Village of East Dundee Police Pension Board met Oct. 20
Here is the minutes provided by the board:
1. Call to Order, Roll Call, and Establish Quorum
a. Meeting started at 2:00 PM via Zoom. Those answering present: President Ritter, Vice President Figolah, Secretary Miles, Assistant Secretary Theis, Trustee Holliman, John Falduto from Sawyer Falduto, Eric Endriukaitis from L&A, and Brian Labardi from Reimer & Dobrovolny
2. Public Comment
a. None
3. Approval of minutes from last meeting
a. Motion made to approve by Holliman; seconded by Figolah
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
4. Adoption and approval of recommended tax levy from actuarial valuation ($992,699)
a. Motion made to approve by Miles; seconded by Figolah
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
5. Request Reimer Dobrovolny to make official request to the village for tax levy 6. Adoption of municipal compliance report and forward to Village
a. Motion made to approve by Ritter; seconded by Holliman
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
7. Approval of the Pension Fund Audit – Sikich, LLP
a. Motion made to approve by Theis; seconded by Holliman
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
8. Schedule next calendar year quarterly meeting dates/times (1/19/21, 04/20/21, 07/20/21, 10/19/21) at 2:00 PM
a. Motion made to approve by Ritter; seconded by Theis
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
9. Approve filing of DOI annual report is due 10-31.
a. No board action required
10. Request for Benefits
a. None
11. Village Treasurer's Report / Accounting Report
a. Figolah reviewed the document and did not see VOED second half tax levy contribution b. There was no treasurer’s report for this meeting.
12. Bills
a. Motion to approve vender check report, in the amount of $63,565.61, made by Theis; seconded by Holliman
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
13. Investment Manager’s quarterly report; review/update investment policy
a. Motion to approve John Falduto’s Investment Manager’s quarterly report, as presented, made by Ritter; seconded by Holliman
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
14. New Business
a. None
15. Reimer/Dobrovolny
16. Discussion and possible action regarding Michael Seyller and pension benefits
a. Motion to suspend the investigation after reviewing case information gathered from FIOA requests made by Theis; seconded by Figola
i. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
17. Next Quarterly Meeting reminder
18. Adjournment
a. Motion to Adjourn made by Figola; seconded by Ritter
b. Roll: Ritter, Theis, Figolah, Holliman, Miles Ayes, 0 Nays. Carried.
c. Meeting ended 2:37 PM
https://webgen1files.revize.com/eastdundeeil/Agendas/10.20.20%20PPB%20Minutes.pdf
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