HomeMy WebLinkAbout2020.10.12 Fireman Pension Board Agenda Packet
FIREMAN PENSION BOARD
Remote Meeting Agenda
____________________________________________________________________
October 12 2020
6:00 p.m.
GoToMeeting
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
Darcy Buckley _____________ - Guest
2. Minutes:
Approve July 27, 2020 Meeting Minutes.
Motion was made by ____________________and seconded by
_______________ to approve the minutes.
3. Bills:
Approve 2020 Third Quarter Transaction Ledger.
Motion was made by ____________________and seconded by
_______________ to approve the expenditure transactions as presen ted.
4. Financial Statement:
Presentation by staff.
5. New Business:
Proposed Meeting Schedule for 2021
6. Old Business:
7. Adjourn:
Next Regular Meeting: January 11, 2021
July 27, 2020 Fireman Pension Board Meeting Minutes - Approved on _____________
City of Pasco
FIREFIGHTERS’ PENSION BOARD
JULY 27, 2020
REMOTE MEETING MINUTES
Call To Order:
Due to the on-going COIVD-19 pandemic, Mayor Saul Martinez called the Firefighters’
Pension Board meeting to order at 6:00 p.m., via GoToMeeting.
Roll Call:
Present: Saul Martinez, Mayor; Blanche Barajas, Mayor Pro Tem (Alternate Member); Harvey
Swoboda, Board Member; Scott Maloy, Alternate Board Member; Richa Sigdel, Finance
Director; Darcy Buckley, Finance Manager and Debby Barham, City Clerk.
Approval of Minutes:
Mr. Swoboda moved and Mr. Maloy seconded a motion to approve June 8, 2020 meeting
minutes. Motion carried unanimously.
Transaction Ledger:
Ms. Sigdel presented a copy of the 2020 Second (2nd) Quarter Transaction Ledger.
Following a brief discussion, Mr. Swoboda moved and Ms. Barham seconded a motion to
approve the expenditure transactions as presented. Motion carried unanimously.
Financial Report:
Ms. Sigdel presented the 2020 Second (2nd) Quarter financial statement stating that it is stable
and business as usual with little impact from the COVID -19 crisis. There no discussion on the
financial report.
New Business:
Ms. Barham noted that Mr. Covington was unable to attend the meeting due to a medical
issue.
Mr. Swoboda shared that Mrs. Barbara Rickenback, a surviving firefighter’s widow, passed
away recently.
Ms. Sigdel introduced Darcy Buckley, the City of Pasco’s new Finance Manager.
July 27, 2020 Fireman Pension Board Meeting Minutes - Approved on _____________
Old Business:
None.
Adjournment:
There being no further business, the meeting adjourned at 6:14 PM.
________________________________
Debra Barham, Secretary
Number Date
Reconciled/
Voided Date Payee Name Transaction
Amount
FUND 610 - PENSION
Journal Entry
2020-1751 7/1/2020 7/1/2020 City of Pasco 143.58
2020-1751 8/1/2020 8/1/2020 City of Pasco 143.58
2020-1751 9/1/2020 9/1/2020 City of Pasco 143.58
Type JE Totals: $430.74
53365 7/1/2020 7/1/2020
Parks, Randall 1,159.17
53366 7/1/2020 7/1/2020
Swoboda, Harvey 1,523.38
53397 8/1/2020 8/1/2020
Parks, Randall 1,159.17
53398 8/1/2020 8/1/2020
Swoboda, Harvey 1,523.38
53413 9/1/2020 9/1/2020
Parks, Randall 1,159.17
53414 9/1/2020 9/1/2020
Swoboda, Harvey 1,523.38
$8,047.65
EFT
30149594 7/1/2020 7/1/2020
Bailie, Beverly 298.75
30149595 7/1/2020 7/1/2020
Covington, Alvie 798.85
30149596 7/1/2020 7/1/2020
Ellingson, Janet 865.72
30149597 7/1/2020 7/1/2020
Maloy, Walter 1,872.35
30149598 7/1/2020 7/1/2020
Nelson, Opal 1,678.19
30151131 8/1/2020 8/1/2020
Bailie, Beverly 298.75
