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[PSPRS Meeting on February 6, 2025. ]
TO ORDER.IT IS THURSDAY, FEBRUARY 6TH AT 1103.
UH, THIS IS THE SEDONA LOCAL PD RETIREMENT BOARD.
SO LET UH, START WITH PLEDGE OF ALLEGIANCE.
LYNN, WOULD YOU LEAD US IN PLEDGE? SURE.
BOARD MEMBER JAY EVANGELA HERE.
AND BOARD MEMBER MICHAEL LUCAS HERE.
AND WHY DON'T WE HAVE THE, UH, STAFF HERE IDENTIFY THEMSELVES AS WELL? YEAH, GO AHEAD.
UH, RENEE STANLEY, ACCOUNTING MANAGER, KIM, QUICK SENIOR ACCOUNTANT.
BARBARA WHITEHORN, DIRECTOR OF FINANCIAL SERVICES.
AND OF COURSE BRENDA IS HERE AS WELL, RUNNING THE SHOW AS SHE.
OUR FIRST, UH, ITEM ON THE AGENDA IS OUR CONSENT AGENDA, WHICH IS THE APPROVAL OF THE OCTOBER 3RD, 2024 MINUTES.
THE MINUTES WERE IN THE PACKET.
I'LL GIVE YOU A SECOND TO TAKE A LOOK AT 'EM.
ANY QUESTION OR COMMENT ON THE MINUTES QUESTIONS? THEY LOOK GOOD.
I'LL ENTERTAIN A MOTION, UH, MOTION TO APPROVE THE MINUTES FROM LYNN.
I SECOND THAT FOR OCTOBER 1ST, 24.
MOTION SHOULD BE NO QUESTIONS ON THE MOTION.
THOSE MINUTES ARE APPROVED UNANIMOUSLY.
NOW IS OUR CALL TO THE PUBLIC.
LOOKING IN THE BACKSIDE OF OUR VAST HALL HERE, HERE.
SEEING NONE, WE'LL CLOSE THE CALL TO THE PUBLIC.
ITEM 20, ITEM FOUR IS OUR REVIEW OF THE 2024 ACTUARIAL VALUATION REPORT BY OUR FINANCIAL SERVICES DEPARTMENT.
FIRST I WANNA APOLOGIZE FOR FEBRUARY 8TH ON THE DATE.
APPARENTLY I THOUGHT SATURDAY WOULD BE A FUN TIME FOR US TO BE UNINTENTIONAL AND I'LL FIX IT IN THE OFFICIAL YES, PLEASE, IF YOU WOULD.
UM, SO ACTUARIAL TIMELINE, JUST WANNA GO OVER THIS.
UM, FIRST, UM, IT'S THE STATUS OF THE P-R-S-P-R-S, UH, FOR EACH PLAN BECAUSE OF COURSE WE HAVE DIFFERENT TIERS, TIER ONE AND TWO, AND THEN TIER THREE.
UM, AND THE REPORT ESTABLISHES THE MINIMUM REQUIRED CONTRIBUTION RATES FOR THE FOLLOWING FISCAL YEAR.
UM, THE JUNE 30TH, UH, 2024 REPORT WAS ISSUED ON DECEMBER, AND IT INCLUDES THE MINIMUM REQUIRED CONTRIBUTION FOR FY 25 26.
SO UNFUNDED LIABILITY FOR TIERS ONE AND TWO.
IT'S ALWAYS LOVELY TO BE ABLE TO SAY THE UNFUNDED LIABILITY IS NEGATIVE 1.3 MILLION.
SO WE ARE CURRENTLY OVERFUNDED AND I BELIEVE WE'RE A LITTLE BIT MORE OVERFUNDED THAN THAT.
BECAUSE WHEN WE CALLED P-S-P-R-S TO FIND OUT WHAT WE NEEDED TO PAY TO GET TO A HUNDRED PERCENT, THEY GAVE US A NUMBER AND THEN WE SAID, WHY ARE WE SO FAR OVER? AND THEY SAID, OH, WELL WE DIDN'T ACTUALLY LOOK AT WHAT YOU CONTRIBUTED THIS YEAR,
SO, AND, AND, UM, THAT WAS A LITTLE FRUSTRATING, BUT IT MEANS THAT OUR FUNDED STATUS BEING THAT HIGH WILL STAY THAT WAY LONGER.
