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