PARK RIDGE POLICE PENSION FUND
BOARD OF TRUSTEES
SEPTEMBER 21 , 2011 REGULAR MEETING
MINUTES

Pursuant to public notice, a special meeting of the Board of Trustees of the Park Ridge Police Pension Fund was held on Wednesday, September 21, 2011 at 10:00 a.m. at City Hall, 505 Butler Place, Park Ridge, Illinois. 

Call to Order:  President Laura Kappler called the meeting to order at 10:05 a.m. Present were trustees Laura Kappler, Tom Ahlbeck, Carl Brauweiler, Robert Kristie and Duane Mellema. Also in attendance was Brian LeFevre from Sikich LLP and Allison Stutts the finance director from the City of Park Ridge.  
           
Actuarial Report:  Brian LeFevre from Sikich LLP reviewed the actuarial report with the Trustees. The different actuarial assumptions were reviewed and explained to the Trustees.

A motion was made by Carl Brauweiler  and seconded by Robert Kristie to approve the actuarial report as presented.  A roll call vote was taken:  “Yeas” –  Brauweiler, Ahlbeck, Kappler, Kristie and Mellema.  “Nays” – none.  The motion unanimously carried.

A motion was made by Carl Brauweiler and seconded by Robert Kristie to approve the levy for funding at $1,687,408.  A roll call vote was taken:  “Yeas” –  Brauweiler, Ahlbeck, Kappler, Kristie and Mellema.  “Nays” – none.  The motion unanimously carried.

The next meeting is scheduled for October 26, 2011 at 10:00.

Adjournment: A motion by Duane Mellema and seconded by Robert Kristie to adjourn the meeting at 10:40 a.m. unanimously carried.

Respectfully submitted,

Laura Kappler, President
Robert Kristie, Secretary

Approved by the Board of Trustees on October 26, 2011.
These minutes were prepared by Tom Ahlbeck and Laura Kappler.