Theodore R. Racines

The meeting covered a discussion of investment review, including an overview of investment safety, portfolio liquidity, and market outlook, as well as bond basics. The Executive Director's report included updates on entity additions, the annual audit, actuary information, property and cyber insurance changes, claims tracking software status, a pilot program for employment attorney consultations, WASCOP project status, and legislative updates concerning the Wyoming Governmental Claims Act liability limits. The Board also reviewed revenues, expenditures from the FY24 budget, and approved expenditures for April, May, and June 2024. Furthermore, proposed amendments to the Memorandum of Liability Coverage and Declaration Page regarding out-of-state claims and cyber insurance exclusions were accepted. Business also included nominations for upcoming board member elections and updates on building maintenance.

The Local Government Liability Pool (LGLP) board members met to discuss a proposal from the Wyoming Association of Sheriffs and Chiefs of Police (WASCOP) regarding policy development and training, review non-governmental entity membership, coverage documents, fiscal reports, banking, and contribution investments. The Board discussed risk and loss reports, expenditures, and held a budget hearing. The board also discussed amendments to LGLP's Memorandum of Liability Coverage, including changes related to claims covered under the WGCA and federal law, and the definition of 'occurrence'.

The Local Government Liability Pool (LGLP) Board members met to discuss WYOSTAR I and II accounts, cybersecurity insurance, and reviewed expenditures for January, February, and March. The Board discussed rules and regulations, policies, employment laws and contracts, and the budget. The Board considered investing in WYOSTAR II and cybersecurity insurance, but the cybersecurity insurance motion failed. The Loss Prevention Manager discussed harassment and board trainings, and on-site visits. The Legal Counsel discussed a recent Supreme Court opinion regarding the Governmental Claims Act and a proposed bill affecting governmental entities' ability to preserve immunity in contracts. The Board also discussed legal action protections, errors and omissions insurance, and a vehicle trade policy. The board authorized the settlement of two claims, the hiring of a paralegal, COLA raises and staff raises. The budget was also reviewed and accepted.

The board discussed board elections, terms of municipal elected officials and board officers, rules and regulations, establishing contribution rates, investment subcommittee report, a sheriff's and chiefs law enforcement training proposal, and membership of non-governmental entities. The Board also discussed risk & loss reports and expenditures. Amendments to the LGLP rules were discussed, focusing on clarifying language regarding staggered terms and addressing public comments. Contribution rates were a key point, with a motion to keep the same rates failing and a subsequent motion passing to set rates at a recommended percent change. The investment subcommittee provided a report, and the board considered a proposal for law enforcement training. Updates were given on non-governmental entities and the status of members, along with a review of risk and loss reports. The board also discussed the budget, entity employment terminations, and expenditures for October, November, and December 2021.

The Board discussed the fiscal year 2021 financial audit, rules and regulations, legislative updates, entity employment terminations and board elections. The Board also discussed risk & loss reports and July, August, and September expenditures. There was discussion regarding LGLP rules and regulations, and a public hearing was scheduled for the January 2022 meeting. The Board also discussed the upcoming board member election and set a deadline for ballot submissions. Updates were provided on entity additions/cancellations, the budget, and the actuarial report. The Board discussed cyber security coverage for members and reviewed LGLP expenditures and revenue for fiscal year 2021.