HomeMy WebLinkAboutCity Council Committees - Fireman's Relief Pension Board - 04/16/2019 (2)Firemen’s Relief and Pension Board April 16, 2019
Minutes Kent, Washington
Pending Approval
Page | 1
BOARD MEMBERS PRESENT: Mayor Ralph, Les Thomas, Chair of the Operations
Committee, Sam Grubbs, Al Bond and Kim Komoto, Secretary.
STAFF MEMBERS PRESENT: Lavina Brennecke, Accounting and Reporting
Manager, Susanne Shaw, Senior Financial Analyst and Barbara Lopez, Interim
Finance Director
1. Call to Order
The meeting was called to order at 3:32 p.m., with Mayor Ralph presiding.
2. Roll Call
Mayor Dana Ralph - Present
Councilmember Les Thomas – Present
Kim Komoto – Present
Al Bond – Absent
Sam Grubbs – Present
3. Changes to the Agenda
None.
Les Thomas moved to approve the agenda as presented, seconded by Sam Grubbs.
The motion passed unanimously with a vote of 4-0.
4. Approval of Minutes, dated January 15, 2019
Sam Grubbs moved to approve the minutes dated January 15, 2019, and Les Thomas
seconded the motion. The motion passed unanimously with a vote of 4-0.
5. Board Position #2 Election Results
Komoto provided an update on the election for position #2. Al Bond received a vote
on five of the six ballots returned. Al Bond will hold position #2 for the term of July
1, 2019 through June 30, 2021.
6. LEOFF 1 Retirees’ COLA – Information Only
Susanne Shaw, Senior Financial Analyst, advised that effective April 1, 2019, the
COLA increase was 3.36%.
7. 1st Quarter 2019, Financial Report
Lavina Brennecke, Accounting and Reporting Manager, provided details regarding the
Executive Summary for Cash and Investments as of March 31, 2019, and the
Statement of Revenues and Expenses as of March 31, 2019.
Brennecke reviewed the Firemen’s Relief and Pension Trust Fund Cash and
Investments ending March 31, 2019, that also included a five-year comparison.
Firemen’s Relief and Pension Board April 16, 2019
Minutes Kent, Washington
Pending Approval
Page | 2
8. Adjournment
At 3:37 p.m., Komoto declared the meeting adjourned.
Kimberley A. Komoto
Firemen’s Relief and Pension Board Secretary
April 16, 2019