North Cook News

Village of South Barrington Police Pension Fund Board of Trustees met Sept. 30

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 Final Fiscal-Year 2025-2026 Budget – Status

6. Accountant’s Report

A. Review and Approve the Most Recent Financial Report

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

C. Review and Approve GASB 67-68 draft

D. Approve Additional Bills

1. Foster & Foster Invoice: 35257 - February, Invoice: 35745 – March, Invoice 36022 – April, Invoice: 36472 – May, Invoice: 36904 – June, Invoice: 37267 – July, Invoice: 37836 – August. Description: Plan Administration Services.

2. Lauterbach & Amen, LLP; Invoice: 101674 – February, Invoice: 102807 – March, Invoice: 104025 – April, Invoice: 104987 – May, Invoice: 105982 – June, Invoice: 107388 – July, Invoice: 106332 – GASB 67/68. 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

E. 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 as of August 31, 2025

1. Participant Fund Monthly Statement through June 30, 2025

8. Cash Management

A. Bank Signature Card Update

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

C. Amend Cash Management Directives and Update eCFM Form, if needed

D. Approve Bank Corporate Resolutions and Bank Signers

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

E. 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

A. Legal Updates

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. Remaining 2025 Training Opportunities

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

12. New Business

A. Update on Active Member Election

B. Annual Appointment of Officers – President, Vice-President, Secretary

C. Discussion of Terminated Members with Contributions

D. Discussion of Future Plan Administration Services

12. Closed Session, if Necessary

13. Adjournment

https://southbarrington.org/wp-content/uploads/2025/09/2025-09-30_Board_Meeting_Agenda_Revised.pdf