The village of New Lenox Police Pension Board met Jan. 23 to review the 2017 budget.
Here is the meeting's agenda, as provided by the board:
"The Police Pension Board oversees the status of funding and investments of the Police Pension Fund. This appointed Board consists of five part-time members; namely a chairman and four board members."
REGULAR MEETING AGENDA #17-02
NEW LENOX VILLAGE POLICE PENSION BOARD
New Lenox Police Department, 200 Veterans Parkway
UMonday, January 23, 2017 5:00 p.m.
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENT
4. APPROVAL OF MINUTES
a. October 24, 2016 Regular Meeting
b. October 28, 2016 Regular Meeting
5. TREASURER’S REPORT – INVESTMENTS AND ACCOUNTS
a. Finance Director – approval of annual COLA increases
b. Lauterbach & Amen
• Monthly Report
• Engagement Letter for Services through 4/30/2019
c. Wall & Associates
6. APPROVAL OF DISBURSEMENTS
a. Wall & Associates, $9,482.95
b. Reimer, Dobrovolny & Karlson, LLC, legal services $820.92
c. Foster & Foster, Actuarial Valuation & Report, $3,500.00
d. Lauterbach & Amen, LLP, Sept. 2016 accounting fees, $905.00
e. Lauterbach & Amen, LLP, Oct. 2016 accounting fees, $905.00
f. Lauterbach & Amen, LLP, Nov. 2016 accounting fees, $905.00
g. Lauterbach & Amen, LLP, Dec. 2016 accounting fees, $905.00
h. Lauterbach & Amen, LLP, Municipal Compliance Report FY16, $545.00
i. Lauterbach & Amen, LLP, IDOI Report for FY16 Report, $1,650.00
j. Village of New Lenox, Clerical Services for FY 16/17, $400.00
k. Mesirow Financial, Fiduciary Liability Insurance, $3,383.00
l. Village of New Lenox, Audit Services FY2016, $5,500.00
m. Martin Nowak, mileage reimbursement for IPPFA Pension Seminar, $39.96
n. IPPFA 2017 Regional Seminar – Martin Nowak Registration, $175.00
7. APPLICATIONS FOR MEMBERSHIP – None
8. APPLICATIONS FOR REFUND – Michael Donnelly
9. OLD BUSINESS – Jeff Casper Disability
10. NEW BUSINESS
a. 2017/2018 Budget
b. Determine need for election of beneficiary and active Trustees and/or reappointment
of appointed Trustees
c. Annual verifications of eligibility for beneficiaries
d. Review/update contracts with vendors
11. LEGAL UPDATE
12. ADJOURNMENT
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