July 29, 2022 at 9:00 AM - MICU Workers' Compensation Fund Board of Trustees Meeting
| Agenda |
|---|
|
I. CALL TO ORDER - 9:00AM
|
|
II. CHAIR'S REMARKS
9:00-9:10AM
Presenter:
Michael J. Moore, Board Chair
|
|
III. Vote To Appoint Lisa VanDeWeert, Chief Business & Finance Officer, Kalamazoo College, As New Trustee - Rec. A.
|
|
IV. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
Presenter:
Rhonda M. Roorda, Fund Administrator
|
|
IV.A. Minutes Of The March 11, 2022 Virtual Board Meeting
|
|
IV.B. Recommendation - #1
|
|
V. POST-AUDIT (2021) SESSION WITH YEO & YEO
(PER AUDITING STANDARDS) 9:25-9:40AM
Presenter:
Bradley M. DeVries, Principal & Andrew Walton, Senior Accountant
|
|
VI. ACTUARIAL REPORT - AON
9:40:9:55AM
Presenter:
Terry Pfeifer, Senior Consultant
|
|
VII. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
9:55-10:10AM
Presenter:
Mark S. Vostrizansky, Vice President & Portfolio Manager
|
|
VIII. SERVICE AGENT REPORTS - BROADSPIRE
10:10-10:25AM
Presenter:
Joanne M. Cameron, Sr. Account Executive
|
|
IX. SAFETY & LOSS VISIT REPORT - THE ASU GROUP
10:25-10:40AM
Presenter:
Brad Rutgers, President/CEO & Adam Wilberding, Dir. Of Loss Control Services
|
|
X. BREAK
10:40-10:55AM |
|
XI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:55-11:30AM |
|
XI.A. 2022 FUND YEAR BUSINESS
|
|
XI.A.1. 2022 Estimated Premium Collections
|
|
XI.A.1.a. Memo To Board Of Trustees Regarding Status Of 2022 Estimated Premium Collections
|
|
XI.A.1.b. 2022 Estimated Annual And Quarterly Premium Chart
|
|
XI.A.2. Second Quarter Fiscal Report For The Period Ending June 30, 2022 & Surplus Transfer Recommendations
|
|
XI.A.2.a. Second Quarter Fiscal Report For The Period Ending June 30, 2022
|
|
XI.A.2.b. Recommendations #2, 2a. & 2b.
|
|
XI.B. 2021 FUND YEAR BUSINESS
|
|
XI.B.1. 2021 Payroll Audit Premiums
|
|
XI.B.1.a. Memo To Board Of Trustees Regarding Status Of 2021 Payroll Audits
|
|
XI.B.1.b. Refunds Of 2021 Overpayments/Collection Of Add'l Balances Due
|
|
XI.B.1.c. 2021 Excess Reinsurance Premium & Service Fee Payables ($7,305)
|
|
XI.B.1.d. Recommendation #3
|
|
XI.B.2. Actuarial Study (12/31/21)
|
|
XI.B.2.a. Final Actuarial Report (12/31/21)
|
|
XI.B.2.b. Recommendation #4
|
|
XI.B.3. 2021 Audit
|
|
XI.B.3.a. July 21, 2022 Independent Auditor's Report
|
|
XI.B.3.a.1. Recommendation #5
|
|
XI.B.3.b. Final Audit Report For Financial Statements Ending December 31, 2021
|
|
XI.B.3.b.1. Recommendation #6
|
|
XI.B.3.c. Additional MICU Audit Documentation
|
|
XI.B.3.c.1. July 21, 2022 Fund Management Letter - Recommendation #7
|
|
XI.B.4. Equity Analysis As Of December 31, 2021
|
|
XI.B.4.a. Recommendation #9
|
|
XI.B.5. Preliminary Planning, Projections For Distributions During 2022
|
|
XI.B.5.a. Loss Fund Dividends From Prior Years
|
|
XI.B.5.b. Administrative Fund Refunds
|
|
XI.B.5.c. Proposed Declarations: At September 15, 2022 Board Business Meeting
|
|
XI.C. FUND OPERATIONS
|
|
XI.C.1. Proposed 2023 Slate Of Nominations For Fund Trustee Officers & Trustee Terms As Presented By The Nominating Committee
|
|
XI.C.1.a. Recommendation #8
|
|
XI.C.2. REMINDER: Next Board Meeting & Annual Membership Meeting-September 15, 2022
|
|
XII. ADJOURNMENT - 11:30AM
|