Village of Fox Lake Police Pension Board met May 5.
Here is the agenda provided by the board:
1. Call to Order
2. Pledge of Allegiance
3. Roll Call
4. Approval of Agenda
5. Public Comments – Limited to 3 minutes per person
6. Approval of Minutes – Regular Meeting 01-17-2022
7. Financial Report/Investment Reports – discussion/action
• Quarterly Portfolio Report – discussion/action
8. Accountants/Treasurer Reports
• L&A Financial Report – discussion/action
• Approval of Bills & Disbursements – discussion/action
• Cash Management Communication
• BMO Harris Bank Collateralization – discussion/action
• Cash Reserve Balance & New Funding Guideline – discussion/action
• Cash Analysis Projection – discussion/action
• Cash Flow Needs – discussion/action
• IDOI Administrator – discussion/action
• Active Member Statements 04-30-2020 & 04-30-2021
9. Attorney Report
• Gliniewicz Pension – discussion/action
• IPOPIF - discussion/action including but not limited to the following items:
• Appointment of two Authorized Agents (by resolution) (Exhibit A)
• Written Notice to Investment Consultants, Managers and Custodians of Asset Transfer Date (Exhibit B)
• 2022 Cash Flow Projections
• Identification of Transition Cash Retention
• Collateralization of Local Accounts
• Amendments to Investment Professional Contracts for postconsolidation services
• Appointment of Account Representatives for eCFM portal
• eCFM Portal Form Approval and Completion
10. Old Business
• Pension Trustee Election Results – discussion/action
• Ratification/approval of FY21 Annual Audit Report – discussion/action (tabled)
• 2021 Affidavits of Eligibility (Baldowsky) Update – discussion/action
• 2022 Trustee Training– discussion/action
11. Officer Status/Membership Benefits
• Cameron Risner – request for pension contribution refund – DOH 09-01-2020; last day 10-28-2021 – discussion/action
• Meagan Blue – New hire – DOH 03-14-2022, Tier 2 – discussion/action
• Jacob Koehring - New hire – DOH 02-22-2022, Tier 2, DOB 1995 – discussion/action
• Jacob Koehring – Transfer of Creditable Service from Policemen’s Annuity and Benefit Fund of Chicago – discussion/action
• Kyle Lemmer – Transfer of Creditable Service to Buffalo Grove (Request for pension refund) – DOH 09-01-2020, last day 01-14-2022 – discussion/action
• Michael P. Ostertag – Retroactive approval of application – discussion/action
12. New Business
• Mayor appointments – Tim Foster resignation
• FOIA – 02-24-2022 – discussion/action
• Pre-approval of DOI Annual Compliance Fee – discussion/action
• Status as to FY22 preparation of IDOI Annual Statement, Actuarial Valuation, Annual Audit Reports – discussion/action
13. Closed Session
14. Action from Closed Session – discussion/action
15. Adjournment – Next meeting Monday, July 18, 2022 at 9:30 a.m.
https://www.foxlake.org/ArchiveCenter/ViewFile/Item/2361
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