April 6, 2017 BOD Meeting Minutes

Posted on Apr 26, 2017

GENERAL SESSION MINUTES

Board Members Present:

  • D. Graham, Vice President
  • J. Carson, Sgt-at-Arms
  • P. David, Secretary
  • R. Balka
  • T. Charles
  • P. Farmer
  • J. Somosky
  • J. Keller

Excused

  • M. Singels, President
  • R. Biechler, Treasurer
  • B. Walsh

Staff Members Present:

  • S. Dillon, Executive Director
  • R. Keller, Office Manager
  • J. Newsome, Staff Attorney

Meeting called to order at 11:00am

Annual Edward Jones Update: Edward Jones advisor Kevin Dunbaugh presented the board with its annual investment and fiduciary responsibility update. Due to investment returns over the prior year, the proportion of investments in recommended risk categories were no longer fully aligned with best practices.  As such, the Board agreed to recommended adjustments to reduce risk in both the General and Fallen Officer funds, maximizing capacity for slow, yet steady growth.

 General Member Concerns:

  • Workers Compensation: Member concern raised regarding an ongoing workers compensation issue. Executive Director Dillon to speak with Risk Management on behalf of member. It was reiterated that prior to a member contacting an attorney, the CSPPA is available as a resource. Once a member engages an attorney, the CSPPA is not able to assist.

Member Discussion Items:

  • Master Patrol Officer proposal update: The proposed MPO position has shifted to a Corporal proposal. Proposal still under review, however, at present there is across the board support from the Office of the Chief.
  • Donation Request: The Hundred Club of Colorado Springs requested that the PPA sponsor 1 – 2 holes at its annual Golf Tournament for first responders from CSPD, CSPD, and EPSO.
    • 1st: J. Keller
    • 2nd: P. David
    • Motion passed with 7 yes; 1 abstention
  • Equipment Request: A member request was received to donate weights from the CSPPA municipal courthouse gym to the hangar for use with a squat rack. Vote deferred to permit board to inventory gym weights.
  • Civil Service Commission update: Commissioners voted 3 – 1 to approve CSPPA request that the three year patrol requirement to test for sergeant be changed to a two year requirement.
  • Agenda for the Chiefs’ meeting: Corporal proposal follow-up.
  • Miscellaneous:
    • Leaks to roof to be repaired by CRS Roofing
    • By-Law revisions and updates
      • 1st: J. Carson
      • 2nd: Theron Charles
      • All Approved
  • March 2017 financial report:
    • 1st: J. Keller
    • 2nd: P. David
    • All approved
Investment Accts.     March 2017 February 2017 January 2017 December 2016 November 2016 October 2016
Checking $ 39,743.94 $ 48,538.10 $   48,802.45 $46,949.94 $   55,669.59 $44,132.02
Gen. Invested Fund $294,713.19 $293,883.09 $288,189.17 $301,524.51 $298,510.11 $294,124.43
Fallen Officers Fd. $137,180.47 $136,735.51 $133,991.83 $131,679.78 $130,097.12 $129,374.10
Totals $471,637.60 $479,156.70 $470,983.45 $480,154.23 $484,276.82 $467,810.55

Non-investment Accounts:                 March 2017                   March 2016

Hundred Club Fallen Officers Fund          $ 15,624.82                   $   17,440.07

SDC account- political candidates           $ 29,244.00                   $   34,244.00

Meeting adjourned at 12:30pm