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Home My WebLink AboutSpecial Firefighters' Pension Board Meeting - Packet_20260122122025081.pdf AGENDA Special Firefighters' Pension Board Meeting 3:00 PM - Thursday, January 29, 2026 Council Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) November 20, 2025 3. CORRESOPNDENCE 4. MONTHLY STATEMENTS a) October 2025 b) November 2025 5. MONTHLY BILLS AND PENSION PAYMENTS a) December 2025 b) January 2026 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS’ PENSION BOARD CITY OF RENTON NOVEMBER 20, 2025 ________________________________________________________________________ Armondo Pavone, Mayor Ruth Pérez, Finance Committee Chair - absent Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative James Matthew, Fire Department Representative Chuck Christenson, Alternate Fire Department Representative Nate Malone, Finance Representative Duncan McKelvey, Finance Representative Kari Roller, Finance Administrator Alex Tuttle, Senior Assistant City Attorney ________________________________________________________________________ The regular meeting of the Firefighters’ Pension Board was called to order by Jason Seth, City Clerk and Secretary of the Board at 2:0 p.m. In attendance were Mayor Armondo Pavone; City Clerk Jason Seth; and Fire Department Representatives Jim Matthew, Ray Barilleaux, and alternate member Chuck Christenson. Additionally, Kari Roller and Duncan McKelvey, Finance Department Representatives, and Alex Tuttle, Legal Department were in attendance. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY MATTHEW, THE PENSION BOARD APPROVE THE MINUTES OF THE SEPTEMBER 18, 2025, MEETING. CARRIED. MONTHLY STATEMENT The AUGUST 2025 and SEPTEMBER 2025 financial reports were reviewed. Total cash/investment balance was, as of SEPTEMBER 30, 2025, $10,499,750.80. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY MATTHEW, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION PAYMENTS OF $22,882.32 FOR OCTOBER 2025, AND $22,882.32 FOR NOVEMBER 2025, TO BE PAID BY THE FIREFIGHTERS’ PENSION FUND. CARRIED. UNFINISHED BUSINESS City Clerk Seth noted that Jim Matthew had been elected to serve from 1/1/2026 – 12/31/2027. ADJOURNMENT MOVED BY MATTHEW, SECONDED BY BARILLEAUX, THE MEETING BE ADJOURNED. CARRIED. Time: 2:10 p.m. Jason Seth, MMC City Clerk/Public Records Officer Secretary, Firefighters’ Pension Board CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF OCTOBER 31, 2025 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2025 2025 LAST YEAR 2024 2024 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 10,499,750.80 9,636,751.56 9,636,751.56 9,316,150.83 9,253,302.21 9,253,302.21 RECEIPTS: Investment Interest 29,018.30 1,109,689.99 1,500,000.00 28,445.97 652,361.01 200,000.00 DISBURSEMENTS: Fire Pension 22,882.32 227,004.77 310,000.00 22,074.62 261,511.66 315,000.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 13,550.00 15,000.00 0.00 7,400.00 7,400.00 ENDING CASH/INV BALANCE $10,505,886.78 $10,505,886.78 $10,811,277 $9,322,522.18 $9,636,751.56 $9,130,427 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $10,455,425.68 $10,454,173.19 $8,854,288.99 $8,856,602.77 INVESTMENTS: Treasury Strips & Zero Coupon Bonds 0.00 0.00 429,683.86 429,683.86 Interest Receivable 50,461.10 45,577.61 38,549.33 29,864.20 TOTAL CASH AND INVESTMENTS $10,505,886.78 $10,499,750.80 $9,322,522.18 $9,316,150.83 The State Investment Pool interest 4.1659% 4.2906% 4.9335% 5.2278% 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mi l l i o n s o f D o l l a r s 2025 2024 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Oct 25 Page 1 1/21/2026 CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF NOVEMBER 30, 2025 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2025 2025 LAST YEAR 2024 2024 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 10,505,886.78 9,636,751.56 9,636,751.56 9,322,522.18 9,253,302.21 9,253,302.21 RECEIPTS: Investment Interest 32,863.77 1,142,553.76 1,500,000.00 328,586.38 652,361.01 200,000.00 DISBURSEMENTS: Fire Pension 22,882.32 249,887.09 310,000.00 22,074.62 261,511.66 315,000.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 13,550.00 15,000.00 0.00 7,400.00 7,400.00 ENDING CASH/INV BALANCE $10,515,868.23 $10,515,868.23 $10,811,277 $9,629,033.94 $9,636,751.56 $9,130,427 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $10,463,084.21 $10,455,425.68 $9,230,565.33 $8,854,288.99 INVESTMENTS: Treasury Strips & Zero Coupon Bonds 0.00 0.00 356,701.36 429,683.86 Interest Receivable 52,784.02 50,461.10 41,767.25 38,549.33 TOTAL CASH AND INVESTMENTS $10,515,868.23 $10,505,886.78 $9,629,033.94 $9,322,522.18 The State Investment Pool interest 4.0095% 4.1659% 4.7266% 4.9335% 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mi l l i o n s o f D o l l a r s 2025 2024 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Nov 25 Page 1 1/21/2026