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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, November 16, 2017 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) September 21, 2017 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) September 2017 b) October 2017 - DRAFT 5. MONTHLY BILLS AND PENSION PAYMENTS a) October 2017 b) November 2017 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON September 21,2017 Denis Law, Mayor Don Persson, Finance Committee Chair—ABSENT lason Seth, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative—ABSENT Chuck Christenson,Alternate Fire Department Representative Sean Hollingsworth, Finance Representative The regular meeting of the Firefighters' Pension Board was called to order by Mayor Denis Law at 2:04 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis Law, City Clerk lason Seth, Fire Department Representative Ray Barilleaux, and Finance Department Representative Sean Hollingsworth. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY SETH,THE PENSION BOARD APPROVE THE MINUTES OF THE JULY 20, 2017 MEETING. CARRIED. MONTHLY STATEMENT The July 31, 2017 and August 31, 2017 financial reports were reviewed.Total cash/investment balance was, as of August 31, 2017, $5,601,475.37. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY SETH,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$15,287.12 FOR AUGUST 2017 AND$15,287.12 FOR SEPTEMBER 2017,TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. ADJOURNMENT MOVED BY SETH, SECONDED BY BARILEAUX,THE FIREFIGHTERS' PENSION BORARD ADJOURN. CARRIED.TIME: 2:09 P.M. i Jason Seth, City Clerk Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF SEPTEMBER 30, 2017 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2017 2017 LAST YEAR 2016 2016 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 5,601,475.37 5,578,044.41 5,202,834.91 5,322,208.66 5,299,034.47 4,935,309.91 RECEIPTS: Fire Insurance Premium Tax 0.00 150,950.76 143,000.00 0.00 148,033.76 143,000.00 Investment Interest 4,273.20 19,488.10 325,000.00 1,062.59 339,631.82 325,000.00 DISBURSEMENTS: Fire Pension 15,287.12 160,058.51 200,000.00 18,894.14 208,229.65 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 425.99 475.00 Actuarial/Firemen's Pens 0.00 0.00 0.00 0.00 0.00 0.00 ENDING CASH/INV BALANCE $5,590,461.45 $5,588,424.76 $5,470,360 $5,304,377.11 $5,578,044.41 $5,202,835 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,162,945.92 $3,174,782.99 $2,731,324.88 $2,748,919.68 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,561,038.48 1,561,038.48 1,709,638.98 1,709,638.98 Interest Receivable 13,621.42 12,798.27 10,557.62 10,794.37 TOTAL CASH AND INVESTMENTS $5,590,461.45 $5,601,475.37 $5,304,377.11 $5,322,208.66 The State Investment Pool interest 1.1297% 1.1101% 0.5168% 0.4852% 5.00 5.25 5.50 5.75 6.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mi l l i o n s o f D o l l a r s 2017 2016 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\September 17 Page 1 11/9/2017 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF OCTOBER 31, 2017 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2017 2017 LAST YEAR 2016 2016 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 5,590,461.45 5,578,044.41 5,202,834.91 5,304,377.11 5,299,034.47 4,935,309.91 RECEIPTS: Fire Insurance Premium Tax 0.00 150,950.76 143,000.00 0.00 148,033.76 143,000.00 Investment Interest 2,441.65 23,761.30 325,000.00 3,400.28 339,631.82 325,000.00 DISBURSEMENTS: Fire Pension 15,287.12 175,345.63 200,000.00 18,135.27 208,229.65 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 425.99 475.00 Actuarial/Firemen's Pens 0.00 0.00 0.00 0.00 0.00 0.00 ENDING CASH/INV BALANCE $5,577,615.98 $5,577,410.84 $5,470,360 $5,289,642.12 $5,578,044.41 $5,202,835 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,147,658.80 $3,162,945.92 $2,716,323.40 $2,731,324.88 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,561,038.48 1,561,038.48 1,709,638.98 1,709,638.98 Interest Receivable 16,063.07 13,621.42 10,824.11 10,557.62 TOTAL CASH AND INVESTMENTS $5,577,615.98 $5,590,461.45 $5,289,642.12 $5,304,377.11 The State Investment Pool interest 1.14%* 1.1297% 0.4724% 0.5168% 5.00 5.25 5.50 5.75 6.