HomeMy WebLinkAboutFire Relief St. Joseph
Volunteer Fire Department
$T. JOSEPH ST. JOSEPH, MINNESOTA 56374
FIRE DEPT.
EDYUilOM11 CEMi7!01 CfMT�1l M1MM[SOT1
The following calculation is based on information from the 2019 audited financial statements.
St.loseph
2019 Net Asset-year end $ 940,949
2019 Pensian Uability 793,070 CuRent members-$722,694,Deferred-$70,376
2019 Surplus $ 147,879
Pension Amount $ 2,100 As currently approved
Yrs in Liability 345 Per current membe�s
Pension Amount $ 2�4QU Requested increase of$300/year
Pension liability 898,376 345 year X$2,4U0 per year+deferred-$7�,376.00
Surplus $ 42,573
��' � 8X 00750 • ST JOSEPH • PACE Mutti Advisor
Risk profiie: Moderate Risk/Moderate
. . Return Objective: Current Income and Capital Appreciation
Portf ollo rev�.ew
December 31 , 2019
Sourtes of portfoiio value Portfolio vaiue and investment results
$Thousands
1100 QTD YTD 3 Years iTD
09/30/2Qi9to 12/3i2018to 12/31/2Q16to 042b20i6to
1000 72l312019 12/312019 17_/372019 72/372019
Opening value 849,941,90 772,317.65 744,346.79 724,514.41
900 Net deposftslvvithclrawals 52,139.63 50,408.77 50,524 40 36,858.51
Investmentretum 38,8i7.47 178,222.59 14b,077.81 ]83,575.98
800 Ctosing value 940,949.00 940,949.00 940,949.00 940,949.00
_ _,. .�.____�. ..__..__�.._______�_.....,..�...._.�.._..._r.�.__--.�...,.._..._.�___._.._._,_..__...._.__._._..._„_.___.�.__.._
--�Y. Investment retum is the sum of dividends and interest income,change in accrued interest,change
700 ---•--..___ _. ._..__._...___ .... _. _.
� �� in value and fees.
6d0
04/16 12/17 72/18 17I14
— Market Value - �- Net amount you invesEed(net of fees)
Time weighted rates of return (net of #ees) Expected cash ftow
$Thousands
Performance returns(annuahzed>1 year) 7
- - - 6
QTD YTD 3 Years ITD 4
0 4/3 02 0 1 9 to 12l312018 to 12�312016 to 04262016 to 3
12/312019 12/31/2019 12J31/2Q 19 12/31/2Q 19
Your portfoiio(%) 4.32 15.02 5.99 6.31 Z
Blended Index 4 65 17.07 8.76 7.79 �
lJ5 7reasury 8'r�l-3 Mos 0.44 2.2 i ?.61 1.3& 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2020
� Tazable income
Totai taxable intome:$21,829.84
Totai ezpeQed wsh How;521.829.84 n
Cash flows displayed account for known events wch as maturities and mandatory puts. ,�
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8lended Index:l0/16/2018-Current 38 59°k BC Glb�Agg 50%/MSCI 50%;5 62%Bardays Global Agg;16.43°k Russell 1000 Growth,3.7%Bardays US Agg 1-3Y,+
+Additional benchmark information can be found on the benchmark composicion page.
For Advisory eaounts,oniy Advisory assets are iacluded.Past performance dces not guarantee future resufts and a�rrent performance may be lower/higher than past data presented. "- ���
Report created on:lanuary 19,2Q20 ZZ�� Page 5 of 15 �
Form SC-19 Saint Joseph Fire Relief Association
OFFICE OF THE STATE AUDITOR
Active Member lnformation
Enter Annual Benefit Level in effect for 2019: $2,100
(If you change your benefit level before 12/31/2019,the SC must be recalculated and recertified at the new level.)
