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