City of Carbondale Police Pension Board of Trustees met February 20
City of Carbondale Police Pension Board of Trustees met February 20.
Here is the minutes as provided by the board:
1. Call to Order / Roll Call
The City of Carbondale Police Pension Board of Trustees held a meeting on February 20th, 2018, at the
Carbondale Civic Center room 103. Mark Goddard called the meeting to order at about 1:30 p.m.
Present: Mark Goddard, Anthony Williams, Jeff Davis, Paul Echols, Don Priddy.
Acknowledgement of Guests
Board Attorney Dennis Orsey was present, and Investment Manager Patrick Donnelly joined the meeting
2. Public Comments
3. Reading / Approval of Minutes
Minutes from January 16th, 2017.
MOTION: Echols moved, Priddy seconded, acceptance of minutes from January 16th, 2018.
All voted aye.
A) Echols moved, Davis seconded, to pay Dennis Orsey $303.75 for services rendered beyond the
quarterly retainer. Roll call vote: All voted yes.
B) Williams moved, Priddy seconded, to pay Complete Family Eye Care $300 for a disability related exam
of Trey Harris. Roll call vote: All voted yes.
6. Treasurer’s Report
Davis presented the Treasurer’s report. Fund current approximate total stands at $27.8 million in securities, an addition of approximately $590,000 from the previous month. Echols moved, Williams seconded, motion to accept Treasurer’s report. All voted aye.
7. Investment Report
Patrick Donnelly recommended moving $200,000 from domestic equities, and $130,000 from cash accounts, to international equities. Davis moved, Echols seconded, to abide by Donnelly’s recommendation. Roll call vote: all voted yes.
8. Old Business
A) All medical reports from doctors scheduled by the board for Trey Harris’ required medical exams have been
received, and all indicate that he is disabled. It was requested that Attorney Orsey try to schedule a special
setting hearing for the next regularly scheduled meetng in March to have the hearing.
B) The Christine Snyder disability review is coming due, and it was recommended that Dr. Robson of the St.
Louis area be used for the medical review, requiring a $500 prepay agreement. Davis moved, Williams
seconded, to refer Snyder to Dr. Robson and prepay the appointment. Roll call vote: all voted yes.
C) Attorney Orsey discussed his communications with Jeff Vaughn’s attorneys, and there is no action needed
by the board at this time.
D) The pension transfers of Cody Schaefer and Ben Jones have been completed from Murphysboro to
E) Cloee Frank has requested her pension fund contributions be sent to O’Fallon Police Pension Fund, where
she is now employed. Priddy moved, Williams seconded, to transfer the calculated $51,360.80 in
transferrable funds to O’Fallon. Roll call vote: All voted yes.
9. New Business
A) Blake Harsey has requested his contributions be sent to SERS (ISP). Davis will follow up to provide
numbers to SERS.
B) There are no outstanding affidavits of beneficiaries at this time.
9. Application for Membership
10 Application for Benefits
11) Next meeting date: March 20th, 2018.
MOTION: Echols moved and Priddy seconded to adjourn the meeting. All present voted aye. Meeting adjourned.