UM, EVEN IF WE ONLY MAKE THE CONTRIBUTION THAT'S REQUIRED ON, YOU KNOW, INDIVIDUALS, WE'RE NOT INCREASING OUR PAYMENT AT ALL.
'CAUSE IT WILL COME DOWN AND TIER THREE IS AT 108%, THAT'S $13 MILLION OVERFUNDED.
UM, AND THOSE FUNDED AMOUNTS WILL JUST COME DOWN NATURALLY OVER TIME AS WE HAVE INCREASES IN PAY, SHOULD WE HIRE ADDITIONAL OFFICERS.
AND, AND THAT'S JUST A NATURAL THING THAT, YOU KNOW, IT, IT DECREASES AND IF YOU'RE PAYING ATTENTION AS IT DECREASES, YOU INCREASE YOUR CONTRIBUTION A LITTLE BIT AND KEEP THAT, UM, FUNDED STATUS UP
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THERE.'CAUSE I THINK IT IS REALLY VALUABLE TO HAVE THE FUNDED STATUS AS CLOSE TO A HUNDRED PERCENT AS AS YOU CAN GET.
AND TIER THREE IS ARRANGED, WE HAVEN'T MADE ADDITIONAL PAYMENTS ON TIER THREE.
SO IT'S IT'S KIND OF RUNNING THE WAY IT SHOULD RUN.
IT'S A VERY, VERY DIFFERENT PLAN IN THE WAY THAT IT'S MANAGED.
AND SO THAT FUNDING LEVEL IS ANTICIPATED TO STAY THAT STAY THAT HIGH.
UM, SO, YOU KNOW, THERE'S CHANGES EVERY YEAR IN, YOU KNOW, RATES OF RETURN AND ALL THAT KIND OF STUFF.
IN REALITY, THE BIGGEST CHANGE FOR US IS THE FUNDING STATUS.
SO THE RATE OF RETURN BEING HIGHER, WHICH WAS FANTASTIC BECAUSE THEY HAD LOWERED THEIR EXPECTATIONS FOR IT LAST YEAR, AND THEN THE RETURNS WERE ACTUALLY HIGHER, THAT WAS EVEN BETTER.
UM, OUR PAYROLL GROWTH, UM, WAS A LITTLE BIT LOWER THAN IT WAS ANTICIPATED.
ON, ON OUR END THOUGH, THEY ARE CHANGING THAT ASSUMPTION.
THEY KEEP REDUCING THE PERCENTAGE INCREASE THAT THEY ANTICIPATE IN PAYROLL.
UM, THEY SAID THEY WERE GONNA STOP REDUCING IT AT 2%.
WELL NOW THEY'VE REDUCED IT TO ONE AND A HALF.
SO THAT IS NOT ADVANTAGEOUS FOR US IN, YOU KNOW, LOOKING AT THE ACTUARIALS BECAUSE IF THEIR ASSUMPTION IS A GROWTH OF ONLY 1.5% AND OUR GROWTH IS 5%, THAT DIFFERENCE IS SOMETHING THAT WE'RE GONNA HAVE TO MAKE UP UNLESS THE RATE OF RETURN REMAINS HIGH.
WHICH, YOU KNOW, THAT, THAT IS REALLY, UH, VOLATILE.
SO, YOU KNOW, EVERY, EVERYTHING ELSE IS, IS GOOD THOUGH.
SO HERE'S OUR HISTORY FOR TIERS ONE AND TWO.
THE LOWEST FUNDED WAS ABOUT 58% BACK IN 2017, AND IT CAME DOWN FROM 91%.
AND THEN, YOU KNOW, AS WE INCREASED OUR CONTRIBUTIONS, YOU CAN SEE IT COMING UP AND THEN THE 107.
SO WE'RE IN REALLY GOOD SHAPE RIGHT NOW.
DO YOU KNOW WHEN WE STARTED MAKING THE ADDITIONAL CONTRIBUTIONS? DO YOU KNOW? I DON'T KNOW.
I FEEL LIKE IT WAS TWO YEARS AGO THAT WE STARTED, NOT, NOT LAST YEAR, BUT THE YEAR BEFORE THAT WE DID ADDITIONAL.
