The Fire Pension Board met on September 8, 2026, at 11:03 AM in Conference Room 503 of City Hall. The meeting was called to order by City Clerk Dan Vessels with a quorum consisting of Finance Director Barbara Lopez and Member Gary Turner. The board approved the agenda, the June 9, 2026 minutes with a correction, and reviewed financial updates and actuarial reports.
The time is 11 03 a.m. on Tuesday, September 8th. Uh City Clerk Dan Vessels is calling the fire pension board meeting to order. I'll note for the record that we do have a quorum with uh finance director, Barbara Lopez and Member Gary Turner. So do I have a motion to approve the agenda? So moved. Second. All is in favor. Aye. Uh consideration of minutes from the June 9th meeting. And I would like to have one correction. I would like it noted. If the mayor did not attend, we will make an adjustment. Is there a motion to a move to approve the agenda with the noted correction from member Turner? Move approval. I'll second. I'll vote in favor. I this might be curved. I just heard the elevator. I did too. Yeah. Could be. Give it a second. It could it could be uh Kurt could be the individual that was looking yeah. Um we've got security cameras, they don't see him anymore, but they don't know if he's in the elevator zone. I don't hear anything, so maybe that was somebody's all right. Um moving on to item four A, the financial updates. Barbara? Thank you. Um the financial updates pretty much the same. It's on page three of the packet. Um we did receive our fire insurance premium tax, which was just over 102,000 this year. So that's been steadily climbing. It's an indication that in fire insurance premiums have just been going up and up and up, but it does provide um a good chunk of the funding necessary for this fund. Um interest income is still coming in pretty decently. We do expect you know our pension payments to be right around 200,000 for the year. And then there is the professional service other costs of 11,500. That is the actuary cost of the actuarial report that we will be getting to here shortly. Um fund is doing well. Um we've still got significant funding moving towards the future. And as always, the city's responsible for paying these pensions regardless of the balance that's in that fund. What is the price of the after study? It is the 11th 500. Yeah, it is that's required every two years. It is required every two years by accounting standards. Um, so yeah, we have to pay for that every two years. And again, the city would always be kicking in the money for that to cover that particular piece of it. If you've got any other questions, I'm happy to answer them. I don't I will move to approve the financial reports. I second the motion.