2019 2020
Total Active Member LiabiliNes 722,694 785,190
Leaves of To end of 2019 To end of 2020
Absence
Fire Department and Breaks Return to
Date of Entry in Service years Years
Birth Date Service Member of Acccued of Accrued
Nama SY3tUS (months) ? Service L�abdity Service Liability
1 Marthaler,James Active 9/14/1954 ]0/l]/197� 0 42 88,200 43 90,300
2 Torborg,Randy Active 1/3/1964 1/10/1989 0 31 65,100 32 67,200
3 Honer,7ustm Active 7/27/1973 I1/5/1996 0 23 48,300 24 50,400
4 Taufen,Jeff Act�ve 3/10/1973 ll/5/1996 0 23 48,300 24 50,400
5 Krekelber ,Kurt Active 10/9/1967 5/11/1999 0 21 44,100 22 46,200
6 Philli ,Paut Actrve 10/13/1978 5/11/1999 0 21 44,100 22 46,200
7 Simon,Kerth Active 2/3/1978 8/8/2000 0 19 38,724 20 42,000
S Loso,Andrew Active 6/22/1979 4/9I20Q2 0 18 35,658 19 38,724
9 Brill,Sh�rhe Achve 9/13/1971 5/1/2004 0 16 29,988 17 32,760
10 Jacobson,Ken Active 3/8/1968 5/1/2004 0 16 29,988 17 32,'760
11 Prom,7ohn Active 3/11/197� 5/1/2004 0 16 29,988 17 32,760
12 Muyres,Dan Active 8/5/1981 7/12/2005 0 14 24,864 15 27,384
13 Salzer,Davtd Active 9/3/1981 �/12/2005 0 14 24,864 15 27,384
14 Schloemer,Josh Act�ve 10/13/1986 10/11/2005 0 14 24,864 15 27,384
15 Louwagie,Kerth Active 5/5/1975 1/13/2009 0 I I 18,018 12 20,202
16 Arms,Brian Active 9!4/1980 7/13/2010 0 9 13,986 10 15,960
17 Young,Sharon Active 8/17/1968 6/14/2011 0 9 13,986 10 15,960
18 Folkerts,Mike Active 7/29/1981 2/14/2012 0 8 12,096 9 13,986
l9 MoLtor,Co Active 12/18/1984 2/14/2012 0 8 12,096 9 13,986
20 Schmidt,Ron Acnve 4/10/1971 2/14/2012 0 8 12,096 9 13,986
21 B e,7oe Active 5/17/1981 6/11/2013 0 7 10,332 8 12,096
22 The�sen,Bnan Active 6/11/1978 6/11/2013 0 7 10,332 8 12,096
23 Kremer,Andrew Act�ve 3/12/1987 6/ll2014 0 6 8,610 7 10,332
24 Joe Orcutt Active (0/18/1988 6/6/2014 0 6 8,610 7 10,332
25 Dan Vmgt Active 4/13/1984 7/14/2015 0 4 5,460 5 �,014
26 Justm Hunt Active 2/4/1989 7/14/2015 0 4 5,460 5 7,014
27 Matt Kritztk Active 10/9/1984 2/2�/2017 0 3 3,990 4 5,460
28 Nick Curtts Active 3/25II985 2/27/2017 0 3 3,990 4 5,460
29 Rob L on Active 12/ll/1976 2/27/2017 0 3 3,990 4 5,460
30 Blake Schwe el Active 10/24/1984 1/9/2018 0 2 2,604 3 3,990
31 Choose Status 0 0
32 Choose Status 0 0
33 Choose Status 0 0
34 Choose Status 0 0
35 Choose StaTus 0 0
36 Choose Status 0 0
Form SC-19 Saint Joseph Fire Relief Association
OFFICE OF THE STATE AUDITOR
Deferred Member Information
(fully or partially vested)
Total Deferred Member Liabilities 2019 70,376
Total Deferred Member Liabilities 2020 73,895
1 Enter all information as it pertains to this member.
Benefit Level Months of
Member Name: Loso,Frank at Separation: 1,500 Service Are Paid
Minimum Years Required to Vest: 10 DOB: 3/27/1959 Deferred Interest Paid
Service Dates: Entry: 1/10/1978 Separation: 8/11/1999 (setecc^Yes°,t'ott'ered.) yes
LOAs and BIS(in months): 0 Vesting%: 100
Return to Service Member? (Select"Yes"ifapplicable) If Interest is Paid, Choose Type:
Total Service: Years: 21 Months(if paid): Relief ROR up to 5%
2019 Estimated Liability: 59,396 Period Interest is Paid:
2020 Estimated Liability: 62,366 Status: Deferred Full Calendar Years
For Relief ROR up to 5%,OSA ROR up to 5%or Board Set ROR up to 5%enter interest rates below.
