2015-07-14 - Police Pension Board - Minutes BUFFALO GROVE POLICE PENSION FUND
Police Pension Board Regular Meeting Minutes—Tuesday July 14th, 2015
I. Call to Order—6:30PM
II. Attendance - Trustees Scott Eisenmenger, Tony Montiel, Arthur Voigt, Andrew
Brown—village finance, Brian Labardi—Reimer & Karlson (board attorney), Dave Wall
—Wall & Associates (board consultant)
III. Public Comments -None
IV. Minutes —April 14111, 2015 meeting minutes
■ Motion to approve minutes made by Trustee Eisenmenger
■ Seconded by Trustee Montiel Vote: 3 ayes /0 nays
■ Discussion:
■ Motion carried
V. General Business
■ Invoices totaling $92,159.31 for the period 04/01/15 — 06/30/15
o Motion made by Trustee Eisenmenger to approve and pay the bills as
presented.
o Seconded by Trustee Montiel Vote: 3 ayes/0 nays
o Discussion: None
o Motion carried
■ Mr. Wall reported on the performance of the fund(fees included):
0 2nd Qtr. 2015: Fixed: Stratford Equity (0.27)%, Commodities 4.14%,
International 0.52%, Passive Small Cap (0.90)%, Real Estate (11.41)%,
Oakbrook 0.68%, Zacks0.83%
0 2nd Qtr. Overall performance:0.06%
0 2015 YTD performance: 1.69%
o Value on 06/30/15: $57,086,266.51
■ Legal update was provided to the board by Mr. Labardi
■ Training
o Trustees Eisenmenger, Montiel and Voigt will be attending the annual
Midwest Conference Lake Geneva in Oct, 2015
VI. Old Business - none
VII. New Business
■ Next quarterly meeting : October 131h, 2015
VIII. Adjournment-Motion made by Trustee Eisenmenger to adjourn at 8:OOPM.
Seconded by: Trustee Montiel Vote: 3 ayes/ 0 nayes
Discussion: None
Motion carried