City of Providence

Agenda Item
25016

Loans Against Member Retirement Contributions:

Information

Department:City CouncilSponsors:
Category:Basic Item

Item Discussion

Loans Against Member Retirement Contributions 

 

 

City of Providence

Retirement Loan Portfolio - E.R.S. Monthly Loan Summary

May 2019

 

 

 

 

 

 

 

 

 

 

 

Begin Balance

 

Loans Issued

 

Principal Issued

 

Principal Paid

 

End Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City Sub-totals:

$17,341,960.02

 

40

 

$145,151.00

 

-$480,732.68

 

$17,006,378.34

School Sub-totals:

$  8,836,465.83

 

            47

 

     $  98,641.00

 

- $116,183.06

 

$  8,818,923.77

 

 

 

 

TOTAL:

$26,178,425.85

 

            87

 

$243,792.00

 

-$596,915.74

 

$25,825,302.11

 

 

Meeting History

Jun 19, 2019 10:30 AM Audio/Video Retirement Board Regular Meeting
draft Draft
RESULT:ACCEPTED [UNANIMOUS]
MOVER:James J. Lombardi, City Treasurer
SECONDER:Carl H. Richards, Board Member
AYES:Lawrence J. Mancini, James J. Lombardi, Joseph Callei, April Chase-Lubitz, Joseph Colannino, Thomas D'Amico, Betty Jackson, David L'Europa, Carl H. Richards, Toby Shepherd
ABSENT:Raymond A. Hull, John J. Igliozzi, Jenna Karlin