Monthly Financial Report For the Month Ended February 28, PDF Free Download

Monthly Financial Report For the Month Ended February 28, 218 Prepared By 668 N. RIVER ROAD NAPERVILLE, ILLINOIS 6563 PHONE 63.393.1483 FAX 63.393.2516 www.lauterbachamen.com

Mundelein Firefighters' Pension Fund Table of Contents Starting on Page Accountants' Compilation Report... 1-1 Financial Statements Statement of Net Position - Modified Cash Basis... 2-1 Statement of Changes in Net Position - Modified Cash Basis... 2-2 Other Supplementary Information Cash & Investments - Pie Chart... 3-1 Cash Analysis Report... 4-1 Cash Analysis Summary - Graph... 5-1 Revenue Report... 6-1 Expenses - Bar Chart... 7-1 Expense Report... 8-1 Member Contribution Report... 9-1 Payroll Batch Report... 1-1 Quarterly Vendor Check Report... 11-1

March 19, 218 Mundelein Firefighters' Pension Fund 1 N Midlothian Road Mundelein, IL 66 To Members of the Pension Board: Management is responsible for the accompanying statement of net position - modified cash basis of the Mundelein Firefighters' Pension Fund as of February 28, 218 and the related statement of changes in net position - modified cash basis for the ten months then ended and determining that the modified cash basis of accounting is an acceptable financial reporting framework. We have performed the compilation engagement in accordance with Statements for Standards and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants. We did not audit or review the accompanying financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on the financial statements. The financial statements are prepared in accordance with the modified cash basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of America. Management has elected to omit substantially all of the disclosures included in financial statements prepared in accordance with the modified cash basis of accounting. If the omitted disclosures were included in the financial statements and other supplementary information, they might influence the user's conclusions about the Pension Fund's assets, liabilities, net position, additions and deductions. Accordingly, these financial statements and other supplementary information are not designed for those who are not informed about such matters. Other Matter The other supplementary information is presented for purposes of additional analysis and is not a required part of the basic financial statements. This information is the representation of management. The information was subject to our compilation engagement. We have not audited or reviewed the other supplementary information nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on the other supplementary information. We are not independent with respect to the Mundelein Firefighters' Pension Fund. Cordially, Lauterbach & Amen, LLP 1-1

Mundelein Firefighters' Pension Fund Statement of Net Position - Modified Cash Basis As of February 28, 218 Assets Cash and Cash Equivalents $ 5,524.34 Investments at Fair Market Value Money Market Mutual Funds 517,393.52 Illinois Funds 13,734.4 Fixed Income 3,283,548.3 Mutual Funds 12,713,227.91 Pooled Investments 3,745,94.13 Total Cash and Investments 2,279,332.24 Accured Interest 26,974.79 Prepaids 7,465.4 Total Assets 2,313,772.43 Liabilities Expenses Due/Unpaid 1,462.51 Total Liabilities 1,462.51 Net Position Held in Trust for Pension Benefits 2,312,39.92 2-1

Mundelein Firefighters' Pension Fund Statement of Changes in Net Position - Modified Cash Basis For the Ten Months Ended February 28, 218 Additions Contributions - Municipal $ 616,296.75 Contributions - Members 188,185.74 Total Contributions 84,482.49 Investment Income Interest and Dividends Earned 67,247.77 Net Change in Fair Value 784,96.3 Total Investment Income 1,454,344.7 Less Investment Expense (35,73.55) Net Investment Income 1,419,27.52 Total Additions 2,223,753.1 Deductions Administration 3,512.8 Pension Benefits and Refunds Pension Benefits 814,817.53 Refunds 3,78.81 Total Deductions 849,111.14 Change in Position 1,374,641.87 Net Position Held in Trust for Pension Benefits Beginning of Year 18,937,668.5 End of Period 2,312,39.92 2-2

Mundelein Firefighters' Pension Fund Cash and Investments Cash & Cash Equivalents % Pooled Investments 18% Money Market Mutual Funds 3% Illinois Funds % Fixed Income 16% Mutual Funds 63% 3-1

