HomeMy WebLinkAbout2010-10-28 - Agendas - Final Ron Wood Position 4/Retined
Lioneld Jordan Chairman Pete Reagan Position 2/Retired
Sondra E.Smith Secretary Gene Warford Position 3/Retined
Marion Doss Position 1/Retired Tayve e0i le
ARKANSAS
Firemen's Pension and Relief Fund
Board of Trustees Meeting Agenda
October 28, 2010
A meeting of the Fayetteville Firemen's Pension and Relief Fund Board of Trustees will be
held at 3:00 PM on October 28, 2010 in Room 326 of the City Administration Building.
Approval of the Minutes:
• June 24, 2010 meeting minutes.
• July meeting was cancelled due to lack of a quorum therefore there are no minutes.
• August meeting was cancelled due to lack of a quorum therefore there are no minutes.
• September meeting was cancelled due to lack of a quorum therefore there are no
minutes.
Pension List Changes:
* Viola Louise Lee deceased October 7, 2010
Approval of the Pension List:
a August, September, October and November 2010 pension lists
Old Business:
New Business:
Viola Louise Lee deceased
NCPERS 2011 membership dues
Revenue expense report 08/31/10
Revenue expense report 09/30/10
2009 Actuarial Valuation
2010 turnback fund information
Longer Investments:
a Monthly Report
0 2 nd Quarter 2010 Report
0 3 rd Quarter 2010 Report
9 Longer View
Privacy Notice
Informational:
0 2011 Meeting Schedule
Board Members Firemen's Pension and Relief Fund
Mayor Jordan Chairman Board of Trustees Meeting Minutes
June24,2010
Sondra E.Smith Secretary Page I of 3
Marion Doss Position I/Rctired
Pete Reagan Position 2/Retircd Taye
Gene Warford I le
Position 3/Retired ARKANSAS
Ronnie Wood Position 4/Retired
Firemen's Pension and Relief Fund
Board of Trustees Meeting Minutes
June 24,2010
A meeting of the Fayetteville Firemen's Pension and Relief Fund Board of Trustees was held at
3:00 PM on June 24,2010 in Room 326 of the City Administration Building.
Mayor Jordan called the meeting to order.
Present: Marion Doss, Gene Warlord, Sondra Smith, Mayor Jordan, Lisa Branson,
Deputy City Clerk, Paul Becker, Finance & Internal Services Director, Audience, and
Press.
Ronnie Wood and Pete Reagan were absent.
Avoroval of the Minutes:
May 27,2010 Meeting Minutes
Gene Warlord moved to approve the May 27, 2010 Firemen's Pension and Relief Fund
Board of Trustees meeting minutes. Marion Doss seconded the motion. Upon r oil call the
motion passed 4-0. Ronnie Wood and Pete Reagan were absent.
Pension List Chanizes: None
Anproval of the Pension List:
July, 2010 Pension List
Gene Warlord moved to approve the July, 2010 Pension List. Marion Doss seconded the
motion. Upon roll call the motion passed 4-0. Ronnie Wood and Pete Reagan were absent.
Old Business:
Election Re gults—Marion Doss and Pete Reagan
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
June 24,2010
Page 2 of 3
Sondra Smith: A copy of the board members is in your packet.
Mayor Jordan congratulated the reelected members.
Nm Business. None
Longer Investments:
Monthl v Report—May 31,2010
A copy of the report was given to the Board
Paul Becker: Sondra you emailed the report didn't you?
Sondra Smith: Yes. It is down a little bit.
Informational:
2010 Meeting Schedule
A copy of the meeting schedule was handed out to the board.
Sondra Smith: Will everybody be here in July? I think Pete said he would be out.
Marion Doss: As far I know I will be here.
Gene Warlord: As far as I know but that is subject to change.
Mayor Jordan: What day is that on?
Sondra Smith: July 291h.
Mayor Jordan: I am going to take some vacation but I think I will be back.
Sondra Smith: I will be on vacation that week.
Marion Doss: If you all need to flex it for your vacation that doesn't bother me.
Gene Warlord: It won't matter if we skip one month.
Sondra Smith: It doesn't matter to me. I just want to have a quorum.
113 West Mountain 72701 (479)575-8323
TDD(Telecommunications Device for the Deaf)(479)521-1316
Firemen's Pension and Relief Fund
Board of Tmstces Meeting Minutes
June 24,20 10
Page 3 of 3
Gene Warford: You're not going to be here and Pete is not going to be here.
Sondra Smith: If I understood Pete right he said he didn't think he was going to be here in July.
I don't know if his plans have changed or not.
Mayor Jordan: Let's go ahead and set it in place and then we can see what happens.
Marion Doss: If you all are on vacation you can let us know.
Mayor Jordan: Yes we will just cancel it ahead of time. How does that sound?
Gene Warford: That sounds good.
Meeting Adjourned at 3:05 PM
113 West Mountain 72701 (479)575-8323
TDD(Telecommunications Device for the Deaf)(479)521-1316
FIREMEWS RELIEF AND PENSION
Aug a 8
2010 8 8
e
THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMENS 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 RegularMo Year To Date Act 1373
EMP#RETIREMENT NAME Benefit Reg Benefit Future Supplement
79 lim SMITH IARMSTRONG)(DILL), PAMELA 1,81Z74 14,501.92
R 177 4104 BACHMAN,EDDIE 2,618.55 2D.M.40 410.DO
S 74 3186 BAIRD,JULIA 1,002.08 14,416.64 410.00
v 63 5172 BOLAIN,ANN 10927 874.16 82.00
R 68 7199 SONADUCE,MICHAEL 2,988.76 23,910.08 410.00
S 44 9/86 BOUDREY,BETTY MRS. 2,477.42 19,819.36 410.00
R 45 90 BOUDREY,HOWARD 2,089.28 16,714.24 410.00
R 49 7M BOUIDREY,JACK 1,647.63 13,181.04 410.00
v 5 5,72 CASELMAN,ARTHUR deceased 2/11110 0.00 282.26
v 210 5/72 CASELMhN,GLADY'S 131.13 786.78 82.00
R 67 sw CATE,ROY, 1,788.90 14,311.20 410.00
v 6 4f68 CHRISTIE,ARNOLD 109.27 874.16 82.D0
v a 10/76 COUNTS,WAYNE 108.27 874.16 82.00
R 77 11/99 DILLGARY JOHN 1,812.75 14,502.00 410.00
R 188 12= DOSS,MARION H 5,376-91 43,016.28 410.00
R lee 12/05 DOSS.MARION H plus 25 addillonal pay 731.61 5.852.88
R 11 2/76 FARRARALoNzo 998,86 7,990.88 410.00
R 192 4106 FARRAR.DANNY 4,156.36 33,242.88 410.00
R 38 5/84 FRALEY.JOSEPH G. 1,768.12 14,144.95 410.00
R 170 Sffi3 FREEDLr,LARRY 3,816.75 30.534.00 410.00
R 17D &W FREEDLE,LARRY Plus 25 additional pay 141.37 1,130.96
It 92 G-M2 GAGETOMMY 2,596.69 20,773.52 410.00
v 34 6/79 HARRIS,JAMES E. 109.27 874.16 82.00
v 70 11/99 HARRIS,MARY RUTH 109.27 874.18 82.00
Q 182 10/04 JENKINS,EILEEN 1,788.75 14,310.00
R 93 06102 JENKINS,JOHN 1,788.76 14.310.08 41MDO
R as 07101 JOHNSON,ROBFRT 3,073A7 24,587.76 440.00
R 64 4196 JORDAN,CHARLIE 2,274.95 18,190-60 410.00
S 76 5W JUDY,JAN 1,647.63 13.181.04 410.00
R 37 3/84 KING,AR14OLD D. 1,522.37 12,178.96 410.00
R 54 6189 KING,ARVIL 1,711.21 13,689.68 410.00
R 13 1067 LAYER,MERLIN 456.22 3.849.76 410.00
