2004-07-13 - Police Pension Board - Minutes Board orCommission: ❑ Police Pension Board
Document Type: 0 A e
g nda 0 Minutes
Meeting ate: 07/13/2004
Type of Meeting: ❑ Regular Meeting
BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting
July 13,2004
I. Call to Order— 6:30PM
II. Attendance
Kristiansen—present Anderson—present Tenerelli -present
Eisenmenger—present Feld—absent
Greenberg—present Voigt—present
III. April 13, 2004 minutes read before board
■ Motion to accept the minutes by Trustee Kristiansen
o Seconded by Mr. Voigt 4 ayes 0 nayes
IV. General Business
■ Mr. Voigt completed IPPFA Trustee Certification Coarse
■ Change Mr. Tenerelli's e-mail to: jaytener.com
■ Stratford Investment Advisory Group invoice paid in the amount of$8706.06 on 6/25/04
■ Mr. Voigt reported that an election was held among retired officers via e-mail(17 officers). Nine
(9) responses were counted with all 9 votes in favor for Mr. Voigt to remain as the retired member.
■ Mr. Kristiansen reported that Officer Shreeves reimbursed the fund in the amount of$142.09 in
response to taking several days off without compensation from the village.
■ Stratford Investment Advisory Group
❑ Forecast—Bullish on bonds
❑ Recommendation—
Purchase $1,500,000 U.S. Treasury Strips 0%due 11/15/12 4.85%
Purchase $2,000,000 U.S. Treasury Strips 0%due 11/15/14 5.25%
Purchase $7,000 S&P 500 Index Receipts
Purchase $6,500 S&P 500 Index Receipts
Purchase $7,000 NASDAQ 100 Trust
Purchase $7,000 NASDAQ 100 Trust
❑ Motion to accept recommendation by Mr. Kristiansen
Seconded by Trustee Voigt 4 ayes 0 nays
■ Mesirow Financial
❑ Forecast—Bullish on bonds
❑ Recommendation— Sell PIMCO Innovation; spread assets evenly among other investments
Motion to accept the recommendation by Mr. Kristiansen
Seconded by Mr. Voigt 4 ayes 0 nayes
■ Next regular meeting scheduled for October 12, 2004
V. Old Business
■ None
VL Adjournment—7:45PM