HomeMy WebLinkAbout2021.04.12 Fireman Pension Board Agenda Packet
FIREMAN PENSION BOARD
Meeting Agenda
____________________________________________________________________
April 12, 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
Charlene Sandland
2. Minutes:
Approve January 11, 2021 Meeting Minutes.
Motion was made by ____________________and seconded by _______________
to approve the January 11, 2021, Meeting Minutes.
3. Bills:
Approve 2021 First 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: July 12, 2021
January 11, 2021 Fireman Pension Board Meeting Minutes - Approved on _____________
City of Pasco
FIREFIGHTERS’ PENSION BOARD
JANUARY 11, 2021
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. Swoboda moved and Mr. Covington am seconded a motion to approve October 12, 2020
meeting minutes. Motion carried unanimously.
Transaction Ledger:
Ms. Buckley presented a copy of the 2020 Fourth (4th) Quarter Transaction Ledger.
Following a brief discussion, Mr. Swoboda moved and Mr. Covington seconded a motion to
approve the expenditure transactions as presented. Motion carried unanimously.
Financial Report:
Ms. Buckley presented the 2020 Fourth (4th) Quarter financial statement. There no discussion
on the financial report.
New Business:
Mayor Martinez introduced Adam Lincoln, the City of Pasco ’s new Deputy City Manager.
Old Business:
None.
Adjournment:
There being no further business, the meeting adjourned at 6:13 PM.
________________________________
Debra Barham, Secretary
Number Date
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
FUND 610 - PENSION
Journal Entry
2021-0056 1/31/2021 1/31/2021 Administrative Expense Chargeback City of Pasco 143.58
2021-0056 2/28/2021 2/28/2021 Administrative Expense Chargeback City of Pasco 143.58
2021-0056 3/31/2021 3/31/2021 Administrative Expense Chargeback City of Pasco 143.58
Type JE Totals: $430.74
53512 1/1/2021 1/7/2021
Payroll Check Parks, Randall 1,159.17
53513 1/1/2021 1/3/2021
Payroll Check Swoboda, Harvey 1,523.38
53530 2/1/2021 2/10/2021
Payroll Check Parks, Randall 1,275.33
53531 2/1/2021 2/10/2021
Payroll Check Swoboda, Harvey 1,687.10
53548 3/1/2021 4/2/2021
Payroll Check Parks, Randall 1,217.25
53549 3/1/2021 3/4/2021
Payroll Check Swoboda, Harvey 1,605.24
$8,467.47
EFT
30156798 1/1/2021 1/1/2021
Payroll EFT Covington, Alvie 798.85
30156799 1/1/2021 1/1/2021
Payroll EFT Ellingson, Janet 865.72
30156800 1/1/2021 1/1/2021
Payroll EFT Maloy, Walter 1,872.35
30156797 1/1/2021 1/1/2021
Payroll EFT Bailie, Beverly 250.64
30157803 2/1/2021 2/1/2021
Payroll EFT Covington, Alvie 917.23
30157804 2/1/2021 2/1/2021
Payroll EFT Ellingson, Janet 865.72
30157805 2/1/2021 2/1/2021
Payroll EFT Maloy, Walter 2,027.67
30158820 3/1/2021 3/1/2021
Payroll EFT Covington, Alvie 858.04
30158821 3/1/2021 3/1/2021
Payroll EFT Ellingson, Janet 865.72
30158822 3/1/2021 3/1/2021
Payroll EFT Maloy, Walter 1,950.01
2 - Payroll Totals 26 Transactions $11,271.95
All Types Totals Fund 610 - Pension $20,170.16
CITY OF PASCO - PRODUCTION
Fire Pension Fund Payment Register
From Payment Date: 1/01/2021 - To Payment Date: 3/31/2021
2 - Payroll
Check
Page 1 of 2
Number Date
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
CITY OF PASCO - PRODUCTION
Fire Pension Fund Payment Register
From Payment Date: 1/01/2021 - To Payment Date: 3/31/2021
FUND 619 - OPEB (Medical)
2021-0018 1/1/2021 1/1/2021 Old Fire Pension Medical Premium City of Pasco 7,295.00
2021-0018 2/1/2021 2/1/2021 Old Fire Pension Medical Premium City of Pasco 7,295.00
2021-0018 3/1/2021 3/1/2021 Old Fire Pension Medical Premium City of Pasco 7,295.00
Insurance Premium Totals 21,885.00$
2021-0056 1/1/2021 1/1/2021 Administrative Expense Chargeback City of Pasco 174.16
2021-0056 2/1/2021 2/1/2021 Administrative Expense Chargeback City of Pasco 174.16
2021-0056 3/1/2021 3/1/2021 Administrative Expense Chargeback City of Pasco 174.16
Administrative Expense Totals $ 522.48
$ 22,407.48 All Types Totals: Fund 619 - OPEB (Medical)
Page 2 of 2
CITY OF PASCO
FIRE PENSION FUND
FINANCIAL STATEMENTS -1st Quarter 2021
JANUARY 1, 2021 THROUGH MARCH 31, 2021
BALANCE SHEET BOOK MARKET BOOK MARKET BOOK MARKET BOOK MARKET
VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUE
ASSETS
CASH - INVESTED WITH CITY PORTFOLIO 55,284 55,284 10,414 10,414 461,481 422,297
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
FEDERAL SECURITIES (4.875% - 5.250%)
SBA Dev. PARTICIPATION CERTIFICATES 10,567 10,567 15,070 15,070
INVESTMENT IN LID 146 8,469 8,469 10,869 10,869
INTEREST RECEIVABLE - INVESTMENTS - -
TOTAL ASSETS 3,610,260 3,610,260 3,448,874 3,448,874 3,347,429 2,885,948 2,994,470 2,572,173
FUND EQUITY
RESERVED FUND EQUITY 3,610,260 3,448,874 3,347,429 2,994,470
TOTAL LIABILITIES AND FUND EQUITY 3,610,260 3,448,874 3,347,429 2,994,470
STATEMENT OF REVENUES OVER EXPENDITURES
EXCLUDING UNREALIZED GAINS & LOSSES
REVENUES
FIRE INSURANCE PREMIUM TAX (STATE-Annual/May)- -
INTEREST INCOME-AMERICAN FUNDS - - - -
INVESTMENT INTEREST INCOME 3 117 52 1,637
TOTAL REVENUES 3 117 52 1,637
EXPENDITURES
PENSIONS 19,739 34,188
MISCELLANEOUS PROF SERVICES - - - -
ADMINISTRATIVE SERVICES 522 522 431 431
MEDICAL INSURANCE - INTERFUND 21,885 21,885
1RETIREE MEDICAL SERVICES - - - -
TOTAL EXPENDITURES 22,407 22,407 20,170 34,619
REVENUES OVER/(UNDER) EXPENDITURES (22,404) (22,290) (20,119) (32,982)
*Book value as it relates to these statements is the 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
31-Mar 31-Mar 31-Mar 31-Mar
2021 2020 2021 2020
OPEB (MEDICAL) - FUND 619 PENSION - FUND 610
31-Mar 31-Mar 31-Mar 31-Mar
2021 2020 2021 2020