Thank you. Thank you. Thank you. Thank you. I'll ask Chad Hancock to come up. Good morning. Good morning. You should have in your packet the various reports comparing fiduciary net assets across several months, since we did not have a meeting in June, as well as the fund reconciliation and bank account statements. The balance of the fund as of this morning is $1,135,263,660.09, which compares to last month, $1,101,592,928.09. I would also like to point out that we do not have a transfer authorization letter for July because we have started a new fiscal year. And therefore, we have to have payroll accruals that will go back to June. So it will be August, and we will have a June amount and a July amount. But I would also like to point out that this year, July is a three-payroll month. So the accrual amount for July normally is a bigger number because so much of the payroll from June that hits in July is pulled back to June. So this year it will look a little better for us. Just to point out so you can have that ready for you in August. So, Chad, the letter today is advising for May and June. That was June, but that was May's payroll. I see. Yeah. So we will have the July next. In August, we'll have a June amount and a July amount as well. All right. Very good. All right. Well, we do need a motion to approve this one as well as the manager mix. Motion to accept the report and approve the June transfer letter. Second. All right. Thank you. Are there any further questions? All right. All those in favor? Say aye. Aye. Is anyone opposed? All right. That motion passes. Thank you so much. And could you stick around just for another second? Uh-oh. What are you doing now? I'm a little nervous. I would never do anything bad to you. Let's see. All right. This is a surprise. Yes, it is. So we love good surprises, right? I guess, yeah. So Chad is celebrating 25 years of service to the Lexington Fayette Urban County government. And first of all, I want to thank you for your many years of service. That's a long time. It's a long time. That's a quarter of a century. A day. So I have a proclamation I'd like to read and present to Chad. And then if you want to say anything that you haven't said already, we'll do that after this. So here's how it goes. Whereas Chad Hancock has faithfully served the Lexington Fayette Urban County government for 25 years, and whereas Chad is a valued member of the Department of Finance, And whereas throughout much of his career with LFUCG, Chad has worked closely with the Police and Fire Pension Fund Board. And whereas through every market downturn and economic uncertainty, and you've had a few in 25 years, Chad has weathered each storm with steady judgment and professionalism. And whereas Chad has never lost sight of the importance of sound financial stewardship and protecting the public's trust, and whereas the finance department is richer not only financially, but also in wisdom, humor, and institutional knowledge because of Chad's dedicated service, and whereas we thank Chad for his many contributions to our government and to our community, Now, therefore, I, Linda Gorton, mayor of Lexington, do hereby declare July 8, 2026 Chad Hancock Day in Lexington. Thank you so much. Thank you. Yes. Appreciate it. Do you want to say a few words? I'll say one thing. I'll say one thing. Okay. The only thing I will say is when I started doing this fund in 2006, the fund was at $200 million. And Tommy and some of you who have been here a while know, now I just gave you the number. So that's not too bad. Pretty good. And I had a small piece to do with that. I can't control the market, but we can control a little bit of the timing of how we pull our money out and when we put it in. So thank you. Could we get the board members to stand up and come together and we'll get a picture with you if you don't mind. Bring your proclamation. You're the mayor. Thank you. And when you started, you weren't wearing glasses. Yeah. Pictures or it didn't happen. All right. Thank you all so much. Now, we have the minutes for May. If I could have a motion to approve. There is a typo. Okay. Why don't we get the motion first? Could I have a motion? No move. Second. Thank you. And now, corrections, additions. Susan? At the very bottom of page two, second line from the bottom, it should be MFR instead of MRF. Just transpose the letters. Yeah. All right. And are there other corrections or additions? All right, seeing none. All those in favor of approving the amended minutes, please say aye. Aye. Is anyone opposed? All right, that motion passes. Thank you very much. And I'll ask Susan to roll us through new business, if you will, please. Yes, Mayor. Item number one is military purchase for Weston Wilhelm. I need a motion to approve. Is there a motion? So moved. All