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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, January 21, 2026. This meeting was held 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 (participating via video teleconference as he was en route to the meeting, which was hampered by weather-related road conditions); Elbert Bennett, Caldwell County Magistrate (via video teleconference); Jacqalynn Riley, Grant County Magistrate (via video teleconference); Mike Welsh, Metcalfe County PVA; Randy Dial, Casey County Judge/Executive; and David Livingston, Scott County Magistrate (via video teleconference, arriving upon adjournment of the meeting due to weather-related road conditions).
Others participating included: Jim Henderson, Executive Director; Karen Basham, Chief Financial Officer; Tim Sturgill, General Counsel; Marie Skinner, Accounting Manager; Lindsey Bowman, Customer Service Representative; Andrea Morse, Insurance Agency Manager, Jeremy Baird, Director of Insurance; Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Chief Innovation Officer; Alyssa Rogers, Staff Accountant; Jesse Penn, Computer Support Specialist; and Sonya Chesser, Executive Assistant to the CEO/Director of Administrative Services.
Chairman Fields called the meeting to order at 9:04 a.m.
Motion made by Mike Welsh, seconded by Elbert Bennett, to approve the minutes of the December 17, 2025, meeting as presented. Motion carried.
Chairman Fields accepted nominations for chairman, vice-chair, and secretary.
Motion made by Jacqalynn Riley, seconded by David Livingston, to reelect the current officers with Judge Fields serving as chairman, Sheriff Ward as vice-chair, and to designate Sonya Chesser as secretary. Motion carried.
Ms. Skinner presented and discussed the following financial reports: balance sheet as of December 31, 2025; statement of activities for period July 2025 through December 2025; and FY 2025/26 PAF budget for the period July 1, 2025 through December 31, 2025.
Motion made by David Livingston, seconded by Elbert Bennett, to acknowledge receipt of the financial reports as presented. Motion carried.
Ms. Basham presented and discussed a summary of the Fund's investments for November and December 2025, and the security transactions for December 2025. The Board received a complete electronic listing of the Fund's investments prior to the meeting.
Motion made by Jacqalynn Riley, seconded by Mike Welsh, to acknowledge receipt of the investment report and to ratify the investment transactions as presented. Motion carried.
Ms. Basham presented and discussed the potential dividend options for the board's consideration. She recommended that if the dividend is less than $50, up to $100, that amount be applied toward the members' premiums. The board agreed to continue discussion of the issue, when the majority of members can meet in person.
Ms. Bowman presented a list of potential benefit claims received in the month of December 2025 and a report on the monthly unemployment rates by county.
The next meeting is Feb. 25, at 9 a.m.
Motion made by Randy Dial, seconded by Jacqalynn Riley, to adjourn the meeting at 9:30 a.m. Motion carried.
