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Home My WebLink AboutFinal Agenda Packet CITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room 19-Feb-03 10:00 A.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF JANUARY 15, 2003 3. CORRESPONDENCE 4. MONTHLY STATEMENT TO 12/31/2002 (FINAL) AND TO 1/31/2003 5. MONTHLY BILLS AND PENSION PAYMENTS 6. OLD BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT Nu, .4mor MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON January 15,2003 Jesse Tanner, Mayor King Parker, Council Finance Committee Chair Bonnie Walton, City Clerk Ray Barilleaux,Fire Department Representative William Henry,Fire Department Representative William Larson,Fire Department Alternate The regular meeting of the Firemen's Pension Board was called to order by Acting Chairman King Parker at 10:00 a.m. in the Mayor's conference room, 7th floor of Renton City Hall. In attendance were Board members King Parker, Ray Barilleaux, Bill Henry and Bonnie Walton; and Jill Masunaga, Finance Department Representative. Also in attendance were Victoria Runkle,Finance and IS Administrator, and Elaine Gregory,Fiscal Services Director. MINUTE APPROVAL MOVED BY BARILLEAUX, SECONDED BY WALTON,THE PENSION BOARD APPROVE THE MINUTES OF THE DECEMBER 18, 2002, MEETING. CARRIED. CORRESPONDENCE Victoria Runkle, Finance and IS Administrator, expanded on her memo of 1/8/03 regarding the Fire Pension Actuarial Study. She reported that the study, which must be conducted every two years, would take approximately four months to complete at a cost of approximately$4,600. The proposed agreement with Millimum USA was reviewed. Ms. Runkle stated that it is expected that full funding of the Firemen's Pension Fund will again be reported. It was noted that the agreement covers the 1/1/03 actuarial study only, and that if in the future there are issues with long-term care or nursing home costs, a separate study could then be conducted. Elaine Gregory,new Fiscal Services Director, was introduced to the Board members. MONTHLY STATEMENT The financial report as of December 31, 2002, was reviewed. Total cash/investment balance was $5,310,984.54. Jill Masunaga stated that the report was presented as a draft, as the books for the year were not yet closed. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY HENRY,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR JANUARY 2003, IN THE TOTAL AMOUNT OF$31,061.28. CARRIED. (Included in the amount was a 3% cost of living increase effective January 1 per union contract.) ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY HENRY, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 10:13 a.m. Dalt - Bonnie I. Walton, City Clerk Member and Secretary,Firemen's Pension Board r CITYNPF RENTON - FIREMEN'S PENSIOI UND CASH & INVESTMENT ACTIVITY REPORT AS OF JANUARY 31, 2003 Fireman's Pension Fund Comparison of Cash and Investment Activity 7 6 - F -- a c o0 III I M l l M 3 2 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ■2003 ■2002 CURRENT 2003 2003 LAST YEAR 2002 2002 MONTH YTD BUDGET CURR MO YTD ADJ BUDGET BEGINNING CASH/INV BALANCE $5,312,164.41 $5,312,164.41 $5,312,164 $5,491,105.38 $5,491,105.38 $5,491,105 RECEIPTS: Property Taxes 0.00 0.00 $0 0.00 0.00 $0 Fire Insurance Premium Tax 0.00 0.00 $32,000 0.00 0.00 $32,000 Investment Interest 0.00 0.00 $115,000 0.00 0.00 $80,000 Interfund Loan Repmt/Golf Crs 0.00 0.00 $0 0.00 0.00 $0 DISBURSEMENTS: