HomeMy WebLinkAbout1-13-2012 EMPLOYEE BENEFIT PLAN & TRUSTEE MTG r r �g�, \
CITY OF CALDWELL 2��' ¢'7-0°
• EMPLOYEE BENEFIT PLAN �Z.. '
TRUSTEE MEETING
HELD ON JANUARY 13, 2012
The meeting was reconvened at 9:20 a.m.
Those in attendance: Monica Jones, E1Jay Waite, and Mary-Kaye Stewart
DISCUSSION ITEM(S):
MOVED by ElJay, SECONDED by Monica to approve the October 24, 2011 and October
25, 2011 minutes as presented to City Council.
• Reconciled income statements, balance sheet and finance reports as of December
31, 2011.
• As of December 31, 2011, trial balance and bank balance is $349,858.
• Reported revenues of $586,023 and expenditures of $816,432. Expenditures are
$230,409 over revenues.
MOVED by E1Jay, SECONDED by Monica to accept the Order Adopting Report of
Examination by the Department of Insurance and note that it has been recommended
� that a Conflict of Interest by signed by Trustees.
ElJay suggested that Councilman Hopper and Councilwoman Ozuna serve as trustees
since neither one participates in the City's health and dental plans and would have little
if any conflict of interest. E1Jay expressed concern that his conflict of interest may
prevent him from serving as a trustee (ElJay will be responsible for preparing the
annual audit report of trust assets and liabilities for 2012 in his position with the city). A
conflict of interest form will be presented at the next meeting for consideration. This
recommendation will be presented to council for consideration.
• There was a review of the audit. ElJay stated that he was concerned about
$339,786 reduction in net assets and will advise city council.
MOVED by ElJay, SECONDED by Monica to accept the audit prepared by Eide Bailly
and approve the response letter the City of Caldwell prepared for Eide Bailly.
• A meeting will be scheduled with Nate Marshall at Moreton & Co. for the
purpose of discussing the City's Wellness Incentive program, large medical
claims, and future premiums for the City's health and dental pl�.n.
MOVED by E1Jay, SECONDED by Monica Jones to adjourn at 10:15 a.m. and schedule
the next Trustee Meeting for Apri116, 2012 at 9:00 a.m. !
• Those voting yes: Unanimous.
MOTION CARRIED
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