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mi l l i o n s o f D o l l a r s 2017 2016 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\October 17 Page 1 11/9/2017 AGENDA ITEM #4. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER 2017 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $153.63 153.63 BARILLEAUX, Ray (Battalion Chief)‐‐ BERGMAN, Claudette (Widow) $174.42 174.42 CHRISTENSON, Chuck (Firefighter) $294.28 294.28 GEISSLER, Dick (Fire Chief)‐‐ GOODWIN, Kathryn Lorayne (Widow) $1,159.41 1,159.41 JONES, Evelyn M. (Widow) $284.03 284.03 LARSON, William (Firefighter)‐‐ LAVALLEY, Theodele (Captain) $410.45 410.45 MATTHEW, James (Deputy Chief)‐‐ MC LAUGHLIN, Barbara M. (Widow) $1,143.87 1,143.87 NEWTON, Gary (Lieutenant) $310.61 310.61 NICHOLS, Gerald (Battalion Chief) $611.47 611.47 PARKS‐ANDREASON, Arlene (Widow) $381.11 381.11 PHILLIPS, Bruce H. (Deputy Chief) $293.41 293.41 PRINGLE, Arthur (Captain) $547.69 547.69 *PRINGLE, S. Joan (Widow) $2,969.68 2,969.68 RIGGLE, Arduth S. (Widow) $93.13 93.13 RUPPRECHT, Jim (Firefighter D Step) $132.97 132.97 SMITH, Shirley (Widow) $466.07 466.07 *STROM, Doris (Widow) $3,790.89 3,790.89 TODD, Tess R. (Widow) $534.31 534.31 TONDA, Lila Jean (Widow) $8.26 8.26 VACCA, Nick (Lieutenant) $354.69 354.69 WALLS, Camille (Widow) $164.32 164.32 WALLS, Mercedes (Widow) $132.20 132.20 WEISS, Cheryl (Widow) $876.22 876.22 Total Expenses: Pension/Medical $15,287.12 $0.00 $15,287.12 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 Total Pension Payments for October, 2016 18,135.27 Total Medical Bills Reimbursed in October, 2016 0.00 Total Expenses: Medical/Pension 18,135.27 Prior Year Pension/Medical Payments: 4_SUMMARY 2017 10/2/2017 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR NOVEMBER 2017 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $153.63 153.63 BARILLEAUX, Ray (Battalion Chief)‐‐ BERGMAN, Claudette (Widow) $174.42 174.42 CHRISTENSON, Chuck (Firefighter) $294.28 294.28 GEISSLER, Dick (Fire Chief)‐‐ GOODWIN, Kathryn Lorayne (Widow) $1,159.41 1,159.41 JONES, Evelyn M. (Widow) $284.03 284.03 LARSON, William (Firefighter)‐‐ LAVALLEY, Theodele (Captain) $410.45 410.45 MATTHEW, James (Deputy Chief)‐‐ MC LAUGHLIN, Barbara M. (Widow) $1,143.87 1,143.87 NEWTON, Gary (Lieutenant) $310.61 310.61 NICHOLS, Gerald (Battalion Chief) $611.47 611.47 PARKS‐ANDREASON, Arlene (Widow) $381.11 381.11 PHILLIPS, Bruce H. (Deputy Chief) $293.41 293.41 PRINGLE, Arthur (Captain) $547.69 547.69 *PRINGLE, S. Joan (Widow) $2,969.68 2,969.68 RIGGLE, Arduth S. (Widow) $93.13 93.13 RUPPRECHT, Jim (Firefighter D Step) $132.97 132.97 SMITH, Shirley (Widow) $466.07 466.07 *STROM, Doris (Widow) $3,790.89 3,790.89 TODD, Tess R. (Widow) $534.31 534.31 TONDA, Lila Jean (Widow) $8.26 8.26 VACCA, Nick (Lieutenant) $354.69 354.69 WALLS, Camille (Widow) $164.32 164.32 WALLS, Mercedes (Widow) $132.20 132.20 WEISS, Cheryl (Widow) $876.22 876.22 Total Expenses: Pension/Medical $15,287.12 $0.00 $15,287.12 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 Total Pension Payments for November, 2016 18,135.27 Total Medical Bills Reimbursed in November, 2016 0.00 Total Expenses: Medical/Pension 18,135.27 Prior Year Pension/Medical Payments: 4_SUMMARY 2017 11/1/2017 AGENDA ITEM #5. b)