Fire Pension 30,216.33 30,216.33 $355,000 29,695.67 29,695.67 $345,000 Office/Operating Supplies 0.00 0.00 $400 0.00 0.00 $400 Actuarial/Firemen's Pens 0.00 0.00 $4,000 0.00 0.00 $0 Repairs&Maintenance 0.00 0.00 $0 0.00 0.00 $0 Reimb General/Clerical&Acct 538.00 538.00 $6,500 525.00 525.00 $6,300 ENDING CASH/INV BALANCE $5,281,410.08 $5,281,410.08 $5,093,264 $5,480,884.71 $5,460,884.71 $5,251,405 CURRENT PREVIOUS LAST YEAR LAS'S ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $206,872.02 $237,626.35 $31,194.86 $61,415.53 INVESTMENTS CD's&State Investment Pool 749,767.46 949,767.46 849,767.46 849,767.46 Snohomish County Housing Authority 98,272.00 98,272.00 98,272.00 98,272.00 Treasury Strips&Zero Coupon Bonds 4,226,498.60 4,026,498.60 4,481,650.39 4,481,650.39 Corporate Bonds 0.00 0.00 0.00 0.00 Convertable Bonds 0.00 0.00 0.00 0.00 Mutual Funds 0.00 0.00 0.00 0.00 TOTAL CASH AND INVESTMENTS $5,281,410.08 $5,312,164.41 $5,460,884.71 $5,491,105.38 The State Investment Pool interest 1.3121% 1.4525% 2.0675% 2.3114% P CITY RENTON - FIREMEN'S PENSION0FUND CASH & INVESTMENT ACTIVITY REPORT FINAL AS OF DECEMBER 31, 2002 Fireman's Pension Fund Comparison of Cash and Investment Activity 7 6 io 5 - 5 0 0 4 - N 111111 illinn111-11C O 3 2 -- 1 l Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ■2002 ■2001 CURRENT 2002 2002 LAST YEAR 2001 2001 ACTIVITY: MONTH YTD BUDGET CURR MO YTD ADJ BUDGET BEGINNING CASH/INV BALANCE $5,337,964.70 $5,491,105.38 $5,491,105 $5,515,007.70 $5,655,613.20 $5,655,613 RECEIPTS: Property Taxes 0.00 0.00 $0 0.00 0.00 $0 Fire Insurance Premium Tax 0.00 55,729.79 $32,000 0.00 50,702.71 $69,000 Investment Interest 2,030.64 105,542.08 $80,000 2,913.79 120,956.86 $65,000 Interfund Loan Repmt/Golf Crs 0.00 0.00 $0 0.00 0.00 $0 DISBURSEMENTS: Fire Pension 27,230.85 333,706.08 $345,000 26,301.11 323,127.39 $335,000 Office/Operating Supplies 75.08 206.76 $400 0.00 0.00 $370 Actuarial/Firemen's Pens 0.00 0.00 $0 0.00 6,860.00 $0 Repairs&Maintenance 0.00 0.00 $0 0.00 0.00 $0 Reimb General/Clerical&Acct 525.00 6,300.00 $6,300 515.00 6,180.00 $6,180 ENDING CASH/INV BALANCE $5,312,164.41 $5,312,164.41 $5,251,405 $5,491,105.38 $5,491,105.38 $5,448,063 CURRENT PREVIOUS LAST YEAR LAST YEAR 111CTIVITY: MONTH MONTH CURR MO PREV MO CASH $237,626.35 $63,426.64 $61,415.53 $85,317.85 INVESTMENTS CD's&State Investment Pool 749,767.46 949,767.46 849,767.46 849,767.46 Snohomish County Housing Authority 98,272.00 98,272.00 98,272.00 98,272.00 Treasury Strips&Zero Coupon Bonds 4,226,498.60 4,226,498.60 4,481,650.39 4,481,650.39 Corporate Bonds 0.00 0.00 0.00 0.00 Convertable Bonds 0.00 0.00 0.00 0.00 Mutual Funds 0.00 0.00 0.00 0.00 TOTAL CASH AND INVESTMENTS $5,312,164.41 $5,337,964.70 65,491,105.38 65,515,007.70 The State Investment Pool interest 1.4525% 1.5474% 2.3114% 2.6206% I err✓ FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR FEBRUARY, 2003 Recipient Pension Amt Medicals Total ANKENY, Charlie (Captain) $89.48 89.48 • ASHURST, James(Assistant Chief) $3,813.00 - 3,813.00 BANASKY, George (Captain) $815.03 815.03 BEATTEAY, Karlen (Widow) $174.17 174.17 BERGMAN, Claudette(Widow) $110.29 110.29 CHRISTENSON, Chuck(Firefighter) $257.60 257.60 COLOMBI, Jack(Captain) $349.41 349.41 CONNELL, Robert(Captain) $594.48 594.48 GOODWIN, Charles (Captain) $3,459.50 - 3,459.50 GOODWIN, Donald (Firefighter) $816.42 816.42 HAWORTH, Constance(Widow) $2,392.46 2,392.46 . HAWORTH, Jack(Firefighter) $2,609.50 - 2,609.50 HENRY, Teresa A. (Widow) $235.77 235.77 HENRY, William, Jr. (Captain) $1,075.36 1,075.36 HURST, Gerald (Firefighter) $429.17 429.17 JONES, Gerald D. (Firefighter) $188.37 188.37 LAVALLEY, Theodele (Captain) $274.81 274.81 MC LAUGHLIN, JACK(Battalion Chief) $646.58 646.58 NEWTON, Gary (Lieutenant) $205.26 205.26 NICHOLS, Gerald (Battalion Chief) $287.07 287.07 PARKS, Arlene(Widow) $255.10 255.10 PARKS, John (Firefighter) $2,708.00 347.15 3,055.15 PHILLIPS, Bruce H. (Deputy Chief) $26.67 26.67 PRINGLE, Arthur(Captain) $373.56 373.56 PRINGLE, S. Joan (Widow) $2,055.38 2,055.38 RIGGLE, David E. (Firefighter D Step) $51.33 51.33 SMITH, Leroy (Firefighter) $320.76 320.76 STROM, Karl (Firefighter) $2,609.50 - 2,609.50 TODD, Franklin (Firefighter) $370.02 370.02 VACCA, Nick(Lieutenant) $238.11 238.11 WALLS, Kenneth (Firefighter D Step) $101.97 101.97 WALSH, David (Firefighter) $854.76 854.76 WALSH, Patrick(Captain) $787.73 787.73 WEISS, Larry (Battalion Chief) $459.59 459.59 WOOTEN, Edgar, Jr. (Fire Inspector) $180.12 180.12 Total Expenses: Pension/Medical' 30,216.33 , 347.15 30,563.48 Prior Year Pension/Medical Payments: Total Pension Payments for February, 2002 29,698.27 Total Medical Bills Reimbursed in February, 2002 1,168.10 Total Expenses: Medical/Pension 30,866.37 4 SUMMARY 2003 2/12/2003 4:05 PM law Nue FIREMEN'S PENSION BOARD MEDICAL BILLS TO BE REIMBURSED IN FEBRUARY, 2003 PAYMENT Page Name Pharmacy/Medical Facility Amount of Bill 2 John Parks Toledo Pharmacy 125.35 2 John Parks Toledo Pharmacy 115.25 2 John Parks Toledo Pharmacy 18.00 2 John Parks Toledo Pharmacy 88.55 347.15 TOTAL 347.15 3_2003 FP Medical 2/12/2003 4 02 PM *Ise 'too CITY OF RENTON FIREMEN'S PENSION CLAIM FOR REIMBURSEMENT FORM NAME O. , , F4 7'k5 DATE -� _ c «3 f� AMOUNT OF CLAIM $ 3 4f7, L Reason for medication/hospitalization/physician's exam: f2d ;� ar, s4' SFr) -7 e a 11 rrr L-avec -r6 6 s I have not been and will not be compensated by any other organization/Insurance Carrier or Medicare for the above mentioned claim for reimbursement other that the City of Renton. All of the above are related to my disability from the Fire Department. Signature Q(44 .(42:4A4U, Note: Proper Documentation must accompany this claim form. Mail forms to: City of Renton Finance Department—Fire Pension 1055 South Grady Way Renton, WA 98055 PhirG. t Revised 12/24/02 off,. `a✓' TOLEDO PHARMACY Box 249 Toledo, Wash. 98591 ANIMAL HEALTH SUPPLIES GIFTS PRESCRIPTIONS Phone 864-4100 „,AXE --//) -O 3 OL24COWLITZ,WA59 PHARMACY TOLEDO,WA 98597 864-4100 NAME _ Par JOHN PARKS 1/10/83 74 BOX 626 TOLEDO WA 98591 AD►' 2• t�� Rx#221!212 Dr. J RICHARDS CASH CHARGE ON ACCT. SEN LL NEXIUM 40M0 CAP ilk°`1 =�_I NDC# 00186-5040-31 #30 CASH BC /BC, Price: 139.28 - -10% $ 125. 3J • m te)( 4725--3 3- dam/ //.5- 4 3 ,)) �/� /C/ �r TOLEDO 241 COWLITZ ST. 15 (} C/ TOLEDO,WA 98591 ggq 4 JEW 1111%03100 J/e9- �� s BOX 626tTOLEDO WA 98591 Rx#C262213 Dr. J RICHARDS L, 15 NDC#E000024-5421-31 #45 CASH BC /BC3D J� ��o��`��o•�� Price: 128.06 - -10% $ 115.25 TOLEDO 241 COWLITZ ST. for Rigs TOLEDO,WA 98591 (1,1/3100 BOX 626tTOLEDO WA 98591 Rx#C263283 Dr. J RICHARDS ALPRAZOLAM 015MB TAB NDC# 59762-3720-01 #90 CASH BC /BC9 Price: 20.00 - -10% $ 18.00 m v 1 TOLEDO 241 COWLITZ ST. JP}_/.f�IMXs TOLEDO,WA 98591 00 BOX 626/TOLEDO WA 98591 Rx#23e212 Dr.A ARONSKY REMERON 30MO TAB NDC# 00052-0107-30 #30 CASH BC /BC", Price: 98.39 - -10% $ 88.55 v 1 Wiert 2—