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Home My WebLink About2015.01.12 PFB Meeting PacketFireman Pension Board Meeting Agenda Date: January 12, 2015 Location: Conference Room No. 1 CALL TO ORDER: Meeting called to order at pm by ROLL CALL: Regular Meeting 6:00pm Present: ❑ Rebecca Francik ❑ Harvey Swoboda ❑ Scott Maloy-Alternate ❑ Debbie Clark ❑ Alvie Covington ❑ Saul Martinez -Alternate ❑ Eva Lindgren MINUTES: Approval of October 13, 2014 Minutes Motion was made by and seconded by approve the minutes. Motion passed unanimously. OR — Motion to approve the minutes with corrections BILLS: Copy of the monthly transaction ledger for December is attached. Motion was made by and seconded by approve the expenditure transactions as presented. Motion passed Unanimously. FINANCIAL STATEMENT: Presented by staff OLD BUSINESS: NEW BUSINESS: ADJOURN Next regular meeting: April 13, 2015 to to FIRE PENSION BOARD MEETING MINUTES October 13, 2014 CALL TO ORDER: Meeting called to order at 6:08 p.m. by Dunyele Mason. ROLL CALL: Those Present: Debbie Clark, Dunyele Mason Alvie Covington, Harvey Swoboda, Scott Maloy Those Absent: Rebecca Francik, Colleen Chapin APPROVAL OF PRIOR MEETING MINUTES: Motion was made by Harvey Swoboda and seconded by Alvie Covington to approve the minutes as read of the May 5, 2014 meeting. Motion passed unanimously. FINANCIAL, STATEMENT: Presented. OLD BUSINESS: Process to add alternate. NEW BUSINESS: None: OTHER BUSINESS: None. ADJOURNMENT: 6:20 p.m. NEXT MEETING ON: January 12, 2015 at 6:00 p.m. CITY OF PASCO FIRE PENSION FUND FINANCIAL STATEMI=NTS BALANCE SHEET ASSETS CASH - INVESTED WITH CITY PORTFOLIO (0 231/6) INVESTMENTS AMERICAN FUNDS - INVEST CO. OF AMER. AMERICAN FUNDS - WASH. MUT. INVESTORS SBA Dev. Participation Certificates (5.37%) INVESTMENT IN LID 146 (4.1%) TOTAL ASSETS FUND EQUITY RESERVED FUND EQUITY TOTAL LIABILITIES AND FUND EQUITY QPEn (MEDICAL UNADJUSTED FMAL DECEMBER 31 DECEMBER 31 2014 2013 QOOK MARKET BOOK MARKET VALUE VALUE VALUEVALUE 93,269 93,269 1,425,593 2.567,034 20$,686 208,686 1.254,838 2,308.036 11518A62 216601303 1,483,524 2,516,T22 1 5�862 1,463,524 1, 518,862 1,463,524 OPEB (MEDICAL) STATEMENT OF REVENUES OVER EXPENDITURES DECEMBER 31 DECEMBER 31 EXGLUDING UNREAL17ED GAINS & LQ55E3 2014 2013 _ REVENUES FIRE INSURANCE PREMIUM TAX (STATE-AnnuaUMay) DIV INCOME-AMERICAN FUNDS (REINVESTED) 170,755 INVESTMENT INTEREST INCOME 187 TOTAL REVENUES 170,942 EXPENDITURES PENSIONS MISCELLANEOUS PROF SERVICES ADMINISTRATIVE SERVICES 2,982 MEDICAL INSURANCE - INTERFUND 112,622 TOTAL EXPENDITURES 115.604 REVENUES OVER EXPENDITURES 55,338 PENSION UNADJUSTEO FINAL DECEMBER 31 DECEMBER 31 2014 2013 BOOK MARKET BOOK MARKET VALUE VALUE VALUE VALUE 174,593 174,593 198.415 198,415 1.332,937 2.025.434 1.130,712 1,806.967 84.788 70,358 78,788 85,251 48,320 48.320 66,590 66,590 1,62� 0,638 �2,318.105 1,474,505_ 2,157,223 1,620.636 1,474, 505 1,620,638 1,474, 505 PENSION DECEMB R 31 DECEMBER 31 2014 2013 51,705 47,324 93,028 202.224 143,627 363 4,804 8,419 93,391 2Sg 733 199,370 102,971 152,287 g00 500 3.190 3,408 3.416 113,471 116,661 106,879 156,202 23 270 151, 854 _ 43,168 CITY OF PASCO - PRODUCTION Fire Pension Fund Payment Register From Payment Date: 101112014- To Payment Date:1213112014 Number Date Recaonciledl Source Molded Date FUND 610 - PENSION Journal Entry 2014-3348 101112014 2014-3657 1111/2014 2014-3667 12 112014 Type JE Totals: 2 - Payroll 47419 1010112014 47420 1010112014 47421 1010112014 47422 1010112014 47423 1010112014 47548 1110112014 47549 1110112014 47550 11/01/2014 47551 1110112014 47552 1110112014 47553 1110112014 47615 1=112014 47616 1210112014 47617 12i01 M2014 47610 12101/2014 47619 12JO102014 30074010 10101112014 30074011 1010112014 30074012 10f0112014 3D074013 1010112014 3D075448 1110112014 30075449 1110112014 300754.50 1110112014 3OD76402 1210112014 30076403 12/0112014 30076404 1210112014 30076405 1210112014 2 - Payroll Totals 101=014 10106=14i 1010MD14 1010312014 101=014 11MW2014 IIAW2014 Open 1110412014 1110312014 11M312014 17JOW2014 121 &W14 1210312014 1210812414 1210312014 1010112014 1010112014 10101=14 10101/2014 1110112014 1110112014 1110IJ2014 1210112014 12101/2014 12/0112014 12/0112014 A11 Types Totsis Fund 610 - Pension Administrative Expense Chargeback Administrative Expense Chargeback Adrrin1sk-ative Expense Chargeback 3 Trarsactlors Payroll Check Payroll Check PayrolI Cback P a yrN I Ctreck Payroll Check Payrdl Check Payrdl Check Payroll Check Payroll Check Payroll Check Payroll Check Payroll Check Payroll Check Payroll Check Payroll Check Payroll Check Payee Name Transaction Amount Cty of Pasco City of Pasco Oty of Pasco Bailie, Beverly Nelson, Opal Parks, Randall Rlckerback, Barbara Swoboda, Harvey Baille, Beverly Hager, Charlene Nelson, Opal Parks, Randall Rkkenhack, Barbara Swoboda, Harvey Ballie, Bevedy Nei so n Opal Parks, Rardail Rickenback, Barbara Swoboda, Harvey 268.00 268,00 271.00 $807.00 $214.40 $971.42 SUB.21 $2,527.73 $SB4.49 $214.40 $524.35 $971 A2 $828.21 $2,527.73 $864.49 $214.40 $971.42 $828.21 $2,527.73 $884.49 Payroll Check Covington, Alv a $461.37 Payml Check Ellingsor, Janet $703.00 Payroll Check Hager, Charlene $524.35 Payrgll Check Maloy, Walter $1,149.81 Pa yml I Check Covington AMe $461.37 Payroll Check EAingson, Janet $703.00 Payroll Check hlaloy, Walter $1,149.81 Payroll Check CoAngtor, AMa $461.37 Payroll Check Ellingson, Janet $703.00 Payroll Check Hager, Charlene $524.35 Payroll Check Malcy, Warier $1.149.81 27 Transacb'ons $24,794.34 "a, au z .sa Pages: 1 of 2 CITY OF PASCO - PRODUCMN Fire Pension Fund Payment Register From Payment Date: 1Oil f2414 - To Payment Date:12J3112014 Reconciled/ Tra n sac! ion Number Date Voided Date Souse Payne Name prnount FUND 619 -OPE$ (Medical} 2D14-3898 10131/2014 1W1j2014 Old Fire Pension Medical Benefit Gty of Pasco 8,o44.44 2014-4322 1113012014 1113012014 Old Fire Pension Medical Benefit Gty of Paso 8,044.44 2014-4496 IW3112014 12131/2014 Oid Fire Pension Medical Bereftt Gty Cf Pasco 8,044.44 2014-3348 101D112014 101D112014 Administative Expense Cis gebad Oty Cf Pasco 287.00 2014-3857 11/01/2014 11101/2014 Adrnb sb-ative Expense Char� Oty Cf Pasco 287.00 2014-3867 12/0112014 12/01/2014 Admhlst aitve Expense aargeback G'ty of Pasco 292.00 Type JE Totals: 6 Transactions $24,999.32 AD Types Totals: Fund 619 - OPEB (Medical) aw,aaa.a& Pages: 2 of 2