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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, May 17, 2018 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) March 15, 2018 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) March 2018 b) April 2018 5. MONTHLY BILLS AND PENSION PAYMENTS a) April 2018 b) May 2018 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON March 15,2018 Denis Law, Mayor-ABSENT Don Persson, Finance Committee Chair-ABSENT Jason Seth,City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christenson, Alternate Fire Department Representative Sean Hollingsworth, Finance Representative The regular meeting of the Firefighters' Pension Board was called to order by Fire Department Representative Ray Barilleaux at 2:03 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members City Clerk Jason Seth, Fire Department Representative Ray Barilleaux and Bruce Phillips, and Finance Department Representative Sean Hollingsworth. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PHILLIPS,THE PENSION BOARD APPROVE THE MINUTES OF THE JANUARY 18, 2018 MEETING. CARRIED. MONTHLY STATEMENT The January 31, 2018 and draft February 28, 2018 financial reports were reviewed.Total cash/investment balance was, as of January 31, 2018, $5,816,135.35. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX,SECONDED BY PHILLIPS,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$18,675.70 FOR JANUARY 2018 AND$17,180.99 FOR MARCH 2018,TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. NEW BUSINESS Mr. Hollingsworth mentioned he was gathering data for the upcoming actuarial. ADJOURNMENT MOVED BY SETH, SECONDED BY PHILLIPS,THE FIREFIGHTERS' PENSION BOARD ADJOURN. CARRIED.TIME: 2:14 P.M. r 4: 17z5- Jason Seth,City Clerk Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF MARCH 31, 2018 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2018 2018 LAST YEAR 2017 2017 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 5,800,312.91 5,833,141.99 5,835,570.00 5,540,072.08 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 0.00 0.00 143,000.00 0.00 150,950.76 143,000.00 Investment Interest 5,409.28 11,134.39 325,000.00 3,938.54 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 17,180.99 55,489.89 200,000.00 20,669.28 239,653.11 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 245.29 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 0.00 0.00 0.00 12,200.00 0.00 ENDING CASH/INV BALANCE $5,788,541.20 $5,788,541.20 $6,103,095 $5,523,341.34 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,499,449.81 $3,511,734.31 $3,097,023.05 $3,114,697.23 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,422,683.08 1,422,683.08 1,561,038.48 1,561,038.48 Interest Receivable 13,552.68 13,039.89 12,424.18 11,480.74 TOTAL CASH AND INVESTMENTS $5,788,541.20 $5,800,312.91 $5,523,341.34 $5,540,072.08 The State Investment Pool interest 1.5755% 1.4731% 0.7007% 0.6303% 5.00 5.25 5.50 5.75 6.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2018 2017 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\March 18 Page 1 5/3/2018 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF APRIL 30, 2018 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2018 2018 LAST YEAR 2017 2017 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 5,788,541.20 5,833,141.99 5,835,570.00 5,523,341.34 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 0.00 0.00 143,000.00 0.00 150,950.76 143,000.00 Investment Interest 3,341.86 14,476.25 325,000.00 1,860.41 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 14,299.61 69,789.50 200,000.00 18,523.86 239,653.11 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 245.29 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 0.00 0.00 0.00 12,200.00 0.00 ENDING CASH/INV BALANCE $5,777,583.45 $5,777,583.45 $6,103,095 $5,506,677.89 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,487,478.57 $3,499,449.81 $3,079,419.93 $3,097,023.05 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,422,683.08 1,422,683.08 1,561,038.48 1,561,038.48 Interest Receivable 14,566.17 13,552.68 13,363.85 12,424.18 TOTAL CASH AND INVESTMENTS $5,777,583.45 $5,788,541.20 $5,506,677.89 $5,523,341.34 The State Investment Pool interest 1.7149% 1.5755% 0.8283% 0.7007% 5.00 5.25 5.50 5.75 6.