30151132 8/1/2020 8/1/2020
Covington, Alvie 798.85
30151133 8/1/2020 8/1/2020
Ellingson, Janet 865.72
30151134 8/1/2020 8/1/2020
Maloy, Walter 1,872.35
30151135 8/1/2020 8/1/2020
Nelson, Opal 1,678.19
30152164 9/1/2020 9/1/2020
Bailie, Beverly 298.75
30152165 9/1/2020 9/1/2020
Covington, Alvie 798.85
30152165 9/1/2020 9/1/2020
Ellingson, Janet 865.72
30152167 9/1/2020 9/1/2020
Maloy, Walter 1,872.35
301522168 9/1/2020 9/1/2020
Nelson, Opal 1,678.19
2 - Payroll Totals $24,589.23
All Types Totals Fund 610 - Pension $25,019.97
CITY OF PASCO - PRODUCTION
Payment Register
From Payment Date: 7/1/2020 - To Payment Date: 9/30/2020
2 - Payroll
Check
Page 1 of 3
Number Date
Reconciled/
Voided Date Payee Name Transaction
Amount
CITY OF PASCO - PRODUCTION
Payment Register
From Payment Date: 7/1/2020 - To Payment Date: 9/30/2020
FUND 619 - OPEB (Medical)
2020-1372 7/1/2020 7/1/2020 City of Pasco 7,295.00
2020-1372 8/1/2020 8/1/2020 City of Pasco 7,295.00
2020-1372 9/1/2020 9/1/2020 City of Pasco 7,295.00
Insurance Premium Totals 21,885.00$
2020-1751 7/1/2020 7/1/2020 City of Pasco 104.17
2020-1751 8/1/2020 8/1/2020 City of Pasco 104.17
2020-1751 9/1/2020 9/1/2020 City of Pasco 104.17
Administrative Expense Totals $ 312.51
$ 22,197.51 All Types Totals: Fund 619 - OPEB (Medical)
Page 2 of 3
CITY OF PASCO
FIRE PENSION FUND
FINANCIAL STATEMENTS -3rd Quarter 2020
JULY 1, 2020 through SEPTEMBER 30, 2020
BALANCE SHEET BOOK MARKET BOOK MARKET BOOK MARKET BOOK MARKET
VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUE
ASSETS
CASH - INVESTED WITH CITY PORTFOLIO (8,486) (8,486) 35,766 35,766 478,391 478,391 463,999 452,387
INVESTMENTS
AMERICAN FUNDS - INVEST CO. OF AMERICA*2,546,234 2,585,513 2,084,823 2,342,040
AMERICAN FUNDS - WASH. MUT. INVESTORS*3,438,460 3,275,642 2,784,174 3,213,232
SBA Dev. PARTICIPATION CERTIFICATES 11,810 11,810 17,308 17,610
INVESTMENT IN LID 146 10,869 10,869 11,169 11,169
TOTAL ASSETS 3,429,974 3,267,156 2,819,940 3,248,998 3,047,304 3,086,583 2,577,298 2,894,221
FUND EQUITY
RESERVED FUND EQUITY 3,429,974 2,819,940 3,047,304 2,577,298
TOTAL LIABILITIES AND FUND EQUITY 3,429,974 2,819,940 3,047,304 2,577,298
*Dividend deposit is in transit for $14,639 for OPEB fund.
STATEMENT OF REVENUES OVER EXPENDITURES SEPTEMBER 30 SEPTEMBER 30
EXCLUDING UNREALIZED GAINS & LOSSES 2020 2019 2019 2019
REVENUES
FIRE INSURANCE PREMIUM TAX (STATE-Annual/May)89,252 73,414
INTEREST INCOME-AMERICAN FUNDS 29,279 36,475 19,948 25,994
INVESTMENT INTEREST INCOME 146 479 2,517 4,395
TOTAL REVENUES 29,425 36,954 111,716 103,803
EXPENDITURES
PENSIONS 89,766 96,667
MISCELLANEOUS PROF SERVICES 3,500 187 375 3,500
ADMINISTRATIVE SERVICES 938 2,898 1,292 1,067
MEDICAL INSURANCE - INTERFUND 65,655 72,950 - -
1RETIREE MEDICAL SERVICES - 50,003 - -
TOTAL EXPENDITURES 70,093 76,035 91,434 101,234
REVENUES OVER EXPENDITURES (40,668) (39,081) 20,283 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
2020 2019 2019 2019
OPEB (MEDICAL) - FUND 619 PENSION - FUND 610
UNADJUSTED FINAL UNADJUSTED FINAL
Fireman Pension Board
2021
Quarterly Meeting Schedule
2ND Monday
(Meetings date subject to change due to availability of participants)
Location: GoToMeeting until Proclamation No. 20-28 is lifted and then
Pasco City Hall
Conference Room No. 1
January 11, 2021 6:00 pm
April 12, 2021 6:00 pm
MID-YEAR [COLA & Retro Pay Calculation Presentation by HR]
July 12, 2021 6:00 pm
October 11, 2021 6:00 pm