HomeMy WebLinkAboutFinal Agenda PacketCITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
7th Floor-Mayor's Conference Room
Thursday, March 26, 2015
2:00 P.M.
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF JANUARY 15, 2015
3. CORRESPONDENCE
4. MONTHLY STATEMENTS FOR DECEMBER 31, 2014, JANUARY 31, 2015 and
FEBRUARY 28, 2015
5. MONTHLY BILLS AND PENSION PAYMENTS
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREMEN'S PENSION BOARD
CITY OF RENTON
January 15, 2015
Denis Law, Mayor
Don Persson, Council Finance Committee Chair
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
Bruce Phillips, Fire Department Representative
Chuck Christensen, Fire Department Alternate
The regular meeting of the Firemen's Pension Board was called to order by Don Persson, Council
Finance Committee Chair, at 2:00 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall.
In attendance were Board members Ray Barilleaux and Chuck Christensen. Also present was Sandi
Weir (for Jason Seth) and Jill Masunaga, Finance Department Representative.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY CHRISTENSEN, THE PENSION BOARD APPROVE THE MINUTES
OF THE DECEMBER 4, 2014 MEETING. CARRIED.
CORRESPONDENCE
Jill Masunaga reported that Chief Peterson has sent out the 2015-2016 ballots for the board member
election.
MONTHLY STATEMENT
The financial report for November 30, 2014, and a draft financial report for December 31, 2014 were
presented and reviewed. Total cash/investment balance as of December 31, 2014 was
5,040,077.45.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY CHRISTENSEN, THE BOARD APPROVE THE PENSION
PAYMENTS FOR DECEMBER 2014 AND JANUARY 2015 IN THE AMOUNTS OF $16,144.55 AND
18,269.67 RESPECTIVELY, WHICH INCLUDES A 2.25% COST OF LIVING INCREASE (FIREFIGHTERS
UNION CONTRACT) AND A 2.50% COST OF LIVING INCREASE (BAT CHIEF/SO UNION CONTRACT),
EFFECTIVE JANUARY 1, 2015. CARRIED.
UNFINISHED BUSINESS
The 2015 Firemen's Pension Survey was reviewed and approved by the Board to be sent out.
ADJOURNMENT
MOVED BY CHRISTENSEN, SECONDED BY BARILLEAUX, THE MEETING OF THE FIREMEN'S PENSION
BOARD BE ADJOURNED. CARRIED. Time: 2:15 p.m.
C- UizuL
Sandi Weir, Records Management Specialist
Acting Secretary, Firemen's Pension Board Next Meeting: March 19, 2015
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF DECEMBER 31, 2014
Fireman's Pension Fund Comparison of Cash and Investment Activity
02014 02013
N
R
0 4
D
O
C0 3
2
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2014 2014 LAST YEAR 2013 2013
ACTIVITY:MONTH YTD BUDGET CURB MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE $5,056,210.32 $4,790,246.57 $4,615,528 $4,804,960.43 $4,556,003.05 $4,556,003
RECEIPTS:
Fire Insurance Premium Tax 0.00 142,705.88 100,000 0.00 128,865.67 100,000
Investment Interest 915.72 312,909.53 200,000 556.25 298,795.36 200,000
DISBURSEMENTS:
Fire Pension 16,144.55 204,405.49 225,000 15,270.11 188,942.51 225,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 475.00 475 0.00 475.00 475
Actuarial/Firemen's Pens 0.00 0.00 15,000 0.00 4,000.00 15,000
ENDING CASH/INV BALANCE $5,040,981.49 $5,040,981.49 $4,675,053 $4,790,246.57 $4,790,246.57 $4,615,528
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURB MO PREV MO
