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The Kentucky Association of Counties Leasing Trust held a Board of Trustees meeting at 2:30 p.m. on Wednesday, May 28, 2025. This meeting was held via video teleconference pursuant to proper notice given in accordance with KRS 61.826 and KRS 65.312(3).
The following Trustees participated via video teleconference: Vice-chair Gary Moore, Boone County Judge/Executive; Bill Bartleman, McCracken County Commissioner; and Tabatha Clemons, Grant County Clerk.
Others participating via video teleconference included: Jim Henderson, Executive Director/CEO; Tim Sturgill, General Counsel; Lonnie Campbell, Assistant Director of Financing Services; Kelly Mittler, Financing Officer; B. J. White, Accounts Receivable Officer; Rich Ornstein, Staff Attorney; Marie Skinner, Accounting Manager; Alyssa Rogers, Staff Accountant; R. J. Palmer and Keith Brock, Senior Vice Presidents, Compass Municipal Advisors, LLC; Mark Franklin, Board Counsel, Dinsmore & Shohl, LLP; Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Director of Strategic Operations; Sydney Blodgett, Member Engagement Manager; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Vice-chair Moore called the meeting to order at 2:35 p.m.
Motion made by Bill Bartleman, seconded by Tabatha Clemons, to approve the minutes of the April 23, 2025, meeting as presented. Motion carried.
Mr. Sturgill presented and discussed the following financial reports: consolidated statement of financial position as of April 30, 2025; cash transactions for April 2025; and the FY 2024/25 PAF budget for the period July 1, 2024 through April 30, 2025.
Mr. Sturgill presented and discussed the investment report for the month of April 2025. There were no security transactions for the month of April. The board received a full listing of the Fund's investments electronically.
Motion made by Tabatha Clemons, seconded by Bill Bartleman, to acknowledge receipt of the financial and investment reports as presented. Motion carried.
Mr. Campbell and Ms. White presented and discussed the lease activity for the month of May 2025.
The next meeting is June 25, at 2:30 p.m.
Motion made by Tabatha Clemons, seconded by Bill Bartleman, to adjourn the meeting at 2:46 p.m. Motion carried.
