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Home My WebLink AboutFinal Agenda Packet lin► ftli CITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-City Clerk Conference Room Thursday, June 21, 2007 1:30 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF MAY 17, 2007 3. CORRESPONDENCE 4. MONTHLY STATEMENT TO MAY 31, 2007 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT 'lrr �r MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON May 17, 2007 Kathy Keolker, Mayor Don Persson, Council Finance Committee Chair Bonnie Walton, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative William Larson, Fire Department Alternate The regular meeting of the Firemen's Pension Board was called to order by Acting Chairman Don Persson at 1:30 p.m. in the Mayor's conference room, 7th floor of Renton City Hall. In attendance were Board members Don Persson, Bruce Phillips, Ray Barilleaux and Bonnie Walton. Jill Masunaga, Finance Department representative, and Michael Bailey, Finance and Information Services Administrator, were also in attendance. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES OF THE APRIL 19, 2007, MEETING. CARRIED. MONTHLY STATEMENT The financial report as of April 30, 2007, was reviewed. Total cash/investment balance was $4,518,567.47. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR MAY 2007, IN THE TOTAL AMOUNT OF $34,999.83 TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. UNFINISHED BUSINESS Michael Bailey, Finance and Information Services Administrator, presented the Actuarial Valuation of Firefighters' Pension Fund dated January 1, 2007, as prepared by Milliman Consultants and Actuaries. The Valuation report indicated that on the basis of the actuarial assumptions used, it is estimated that the current assets of the Fund, along with future revenues from state fire insurance taxes (assumed to be paid for 10 years from the valuation date) and investment earnings, will be sufficient to pay all future pension benefits. Mr. Bailey also handed out and reviewed page numbers 4-44 and 4-45 of the 2006 Comprehensive Annual Financial report, regarding the city's funding policy. NEW BUSINESS Board members Barilleaux and Phillips presented a letter notifying the Board that Chuck Christenson has been appointed as the Fire Department Alternate member on the Board, replacing William Larson. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 1:55 p.m. 13o-714,wc24 Idctefer Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board 2 Now Nome CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF MAY 31, 2007 Fireman's Pension Fund Comparison of Cash and Investment Activity 6 ❑2007 112006 5 e ca 0 4 oI liii 13 11111 uluuluul 2 JuN I Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2007 2007 LAST YEAR 2006 2006 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL ADJ BUDGET BEGINNING CASH/INV BALANCE $4,518,567.47 $4,672,241.19 $4,459,523 $4,667,067.71 $4,811,901.62 $4,713,823 RECEIPTS: Fire Insurance Premium Tax 85,061.56 85,061.56 73,000 77,820.55 77,820.55 73,000 Investment Interest 2,763.49 12,391.20 175,000 1,761.78 215,553.19 150,000 DISBURSEMENTS: Fire Pension 34,532.96 184,337.06 463,500 33,833.90 414,281.42 450,000 Fire Pension Medical 482.58 3,691.91 20,000 780.91 11,536.51 20,000 Office/Operating Supplies 0.00 0.00 450 0.00 316.24 400 Actuarial/Firemen's Pens 0.00 7,550.00 12,000 0.00 0.00 0 Reimb General/Clerical&Acct 686.00 3,424.00 8,226 575.00 6,900.00 6,900 ENDING CASH/INV BALANCE $4,570,690.98 $4,570,690.98 $4,203,347 $4,711,460.23 $4,672,241.19 $4,459,523 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $364,994.42 $312,855.20 $286,659.40 $242,266.88 INVESTMENTS: CD's&State Investment Pool 454,767.46 454,767.46 454,767.46 454,767.46 Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips&Zero Coupon Bonds 3,651,388.97 3,651,388.97 3,870,477.53 3,870,477.53 TOTAL CASH AND INVESTMENTS $4,570,706.69 $4,518,567.47 $4,711,460.23 $4,667,067.71 The State Investment Pool interest 5.1936% 5.2260% 4.8542% 4.6566% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2007.xIs\May07 Page 1 6/14/2007 w 'we FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JUNE, 2007 F s=1 e piorT ,-.