City Council

The City of Morgantown 430 Spruce Street Morgantown, West Virginia 26505 (304) 284-7439 www.morgantownwv.gov AMENDED AGENDA MORGANTOWN CITY COUNCIL REGULAR MEETING Mon County Commission Chambers, 243 High Street, 2nd Floor, Morgantown, WV 26505 Tuesday, September 20, 2022 at 7:00 PM 1. CALL TO ORDER: 2. ROLL CALL: 3. PLEDGE: 4. APPROVAL OF MINUTES: A. August 30, 2022, Committee of the Whole Meeting Minutes B. September 6, 2022, Legislative Session Meeting Minutes C. September 6, 2022, Regular Meeting Minutes 5. CORRESPONDENCE: A. Urban Deer Archery Hunt 2022 - Assistant Coordinator Rick Bebout B. Arbor Day Proclamation - Dave Barnett C. WV Council of International Programs Day Proclamation - Deanna Epps 6. PUBLIC HEARINGS: 7. UNFINISHED BUSINESS: A. Boards & Commissions 8. PUBLIC PORTION WHICH SHALL BE SUBJECT TO RULES ESTABLISHED BY COUNCIL AND ADOPTED BY RESOLUTION: 9. SPECIAL COMMITTEE REPORTS: A. Special Committee of Unsheltered Homelessness - Members: Mayor Selin, Deputy Mayor Trumble, Councilor Vega, Councilor Harshbarger, Councilor Butcher. 10. CONSENT AGENDA: 1 11. NEW BUSINESS: A. Consideration of APPROVAL of FY 2023 City Council Meeting Calendar B. Consideration of APPROVAL of Mountain Line Sponsorship for Hazel's House of Hope C. Fire & Police Pension Fund Annual Reports D. Consideration of APPROVAL of The Report from the Ward Boundary Commission - Chair Sarah Barnes 12. CITY MANAGER'S REPORT: 13. REPORT FROM CITY CLERK: 14. REPORT FROM CITY ATTORNEY: 15. REPORT FROM COUNCIL MEMBERS: 16. EXECUTIVE SESSION: A. Pursuant to West Virginia State Code section 6-9A-4(2)(9) to discuss acquisition or development of real estate. B. Pursuant to West Virginia State Code section 6-9A-4(b)(2)(A) to discuss personnel matters C. Pursuant to West Virginia State Code section 6-9A-4(b)(9) to discuss pending or potential litigation. 17. ADJOURNMENT: For accommodations please call or text 304-288-7072 2  City of Morgantown Item 4A. MINUTES COMMITTEE OF THE WHOLE MEETING August 30, 2022 The Committee of the Whole Meeting of the Common Council of the City of Morgantown was held in Monongalia County Commission Chambers, on Tuesday, August 30, 2022, at 7:23 p.m. PRESENT: City Manager Kim Haws, Assistant City Manager Emily Muzzarelli, City Attorney Ryan Simonton, Mayor Jenny Selin, Deputy Mayor Danielle Trumble, and Council Members Joe Abu-Ghannam, Bill Kawecki, Ixya Vega, Dave Harshbarger, and Brian Butcher. The meeting was called to order by Deputy Mayor Trumble. PRESENTATIONS: A. Recognition of the Ruby Summer Concert Series Director of Arts & Cultural Development Vincent Kitch thanked everyone who has been involved with the Summer Concert Series. B. Urban Deer Archery Hunt 2022- Coordinator Rick Bebout Moved to a future agenda for presentation. C. Green Team – City’s Climate Action Plan – Jim Kotcon Chair of the Morgantown Green Team Jim Kotcon gave a brief summary of the Action Plan Ideas and Proposals to Implement the Resolution in Support of the Paris Climate Agreement. D. Morgantown Police Department Update – Chief Eric Powell Chief Eric Powell gave a general overview of the police department, such as staffing issues, officer pay, and the changes to the city’s benefits structure with eliminating the shift differential. E. ARPA Funds Action Plan Project Highlights City Manager Kim Haws gave a brief overview of the Strategic Plans. PUBLIC PORTION: Deputy Mayor Trumble opened the public portion and asked if there was anyone wishing to speak. Danielle Walker, 26 Addison Circle, spoke about the 1st Pride Parade and working with the City Ambassadors. She mentioned some concerns regarding the Bon Vista Apartment Fire and why it took so long for the Volunteer Fire Department to get there; Uneven sidewalks in the downtown area is a safety concern; She would like to see more police officers be available for any future parades; Firefighters and their pay. Mickey Geisel, 3282 University Avenue Colonial Park, spoke regarding Big Daddy Guns. Alice Meehan, 888 Vandalia Road, spoke regarding a city’s need for an indoors plan for those who are sleeping under overhangs, in front of buildings, and forced to walk the street all night. 