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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighter's Pension Board Meeting 2:00 PM - Thursday, May 19, 2016 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES March 24, 2016 3. CORRESPONDENCE 4. MONTHLY STATEMENTS For March 31, 2016 & April 30, 2016 5. MONTHLY BILLS AND PENSION PAYMENTS For April 2016 & May 2016 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON March 24,2016 Denis Law, Mayor Don Persson, Finance Committee Chair-ABSENT Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, 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 3:00 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis Law, City Clerk Jason Seth, and Fire Department Representatives Ray Barilleaux and Bruce Phillips.lill Masunaga, Finance Department Representative, was also in attendance. MINUTES APPROVAL MOVED BY PHILLIPS, SECONDED BY BARILLEAUX,THE PENSION BOARD APPROVE THE MINUTES OF THE 1ANUARY 21, 2016 MEETING. CARRIED. MONTHLY STATEMENT The final December 2015, and the January& February 2016 financial reports were reviewed. Total cash/investment balance was, as of February 29, 2016, $5,267,787.87. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$16,581.61 FOR JANUARY 2016 AND$16,581.61 FOR FEBRUARY 2016 TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINESS None. NEW BUSINESS None. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD BE ADJOURNED. Time: 3:15 p.m. Jason Seth, City Clerk Secretary, Firefighters' Pension Board II_ _ -- --- ---- AGENDA ITEM #2. CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF MARCH 31, 2016 Fireman's Pension Fund Comparison of Cash and Investment Activity CURRENT 2016 2016 LAST YEAR 2014 2015 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE $5,267,787.87 $5,299,034.47 $4,935,310 $5,006,383.42 $5,040,981.49 $4,675,053 RECEIPTS: Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 146,358.02 143,000 Investment Interest 3,174.05 5,090.67 325,000 1,039.64 328,617.29 327,732 DISBURSEMENTS: Fire Pension 16,581.61 49,744.83 200,000 18,269.67 205,147.33 200,000 Fire Pension Medical 0.00 0.00 0 0.00 0.00 0 Office/Operating Supplies 0.00 0.00 475 0.00 0.00 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 11,775.00 10,000 ENDING CASH/INV BALANCE $5,254,380.31 $5,254,380.31 $5,202,835 $4,989,153.39 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $2,683,262.23 $2,696,664.22 $2,512,957.11 $2,531,185.17 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 599,278.13 599,278.13 Treasury Strips & Zero Coupon Bonds 1,709,638.98 1,709,638.98 1,868,831.88 1,868,831.88 Interest Receivable 8,623.47 8,629.04 8,086.27 7,088.24 TOTAL CASH AND INVESTMENTS $5,254,380.31 $5,267,787.87 $4,989,153.39 $5,006,383.42 The State Investment Pool interest 0.4488% 0.4201% 0.1579% 0.1349% 1 2 3 4 5 6 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 2016 2015 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Mar16 Page 1 5/6/2016 AGENDA ITEM #4. CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF APRIL 30, 2016 Fireman's Pension Fund Comparison of Cash and Investment Activity CURRENT 2016 2016 LAST YEAR 2014 2015 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE $5,254,380.31 $5,299,034.47 $4,935,310 $4,989,153.39 $5,040,981.49 $4,675,053 RECEIPTS: Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 146,358.02 143,000 Investment Interest 973.78 6,064.45 325,000 1,247.46 328,617.29 327,732 DISBURSEMENTS: Fire Pension 15,965.53 65,710.36 200,000 16,599.47 205,147.33 200,000 Fire Pension Medical 0.00 0.00 0 0.00 0.00 0 Office/Operating Supplies 0.00 0.00 475 0.00 0.00 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 11,775.00 10,000 ENDING CASH/INV BALANCE $5,239,388.56 $5,239,388.56 $5,202,835 $4,973,801.38 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $2,667,363.11 $2,683,262.23 $2,498,101.67 $2,512,957.11 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 599,278.13 599,278.13 Treasury Strips & Zero Coupon Bonds 1,709,638.98 1,709,638.98 1,868,831.88 1,868,831.88 Interest Receivable 9,530.84 8,623.47 7,589.70 8,086.27 TOTAL CASH AND INVESTMENTS $5,239,388.56 $5,254,380.31 $4,973,801.38 $4,989,153.39 The State Investment Pool interest 0.4288% 0.4488% 0.1430% 0.1579% 1 2 3 4 5 6 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 2016 2015 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Apr16 Page 1 5/13/2016 AGENDA ITEM #4. FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR APRIL, 2016 Recipient Pension Amt Medical Total *ANKENY, Charlie (Captain) $47.73 47.73 * BARILLEAUX, Ray (Battalion Chief)‐‐ *BERGMAN, Claudette (Widow) $95.09 95.09 *CHRISTENSON, Chuck (Firefighter) $199.21 199.21 * GEISSLER, Dick (Fire Chief)‐‐ * GOODWIN, Kathryn Lorayne (Widow) $1,036.01 1,036.01 HAWORTH, Constance (Widow) $3,315.95 3,315.95 *JONES, Evelyn M. (Widow) $197.86 197.86 *LARSON, William (Firefighter)‐‐ * LAVALLEY, Theodele (Captain) $298.82 298.82 * MATTHEW, James (Deputy Chief)‐‐ *MC LAUGHLIN, Barbara M. (Widow) $881.24 881.24 *NEWTON, Gary (Lieutenant) $212.22 212.22 *NICHOLS, Gerald (Battalion Chief) $393.42 393.42 *PARKS‐ANDREASON, Arlene (Widow) $275.97 275.97 * PHILLIPS, Bruce H. (Deputy Chief) $41.56 41.56 *PRINGLE, Arthur (Captain) $431.54 431.54 PRINGLE, S. Joan (Widow) $2,848.77 2,848.77 * RIGGLE, David E. (Firefighter D Step) $14.15 14.15 * RUPPRECHT, Jim (Firefighter D Step) $53.10 53.10 *SMITH, Leroy (Firefighter) $380.24 380.24 STROM, Doris (Widow) $3,636.56 3,636.56 * TODD, Tess R. (Widow) $446.96 446.96 *TONDA, Lila Jean (Widow)‐‐ * VACCA, Nick (Lieutenant) $259.71 259.71 * WALLS, Camille (Widow) $80.82 80.82 * WALLS, Mercedes (Widow)‐‐ * WEISS, Cheryl (Widow) $627.73 627.73 * WILLIAMS, Alta (Widow)‐‐ * WOOTEN, Marilyn E. (Widow) $190.87 190.87 Total Expenses: Pension/Medical $15,965.53 $0.00 $15,965.53 * Adjusted to reflect a 0.91% LEOFF cost of living increase effective April 1. Total Pension Payments for April, 2015 16,599.47 Total Medical Bills Reimbursed in April, 2015 0.00 Total Expenses: Medical/Pension 16,599.47 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 4/6/2016 AGENDA ITEM #5. FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR MAY, 2016 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $47.73 47.73 BARILLEAUX, Ray (Battalion Chief)‐‐ BERGMAN, Claudette (Widow) $95.09 95.09 CHRISTENSON, Chuck (Firefighter) $199.21 199.21 GEISSLER, Dick (Fire Chief)‐‐ GOODWIN, Kathryn Lorayne (Widow) $1,036.01 1,036.01 HAWORTH, Constance (Widow) $3,315.95 3,315.95 JONES, Evelyn M. (Widow) $197.86 197.86 LARSON, William (Firefighter)‐‐ LAVALLEY, Theodele (Captain) $298.82 298.82 MATTHEW, James (Deputy Chief)‐‐ MC LAUGHLIN, Barbara M. (Widow) $881.24 881.24 NEWTON, Gary (Lieutenant) $212.22 212.22 NICHOLS, Gerald (Battalion Chief) $393.42 393.42 PARKS‐ANDREASON, Arlene (Widow) $275.97 275.97 PHILLIPS, Bruce H. (Deputy Chief) $41.56 41.56 PRINGLE, Arthur (Captain) $431.54 431.54 PRINGLE, S. Joan (Widow) $2,848.77 2,848.77 RIGGLE, David E. (Firefighter D Step) $14.15 14.15 RUPPRECHT, Jim (Firefighter D Step) $53.10 53.10 SMITH, Leroy (Firefighter) $380.24 380.24 STROM, Doris (Widow) $3,636.56 3,636.56 TODD, Tess R. (Widow) $446.96 446.96 TONDA, Lila Jean (Widow)‐‐ VACCA, Nick (Lieutenant) $259.71 259.71 WALLS, Camille (Widow) $80.82 80.82 WALLS, Mercedes (Widow)‐‐ WEISS, Cheryl (Widow) $627.73 627.73 WILLIAMS, Alta (Widow)‐‐ WOOTEN, Marilyn E. (Widow) $190.87 190.87 Total Expenses: Pension/Medical $15,965.53 $0.00 $15,965.53 Total Pension Payments for May, 2015 16,599.47 Total Medical Bills Reimbursed in May, 2015 0.00 Total Expenses: Medical/Pension 16,599.47 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 5/6/2016 AGENDA ITEM #5.