Police Pension Minutes 2022 02-08-22Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville,IL 60560
630)553-4340
5:00PM on February 08,2022
Yorkville Police Department
804 Game Farm Rd
Meeting Minutes
Attachments:
Meeting Minutes for November 09,2021 President/Secretary to sign
Monthly Treasurer's Reports
Bills for Payment
Meeting Call to Order: Meeting called to order by Joe Gillespie at 5:01pm
Roll Call: Present:Ryan Goldsmith, Ray Mikolasek, Greg Sibenaller, JeffBurgner, Joe Gillespie, Rob Fredrickson
Guests: Tom Hartwell,Attorney;Robert Osmanski, Mitchell, Vaught, and Taylor.
Citizen Comments: None
Previous Meeting Minutes: November 09,2021
Corrections/Approval
Motion to Approve:JeffBurgner, 2"d Ray Mikolasek-4ayes, 0 nays
Communications:None
Monthly Treasurer's Report: September, October,November,December 2021
Motion to approve: Ray Mikolasek, 2"d Jeff Burgner—Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff
Burgner, aye;Joe Gillespie, aye.
Bills for Payment:
MVT Management Fee: (Oct-Dec 2021) 4,694.00
From Schwab Acct: 3137-9036
Great Lakes Advisors Fee:(July- Sep 2021) $ 3,178.55
Acct: 90733303
Great Lakes Advisors Fee: (July- Sep 2021) $ 4,801.79
Acct: 56737766
UCOY Reimbursement(Pension Audit) 2,800.00
Zabinski Consulting(Nov 2021 —Jan 2022) $ 475.02
Zabinski Consulting(IDOI Filing) 1,350.00
Collins and Radja: Attorney 800.00
Total Bills for Payment: 18,099.36
Motion to Approve:Ryan Goldsmith, 2"d Jeff Burgner—Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;
Jeff Burgner, aye;Joe Gillespie, aye.
Investments:
Progress Report from Mitchell,Vaught,and Taylor(MVT)
Robert Osmanski—Robert updated the board on the Pension Fund Portfolio. The bond portfolio managed by
MVT experienced a net loss of$40,934 in the previous quarter.
Old Business:
Update on Pension Fund Consolidation
o Tom Hartwell—Judge still has not ruled on the ongoing consolidation lawsuit and there is no
timeline on when we can expect a ruling.
Updated Yorkville Police Pension Fund Rules and Regulations
o Motion to accept changes to Yorkville Police Pension Fund Board Rules and Regulations—Ray
Mikolasek, 2nd Ryan Goldsmith-Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff
Burgner, aye;Joe Gillespie, aye.
IPOPIF request for resolution to appoint authorized representatives
o Motion to adopt resolution to appoint Ray Mikolasek and Rob Fredrickson as authorized
representatives of the Fund Board—Jeff Burgner, 2"d Ray Mikolasek-Roll Call Vote:Ryan
Goldsmith, aye;Ray Mikolasek, aye;Jeff Burgner, aye;Joe Gillespie, aye.
o Motion to draft a letter to IPOPIF requesting an extension to transfer funds to June 1 or later-Ray
Mikolasek, 2"d Jeff Burgner-Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff Burgner,
aye;Joe Gillespie, aye.
New Business: None
Personnel Changes and Additions:
New Hires: Tyler Lobdell,November 29,2021 (Tier II)
Motion to accept Tyler Lobdell into fund as Tier II member—Joe Gillespie, 2nd JeffBurgner—4 ayes. 0 nays
Additional Business:None
Citizen Comments:None
Next meeting:
May 17,2022 5:00pm
Motion to Adjourn: 5:47pm by Jeff Burgner, 2"d Ray Mikolasek—4 ayes, 0 nays
2022 Meeting dates: Feb 08,May 17,Aug 09,Nov 08
Presiders Secret ry