City of Peoria Firemen’s Pension Fund Board of Trustees met Nov. 28.
Here is the agenda provided by the board:
ROLL CALL
Roll Call of the following members: Higgins, Smith, Tarr, Tomblin, President Troglio – 5.
INVOCATION
A moment of silence will be held in remembrance of those Firefighters who have served our community.
MINUTES
Recommendation to Approve the Minutes of the Regular Meeting held on October 24, 2022, and the Minutes of the November 18, 2022, Special Meeting, as printed.
REGULAR BUSINESS
ITEM NO. 1 MONTHLY PORTFOLIO PERFORMANCE REVIEW from MARQUETTE ASSOCIATES (FPIF) dated September 30, 2022, and the STATEMENT of RESULTS from NORTHERN TRUST dated October 2022, with Request to Receive and File.
ITEM NO. 2 Report from Fire Marshal Shawn Sollberger of Pension Fund Contributions, which were made by payroll deductions during the MONTH of OCTOBER 2022, from the active members of the Peoria Fire Department and which checks were turned in to the City Treasurer’s Office by Director of Finance/Comptroller, with Recommendation to Concur and Receive and File.
ITEM NO. 3 Request to APPROVE the following BILLS:
Pensions for November 2022 (dated November 30, 2022) - $1,527,766.78
Mesirow Ins Svcs – Ullico Renewal 11/15/22-11/15/23 - 10,643.00
Lauterbach & Amen PC – August 2022 - 3,550.00
Reimer Dobrovolny & Labardi PC – Legal Svcs - 825.00
Associated Fire Fighters of IL – Pension Books - 350.00
Office Depot- FP File Folders (Blue and Red $31.69 ea) - 63.38
SUB-TOTAL FOR NOVEMBER - $1,543,198.16
APPROVE GRAND TOTAL FOR NOVEMBER - $1,543,198.16
ITEM NO. 4 Request to APPROVE an UNDERPAYMENT of Regular Retirement Benefits, in the Amount of $346.41 for FIRE CAPTAIN SCOTT L. VENZON.
ITEM NO. 5 Review of APPLICATION FOR MEMBERSHIP hired on August 26, 2022, to the Firemen’s Pension Fund for JOHN T. PRENTISS, with Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 6 Review of APPLICATION FOR MEMBERSHIP hired on August 26, 2022, to the Firemen’s Pension Fund for SAVANNAH E. BUSHMAN, with Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 7 Review of APPLICATION FOR MEMBERSHIP hired on August 26, 2022, to the Firemen’s Pension Fund for RYAN D. HAMILTON, with Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 8 Review of APPLICATION FOR MEMBERSHIP hired on August 26, 2022, to the Firemen’s Pension Fund for SHANE M. SMITH, with Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 9 Review of APPLICATION FOR MEMBERSHIP hired on August 26, 2022, to the Firemen’s Pension Fund for CADEN S. DAVIS, with Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 10 MONTHLY FINANCIAL REPORT from LAUTERBACH & AMEN, LLP for the Month of SEPTEMBER 2022, which Includes the STATEMENT OF PLAN NET ASSETS, STATEMENT OF CHANGES IN PLAN NET ASSETS, SUMMARY of CASH AND INVESTMENTS, BALANCE SHEET, REVENUES and REVENUE REPORT, EXPENSES and EXPENSE REPORT, PAYROLL JOURNAL, and VENDOR CHECKS REPORT, with Recommendation to APPROVE.
ITEM NO. 11 DISCUSSION Regarding MORTON COMMUNITY BANK WIRE TRANSFER AGREEMENT Related to CALLBACK VERIFICATION, and the Authorization of City Treasurer Stephen Morris to Sign, with a Request to RECEIVE and FILE or Take Other Action Necessary.
ITEM NO. 12 Request to APPROVE a RECURRING WITHDRAWAL from IFPIF to Morton Community Bank beginning January 1, 2023, through December 31, 2023, in the amount of $1,500,000.00, or other amount deemed appropriate by the Board.
ITEM NO. 13 REQUEST for APPROVAL of the AUDIT ENGAGEMENT LETTER with SIKICH, LLP for the Year Ended DECEMBER 31, 2022, Audit.
ITEM NO. 14 REQUEST for APPROVAL of a RESOLUTION Authorizing City Treasurer Stephen Morris the POWER TO INVEST, and Authorize City Treasurer Morris to Maintain a Minimum of $10,000.00 in the HARRIS BANK ACCOUNT.
ITEM NO. 15 DISCUSSION Regarding Setting a Date or Cancellation for the DECEMBER REGULAR BOARD MEETING Due to the Holidays. Recommendation: Take Action Deemed Appropriate.
UNFINISHED BUSINESS
ITEM NO. 16 CONTINUED DISCUSSION ON THE REQUEST to RECEIVE and FILE the MUNICIPAL COMPLIANCE REPORT for the FIREMEN’S PENSION FUND OF PEORIA for the Year Ended DECEMBER 31, 2021, Prepared by LAUTERBACH & AMEN, LLP.
ITEM NO. 17 CONTINUED DISCUSSION ON THE MONTHLY FINANCIAL REPORT from LAUTERBACH & AMEN, LLP for the Month of AUGUST 2022, which Includes the STATEMENT OF PLAN NET ASSETS, STATEMENT OF CHANGES IN PLAN NET ASSETS, SUMMARY of CASH AND INVESTMENTS, BALANCE SHEET, REVENUES and REVENUE REPORT, EXPENSES and EXPENSE REPORT, PAYROLL JOURNAL, and VENDOR CHECKS REPORT, with Recommendation to APPROVE.
NEW BUSINESS
CITIZENS’ OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES EXECUTIVE SESSION
ADJOURNMENT
http://www.peoriagov.org/content/uploads/2020/03/11-28-22-FIRE-PENSION-AGENDA_1669248252_add.pdf
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