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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, May 17, 2012 2:00 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF APRIL 19, 2012 3. CORRESPONDENCE 4. MONTHLY STATEMENT TO APRIL 30, 2012 MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON April 19, 2012 Denis Law, Mayor Terri Briere, Council Finance Committee 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 2:30 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were Board members Denis Law, Ray Barilleaux, Bruce Phillips and Bonnie Walton. Also in attendance was Don Persson, Council and Finance Committee member, and Jill Masunaga, Finance Department Representative. MINUTES APPROVAL MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, THE PENSION BOARD APPROVE THE MINUTES OF THE MARCH 22, 2012 MEETING. CARRIED. CORRESPONDENCE The letter certifying to the state, for fire insurance premium distribution purposes, the number of firefighters employed in the City as of 12/31/2011 was reviewed. The reporting of 142 is an increase from last year's 130. MONTHLY STATEMENT The financial report for March 31, 2012, was reviewed. Total cash/investment balance was $4,309,607.31. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR APRIL 2012, IN THE TOTAL AMOUNT OF $18,343.89 TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. It was noted that the April payments include the adjustment to reflect a 3.17% LEOFF cost of living increase effective April 1st. NEW BUSINESS Mayor Law reported that Council Finance Committee member Don Persson will be filling Committee Chair Terri Briere's position as a member of the Firemen's Pension Board for the remainder of 2012. It was confirmed that the next Board meeting will be held on May 17, 2012 at 2:00 pm in the Mayor's Conference Room. ADJOURNMENT MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:39 p.m. Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board CITY OF RENTON PENSION FUND CASH & INVESTMENT ACTIVITY REPORT A - - A OF APRIL - 0 2012 Report will be distributed at the meeting on Thursday, May 17, 2012 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2012.xls\Apr12 draft Page 1 05/11/2012 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR MAY, 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) $3,027.70 3,027.70 HENRY, William, Jr. (Captain) deceased 04/25/2012 $500.00 500.00 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-ANDREASON, 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) $2,601.14 2,601.14 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) $3,320.44 3,320.44 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 $17,491.98 $0.00 $17,491.98'-' Received funeral expenses of $500.00 per RCW 41.18.140. Prior Year Pension/Medical Payments: Total Pension Payments for May, 2011 22,781.85 Total Medical Bills Reimbursed in May, 2011 0.00 Total Expenses: Medical/Pension 22,781.85 4_SUMMARY 2012ALS 05/08/2012 � � CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF APRIL 30, 2012 Fireman's Pension Fund Comparison of Cash and Investment Activitv 6 ■2012 ■2011 5 � �a 0 4 � � 0 c 3 0 � 2 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec =-=�'4�(W�i h &a�di i9��:-�G i��pa ry i < < ��4 ii�it�.` Ili i�I;i pi R` p 4 '�, ��ry��_�,iok !!µ,�'4� r� yii��I�i i� .;�, 4 „ �6 , ae��li�i4lr.,�llii�lli� h� ,��i 4,Fk� i�i��;�i,�iil i,i ��siw i, :_4 � �� 'i'Iili��ii��i(`� �-� i � �p �t��}'� ,ti �III^" �� ",��"ty 1 �;L=.�4- �"" �I�II�II��II�,��I�I��.�6h��i�('�i�I,��y 111 `��-x 7�"� ihi�i;ji ��'�W�c�S.;.�� illi p#�= ��9;��ii�'iii�� ""-��-��■1 y,82 4 �,a��6��. �_` .�..:sLhhrw�`�`�;u�� IY��.a : - t � �"�ai�liliiil��Nli��il�j�'ijilP�^I'��6��!*,r,� �n[��'��i "i r��.��ili�I�I r:��i P53 :_ �,tilfir ��i�i�i��1'X-�itl��-' ��`�^.��`�.��' ��jii�475.7�� i : BEGINNING CASH/INV BALANCE $4,309,607.31 $4,377,696.45 $4,377,696 $4,212,327.78 $4,286,248.18 $4,286,248 RECEIPTS: Fire insurance Premium Tax 0.00 0.00 100,000 0.00 115,054.06 100,000 Investment Interest 574.96 2,328.42 200,000 399.38 269,981.38 200,000 DISBURSEMENTS: Fire Pension 18,343.89 87,620.45 525,000 22,781.85 280,887.74 525,000 Fire Pension Medical 0.00 566.04 25,000 0.00 3,937.68 25,000 OfficelOperating Supplies 0.00 0.00 475 0.00 411.75 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 8,350.00 15,000 Reimb GenerallClerical&Acct 0.00 0.00 0 0.00 0.00 0 E1+�[3E�G;'�t`�v�` !!�'.��..�� =� ��'�.� , �ti��+�'�91,5�$��_,�r.:� �a�� ';� `�'� � ��'+�,'��9,�4�. :�"��4,377,C�`;�:,:'i��t�G� ,: �12�,773,: �-v-t;_ �9ii Y� � ,.;,l�;�r��"idI�y((i� tSl t'W"�'3�;'�.v N I PI :,,i i i i � -� i�6p„N��i i�tt��'7�i��Ny.'�r� �,i„'� �p��+�:-i: i'�r ��( I;Iu - . ��` i r.,�,2.,E. i"�lo�"'i f =pf.•,..: � ��Hi��Iih�I��'�' °;__ '�ri+.;�as,�i ( �-r;.«,,,z n. t�I I,I��Ii�yNi�,� _�� ;i il��ill4ili�"h�r�"'Y��.__ i r ��:�i�i I�i I��i t a,rvj '�3:. �i '. .,3r+��jr �.p�F,(�,'�!!I��m�p� uqp ��»�, �� ;:i "��irU��p�)ii �i�G i�, ;�i�;��a .-�i�,: �.xJ�iii il�i��I�, _ j'e'`�,��;I�iii�P�ii� p::,p�u r ^��N }�(�" ■� : ��ll��'"3°'1�'��IIi� . � .:�7i��4 I�::ikH.iill�`�"��Ii�li�ii��I�II�I�i�� ,�#,r"�k II "'r;,it��,,.�i` /�J��I��I�IIII��i .��F?TS��=�t�.a- 3'RE�S�' ��ii�i��' CASH/State lnvestment Pool $1,777,983.29 $1,796,326.84 $1,480,852.35 $1,503,739.70 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 7,398.17 6,823.55 3,439.02 2,934.14 � � - i 6ia��i le� r��y ,�}+y��y .r�. �rq i �i�i ��.��,� ,i� - '1��ti,��r' !mas, ��:�� G � b,, � (oi�,�`�K.#�s[a.34:J � �i��il�fl��p� Frk�i��` "��i� #��ra�t : �+��i: � p�t The State Investment Pool interest 0.14'79% 0.1367% 0.1718% 0.2338°/a H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2012.xIsWpr12 Page 1 05/15/2012