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July 16, 2021 at 9:00 AM - MICU Workers' Compensation Fund Board Meeting

Agenda
I. CALL TO ORDER - 9:00AM
 
II. CHAIR'S REMARKS
9:00-9:10AM
Presenter:  Thomas W. Ayers, Board Chair
III. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
Presenter:  Rhonda M. Roorda, Fund Administrator
III.A. Minutes Of The March 12, 2021 Virtual Board Meeting
III.B. Recommendation - #1
IV. POST-AUDIT (2020) SESSION WITH YEO & YEO 
      (PER AUDITING STANDARDS)

9:25-9:40AM
Presenter:  Bradley M. DeVries, Principal & Andrew Walton, Senior Accountant
V. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
9:40-9:55AM
Presenter:  Mark S. Vostrizansky, Vice President & Portfolio Manager
VI. SERVICE AGENT REPORTS - BROADSPIRE
9:55-10:10AM
Presenter:  Joanne M. Cameron, Sr. Account Executive
VII. SAFETY & LOSS VISIT REPORT - THE ASU GROUP
10:10-10:25AM
Presenter:  Brad Rutgers, President/CEO & Adam Wilberding, Dir. Of Loss Control Services
VIII. BREAK
10:25-10:30AM
IX. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:30-11:00AM
IX.A. 2021 FUND YEAR BUSINESS
IX.A.1. 2021 Estimated Premium Collections
IX.A.1.a. Memo To Board Of Trustees Regarding Status Of 2021 Estimated Premium Collections
IX.A.1.b. 2021 Estimated Annual And Quarterly Premium Chart
IX.A.2. Second Quarter Fiscal Report For The Period Ending June 30, 2021
IX.A.2.a. Second Quarter Fiscal Report For The Period Ending June 30, 2021  
IX.A.2.b. Recommendation #2 
IX.B. 2020 FUND YEAR BUSINESS
IX.B.1. 2020 Payroll Audit Premiums
IX.B.1.a. Memo To Board Of Trustees Regarding Status Of 2020 Payroll Audits
IX.B.1.b. Refunds Of 2020 Overpayments/Collection Of Add'l Balances Due
IX.B.1.c. 2020 Excess Reinsurance Premium & Service Fee Payables ($14,748)
IX.B.1.d. Recommendation #3
IX.B.2. Actuarial Study (12/31/20)
IX.B.2.a. Final Actuarial Report (12/31/20)
IX.B.2.b. Recommendation #4
IX.B.3. 2020 Audit  
IX.B.3.a. June 30, 2021 Independent Auditor's Report 
IX.B.3.a.1. Recommendation #5
IX.B.3.b. Final Audit Report For Financial Statements Ending December 31, 2020
IX.B.3.b.1. Recommendation #6
IX.B.3.c. Additional MICU Audit Documentation
IX.B.3.c.1. June 30, 2021 Fund Management Letter - Recommendation #7
IX.B.4. Draft Federal Tax Filing (2020 Fund/Tax Year)
IX.B.4.a. No Tax Liability
IX.B.4.b. Extension Filing
IX.B.4.c. Draft Federal Tax Return Prepared By Yeo & Yeo
IX.B.5. Equity Analysis As Of December 31, 2020
IX.B.5.a. Recommendation #8
IX.B.6. Preliminary Planning, Projections For Distributions During 2021
IX.B.6.a. Loss Fund Dividends From Prior Years
IX.B.6.b. Administrative Fund Refunds 
IX.B.6.c. Declarations:  At Proposed September 17, 2021 Board Business Meeting
IX.C. FUND OPERATIONS
IX.C.1. Proposed 2022 Slate Of Nominations For Fund Trustee Officers & Trustee Terms As Presented By The Nominating Committee 
IX.C.1.a. Recommendation #9
IX.C.2. REMINDER: Next Board Meeting & Annual Membership Meeting-September 17, 2021
X. ADJOURNMENT - 11:00AM
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