Pastor Connie Hubbard from the Myrtle Gospel Tabernacle Church
PLEDGE OF ALLEGIANCE
PUBLIC COMMENT
NEW BUSINESS
·CONFIRMATION OF AUTHORIZATION
The Compliance Department at CS McKee wishes to confirm their authorizations to perform the following on behalf of the Potter County Employees’ Retirement Fund:
Vote Proxies
Submit Corporate Actions
File Class Actions
·FUNDS TRANSFER PROCEDURAL CHANGE
The current procedure for transferring retirement funds in increments of $250,000.00 from the holding account at Citizens & Northern Bank to Wachovia for investment by CS McKee is triggered when the holding fund reaches $500,000.00.
The board proposes to lower this amount to $300,000.00, contingent on there being sufficient funds to cover retirement benefits due.
CALL TO ORDER: A meeting of the Potter County Retirement Board was called to order at 11:20 am, Thursday, May 20, 2010, in the Commissioners Conference Room. Present were all five board members: Commissioners Doug Morley, Paul Heimel and Susan Kefover, Chief Clerk Todd Brown, Treasurer Krista Miller. Also present were Jeff Davidek, C. S. McKee; Anne Nelson and members of the media Teri McDowell, Brent Addleman, and Gerri Miller.
ROLL CALL: Commissioner Doug Morley, present; Commissioner Susan Kefover, present; Commissioner Paul Heimel, present; Treasurer Miller, present; Chief Clerk Todd Brown, present.
MINUTES – 2/25 /10: Commissioner Heimel moved to approve. Commissioner Kefover seconded. Roll call: Commissioner Morley, yes; Commissioner Heimel, yes; Commissioner Kefover, yes; Treasurer Miller, yes; Chief Clerk Brown, yes.
NEW BUSINESS
·FIRST QUARTER 2010 EMPLOYEES’ RETIREMENT FUND REPORT – Jeff Davidek, C.S. McKee, Fund Manager
Mr. Davidek reported that the fund balance stood at $9,579,705 as of March 31, 2010, compared to $9,236,071 on Dec. 31, 2009. Growth of 3.74 percent for the first quarter of 2010 was encouraging and slightly higher than the 3.56 percent for the S&P 500, EAFE and BC Aggregate Total Index.
He said the year 2010 has seen an increased in the economic rally that was evident in 2009, but there are several “headwinds” identified by C. S. McKee. Business spending, Gross Daily Product growth and job gains are positive trends, but a stronger U.S. dollar value and weaker euro portend market volatility. The U.S. economy could also experience a downturn as the federal stimulus of 2009 expires.
Mr. Davidek said C. S. McKee analysts have been studying the impact of the BP oil spill off the Gulf Coast and at this time have concluded that investment funds such as the Potter County Employees’ Retirement Fund should not sell off holdings in a BP contracting partner, Transocean, as liability is expected to be borne by BP, rather then Transocean. He also reminded Retirement Board members that they have the option of instructing C. S. McKee to change investments of the fund balance based on issues of social responsibility or personal preference. At the same time, Mr. Davidek emphasized that C. S. McKee has an impressive track record and remains committed to a conservative, long-range investment strategy to achieve the fund’s growth goals of 7.5 percent annually.
He spoke in detail about C. S. McKee’s assessment of investment opportunities in health care suppliers and providers, energy firms, international companies, as well as C. S. McKee’s Aggregate Fixed Income investment decisions and strategies.
Mr. Davidek fielded questions from Retirement Board members. Asked for a forecast of second quarter 2010 results, he replied that April numbers were encouraging, while May has been disappointing. He also said that board members can obtain daily reports of the fund’s status by contact C.S. McKee.
ADJOURNMENT: Commissioner Kefover moved to adjourn. Chief Clerk Brown seconded. All in favor. The meeting was adjourned at 1:05 pm.
·BOARD RESIGNATION – Jessica Songster has submitted her letter of resignation from the Potter County Hospital Authority effective July 15, 2010.
·APPOINTMENT - Patty Bowman to the Potter County Hospital Authority effective July 29, 2010 to fill the unexpired term of Jessica Songster through December 12, 2012.
