Fire Pension Board

Minutes of Pension Board Meeting April 14, 2014 Members present: Eric Hicks, Jim Carani, Mike Thomas, Ray Krueger, and Pat Eriksen Members Absent: Bill Kalal Others Present: Cary Collins, and Craig Larson Call To Order The meeting was called to order at 9:45 a.m. Announcements Eric Hicks was appointed to the Board by the Mayor of the City of DeKalb on May 12, 2014 for a three year term. New Business Certification of Election Results A Motion was made by Ray Krueger to approve the results of the election for the active member seat. Pat Eriksen won the election. Motion was seconded by Eric Hicks. Election of Officer The floor opened for nominations for officers. Mike Thomas was nominated as President by Eric Hicks. Pat Eriksen was nominated as Secretary by Mike Thomas. Nominations closed. Mike Thomas was elected as President. Pat Eriksen was elected as Secretary of the Board. The new board was seated at 10:00 a.m. Monthly Reports A Motion was made by Ray Krueger to take an omnibus vote and approve the following items in Omnibus form:  Financial Reports and Transactions of Investment Managers for the 1st quarter of 2014  Financial Reports of the Investment Consultant for the 1st quarter of 2014  Financial Reports of the Cash Manager for the 1st quarter of 2014  Payroll Transactions for the 1st quarter of 2014   Monthly Budget Reports for the 1st quarter of 2014  Ratify the trades of the asset manager for the 1st quarter of 2014  Minutes of the January 20, 2014 meeting Said Motion was seconded by Eric Hicks and unanimously approved by the Board. Accounts Payable A Motion was made by Eric Hicks to authorize the payment of the quarterly bills listed on the Lauterback and Amen general ledger. Said Motion was seconded by Ray Krueger and unanimously approved by the Board. Investment Committee Report Since new Board has been seated, a Motion was made by Ray Krueger to name the following individuals to Castle Bank, PNC, and Fidelity accounts: Eric Hicks, Pat Eriksen, and Mike Thomas. Said Motion was seconded by Mike Thomas. Pension Investment Consultant Agreement A Motion was made by Mike Thomas to renew for five years, the Agreement with Apple Hill Consulting. Said Motion was seconded by Ray Krueger and unanimously approved by the Board. Pension Board Audit A Motion was made by Ray Krueger to maintain Sikich firm for the annual Pension audit. Said Motion was seconded by Eric Hicks and unanimously approved by the Board. Old Business Pending Litigation None Trustee Training Trustees will be attending upcoming IPAC trustee training at Jumers. A Motion was made by Eric Hicks for the Board to pay expenses of the training. Said Motion was seconded by Ray Krueger and unanimously approved by the Board. Adjournment The next Regular Board meeting will be July 14, 2014 at 9:00 a.m. The next Investment Committee meeting will be July 14, 2014 at 8:00 a.m. A Motion was made by Ray Krueger to adjourn. Said Motion was seconded by Mike Thomas and approved unanimously by the Board. The meeting adjourned at 10:47 a.m.