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Home My WebLink About2012-07-26 - Agendas - Final Fayetteville Fireman's Pension and Relief Fund Meeting Date 7-3,� -/-I I Adjourn Time 0 '0,M, Attendees: LMar� , elif�q NU-4 Af-WwA Q& 'Cl4f t, 41;O&CA I ihav-d 2Z.-L &AJ 7-';Z,,Y, Subject: Subject: -Roil Motion By: Motion By: Seconded: Seconded: Coro Roy Cate Roy Cate Mayor Jordan Mayor Jordan Dennis Mullens Dennis Mullens Pets Reagan Pete Reagan Sondra Smith Sondra Smith ,Ronnie Wood Ronn!eWood Subject: Subject: M Uh. oil, Motion BY: Motion By: Seconded: Seconded: Roy Cate Roy Cate Mayor Jordan Mayor Jordan Dennis Mullens Dennis Mullens Pete Reagan OA L C4J Pete gan Sondra Smith Sondra Smith Ronnie Wood Ronnie Wood Uoneld Jordan Chairman *40V Pete Reagan Position 2 Retired Sondra E.Smith Secretary Dennis Mullens Position 3 Retired Ray Cate Position I Retired 1raye ARKANSAS Ron Wood Position 4 Retired Firemen's Pension and Relief Fund Board of Trustees Meeting Agenda July 26, 2012 A meeting of the Fayetteville Firemen's Pension and Relief Fund Board of Trustees will be held at 3:00 PM on July 26, 2012 in Room 326 of the City Administration Building. Approval of the Minutes: * April 26, 2012 meeting minutes and May 30, 2012 special meeting minutes. Pension List Changes: 0 James H. Moore deceased June 28, 2012. His spouse Betty Moore will receive his pension. Approval of the Pension List: • Re-approval of the July pension list (James H. Moore deceased) • Approval of the August, September and October 2012 pension lists New Business: • Revenue and expense report • State of Arkansas Department of Finance and Administration—turn back letter and copies of the turn back checks June 2012 • City Clerk memo dated July 18, 2012 -2012 turn back funds from the State of Arkansas • Pension Review Board (PRI3) letter dated June 5, 2012 - Evaluating Local Plan Investments Garrison Financial: • 2nd Quarter reports • Garrison letter dated April 30, 2012—Privacy Policy Notice and Item 2 Material Changes to form ADV Part 2 Informational: 0 2012 meeting schedule * Pension Board member list Firemen's Pension and Relief Fund Board Membm Board of Trustees Meeting Minutes April 26,2012 Mayor Jordan Chairman Page I of 7 Sondra E.Smith Secretary Marion Doss Position I/Retired Pete Reagan Position 2/Retired Taye I Dennis Mullens Position 3/Retired ARKANSAS Ronnie Wood Position 4/Retired Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26, 2012 A meeting of the Fayetteville Firemen's Pension and Relief Fund Board of Trustees was held at 3:00 p.m. on April 26, 2012 in Room 326 of the City Administration Building. Mayor Jordan called the meeting to order. Present: Marion Doss, Pete Reagan, Ronnie Wood, Mayor Jordan, Kit Williams, Sondra Smith, Lisa Branson, Paul Becker, Trish Leach, Kerry Bradley, Glenn Atkins, Garrison Financial,Audience and Press. Absent: Dennis Mullens Approval of the Minutes: November 3 0, 2011, December 8, 2011, December 14, 2011, January 5, 2012 special meeting minutes,and January 26, 2012, meeting minutes. Pete Reagan moved to approve the November 30, 2011, December 8, 2011, December 14, 2011, January 5, 2012 special meeting minutes, and January 26, 2012, meeting minutes. Ronnie Wood seconded the motion. Upon roll call the motion passed 5-0. Dennis Mullens was absent. Pension List Changes: None Approval of the Pension Lists: Approval of the May,June and July 2012 Pension Lists. Pete Reagan moved to approve the pension lists. Marion Doss seconded the motion. Upon roll call the motion passed 5-0. Dennis Mullens was absent. New Business: Revenue and Expense report 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26,2012 Page 2 of 7 Paul Becker: One thing I want to point out, if you look at 2011 after the adjustment, you still pulled $70,000 out of the fund. Last year was a pretty good year and the ftmd is still declining even after a good year. Projected Insolvent Status - Letter to PRB dated January 31, 2012 regarding projected insolvent status. Sondra Smith: That is the letter we worked on at the January meeting. The Mayor sent it to PRB. The response from PRB is also in the packet. Projected Insolvent Status - Response letter from PRB dated February 6, 2012 regarding projected insolvent status follow up. Sondra Smith: That is their response to the letter that we sent. Mayor Jordan: Any comments on that? Marion Doss: Their letter told us nothing new and wasn't especially helpful or anything. Pete Reagan: We basically already knew it before we asked the question. They're not going to tell you anything unless you pay them. Paul Becker: To know for sure you have to have the actuaries for LOPFI do a study. Pete Reagan: Right, Gabriel Roeder Smith is the actuary for LOPFI. To consolidate with them you better use them. Marion Doss: I still think we should pursue consolidation but it doesn't look like there is any way it is going to happen. Pete Reagan: If you can come up with a way to do it. Marion Doss: That's why we ask them. Sondra Smith: I don't think the City Council is going to go for that until you reduce benefits. They have been pretty clear on that. We've tried to reduce benefits twice and the vote failed. The Mayor doesn't like for us to vote on that without a full board here and it's hard to get a ftdl board here. Pete Reagan: We also have two AG's opinion that says there is no legal way to do it. Sondra Smith: But there is nothing in the state code that says you can't do it either. There's nothing in there that says you can and there is nothing in there that says you can't. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26,2012 Page 3 of 7 Pete Reagan: The AG's opinion is weighted. Sondra Smith: Our City Attorney feels differently. You know how different attorney's think. Pete Reagan: That is the reason the courts are full. 2012 Elections: Marion Doss and Pete Reagan are up for election. Do we need to call a special meeting to open the ballots and count the votes? Sondra Smith: We sent the nomination letters out. We will be sending the ballots out. You all set that process in place to where the ballots have to be opened at one of our meetings. I don't know if you want to wait until July and open them or if you want to have a special meeting at the end of May. A discussion followed regarding setting up a special meeting date. Marion Doss: We should probably have a special meeting in May to count them just to make sure. Mayor Jordan: So we are going to have a special meeting in May, right? Is everybody good with that? Pete Reagan: Do we have to have a meeting to count ballots? Sondra Smith: That's the process that you all set in place. You wanted the ballots sealed and not opened and you wanted them opened at a meeting. If you want to change that process then you wouldn't have to have a special meeting. The discussion continued on possible meeting dates. Pete Reagan: I thought I asked this board to hold elections for positions. The letter that Sondra sent out dated April 16th says in the third paragraph "you need to nominate two people." I've had several retirees call and ask me why they have to nominate two. Why can't I just nominate one? I told them to let me see what we can do to make it simpler. I would like to move that we hold elections for positions. Sondra Smith: We were doing that and we had problems. We had problems with some of the retirees nominating the same person for position one and for position two. It really was a mess. The board voted not to do positions therefore we left the positions off. We can go back to that but its going to be confusing to people again. You might not have been at that meeting where they decided not to do the positions anymore. The nomination process has always been a problem. Pete Reagan: I get phone calls from people that thought we were actually voting. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26,2012 Page 4 of 7 Sondra Smith: Then they don't turn the ballots back in because they think they have already voted. We've talked about that before because the Police Pension does not do nominations and it works great. We don't have any problems at all. We send out ballots, they send them back and the ones with the most votes get elected. Ronnie Wood: Other words do it just like we are doing ours except instead of nominations you send ballots. Sondra Smith: We send a ballot out with a list of eligible pensioners and they pick the two or three people that they want. They list them and we count the votes on the ballots when they come in. I think this board wants to do the nominations. It is very confusing and we get a lot of questions because they think they have already voted. A discussion continued on the election process. Ronnie Wood: If we change it again I think we are going to cause more confusion. Pete Reagan: Ok, let's leave it like it is. Marion Doss: It looks pretty simple now. If you get a bunch of names in, the two people with the most votes are the ones that get the nomination and then people vote for those people. Sondra Smith: The ones that are nominated I call to make sure they are willing to serve and then we put everyone that is nominated and willing to serve on the ballot. Pete Reagan: By doing that you can actually vote for your opponent. I'm up for reelection and if I vote for me and whoever is running against me and they get it that means I cast one of my votes for them. I don't think that is right. Sondra Smith: If we get five nominees and they are all willing to serve we put five names on the ballot. We don't just put the ones with the most nominations. We've never done that. Marion Doss: I thought you did the two with the highest votes. Sondra Smith: No, when the ballots come in the two with the highest votes win the actual election. Everyone goes on the ballot that is willing to serve. I may get ten people nominated but there may be only five of those ten that want to serve. I call each one of them that is nominated to make sure they are willing to serve. I don't want someone elected that doesn't want to serve. Pete Reagan: You will send us that information of those that are nominated by email. Sondra Smith: Yes, we can send it out to you. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26,2012 Page 5 of 7 It doesn't matter to me I just think it's confusing when we keep changing the process. That's the reason we took the positions off because it was very confusing to people. If it were me I would do away with the nomination process but I know you all like that process. Pete Reagan: That's the American way. You've got to have the nomination process as far as I'm concerned. Sondra Smith: We never get calls on the Policemen's Pension, its only the Firemen's Pension that is confused. Garrison Financial: I st Quarter reports Kerry Bradley: Thanks for having us. This is our first official meeting since we got everything transferred and everything in. We've made a few transitions on the account. Everything was transferred January 3 I't and everything came in on the 3 1". There were notes of the activity in the portfolio. The previous manager had about $564,000 in an index fimd so we liquidated that. We allocated that to some other mutual funds to get you some more exposure and some small cap and mid cap areas we thought you were light in. The stocks that you had, very large cap blue chip nice dividend paying names, we've held on to for now and may continue to do that for the foreseeable future. A note on the fixed income side the AT&T preferred stock was called so that was not an actual sale from us but AT&T called it back to the company. We got that cash and we redeployed those funds into some fixed income mutual funds since we are under law to only use mutual firads. The portfolio is worth $4.748 as of yesterday. Today the market was up so hopefully we gained a little bit more today. The performance in the account since we got it, this is kind of an odd time period, we can't give you from end of the year because it was in transition, the portfolio is about 2.5%. 