CASH/State Investment Pool 2,564,903.66 $2,579,975.92 $2,646,210.58 $2,661,457.38
INVESTMENTS:
Federal National Mortgage Assn 599,278.13 599,278.13 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 1,868,831.88 1,868,831.88 2,038,263.18 2,038,263.18
Interest Receivable 7,967.82 8,124.39 6,216.97 5,684.03
TOTAL CASH AND INVESTMENTS 5,040,981.49 $5,056,210.32 $4,790,246.57 $4,804,960.43
The State Investment Pool interest 0.1052% 0.09167 0.12767 0.1161%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2014.xls\Dec14 final Page 1 2/9/2015
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JANUARY 31, 2015
Fireman's Pension Fund Comparison of Cash and Investment Activity
6 -
2015 02014
5
a
c 4
o s
w0
U) 3
0
2
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2015 2015 LAST YEAR 2014 2014
ACTIVITY:MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE $5,040,981.49 $5,040,981.49 $4,675,053 $4,790,246.57 $4,790,246.57 $4,615,528
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 142,705.88 100,000
Investment Interest 977.21 977.21 325,000 588.95 312,909.53 200,000
DISBURSEMENTS:
Fire Pension 18,269.67 18,269.67 200,000 16,019.03 204,405.49 225,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 475.00 475
Actuarial/Firemen's Pens 0.00 0.00 10.000 0.00 0.00 15,000
ENDING CASH/INV BALANCE $5,023,689.03 $5,023,689.03 $4,932,578 $4,774,816.49 $5,040,981.49 $4,675,053
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool 2,546,734.90 $2,564,903.66 $2,630,213.14 $2,646,210.58
INVESTMENTS:
Federal National Mortgage Assn 599,278.13 599,278.13 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 1,868,831.88 1,868,831.88 2,038,263.18 2,038,263.18
Interest Receivable 8,844.12 7,967.82 6,784.33 6,216.97
TOTAL CASH AND INVESTMENTS 5,023,689.03 $5,040,981.49 $4,774,816.49 $4,790,246.57
The State Investment Pool interest 0.1309% 0.1052°„ 0.1 I to"„ 0.1276%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2015.xls\Jan15 Pagel 3/10/2015
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF FEBRUARY 28, 2015
Fireman's Pension Fund Comparison of Cash and Investment Activity
6
2015 02014
5
R
c 4
0
0
U) 3
0
2
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2015 2015 LAST YEAR 2014 2014
ACTIVITY:MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE $5,023,689.03 $5,040,981.49 $4,675,053 $4,774,816.49 $4,790,246.57 $4,615,528
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 143,000 0.00 142,705.88 100,000
Investment Interest 964.06 1,941.27 325,000 638.33 312,909.53 200,000
DISBURSEMENTS:
Fire Pension 18,269.67 36,539.34 200,000 15,019.03 204,405.49 225,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 475.00 475
Actuarial/Firemen's Pens 0.00 0.00 10,000 0.00 0.00 15,000
ENDING CASH/INV BALANCE $5,006,383.42 $5,006,383.42 $4,932,578 $4,760,435.79 $5,040,981.49 $4,675,053
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREY MO
CASH/State Investment Pool 2,531,185.17 $2,546,734.90 $2,615,210.22 $2,630,213.14
INVESTMENTS:
Federal National Mortgage Assn 599,278.13 599,278.13 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 1,868,831.88 1,868,831.88 2,038,263.18 2,038,263.18
Interest Receivable 7,088.24 8,844.12 7,406.55 6,784.33
TOTAL CASH AND INVESTMENTS 5,006,383.42 $5,023,689.03 $4,760,435.79 $4,774,816.49