R 173 12103 LEDBETTER,DENNIS 3,775.80 30.206.40 410.011
v 181 10/04 LEE,VIOLA LOUISE 109.27 874.16 82.00
R 61 10188 LEM,CHARLES 1,647.63 13,181.04 410.00
R 40 9185 LOGUE,PAUL D. 2,868.28 22,946.24 410.00
R 202 02(08 MAHAN,MARSHALL 4,077.28 32,618.24 410.00
R 50 9/88 MASON,LARRY 1,631,25 13,050.00 410.01)
R 39 41M MC ARTHUR.RONALD A. 1,753.74 14,029.92 410.00
v 35 2182 MC CHRISTIAN,DWAYNE 109.27 874.16 82.00
R 15 4/77 MC WHORTER,CHARLES 1,334.51 10,670.08 410.00
S 209 wal MILLER ALICE GAYLE 1,304.07 10,432.56 410.00
It 73 2100 MfLLER.KENNETH 3,180.02 25,440.16 410.00
R 73 2100 MILUER,KENNETH plus 25 addftiMW pay 170-00 1,364.11D
v 42 2AIS MOORE,JAMES H. 109-27 874.16 82.00
v l7e 4/04 MORRIS,DIXIE E. 125.66 1,00,28 82.W
R 48 7188 MULLENS,DENNIS W. 2,191.30 17,530.40 410.00
R 184 =5 NAPIER LONNIE 3,518.28 28,146.24 410.00
R Igo 01/02 ONEAL,TEDDY 4,120.99 32,967.92 410.00
R 46 5/88 OSSURN,TROY 1,89o.es 15.197.28 410.00
R 81 02101 PHILLIPS,LARRY 2,765.09 22,120.72 410.00
R 203 OWN PIERCE,JOEY 3,647.111 20,177-44 410.00
R 53 289 POAGE,LARRY 2,346.70 18,773.60 410.00
R im 06M REAGAN,PETE 3,535.71 28.285.68 410.00
v 201 A02108 REED,JUNE 109.27 874.16 82.00
S 172 l2fO3 SCHADER,MADGE 1,3N.01 11,088.08 410.00
R 41 9AS SCHADER,TROY 1,624.99 IZ199.92 410.00
R 190 04106 SHACKELFORD,GLEN 3.647.10 29,177.44 410.00
R 36 5/76 SPRINGSTON,CARL 806.19 6.449.52 410.00
S go =2 STOUT,IMOGENE W, 767.80 6,142.40 410.00
R 165 12102 TATE,RALPH 3,WS.10 20,344.80 410.00
v 65 3/66 TUNE.BILLIE SUE 136.69 1,092.72 82.00
R 71 1/00 WARFORO,THOMAS 2.502.72 20,021.76 41&00
S 207 7/88 WATTS,MAGGIE 437.09 3,495.72 410.00
R 88 01/02 WOOD,RONNIE D 3,077,15 24,617.20 410.00
6 208 9/88 WRIGHT,Barbara 1,691.34 13,&10,72 410.00
119,640.61 958.324.88 20,664.00
1012812010 KV-1ve PensiOnVensim LisfiPension List 2010IFp 0SDj lo.xIs WM
WE,THE UNDERSIGNED, DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT;THAT NO PART THEREOF RAS BEEN
PREVIOUSLY PAID;THAT THE PENSION PAYMENTS SO CHARGED AREAN 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
FURNISHEDI,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
NOTARYPUBLIC
MY COMMISSION EXPIRES:
101=201 0 KAFim PensIonVension LidiPerision List 201ffp o8ol 1 o-*WM
FIREMEWS RELIEF AND PENSION
Sept 9 9
2010 9
THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMENS 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 Regulw Mo YM To Date Act 1373
EMP#RETIREMENT NAME Benuffi Reg BoneM Futm Supplement
79 li/99 SMITH(ARMSTRONG)(DILL), PAMELA 1,812.74 16,314,66
R 177 4104 BACHMAN,EDDIE 2,61$,W 23,566.95 410.01)
8 74 N86 BAIRD,JULIA 1.802.08 16,218.72 410.00
V 63 5r72 BOLAIN,ANN 109.27 983.43 82.00
R 68 710 BONADUCE,MICHAEL 2,9118.76 26,898.84 410.00
S 44 Sm BOUDREY,BETTY MRS. 2,477.42 22.295.78 410.00
R 45 9m SOLIOREY,HOWARD 2,080.28 ISX3.52 410.OD
R 49 7/88 BOLIDREY,JACK 1,647.63 14,828-67 410.00
V 6 5172 CASELMAN,ARTHUR deoessed 2/11110 0.00 262.26
V 210 Sf72 CASELMAN,GLADYS 131.13 917.91 82.00
R 67 SM CATE,ROY 1,788.90 16,100-10 410.00
V 6 4M CHMSTIE,ARNOLD 109.27 983.43 82.00
v a IOUS COUNTS,WAYNE 109.27 083.43 82.00
R 77 11109 DILL.GARY JOHN 1.812.76 16.314.75 410.00
R ise 1205 DOSS,MARION H 5.376.91 48,392.19 410.00
R 188 12M 0088,MARION H plus 25 additimal pay 731.61 6,554.49
R 11 2(76 FARRARALONZO 998.86 8,989.74 410.00
R 192 4106 FARRAR,DANNY 4,155.36 37,398.24 410-00
R 38 5184 FRALEY,JOSEPH G. 1.768.12 15,913.08 410.00
R 170 5= FREEDUE,LARRY 3,816.76 34,350.75 410.00
R 170 am FREEDUE,LARRY plus 25 addhiatal pay 141.37 1,272.33
R 92 03102 GAGEtOMMY 2,5116.69 23,370.21 410.00
V 34 6179 HARRIS,JAMES E. 109.27 983.43 82.00
V 70 11M9 HARRIS,MARY RUrH 109.27 983A3 82.00
0 182 10104 JENKINS,EILEEN 1,788.75 116,098.75
R 93 06M JENKINS,JOHN 1,788.76 16,098.84 410.00
R as 07/01 JOHNSON,ROBERT 3,073.47 27,661.23 410.00
R 64 4/95 JORDAN,CHARLIE 2.274.95 20.474.55 410.01)
a 76 Sm JUDY.JAN 1,647.63 14.828.67 410.00
R 37 3184 KING,ARNOLD D. 1.622.37 13,701.33 410.00
R 54 5M KING,ARVIL 1,711.21 15,40G.89 410.00
R 13 lQW LAYER,MERLIN 456.22 4.105.98 410.00
R 173 12M3 LEDBETTER.DENNIS 3,776.80 33,982.20 41IM00
V m 10104 LEE,VIOLA LOUISE 109.27 9B3.43 32.00
R 51 10188 LEWIS,CHARLES 1.647.63 14,828.67 410.01)
R 40 "S LOGUE.PAUL D. 2,868.28 25,814.52 4%00
R 202 02ADS MAHAN,MARSHALL 4,077.28 36,695.52 410.00
R so 9= MASON,LARRY 1,631.25 14,681.25 410.00
R 39 4185 MC ARTHUR,RONALD A. 1,753.74 iS.783.66 410.00
V 35 2f82 MC CHRISTIAN,DWAYNE 109.27 983.43 BZW
R is 4177 MC WHORTER,CHARLES 1,334.51 12.010.59 410.00
8 209 aml MILLER,ALICE GAYLE 1.304.07 11.736.63 410.00
R 73 200D MILUERJKENNETH 3.180.02 28,620.18 410.00
R 73 2(00 MILUERJKENNETH plus 25 addhimal pay 170.60 1,536.40
V 42 2M MOORE,JAWS H. 109.27 9B3.43 82.00
v 176 4M4 MORRIS,DIXIE E. 126.66 82.00
R 48 7M MULLENS,DENNIS W. 2,191.30 19,721.70 410.01)
R 184 3105 NAPIER,LONNfE 3,618.28 31,654.52 410.00
R 196 01102 ONEAL,TEDDY 4,12D.99 37,088.91 410.03
R 46 fim OSBURN,TROY 1,899.66 17,096.94 410.W
R 81 aml PHILLIPS,LARRY 2,765.09 24,885.81 4110�00
R 203 0210B PIERCE,JOEY 3,647.18 32,824.62 410.00
R 53 289 POAGE,LARRY 2.346.70 21,12D.3D 410.00
R 186 08105 REAGARPETE 3.535.71 31.821.39 410.00
v 201 A02108 REED.JUNE 109.27 983.43 82.00
8 172 12103 SCHADER,MADGE 1,386.01 12,474.09 410.00
R 41 9185 SCHADER,TROY 1,524.99 13,724.91 410.0D
R 190 04106 SHACKELFORD,GUEN 3,647-18 32.a24.62 410.00
R 36 SM SPRINGSTON.CARL B06.19 7.255.71 410.W
S 90 03102 STOUT.IMOGENE W. 767.80 8,910.20 410.00
R 165 12102 TATE,RALLPH 3,668.10 33.012.90 410.00
V 65 3AN TUNE,BILLIE SUE 138.59 1,229.31 82,00
R 71 In WARFOROXHOMAS 2,SD2.72 22,524.40 410.00
8 207 7M WATTS,MAGGIE 437.09 3,933.81 410.00
R 88 01/02 WOODAONNIE D 3,077.15 27,69C36 410.00
8 208 9088 WRIGHT,Barbara 1,091.34 15,222.06 410.00
11964081 1075MA9 20,664.00
10/2aMIO KAFim Pensim\Pensim LishPonsion List 2OiOFP 09011OAs WM
WE,THE UNDERSIGNED,DO SOLEMNLY SWEAR THAT THE ABOVE OBUGATIONS 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'$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 PTE-SIDENT
ACKNOWLEDGEMENT
STATE OF ARKANSAS
COUNTY OFWASHINGTON)
SWORN TO AND SUBSCRIBED BEFORE ME THIS-DAY OF
NOTARY PUBLIC
MY COMMISSION EXPIRES:
lOrAQ010 K-.%Ffm P�ionXP�ion UsfiPension List 201OWP 090110.)ds WM
FIREMENT RELIEF AND PENSION
Oct 10 10
2010 10 10
THE FOLLOWING ARE;iE OBLIGATIONS Or THE FIREMENS RELIEF FUND FOR THE MONTH LISTED ABOVE
YOUARE HEREBY INSTRUCTED TO ISSUE OKECKSTD THE PAYEES INTHEAMOUNTSSHOWN,
AND FOR THE PURPOSE So STATro.
