Police Pension Board

NOTICE OF A REGULAR MEETING OF THE MUNDELEIN POLICE PENSION FUND BOARD OF TRUSTEES The Mundelein Police Pension Fund Board of Trustees will conduct a regular meeting on Wednesday, January 29, 2025 at 6:30 p.m. in the Mundelein Police Department located at 221 North Lake Street, Mundelein, Illinois 60060, for the purposes set forth in the following agenda: AGENDA 1. Call to Order 2. Roll Call – Frasier, Shutter, Cupec, Ahern, Callaghan 3. Public Comment 4. Village of Mundelein Treasurer’s Report 5. Approval of Meeting Minutes a.) October 15, 2024 Regular Meeting b.) Semi-Annual Review of Closed Session Meeting Minutes 6. President’s Report 7. Accountant’s Report – Lauterbach & Amen, LLP a.) Monthly Financial Report b.) Presentation and Approval of Bills c.) Additional Bills, if any i. INSPE Invoice d.) Discussion/Possible Action – Cash Management Policy 8. Investment Reports – IPOPIF a.) Verus Advisory, Inc. b.) State Street Statements 9. Communications and Reports a.) Affidavits of Continued Eligibility b.) Statements of Economic Interest 10. Trustee Training Updates a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses 11. Applications for Membership/Withdrawals from Fund a.) Applications for Membership – Noe Torres 12. Applications for Retirement/Disability Benefits 13. Old Business a.) Discussion/Possible Action – Trustee Email Accounts 14. New Business a.) Approve Annual Cost of Living Adjustments for Pensioners b.) Review Trustee Term Expirations and Election Procedures 15. Attorney’s Report – Ottosen a.) Legal Updates b.) Annual Independent Medical Examination – Tyler Waters 16. Closed Session, if needed 17. Action on items discussed in Closed Session, if needed 18. Adjournment FUTURE MEETING DATES May 22, 2025; July 24, 2025 and October 23, 2025 at 6:30 p.m. Page 1 of 57  MINUTES OF A REGULAR MEETING OF THE MUNDELEIN POLICE PENSION FUND BOARD OF TRUSTEES OCTOBER 15, 2024 A regular meeting of the Mundelein Police Pension Fund Board of Trustees was held on Tuesday, October 15, 2024 at 6:30 p.m. in the Mundelein Police Department located at 221 North Lake Street, Mundelein, Illinois 60060, pursuant to notice. CALL TO ORDER: Trustee Frasier called the meeting to order at 6:30 p.m. ROLL CALL: PRESENT: Trustees Wallace Frasier, Jim Cupec, Deborah Shutter, Peter Ahern and Kevin Callaghan ABSENT: None ALSO PRESENT: Attorney John Kelly, Ottosen; Elizabeth Adelmann, Lauterbach & Amen, LLP (L&A) PUBLIC COMMENT: There was no public comment. VILLAGE OF MUNDELEIN TREASURER’S REPORT: There was no Treasurer’s Report presented. APPROVAL OF MEETING MINUTES: July 25, 2024 Regular Meeting: The Board reviewed the July 25, 2024 regular meeting minutes. A motion was made by Trustee Cupec and seconded by Trustee Callaghan to approve the July 25, 2024 regular meeting minutes as written. Motion carried unanimously by voice vote. PRESIDENT’S REPORT: There was no President’s Report presented. ACCOUNTANT’S REPORT – LAUTERBACH & AMEN, LLP: Monthly Financial Report: The Board reviewed the Monthly Financial Report for the four-month period ending August 31, 2024, prepared by L&A. As of August 31, 2024, the net position held in trust for pension benefits is $47,007,416.27 with a change in position of $4,057,836.27. The Board also reviewed the Cash Analysis Report, Revenue Report, Expense Report, Member Contribution Report, Payroll Journal, Quarterly Deduction Report and Quarterly Transfer Report. A motion was made by Trustee Ahern and seconded by Trustee Cupec to approve the Monthly Financial Report as presented. Motion carried unanimously by voice vote. Presentation and Approval of Bills: The Board reviewed the Quarterly Disbursement Report for the period June 1, 2024 through August 31, 2024 for total disbursements of $91,083.61. A motion was made by Trustee Callaghan and seconded by Trustee Shutter to approve the disbursements shown on the Quarterly Disbursement Report in the amount of $91,083.61. Motion carried by roll call vote. AYES: Trustees Frasier, Cupec, Shutter, Callaghan and Ahern NAYS: None ABSENT: None Additional Bills, if any: There were no additional bills presented for approval. Discussion/Possible Action – Cash Management Policy: BMO Money Market Account Cash Reserve Parameters: The Board discussed the balance in the BMO Bank Money Market Account. A motion was made by Trustee Cupec and seconded by Trustee Ahern to increase the minimum balance threshold in the BMO Bank operating account to $10,000 and to maintain the maximum balance threshold at $25,000 and to establish a minimum balance parameter of $400,000 and maximum balance parameter of $500,000 in the BMO Bank Money Market account, and when the balance exceeds $500,000, the account is rebalanced back to $400,000 Page 2 of 57 Mundelein Police Pension Fund Meeting Minutes – October 15, 2024 Page 2 of 4 with the excess cash being sent to IPOPIF for investment purposes; and to authorize L&A to move money between BMO Money Market and Operating accounts to fund benefits and expenses, if necessary. Motion carried by roll call vote. AYES: Trustees Frasier, Cupec, Shutter, Callaghan and Ahern NAYS: None ABSENT: None Repeat Withdrawal Instructions for 2025: The Board reviewed the Repeat Withdrawal Instructions for 2025. A motion was made by Trustee Cupec and seconded by Trustee Callaghan to set the 2025 monthly repeat deposits at $325,000 from IPOPIF. Motion carried by roll call vote. AYES: Trustees Frasier, Cupec, Shutter, Callaghan and Ahern NAYS: None ABSENT: None INVESTMENT REPORT – IPOPIF: Verus Advisory, Inc: The Board reviewed the Verus Advisory, Inc. report for the period ending August 31, 2024. As of August 31, 2024 the market value is $11,078,622,107 and the year-to-date net return for the Illinois Police Officers’ Pension Investment Fund (IPOPIF) is 10.1%. State Street Statements: The Board reviewed the Monthly Summary for the Fund prepared by the Illinois Police Officers’ Pension Investment Fund (IPOPIF) for the period ending August 31, 2024. As of August 31, 2024 the Fund’s market value is $43,199,529.71 and the month-to-date net return for the Fund is 1.97%. COMMUNICATIONS AND REPORTS: Affidavits of Continued Eligibility: The Board noted that L&A will mail Affidavits of Continued Eligibility to all pensioners in December. Further discussion will be held at the next regular meeting. TRUSTEE TRAINING UPDATES: The Board reviewed the Trustee Training summary and upcoming training opportunities. Trustees were reminded to submit any certificates of completion to L&A for recordkeeping. Approval of Trustee Training Registration Fees and Reimbursable Expenses: There were no trustee training registration fees or reimbursable expenses. APPLICATIONS FOR MEMBERSHIP/WITHDRAWALS FROM FUND: Applications for Membership – James Cummings, Rhani Jordan, Elizabeth Maldonado, Eliyah Thurman and Noe Torres: The Board reviewed the Applications for Membership submitted by James Cummings, Rhani Jordan, Elizabeth Maldonado, Eliyah Thurman and Noe Torres. A motion was made by Trustee Shutter and seconded by Trustee Cupec to accept James Cummings, Rhani Jordan and Elizabeth Maldonado effective September 23, 2024 and Eliyah Thurman effective September 24, 2024 into the Mundelein Police Pension Fund as Tier II participants. Motion carried unanimously by voice vote. The Board noted that Noe Torres’ application for membership will be reviewed at the next regular meeting. Resignation of Officer – Isidro Briceno-Garcia: The Board noted that Isidro Briceno-Garcia separated service from the Mundelein Police Department on September 16, 2024. A contribution refund request has not been received to date. Updates will be provided as they become available. APPLICATIONS FOR RETIREMENT/DISABILITY BENEFITS: There were no applications for retirement or disability benefits. Page 3 of 57 Mundelein Police Pension Fund Meeting Minutes – October 15, 2024 Page 3 of 4 OLD BUSINESS: IDOI Annual Statement: The Board noted that the IDOI Annual Statement will be filed with the Illinois Department of Insurance prior to the October 31, 2024 deadline. No further action is necessary. Portability Update – Jonathan Calero: The Board noted that Jonathan Calero has completed his transfer of creditable service from the Mundelein Police Pension Fund to the Naperville Police Pension Fund and payment of $59,864.94 has been remitted to the Naperville Police Pension Fund to complete the process. No additional Board action is required. NEW BUSINESS: Review/Approve – Actuarial Valuation and Tax Levy Request: The Board reviewed the draft Actuarial Valuation prepared by L&A. Based on data and assumptions, the recommended contribution amount is $3,394,560 which is a $354,326 increase from the prior year recommended contribution. A motion was made by Trustee Cupec and seconded by Trustee Ahern to