Mundelein Firefighters' Pension Fund Cash Analysis Report For the Twelve Periods Ending February 28, 218 Financial Institutions 3/31/17 4/3/17 5/31/17 6/3/17 7/31/17 8/31/17 9/3/17 1/31/17 11/3/17 12/31/17 1/31/18 2/28/18 Harris Bank - CK #323-36-8 $ 524 524 524 524 524 524 524 524 524 524 524 5,524 524 524 524 524 524 524 524 524 524 524 524 5,524 MSSB - MM - McDonnell #91873 228,679 217,54 14,875 121,94 132,599 136,252 95,8 181,32 194,782 41,757 1,327 35,986 MSSB - MM - Active Assets #89498 166,464 98,28 339,595 577,685 521,524 472,637 683,871 627,54 554,164 487,492 41,85 338,895 US Bank - MM #98645 136,516 138,942 8,849 31,9 33,238 33,117 57,97 66,26 6,33 148,561 142,528 142,494 Northern Trust - MM #2655117 2 2 2 (911) 2 2 2 2 2 2 2 2 Illinois Funds - MM #16231162 73,543 73,59 13,622 13,631 13,643 13,654 13,666 13,678 13,691 13,75 13,72 13,734 65,222 528,336 466,961 744,29 71,24 655,68 851,264 888,476 822,96 691,535 667,4 531,129 Total 65,746 528,86 467,485 744,733 71,548 656,24 851,788 889, 823,484 692,59 667,924 536,653 Contributions Current Tax - - 16,869 299,823 5,321 13,66 27,949 4,84 4,786-139 - Contributions - Current Year 25,451 16,785 17,325 17,688 17,95 18,22 25,792 17,243 17,243 17,243 17,243 17,258 Contributions - Prior Year - - - - - - - - - - - 4,173 Interest Received from Members - - - - - - - - - - - 827 25,451 16,785 34,194 317,511 23,271 31,88 296,741 22,47 22,29 17,243 17,382 22,258 Expenses Pension Benefits 78,45 78,45 78,45 78,45 78,45 78,45 78,45 78,45 88,584 83,941 85,825 86,38 Refunds/Transfers of Service - - - - - - - - - - 3,781 - Administration 2,345 13,39 4,587 3,812 1,166 2,448 8,193 1,813 17,933 1,96 12,223 3,315 8,75 91,795 82,992 82,217 88,571 8,853 86,598 8,218 16,517 85,37 11,829 89,353 Total Contributions less Expenses (55,299) (75,1) (48,798) 235,294 (65,3) (49,45) 21,143 (58,171) (84,488) (67,794) (84,447) (67,95) 4-1

Mundelein Firefighters' Pension Fund Cash Analysis Summary $35, $3, $25, $2, $15, $1, $5, $ Cash & Money Market Balances* Total Contributions Benefit & Administrative Expenses *Cash & Money Market Balances omitted due to distorting effect on the Cash Analysis graph. 5-1

Mundelein Firefighters' Pension Fund Revenue Report as of February 28, 218 Received this Month Received this Year Contributions Contributions - Municipal 41-21- - Current Tax $.. 616,296.75 Contributions - Members 41-41- - Contributions - Current Year 1 17,257.89 183,185.74 41-42- - Contributions - Prior Year 1 4,172.73 4,172.73 41-44- - Interest Received from Members 1 827.27 827.27 22,257.89 188,185.74 Total Contributions 22,257.89 1 84,482.49 Investment Income Interest and Dividends 43-15-4 - MSSB - Money Market - Active Assets #89498 1 33.81 43-16-1 - Illinois Funds - Money Market #16231162 1 14.31 43-252-3 - MSSB - Fixed Income - McDonnell #91873 1 6,493.21 43-55-5 - US Bank - Mutual Funds #98645 1 115.27 8 6,656.6 Gains and Losses 44-252-3 - MSSB - Fixed Income - McDonnell #91873 1 (48,249.11) 44-55-5 - US Bank - Mutual Funds #98645 1 (482,283.57) 44-8-1 - NTGI - Pooled Investments #2655117 1 (29,853.7) 5 (56,385.75) Other Income 45-2- - Accrued Interest 1 2,46.49 3 2,46.49 243.22 143.69 87,291.15 584,474.28 672,152.34 (73,766.37) 854,629.54 3,233.13 784,96.3 (1,94.57) (1,94.57) Total Investment Income (551,268.66) 2 8 1,454,344.7 Total Revenue (529,1.77) 2,258,826.56 6-1

Mundelein Firefighters' Pension Fund Pension Benefits and Expenses 8, 7, 6, 5, 4, 3, 2, 1, Service Duty Disability Refund Administrative Expenses 719,22 95,597 3,781 65,586 7-1