DATE OF ReQuI&rM0 YwTo Date Act 1373
rMPXRETIREMENT NAME Benefit Reg Swafit FLA"St"WmW
79 11190 SMITH(ARMSTRONG)(DILL), PAMELA 1,812.74 18.127.40
R 177 4/04 RACHMAN,EDDIE 2,610.65 25,185.50 410.00
S 74 3w SAIRD.JULIA 1,80.08 18,020.80 410.00
V 63 6f72 SOLAIN,ANN 109.27 1=70 82.00
R so 7/90 BONADUC9,MICHAEL 2,988.70 29.887.60 410.00
S 44 M BOIJOREY,BETTY MRS. 2,477A2 24,774.2D 410.00
R 45 Sm BOUDREY,HOWARD 2,089.20 20,892.00 410.00
R 49 7M SOUDREY.JACK 1,647.63 16,476.3D 00.00
V 6 om CASELMAN.ARTHUR d�ased 2111110 0.00 262.26
V 210 5f?2 CASELMAN.GLAOYIS 131.IS 1,049.04 82.00
R 57 sm CATr.ROY 1,788.90 17,889.0D 410.00
V a 4M CHRISTIE,ARNOLD 109.27 1,092.70 82.W
V a IQ" COUNTS.WAYNE 1109,27 1,002.70 82.0D
R 77 iIAS DILLAARY JOHN 1,812.75 18,127.60 410.00
R ISO 1205 DOES,MARION H 5,376.91 53.769.10 410.00
R 188 11205 DOSS,MARION H pka 25 addkWW pay 731.61 7,31&10
R 11 2r7S FARRARALONZO 988.86 9,9w.80 410.00
R 192 4M FARRAR,DANNY 4,155.38 41.5N.60 410.00
R 38 6184 FRALEY,JOSEPH G. 1,768.12 17,881.20 410.00
R 170 SM FREEDLE,LARRY 3,816.76 38,167.50 410.00
R 170 SM FREEDLE,LARRY pka 26 addW�wl pay 141.37 1.413.70
A 92 03M GAGE,TOMMY 2,MS.69 25,9416.90 410.00
V 34 St" HARRIS,JAMES E. 109.27 1,092.70 82.W
V To IIM HAMUS,MARY RUTH 109.27 1092.70 82.00
a 182 lQq)4 JENKINS,EILEEN 1,788.75 17.887.50
R 93 OM JENKINS,JOHN 1,788.76 17.887.60 410.00
R 86 07/01 JOHNSONROBERT 3.073.47 30,734.70 410.00
R 64 4M JORDAN,CHARLIE Z274.95 22,749.50 410.OD
S 76 586 JUDY.JAN 1,647.83 16,4M30 410.00
R 37 301 KING,ARNOLD D. 1,522.37 15=.70 410.00
R 84 SS0 KING,ARVIL 1,7il.21 17,112.10 410.01)
R 13 ICV67 LAYER,MERLIN 456.22 4,1162-20 00.00
R 173 12(03 LEDBETTER,DEW41S 3,776.80 37.758.00 410.00
V 181 10(04 LEE,VIOLA LOUISE 109.27 1.092.70 82.00
R 61 101118 LEWIS,CHARLES 1,647.63 16.47630 410.00
R 40 Sm LOGUE,PAUL D. 2,8158.211 28.682.80 410.00
R 202 Q2XS MAHAN,MARSHALL 4.077.28 40,772.80 410.00
R 50 908 MASON,LARRY 1,63125 18,312M 410.01)
R 39 41" MC ARTHUR.RONALD A. 1.763.74 17.637.40 410.0)
V 35 262 MG CHRISTIAN,DWAYNE 109.27 1,092.70 82,W
R 15 4/77 MC WHORTER,CHARLES 1,334.61 13.345.10 410.00
S 209 bill MILLER,ALICE GAYLE 1,304.07 13,040.70 410.00
R 73 IW MILLER,KENNETH 3,180.02 3118M.20 410.00
R 73 20) MILLER.KENNETH Plus 25 addillowl pay 170.60 1,705.00
V 42 2086 MOORE.JAMES K 109.27 1,092.70 82.00
V 176 4M4 NORMS,ODUE E. 126.65 1,268.60 82.00
R 48 7= MULLENS,DENNIS W. 2,191.31) 21.913.00 410.00
R 184 3A35 NAPEP,LONNIE 3,518.20 36,182.80 410.W
R 196 DIM2 ONEAL,TEDDY 4.120.99 41,209.90 410.00
R 46 SM OSBURN,TROY 1,899.66 101996.6c) 410.00
R 81 02(01 PHLUP$J-ARRY 2,765.09 27.680.91) 410.0)
R 203 02= PIERCE,JOEY 3,$47.18 36,471.90 410.00
R 53 2W POAGE,LARRY 2,346.70 23,467.01) 410.00
R 186 DO= REAGANPETE 3�WS.71 36,367.10 410.00
V 201 A0208 REED.JUNE 109.27 11,092.70 82.00
8 172 1201 SCHADER,MADGE 1,300.01 13.8m.10 410.00
It 41 SM SCHADER TROY IA24.99 15.249.90 410.00
R 190 041015 SHACKELFORD,GLEN 3,647.18 30,4711K) 410.00
R 30 fim SPMNGSTON,CARL sm.19 81081.90 410.00
3 90 03002 STOUT.IMOGENE W. 767.80 7,678.00 410.00
R 166 12102 TATE,RALPH 3,668.10 36161".00 410.00
V 65 3/88 TUNE,BILLIE SUE 136.89 1,365.90 82.00
R 71 Iffio WARPORD.THOMAS 2,51D212 25,02720 410.00
S 207 7AIS WATTS,MAGGIE 437.09 4,370.91) 410.01)
R as 01102 WOOD.RONNIE D 3,077.15 30,771.60 410.00
S 208 em WRIGHT,Sarbm 1.601.34 iS.913.40 410.01)
119M.gj 1,1S,5406,10 2�0604,00
lOr2=IOK�W-WPonsionUlensWWolpe�ust2olo+�pl(I011ojbwm
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 FIREMENS 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
NOTARYPUBLIC
My COMMISSION EXPIRES:
10128/2010 K:\Ffm PaWMIPenSlon UsfiPWaion List 2010%FP 1001 1OAs WM
FIRGMRWS REUEF AND PENSION
may
2010
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$0 STATED
DATE OF Regular Ma Year To Date Act 1373
EMP#RETIREMENT NAME Belem Roo Beriellt Future Supplarrmft
70 11199 SMITHMMSTRONG)(DILL), PAMELA 1,812.74 19,940.14
R 177 4/04 BACHMAN,EDDIE 2.618.65 26,81M.06 410.00
s 74 3188 BAIRD,JULIA 1,802.08 19,022.88 410.00