3  City of Morgantown Item 4A. Travis Cadalzo, 649 Villa Place, spoke regarding the Big Daddy Guns store. Andrea Straight, A-9 Bon Vista Apartments, spoke regarding the fire that happened. She was the one that lost her puppy in the fire. She wanted city council to know that the owner of the apartment complex was told about the sprinklers not working and nothing was done about it. The whole unit, 12 apartments was gone within 5 minutes. She would like the Fire laws changed. Kenneth Dufalla, 374 High Street, thanked Rickie on helping get the pedlet done in front of his business on High Street. Spoke about downtown and what has been happening with all those staying on the street and doing drugs. He also spoke about funding the police and fire to protect the downtown area and the businesses. Johnathon Cook spoke regarding Big Daddy Guns and his concerns with them coming to the downtown. There being no one else wishing to speak, Deputy Mayor Trumble closed the Public Portion. ITEMS FOR DISCUSSION: A. A Resolution authorizing application for Governor’s Highway Safety Program Grant After discussion, this item was moved to the September 6, 2022, Regular Meeting Agenda B. A Resolution approving agreement with Monongalia County Board of Education providing a School Resource Officer for Morgantown High School After discussion, this item was moved to the September 6, 2022, Regular Meeting Agenda C. A Resolution approving agreement with Monongalia County Board of Education providing a Prevention Resource Officer for Suncrest Middle School After discussion, this item was moved to the September 6, 2022, Regular Meeting Agenda EXECUTIVE SESSION: Pursuant to West Virginia State Code section 6-9A-4(b)(2)(A) to discuss matters relating to Personnel Matters. Motion by Councilor Abu-Ghannam, second by Councilor Vega, to go into executive session. Motion carried by acclamation. Time: 9:31 p.m. Present: City Council, City Manager, City Attorney. There being no further business, motion by Councilor Vega, second by Mayor Selin, to adjourn the meeting. Time: 11:03 p.m. ___________________________ ___________________________ City Clerk Mayor 4  City of Morgantown Item 4B. SPECIAL MEETING September 6, 2022 Legislative Session Meeting September 6, 2022: The Legislative Session Meeting of the Common Council of the City of Morgantown was held in Monongalia County Commission Chambers on Tuesday, September 6, 2022, at 5:35 p.m. PRESENT: Mayor Jenny Selin, Deputy Mayor Danielle Trumble, Council Members Joe Abu- Ghannam, Bill Kawecki, Ixya Vega, Dave Harshbarger, and Brian Butcher. PRESENT: Delegate Evan Hansen, Senator Mike Caputo, Senator Bob Beach, Delegate Barbara Evan-Fleischauer, and Delegate John Williams. Topics of discussion: • Morgantown Municipal Airport Runway Extension and prepare for future expansions • User Fee Funding • Rail Trail in Suncrest (Morgan Drive) • High Street - Clean Up Bill that has been passed and allows alcohol on the street, not just for special events. - Must be established when this will be allowed and has to be done by Ordinance - (DORA) Designated Outdoor Refreshment Area • Legislative Session with City Council – Barbara suggested November but after the November Election. • Drug Activity • Hazels House of Hope • Sobering Center • Firefighters & Police Officers ADJOURNMENT: There was no business being conducted. No motion was taken to adjourn the meeting. Time: 7:00 p.m. ___________________________ ___________________________ City Clerk Mayor 5  Item 5A. MORGANTOWN CITY MANAGER’S HUNTER REQUIREMENTS AND RULES PERTAINING TO THE CITY OF MORGANTOWN’S URBAN DEER ARCHERY HUNT - 2022 Season Dates Established by the West Virginia Division of Natural Resources: Saturday, September 3, 2022 through Saturday, December 31, 2022 & Monday, January 9, 2023 through Tuesday, January 31, 2023 Hunter Requirements • Hunters must have a valid West Virginia hunting license. • Hunters must complete all parts of the hunt application. • Hunters must successfully complete the Bowhunter Education Course. • Hunters must successfully complete an archery proficiency test. Rules 1. Hunters shall park only in designated parking areas. 2. Hunters shall treat everyone they meet with courtesy and respect. 3. Hunters shall not litter. 4. Hunters shall obey all West Virginia game laws. 5. Hunters will be selected and assigned locations by the City Manager or his designee. A completed application is not a guarantee that a hunter will be selected. The City Manager or his designee will attempt to assign all qualified hunters, but there may be more qualified applicants than hunting locations. 6. Locations for the hunt include, but are not exclusive to: a. Chalfant Avenue properties b. Conrad Place/White Avenue adjacent properties c. Green Bag Road d. Harner Street e. Koontz Avenue f. Liberty Street g. Norwood neighborhood (surrounding woodlots) h. Penninsula Avenue i. Riverview Drive j. Southpoint Circle k. West Virginia University properties i. Agronomy ii. Core Arboretum iii. Dairy Farm 6  Item 5A. iv. Farm woodlot v. Falling Run hollow vi. Motor Pool woodlot vii. Organic Farm viii. Van Voorhis woodlot 7. All hunters, prior to receiving a permit authorizing him or her to participate in the hunt, must agree to hold harmless the City of Morgantown, City of Morgantown employees and officials, and the owner of the realty upon which they will be hunting from any and all claims for personal injury, death, or property damage arising as a result of the hunter participating in the hunt. 8. No person, without first receiving written permission from the City Manager or his designee, may accompany a hunter while he or she is participating in this hunt. 9. Permits must be on a hunter at all times while hunting. 