|
Meeting Agenda
|
|---|
|
I. Call To Order
Time: 9:00AM |
|
II. MICU Fund Chair's Welcome
Time: 9:00-9:10AM |
|
II.A. Introduction Of New Trustee Tracey Durden (Madonna University)
|
|
III. MICU Fund Administrator's Remarks
Time: 9:10-9:20AM |
|
III.A. Minutes Of July 16, 2021 Meeting
|
|
III.A.1. Recommendation #1
|
|
IV. Investment Agent Report - Huntington National Bank
TIme: 9:20-9:40AM |
|
V. Claims/Service Agent Report - Broadspire Services
Time: 9:40-10:00AM |
|
VI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
Time: 10:00-11:00AM |
|
VII. 2021 Fund Year Business
|
|
VII.A. 2021 Quarterly Estimated Premium Payments
|
|
VII.B. Interim Fiscal Report For The Period Ending August 31, 2021
|
|
VII.B.1. Recommendation #2/#3
|
|
VII.C. Equity Analysis (As Of 6/30/2021)
|
|
VII.C.1. Recommendation #4
|
|
VIII. Prior Fund Years Business: Declarations Of Dividends & Refunds ($541,949)
|
|
VIII.A. Background Review Of Fund's Financials
|
|
VIII.B. Board-Approved Formula For Allocations Of Loss Fund Dividends
|
|
VIII.C. Recommended Trustee Declarations
|
|
VIII.C.1. 2016 Final Loss Fund Dividends ($101,577)
|
|
VIII.C.1.a. Recommendation #5
|
|
VIII.C.2. 2018 Initial Loss Fund Dividends ($300,000)
|
|
VIII.C.2.a. Recommendation #6
|
|
VIII.C.3. 2020 Administrative Fund Refunds ($140,372)
|
|
VIII.C.3.a. Recommendation #7
|
|
VIII.D. Process & Projected Timeframe
|
|
IX. 2020 Fund Year Business: 2020 Final & Signed Federal Tax Return (No MI CIT Return Required)
|
|
X. Adjournment -11:00AM
(The MICU Fund Annual Zoom Membership Meeting Will Begin After This Board Meeting At 1:00PM) |
|
Agenda Item Details
Reload Your Meeting
|
||
|---|---|---|
| Meeting: | September 17, 2021 at 9:00 AM - MICU Workers' Compensation Fund Board Of Trustees | |
| Subject: |
I. Call To Order
Time: 9:00AM |
|
| Subject: |
II. MICU Fund Chair's Welcome
Time: 9:00-9:10AM |
|
| Presenter: |
Thomas W. Ayers, Fund Chair
|
|
| Subject: |
II.A. Introduction Of New Trustee Tracey Durden (Madonna University)
|
|
| Subject: |
III. MICU Fund Administrator's Remarks
Time: 9:10-9:20AM |
|
| Presenter: |
Rhonda M. Roorda, Fund Administrator
|
|
| Subject: |
III.A. Minutes Of July 16, 2021 Meeting
|
|
| Subject: |
III.A.1. Recommendation #1
|
|
| Subject: |
IV. Investment Agent Report - Huntington National Bank
TIme: 9:20-9:40AM |
|
| Presenter: |
Mark S. Vostrizansky, Vice President & Portfolio Manager
|
|
| Subject: |
V. Claims/Service Agent Report - Broadspire Services
Time: 9:40-10:00AM |
|
| Presenter: |
Joanne Cameron, Account Executive; Lisa Fular, Sr. Claims Specialist
|
|
|
Description:
Broadspire Service, Inc.
|
||
| Subject: |
VI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
Time: 10:00-11:00AM |
|
| Subject: |
VII. 2021 Fund Year Business
|
|
| Subject: |
VII.A. 2021 Quarterly Estimated Premium Payments
|
|
| Subject: |
VII.B. Interim Fiscal Report For The Period Ending August 31, 2021
|
|
| Subject: |
VII.B.1. Recommendation #2/#3
|
|
| Subject: |
VII.C. Equity Analysis (As Of 6/30/2021)
|
|
| Subject: |
VII.C.1. Recommendation #4
|
|
| Subject: |
VIII. Prior Fund Years Business: Declarations Of Dividends & Refunds ($541,949)
|
|
| Subject: |
VIII.A. Background Review Of Fund's Financials
|
|
| Subject: |
VIII.B. Board-Approved Formula For Allocations Of Loss Fund Dividends
|
|
| Subject: |
VIII.C. Recommended Trustee Declarations
|
|
| Subject: |
VIII.C.1. 2016 Final Loss Fund Dividends ($101,577)
|
|
| Subject: |
VIII.C.1.a. Recommendation #5
|
|
| Subject: |
VIII.C.2. 2018 Initial Loss Fund Dividends ($300,000)
|
|
| Subject: |
VIII.C.2.a. Recommendation #6
|
|
| Subject: |
VIII.C.3. 2020 Administrative Fund Refunds ($140,372)
|
|
| Subject: |
VIII.C.3.a. Recommendation #7
|
|
| Subject: |
VIII.D. Process & Projected Timeframe
|
|
| Subject: |
IX. 2020 Fund Year Business: 2020 Final & Signed Federal Tax Return (No MI CIT Return Required)
|
|
| Subject: |
X. Adjournment -11:00AM
(The MICU Fund Annual Zoom Membership Meeting Will Begin After This Board Meeting At 1:00PM) |
|