right. Second. Thank you. Any questions? All those in favor, please say aye. Aye. Aye. Anyone opposed? All right, that motion passes. Item number two is widow's annuity for Janice Vaughn. I need a motion to approve. Could I hear a motion? So moved. Second. Thank you. Are there any questions? All those in favor, say aye. Aye. Is anyone opposed? All right, that motion passes. Item number three, rules and regs. I brought this on for the agenda. We are updating in our rules and regs. You will see it in the packet where item number C1I, it's in red. What I'm asking for is just a clarification or a more detailed of how we pay our pensioners, which is we always pay them on the 15th day of the month. If it falls on a Saturday or Sunday, we pay them on the Friday before. So I'm making that statement a little bit more detailed. Okay, and that's your practice right now anyway. That is our current practice. Yes, ma'am. Okay. Well, I will ask if there's a motion to make that change, please. So moved. Second. All right, we have a motion and a second. And is there any discussion? kind of makes common sense, doesn't it? Yeah. It just needs to be a little bit more detailed. Okay. All right. All those in favor, please say aye. Aye. Is anyone opposed? All right. That motion passes. Thank you. Item number four is an update on the Northern Trust CPPA that Callan brought to us last month. and it actually was resolved immediately after the board meeting in May. So they're going to be doing the updating on the pricing and they're not going to charge us. So that is just an update. Does anybody have questions about that? That's a good news. Yes. All right. Thank you. Item number five, it should say disbursements for July, not May. They're listed on your agenda. I need a motion to approve. Do I hear a motion? So moved. Thank you. Second. All right. We have a motion and a second. Any questions about this? All those in favor, please say aye. Aye. Is anyone opposed? All right. That motion passes. Next is service retirements. We have Captain McHale Johnson, Division of Fire, service retirement effective May 26, 2026. And we also have firefighter Justin Myatt, Division of Fire, Service Retirement Effective June 3, 2026. I need a motion to approve. Do I hear it? All right. Is there a second? All right. We have a motion and a second. Are there any questions? All those in favor, say aye. Aye. Is anyone opposed? All right. That motion passes. Thank you. I'm going to add the next four, which are disabilities together. They're all for the fire department. We have Scott Marshall, Division of Fire, application to convert an existing service retirement to total and permanent occupational disability. We have Brian Mosko, Division of Fire, application to convert an existing service retirement to a total and permanent occupational disability. Mark Rogers, Division of Fire, application to convert an existing service retirement to a total and permanent occupational disability. Adam Sorrell, Division of Fire, application to convert an existing service retirement to a total and permanent occupational disability. I need a motion to send to appropriate doctors. So moved. All right, we have a motion and a second. And are there any questions? All right, seeing none, all those in favor say aye. Aye. Is anyone opposed? All right, that motion passes. Thank you. Next on the agenda is Derek Desimone, Division of Fire. Medical reports are completed and distributed. I need a motion, please. Make a motion to approve and set the appropriate rate. Okay, thank you very much. Any questions? All those in favor, please say aye. Aye. Is anyone opposed? All right, that motion passes. Thank you. Next on the agenda are tributes. We have Carol Sally, widow of John Sally, Division of Fire, passed away on April 27, 2026. David Dean, Division of Fire, passed away on May 16, 2026. Rita Shelley, widow of Cloyd Shelley, Division of Fire, passed away on June 9, 2026. Don Spann, Division of Fire, passed away on June 19, 2026. John Potts, Division of Police, passed away on June 28, 2026. Thank you very much. Before we go on to our subcommittees, does anyone have any comments? Chief Wells. Thank you, Mayor. Before I get into the tributes, I also want to take just an opportunity to thank Captain McQuell Johnson and Firefighter Justin Myatt for their service. I did have the opportunity to work with both of these gentlemen and we're grateful for their service, as well as Firefighter Derek Desimone. Regarding the tributes, we would like to extend our condolences to the Sally, the Shelly, and the Potts families on those losses. Additionally, firefighter Don Spann passed away. He served the Division of Fire from August of 1967 to July of 1994, left off of Engine 17. And there's certainly a lot of good stories about