Police Pension Board

VILLAGE OF PALATINE VILLAGE HALL - COMMUNITY ROOM A 200 E WOOD STREET PALATINE, IL 60067-5339 – (847) 359-9050 http://www.palatine.il.us PALATINE POLICE PENSION BOARD MINUTES FEBRUARY 11, 2025 Regular Meeting 4:00 PM I. CALL TO ORDER Attendee Name Title Status Arrived Christopher Stearns Present Carol Brandt Present Sam Maki Present Martin Vanderhoek Present Andrew Merz Present II. REIVEW OF MINUTES 1. Motion approve minutes from regular meeting on 11/12/2024 - Motion Carried by Voice Vote RESULT: MOTION CARRIED BY VOICE VOTE [UNANIMOUS] MOVER: Carol Brandt SECONDER: Martin Vanderhoek AYES: Stearns, Brandt, Maki, Vanderhoek, Merz III. PUBLIC COMMENT IV. ORDERS OF PAYMENTS 1. Motion to approve legal invoice to Puchalski Goodloe LLC $915.00 - Motion Carried by Voice Vote RESULT: MOTION CARRIED BY VOICE VOTE [UNANIMOUS] MOVER: Carol Brandt SECONDER: Martin Vanderhoek AYES: Stearns, Brandt, Maki, Vanderhoek, Merz 2. MOTION TO APPROVE REIMBURSEMENT TO SAM MAKI FOR 8 HOUR ONLINE PENSION TRAINING HOSTED BY IPPFA-$285.00 Approved as one motion. VILLAGE OF PALATINE Page 1 Minutes February 11, 2025 V. NEW BUSINESS 1. Approve updated IPOPIF authorized agents resolution - Motion Carried by Voice Vote RESULT: MOTION CARRIED BY VOICE VOTE [UNANIMOUS] MOVER: Carol Brandt SECONDER: Sam Maki AYES: Stearns, Brandt, Maki, Vanderhoek, Merz 2. Approve updated IPOPIF eCFM - Motion Carried by Voice Vote RESULT: MOTION CARRIED BY VOICE VOTE [UNANIMOUS] MOVER: Andrew Merz SECONDER: Martin Vanderhoek AYES: Stearns, Brandt, Maki, Vanderhoek, Merz 3. Update pension fund's account signers - No action. 4. Review trustee term expirations and election procedures - 5. Update regarding statement of economic interest forms - Filed by May 6. Update regarding FYE audit, IDOI annual statement, and actuarial valuation report - Update by Andrew Brown 7. Approve updated IPOPIF eCFM authorized users resolution - No action. 8. Review Village of Palatine financial report - Motion Carried by Voice Vote RESULT: MOTION CARRIED BY VOICE VOTE [UNANIMOUS] MOVER: Martin Vanderhoek SECONDER: Carol Brandt AYES: Stearns, Brandt, Maki, Vanderhoek, Merz 9. Discussion and action if necessary on cash managment guidelines. - None VI. LEGAL UPDATE VILLAGE OF PALATINE Page 2 Minutes February 11, 2025 1. Attorney Jeff Goodloe - VII. REVIEW OF CLOSED SESSION MINUTES VIII.MEMBER RELATED ISSUES IX. OLD BUSINESS X. ADJOURNMENT VILLAGE OF PALATINE Page 3