V 63 !V72 GOLAN,ANN 100.27 1,201.97 82.W
R 68 7199 BONADUCE,MICHAEL 2,98191.76 32,876.38 4`10.00
6 44 Q" SOUDREY,BE71Y MRS. 2,477.42 27,251.62 410.00
R 45 9= SOUDREY,HOWARD 2,089.28 22,982.08 410.00
R 49 710 BOUDREY.JACK 1,647.63 18,123.93 410.00
V 6 5f72 CASEUMAN,ARTHUR demased 2/11110 0.00 262.25
V 210 rx72 CASEUMAN,GLADYS 131.13 1,180.17 62.00
R 57 SW CATIE,ROY 1.7m.90 19,677.00 410.00
V 6 4088 CHRISTIE,ARNOLD 109.27 1,201.97 82.00
V 8 1008 COUNTS,WAYNE 100.27 1,201.97 82.00
R 77 11/0 DILL.GARY JOHN 1,812.75 ig,940.25 410.00
R 188 12" DOSS,MARION H 5,376.01 59,146.G1 410.00
R i8s 12005 DOSS,MAMON H plus 25 acitIftimal pay 731.61 8,047.71
R 11 2f76 FARRARALONZO 998.88 10,987.46 410.00
R 192 4AIS FARRAR,DANNY 4,156.36 45,708.96 410.00
R 38 544 FRALEY JOSEPH G 1,76B.12 19,449,32 410.00
R 170 &W FREEDLF-LARRY 3,816.75 41.984.26 410.00
R 170 SW FREEDLE,LARRY plus 25 addtfio"pay 141.37 11565-07
R 92 OM GAGE,TOMMY 2,586.69 28,SM.59 410.00
V 34 Sr/9 HARRIS,JAMES E. 109.27 1,201.07 82M
V 70 1IM9 HARRIS,MARY RUTH 109.27 1"1.97 82.00
0 182 10)U JENKINS,EILEEN 1,788.75 19,676.25
R 93 0802 JENKINS,JOHN 1,788.76 19,87&3S 410.00
R 66 07101 JOHNSON,ROBERT 3,073.47 33,808.17 410.00
R 64 4M JORDAN,CHARLIE 2,274.95 25,024.45 410.00
S 78 5ma JUDY,JAN 1,647.63 181123.93 41&00
R 37 3W KING.ARNOLD M 1,622.37 16,746.07 410.00
R 54 Sm KING,ARVIL 1,711.21 is.M.31 410.00
R 13 1=7 LAYER,MERUN 466.22 SJH8.42 410.00
R 173 12fO3 LEDBETTER.DENNIS 3,775.80 41,533.80 410.00
V 1111 10/04 LEE,VIOLA LOUISE 1,092.70 82.00
R 51 1001 LEWIS,CHARLES
1,647.83 18,123.93 410.00
R 40 sm LOGUE,PAUL 0. 2.80.28 si.651.08 410.00
R 202 WM MAHAN,MARSHALL 4,077.28 44,861).08 410.00
R 60 9110 MASON,LARRY 1,631.26 17,ga75 4110.00
R 39 4/W MC ARTHUR,RONALD A. 1,753.74 19,291.14 410.00
V 36 2M2 MC CHRISTIAN,DWAYNE 109.27 1=11.97 82.00
R 15 4rf7 NIC WHORTER,CHARLES 1,334.51 14,679.61 410.00
S 209 "1 MILLER,ALICE GAYLE 1,3N.O7 K344.77 410.00
R 73 2101) MILLER.KENNETH 3.180.02 34,900.22 4110.01)
R 73 2MO MILLER,KENNETH plus 25 addlillonal pay 170.60 1,87&W
V 42 2(86 MOORE,JAMES H. 109.27 1,201.97 82.00
V 176 404 MORRIS,DtXIE E. 126.86 1,382.26 82.00
R 48 71118 MULLEN$,DENNIS W. 2,191.30 24,104.30 410,00
R 184 3w NAPIER,LONNIE 3.618.2B 38.701.08 410.00
R 196 01/02 ONEAL,TOM 4,12D.99 46,330.89 410.00
R 46 SM OSBURN,TROY 1,899.66 2D.895.26 410.00
R 81 02f0i PHILUPSXARRY 2,765.00 30,415.99 410.00
R 203 02(03 PIERCE.JOEY 3,847.18 40,118.98 410.00
R 63 Z" POAGE,LAMY 2,346.70 25,81&70 410.00
R 186 OSM REAGAN,PETE 3,635.71 38.892.81 00.00
V 201 �02= REED,JUNE 10927 11,201.97 82.00
S 172 112W SCHADER.MADGE I�W.01 15,246.11 410.00
R 41 SIBS SCHADER,TROY 1,524.99 16,774119 410.OD
R 190 04MB SHACKEUFORD,GLEN 3,S47.18 40,118.98 410.00
R 36 &M SPRINGSTON.CARL wS.19 o'ess.09 410.00
S 90 03002 STOUT,IMOGENE W. 767.W 8,446.80 411100
R Iss 11=2 TATE,RALPH 3.688.10 40,349.10 410.00
V 66 3M TUNE,BILUE SUE
R 71 I= WARFORD.THOMAS 13&59 1=.49 87 OD
2A02.72 27,529.92 410.00
207 7M WATTS.MAGGIE 437.09 4,807.99 410.00
R 88 01102 %VOOD.RONNIE D 3,077.16 33,80.115 410.00
208 QW! WRIGHT,Borlov 1.601-m 18,604.74 410.00
119,431.34 1,3114,837,44 2�0884,00
100MO KAMM PerisimlPerAw UsNIonslon Lid 20IMP 1101 10.)b WM
WE,THE UNDERSIGNED. DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT-,THAT NO PART THEREOF HAS
SEEN PREVIOUSLY PAID; THAT THE PENSION PAYMENTS SO CHARGED ARE IN ACCORDANCE WITH THE ACTIONS OF THE BOARD OF
TRUSTEES OF THE FIREMENS RELIEF AND PENSION FUND;THAT THE SERVICES OR SUPPLIES FURNISHED,AS THE CASE MAY BE,WERE
ACTUALLY RENDERED OR FURNISHED;AND 11-KT THE CHARGES MADE THEREFORE DO NOT EXCEED THE AMOUNTALLOWED BY LAW OR THE
CUSTOMARY CHARGE FOR SIMILAR SERVICES OR SUPPLIES
SECRETARY CHAIRMAN AND PRESIDENT
ACKNOWLEDGEMENT
STATE OF ARKANSAS
COUNTYOFWASHINGTON)
SWORN TO AND SUBSCRIBED BEFORE ME THIS-DAY OF
NOTARY PUBLIC
MY COMMISSION EXPIRES:
10MM010 KAFka PowWWemion UdUDwolon List 201OWP 1101 lo.xis WM
Louise Lee
FAYETTEVILLE—Louise LeA,�
84,of Fayetteville,died Thurs-�
day, Oct.Z 2010,at Circle of'
Life Hospice in Springdale.
