HomeMy WebLinkAbout2020.02.10 Fireman Pension Board Agenda Packet
FIREMAN PENSION BOARD
Meeting Agenda
____________________________________________________________________
February 10, 2020
6:00 p.m.
Pasco City Hall – Conference Room No. 1
1. Call to order and Roll call:
Present: Alvie Covington Harvey Swoboda Scott Maloy-Alternate
Debby Barham Mayor Saul Martinez
Richa Sigdel Mayor Pro Tem Blanche Barajas - Alternate
Griselda Garcia
2. Minutes:
Approve October 14, 2019 Meeting Minutes.
Motion was made by ____________________and seconded by _______________
to approve the minutes.
3. Bills:
Approve 2019 Fourth 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:
6. Old Business:
7. Adjourn:
Next Regular Meeting: April 13, 2020
October 14, 2019 Fireman Pension Board Meeting Minutes - Approved on _____________
FIREMAN PENSION BOARD
OCTOBER 14, 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, Board Member; Harvey Swoboda, Board Member;
Griselda Garcia, Lead Accountant; and Debby Barham, City Clerk.
Approval of Minutes:
Mr. Covington moved and Mr. Swoboda seconded a motion to approve July 8, 2019 meeting minutes.
Motion carried unanimously.
Transaction Ledger:
Ms. Garcia presented a copy of the 2019 3rd Quarter Transaction Ledger.
Following discussion, Mr. Swoboda moved and Mr. Covington seconded a motion to approve the
expenditure transactions as presented. Motion carried unanimously.
Financial Report:
The Board discussed the 2019 3rd Quarter financial statement presented by Ms. Garcia.
New Business:
Proposed 2020 Meeting Schedule.
Mr. Swoboda moved and Mr. Covington seconded a motion to approve the 2020 Fireman Pension
Board Meeting Schedule. Motion carried unanimously.
Old Business:
None.
Adjournment:
There being no other business, the meeting was adjourned at 6:06 p.m.
________________________________
Debra Barham, Secretary
DRAFT
Number Date
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
FUND 610 - PENSION
Journal Entry
2019-0056 10/31/2018 10/31/2018 Administrative Expense Chargeback City of Pasco 140.75
2019-0056 11/30/2018 11/30/2018 Administrative Expense Chargeback City of Pasco 140.75
2019-0056 12/31/2018 12/31/2018 Administrative Expense Chargeback City of Pasco 140.75
Type JE Totals: $422.25
53013 10/1/2019 10/8/2019
Payroll Check Bailie, Beverly 290.21
53014 10/1/2019 10/7/2019
Payroll Check Parks, Randall 1,117.29
53015 10/1/2019 10/7/2019
Payroll Check Swoboda, Harvey 1,320.59
53062 11/1/2019 11/5/2019
Payroll Check Bailie, Beverly 290.21
53064 11/1/2019 11/4/2019
Payroll Check Swoboda, Harvey 1,320.59
53063 11/1/2019 11/5/2019
Payroll Check Parks, Randall 1,117.29
53107 12/1/2019 12/5/2019
Payroll Check Bailie, Beverly 290.21
53108 12/1/2019 12/6/2019
Payroll Check Parks, Randall 1,117.29
53109 12/1/2019 12/5/2019
Payroll Check Swoboda, Harvey 1,320.59
$8,184.27
EFT
30139888 10/1/2019 10/1/2019
Payroll EFT Covington, Alvie 687.62
30139889 10/1/2019 10/1/2019
Payroll EFT Ellingson, Janet 845.03
30139890 10/1/2019 10/1/2019
Payroll EFT Maloy, Walter 1,810.48
30139892 10/1/2019 10/1/2019
Payroll EFT Rickenback, Barbara 2,876.48
30139891 10/1/2019 10/1/2019
Nelson, Opal 1,619.75
30140944 11/1/2019 11/1/2019
Payroll EFT Covington, Alvie 687.62
30140945 11/1/2019 11/1/2019
Payroll EFT Ellingson, Janet 845.03
30140946 11/1/2019 11/1/2019
Payroll EFT Maloy, Walter 1,810.48
30140947 11/1/2019 11/1/2019
