Call to Order
The meeting was called to order at 11:00 am by Chairman Jerry Buzzard.
1. Roll Call
  
  Present: Chairman Jerry Buzzard, Trustee Carol Connerton, Trustee Erin Gardiner, Trustee Gary Mirata
  
  Absent: Trustee Rick Iverson
Public Comments
Consent Agenda
1. Approval of Minutes:
  September 17, 2024 Regular Monthly Board Meeting
  October 8, 2024 Special Board Meeting
  October 31, 2024 Special Board Meeting
2. Approval of Warrants/Claims - September & October 2024
Trustee Gary Mirata motioned to approve. Trustee Carol Connerton seconded the motion.

The motion passed with the following vote:
4 In Favor Opposed
Abstained 1 Absent Recused
Correspondence
Office Manager's Monthly Report
1. Financial statements presented for September & October 2024
  
  The financial statements for September & October 2024 were presented to the Board.
  At the October 8, 2024 special board meeting the board approved a motion to use LAIF as a reserve fund. Kornegay learned from contacting LAIF and the Savings Bank of Mendocino County that transferring funds between the two banks has fees of $10 to $30 per transaction. Kornegay contacted Stifel and discovered that they offer a smart rate savings account with about the same interest rate and funds are transferred free of charge via ACH. The smart rate savings account has a one-day liquidity.
  The District was under the impression that the LAIF account had been closed years ago. When Kornegay contacted LAIF it was discovered that the LAIF fund had not been closed that there is a balance of $308.52 in the account.
  As of October 22, 2024 the District has pulled all of their funds from the County of Mendocino.
  $23,468 is available in the endowment investment interest account and will be transferred to the SBMC general fund to cover the funds used to replace the main water line that was finished up in June. A total of $53,468 of the $68,115 will be transferred to cover the water line replacement.
2. Cemetery management software
  
  Kornegay and Perry have been researching cemetery software companies to replace the current program, Pontem. More information will be presented to the board at a future date.
Investment Committee Report
The Capital Projects account has been set up and funded. The funds were invested using a 5 year ladder plan.
The Stifel investment reports were presented to the Board for September and October 2024. The balance in the Stifel Endowment account as of October is $2,236,431,balance in the Stifel Endowment Interest account is $133,350 and the balance in the Stifel Capital Projects account is $797,071.
Grounds Foreman's Monthly Report
1. Burials for month and year to date
  
  Grounds Foreman Cooper reported that year to date burials are 43 full and 69 ash for a total of 112 burials. 2023 year to date burials were 43 full and 53 ash for a total of 96 burials.
2. Grounds maintenance
  
  The road and curb in Deer Park have been completed. All the lawns have been fertilized for winter.
Transfer Reserve Funds to Stifel Capital Projects Smart Rate Account
Update District's Rules and Regulations
Review and Update Investment Policy
1. Review and approve changes to the District's investment policy
  
  The new Capital Projects account was added to the Investment Policy.
  Trustee Erin Gardiner motioned to approve. Trustee Carol Connerton seconded the motion.
  
  The motion passed with the following vote:
  4 In Favor Opposed
  Abstained 1 Absent Recused
Annual Merit Pay to Employees
The board approved $800 merit pay to all employees.
Trustee Carol Connerton motioned to approve. Trustee Erin Gardiner seconded the motion.

The motion passed with the following vote:
4 In Favor Opposed
Abstained 1 Absent Recused
Trustees Discussions, Questions & Comments
Adjournment
Meeting Adjourned at 12:29 pm
Next Regular Meeting - December 17, 2024

Posted 8:11 pm on December 7, 2025