10. Portable, ladder or climbing stands are required for all hunters except for those who are physically disabled and have been issued a valid Class Y hunting license by the State of West Virginia or for sites where a ground blind has been approved. 11. Stalking deer on the ground is prohibited. This includes walking to and from designated hunting sites. 12. Those hunting from an elevated tree stands must use a full-body safety harness while in the tree. 13. The hunter’s name and sequential numbers must be on all arrows used while hunting, i.e. J. Miller #1,. J. Miller #2, J. Miller #3. 14. Shots of 25 yards or more shall not be taken. 15. A maximum of 7 deer can be taken by each hunter on their urban season tags (5 antlerless deer, 2 bucks). Additional deer can be taken on a hunter’s regular West Virginia license providing they have the correct stamps for the corresponding seasons. 16. In pursuance of the City of Morgantown’s deer management goals and the West Virginia Division of Natural Resources’ regulations, an antlerless deer is required to be taken first. After that, 2 bucks can be taken as long as the second buck is preceded by an antlerless harvest. 17. Two deer may be taken per day and can be checked-in at the same time. While two does or a buck and a doe can be taken in the same day, two bucks cannot be taken in the same day. 18. If a wounded deer leaves the boundary of the designated hunting area, the hunter shall not pursue the deer onto another’s realty without first obtaining the permission of the owner of the realty upon which the hunter wishes to enter. The hunter shall not fire his/her bow once he/she leaves the designated hunt area assigned to him or her. If the wounded deer is located, while alive, on another’s property, the hunter must contact the Morgantown Police Department at (304) 284-7522. The hunter shall identify himself/herself as a participant in the Morgantown Urban Deer Archery Hunt, and request assistance from the Police Department in retrieving the deer. 19. If a property owner does not give the hunter permission to enter his or her property to search for a wounded deer, the hunter shall inform the property owner that he or she can call (304) 284-7522 to have the deer removed from his or her property. 7  Item 5A. 20. Under no situation will entrails be left on any property. A carcass is to be removed in its entirety or have entrails placed in plastic bags, removed from the property and properly discarded. (Please provide your own bags for this purpose.) 21. All deer must be checked-in and registered by completing the following two-step process: 1. Using West Virginia DNR’s electronic check-in system by either calling 1-844- WVCheck or by logging into your account at https://wvhunt.com/. 2. Once the deer is checked-in, hunters must report their harvest(s) to Paul Crumrine by phone or text at 304-216-3040. This is mandatory for internal record-keeping. 22. Hunters shall be required to comply with any additional restrictions set by the hunting realty owner which do not conflict with the City Manager’s Rules, the Morgantown City Code, the general statutory laws of the State of West Virginia, and the Rules and Regulations of the West Virginia DNR. 23. Failure to comply with any of the above requirements may result in a hunter’s removal from participating in the City of Morgantown’s archery hunt. 24. Before being issued a permit to participate in the hunt, all selected hunters must agree in writing to the foregoing rules. 8  Item 5B. \lrbe ((itp of ;!fflorgantobln 389 Spruce Street Morgantown, West Virginia 26505 (304) 284-7439 Fax: (304) 284-7525 www.morgantownwv.gov Office of the Mayor PROCLAMATION Whereas, in 1872, J. Sterling Morton proposed to the Nebraska Board of Agriculture that a special day be set aside for the planting of trees; and Whereas, this holiday, called Arbor Day, was first observed with the planting of more than a million trees in Nebraska; and Whereas, the legislature of the State of West Virginia has adopted an Act Designating Arbor Day and by that Act has designated the second Friday of every April as the State Arbor Day; and Whereas, the City of Morgantown will celebrate Arbor Day on October 1, 2022, to take advantage of the fall weather which is an excellent time to plant trees. The shorter days and mild temperatures are less stressful and ensures a greater survival rate on newly planted trees; and Whereas, it is the purpose of the designation of this day throughout the Nation to encourage the planting of shade and forest trees, to encourage the protection of our forests from the scourge of devastating insects, diseases and fires that destroy the beauty and usefulness of our woodlands, parks, and street trees as well as their wildlife; and Whereas, trees