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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, July 19, 2018 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) May 17, 2018 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) May 2018 Statement b) June 2018 Statement 5. MONTHLY BILLS AND PENSION PAYMENTS a) June 2018 b) July 2018 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON May 17, 2018 Denis Law, Mayor 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 Mayor Denis Law at 2:03 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis Law, City Clerk Jason Seth, Fire Department Representatives Ray Barilleaux and Bruce Phillips,Alternate Fire Department Representative Chuck Christenson, and Finance Department Representative Sean Hollingsworth. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY CHRISTENSON,THE PENSION BOARD APPROVE THE MINUTES OF THE MARCH 15, 2018 MEETING. CARRIED. MONTHLY STATEMENT The March 31, 2018 and April 30, 2018 financial reports were reviewed.Total cash/investment balance was, as of April 30, 2018, $5,777,583.45. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$14,299.61 FOR APRIL 2018 AND$14,299.61 FOR MAY 2018,TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. NEW BUSINESS City Clerk Seth mentioned that the next meeting's agenda will include the annual CPI adjustment recommendation from the administration. ADJOURNMENT MOVED BY PHILLIPS,SECONDED BY CHRISTENSON,THE FIREFIGHTERS' PENSION BOARD ADJOURN. CARRIED.TIME: 2:08 P.M. 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 MAY 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 5,777,583.45 5,833,141.99 5,835,570.00 5,506,677.89 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 154,275.27 154,275.27 143,000.00 150,950.76 150,950.76 143,000.00 Investment Interest 3,374.95 17,851.20 325,000.00 1,751.20 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 14,299.61 84,089.11 200,000.00 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 $5,920,934.06 $5,920,934.06 $6,103,095 $5,640,855.99 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,631,321.12 $3,487,478.57 $3,213,696.30 $3,079,419.93 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 14,074.23 14,566.17 13,265.58 13,363.85 TOTAL CASH AND INVESTMENTS $5,920,934.06 $5,777,583.45 $5,640,855.99 $5,506,677.89 The State Investment Pool interest 1.7951% 1.7149% 0.8688% 0.8283% 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\May 18 Page 1 7/9/2018 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JUNE 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 5,920,934.06 5,833,141.99 5,835,570.00 5,640,855.99 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 0.00 154,275.27 143,000.00 0.00 150,950.76 143,000.00 Investment Interest 3,540.23 21,391.43 325,000.00 1,973.73 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 14,299.61 98,388.72 200,000.00 15,141.59 239,653.11 200,000.00 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 $5,910,174.68 $5,910,174.68 $6,103,095 $5,627,688.13 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,619,560.24 $3,631,321.12 $3,202,701.77 $3,213,696.30 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 15,075.73 14,074.23 11,092.25 13,265.58 TOTAL CASH AND INVESTMENTS $5,910,174.68 $5,920,934.06 $5,627,688.13 $5,640,855.99 The State Investment Pool interest 1.8866% 1.7951% 0.9803% 0.8688% 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\June 18 Page 1 7/16/2018 AGENDA ITEM #4. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JUNE 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 June, 2017 15,141.59 Total Medical Bills Reimbursed in June, 2017 0.00 Total Expenses: Medical/Pension 15,141.59 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 6/6/2018 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JULY 2018 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $119.09 ‐ $119.09 BARILLEAUX, Ray (Battalion Chief)‐‐ $0.00 * BERGMAN, Claudette (Widow) $224.74 ‐ $224.74 CHRISTENSON, Chuck (Firefighter) $269.87 ‐ $269.87 GEISSLER, Dick (Fire Chief)‐‐ $0.00 * GOODWIN, Kathryn Lorayne (Widow) $1,243.03 ‐ $1,243.03 * JONES, Evelyn M. (Widow) $461.66 ‐ $461.66 LARSON, William (Firefighter)‐‐ $0.00 LAVALLEY, Theodele (Captain) $384.44 ‐ $384.44 MATTHEW, James (Deputy Chief)‐‐ $0.00 *MC LAUGHLIN, Barbara M. (Widow) $1,069.67 ‐ $1,069.67 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) $3,082.83 ‐ $3,082.83 *RIGGLE, Arduth S. (Widow) $77.49 ‐ $77.49 RUPPRECHT, Jim (Firefighter D Step) $107.60 ‐ $107.60 *SMITH, Shirley (Widow) $462.98 ‐ $462.98 *STROM, Doris (Widow) $3,908.41 ‐ $3,908.41 * TODD, Tess R. (Widow) $524.92 ‐ $524.92 TONDA, Lila Jean (Widow)‐‐ $0.00 VACCA, Nick (Lieutenant) $332.80 ‐ $332.80 * WALLS, Camille (Widow) $275.17 ‐ $275.17 * WEISS, Cheryl (Widow) $1,159.18 ‐ $1,159.18 Total Expenses: Pension/Medical $15,705.91 $0.00 $15,705.91 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 Total Pension Payments for July, 2017 15,287.12 Total Medical Bills Reimbursed in July, 2017 0.00 Total Expenses: Medical/Pension 15,287.12 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 7/11/2018 AGENDA ITEM #5. b)