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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, November 15, 2018 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) September 20, 2018 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) September 2018 b) October 2018 5. MONTHLY BILLS AND PENSION PAYMENTS a) October 2018 b) November 2018 6. UNFINISHED BUSINESS 7. NEW BUSINESS a) Election Notice to be sent to the Regional Renton Fire Authority (RRFA) re: Barilleaux's term expiring 12/31/2018 8. ADJOURNMENT MINUTES FIREFIGHTERS’PENSION BOARD CITYOF RENTON September 20,2018 Denis Law,Mayor —ABSENT Don Persson,Finance Committee Chair Jason Seth,City Clerk Ray Ba rilleaux,Fire Department Representative Bruce Phillips,Fire Department Representative —ABSENT Chuck Christenson,Alternate Fire Department Representative —ABSENT Sean Hollingsworth,Finance Representative —ABSENT The regular meeting of the Firefighters’Pension Board was called to order by Finance Committee Chair Don Persson at 2:16 p.m.in the Mayor's office,7th floor of Renton City Hall.In attendance were Board members City Clerk Jason Seth and Fire Department Representative Ray Barilleaux. MINUTES APPROVAL MOVED BYBARILLEAUX,SECONDEDBYSETH,THE PENSION BOARD APPROVE THE MINUTES OF THE JULY 19,2018 MEETING.CARRIED. MONTHLY STATEMENT The July 31,2018 and August 31,2018 financial reports were reviewed.Total cash/investment balance was,as of August 31,2018,$5,886,221.57. MONTHLY BILLSAND PENSION PAYMENTS MOVED BYBARILLEAUX,SECONDEDBYSETH,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF $15,705.91 FOR AUGUST 2018 AND $15,705.91 FOR SEPTEMBER 2018,TO BE PAID BYTHE FIREFIGHTERS’PENSION FUND.CARRIED. ADJOURNMENT MOVED BYBARILLEAUX,SECONDED BYSETH,THE FIREFIGHTERS’PENSION BOARD ADJOURN. CARRIED.TIME:2:18 P.M. J2? 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 SEPTEMBER 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 5,886,221.57 5,833,141.99 5,835,570.00 5,601,475.37 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 3,709.65 32,559.79 325,000.00 4,273.20 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 15,705.91 145,506.45 200,000.00 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 $5,874,225.31 $5,874,225.31 $6,103,095 $5,590,461.45 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,581,422.55 $3,593,635.79 $3,162,945.92 $3,174,782.99 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 17,264.05 17,047.07 13,621.42 12,798.27 TOTAL CASH AND INVESTMENTS $5,874,225.31 $5,886,221.57 $5,590,461.45 $5,601,475.37 The State Investment Pool interest 2.0620% 2.0146% 1.1297% 1.1101% 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\September 18 Page 1 11/13/2018 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF OCTOBER 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 5,874,225.31 5,833,141.99 5,835,570.00 5,590,461.45 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 3,958.35 32,559.79 325,000.00 2,218.22 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 15,705.91 161,212.36 200,000.00 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 $5,862,477.75 $5,858,519.40 $6,103,095 $5,577,392.55 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,568,743.95 $3,581,422.55 $3,150,542.85 $3,162,945.92 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 18,195.09 17,264.05 12,955.59 13,621.42 TOTAL CASH AND INVESTMENTS $5,862,477.75 $5,874,225.31 $5,577,392.55 $5,590,461.45 The State Investment Pool interest 2.2317% 2.0620% 1.1385% 1.1297% 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\October 18 Page 1 11/13/2018 AGENDA ITEM #4. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER 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 October, 2017 15,287.12 Total Medical Bills Reimbursed in October, 2017 0.00 Total Expenses: Medical/Pension 15,287.12 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 10/1/2018 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR NOVEMBER 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 November, 2017 15,287.12 Total Medical Bills Reimbursed in November, 2017 0.00 Total Expenses: Medical/Pension 15,287.12 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 11/5/2018 AGENDA ITEM #5. b)