BUT THEN THE LARGER PAYMENTS WERE 23 GOING FROM 65 TO 70% AND THEN IMPROVEMENTS FROM THERE.
AND YOU CAN SEE THE BIG ONES LIKE 70 AND THE BIG ONE.
AND THE BIG ONE WAS BECAUSE YOU DID, YOU ALL DID A LUMP SUM PAYMENT.
AND WHERE DID YOU, UM, WHERE DID YOU ACQUIRE THAT MONEY TO DO THE LUMP SUM? WELL, IT WAS BUDGETED BY COUNCIL, BUT IT'S FROM OUR RESERVES.
AND WE DID THAT MORE THAN ONCE.
IT WAS A VERY, UM, VERY STRATEGIC MOVE BECAUSE BY PUTTING THIS IN A GOOD FUNDED STATUS, UHHUH
SO OUR ADDITIONAL CONTRIBUTION WILL BE LESS.
SO IT'S A VERY, IT'S A GOOD DECISION.
THIS IS A ROUND THE APPLAUSE CHART.
I MEAN IT'S REALLY, REALLY, IT REALLY, REALLY IS.
AND THEN OF COURSE, TIER THREE, UM, REMAINS FUNDED AT A REALLY HIGH LEVEL.
AND FORTUNATELY WE DON'T HAVE TO DO ANYTHING TO KEEP THAT THERE.
THE SYSTEM IS MANAGED DIFFERENTLY.
SO I LOVE THIS CHART BECAUSE IT SHOWS THE RATES THAT WE'RE EXPECTED TO CONTRIBUTE EVERY YEAR.
AND YOU KNOW, OUR HIGHEST WAS 40 POINT ALMOST 6%.
NOW AFTER OUR LUMP SUM CONTRIBUTIONS, IT IS 9%.
YEAH, IT IS, IT IS REALLY GOOD.
AND IT'S, IT BUDGETARILY IT IS FANTASTIC BECAUSE WE HAVE LIKE, WE HAVE SOME ROOM TO DO OTHER THINGS.
DO YOU DO THIS REPORT TO THE COUNCIL FOR, FOR THE PUBLIC AND HEAR IT MORE? WE DO AGENDA COMPRESSIVE.
BECAUSE I THINK IT'S REALLY GOOD THAT PEOPLE UNDERSTAND THAT WE'RE MANAGING THOSE PENSIONS IN A WAY THAT'S SUSTAINABLE FOR THE CITY.
BECAUSE I KNOW PENSION IS ALWAYS KIND OF A, A SCARY THING, RIGHT? BECAUSE WE SAW PENSION PLANS FAIL, UM, PARTICULARLY IN THE NINETIES AND EARLY TWO THOUSANDS.
AND SOME STATE PENSION PLANS HAVE HAD TO BE REALLY REVAMPED IN ORDER TO ENSURE LONG-TERM SUSTAINABILITY.
AND SOME WENT AWAY ENTIRELY LIKE MICHIGAN.
UM, I DON'T KNOW THAT THAT WAS THE BEST DECISION MICHIGAN COULD HAVE MADE, BUT, YOU KNOW, I DON'T LIVE THERE.
BUT IT IS SORT OF A FRIGHTENING THING WHEN PEOPLE THINK THOSE ARE MY TAXPAYER DOLLARS AND I HAVE TO FUND SOMEBODY'S RETIREMENT.
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AND THE REALITY IS YOU GET A LOT MORE BANG FOR YOUR BUCK, IF YOU WILL, WITH A DEFINED BENEFIT PLAN.LIKE THIS IS WHERE WE SAY WE'RE GONNA PAY YOU THIS PERCENT OF YOUR PAYROLL, THEN DOING DEFINED CONTRIBUTION WHERE YOU END UP WITH THIS LUMP SUM OF MONEY THAT THEN YOU HAVE TO FIGURE OUT HOW WILL THIS MONEY SUSTAIN ME? AND THAT MONEY'S VALUE CAN GO UP AND DOWN WITH THE MARKET.
SO THERE ARE REALLY, REALLY GOOD THINGS ABOUT DEFINED BENEFIT PLANS, BUT THEY HAVE TO BE ACTIVELY MANAGED.
AND WHEN THEY'RE NOT, YOU END UP IN A REALLY BAD SPACE AND THEN YOU ARE BEING A POOR STEWARD OF TAXPAYER DOLLARS.