accept the Actuarial Valuation as prepared and to request a tax levy in the amount of $3,394,560 from the Village of Mundelein. Motion carried by roll call vote. AYES: Trustees Frasier, Cupec, Shutter, Callaghan and Ahern NAYS: None ABSENT: None Review/Adopt – Municipal Compliance Report: The Board reviewed the Municipal Compliance Report prepared by L&A. A motion was made by Trustee Shutter and seconded by Trustee Callaghan to adopt the MCR as prepared and to authorize signatures by the Board President and Secretary. Motion carried by roll call vote. AYES: Trustees Frasier, Shutter, Callaghan and Ahern NAYS: None ABSENT: None ABSTAIN: Trustee Cupec Establish 2025 Board Meeting Dates: The Board discussed establishing the 2025 Board meeting dates as January 23, 2025; May 22, 2025; July 24, 2025; and October 23, 2025 at 6:30 p.m. in the Mundelein Police Department located at 221 North Lake Street, Mundelein, Illinois 60060. A motion was made by Trustee Cupec and seconded by Trustee Callaghan to establish the 2025 Board meeting dates as stated. Motion carried by roll call vote. AYES: Trustees Frasier, Cupec, Shutter, Callaghan and Ahern NAYS: None ABSENT: None Discussion/Possible Action – Trustee Email Accounts: The Board noted that the Village of Mundelein has established village email accounts for all Trustees and Trustee Callaghan will send the information to the Board regarding accessing the email. ATTORNEY’S REPORT – OTTOSEN: Legal Updates: Attorney Kelly provided legislative updates pertaining to Article 3 Pension Funds; including recent court cases and decisions, as well as general pension matters. Independent Medical Examination – Tyler Waters: Attorney Kelly noted that he will start the process for Tyler Waters’ independent medical examination. Further discussion will be held at the next regular meeting. Page 4 of 57 Mundelein Police Pension Fund Meeting Minutes – October 15, 2024 Page 4 of 4 CLOSED SESSION, IF NEEDED: Personnel 5ILCS120/2(c)(1) and Imminent or Pending Litigation 5ILCS120/2(c)(11): There was no need for closed session. ACTION ON ITEMS DISCUSSED IN CLOSED SESSION, IF NEEDED: There was no action needed. ADJOURNMENT: A motion was made by Trustee Shutter and seconded by Trustee Cupec to adjourn the meeting at 7:13 p.m. Motion carried unanimously by voice vote. The next regular meeting is scheduled for January 23, 2025 at 6:30 p.m. ______________________________________________ Board President or Secretary Minutes approved by the Board of Trustees on ______________________ Minutes prepared by Elizabeth Adelmann, Professional Services Administrator, Lauterbach & Amen, LLP Page 5 of 57 Monthly Financial Report For the Month Ended October 31, 2024 Prepared By 668 N. RIVER ROAD • NAPERVILLE, ILLINOIS 60563 PHONE 630.393.1483 • FAX 630.393.2516 www.lauterbachamen.com Page 6 of 57  Mundelein Police Pension Fund Table of Contents Starting on Page Accountants' Compilation Report................................................................................................ 1-1 Financial Statements Statement of Net Position - Modified Cash Basis................................................................... 2-1 Statement of Changes in Net Position - Modified Cash Basis................................................ 2-2 Other Supplementary Information Pooled Investment NAV vs Accumulated Net Investments Graph.......................................... 3-1 Cash Analysis Report............................................................................................................... 4-1 Cash Transfer to/from Consolidated Fund Graph.................................................................... 5-1 Revenue Report....................................................................................................................... 6-1 Cash Analysis Summary Graph............................................................................................... 7-1 Expense Report........................................................................................................................ 8-1 Pension Benefits and Expenses Graph.................................................................................... 9-1 Member Contribution Report.................................................................................................. 10-1 Payroll Batch Report............................................................................................................... 11-1 Quarterly Deduction Report.................................................................................................... 12-1 Quarterly Transfer Report........................................................................................................ 13-1 Quarterly Disbursement Report............................................................................................... 14-1 Page 7 of 57 Page 8 of 57 January 10, 2025 Mundelein Police Pension Fund 221 N Lake Street Mundelein, IL 60060 To Members of the Pension Board: Management is responsible for the accompanying interim financial statements of the Mundelein Police Pension Fund which comprise the statement of net position - modified cash basis as of October 31, 2024 and the related statement of changes in net position - modified cash basis for the six months then ended in accordance with the modified cash basis of accounting and for determining that the modified cash basis of accounting is an acceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants. We did not audit or review the interim financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these interim financial statements. The interim financial statements are prepared in accordance with the modified cash basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of America. Management has elected to omit substantially all of the disclosures ordinarily included in interim financial statements prepared in accordance with the modified cash basis of accounting. If the omitted disclosures were included in the interim financial statements and other supplementary information, they might influence the user's conclusions about the Pension Fund's assets, liabilities, net position, additions and deductions. Accordingly, the interim financial statements and other supplementary information are not designed for those who are not informed about such matters. Other Matter The other supplementary information is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management. The other supplementary information was subject to our compilation engagement. We have not audited or reviewed the other supplementary information nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on the other supplementary information. Cordially, Lauterbach & Amen, LLP Lauterbach & Amen, LLP Page 9 of 57 1-1 Page 10 of 57  Mundelein Police Pension Fund Statement of Net Position - Modified Cash Basis As of October 31, 2024 Assets Cash and Cash Equivalents $ 10,083.81 Investments at Fair Market Value Money Market Mutual Funds 472,231.49 Pooled Investments 47,066,487.32 Total Cash and Investments 47,548,802.62 Prepaids 3,273.50 Total Assets 47,552,076.12 Liabilities Expenses Due/Unpaid 4,935.00 Total Liabilities 4,935.00 Net Position Held in Trust for Pension Benefits 47,547,141.12 See Accountants' Compilation Report Page 11 of 57 2-1  Mundelein Police Pension Fund Statement of Changes in Net Position - Modified Cash Basis For the Six Months Ended October 31, 2024 Additions Contributions - Municipal $ 2,842,828.02 Contributions - Members 378,067.27 Total Contributions 3,220,895.29 Investment Income Interest and Dividends Earned 260,650.15 Net Change in Fair Value 2,884,566.75 Total Investment Income 3,145,216.90 Less Investment Expense (11,003.85) Net Investment Income 3,134,213.05 Total Additions 6,355,108.34 Deductions Administration 44,626.00 Pension Benefits and Refunds Pension Benefits 1,653,056.28 Refunds 59,864.94 Total Deductions 1,757,547.22 Change in Position 4,597,561.12 Net Position Held in Trust for Pension Benefits Beginning of Year 42,949,580.00 End of Period 47,547,141.12 See Accountants' Compilation Report Page 12 of 57 2-2 Page 13 of 57  Mundelein Police Pension Fund Pooled Investment NAV vs Accumulated Net Investments 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Pooled Investment NAV Accumulated Net Investments See Accountants' Compilation Report Page 14 of 57 3-1  Mundelein Police Pension Fund Cash Analysis Report For the Twelve Periods Ending October 31, 2024 11/30/23 12/31/23 01/31/24 02/29/24 03/31/24 04/30/24 05/31/24 06/30/24 07/31/24 08/31/24 09/30/24 10/31/24 Financial Institutions BMO Bank - CK $ 856,858 603,358 2,093,338 30,344 23,022 23,055 166,135 1,213,101 978,497 13,451 8,139 10,084 856,858 603,358 2,093,338 30,344 23,022 23,055 166,135 1,213,101 978,497 13,451 8,139 10,084 BMO Bank - MM - - - - - - - - - 3,796,097 4,961,249 472,231 MSSB - MM - Brokerage #2543 7,626,879 7,724,032 6,022,058 6,098,331 5,881,416 5,672,368 5,552,020 5,622,322 5,692,494 - - 1 MSSB - MM - TCW Investment #2547 160 161 - 1 1 - - - - - - - MSSB - MM - GW&K Investment #2548 74 84 - - - - - - - - - - 7,627,113 7,724,277 6,022,058 6,098,332 5,881,417 5,672,368 5,552,020 5,622,322 5,692,494 3,796,097 4,961,249 472,232 Total 8,483,971 8,327,635 8,115,396 6,128,676 5,904,439 5,695,423 5,718,155 6,835,423 6,670,991 3,809,548 4,969,388 482,316 Contributions Current Tax 152,245 17,110 2,162 - - 17 143,055 1,322,715 44,048 86,310 1,101,547 145,154 Contributions - Current Year 43,771 65,960 44,396 44,026 44,855 44,679 68,607 46,733 47,645 47,143 47,174 48,299 Contributions - Prior Year 174 260 174 174 174 174 30,329 174 174 174 174 174 Other Member Revenue - - - - - - 41,269 - - - - - 196,190 83,330 46,732 44,200 45,029 44,870 283,260 1,369,622 91,867 133,627 1,148,895 193,627 Expenses Pension Benefits 271,948 271,948 278,847 278,847 278,847 278,847 278,847 274,842 274,842 274,842 274,842 274,842 Refunds/Transfers of Service - - - 5,578 7,345 - - - - 59,865 - - Administration 4,608 2,356 14,476 1,485 8,570 964 7,225 2,846 5,941 22,431 7,241 9,945 276,556 274,304 293,323 285,910 294,762 279,811 286,072 277,688 280,783 357,138 282,083 284,787 Total Contributions less Expenses (80,366) (190,974) (246,591) (241,710) (249,733) (234,941) (2,812) 1,091,934 (188,916) (223,511) 866,812 (91,160) See Accountants' Compilation Report Page 15 of 57 4-1  Mundelein Police Pension Fund Cash Transfers to/from Consolidated Fund 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 - (1,000,000) Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Cash Transfers into Consolidated Fund Cash Transfers out of Consolidated Fund See Accountants' Compilation Report Page 16 of 57 5-1  Mundelein Police Pension Fund Revenue Report as of October 31, 2024 Received Received this Month this Year Contributions Contributions - Municipal 41-210-00 - Current Tax $ 145,153.94 1 2,842,828.02 145,153.94 2,842,828.02 Contributions - Members 41-410-00 - Contributions - Current Year 48,299.09 1 305,600.58 41-420-00 - Contributions - Prior Year 173.58 1 31,197.22 41-450-00 - Other Member Revenue 0.00 1 41,269.47 48,472.67 378,067.27 Total Contributions 193,626.61 1 3,220,895.29 0 Investment Income Interest and Dividends 43-102-09 - BMO Bank - Checking 0.00 1 2,918.12 43-105-03 - BMO Bank - MM 13,685.37 1 45,446.16 43-252-01 - MSSB - Fixed Income - Brokerage #2543 0.54 1 93,216.79 43-800-01 - IPOPIF Consolidated Pool Income 15,826.22 1 118,761.67 29,512.13 8 260,342.74 Gains and Losses 44-800-01 - IPOPIF Consolidated Pool - Unrealized (1,008,766.49) 1 2,291,209.10 44-800-02 - IPOPIF Consolidated Pool - Realized 55,107.95 1 593,357.65 (953,658.54) 4 2,884,566.75 Other Income 49-000-01 - Other Income 0.00 1 307.41 0.00 3 307.41 Total Investment Income (924,146.41) 2 3,145,216.90 7 Total Revenue (730,519.80) 6,366,112.19 See Accountants' Compilation Report Page 17 of 57 6-1  Mundelein Police Pension Fund Cash Analysis Summary 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 - Cash & Money Market Balances Total Contributions Benefit & Administrative Expenses See Accountants' Compilation Report Page 18 of 57 7-1  Mundelein Police Pension Fund Expense Report as of October 31, 2024 Expended Expended this Month this Year Pensions and Benefits 51-020-00 - Service Pensions $ 235,099.73 1,410,598.38 51-030-00 - Non-Duty Disability Pensions 15,866.49 95,198.94 51-040-00 - Duty Disability Pensions 13,249.22 79,495.32 51-060-00 - Surviving Spouse Pensions 10,626.39 67,763.64 51-100-00 - Refund of Contributions 0.00 21,671.58 51-110-00 - Transfers to Other Pensions 0.00 38,193.36 Total Pensions and Benefits 274,841.83 1,712,921.22 Administrative Insurance 52-150-01 - Fiduciary Insurance 0.00 11,038.00 52-150-03 - Fidelity Bonds 0.00 2,618.00 0.00 13,656.00 Professional Services 52-170-01 - Actuarial Services 6,160.00 6,160.00 52-170-03 - Accounting & Bookkeeping Services 1,435.00 11,220.00 52-170-05 - Legal Services 0.00 2,000.00 52-170-06 - PSA/Court Reporter 1,305.00 9,065.00 8,900.00 28,445.00 Investment 52-190-02 - Custodial Fees 0.00 793.36 52-190-04 - Bank Fees 43.54 43.54 52-195-02 - Administrative Expense (IPOPIF) 519.19 2,553.27 52-195-03 - Investment Expense (IPOPIF) 482.09 3,121.35 52-195-04 - Investment Manager Fees (IPOPIF) 0.00 4,492.33 1,044.82 11,003.85 Other Expense 52-290-25 - Conference/Seminar Fees 0.00 2,525.00 0.00 2,525.00 Total Administrative 9,944.82 55,629.85 Total Expenses 284,786.65 1,768,551.07 See Accountants' Compilation Report Page 19 of 57 8-1  Mundelein Police Pension Fund Pension Benefits and Expenses 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - Service Non-Duty Duty Disability Surviving Refund Transfers Administrative Disability Spouse Expenses 1,410,598 95,199 79,495 67,764 21,672 38,193 55,630 See Accountants' Compilation Report Page 20 of 57 9-1  Mundelein Police Pension Fund Member Contribution Report As of Month Ended October 31, 2024 Thru Current Prior Fiscal Fiscal Service Total Name Year Year Purchase Refunds Contributions Ahern, Peter W. $ 165,143.94 5,888.43 0.00 0.00 171,032.37 Anderson, Erik M. 18,413.01 4,642.79 0.00 0.00 23,055.80 Anderson, Jakob C. 151,501.78 7,237.65 0.00 0.00 158,739.43 Balogh, Stephen E. 64,789.29 5,766.89 0.00 0.00 70,556.18 Bond, Michael J. 92,891.35 5,836.23 0.00 0.00 98,727.58 Briceno Garcia, Isidro 18,652.93 4,551.83 0.00 0.00 23,204.76 Brigano, Christopher E. 134,174.81 6,710.42 0.00 0.00 140,885.23 Burnham, Jessica P. 21,469.57 4,722.88 0.00 0.00 26,192.45 Bush, Michael A. 151,528.78 6,674.17 0.00 0.00 158,202.95 Callaghan, Kevin P. 95,287.08 5,791.57 0.00 0.00 101,078.65 Callas, Chris A. 192,728.06 5,933.67 0.00 0.00 198,661.73 Chrabot, Eric T. 153,230.40 5,908.66 0.00 0.00 159,139.06 Crispe, Rachel R. 143,899.12 4,917.80 0.00 0.00 148,816.92 Cummings, James S. 0.00 463.67 0.00 0.00 463.67 Devore, James M. 170,812.20 5,865.81 0.00 0.00 176,678.01 Dunn, Roger D. 8,284.39 4,296.64 0.00 0.00 12,581.03 Freese, Kevin R. 40,757.79 5,320.59 0.00 0.00 46,078.38 Glogovsky, Tony A. 172,520.51 5,888.43 0.00 0.00 178,408.94 Guenther, William R. 171,489.07 6,907.74 0.00 0.00 178,396.81 Hall, Thomas B. 177,305.96 5,911.05 0.00 0.00 183,217.01 Hernandez, Israel Jr. 71,048.77 5,789.13 0.00 0.00 76,837.90 Hurley, Austin T. 61,170.37 5,817.16 0.00 0.00 66,987.53 Jarol, Steven M. 19,046.80 5,699.10 0.00 0.00 24,745.90 Jordan, Rhani D. 0.00 463.67 0.00 0.00 463.67 Kamischke, Amber S. 9,998.22 5,361.63 30,068.95 0.00 45,428.80 Kaplan, Seamus A. 181,660.33 6,267.53 0.00 0.00 187,927.86 Kisselburg, Brian J. 207,778.62 7,778.64 0.00 0.00 215,557.26 Kivley, Mark R. 2,228.26 4,589.73 0.00 0.00 6,817.99 Korinek, Antonio R. 1,946.36 4,008.76 0.00 0.00 5,955.12 Koumantos, Anastasios M. 153,044.28 5,841.10 0.00 0.00 158,885.38 Kroll, Steven G. 148,339.90 6,717.21 0.00 0.00 155,057.11 Logarta, Christian A. 102,521.62 5,858.56 0.00 0.00 108,380.18 Maldonado, Elizabeth 0.00 463.67 0.00 0.00 463.67 Mancilla, Stephanie 1,946.36 4,039.68 0.00 0.00 5,986.04 McCourt, Brian J. Jr. 74,781.66 5,766.89 0.00 0.00 80,548.55 Oakes, Jacob G. 38,743.74 5,143.16 0.00 0.00 43,886.90 Osoria, Jecoa D. 15,120.47 5,375.52 0.00 0.00 20,495.99 Perdue, Thomas M. 223,826.70 5,888.43 0.00 0.00 229,715.13 See Accountants' Compilation Report Page 21 of 57 10-1  Mundelein Police Pension Fund Member Contribution Report As of Month Ended October 31, 2024 Thru Current Prior Fiscal Fiscal Service Total Name Year Year Purchase Refunds Contributions Poynor, Thomas R. 152,702.38 8,131.96 0.00 0.00 160,834.34 Pyrek, Michael V. 97,346.36 5,813.90 0.00 0.00 103,160.26 Reyes, Michael A. 88,538.40 5,813.90 0.00 0.00 94,352.30 Rodriguez, Walter 77,511.78 5,630.28 0.00 0.00 83,142.06 Sanchez, Jonathan O. 18,428.77 4,625.11 0.00 0.00 23,053.88 Schuldt, James T. III 155,364.80 5,789.13 0.00 0.00 161,153.93 Seeley, Jason L. 216,026.54 9,130.86 0.00 0.00 225,157.40 Servin, Juan C. 14,667.93 4,554.22 0.00 0.00 19,222.15 Sexton, Jessica L. 49,561.16 5,320.59 0.00 0.00 54,881.75 Simonelli, Steven P. 86,787.79 5,791.57 0.00 0.00 92,579.36 Stadler, Kurt R. 58,765.50 5,811.37 0.00 0.00 64,576.87 Thurman, Eliyah N. 0.00 463.67 0.00 0.00 463.67 Torres, Noe 0.00 3,709.32 0.00 0.00 3,709.32 Valdes, Alexis M. 10,477.12 4,329.64 0.00 0.00 14,806.76 Valenziano, Christ A. 85,564.75 5,774.50 0.00 0.00 91,339.25 Viduya, Paul B. 14,630.64 4,494.97 0.00 0.00 19,125.61 Waites, James J. 202,568.23 6,576.12 1,128.27 0.00 210,272.62 Wilfenger, Richard R. 180,914.20 7,846.84 0.00 0.00 188,761.04 Witt, Richard H. IV 147,387.84 5,886.14 0.00 0.00 153,273.98 5,115,326.69 305,600.58 31,197.22 0.00 5,452,124.49 Inactive/Terminated Members Calero, Jonathan R. 1 21,671.58 0.00 0.00 (21,671.58) 