HomeMy WebLinkAboutCity Council Committees - Fireman's Relief Pension Board - 04/19/2016 (2)
Firemen’s Relief and Pension Board Agenda
Board Members: Chair Suzette Cooke – Dana Ralph – Al Bond – Sam Grubbs
ALTERNATE: Gene Grenstad
City Staff: Ronald F. Moore, Secretary – Aaron BeMiller, Treasurer
April 19, 2016
3:30 p.m.
Mayor’s Conference Room
Item Description Action Speaker
1. Call to order Mayor Cooke
2. Roll Call Mayor Cooke
3. Changes to the Agenda Mayor Cooke
4. Minutes of January 19, 2016 YES Mayor Cooke
5. 1st Quarter 2016 Financial Transactions YES Lavina Brennecke
6. Cost of Living Allowance NO Susanne Shaw
7. Other Business NO Mayor Cooke
8. Adjournment Mayor Cooke
Unless otherwise noted, the Firemen’s Relief and Pension Board meets at 3:30 p.m. on the
first Tuesday of each quarter at Kent City Hall, 2nd Floor, Mayor’s Office, 220 Fourth Ave S,
Kent, WA 98032.
For additional information please contact Ronald F. Moore, MMC at 253-856-5728.
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.
Firemen’s Relief & Pension Board Minutes
January 19, 2016
Boardmembers present: Councilmember Dana Ralph, City Clerk Ronald Moore, Al
Bond, and Sam Grubbs
Others present: Finance Director Aaron BeMiller, Accounting and Reporting Manager
Lavina Brennecke, and Senior Financial Analyst Suzanne Shaw
Acting Chair Dana Ralph called the meeting to order at 3:30 p.m.
Changes to the Agenda. Finance Director Aaron BeMiller recommended revising
item 7 to “Base Pay Change”. Additionally, Lavina Brennecke recommended striking
item 5 and item 6 should say “4th Quarter 2015 Financial Transactions.” All
revisions were adopted by consensus.
Minutes of November 3, 2015. Sam Grubbs moved to approve the minutes
of November 3, 2015, as written, seconded by Al Bond. Motion carried 4-0.
4th Quarter 2015 Financial Transactions. Brennecke communicated the 4th
Quarter 2015 financial transactions and communicated that the makeup of the
investments changed so the balance in the cash and checking has decreased. She
highlighted where the investments were. She communicated that because there are
longer term investments, the interest rates and the returns have been better.
BeMiller communicated that in 2015 $3,000 was paid on an actuarial study and
there were studies done in 2014 and 2012. He noted that this year the actuarial
study will cost between $8,000 - $9,000. Brennecke added that next year will be a
full actuarial study and should cost at least $8,300. She noted that one must be
done based on new Government Accounting Standards Board (GASB) rules.
Sam Grubbs moved to approve the financial transactions for the months of
October, November, and December 2015, seconded by Al Bond. Motion
carried 4-0.
Base Pay Change. Suzanne Shaw communicated that the 2016 Regional Fire
Authority base salary increase was 1.1 percent based on the Consumer Price Index
(CPI).
Other Business. None.
Adjournment. The meeting adjourned at 3:40 p.m.
Ronald F. Moore, MMC
Board Secretary/City Clerk
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