·APPOINTMENTS – Jean Wilson, PCHS, recommends the following for appointment to the 2010 Emergency Food and Shelter Program Board:
oWilliam Krog – Chairman
oSr. Phyllis Schleicher
oCommissioner Susan Kefover
oF. Thomas Howland
oJasonBange
oAlyce Reese
oDorrie Taylor
oDiana Ewing
oKenneth Straub
oFr. James Campbell
oPastor Scott Ogden
CONTRACTS AND AGREEMENTS
·AGREEMENT – Between Potter County and Rieders, Travis, Humphrey, Harris, Waters & Waffenschmidt for counsel fees.
·PCHS CONTRACTS
AGING2009/102010/11
Lifeline Systems Company d/b/a
Philips Lifeline
PERS monthly rental$25No Change
Medication Dispenser monthly rental$50No Change
7/1/10 to 6/30/11
Keystone Rural Health Consortia
Physician Consultation Services$120/hr.No Change
7/1/10 to 6/30/11
CHILDREN AND YOUTH
OswayoValleySchool District
School Based ICM Services
Per year per school $6,000No Change
7/1/10 to 6/30/11
EARLY INTERVENTION
GuidanceCenter
Special Instruction (per 15 minutes)$27.71No Change
Physical Therapy (per 15 minutes)$31.45No Change
Occupational Therapy (per 15 min)$31.45No Change
Speech Therapy (per 15 min)$31.45No Change
7/1/10 to 6/30/11
DRUG AND ALCOHOL
PYRAMID HEALTHCARE, INC., # 077019
Non-Hospital Detox Adult$209.00$219.00
Short Term (-42 Days) Adult$176.00$188.00
Moderate Term (42-90 Days) Adult$176.00$188.00
Short Term (-42 Days) Adult Co-occurring$219.00$226.00
PYRAMID HEALTHCARE, INC., # 077014
Halfway House Male Only$87.00No Change
PYRAMID HEALTHCARE, INC., # 077018
Halfway House Adult Male Only$84.00 $87.00
Pyramid Healthcare Inc., #077026
Halfway House Adult Female Only$92.00No Change
Halfway House Adult Co-occurring Female Only$109.00 No Change
Pyramid Healthcare Inc., Bellville #447027
Moderate Term (42-90 Days) t Male Only$172.00 No Change
·Darcy Shutt (PCHS) – Volunteer Recruitment Training & Medicare Annual Enrollment Session, August 11-12, 2010, State College, Pa. Request for meals, mileage and lodging ($214.84) expenses. There is no registration fee.
Purpose: Two trainings. PCAAA was selected to participate in an Apprise Volunteer Recruitment Training (mileage and hotels costs will be reimbursed).
·Janet Long (PCHS) – HCBS Provider Meeting, August 11, 2010, Mechanicsburg, Pa. Request for meals, mileage and lodging ($81.75) expenses. There is no registration fee.
Purpose: Meeting with OLTL & P4A for important updates pertaining to the PDA Waiver program
·Keegan Barnard (PCHS) – Service Coordinator Training, August 12, 2010, State College, Pa. Request for meals, mileage and lodging ($83.45) expenses. There is no registration fee.
Purpose: Mandatory training
·Crystal Thomas (PCHS) – Provider Monitoring, August 4, 2010, Washington, Pa. Request for meals, mileages and lodging ($87.20) expenses. There is no registration fee.
Purpose: Touring Greenbriar treatment facility as required by BDAP for contract
·Pauline Kleintop, Pat Nichols (Elected Auditors) – Auditors’ Convention, October 2-7, 2010, Gettysburg, Pa. Notification of expenses: Meals ($302.11 each), mileage, lodging ($470.29 each), and registration fee ($200.00 each).
Notification only - NO ACTION IS REQUIRED
PERSONNEL
·CORRECTION TO TEMPORARY EMERGENCY HIRE– Dee Walters as Case Manager I, Class IV
·NOTIFICATION OF HIRING – Toni Fourness as First Deputy Treasurer effective July 26, 2010. No action is required.
·TEMPORARY EMERGENCY HIRE – Judy Snyder as Secretary/Clerk II, Class IV in the Potter County jail effective August 2, 2010 at an hourly rate of $9.17. This is necessary to cover medical leave through August 25, 2010
CHIEF CLERK REPORT
·Applications for County Liquid Fuels Tax Funds for county aid as follows:
