Police Pension Minutes 2023 02-14-23Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville, IL 60560
(630) 553-4340
5:OOPM on February 14, 2023
Yorkville Police Department
804 Game Farm Rd
Meeting Minutes
Attachments:
Meeting Minutes for November 08, 2022 President/Secretary to sign
Monthly Treasurer's Reports
Bills for Payment
Meeting Call to Order: Meeting called to order by Ray Mikolasek at 5: 02 pm.
Roll Call: Present: Ryan Goldsmith, Jeff Burgner, Ray Mikolasek
Guests: Rob Fredrickson; Treasurer, Larry DeBord; Citizen, Tom Harhvell; Attorney
Citizen Comments: None
Previous Meeting Minutes: November 08, 2022
Corrections/Approval
Motion to Approve: JeffBurgner, 2"d Ryan Goldsmith — 3 ayes, 0 nays
Communications: None
Monthly Treasurer's Report: October, November, and December 2022
Rob Fredrickson: December with IPOPIF has total cash in investments of just under 14.6 million
Motion to approve: Ryan Goldsmith, 2"d Jeff Burgner — 3 ayes, 0 nays
Bills for Payment:
MVT Management Fee: (.Tan — Mar 2023) $ 1,170.00
Great Lakes Advisors Fee: (Nov — Dee 2022) $ 543.35
Acct: 90733303
Great Lakes Advisors Fee: (Nov — Dec 2022) $ 1,991.86
Acct: 56737766
UCOY Reimbursement (Pension Audit) $ 2,800.00
Zabinski Consulting (Nov — Dec 2022) $ 1,200.00
Collins and Radja: Attorney (special meeting) $ 250.00
Collins and Radja: Attorney $ 825.00
Total Bills for Payment: $ 8,780.21
Motion to Approve: Jeff Burgner, 2"d Ryan Goldsmith Roll call vote: Ryan Goldsmith, aye; Jeff Burgner, aye; Ray
Mikolasek, aye.
Investments:
- IPOPIF Statement
Rob Fredrickson November 2"' completed the transfer with the state.
November 2"d portfolio was down .9% and month of December was down 2.8 %
Old Business:
Resolution to allow Treasurer Rob Fredrickson to transfer money to IPOPIF fund.
Authorize and complete MyStateStreet Access Form.
Ray Mikolasek makes motion to adapt a resolution appointing authorized account representative, Rob
Fredrickson, to transfer money to IPOPIF. 2"d Ryan Goldsmith- 3 ayes- 0 nays
New Business: Appellant court made determination that the consolidating statue is constitutional.
Personnel Changes and Additions:
New Hires: Jacob Schwartz, January 3, 2023 (Tier II)
Ryan Goldsmith motion to accept Jacobs application into police pension fund. 2"d Jeff Burgner -- 3 ayes — 0 nays
Additional Business:
Citizen Comments: Larry DeBord had question about sheet from received from the state regarding fund.
Next meeting:
May 16, 2023 5:00pm
Motion to Adjoum: 5:15 pm by Jeff Burgner, 2"d Ryan Goldsmith 3 ayes -0 nays
2023 meeting dates: Feb 14, May 16, Aug 08, Nov 14
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