President Kappler called the meeting to order at 708pm. A roll call of the trustees was taken.  Present was Treasurer Brauweiler, trustees Jon Moehrlin, Richard Paul, and Tom Ahlbeck.  Attorney Charles Atwell was present and Mary Tomanek from Smith Barney arrived at 715pm.

President Kappler advised that a new officer named Mark Vallejio was hired on July 10, 2006.  A motion was made by Brauweiler to accept him into the fund and Jon seconded the motion.  He is currently going to the police academy.  All were in favor – motion passed. 

The board has five members and all were present. 
President Kappler will stay on as president.  All were in favor.
Treasurer Brauweiler will stay on as treasurer.  All were in favor.
Secretary Jon Moehrlin will stay on as secretary.  All were in favor.
Assistant Secretary Tom Ahlbeck will now become the Vice-President.
 All were in favor of this change. 
Retired Officer Richard Paul will now become the Assistant Secretary.  All were in favor.
The board accepted all nominations.  President Kappler made a motion to close elections all were in favor.  There were none that opposed. 

Officer Robert Kristie retired as of May 10 and Commander Thomas Polka retired June 3rd both have been placed on payroll.  Payroll contacted me and stated Officer Kristie’s last day should have been May10th.  He will be notified of the change and sent a letter from Lauterbach and Amen.  He will be given a day retro pay in his August check. 

President Kappler advised that Officer Ruth Hahn was hired in January and has advised the board via a letter that she is being deployed to Afghanistan since she is still active in the reserve.  She said she could be there for as long as 18 months.  I contacted the state and they advised that she should be told she could pay her contributions back to the fund upon her return interest free.  Payroll advised me that the city will be paying her by making up the difference in pay and that her contributions will be coming out of her check.  They also advised that there are 3 weeks that she didn’t get paid and that is was due to her being called in for training by the military. I asked Chief Caudill to give the pension fund a letter indicating what days she was not paid for.

Mr. Atwell was present at the meeting and advised that he had finally heard from Dr Vender concerning Pat Duggan.  Carl Brauweiler made the motion to go ahead and send Pat Duggan to find out if he has functional capacity in both hands and evaluate him to see if he is a candidate for re-training.  Tom Ahlbeck seconded the motion all were in favor of this motion. Motion passed by all members of the board.  

President Kappler advises that the city cannot handle doing our monthly accounting and thought it best to get a proposal from Lauterbach and Amen to take on more responsibilities.  We received a notice that it would cost about 8,000 dollars a year to do all of our accounting including paying the pensioners.  A motion was made by Tom Ahlbeck to hire Lauterbach and Amen to do our monthly accounting including all matters.  Jon Moehrlin seconded the motion all were in favor of the motion.  President Kappler advised that the tax levy for December 2005 was 789,000.  It usually goes into the account in June.  I will check on the deposit of the money.

Carl Brauweiler advised that he attended the Certified Trustee training and received his certificate of completion in May. 

President Kappler proposed that members of the board attend an out of state training conference called Guns and Hoses.  The training is specialized for trustees of police and fire pension boards.  President Kappler made a motion that anyone who wanted to attend should be able to if it fits in his or her schedules.  Jon Moehrlin seconded the motion.  A motion was made for all in favor and all were in favor except Tom Ahlbeck.  Richard Paul had left the meeting at 930pm just prior to talking about the conference.  Since three voted yes the motion passed.  The conference is in Las Vegas Nevada from September 17-20.  The fee for the conference is $895.00 each and the hotel is $189.00 per night.  President Kappler and Secretary Moehrlin indicated that they wanted to attend the conference.  President Kappler will check on airfare rates.  There will a full report on the training received at the October meeting.

Secretary Moehrlin reports that himself, President Kappler and Tom Ahlbeck attended IPPFA training in Bensenville, Illinois on June 23, 2006. 

Mary Tomanek of Smith Barney presented the board with the current financial statements.  She advised that all of the changes had been made to diversify the fund and all of it was in place.  She advises not to change anything else for now and see how the investments go.  Mr. Atwell advised about the re-balancing issue and that we are supposed to do this quarterly if we find we are over our stated amount.  Mary said this would be done during the next quarter.  Mr. Atwell asked for a copy of the investment policy of which I gave to him.

President Kappler made a motion to adjourn at 1006 pm.  It was seconded by Carl Brauweiler and all were in favor – motion passed.

The next meeting is October 18th 2006 at 7pm.

President Kappler compiled these minutes.