Payroll EFT Nelson, Opal 1,619.75
30140948 11/1/2019 11/1/2019
Payroll EFT Rickenback, Barbara 2,876.48
30141994 12/1/2019 12/2/2019
Payroll EFT Covington, Alvie 687.62
30141995 12/1/2019 12/2/2019
Payroll EFT Ellingson, Janet 845.03
30141996 12/1/2019 12/1/2019
Payroll EFT Maloy, Walter 1,810.48
30141997 12/1/2019 12/1/2019
Payroll EFT Nelson, Opal 1,619.75
30141998 12/1/2019 12/1/2019
Payroll EFT Rickenback, Barbara 2,876.48
2 - Payroll Totals 26 Transactions $23,518.08
All Types Totals Fund 610 - Pension $32,124.60
CITY OF PASCO - PRODUCTION
Fire Pension Fund Payment Register
From Payment Date: 10/1/2019 - To Payment Date: 12/31/2019
2 - Payroll
Check
Page 1 of 2
Number Date
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
CITY OF PASCO - PRODUCTION
Fire Pension Fund Payment Register
From Payment Date: 10/1/2019 - To Payment Date: 12/31/2019
FUND 619 - OPEB (Medical)
2019-834 10/1/2019 10/1/2019 Old Fire Pension Medical Premium City of Pasco 7,295.00
2019-834 11/1/2019 11/1/2019 Old Fire Pension Medical Premium City of Pasco 7,295.00
2019-834 12/1/2019 12/1/2019 Old Fire Pension Medical Premium City of Pasco 7,295.00
Insurance Premium Totals 21,885.00$
2019-056 10/1/2019 10/1/2019 Administrative Expense ChargebackCity of Pasco 165.83
2019-056 11/1/2019 11/1/2019 Administrative Expense ChargebackCity of Pasco 165.83
2019-056 12/1/2019 12/1/2019 Administrative Expense ChargebackCity 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 PASCOFIRE PENSION FUND FINANCIAL STATEMENTS -4th Quarter 2019October 1, 2019 through December 31, 2019 BALANCE SHEETBOOK MARKET BOOK MARKET BOOK MARKET BOOK MARKET VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUEASSETSCASH - INVESTED WITH CITY PORTFOLIO 13,476 13,476 1,005 1,005 436,529 436,529 440,530 440,530 INVESTMENTSAMERICAN FUNDS - INVEST CO. OF AMERICA*2,546,234 2,546,234 2,271,878 2,084,823 AMERICAN FUNDS - WASH. MUT. INVESTORS* 3,438,460 3,438,460 2,841,004 2,844,174 SBA Dev. PARTICIPATION CERTIFICATES15,070 15,070 24,889 19,368 ACCOUNTS RECIEVABLE - INVESTMENT DIVIDEND 18,706 18,706 - - 18,319 18,319 - INVESTMENT IN LID 146 10,869 10,869 27,346 18,330 TOTAL ASSETS3,470,642 3,470,642 2,842,009 2,845,179 3,027,021 3,027,021 2,764,643 2,563,050 FUND EQUITYRESERVED FUND EQUITY 3,470,642 2,842,009 3,027,021 2,764,643 TOTAL LIABILITIES AND FUND EQUITY3,470,642 2,842,009 3,027,021 2,764,643 STATEMENT OF REVENUES OVER EXPENDITURESDecember 31 December 31 EXCLUDING UNREALIZED GAINS & LOSSES2019 2018 2019 2018REVENUESFIRE INSURANCE PREMIUM TAX (STATE-Annual/May)73,500 73,414 INTEREST INCOME-AMERICAN FUNDS 52,000 57,075 34,310 41,675 INVESTMENT INTEREST INCOME 5,000 89 8,100 6,555 TOTAL REVENUES 57,000 57,163 115,910 121,644 EXPENDITURESPENSIONS131,781 128,399 MISCELLANEOUS PROF SERVICES - 375 3,500 ADMINISTRATIVE SERVICES 1,990 2,167 1,689 1,423 MEDICAL INSURANCE - INTERFUND 87,540 87,540 - 1RETIREE MEDICAL SERVICES238 3,119 - TOTAL EXPENDITURES 89,768 93,201 133,470 133,322 REVENUES OVER EXPENDITURES(32,768) (36,038) (17,560) (11,678) *Book value means fair market value at end of previous year plus reinvested dividends, less redemptions in current year.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 610UNADJUSTED FINAL UNADJUSTED FINALDecember 31 December 31 December 31 December2019 2018 2019 2018OPEB (MEDICAL) - FUND 619 PENSION - FUND 610December 31 December 31