can reduce the erosion of our precious topsoil by wind and water, cut heating and cooling costs, moderate the temperature, clean the air, produce oxygen, and provide habitat for wildlife; and Whereas, trees are a renewable resource giving us paper, wood for our homes, fuel for our fires and countless other wood products; and Whereas, trees in the City of Morgantown increase property values, enhance the economic vitality of business areas, and beautify our community; and Whereas, Saturday, October 1, 2022, the City of Morgantown will be celebrating Arbor Day and their 25 th year as a Tree City USA. Now, therefore, I, Jenny Selin, Mayor of the City of Morgantown, do hereby proclaim Saturday, October 1, 2022, as Arbor Day in the City of Morgantown, West Virginia, and urge all citizens to celebrate Arbor Day and to support efforts to protect and enhance our trees throughout the city; and Furthermore, I urge all citizens to plant trees to gladden the heart and promote the well-being of this and future generations. Seal: Ji ny Selin, Mayor September 20, 2022 9  Item 5C. �be <!Citp of fflorgantolun 430 Spruce Street Morgantown, West Virginia 26505 (304) 284-7439 www.morgantownwv.gov Office of the Mayor PROCLAMATION Whereas, International education is one process by which people of one country become familiar with people of another country, and share their values, traditions, and cultures; and Whereas, the achievement of the goal of cultural exchange requires the patience and heartfelt interests of everyone involved, the hosts and the guests in sharing their dreams, hopes and ideas; and Whereas, the study of foreign languages and different cultures provides an immediate bridge to international understanding and cooperation; and Whereas, the study of languages of different world regions fosters greater communication, understanding, and appreciation of people from diverse cultures; and Whereas, the West Virginia Council of Programs Board of Directors and volunteers based in Morgantown, West Virginia, continue to bridge the hundreds of miles that separate the people of the United States with many other countries and regions of the world; and Whereas, The West Virginia Council of Programs has continued to successfully advance their mission of development and intercultural experiences for professionals over the course of 50 years. Now therefore, I, Jenny Selin, Mayor of the City of Morgantown, West Virginia, on behalf of City Council, due herby proclaim the 21 st day of September 2022 as West Virginia Council of International Programs Day in the City of Morgantown and offer thanks and appreciation to those visiting CIP Professionals who came to our city, the local host families, the placement agencies, and the CIP's volunteer board of directors - for they truly are, the world's "cultural ambassadors" Seal: M ,my Selin, Mayor September 20, 2022 10  Item 11A. 2023 City Council Meetings COMMITTEE OF THE REGULAR WHOLE January 3, 2023 January 31, 2023 January 17, 2023 February 7, 2023 February 28, 2022 February 21, 2023 March 7, 2023 March 28, 2023 March 21, 2023 April 4, 2023 NONE - Municipal Election April 18, 2023 May 2, 2023 May 30, 2023 May 16, 2023 June 6, 2023 NONE June 20, 2023 July 5, 2023 July 25, 2023 July 19, 2023 l August 1, 2023 August 29, 2023 August 15, 2023 September 5, 2023 September 26, 2023 September 19, 2023 October 3, 2023 October 31, 2023 October 17, 2023 November 8, 2023 November 28, 2023 November 22, 2023 December 5, 2023 NONE December 19, 2023 11 Item 11B. 12  Item 11C. City of Morgantown Finance Department Annual Report of Policemen’s and Firemen’s Pension and Relief Funds for the Year Ended June 30, 2022 13  Item 11C. Police and Fire Annual Reports • Required by the WV Municipal Pensions Oversight Board • Requires certification that the fund ‘has made a report to the governing body of the municipality… on the condition of its fund with respect to the fiscal year’ • Once submitted, the City can request its share of the WV Surcharge Tax assessed on insurance from the State • 2022-2023 Police Share - $647,136 • 2022-2023 Fire Share - $587,680 14  Item 11C. Police and Fire Annual Reports • Majority of data is provided by Graystone Consulting, the investment advisor for the funds • Reports are divided into 3 parts • Part I – Asset Reconciliation from beginning of the year to the end of year (increases and decreases), summarized in the subsequent slides • Part II – Asset Allocation. Allocation % is governed by the MPOB • Part III – Membership and beneficiary counts 15  Item 11C. Policemen’s Pension and Relief Fund • Sources / Income / Gains Employee Contributions $427,164 City Contributions $1,233,680 State of WV (surcharge tax) $711,889 Interest & Dividends $545,082 Realized Gains $135,739 16  Item 11C. Policemen’s Pension and Relief Fund • Uses / Expenses / Losses Investment Expenses <$145,194> Retirement Benefits <$2,699,230> Refund of Contributions <$152,547> Administrative Expenses <$2,252> Loss on Change in Fair Market Value <$3,503,175> 17  Item 11C. Policemen’s Pension and Relief Fund • Fund Balance 07/01/21 Balance $19,707,129 Sources/Income/Gains $3,053,554 Uses/Expenses/Losses <$6,502,398> 06/30/22 Balance $16,258,285 Return on Investment -15.11% 18  Item 11C. Firemen’s Pension and Relief Fund • Sources / Income / Gains Employee Contributions $329,817 City Contributions $981,069 State of WV (surcharge tax) $629,777 Interest & Dividends $449,949 Realized Gains $114,725 19  Item 11C. Firemen’s Pension and Relief Fund • Uses / Expenses / Losses Investment Expenses <$121,550> Retirement Benefits <$2,206,195> Refund of Contributions <$62,810> Administrative Expenses <$2,851> Loss on Change in Fair Market Value <$2,931,678> 20  Item 11C. Firemen’s Pension and Relief Fund • Fund Balance 07/01/21 Balance $16,528,896 Sources/Income/Gains $2,505,337 Uses/Expenses/Losses <$5,325,084> 06/30/22 Balance $13,709,149 Return on Investment -15.14% 21  Item 11C. Police and Fire Annual Reports Volatility of the Market FY20 FY21 FY22 Police Pension Balance $16,395,710 $19,707,129 $16,258,285 Change in FMV <$496,375> $1,592,487 <$3,503,175> Fire Pension Balance $13,590,152 $16,528,896 $13,709,149 Change in FMV <$399,814> $1,339,378 <2,931,678> 22  Item 11C. Questions? 23  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) Pension Fund Morgantown Firemen's Pension & Relief Fund Treasurer Kevin Tennant, Finance Director Municipality City of Morgantown, West Virginia Fiscal Year (July 1 - June 30) July 1, 2021 - June 30, 2022 Actuarial Funding Method Standard Funding Method Optional Funding Method X Alternative Funding Method (107%) % Necessary to Maintain Plan Solvency for 15 Years PART I - Asset Reconciliation from Beginning of Fiscal Year to End of Fiscal Year Item Amount Beginning Fair Value of Pension Plan July 1 (cash value) $ 16,517,047.35 a. Prior year net receivable/payable $ 11,848.40 Beginning Fair Value of Pension Plan July 1 (accrued value) $ 16,528,895.75 I. Revenue During Fiscal Year 1. Employee Contributions a. For Employees hired prior to Jan. 1, 2010 Percent of Gross Salary 7.00% $ 96,638.75 b. For Employees hired on or after Jan. 1, 2010 Percent of Gross Salary 9.50% $ 218,973.36 c. Total Employee Contributions $ 315,612.11 2. Government Contributions a. From Parent Local Government Required employer contributions from your municipality $ 939,605.52 b. Overpayment Authorized by City Council Pursuant to §WV Code 8-22-27A(d) $ 41,463.00 c. Additional Employer Contributions From Your Municipality $ - d. From State Government Municipal Pensions Oversight Board (premium surcharges on fire and casualty insurance) $ 629,777.49 e. Total Government Contributions $ 1,610,846.01 3. Receivable Contributions a. Employee Contributions $ 14,204.82 b. Local Government Contributions $ - c. State Government Contributions $ - d. Other Contributions $ - e. Total Receivable Contributions $ 14,204.82 4. Earnings on Investments a. Net Appreciation/(Depreciation) of Fair Value of Investments $ (2,931,678.16) b. Net Realized Gain/(Loss) on Sale/Exchange $ 114,724.66 c. Interest and Dividends $ 449,949.55 d. Other Income $ - e. Investment Expenses (enter as negative) $ (121,550.08) f. Receivable Investment Income $ - g. Payable Investment Expenses (enter as negative) $ - h. Total Earnings on Investments $ (2,488,554.03) 5. All Other Revenues Please Specify $ - Total Revenues The sum of items I.1. through I.7. $ (547,891.09) 24  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) Item Amount II Expenditures During Fiscal Year Does not include Investment Expenses, see I.4.e. and I.4.g. on first page. 1. Benefits Paid Retirement, disability, survivor and any other benefits. $ 2,206,195.45 2. Withdrawals Amount paid to employees or former employees or their survivors, representing return of contributions made by employees during the period of their employment $ 62,809.59 3. Administration Expenses Administrative expenses and other costs or payments not representing benefit payments or withdrawals. a. Municipal Administration Municipal administration fees. $ 2,252.00 b. Other Administration Example: Pension Secretary expenses; Rent; etc. $ - c. Total Administration Expenses $ 2,252.00 4. Payables Monies payable after the end of the fiscal year a. Benefit Payments $ - b. Withdrawals $ - c. Administration Expenses $ 599.00 d. Total Payables $ 599.00 Total Expenditures The sum of items II.1. through II.4 $ 2,271,856.04 Net Income/(Loss) $ (2,819,747.13) Ending Fair Value of Pension Plan June 30 (cash value) $ 13,695,542.80 a. Net receivable/payable $ 13,605.82 Ending Fair Value of Pension Plan June 30 (accrued value) $ 13,709,148.62 25  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) PART II - Asset Allocation at End of Fiscal Year 1. Cash and Cash Equivalents - Short Term Percent of Total Assets 4.44% Financial Institution or Money Manager Type of Account Fair Value a. United Bank Checking $ 47,001.34 b. Treasury Bills $ - c. Morgan Stanely / Graystone Consulting Savings or Money Market Account $ 562,078.53 d. Short Term Investment Funds $ - e. Re-Purchase Agreements $ - f. Commercial Paper $ - g. CDs and Bankers' Acceptances $ - Fair Value Total Cash and Cash Equivalents The sum of items 1.a. through 1.g. $ 609,079.87 2. Fixed Income - Long Term Percent of Total Assets 29.22% Financial Institution or Money Manager Type of Account Fair Value a. Morgan Stanely / Graystone Consulting US Govt Agencies & Instruments $ 1,751,573.45 b. Foreign Govt, Subdivisions,Agencies or Enterprise $ - c. International agencies or supranational entities $ - d. Mortgage-related or others asset back securities $ - e. Morgan Stanely / Graystone Consulting Corporate Debt Securities $ 1,112,569.70 f. Corporate Inflation-index bonds $ - g. Bank CD's, fixed time deposits, Bankers Acceptance $ - h. State & Local Govt Debt Securities $ - i. Morgan Stanely / Graystone Consulting Mutual Funds (Bonds) $ 1,141,832.41 j. International Mutual Funds - Bonds $ - k. Exchange Traded Funds (ETF) - Bonds $ - l. International Exchange Traded Funds (ETF) - Bonds $ - Fair Value Total Fixed Income (at fair value) The sum of items 2.a. through 2.l. $ 4,005,975.56 3. Equity Investments Percent of Total Assets 55.53% Financial Institution or Money Manager Type of Account Fair Value a. Morgan Stanely / Graystone Consulting Individual Stocks Held $ 4,388,341.53 b. Mutual Fund Shares (Equities) $ - c. Exchange Traded Funds (ETF) $ - d. Morgan Stanely / Graystone Consulting International Stocks Held $ 2,699,908.28 e. Morgan Stanely / Graystone Consulting International Mutual Funds - Equities $ 524,281.08 f. International Exchange Traded Funds (ETF) $ - Fair Value Total Equity Investments (at fair value) The sum of items 3.a. through 3.f. $ 7,612,530.89 4. Alternative Investments Percent of Total Assets 10.71% Financial Institution or Money Manager Type of Account Fair Value a. Real Estate Investment Trust $ - b. Private Equity Fund $ - c. Hedge Funds $ - d. Morgan Stanely / Graystone Consulting Other Alternative Investments $ 1,467,956.48 Fair Value Total Alternative Investments (at fair value) The sum of items 4.a. through 4.d. $ 1,467,956.48 5. Receivables and Payables Percent of Total Assets 0.10% Type Fair Value a. Receivable Contributions $ 14,204.82 b. Receivable Investment Income $ - c. Payable Investment Expense $ - d. Payable Benefits, Withdrawals, and Admin Expenses $ (599.00) Fair Value Net Receivable/(Payable) The sum of items 5.a. through 5.d. $ 13,605.82 Total Assets Sum of 1. through 5. $ 13,709,148.62 6. Total return on investments for the period of July 1 thru June 30 (Obtain from financial institution or money manager) -15.14% 26  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) PART III - Membership and Beneficiaries * Please report the figures requested below, for the fiscal year reported on page 1. To figure the Average Monthly Number of Persons, add figures for each month and divide by 12. Please round to two decimal places. An employee must have been paid for 100 hours in any month to be included in that month. ** Please report the total number of disability applications received during the fiscal year, the status of each application at the end of the fiscal year, the total applications granted and denied, and the percentage of disability benefit recipents to the total number of active members of the fund. This requirement satisfies §8-22-23a(a) of the WV Code if the report is submitted to the Municipal Pensions Oversight Board prior to August 1st of each year. Item Avg. Monthly # I. Members of your Pension Fund Exclude Beneficiaries 1. Active Members Current number of employees contributing to the pension fund 58.33 2. Inactive Members Non-active vested members and employees on extended leave without pay II. Beneficiaries Receiving Periodic Benefit Payments During Fiscal Year 1. Retirees 61.12 2. Disability Retirees Includes the new applications approved during reporting period 0.13 a. Number of Disability Applications received during the fiscal year b. Status of each Disability Application at end of fiscal year - please attach separate sheet with details ( 1.) Disability Applications Approved during Fiscal Year ( 2.) Disability Applications Denied during Fiscal Year 3. Percentage of Disability Benefit Recipients to the Total of Active Members in the fund 0.22% 4. Survivors (of Deceased Members) Drawing Benefits 14.00 PART IV - Legal Thresholds for Investments (1) (2) (3) Maximum (Over) % % and $ Under Equity Investments 56% 75% 19% International Securities 24% 30% 6% Alternative Investments 11% 25% 14% Cash/Cash Equivalents and 25% -9% Fixed Income (Low 25%; High 75%) 34% 75% 41% Short Term Investment - (90 days of expenses) $ 567,964.01 $ (41,115.86) 27  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) Pension Fund Morgantown Policemen's Pension & Relief Fund Treasurer Kevin Tennant, Finance Director Municipality City of Morgantown, West Virginia Fiscal Year (July 1 - June 30) July 1, 2021 - June 30, 2022 Actuarial Funding Method Standard Funding Method Optional Funding Method X Alternative Funding Method (107%) % Necessary to Maintain Plan Solvency for 15 Years PART I - Asset Reconciliation from Beginning of Fiscal Year to End of Fiscal Year Item Amount Beginning Fair Value of Pension Plan July 1 (cash value) $ 19,690,626.58 a. Prior year net receivable/payable $ 16,502.69 Beginning Fair Value of Pension Plan July 1 (accrued value) $ 19,707,129.27 I. Revenue During Fiscal Year 1. Employee Contributions a. For Employees hired prior to Jan. 1, 2010 Percent of Gross Salary 9.50% $ 189,830.36 b. For Employees hired on or after Jan. 1, 2010 Percent of Gross Salary 9.50% $ 218,885.03 c. Total Employee Contributions $ 408,715.39 2. Government Contributions a. From Parent Local Government Required employer contributions from your municipality $ 1,157,409.37 b. Overpayment Authorized by City Council Pursuant to §WV Code 8-22-27A(d) $ 76,271.00 c. Additional Employer Contributions From Your Municipality $ - d. From State Government Municipal Pensions Oversight Board (premium surcharges on fire and casualty insurance) $ 711,889.36 e. Total Government Contributions $ 1,945,569.73 3. Receivable Contributions a. Employee Contributions $ 18,448.22 b. Local Government Contributions $ - c. State Government Contributions $ - d. Other Contributions $ - e. Total Receivable Contributions $ 18,448.22 4. Earnings on Investments a. Net Appreciation/(Depreciation) of Fair Value of Investments $ (3,503,175.05) b. Net Realized Gain/(Loss) on Sale/Exchange $ 135,739.27 c. Interest and Dividends $ 545,082.08 d. Other Income $ - e. Investment Expenses (enter as negative) $ (145,194.29) f. Receivable Investment Income $ - g. Payable Investment Expenses (enter as negative) $ - h. Total Earnings on Investments $ (2,967,547.99) 5. All Other Revenues Please Specify $ - Total Revenues The sum of items I.1. through I.7. $ (594,814.65) 28  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) Item Amount II Expenditures During Fiscal Year Does not include Investment Expenses, see I.4.e. and I.4.g. on first page. 1. Benefits Paid Retirement, disability, survivor and any other benefits. $ 2,699,230.39 2. Withdrawals Amount paid to employees or former employees or their survivors, representing return of contributions made by employees during the period of their employment $ 152,547.18 3. Administration Expenses Administrative expenses and other costs or payments not representing benefit payments or withdrawals. a. Municipal Administration Municipal administration fees. $ 2,252.00 b. Other Administration Example: Pension Secretary expenses; Rent; etc. $ - c. Total Administration Expenses $ 2,252.00 4. Payables Monies payable after the end of the fiscal year a. Benefit Payments $ - b. Withdrawals $ - c. Administration Expenses $ - d. Total Payables $ - Total Expenditures The sum of items II.1. through II.4 $ 2,854,029.57 Net Income/(Loss) $ (3,448,844.22) Ending Fair Value of Pension Plan June 30 (cash value) $ 16,239,836.83 a. Net receivable/payable $ 18,448.22 Ending Fair Value of Pension Plan June 30 (accrued value) $ 16,258,285.05 29  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) PART II - Asset Allocation at End of Fiscal Year 1. Cash and Cash Equivalents - Short Term Percent of Total Assets 4.35% Financial Institution or Money Manager Type of Account Fair Value a. United Bank Checking $ 28,027.63 b. Treasury Bills $ - c. Morgan Stanley / Graystone Consulting Savings or Money Market Account $ 679,830.30 d. Short Term Investment Funds $ - e. Re-Purchase Agreements $ - f. Commercial Paper $ - g. CDs and Bankers' Acceptances $ - Fair Value Total Cash and Cash Equivalents The sum of items 1.a. through 1.g. $ 707,857.93 2. Fixed Income - Long Term Percent of Total Assets 29.41% Financial Institution or Money Manager Type of Account Fair Value a. Morgan Stanley / Graystone Consulting US Govt Agencies & Instruments $ 2,062,786.34 b. Foreign Govt, Subdivisions,Agencies or Enterprise $ - c. International agencies or supranational entities $ - d. Mortgage-related or others asset back securities $ - e. Morgan Stanley / Graystone Consulting Corporate Debt Securities $ 1,330,870.13 f. Corporate Inflation-index bonds $ - g. Bank CD's, fixed time deposits, Bankers Acceptance $ - h. State & Local Govt Debt Securities $ - i. Morgan Stanley / Graystone Consulting Mutual Funds (Bonds) $ 1,388,071.25 j. International Mutual Funds - Bonds $ - k. Exchange Traded Funds (ETF) - Bonds $ - l. International Exchange Traded Funds (ETF) - Bonds $ - Fair Value Total Fixed