She was born Sept.
1926, in Prairie Grove,Ark.',
the d, aughter of Lester J.
and Beulah M. McClel-,
land McWhorter. Sh6-
was preceded in death by
her husband, Harold.E.�
Lee; a brother, Glenn K.
McWhorter; and a sister,
Lillian Eubanks.
She was a former employee
of Shipley Baking Co. and'
a retired employee of the
Fayetteville Public School:
System. She was a member
of Center Street Church.Qf
Christ.
She is survived by one
son,Bunky Lee and his wif6,
Paula, of Fayetteville; one�
daughter, Sue Garmon and
her husbandjim,of Fayette�,
ville; three grandchildren
Bo Garmon and his wifej
Meredith, Brooks Lee and
his wife, Allison,and Shell�i
Lee and fianc6,Martin Finley'
q
all of Fayetteville,three great-
grandchildren,Crawford aiul
Conlee Garmon and Garon
Lee;and one brother,Charle's
McWhorter and his wife,
Jane,of Fayetteville. 0
Private graveside service
will be held at Fairview
Memorial Gardens.
Funeral service will bd�
held at 11 a.m. Saturday 16MW5
the Center Street Church
Christ in Fayetteville,unde
the direction of Moore
Chapel,Jack English be
officiating.
Visitation will be from-�
5 to 7 p.m.today at Moorei�
chapel.
I Memorials may be made,,-
to:Circle of Life Hospice�,91
Jones Road, Springdale,
72762; or, Susan G. Kome
Foundation, Attn: Donorl-l'
Services, P.O. Box 650309;,.
Dallas, TX 75265-0309; or,��.:
Center Street Church of,
Christ Memorial Fund, PA,
Box 1022, Fayetteville, AP,
72702.
To sign online guest boft
visit wwwrnooresfuneralcliski.
pel.com.
113WestMountain
Fayettevilie,AR 72701
Telephone:(479)575-8323
yevtje Fax:(479)718-7695
city—clerk@ci.fayetteville.ar.us
City Clerk/Treasurer Division
October 11,20 10
Mr. Gary Lee
1852 N Old Wire Road
Fayetteville, AR 72703
RE: Firemen's Pension&Relief Fund
Dear Mr. Lee,
I am very sorry to hear about the loss of your mother. The pension benefit Ms. Lee was
receiving will end due to no surviving spouse or children under the age of 23. We do not prorate
benefits dunng the month the pensioner deceased.
Please send a copy of Ms. Lee's death certificate to:
City of Fayetteville
City Clerk Treasurer
113 West Mountain
Fayetteville,AR 72701.
lf you have any questions You may contact my office at 575-8323. 1 will keep you in my
thoughts and prayers during this difficult time.
Sincerely,
,q r--- &.�
Secretary
Firemen's Pension and Relief Fund Board of Trustees
Enclosure
Fayetteville,Arkansas
FIREMEN'S PENSION&REUEF FUND AFFIDAVIT RECEIVED
STATE OF ARKANSAS JAN 2 2 2010
)ss:
COUNTY OF WASHINGTON CITY OF FAYETTEVILLE
CITY CLERKS OFFICE
del do solemnly swear that I presently receive pension benefits
e Firemen's Pension and Relief Fund and I am eligible to continue receiving pension benefits as governed under state law.
0 1 am a former firefighter for the Fayetteville Fire Department.
5ki am the spouselformer spouseAvidow of a fixiner firefighter of the Fayetteville Fire Department,and that I have not remarried
since becoming eligible for benefits.
I am an eligible dependent ofa former firefighter forthe Fayetteville Fire Department and have attached an affidavitveriP)ing my
school attendance.
Address:- 1r,?y-0 1.50
Telephone: (t1-7
Social Security No.: Birth date:
PLEASE LISTALLBENEFICIAMES BELOW(complete only for spouse,minorchildren and/or children under23 years ofage thatare carolled
in a institute of higher education):
NAME SociAL SEcuRiTY No. BIRTH D RELATIONSHIP
DATEDthis day of
is 2
AFFIANT(min-lature) V
SUBSCRIBED AND SWORN to befbre me,a Notary Public,this day of
NotaryPublic
My Commission Expires:
(This affidavit is required annually by the Firemen's Pension and Relief Fund Board of Trustees and must be properly completed and
returned to the Fayetteville City Clerk, 113 West Mountain,Fayetteville,Arkansas,72701 by January 31' each year.)
National Conference on
The Voicefor Public Pensions
Public Employee Retirement Systems
OFFICERS
Pat McElligott
President RECEIVED
Mel Aaronson T 0 1 2010
First Vice President
I September 27, 2010 0
Daniel Fortuna ITY OF FAYETTEVILLE
Second Vice President �GITY CLERKS OFFICE
Tina Fazendine
Secretary Dear NCPERS Member:
Richard Wachsman
Treasurer As the end of a great year of membership approaches, we are reaching out to
EXECUTIVE BOARD you to thank you for your membership. Our organization is made up of organizations
that exist for the greater good of retirees and the protection of their financial security.
Stacy Birdwell We want to continue to support you and your efforts through your NCIPERS
Shreveport,LA membership. We have made great strides over the past year and can only continue to
Larry Curran with support from members like you.
Boston,MA
Kelly L.Fox One of the best parts of being a INICIPERS member is the educational and
Olympia,WA networking opportunities at our many events. Here are a few 2011 events you will not
Stephan G.Fugate want to miss:
Baltimore,MD
Dan Givens 0 2011 Legislative Conference, Washington, DC—January 30—February 1
Miami,FL * Trustee Education Seminar, Miami Beach, FL—May 21 - 22
Ronald Gracia 0 2011 Annual Conference, Miami Beach, FL—May 22—26
Detriol,M)
Kathy Harrell For your convenience you may renew your membership using your credit card by
Cincinnati,OH logging onto the 'Member Only' section of the NCPERS web site or via mail or fax. All
Kenneth Hauser renewal payments are due by January 1, 2011.
Chicago,IL
Bill Lundy We encourage you to renew as soon as possible so that you can continue to
Little Rock,AR enjoy all of your member benefits. Feel free to contact us if you have questions.
Will Pryor
Los Angeles,CA
John Reilly Sincerely,
Philadelphia,PA
Mona Romain
New York,NY
Carol G.Stulkes Tenikka Greene
Philadelphia,PA Director of Membership
Richard Teltamant
Dallas, TX
Carolyn Widener
Venice,CA
Elmer J.Khal
Past President
Hank H.Kim,Esq.
