I have one 58, so I'm going to introduce Bishop Rob and ask you to open us more prayer before before the meeting.

Thank you.

As this new year begins, we briefly pause to mark the significance of this moment.

This new year brings new opportunities to listen more carefully to think more clearly and to act with renewed purpose.

It invites us to look honestly at what has been entrusted to our care and to imagine what might yet be possible for those we serve.

And so we seal our hearts.

And we ask.

May the members of our board enter this year with openness to new ideas, deep truths, and to one another.

May they find the courage throughout their work this year to envision not only what is efficient or achievable, but what is just compassionate and life-giving for our community.

And as they do this work, may their deliberations be guided by wisdom, humility, and a shared commitment to the common good.

Amen.

Thank you, Bishop Rod.

And uh time that perfectly my watch says it's exactly 2 p.m.

Um and I'll do a call to order.

Um I guess technically trustee drummer.

Uh we haven't elected officers yet, but I don't think I guess I'm still doing until such a roll call as Trustee Drummer.

Present.

Trustee DeSett.

Present.

Trustee Annafee.

Present.

Trustee Horn.

Present.

Is online with us.

Uh Trustee O'Brien.

Present.

Trustee Lazar is present, and uh Trustee Dr.

Fish is absent today.

Um with that, I'm going to turn it over to Trustee Horn, who is the chair of nominating committee for the election of uh chair and vice chair.

Uh thank you, uh Zard.

Um as you may recall, um, our and I said I shared with you at our uh board meeting in November, our nominating um committee uh met and agreed to accept uh nominations for board chairperson and vice chairperson and uh through the uh through the end of December.

Um we did receive one nomination for chairperson, uh that was for uh Robert Lazar, and that uh nomination was forwarded uh to the other board members.

So at this point, I would like to uh make a motion that uh we elect uh Bob Lazard as chairperson uh for uh 2026.

So it's been moved and seconded.

You yeah, you're the second so uh trustee to set the second.

Uh is there any discussion before uh we we have a vote?

Not appearing, uh Trustee Drummer.

Trustee De Sett.

Yes, Trustee Annefi.

Aye, Trustee Horn.

Yes, Trustee O'Brien, yes, Trustee Lazard vote yes, and uh trustee Dr.

Fish is uh 6060 motion carries.

Trustee Horn.

I'll turn it back to you.

Yes.

Um I would like to uh nominate Trustee Drummer to serve as vice chairperson uh for uh 2026.

Is there a second?

Second.

It's been seconded again by Trustee De Sett.

Is there any discussion before we do a vote or anybody else want to nominate anyone else?

Hearing none, I'll simply do a roll call vote.

Uh trustee drummer.

Aye.

Trustee Du Set.

Yes.

Trustee Annafi.

Yes, Trustee O'Brien.

Yes.

Trustee Horn.

Yes.

Trustee Lazard votes yes.

Trustee Dr.

Fish is absent.

Motion carries 6-0.

Uh that brings us to the consent agenda, and there are a few items on the consent agenda.

The board minutes from November of 18 uh 2025, the memorandum of the executive session from November 18, 2025.

The memorandum of the executive session from November 18, 2025.

These materials are all in the report for its package.

The treasurer and CFO, the November and December 2025 cash disbursements, and then clinical privilege forms, one from the Department of Anesthesiology, and two the second from the Department of Pathology and Laboratory Services, as well as the medical staff appointments, reappointments, and changes of privileges.

Is there a motion to approve the consent agenda?

So moved.

Sorry.

It's been moved by Trustee Hannafee and seconded by Trustee O'Brien.

Is there any discussion or any questions about any of the items in the consent agenda?

Hearing none, uh do a roll call vote.

Vice Chair Person Dromer.

Aye.

Trustee DuSett.

Yes.

Trustee Hannafee.

Yes.

Trustee Horn.

Yes.

Trustee O'Brien.

Yes.

Trustee Lazarus.

Yes.

And Trustee Dr.

Vision.

Motion carry 6-0.

That brings us to resolution number 9-2025, the implementation of the five-year economic plan.

And I'm going to turn it over to our Health and Hospital Corporation, President and CEO, Paul Babcock.

Thank you, Mr.

Chair.

Happy year to all the trustees as well as all the staff here in attendance.

Last year we presented in November the strategic plan, five-year plan that we've been working on diligently for the last probably two and a half plus years.

And so with that said, you know, I want to thank everyone who's here that participated.

It was a lot of work, and I think we're going to find ourselves in a really great position over the next five years to continue the great work that we do at Hellton Hospital.

I'd also like to thank the four of Steamans here who helped us really get over the borough with that.

So with that said, Mr.

Chair, I would uh turn it back over to you and ask for a vote for approval and or answer any questions that are reporting.

Thank you.

Um thank you, Paul.

Um so at this point I would uh uh ask for a motion to approve resolution 9-2025 in the implementation of the five-year economic plan.

So moved by uh trustee O'Brien, seconded by Trustee Dusset.

Um are there any questions of our uh president CEO uh or uh Paul MATCOP or anyone else with regard to the uh uh the the five-year uh plan that we've had a couple of months to digest the information that was presented from back in November?

