Notice is hereby given that the Board of Trustees of the Illinois Police Officers’ Pension Investment Fund will conduct a meeting on Friday, November 13, 2020 at 9:00 a.m. via the Zoom digital platform in accordance with Executive Order 2020-59 issued by Governor Pritzker and Public Act 100-640. By entering this meeting, participants agree to be audio and video recorded.
Zoom Invite: Public Invited via teleconference
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+1 312 626 6799 US (Chicago)
+1 929 205 6099 US (New York)
+1 301 715 8592 US (Germantown)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US (Tacoma)
+1 346 248 7799 US (Houston)
Meeting ID: 944 2855 0396
Passcode: 033652
AGENDA
1. Call to Order
2. Roll Call
3. Closed Session a. In accordance with 5 ILCS 120/2(c) Exceptions. A public body may hold closed meetings to consider the following subjects: (1) The appointment, employment, compensation, discipline, performance, or dismissal of specific employees of the public body or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee of the public body or against legal counsel for the public body to determine its validity.
4. Meeting Minutes
a. Review – Approved September 28, 2020 Audit Committee Meeting Minutes
b. Review/Approve – October 9, 2020 Board Meeting Minutes
c. Review – Approved October 16, 2020 Audit Committee Meeting Minutes
5. Treasurer’s Report
a. Monthly Financial Report – October 2020
b. Review/Approve – Warrants Summary
i. Warrant #14 (Ratify)
ii. Warrant #15 (Approve)
c. Review/Approve – Budget Amendments (If Needed)
i. Approve Revised Fiscal Year 2021 Budget
ii. Approve Resolution 2020-12 – Resolution Amending the Budget for the 2021 Fiscal Year
d. Approval of Vendors and Purchases (If Needed)
e. Review Loan Activity – November 2, 2020 Disbursement of $200,000
f. Other
6. Audit Committee’s Report
a. Review/Approve – Auditor Services Engagement Letter – Baker Tilly US, LLP
b. Status Update – Audit of Fiscal Year 2020 Financial Statements
c. Review/Adopt – Purchasing Policy (PP-2020-11)
7. Governmental Liaison’s Report
a. Monthly Board Report
8. Governance Committee
a. Establish Governance Committee and Appoint Chairperson
b. Establish Future Governance Committee Meeting(s)
9. Election Committee’s Report a. Status Update – Participant Election
10. Executive Director’s Report
a. Review/Approve – 2021 Board of Trustee and Committee Meeting Schedule
b. Chief Investment Officer (CIO)
i. Review/Adopt – Job Description for CIO
ii. Review/Approve – Recruitment Process for CIO
c. Fiduciary Counsel i. Review/Approve – Request for Proposal for Outside Fiduciary Legal Counsel
11. General Counsel’s Report
a. Review/Discuss – Board Motion Procedures
b. Review/Adopt – Ethics Policy
c. Discussion – Ethics Officer Position
12. Old Business
13. New Business
a. Review/Discuss – Resignation of Conflict Counsel
b. Discussion/Potential Action – Legal Counsel
14. Public Comment (Press *6 to Unmute)
15. Adjournment