HomeMy WebLinkAboutFinal Agenda PacketCITY OF RENTON
FIREFIGHTER'S PENSION BOARD
Regular Meeting
7th Floor-Mayor's Conference Room
Thursday, May 21, 2015
2:00 P.M.
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF MARCH 26, 2015
3. CORRESPONDENCE
4. MONTHLY STATEMENTS FOR MARCH 31 & APRIL 30, 2015
5. MONTHLY BILLS AND PENSION PAYMENTS
6. UNFINISHED BUSINESS
Update on Firefighters' Pension Survey
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREMEN'S PENSION BOARD
CITY OF RENTON
March 26, 2015
Denis Law, Mayor
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
Bruce Phillips, Fire Department Representative
The regular meeting of the Firemen's 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 Law, City Clerk Jason Seth, Ray Barilleaux and Bruce Phillips.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES
OF THE JANUARY 15, 2015 MEETING. CARRIED.
MONTHLY STATEMENT
The final financial reports of December 2014,January 201, and February 2015 were reviewed.
Total cash/investment balance was, as of October 31, 2014, $5,006,383.42.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS,THE BOARD APPROVE THE PENSION/MEDICAL
PAYMENTS OF$15,019.03 FOR February 2015 AND $15,019.03 FOR MARCH 2015 TO BE PAID BY
THE FIREMEN'S PENSION FUND. CARRIED.
UNFINISHED BUSINESS
Ray Barilleaux requested that Jill Masunago report on the preliminary results of the Firemen's
Pension Survey that was mailed out earlier this year.
NEW BUSINESS
The Fire & Emergency Services Department conducted an election and Ray Barilleaux was
elected to a new two-year term of office to the Firemen's Pension Board effective January 1,
2015 to December 31, 2016.
ADJOURNMENT
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION
BOARD BE ADJOURNED. CARRIED. Time: 2:07 p.m.
son Seth, City Clerk
Secretary, Firemen's Pension Board
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF MARCH 31, 2015
Fireman's Pension Fund Comparison of Cash and Investment Activity
6
2015 02014
5
N
10
c 4
D
w0
U) 3
0
2
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2015 2015 LAST YEAR 2014 2014
ACTIVITY:MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE $5,006,383.42 $5,040,981.49 $4,675,053 $4,760,435.79 $4,790,246.57 $4,615,528
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 142,705.88 100,000
Investment Interest 1,039.64 2,980.91 325,000 1,137.81 312,909.53 200,000
DISBURSEMENTS:
Fire Pension 18,269.67 54,809.01 200,000 15,019.03 204,405.49 225,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 475.00 475
Actuarial/Firemen's Pens 0.00 0.00 10,000 0.00 0.00 15,000
ENDING CASH/INV BALANCE $4,989,153.39 $4,989,153.39 $4,932,578 $4,746,554.57 $5,040,981.49 $4,675,053
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREY MO
CASH/State Investment Pool 2,512,957.11 $2,531,185.17 $2,600,748.83 $2,615,210.22
INVESTMENTS:
Federal National Mortgage Assn 599,278.13 599,278.13 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 1,868,831.88 1,868,831.88 2,038,263.18 2,038,263.18
Interest Receivable 8,086.27 7,088.24 7,986.72 7,406.55
TOTAL CASH AND INVESTMENTS 4,989,153.39 $5,006,383.42 $4,746,554.57 $4,760,435.79
The State Investment Pool interest 0.1579% 0.1349% 0.1138% 0.1051
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2015.xls\Marl5 Pagel 5/6/2015
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF APRIL 30, 2015
Fireman's Pension Fund Comparison of Cash and Investment Activity
6
02015 02014
5
m
0 4
0
0
CU)
3
o
2 a
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2015 2015 LAST YEAR 2014 2014
ACTIVITY:MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE $4,989,153.39 $5,040,981.49 $4,675,053 $4,746,554.57 $4,790,246.57 $4,615,528
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 142,705.88 100,000
Investment Interest 1,247.46 4,228.37 325,000 1,137.81 312,909.53 200,000
DISBURSEMENTS:
Fire Pension 16,599.47 71,408.48 200,000 15,019.03 204,405.49 225,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 475.00 475
Actuarial/Firemen's Pens 0.00 0.00 10,000 0.00 0.00 15,000
ENDING CASH/INV BALANCE $4,973,801.38 $4,973,801.38 $4,932,578 $4,732,673.35 $5,040,981.49 $4,675,053
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool 2,498,101.67 $2,512,957.11 $2,600,748.83 $2,600,748.83
INVESTMENTS:
Federal National Mortgage Assn 599,278.13 599,278.13 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 1,868,831.88 1,868,831.88 2,038,263.18 2,038,263.18
Interest Receivable 7,589.70 8,086.27 7,986.72 7,986.72
TOTAL CASH AND INVESTMENTS 4,973,801.38 $4,989,153.39 $4,746,554.57 $4,746,554.57
The State Investment Pool interest 0.1430% 0.1579"4, 0.1138% 0.11380/.
