HomeMy WebLinkAbout2021.01.11 Fireman Pension Board Agenda Packet
FIREMAN PENSION BOARD
Meeting Agenda
____________________________________________________________________
January 11, 2021
6:00 p.m.
GoToMeeting at:
https://global.gotomeeting.com/join/759865357
or
1 (224) 501-3412
1. Call to order and Roll call:
Present: Alvie Covington Harvey Swoboda Scott Maloy-Alternate
Debby Barham Mayor Saul Martinez
Darcy Buckley Mayor Pro Tem Blanche Barajas - Alternate
Griselda Garcia
2. Minutes:
Approve October 12, 2020 Meeting Minutes.
Motion was made by ____________________and seconded by _______________
to approve the minutes.
3. Bills:
Approve 2020 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:
Introduce Adam Lincoln, the City of Pasco’s new Deputy City Manager.
6. Old Business:
7. Adjourn:
Next Regular Meeting: April 12, 2021
October 12, 2020 Fireman Pension Board Meeting Minutes - Approved on _____________
City of Pasco
FIREFIGHTERS’ PENSION BOARD
OCTOBER 12, 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 6:08 p.m., via GoToMeeting.
Roll Call:
Present: Saul Martinez, Mayor; Blanche Barajas, Mayor Pro Tem (Alternate Member); Harvey
Swoboda, Board Member; Alvie Covington, Board Member; Darcy Buckley, Finance Manager
and Debby Barham, City Clerk.
Approval of Minutes:
Mr. Covington moved and Ms. Barham seconded a motion to approve July 27, 2020 meeting
minutes. Motion carried unanimously.
Transaction Ledger:
Ms. Buckley presented a copy of the 2020 Third (3rd) Quarter Transaction Ledger.
Following a brief discussion, Mr. Covington moved and Mr. Swoboda seconded a motion to
approve the expenditure transactions as presented. Motion carried unanimously.
Financial Report:
Ms. Buckley presented the 2020 Third (3rd) Quarter financial statement. There no discussion
on the financial report.
New Business:
Ms. Barham provided a draft meeting schedule for 2021 and the board members agreed to
the proposed schedule.
Old Business:
None.
Adjournment:
There being no further business, the meeting adjourned at 6:14 PM.
________________________________
Debra Barham, Secretary
Number Date
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
FUND 610 - PENSION
Journal Entry
2020-1751 10/1/2020 10/1/2020 Administrative Expense Chargeback City of Pasco 143.58
2020-1751 11/1/2020 11/1/2020 Administrative Expense Chargeback City of Pasco 143.58
2020-1751 12/1/2020 12/1/2020 Administrative Expense Chargeback City of Pasco 143.58
Type JE Totals: $430.74
53439 10/1/2020 10/7/2020
Payroll Check Parks, Randall 1,159.17
53440 10/1/2020 10/7/2020
Payroll Check Swoboda, Harvey 1,523.38
53062 11/1/2020 11/4/2020
Payroll Check Swoboda, Harvey 1,523.38
53461 11/1/2020 11/5/2020
Payroll Check Parks, Randall 1,159.17
53484 12/1/2020 12/6/2020
Payroll Check Parks, Randall 1,159.17
53495 12/1/2020 Payroll Check Nelson, Opal 111.88
53485 12/1/2020 12/5/2020
Payroll Check Swoboda, Harvey 1,523.38
$8,159.53
EFT
30153198 10/1/2020 10/8/2020
Payroll EFT Bailie, Beverly 298.75
30153199 10/1/2020 10/1/2020
Payroll EFT Covington, Alvie 798.85
30152000 10/1/2020 10/1/2020
Payroll EFT Ellingson, Janet 865.72
30153201 10/1/2020 10/1/2020
Payroll EFT Maloy, Walter 1,872.35
30153202 10/1/2020 10/1/2020
Payroll EFT Nelson, Opal 1,678.19
30154235 10/1/2020 10/8/2020
