TASB Risk Management Fund Board of Trustees November Meeting Update

by June Kissinger

The Fund’s Board of Trustees met on November 7, 2008, at TASB headquarters in Austin. 

The Fund Board heard reports from the Audit and Finance Committee, the Claims Committee, and the Member Services Committee. The Audit and Finance Committee presented a report on the preliminary August 31, 2008, financial statements. The Fund continues to enjoy a strong financial position, ending the year with a $1.7 million increase in Members’ Equity. The Committee also presented the Fund’s annual investment report to the full Board. The Claims Committee reported on Hurricane Ike claims and presented the annual report on claim trends and activities. The Member Services Committee reported on the 2008-09 renewal and marketing results, the 2008-09 reinsurance program, and member training programs.

The full Board conducted the annual review of board policies and listened to staff reports on the 2007-08 administrative fees and the Program Review and Evaluation Process (PREP).

Finally, the Fund Trustees elected the officers for 2008-09. They are as follows:

Chair: Kevin Carbo –Mesquite ISD
Vice Chair: Ben Coker – Highland Park ISD – Dallas County
Treasurer: David Webb – Deer Park ISD
Secretary: James B. Crow - TASB