Yep, yes, um Trustee Carmen, go ahead.

Oh just like a short clarification.

Um the the five year plan did roll down to all of your department aides and um all the people that it will affect you know um down the channel.

Yes, so trustee driver, one of the great things I appreciate that question.

Um great things about this plan is that it was collaborative, so we work with all of the divisions, their leaders as well as their individual departments to come up with different metrics and the KPIs, so they all have had opportunity to participate um from Dr.

Harris, Dr.

Kane, Dr.

O'Donnell, um, ASCE, Julie White, and then on down to all of their teams.

Everyone's aware we're gonna then roll it out once from the lower local governors, most of the workers and what type of, you know, we always hear the positive of everybody in there.

What type of feedback were uh essentially criticism or negative criticism that you get as you roll it went through the uh mechanics and the metrics of one of the things that we heard um was ensuring that this wasn't some sort of top down, you know, HAC corporate is just in essence ramming the KPIs and different metrics down to the different divisions to get them to where we thought there should be.

This is a MI pinning a very organic process that we built up from the different divisions, not really creating in a sense what corporate thinks is where they should go, but where they think they can get.

So we heard that from the beginning trying to always be mindful of that throughout the course of the process.

Thank you.

Trustee Drummer, I might add in addition to what our president CEO said, at any time there are significant changes, there are always going to be questions about why do we have to change or why should so I think that we I believe the team tried to go through those changes and why, but those would be some reactions and comments that I would recall during during this process.

Any other questions?

Okay.

Do a roll call vote to uh approve uh resolution uh uh 9-2025 the implementation of the five-year economic plan.

Uh Vice Chairperson Drummer.

Aye.

Trustee Du Sett?

Yes.

Trustee Hannafee.

Aye.

Trustee Horn.

Aye.

Trustee O'Brien.

Aye.

Trustee Lazard votes yes, and again, trustee Dr.

Fish is absent.

Motion carries 6-0.

Um with that, uh, we're going to move to uh a report of our annual investment presented by uh uh James Simpson, who is our interim CFO and uh treasurer uh for Health and Hospital Board.

Thank you, Chair Willazard.

Uh starting on page 36 of the board packet, this is the the 2025 annual investment report for HHC.

We present this to the Marion County Board Finance on January 28th at 10 a.m.

Uh in the city county building route uh T 260.

This report is a requirement for Indiana Code 5-13-7-7.

And so we've I've included the current draft of this report with data through November 2025, so this board so our board is aware of the report that's going to go out later this month.

Um the report includes a listing of all financial institutions that HHC does business with, that's on page one of the report.

It includes our average monthly balance by account, that's on page three of the report.

The monthly interest and investment income by account, that's on page four.

It's kind of backwards, but on the second page is a summary of all of this data.

So you can see our monthly balances, the earnings, and then also calculates an interest rate.

We do also include the current investment policy for HHC as part of the report.

So I'll just you're you're I believe you're on page 40 of uh the 46 of the uh PDF that is in the war effects.

Correct.

Yeah, and then inside the report there are these page numbers.

Yeah, correct.

Thank you.

The summary reports, the summary points for the report.

What I would like to point out to the board is for January through November 2025, HHC average monthly balances were 1.4 billion.

This is compared to 1.3 billion in 2024.

So the slight uptick.

We earned 53.5 million year to date through November 2025 on interest earnings.

This is compared to 58.3 million for the same time period in 2024, which we expect a slight drop because the Federal Reserve, the federal funds rate did drop starting in uh August of 2024 at a high point of 5.5 down to 3.75 in December of 2025.

So our average interest rate that we we see through November 2025 is 3.86% compared to 4.81% in 2024.

And so this would conclude my report unless there's any questions for the board.

Do any board members have any questions about the information that uh the years uh on uh pages uh 36 through 40 on board effects hearing none?

Uh thank you for the uh information, James.

Uh appreciate the appreciate the report.

That brings us to uh uh the part of the meeting where we're asked if there was any unfinished business uh that any of the uh board members uh would like to discuss the chairman.

I I did want to point out we just had the elections, and at that time um you know you and Carl have done that when we do this again, and I want to tell you thanks.

I know this takes some effort.

I appreciate both uh trustee drummer and yourself taking time to take that lead to role because there is a lot more work to it than I have to do, and I appreciate that.

Um but seriously, that's uh stepping up, and I want to tell you thanks to both of you guys.

I won't speak for Mr.

Curley, but you're welcome.

Thank you, Thomas.

So that's actually I I will be uh since the election's over, I will be working with uh Michael Daniels and with our legal counsel to get a the committee assignments completed.

Uh and we'll give everybody a heads up that we are adding a couple of committees uh kind of based on the whole strategic plan uh and where we're going with that.

Um but I'll give that out to everybody in draft form so that you can see it and uh and let me know if there are any concerns or anything before when it becomes the official uh the official committee schedule and move forward.

Uh is there any new business to come before the work?

Hearing none, uh our next meeting date is Tuesday, February 17th, 2026.

And with that, I'll ask for a motion to adjourn.

So moved, and we are adjourned.

Thank you.