1 believe when it transferred over into the account we were about $4.8 million. We've pulled out about $182,000 and we are down about $50,000. We are down about $50,000 in market value, net we gained about $100,000 over the quarter. Equities had a really strong first quarter this year up about 12%; we've given a little bit of that back in April. Bonds were relatively flat. The bond market was fairly volatile rising and then falling and rising again. We're about flat from where we were at the end of the year. The second page of the report you will see the asset allocation that we set for the portfolio was 60% equity and 40% fixed and we gave the portfolio a 2% variance for market movement. You can see we are a little bit over weighted in equity and little bit under weighted in fixed income. When we spoke to you before, with interest rates where they are, and equities evaluations were they are we are very comfortable with that. Again your portfolio I would suggest it is not as risky on the equities side as the over all market with it being in a lot of those blue chip dividend yielding names. Even some of the mutual ftmds we bought have very nice yields to throw up as much income as can for you guys. Hopefully build the portfolio to keep the value up to last as long as possible. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26,2012 Page 6 of 7 Paul Becker: You still have $3 million in equities? Kerry Bradley: Yes, and that's about 63.1%of the portfolio. Paul Becker: You said you were comfortable those were blue chips. Kerry Bradley: Yes and since it fell below $5 million this is obviously what Longer had purchased and these are names that we follow so we have held on to those as well. Pete Reagan: The AT&T that you sold was a bond? Kerry Bradley: It was a preferred stock and it was called back. The company called it back so we didn't have any choice. Pete Reagan: So we made money on it. Kerry Bradley: I don't know exactly but I suspect it was probably about a wash. I don't have a realized gain and loss report. Paul Becker: According to this it was up about$4,000. Kerry Bradley: What are you looking at? Paul Becker: Page one. Kerry Bradley: The AT&T that was called away back in February will not show up on the current appraisal as of April 25d. Paul Becker: The total investment was $125. Kerry Bradley: $125 is what we got back from AT&T. From the best of my reconciliation it may have been purchased under par,24 something is in my head but I don't know exactly. We have another distribution we've set it up as a money link transaction to move the funds over every month. That has gone off Without a hitch and we've gotten those monthly transfers down with no problem. That all worked very smoothly. I was a little leery of the first one but that all went well and we have another one coming up next week. Pete Reagan: Good. Kerry Bradley: On the cash management side of the portfolio, I know last year it didn't look like there was a distribution in June or in August. Pete Reagan: That would probably be because of insurance turnback. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes April 26,2012 Page 7 of 7 Kerry Bradley: I didn't know if some revenue was coming in. It looked like last June and last August there were no withdrawals out of the portfolio at Longer. Trish Leach: That's because as Pete said we get money from the State. Kerry Watkins: I was wondering if perhaps that was going to happen again in June and August. We have about $167,000 in cash and I think the distribution tl-�s month is $115,000 so again we are going to have to raise some funds. The equity market is up so we can easily raise some funds just for cash management purposes. It will give us a little more leeway if we don't have a big Withdrawal coming in June. Trish Leach: I will look at it and see what I can tell you. Unfortunately for us we don't know when we will receive the money from the State. It varies slightly ever year. Kerry Watkins: We will probably raise a little with the markets being up with that being the case because I suspect in June the distribution will happen again. Other than that everything I think is going as planned. Again thank you for allowing us to help you and allowing us to be here. We are right down the road if you ever need us. Pete Reagan: Thank you. Mayor Jordan: Thank you all. Informational: 2012 Meeting Schedule Pete Reagan: We have the special meeting in May. Sondra Smith: May 30th at 3:00 p.m. Meeting adjourned at 3:25 p.m. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Special Firemen's Pension and Relief Fund Board Members Board of Trustees Meeting Minutes May 30,2012 Mayor Jordan Chairman Page I of 2 Sondra E.Smith Secretary Marion Doss Position I/Retired Pete Reagan Position 2/Retired Taye I Dennis Mullens Position 3/Retired ARKANSAS Ronnie Wood Position 4/Retired Special Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes May 30,2012 A special meeting of the Fayetteville Firemen's Pension and Relief Fund Board of Trustees was held at 3:00 p.m. on May 30, 2012 in Room 326 of the City Administration Building. Mayor Jordan called the meeting to order. Present: Marion Doss, Dennis Mullens, Pete Reagan, Ronnie Wood, Mayor Jordan, Sondra Smith, Lisa Branson,Audience and Press. New Business: Election—Ballots Opened The City Clerk and the Deputy City Clerk opened each ballot. The ballots and envelopes were shuffled according to the ballot procedure that was approved by the Board. The ballots were read and counted. Sondra Smith: What did everyone come up with? Marion Doss: Roy Cate 12, Doss 10, King 5, Poage 5, Reagan 21, and Tate 3. Sondra Smith: That is what I came up with. Did anyone else tally besides Marion and me? Pete Reagan: I have Cate 12, Doss 10, King 5, Poage 5, Reagan 2 1, and Tate 3. Sondra Smith: Looks like it is Roy Cate and Pete Reagan are elected. Mayor Jordan: Do we ratify the vote? Pete Reagan: I don't think we have to. Mayor Jordan: I can't remember, so everything is good. Marion Doss: Everything is good. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 Special Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes May 30,2012 Page 2 of 2 Mayor Jordan: There's no other business,correct? Pete Reagan: No other business,motion to adjourn and thank you Sondra. Sondra Smith: Welcome. Meeting adjourned at 3:10 p.m. 113 West Mountain 72701 (479)575-8323 TDD(Telecommunications Device for the Deaf)(479)521-1316 City Clerk Division City of Fayetteville, Arkansas Taye A Sondra E. Smith, City Clerk/Treasurer Lisa Branson, Deputy City Clerk Amber Wood, Deputy City Clerk Departmental Correspondence TO: Trish Leach,Accounting Summer Fallen,Accounting FROM: Sondra E. Smith, City Clerk/Treasurer DATE: July 2, 2012 RE: James Moore Firemen's Pension I am forwarding this memo to you due to the death of a Firemen's Pensioner. Please change the pension benefit for James Moore to his surviving spouse Betty Moore. I will forward a copy of Mr. Moore's death certificate to Accounting when it is received in the City Clerk office. James Henry Moore "TAYETTEVILLE — James �Henry "Jim" Moore, 74, of 'Fayetteville died Thursday, �june 28,2012, jn' Fayette- ENE 'Y"Au. "C w4b ,�born Oct. 81 i 1937,in Cardon Bottom,Ark, .�the son of Leon Moore and Louisr,Romine Moore Rorie.' He Married the former Betty Ash.inore in Russellville, 'Ark.,in 1957. �, He was employed by jArkansas Western Gas for �38 years before retiringin ,',i098. He also retired from �the Fayetteville Fire Depart- ,.ment in January 1986 after 26 years of service.He was la,lifetime member of the NRA and was a member of. 'the Jackson Nob Deer Club. 'He was an outdoorsman *dio loved to hunt and fish. 4e served in the Arkansas National Guard for eight years. ,,,,,,He and his wife,Betty are j<mown for the many friends they have. .Survivors include his wife 4 55 years,Betty Moore of ,the home; mother, Louise �Rone of Independence,Mo.; sister, Evon Smith of Inde- pendence, Mo.; two grand- .,children, Sydney Blair and 'Mason Garrett McConnell; and several nieces and neph- ;ews. � A memorial service will be 2 p.m., Monday, July 2, 4.0121 at Moore's Chapel. ,-Ignrial will be private. No is scheduled. ,q,�,,,.�:The family requests that ,indmorial in his name go %to the National Rifle Asso- itfation of America, 11250 -Whples Mill Road, Fairfax, Mi; 22030; or to Amerl- ,In Cancer Society, 1200 *. Walnut St., Suite 2313, �jLogers,Ark.72756. W�Online condolences may be sent to the family at www. mooresfuneralchapel.com. Pagge I of I Sondra Smith-James Moore Obit From: Peter Reagan<preaganl4(,4gmaiLcom> To: Sondra Smith<ssmith@ci.fixyettevillear.us> Date: 6/29/2012 3:18 PM Subject., James Moore Obit Guestbook James Henry Moore Share your thoughts and memories in the guestbooL October 8, 1937 -June 28, 2012 Sign the 2uestbook I Read Biogra the guestboo phy James Henry"Jim"Moore,74 of Fayetteville died Thursday,June 28,2012 in Fayetteville.He was born October 8, 1937 in Carden Bottom,Arkansas the son of Leon Moore and Louise Romine Moore Rone. He married the former Betty Ashmore in Russellville,Arkansas in 1957.He was employed by Arkansas Western Gas for 38 years before retiring in 1998.He also retired from the Fayetteville Fire Department in January 1986 after 20 years of service. He was a lifetime member of the NRA and was a member of the Jackson Nob Doer Club.He was an outdoomman who loved to hunt and fish.He served in the Arkansas National Guard for 8 years.He and his wife,Betty are known for the many friends they have. Survivors include his wife of 55 yews,Betty Moore of the home;mother,Louise Rone of Independence, MO;sister,Evon Smith of Independence,MO;2 grandchildren,Sydney Blair and Mason Gotten McConnell and several nieces and nephews. A memorial service will be 2:00 p.m.,Monday,July 2,2012 at Moore's Chapel.Burial will be private. No visitation is scheduled. The family requests that memorial in his name go to the National Rifle Association of America, 11250 Waples Mill Road Fairfax,VA 22030 or to American Cancer Society, 1200 W.Walnut St.,Ste.2313. Rogers,AR 72756 Facts Born:October 8, 1937 Death:June 28,2012 Services Memorial Service Monday July 2,2012,2:00 p.m.at Moore's Chapel Click for Mal)and Directions Donations Memorial donations may be made to: National Rifle Association of America or American Cancer Society file:///C:/IJsers/ssmith/AppData/Loca�Temp/XPGrpWise/4FEDC763FAYETTEVILLECI... 