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Meeting Agenda
I. CALL TO ORDER - 9:00AM
 
II. CHAIR'S REMARKS
9:00-9:10AM
III. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
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
V. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
9:40-9:55AM
VI. SERVICE AGENT REPORTS - BROADSPIRE
9:55-10:10AM
VII. SAFETY & LOSS VISIT REPORT - THE ASU GROUP
10:10-10:25AM
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
Agenda Item Details Reload Your Meeting
Meeting: July 16, 2021 at 9:00 AM - MICU Workers' Compensation Fund Board Meeting
Subject:
I. CALL TO ORDER - 9:00AM
 
Subject:
II. CHAIR'S REMARKS
9:00-9:10AM
Presenter:
Thomas W. Ayers, Board Chair
Subject:
III. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
Presenter:
Rhonda M. Roorda, Fund Administrator
Subject:
III.A. Minutes Of The March 12, 2021 Virtual Board Meeting
Subject:
III.B. Recommendation - #1
Subject:
IV. POST-AUDIT (2020) SESSION WITH YEO & YEO 
      (PER AUDITING STANDARDS)
9:25-9:40AM
Presenter:
Bradley M. DeVries, Principal & Andrew Walton, Senior Accountant
Subject:
V. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
9:40-9:55AM
Presenter:
Mark S. Vostrizansky, Vice President & Portfolio Manager
Subject:
VI. SERVICE AGENT REPORTS - BROADSPIRE
9:55-10:10AM
Presenter:
Joanne M. Cameron, Sr. Account Executive
Subject:
VII. SAFETY & LOSS VISIT REPORT - THE ASU GROUP
10:10-10:25AM
Presenter:
Brad Rutgers, President/CEO & Adam Wilberding, Dir. Of Loss Control Services
Subject:
VIII. BREAK
10:25-10:30AM
Subject:
IX. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:30-11:00AM
Subject:
IX.A. 2021 FUND YEAR BUSINESS
Subject:
IX.A.1. 2021 Estimated Premium Collections
Subject:
IX.A.1.a. Memo To Board Of Trustees Regarding Status Of 2021 Estimated Premium Collections
Subject:
IX.A.1.b. 2021 Estimated Annual And Quarterly Premium Chart
Subject:
IX.A.2. Second Quarter Fiscal Report For The Period Ending June 30, 2021
Subject:
IX.A.2.a. Second Quarter Fiscal Report For The Period Ending June 30, 2021  
Subject:
IX.A.2.b. Recommendation #2 
Subject:
IX.B. 2020 FUND YEAR BUSINESS
Subject:
IX.B.1. 2020 Payroll Audit Premiums
Subject:
IX.B.1.a. Memo To Board Of Trustees Regarding Status Of 2020 Payroll Audits
Subject:
IX.B.1.b. Refunds Of 2020 Overpayments/Collection Of Add'l Balances Due
Subject:
IX.B.1.c. 2020 Excess Reinsurance Premium & Service Fee Payables ($14,748)
Subject:
IX.B.1.d. Recommendation #3
Subject:
IX.B.2. Actuarial Study (12/31/20)
Subject:
IX.B.2.a. Final Actuarial Report (12/31/20)
Subject:
IX.B.2.b. Recommendation #4
Subject:
IX.B.3. 2020 Audit  
Subject:
IX.B.3.a. June 30, 2021 Independent Auditor's Report 
Subject:
IX.B.3.a.1. Recommendation #5
Subject:
IX.B.3.b. Final Audit Report For Financial Statements Ending December 31, 2020
Subject:
IX.B.3.b.1. Recommendation #6
Subject:
IX.B.3.c. Additional MICU Audit Documentation
Subject:
IX.B.3.c.1. June 30, 2021 Fund Management Letter - Recommendation #7
Subject:
IX.B.4. Draft Federal Tax Filing (2020 Fund/Tax Year)
Subject:
IX.B.4.a. No Tax Liability
Subject:
IX.B.4.b. Extension Filing
Subject:
IX.B.4.c. Draft Federal Tax Return Prepared By Yeo & Yeo
Subject:
IX.B.5. Equity Analysis As Of December 31, 2020
Subject:
IX.B.5.a. Recommendation #8
Subject:
IX.B.6. Preliminary Planning, Projections For Distributions During 2021
Subject:
IX.B.6.a. Loss Fund Dividends From Prior Years
Subject:
IX.B.6.b. Administrative Fund Refunds 
Subject:
IX.B.6.c. Declarations:  At Proposed September 17, 2021 Board Business Meeting
Subject:
IX.C. FUND OPERATIONS
Subject:
IX.C.1. Proposed 2022 Slate Of Nominations For Fund Trustee Officers & Trustee Terms As Presented By The Nominating Committee 
Subject:
IX.C.1.a. Recommendation #9
Subject:
IX.C.2. REMINDER: Next Board Meeting & Annual Membership Meeting-September 17, 2021
Subject:
X. ADJOURNMENT - 11:00AM

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