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Home My WebLink About2002-02-28 - Agendas - FinalFAYETTEVILLE 1 THE CITY OF FAME 1 1 tVILLE, ARKANSAS FIRE PENSION AND RELIEF FUND AGENDA FEBRUARY 28, 2002 A meeting the Fayetteville Fire Pension and Relief Fund Board will be held on Thursday, February 28, 2002 at 11:00 a.m. in Room 326 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. 1. Approval of the minutes 2. Approval of the pension list 3. Investment report 4. Other business 113 WEST MOUNTAIN 72701 501 521-7700 FAX 501 575-8257 • 0: MINUTES OF A MEETING OF THE FIRE PENSION AND RELIEF FUND JANUARY 31, 2002 A meeting of the Fayetteville Fire Pension and Relief Fund Board was held on January 31, 2002 at 11:00 a.m. in Room 326 of the City Administration Building located at 113 West Mountain, Fayetteville, Arkansas. PRESENT: Marion Doss, Ronnie Wood, Pete Reagan, Danny Farrar, Mayor Coody, City Clerk Heather Woodruff, City Attorney Kit Williams. MINUTES Mr. Reagan moved to approve the minutes. Mr. Doss seconded. The motion carned unanimously. PENSION LIST Ms. Woodruff stated Ronnie Wood had been added to the pension list. Mr. Doss moved to approve the pension list. Mr. Reagan seconded. The motion carried unanimously. TOMMY GAGE Mr. Doss stated Mr. Gage had been on Drop. He was wanting to retire on March 1, 2002. Mr. Reagan moved to remove Tommy Gage from the Drop list and add him to the pension list_ Mr. Farrar second. The motion carred unanimously. BUDGET ADJUSTMENT Ms. Denise Grizzle, Accounting, explained every year LOPI sent them the interest rate they were to pay on the money in the Drop Account. The $26,000 was for the mterest for the people who were in Drop made on their money that was m that account for the year 2001. The interest rate had been 6%. INVESTMENT REPORT Mr. Yada stated at the end of the year the Pnvate Portfolio Group was at $2,236,000, which was down 13.65%. The Mercury Group was at $1,638,000, which was down 19.11%. The Income Account $5,486,000 was up 5.48%. During the year they had sent $522,000 to the checking account to meet payroll and people retiring. The Income Account had held their own for the year. Ashland was down 14.08%. Half of their money was in the Income Account. The other half was in equities. During the course of this year, they still see a choppy market coming. Fixed Income would probably not do as well as they did last year. They were going to keep Fixed Income short tern, eight years or less. Equities, they were looking at Mercury Group. They had under performed this year. Meeting adjourned at 11:15 a.m. ti FIREMEN'S RELIEF AND PENSION FUND FEBRUARY, 2002 •THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF FEBRUARY , 2001. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. • • DATE OF EMP# RETIREMENT NAME GROSS FED. TAX ST. TAX NET 79 11/99 ARMSTRONG (DILL), PAMELA 1,658.91 300.00 100.00 1,258.91 74 3/86 BAIRD, JULIA 1,649.16 450.00 45.00 1,154.16 2 3/75 BLACKARD, PAUL 55.00 55.00 63 5/72 BOLAIN, ANN 55.00 55.00 68 7/99 BONADUCE, MICHAEL 2,735.14 475.38 2,259.76 44 9/86 BOUDREY, BETTY MRS. 2267.18 300.00 50.00 1,917.18 45 9/86 BOUDREY, HOWARD 1,911.99 1,911.99 49 7/88 BOUDREY, JACK 1,507.82 287.68 50.00 1,170.14 4 6/67 CARL, FLOYD JR 55.00 55.00 5 5/72 CASELMAN, ARTHUR 75.00 75.00 57 5/90 CATE, ROY 1,637.10 1,637.10 6 4/68 CHRISTIE, ARNOLD 55.00 55.00 84 03/01 CIRCUIT CLERK WASHINGTON CO 85 03/01 CIRCUIT CLERK WASHINGTON CO 8 10/76 COUNTS, WAYNE 55.00 55.00 61 6/66 DAVIS, BEULAH F. 377.50 377.50 78 11/99 DILL,GARYJOHN 1,658.92 100.00 1,558.92 11 2/76 FARRAR,ALONZO 914.10 75.00 839.10 38 5/84 FRALEY, JOSEPH G. 1,618.08 200.00 15.00 1,403.08 34 6/79 HARRIS, JAMES E. 55.00 55.00 70 11/99 HARRIS, MARY RUTH 55.00 55.00 86 07/01 JOHNSON,ROBERT 2,812.66 500.00 100.00 2,212.66 64 4/95 JORDAN, CHARLIE 