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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, September 15, 2016 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) July 21, 2016 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) For July 31, 2016 & August 31, 2016 5. MONTHLY BILLS AND PENSION PAYMENTS a) For August, 2016 & September 2016 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON July 21,2016 Denis Law, Mayor-ABSENT 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 Fire Department Representative Ray Barilleaux at 2:06 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members City Clerk Jason Seth, Fire Department Representatives Ray Barilleaux and Bruce Phillips, and Finance Department Representative Jill Masunaga. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY SETH,THE PENSION BOARD APPROVE THE MINUTES OF THE MAY 19, 2016 MEETING. CARRIED. CORRESPONDENCE Memorandum from City Clerk Jason Seth was reviewed regarding the Cost of Living Increase for Widows payable July 1, 2016.The minimum 2% increase became effective July 1, 2016. MONTHLY STATEMENT The May 31 and June 30, 2016 financial reports were reviewed.Total cash/investment balance was, as of June 30, 2016, $5,357,352.19. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX,SECONDED BY SETH,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$15,965.53 FOR JUNE 2016 AND$18,394.14 FOR JULY 2016 TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINE55 None. NEW BUSINESS Jill Masunaga, Finance Department Representative, was asked to send out the annual identification verification notice. ADJOURNMENT MOVED BY PHILLIPS, SECONDED BY SETH,THE MEETING OF THE FIREFIGHTERS' PENSION BOARD BY ADJOURNED. CARRIED.TIME: 2:08 p.m. so eth, Cit Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JULY 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 $5,357,352.19 $5,299,034.47 $4,935,310 $5,088,838.22 $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 1,125.32 9,050.70 325,000 1,031.10 328,617.29 327,732 DISBURSEMENTS: Fire Pension 18,394.14 116,035.56 200,000 16,791.66 205,147.33 200,000 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 $5,340,083.37 $5,340,083.37 $5,202,835 $5,073,077.66 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $2,767,463.24 $2,785,384.12 $2,341,490.93 $2,358,260.72 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,709,638.98 1,709,638.98 1,868,831.88 1,868,831.88 Interest Receivable 10,125.52 9,473.46 9,899.22 8,889.99 TOTAL CASH AND INVESTMENTS $5,340,083.37 $5,357,352.19 $5,073,077.66 $5,088,838.22 The State Investment Pool interest 0.4895% 0.5113% 0.1447% 0.1688% 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\Jul16 Page 1 9/2/2016 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF AUGUST 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 $5,340,083.37 $5,299,034.47 $4,935,310 $5,073,077.66 $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 1,019.43 10,070.13 325,000 1,015.34 328,617.29 327,732 DISBURSEMENTS: Fire Pension 18,894.14 134,929.70 200,000 16,791.66 205,147.33 200,000 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 11,775.00 11,775.00 10,000 ENDING CASH/INV BALANCE $5,322,208.66 $5,322,208.66 $5,202,835 $5,045,526.34 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $2,748,919.68 $2,767,463.24 $2,313,618.62 $2,341,490.93 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,709,638.98 1,709,638.98 1,868,831.88 1,868,831.88 Interest Receivable 10,794.37 10,125.52 10,220.21 9,899.22 TOTAL CASH AND INVESTMENTS $5,322,208.66 $5,340,083.37 $5,045,526.34 $5,073,077.66 The State Investment Pool interest 0.4852% 0.4895% 0.1561% 0.1447% 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\Aug16 Page 1 9/6/2016 AGENDA ITEM #4. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR AUGUST, 2016 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $140.23 140.23 BARILLEAUX, Ray (Battalion Chief)‐‐ BERGMAN, Claudette (Widow) $163.09 163.09 CHRISTENSON, Chuck (Firefighter) $279.13 279.13 GEISSLER, Dick (Fire Chief)‐‐ GOODWIN, Kathryn Lorayne (Widow) $1,124.21 1,124.21 HAWORTH, Constance (Widow) $3,382.27 3,382.27 JONES, Evelyn M. (Widow) $270.36 270.36 LARSON, William (Firefighter)‐‐ LAVALLEY, Theodele (Captain) $391.32 391.32 MATTHEW, James (Deputy Chief)‐‐ MC LAUGHLIN, Barbara M. (Widow) $1,105.12 1,105.12 NEWTON, Gary (Lieutenant) $295.22 295.22 NICHOLS, Gerald (Battalion Chief) $586.42 586.42 PARKS‐ANDREASON, Arlene (Widow) $363.33 363.33 PHILLIPS, Bruce H. (Deputy Chief) $273.16 273.16 PRINGLE, Arthur (Captain) $525.04 525.04 PRINGLE, S. Joan (Widow) $2,905.75 2,905.75 RIGGLE, David E. (Firefighter D Step) $83.65 83.65 RUPPRECHT, Jim (Firefighter D Step) $122.60 122.60 *SMITH, Shirley (Widow 07/29/2016) $948.24 948.24 STROM, Doris (Widow) $3,709.29 3,709.29 TODD, Tess R. (Widow) $514.96 514.96 TONDA, Lila Jean (Widow)‐‐ VACCA, Nick (Lieutenant) $338.21 338.21 WALLS, Camille (Widow) $153.32 153.32 WALLS, Mercedes (Widow) $116.46 116.46 WEISS, Cheryl (Widow) $843.89 843.89 WILLIAMS, Alta (Widow)‐‐ WOOTEN, Marilyn E. (Widow) $258.87 258.87 Total Expenses: Pension/Medical $18,894.14 $0.00 $18,894.14 * Received funeral expenses of $500.00 per RCW 41.18.140. Total Pension Payments for August 2015 16,791.66 Total Medical Bills Reimbursed in August, 2015 0.00 Total Expenses: Medical/Pension 16,791.66 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 8/5/2016 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR SEPTEMBER, 2016 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $140.23 140.23 BARILLEAUX, Ray (Battalion Chief)‐‐ BERGMAN, Claudette (Widow) $163.09 163.09 CHRISTENSON, Chuck (Firefighter) $279.13 279.13 GEISSLER, Dick (Fire Chief)‐‐ GOODWIN, Kathryn Lorayne (Widow) $1,124.21 1,124.21 HAWORTH, Constance (Widow) $3,382.27 3,382.27 JONES, Evelyn M. (Widow) $270.36 270.36 LARSON, William (Firefighter)‐‐ LAVALLEY, Theodele (Captain) $391.32 391.32 MATTHEW, James (Deputy Chief)‐‐ MC LAUGHLIN, Barbara M. (Widow) $1,105.12 1,105.12 NEWTON, Gary (Lieutenant) $295.22 295.22 NICHOLS, Gerald (Battalion Chief) $586.42 586.42 PARKS‐ANDREASON, Arlene (Widow) $363.33 363.33 PHILLIPS, Bruce H. (Deputy Chief) $273.16 273.16 PRINGLE, Arthur (Captain) $525.04 525.04 PRINGLE, S. Joan (Widow) $2,905.75 2,905.75 * RIGGLE, Arduth S. (Widow 08/25/2016) $583.65 583.65 RUPPRECHT, Jim (Firefighter D Step) $122.60 122.60 SMITH, Shirley (Widow 07/29/2016) $448.24 448.24 STROM, Doris (Widow) $3,709.29 3,709.29 TODD, Tess R. (Widow) $514.96 514.96 TONDA, Lila Jean (Widow)‐‐ VACCA, Nick (Lieutenant) $338.21 338.21 WALLS, Camille (Widow) $153.32 153.32 WALLS, Mercedes (Widow) $116.46 116.46 WEISS, Cheryl (Widow) $843.89 843.89 WILLIAMS, Alta (Widow)‐‐ WOOTEN, Marilyn E. (Widow) $258.87 258.87 Total Expenses: Pension/Medical $18,894.14 $0.00 $18,894.14 * Received funeral expenses of $500.00 per RCW 41.18.140. Total Pension Payments for September 2015 16,791.66 Total Medical Bills Reimbursed in September, 2015 0.00 Total Expenses: Medical/Pension 16,791.66 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 9/2/2016 AGENDA ITEM #5. a)