2001 - Saginaw County

Board of Commissioners December 11, 2001
FROM: COMMITTEE ON APPROPRIATIONS -- 4.2 DECEMBER 11, 2001
Your committee has considered communication no. 11-13-28 from
Marvin D. Hare, County Treasurer sending the Annual Report on
Saginaw County Retirees Health Care Plan and asking to amend the
Retiree Health Care Fund Policy.
Mr. Hare informed us that a change in the stock fund allows for
more diversification in the County’s stock portfolio. The change
in the bond investments would allow the County to buy individual
bonds when interest rates are rising, bond mutual funds always
lose value and this change would allow for more diversification in
bond investments.
Recommended changes to the policy are in bold and deletions are in
strike out.
6.5.1Sixty-five percent (65%) in equity securities, specifically,
which include a broad market index Funds. and other
stock mutual funds.
6.5.2Thirty-five percent (35%) shall be invested in Bond Mutual
Funds. bonds and bond mutual funds.
It is the recommendation of your committee to approve changes to
Policy No. 233 - Retiree Health Care Fund; further, that the Board
Coordinator distribute a copy to all Elected Officials, Department
Heads and Agencies of the County in accordance with County Policy.
Respectfully submitted,
COMMITTEE ON APPROPRIATIONS
James M. Graham, Chair
Connie D. Smith, Vice Chair
By Commissioner Bartels: That the Report of the Committee be
received and the recommendations contained therein be adopted.
Approved.
FROM: COMMITTEE ON APPROPRIATIONS -- 4.3 DECEMBER 11, 2001
Your Labor Relations Subcommittee considered various referrals for
factoring evaluation and/or classification. We herewith submit
the following and direct the proper County officials to make the
necessary budgetary adjustments.
A.Courts & Public Safety Committee Report 12-1.2, re:
reorganization of the Circuit Court Office (12-11-12)
---Based on point factoring, we recommend: the position of
Reporting Compliance Clerk be retitled Compliance Coordinator
and placed in grade T11; the position of Jury Criminal
Information Specialist be retitled to Jury Coordinator and
placed in grade T11. Funds are available in the Court's
budget to pay for same.
Respectfully submitted,
COMMITTEE ON APPROPRIATIONS
James M. Graham, Chair
Connie D. Smith, Vice Chair
By Commissioner Smith: That the Report of the Committee be
received and the recommendations contained therein be adopted.
Approved.
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