Executive Director
&Counsef
IIICIPERS 0 444 North Capitol Street NW,Suite 630,Washington,DC 20001 0 202.624,1456 fax 202.624.1439 info@NCPERS.org 0 www.ncpers.org e.4ll
Invoice
The Voice for Public Pensions Invoice No.27475
444 N.Capitol St.,NW Suite 630 Invoicing Date: 09/27/2010
Washington,DC 20001
Sondra Smith Member ID: 23510
Fayetteville Firemen's Pension&Relief Fund Invoice Due: 01/01/2011
Board of Trustees
113 West Mountain Street,
Fayetteville,AR 72701
Description Qty Rate Amount
Fund Membership Fee 1.00 150.00 150.00
01/01/2011 to 12/31/2011
Total: 150.00
Amt Paid: 0.00
Balance Due: 150.00
2011 Dues
- ------------------------- - -- -------------------------- -- ------- ------ --- ------- - - ---------------- ---------- -- ------------ ------------ -- --- -
Fayetteville Firemen's Pension Member ID: 23510 Payment Enclosed: $
&Relief Fund Board of Invoice Number: 27475
Trustees Due Date: 01/01/2011 Make checks payable to:
National Conference on Public
113 West Mountain Street, Total Due: 150.00 Employee Retirement Systems
Fayetteville,AR 72701 444 N.Capitol St.,NW Suite 630
Washington,DC 20001
Please verity address and provide corrections below: Convenient online payment option at:
http://www.ncpers.org
Organization Name: Charge:
Primary Billing Person: R VISA American Express
Mailing Address: F-1 Mastercard
Cud No. Exp.Date
City,State,Zipcode:
Signature Sec.Code
Fire Pension Fund Revenue Expense Summary
Revenues: 8/31/2010 2009 20081 2007 2006 2005 2004
Employee Contributions $ $ $ 1,356.43 $ 6,987.00 $ 11,863.00 $ 23,439.00 $ 26,393.00
Employer Contributions I $ $ 2,712.85 $ 13,973.00 $ 25,852.00 $ 46,878.00 $ 53,730.00
State Insurance Tax $ 122,964.58 $ 125,710.67 $ 146,031.32 $ 150,067.00 $ 151,560.00 $ 225,492,00 $ 185,445.00
Local Millage(A mills) $ 238,121.94 $ 485,345.06 $ 441,696.50 $ 388,877.00 $ 370,649.00 $ 339,416.00 $ 295,409.00
Interest and Dividends $ 116,786.46 $ 179�204.26 $ 265,704.47 $ 292,444.00 $ 311,217.00 $ 308,578.00 $ 328,158.00
Gain(Loss)on Sales $ 216,306.01 $ 84,355.52 $ (728,656.78) $ 421,630.00 $ 383,393.00 $ 297,771.00 $ 466,221.00
Future Supplement $ 20,664.06 $ 24,192.00 $ 31,333.44 $ 38,917.00 $ 27,060.00 $ 24,480.00 $ 16,661.00
Misc Revenue $ 957.41 $ 389.74 $ 0.96 $ 1,044.00 $ 541.00 $ 176.00 $ 121.00
Total Revenue $ 715,800.40 $ 899,197.25 $ 160,179.19 $ 1,313,939.00 $ 1,282,135.00 $ 1,266,230.00 $ 1,371,138.00
Expenditures
Regular Monthly Benefits $ 956,324.88 $ 1,434,487.32 $ 1,436,083.26 $ 1,430,646.00 $ 1,281,954.00 $ 1,097,427.00 $ 1,005,154.00
Future Supplement $ 20,664.00 $ 24,192.00 $ 31,333.44 $ 38,766.00 $
Drop Expense 26,749.00 $ 24,390.00 $ 16,349.00
$ 2,973.17 $ 43,816.86 $ 125,419.00 $ 238,801.00 $ 398,082.00 $ 431,817.00
Investment Manager Fees $ 39,368.11 $ 53,323.12 $ 67,758.33 $ 76,454.00 $ 78,764.00 $ 84,005.00 $ 86,515.00
Other Expenses: $ 48.00 $ 42.00
Audit Fees $ �;500.00 $ 3,500.00 $ 3,500.00 $ 3,500.00 $ 3,300.00 $
Professional Services $ 2,900.00 3,210.00 $ 3,700.00
LegalFees $ 2,200.00
Bank Fees $ 55.82 $ 207.54 $ 228.60 $ $ 1,025.00
Publications and Dues 205.00 $ 202.00 $ 188.00 $ 129.00
150.00 $ 150.00 $ 150.00 $
Travel and Training 150.00 $ 100.00 $ 100.00
$ 2,548.88 $ 3,462.00 $ 2,389.00
Total Expenses $ 1,023,010:81 $ 1,518,725.15 $ 1,585,419.37 $ 1,675,140.00 $ 1,63607.00 $ 1,609,791.00 $
1,543,764.00
Net Income(Loss) Before Market Adj (307,21 1 0.41) $ (619,527.90) $ (1,425,240.18) $ (361,201.00) $ (354,472.00) $ (343,561.00) $ (172,626.00)
Market Adjustment
$ 583,853.06 $ (967,119.37) $ 3,621.71 $ 280,562.00 $ (378,645.00) $ (79,916.00)
Net Income(Loss) (307,210.41) $ (35,674,84) $
(2,392,359.55) $ (357,579.29) $ (73.910.00) $ (722,206.00) $ (252,542.00)
Book Value Total Reserve Assets 6,137,917.13 $ 6,441,627.54 $ 6,061,156.44 $ 7,486,396.00 $ 7,947,597.00 $ 8,202,070.00 $ 8,646,630.00
Market Value Total Reserve Assets 5,307,616.42 $ 5,769,826.37 $ 6,823,183.74 $ 8,215,544.00 $ 8,673,123.00 $ 8,647,034.00 $ 9,369,238.00
*Assets less any liabilities
Market Value calculated at year end
9/27/2010 K:\Fire Pension\Revenue Expense Summary\201 0 Revenue&Expense Report\0831 10 Fire Pension Summary.xls
Fire Pension Fund Revenue Expense Summary
9130/2010 2009 2008 2007 2006 2005 2004
Revenues;
Employee Contributions $ $ $ 1,356.43 $ 6,987.00 $ 11,863.00 $ 23,439.00 $ 25,393.00
Employer Contributions $ $ $ 2,712.85 $ 13.973.00 $ 25,852.00 $ 46,878.00 $ 53,730.00
State Insurance Tax $ 122,964.58 $ 125,710.67 $ 1146,0311�32 $ 150,067.00 $ 151,560.00 $ 225,492.00 $ 185,445.00
Local Millage(A mills) $ 254,306.42 $ 485.345.06 $ 441,696.50 $ 388,877.00 $ 370,649.00 $ 339,416.00 $ 295,409.00
Interest and Dividends $ 134,749.55 $ 179,2D4.26 $ 265,704.47 $ 292.444.00 $ 311,217.00 $ 308,578.00 $ 328,158.00
Gain(Loss)on Sales $ 235,869.92 $ 84,355.52 $ (728,656.78) $ 421,630.00 $ 383,393.00 $ 297,771.00 $ 466,221.00
Future Supplement $ 20,664.00 $ 24,192.00 $ 31,333.44 $ 38.917.00 $ 27,060.00 $ 24,480.00 $ 16,661.00
Misc Revenue $ 972.73 $ 389.74 $ 0.96 $ 1,044.00 $ 541.00 $ 176.00 $ 121.00
Total Revenue $ 769,527.20 $ 899,197.25 $ 160,179.19 $ 1,313,939.00 $ 1,282.135.00 $ 1,266,230.00 $ 1,371,138.00
Expenditures
Regular Monthly Benefits $ 1.075,865.49 $ 1,434,487.32 $ 1,436,083.26 $ 1,430,646.00 $ 1,281,954.00 $ 1,097,427.00 $ 1,005,154.00
Future Supplement $ 20,664.00 $ 24,192.00 $ 31,333.44 $ 38,766.00 $ 26,749.00 $ 24,390.00 $ 16,349.00
Drop Expense $ 2.973.17 $ 43,816.86 $ 125,419.00 $ 238,801.00 $ 398,082.00 $ 431,817.00
Investment Manager Fees $ 39,696.95 $ 53,323.12 $ 67,758.33 $ 76,454.00 $ 78,764.00 $ 84,005.00 $ 86,515.00
Other Expenses: $ 48.00 $ 42.00
Audit Fees $ 3,500.00 $ 3,500.00 $ 3.600,00 $ 3,500.00 $ 3,300.00 $ 3,210.00 $ 3,700.00
Professional Services $ 2,900.00 $ 2,200.00
LogalFees $ 1,025.00
Bank Fees $ 55.82 $ 207Z4 $ 22&60 $ 205.00 $ 202.00 $ 188.00 $ 129.00
Publications and Dues $ 150.00 $ 150.00 $ 150.00 $ 150.00 $ 100.00 $ 100.00
Travel and Training $ 2,548.88 $ 3,462.00 $ 2,389.00
Total Expenses $ 1,142,860.26 $ 1,518,725.15 $ 1,585,419.37 $ 1,675,140.00 $ 1,636,607.00 $ 1.609,791.00 $ 1,543,764.00
Net Income(Loss)Before Market Adj $ (373,353.06) $ (619,527.90) $ (1,425,240.18) $ (361,201.00) $ (354,472.00) $ (343,561.00) $ (172.626.00)
Market Adjustment $ 583,853.06 $ (967,119.37) $ 3,621.71 $ 280,562.00 $ (378,645.00) $ (79,916.00)
Net Income(Loss) $ (373,353.06) $ (35.674.84) $ (2,392,359.55) $ (357.579.29) $ (73,910.00) $ (722,206.00) $ (252.542.00)
Book Value Total Reserve Assets $ 5,068,274.48 $ 5,441,627.54 $ 6,061,155.44 $ 7,486,396.00 $ 7,847,597.00 $ 8,202,070.00 $ 8,545,630.00
1
Market Value Total Reserve Assets $ 5,406,299.81 $ 5,759,825.37 $ 5,823,183.74 $ 8,215,544.00 $ 8,673,123.00 $ 8,647,034.00 $ 9,369,238.00
*Assets less any liabilities
Market Value calculated at year end
10/1&2010 K:\Fire Pension\Fire Pension Summary
PRB�
ARKANSAS FIRE&POLICE PENSION REVIEW BOARD 620 W.3rd, Suite 200
Little Rock,Arkansas 72201-2223
Telephone:(501)682-1745
Toll-Free:(866)859-1745
To: Board of Trustees Fax: (501)682-1751
FAYETTEVILLE Fire Pension and Relief Fund email:info@lopfi-prb.com
website:www.lopfi-prb.com
From: PRB Staff
Re: 2009 Actuarial Valuation
Date: August 31, 2010
Under state law the actuary for the PRB tests each local fire and police pension fund for
actuarial soundness. Effective with this repoM the PRB has implemented an annual
valuation cycle to assist each fund in monitoring the funding progress of their pension
fund. The enclosed valuation for December 3 1,20=-, answers the following questions
about your fund:
YES NO
I Does income meet or exceed the Necessary
Employer Contribution (see page 4)?
