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Michigan Professional Insurance Authority approves FY2027 budget, accepts DFIS audit and elects Bob Mulder vice chair
Summary
At its May 20 meeting in Grand Haven, the Michigan Professional Insurance Authority unanimously approved the FY2027 budget with a $22,000 risk management consulting fee, accepted the DFIS report of examination and management letter, approved insurance renewals and coverage documents, and elected Bob Mulder vice chair/treasurer.
The Michigan Professional Insurance Authority met May 20, 2026, in Grand Haven and took a series of unanimous actions including approval of the fiscal year 2027 budget, acceptance of an audit report, and an internal leadership appointment.
Director Cooney moved and Director Westbrook supported approval of the amended FY2027 budget after removing mid‑term changes and setting the total risk management consulting fee at $22,000; the motion carried unanimously. The budget action was presented during the finance portion of the meeting and reflects the board’s FY2027 spending plan as recorded in the minutes.
Director Cooney then moved and Director Westbrook supported a motion to review and accept the DFIS report of examination, the accompanying management letter, and the plan of compliance; that motion carried unanimously. The minutes record the acceptance of the DFIS materials as a formal board action.
The board approved the insurance renewals as presented after a motion from Director Cooney and a second from Director Boatright; the motion carried unanimously. Director Boatright also moved and Director Cooney supported approval of the memorandum of coverage and rider 1; that motion carried unanimously.
On leadership and administrative matters, Director Boatright moved and Director Cooney supported electing Bob Mulder as Vice Chair/Treasurer; the motion carried unanimously. Director Cooney moved and Director Westbrook supported authorizing Bob Mulder as a Bank of Indianapolis signer; the motion carried unanimously.
Andrew Khosrofian of Diamond Capital Management provided an investment review for the board as an informational item, and City of Zeeland Assistant City Manager/Finance Director Kevin Plockmeyer provided a day‑to‑day operations review. The board received and filed the financial statements on a motion by Director Boatright, supported by Director Westbrook; that motion carried unanimously.
The meeting was called to order at 1:00 p.m. and adjourned at 2:37 p.m. The next meeting is scheduled for Wednesday, October 7, 2026, at 1:00 p.m. in Zeeland. The minutes were respectfully submitted by Rob Shelley, Secretary to the Board (by Danielle Martin).
