Huntley Police Pension Board accepts financial report, approves $24,883.69 in disbursements and reviews IPOPIF performance
April 01, 2026 | Huntley City, McHenry County, Illinois
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At the July 24, 2025 meeting, Lauterbach & Amen presented the monthly financial report for the five-month period ending May 31, 2025. The board recorded a net position held in trust for pension benefits of $22,171,181.38, a change in position of $977,928.75 for the reported period.
The board reviewed cash analysis, revenue and expense reports, member contribution records and payroll journals. A motion by Trustee Michael Hewitt, seconded by Trustee Laura Mraz, accepted the monthly financial report and approved disbursements totaling $24,883.69; the motion carried by roll call vote (AYES: Hewitt, Lanute, Mraz, Haley; ABSENT: Heagney).
Board members also reviewed investment performance prepared by Verus Advisory, Inc. for IPOPIF showing a one-month total net return of 3.7% and State Street statements recording the Fund’s market value at $23,473,104.64 as of June 30, 2025 with a month-to-date net return of 3.07%.
The board reviewed the Cash Management Policy and determined no changes were necessary at this time. The board instructed Lauterbach & Amen to prepare Active Member File Maintenance letters for distribution to active members to request any outstanding pension file documents.
Attorney Jerry Marzullo provided updates on pending disability and medical-exam matters (Daniel Rowe and James Daley) and reported receipt of a QILDRO for John Huff that the board placed on file for execution upon retirement. No public comment was received at the meeting.
The board reviewed cash analysis, revenue and expense reports, member contribution records and payroll journals. A motion by Trustee Michael Hewitt, seconded by Trustee Laura Mraz, accepted the monthly financial report and approved disbursements totaling $24,883.69; the motion carried by roll call vote (AYES: Hewitt, Lanute, Mraz, Haley; ABSENT: Heagney).
Board members also reviewed investment performance prepared by Verus Advisory, Inc. for IPOPIF showing a one-month total net return of 3.7% and State Street statements recording the Fund’s market value at $23,473,104.64 as of June 30, 2025 with a month-to-date net return of 3.07%.
The board reviewed the Cash Management Policy and determined no changes were necessary at this time. The board instructed Lauterbach & Amen to prepare Active Member File Maintenance letters for distribution to active members to request any outstanding pension file documents.
Attorney Jerry Marzullo provided updates on pending disability and medical-exam matters (Daniel Rowe and James Daley) and reported receipt of a QILDRO for John Huff that the board placed on file for execution upon retirement. No public comment was received at the meeting.
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