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2018 2017 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\April 18 Page 1 5/14/2018 AGENDA ITEM #4. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR APRIL 2018 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $119.09 ‐ $119.09 BARILLEAUX, Ray (Battalion Chief)‐‐ $0.00 * BERGMAN, Claudette (Widow) $112.52 ‐ $112.52 CHRISTENSON, Chuck (Firefighter) $269.87 ‐ $269.87 GEISSLER, Dick (Fire Chief)‐‐ $0.00 * GOODWIN, Kathryn Lorayne (Widow) $1,098.35 ‐ $1,098.35 * JONES, Evelyn M. (Widow) $339.31 ‐ $339.31 LARSON, William (Firefighter)‐‐ $0.00 LAVALLEY, Theodele (Captain) $384.44 ‐ $384.44 MATTHEW, James (Deputy Chief)‐‐ $0.00 *MC LAUGHLIN, Barbara M. (Widow) $872.46 ‐ $872.46 NEWTON, Gary (Lieutenant) $285.90 ‐ $285.90 NICHOLS, Gerald (Battalion Chief) $585.98 ‐ $585.98 PARKS‐ANDREASON, Arlene (Widow) $356.51 ‐ $356.51 PHILLIPS, Bruce H. (Deputy Chief) $248.20 ‐ $248.20 PRINGLE, Arthur (Captain) $525.44 ‐ $525.44 *PRINGLE, S. Joan (Widow) $2,990.14 ‐ $2,990.14 *RIGGLE, Arduth S. (Widow)‐‐ $0.00 RUPPRECHT, Jim (Firefighter D Step) $107.60 ‐ $107.60 *SMITH, Shirley (Widow) $352.66 ‐ $352.66 *STROM, Doris (Widow) $3,790.89 ‐ $3,790.89 * TODD, Tess R. (Widow) $414.86 ‐ $414.86 TONDA, Lila Jean (Widow)‐‐ $0.00 VACCA, Nick (Lieutenant) $332.80 ‐ $332.80 * WALLS, Camille (Widow) $154.71 ‐ $154.71 * WEISS, Cheryl (Widow) $957.88 ‐ $957.88 Total Expenses: Pension/Medical $14,299.61 $0.00 $14,299.61 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 Total Pension Payments for April, 2017 18,523.86 Total Medical Bills Reimbursed in April, 2017 0.00 Total Expenses: Medical/Pension 18,523.86 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 5/3/2018 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR MAY 2018 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $119.09 ‐ $119.09 BARILLEAUX, Ray (Battalion Chief)‐‐ $0.00 * BERGMAN, Claudette (Widow) $112.52 ‐ $112.52 CHRISTENSON, Chuck (Firefighter) $269.87 ‐ $269.87 GEISSLER, Dick (Fire Chief)‐‐ $0.00 * GOODWIN, Kathryn Lorayne (Widow) $1,098.35 ‐ $1,098.35 * JONES, Evelyn M. (Widow) $339.31 ‐ $339.31 LARSON, William (Firefighter)‐‐ $0.00 LAVALLEY, Theodele (Captain) $384.44 ‐ $384.44 MATTHEW, James (Deputy Chief)‐‐ $0.00 *MC LAUGHLIN, Barbara M. (Widow) $872.46 ‐ $872.46 NEWTON, Gary (Lieutenant) $285.90 ‐ $285.90 NICHOLS, Gerald (Battalion Chief) $585.98 ‐ $585.98 PARKS‐ANDREASON, Arlene (Widow) $356.51 ‐ $356.51 PHILLIPS, Bruce H. (Deputy Chief) $248.20 ‐ $248.20 PRINGLE, Arthur (Captain) $525.44 ‐ $525.44 *PRINGLE, S. Joan (Widow) $2,990.14 ‐ $2,990.14 *RIGGLE, Arduth S. (Widow)‐‐ $0.00 RUPPRECHT, Jim (Firefighter D Step) $107.60 ‐ $107.60 *SMITH, Shirley (Widow) $352.66 ‐ $352.66 *STROM, Doris (Widow) $3,790.89 ‐ $3,790.89 * TODD, Tess R. (Widow) $414.86 ‐ $414.86 TONDA, Lila Jean (Widow)‐‐ $0.00 VACCA, Nick (Lieutenant) $332.80 ‐ $332.80 * WALLS, Camille (Widow) $154.71 ‐ $154.71 * WEISS, Cheryl (Widow) $957.88 ‐ $957.88 Total Expenses: Pension/Medical $14,299.61 $0.00 $14,299.61 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 Total Pension Payments for April, 2017 18,523.86 Total Medical Bills Reimbursed in April, 2017 0.00 Total Expenses: Medical/Pension 18,523.86 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 5/3/2018 AGENDA ITEM #5. b)