Police Pension Board

Public participation is invited on each agenda item prior to the Board's deliberation. When called upon, please approach the microphone and state your name and the address where you live. Kindly limit your remarks to three (3) minutes. VILLAGE OF VILLA PARK Village Hall, Committee of the Whole Room 20 S. Ardmore Avenue Villa Park, IL 60181 Police Pension Board February 1, 2024 4:30 PM 1. Call to Order 2. Roll Call 3. Public Comments 4. Approval of Minutes a. November 16, 2023 Regular Meeting b. Semi-Annual Review of Closed Session Meeting Minutes 5. Accountant's Report - Sikich, LLP a. Monthly Financial Report b. Presentation and Approval of Bills – Disbursement Warrant Report c. Additional Bills, if any 6. Investment Report – Sawyer Falduto Asset Management, LLC a. Quarterly Investment Performance Report b. Review/Update Investment Policy 7. Communications and Reports a. Affidavits of Continued Eligibility b. Statements of Economic Interest 8. Trustee Training Updates a. Approval of Trustee Training Registration Fees and Reimbursable Expenses 9. Applications for Membership/Withdrawals from Fund a. Application for Membership – Elsa Franco 10. Applications for Retirement/Disability Benefits 11. Old Business a. Portability Update – Giovanni Garofalo 12. New Business a. Portability Update – Nicholas Simons b. Discussion - IDOI Annual Statement and FYE Audit Update c. Review Trustee Term Expirations and Election Procedures d. Approve Annual Cost of Living Adjustments for Pensioners 13. IPOPIF a. Written Notice to Investment Consultants, Managers and Custodians of Asset Transfer Date b. Cash Flow Projections Chart (prepared by Sikich) c. Identification of Transition Cash Retention (three or four months of projected cash needs for benefits/expenses) d. Discussion/Possible Action – Cash Management Policy e. Appointment of Account Representatives for eCFM Portal (by Resolution) 14. Attorney's Report– Karlson Garza McQueary LLC a. Legal Updates 15. Closed Session, if needed 16. Adjournment The Villa Park Village Hall is subject to the requirements of the Americans with Disabilities Act of 1990. An elevator is operational at the north side entrance to the Village Hall during normal work hours and also during evenings. Individuals with special needs are requested to contact the Village's Compliance Officer at (630) 834-8500 so that reasonable accommodations can be made for those persons.