PURMIT Board of Trustees Meeting
June 29, 2015
11:00 a.m. – 11:30 a.m.
Phone: 1-800-689-9374, Passcode: 700464
Minutes
Trustees Present: Chair Eric Yahnke (WOU); Patrick Hughes (OSU); George Marlton (OIT); Brian Roy (PSU); Vice Chair Lara Moore (EOU)
Trustees Absent: Craig Morris (SOU); Deb Donning (UO)
Others Present: James Parker (DWT); Ryan Britz (Berkley); Ashley Grealish (PURMIT)
Call to Order
Chair Eric Yahnke called the meeting to order at 11:00 a.m.
Roll Call
Roll call was taken of those present.
Review and approval of 2015 Allocation Model
The Board discussed the 2015 Allocation Model following the brief discussion during the prior Board meeting and the request for additional time to review. Mr. Hughes requested additional information specific to the deductible modeling work performed by the Trust actuary Price Waterhouse Cooper. Ms. Grealish had queried the actuary previously and agreed to send out deductible information later in the day. Mr. Parker inquired about the budget and the accounting expense that remains in the budget. Ms. Grealish indicated the budgeted amount is for the accounting firms closing/run off of the Trust business for the 2014 term.
Action:
A motion was made by Mr. Roy to approve the 2015 Allocation Model. The motion was seconded by Ms. Moore. The motion carried with no objection.
Adjournment
Ms. Moore moved to adjourn the meeting. Mr. Hughes seconded the motion. The motion passed with no objection and the meeting was adjourned at 11:25 a.m.