2,081.90 2,081.90 76 5/88 JUDY, JAN 1 507 82 200.00 50.00 1 257 82 37 3/84 KING, ARNOLD D. 1,393.18 100.00 10.00 1,283.18 54 5/89 KING, ARVIL 1,566.00 130.00 1,436.00 12 3/60 LANE, HOPE MRS 55.00 55.00 13 10/67 LAYER, MERLIN 417.50 417.50 14 7/74 LEE, HAROLD 55.00 55.00 51 10/88 LEWIS, CHARLES 1,507.82 1 507 82 60 12/89 LEWIS, MARVIE 790.49 790.49 55 12/89 LEWIS, ROGER 790.50 50.00 10.00 730.50 40 9/85 LOGUE, PAUL D. 2,624.88 300.00 50.00 2,274.88 50 9/88 MASON, LARRY 1,492.83 78.16 1,414.67 39 4/85 MC ARTHUR, RONALD A. 1,604.92 150.00 50.00 1,404.92 35 2/82 MC CHRISTIAN, DWAYNE 55.00 30.00 25.00 15 4/77 MC WHORTER, CHARLES 1,221 26 150.00 1,071.26 29 8/81 MILLER, DONALD 1,193.41 125.00 25.00 1,043.41 73 2/00 MILLER,KENNETH 2,910.17 2,910.17 42 2/86 MOORE, JAMES H. 55.00 55.00 17 2/66 MORRIS, WILKIE MRS. 55 00 55.00 16 4/64 MORRIS, WILLIAM H. 70.00 70.00 62 10/68 MORRISON, ELIENE 80.00 80.00 48 7/88 MULLENS, DENNIS W. 2,005.35 2,005.35 58 9/90 OSBURN, EDWARD 2,248.33 160.00 2,088.33 46 5/88 OSBURN, TROY 1,738.46 200.00 38.00 1,500.46 81 02/01 PHILLIPS,LARRY 2,530.45 2,530.45 53 2/89 POAGE, LARRY 2,147.56 250.00 80.00 1,817.56 22 4/73 REED, JOE 55.00 55.00 30 3/81 SCHADER, EARVEL 1,268.40 1,268.40 41 9/85 SCHADER, TROY 1,395.58 57.00 1,338.58 23 4/71 SKELTON, LAWRENCE BURL 870.50 100.00 10.00 760.50 82 03/01 SKELTON,KELLY 1,114.17 80.00 10.00 - 1,024.17 • • • 83 03/01 SKELTON, KIMBERLY 1,114.17 66 8/98 SKELTON, PAULINE 390.00 36 5/76 SPRINGSTON, CARL 737.78 25 2/75 STOUT, ORVILLE 702.65 26 3/66 TUNE, BILLIE SUE 80.00 27 • 3/71 TUNE, MILDRED MRS. 80.00 71 1/00 WARFORD,THOMAS 2,290.35 28 7/68 WATTS, DONALD 400.00 59 5/91 WATTS, WAYNE 1,642.10 88 01/02 WOOD,RONNIED 2,816.02✓ 52 9/88 WRIGHT, RANDALL 1,547.82 69,910.93 ✓ DROP DATE 03/01/1998 05/01/1998 02/01/1999 02/01/1999 05/01/1999 04/01/2000 07/01/2000 01/01/2001 DROP EMPLOYEES GAGE, TOMMY FREEDLE, LARRY LEDBETTER, DENNIS TATE, RALPH BACHMAN, EDDIE NAPIER,LONNIE REAGAN,PETE DOSS,MARION 80.00 10.00 1,024.17 390.00 70.00 17.00 650.78 702.65 80.00 80.00 300.00 1,990.35 400.00 130.00 20.00 1,492.10 2,816.02 ✓ 200.00 25.001,322.82 765.00 ✓ 63,517.71 5,628.22 / NEW BENEFIT 2,376.34 ' 3,492.86 ' 3,455.40' 3,356.83 ' 2,396.34' 321973' 3235.68 4,920.63 - WE, THE UNDERSIGNED, DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT; THAT NO PART THEREOF HAS BEEN PREVIOUSLY PAID; THAT THE PENSION PAYMENTS SO CHARGED ARE IN ACCORDANCE WITH THE ACTIONS OF THE BOARD OF TRUSTEES OF THE FIREMEN'S RELIEF AND PENSION FUND; THAT THE SERVICES OR SUPPLIES FURNISHED AS THE CASE MAY BE, WERE ACTUALLY RENDERED OR FURNISHED; AND THAT THE CHARGES MADE THEREFORE DO NOT EXCEED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR SERVICES OR SUPPLIES. SECRETARY CHAIRMAN AND PRESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIS DAY OF 2000. • NOTARY PUBLIC MY COMMISSION EXPIRES: J • n O P o rtr -- u N2.0 8 8 8 Y6 o 6 YD 0 0 0 n n 00 • 00 E 8 E 8 u3 w 4i 4-5 o o O 8 5 s Oho 13, F EI + + Ola U 00 CO A J CO N W N O „C U 10 U N 0 • W 1/40b w 4 N + 00 0 U W N w 00 }} N A rk J • s O N 00 U 00 /4O i> • Q+ N Vii u 00 .i, + L L + , + N s p 00 r+ b U?J O B co1/40uUU Ja%tmo �f 8 m y a g Ia i� � W O Wln o a0 1/4 w 00 y U co ooh U N A N J O g O n CD Ln 1/45 Y0 1/40 C �. 5 C O C U U g 87,958 * 5,484,014 _ 5,486,800 5,48 ON N 00 00 00 Sm. N N W ON 00 •0 8 st W C O r FAYETTEVILLE • THE CITY OF FAYETTEVILLE, ARKANSAS February 14, 2002 Richard Yada Merrill Lynch Capitol Tower Building Little Rock, Arkansas 72201 Dear Richard; Please transfer $141,000 from Account #56396345 to the Bank of Arkansas, ABA 082901392 for credit to the Fayetteville Fire Pension and Relief Fund account, Account # 1063401. It is my understanding the money is to be used to meet payroll. Thank you Heather Woodruff City Clerk Alav 113 WEST MOUNTAIN 72701 501 521-7700 FAX 501 575-8257