On July 20, 2016  6:00 P.M.

The residence of Joe Veranth

2370 S Jazz Ln, Prescott, AZ 86303


(Agenda #1)  The meeting was called to order at 6:00 P.M.  Noel Gormay, Mike O’Connor, Joe Veranth, and one community member attended.


(Agenda #2) Joe moved approval of the minutes of May 26, Noel seconded, and the motion passed unanimously.


(Agenda #3) Noel requested a brief review of the upcoming election, since he plans to run for re-election.  It was clarified that before he can collect any signatures on the petition form he must file the $500 exemption form, checking the boxes for “candidate committee” and using himself as the committee as well as the candidate.  It is believed, but not confirmed, that one of the Lamberts will also be running.  Confirmation of the candidates will come from the county on August 10.


(Agenda #4) Joe summarized our insurance situation that in addition to the Auto-Owners road insurance policy for which the premium was $402 last year and expected to be the same this year, we have a United States Liability directors & officers policy for which the premium is going up from $800 last year to $1000 this year.  After finding that we could not lower that premium via coverage changes, we got a quote from Cincinnati Insurance, which is $750 but provides no cyber-liability protection and has a $1000 deductible.  We have no cyber liability risk, since we keep no personal information (SSNs, Credit Card #s, etc) which could be stolen on any District computer.   And Joe thought the $1000 deductible was a small risk since we’ve had no claims in 7 years and will recover that much in premium savings every four years.  Lauren Veranth asked whether cyber insurance would come into play if the Finance Administrator’s computer got hacked, but the Board was not aware of any liability due to confidential information there either.   Joe moved that we switch from USLI to Cincinnati, Noel seconded, and the motion passed unanimously.  Thus, our insurance costs in FY17 should be $250 less than what we budgeted.


(Agenda #5) There were no suggestions for future agenda items.


(Agenda #6) Discussion of future meeting dates was left to sometime after the monsoon.


(Agenda #7) Call to the public raised no additional issues.


(Agenda #8) The meeting was adjourned at 6:11 P.M.