Police Pension Minutes 5-10-05 APPROVED BY THE
COMM1rr1=1J130ARe
ON: i�-i��e�J
Yorkville Police Dept. Pend®n Board
804 Game Farm Rd.
YOTIMlle,Illinois
60560
President: Larry Uebord Vice President. Todd Overmyer
Treasurer. William Powell Secretary. Officer Ilan Pleckharn
Asst, Secretary: Chief Harold Martin
MinuLes: Meeting 05/10/05 called to order at 15:43.Quorum i6 eatabiiahed
Roll Call: Larry Debord, I•larold Martin, Dan Pleckham present. Todd Overmyer late arrival
Guests:Treasurer Bill Powell. At.ly. Cary Collins absent.. Merrill Lynch Brad Kitchener
Previous Meeting MinuLea:
1 Were read and approved Motion.LD 2"d HM
2 MinuLcz For plan 3`d were deferred.
Communications:
'Monl.hly statement, From Merrill Lynch (Mar Apr 05)copies handed out to board",members.
Treasurers Qepor'L
Treasurcrs mport. through the monLh of April 05 was read and copies given to board members
Merrill Lynch ready ameLa fund
1Totul balance in fund... as of 04/30/05 &,129.794.3 given by Sill
S77-095'70 Cash
M7465 Fixed GvL bonds
$148.570 Fixed c/d*e
$103.8BB Mutual Fundy
2.Checkin8 balance es of 04/30/05 64.494.68 Old Second Bank read by Bill
Motion to accept Treasurers rcport...t1M 2"d by L..D approved
Bi116 for payment
.Bill Powell Accounting fees 614000 motion H M 2"d L D. approved
Additionel Busineas:
The bud8cL For fiscal year 2005-2006 was preeenf.ed along with the annual tmeaurera report. Motion L.D
2nd MM. approved
New Bminesa:
1 Invcatments Brad Kitchener made mcommendaLions regarding bonds that were maturing and
where to re-invest For the coming years of 200'7.08.09,10
Motion for approval LD.2,d H.M approved
Next. meeting 07/12/05 1530hra
Secretary Dan Pleckham