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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Monday, November 28, 2016 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) September 15, 2016 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) For September 30, 2016 & October 31, 2016 5. MONTHLY BILLS AND PENSION PAYMENTS a) For October & November, 2016 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON September 15, 2016 Denis Law, Mayor Don Persson, Finance Committee Chair Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative-ABSENT Jill Masunaga, Finance Department Representative The regular meeting of the Firefighters' Pension Board was called to order by Mayor Denis Law at 2:02 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis Law, Finance Committee Chair pon Persson, City Clerk Jason Seth, Fire Department Representative Ray Barilleaux, and Finance Department Representative Jill Masunaga. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PERSSON,THE PENSION BOARD APPROVE THE MINUTES OF THE JULY 21, 2016 MEETING. CARRIED. CORRESPONDENCE N/A MONTHLY STATEMENT The July 31 and August 31, 2016 financial reports were reviewed.Total cash/investment balance was, as of August 31, 2016, $5,322,208.66. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PERSSON,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$18,894.14 FOR AUGUST 2016 AND$18,894.14 FOR SEPTEMBER 2016 TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINESS Mr. Barilleaux requested an update on the annual identification verification notice process. NEW BUSINESS N/A ADJOURNMENT MOVED BY BARILIEAUX, SECONDED BY PERSSON,THE MEETING OF THE FIREFIGHTERS' PENSION BOARD BY ADJOURNED. CARRIED.TIME: 2:11 p.m. son Seth, City C erk Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF SEPTEMBER 30, 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 $5,322,208.66 $5,299,034.47 $4,935,310 $5,045,526.34 $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 1,062.59 11,132.72 325,000 3,183.19 328,617.29 327,732 DISBURSEMENTS: Fire Pension 18,894.14 153,823.84 200,000 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 $5,304,377.11 $5,304,377.11 $5,202,835 $5,031,917.87 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $2,731,324.88 $2,748,919.68 $2,299,654.71 $2,313,618.62 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 10,557.62 10,794.37 10,575.65 10,220.21 TOTAL CASH AND INVESTMENTS $5,304,377.11 $5,322,208.66 $5,031,917.87 $5,045,526.34 The State Investment Pool interest 0.5168% 0.4852% 0.1764% 0.1561% 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\Sep16 Page 1 11/10/2016 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF OCTOBER 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 $5,304,377.11 $5,299,034.47 $4,935,310 $5,031,917.87 $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 3,400.28 14,533.00 325,000 822.67 328,617.29 327,732 DISBURSEMENTS: Fire Pension 18,135.27 171,959.11 200,000 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 $5,289,642.12 $5,289,642.12 $5,202,835 $5,015,948.88 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $2,716,323.40 $2,731,324.88 $2,284,438.54 $2,299,654.71 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 10,824.11 10,557.62 9,822.83 10,575.65 TOTAL CASH AND INVESTMENTS $5,289,642.12 $5,304,377.11 $5,015,948.88 $5,031,917.87 The State Investment Pool interest 0.4724% 0.5168% 0.1874% 0.1764% 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\Oct16 Page 1 11/10/2016 AGENDA ITEM #4. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER, 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) $83.65 83.65 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) (deceased 09/30/2016)‐‐ Total Expenses: Pension/Medical $18,135.27 $0.00 $18,135.27 Total Pension Payments for October 2015 16,791.66 Total Medical Bills Reimbursed in October, 2015 0.00 Total Expenses: Medical/Pension 16,791.66 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 10/18/2016 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR NOVEMBER, 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) $83.65 83.65 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) (deceased 09/30/2016)‐‐ Total Expenses: Pension/Medical $18,135.27 $0.00 $18,135.27 Total Pension Payments for November 2015 16,791.66 Total Medical Bills Reimbursed in November, 2015 0.00 Total Expenses: Medical/Pension 16,791.66 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 11/10/2016 AGENDA ITEM #5. a)