04/15/06
US Treasury Note 912828CU2 296.88
Due 8/31/06
US Treasury Note` 912828CU2
Due 8/31/06
US Treasury Note 912828CR9
Due 8/15/07
US Treasury Note 912828BM1
Due 10/15/08
US Treasury Note 912828CV0
Due 9/15/09
US Treasury Note 912828BM1
Due 10/15/08
US Treasury Note 912828AN0
Due 11/15/07
US Treasury Note 912828CX6
Due 10/15/09
Schdule K
Davis NY Venture Fd A 239080104
Oppenheimer Capt'l Appre A 68379A107
tar Apr-05 FYE G Buy Rec'd+Acc
Fiscal Year 2004-2005
Schdule B CD's Purchase
Name CUSIP# Acquired Maturity Var Rate Rate Price Redeemed` Amount
East West Bank 27579TCF5 11/05/03 11/19/2004 N 1.15 75000 11/19/2004 75000
Georgian Bank 37362UAF4 11/19/03 11/28/2005 N 2 55000
Home Federal Savings 43708WAX2 11/06/03 11/15/2004 N 1.15 75000 11/15/2004 75000
Provident Bank 7438385T7 11/05/03 11/21/2005 N 2 95000
Schdule D US Govm't Fiscal Year 2004-2005
Stmt PremimuAccrued Mkt Value Unrealize
dame CUSIP# Acquired Maturity Rate Face Valu Price Cost Basi•(Discount lnt Purc'd Net Paymt 4/30/2005 Gain/Loss
JS Treasury Note 912828AN0 11/03/03 11/15/07 3.000 75000.00 75547.85 75470.00 547.85 1069.97 76617.82
:edl Hm Lri Mtg Corp;3134A4UB8 04/05/04 08/15/06 2.750 100000.00 101468.75 101378.00 1468.75 404.86 101873.61
=ed'l Nat'l Mgt Assoc 3136F4TH7 11/06/03 11/14/08 3.500 75000.00 75000.00 75000.00 0.00 0.00 75000.00
Fed'l Nat'l Mgt Assoc 3136F4TJ3 11/06/03 11/12/09 4.000 75000.00 75000.00 75000.00 0.00 0.00 75000.00
Fedi Nat'l Mgt Assoc 31359MQZ9 11/03/03 04/15/06 2.125 75000.00 74838.86 -161.14 92.97 74931.83
US Treasury Note 912828CU2 10/06/04 08/31/06 2.375 24000.00 23976.90 23976.00 -23.10 66.13 24043.03
US Treasury Note W 912828CR9 10/06/04 08/15/07 2.750 25000.00 25018.60 25018.00 18.60 108.36 25126.96
US Treasury Note 912828BM1 10/06/04 10/15/08 3.125 25000.00 25073.28 25072.00 73.28 384.22 25457.50
US Treasury Note 912828CV0 10/06/04 09/15/09 3.375 25000.00 25097.03 25095.00 97.03 62.93 25159.96
US Treasury Note ,912828AN0 11/19/04 11/15/07 3.000 50000.00 50154.38 154.38 37.29 50191.67
US Treasury Note 912828BM1 11/19/04 10/15/08 3.125 50000.00 50123.13 123.13 171.70 50294.83
US Treasury Note 912828CX6 11/19/04 10/15/09 3.375 50000.00 50217.50 217.50 185.44 50402.94
US Treasury Note 912828CU2 01/05/05 08/31/06 2.375 1000.00 991.69 -8.31 8.66 1000.35
US Treasury Note 01/10/05 01/15/10 3.625 150000.00
e s
Days/Mo
fat/Days in #/Days to Accrued Jan 31
1st Fiscal Yr Maturity Premium Feb 29
148 1476 54.93 Mar 31
April 30
26 789 48.40 May 31
June 30
July 31
Aug 31
Sept 30
Oct 31
148 896 -26.62 Nov 30
Dec 31
Schdule K Mutual Funds Fiscal Year 2004=2005 Redemp't
CUSIP#" Shares91 938 Acquired
Settled 01/08/04 $1sh29 15 Price
25999.99 Fees
1230.87 Total
Name7230.86
Davie NY Venture Fd A 239080104 8
Davis NY Venture Fd A 239080104 426.929 04/05/04 04/08/04 30.45 12999.99 619.05 13619.04
Davis NY Venture Fd A "" 239080104 296.150 10/12/04 30.39 9000.00 426.46 9426.46
Davis NY Venture Fd A 239080104 1.000 10/12/04 J. E. 30.39 0.00 0.00 0.00
Davis NY Venture Fd A 239080104 316.656 01/10/05 01/10/05 31.58 10000.00 474.99 10474.99
Davis NY Venture Ed A 239080104 1.000 01/10/05 J. E. 31.58
Davis NY Venture Fd A , ��� 239080104 12.386 12/01/04 Div 30.25 374.58
Total Shares 1946.059
Oppenheimer Capt'I Appre A 68379A107 627.110 01/05/04 01/08/04 41.46 25999.98 1429.81 27429.79
Oppenheimer Capt'l Appre A 68379A107 307.038 04/05/04 04/08/04 42.34 12999.99 715.40 13715.39
Oppenheimer Capt'l Appre A 68379A107 218.076 10/12/04 41.27 9000 495.04 9495.04
Total Shares 1152.224