6/29/2012 Fayetteville,Arkansas FIREMEN'S PENSION&RELIEF FUND AFFIDAVIT RECEIVED STATE OF DEC 2 8 2011 )as: COUNTY OF Z-� CITY OF FAYEI-TEVILLE CITY CLERKS OFFICE do soleantly swear dud I presently receive pension benefits Milo We Fircuien's Pensa:V 2RCH:;Fami�=d I eligible to counnue receiving peasion benefits as governed under state law. Ot I am a former fireftliter for the Fayetteville Fire Department I am the spouselformer spousahwidow of a former firafighter of the Fayetteville Fire Departinent,and that I have not remarried since becoming eligible fbr benefits. I am an eligible dependent of a former firefighter for the Fayetteville Fire Departmem and have attached an affidavit verifying my school attendance. Address: 941 0061 Uvu) -w- Telephone: (qqj') j4pq -' q2`+1 Social Security No.: 4wwiw- Birdi data: P[XAMLWALL=NMaAR=UWW(Complain only for Vousemmorchildrea and/orchihIrenunder23 yearsofagethatare emulled in a instiade of higher education): NAW SocL#x SwLw"No. BOLTH DATE RELATIONS11W DATED this day of 2)�g�ze&' OFFICIAL SEAL STEFANIE PAYNE NOTARY PUBLIC.ARKANUS WASHINGTON COUNTY Isigniture) COMMISSION012381760 COMMISSION EXP.04118r" SUBSCRIBED AND SWORN to before me,a Notary Public,this dayof-D2CRffj� NowiTPublic\ my commission Rvires: Ll- t1i-a k (This affidavit is requiral annually by the FirevaWs Pension and Relief Fund Board of Trustees aid must be properly completed ead reimued.to&a Fayanevitle City Clerk 113 West Mountain,Fayetnavi&6 Arkansas,72701 by Jamuffy 3 Id each year.) FIREMEN'S RELIEF AND PENSION Revised July 7 7 2012 7 7 7 7 THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH LISTED ABOVE YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES.IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. DATE OF Regular Me Year To Date EMP#RETIREMENT NAME Benerit Reg Benefit a 79 11/99 SMITH(ARMSTRONG)(DILL), PAMELA 1,812.74 12,689.18 R 177 4104 BACHMAN,EDDIE 2,618.55 18,329.85 S 74 3186 BAIRD,JULIA 1,802.08 12,614.56 V 63 5172 BOLAIN,ANN 109.27 764.89 R 68 7199 BONADUCE,MICHAEL 2,988.76 20,921.32 S 44 9186 BOUDREY,BETTY MRS. 2,477.42 17,341.94 R 45 9186 BOUDREY,HOWARD 2,089.28 14,624.96 R 49 7188 BOUDREY,JACK 1,647.63 11,533.41 R 57 5W CATE,ROY 1,788.90 12,522.30 V 6 4168 CHRISTIE.ARNOLD 109.27 764.89 R 77 11199 DILL,GARY JOHN 1,812.75 12,689.25 R 188 12105 DOSS,MARION H 5,376.91 37,638.37 R 188 12/05 DOSS,MARION H plus 25 additional pay 731.61 5J21.27 R 11 2J76 FARRAR,ALONZO 998.86 6,992.02 R 192 4106 FARRAR,DANNY 4,155.36 29,087.52 R 38 5/84 FRALEY,JOSEPH G. 1,768.12 12,376.84 R 170 5/03 FREEDUE,LARRY 3,816.75 26,717.25 R 170 5/03 FREEDLE,LARRY plus 25 additional pay 141.37 989.59 R 92 03/02 GAGE,TOMMY 2,596.69 18,176.83 V 34 6179 HARRIS,JAMES E. 109.27 764.89 V 70 11199 HARRIS,MARY RUTH 109.27 764.89 Q 182 10104 JENKINS,EILEEN 1,788.75 12,521.25 R 93 06102 JENKINS,JOHN 1,788.76 12,521.32 R 86 07/01 JOHNSON,ROBERT 3,073.47 21,514.29 R 64 4/95 JORDAN,CHARLIE 2,274.95 15,924.65 8 76 5188 JUDY,JAN 1,647.63 11,533.41 R 37 3/84 KING,ARNOLD D. 1,522.37 10,656.59 R 54 5/89 KING,ARVIL 1,711.21 11,978.47 R 13 10167 LAYER,MERLIN deceased 12129 0.00 R 173 12103 LEDBETTER.DENNIS 3,775.80 26,430.60 R 51 10188 LEWIS,CHARLES 1,647.63 11,533.41 R 40 9/85 LOGUE,PAUL D. 2,868.28 20,077.96 R 202 02/08 MAHAN,MARSHALL 4,077.28 28,540.96 R 50 9188 MASON,LARRY 1,631.25 11,41B.75 R 39 4185 MG ARTHUR.RONALD A. 1,753.74 12,276.18 V 35 2182 MC CHRISTIAN,DWAYNE 109.27 764.89 R 15 4f77 MG WHORTER,CHARLES 1,334.51 9,341.57 S 209 8181 MILLER,ALICE GAYLE 1,304.07 9,128.49 R 73 2f00 MILLER,KENNETH 3,180.02 22,260.14 R 73 2t00 MILUER,KENNETH plus 25 additional pay 170.60 1,194.20 V 42 2186 MOORE,JAMES H.deceased 6/2B 0.00 655.62 S 217 2186 MOORE,BETTY L 109.27 109.27 V 176 4104 MORRIS,DIXIE E. 125.66 879.62 R 48 7188 MULLENS,DENNIS W. 2,191.30 15,339.10 R 184 3105 NAPIER,LONNIE 3,518.28 24,627.96 R 196 01102 ONEAL,TEDDY 4,120.99 28,846.93 R 46 5186 OSBURN,TROY 1,899.66 13,297.62 R 81 02f01 PHILUPS,LARRY 2,765.09 19,355.63 R 203 02108 PIERCE,JOEY 3,647.18 25,530.26 R 53 2019 POAGE,LARRY 2,346.70 16,426.90 R 186 06105 REAGAN,PETE 3,535.71 24,749.97 V 201 �02108 REED,JUNE 109.27 764.89 S 172 12103 SCHADER,MADGE 1,386.01 9.702.07 R 41 9/85 SCHADER.TROY 1,524.99 10,674.93 R 190 04106 SHACKELFORD,GLEN 3,647.18 25,530.26 R 36 5176 SPRINGSTON,CARL 806.19 5,643.33 S 90 03102 STOUT,IMOGENE W. 767.80 5.374.60 R 165 12102 TATE,RAUPH 3,668.10 25,676.70 V 65 3/66 TUNE,BILLIE SUE 136.59 956.13 R 71 Ifoo WARFORD.THOMAS 2,502.72 17,519.04 S 207 7/60 WATTS.MAGGIE 437.09 3,069.63 R 88 01102 WOOD,RONNIED 3.077AS 21,W.05 S 208 9188 WRIGHT,Barbara 1,691.34 11.839.38 118.734.72 831.143.04 71612012 K:TIre PenslonNPenslon 1-IsfiPension List 2012TP 070112 Revised WM DATE OF Regular Mo Year To Date EMP#RETIREMENT NAME Benefit Reg Benefit 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) SWORN TO AND SUBSCRIBED BEFORE ME THIS_DAY OF NOTARY PUBLIC MY COMMISSION EXPIRES: 7123M12 K:Tire PensionWension List\Pension List 2012TP 100112 WM FIREMEN'S RELIEF AND PENSION August a 8 2012 8 8 a 2 THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH LISTED ABOVE YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES.IN THE AMOUNTS SHOWN. AND FOR THE PURPOSE 80 STATED. DATE OF Regular Me Year To Date EMP#RETIREMENT NAME Benefit Reg Benefit Q 79 11199 SMITH(ARMSTRONG)(DILL), PAMELA 1,812.74 14,501.92 R 177 4104 BACHMAN,EDDIE 2,618.65 20,9MAG 8 74 3186 BAIRD,JULIA 1,802.08 14,416.64 V 63 5/72 BOLAN.ANN 109.27 874.16 R 68 7199 BONADUCE,MICHAEL 2,988.76 23.910.06 S 44 9/86 BOUDREY,BETTY MRS. 2.477.42 19,819.36 R 45 9186 BOUDREY,HOWARD 2,089.28 16,714.24 R 49 7/88 BOUDREY,JACK 1.647.63 13,181.04 R 57 5/90 CATE,ROY 1,788.90 14,311.20 V 6 4/68 CHRISTIE,ARNOLD 109.27 874.16 R 77 lV99 DILL,GARY JOHN 1,812.75 14,502.00 R 188 12105 DOSS,MARION H 5,376.91 43,015.28 R 188 12105 DOSS,MARION H plus 25 additional pay 731.61 5,852.08 R 11 2t76 FARRAR.ALONZO 998.86 7,990.88 R 192 4106 FARRAR.DANNY 4,155.36 33,242.88 R 36 6184 FRALEY,JOSEPH G. 1,766.12 14,144.96 R 170 5/03 FREEDUE,LARRY 3,816.75 30,534.00 R 170 5103 FREEDLE,LARRY plus 25 additional pay 141.37 1,130.96 R 92 03102 GAGE.TOMMY 2,596.69 20,773.52 V 34 6179 HARRIS,JAMES E. 109.27 874.16 V 70 11/99 HARRIS,MARY RUTH 109.27 874A6 