1988: % 1993: % 199$: % 2003: s oo % 2008: o.00 % 2014: s.00 °/a
1989: % 1994: % 1999: % 2004: s oo% 2009: s oo% 2015: o 00%
1990: % 1995: % 2000: o.00 % 2005: s oo% 2010: s oo% 2016: s.00%
1991: % 1996: % 2001: o.00 % 2006: s.00 % 2011: o.00 % 2017: s oo %
1992: % 1997: % 2002: o.00% 2007: s.00 % 2012: s.00% 2018: o 00%
+Rate of return is calculated usin the earnin s ro'ected on Pa e 4 of this form. 2013: s.00 % 2019: s.00 %+
2 Enter ail information as it pertains to this member.
Benefit Level Months of
Member Name: Amanda Cherne at Separation: 1,800 Service Are Paid Yes
Minimum Years Required to Vest: 10 DOB: 4/4/1984 Deferred Interest Paid
Service Dates: Entry: 5/1/2004 Separation: 7l10/2014 (se�ecc^Yes^ifoffered.} yes
LOAs and BTS(in months): 0 Vesting%: 60
Return to Service Member? (select"Yes"if applicable.) If Interest is Paid,Choose Type:
Total Service: Years: 10 Months(if paid): 2 Board set ROR up to 5%
2019 Estimated Liability: 10,980 Period Interest is Paid:
2020 Estimated Liability: 11,529 Status: Deferred Full Calendar Months
For Relief ROR up to 5%,OSA ROR up to 5%or Board Set ROR up to 5%enter interest rates below.
1988: % 1993: % 1998: % 2003: % 2008: % 2014: %
1989: % 1994: % 1999: % 2004: % 2009: % 2015: o 00%
1990: % 1995: % 2000: % 2005: % 2010: % 2016: o.00%
1991: % 1996: % 2001: % 2006: % 2011: % 2017: o00 %
1992: % 1997: % 2002: % 2007: % 2012: % 2018: o00%
+Rate of return is calculated usin the earnin s ro'ected on Pa e 4 of this form. 2013: % 2019: o 00%+
Form SC-19 Saint Joseph Fire Relief Association
OFFICE OF THE STATE AUDITOR
Active Member Information
Enter Annual Benefit Level in effect for 2019: $2,400
(If you change your benefit level before 12/3]/2019,the SC must be recalculated and recertified at the new level.)