Mundelein Firefighters' Pension Fund Expense Report as of February 28, 218 Expended Expended this Month this Year Pensions and Benefits 51-2- - Service Pensions $ 76,323.9 719,22.43 51-4- - Duty Disability Pensions 9,713.63 95,597.1 51-1- - Refund of Contributions. 3,78.81 Total Pensions and Benefits 86,37.53 818,598.34 Administrative Insurance 52-15-1 - Fiduciary Insurance. 6,77.. 6,77. Professional Services 52-17-1 - Actuarial Services. 4,75. 52-17-3 - Accounting & Bookkeeping Services 3,3. 13,43. 52-17-5 - Legal Services. 1,5. 3,3. 19,68. Investment 52-19-1 - Investment Manager/Advisor Fees. 32,775.1 52-19-2 - Custodial Fees 149.96 1,347.59 52-19-4 - Safe Deposit and Bank Fees. 95.95 149.96 35,73.55 Other Expense 52-29-25 - Conference/Seminar Fees 135. 135. 52-29-26 - Association Dues. 1,165. 52-29-34 - IDOI Filing Fee Expense. 3,455.8 135. 4,755.8 Total Administrative 3,314.96 65,586.35 Total Expenses 89,352.49 884,184.69 8-1

Mundelein Firefighters' Pension Fund Member Contribution Report As of Month Ended February 28, 218 Thru Current Prior Fiscal Fiscal Service Total Name Year Year Purchase Refunds Contributions Buhrmester, Daniel M. $ 26,11.6 6,48.33.. 32,158.39 Carey, Matthew S. 189,783. 9,522.45.. 199,35.45 Clark, Brett T. 16,155.7 5,67.99.. 21,826.6 Crispe, John M. 1,326.99 5,454.45.. 15,781.44 D'Incognito, Steven M. 55,197.95 7,626.64.. 62,824.59 Dippel, Michael J. 115,682.54 7,26.36.. 122,888.9 Englund, Clifton D. 54,242.63 7,26.36.. 61,448.99 Haag, Brian R.. 4,713.93.. 4,713.93 Huber, Scott P. 54,31.92 7,387.1.. 61,418.93 Jones, Brian C. 111,795.61 8,356.11.. 12,151.72 LaForme, Darryll J. 88,623.23 8,23.1.. 96,826.24 Lark, William F. 154,149.46 11,322.57.. 165,472.3 Lockwood, Jeremy J. 1,73.9 8,356.11.. 18,429.2 McGuire, Phillip B. 17,83.43 8,356.11.. 178,439.54 Miller, Kevin J. 115,652.54 7,26.36.. 122,858.9 Myers, David M. 14,42.54 7,26.36.. 111,248.9 Nasca, Michael R. 1,326.99 5,454.45.. 15,781.44 Peters, John W. 88,387.87 7,26.36.. 95,594.23 Rodewald, Kurt R. 83,414.49 7,26.36.. 9,62.85 Romberger, Brandton W. 126,691.18 9,365.49.. 136,56.67 Rubio, Gilbert A. 118,29.2 7,968.54 5,.. 13,997.74 Sashko, Brad T. 46,124.82 6,912.74.. 53,37.56 Starkey, Timothy A. 162,53.22 8,356.11.. 17,49.33 Stone, Jacqueline R. 68,352.49 7,26.36.. 75,558.85 2,69,33.32 179,519.56 5,.. 2,253,849.88 Inactive/Terminated Members Gaunky, Mark J. 146,589.28 3,666.18.. 15,255.46 Gould, Joshua D. 2,364.63... 2,364.63 Roman, Kurtis M. 3,78.81.. (3,78.81). Totals 2,222,65.4 183,185.74 5,. (3,78.81) 2,46,469.97 9-1

Mundelein Firefighters' Pension Fund Member Contribution Report As of Month Ended February 28, 218 Thru Current Prior Fiscal Fiscal Service Total Name Year Year Purchase Refunds Contributions Service Purchases 41-42- 41-44- 41-45- Prior Year Interest from Other Member Name - Type of Purchase Contributions Members Revenue Total Rubio, Gilbert A. - Reciprocity - Principal 4,172.73.. 4,172.73 Rubio, Gilbert A. - Reciprocity- Interest. 827.27. 827.27 Totals 4,172.73 827.27. 5,. 9-2

