NOTICE OF A REGULAR MEETING OF THE
ST. CHARLES POLICE PENSION FUND
BOARD OF TRUSTEES
The Board of Trustees will conduct a regular meeting on Wednesday, June 4, 2025 at 12:30 p.m. in the Police Department located at 1515 West Main Street, St. Charles, Illinois 60174, for the purposes set forth in the following agenda:
AGENDA
1. Call to Order
2. Roll Call
3. Public Comment
4. Approval of Meeting Minutes
a.) March 5, 2025 Regular Meeting
b.) May 20, 2025 Special Meeting
5. City Treasurer’s Report
a.) Quarterly Financial Report
6. Accountant’s Report – Lauterbach & Amen
a.) Monthly Financial Report
b.) Presentation and Approval of Bills
c.) Additional Bills, if any
d.) Discussion/Possible Action – Cash Management Policy
7. Investment Reports
a.) Sawyer Falduto Asset Management – Quarterly Report
b.) IPOPIF – Verus Advisory, Inc.
c.) IPOPIF – State Street Statements
8. Communications and Reports
a.) Statements of Economic Interest
b.) Affidavits of Continued Eligibility
9. Trustee Training Updates
a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses
10. Applications for Membership/Withdrawals from Fund
a.) Application for Membership – Michael Thorpe
b.) Deceased Pensioner/Refund of Excess Contributions – Christopher Grove
11. Applications for Retirement/Disability Benefits
a.) Discussion/Possible Action – Disability Application – James Keegan
12. Old Business
a.) Portability Updates – Raymond Garcia and Dhaval Patel
b.) Discussion/Possible Action – Benefit Discrepancies
c.) Discussion/Possible Action – Status of IPOPIF Audit Examination
13. New Business
a.) Discussion/Possible Action – Property Tax Payments
b.) Certify Board Election Results – Active Member Position
c.) Appointed Member Term Expiration – Bill Hannah
d.) Appointed Member Term Status Update – James Keegan
14. Attorney’s Report – Reimer Dobrovolny & LaBardi PC
a.) Legal Updates
15. Closed Session, if needed
16. Adjournment
ADA Compliance
Any individual with a disability requesting a reasonable accommodation in order to participate in a public meeting should contact the ADA Coordinator, Jennifer McMahon, at least 48 hours in advance of the scheduled meeting. The ADA Coordinator can be reached in person at 2 East Main Street, St. Charles, IL, via telephone at (630) 377 4446 or 800 526 0844 (TTY), or via e-mail at jmcmahon@stcharlesil.gov. Every effort will be made to allow for meeting participation. Notices of this meeting were posted consistent with the requirements of 5 ILCS 120/1 et seq. (Open Meetings Act).