HomeMy WebLinkAboutCity Council Committees - Fireman's Relief Pension Board - 01/17/2017
Firemen’s Relief & Pension Board
Agenda
Board Members: Suzette Cooke, Mayor,
Kimberley A. Komoto, City Clerk, Dana Ralph, Chair of Operations Committee,
Sam Grubbs, Retired Firefighter, Al Bond, Retired Firefighter
January 17, 2017
3:30 p.m.
Item Description Action Speaker Time Page
1. Call to order Mayor Cooke 1
2. Roll Call Kimberley A. Komoto 1
3. Changes to the Agenda Mayor Cooke 1
4. Approval of Minutes of October 18, 2016 Yes Mayor Cooke 1 1
5. 4th Quarter 2016, Financial Transactions Yes Lavina Brennecke 5 3
6. Board Position No. 1 Election Results Mayor Cooke 5
7. COLA/Rate Adjustment – Information Only No Susanne Shaw 5
8. Adjournment Yes Mayor Cooke 1
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 1-800-833-6388.
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CITY OF KENT
Firemen’s Relief and Pension Board
Summary Minutes of Regular Meeting
October 18, 2016 Kent City Hall,
4:30 p.m. 2nd Floor - Mayor’s Office
Kent, Washington
COMMITTEE MEMBERS PRESENT: Committee Chair, Mayor Suzette Cooke,
committee members Dana Ralph, and Sam Grubbs.
STAFF MEMBERS PRESENT: Aaron BeMiller, Finance Director and Lavina
Brennecke, Accounting & Reporting Manager.
ABSENT: Al Bond
1. Call to Order
The meeting was called to order at 3:35 p.m., with Committee Chair Mayor Cooke
presiding.
2. Roll Call
Committee member Al Bond was absent
3. Changes to the Agenda
There were no changes to the agenda.
4. Approval of Minutes, dated July 19, 2016
With the correction of the spelling of Sam Grubbs name, committee member Bond
moved to approve the minutes of July 19, 2016, and Councilmember Ralph
seconded the motion.
The motion passed unanimously by a vote of 3-0.
5. 3rd Quarter 2016 Financial Transactions
Lavina Brennecke, Accounting & Reporting Manager provided information regarding
the financial reports for the months of July, August, and September of 2016.
Interest earned is more than $3,000 over the same period from 2015 due to the
reinvestment of funds from the local government pool to securities. The revenue
from the Fire Insurance Premium Tax was received in May.
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Pension costs have not increased much over2015, health insurance costs stayed the
same, but the actuarial cost is over $11,000 for this year.
Due to new government accounting standards, the annual cost for the actuarial will
continue to be around $12,000.
Committee member Sam Grubbs MOVED to approve the financial reports for July,
August, and September, 2016, and Councilmember Ralph SECONDED the motion.
The motion passed unanimously by a vote of 3-0.
Item 6. Other Business
None
11. Adjournment
At 3:43 p.m., Mayor Cooke, committee chair, declared the meeting adjourned.
Kimberley A. Komoto
Firemen’s Relief and Pension Board Secretary
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