Kane County Reporter

City of Geneva Police Pension Fund Board of Trustees met July 16

Here is the agenda provided by the board:

1. Call to Order

2. Roll Call

3. Public Comment

4. Approval of Meeting Minutes

a.) September 6, 2024 Hearing Transcript

b.) September 6, 2024 Closed Session

c.) April 16, 2025 Regular Meeting

d.) Semi-Annual Review of Closed Session Meeting Minutes

5. Accountant’s Report – Lauterbach & Amen

a.) Monthly Financial Report

b.) Presentation and Approval of Bills

c.) Additional Bills, if any

d.) Discussion/Possible Action – Cash Management Policy

6. Investment Report

a.) IPOPIF – Verus Advisory, Inc

i.) State Street Statement

7. Communications and Reports

a.) Affidavits of Continued Eligibility

b.) Active Member File Maintenance

c.) Pension Fund Records Management

8. Trustee Training Updates

a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses

9. Applications for Membership/Withdrawals from Fund

a.) Applications for Membership – Keone Derian, Grant Oliver, Cassandra Parola and Keith Schroeder

10. Applications for Retirement/Disability Benefits

a.) Approve Regular Retirement Benefits – Daniel Yates

11. Old Business

12. New Business

a.) Discussion/Possible Action – Authorization of BMO Bank Account Viewing Access

b.) IDOI Annual Statement

c.) Portability Update – Andrew Blum

d.) Appointed Member Term Update – Vacant Position

e.) Board Officer Elections – President, Vice President, Secretary and Assistant Secretary

f.) FOIA Officer and OMA Designee

13. Attorney’s Report – Ottosen DiNolfo Hasenbalg & Castaldo, Ltd.

a.) Pension Insights

14. Closed Session, if needed

a.) For the Purpose of Discussing:

i.) The Appointment, Employment, Compensation, Discipline, Performance or Dismissal of a Specific Employee [5 ILCS 120/2(c)(1)]

j.) Pending or Probable Litigation Against, Affecting, or on Behalf of the Public Body [5 ILCS 120/2(c)(11)]

k.) Discussion of Minutes of Meetings Lawfully Closed Under the Open Meetings Act [5 ILCS 120/2(c)(21)]

15. Adjournment

https://www.geneva.il.us/AgendaCenter/ViewFile/Agenda/_07162025-2563