Q 182 10/04 JENKINS,EILEEN 1,788.75 14,310.00 R 93 06102 JENKINS,JOHN 1,788.76 14,310.08 R 86 07/01 JOHNSON.ROBERT 3.073A7 24,587.76 R 64 4195 JORDAN,CHARLIE 2,274.95 18,199.60 S 76 5/88 JUDY,JAN 1,647.63 13,181.04 R 37 3/84 KING,ARNOLD D. 1,522.37 12,178.96 R 54 5109 KING,ARVIL 1,711.21 13,689.68 R 13 10f67 LAYER,MERLIN deceased 12129 0.00 R 173 12/03 UEDBETTER,DENNIS 3,775.80 30,206.40 R 51 10188 LEWIS,CHARLES 1,647.63 13.181.D4 R 40 9185 LOGUE,PAUL D. 2,868.28 22,946.24 R 202 02108 MAHAN,MARSHAUL 4,077.28 32,61&24 R 50 9188 MASON,LARRY 1,631.25 13,050.00 R 39 4185 MC ARTHUR,RONALD A. 1,753.74 14,029.92 V 35 2/82 MC CHRISTIAN,DWAYNE 109.27 874.16 R 15 4/77 MC WHORTER,CHARLES 1,334.51 10.676.08 S 209 8/81 MILLER,ALICE GAYLE 1,304.07 10.432.56 R 73 2/00 MILLER.KENNETH 3,180.02 25,440.16 R 73 2/00 MIULER,KENNETH plus 25 additional pay 170.60 1,364.80 V 42 2/86 MOORE,JAMES H.deceased 6/28 0.00 655.62 S 217 2/86 MOORE,BETTY L 109.27 218.54 V 176 4104 MORRIS,DIXIE E. 125.66 1,005.28 R 48 7188 MULLENS,DENNIS W. 2,191.30 17,530.40 R 184 3105 NAPIER,LONNIE 3,518.28 28,146.24 R 196 01102 ONEAL,TEDDY 4,120.99 32,967.92 R 46 5188 OSBURN,TROY 1,899.66 15,197.28 R 81 02101 PHILLIPS,LARRY 2,765.09 22,120.72 R 203 02f0S PIERCE,JOEY 3,647.18 29,177.44 R 53 2/89 POAGE,LARRY 2,346.70 18,773.60 R 186 06105 REAGAN,PETE 3,535.71 28,285.68 V 201 -02108 REED,JUNE 109.27 874.16 S 172 12103 SCHADER,MADGE 1,386.01 11,088.08 R 41 9185 SCHADER,TROY 1.524.99 12.199.92 R 190 04106 SHACKELFORD,GUEN 3,647.18 29,177.44 R 36 5f76 SPRINGSTON,CARL 806.19 6,449.52 S 90 03102 STOUT,IMOGENE W. 767.80 6,142.40 R 165 12102 TATE,RALPH 3,668.10 29.344.80 V 65 3166 TUNE,BILLIE SUE 136.59 1,092.72 R 71 1/00 WARFORD,THOMAS 2,502.72 20,021.76 S 207 7/68 WATTS,MAGGIE 43T09 3,496.72 R 88 01102 WOOD,RONNIED 3,077.15 24,617.20 S 208 9/88 WRIGHT,Barbara 1,691.34 13,530.72 118,734.72 949,677.76 7/2312012 K:Tim PensionTension Lis"Pension List 2012WP 080112 WM DATE OF Regular Mo Year To Date EMP#RETIREMENT NAME Benefit Reg Benefit 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 I COUNTY OF WASHINGTON) SWORN TO AND SUBSCRIBED BEFORE ME THIS DAYOF_ NOTARY PUBLIC MY COMMISSION EXPIRES: 7123/2012 K:Tlre Penslon'iPernsion UstTenslon List 20127P 080112 WM FIREMEN'S RELIEF AND PENSION September 9 9 2012 9 9 9 3 THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH LISTED ABOVE YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES,IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. DATE OF Regular Mo Year To Date EMP#RETIREMENT NAME Benefit Reg Benefit Q 79 11199 SMITH(ARMSTRONG)(DILL), PAMELA 1,812.74 16.314.66 R 177 4104 BACHMAN,EDDIE 2,618.55 23,566.95 a 74 3/86 BAIRD,JULIA 1,802.08 16,218.72 V 63 5/72 BOLAIN,ANN 109.27 983.43 R 68 7199 BONADUCE,MICHAEL 2,9138.76 26,898.114 8 44 9186 BOUDREY,BETTY MRS. 2,477.42 22.296.78 R 45 9186 BOUDREY,HOWARD 2,089.28 18,803.52 R 49 7188 BOUDREY,JACK 1,647.63 14,828.67 R 57 5190 CATE,ROY 1,788.90 16,100.10 V 6 4168 CHRISTIE,ARNOLD 109.27 983.43 R 77 11/99 DIUL,GARY JOHN 1,812.75 16,31475 R 188 12/05 DOSS,MARION H 5,376.91 46,392.19 R 188 12/05 DOSS,MARION H plus 25 additional pay 731.61 6,684.49 R I I 2t76 FARRAR,ALONZO 998.86 B,989.74 R 192 4106 FARRAR,DANNY 4,155.36 37,398.24 R 38 5184 FRALEY,JOSEPH G. 1,768.12 15,913.08 R 170 5/03 FREEDLE,LARRY 3,816.75 34,350.75 R 170 5/03 FREEDLE,LARRY plus 25 additional pay 141.37 1,272.33 R 92 03102 GAGE,TOMMY 2,596.69 23,370.21 V 34 6/79 HARRIS,JAMES E. 109.27 983.43 V 70 11199 HARRIS,MARY RUTH 109.27 983.43 0 182 10/04 JENKINS,EILEEN 1,788.75 16,098.75 R 93 06102 JENKINS,JOHN 1,788.76 16,098.84 R 86 07101 JOHNSON,ROBERT 3,073.47 27,661.23 R 64 4/95 JORDAN,CHARLIE 2,274.95 20,474.55 S 76 5188 JUDY,JAN 1,647.63 14,828.67 R 37 3184 KING,ARNOLD D. 1,522.37 13,701.33 R 54 5189 KING,ARVIL 1,711.21 16,400.89 R 13 10/67 LAYER,MERLIN deceased 12/29 0.00 R 173 12/03 LEDBETTER,DENNIS 3,775.80 33,982.20 R 51 10188 LEWIS,CHARLES 1,647.63 14,828.67 R 40 9185 LOGUE,PAUL D. 2,868.28 25,814.52 R 202 02108 MAHAN.MARSHALL 4,077.28 36,695.52 R 50 918B MASON,LARRY 1,631.25 14,681.25 R 39 4/85 MC ARTHUR,RONALD A. 1,75&74 15,783.66 V 35 2/82 MC CHRISTIAN,DWAYNE 109.27 983.43 R 15 4177 MC WHORTER,CHARLES 1,334.51 12,010.59 S 209 alai MILLER.ALICE GAYLE 1,304.07 11,736.63 R 73 2JOD MILLER.KENNETH 3,180.02 28,620.18 R 73 2JO0 MILLER,KENNETH plus 25 additional pay 170.60 1,535.40 V 42 2fB6 MOORE,JAMES H.de�ased 6128 0.00 655.62 a 217 2`86 MOORE,BETTY L 109.27 327.81 V 176 4104 MORRIS,DIXIE E. 125.66 1,130�94 R 48 7/88 MULLENS,DENNIS W. 2,191.30 19,721.70 R 184 a105 NAPIER,LONNIE 3,618.28 31,664.52 R 196 01102 ONEAL,TEDDY 4.120.99 37,088.91 R 46 5188 OSBURN.TROY 1,899.66 17,096.94 R 81 02t01 PHIULIPS,LARRY 2,765.09 24,885.81 R 203 02108 PIERCE,JOEY 3,647.18 32.824.62 R 53 2/89 POAGE,LARRY 2,346.70 21,120.30 R 186 06105 REAGAN,PETE 3,535.71 31,821.39 V 201 A02108 REED,JUNE 109.27 983.43 a 172 12103 SCHADER,MADGE 1,386.01 12,474.09 R 41 9185 SCHADER,TROY 1.524.99 13,724.91 R 190 04106 SHACKELFORD,GLEN 3.647.18 32,824.62 R 36 586 SPRINGSTON,CARL 806.19 7,255.71 3 90 03/02 STOUT,IMOGENE W. 767.80 6,910.20 R 165 12102 TATE,RAUPH 3.M.10 33,012.90 V 65 3166 TUNE,BILLIE SUE 136.59 1,229.31 R 71 1100 WARFORDTHOMAS 2,602.72 22.524,48 5 207 7/68 WATTS,MAGGIE 437.09 3,933.81 R 88 01/02 WOODJRONNIE D 3,077.15 27.694.35 S 20B 9/88 WRIGHT,Barbara 1,691.34 15,222.06 118,73472_t06861248 712312012 K:Tire PensionkPansion Ust\Pension List 2012TP 090112 WM DATE OF Regular Mo Year To Dale EMP#RETIREMENT NAME Benerit Reg Benefit 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;T14AT 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 I COUNTY OF WASHINGTON) SWORN TO AND SUBSCRIBED BEFORE ME THIS-DAY OF NOTARY PUBLIC MY COMMISSION EXPIRES: 7123/2012 