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AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, April 6, 2017
Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) January 19, 2017
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) December 2016 Final Statement
b) January 2017 Statement
c) February 2017 Statement
5. MONTHLY BILLS AND PENSION PAYMENTS
a) February 2017
b) March 2017
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREFIGHTERS' PENSION BOARD
CITY OF RENTON
January 19,2017
Denis Law, Mayor
Don Persson, Finance Committee Chair
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
Bruce Phillips, Fire Department Representative
Chuck Christenson, Alternate Fire Department Representative
Jill Masunaga, Finance Department Representative
The regular meeting of the Firefighters' Pension Board was called to order by Mayor Denis Law
at 2:00 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board
members Mayor Denis Law, Finance Committee Representative Don Persson, City Clerk Jason
Seth, Fire Department Representative Ray Barilleaux, Fire Department Representative Bruce
Phillips, and Finance Department Representative Jill Masunaga.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS,THE PENSION BOARD APPROVE THE MINUTES
OF THE NOVEMBER 28, 2016 MEETING. CARRIED.
MONTHLY STATEMENT
The November 30 and draft December 31, 2016 financial reports were reviewed.Total
cash/investment balance was, as of December 31, 2016, $5,578,470.40.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY PHILLIPS, SECONDED BY BARILLEAUX,THE BOARD APPROVE THE PENSION/MEDICAL
PAYMENTS OF$18,135.27 FOR DECEMBER 2016 AND$20,669.28 FOR JANUARY 2017,TO BE
PAID BYTHE FIREFIGHTERS' PENSION FUND. CARRIED.
UNFINISHED BUSINE55
Ray Barilleaux was re-elected to serve as a Fire Department Representative for the term
1/1/2017 through 12/31/2018.
NEW BUSINESS
N/A
ADJOURNMENT
Mayor Law adjourned the meeting at 2:07 p.m.
r e G%''
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 DECEMBER 31, 2016
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2016 2016 LAST YEAR 2015 2015
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE $5,595,043.02 $5,299,034.47 $4,935,310 $5,314,730.70 $5,040,981.49 $4,675,053
RECEIPTS:
Fire Insurance Premium Tax 0.00 148,033.76 143,000 0.00 146,358.02 143,000
Investment Interest 1,562.65 339,631.82 325,000 885.38 328,617.29 327,732
DISBURSEMENTS:
Fire Pension 18,135.27 208,229.65 200,000 16,581.61 205,147.33 200,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 425.99 425.99 475 0.00 0.00 475
Actuarial/Firemen's Pens 0.00 0.00 0 0.00 11,775.00 10,000
ENDING CASH/INV BALANCE $5,578,044.41 $5,578,044.41 $5,202,835 $5,299,034.47 $5,299,034.47 $4,935,310
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $3,154,436.75 $3,172,400.54 $2,726,350.36 $2,742,154.49
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 9,713.55 8,748.37 10,189.50 10,081.60
TOTAL CASH AND INVESTMENTS $5,578,044.41 $5,595,043.02 $5,299,034.47 $5,314,730.70
The State Investment Pool interest 0.5075% 0.4672% 0.2532% 0.1677%
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Dec16 final Page 1 2/21/2017
AGENDA ITEM #4. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JANUARY 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 $5,578,044.41 $5,578,044.41 $5,202,835 $5,299,034.47 $5,299,034.47 $4,935,310
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 148,033.76 143,000
Investment Interest 1,700.02 1,700.02 325,000 924.42 339,631.82 325,000
DISBURSEMENTS:
Fire Pension 20,669.28 20,669.28 200,000 16,581.61 208,229.65 200,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 425.99 475
Actuarial/Firemen's Pens 0.00 0.00 0 0.00 0.00 0
ENDING CASH/INV BALANCE $5,559,075.15 $5,559,075.15 $5,470,360 $5,283,377.28 $5,578,044.41 $5,202,835
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $3,134,506.60 $3,154,436.75 $2,709,831.40 $2,726,350.36
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 10,674.44 9,713.55 11,051.27 10,189.50
TOTAL CASH AND INVESTMENTS $5,559,075.15 $5,578,044.41 $5,283,377.28 $5,299,034.47
The State Investment Pool interest 0.6303% 0.5075% 0.3872% 0.2532%
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Jan17 Page 1 2/21/2017