Batches 28956 Mundelein Firefighters' Pension Fund Multiple Batch Report Check Date 2/28/218 1 SSN Family ID Employee Name Alt Payee Name ACH Retro Check # Net Amount Member Gross Health Insurance Dental - Vision Insurance Medical - Benistar QILDRO Deduct Federal Tax Duty Disability ***-**523 1571 Bing, Ronald S. $5,828.26 $5,828.26 $. $. $. $. $. ***-**523 Subtotal: $5,828.26 $5,828.26 $. $. $. $. $. ***-**5141 1575 Greissinger, Gary S. $2,718.48 $3,885.37 $. $. $1,18. $. $148.89 ***-**5141 Subtotal: $2,718.48 $3,885.37 $. $. $1,18. $. $148.89 Duty Disability Subtotal: $8,546.74 $9,713.63 $. $. $1,18. $. $148.89 QILDRO ***-**6175 Q1578 Carew, Sharon J. $2,83.82 $2,26.74 $. $. $. $. $176.92 ***-**6175 Subtotal: $2,83.82 $2,26.74 $. $. $. $. $176.92 QILDRO Subtotal: $2,83.82 $2,26.74 $. $. $. $. $176.92 Service ***-**5972 1576 Adams, Craig F. $6,14.34 $9,167.61 $1,468. $117. $. $. $1,478.27 ***-**5972 Subtotal: $6,14.34 $9,167.61 $1,468. $117. $. $. $1,478.27 1-1

Batches 28956 Mundelein Firefighters' Pension Fund Multiple Batch Report Check Date 2/28/218 1 SSN Family ID Employee Name Alt Payee Name ACH Retro Check # Net Amount Member Gross Health Insurance Dental - Vision Insurance Medical - Benistar QILDRO Deduct Federal Tax ***-**1419 15699 Brown, David A. $3,886.85 $4,42. $. $. $. $. $533.15 ***-**1419 Subtotal: $3,886.85 $4,42. $. $. $. $. $533.15 ***-**99 1574 Carew, James E. $1,665.68 $4,521.49 $. $6. $59. $2,26.74 $26.7 ***-**99 Subtotal: $1,665.68 $4,521.49 $. $6. $59. $2,26.74 $26.7 ***-**7993 112532 Gaunky, Mark J. 112532 Payment to Mundelein Community Bank, Gaunky - $3,968.65 $5,535.68 $. $. $. $. $567.3 $1,. $. $. $. $. $. $. ***-**7993 Subtotal: $4,968.65 $5,535.68 $. $. $. $. $567.3 ***-**4758 1573 Grant, Ronald G. $6,199.51 $7,532.33 $. $. $. $. $1,332.82 ***-**4758 Subtotal: $6,199.51 $7,532.33 $. $. $. $. $1,332.82 ***-**791 157 Justus, Randy C. $9,41.2 $1,692.76 $. $. $. $. $1,651.74 ***-**791 Subtotal: $9,41.2 $1,692.76 $. $. $. $. $1,651.74 1-2

Batches 28956 Mundelein Firefighters' Pension Fund Multiple Batch Report Check Date 2/28/218 1 SSN Family ID Employee Name Alt Payee Name ACH Retro Check # Net Amount Member Gross Health Insurance Dental - Vision Insurance Medical - Benistar QILDRO Deduct Federal Tax ***-**7265 1577 Lawrence, Michael J. $5,254.47 $6,548.4 $. $. $. $. $1,293.57 ***-**7265 Subtotal: $5,254.47 $6,548.4 $. $. $. $. $1,293.57 ***-**693 19765 LoMastro, Carl M. $2,73.8 $5,46.37 $2,3. $172. $. $. $51.29 ***-**693 Subtotal: $2,73.8 $5,46.37 $2,3. $172. $. $. $51.29 ***-**4824 15698 McKinley, Kevin M. $5,675.21 $7,988.59 $1,468. $117. $. $. $728.38 ***-**4824 Subtotal: $5,675.21 $7,988.59 $1,468. $117. $. $. $728.38 ***-**2482 1572 Sorby, Kurt R. $6,491.53 $7,29.12 $. $. $. $. $717.59 ***-**2482 Subtotal: $6,491.53 $7,29.12 $. $. $. $. $717.59 ***-**781 11168 Yoder, Benjamin S. $5,859.93 $7,31.91 $679. $117. $. $. $645.98 ***-**781 Subtotal: $5,859.93 $7,31.91 $679. $117. $. $. $645.98 Service Subtotal: $57,85.27 $76,323.9 $5,645. $583. $59. $2,26.74 $9,475.89 1-3