2. Is the funded percentage at least 97% (see page 10),
OR are there enough assets to cover: all active
member contributions; all payments to current
beneficiaries; and 100% of all future payments
earned by active member (see page 11)?
3. Is the pension fund actuarially sound?
(YES response to items I and 2)
FAYETTEVILLE FIREFIGHTERS PENSION FUND
ACTUARIAL VALUATION
AS OF DECEMBER 31, 2009
Osborn, Carreiro & Associates, Inc.
Actuaries Consultants Analysts
Little Rock, Arkansas
One Union National Plaza,Suite 1690
Osborn, Caffelro & Associates, Inc. 124 West Capitol Avenue
Little Rock, Arkansas 72201
ACTUARIES - CONSULTANTS ANALYSTS (501) 376-8043
FAX(501)376-7947
August 31,20 10
Board of Trustees
Fayetteville Firefighters Pension Fund
Gentlemen:
This report presents the results of our actuarial valuation of the assets and liabilities of the
Fayetteville Firefighters Pension Fund as of December 31,2009.
This valuation is required by Arkansas Code Annotated 24-11-205. The purpose of this report is to
(1)evaluate the actuarial status of the Fund,(2)determine the level contribution requirement needed,
(3)review the development of the Fund over the past several years,and(4)present certain actuarial
items on page 9 for disclosure under Governmental Accounting Standards. This report is not
intended for any other purpose.
The member and financial information used in this report was supplied by the Arkansas Fire&
Police Pension Review Board. We did not audit this information,although we did review it for
reasonableness and consistency.
I certify that this report has been prepared in accordance with generally accepted actuarial principles
and practices. In my opinion,the actuarial methods used are appropriate and the actuarial
assumptions produce results which, in the aggregate,are reasonable.
Sincerely,
*0 -A.,M.A.A.A.
Actuary
TABLE OF CONTENTS
EXHIBIT I CONTRI13UTTONS
EXHIBIT 2 COST AND LIABILITIES
EXHIBIT 3 SUMMARY OF FINANCIAL INFORMATION
EXHIBIT 4 COMPARISON WITH PRIOR YEARS
EXH113IT 5 SHORT CONDITION TEST
EXHIBIT 6 EMPLOYEE AND RETIREE PROFILES
EXHIBIT 7 PRINCIPLE PROVISIONS OF THE PLAN
EXHIBIT 8 ACTUARIAL METHODS AND ASSUMPTIONS
EXHIBIT I
CONTRIBUTION
The following contribution level reflects the payment of the current year Normal Cost for benefits attributable
to said year(see Exhibit 2)plus an amount sufficient to pay off the Unfunded Actuarial Liability over a 5-year
period. These costs DO NOT include the contributions due to the Local Police and Firefighters Retirement
System("LOPFI") for persons hired after 1982.
Full Volunteer or
Paid Part-Paid Total
2010 Necessary Annual Contribution to pay:
I Normal Cost,plus $ 0 $ 0 $ 0
2 Pay off the Unfunded Actuarial
Accrued Liability 3,155,357 20,310 3,175,667
3 Total necessary $ 3,155,357 20,310 $ 3,175,667
Less
4 Expected Employee Contribution 0 0 - 0
ERR
Necessary Employer Contribution $ 3,155,357 $ 20,310 $ 3,175,667
(This is the amount needed in
addition to investment income)
Covered Payroll $ 0 N/A $ 0
Necessary Employer Rate N/A $ N/A N/A
These contributions assume that the dollar contribution grows at a rate of 4%per year. The contributions are
assumed to be made continuously throughout the year.
The actual 2009 contribution was$611,055 from the employer.
4
EXHIBIT 2
COSTS AND LIABILITIES
A Normal Cos December 31, 2009
Dollar Percent
(Cost to fund current active members) Amo Qf pay
I Regular Retirement Benefits $ 0 N/A
2 Voluntary Termination Benefits 0 N/A
3 Survivors'Benefits 0 N/A
4 Disability Benefits 0 N/A
TOTAL
0 N/A
B Actuarial Accrued Liabili
I Active Live
Regular Retirement Benefits $ 0
Voluntary Termination Benefits 0
Survivors'Benefits
Disability Benefits 0
0
TOTAL ACTIVE LIVES 0
2 Deferred Retirement option
DROP Accounts $ 0
Future DROP Payments & Pensions 0
TOTAL DROP 0
3 Inactive Live
Retirees $ 18,758,020
Disability Retirees 581,860
Widows &Children 1,509,148
TOTAL INACTIVE LIVES -20,849,028
4 Total Liabili $ 20,849,028
C Aaagk $ 6,764,711
D Unfunded Actuarial Accrued Liability $ 14,084,317
E Effect of Change in Assmptions (if applicable
I Change in Unfunded Accrued Liability $ 31845,153
2 Change in Necessary Employer Contribution $ 866,987
5
EXHIBIT 3
SUMMARY OF FINANCIAL INFORMATION
(Items D-E, and G detennined by Osbom, Carreiro and Associates,Inc.)
