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Police Pension Fund Board Minutes 2021 02-09-21 Yorkville Police Pension Fund Board 804 Game Farm Road Yorkville, IL 60560 (630)553-4340 5:00PM on May 18,2021 Yorkville Police Department 804 Game Farm Rd Minutes Attachments: Meeting Minutes for February 09,2021 President/Secretary to sign Monthly Treasurer's Reports Bills for Payment Meeting Call to Order: Meeting called to order by Greg Sibenaller at 5:04pm Roll Call: Present: Greg Sibenaller,Ray Mikolasek,Rob Fredrickson,Jeff Burgner(remote), Ryan Goldsmith (remote) Guests: Tom Hartwell,Attorney; Bruce Ebel,GLA;Larry Richey,GLA Citizen Comments: None Previous Meeting Minutes: February 09, 2021 Corrections/Approval Motion to Approve:Ray Mikolasek, 2nd Ryan Goldsmith—Roll Call Vote: Greg Sibenaller, aye;Ray Mikolasek, aye; Ryan Goldsmith, aye,Jeff Burgner, aye. Communications: Mitchell,Vaught&Taylor—Client Relations Form Collins,Radja,and Hartwell—Notification of Increased Retainer Monthly Treasurer's Report:November and December 2020,January 2021 Motion to Approve: Ryan Goldsmith, 2"d Ray Mikolasek—Roll Call Vote: Greg Sibenaller, aye;Ray Mikolasek, aye;Ryan Goldsmith, aye;Jeff Burgner, aye. Bills for Payment: MVT Management Fee: (Apr-Jun 2021) $ 3,960.00 From Schwab Acct: 3137-9036 Great Lakes Advisors Fee: (Jan-Mar 2021) $ 3,477.74 Acct: 90733303 Great Lakes Advisors Fee: (Jan-Mar 2021) $ 4,147.20 Acct: 56737766 Zabinski Consulting: (Feb-Mar 2021) $ 316.68 IDOI State Compliance Fee $ 2,173.49 UCOY Invoice 20200150 $ 2,790.00 UCOY Invoice 20210158 $ 51.87 IPPAC Conference—5 Trustees $ 1,500.00 IPPAC Conf Lodging—5 Trustees $ 1,013.70 Collins,Radja,and Hartwell: Attorney $ 800.00 Total Bills for Payment: $ 20,230.68 Motion to Approve:Ryan Goldsmith, 2"d Jeff Burgner—Roll Call Vote: Greg Sibenaller, aye;Ray Mikolasek, aye; Ryan Goldsmith, aye, Jeff Burgner, aye. Investments: Progress Report from Great Lakes Advisors. - Bruce Ebel—last quarter was strong as economy grew on an annualized basis of 6.4%as opposed to the normal 2%. Presented information contained in the Great Lakes Advisors Multi-Asset Strategy Investment Review(see attached). Old Business: Update on Pension System Consolidation - Tom Hartwell—Date has been pushed back from June/July until October. Class action suit against the governor filed by several police agencies has been assigned a judge in Kane County. Some rulings should come out in the next couple of weeks which should signal the direction of the lawsuit and may see some temporary restraining orders issued. New Business: Required Report to the Municipality by the Pension Board 2020 MWM Actuarial Valuation Report-Exhibit A - Rob Fredrickson—Report recommended the city contribute$1,334,771 to the Pension Fund and the city has paid that exact amount. 2020 IDOI Actuarial Valuation Report-Exhibit B FY 2022 Police Pension Budget Approval Fiscal Year 2022 Police Pension Budget - Ray Mikolasek, 2"d Ryan Goldsmith—Roll Call Vote: Greg Sibenaller, aye;Ray Mikolasek, aye;Ryan Goldsmith, aye, Jeff Burgner, aye. Personnel Changes and Additions: None Additional Business:None Citizen Comments:None Next meeting: August 10,2021 5:00pm Motion to Adjourn: 5:42pm by Ray Mikolasek, 2"d Ryan Goldsmith—Roll Call Vote: Greg Sibenaller, aye;Ray Mikolasek, aye;Ryan Goldsmith, aye, Jeff Burgner, aye. 2021 Meeting dates: Feb 09,May 18,Aug 10,Nov 09 2 Gam' Presiden Secretary