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HomeMy WebLinkAboutCity Council Committees - Fireman's Relief Pension Board - 01/21/2020 Unless otherwise noted, the Firemen’s Relief and Pension Board meets quarterly at 3:30 p.m. in the Mayor’s Office located in the City Hall Building, 220 Fourth Ave S, Kent, WA 98032. For additional information please contact Kimberley A. Komoto at 253-856-5788 or via email at Kkomoto@KentWA.gov. Any person requiring a disability accommodation should contact the City Clerk’s Office at 253-856-5725 in advance. For TDD relay service call Washington Telecommunications Relay Service at 7-1-1. Firemen’s Relief & Pension Board Agenda Board Members: Dana Ralph, Mayor, Kimberley A. Komoto, City Clerk, Councilmember Les Thomas, Sam Grubbs, Retired Firefighter, Al Bond, Retired Firefighter January 21, 2020 3:30 p.m. Item Description Action Speaker Time 1. Call to order Mayor Ralph 1 min 2. Roll Call Kim Komoto 1 min 3. Changes to the Agenda MOVE TO APPROVE THE AGENDA Yes Mayor Ralph 1 min 4. Approval of Minutes of October 15, 2019 Move to approve the minutes of the meeting of October 15, 2019. Yes Mayor Ralph 1 min 5. 4th Quarter 2019, Financial Transaction Report No Paula Painter 5 min 6. Benefit Adjustment to Reflect Puget Sound Regional Fire Authority COLA Increase No Susanne Shaw 5 min 7. Adjournment Yes Mayor Ralph 1 min Firemen’s Relief and Pension Board October 15, 2019 Minutes Kent, Washington Pending Approval Page | 1 BOARD MEMBERS PRESENT: Les Thomas, Chair of the Operations Committee, Sam Grubbs and Kim Komoto, Secretary. STAFF MEMBERS PRESENT: Paula Painter, Finance Director and Joe Bartlemay, Senior Financial Analyst. 1. Call to Order The meeting was called to order at 3:31 p.m., with Kim Komoto presiding. 2. Roll Call Mayor Dana Ralph – Absent Councilmember Les Thomas – Present Kim Komoto – Present Al Bond – Absent Sam Grubbs – Present 3. Changes to the Agenda Sam Grubbs moved to approve the agenda as presented, seconded by Les Thomas. The motion passed unanimously with a vote of 3-0. 4. Approval of Minutes, dated July 16, 2019 Sam Grubbs moved to approve the minutes dated July 16, 2019, and Les Thomas seconded the motion. The motion passed unanimously with a vote of 3-0. 5. Amendment to Operating Policy Kim Komoto advised that the City Council recently changed the committee structure and the Operations Committee no longer exists. The Operating Policy specifies that the Chair of the Operations Committee is a member of the board. The policy is being amended removing that reference and providing that the member will be a council member appointed by the Council President. Sam Grubbs moved to approve the amendment and Les Thomas Seconded the motion. The motion passed unanimously with a vote of 3-0. 6. 3rd Quarter 2019, Financial Report Joe Bartlemay, Senior Financial Analyst, provided details regarding the Executive Summary for Cash and Investments as of September 30, 2019, and the Statement of Revenues and Expenses as of September 30, 2019. Bartlemay reviewed the Firemen’s Relief and Pension Trust Fund Cash and Investments ending September 30, 2019, that also included a five-year comparison. 7. Adjournment At 3:38 p.m., Kim Komoto declared the meeting adjourned. Firemen’s Relief and Pension Board October 15, 2019 Minutes Kent, Washington Pending Approval Page | 2 Kimberley A. Komoto Firemen’s Relief and Pension Board Secretary October 15, 2019