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2015.xls\Aprl5 draft Pagel 5/15/2015
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR APRIL, 2015
Recipient Pension Amt Medical Total
ANKENY, Charlie(Captain) 88.90 88.90
BARILLEAUX, Ray(Battalion Chief)
BEATTEAY, Karlen (Widow) 210.05 210.05
BERGMAN, Claudette(Widow) 125.02 125.02
CHRISTENSON, Chuck(Firefighter) 233.37 233.37
GEISSLER, Dick(Fire Chief)
GOODWIN, Kathryn Lorayne(Widow) 1,066.46 1,066.46
HAWORTH,Constance(Widow) 3,250.93 31250.93
JONES, Evelyn M. (Widow) 228.64 228.64
LARSON,William (Firefighter)
LAVALLEY,Theodele(Captain) 337.73 337.73
MATTHEW,James(Deputy Chief)
MC LAUGHLIN, Barbara M. (Widow) 928.08 928.08
NEWTON, Gary(Lieutenant)247.46 247.46
NICHOLS, Gerald (Battalion Chief) 437.10 437.10
PARKS-ANDREASON,Arlene(Widow) 209.18 209.18
PHILLIPS, Bruce H. (Deputy Chief) 97.86 97.86
PRINGLE,Arthur(Captain) 469.85 469.85
PRINGLE, S.Joan (Widow) 2,792.91 2,792.91
RIGGLE, David E. (Firefighter D Step)45.40 45.40
RUPPRECHT,Jim (Firefighter D Step)84.00 84.00
SMITH, Leroy(Firefighter) 407.60 407.60
STROM, Doris(Widow) 3,565.25 3,565.25
TODD,Tess R. (Widow) 473.72 473.72
TONDA, Lila Jean (Widow)
VACCA, Nick(Lieutenant) 292.75 292.75
WALLS, Camille(Widow) 112.66 112.66
WALLS, Mercedes(Widow)
WEISS, Cheryl (Widow) 674.97 674.97
WILLIAMS,Alta (Widow)
WOOTEN, Marilyn E. (Widow) 219.58 219.58
Total Expenses: Pension/Medical 16,599.47 0.00 16,599.47
Prior Year Pension/Medical Payments:
Total Pension Payments for April, 2014 14,169.23
Total Medical Bills Reimbursed in April, 2014 0.00
Total Expenses: Medical/Pension 14,169.23
4-SUMMARY 2015.xis 4/7/2015
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR MAY, 2015
Recipient Pension Amt Medical Total
ANKENY, Charlie(Captain) 88.90 88.90
BARILLEAUX, Ray(Battalion Chief)
BEATTEAY, Karlen (Widow) 210.05 210.05
BERGMAN, Claudette(Widow) 125.02 125.02
CHRISTENSON, Chuck(Firefighter) 233.37 233.37
GEISSLER, Dick(Fire Chief)
GOODWIN, Kathryn Lorayne(Widow) 1,066.46 1,066.46
HAWORTH, Constance(Widow) 3,250.93 3,250.93
JONES, Evelyn M. (Widow) 228.64 228.64
LARSON,William (Firefighter)
LAVALLEY,Theodele(Captain) 337.73 337.73
MATTHEW,James(Deputy Chief)
MC LAUGHLIN, Barbara M. (Widow) 928.08 928.08
NEWTON, Gary(Lieutenant)247.46 247.46
NICHOLS, Gerald (Battalion Chief) 437.10 437.10
PARKS-ANDREASON,Arlene(Widow) 209.18 209.18
PHILLIPS, Bruce H. (Deputy Chief) 97.86 97.86
PRINGLE,Arthur(Captain) 469.85 469.85
PRINGLE, S.Joan (Widow) 2,792.91 2,792.91
RIGGLE, David E. (Firefighter D Step) 45.40 45.40
RUPPRECHT,Jim (Firefighter D Step) 84.00 84.00
SMITH, Leroy(Firefighter) 407.60 407.60
STROM, Doris(Widow) 3,565.25 3,565.25
TODD,Tess R. (Widow) 473.72 473.72
TONDA, Lila Jean (Widow)
VACCA, Nick(Lieutenant) 292.75 292.75
WALLS, Camille(Widow) 112.66 112.66
WALLS, Mercedes(Widow)
WEISS,Cheryl (Widow) 674.97 674.97
WILLIAMS,Alta (Widow)
WOOTEN, Marilyn E. (Widow) 219.58 219.58
Total Expenses: Pension/Medical 16,599.47 0.00 16,599.47
Prior Year Pension/Medical Payments:
Total Pension Payments for May, 2014 14,169.23
Total Medical Bills Reimbursed in May, 2014 0.00
Total Expenses: Medical/Pension 14,169.23
4-SUMMARY 2015.xis 5/6/2015