SO I, I THINK WE'RE VERY GOOD, ACTIVELY MANAGED AND REALISTICALLY FORECASTED.
YOU CAN'T BE, WE'RE GONNA GET 15% RETURN EVERY YEAR.
THAT'S PROBABLY NOT GONNA HAPPEN.
AND YOU, MOST PENSION PLANS ANTICIPATE ANYWHERE FROM LIKE SIX POINT HALF TO 7.5% IS THEIR USUAL RANGE FOR RATE OF RETURN.
UM, P-S-P-R-S CHANGES THEIR ANTICIPATED RATE OF RETURN FREQUENTLY, WHICH IS ACTUALLY KIND OF UNUSUAL.
I THINK IT'S VERY SMART BECAUSE IT, IT REFLECTS WHAT THEY PERCEIVE HAPPENING IN THE MARKET.
A LOT OF PLANS LIKE KEPT 7% LEVELS THROUGH THE RECESSION THROUGH ALL THESE THINGS, AND IT WAS MUCH TOO HIGH BECAUSE THE RATE OF RETURN WAS DROPPING DOWN, DOWN, DOWN.
SO THEN THESE PLANS BECAME LESS AND LESS SUSTAINABLE AND, YOU KNOW, THEY CAN RECOVER.
BUT IF YOU GO TOO LONG WITH A RATE OF RETURN THAT'S TOO HIGH, IT, IT REALLY IMPACTS THEN WHAT THE CITIES HAVE TO CONTRIBUTE.
SO I, I DO BELIEVE THAT ARIZONA DOES A GOOD JOB IN MANAGING THE PARTS OF THE PLAN THAT WE DON'T MANAGE.
SO HERE ARE OUR COVERED PERSONS IN TIER ONE AND TIER TWO.
UM, THIS JUST KIND OF TELLS YOU WHO'S DOING WHAT.
WE'VE GOT 19 RETIREES AND BENEFICIARIES.
12 ACTIVE, FIVE INACTIVE VESTED N ONE DROP, WHICH I CAN'T REMEMBER WHAT DROP STANDS FOR.
I DEFERRED RETIREMENT SOMETHING SOMETHING PLAN, YEAH.
AND THEY'RE NOT DROP STANDS WAS POPULAR FOR LIKE A BRIEF PERIOD WHERE THEY WERE LIKE, THIS IS A GREAT IDEA.
AND THEN, UM, MOST PLANS KIND OF FOUND THAT DROP PLANS ACTUALLY COST THEM MUCH MORE THAN THEY ANTICIPATED.
SO YOU DON'T REALLY SEE THEM ANYMORE.
I MEAN, YOU'LL SEE THEM IN A HISTORIC PLAN LIKE TIER ONE AND TIER TWO.
BUT LIKE NOW AFTER THE EXPERIENCE THAT DIFFERENT PLANS HAD WOULD DROP, YOU DON'T REALLY SEE 'EM ANYMORE 'CAUSE THEY'RE LIKE, WHOA, THAT WAS A LOT MORE EXPENSIVE THAN WE THOUGHT IT WOULD BE.
YOU'RE CURRENTLY NOT ELIGIBLE FOR TIER THREE.
I THINK TIER ONE AND TIER TWO CAN STILL OPT.
YEAH, YOU DEFINITELY DON'T SEE THEM ON IN TIER THREE.
UM, OH, AND THE, LET ME SEE IF I CAN GO BACK.
AND IN TIER THREE, WE HAVE NINE, NINE EMPLOYEES IN THAT.
SO OUR ACTIVE IS 12 IN TIER ONE AND TWO, AND THEN NINE IN TIER THREE.
SO ADDITIONAL INTEREST EARNINGS, AND THIS IS AN ESTIMATE, UM, AND IT DID TAKE ME A MINUTE TO FIGURE OUT HOW WE WERE COMING UP WITH THIS.
SO ESTIMATING THIS IS JUST, YOU KNOW, AS WE MAKE ADDITIONAL PAYMENTS, HOW MUCH ADDITIONAL INTEREST MIGHT THAT BE GETTING US TOWARDS OUR PLAN FUNDING? AND SINCE WE MADE SIGNIFICANT, UM, ADDITIONAL INVESTMENTS IN 23 AND 24, YOU SEE THE 38,000 AND THE 107, WHICH IS, YOU KNOW, I THINK THAT'S ABOUT RIGHT.