Year Ended Year Ended Year Ended
A. INCOME 12/31/2007 12/31/2008 12/31/2009
1 Employee Contributions $ 6,987 1,356 $ 0
2 E=Ioyer Contributions
Employer/Court Fines/Other 13,973 2,713 0
Insurance Tax 150,067 146,031 125,710
Local Millage 388,877 441,697 485,345
3 Other Incom
Guarantee Fund 0 0 0
LOPFI Subsidy 0 0 0
Police Supplement(Act 1452 of 1999) 0 0 0
Future Supplement(Act 1373 of 2003) 38,917 31,333 24,192
Other Income/Donations 1,044 0 390
Adjustment to prior year 0 0 0
asset value
4 Net Investment Income 637,620 (530,711 210,237
TOTALINCOME $ 1,237,485 $ 92,419 $ 845,874
B. EXPENSE
I Administrativ $ 3,855 $ 6,427 $ 3,750
2 Benefits Pai
Monthly Benefits 1,430,646 1,436,083 1,434,487
Police Supplements 0 0 0
Future Supplements 38,766 31,333 24,192
DROP Payouts 4,589 553,503 2,973
3 Refunds 0 0 0
TOTAL EXPENSES 1,477,856 $ 2,027,346 $ 1,465,402
6
EXHIBIT 3 (Continued
C ASSETS (at book value) 12/31/2007 12/31/2008 12/31/2009
1 Cash&Checking Accounts 0 $ 0 0
2 Bank Deposits 81,779 5,457 14,448
3 Savings and Loan Deposits 0 0 0
4 Other Cash Equivalents 181,873 573,102 117,108
5 US Govt. Securities 3,285,030 1,839,474 1,426,060
6 Non-US Govt Securities 0 0 0
7 Mortgages 0 0 0
8 Corporate Bonds 315,394 248,938 619,648
9 Common Stocks 4,136,988 3,337,250 3,219,060
10 Other 65,476 56,951 45,304
11 Payables (70,457) (16) 0
TOTAL ASSETS 7,996,083 6,061,156 5,441,628
D. RATIO OF ASSETS TO
ANNUAL EXPENSES: 5.4 3.0 3.7
E. NET INVESTMENT RETURN:
(Book Value Basis) 8.2% -7.3% 3.7%
7
Exhibit 3 (Continued)
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009
F. TOTAL MARKET VALUE
I Market Value,end of year 9,636,034 8,961,980 8,725,231 5,823,185 5,787,509
(Used for GASB calculations,page 9)
2. Market Value,beginning of year 10,373,147 9,636,034 8,961,980 8,725,231 5,823,185
G. DEVELOPMENT OF ACTUARIAL VALUE OF ASSETS
1 Actuarial Value of Assets,beginning of year 11,133,206 10,243,227 8,999,200 8,720,172 7,458,831
2. Non Investment Net Cash Flow (925,904) (1,570,462) (877,991) (1,404,216) (829,765)
3. Development of Investment Income
(a) Total Market Investment Income(F I-F2-G2) 188,791 896,408 641,242 (1,497,830) 794,089
(b) Assumed Rate for Immediate Recognition 6% 6% 6% 7% 7%
(c) Amount for Immediate Recognition(6%G 1) 667,992 614,594 539,952 610,412 522,118
(d) Amount for Phased In Recognition(a-c) (479,201) 281,814 101,290 (2,108,242) 271,971
(c) Phased In Recognition
Current year:20%of 3(c) (95,840) 56,363 20,258 (421,648) 54,394
First Prior Year (26,669) (95,840) 56,363 20,258 (421,648)
Second Prior Year 104,899 (26,669) (95,840) 56,363 20,258
Third Prior Year (326,911) 104,899 (26,669) (95,840) 56,363
Fourth Prior Year (287,546) (326,911) 104,899 (26,669) (95,840)
Total Phased In Recognition (632,067) (288,158) 59,011 (467,537) (386,474)
(f) Actuarial Value Investment Income 35,925 326,435 598,963 142,875 135,645
3(c)+3(e)
4. Actuarial Value of Assets, End of year
( I +2+3(f)) 10,243,227 8,999,200 8,720,172 7,458,831 6,764,711
5. Net Investment Return on the 0.3% 3.5% 7.0% 1.8% 1.9%
Actuarial Value of Assets
Note: The Pension Review Board's Board Rule#11 first applies this methodology to determine the Actuarial Value
of Assets for the 12/31/99 actuarial valuation report. Different methods were used to determine the Actuarial
Value of Assets for the 12/31/98 and earlier reports.
8
EXHIBIT 3 (Continued)
ACCOUNTING INFORMATIO
This page is included to provide the information required by the Governmental Accounting Standards Board
Statement No. 25 and 27. The values below are based on the assumptions contained in Exhibit 8.
The Annual Pension Cost disclosed in this exhibit will ahnost always differ from the actual cash contribution to
the fund. We must emphasize that these disclosures are shown in the city's financial statements; Sound
actuarial projections should be used to determine the actual cash contribution requirements.
RECONCILIATION OF NET PENSION OBLIGATION(NPO)
I Actuarially Required Contribution 2008 2009 2010
2,155,907 2,562,606 3,396,002
2. Interest on NPO 287,741 391,925 335,830
3. Adjustment to(1) 1,049,954 1,225,816 1,514,427
4. Annual Pension Cost(1)+(2)-(3) 1,393,694 1,728,715 2,217,405
5. Actual Contribution Made 590,441 611,055
6. Increase in NPO (4)-(5) 803,253 1,117,660
7. NPO Beginning of Year 4,795,681 5598,934 6,716,594
8. NPO End of Year 5,598,934 6"716,594
REQUIRED SUPPLEMENTARY INFORMATION
(a) (b) (c) (d) (e) (9)
Unfunded
Entry Age Accrued UAL as a%
Actuarial Market Actuarial Liability Funded Annual of Covered
Valuation Value of Accrued (UAL) Ratio Covered Payroll
Date Plan Assets Liability (c)-(b) (b)/(c) Payroll (d)/(f)
12/31/2003 10,625,689 19,833,848 9,208,159 53.6% 52,016 17702.7%
12/31/2005 9,636,034 20,119,597 10,483,563 47.9% 0 N/A
12/31/2007 a 8,725,231 18,566,993 9,841,762 47.0% 0 N/A
12/31/2008 5,823,185 17,521,460 11,698,275 33.2% 0 N/A
12/31/2009 b 5,787,509 17,003,875 11,216,366 34.0% 0 N/A
12/31/2009 c 5,787,509 20,849,028 15,061,519 27.8% 0 N/A
a Includes change in assumptions to 7%discount rate and 83GAM mortality.
b Before change in discount assumption for 12/31/2009, if applicable.
c Includes change in assumptions to 5%discount rate and 83GAM mortality.
9
EXHIBIT 4
COMPARISON WITH PRIOR YEARS
This exhibit compares current valuation results with those of prior years.
Full Paid Actuarial Computed
Active Members Emvlover Contribution Total Plan
Unfunded Normal
Valuation Annual Percent Dollar Actuarial Cost Funded
Date No. Payroll of Pay Amount Assets Liability Percent Percent
12/31/1984 45 807,438 27.7% 223,455 3,078,619 1,193,660 22.1% 72.1%
12/31/1986 37 723,894 29.6% 213,935 4,006,484 1,379,340 21.8% 74.4%
12/31/1987 * 38 788,348 31.3% 246,479 4,460,948 1,455,161 23.4% 75.4%
12/31/1989 27 639,962 36.0% 230,328 5,189,846 1,976,463 26.6% 72.4%
12/31/1991 23 585,898 33.3% 195,273 5,999,964 1,427,422 25.5% 80.8%
12/31/1993 22 620,116 25.2% 156,484 7,271,255 544,779 25.4% 93.0%
12/31/1995 * 21 676,847 25.6% 173,401 8,897,591 148,392 29.8% 98.4%
12/31/1997 * 17 608,602 55.9% 339,974 10,797,686 1,295,764 38.0% 89.3%
12/31/1999 10 367,188 53.7% 197,315 12,352,474 588,369 37.7% 95.5%
12/31/2001 * 6 234,765 405.5% 952,076 12,920,017 4,319,925 55.4% 74.9%
12/31/2003 * 1 52,016 3270.0% 1,700,905 11,936,657 7,897,191 54.6% 60.2%
12/31/2005 * 0 0 0.0% 2,095,694 10,243,228 9,876,369 0.0% 50.9%
12/31/2007 * 0 0 0.0% 2,140,648 8,720,172 9,846,821 0.0% 47.0%
12/31/2008 0 0 0.0% 2,187,385 7,458,831 10,062,629 0.0% 42.6%
12/31/2009 * 0 0 0.0% 3,155,357 6,764,710 14,084,318 0.0% 32.4%
*13enefits or assumptions changed
Note: Normal cost prior to 12/31/89 is net of 6%employee contributions.
Valuation Part-Paid/Volunteer Actuarial Computed
Date Active Members Emplover Contribution
12/31/1984 1 274
12/31/1986 0 0
12/31/1987 * 0 0
12/31/1989 0 0
12/31/1991 0 0
12/31/1993 0 0
12/31/1995 * 0 0
12/31/1997 * 0 0
12/31/1999 0 0
12/31/2001 * 0 3,123
12/31/2003 * 0 14,807
12/31/2005 * 0 18,412
12/31/2007 * 0 16,368
12/31/2008 0 16,918
12/31/2009 * 0 20,310
10