HomeMy WebLinkAboutFinal Agenda PacketCITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
7th Floor -Mayor's Conference Room
Thursday, August 16, 2012
2:00 P.M.
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF JULY 23, 2012
3. CORRESPONDENCE
4. MONTHLY STATEMENT TO JULY 31, 2012
MONTHLY BILLS AND PENSION PAYMENTS
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREMEN'S PENSION BOARD
CITY OF RENTON
July 23, 2012
Denis Law, Mayor
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 of the Firemen's Pension Board was called to order by Mayor Denis Law at
2:09 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were
Board members Denis Law, Don Persson, Bonnie Walton and Chuck Christensen (alternate).
MINUTES APPROVAL
MOVED BY PERSSON, SECONDED BY CHRISTENSEN, THE PENSION BOARD APPROVE THE
MINUTES OF THE JUNE 21, 2012 MEETING. CARRIED.
CORRESPONDENCE
A memorandum and cost -of -living report submitted by the Board Secretary was reviewed.
MOVED BY WALTON, SECONDED BY CHRISTENSEN THE PENSION BOARD APPROVE A 2.7% COST
OF LIVING INCREASE FOR WIDOWS EFFECTIVE JULY 1, 2012. CARRIED.
MONTHLY STATEMENT
The financial report for June 30, 2012, was reviewed. Total cash/investment balance was
$4,377,577.03.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY PERSSON, SECONDED BY CHRISTENSEN, THE BOARD APPROVE THE
PENSION/MEDICAL PAYMENTS FOR JULY 2012, IN THE TOTAL AMOUNT OF $17,233.61 TO BE
PAID FROM THE FIREMEN'S PENSION FUND. CARRIED.
ADJOURNMENT
MOVED BY PERSSON, SECONDED BY CHRISTENSEN, THE MEETING OF THE FIREMEN'S PENSION
BOARD BE ADJOURNED. CARRIED. Time: 2:13 p.m.
Bonnie I. Walton, City Clerk
Member and Secretary, Firemen's Pension Board
CASH & INVESTMENT ACTIVITY REPORT
AS OF JULY 31, 2012 1
Report will be distributed at the meeting on Thursday, August 16, 2012
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2012.xls\JuI12 draft Page 1 08/09/2012
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR AUGUST, 2012
Recipient
Pension Amt
Medical
Total
ANKENY, Charlie (Captain)
$103.20
103.20
BARILLEAUX, Ray (Battalion Chief)
-
-
BEATTEAY, Karlen (Widow)
$212.94
212.94
BERGMAN, Claudette (Widow)
$132.15
132.15
CHRISTENSON, Chuck (Firefighter)
$237.01
237.01
GEISSLER, Dick (Fire Chief)
GOODWIN, Charles (Captain) deceased 01/08/2012
-
-
GOODWIN, Kathryn Lorayne (Widow)
$1,026.55
1,026.55
HAWORTH, Constance (Widow)
$3,109.45
3,109.45
HENRY, William, Jr. (Captain) deceased 04/25/2012
-
-
HURST, Gerald (Firefighter)
$536.68
536.68
JONES, Evelyn M. (Widow)
$231.41
231.41
LARSON, William (Firefighter)
-
_
LAVALLEY, Theodele (Captain)
$338.41
338.41
MATTHEW, James (Deputy Chief)
-
-
MC LAUGHLIN, JACK (Battalion Chief)
$995.39
995.39
NEWTON, Gary (Lieutenant)
$251.08
251.08
NICHOLS, Gerald (Battalion Chief)
$515.00
515.00
PARKS -AN DREASON, Arlene (Widow)
$313.60
313.60
PHILLIPS, Bruce H. (Deputy Chief)
$214.72
214.72
PRINGLE, Arthur (Captain)
$463.41
463.41
PRINGLE, S. Joan (Widow)
$2,671.37
2,671.37
RIGGLE, David E. (Firefighter D Step)
$57.50
57.50
RUPPRECHT, Jim (Firefighter D Step)
$93.99
93.99
SMITH, Leroy (Firefighter)
$399.25
399.25
STROM, Doris (Widow)
$3,410.09
3,410.09
TODD, Franklin (Firefighter)
$461.75
461.75
TONDA, Lila Jean (Widow)
-
-
VACCA, Nick (Lieutenant)
$292.58
292.58
WALLS, Camille (Widow)
$121.78
121.78
WALLS, Mercedes (Widow)
$70.69
70.69
WEISS, Cheryl (Widow)
$752.07
752.07
WILLIAMS, Alta (Widow)
-
-
WOOTEN, Marilyn E. (Widow)
$221.54
221.54
Total Expenses: Pension/Medical
$17,233,61
L $0.00 1
:61 '.
Prior Year Pension/Medical Payments:
Total Pension Payments for August, 2011 22,957.33
Total Medical Bills Reimbursed in August, 2011 0.00
Total Expenses: Medical/Pension 22,957.33
4_SUMMARY 2012ALS 08/09/2012
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CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JULY 31, 2012
Fireman's Pension Fund Comaarison of Cash and Investment Activitv
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BEGINNING CASH/INV BALANCE $4,378,110.22 $4,377,696.45 $4,377,696 $4,260,417.02 $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' 0.00 3,416.50 200,000 917.58 269,981.38 200,000
DISBURSEMENTS:
Fire Pension 17,233.61 139,338.02 525,000 22,957.33 280,887.74 525,000
Fire Pension Medical 0.00 566.04 25,000 1,259.44 3,937.68 25,000
Office/Operating Supplies 0.00 0.00 475 0.00 411.75 475
Actuarial/Firemen's Pens 0.00 0.00 0 0.00 8,350.00 15,000
�lN�1� ��;�ik . ��;����1NG�{t.,�t��,r��R�6b£� �'!,�r'. ,�������,61 ' �$4�"����� t' ; $4�23Z����3' �4,377fi�9�,�k,��i�'�'I' � ���J2(}��3''
Note: 'Investment interest not posted,month end not finalized.
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CASH/State Investment Pool $1,848,664.28 $1,865,897.89 $1,527,084.64 $1,550,963.25
INVESTMENTS:
Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 2,406,901.08 2,406,901.08 2,606,098.10 2,606,098.10
Interest Receivable 5,755.41 5,755.41 4,379.25 3,799.83
�'4'k'AL:�i�SFt�iNDINU�S ,; �' �� i �`LL ���,i��� '� � �+�. �I,876.61 '' �4,3?8z"11D.22!:'° "$4,��7;117,�#3���;�4,�6tI417.Q,2;
The State Investment Pool interest 0.1764% 0.1746% 0.1561% 0.1583%
H:\FINAPICE\FINPLAN\FIREPEN\1_Fire_Pension_2012.x1s\Ju112 rpt-not closed P2ge 1 08/16/2012