IS THIS ALSO DUE TO THE TIMING OF WHEN WE PAY? ABSOLUTELY.
YEAH, BECAUSE YOU'RE GONNA EARN, YOU KNOW, IT, IT REALLY VARIES.
WE PREPAY, WE KIND OF PAY EARLY, RIGHT? WE DO BECAUSE, AND IF WE HAD A, IF WE HAD A BAD INTEREST YEAR, THAT WOULD BITE US IN THE BUTT, BUT IT WOULD LIKE THE 17 FOUR NEGATIVE IN 22.
AS YOU KNOW, WE MADE OUR PAYMENT IN JULY AND I WOULD IMAGINE THAT THE EARNINGS WERE JUST LOWER THAT YEAR.
SO WE'RE OVERFUNDED AND I'M, I'M OF COURSE TALKING ONE AND TWO, UM, AND THE ADDITIONAL 1.2 MILLION PAYMENT THAT WE MADE IN FISCAL 25 IS NOT EVEN INCLUDED IN THAT OVERFUND.
SO WE'RE ACTUALLY MORE LIKE 2.6 OVERFUNDED, WHICH AWESOME.
I MEAN, YOU KNOW, GIVEN THEIR RATE OF RETURN RIGHT NOW, I THINK THAT'S FINE.
IF THEIR RATE OF RETURN WAS LOWER THAN WE WERE EARNING, I WOULD BE A LITTLE MORE SALTY ABOUT THE FACT THAT THEY DIDN'T GIVE US THE CORRECT NUMBERS.
BUT SINCE THEIR RATE OF RETURN IS REALLY GOOD, I, I THINK WE'RE IN GOOD SHAPE.
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UM, I THINK FOR FISCAL 26, WE SHOULD PROBABLY JUST MAKE THE REQUIRED MINIMAL CONTRIBUTION.UM, THAT'S AN ESTIMATE BASED ON THIS ACTUARIAL REPORT.
AND I DON'T KNOW THIS ACTUARIAL REPORT REALLY WELL YET BECAUSE THIS IS MY, MY FIRST TIME LOOKING AT IT AND WHILE I, I'M ACTUALLY ON THE, THE GOVERNMENT FINANCE OFFICERS ASSOCIATION COMMITTEE ON RETIREMENTS AND BENEFITS, SO I CAN READ ACTUARIALS, BUT THIS ONE, UM, THEY'RE ALL A LITTLE DIFFERENT.
SO I THINK THAT'S ABOUT RIGHT.
BUT IT COULD VARY, BUT IT'S A LOT LESS THAN OUR, OUR CONTRIBUTIONS HAVE BEEN ANNUALLY.
SO UPCOMING CHANGES, THE BOARD OF P-S-P-R-S UH, INCREASED THE RATES AGAIN.
LAST YEAR THEY WERE 6.9 AND 7% I BELIEVE, AND THEY'VE INCREASED THEM TO 7.1 AND 7.2.
SO, YOU KNOW, I THINK THAT REFLECTS THE FACT THAT THEY HAD EXPERIENCED OVER 10% THIS LAST YEAR.
UM, AND THEN AS WE DISCUSSED, WE'RE OVERFUNDED, UM, AND OUR CONTRIBUTION RATE CAME WAY DOWN FOR TIER ONE AND TWO.
SO THE PAYROLL GROWTH ASSUMPTION, THIS IS, THIS IS THE ONLY PIECE THAT A LITTLE BIT CONCERNS ME WITH THE BOARD IS BRINGING THAT ASSUMPTION DOWN TO 1.5%.
I, I JUST DON'T, I JUST DON'T SEE THAT BEING REALISTIC, BUT I'M NOT MAKING THOSE DECISIONS AND I'M NOT PRIVY TO THE DISCUSSION.
I COULD PROBABLY GO THROUGH THEIR MINUTES AND BE LIKE, OH, AND IT MAY ABSOLUTELY MAKES SENSE, BUT THAT'S THE PIECE THAT I WOULD KIND OF WATCH.
AND WE'VE GOT SOME ROOM TO WATCH IT.
WE HAVE, WE HAVE THAT IN THE FUTURE YEAR.
