Hollidaysburg

Pennsylvania

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Act 44 Disclosure 2010

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Document Overview

This is a "Disclosure of Information for Professional Service Provider" form submitted in 2010 to the Hollidaysburg Borough’s Municipal Pension System. The professional service provider is Select Financial Group.

The form complies with Act 44 of 2009, which requires annual disclosure from entities providing professional services to municipal pension systems. Responses are directed to Mr. Mark Schroyer, Borough Manager.

Section 1: Definitions

Defines key terms per Section 701-A of Act 44 of 2009:

  • Affiliated Entity: Subsidiaries, tax-exempt organizations (501(c)), or entities established by lobbyists.
  • Contractor: Person/entity with a professional services contract with the pension system.
  • Contributions: Defined under Pennsylvania Election Code (P.L. 1333, No. 320).
  • Executive Level Employee: Employees who can influence pension-related decisions or implement policies.
  • Political Committee: As defined in the Pennsylvania Election Code.
  • Professional Services Contract: Contracts for investment, legal, real estate, or consulting services not subject to lowest-bid requirements.

Section 2: Municipal Officials

Lists individuals considered pension system officials/employees for disclosure purposes:

Elected Officials

  • Joe Dodson – Mayor
  • John Stultz – Borough Council President
  • Joseph Pompa – Borough Council Vice-President
  • Harold Burkett, Amy Webster-Sill, John Brenner, Timothy Branick, Michael McClanahan – Council Members

Appointed Officials or Employees

  • Mark G Schroyer – Borough Manager / CAO, Non-Uniform Plan / CAO, Police Plan
  • James E Gehret – Finance Director, Police Pension Committee Member

Pension Committee(s)

  • Mark Lingafelt – Police Officer, Police Pension Committee Member
  • Thomas O’Leary (Retired Police Officer) – Police Pension Committee Member

Section 3: Individuals Providing Professional Services and Affiliated Entities

A. Individuals providing services:

  • John P. Abriola → Investment Advisors
  • William E. Baker

B. Affiliated Entity:

  • Select Financial Group, LLC

Section 4: Disclosure Questions

All responses marked “No” (indicated by X in the “No” column):

Regarding Individuals Providing Services:

  1. Current/former municipal officials or employees? → No
  2. Registered federal/state lobbyist? → No
  3. Made contributions to municipal officials/candidates in past two years? → No

Regarding Firm and Affiliated Entities:

  1. Made contributions meeting criteria (within 5 years, ≥$500, by officer/director/owner ≥5%, to candidate/political committee)? → No
  2. Given gifts to municipal pension system officials/employees? → No
  3. Employed third-party intermediary, agent, or lobbyist? → No 4a. Direct financial/commercial/business relationship with municipal pension system official? → No
    (Note: 4b not applicable since 4a was “No”)
  4. Any additional potential/actual conflicts of interest? → No

Signature and Date

  • Authorized Signature: [Handwritten signature]
  • Date: 8-5-10 (August 5, 2010)

Key Takeaways for Residents

  • Select Financial Group is contracted to provide professional services (likely investment advisory) to the Hollidaysburg Borough Municipal Pension System.
  • No conflicts of interest, lobbying activities, or political contributions were disclosed by the firm or its personnel.
  • The form was signed and dated August 5, 2010, indicating timely compliance with Act 44 of 2009.
  • All municipal officials involved in the pension system are clearly listed for transparency.
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