110 E. Walnut Street, Oglesby, IL 61348 • 815-883-3389
110 E. Walnut Street, Oglesby, IL 61348 • 815-883-3389

Meeting: October 8, 2019

AGENDA

OGLESBY POLICE PENSION FUND

Meeting to be held at Oglesby City Hall, on October 8, 2019 at 2:00 p.m..

  1. Meeting called to order
  1. Roll call
    1. Chief Jim Knoblauch
    2. Tom Porter
    3. James Cullinan
    4. Mike Padilla
    5. Corey Vanschaick
  1. Reading/Approval of minutes of last meeting:
    1. July 9, 2019
  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of September 30, 2019 was $421,862.69.
    2. Investment review with Hometown National Bank (Phil Slevin)
  1. Old business
    1. Proposals for Annual Filing
  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 09/30/2019 was $2,180.80 (fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
    2. IPPA annual membership – $500.00
    3. Illinois Department of Insurance – Annual compliance fee – $622.73
  1. Application for Membership – NONE
  1. Application for Benefits – NONE
  1. New Business
    1. Nomination of Officers
    2. Actuarial Valuation – Alyssa Ruan
    3. 2020 Pension Board Meetings
  1. Other

Meeting: July 9, 2019

OGLESBY POLICE PENSION FUND

Meeting to be held at Oglesby City Hall, on July 9, 2019 at 2:00 p.m.

  1. Meeting called to order
  1. Roll call
    1. Alan Hansen
    2. Chief Jim Knoblauch
    3. Tom Porter
    4. James Cullinan
    5. Mike Padilla
  1. Reading/Approval of minutes of last meeting:
    1. May 7, 2019
  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of June 30, 2019 was $178,472.37.
    2. Investment review with Hometown National Bank (Peter Corgiat)
  1. Old business
    1. Proposals for Annual Filing
  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 06/30/2019 was $2,093.85(fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
  1. Application for Membership – NONE
  1. Application for Benefits – NONE
  1. New Business
    1. Nomination of Officers
  1. Other

Agenda: April 9, 2019

AGENDA

 

OGLESBY POLICE PENSION FUND

            Meeting to be held at Oglesby City Hall, on April 9, 2019 at 1:30 p.m.

  1. Meeting called to order
  1. Roll call
  1. Reading/Approval of minutes of last meeting:
    1. January 8, 2019
  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of March 31, 2019 was $86,802.90.
    2. Investment review with Hometown National Bank (Peter Corgiat)
  1. Old business
  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 03/31/2019 was $2,012.37(fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
    2. Jay Baxter – Monthly accounting assistance (Bank Statements) – $55.00
  1. Application for Membership – NONE
  1. Application for Benefits – NONE
  1. New Business
  1. Other

Agenda: January 8, 2019

AGENDA

 

OGLESBY POLICE PENSION FUND

 

Meeting to be held at Oglesby City Hall, on January 8, 2019 at 2:00 p.m.

 

  1. Meeting called to order

 

  1. Roll call

 

  1. Reading/Approval of minutes of last meeting:
    1. November 9, 2018 – Special Meeting

 

  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of December 31, 2018 was $246,728.38.
    2. Investment review with Hometown National Bank (Peter Corgiat)

 

  1. Old business

 

  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 12/31/2018 is $2,053.09(fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
    2. Jay Baxter – Monthly accounting assistance/ Annual Report (Bank Statements) – $1,130.00
    3. Lauterbach & Amen – Actuarial Report – $2,000.00

 

  1. Application for Membership – NONE

 

  1. Application for Benefits – NONE

 

  1. New Business
    1. Julie Kilday from Jay Baxter and Associates.

 

  1. Other

Agenda: October 9, 2018

AGENDA

 

OGLESBY POLICE PENSION FUND

 

Meeting to be held at Oglesby City Hall, on October 9, 2018 at 2:00 p.m.

 

  1. Meeting called to order

 

  1. Roll call

 

  1. Reading/Approval of minutes of last meeting:
    1. July 17, 2018

 

  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of September 30, 2018 was $350,620.44.
    2. Investment review with Hometown National Bank (Peter Corgiat)

 

  1. Old business

 

  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 09/30/2018 is $2,004.79(fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
    2. Jay Baxter – Monthly accounting assistance/ Annual Report (Bank Statements) – $1,110.00

 

  1. Application for Membership – NONE

 

  1. Application for Benefits – NONE

 

  1. New Business

 

  1. Other
    1. Board Meetings for 2019

Agenda: July 17, 2018

AGENDA

 

OGLESBY POLICE PENSION FUND

 

Meeting to be held at Oglesby City Hall, on July 17, 2018 at 2:00 p.m.

 

  1. Meeting called to order

 

  1. Roll call

 

  1. Reading/Approval of minutes of last meeting:
    1. April 10, 2018

 

  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of June 30, 2018 was $129,136.59.
    2. Investment review with Hometown National Bank (Peter Corgiat)

 

  1. Old business

 

  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 06/30/2018 is $ 1,925.26(fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
    2. Jay Baxter – Monthly accounting assistance/ Annual Report (Bank Statements) – $290.00
    3. Arthur J. Gallagher Risk Management Services (Fiduciary Insurance) – $3,046.00

 

  1. Application for Membership – NONE

 

  1. Application for Benefits – NONE

 

  1. New Business

 

  1. Other
    1. IPPAC meeting to be held at Hometown National Bank August 23rd and August 24th

Agenda: April 10, 2018

AGENDA

 

OGLESBY POLICE PENSION FUND

            Meeting to be held at Oglesby City Hall, on April 10, 2018 at 2:00 p.m.

  1. Meeting called to order

  1. Roll call

  1. Reading/Approval of minutes of last meeting:
    1. January 9, 2018

  1. Report of treasurer and review and act on investment activities:
    1. Balance in Northern Instl Government Select Money Market as of March 31, 2018.
    2. Investment review with Hometown National Bank (Peter Corgiat)

  1. Old business
    1. Actuarial Valuation – Funding Plan

  1. Presentation/Approval of bills:
    1. Hometown National Bank – Quarterly fee for Quarter ending 03/31/2018 is $ (fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
    2. Jay Baxter – Monthly accounting assistance/ Annual Report (Bank Statements) – $

  1. Application for Membership – NONE

  1. Application for Benefits – NONE

  1. New Business

  1. Other
    1. 2018 Annual Spring Conference – May 16th, 17th & 18th @ Jumers

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