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<br />Other Matters <br />Gersman <br />had the wrong birthdate on his application. When benefits were calculated, there were errors. <br />st <br />These errors have been corrected. The money will be wired into his account on August 1. <br />st <br />Member Isenberg motioned to ratify the new numbers, have it pay out on August 1, and then if <br />everything is not correct, they will ratify at the next meeting. Member Jennings seconded the <br />motion and it was approved with unanimous consent. <br /> <br />Member Stutz suggested the fund needed to diversify the asset base to include large cap <br />growth, lower the management fees, decrease exposure to a singular fund manager, and <br />minimize unsystematic risk. He motioned to move Three Million from Ziegler into a Vanguard <br />S&P 500 fund VOO. The motion was seconded and it was approved with unanimous consent. <br /> <br />Member Isenberg brought up an issue with UMB Bank. Member McCarthy stated that it is time <br />to look at all the contracts/agreements and see if it is time to change. The request for proposal <br />(RFP) should be done after looking at all of them. When asked how to proceed, he stated that <br />they need to review the three (3) or four (4) contracts with a subcommittee made up of two <br />members from each group. <br /> <br />Next Meeting Date(s) <br />October 23, 2018 <br /> <br />Adjournment <br />The meeting adjourned at 8:08 p.m., the motion was passed with unanimous consent. <br /> <br /> <br />