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Home My WebLink AboutFinal Agenda PacketCITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room Thursday, January 17, 2013 2:00P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF NOVEMBER 15, 2012 3. CORRESPONDENCE Memo-Firemen's Pension Board Voting Results 4. MONTHLY STATEMENTS FOR 30, AND OCTOBER 31, 2012 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 2013 Meeting Schedule 8. ADJOURNMENT Denis Law, Mayor MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON November 15, 2012 Terri Briere, Council Finance Committee Chair (Substitute: Don Persson, Council Finance Committee Member) Bonnie Walton, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christensen, Fire Department Alternate The regular meeting ofthe Firemen's Pension Board was called to order by Mayor Denis Law at 2:00p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were Board members Ray Barilleaux, Bruce Phillips, and Bonnie Walton. Also present was Jill Masunaga, Finance Department Representative. MINUTES APPROVAl MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, THE PENSION BOARD APPROVE THE MINUTES OF THE SEPTEMBER 20, 2012 MEETING. CARRIED. MONTHlY STATEMENT The financial report for September 30, 2012 was reviewed. Total cash/investment balance was $4,328,064.43. The financial report for October 31, 2012 was also reviewed. Total cash/investment balance was $4,311,264.76. MONTHlY BillS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR OCTOBER 2012, IN THE TOTAL AMOUNT OF $17,233.61 AND FOR NOVEMBER 2012, IN THE TOTAL AMOUNT OF $17,233.61, BOTH TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. CORRESPONDENCE A memo from the Board Secretary reviewed reminding Fire Chief Mark Peterson that the two-year term of Ray Barilleaux will expire December 31, 2012, and that an election amongst the firefighters must be held to fill the position. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:03p.m. Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board Next Meeting: 3'd Thursday in January 2013 DATE: TO: FROM: SUBJECT: EXECUTIVE DEPARTMENT M E M 0 R A N D U M Office of the City Clerk November 9, 2012 Mark Peterson, Fire & Emergency Services Chief Bonnie Walton, City Clerk and Firemen's Pension Board member/Secretary, x6502 Firemen's Pension Board Term Expiration The two-year term of office for Ray Barilleaux as a member of the Firemen's Pension Board expires on December 31, 2012. An election among the firefighters must be held so that the position may be filled accordingly. Retired members are eligible both to elect and be elected to serve on the board. Following the election, please report back to me in writing (by December 14, 2012, if possible) the name of the firefighter elected to serve on the board for a two-year term from January 1, 2013 to December 31, 2014. Thank you for your assistance. I can be .reached at x6502 if you need additional information. cc: Bill Flora, Deputy Fire Chief Firemen's Pension Board Members CITY OF RENTON -FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF NOVEMBER 30, 2012 Fireman's Pension Fund Comparison of Cash and Investment Activity EJ2012 11112011 5 +---------------------------------------------------------------------~ Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec • .. ·. . . · CURRENT 2012 2012 LASTYEA~··.· . 2011··.·· . .: 2011 . . ACTIVITY: ... ·. ·.· MONTH· .. YTD BUDGET .. : CURRMO ACTUAL ... ·.· ADllBUPGET BEGINNING CASH/INV BALANCE $4,311,264.76 $4,377,696.45 $4,377,696 $4,161 ,026.89 $4,286,248.18 $4,286,248 RECEIPTS: Fire Insurance Premium Tax 0.00 119,667.72 100,000 0.00 115,054.06 100,000 Investment Interest 279,086.99 284,592.47 200,000 263,389.91 269,981.38 200,000 DISBURSEMENTS: Fire Pension 17,233.61 208,272.46 525,000 22,957.33 280,887.74 525,000 Fire Pension Medical 0.00 566.04 25,000 410.21 3,937.68 25,000 Office/Operating Supplies 327.38 627.38 475 0.00 411.75 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 8,350.00 15,000 ENDING CASHliNV BALANCE $4,572,790.76 $4,572,490:76 • $4,127,221 . ·. $4;401 ,049.26 : $4,377,696.45 ... $4,020,773 :.··· . : CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: · .. · .. ·. .. MONTH MONTH cl.JRRMO ·· .PREVMO CASH/State Investment Pool $2,251 '1 08.46 $1,799,744.95 $1 ,889,292.92 $1,450,414.60 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips & Zero Coupon Bonds 2,217,524.06 2,406,901.08 2,406,901.08 2,606,098.10 Interest Receivable 4,602.40 5,062.89 5,299.42 4,958.36 TOTAL CASH AND INVESTMENTS $4,572,790.76 $4,311,264.76 $4.401 ,049:26 $4,161,026.90 The State Investment Pool interest 0.1792% 0.1777% 0.1480% 0.1127% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2012.xls\Nov12 Page 1 01/04/2013 CITY OF RENTON -FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF DECEMBER 31,2012 Report will be distributed at the meeting in March 2013 H:\FINANCE\FINPLAN\FI REP EN\ 1_Fire_Pension_2012.xls\Dec12 draft Page 1 01/11/2013 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR DECEMBER, 2012 Recipient· Pension. Amt Medical ANKENY, Charlie (Captain) $103.20 BARILLEAUX, Ray (Battalion Chief) - BEATIEAY, Karlen (Widow) $212.94 BERGMAN, Claudette (Widow) $132.15 CHRISTENSON, Chuck (Firefighter) $237.01 GEISSLER, Dick (Fire Chief) - GOODWIN, Charles (Captain) deceased 01/08/2012 - GOODWIN, Kathryn Lorayne (Widow) $1,026.55 HAWORTH, Constance (Widow) $3,109.45 HENRY, William, Jr. (Captain) deceased 04/25/2012 - HURST, Gerald (Firefighter) $536.68 JONES, Evelyn M. (Widow) $231.41 LARSON, William (Firefighter) - LAVALLEY, Theodele (Captain) $338.41 MATIHEW, James (Deputy Chief) - MCLAUGHLIN, JACK (Battalion Chief) $995.39 NEWTON, Gary (Lieutenant) $251.08 NICHOLS, Gerald (Battalion Chief) $515.00 PARKS-ANDREASON, Arlene (Widow) $313.60 PHILLIPS, Bruce H. (Deputy Chief) $214.72 PRINGLE, Arthur (Captain) $463.41 PRINGLE, S. Joan (Widow) $2,671.37 RIGGLE, David E. (Firefighter D Step) $57.50 RUPPRECHT, Jim (Firefighter D Step) $93.99 SMITH, Leroy (Firefighter) $399.25 STROM, Doris (Widow) $3,410.09 TODD, Franklin (Firefighter) $461.75 TONDA, Lila Jean (Widow) - VACCA, Nick (Lieutenant) $292.58 WALLS, Camille (Widow) $121.78 WALLS, Mercedes (Widow) $70.69 WEISS, Cheryl (Widow) $752.07 WILLIAMS, Alta (Widow) - WOOTEN, Marilyn E. (Widow) $221.54 Total Expenses: Pension/Medical $17,233.61 Prior Year Pension/Medical Payments: Total Pension Payments for December, 2011 Total Medical Bills Reimbursed in December, 2011 Total Expenses: Medical/Pension 4_SUMMARY 2012XLS $0.00 Total ···· 103.20 - 212.94 132.15 237.01 - - 1,026.55 3,109.45 - 536.68 231.41 - 338.41 - 995.39 251.08 515.00 313.60 214.72 463.41 2,671.37 57.50 93.99 399.25 3,410.09 461.75 - 292.58 121.78 70.69 752.07 - 221.54 $17,233.61 22,457.33 367.03 22,824.36 01/11/2013 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JANUARY, 2013 Recipient PensionAmt Medical ·. ANKENY, Charlie (Captain) $103.20 BARILLEAUX, Ray (Battalion Chief) - BEATIEAY, Karlen (Widow) $212.94 BERGMAN, Claudette (Widow) $132.15 CHRISTENSON, Chuck (Firefighter) $237.01 GEISSLER, Dick (Fire Chief) - GOODWIN, Kathryn Lorayne (Widow) $1,026.55 HAWORTH, Constance (Widow) $3,109.45 HURST, Gerald (Firefighter) $536.68 JONES, Evelyn M. (Widow) $231.41 LARSON, William (Firefighter) - LAVALLEY, Theodele (Captain) $338.41 MATIHEW, James (Deputy Chief) - MCLAUGHLIN, JACK (Battalion Chief) $995.39 NEWTON, Gary (Lieutenant) $251.08 NICHOLS, Gerald (Battalion Chief) $515.00 PARKS-ANDREASON, Arlene (Widow) $313.60 PHILLIPS, Bruce H. (Deputy Chief) $214.72 PRINGLE, Arthur (Captain) $463.41 PRINGLE, S. Joan (Widow) $2,671.37 RIGGLE, David E. (Firefighter D Step) $57.50 RUPPRECHT, Jim (Firefighter D Step) $93.99 SMITH, Leroy (Firefighter) $399.25 STROM, Doris (Widow) $3,410.09 TODD, Franklin (Firefighter) $461.75 TONDA, Lila Jean (Widow) - VACCA, Nick (Lieutenant) $292.58 WALLS, Camille (Widow) $121.78 WALLS, Mercedes (Widow) $70.69 WEISS, Cheryl (Widow) $752.07 WILLIAMS, Alta (Widow) - WOOTEN, Marilyn E. (Widow) $221.54 Total Expenses: Pension/Medical· ... $17,233.61 Prior Year Pension/Medical Payments: Total Pension Payments for January, 2012 Total Medical Bills Reimbursed in January, 2012 Total Expenses: Medical/Pension 4_SUMMARY 2013.XLS $o.op·· Total 103.20 - 212.94 132.15 237.01 - 1,026.55 3,109.45 536.68 231.41 - 338.41 - 995.39 251.08 515.00 313.60 214.72 463.41 2,671.37 57.50 93.99 399.25 3,410.09 461.75 - 292.58 121.78 70.69 752.07 - 221.54 .. · .. · .. $17,233;61 26,345.52 531.47 26,876.99 01/04/2013