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Police Pension Agenda 2010 05-10-10 Yorkville Police Pension Fund Board 804 Game Farm Road Yorkville, Il 60560 (630) 553-4340 5:00PM on May 10, 2010 Police Department Conference Room Agenda ---------------------------------------------------------------------------------------------------------------------------------- Meeting Call to Order: Roll Call: Present: Guests: Communications: No funds were transferred from checking to the Schwab account since Feb 9, 2010. Trustee Election Results: Active Members Results: Retiree Member Results: Election of Board Officers Previous Meeting Minutes: Feb 9, 2010 Corrections/Approval Treasurer’s Reports: Monthly: as of April 30, 2010 Annual: as of April 20, 2010 Fiscal Year 2010-2011 Budget Bills for Payment: Return of Contributions: Jordan Poulos $14,282.08 MVT management fees: From Schwab #3137-9036 (Jan) $ 4,063.00 Cary Collins: Attorney (Oct -Dec 09) $ 650.00 Actuary Study Ending 4/30/2010 $ 1,500.00 Zabinski Consulting Services Inc $ 400.00 William Powell $ 587.50 Total Bills for Payment: $21,482.58 Investments: Increase in Old Second Bank minimum balance: Money transfers from YNB to Charles Schwab & Co Pay to: Charles Schwab & Co. Mail to: Institutional Client Service Group P. O. Box 628290 Orlando, Fl 32862-9906 Progress Reports from Mitchell, Vaught, and Taylor Police Pension Fund Board May 10, 2010 Page 2 Unfinished Business: Improving the IDOI Filing Process: Acceptance of Zabinski Consulting Services Inc Proposal Electronic Transfer of Funds: Old Second Checking Account to Schwab Account SB 1974: Annual Training Documentation for Pension Board Trustees and FOIA Administrators House Bill 4603: Creditable Service: Buyback Letters for file. Discussion of the Investment Policy and the Rules and Regulations Record Retention New Business: Retirement: Glen Calvert Additional Business: Pension Payment Adjustments: Next meeting: Motion to Adjourn: Year 2010 Meeting Dates: Feb 10, May 10, Aug 10, Nov 9