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The Kentucky Association of Counties Unemployment Compensation Self-Insurance Fund held a Board of Directors meeting at 9 a.m. on Wednesday, June 25, 2025. This meeting was held at 400 Englewood Drive in Frankfort, Ky. and via video teleconference, pursuant to proper notice given in accordance with KRS 61.826 and KRS 65.312(3).
The roll was called. The following Directors were present: Chairman David Fields, Pendleton County Judge/Executive; Elbert Bennett, Caldwell County Magistrate; Mike Welsh, Metcalfe County PVA; and David Livingston, Scott County Magistrate, (via video teleconference); Jacqalynn Riley, Grant County Magistrate.
Others participating included: Jim Henderson, Executive Director; Temple Juett, Chief Insurance Officer; Jeremy Baird, Director of Insurance; Karen Basham, Chief Financial Officer; Tim Sturgill, General Counsel; Lindsey Bowman, Customer Service Representative; Andrea Morse, Alyssa Rogers, Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Director of Strategic Operations; Beth Pleasant, Administrative Specialist.
Chairman Fields called the meeting to order at 9:05 a.m.
Motion made by David Livingston, seconded by Mike Welsh, to approve the minutes of the May 28, 2025, meeting as presented. Motion carried.
Ms. Basham presented and discussed the following financial reports: balance sheet as of May 31, 2025; statement of activities for period July 2024 through May 2025; and FY 2024/25 PAF budget for the period July 1, 2024 through May 31, 2025.
Ms. Basham presented and discussed a summary of the Fund's investments and security transactions for the month of May 2025. The Board received a full listing of the Fund's investments electronically.
Motion made by Mike Welsh, seconded by Elbert Bennett, to acknowledge receipt of the investment report and to ratify the investment transactions as presented. Motion carried.
Ms. Basham presented and discussed the proposed draft budget for FY 2025/26, noting the corrections made. She explained that a figure related to the program administration fee had been transposed in the original proposed budget, which was presented to the board at the April meeting.
Motion made by David Livingston, seconded by Mike Welsh, to approve the budget for FY 2025/26 as presented. Motion carried.
Ms. Basham presented and discussed the FY 2025/26 program administration agreement between KACo and the KACo Unemployment Insurance Fund. The agreement is for a one-year term, beginning July 1, 2025 and ending June 30, 2026.
Motion made by David Livingston, seconded by Elbert Bennett, to approve the FY 2025/26 program administration agreement as presented. Motion carried.
Ms. Bowman presented a list of potential benefit claims for May 2025.
Mr. Henderson provided a KACo update, and Ms. Hampton briefed the board on KACo's recent testimony at the Interim Joint Committee on Local Government.
The next meeting is July 23, at 9 a.m.
Motion made by David Livingston, seconded by Mike Welsh, to adjourn the meeting at 9:37 a.m. Motion carried.