Don Spann. And then Lieutenant David Dean with the division passed away. I did have the opportunity to serve at the same station on a different platoon as Lieutenant Dean. He served from October of 1989 to November of 2014 and rode a lot of different companies. I remember him from Ladder 6 and Engine 16, but he was also a paramedic, wrote a couple of different EC units and left off of Engine 22 in charge of that company. So our condolences to all of the families. Yes, thank you very much for that. Anyone else? Chief Weathers? I'd like to offer condolences and sympathies to the losses experienced by our brethren and sisters and our families. and also just to recognize Captain John Potts for his service with the police department. And at the time, he was head of our communications unit where we had our dispatches, and I think he poured his heart and soul into that, and we appreciate that. So, thank you. Thank you. Anyone else? Thank you, ma'am. Yes. I don't know. Unfortunately, I had the pleasure of knowing or working with all of the people who passed away. Worked with John Sally, new Carol Sally, new David Dean, new Floyd Shelley, new Don Spann, and new John Potts at the Division of Police. My condolences to all the families. Thank you very much. Anyone else? Tommy? Yes. I didn't work with John much. I knew him. Unfortunately, I did not know his widow, but she was part of our retiree family, as all of them were, so we have our condolences. John Potts. Worked with John quite a bit. John was probably one of the driest people I have ever met and one of the most intelligent, too. and he was a great commander and he will be missed. They all will. Thank you. Thank you. Anyone else? I would like to add my voice to the comments. First of all, on the tributes with our families who were either fire or police, It's such an honorable profession and takes so much dedication every single day without ever knowing what's going to happen during the day. And so I offer my sympathies to these families and appreciate their service. And speaking of service, I want to thank Captain Johnson and Firefighter Myatt for their service and wish them a really, really good, joyful, peaceful retirement. Thank you. Now, we do have some subcommittee updates. Mr. Puckett, it seems like they're all yours. Okay, under the continuation of benefits subcommittee, we have no complaints, so that's always a good thing. Legislative subcommittee, we are meeting at about 945, and hopefully we can start finalizing some stuff. I am also requesting that we perform our experience study a year earlier than normal. The reason being is once we finalize these legislative possible changes, we're going to be needing to send that to the actuary, and we just want to get the best updates that we can get on cost and so forth. So I am making a motion that we perform the experience study at this time. Is there a second? Second. Commissioner Hensley seconds. Are there questions about this? It's my understanding that will allow this information to go to the actuarial study. Is that correct? Yes. Okay. Anything at all? All right. All those in favor, say aye. Aye. Is anyone opposed? All right. That motion passes. Thank you very much. Lieutenant Abel? I have nothing to report. Okay. Very good. Thank you. Is there anything else that brings us to the end of our agenda for the good of the board? Commissioner Hensley. Mayor, a few of the members and I have been talking in between meetings, and it's been a while since we've had a financial training. We provide a lot of financial information in the packet, and it's been a while since we've updated all of our members kind of through this body on how to read the information that we give out. And so I would like to move that we provide a training at the August meeting on the information that we provide so that our members, both present and that might be watching, can kind of have a better understanding of how the fund works overall and how it interacts with the general fund and the government as a whole. Okay, very good. Is there a second? Yes. All right. Any discussion? I think that's a great idea. Some of us have been doing it a long time without training. Some of us have been doing it a very long time. Some of us have been doing it a very long time. Some of us medium term. I think it would be good to get a refresher. Yes, a good refresher. All right. All those in favor, please say aye. Aye. Is anyone opposed? All right. That motion passes. Is there anything else? Thank you. All right. We've had a good meeting. I'll ask for a motion to adjourn. So moved. Thank you. All those in favor, please say aye. Aye. Well, if you want to adjourn. We are adjourned. Thank you all for attending. I'm sorry. Thank you. To reason away I wish love can come Love can go To be