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