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 #138 Meeting Date: Tuesday, February 21, 2017 Meeting Time: 5:00 p.m. Meeting Location: Room 209, City Hall Agenda Items: 1. Call to order 2. Roll call 3. Determination of quorum 4. Reports a. Review of December 31, 2016 investment results by Art Meizner from Hooker & Holcombe Investment Advisors (to be distributed) b. Treasurer’s report for the quarter ended December 31, 2016 (attached) 5. Approval of minutes of preceding meeting a. Review of minutes from the Regular Meeting on November 21, 2016 (available on the website) 6. Communications 7. Unfinished business 8. New business a. Consideration of recommendations by Art Meizner for changes in investment portfolio, if any. b. Approval of bills c. New members i. Laurel Hill: Sarah Robert – paperwork received ii. Yantic: Christopher Colonair, Kaitlin O’Connell – need paperwork d. New applications for benefits i. Occum: Robert Riley – July 2017. 34 Years of Service (35 years if Riley purchases 2016 service). $748 monthly payment ($770 if Riley purchases 2016 service). e. Refunds i. East Great Plain: James E. Fear, Sr. – 8 years of credited service (2009 – 2016). Refunding $1,836 contributions plus $192.43 interest 9. 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 12/31/2016 X:\Finance\Finance Public\Accounting\Audit & Fiscal YE files\YE 2017\G. Investments\[G-3 2017 VFFRF cash & investments.xlsx]2Q Hooker & Checking Holcombe Total Beginning Balance 271,402.26 2,343,687.45 2,615,089.71 Receipts: Annual City Appropriation - - - East Great Plain - - - Laurel Hill - - - Occum - - - Taftville - - - Yantic - - - Interest Income 212.06 - 212.06 Realized Gains/(Losses) - 6,278.22 6,278.22 Unrealized Gains/(Losses) - (50,621.91) (50,621.91) Dividends - 63,359.04 63,359.04 - Total Receipts 212.06 19,015.35 19,227.41 Transfers Between Accounts (12,000.00) 12,000.00 - Disbursements: Refunds - - - Pensions Paid 87,045.00 - 87,045.00 Actuary Fees 2,000.00 - 2,000.00 Postage/ Other - - - Investment Fees - 5,358.24 5,358.24 Total Disbursements 89,045.00 5,358.24 94,403.24 Ending Balance 170,569.32 2,369,344.56 2,539,913.88 Note: October pension run included retro payment to Paul Labrecque Actuary fees were for GASB 67/68 reporting