Police Pension Minutes
North Aurora Police Pension
Board of Trustees
Minutes of the meeting – January 24, 2012
The meeting was called to order at 5 pm, by President Robyn Stecklein. There were no audience comments. Roll call was conducted and members present were as follows: Robyn Stecklein, Greg Manko, Mary Licar, Gerri Vaughn. Ray Treve was absent. Also present were Board Attorney Charles Atwell, Spencer Klein from MB Financial; Bill Hannah from the Village of North Aurora and Anise Hesson. Prior discussion was held on January 17, 2012. The Board subsequently determined that due to an inadvertent posting of the meeting date the meeting was reconvened to January 24, 2012. No official action was taken on January 17, 2012.
Minutes
Minutes from October 18, 2011 were reviewed. Motion to approve the minutes was made by Gerri Vaughn and seconded by Greg Manko. Roll call vote: Stecklein – yes. Manko – yes. Vaughn – yes. Licar – yes. The motion passed unanimously.
Treasurer’s Report
Bill Hannah summarized the balance sheet and income statements. Paid bills report – circled are changes since last meeting. All bills that are owed have been paid to date.
Motion to approve the Treasurer’s Report was made by Greg Manko and seconded by Gerri Vaughn. Roll call vote: Stecklein – yes. Manko – yes. Vaughn – yes. Licar – yes. The motion passed unanimously.
Investment Report
The Investment Report was presented by MB Financial. Motion to approve/accept the Investment Report and stock diversification strategy proposed by MB Financial was made by Mary Licar and seconded by Greg Manko. Roll call vote: Stecklein – yes. Manko – yes. Vaughn – yes. Licar – yes. The motion passed unanimously.
Investment Mangagement Agreement
MB Financial presented the updated investment management agreement for Board approvel. Motion to approve was made by Greg Manko and seconded by Gerri Vaughn. Roll call vote: Stecklein – yes. Manko – yes. Vaugh – yes. Licar – yes. The motion passed unanimously.
2012 meeting dates:
