HomeMy WebLinkAbout2019.10.14 FPB PacketFIREMAN PENSION BOARD
Meeting Agenda
____________________________________________________________________
October 14, 2019
6:00 p.m.
Pasco City Hall – Conference Room No. 1
1.Call to order and Roll call:
Present: Alvie Covington
Debby Barham
Richa Sigdel
Harvey Swoboda Scott Maloy-Alternate
Mayor Matt Watkins
Mayor Pro Tem Craig Maloney - Alternate
Griselda Garcia
2.Minutes:
Approve July 8, 2019 Meeting Minutes.
Motion was made by ____________________and seconded by _______________
to approve the minutes.
3.Bills:
Approve Third Quarter Transaction Ledger.
Motion was made by ____________________and seconded by _______________
to approve the expenditure transactions as presented.
4.Financial Statement:
Presentation by staff
5.New Business:
Approve the 2020 Meeting Schedule.
Motion was made by ____________________and seconded by _______________
to approve the 2020 Fireman Pension Board Meeting schedule as presented.
6.Old Business:
7.Adjourn:
Next Regular Meeting: January 13, 2020
FIREMAN PENSION BOARD
Minutes – July 8, 2019
FIREMAN PENSION BOARD
JULY 8, 2019
MINUTES
Call To Order:
The meeting was called to order at 6:00 p.m., by Mayor Matt Watkins in Conference Room No. 1 at
Pasco City Hall.
Roll Call:
Present: Mayor Matt Watkins, Alvie Covington, Harvey Swoboda, Griselda Garcia, Lead Accountant,
and Angela Pashon, Interim City Clerk. Alternates Scott Maloy (arrived at 6:06 p.m.) and Craig
Maloney.
Approval of Minutes:
Mr. Swoboda moved and Mr. Covington seconded to approve April 8, 2019 meeting minutes. Motion
carried unanimously.
Transaction Ledger:
Ms. Garcia presented a copy of the 2019 2nd Quarter Transaction Ledger.
Following discussion, Mr. Covington moved and Mr. Swoboda seconded to approve the expenditure
transactions as presented. Motion carried unanimously.
Financial Report:
The Board discussed the 2019 2nd Quarter financial statement presented by Ms. Garcia.
New Business:
Ms. Chapin presented the recent COLA and retro pay calculations.
Old Business:
None.
Adjournment:
There being no other business, the meeting was adjourned at 6:11 p.m.
________________________________
Angela Pashon, Secretary
DRAFT
Number Date
Reconciled/
Voided Date Payee Name Transaction
Amount
FUND 610 - PENSION
Journal Entry
2019-0056 7/1/2019 7/1/2019 City of Pasco 140.75
2019-0056 8/1/2019 8/1/2019 City of Pasco 140.75
2019-0056 9/1/2019 9/1/2019 City of Pasco 140.75
Type JE Totals: $422.25
52678 7/1/2019 7/5/2019
Bailie, Beverly 290.21
52679 7/1/2019 7/9/2019
Parks, Randall 1,117.29
52680 7/1/2019 7/9/2019
Swoboda, Harvey 1,467.32
52800 8/1/2019 8/2/2019
Bailie, Beverly 290.21
52801 8/1/2019 8/6/2019
Parks, Randall 1,117.29
52802 8/1/2019 8/6/2019
Swoboda, Harvey 1,467.32
52946 9/1/2019 9/10/2019
Bailie, Beverly 290.21
52947 9/1/2019 9/9/2019
Parks, Randall 1,117.29
52948 9/1/2019 9/9/2019
Swoboda, Harvey 1,467.32
$8,624.46
EFT
30135990 7/1/2019 7/1/2019
Covington, Alvie 764.02
30135991 7/1/2019 7/1/2019
Ellingson, Janet 845.03
30135992 7/1/2019 7/1/2019
Maloy, Walter 1,810.48
30135993 7/1/2019 7/1/2019
Nelson, Opal 1,619.75
30135994 7/1/2019 7/1/2019
Rickenback, Barbara 2,876.48
30137100 8/1/2019 8/1/2019
Covington, Alvie 764.02
30137101 8/1/2019 8/1/2019
Ellingson, Janet 845.03
30137102 8/1/2019 8/1/2019
Maloy, Walter 1,810.48
30137103 8/1/2019 8/1/2019
Nelson, Opal 1,619.75