Check Invoice Check Date Number Vendor Name Amount Amount 12/26/17 5215 US Bank Corp 52-19-2 Custodial/Trust Fee - 11/17 145.7 Check Amount 145.7 12/29/17 239 Benistar/UA-683 2-22- Benistar Insurance - 12/17 1,527. Check Amount 1,527. 12/29/17 231 North Suburban Employee 2-22- Dental/Vision Insurance - 12/17 583. Check Amount 583. 12/29/17 2311 North Suburban Employee Benefit 2-22- Medical Insurance - 12/17 5,645. Check Amount 5,645. 12/29/17 2312 Internal Revenue Service 2-23- Internal Revenue Service 11,315.28 ACH Amount (Direct Deposit) 11,315.28 12/29/17 5216 Northern Trust Corp 52-19-4 Monthly Fee - 12/17 95.95 Check Amount 95.95 1/16/18 5217 MSSB (McDonnell Investment) 52-19-1 1Q18 Investment Manager/Advisor Fee 1,65.54 Check Amount 1,65.54 1/25/18 5218 US Bank Corp 52-19-2 Custodial/Trust Fee - 12/17 129.9 Check Amount 129.9 1/3/18 2313 IPFA 52-29-26 #179 Association Dues 37. Check Amount 37. 1/3/18 2314 Lauterbach & Amen, LLP Mundelein Firefighters' Pension Fund Quarterly Vendor Check Report All Bank Accounts December 1, 217 - February 28, 218 52-17-3 #2396 8/17 Accounting Service 87. 52-17-3 #2396 8/17 Payroll Service 18. 52-17-3 #2493 1/17 Accounting Service 87. 52-17-3 #2493 1/17 Payroll Service 18. 52-17-3 #25783 11/17 Accounting Service 87. 52-17-3 #25783 11/17 Payroll Service 18. Check Amount 3,15. 11-1

Check Invoice Check Date Number Vendor Name Amount Amount 1/3/18 2315 Reimer, Dobrovolny & Karlson, LLC 52-17-5 C2695 F23187 Legal Service 25. 52-17-5 Previous Balance 75. Check Amount 1,. 1/3/18 5219 Graystone Consulting 1/31/18 2316 Benistar/UA-683 52-19-1 1Q18 Investment Manager/Advisor Fee 5,967.4 Check Amount 5,967.4 2-22- Benistar Insurance - 1/18 1,527. Check Amount 1,527. 1/31/18 2317 North Suburban Employee 2-22- Dental/Vision Insurance - 1/18 583. Check Amount 583. 1/31/18 2318 North Suburban Employee Benefit 2-22- Medical Insurance - 1/18 5,645. Check Amount 5,645. 1/31/18 2319 Internal Revenue Service 2-23- Internal Revenue Service 9,776.18 ACH Amount (Direct Deposit) 9,776.18 2/26/18 522 US Bank Corp 52-19-2 Custodial/Trust Fee - 1/18 149.96 Check Amount 149.96 2/27/18 232 Lauterbach & Amen, LLP 52-17-3 #2599 FYE17 IDOI Report 1,45. 52-17-3 #25391 FYE17 MCR 575. 52-17-3 #26155 12/17 Accounting Service 87. 52-17-3 #26155 12/17 Payroll Service 18. Check Amount 3,3. 2/27/18 2321 Michael Lawrence* 52-29-25 Reimburse IPFA 217 Registration 135. Check Amount 135. 2/28/18 2322 Benistar/UA-683 Mundelein Firefighters' Pension Fund Quarterly Vendor Check Report All Bank Accounts December 1, 217 - February 28, 218 2-22- Benistar Insurance - 2/18 1,527. Check Amount 1,527. 11-2

Check Invoice Check Date Number Vendor Name Amount Amount 2/28/18 2323 North Suburban Employee 2-22- Dental/Vision Insurance - 2/18 583. Check Amount 583. 2/28/18 2324 North Suburban Employee Benefit 2-22- Medical Insurance - 2/18 5,645. Check Amount 5,645. 2/28/18 2325 Internal Revenue Service Mundelein Firefighters' Pension Fund Quarterly Vendor Check Report All Bank Accounts December 1, 217 - February 28, 218 2-23- Internal Revenue Service 9,81.7 ACH Amount (Direct Deposit) 9,81.7 Total Payments 7,791.98 11-3

Monthly Financial Report For the Month Ended February 28, 2018