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Home My WebLink AboutFinal Agenda PacketRegular Meeting 7th Floor -Mayor's Conference Room Thursday, January 16, 2014 2:00 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF NOVEMBER 21, 2013 3. CORRESPONDENCE 4. MONTHLY STATEMENTS FOR NOV 30 & DEC 31, 2013 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS Board Member Election Results - Dec 2013 8. ADJOURNMENT CITY OF November 21, 2013 Denis Law, Mayor Terri Briere, Council Finance Committee Chair (Substitute: Don Persson, Council Finance Committee Vice -Chair) Bonnie Walton, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christensen, Fire Department Alternate The regular meeting of the Firemen's Pension Board was called to order by Mayor Denis Law at 1:58 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Don Persson, Ray Barilleaux and Bruce Phillips. Also in attendance: Jill Masunago, Finance Department Representative and Jason Seth, Deputy City Clerk and acting Board Secretary. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES OF THE SEPTEMBER 19, 2013 MEETING. CARRIED. MONTHLY STATEMENT The final financial report as of October 31, 2013 was reviewed. Total cash/investment balance was $4,527,485.14. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY PHILLIPS, SECONDED BY PERSSON, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF $15,770.11 FOR OCTOBER AND $15,270.11 FOR NOVEMBER 2013, TO BE PAID BY THE FIREMEN'S PENSION FUND. CARRIED. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY LAW, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:02 p.m. r� t ,.. J son Seth, Deputy City Clerk `Acting Secretary, Firemen's Pension Board 0 0 4 0 0 c 3 0 W, E CITY OF • PENSION CASH & INVESTMENT ACTIVITY REPORT OF • 1 2013 Fireman's Pension Fund Comparison of Cash and Investment Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec BEGINNING CASH/INV BALANCE $4,527,485.14 $4,556,003.05 RECEIPTS: Fire Insurance Premium Tax 0.00 128,865.67 Investment Interest 293,220.40 298,239.11 DISBURSEMENTS: 200,000 225,000 Fire Pension 15,270.11 173,672.40 Fire Pension Medical 0.00 0.00 Office/Operating Supplies 475.00 475.00 Actuarial/Firemen's Pens 0.00 4,000.00 CASH/State Investment Pool INVESTMENTS: Federal National Mortgage Assn Treasury Strips & Zero Coupon Bonds Interest Receivable $4,556,003 $4,311,264.76 $4,377,696.45 $4,377,696 100,000 0.00 119,667.72 100,000 200,000 279,086.99 285,038.37 200,000 225,000 17,233.61 225,506.07 525,000 0 0.00 566.04 25,000 475 327.38 327.38 475 15,000 0.00 0.00 0 $2,661,457.38 $2,205,184.64 $2,251,108.46 $1,799,744.95 99,555.84 99,555.84 99,555.84 99,555.84 2,038,263.18 2,217,524.06 2,217,524.06 2,406,901.08 5,684.03 5,220.60 4,602.40 5,062.89 The State Investment Pool interest 0.1161% 0.1259% 0.1792% 0.1777% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2013.xls\Nov13 Page 1 1/10/2014 CITTOF - , - FIREMEO. ,, CASH & INVESTMENT ACTIVITY REPORT ,V? -Aft A -- AOF DECEMBER 2013 0 5 12 d w `0 4 0 0 c 3 0 2 0 Fireman's Pension Fund Comparison of Cash and Investment Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec BEGINNING CASH/INV BALANCE $4,804,960.43 $4,556,003.05 $4,556,003 $4,572,790.76 $4,377,696.45 RECEIPTS: $2,646,210.58 $2,661,457.38 $2,235,765.25 $2,251,108.46 INVESTMENTS: Fire Insurance Premium Tax 0.00 128,865.67 100,000 0.00 119,667.72 Investment Interest 556.25 298,795.36 200,000 445.90 285,038.37 DISBURSEMENTS: 2,217,524.06 Interest Receivable 6,216.97 5,684.03 3,157.90 Fire Pension 15,270.11 188,942.51 225,000 17,233.61 225,506.07 Fire Pension Medical 0.00 0.00 0 0.00 566.04 Office/Operating Supplies 0.00 475.00 475 0.00 327.38 Actuarial/Firemen's Pens 0.00 4,000.00 15,000 0.00 0.00 $4,377,696 100,000 200,000 525,000 25,000 475 0 CASH/State Investment Pool $2,646,210.58 $2,661,457.38 $2,235,765.25 $2,251,108.46 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips & Zero Coupon Bonds 2,038,263.18 2,038,263.18 2,217,524.06 2,217,524.06 Interest Receivable 6,216.97 5,684.03 3,157.90 4,602.40 The State Investment Pool interest 0.1276% 0.1161% 0.2350% 0.1792% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2013.xls\Dec13 draft Page 1 1/10/2014 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR DECEMBER, 2013 Rec➢pient Pension Amt` Medical Toth! ANKENY, Charlie (Captain) - - BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $134.08 134.08 BERGMAN, Claudette (Widow) $53.19 53.19 CHRISTENSON, Chuck (Firefighter) $146.88, 146.88 GEISSLER, Dick (Fire Chief) - - GOODWIN, Kathryn Lorayne (Widow) $946.20 946.20 HAWORTH, Constance (Widow) $3,187.19 3,187.19 HURST, Gerald (Firefighter) $461.64 461.64 JONES, Evelyn M. (Widow) $150.19 150.19 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $235.75 235.75 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, Barbara M. (Widow) $871.81 871.81 NEWTON, Gary (Lieutenant) $158.09 158.09 NICHOLS, Gerald (Battalion Chief) $399.75 399.75 PARKS -AN DREASON, Arlene (Widow) $116.20 116.20 PHILLIPS, Bruce H. (Deputy Chief) $66.17 66.17 PRINGLE, Arthur (Captain) $362.34 362.34 PRINGLE, S. Joan (Widow) $2,738.15 2,738.15 RIGGLE, David E. (Firefighter D Step) - - RUPPRECHT, Jim (Firefighter D Step) $12.46 12.46 SMITH, Leroy (Firefighter) $327.07 327.07 STROM, Doris (Widow) $3,495.34 3,495.34 TODD, Franklin (Firefighter) $391.16 391.16 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $205.42 205.42 WALLS, Camille (Widow) $37.78 37.78 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $627.44 627.44 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $145.81 145.81 Total Expenses: Pension/Medical $15,27Q.11 $0.00 $15;270.11: Prior Year Pension/Medical Payments: Total Pension Payments for December, 2012 17,233.61 Total Medical Bills Reimbursed in December, 2012 0.00 Total Expenses: Medical/Pension 17,233.61 4 -SUMMARY 2013.XLS 12/5/2013 ** FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JANUARY, 2014 Recipient PensiomAmt Medical Total ANKENY, Charlie (Captain) - - BARILLEAUX, Ray (Battalion Chief) - BEATTEAY, Karlen (Widow) $134.08 134.08 BERGMAN, Claudette (Widow) $53.19 53.19 CHRISTENSON, Chuck (Firefighter) $146.88 0 146.88 GEISSLER, Dick (Fire Chief) - - GOODWIN, Kathryn Lorayne (Widow) $946.20 946.20 HAWORTH, Constance (Widow) $3,187.419 3,187.19 HURST, Gerald (Firefighter) $500.00 500.00 JONES, Evelyn M. (Widow) $150.19 150.19 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $235.75 235.75 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, Barbara M. (Widow) $926.33 926.33 NEWTON, Gary (Lieutenant) $158.09 158.09 NICHOLS, Gerald (Battalion Chief) $446.75 446.75 PARKS-ANDREASON, Arlene (Widow) $116.20 116.20 PHILLIPS, Bruce H. (Deputy Chief) $122.57 122.57 PRINGLE, Arthur (Captain) $362.34 362.34 PRINGLE, S. Joan (Widow) $2,738.15 2,738.15 RIGGLE, David E. (Firefighter D Step) - - RUPPRECHT, Jim (Firefighter D Step) $12.46 12.46 SMITH, Leroy (Firefighter) $327.07 327.07 STROM, Doris (Widow) $3,495.34 3,495.34 TODD, Tess R. (Widow) $891.16 891.16 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $205.42 205.42 WALLS, Camille (Widow) $37.78 37.78 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $680.08 680.08 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $145.81 145.81 Total Expenses: Pension/Medical $16,019;03 $0.00 $16,019,03 * Received funeral expenses of $500.00 per RCW 41.18.140. ** Includes a 1.0% cost of living increase effective January 1 per union contract. Prior Year Pension/Medical Payments: Total Pension Payments for January, 2013 17,233.61 Total Medical Bills Reimbursed in January, 2013 0.00 Total Expenses: Medical/Pension 17,233.61 4_SUMMARY 2014.xls 1/6/2014