2019 2020
Total Active Member Liabilities 825,936 897,360
Leaves o£ To end of 2019 To end of 2020
Absence
Fire Deperhnent and Breaks Retum to
Date of Entry in Service years Years
Birth Date Service Member of Accrued of Accrued
Name St8tU5 (momhs) � Sernce Liability Service Liabiltty
1 Marthaler,7ames Acttve 9/14/1954 10/11/1977 0 42 100,800 43 103,200
2 Torbor ,Randy Active I!3/1964 1/10/1989 0 31 74,400 32 76,800
3 Honer,Justin Active 7/27/1973 11/5/1996 0 23 55,200 24 57,600
4 Taufen,Jeff Active 3/10/1973 11/5/1996 0 23 55,200 24 57,600
5 Krekelber ,Kurt Acnve 10/9/1967 5/11/1999 0 21 50,400 22 52,800
6 Phillip,Paul Active 10/l3/1978 5/11/1999 0 2l 50,400 22 52,800
7 Simon,Keith Active 2/3/1978 8/8/2000 0 19 44,256 20 48,000
8 Loso,Andrew Active 6/22/1979 4/9/2002 0 18 40,752 19 44,256
9 Brill,Shirlie Active 9/13/1971 5/1/2004 0 16 34,272 17 37,440
10 lacobson,Ken Active 3/8/1968 5/1/2004 0 16 34,272 17 37,440
ll Prom,7ohn Active 3/11/1977 5/1/2004 0 16 34,272 l7 37,440
12 Muyres,Dan Active 8/5/1981 7/12/2005 0 14 28,416 IS 31,296
13 Salzer,David Active 9/3/1981 7/12/2005 0 14 28,416 15 31,296
14 Schloemer,Josh Actrve ]0/13/1986 10/11/2005 0 14 28,416 15 31,296
15 Louwagie,Keith Active 5/5/19�5 1/13/2009 0 11 2Q592 12 23,088
16 Arms,Brian Active 9(4/1980 7/13/2010 0 9 15,984 10 18,240
17 Young,Sharon Active 8/17/1968 6/14/2011 0 9 15,984 10 18,240
18 Folkerts,Mike Actrve 7/29/1981 2/14/2012 0 8 13,824 9 15,984
19 Molrtor,Cory Active 12/18/1984 2/14/2012 0 8 13,824 9 15,984
20 Schmidt,Ron Active 4/10/197I 2/14/2012 0 8 23,824 9 15,984
ZI Bye,7oe Active 5/17/1982 6/11/2013 0 7 11,808 8 13,824
22 Theisen,Brian Acttve 6/ll/1978 6/]1/2013 0 7 11,808 8 13,824
23 Kremer,Andrew Act�ve 3/12/1987 6/1/2014 0 6 9,840 7 ll,808
24 Joe Orcutt Actrve 10/18/1988 6/6/2014 0 6 9,840 7 11,808
25 Dan Voi Active 4/13/1984 7/14/2015 0 4 6,240 5 8,016
26 Justin Hunt Active 2/4/1989 7/14/2015 0 4 6,240 5 8,016
27 Matt Kntzik Actrve 10/9/1984 2/27/201'7 0 3 4,560 4 6,240
28 Nick Curtis Actrve 3/25/1985 2/27/2017 0 3 4,560 4 6,240
29 Rob L on Active 12/I 1/1476 2/27/2017 0 3 4,560 4 b,240
30 Blake Schwegel Active 10/24/1984 1/9/2018 0 2 2,976 3 4,560
31 Choose Status 0 0
32 Choose Status 0 0
33 Choose Status 0 0
34 Choose Status 0 0
35 Choose Status 0 0
36 Choose Status 0 0
St. Joseph
Yolunteer Fir�e Department
ST, JOSEPH ST. JOSEPH, MINNESOTA 56374
FIRE DEPT.
EDUUTIOM�I CENTI�01 C[Nitll MINMLSOT�
Funding Ratio
16090
140%
120%
100%
80�
60% ■ Funding Ratio
40%
20%
096
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Information obtained from the 2017 State of Minnesota O�ce of the State Auditor: Financial and
Investment Report of Votunteer Fire Relive Association.,the most recent information available from the
state.
St. Joseph
Volunteer Fire Depa�tjnent
ST, JOSEPH ST. JOSEPH, MINNESOTA 56374
�IRE DEPT.
fOYC�T10MAl CENT[f Ot C[MT[tl MIMM[SOiA
Net Accrued Funding
Town Pension$ Assets Liability Ratio
Albany 2,100 720,237 541,434 133
Avon 2,000 662,749 597,820 111
Cold Spring 2,050 900,737 697,601 129
Foley 3,70Q 896,855 766,442 117
Litchfield 2,200 748,369 736,944 102
Paynesvitle 2,000 772,501 672,210 115
Rice 1,300 456,422 367,159 124
Richmond 1,450 600,190 436,602 137
Rockville 2,120 490,148 541,861 90
Sauk Centre 2,000 787,143 726,540 108
Sartell 3,442 977,028 862,839 113
Sauk Rapids 4,500 2,425,878 2,074,670 117
St.Joseph 2,000 785,526 637,674 123
St.Stephen 1,800 698,323 763,455 91