Firemen’s Pension Fund Board of Trustees

November 15, 2021 Peoria, Illinois AGENDA REGULAR MEETING OF THE BOARD OF TRUSTEES OF THE FIREMEN'S PENSION FUND OF PEORIA, ILLINOIS A Regular Meeting of the Board of Trustees of the Firemen's Pension Fund of Peoria, Illinois, will be held this date at City Hall, Room 404, Peoria, Illinois, at 9:30 AM. with proper notice having been given, for the purpose of conducting regular Firemen's Pension Fund business. ROLL CALL Roll Call of the following members: Higgins, Smith, Tarr, Tomblin, President Troglio - 5. INVOCATION A moment of silence will be held in remembrance of those Firefighters who have served our community. MINUTES Recommendation to Approve the Minutes of the Regular Meeting held on October 25, 2021, as printed. REGULAR BUSINESS ITEM NO. 1 MONTHLY PORTFOLIO PERFORMANCE REVIEW by TOM McSHANE GRAYSTONE CONSULTING (A business of Morgan/Stanley Smith-Barney), and Discussion Regarding Recommendations, Possible Action Regarding the Firemen's Pension Fund Portfolio Performance, and Discussion and Review of the Asset Allocations, with Request to Receive and File Reports or Take Other Action. ITEM NO. 2 Report from Fire Marshal James Bachman of Pension Fund Contributions, which were made by payroll deductions during the MONTH of OCTOBER 2021, from the active members of the Peoria Fire Department and which checks were turned in to the City Treasurer's Office by Director of Finance/Comptroller, with Recommendation to Concur and Receive and File. Payroll Period When Deducted Amount September 21, 2021 - October 5, 2021 October 15, 2021 $62,887.75 October 6, 2021 - October 20, 2021 October 29, 2021 $ 63.143.54 TOTAL $126,031.29  PAGE2 ITEM NO. 3 Request to APPROVE the following BILLS: Pensions for November 2021 (dated November 30, 2021) ......................... $1,465,988.64 (Estimate Only .. .. Have not received the information prior to agenda posted) Nicho'lous Parks - Fire Contribution Refund ............................................. . 17,781.85 Lauterbach & Amen, LLP - Prof Svcs Sept. 2021 ..................................... . 3,445.00 Lauterbach & Amen, LLP - Prof Svcs Oct. 2021 ....................................... . 3,445.00 SUB-TOTAL FOR NOVEMBER. ..................................................... $1,490,660.49 Graystone Consulting, 2021 4th Quarter Advisory Fee................................ *66, 187.42 GRAND TOTAL FOR NOVEMBER ................................................. $1,556,847.91 *No check should be processed for this amount. This amount was automatically deducted from Cash Mgmt Acct. ITEM NO. 4 REQUEST to APPROVE the FIRE CONTRIBUTION REFUND from NICHO'LOUS PARKS, in the Amount of $17,781.85, to be Paid Directly to NICHO'LOUS PARKS . ITEM NO. 5 MONTHLY FINANCIAL REPORT from LAUTERBACH & AMEN, LLP for the Month of OCTOBER 2021, which Includes the STATEMENT OF PLAN NET ASSETS, STATEMENT OF CHANGES IN PLAN NET ASSETS, SUMMARY of CASH AND INVESTMENTS, BALANCE SHEET, REVENUES and REVENUE REPORT, EXPENSES and EXPENSE REPORT, PAYROLL JOURNAL, and VENDOR CHECKS REPORT, with Recommendation to APPROVE. ITEM NO. 6 REQUEST for APPROVAL of a RESOLUTION Authorizing City Treasurer Stephen Morris the POWER TO INVEST, and Authorize City Treasurer Morris to Maintain a Minimum of $10,000.00 in the HARRIS BANK ACCOUNT. UNFINISHED BUSINESS ITEM NO. 7 REQUEST to APPROVE the ILLINOIS FIDUCIARY INSURANCE POLICY with ULLICO for the Policy Period November 15, 2021, to November 15, 2022. ITEM NO. 8 REQUEST to APPROVE the AUDIT ENGAGEMENT LETTER with SIKICH LLP for the Year Ended December 31, 2021 Audit. ITEM NO. 9 CONTINUED DISCUSSION Regarding a Letters from the FIREFIGHTERS' PENSION INVESTMENT FUND (FPIF) Regarding Authorization for Current Service Providers to Provide Requested Data Directly to FPIF and its Professionals, Update on Preparation for Transfer of Assets, and Notice of Assumption of Fiduciary Control of Pension Assets by the Firefighters' Pension Investment Fund on January 4, 2022, with Request to RECEIVE and FILE or to Take Appropriate Action.  PAGE3 NEW BUSINESS CITIZENS' OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES EXECUTIVE SESSION ADJOURNMENT