The State Investment Pool interest 0.1349% 0.1309% 0.1051% 0.1110%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2015.xls\Feb15 Pagel 3/20/2015
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR FEBRUARY, 2015
Recipient Pension Amt Medical Total
ANKENY, Charlie(Captain) 174.57 174.57
BARILLEAUX, Ray(Battalion Chief)
BEATTEAY, Karlen (Widow) 272.24 272.24
BERGMAN, Claudette(Widow) 187.30 187.30
CHRISTENSON, Chuck(Firefighter) 304.45 304.45
GEISSLER, Dick(Fire Chief)
GOODWIN, Kathryn Lorayne(Widow) 1,129.83 1,129.83
HAWORTH, Constance(Widow) 3,250.93 3,250.93
JONES, Evelyn M. (Widow) 292.69 292.69
LARSON, William (Firefighter)
LAVALLEY,Theodele(Captain) 418.69 418.69
MATTHEW,James(Deputy Chief)
MC LAUGHLIN, Barbara M. (Widow) 1,025.54 1,025.54
NEWTON, Gary(Lieutenant)320.79 320.79
NICHOLS, Gerald (Battalion Chief) 527.99 527.99
PARKS-ANDREASON,Arlene(Widow) 287.67 287.67
PHILLIPS, Bruce H. (Deputy Chief) 215.01 215.01
PRINGLE,Arthur(Captain) 549.56 549.56
PRINGLE, S.Joan (Widow) 2,792.91 2,792.91
RIGGLE, David E. (Firefighter D Step) 110.43 110.43
RUPPRECHT,Jim (Firefighter D Step) 148.30 148.30
SMITH, Leroy(Firefighter) 464.52 464.52
STROM, Doris(Widow) 3,565.25 3,565.25
TODD,Tess R. (Widow) 529.39 529.39
TONDA, Lila Jean (Widow) 42.60 42.60
VACCA, Nick(Lieutenant) 361.49 361.49
WALLS, Camille(Widow) 178.91 178.91
WALLS, Mercedes(Widow) 66.04 66.04
WEISS, Cheryl (Widow) 773.26 773.26
WILLIAMS,Alta (Widow)
WOOTEN, Marilyn E. (Widow) 279.31 279.31
Total Expenses: Pension/Medical 18,269.67 0.00 18,269.67
Prior Year Pension/Medical Payments:
Total Pension Payments for February, 2014 15,019.03
Total Medical Bills Reimbursed in February, 2014 0.00
Total Expenses: Medical/Pension 15,019.03
4 SUMMARY 2015.xls 3/9/2015
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR MARCH, 2015
Recipient Pension Amt Medical Total
ANKENY, Charlie(Captain) 174.57 174.57
BARILLEAUX, Ray(Battalion Chief)
BEATTEAY, Karlen (Widow) 272.24 272.24
BERGMAN, Claudette(Widow) 187.30 187.30
CHRISTENSON, Chuck(Firefighter) 304.45 304.45
GEISSLER, Dick(Fire Chief)
GOODWIN, Kathryn Lorayne(Widow) 1,129.83 1,129.83
HAWORTH,Constance(Widow) 3,250.93 3,250.93
JONES, Evelyn M. (Widow) 292.69 292.69
LARSON, William (Firefighter)
LAVALLEY,Theodele(Captain) 418.69 418.69
MATTHEW,James(Deputy Chief)
MC LAUGHLIN, Barbara M. (Widow) 1,025.54 1,025.54
NEWTON, Gary(Lieutenant)320.79 320.79
NICHOLS, Gerald (Battalion Chief) 527.99 527.99
PARKS-AN DREASON,Arlene(Widow) 287.67 287.67
PHILLIPS, Bruce H. (Deputy Chief) 215.01 215.01
PRINGLE,Arthur(Captain) 549.56 549.56
PRINGLE,S.Joan (Widow) 2,792.91 2,792.91
RIGGLE, David E. (Firefighter D Step) 110.43 110.43
RUPPRECHT,Jim (Firefighter D Step) 148.30 148.30
SMITH, Leroy(Firefighter) 464.52 464.52
STROM, Doris(Widow) 3,565.25 3,565.25
TODD,Tess R. (Widow) 529.39 529.39
TONDA, Lila Jean (Widow) 42.60 42.60
VACCA, Nick(Lieutenant) 361.49 361.49
WALLS, Camille(Widow) 178.91 178.91
WALLS, Mercedes(Widow) 66.04 66.04
WEISS,Cheryl (Widow) 773.26 773.26
WILLIAMS,Alta (Widow)
WOOTEN, Marilyn E. (Widow) 279.31 279.31
Total Expenses: Pension/Medical 18,269.67 0.00 18,269.67
Prior Year Pension/Medical Payments:
Total Pension Payments for March, 2014 15,019.03
Total Medical Bills Reimbursed in March, 2014 0.00
Total Expenses: Medical/Pension 15,019.03
4-SUMMARY 2015.x1s 3/9/2015