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Police Pension Agenda 2008 05-13-08 Yorkville Police Pension Fund Board 804 Game Farm Road Yorkville, Il 60560 (630) 553-4340 5:00PM on May 13, 2008 Police Department Conference Room Agenda Meeting Call to Order: Roll Call: Previous Meeting Minutes: Feb 26, 2008 Corrections/Approval Note: Transfer of Funds to MVT was increased from $40,000 to $50,000 due to excess cash on hand. Communications: Monthly Treasurer’s Report: as of 4/30/2008 Annual Treasurer’s Report for Fiscal Year May 1, 2007 to April 30, 2008 Real Estate Tax Levy checks Aug 14, 2007 $12,505.93 Sept 11, 2007 $66,927.84 Nov. 13, 2007: $152,551.62 Nov. 27, 2007: $31.712.23 Jan. 08, 2008: $10,806.12 Jan 22, 2008: 640.47 Total Levy Amount: $275,144.21 Fiscal Year 2008-09 Budget Bills for Payment: MVT management fees: 4/1/08 to 6/30/08 From Schwab #3137-9036 $ 3069.00 Cary Collins: Attorney $ 600.00 Tiim Sharp: $ 1,300.00 Bill Powell: Bookkeeping $ 600.00 Total Bills $ 5,569.00 Investments: Progress Reports from Mitchell, Vaught, and Taylor 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 Unfinished Business: Tax Issues relating to Early Distribution – Draft Procedures and Samples IMRF Transfers to the Police Pension Fund Memo dated 2/26/08 Employee Service Date Resolution Officer Pleckham to review personnel files New Business: Contract Award for Fiscal 2007-08 IDOI Filing Andrew Houghton request for return of contributions Creditable Service Buyback request for John F. Hunter Letter from Attorney Richard Slocum regarding the pension of Terry Klingel Deputy Treasurer Duites Review of fiscal year 2007-08 Actuarial Valuation Report Additional Business: Use of IML’s Historical Pension Data Tables Pending Legislation: House Bills 1223, 4603, 5158, 5197, 5692 2008 Meeting Dates: Tuesdays 2/12, 5/13, 8/12, 11/18 @ 5PM Adjournment: Next Meeting: Tuesday, August 12, 2008 @ 5PM