Phillip Chau

The Finance Committee meeting agenda includes a call to order and roll call. Key discussion items scheduled for review are a settlement agreement concerning Hilda Trevino versus Officer Nicholas Christopher and the Village of Bolingbrook, to be presented by Administrator Ken Teppel, and a Finance Update to be presented by Director Rosa Cojulun.

The meeting included several key actions and discussions. The Commission approved paying the fee for the Village Liaison to attend the December meeting at White Fence Farm. A motion was passed to donate $200.00 to Operation Christmas, with the Treasurer tasked to obtain the funds. The current status of the HPC's website was discussed, noting its availability on Bolingbrook.gov/Historic Preservation. There were plans to invite a local history expert, Mr. Michael Lambert, to speak at a future meeting, and the Chairperson agreed to contact the IT department regarding setting up museum hot spots. The Library Liaison announced an upcoming WWII workshop. No new business was brought forward.

The meeting commenced with the Pledge of Allegiance. Key discussions included an upcoming garden club meeting for spring plant sale planning, and the ongoing cataloging of Bolingbrook businesses using index cards, which will soon benefit from an index card scanner provided by the Bolingbrook IT department to expedite research. The Treasurer reported the current bank balance. The Library Liaison noted a temporary exhibit entitled "Reclaiming the Narrative" focusing on early black populations along the DuPage River and Joliet, and mentioned positive feedback received from U of I Education Professors regarding the library's one-room schoolhouse research resources. The winter reading program is nearing completion, with participants entered into a gift card drawing. New business confirmed that Memorial Day and Halloween events are scheduled for the year. Unfinished business confirmed the approval of plans for a butterfly garden in front of the museum, with spring planting scheduled near the flag pole.

Key discussions during the meeting included the approval of monthly financial reports for July and August 2025, showing total assets of over $93.9 million as of August 31, 2025. The Board ratified various invoices for administrative services, legal fees, and conference registration, and approved payments for a surety bond, IPPFA membership dues, and an AFFI conference. The Board increased the 2026 recurring monthly withdrawal instruction from the Fire Pension Investment Fund (FPIF) from $630,000.00 to $660,000.00. The Actuary's recommended valuation amount of $9,552,054.00 was approved, noting a funded ratio of 50.5% and an unfunded liability of $82,827,535. New business involved accepting the regular retirement applications for Fire Chief Jeffery LaJoie and Fire Lieutenant Anthony Peloso, accepting the line of duty disability pension calculation and retro benefit calculation for Steven Boyles, and approving a repayment schedule for pension contribution overpayments for FF/Paramedic Louis Oleszkiewicz, after which his disability application was dismissed. The 2026 meeting schedule was also approved.

Key discussions included the appointment of Deputy Fire Chief Brophy to the board following the retirement of the Fire Chief. The Treasurer's report was reviewed and approved, noting a received check for $217,806.61 and payments made for previous minutes and an EMS Mannequin Case. The Surety Bond renewal was approved. Old business updates covered progressing discussions on the Training Tower project, scheduled cancer screenings, and the purchase and placement in-service of GETAC Computers. New business involved updating the Request for Funding Policy and Form Instructions to set a submission deadline of 12:00 pm, 10 calendar days preceding the next regular meeting. The 2026 meeting schedule was also accepted.