All I want It's always better than nothing Better than nothing Nothing at all You don't know me, but I'm your brother I was raised here in this living hell You don't know my kind in your world Very soon the time will tell You Telling me the things you're gonna do for me I ain't blind and I don't like what I think I see Taking it to the street No more need for me Take this message to my brother You will find him everywhere Wherever people live together Tired in poverty's despair Oh, you Telling me the things you're gonna do for me I ain't fine and I don't like what I think I see Taking it to the street Now my only brother Taking it to the street Taking it to the street Taking it, taking it Taking it to the street No more need for a hike Taking it to the street Oh, now Taking it to the street Taking it to the street Taking it to the street Thank you. Oh yeah Taking it to the street Taking it to the street You're just dancing over Taking it to the street Oh no Taking it to the street Taking it, taking it Taking it to the street Oh yeah Taking it to the Taking it to the street No more people No more people Take it to the street Take it to the street Take it to the street Take it to the street Take it to the street Take it to the street Take it to the street I'm alright Nobody worry about me Why you got to give me a fight? Can't you just let it be? I'm alright Don't nobody worry about me You got to give me a fight Why don't you just let me be? Do what you like Do it in the next league But if it's too easy You're gonna disagree It's your life But isn't it a mystery? If it's nobody's building Cause everybody's game Oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no You got to give me a bite Why don't you just let me be Who do you want? Who you gonna be tonight? And who is it real? Make it up your mind You wanna listen to the man Pay attention to the magistrate And while I got you in the mood Listen to you Oh, heart beating. Oh, heart beating. Oh, heart beating. Oh, heart beating. Oh, heart beating. Don't wanna get you moving. Oh, baby. You make me feel good. Oh, I'll sit in the rain. Give it up. Give it up. Don't. I'm, I'm all right. I'm all right. Nobody, nobody, nobody. Why you got to give me a bite? Can't you just let it be? I'm alright Don't nobody worry about me You got to give me a bite Why don't you just let me be? I'm alright Nobody worry about me Why you got to give me a bite? Can't you just let it be? I'm alright, I'm alright, I'm alright, just let me be. I'm alright, I'm alright, I'm alright, just let me be. Thank you. I'm not alone. in bed, holding you close in my dreams. Thinking about all the things that we said, and coming apart at the seams. We tried to talk it over, but the words come out to run. I know you were trying to give me the best of your love Beautiful faces, loud empty places Look at the way that we live Wasting our time on cheap talking wine Left us so little to give That same old crowd Was like a cold dark cloud That we could never rise above But here in my heart I give you the best of my love Oh, sweet darling You get the best of my love You get the best of my love Oh, sweet darling You get the best of my love You get the best of my love I'm going back in time It was a quiet night and I would be all right if I could go on sleeping. But every morning I wake up and worry what's going to happen today. You see it your way, I see it mine But we both see it slipping away You know we always had each other, baby I guess that wasn't enough But here in my heart I give you the best of my love. Oh, sweet darling, you get the best of my love. The best of my love. Sweet darling, you get the best of my love. The best of all, sweet dog Every night and day You get the best of my love The best of all, sweet dog You get the best of my love The best of all, sweet dog You get the best of my love You get the best of my love, the best of my love, sweet darling. You get the best of my love, the best of my love, sweet darling. Tell me, have you ever wanted someone so much it hurts? Your lips keep trying to speak, but you just can't find the words. Well, I had this dream once, I had it in my head She was the purest beauty, but not the common kind She had a way about her, and made you feel alive And for a moment, you made the world stand still Yeah, we All the night You had me dim the lights You danced just like a child The one stood on the dress And all you did was smile Yeah, it was perfect I hold it in my mind Yeah, we All the night Oh yeah When the summer rolls around And the sun starts sinking down I still remember you Oh, I remember you And I wonder where you are Are you looking at those same stars again Do you remember when We woke under a blanket Hopped tangled up in the skin Not knowing in that moment We'd never speak again