BOARD MEMBERS PRESENT AFFILIATION Jackie Martin ... - sipe
BOARD MEMBERS PRESENT AFFILIATION Jackie Martin ... - sipe
BOARD MEMBERS PRESENT AFFILIATION Jackie Martin ... - sipe
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SCHOOLS OF SAN LUIS OBISPO COUNTY<br />
SCHOOLS INSURANCE PROGRAM FOR EMPLOYEES<br />
<strong>BOARD</strong> MEETING MINUTES<br />
FEBRUARY 26, 2010<br />
<strong>BOARD</strong> <strong>MEMBERS</strong> <strong>PRESENT</strong><br />
<strong>Jackie</strong> <strong>Martin</strong><br />
Sharon Henslin<br />
Christin Newlon<br />
Toni Sommer<br />
Mary Stark<br />
Gary Hoskins<br />
Thomas Apkarian<br />
Russell Miller<br />
Annie Lachance<br />
<strong>AFFILIATION</strong><br />
Atascadero Unified School District<br />
Coast Unified School District<br />
County Office of Education<br />
Cuesta College<br />
Lucia Mar Unified School District<br />
Paso Robles Joint Unified School District<br />
Pleasant Valley Joint Unified School District<br />
San Luis Coastal Unified School District<br />
Shandon Joint Unified School District<br />
<strong>BOARD</strong> <strong>MEMBERS</strong> ABSENT<br />
George Erdelyi<br />
Sherrie Castellanos<br />
Aaron Asplund<br />
<strong>AFFILIATION</strong><br />
Cayucos Elementary School District<br />
San Miguel Joint Unified School District<br />
Templeton Unified School District<br />
OTHERS <strong>PRESENT</strong>:<br />
Cheryl Lunsford, Administrative Assistant<br />
Mike McGuire, Executive Director<br />
Greg Cook<br />
<strong>AFFILIATION</strong><br />
Schools Insurance Program for Employees<br />
Schools Insurance Program for Employees<br />
Vavrinek, Trine, Day & Co., LLP<br />
1. CALL TO ORDER - Pursuant to notice duly given and posted, a meeting of the SIPE Board of Directors was<br />
called to order by SIPE Board President Sharon Henslin at 8:39 a.m., February 26, 2010, at the Schools Insurance<br />
Program for Employees office, Atascadero, CA.<br />
2. COMMENTS FROM THE PUBLIC ON ITEMS NOT ON THE AGENDA –There were none.<br />
3. APPROVE JANUARY 29, 2010, MEETING MINUTES – The Board approved the January 29, 2010,<br />
meeting minutes as presented. (<strong>Martin</strong>/Hoskins) (7/0).<br />
4. YORK WORKERS’ COMPENSATION ADMINISTRATION – Executive Director Mike McGuire<br />
reported that there were 11 claims opened in January and that 14 claims were closed. He reported that future medical<br />
claims are under 100 and that there were 240 open claims as of January 31, 2010. He reported there are 12 new<br />
claims in February and that the dollar values of these claims are low. He reported that one claim has the potential to<br />
be very large. He provided a handout with their district’s rates and premiums.<br />
5. ACCEPTANCE OF 2008-2009 FINANCIAL AUDIT – Greg Cook reported that it was the opinion of the<br />
independent auditors that basic financial statements were presented fairly and that the total net assets dropped by<br />
$1,802,904 during the fiscal year ended June 30, 2009, primarily due to the distributions of Equity Rebates. He<br />
reported that that the capital target calculation computed during the year was based upon the "discounted" estimated<br />
claims liability. SIPE's Capital Target Policy suggests that the capital target should be computed based upon<br />
"undiscounted” claims liabilities plus an additional 25% contingency marginal funding. The difference between using<br />
the discounted vs. undiscounted claims liability would have been a reduced equity distribution of approximately<br />
$600,000. The Board accepted the financial audit of FY 2008-2009 as presented. (<strong>Martin</strong>/Lachance) (7/0).<br />
6. APPROVE FISCAL YEAR 2010-2011 BUDGET CALENDAR – The Board approved to use the same<br />
budget calendar dates as fiscal year 2009-2010. (<strong>Martin</strong>/Lachance) (7/0).<br />
1 ‐ SIPE <strong>BOARD</strong> MINUTES FEBRUARY 26, 2010
7. APPROVE YORK INSURANCE SERVICES CONTRACT FOR 2010-2013 – Executive Director Mike<br />
McGuire reported that York Insurance Services eliminated the proposed US Cost Price Index (CPI) increase from<br />
the contract. The Board approved the York Insurance Services Contract for 2010-2013. (Newlon/<strong>Martin</strong>) (7/0).<br />
8. HEALTH AND SAFETY DEPARTMENT – Executive Director Mike McGuire reported that districts<br />
must maintain confidentiality of their workers’ compensation claims and cannot share any information with other<br />
districts even if that employee was terminated from one district and is hired at another. He reported that SIPE’s new<br />
SISC II representative is Tim Beard and that he is very knowledgeable in many areas of risk management and<br />
property liability. He reported that SIPE’s online training has generated $540,000 in online training fees since its<br />
inception. He requested that districts utilize SIPE staff to help maintain their worker health and safety programs. He<br />
reported that Claims Manager Lynn Cavalcanti would return next month to provide the workers’ compensation<br />
claims report.<br />
9. REPORTS FROM <strong>BOARD</strong> <strong>MEMBERS</strong>/OTHERS – Mary Stark reported that she attended the Public<br />
Agency Risk Managers Association (PARMA) conference and that SIPE’s website was recommended for<br />
organizations to learn more about health and safety program and risk management<br />
10. ADJOURNMENT –The Board was adjourned at 9:50 a.m. (<strong>Martin</strong>/Lachance) (9/0).<br />
2 ‐ SIPE <strong>BOARD</strong> MINUTES FEBRUARY 26, 2010
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