K:Tim Penslon\Penslon List\Pension List 2012\FP 090112 WIM FIREMEN'S RELIEF AND PENSION October 10 10 2012 10 10 10 4 THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH LISTED ABOVE YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES,IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. DATE OF Regular Me Year To Date EMP#RETIREMENT NAME Benefit Reg Benefit Q 79 11199 SMITH(ARMSTRONG)(DILL), PAMELA 1,812.74 18,127.40 R 177 4/04 BACHMAN,EDDIE 2,618.55 26,185.50 S 74 3186 BAIRD,JULIA 1,802.08 18,020.80 v 63 V72 BOLAN,ANN 109.27 1,092.70 R 68 7/99 BONADUCE,MICHAEL 2,988.76 29,887.60 8 44 9/86 BOUDREY,BETTY MRS. 2,477.42 24,774.20 R 45 9186 BOUDREY,HOWARD 2,089.28 20,892.80 R 49 7/88 BOUDREY,JACK 1,647.63 16,476.30 R 57 5/90 CATE,ROY 1,788.90 17,889.00 V 6 4/68 CHRISTIE,ARNOLD 109.27 1,092.70 R 77 11199 DIUL,GARY JOHN 1,812.75 18,127.50 R 188 12/05 DOSS,MARION H 5,376.91 53,769.10 R 188 12105 DOSS,MARION H plus 25 additional pay 731.61 7,316.10 R 11 2176 FARRAR,ALONZO 998.86 9,988.60 R 192 4/06 FARRAR,DANNY 4,155.36 41,553.60 R 38 5184 FRALEY,JOSEPH G. 1,768.12 17,681.20 R 170 5/03 FREEDLE,LARRY 3,016.75 38,167.50 R 170 5/03 FREEDLE,LARRY plus 25 additional pay 141.37 1,413.70 R 92 03/02 GAGE,TOMMY 2,596.69 25�966.90 V 34 6179 HARRIS,JAMES E. 109.27 1,092.70 V 70 11199 HARRIS,MARY RUTH 109.27 1,092.70 a 182 10/04 JENKINS,EILEEN 1,78815 17,887.50 R 93 06/02 JENKINS,JOHN 1,788.76 17,007.60 R 86 07/01 JOHNSON,ROBERT 3,073.47 30,734.70 R 64 4/95 JORDAN,CHARLIE 2.274.95 22,749.50 S 76 5/88 JUDY,JAN 1,647.63 16,476.30 R 37 3184 KING,ARNOLD D. 1,522.37 15,223.70 R 54 5189 KING,ARVIL 1,711.21 17,112A0 R 13 10/67 LAYER,MERLIN deceased 12129 0.00 R 173 12/03 LEDBETTER,DENNIS 3,775.80 37,758.00 R 51 10188 LEWIS,CHARLES 1,647.63 16,476,30 R 40 9185 LOGUE.PAUL D. 2,868.28 28,682.80 R 202 02foa MAHAN,MARSHALL 4,077.28 40.772.80 R so 9188 MASON,LARRY 1,631.25 16,312.50 R 39 4185 MC ARTHUR,RONALD A. 1,753.74 17.537.40 V 35 2182 MC CHRISTIAN,DWAYNE 109.27 1.092.70 R 15 4177 MC WHORTER,CHARLES 1,334.51 13.345.10 S 209 8181 MILLER,ALICE GAYLE 1.304.07 13,040.70 R 73 2100 MIUUERJKENNETH 3,180.02 31,800.20 R 73 2100 MIUUER,KENNETH plus 25 additional pay 170.60 1,706.00 V 42 2186 MOORE,JAMES H.deceased 6/28 0.00 655.62 S 217 2J86 MOORE,BETTY L 109.27 437.08 V 176 4/04 MORRIS,DIXIE E. 125.66 1,266.60 R 48 7/88 MULLEINS,DENNIS W. 2,191.30 21,913.00 R 184 3105 NAPIER,LONNIE 3,518.28 35,182.80 R 196 01/02 ONEAL,TEDDY 4,120.99 41,209.90 R 46 Sias OSBURN,TROY 1,899.66 16,996.60 R 81 02101 PHIULIPSJLARRY 2,765.09 27,650.90 R 203 02t0S PIERCE,JOEY 3,647.18 36,471.80 R 53 2/89 POAGE,LARRY 2,346.70 23,467.00 R 186 06/05 REAGAN,PETE 3,535.71 35,357.10 V 201 ADV08 REED,JUNE 109.27 1,092.70 S 172 12iO3 SCHADER,MADGE 1,386.01 13,860.10 R 41 9185 SCHADER,TROY 1,524.99 15,249.90 R 190 04/06 SHACKELFORD,GLEN 3,647.18 36,471.80 R 36 5t76 SPRINGSTON,CARL 806.19 8,061.90 S 90 03102 STOUT,IMOGENE W. 767.80 7,678.00 R 165 12/02 TATE.RAUPH 3,668.10 36,681.00 V 65 3166 TUNE,BILLIE SUE 136.59 1,365.90 R 71 1100 WARFORD.THOMAS 2,502.72 25,027.20 8 207 7160 WATTS.MAGGIE 437.09 4,370.90 R 88 01102 WOOD,RONNIED 3,077.15 30,771.50 S 208 9188 WRIGHT,Barbara 1,691.34 16,913.40 118,734.72 1,187.347 20 7/23/2012 K:Tire Pension'Pension UsfPension List 20121FP 100112 WM DATE OF Regular Mo Year To Date EMP#RETIREMENI NAME Benefit Reg Benefit 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) SWORN TO AND SUBSCRIBED BEFORE ME THIS-DAY OF NOTARY PUBLIC MY COMMISSION EXPIRES: 712312012 KAFIre PensionTension List\Pension List 2012\FP 090112 WM Fire Pension Fund Revenue Expense Summary 6/30/2012 2011 2010 2009 2008 2007 2006 2005 Revenues: Employee Contributions $ $ $ $ $ 1,356.43 $ 6,987.00 $ 11.863.00 $ 23,439.00 Employer Contributions $ $ $ $ $ 2,712.86 $ 13,973.00 $ 25,852.00 $ 46,878.00 State Insurance Tax $ 131,537.45 $ 122,964.58 $ 125.710.67 $ 146,031.32 $ 150,067.00 $ 151,560.00 $ 225,492.00 Local Millage(A mills) $ 211,955.46 $ 498,380.57 $ 508,192.08 $ 485,345.06 $ 441,696.50 $ 388,877.00 $ 370,649.00 $ 339,416.00 Interest and Dividends $ 77,894.29 $ 171,812.69 $ 177,926.35 $ 179,204.26 $ 265,704.47 $ 292,444.00 $ 311,217.00 $ 308,578.00 Gain(Loss)on Sales $ 90,705.90 $ 144,723.49 $ 327,952.15 $ 84,355.52 $ (728,656.78) $ 421,630.00 $ 383,393.00 $ 297,771.00 Future Supplement $ 29,618.00 $ 20,664.00 $ 24,192.00 $ 31,333.44 $ 38,917.00 $ 27,060.00 $ 24,480.00 Misc Revenue $ 2.00 $ 33.64 $ 972.73 $ 389.74 $ 0.96 $ 1,044.00 $ 541.00 $ 176.00 Total Revenue $ 380,557.65 $ 976.105.84 $ 1,158,671.89 $ 899,197.25 $ 160,179.19 $ 1,313,939.00 $ 1,282,135.00 $ 1,266,230.00 Expenditures Regular Monthly Benefits $ 712,408.32 $ 1.432,673.42 $ 1,434,268.78 $ 1,434,487.32 $ 1,436,083.26 $ 1,430,646.00 $ 1,281,954.00 $ 1,097,427.00 Future Supplement $ 29,618.00 $ 20,664.00 $ 24,192.00 $ 31,333.44 $ 38,766.00 $ 26,749.00 $ 24,390.00 Drop Expense $ - $ 2,973.17 $ 43,816.86 $ 125,419.00 $ 238,801.00 $ 398,082.00 Investment Manager Fees $ 3,227.53 $ 61,654.29 $ 52,757,01 $ 53,323.12 $ 67,758.33 $ 76,454.00 $ 78.764.00 $ 84,005.00 Other Expenses: $ - $ 48.00 $ 42.00 Audit Fees $ 3,500.00 $ 3,500.00 $ 3,500.00 $ 3,500.00 $ 3,500.00 $ 3,300.00 $ 3,210.00 Professional Services $ - $ 2,900.00 $ 2,200.00 Legal Fees $ 1,025.00 Bank Fees $ 15.99 $ 131.87 $ 110.90 $ 207.54 $ 228.60 $ 205.00 $ 202.00 $ 188.00 Publications and Dues $ 225.00 $ 300.00 $ 150.00 $ 150.00 $ 150.00 $ 100.00 Travel and Training $ 2,548.88 $ 3,462.00 $ 2,389.00 Total Expenses $ 715,651.84 $ 1,527,802.58 $ 1,514,548.69 $ 1,518,725.15 $ 1,585,419.37 $ 1,675.140.00 $ 1,636,607.00 $ 1,609,791.00 Net Income(Loss)Before Market Adj $ (335,094.19) $ (551,696.74) $ (355,876.80) $ (619,527.90) $ (1,425,240.18) $ (361,201.00) $ (364,472.00) $ (343,561.00) Market