0.00 Totals 5,136,998.27 305,600.58 31,197.22 (21,671.58) 5,452,124.49 See Accountants' Compilation Report Page 22 of 57 10-2  Mundelein Police Pension Fund Member Contribution Report As of Month Ended October 31, 2024 Thru Current Prior Fiscal Fiscal Service Total Name Year Year Purchase Refunds Contributions Service Purchases 41-420-00 41-440-00 41-450-00 Prior Year Interest from Other Member Name - Type of Purchase Contributions Members Revenue Total Kamischke, Amber S. - Portability - Prior Fund Employe 30,068.95 0.00 0.00 30,068.95 Kamischke, Amber S. - Portability - Prior Fund Employe 0.00 0.00 41,269.47 41,269.47 Waites, James J. - Military - Principal 1,128.27 0.00 0.00 1,128.27 Totals 31,197.22 0.00 41,269.47 72,466.69 1 - Portability Transfer to Naperville Police plus interest $8,260.89 and employer match of $29,932.47 See Accountants' Compilation Report Page 23 of 57 10-3 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance Duty Disability ***-**5098 105720 Roy, Susan $3,496.80 $4,053.19 $0.00 $56.39 $0.00 $0.00 $500.00 0 ***-**5098 Subtotal: $3,496.80 $4,053.19 $0.00 $56.39 $0.00 $0.00 $500.00 ***-**1402 111941 Sturlini, John P. $4,732.12 $4,732.12 $0.00 $0.00 $0.00 $0.00 $0.00 0 ***-**1402 Subtotal: $4,732.12 $4,732.12 $0.00 $0.00 $0.00 $0.00 $0.00 ***-**8305 105737 Villarreal Jr, Stanley D. $4,463.91 $4,463.91 $0.00 $0.00 $0.00 $0.00 $0.00 0 ***-**8305 Subtotal: $4,463.91 $4,463.91 $0.00 $0.00 $0.00 $0.00 $0.00 Duty Disability Subtotal: $12,692.83 $13,249.22 $0.00 $56.39 $0.00 $0.00 $500.00 Non-Duty Disability ***-**5032 105731 Jones, Stephanie L. $2,466.52 $3,256.32 $0.00 $0.00 $0.00 $0.00 $789.80 0 ***-**5032 Subtotal: $2,466.52 $3,256.32 $0.00 $0.00 $0.00 $0.00 $789.80 ***-**3892 105726 Maddock, Robert H. $1,922.29 $1,922.29 $0.00 $0.00 $0.00 $0.00 $0.00 0 See Accountants' Compilation Report 11-1 Page 24 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance ***-**3892 Subtotal: $1,922.29 $1,922.29 $0.00 $0.00 $0.00 $0.00 $0.00 ***-**3242 105718 Ostdick, Jeffrey A. $3,188.49 $3,874.04 $0.00 $0.00 $0.00 $0.00 $685.55 0 ***-**3242 Subtotal: $3,188.49 $3,874.04 $0.00 $0.00 $0.00 $0.00 $685.55 ***-**0497 105710 Pierce-Demski, Kerry A. $2,040.15 $2,705.47 $0.00 $0.00 $0.00 $0.00 $665.32 0 ***-**0497 Subtotal: $2,040.15 $2,705.47 $0.00 $0.00 $0.00 $0.00 $665.32 ***-**9300 116686 Waters, Tyler E. $3,694.70 $4,108.37 $0.00 $0.00 $0.00 $0.00 $413.67 0 ***-**9300 Subtotal: $3,694.70 $4,108.37 $0.00 $0.00 $0.00 $0.00 $413.67 Non-Duty Disability Subtotal: $13,312.15 $15,866.49 $0.00 $0.00 $0.00 $0.00 $2,554.34 QILDRO ***-**5771 Q105738 Kipp, Kathryn A. $3,036.31 $3,496.56 $0.00 $0.00 $0.00 $0.00 $460.25 0 ***-**5771 Subtotal: $3,036.31 $3,496.56 $0.00 $0.00 $0.00 $0.00 $460.25 QILDRO Subtotal: $3,036.31 $3,496.56 $0.00 $0.00 $0.00 $0.00 $460.25 See Accountants' Compilation Report 11-2 Page 25 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance Service ***-**2701 105734 Beese, Richard M. $6,002.60 $8,335.83 $0.00 $0.00 $0.00 $0.00 $2,333.23 0 ***-**2701 Subtotal: $6,002.60 $8,335.83 $0.00 $0.00 $0.00 $0.00 $2,333.23 ***-**9823 105736 Bronge, Joseph M. $5,344.63 $6,022.69 $0.00 $0.00 $0.00 $0.00 $678.06 0 ***-**9823 Subtotal: $5,344.63 $6,022.69 $0.00 $0.00 $0.00 $0.00 $678.06 ***-**1725 105709 Butt, Eric A. $3,572.32 $4,760.12 $853.24 $8.01 $0.00 $0.00 $326.55 0 ***-**1725 Subtotal: $3,572.32 $4,760.12 $853.24 $8.01 $0.00 $0.00 $326.55 ***-**2726 122795 Clark, Scott D. $4,152.88 $4,546.83 $0.00 $0.00 $0.00 $0.00 $393.95 0 ***-**2726 Subtotal: $4,152.88 $4,546.83 $0.00 $0.00 $0.00 $0.00 $393.95 ***-**1888 121020 Dempsey, Paul W. $5,835.87 $6,402.50 $0.00 $0.00 $0.00 $0.00 $566.63 0 ***-**1888 Subtotal: $5,835.87 $6,402.50 $0.00 $0.00 $0.00 $0.00 $566.63 See Accountants' Compilation Report 11-3 Page 26 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance ***-**2286 120014 DuHamel, Gary W. $6,483.92 $7,479.83 $0.00 $0.00 $0.00 $0.00 $995.91 0 ***-**2286 Subtotal: $6,483.92 $7,479.83 $0.00 $0.00 $0.00 $0.00 $995.91 ***-**1734 109417 Eugenis, Cameron P. $7,204.87 $7,909.32 $0.00 $0.00 $0.00 $0.00 $704.45 0 ***-**1734 Subtotal: $7,204.87 $7,909.32 $0.00 $0.00 $0.00 $0.00 $704.45 ***-**1149 105728 Fox, Gregory S. $5,564.01 $6,093.57 $0.00 $0.00 $0.00 $0.00 $529.56 0 ***-**1149 Subtotal: $5,564.01 $6,093.57 $0.00 $0.00 $0.00 $0.00 $529.56 ***-**3148 105721 Frasier Jr, Wallace E. $7,140.95 $8,730.56 $0.00 $0.00 $0.00 $0.00 $1,589.61 0 ***-**3148 Subtotal: $7,140.95 $8,730.56 $0.00 $0.00 $0.00 $0.00 $1,589.61 ***-**2286 105722 Fuller, Kenneth L. $3,583.96 $3,843.51 $0.00 $0.00 $0.00 $0.00 $259.55 0 ***-**2286 Subtotal: $3,583.96 $3,843.51 $0.00 $0.00 $0.00 $0.00 $259.55 ***-**5939 120514 Gara, Patrick J. $6,180.43 $7,254.08 $0.00 $0.00 $0.00 $0.00 $1,073.65 0 See Accountants' Compilation Report 11-4 Page 27 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance 0 ***-**5939 Subtotal: $6,180.43 $7,254.08 $0.00 $0.00 $0.00 $0.00 $1,073.65 ***-**1908 115800 Gorski, Daniel R. $4,900.70 $5,972.76 $0.00 $0.00 $0.00 $0.00 $472.06 0 115800 Payment to Synchrony Bank, $600.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Gorski - 0 ***-**1908 Subtotal: $5,500.70 $5,972.76 $0.00 $0.00 $0.00 $0.00 $472.06 ***-**0306 118362 Guenther, Eric J. $7,436.99 $8,865.05 $0.00 $0.00 $0.00 $0.00 $1,428.06 0 ***-**0306 Subtotal: $7,436.99 $8,865.05 $0.00 $0.00 $0.00 $0.00 $1,428.06 ***-**0954 114213 Hansen, Donovan C. $7,905.44 $10,270.59 $0.00 $0.00 $0.00 $0.00 $2,365.15 0 ***-**0954 Subtotal: $7,905.44 $10,270.59 $0.00 $0.00 $0.00 $0.00 $2,365.15 ***-**2654 118063 Hergott, Marc S. $5,583.10 $7,251.63 $0.00 $0.00 $0.00 $0.00 $668.53 0 118063 Payment to First Midwest $1,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Bank, Hergott - 0 ***-**2654 Subtotal: $6,583.10 $7,251.63 $0.00 $0.00 $0.00 $0.00 $668.53 See Accountants' Compilation Report 11-5 Page 28 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance ***-**6705 105729 Jagielnik, William J. $1,677.09 $1,977.09 $0.00 $0.00 $0.00 $0.00 $300.00 0 ***-**6705 Subtotal: $1,677.09 $1,977.09 $0.00 $0.00 $0.00 $0.00 $300.00 ***-**5524 105727 Kalodimos, Keith A. $6,935.96 $8,103.39 $0.00 $0.00 $0.00 $0.00 $1,167.43 0 ***-**5524 Subtotal: $6,935.96 $8,103.39 $0.00 $0.00 $0.00 $0.00 $1,167.43 ***-**3508 105719 Kipp Jr, Edward D. $2,861.19 $6,993.14 $0.00 $0.00 $0.00 $3,496.56 $635.39 0 ***-**3508 Subtotal: $2,861.19 $6,993.14 $0.00 $0.00 $0.00 $3,496.56 $635.39 ***-**4854 112170 Kliora, Federico J. $5,201.95 $9,091.23 $0.00 $0.00 $0.00 $0.00 $3,889.28 0 ***-**4854 Subtotal: $5,201.95 $9,091.23 $0.00 $0.00 $0.00 $0.00 $3,889.28 ***-**9899 105724 Martinek, Philip P. $5,339.36 $6,531.23 $0.00 $0.00 $0.00 $0.00 $491.87 0 105724 Payment to Associated Bank, $700.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Martinek - 0 ***-**9899 Subtotal: $6,039.36 $6,531.23 $0.00 $0.00 $0.00 $0.00 $491.87 See Accountants' Compilation Report 11-6 Page 29 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance ***-**1062 105735 McCommons, Roy J. $5,620.96 $6,994.41 $0.00 $0.00 $0.00 $0.00 $1,373.45 0 ***-**1062 Subtotal: $5,620.96 $6,994.41 $0.00 $0.00 $0.00 $0.00 $1,373.45 ***-**0878 125090 Monahan, John M. $8,794.46 $11,619.82 $0.00 $0.00 $0.00 $0.00 $2,825.36 0 ***-**0878 Subtotal: $8,794.46 $11,619.82 $0.00 $0.00 $0.00 $0.00 $2,825.36 ***-**3794 105713 O'Brien, Michael S. $7,766.27 $9,692.17 $0.00 $0.00 $0.00 $0.00 $1,925.90 0 ***-**3794 Subtotal: $7,766.27 $9,692.17 $0.00 $0.00 $0.00 $0.00 $1,925.90 ***-**4246 105725 Parrish, Mark L. $6,309.25 $7,547.44 $0.00 $0.00 $0.00 $0.00 $1,238.19 0 ***-**4246 Subtotal: $6,309.25 $7,547.44 $0.00 $0.00 $0.00 $0.00 $1,238.19 ***-**3213 105711 Pender, Patrick T. $7,731.60 $8,552.63 $0.00 $0.00 $0.00 $0.00 $821.03 0 ***-**3213 Subtotal: $7,731.60 $8,552.63 $0.00 $0.00 $0.00 $0.00 $821.03 ***-**1508 124241 Rathke, Phillip E. $4,331.87 $4,546.82 $0.00 $0.00 $0.00 $0.00 $214.95 0 See Accountants' Compilation Report 11-7 Page 30 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance 0 ***-**1508 Subtotal: $4,331.87 $4,546.82 $0.00 $0.00 $0.00 $0.00 $214.95 ***-**4568 122797 Richards, Michael E. $6,744.35 $8,105.26 $0.00 $0.00 $0.00 $0.00 $1,360.91 0 ***-**4568 Subtotal: $6,744.35 $8,105.26 $0.00 $0.00 $0.00 $0.00 $1,360.91 ***-**6428 105715 Robertson, David M. $4,296.92 $4,296.92 $0.00 $0.00 $0.00 $0.00 $0.00 0 ***-**6428 Subtotal: $4,296.92 $4,296.92 $0.00 $0.00 $0.00 $0.00 $0.00 ***-**0983 105714 Roy, Steven E. $2,525.84 $2,838.42 $0.00 $0.00 $0.00 $0.00 $312.58 0 ***-**0983 Subtotal: $2,525.84 $2,838.42 $0.00 $0.00 $0.00 $0.00 $312.58 ***-**6805 105717 Schaefer, Steven R. $3,406.23 $4,154.05 $0.00 $0.00 $0.00 $0.00 $747.82 0 ***-**6805 Subtotal: $3,406.23 $4,154.05 $0.00 $0.00 $0.00 $0.00 $747.82 ***-**4516 123732 Schmidt, Daniel J. $5,403.24 $5,910.88 $0.00 $0.00 $0.00 $0.00 $507.64 0 ***-**4516 Subtotal: $5,403.24 $5,910.88 $0.00 $0.00 $0.00 $0.00 $507.64 See Accountants' Compilation Report 11-8 Page 31 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance ***-**1595 122567 Smith, Kathleen L. $3,678.84 $5,456.20 $0.00 $0.00 $0.00 $0.00 $1,777.36 0 ***-**1595 Subtotal: $3,678.84 $5,456.20 $0.00 $0.00 $0.00 $0.00 $1,777.36 ***-**0667 105716 Torbeck, Dennis C. $5,711.82 $6,546.30 $0.00 $0.00 $0.00 $0.00 $834.48 0 ***-**0667 Subtotal: $5,711.82 $6,546.30 $0.00 $0.00 $0.00 $0.00 $834.48 ***-**2682 105730 Werfelmann, Paul W. $6,168.20 $7,490.47 $0.00 $0.00 $0.00 $0.00 $1,322.27 0 ***-**2682 Subtotal: $6,168.20 $7,490.47 $0.00 $0.00 $0.00 $0.00 $1,322.27 ***-**1019 113685 Yarc, Brian M. $4,433.22 $4,912.99 $0.00 $0.00 $0.00 $0.00 $479.77 0 ***-**1019 Subtotal: $4,433.22 $4,912.99 $0.00 $0.00 $0.00 $0.00 $479.77 Service Subtotal: $194,131.29 $235,099.73 $853.24 $8.01 $0.00 $3,496.56 $36,610.63 Surviving Spouse ***-**3336 108021 Awe, Judy E. $4,657.62 $5,301.76 $0.00 $0.00 $0.00 $0.00 $644.14 0 ***-**3336 Subtotal: $4,657.62 $5,301.76 $0.00 $0.00 $0.00 $0.00 $644.14 See Accountants' Compilation Report 11-9 Page 32 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance ***-**9865 108019 Kloss, Deborah E. $865.27 $1,025.27 $0.00 $0.00 $0.00 $0.00 $160.00 0 ***-**9865 Subtotal: $865.27 $1,025.27 $0.00 $0.00 $0.00 $0.00 $160.00 ***-**7032 108018 Kobeck, Karen M. $3,689.89 $4,299.36 $0.00 $0.00 $0.00 $0.00 $609.47 0 ***-**7032 Subtotal: $3,689.89 $4,299.36 $0.00 $0.00 $0.00 $0.00 $609.47 Surviving Spouse Subtotal: $9,212.78 $10,626.39 $0.00 $0.00 $0.00 $0.00 $1,413.61 See Accountants' Compilation Report 11-10 Page 33 of 57 Batches 72257 Mundelein Police Pension Fund Multiple Batch Report Check Date 10/31/2024 12:00:00 AM SSN Family ID Employee Name ACH Retro Net Amount Member Health Dental Benistar QILDRO Federal Tax Gross Insurance -Vision Insurance Deduct Alt Payee Name Check # Insurance Totals ACH Flag Payments Net Payment Total Gross Health Dental -Vision Benistar QILDRO Deduct Federal Tax Insurance Insurance Insurance Yes 50 $232,385.36 $278,338.39 $853.24 $64.40 $0.00 $3,496.56 $41,538.83 No 0 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Grand Total 50 $232,385.36 $278,338.39 $853.24 $64.40 $0.00 $3,496.56 $41,538.83 See Accountants' Compilation Report 11-11 Page 34 of 57  Mundelein Police Pension Fund Quarterly Deduction Report All Bank Accounts August 1, 2024 - October 31, 2024 Check Invoice Check Date Number Vendor Name Amount Amount 08/30/24 20736 Village of Mundelein 20-220-00 Medical Insurance 08/24 853.24 20-220-00 Dental Insurance 64.40 ACH Amount (Direct Deposit) 917.64 08/30/24 20737 Internal Revenue Service 20-230-00 Internal Revenue Service 41,538.83 ACH Amount (Direct Deposit) 41,538.83 09/30/24 20740 Village of Mundelein 20-220-00 Medical Insurance 09/24 853.24 20-220-00 Dental Insurance 64.40 ACH Amount (Direct Deposit) 917.64 09/30/24 20741 Internal Revenue Service 20-230-00 Internal Revenue Service 41,538.83 ACH Amount (Direct Deposit) 41,538.83 10/31/24 20744 Village of Mundelein 20-220-00 Medical Insurance 10/24 853.24 20-220-00 Dental Insurance 64.40 ACH Amount (Direct Deposit) 917.64 10/31/24 20745 Internal Revenue Service 20-230-00 Internal Revenue Service 41,538.83 ACH Amount (Direct Deposit) 41,538.83 Total Payments 127,369.41 See Accountants' Compilation Report Page 35 of 57 12-1  Mundelein Police Pension Fund Quarterly Transfer Report All Bank Accounts August 1, 2024 - October 31, 2024 Check Invoice Check Date Number Vendor Name Amount Amount 08/09/24 20732 State Street Bank and Trust Company 13-800-01 Mundelein Police Pension Fund 2,982,300.00 ACH Amount (Direct Deposit) 2,982,300.00 09/27/24 20742 State Street Bank and Trust Company 13-800-01 Mundelein Police Pension Fund 25,400.00 ACH Amount (Direct Deposit) 25,400.00 10/28/24 20747 State Street Bank and Trust Company 13-800-01 Mundelein Police Pension Fund 4,710,600.00 ACH Amount (Direct Deposit) 4,710,600.00 Total Payments 7,718,300.00 See Accountants' Compilation Report Page 36 of 57 13-1  Mundelein Police Pension Fund Quarterly Disbursement Report All Bank Accounts August 1, 2024 - October 31, 2024 Check Invoice Check Date Number Vendor Name Amount Amount 08/06/24 20731 Naperville Police Pension Fund 51-100-00 Jonathan Calero- Employee Contributions 21,671.58 51-110-00 Jonathan Calero- Contribution Interest Earned 8,260.89 51-110-00 Jonathan Calero- Pension Match 29,932.47 Check Amount 59,864.94 08/29/24 20733 Cook Castle Associates LLC 52-150-01 #3210 Fiduciary Liability (2024/25) 11,038.00 52-150-03 #3210 Fidelity Bond/Crime (2024/27) 2,618.00 Check Amount 13,656.00 08/29/24 20734 IPPFA 52-290-25 2024 MidAmerican Pension Conference Registration 0.00 52-290-25 Ahern,P #VVNBX6KQN37 545.00 Check Amount 545.00 08/29/24 20735 Lauterbach & Amen, LLP 52-170-03 #93877 07/24 Accounting & Benefits 1,435.00 52-170-06 #93877 07/24 PSA 1,305.00 52-170-03 #93543 FYE24 Workpapers 1,255.00 Check Amount 3,995.00 08/31/24 50720 IPOPIF 52-195-02 Administrative Expense 670.57 52-195-03 Investment Expense 981.98 52-195-04 Investment Manager Fees 2,582.91 Check Amount 4,235.46 09/19/24 20738 Ottosen DiNolfo, LTD 52-170-05 #8481 Retainer 1,000.00 ACH Amount (Direct Deposit) 1,000.00 09/23/24 20739 Lauterbach & Amen, LLP 52-170-03 #94877 08/24 Accounting & Benefits 1,435.00 52-170-06 #94877 08/24 PSA 1,305.00 52-170-03 #91585 05/24 Accounting & Benefits 1,435.00 52-170-06 #91585 05/24 PSA 1,305.00 ACH Amount (Direct Deposit) 5,480.00 09/30/24 50721 IPOPIF 52-195-02 Administrative Expense 409.95 52-195-03 Investment Expense 351.04 Check Amount 760.99 See Accountants' Compilation Report Page 37 of 57 14-1  Mundelein Police Pension Fund Quarterly Disbursement Report All Bank Accounts August 1, 2024 - October 31, 2024 Check Invoice Check Date Number Vendor Name Amount Amount 10/15/24 20743 Lauterbach & Amen, LLP 52-170-03 #95957 09/24 Accounting & Benefits 1,435.00 52-170-06 #95957 09/24 PSA 1,305.00 ACH Amount (Direct Deposit) 2,740.00 10/22/24 50722 BMO Bank 52-190-04 Bank Fee 13.56 Check Amount 13.56 10/22/24 50723 BMO Bank 52-190-04 Bank Fee 29.98 Check Amount 29.98 10/28/24 20746 Lauterbach & Amen, LLP 52-170-01 #93652 FYE24 Actuarial 3,370.00 52-170-01 #93652 FYE24 GASB 67/68 2,790.00 ACH Amount (Direct Deposit) 6,160.00 10/31/24 50724 IPOPIF 52-195-02 Administrative Expense 519.19 52-195-03 Investment Expense 482.09 Check Amount 1,001.28 Total Payments 99,482.21 See Accountants' Compilation Report Page 38 of 57 14-2 Page 39 of 57 Total Fund Illinois Police Officers' Pension Investment Fund Asset Allocation & Performance (Net of Fees) - Preliminary Period Ending: November 30, 2024 Market % of Target Since Inception 1 Mo Fiscal YTD YTD 1 Yr 2023 Value Portfolio (%) Inception Date Total Fund with Member and Transition Accounts 12,926,086,474 100.0 100.0 2.4 6.4 12.1 17.3 13.7 5.8 03/01/22 Policy Index 2.4 6.4 12.1 17.3 14.2 5.8 Policy Index- Broad Based 2.8 7.1 13.7 19.3 16.8 5.8 IPOPIF Investment Portfolio 12,926,086,474 100.0 100.0 2.4 6.4 12.1 17.3 13.7 5.7 04/01/22 Policy Index 2.4 6.4 12.1 17.3 14.2 5.8 Policy Index- Broad Based 2.8 7.1 13.7 19.3 16.8 5.7 Growth 7,588,551,057 58.7 58.0 3.3 7.3 16.3 23.0 19.4 7.4 04/01/22 Growth Benchmark 3.3 7.4 16.3 23.0 19.5 7.3 RhumbLine Russell 1000 Index 3,087,098,283 23.9 23.0 6.4 12.1 28.0 34.3 26.5 16.1 03/15/22 Russell 1000 Index 6.4 12.1 28.1 34.4 26.5 16.2 RhumbLine Russell 2000 Index 679,709,411 5.3 5.0 11.0 19.4 21.6 36.4 16.8 10.0 03/15/22 Russell 2000 Index 11.0 19.5 21.6 36.4 16.9 10.3 SSgA Non-US Developed Index 2,364,468,085 18.3 19.0 0.3 2.6 7.9 13.9 18.3 7.8 03/10/22 MSCI World ex U.S. (Net) 0.2 2.5 7.6 13.5 17.9 7.4 International Developed Small Cap Equity 638,712,319 4.9 5.0 0.9 4.1 7.3 14.9 12.9 1.5 04/01/22 MSCI World ex U.S. Small Cap Index (Net) 0.4 4.5 5.5 13.1 12.6 0.6 Acadian ACWI ex US Small-Cap Fund 318,883,495 2.5 2.5 0.5 4.2 - - - 12.7 01/30/24 MSCI AC World ex USA Small Cap (Net) -0.4 2.8 - - - 8.2 WCM International Small Cap Growth Fund 162,407,459 1.3 1.3 2.7 5.6 - - - 4.3 03/01/24 MSCI AC World ex USA Small Cap (Net) -0.4 2.8 - - - 6.4 LSV International Small Cap Value Equity Fund 157,421,365 1.2 1.3 -0.1 2.4 - - - 5.7 03/01/24 S&P Developed Ex-U.S. SmallCap (Net) -0.6 1.6 - - - 4.8 Emerging Market Equities 818,562,959 6.3 6.0 -3.2 -2.9 4.6 8.6 9.7 -0.2 04/01/22 Emerging Markets Equity Benchmark -3.3 -2.5 5.4 9.5 9.8 -0.2 SSgA Emerging Markets Equity Index 81,995,279 0.6 0.6 -3.1 -0.1 7.0 11.1 9.6 1.5 03/10/22 MSCI Emerging Markets (Net) -3.6 0.2 7.7 11.9 9.8 2.3 SSgA Emerging Markets ex China Equity 641,567,680 5.0 4.7 -3.2 -3.7 - - - 1.6 05/01/24 MSCI Emerging Markets ex China (Net) -3.3 -3.3 - - - 2.4 ARGA Emerging Markets Ex China Equity 95,000,000 0.7 0.7 - - - - - - 11/30/24 MSCI Emerging Markets ex China (Net) - - - - - - The Principal USPA Real Estate Fund