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The Kentucky Association of Counties Unemployment Compensation Self-Insurance Fund held a Board of Directors meeting at 9:30 a.m. on Wednesday, July 19, 2023. This meeting was held at the KACo offices located 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 Co. Judge/Executive; Jacqalynn Riley, Grant Co. Magistrate; Elbert Bennett, Caldwell Co. Magistrate; Mike Welsh, Metcalfe Co. PVA (via video teleconference); Randy Dial, Casey Co. Judge/Executive (via video teleconference); John Ward, Hardin Co. Sheriff (via video teleconference); and David Livingston, Scott Co. Magistrate (via video teleconference).
Others participating included: Jim Henderson, Executive Director/CEO; Temple Juett, Director of Insurance and Business; Karen Basham, Chief Financial Officer (via video teleconference); Tim Sturgill, General Counsel; Andrea Morse, Insurance Agency Manager; Lindsey Bowman, Customer Service Representative; Alyssa Rogers, Staff Accountant; Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Director of Strategic Operations; Jesse Penn, Computer Support Specialist; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Chairman Fields called the meeting to order at 9:30 a.m.
Motion made by Elbert Bennett, seconded by Jacqalynn Riley, to approve the minutes of the June 28, 2023 meeting as presented. Motion carried.
Ms. Skinner presented and discussed the following financial reports: balance sheet as of June 30, 2023; statement of activities for period July 2022 through June 2023; FY 2022/23 PAF budget for period July 1, 2022 - June 30, 2023; and customer balance summary as of June 30, 2023.
Motion made by David Livingston, seconded by Jacqalynn Riley, to acknowledge receipt of the financial reports as presented. Motion carried.
Ms. Skinner presented and discussed the investment report for month ended June 30, 2023 including the investment transactions for the month of June. The Board received a full listing of the Fund's investments electronically.
Motion made by Jacqalynn Riley, seconded by Elbert Bennett, to acknowledge receipt of the investment report and to ratify the investment transactions as presented. Motion carried.
Ms. Bowman presented a report on the county employment rates for May 2023.
Mr. Henderson provided a KACo update including an insurance update by Mr. Juett.
The next scheduled board meeting is Aug. 23 at 9:30 a.m.
Motion made by Randy Dial, seconded by Jacqalynn Riley, to adjourn the meeting at 9:50 a.m. Motion carried.