30137104 8/1/2019 8/1/2019
Rickenback, Barbara 2,876.48
30138794 9/1/2019 9/1/2019
Covington, Alvie 764.02
30138795 9/1/2019 9/1/2019
Ellingson, Janet 845.03
30138796 9/1/2019 9/1/2019
Maloy, Walter 1,810.48
30138797 9/1/2019 9/1/2019
Nelson, Opal 1,619.75
30138798 9/1/2019 9/1/2019
Rickenback, Barbara 2,876.48
2 - Payroll Totals $23,747.28
All Types Totals Fund 610 - Pension $32,793.99
CITY OF PASCO - PRODUCTION
Payment Register
From Payment Date: 7/1/2019 - To Payment Date: 9/30/2019
2 - Payroll
Check
Page 1 of 2
Number Date
Reconciled/
Voided Date Payee Name Transaction
Amount
CITY OF PASCO - PRODUCTION
Payment Register
From Payment Date: 7/1/2019 - To Payment Date: 9/30/2019
FUND 619 - OPEB (Medical)
2019-834 7/1/2019 7/1/2019 City of Pasco 7,295.00
2019-834 8/1/2019 8/1/2019 City of Pasco 7,295.00
2019-834 9/1/2019 9/1/2019 City of Pasco 7,295.00
Insurance Premium Totals 21,885.00$
2019-056 7/1/2019 7/1/2019 City of Pasco 165.83
2019-056 8/1/2019 8/1/2019 City of Pasco 165.83
2019-056 9/1/2019 9/1/2019 City of Pasco 165.83
Administrative Expense Totals $ 497.49
$ 22,382.49 All Types Totals: Fund 619 - OPEB (Medical)
Page 2 of 2
CITY OF PASCO
FIRE PENSION FUND
FINANCIAL STATEMENTS -3rd Quarter 2019
JULY 1, 2019 through SEPTEMBER 30, 2019
BALANCE SHEET BOOK MARKET BOOK MARKET BOOK MARKET BOOK MARKET
VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUE
ASSETS
CASH - INVESTED WITH CITY PORTFOLIO 35,766 35,766 6,034 6,034 463,999 452,387 452,768 452,768
INVESTMENTS
AMERICAN FUNDS - INVEST CO. OF AMERICA*2,084,823 2,342,040 2,271,878 2,401,139
AMERICAN FUNDS - WASH. MUT. INVESTORS*2,784,174 3,213,232 2,986,331 3,155,608
SBA Dev. PARTICIPATION CERTIFICATES 17,308 17,610 22,366 22,366
INVESTMENT IN LID 146 11,169 11,169 18,330 18,330
TOTAL ASSETS 2,819,940 3,248,998 2,992,365 3,161,642 2,577,298 2,823,207 2,765,342 2,894,221
FUND EQUITY
RESERVED FUND EQUITY 2,819,940 2,992,365 2,577,298 2,765,342
TOTAL LIABILITIES AND FUND EQUITY 2,819,940 2,992,365 2,577,298 2,765,342
STATEMENT OF REVENUES OVER EXPENDITURES SEPTEMBER 30 SEPTEMBER 30
EXCLUDING UNREALIZED GAINS & LOSSES 2019 2018 2019 2018
REVENUES
FIRE INSURANCE PREMIUM TAX (STATE-Annual/May)81,458 73,414
INTEREST INCOME-AMERICAN FUNDS 42,069 36,475 28,620 25,994
INVESTMENT INTEREST INCOME 77 479 4,847 4,395
TOTAL REVENUES 42,146 36,954 114,924 103,803
EXPENDITURES
PENSIONS 99,410 96,667
MISCELLANEOUS PROF SERVICES - 187 - 3,500
ADMINISTRATIVE SERVICES 1,492 2,898 1,267 1,067
MEDICAL INSURANCE - INTERFUND 65,655 72,950 - -
1RETIREE MEDICAL SERVICES 238 50,003 - -
TOTAL EXPENDITURES 67,385 76,035 100,676 101,234
REVENUES OVER EXPENDITURES (25,239) (39,081) 14,248 2,569
1This account was added to account for medical expense not covered by insurance for Old Fire Pensioners, which was previously accounted for in General Fund.
OPEB (MEDICAL) - FUND 619 PENSION - FUND 610
SEPTEMBER 30 SEPTEMBER 30
SEPTEMBER 30 SEPTEMBER 30 SEPTEMBER 30 SEPTEMBER 30
2019 2018 2019 2018
OPEB (MEDICAL) - FUND 619 PENSION - FUND 610
UNADJUSTED FINAL UNADJUSTED FINAL
Fireman Pension Board
2020
Quarterly Meeting Schedule
2ND Monday
(Meetings date subject to change due to availability of participants)
Location: Pasco City Hall
Conference Room No. 1
January 13, 2020 6:00 pm
April 13, 2020 6:00 pm
MID-YEAR [COLA & Retro Pay Calculation Presentation by HR]
July 13, 2020 6:00 pm
October 12, 2020 6:00 pm