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AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, September 22, 2022
Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
This meeting is being offered as a hybrid in-person/virtual meeting. The physical location is
the Council Conference Room, Rm 720, Seventh Floor, Renton City Hall, 1055 S Grady Way,
Renton 98057. Or join virtually by clicking the following link:
Join Zoom Meeting:
https://us02web.zoom.us/j/89998632051?pwd=b3FVV3NWWXUwMEtlQlp4enM1NlEzZz09
Meeting ID: 899 9863 2051 Passcode: 281667
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) July 21, 2022
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) July 2022
b) August 2022 - Draft
5. MONTHLY BILLS AND PENSION PAYMENTS
a) August 2022
b) September 2022
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
July 21, 2022
________________________________________________________________________
Armondo Pavone, Mayor
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
Chuck Christenson, Fire Department Representative Alternate
Sean Hollingsworth, Finance Representative
________________________________________________________________________
The regular meeting of the Firefighters’ Pension Board was called to order by Mayor Armondo
Pavone at 1:04 p.m. In attendance were Armondo Pavone, Mayor; City Clerk Jason Seth; and
Fire Department Representatives Ray Barilleaux and Chuck Christenson. Additionally, Sean
Hollingsworth, Finance Department Representative, attended virtually.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY PAVONE, THE PENSION BOARD APPROVE THE MINUTES
OF THE JULY 21, 2022 MEETING. CARRIED.
MONTHLY STATEMENT
The April 2022, May 2022, and June 2022 financial reports were reviewed. Total
cash/investment balance was, as of June 30, 2022, $8,456,430.64.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY PAVONE, THE BOARD APPROVE THE PENSION/MEDICAL
PAYMENTS OF $16,177.34 FOR APRIL 2022, AND $18,660.22 FOR JULY 2022, TO BE PAID BY THE
FIREFIGHTERS’ PENSION FUND. CARRIED.
ADJOURNMENT
Mayor Pavone adjourned the meeting at 1:12 p.m.
Jason Seth, MMC
City Clerk/Public Records Officer
Secretary, Firefighters’ Pension Board
AGENDA ITEM #2. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JULY 31, 2022
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2022 2022 LAST YEAR 2021 2021
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 8,456,430.64 8,371,183.05 8,082,836.54 8,149,752.76 7,908,311.54 7,908,312.00
RECEIPTS:
Fire Insurance Premium Tax 0.00 182,840.98 165,000.00 0.00 171,853.42 160,000.00
Investment Interest 6,321.16 23,059.11 125,000.00 2,129.61 530,397.79 225,000.00
DISBURSEMENTS:
Fire Pension 18,660.22 129,491.56 200,000.00 18,943.66 227,254.70 200,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00
Actuarial/Firemen's Pens 0.00 3,500.00 0.00 0.00 12,125.00 10,000.00
ENDING CASH/INV BALANCE $8,444,091.58 $8,444,091.58 $8,172,362 $8,132,938.71 $8,371,183.05 $8,082,837
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $7,835,146.75 $7,849,779.82 $7,426,853.38 $7,445,258.47
INVESTMENTS:
Federal National Mortgage Assn 0.00 0.00 0.00 0.00
Treasury Strips & Zero Coupon Bonds 600,333.41 600,333.41 698,844.16 698,844.16
Interest Receivable 8,611.42 6,317.41 7,241.17 5,650.13
TOTAL CASH AND INVESTMENTS $8,444,091.58 $8,456,430.64 $8,132,938.71 $8,149,752.76
The State Investment Pool interest 1.6132% 1.0112% 0.1783% 0.0753%
5.00
5.50
6.00
6.50
7.00
7.50
8.00
8.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2022 2021
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\July 22 Page 1 9/7/2022
AGENDA ITEM #4. a)