HomeMy WebLinkAbout04/25/2005 PPB MinutesA /
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MT. PROSPECT POLICE PENSION BOARD
REGULAR QUARTERLY MEETING
APRIL 25, 2005 -VILLAGE HALL CONFERENCE ROOM
BOARD MEMBERS PRESENT:
OTHERS PRESENT:
Meeting called to order at 2:05 p.m.
Saviano, Toth, Rosenbarski, Kanupke
David Erb (Finance Director)
Rick Potter (Board Financial Advisor)
Tony Halachoulis
1) Review minutes from October 25, 2004 regular meeting
MOTION: (To accept minutes from October 25, 2004 meeting)
1 S` — Toth
2nd — Kanupke
Passed: 4-0
2) Treasurers/Financial Report
A) Review Financial Statements and reports presented by David Erb as of
March 31, 2005
Review Statements of Assets by David Erb
MOTION: (To accept Treasurers Report)
1" — Rosenbarski
2nd — Toth
Passed: 4-0
B) Investment Report by Rick Potter for quarter ending March 31, 2005
-Flash Report and breakdoes given by Potter
(To transfer $_00,000 from bonds to equities
determined in past practices, and, transfer
$100,000 from Dodge & Cox to Ariel)
I'`- Toth
�7nd — iaviann
Passed: 4-0
- Potter to schedule Segall Bryant to come to next meeting for
presentation of account status and outlook
e
- Gary Karshna of Capital Gains gave presentation on status of
accounts and future outlooks
3) Old Business
-None
4) New Business
David Erb to gather and provide Board of current deaths and recipients of
Fund
Motion to adjourn meeting at 3:30 p.m.
1 S`- Toth
2"d- Saviano
Passed: 4-0