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McHenry Times

Wednesday, July 23, 2025

City of Crystal Lake Police Pension Fund Board met July 17

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Crystal Lake Mayor Haig Haleblian | https://www.haigformayor.com/

Crystal Lake Mayor Haig Haleblian | https://www.haigformayor.com/

City of Crystal Lake Police Pension Fund Board met July 17

Here is the agenda provided by the board:

Invitees: Trustees of the Crystal Lake Police Department Pension Fund

1. Call to Order

2. Roll Call

3. Public Comment

4. Approval of minutes from April 24, 2025, Regular Meeting

5. Investment Reports

a. Sawyer Falduto Asset Management, LLC – Quarterly Report

b. IPOPIF – Verus Advisory Inc. Report

c. IPOPIF – State Street Statements

d. BMO Harris Bank - Statements

6. Treasurers Report

7. Cash Management

a. Lauterbach & Amen - Vendor Check Report 4/1/25 – 6/30/25

b. Lauterbach & Amen - Pension Payment Ledger / Multiple Batch Report 4/1/25-6/30/25

c. Discussion / Possible Action – Cash Management

d. Presentation & Approval of Bills

8. Applications for Membership/Withdrawals from Fund

a. Casey Hodges – New hire effective 6/30/25 – Tier 2 Participant

9. Applications for Retirement/Disability Benefits

10. Old Business

a. Update IRS outstanding taxes notice for year end 2024

11. New Business

a. Adoption of IDOI Annual Report and the Municipal Compliance Report.

b. Schedule annual disability exam for Shannon Ross

c. Election of Board Officers

d. Semi-Annual review of closed executive session minutes

e. Review of Recording Secretary Eileen Baker’s current salary for pension related duties

12. Trustee Training Updates

13. Attorney’s Report –Reimer Dobrovolny & LaBardi PC

14. Closed Session, if needed

15. Adjournment

https://www.crystallake.org/home/showpublisheddocument/24373/638881021602770000