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The stock market continued to fall in value during the first two months of the quarter. Mr. <br />Welker compared the market to a "100 year flood" type of disaster. The market bottomed at the <br />end of February but led by the technology sector began to rise again in March, 2009. Mr. Welker <br />t at ere was <br />commented-- h ----th $3 rillion invested in cash or money markets that could return to the <br />stock market. <br />a <br />MOTION!. Moved by William Nas to amend the investment policy with the reviseC <br />statement. Motion was seconded by Harold Stewart and carried <br />unanimously on a 5 – 0 voice vote. I <br />6. AP roval of Expenditure R <br />. P— <br />In a letter dated April 30, 2009 from Randy Newlon, Finance Director, the following invoices <br />were submitted for Board Approval: <br />0 <br />MOTIONO Moved by Daniel Glancy to approve the Expenditure Report as presented in <br />the letter dated April 30, 2009 from the Finance Director, Motion was <br />seconded by William Jensen and carried unanimously 1 n a 5 – 0 voice vote. <br />