General News
12

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) 
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+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

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