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Police Pension Minutes 2023 08-23-23 Yorkville Police Pension Fund Board 651 Prairie Pointe Dr Yorkville, IL 60560 (630) 553-4340 5:00PM on August 23, 2023 Yorkville City Hall 3`d Floor,West Conference Room,Rm 335 651 Prairie Pointe Dr,Yorkville, IL Special Meeting Minutes Attachments: Meeting Minutes for May 16, 2023 President/Secretary to sign Monthly Treasurer's Reports Bills for Payment Yorkville Police Pension Fund Management Report Meeting Call to Order: Meeting called to order by Greg Sibenaller at 5:04pm Roll Call: Present: Ryan Goldsmith, Greg Sibenaller, Ray Mikolasek, Rob Fredrickson Guests: Tom Radja, Attorney Citizen Comments:None Previous Meeting Minutes: May 16,2023 Corrections/Approval Motion to Approve: Ray Miko'lasek, 2"d Ryan Goldsmith —3 ayes, 0 nays Communications: None Executive Session: 1. For the appointment, employment, compensation, discipline, performance, or dismissal of specific employees of the public body or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee of the public body or against legal counsel for the public body to determine its validity. Monthly Treasurer's Report: April and May 2023—Rob Fredrickson—As of May 31,fund is at$14,935,436 in Cash and Investments Motion to Approve: Ryan Goldsmith, 2"d Ray Mikolasek —3 ayes, 0 nays Bills for Payment: MVT Management Fee: (Jul - Sep 2023) $ 1,191.00 Zabinski Consulting(May-July) $ 1,875.00 IPPAC Annual Membership $ 500.00 Radja Collins Law(QILDRO Review) $ 187.50 Radja Collins Law: Attorney $ 825.00 Total Bills for Payment: $ 4,578.50 Motion to Approve:Ryan Goldsmith, 2"d Ray Mikolasek-Roll call vote: Ryan Goldsmith, aye; Greg Sibenaller, aye; Ray Mikolasek, aye. Investments: IPOPIF Statement—Rob Fredrickson -Statements from IPOPIF provided to board members. Total assets at IPOPIF$14.15 million. Investment return inception to date is 9.29%;year to date is 9.89%; last month and a quarter is 2.5%. Old Business: None New Business: None Personnel Changes and Additions: Resignation: Dennis Meyer—August 10, 2023 - Changed to August 13, 2023. Meyer has reached out to inquire about transfer offunds to Plainfield Police Pension Fund. Additional Business: Retired Sergeant Andrew Jeleniewski QILDRO—Document reviewed by Attorney Tom Radja and payments to new payee have begun. Motion to ratify payments to alternative payee pursuant to the QUILDRO: Ray Mikolasek, 2"d Ryan Goldsmith-Roll call vote:Ryan Goldsmith, aye; Greg Sibenaller, aye; Ray Mikolasek, aye. Citizen Comments: None Next meeting: November 14, 2023 5:00pm Motion to Adjourn: 5:18pm by Ray Mikolasek, 2"d Ryan Goldsmith —3 ayes, 0 nays 2023 meeting dates: Feb 14, May 16, Aug 08, Nov 14 41,1114s-iii1/ Presid t Secretary