Adjustment $ 481,460.38 $ 488,158.52 $ 583,853.06 $ (967.119.37) $ 3,621.71 $ 280,562.00 $ (378,645.00) Net Income(Loss) $ (335,094.19) $ (70,236.36) $ 132,281.72 $ (35,674.84) $ (2,392,359.55) $ (357,579.29) $ (73,910.00) $ (722,206.00) Book Value Total Reserve Assets $ 4,198,884.81 $ 4,534,054.00 $ 5,085,760.74 $ 5,441,627.64 $ 6,061,155." $ 7,486,396.00 $ 7,847,597.00 $ 8,202,070.00 Market Value Total Reserve Assets $ 4,677,764.62 $ 4,877,238.82 $ 6,654,763.66 $ 5,759,825.37 $ 5,823,183.74 $ 8,215,544.00 $ 8,573,123.00 $ 8,647,034.00 *Assets less any liabilities Market Value calculated at year end 7116/2012 KAFire Pension\Revenue&Expense Summary\2012 Revenue&Expense Report\Fire Pension Summary 063012 Fire Pension Turnback 2011 We received the following insurance turnback funds for the old fire pension fund: 2012 2011 2010 2009 2008 Fire $ 229,129.75 $131,537.45 $122,964.58 $125,710.67 $146,031.32 Fire Future Supplement $ 36,105.00 $29,618.00 $20,664.00 $24,192.00 $31,333.44 Pensioner Type Number of Individual Total Payment Pensioners per Payment per per Classification Classification Classification Retirees 40 $726.00 $29,000.00 Spouse/Beneficiary Regular 8 $725.00 $5,800.00 Volunteers 3 $145.00 $435.00 Volunteer Spouse 6 $145.00 $870.00 QDRO 2 $0.00 DROP 0 $0.00 59 $36,105.00 Fire Pension Tumback 2011 We received the following insurance turnback funds for the old fire pension fund: 2007 2006 2005 2004 2003 2002 Fire $150,066.58 $151,560.37 $225,491.71 $185,445.28 $412,688.18 $87,878.13 Fire Future Supplement $38,916.72 $27,080.48 $24,480.00 $16,660.80 $11,487.84 $- 'Vt STATE OF ARKANSAS OFFICE OF ADMINISTRATIVE SERVICES Fiscal Accounting Department of Finance 15 15 West Seventh Street,Suite 700 Post Office Box 2485 Little Rock,AR 72203-2485 and Administration Phone: (501)324-9060 Fax: (501)324-9070 http://www.arkansas.gov/dfa Dear Sirs: Enclosed are payments for your Fire or Police pension program. The payments include the following checked items: --�Olcl Plan Fire Pension Program -'�Old Plan Police Pension Program ',7jAdditional Supplement Fire Pension Program w"Additional Supplement Police Pension Program __!::�Police Supplement Program wTire Future Supplement Program --Z'P'Police Future Supplement Program The payments to the LOPFI plans have been directly remitted to them. LOPFI will apply the funds to your account. Funds for this payment were collected by the Arkansas Insurance Department, certified by the Arkansas Fire & Police Pension Review Board, and disbursed by the Department of Finance and Administration. Thank you for your assistance. Questions concerning the payments should be directed to Arkansas Fire & Police Pension Review Board at (501) 682-1745 or myself at the number below. Sincerely, ;Rj ard Filling i ccounting Manager 501);324-9062 e-mail: richard.drilling@dfa.arkansas.gov Enc. PRB ARKANSAS FIRE & POLICE PENSION REVIEW BOARD 620 W.3rd,Suite 200 Little Rock,Arkansas 72201-2223 Telephone:(501)682zl745 Toll-Free:(866)859-1745 Fax:(501)682-1751 email: info@lopfi-prb.com To: Local FIRE Pension Fund Board of Trustees website:www.lopfi-prb.com From: Arkansas Fire and Police Pension Review Board (PRB) Re: 2012 Future Supplement Fund Distribution Date: June 2012 Enclosed is the Future Supplement Fund distribution for your FIRE pension fund mailed from the Department of Finance and Administration. The distribution complies with Act 1373 of 2003. The amounts listed below are to be distributed equally to each retiree, beneficiary, and DROP participant as of December 31, 2011. The effective date for the distribution is July 1, 2012. Please remember that the amount available for distribution will vary from year-to-year. It may increase or decrease; therefore, to avoid errors we recommend a single one-time payment be made to each eligible participant. The total one-time amount to distribute to each paid participant is: $ 725.00 The total one-time amount to distribute to each volunteer participant is: $ 145.00 For eligible participant(s) who have deceased, those monies are to be placed into the pension fiand. This Nvill ensure each eligible person receives the correct allocation. Should you have questions,please contact Denise Reed at one of the above phone numbers. Thank you. F r j r F j Agency Name: DFA-DISBURSING OFFICER WarrantNumb: 13W-0013686 Address : 1515 W 7TH ST STE 700 Warrant Date: 7/11/2012 City'St Zip: LITTLE ROCK AR 72201 Payment Date: 7./Il/2012 Vendor Number: 0800000336 — Invoice Document Text Net Amount 2012 Fire 2012 Additional Allocation Fire 57,282.44 I L-1 76301 TOTALS THIS WARRANT 57,282.44 AUDI Tki$w RONT,WID AFTER,JUNE 30, Vl 4 �,A ,i,W�7 0 0 13 61?�%, Mutt of �a .... AUM i ,q 0 Treasu] c �,,Ark ,� j k4 Y T(,XTllr5 ORTWR or.. Amookir- I AGF.NCYI MO.1 DAY1 Y PAYTH 0620107111120121 'C'I�"TY OF FAYETTEVILLE $******57282 THE SUAMEREM IS DOE NY TNE,STATF 9 ARKANSAS TO HER HMEM AND ME STATE MEASURER IS READY AV AID SUN TO THE ARDER OF THE RATER OU7`OF tION WREN SPEPIFIED. 1DO)NOT BEND,FQk1D GAMN 1K I:Da �ty Zbjox�,, clolar. rn L -J L -J L -J L -J L -J j Agency Name: DFA-BISBURSING OFFICER Warrant Numb: 12W-1283257 Address : 1515 W 7TH ST STE 700 Warrant Date: 6/29/2012 City,St Zip: LITTLE ROCK AR 72201 Payment Date: 6/29/2012 Vendor Number: 0800000336 - Invoice# Document Text Net Amount 2012 Fire 2012 Old Plan Fire 171,847.31 '476301 TOTALS THIS WARRANT 171,847.31 IZW -,0 NM VIA, -ARPANT'-1% U-j ,R�JUNE30, F A % I F, Q0 A rk "F� OF.- PAY TI-1119 AMOUNT, �j :6, CI Y OF FAYET EV:1,LLE 612, FINE MEIN IN M AV ME STATE��F AMNSM,M PAN MEIN AND INE�SIATE MISS[ At SAM M'M IN SAM ff-ME PAM 1WT,QF ANN MEN SPECIPM. OT-BEND;FOLI Tit: an f,' n�'::''- ,IFF I - - " ' : "." 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