WE DON'T LIKE IT, IT HASN'T BEEN WORKING OUT FOR US THAT COULD FACTOR INTO A EXACTLY AN ADDITIONAL PAYMENT SCENARIO FOR US AGAIN, BUT FOR RIGHT NOW, I AGREE WITH YOU.
FOR RIGHT NOW IT'S JUST KEEPING AN EYE ON IT.
AND THEN OF COURSE, YOU KNOW, COUNCIL ADOPTED A POLICY TO PAY OFF THE UNFUNDED LIABILITY AND THAT'S DONE, YOU KNOW, FOR NOW AND OBVIOUSLY WE'LL INCUR ADDITIONAL UNFUNDED LIABILITY OVER THE YEARS, BUT IF WE ANNUALLY KEEP AN EYE ON IT, WE CAN STAY AT LEAST QUITE CLOSE TO A HUNDRED BECAUSE I FEEL LIKE THAT THE INCREASE IN THE COSTS ARE NOT GONNA BE SO HUGE THAT ONCE YOU'RE AT A HUNDRED AND SOME PERCENT FUNDED THAT YOU CAN'T STAY THERE UNLESS IT WAS SOME MASSIVE ECONOMIC CHANGE.
UM, BUT EVEN THEN, MOST OF THE TIME YOU HAVE LIKE PERIODS OF TIME OVER WHICH YOU CAN LIKE, YOU KNOW, SMOOTH THINGS OUT.
CERTAINLY SHOULDN'T BE LIKE THE MILLION DOLLARS AND PLUS WE'VE PUTTING IN EXACTLY.
THAT'S, THAT'S NO LONGER A THING.
WELL, I MEAN, JUST GIVES ME THE CHILLS AND JUST REALLY HAPPY THAT WE KEPT OUR NOSE TO THE GRINDSTONE AND ACTUALLY GOT THIS DONE.
THIS HAS BEEN A PROJECT OF MINE SINCE I GOT ON THIS BOARD BACK, GOD, I DON'T KNOW, BEFORE ME.
IT IS A BIG SIX OR SEVEN YEARS AGO
UM, TO SEE THE CITY REALLY ACTIVELY MANAGING IT IS, IT WAS NICE TO COME IN AND FIND THAT, YOU KNOW, IT IS ONE, ONE OF THE THINGS I LOOKED AT OBVIOUSLY BEFORE I GOT THE JOB AND I WAS LIKE, THIS IS REALLY WELL DONE.
YOU KNOW, IT'S NOT BEING DEFERRED, YOU KNOW, WE'LL TAKE CARE OF IT NEXT YEAR.
WE CAN DEAL WITH THAT IN, YOU KNOW, 2030.
THE CITY HAS, HAS MADE AN EFFORT TO REALLY BE AHEAD OF THE GAME AND YOU DON'T OFTEN SEE THAT.
ANY OTHER QUESTIONS, COMMENTS? NO.
THANK YOU FOR BEING HERE IN THE PRESENTATION.
ALRIGHT, WE'LL MOVE TO ITEM FIVE ON OUR AGENDA, WHICH IS, UH, DISCUSSION, POSSIBLE ACTION REGARDING THE APPROVAL OF OFFICER ROBERT JOYCE'S MEMBERSHIP INTO THE SEDONA POLICE DEPARTMENT PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM AS OF MARCH 13TH, 2025.
THE, UH, BOARD THE PACKET, UH, ALL THE NOTES STAFF REPORT IS IN THE PACKET ELECTRONICALLY ON PAGE FIVE.
I DON'T KNOW WHERE YOU'RE GONNA FIND IT IN THE PAPER PACKET.
IT IS, IT IS THERE, RIGHT? IT'S IN ORDER OF THE FOLLOWING ALONG.
ANY QUESTIONS ON THE, UH, STAFF REPORT? NO.
JAY, YOU STILL OUT THERE JUST CHECKING? YEP, STILL HERE.
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I MOVE TO APPROVE THE TIER THREE MEMBERSHIP OF OFFICER ROBERT JOYCE INTO THE SEDONA PD P-S-P-R-S WITH NOTED PRE-EXISTING CONDITIONS EFFECTIVE MARCH 13TH, 2025.IS THERE A SECOND OUT THERE? I'LL SECOND.
