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The Kentucky Association of Counties Leasing Trust held a Board of Trustees meeting at 9:30 a.m. on Thursday, March 30, 2023. This meeting was held at the KACo offices located at 400 Englewood Drive in Frankfort, Ky. and via video teleconference, in accordance with proper notice given in accordance with KRS 61.826 and KRS 65.312(3).
The roll was called. The following Trustees participated in person: Chair Amy Milliken, Warren Co. Attorney; Vice-Chair Gary Moore, Boone Co. Judge/Executive (via video teleconference); Bill Bartleman, McCracken Co. Commissioner; Tabatha Clemons, Grant Co. Clerk; and Matt Wireman, Magoffin Co. Judge/Executive.
Others participating in person included: Jim Henderson, Executive Director/CEO; Temple Juett, Director of Insurance and Business; Grant Satterly, Director of Financing Services; Tim Sturgill, General Counsel; Karen Basham, Chief Financial Officer; Kelly Mittler, Leasing Officer; Lonnie Campbell, Assistant Director of Financing Services; B. J. White, Accounts Receivable Officer; Rich Ornstein, Staff Attorney; Marie Skinner, Accounting Manager; Roger Peterman, Board Counsel (via video teleconference); Elizabeth Younger (via video teleconference) and Wil Schroder (via video teleconference), Dinsmore & Shohl, LLP; R. J. Palmer, Senior Vice President, Compass Municipal Advisors, LLC; Alyssa Rogers, Staff Accountant; Jesse Penn, Computer Support Specialist; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Chair Milliken called the meeting to order at 9:30 a.m.
Motion made by Bill Bartleman, seconded by Tabatha Clemons, to approve the minutes of the February 23, 2023 meeting as presented. Motion carried.
Ms. Basham presented and discussed the following financial reports: consolidated financial statement as of February 28, 2023, cash transactions for February 2023, and FY 2022/23 PAF budget for period July 1, 2022 - February 28, 2023.
Motion made by Matt Wireman, seconded by Gary Moore, to acknowledge receipt of the financial reports as presented. Motion carried.
Mr. Satterly presented and discussed the investment report for month ended February 28, 2023. He also discussed the current banking and economic crisis.
Motion made by Bill Bartleman, seconded by Tabatha Clemons, to acknowledge receipt of the investment report and to ratify the investment transactions as presented. Motion carried.
Mr. Satterly presented and discussed the lease activity report for FY 2022/23.
The next regularly scheduled board meeting will be April 20 at 11 a.m.
Motion made by Tabatha Clemons, seconded by Bill Bartleman, to adjourn the meeting at 10:06 a.m. Motion carried.
