2017.04.11 WS Minutes - Laserfiche WebLink

Home Browse Search

%JjIN w BRIGHTON the city that works for you Council Worksession April 11, 2017 5:00 pm Present: Mayor Valerie Johnson Councilmember Gina Bauman Councilmember Brian Strub Councilmember Paul Jacobsen Councilmember Mary Burg Absent: Staff in Attendance: Dean Lotter, Tony Paetznick Guests in Attendance: Becky Moulder, Brian Schmidt Fire Relief Association Paetznick stated Becky Moulder was present to deliver a presentation on the 2016 Fire Relief Audit. Becky Moulder provided the Council with a handout and gave a presentation on the 2016 Fire Relief Audit. She explained the Fire Relief received a clean or unmodified opinion on each of the four reports. The level and activity of the pension fund was reviewed in detail. She then asked for questions or comments from the City Council. There were no questions at this time. Paetznick reported Brian Schmidt was present to review the Fire Relief Annual Report with the Council. Brian Schmidt reviewed the Fire Relief 2016 Annual Report with the Council and commented on the financial performance of the fund. He noted the Fire Relief Association currently had 37 members and seven members which are deferred. He listed the individuals serving on the Board. He discussed the history of the Fire Relief Association and commented on the retirements that occurred in the last year. Due to the positive performance and healthy fund balance he requested the Council consider an increase of $200 bringing the yearly benefit to $6,700. He asked the Council for comments or questions. Councilmember Jacobsen asked how the fund balance would be impacted if the increase were approved. Paetznick discussed the fund projections and noted the fund would not go below 100% if the increase were approved. Mayor Johnson questioned how deferred payments were handled if an individual were to pass away. Paetznick stated the payments would then be made to the survivor. Councilmember Burg inquired if the annual payment was increased by $200 if a contribution would be required from the City Council. Mr. Schmidt reported the increased funding amount could be achieved without requiring a municipal contribution. Mayor Johnson encouraged the Fire Relief to consider creating a slide for their presentation on the trending growth of the fund for the Council meeting.