North Cook News

Village of South Barrington Police Pension Fund Board of Trustees met July 15

Here is the agenda provided by the board:

1. Call to Order

2. Roll Call

3. Public Comment

4. Meeting Minutes

A. Review and Approve Regular Meeting Minutes – February 25, 2025

B. Semi-Annual Review of Closed Session Minutes

5. Treasurer’s Report

A. Review and Approve Fiscal-Year 2025-2026 Budget – Status

6. Accountant’s Report

A. Review and Approve Monthly Financial Reports for January 31, 2025, through May 31, 2025.

B. Review and Approve Year-End Close Adjustments FYE 04-30-25.

C. Review and Approve GASB 67-68 draft.

C. Approve Additional Bills

1) Foster & Foster Invoice: 35257 - February, Invoice: 35745 – March, Invoice: 36022 – April, Invoice: 36472 – May. Descriptions: Plan Administration Services.

2) Lauterbach & Amen, LLP; Invoice: 101674 – February, Invoice: 102807 – March, Invoice: 104025 – April, Invoice: 104987 – May. Descriptions: Professional Services and Accounting and Benefit Administration Services.

3) Radja Collins Law: Invoice 1700 – January. Description: First Quarter Retainer, Correspondence Tax Levy Request and MCR. Invoice 1772 – April. Description: Retainer & Levy Letter. Invoice 1848 June. Description: – 3rd Quarter Retainer.

4) IPPFA Invoice: 25-2044 – May, Description: Registration

D. Approve Trustee Training Registration Fees and Reimbursement Requests

1) 2025 IL Pension Conference Reimbursement – Trustee Deegan

2) 2025 IL Pension Conference Reimbursement – Trustee Abbate - Status

7. Investment Report

A. Review of IPOPIF’s Monthly Investment Report through June 30, 2025.

1) Participant Fund Monthly Statement through June 30, 2025.

8. Cash Management

A. Review of Cash Flow Projections and Discussion of Cash Management Needs

B. Amend Cash Management Directives and Update eCFM Form, if Needed

C. Approve Bank Corporate Resolutions and Bank Signers

1) BMO Resolution/Commercial Account Record and Designation of Check Signers.

D. Add/Remove Authorized Agents and/or Account Representatives by Resolution, if Needed

1) Approve Resolution Appointing Pension Fund Authorized Agents, Secretary’s Certificate, and Addendum, if Needed

9. Attorney’s Report

10. Membership Updates

A. Applications for Membership/Withdrawals from the Fund

B. Applications for Retirement/Disability Benefits

C. Withdrawals from the Fund/Contribution Refunds

D. Deceased Members/Applications for Surviving Spouse Benefits

E. Other

1) Blaszczyk, David – Portability Transfer Creditable Service

2) Lukowski, Joseph R. – Purchase of Military Service - Status

11. Old Business

A. 2025 Training Opportunities

B. Appointment of OMA Designee, FOIA Officer, and Security Officer for 2025

C. Statement of Economic Interest – Due in May - Status

12. New Business

A. 2025 Board Officers – Vice-President, Assistant Secretary Designations

B. Discussion and Possible Action on Membership to IPPFA

C. Review and Approve 2025 Pension Board Rules and Regulations

12. Closed Session, if Necessary

13. Adjournment

https://southbarrington.org/wp-content/uploads/2025/07/2025.07.15_Board_Meeting_Agenda-003.pdf