HomeMy WebLinkAboutMinutes - 11/30/2020 - Police Pension Board V � h
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Police Pension Board of Trustees
MCHenry Special Meeting Minutes
November 30, 2020
Call to Order
A special meeting of the City of McHenry Police Pension Board of Trustees was called to order at
9:00 a.m.via Zoom online due to the COVID-19 pandemic.
Roll call:
Members present: President Jeffery Foerster, Ann Buss, Officer Marc Fisher, Sergeant Nick Clesen,
Cheryl Kranz. Others present: Monte Johnson, Carolyn Lynch
Public Comments:
No members of the public were present to offer comments.
Approve the investment of funds from the Taxable General Obligation Bonds,Series 2020B
Gary Karshna explained that we are expecting $23,429,567.65 from the bonds. The money has
not hit our account yet, but should be in there later today.
Jim Schmidt prepared an investment schedule that was previously discussed at the last
meeting. The proposal was screen shared via Monte Johnson's computer. The Dollar Cost
Averaging Program was discussed in detail by Mr. Schmidt.
A motion was made by Sergeant Clesen and seconded by Ann Buss to follow the investment schedule as
presented by Jim Schmidt. Roll Call Vote: 5-ayes:Jeff Foerster, Ann Buss, Marc Fisher, Nick Clesen,
Cheryl Kranz. 0-nays, o-abstained. Motion carried.
Motion to Adjourn
A motion was made by Sergeant Clesen and seconded by Cheryl Kranz to adjourn the meeting at 9:18
a.m. Roll Call Vote: 5-ayes: Jeff Foerster, Ann Buss, Marc Fisher, Nick Clesen, Cheryl Kranz. 0-nays, 0-
abstained. Motion carried.
7 . Q. A4.,
Monte Johnson, Recording Secretary Jeff Foerster, President