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Sunday, April 28, 2024

Village of Algonquin Police Pension Board met Jan. 31

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Laura Brehmer, Village Trustee | Village Of Algonquin Website

Laura Brehmer, Village Trustee | Village Of Algonquin Website

Village of Algonquin Police Pension Board met Jan. 31.

Here is the agenda provided by the board:

I. Call to Order, Roll Call, and Establish Quorum

II. Adopt Agenda

III. Public Comment

IV. Approval of Minutes

a. Police Pension Board Meeting on October 25, 2023

V. Appointments

VI. Consultant’s Report

VII. Village Treasurer’s Report

a. Financial Report for October 2023 to December 2023

b. Cash Flow Review

c. Transfer of funds to the IPOPIF

VIII. Approval of Bills

a. October 2023 – December 2023 Pension Payments in the amount of $440,038.09

b. October 2023 – December 2023 in the amount of $41,081.57

IX. Request for Benefits

a. Application for Retirement: Thomas Murray

X. Closed Session (if necessary)

XI. New Business

a. Application of New Officer: Kara Burroughs

b. Application of New Officer: Rehman Qureshi

c. Review and approval of Records Disposal Certificate

d. Approval of Fiscal Year 2024/2025 Budget

e. Confirmation of Village’s Tax Levy Amount for Fund

f. Approve Ottosen DiNolfo Engagement Letter for 2024

g. Approval of 2023 Actuary Report

h. Submission of Statements of Economic Interest

i. Review Trustee Term Expirations and Election Procedures

j. Six-Month Review of Closed Session Minutes

XII. Old Business

a. Application for Retirement: Kimberly Montgomery

b. Illinois Supreme Court Ruling: Arlington Heights Police Pension Fund vs. Pritzker

XIII. Training

XIV. Next Quarterly Meeting – April 24, 2024

XV. Adjournment

https://www.algonquin.org/egov/documents/1706306216_84966.pdf

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