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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, September 24, 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; Jacqalynn Riley, Grant County Magistrate (via video teleconference); Mike Welsh, Metcalfe County PVA (via video teleconference); Randy Dial, Casey County Judge/Executive (via video teleconference); and David Livingston, Scott County Magistrate (via video teleconference).
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, Rich Ornstein, Staff Attorney; Alyssa Rogers, Staff Accountant; Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Director of Strategic Operations; Hollis Alexander, Relationship Officer; Sydney Blodgett, Member Engagement Manager; 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 a.m.
Motion made by David Livingston, seconded by Randy Dial, to approve the minutes of the August 20, 2025, meeting as presented. Motion carried.
Ms. Skinner presented and discussed the following financial reports: balance sheet as of August 31, 2025; statement of activities for period July 2025 through August 2025; and FY 2025/26 PAF budget for the period July 1, 2025 through August 31, 2025. She also presented the customer balance summary as of September 18, 2025.
Motion made by Elbert Bennett, seconded by Jacqalynn Riley, to acknowledge receipt of the financial reports as presented. Motion carried.
Ms. Basham presented and discussed a summary of the Fund's investments and security transactions for the month of August 2025. The Board received a full listing of the Fund's investments electronically prior to the meeting.
Motion made by Randy Dial, seconded by Jacqalynn Riley, to acknowledge receipt of the investment report and to ratify the investment transactions as presented. Motion carried.
Ms. Skinner presented and discussed the claims paid and rate trends from the Fund's inception in 1974 to 2024.
Ms. Bowman presented a list of potential benefit claims received in August 2025 and a report on the monthly unemployment rates by county.
Mr. Henderson, providing a KACo update, discussed yesterday's testimony at the Interim Joint Committee on Local Government meeting regarding the jail issue. He highlighted the exemplary job done by Squire Riley, who testified alongside Hardin County Judge/Executive Keith Taul, Knox County Judge/Executive Mike Mitchell, Webster County Judge/Executive Steve Henry, and Ms. Hampton.
The next meeting is Oct. 22, at 9 a.m.
Motion made by Elbert Bennett, seconded by David Livingston, to adjourn the meeting at 9:38 a.m. Motion carried.
