Volunteer Firefighter Relief Fund Committee

To: Members of the Volunteer Firefighter Relief Fund Committee From: Richard Benoit, Chairman of the Volunteer Firefighters’ Relief Fund Subject: Regular Meeting #136 Meeting Date: Tuesday, February 16, 2016 Meeting Time: 5:00 p.m. Meeting Location: Room 209, City Hall Agenda Items: 1. Call to Order 2. Tabled from 10/19/15 Meeting: Election of officers for 2016. 3. Review of December 31, 2015 investment results by Art Meizner from Hooker & Holcombe Investment Advisors (to be distributed) 4. Consideration of recommendations by Art Meizner for changes in investment portfolio. 5. Review of minutes from the Special Meeting on October 19, 2015 (available on the website) 6. Treasurer’s report for the quarter ended December 31, 2015 (attached) 7. Refund requests 8. Approval of bills a. $1,850 Hooker & Holcombe actuary fees for the GASB 67/68 reporting for the annual audit b. $379.21 advertising cost for the VFFRF Plan revision ordinance 9. New members a. EGP – Ellen Guile b. Yantic – Ryan Mocek c. Yantic – William Murray d. Yantic – Richard Spence 10. New applications for benefits a. Yantic: Joseph Murray – January 2016. 20 Years of Service. $440 monthly payment. 11. Adjournment Please notify Richard Benoit (860) 886-1774 or Brigid Marks (860) 823-3786 if you are unable to attend the meeting. City of Norwich Volunteer Firefighters' Relief Fund Treasurer's Report For The Quarter Ended 12/31/2015 X:\Finance\Finance Public\Pension & OPEB Information\Volunteer Firefighter Relief Fund Info\2016-01-01 Valuation\[Calendar 2014 and 2015 investments.xlsx]4Q2015 Hooker & Checking Holcombe Total Beginning Balance 262,903.83 2,083,131.38 2,346,035.21 Receipts: Annual City Appropriation - - - East Great Plain - - - Laurel Hill 264.00 - 264.00 Occum - - - Taftville - - - Yantic - - - Interest Income 65.63 - 65.63 Realized Gains/(Losses) - 1,248.30 1,248.30 Unrealized Gains/(Losses) - (58,991.43) (58,991.43) Dividends - 98,878.51 98,878.51 - Total Receipts 329.63 41,135.38 41,465.01 Transfers Between Accounts (28,000.00) 28,000.00 - Disbursements: Refunds 1,544.60 - 1,544.60 Pensions Paid 73,294.00 - 73,294.00 Actuary Fees 1,850.00 - 1,850.00 Postage/ Other 379.21 - 379.21 Investment Fees - 2,254.69 2,254.69 Total Disbursements 77,067.81 2,254.69 79,322.50 Ending Balance 158,165.65 2,150,012.07 2,308,177.72 Note: The "Postage/Other" is the advertising cost for the VFFRF Plan revision ordinance The refunds were for Paul Tardif, Jr. and David Houseman, Jr. Actuary fees were for the GASB 67/68 reporting for the annual audit