Firemen’s Pension Fund Board of Trustees

FEBRUARY 26, 2024 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 A.M. 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, Phillips, Pinkston, Tarr, President Smith – 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 Board Meeting held on January 29, 2024, as printed. REGULAR BUSINESS 1. IFPIF/Marquette & Associates Executive Summary Dated September 30, 2023, with a Request to Receive and File. 2. Review of Northern Trust Portfolio Activity Report from January 1, 2024 – January 31, 2024, and Peoria Firefighter’s Pension Fund Statement of Results, with Request to Receive and File. 3. Review of Cash Reserves and Cash Flow Projections with a Request to Receive and File or Take Other Action Deemed Necessary. 4. Report from Fire Marshal Shawn Sollberger of Pension Fund Contributions, which were made by payroll deductions during the MONTH of JANUARY, 2024, 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 December 21, 2023 – January 5, 2024 January 15, 2024 $ 71,043.03 January 6, 2024 – January 20, 2024 January 31, 2024 $ 71,716.41 TOTAL $142,759.44 5. Request to APPROVE the following BILL for February: Pensions for February 2024 (dated February 29, 2024) .............................$1,623,442.64 Lauterbach & Amen PC – Prof Svcs – December ‘23 …………………… .... 3,620.00 SUB-TOTAL FOR FEBRUARY……………………………………………… ...$1,627,062.64 APPROVE GRAND TOTAL FOR FEBRUARY….…..………………………………. $1,627,062.64  PAGE 2 6. Monthly Financial Report from Lauterbach & Amen for January 2024, which includes the Statement of Plan Net Assets, Summary of Cash and Investments, Cash Analysis Report and Summary, Revenue Report, Pension Benefits and Expenses, Expense Report, Contribution Report, Payroll Journal, Quarterly Disbursement Report, and Quarterly Deduction Report, with Request to Approve. 7. Resolution Authorizing City Treasurer Stephen Morris to Maintain a Minimum of $10,000.00 in the Harris Bank Account, with Request to Approve. 8. Discussion Regarding Transitioning Active Firefighter Contributions Processes from Paper Checks to Electronic Transfers, with a Request to Approve. 9. Discussion Regarding Changing Fire Pension Board Meeting Dates to the following Even Months of the Year: February, April, June, August, October, and December, with a Request to Approve. UNFINISHED BUSINESS NEW BUSINESS CITIZENS’ OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES EXECUTIVE SESSION ADJOURNMENT