ANY COMMENTS ON THE MOTION? HEARING NONE ALL IN AGREEMENT SAY AYE.
ANY AGAINST SAY NAY? THERE IS NONE.
THAT WAS A UNANIMOUS MOTION TO ACCEPT OFFICER JOYCE INTO THE P-S-P-R-S.
CONGRATULATIONS OFFICER JOYCE.
NEXT ITEM, OUR AGENDA IS A DISCUSSION POSSIBLE ACTION REGARDING THE APPROVAL OF OFFICER ELIZABETH PEDRO'S MEMBERSHIP INTO THE SEDONA POLICE DEPARTMENT PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM AS OF MARCH 13TH, 2025.
STAFF REPORT IS IN THE PACKET.
ANY QUESTIONS ON THE STAFF REPORT? HEARING NONE, I'LL ACCEPT A MOTION.
ANYONE WANNA MOVE? I'LL READ IT.
UH, I'M MOVED TO APPROVE THE TIER THREE MEMBERSHIP OF OFFICER ELIZABETH PEDROZA INTO THE SEDONA PD PR P-S-P-R-S WITH NOTED PRE-EXISTING CONDITIONS EFFECTIVE MARCH 13TH, 2025.
IS THERE A SECOND? I'LL SECOND THERE, COREY.
ANY COMMENT ON THE MOTION? HEARING NONE ALL, UH, IN AGREEMENT WITH APPROVING THE MOTION.
THAT WAS, UH, UNANIMOUS APPROVAL FOR OFFICER PEDROZA INTO THE SEDONA P-S-P-R-S.
CONGRATULATIONS AND WELCOME ABOARD.
MOVING RIGHT THROUGH ITEM SEVEN, OUR AGENDA IS DISCUSSION POSSIBLE IDEAS FOR FUTURE MEETING AGENDA ITEMS. UH, BRENDA, DO YOU WANT TO YES, I DO HAVE A PHONE CALL SCHEDULED WITH, UM, DR.
WESLEY NEXT WEEK, UM, JUST TO KIND OF GO OVER HIS PROCESS AND PROCEDURE FOR REVIEWING THE PRE-EMPLOYMENT, PRE MEMBERSHIP PHYSICAL AND TO BE TALKING ABOUT BEING CONSISTENT WITH WHAT'S ON THE FORMS ALL THROUGHOUT A PACKET.
IT'S KIND OF CONSISTENT WITH THAT CONVERSATION.
WE HAD OUR LAST MEETING, UHHUH
SO, SO THEN DEPENDING ON MY FINDINGS WITH HIM, THEN IT WOULD MOST LIKELY BE AN AGENDIZED ITEM, UM, FOR THE NEXT MEETING.
UM, JUST TO KIND OF GO OVER WHAT, UM, INFORMATION I WAS ABLE TO GET FROM HIM.
ANYONE IN THE SYSTEM? DO WE HAVE OFFICERS IN? WE HAVE ONE IN, UM, ACADEMY, WHICH HE SHOULD GRADUATE.
UM, SO IT JUST STARTED, YEAH, IT JUST STARTED IN JANUARY.
SO, UM, ANTICIPATE POSSIBLY AT THIS POINT I DON'T HAVE ANYTHING NOTED FOR APRIL.
UM, MY ASSUMPTION WOULD BE THAT DISCUSSION ABOUT, UM, DR.
WESLEY WOULD BE NOT ITS OWN MEETING, IT WOULD BE ON SOMETHING WHERE WE ALREADY HAVE AN AGENDA.
UM, SO IF SOMETHING DOES COME UP, APRIL 3RD WOULD BE THE NEXT, AND THEN AFTER THAT IT WOULD BE, UM, JUNE IF NEED BE AND, OR THEN TO AUGUST DEPENDING ON WHEN GRADUATION IS, UM, FROM ACADEMY.
HOPEFULLY WE'LL BE A QUIET SPRING INTO SUMMER FOR US FOR THIS BOARD, SO, YES.
ANY OTHER, UH, COMMENTS OR QUESTIONS, ITEMS FOR FUTURE AGENDAS FROM OUR BOARD MEMBERS? SEEING NONE HERE, JAY, YOU GOOD? YEP, I'M GOOD.
I THINK THAT TAKES US TO ADJOURNMENT AT 1127.