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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, September 20, 2018 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) July 19, 2018 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) July 2018 b) August 2018 5. MONTHLY BILLS AND PENSION PAYMENTS a) August 2018 b) September 2018 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON July 19,2018 Denis Law, Mayor Don Persson, Finance Committee Chair-ABSENT Megan Gregor, Deputy City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christenson,Alternate Fire Department Representative -ABSENT 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, Deputy City Clerk Megan Gregor, Fire Department Representatives 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 MAY 17, 2018 MEETING. CARRIED. MONTHLY STATEMENT The May 31, 2018 and June 30, 2018 financial reports were reviewed.Total cash/investment balance was, as of June 30, 2018, $5,910,174.68. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$14,299.61 FOR JUNE 2018 AND$15,705.91 FOR JULY 2018,TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. NEW BUSINESS Mr. Hollingsworth reported that widows received a 3.1%Cost of Living Allowance (COLA) increase per RCW 41.16.145. ADJOURNMENT MOVED BY PHILLIPS, SECONDED BY BARILLEAUX,THE FIREFIGHTERS' PENSION BOARD ADJOURN. CARRIED.TIME: 2:08 P.M. ason Seth,City Clerk Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JULY 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 5,910,174.67 5,833,141.99 5,835,570.00 5,627,688.13 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 3,736.97 25,128.39 325,000.00 2,124.97 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 15,705.91 114,094.63 200,000.00 15,287.12 239,653.11 200,000.00 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 $5,898,205.73 $5,898,205.73 $6,103,095 $5,614,525.98 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,606,597.77 $3,619,560.24 $3,188,601.52 $3,202,701.77 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 16,069.25 15,075.73 12,030.35 11,092.25 TOTAL CASH AND INVESTMENTS $5,898,205.73 $5,910,174.68 $5,614,525.98 $5,627,688.13 The State Investment Pool interest 1.9858% 1.8866% 1.0700% 0.9803% 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\July 18 Page 1 8/22/2018 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF AUGUST 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 5,898,205.73 5,833,141.99 5,835,570.00 5,614,525.98 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 3,721.75 28,850.14 325,000.00 2,236.51 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 15,705.91 129,800.54 200,000.00 15,287.12 239,653.11 200,000.00 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 $5,886,221.57 $5,886,221.57 $6,103,095 $5,601,475.37 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,593,635.79 $3,606,597.77 $3,174,782.99 $3,188,601.52 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 17,047.07 16,069.25 12,798.27 12,030.35 TOTAL CASH AND INVESTMENTS $5,886,221.57 $5,898,205.73 $5,601,475.37 $5,614,525.98 The State Investment Pool interest 2.0146% 1.9858% 1.1101% 1.0700% 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\August 18 Page 1 9/12/2018 AGENDA ITEM #4. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR AUGUST 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 3.1% CPI increase effective July 1st, 2018 per RCW 41.16.145 Total Pension Payments for August, 2017 15,287.12 Total Medical Bills Reimbursed in August, 2017 0.00 Total Expenses: Medical/Pension 15,287.12 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 8/1/2018 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR SEPTEMBER 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 3.1% CPI increase effective July 1st, 2018 per RCW 41.16.145 Total Pension Payments for September, 2017 15,287.12 Total Medical Bills Reimbursed in September, 2017 0.00 Total Expenses: Medical/Pension 15,287.12 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 9/12/2018 AGENDA ITEM #5. b)