is benchmarked against the NCREIF ODCE index on a quarterly basis and against itself for the purpose of monthly flash reports due to quarterly index data availability. Page 40 of 57 1 Total Fund Illinois Police Officers' Pension Investment Fund Asset Allocation & Performance (Net of Fees) - Preliminary Period Ending: November 30, 2024 Market % of Target Since Inception 1 Mo Fiscal YTD YTD 1 Yr 2023 Value Portfolio (%) Inception Date Income 2,088,014,319 16.2 16.0 1.1 5.4 8.2 12.7 12.8 4.0 04/01/22 Income Benchmark 1.1 5.4 8.2 12.6 12.6 4.9 SSgA High Yield Corporate Credit 920,187,855 7.1 7.0 1.2 6.0 8.9 13.0 13.8 5.3 03/18/22 Spliced SSgA U.S. High Yield Index 1.1 5.9 8.7 12.7 13.5 5.2 Emerging Market Debt 774,427,440 6.0 6.0 0.9 5.6 8.1 13.3 11.2 2.7 04/01/22 Emerging Markets Debt Benchmark 1.2 5.6 8.0 13.2 11.1 4.2 SSgA EMD Hard Index Fund 580,649,872 4.5 4.5 1.2 5.8 8.3 13.5 11.2 3.9 03/14/22 Spliced SSgA EMD Hard Index 1.2 5.6 8.0 13.2 11.1 3.9 Capital Group Emerging Markets Debt 193,777,568 1.5 1.5 0.2 - - - - -1.0 10/21/24 50 JPM EMBI Global Div / 50 JPM GBI EM Global Div 0.3 - - - - 0.2 Bank Loans 393,399,025 3.0 3.0 1.0 3.8 - - - 6.7 03/01/24 Credit Suisse Leveraged Loan Index 0.8 3.8 - - - 6.6 Ares Institutional Loan Fund 131,073,630 1.0 1.0 1.0 4.1 - - - 7.2 03/01/24 Credit Suisse Leveraged Loan Index 0.8 3.8 - - - 6.6 Aristotle Institutional Loan Fund 262,325,395 2.0 2.0 0.9 3.6 - - - 6.4 03/01/24 Credit Suisse Leveraged Loan Index 0.8 3.8 - - - 6.6 Real Assets 748,180,472 5.8 6.0 3.2 12.5 11.1 18.3 5.6 1.9 04/01/22 Real Assets Benchmark 3.0 11.3 9.9 15.2 4.7 -1.3 SSgA REITs Index 535,931,234 4.1 4.0 4.6 17.0 16.4 28.0 13.9 2.6 03/16/22 Dow Jones U.S. Select REIT Total Return Index 4.6 17.1 16.4 28.1 14.0 2.6 Principal USPA 212,249,238 1.6 2.0 0.0 0.2 -2.6 -4.5 -10.7 -6.2 04/06/22 Risk Mitigation 2,500,966,346 19.3 20.0 0.6 2.9 4.3 5.9 5.0 2.4 04/01/22 Risk Mitigation Benchmark 0.5 2.8 4.2 5.8 4.9 2.4 SSgA US Treasury Index 384,880,513 3.0 3.0 0.9 3.1 - - - 5.7 05/01/24 Blmbg. U.S. Treasury Index 0.8 3.0 - - - 5.6 SSgA Core Fixed Income Index 386,421,535 3.0 3.0 1.1 3.8 3.2 7.0 5.6 0.0 03/17/22 Blmbg. U.S. Aggregate Index 1.1 3.7 2.9 6.9 5.5 0.0 SSgA Short-Term Gov't/Credit Index 1,288,920,447 10.0 10.0 0.4 2.8 4.2 5.5 4.6 2.6 03/17/22 Bloomberg U.S. Gov/Credit 1-3 Year Index 0.3 2.7 4.1 5.4 4.6 2.5 SSgA US TIPS Index 388,375,945 3.0 3.0 0.5 2.5 4.9 6.1 4.6 1.9 03/17/22 Blmbg. U.S. TIPS 0-5 Year 0.4 2.5 4.8 6.0 4.6 2.0 Cash 52,367,906 0.4 1.0 0.4 2.1 4.7 5.1 5.0 3.9 03/22/22 90 Day U.S. Treasury Bill 0.4 2.1 4.8 5.3 5.0 4.2 IPOPIF Pool Fixed Income Transition 374,281 0.0 - Member Accounts - 0.0 - The Principal USPA Real Estate Fund is benchmarked against the NCREIF ODCE index on a quarterly basis and against itself for the purpose of monthly flash reports due to quarterly index data availability. Page 41 of 57 2 Total Fund Illinois Police Officers' Pension Investment Fund Data Sources and Methodology Page Period Ending: November 30, 2024 Performance Return Calculations Performance is calculated using Time Weighted Rates of Return (TWRR) methodologies. Monthly returns are geometrically linked and annualized for periods longer than one year. Data Source Verus is an independent third party consulting firm and calculates returns from best source book of record data. Returns calculated by Verus may deviate from those shown by the manager in part, but not limited to, differences in prices and market values reported by the custodian and manager, as well as significant cash flows into or out of an account. It is the responsibility of the manager and custodian to provide insight into the pricing methodologies and any difference in valuation. Manager Line Up Manager Inception Date Data Source Manager Inception Date Data Source RhumbLine Russell 1000 Index Fund 3/15/2022 State Street SSgA EMD Hard Index Fund 3/14/2022 State Street RhumbLine Russell 2000 Index Fund 3/15/2022 State Street Capital Group Emerging Markets Debt Fund 10/21/2024 State Street SSgA Non-US Developed Index Fund 3/10/2022 State Street Ares Institutional Loan Fund 3/1/2024 Ares SSgA Non-US Developed SC Index Fund 3/10/2022 State Street Aristotle Institutional Loan Fund 3/1/2024 Aristotle Acadian ACWI ex US Small-Cap Fund 1/30/2024 State Street Principal USPA 4/6/2022 State Street WCM International Small Cap Growth Fund 3/1/2024 WCM SSgA REITs Index Fund 3/10/2022 State Street LSV International Small Cap Value Equity Fund 3/1/2024 LSV SSgA US Treasury Index Fund 5/1/2024 State Street SSgA Emerging Markets Equity Index Fund 3/1/2022 State Street SSgA Core Fixed Income Index Fund 3/17/2022 State Street SSgA Emerging Markets ex China Equity Index Fun 5/1/2024 State Street SSgA Short-Term Gov't/Credit Index Fund 3/17/2022 State Street ARGA Emerging Markets Ex China Equity 12/1/2024 SSgA US TIPS Index Fund 3/17/2022 State Street SSgA High Yield Corporate Credit 3/18/2022 State Street Cash 3/22/2022 State Street Custom Benchmark Composition Benchmark Time period Composition Policy Index -Broad Benchmark 4/1/2022 - Present 70% MSCI ACWI IMI (Net) and 30% Bloomberg Global Multiverse. Spliced SSgA EMD Hard Benchmark 7/1/2023 - Present 100% JPM EMBI Global Diversified Index Spliced SSgA EMD Hard Benchmark 3/14/2022 - 6/30/2022 100% JPM EMBI Global Core Index Spliced SSgA U.S. High Yield Index 12/1/2022 - Present 100% ICE BofA US High yield Master II Constrained Spliced SSgA U.S. High Yield Index 4/1/2022 - 11/30/2022 100% Bloomberg U.S. High Yield Very Liquid Index Page 42 of 57 3 Total Fund Illinois Police Officers' Pension Investment Fund Data Sources and Methodology Page Period Ending: November 30, 2024 Policy Index Composition Policy Risk As of 11/1/2024 Policy Index Growth Income Real Assets Risk Mitigation As of 10/1/2024 Index Growth Income Real Assets Mitigation Russell 1000 23.0% 39.7% Russell 1000 23% 39.7% Russell 2000 5.0% 8.6% Russell 2000 5% 8.6% MSCI World ex U.S. 19.0% 32.8% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. Small Cap 5.0% 8.6% MSCI World ex U.S. Small Cap 5% 8.6% MSCI Emerging Markets 0.7% 1.2% MSCI Emerging Markets 0.8% 1.4% MSCI Emerging Markets ex China 5.3% 9.2% MSCI Emerging Markets ex China 5.2% 9.0% Bloomberg US Corporate High Yield Index 7.0% 43.8% Bloomberg US Corporate High Yield Index 7% 43.8% JPM EMBI Global Diversified Index 6.0% 37.5% JPM EMBI Global Diversified Index 6% 37.5% Credit Suisse Leveraged Loan Index 3.0% 18.8% Credit Suisse Leveraged Loan Index 3% 18.8% NFI-ODCE Equal-Weighted Index 2.0% 33.3% NFI-ODCE Equal-Weighted Index 2% 33.3% Dow Jones US Select REIT Index 4.0% 66.7% Dow Jones US Select REIT Index 4% 66.7% Bloomberg US Aggregate Index 3.0% 15.0% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Treasury Index 2.0% 10.0% Bloomberg US Treasury Index 2% 10.0% Bloomberg 1-3 Year Gov/Credit Index 11.0% 55.0% Bloomberg 1-3 Year Gov/Credit Index 11% 55.0% Bloomberg US TIPS 0-5 Year 3.0% 15.0% Bloomberg US TIPS 0-5 Year 3% 15.0% 90 Day US Treasury Bill Index 1.0% 5.0% 90 Day US Treasury Bill Index 1% 5.0% Policy Risk As of 9/1/2024 Policy Index Growth Income Real Assets Risk Mitigation As of 8/1/2024 Index Growth Income Real Assets Mitigation Russell 1000 23% 39.7% Russell 1000 23% 39.7% Russell 2000 5% 8.6% Russell 2000 5% 8.6% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. Small Cap 5% 8.6% MSCI World ex U.S. Small Cap 5% 8.6% MSCI Emerging Markets 1.5% 2.6% MSCI Emerging Markets 2% 3.4% MSCI Emerging Markets ex China 4.5% 7.8% MSCI Emerging Markets ex China 4% 6.9% Bloomberg US Corporate High Yield Index 7% 43.8% Bloomberg US Corporate High Yield Index 7% 43.8% JPM EMBI Global Diversified Index 6% 37.5% JPM EMBI Global Diversified Index 6% 37.5% Credit Suisse Leveraged Loan Index 3% 18.8% Credit Suisse Leveraged Loan Index 3% 18.8% NFI-ODCE Equal-Weighted Index 2% 33.3% NFI-ODCE Equal-Weighted Index 2% 33.3% Dow Jones US Select REIT Index 4% 66.7% Dow Jones US Select REIT Index 4% 66.7% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Treasury Index 2% 10.0% Bloomberg US Treasury Index 2% 10.0% Bloomberg 1-3 Year Gov/Credit Index 11% 55.0% Bloomberg 1-3 Year Gov/Credit Index 11% 55.0% Bloomberg US TIPS 0-5 Year 3% 15.0% Bloomberg US TIPS 0-5 Year 3% 15.0% 90 Day US Treasury Bill Index 1% 5.0% 90 Day US Treasury Bill Index 1% 5.0% Policy Risk As of 7/1/2024 Policy Index Growth Income Real Assets Risk Mitigation As of 6/1/2024 Index Growth Income Real Assets Mitigation Russell 1000 23% 39.7% Russell 1000 23% 39.7% Russell 2000 5% 8.6% Russell 2000 5% 8.6% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. Small Cap 5% 8.6% MSCI World ex U.S. Small Cap 5% 8.6% MSCI Emerging Markets 3% 5.2% MSCI Emerging Markets 4% 6.9% MSCI Emerging Markets ex China 3% 5.2% MSCI Emerging Markets ex China 2% 3.4% Bloomberg US Corporate High Yield Index 7% 43.8% Bloomberg US Corporate High Yield Index 7% 43.8% JPM EMBI Global Diversified Index 6% 37.5% JPM EMBI Global Diversified Index 6% 37.5% Credit Suisse Leveraged Loan Index 3% 18.8% Credit Suisse Leveraged Loan Index 3% 18.8% NFI-ODCE Equal-Weighted Index 2% 33.3% NFI-ODCE Equal-Weighted Index 2% 33.3% Dow Jones US Select REIT Index 4% 66.7% Dow Jones US Select REIT Index 4% 66.7% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Treasury Index 1% 5.0% Bloomberg US Treasury Index 2% 10.0% Bloomberg 1-3 Year Gov/Credit Index 12% 60.0% Bloomberg 1-3 Year Gov/Credit Index 11% 55.0% Bloomberg US TIPS 0-5 Year 3% 15.0% Bloomberg US TIPS 0-5 Year 3% 15.0% 90 Day US Treasury Bill Index 1% 5.0% 90 Day US Treasury Bill Index 1% 5.0% Page 43 of 57 3 Total Fund Illinois Police Officers' Pension Investment Data Sources and Methodology Page Fund Period Ending: November 30, 2024 Policy Index Composition Policy Risk As of 5/1/2024 Policy Index Growth Income Real Assets Risk Mitigation As of 4/1/2024 Index Growth Income Real Assets Mitigation Russell 1000 23% 39.7% Russell 1000 23% 39.7% Russell 2000 5% 8.6% Russell 2000 5% 8.6% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. 