AGENDA ITEM #4. b)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF FEBRUARY 28, 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 $5,559,075.15 $5,578,044.41 $5,202,835 $5,283,377.28 $5,299,034.47 $4,935,310
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 148,033.76 143,000
Investment Interest 1,666.21 3,366.23 325,000 992.20 339,631.82 325,000
DISBURSEMENTS:
Fire Pension 20,669.28 41,338.56 200,000 16,581.61 208,229.65 200,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 425.99 475
Actuarial/Firemen's Pens 0.00 0.00 0 0.00 0.00 0
ENDING CASH/INV BALANCE $5,540,072.08 $5,540,072.08 $5,470,360 $5,267,787.87 $5,578,044.41 $5,202,835
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $3,114,697.23 $3,134,506.60 $2,696,664.22 $2,709,831.40
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 11,480.74 10,674.44 8,629.04 11,051.27
TOTAL CASH AND INVESTMENTS $5,540,072.08 $5,559,075.15 $5,267,787.87 $5,283,377.28
The State Investment Pool interest 0.6303% 0.6303% 0.4201% 0.3872%
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AGENDA ITEM #4. c)
FIREFIGHTERS' PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR FEBRUARY, 2017
Recipient Pension Amt Medical Total
ANKENY, Charlie (Captain) $257.73 257.73
BARILLEAUX, Ray (Battalion Chief)‐‐
BERGMAN, Claudette (Widow) $250.09 250.09
CHRISTENSON, Chuck (Firefighter) $380.65 380.65
GEISSLER, Dick (Fire Chief) $123.90 123.90
GOODWIN, Kathryn Lorayne (Widow) $1,236.41 1,236.41
HAWORTH, Constance (Widow) $3,382.27 3,382.27
JONES, Evelyn M. (Widow) $361.86 361.86
LARSON, William (Firefighter) $7.88 7.88
LAVALLEY, Theodele (Captain) $508.82 508.82
MATTHEW, James (Deputy Chief)‐‐
MC LAUGHLIN, Barbara M. (Widow) $1,262.30 1,262.30
NEWTON, Gary (Lieutenant) $399.72 399.72
NICHOLS, Gerald (Battalion Chief) $721.92 721.92
PARKS‐ANDREASON, Arlene (Widow) $474.09 474.09
PHILLIPS, Bruce H. (Deputy Chief) $435.76 435.76
PRINGLE, Arthur (Captain) $644.54 644.54
PRINGLE, S. Joan (Widow) $2,905.75 2,905.75
RIGGLE, Arduth S. (Widow) $172.15 172.15
RUPPRECHT, Jim (Firefighter D Step) $211.10 211.10
SMITH, Shirley (Widow) $535.24 535.24
STROM, Doris (Widow) $3,709.29 3,709.29
TODD, Tess R. (Widow) $601.96 601.96
TONDA, Lila Jean (Widow) $138.95 138.95
VACCA, Nick (Lieutenant) $438.21 438.21
WALLS, Camille (Widow) $244.82 244.82
WALLS, Mercedes (Widow) $268.22 268.22
WEISS, Cheryl (Widow) $995.65 995.65
Total Expenses: Pension/Medical $20,669.28 $0.00 $20,669.28
Total Pension Payments for February 2016 16,581.61
Total Medical Bills Reimbursed in February, 2016 0.00
Total Expenses: Medical/Pension 16,581.61
Prior Year Pension/Medical Payments:
4_SUMMARY 2017.xls 2/3/2017
AGENDA ITEM #5. a)
FIREFIGHTERS' PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR MARCH, 2017
Recipient Pension Amt Medical Total
ANKENY, Charlie (Captain) $257.73 257.73
BARILLEAUX, Ray (Battalion Chief)‐‐
BERGMAN, Claudette (Widow) $250.09 250.09
CHRISTENSON, Chuck (Firefighter) $380.65 380.65
GEISSLER, Dick (Fire Chief) $123.90 123.90
GOODWIN, Kathryn Lorayne (Widow) $1,236.41 1,236.41
HAWORTH, Constance (Widow) $3,382.27 3,382.27
JONES, Evelyn M. (Widow) $361.86 361.86
LARSON, William (Firefighter) $7.88 7.88
LAVALLEY, Theodele (Captain) $508.82 508.82
MATTHEW, James (Deputy Chief)‐‐
MC LAUGHLIN, Barbara M. (Widow) $1,262.30 1,262.30
NEWTON, Gary (Lieutenant) $399.72 399.72
NICHOLS, Gerald (Battalion Chief) $721.92 721.92
PARKS‐ANDREASON, Arlene (Widow) $474.09 474.09
PHILLIPS, Bruce H. (Deputy Chief) $435.76 435.76
PRINGLE, Arthur (Captain) $644.54 644.54
PRINGLE, S. Joan (Widow) $2,905.75 2,905.75
RIGGLE, Arduth S. (Widow) $172.15 172.15
RUPPRECHT, Jim (Firefighter D Step) $211.10 211.10
SMITH, Shirley (Widow) $535.24 535.24
STROM, Doris (Widow) $3,709.29 3,709.29
TODD, Tess R. (Widow) $601.96 601.96
TONDA, Lila Jean (Widow) $138.95 138.95
VACCA, Nick (Lieutenant) $438.21 438.21
WALLS, Camille (Widow) $244.82 244.82
WALLS, Mercedes (Widow) $268.22 268.22
WEISS, Cheryl (Widow) $995.65 995.65
Total Expenses: Pension/Medical $20,669.28 $0.00 $20,669.28
Total Pension Payments for March 2016 16,581.61
Total Medical Bills Reimbursed in March, 2016 0.00
Total Expenses: Medical/Pension 16,581.61
Prior Year Pension/Medical Payments:
4_SUMMARY 2017.xls 2/21/2017
AGENDA ITEM #5. b)