HomeMy WebLinkAboutFIRE PENSION - 05/05/1986 - Fire Pension MINUTES OF BOARD MEETING
ELK GROVE FIREMEN'S PENSION FUND
5 May 1986
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A meeting of the Firemen's Pension Fund was held on Monday 5, 1986 in the
basement of the Headquarters Fire Station, 101 Biesterfield Road. The meeting
was called to order by President Walter J. Kriesant at 7:30 P.M.
ROLL CALL
On Roll Call the following members were present: Walter J. Kriesant, George
C. Coney, Charles.:B. Henrici, Douglas C. Goostree, Harvey R. Speiden, and
Joseph Gardner III.
MINUTES
Motion by H.Speiden, seconded by C.Henrici to accept the 3 February 1986 Minutes,
19 March 198 Special Meeting Minutes, and the 24 April 1986 Special Meeting
minutes as written and dispense with e-.eir reeding. Motion passed unanimasly.
TREASURER'S PEPO-,-IT
Treasurer G.Coney submitted a Balance Sheet and Schedule of Investments of the
Pension Fund as of 30 April 1986. Motion by C.Henrici, seconded by H.Speiden
- to accept the Treasurers Report and place the Balance Sheet and Schedule of
Investments on file with the Pension Board Minutes. Motion,passed unanimously.
Treasurer reported current interest rates are down, appoximately 6�%. Aquiring
an interest earning checking account for the fund is being looked into. G.Coney
and C.Henrici attended an investment seminar and gave a report on it. G.Coney
reported their investment charge seemed high for what they would do for our Fund.
He stated he wasn't convinced this was the way to go. C.Henrici suggested
allowing them to cone to the next scheduled meeting August 4, 1986, 6:30 P.M.
G.Coney volunteered to contact. them. Treasurer reported he had received the Ill.
Dept. of insurances Xeconrendation of a $452,000.00 levy. , The Finance Director is
recommending a levy of $175,000.00 because of the surplus our Fund has. Motion
by C.Henrici, seconded by H.Speiden to accept G.Coney's recommendation of a levy
of $175,000.00. Motion passed unanimously.
OLD BUSINESS
Canvas of Ballots from the 21 April 1986 election was taken:
43 Ballots Cast
36 Joseph Gardner III
1 Karen Benson
6 Spoiled
Motion by C.Henrici, seconded by D.Goostree to certify the 21 April 1986 election,
Joseph Gardner III the winner, term of office 3 years expiring April 1989, and
destroy the Ballots. Motion passed unanimously. Secretary was directed to remind
the Fund's members about correctly markinq their ballots.
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( APPLICATIONS FOR N11YMERSHIP
Motion b C.Henrici, seconded b D.Goostree to accept into the Fund the following
� Y Y P g
members:
William M. Sellers effective 10 March 1986
Richard N. Garchie effective 10 March 1986
Michael A. Tosto effective 10 March 1986
John Guglielmo effective 10 March 1986
Peter J. Passaglia effective 5 May 1986
Melvin B. Stillson effective 5 May 1986
Thomas G. Reinhardt effective 5 May 1986
Scott L. Miller effective 5 May 1986
Motion passed unanimously.
NEW BUSINESS
Motion by H.Speiden, seconded by C.Henrici to nam ate:
Walter J. Kriesant President
Douglas C. Goostree Vice-President
Joseph Gardner III Secretary
Motion passed unanimously. The Secretary was instructed to cast one unanimous
ballot for the above offices. Therefore above Officers are declared elected.
ADJOURNMENT
Motion by C.Henrici, seconded by H.Speiden to adjourn. Motion passed unanimously.
Meeting adjourned at 8:23 P.M.
tfully s ' ted,
Joseph Gardner III, Secretary
Firemen's Pension Fund
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