Income (at fair value) The sum of items 2.a. through 2.l. $ 4,781,727.72 3. Equity Investments Percent of Total Assets 55.40% Financial Institution or Money Manager Type of Account Fair Value a. Morgan Stanley / Graystone Consulting Individual Stocks Held $ 5,177,034.32 b. Mutual Fund Shares (Equities) $ - c. Exchange Traded Funds (ETF) $ - d. Morgan Stanley / Graystone Consulting International Stocks Held $ 3,193,155.45 e. Morgan Stanley / Graystone Consulting International Mutual Funds - Equities $ 636,660.38 f. International Exchange Traded Funds (ETF) $ - Fair Value Total Equity Investments (at fair value) The sum of items 3.a. through 3.f. $ 9,006,850.15 4. Alternative Investments Percent of Total Assets 10.72% Financial Institution or Money Manager Type of Account Fair Value a. Real Estate Investment Trust $ - b. Private Equity Fund $ - c. Hedge Funds $ - d. Morgan Stanley / Graystone Consulting Other Alternative Investments $ 1,743,401.03 Fair Value Total Alternative Investments (at fair value) The sum of items 4.a. through 4.d. $ 1,743,401.03 5. Receivables and Payables Percent of Total Assets 0.11% Type Fair Value a. Receivable Contributions $ 18,448.22 b. Receivable Investment Income $ - c. Payable Investment Expense $ - d. Payable Benefits, Withdrawals, and Admin Expenses $ - Fair Value Net Receivable/(Payable) The sum of items 5.a. through 5.d. $ 18,448.22 Total Assets Sum of 1. through 5. $ 16,258,285.05 6. Total return on investments for the period of July 1 thru June 30 (Obtain from financial institution or money manager) -15.11% 30  Annual Report of Policemen's and Firemen's Pension and Relief Funds Item 11C. to the Municipal Pensions Oversight Board as required by WV Code §8-22-19(d)(1)(B) and §8-22-22a(a) PART III - Membership and Beneficiaries * Please report the figures requested below, for the fiscal year reported on page 1. To figure the Average Monthly Number of Persons, add figures for each month and divide by 12. Please round to two decimal places. An employee must have been paid for 100 hours in any month to be included in that month. ** Please report the total number of disability applications received during the fiscal year, the status of each application at the end of the fiscal year, the total applications granted and denied, and the percentage of disability benefit recipents to the total number of active members of the fund. This requirement satisfies §8-22-23a(a) of the WV Code if the report is submitted to the Municipal Pensions Oversight Board prior to August 1st of each year. Item Avg. Monthly # I. Members of your Pension Fund Exclude Beneficiaries 1. Active Members Current number of employees contributing to the pension fund 63.42 2. Inactive Members Non-active vested members and employees on extended leave without pay II. Beneficiaries Receiving Periodic Benefit Payments During Fiscal Year 1. Retirees 61.92 2. Disability Retirees Includes the new applications approved during reporting period 8.00 a. Number of Disability Applications received during the fiscal year b. Status of each Disability Application at end of fiscal year - please attach separate sheet with details ( 1.) Disability Applications Approved during Fiscal Year ( 2.) Disability Applications Denied during Fiscal Year 3. Percentage of Disability Benefit Recipients to the Total of Active Members in the fund 12.61% 4. Survivors (of Deceased Members) Drawing Benefits 12.25 PART IV - Legal Thresholds for Investments (1) (2) (3) Maximum (Over) % % and $ Under Equity Investments 55% 75% 20% International Securities 24% 30% 6% Alternative Investments 11% 25% 14% Cash/Cash Equivalents and 25% -9% Fixed Income (Low 25%; High 75%) 34% 75% 41% Short Term Investment - (90 days of expenses) $ 713,507.39 $ 5,649.46 31  Item 11D. S R. B 25 C P M , 26501 P : 304-554-9075 E : @ . S 13, 2022 H M M C , B : B C C C 7.05 ( ): "(c) Repo . On o befo e Sep embe 30 h of each e en-n mbe ed ea , he Commi ion hall file i h he Ci Cle k a epo con aining a ecommended plan and a map fo adj men of a d bo nda ie , o ecommending ha no adj men be made, all in acco dance i h he pecifica ion e fo h in b ec ion (d). R : C , , . J : C 2023 M E . C 2020 C . 2020 M C C 2020 S C . C C GIS A . F P : C GIS A C A C S C 2024. R , S R. B Chai , Mo gan o n Wa d and Bo nda ie Commi ion 32  Item 11D. M a C 2020 V e Re a a d 2020 Dece a P a be b Wa d: Wa d Ideal V e Diffe e ce De ia i Dece ial Ideal Diffe e c V e C F m Ideal P la i P la i ef m De ia i Ideal First 2658 2705 -47 -1.74% 3192 4441 -1249 -28.12% Ward Second 2726 2705 21 0.78% 4271 4441 -170 -3.83% Ward Third 2563 2705 -142 -5.25% 5588 4441 1147 25.83% Ward Fourth 2551 2705 -154 -5.69% 4718 4441 277 6.24% Ward Fifth 2853 2705 148 5.47% 5416 4441 975 21.95% Ward Sixth 2959 2705 254 9.39% 3416 4441 -1025 -23.08% Ward Seventh 2620 2705 -85 -3.14% 4482 4441 41 0.92% Ward A I : :// . . / /1 6478 9 23 4 59 975 69 1 9609 / 33