19% 32.8% MSCI World ex U.S. Small Cap 5% 8.6% MSCI World ex U.S. Small Cap 5% 8.6% MSCI Emerging Markets 5% 8.6% MSCI Emerging Markets 6% 10.3% MSCI Emerging Markets ex China 1% 1.7% Bloomberg US Corporate High Yield Index 7% 43.8% Bloomberg US Corporate High Yield Index 7% 43.8% JPM EMBI Global Diversified Index 6% 37.5% JPM EMBI Global Diversified Index 6% 37.5% Credit Suisse Leveraged Loan Index 3% 18.8% Credit Suisse Leveraged Loan Index 3% 18.8% NFI-ODCE Equal-Weighted Index 2% 33.3% NFI-ODCE Equal-Weighted Index 2% 33.3% Dow Jones US Select REIT Index 4% 66.7% Dow Jones US Select REIT Index 4% 66.7% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Aggregate Index 3% 15.0% Bloomberg 1-3 Year Gov/Credit Index 13% 65.0% Bloomberg US Treasury Index 1% 5.0% Bloomberg US TIPS 0-5 Year 3% 15.0% Bloomberg 1-3 Year Gov/Credit Index 12% 60.0% 90 Day US Treasury Bill Index 1% 5.0% Bloomberg US TIPS 0-5 Year 3% 15.0% 90 Day US Treasury Bill Index 1% 5.0% Policy Risk As of 3/1/2024 Policy Index Growth Income Real Assets Risk Mitigation As of 5/1/2023 Index Growth Income Real Assets Mitigation Russell 1000 23% 39.7% Russell 1000 23% 39.7% Russell 2000 5% 8.6% Russell 2000 5% 8.6% MSCI World ex U.S. 18% 31.0% MSCI World ex U.S. 18% 31.0% MSCI World ex U.S. Small Cap 5% 8.6% MSCI World ex U.S. Small Cap 5% 8.6% MSCI Emerging Markets 7% 12.1% MSCI Emerging Markets 7% 12.1% Bloomberg US Corporate High Yield Index 8.5% 53.1% Bloomberg US Corporate High Yield Index 10% 62.5% JPM EMBI Global Diversified Index 6% 37.5% JPM EMBI Global Diversified Index 6% 37.5% Credit Suisse Leveraged Loan Index 1.5% 9.4% NFI-ODCE Equal-Weighted Index 2% 33.3% NFI-ODCE Equal-Weighted Index 2% 33.3% Dow Jones US Select REIT Index 4% 66.7% Dow Jones US Select REIT Index 4% 66.7% Bloomberg US Aggregate Index 3% 15.0% Bloomberg US Aggregate Index 3% 15.0% Bloomberg 1-3 Year Gov/Credit Index 13% 65.0% Bloomberg 1-3 Year Gov/Credit Index 13% 65.0% Bloomberg US TIPS 0-5 Year 3% 15.0% Bloomberg US TIPS 0-5 Year 3% 15.0% 90 Day US Treasury Bill Index 1% 5.0% 90 Day US Treasury Bill Index 1% 5.0% Policy Risk As of 1/1/2023 Policy Index Growth Income Real Assets Risk Mitigation As of 3/31/2022 Index Growth Income Real Assets Mitigation Russell 1000 18% 36.0% Russell 3000 23% 46.0% Russell 2000 5% 10.0% MSCI ACWI ex USA IMI 20% 40.0% MSCI World ex U.S. 15% 30.0% MSCI Emerging Markets IMI 7% 14.0% MSCI World ex U.S. Small Cap 5% 10.0% Bloomberg US Corporate High Yield Index 10% 62.5% MSCI Emerging Markets 7% 14.0% 50% JPM EMBI GD/50% JPM GBI EM GD 6% 37.5% Bloomberg US Corporate High Yield Index 10% 62.5% NCREIF Property Index 2% 66.7% JPM EMBI Global Diversified Index 6% 37.5% Dow Jones US Select REIT Index 4% 33.3% NFI-ODCE Equal-Weighted Index 2% 33.3% Bloomberg US Aggregate Index 7% 25.0% Dow Jones US Select REIT Index 4% 66.7% Bloomberg 1-3 Year Gov/Credit Index 15% 53.6% Bloomberg US Aggregate Index 7% 25.0% Bloomberg US TIPS 0-5 Year 3% 10.7% Bloomberg 1-3 Year Gov/Credit Index 15% 53.6% 90 Day US Treasury Bill Index 3% 10.7% Bloomberg US TIPS 0-5 Year 3% 10.7% 90 Day US Treasury Bill Index 3% 10.7% Page 44 of 57 3 MUNDELEIN POLICE PENSION FUND Month Ended: November 30, 2024 Market Value Summary: Current Period Year to Date Beginning Balance $47,066,487.32 $34,954,964.48 Contributions $150,500.00 $9,647,732.00 Withdrawals ($300,000.00) ($1,200,000.00) Transfers In/Out $0.00 $0.00 Income $26,157.94 $210,076.14 Administrative Expense ($653.49) ($6,123.68) Investment Expense ($729.29) ($5,832.85) Investment Manager Fees ($3,715.21) ($9,454.48) IFA Loan Repayment $0.00 $0.00 Adjustment $0.00 $0.00 Realized Gain/Loss $30.24 $1,080,970.14 Unrealized Gain/Loss $1,055,370.41 $3,321,116.17 Ending Balance $47,993,447.92 $47,993,447.92 Performance Summary: Inception to Participant MTD QTD YTD One Year Three Years Five Years Ten Years Date Inception Date Net of Fees: 2.29% 0.20% 11.91% 17.08% N/A N/A N/A 16.28% 10/03/2022 Returns for periods greater than one year are annualized Contact Information: Illinois Police Officers’ Pension Investment Fund, 456 Fulton Street, Suite 402 Peoria, Illinois 61602 Phone: (309) 280-6464 Email: Info@ipopif.org Page 1 of 3 Page 45 of 57 MUNDELEIN POLICE PENSION FUND Fund Name: IPOPIF Pool Month Ended: November 30, 2024 Market Value Summary: Unit Value Summary: Current Period Year to Date Current Period Year to Date Beginning Balance $47,066,487.32 $34,954,964.48 Beginning Units 3,995,477.787 3,246,296.900 Contributions $150,500.00 $9,647,732.00 Unit Purchases from Additions 12,533.716 837,574.851 Withdrawals ($300,000.00) ($1,200,000.00) Unit Sales from Withdrawals (25,117.763) (100,978.011) Transfers In/Out $0.00 $0.00 Ending Units 3,982,893.741 3,982,893.741 Income $26,157.94 $210,076.14 Administrative Expense ($653.49) ($6,123.68) Period Beginning Net Asset Value per Unit $11.779940 $10.767643 Investment Expense ($729.29) ($5,832.85) Period Ending Net Asset Value per Unit $12.049894 $12.049894 Investment Manager Fees ($3,715.21) ($9,454.48) IFA Loan Repayment $0.00 $0.00 Adjustment $0.00 $0.00 Realized Gain/Loss $30.24 $1,080,970.14 Unrealized Gain/Loss $1,055,370.41 $3,321,116.17 Ending Balance $47,993,447.92 $47,993,447.92 Performance Summary: MUNDELEIN POLICE PENSION FUND Inception to Participant MTD QTD YTD One Year Three Years Five Years Ten Years Date Inception Date Net of Fees: 2.29% 0.20% 11.91% 17.08% N/A N/A N/A 12.29% 11/22/2022 Returns for periods greater than one year are annualized Contact Information: Illinois Police Officers’ Pension Investment Fund, 456 Fulton Street, Suite 402 Peoria, Illinois 61602 Phone: (309) 280-6464 Email: Info@ipopif.org Page 2 of 3 Page 46 of 57 Statement of Transaction Detail for the Month Ending 11/30/2024 MUNDELEIN POLICE PENSION FUND Trade Date Settle Date Description Amount Unit Value Units IPOPIF Pool 11/22/2024 11/25/2024 Redemptions (300,000.00) 11.943739 (25,117.7625) 11/27/2024 11/29/2024 Contribution 150,500.00 12.007612 12,533.7161 Page 3 of 3 Page 47 of 57  November 2024 Statement Supplement Asset Flows Period New Asset Transfers Cash Contributions Cash Withdrawals November 2024 Zero $23 million $48 million CY 2024 $1.574 billion $629 million $515 million Expenses Paid Administrative Investment Direct Investment Period Expenses Expenses Manager Fees 11/1/25 $175,670.39 $196,045.50 $998,712.48 CY 2024 $1,666,462.86 $1,592,183.76 $2,562,525.47 • Expenses are paid from the IPOPIF Pool and allocated proportionately by member value. • Investment expenses exclude investment manager fees. • Direct Investment Manager Fee includes those fees invoiced and paid by IPOPIF. Other investment manager fees are tracked separately and reported to the Board Periodically. Investment Pool Details Date Units Value Unit Price 10/31/24 1,074,052,844.7297 12,652,277,720.05 11.779940 11/30/24 1,071,898,314.4376 12,916,261,211.07 12.049894 A spreadsheet with complete unit and expense detail history is linked on the Article 3 Fund Reports page NAV and Receivable Calculations Under Development The IPOPIF AR 2022-01 Valuation and Cost Rule.pdf, stipulates that subsequent to transfer of investment assets from all Article 3 Funds, the Net Asset Value (NAV) for each Participating Police Pension Fund will include a final true-up allocation of all costs paid using funds from the total consolidated IPOPIF investment portfolio for the period January 1, 2023, through December 31, 2024, and all loan payments made to the Illinois Finance Authority subsequent to January 1, 2023. These adjustments are expected to be completed in the first quarter of 2025. Resources • Monthly statement overview: Link to Statement Overview • Monthly financial reports: https://www.ipopif.org/reports/monthly-financial-reports/ • Monthly and quarterly investment reports: https://www.ipopif.org/reports/investment- reports/ • IPOPIF Board Meeting Calendar: https://www.ipopif.org/meetings/calendar/ Illinois Police Officers’ Pension Investment Fund 309-280-6464 456 Fulton Street, Suite 402 info@ipopif.org Page 48 of 57 Peoria, Illinois 61602  Certified Trustee Training Organization: Mundelein Police Pension Fund Year: 2025 Wallace Fraiser Hours Date Hours Required Type of Training Completed Completed Cert on File 1 8 2 3 Peter Ahern Hours Date Hours Required Type of Training Completed Completed Cert on File 1 8 2 3 4 Jim Cupec Hours Date Hours Required Type of Training Completed Completed Cert on File 1 8 2 3 Deborah Shutter Hours Date Hours Required Type of Training Completed Completed Cert on File 1 8 2 3 Kevin Callaghan Hours Date Hours Required Type of Training Completed Completed Cert on File 1 8 2 3 Page 49 of 57  2025 IPPFA Trustee Training Opportunities IPPFA ONLINE SEMINAR COURSE WHEN: Ongoing • Online 8 hr. seminar (Recorded 2024) WHERE: IPPFA Website: www.ippfa.org/education/online-classes/ COST: IPPFA MEMBER: $285.00/seminar IPPFA NON-MEMBER: $570.00/seminar This online seminar agenda includes: • School's in Session - How to Ace your Fund Administration • Retirement Healthcare Funding • Private vs. Public Pensions • Pension Funding Policy • Legal Updates and Recent Court Cases • Ask Your Attorney • Fiduciary Liability Insurance vs. Directors and Officers Insurance • Benefit Enhancements to Attract and Retain Public Safety Officers • Consolidation Update • The Wonderfully Weird World of Administrative Review - this online seminar satisfies 8 hours of the required continuing pension trustee training Page 50 of 57  16-hour Certified Trustee Programs* offered through IPPFA IPPFA ONLINE Certified Trustee Program COST: IPPFA MEMBER: $ 550.00 IPPFA NON-MEMBER: $1,100.00 Registration is online at the IPPFA website www.ippfa.org/education/trustee-program/ IPPFA In-Person Certified Trustee Program WHEN: TBA WHERE: TBA COST: IPPFA MEMBER: $500.00 IPPFA NON-MEMBER: $1,000.00 *On December 18, 2019, Governor J.B. Pritzker signed SB 1300, making it Public Act 101-0610. This act will consolidate all Article 3 and 4 pension fund's investment assets. Under Public Act 101-0610, training requirements have now been reduced from 32-hours to 16-hours of new trustee training, however all pension trustees will still need 4-hours of mandatory consolidation transition training. All Article 3 & 4 Pension Trustees elected or appointed are required to complete the 16-hour trustee certification course within 18 months of election or appointment to the board. Page 51 of 57  2025 IPPFA Pension Conferences 2025 Illinois Pension Conference May 7th - 9th Eagle Ridge Resort, Galena, IL Agenda at a glance: Tuesday, May 6th - Heroes Family Fund Charity Golf Outing Wednesday, May 7th - Educational Sessions 12:00 pm to 5:00 pm Thursday, May 8th - Educational Sessions 8:00 am to 5:00 pm Friday, May 9th - Educational Sessions 9:00 am to 12:00 pm 2025 MidAmerican Pension Conference October 1st - 2nd Oak Brook Hills Resort, Oak Brook PLEASE NOTE THE SCHEDULE CHANGE TO 2 FULL DAYS Agenda at a glance: Tuesday, September 30th - Heroes Family Fund Charity Golf Outing Wednesday, October 1st - Educational Sessions 9:00 am to 5:00 pm Thursday, October 2nd - Educational Sessions 9:00 am to 5:00 pm No Friday Sessions For more information, please visit our website at www.ippfa.org. You may also call us at (630) 784-0406. Page 52 of 57 Page 53 of 57  0123456ÿ8ÿ09 ÿ0123456ÿ ÿÿ ÿ!ÿ"#!ÿ"$$%&#!ÿ'&ÿ(ÿ)*%&+ÿ"#!ÿ'&ÿ,ÿ)-&'./0'1+ÿ%"ÿ$#1&%# 2%"'!ÿ'311ÿ"'ÿ'43&'!ÿ%ÿ$"'&&$"ÿ&#ÿ1"56"#!"!ÿ'31ÿ'&."&%#ÿ'"&#&#/ 0"ÿ%#1&11ÿ%7ÿ"ÿ"1ÿ89ÿ0%3'1ÿ&#ÿ0&'ÿ.'1ÿ:"'ÿ"1ÿ"ÿ'31;ÿ<#ÿ"!!&&%#=ÿ'311ÿ631 %6$ÿ"ÿ6&#&636ÿ%7ÿ&/0ÿ0%3'1ÿ%7ÿ%#&#3&#/ÿ'31ÿ!3"&%#ÿ"##3":ÿ0'"7'; >?@ÿBCCDEFDGÿHIEDJDKLCÿM@LNI@ÿKOFPDQ@G R?DGÿJ@ORDSJLRDFEÿROLDEDENÿLRÿEFÿJ?LON@ÿRFÿLCCÿROIGR@@GT UCDJVÿ?@O@ÿRFÿW@NDEÿXFIOÿK@EGDFEÿROIGR@@ÿROLDEDENT Y0&1ÿ'"&#&#/ÿ&1ÿ$'%Z&!!ÿ%#&#ÿ"#!ÿ&#ÿ"%'!"#ÿ[&0ÿ1"3%':ÿ'43&'6#1; \@EGDFEÿ>OIGR@@ÿU@ORDSJLRDFEÿ]LJRÿ^?@@R ÿDE ÿ KLORE@OG?DK `DR? abÿdefÿghijÿkfjlmneolÿpjqhprnoqÿspmntujÿvÿepÿspmntujÿwÿxjolneoÿmpflmjjÿtjpmnythmneoz xujhljÿteomhtmÿflÿ{dÿj|hnuÿhmÿxjolneompflmjjl}n|u~epq~ Page 54 of 57  Mundelein Police Pension Fund Annual Benefit Increases (COLA) Effective as of January 1, 2025 Type of Prior COLA Current Annualized Pensioner Pension Notes Benefit Increase Benefit Benefit Awe, Judy E. Spouse 5,301.76 0.00 5,301.76 63,621.12 Beese, Richard M. Service 8,335.83 250.07 8,585.90 103,030.80 Bronge, Joseph M. Service 6,022.69 180.68 6,203.37 74,440.44 Butt, Eric A. Service 4,760.12 142.80 4,902.92 58,835.04 Clark, Scott D. Service 4,546.83 0.00 4,546.83 54,561.96 Dempsey, Paul W. Service 6,402.50 0.00 6,402.50 76,830.00 DuHamel, Gary W. Service 7,479.83 0.00 7,479.83 89,757.96 Eugenis, Cameron P. Service 7,909.32 237.28 8,146.60 97,759.20 Fox, Gregory S. Service 6,093.57 182.81 6,276.38 75,316.56 Frasier, Wallace E. Jr. Service 8,730.56 261.92 8,992.48 107,909.76 Fuller, Kenneth L. Service 3,843.51 115.31 3,958.82 47,505.84 Gara, Patrick J. Service 7,254.08 0.00 7,254.08 87,048.96 Gorski, Daniel R. Service 5,972.76 179.18 6,151.94 73,823.28 Guenther, Eric J. Service 8,865.05 0.00 8,865.05 106,380.60 Hansen, Donovan C. Service 10,270.59 308.12 10,578.71 126,944.52 Hergott, Marc S. Service 7,251.63 217.55 7,469.18 89,630.16 Jagielnik, William J. Service 1,977.09 59.31 2,036.40 24,436.80 Jones, Stephanie L. Non-Duty Disability 3,256.32 0.00 3,256.32 39,075.84 Kalodimos, Keith A. Service 8,103.39 243.10 8,346.49 100,157.88 Kipp, Edward D. Jr. Service 3,496.58 104.89 3,601.47 43,217.64 Kipp, Edward D. Jr. - QILDRO QILDRO 3,496.56 104.90 3,601.46 43,217.52 Kliora, Federico J. Service 9,091.23 272.74 9,363.97 112,367.64 Kloss, Deborah E. Spouse 1,025.27 0.00 1,025.27 12,303.24 Kobeck, Karen M. Spouse 4,299.36 0.00 4,299.36 51,592.32 Maddock, Robert H. Non-Duty Disability 1,922.29 1,614.73 3,537.02 42,444.24 Martinek, Philip P. Service 6,531.23 195.94 6,727.17 80,726.04 McCommons, Roy J. Service 6,994.41 209.83 7,204.24 86,450.88 Monahan, John M. Service 11,619.82 0.00 11,619.82 139,437.84 O'Brien, Michael S. Service 9,692.17 290.77 9,982.94 119,795.28 Ostdick, Jeffrey A. Non-Duty Disability 3,874.04 70.01 3,944.05 47,328.60 Parrish, Mark L. Service 7,547.44 226.42 7,773.86 93,286.32 Pender, Patrick T. Service 8,552.63 256.58 8,809.21 105,710.52 Pierce-Demski, Kerry A. Non-Duty Disability 2,705.47 1,460.96 4,166.43 49,997.16 Rathke,Phillip E. Service 4,546.82 0.00 4,546.82 54,561.84 Richards, Michael E. Service 8,105.26 0.00 8,105.26 97,263.12 Robertson, David M. Service 4,296.92 128.91 4,425.83 53,109.96 Roy, Steven E. Service 2,838.42 85.15 2,923.57 35,082.84 Roy, Susan Duty Disability - T 4,053.19 63.00 4,116.19 49,394.28 Schaefer, Steven R. Service 4,154.05 124.62 4,278.67 51,344.04 Schmidt, Daniel J. Service 5,910.88 0.00 5,910.88 70,930.56 Page 55 of 57 Page 1  Mundelein Police Pension Fund Annual Benefit Increases (COLA) Effective as of January 1, 2025 Type of Prior COLA Current Annualized Pensioner Pension Notes Benefit Increase Benefit Benefit Smith, Kathleen L. Service 5,456.20 0.00 5,456.20 65,474.40 Sturlini, John P. Duty Disability 4,732.12 0.00 4,732.12 56,785.44 Torbeck, Dennis C. Service 6,546.30 196.39 6,742.69 80,912.28 Villarreal, Stanley D. Jr. Duty Disability 4,463.91 72.78 4,536.69 54,440.28 Waters, Tyler E. Non-Duty Disability 4,108.37 0.00 4,108.37 49,300.44 Werfelmann, Paul W. Service 7,490.47 224.71 7,715.18 92,582.16 Yarc, Brian M. Service 4,912.99 147.39 5,060.38 60,724.56 Totals 274,841.83 8,228.85 283,070.68 3,396,848.16 Page 56 of 57 Page 2  Mundelein Police Pension Fund Summary of Benefit Changes and Notes Effective as of January 1, 2025 Amount of New Monthly Pensioner Reason Date Change Benefit Maddock, Robert H. Initial Increase 1/1/2025 1,614.73 3,537.02 Pierce-Demski, Kerry A. Initial Increase 1/1/2025 1,460.96 4,166.43 DuHamel, Gary W. Initial Increase 6/1/2025 897.58 8,377.41 Clark, Scott D. Initial Increase 8/1/2025 431.95 4,978.78 Monahan, John M. Initial Increase 10/1/2025 784.34 12,404.16 Smith, Kathleen L. Initial Increase 3/1/2026 613.82 6,070.02 Rathke,Phillip E. Initial Increase 4/1/2026 431.95 4,978.77 Dempsey, Paul W. Initial Increase 6/1/2026 880.34 7,282.84 Gara, Patrick J. Initial Increase 10/1/2026 1,088.11 8,342.19 Richards, Michael E. Initial Increase 12/1/2026 1,094.21 9,199.47 Guenther, Eric J. Initial Increase 7/1/2027 1,329.76 10,194.81 Schmidt, Daniel J. Initial Increase 9/1/2027 871.85 6,782.73 Jones, Stephanie L. Initial Increase 1/1/2033 2,149.17 5,405.49 Sturlini, John P. Initial Increase 1/1/2033 2,413.38 7,145.50 Waters, Tyler E. Initial Increase 1/1/2046 3,204.53 7,312.90 Notes 1. None Page 57 of 57 Page 3