HomeMy WebLinkAboutMinutes - 04/24/2018 - Police Pension BoardPolice Pension Board of Trustees
April 24, 2018, 2:30 PM
Meeting Minute
Call to Order
A meeting of the City of McHenry Police Pension Board of Trustees was called to order at 2:30 pm in the
McHenry City Council Chamber, 333 S. Green Street, McHenry, IL.
Roll call:
President Jeffery Foerster and Sergeant Clesen were the members in attendance. 3-Absent: Vice
President Jon Meyer, Ormel Prust and Marc Fisher. Others present: Jim Schmidt, LPL Financial; Gary
Karshna, Capital Gains, Inc.; City Treasurer Carolyn Lynch, and recording secretary Debra Meadows.
There was no quorum present.
Public Input
None.
Approval of Minutes
Mr.Karshna shared his comments regarding the minutes. Due to the lack of a quorum there was no
action taken.
Report of Investments and Accounts:
a) Investment Reports
Treasurer Lynch provided the Police Pension Board Members with an overview of the
Treasurer's Report. There was no action taken.
b) Fixed Assets Investment Report
Fixed Assets Manager Gary Karshna provided those present with an update on the investment
reports for the period ending March 31, 2018. There was some discussion on the reports with
no action taken.
c) Equities Investment Report
Mr. Schmidt from LPL Financial presented the Equities Portfolio Performance Summary for the
period of December 29, 2017 to April 23, 2018. There was some discussion on the reports with
no action taken.
d) Semi-annual review of Police Pension Fund Investment Policy
Due to the lack of a quorum there was no discussion on this matter.
Unfinished Business:
a) Motion to approve payment of bills
No action was taken.
New Business
None.
Any additional items for discussion
None.
Motion to adjourn
There being no further public business to discuss, a Motion was made by President Forster and
seconded by Officer Clesen to adjourn from the public meeting at 2:50 pm. Vote:2-ayes by unanimous
voice vote. 0-nays, 0-abstained. Motion carried.
R 0 1 / 4 pectfully Alutb
Debra Meadows, Recording Secretary