Payroll EFT Bailie, Beverly 298.75
30154236 11/1/2020 11/1/2020
Payroll EFT Covington, Alvie 798.85
30154237 11/1/2020 11/1/2020
Payroll EFT Ellingson, Janet 865.72
30154238 11/1/2020 11/1/2020
Payroll EFT Maloy, Walter 1,872.35
30155261 10/1/2020 10/8/2020
Payroll EFT Bailie, Beverly 298.75
30155262 12/1/2020 12/2/2020
Payroll EFT Covington, Alvie 798.85
30155263 12/1/2020 12/2/2020
Payroll EFT Ellingson, Janet 865.72
30155264 12/1/2020 12/1/2020
Payroll EFT Maloy, Walter 1,872.35
2 - Payroll Totals 20 Transactions $13,185.20
All Types Totals Fund 610 - Pension $21,775.47
CITY OF PASCO - PRODUCTION
Fire Pension Fund Payment Register
From Payment Date: 10/1/2020 - To Payment Date: 12/31/2020
2 - Payroll
Check
Page 1 of 2
Number Date
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
CITY OF PASCO - PRODUCTION
Fire Pension Fund Payment Register
From Payment Date: 10/1/2020 - To Payment Date: 12/31/2020
FUND 619 - OPEB (Medical)
2020-1372 10/1/2020 10/1/2020 Old Fire Pension Medical Premium City of Pasco 7,295.00
2020-1372 11/1/2020 11/1/2020 Old Fire Pension Medical Premium City of Pasco 7,295.00
2020-1372 12/1/2020 12/1/2020 Old Fire Pension Medical Premium City of Pasco 7,295.00
Insurance Premium Totals 21,885.00$
2020-1751 10/1/2020 10/1/2020 Administrative Expense Chargeback City of Pasco 104.17
2020-1751 11/1/2020 11/1/2020 Administrative Expense Chargeback City of Pasco 104.17
2020-1751 12/1/2020 12/1/2020 Administrative Expense Chargeback City of Pasco 104.17
Administrative Expense Totals $ 312.51
$ 22,197.51 All Types Totals: Fund 619 - OPEB (Medical)
Page 2 of 2
CITY OF PASCO
FIRE PENSION FUND
FINANCIAL STATEMENTS -4th Quarter 2020
October 1, 2020 through December 31, 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**77,166 77,166 13,476 13,476 481,169 481,169 436,529 436,529
INVESTMENTS
AMERICAN FUNDS - INVEST CO. OF AMERICA*2,866,912 2,866,912 2,546,234 2,546,234
AMERICAN FUNDS - WASH. MUT. INVESTORS*3,554,976 3,554,976 3,438,460 3,438,460
SBA Dev. PARTICIPATION CERTIFICATES 10,654 10,654 15,070 15,070
ACCOUNTS RECIEVABLE - INVESTMENT DIVIDEND 18,706 18,706 - - 18,319 18,319
INVESTMENT IN LID 146 8,469 8,469 10,869 10,869
TOTAL ASSETS 3,632,142 3,632,142 3,470,642 3,470,642 3,367,204 3,367,204 3,027,021 3,027,021
FUND EQUITY
RESERVED FUND EQUITY 3,632,142 3,470,642 3,367,204 3,027,021
TOTAL LIABILITIES AND FUND EQUITY 3,632,142 3,470,642 3,367,204 3,027,021
STATEMENT OF REVENUES OVER EXPENDITURES December 31 December 31
EXCLUDING UNREALIZED GAINS & LOSSES 2020 2019 2020 2019
REVENUES
FIRE INSURANCE PREMIUM TAX (STATE-Annual/May)89,252 73,500
INTEREST INCOME-AMERICAN FUNDS 62,129 52,000 39,955 34,310
INVESTMENT INTEREST INCOME 146 5,000 3,506 8,100
TOTAL REVENUES 62,275 57,000 132,713 115,910
EXPENDITURES
PENSIONS 111,111 131,781
MISCELLANEOUS PROF SERVICES - - 375
ADMINISTRATIVE SERVICES 1,250 1,990 1,723 1,067
MEDICAL INSURANCE - INTERFUND 87,540 87,540
1RETIREE MEDICAL SERVICES 3,500 238
TOTAL EXPENDITURES 92,290 89,768 113,209 132,849
REVENUES OVER EXPENDITURES (30,015) (32,768) 19,504 (16,939)
*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 610
UNADJUSTED FINAL UNADJUSTED FINAL
December 31 December 31 December 31 December
2020 2019 2020 2019
OPEB (MEDICAL) - FUND 619 PENSION - FUND 610
December 31 December 31