HomeMy WebLinkAboutPOLICE PENSION - 06/07/2022 - Police Pension Meeting MinutesMINUTES SPECIAL MEETING OF THE
ELK GROVE VILLAGE POLICE PENSION FUND
BOARD OF TRUSTEES
JUNE 7, 2022
A special meeting of the Elk Grove Village Police Pension Fund Board of Trustees was held via
videoconference on Tuesday, June 7, 2022 at 3:00 p.m. in accordance with the State's disaster declaration
regarding the COVID-19 pandemic and the Board President's determination that an in -person meeting is
not practical or prudent, pursuant to notice.
CALL TO ORDER: Trustee Torres called the meeting to order at 3:00 p.m.
ROLL CALL:
PRESENT: Trustees Christopher Torres, Thomas Molloy, Charles Walsh, Allan Ambrose
Warren Moody
ABSENT: None
ALSO PRESENT: Attorney Vincent Mancini, Reimer Dobrovolny & Labardi, PC (RDL); Assistant
Finance Director Brian Kohler, Elk Grove Village; Doug Oest, Marquette
Associates; Sam Meyer, Lauterbach & Amen, LLP (L&A); Deputy Chief Daniel
Burke, Elk Grove Village Police Department
All members of the meeting consented to being recorded.
IPOPIF UPDATES: Discussion/Possible Action — Additional IPOPIF Requests Pertaining to
Consolidation: The Board discussed consolidation and the recent court ruling. A motion was made by
Trustee Ambrose and seconded by Trustee Molloy to comply with consolidation and transfer all required
investment assets to IPOPIF as required by law. Motion carried by roll call vote.
AYES: Trustees Torres, Molloy, Walsh, Ambrose and Moody
NAYS: None
ABSENT: None
The Board reviewed Resolution 22-01 the appointment of two Authorized Agents and the exhibits A and
B prepared by IPOPIF. A motion was made by Trustee Walsh and seconded by Trustee Molloy to adopt
Resolution 22-01 designating Trustee Torres and Finance Director Christine Tromp the Authorized Agents
and directed them to execute and submit all exhibits on behalf of the Elk Grove Village Police Pension
Fund. Motion carried by roll call vote.
AYES: Trustees Torres, Molloy, Walsh, Ambrose and Moody
NAYS: None
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Discussion/Possible Action — State Street Enterprise Cash Flow Module (eCFM) Paperwork and
Resolution Establishing an Additional Representative for the eCFM: The Board reviewed the Resolution
appointing Authorizing Agent for the Enterprise Cash Flow Module and My State Street.com application.
A motion was made by Trustee Walsh and seconded by Trustee Ambrose to adopt Resolution 2022-02
appointing Trustees Torres and Molloy and Finance Directors Christine Tromp and Brian Kohler as users.
Motion carried by roll call vote.
AYES: Trustees Torres, Molloy, Walsh, Ambrose and Moody
NAYS: None
ABSENT: None
Discussion/Possible Action — Interim Cash Management Policy: The Board discussed establishing a cash
management policy. A motion was made by Trustee Walsh and seconded by Trustee Molloy to table this
item until the Board's July 17, 2022 regular meeting. Motion carried by roll call vote.
Elk Grove Village Police Pension Fund
Meeting Minutes — June 7, 2022
Page 2 of 2
AYES: Trustees Torres, Molloy, Walsh, Ambrose and Moody
NAYS: None
ABSENT: None
PUBLIC COMMENT: There was no public comment.
CLOSED SESSION, IF NEEDED: There was no need for closed session.
ADJOURNMENT: A motion was made by Trustee Moody and seconded by Trustee Ambrose to adjourn
the meeting at 3:42 p.m. Motion carried by roll call vote.
AYES: Trustees Torres, Molloy, Walsh, Ambrose and Moody
NAYS: None
ABSENT: None
The next regular meeting will be held on July 13, 2022 at 2:00 p.m.
Board President or Secretary
Minutes approved by the Board of Trustees on
Minutes prepared by Sam Meyer, Pension Services Administrator, Lauterbach & Amen, LLP