>, r Pens irr it <.t4Mec icals . :: To ANKENY, Charlie (Captain) $116.94 116.94 ASHURST, James (Assistant Chief) $4,436.00 - 4,436.00 BANASKY, George (Captain) $934.00 934.00 BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $207.57 207.57 BERGMAN, Claudette (Widow) $136.28 136.28 CHRISTENSON, Chuck (Firefighter) $295.60 295.60 CONNELL, Robert(Captain) $683.41 683.41 GEISSLER, Dick(Fire Chief) - - GOODWIN, Charles (Captain) $3,893.50 - 3,893.50 GOODWIN, Donald (Firefighter) $931.54 931.54 HAWORTH, Constance (Widow) $2,592.09 2,592.09 HAWORTH, Jack (Firefighter) $2,937.00 - 2,937.00 HENRY, William, Jr. (Captain) $1,225.73 1,225.73 HURST, Gerald (Firefighter) $494.80 494.80 JONES, Evelyn M. (Widow) $224.42 224.42 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $324.64 324.64 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, JACK(Battalion Chief) $914.31 914.31 NEWTON, Gary(Lieutenant) $244.78 244.78 NEWTON, Roger(Firefighter) - - NICHOLS, Gerald (Battalion Chief) $485.25 485.25 PARKS-ANDREASON, Arlene (Widow) $301.76 301.76 PARKS, John (Firefighter) $3,048.00 49.81 3,097.81 PHILLIPS, Bruce H. (Deputy Chief) $226.17 226.17 PRINGLE, Arthur(Captain) $435.83 435.83 PRINGLE, S. Joan (Widow) $2,226.91 2,226.91 RIGGLE, David E. (Firefighter D Step) $70.23 70.23 RUPPRECHT, Jim (Firefighter D Step) $102.45 102.45 SMITH, Leroy(Firefighter) $372.14 372.14 STROM, Karl (Firefighter) $2,937.00 - 2,937.00 TODD, Franklin (Firefighter) $427.33 427.33 TONDA, Lila Jean (Widow) - - VACCA, Nick(Lieutenant) $280.94 280.94 WALLS, Kenneth (Firefighter D Step) $127.61 127.61 WALLS, Mercedes (Widow) $96.55 96.55 WALSH, David (Firefighter) $974.51 974.51 WALSH, Patrick(Captain) $899.44 899.44 WEISS, Larry (Battalion Chief) $698.23 698.23 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E (W do ) _ $214.29 214.29 l the + 0 ', . ` ? i 10gr dicat A 4 *40$34;56746,1t Prior Year Pension/Medical Payments: Total Pension Payments for June, 2006 34,333.90 Total Medical Bills Reimbursed in June, 2006 926.24 Total Expenses: Medical/Pension 35,260.14 4_SUMMARY 2007.XLS 6/14/2007 New ,rot FIREMEN'S PENSION BOARD MEDICAL BILLS TO BE REIMBURSED IN JUNE, 2007 PAYMENT PageFaOli KY* AmótofBllI James Ashurst 0.00 Charles Goodwin 0.00 Jack Haworth 0.00 2 John Parks Olympic Drug 15.41 2 John Parks Olympic Drug 24.59 2 John Parks Olympic Drug 9.81 John Parks 49.81 Karl Strom 0.00 3_2007 FP Medical XLS 6/14/2007 SEND CLAIM TO: City of Renton yler, New' Finance Dept.-Fire Pension 1055 South Grady Way Renton, WA 98057 OY A .z NT— CITY OF RENTON FIREMEN'S PENSION BOARD Pharmacy/Medical Claim Reimbursement Request 1) DATE cl v-r) f' / 0 07 2) DISABILITY RETIREE'S NAME ( print) oh 71 L. E-7-iriL5 3) ADDRESS % 335 3 4 VEY/0'Y W's63 4) DIS • C ILITY AT TIME OF RETIREMENT - rir. , ) . (f A I y-e 5) DESCRIPTION OF CLAIM: (Supporting documentation must be attached.) (Note: Medical coverage is limited to current treatment of the retiree's disability as determined at the time of retirement. (RCW 41.181 Submit only claims that relate to item#4.) di.(2-1 :71 f r _516 0 iv cry p-roioteilys 6) TOTAL AMOUNT OF CLAIM' g, 7) I certify that 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 than the City of Renton. I further certify that the above statements are complete and accurate to the best of my knowledge, and that all claims submitted are related to my disability as determined at the time of my retia- ent from the Renton Fire Department. Signature: -Ants, „ 1 40 A , J Note: Supporting documentation must be attached. ,wwrr► %PI 1110/ Value at the.� YMPit DRUB� RECEIPT 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE OR TAX RECORDS no 686231 For: JOHN PARKS 5-02-07 CRN.47075229244401 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577-6684 MIRTAZAPINE SOLTAB 45MG #30 NDC: 66993-0712-30 DR. RICHARDS,JOHN E ZHA COPAY: $15.41 II il NH I I I I I I III I III 111111 II II III III III ill Price J Value YMPIt the CDRUG TO � RECEIPT 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE OR TAX RECORDS Rx# C702044 For: JOHN PARKS 5-02-07 CR.-A0075226022131 1335 3RD AVE#109 LONGVIEW,WA 98632 1360) 577-6684 ZOLPICEM TAB 10MG #30 NDC: 00591-3367-05 DR. RICHARDS,JOHN E ZHA COPAY: $24.59 11111111111 1111111 111111111111111111111111 Price Value at the smiling.0. RECEIPT 49tP YMPIC DRUG SAVE FOR INSURANCE 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 OR TAX RECORDS Rx# C687675 For: JOHN PARKS 5.02.07 CRN'49075226016521 1335 3RD AVE#109 LONGVIEW,WA 98632 (3601 577-6684 ALPRAZOLAM 0.5MG TAB #120 NDC: 00781.1077-05 DR. RICHARDS,JOHN E ZHA COPAY: $9.81 II II II III I MI I III I 1111111111111111111111 II Price Palms