Carbon County's retirement fund dipped very slightly between June and July, but is healthy.

The fund was at $74.6 million as of June 31 and at $74.5 million as of July 31, according to figures released at a Retirement Board meeting Thursday by Controller Robert Crampsie.The board also heard from CS McKee Investment Manager Mark R. Gensheimer, who reported that Carbon County's portfolio is holding steady in light of a relatively flat market, and that the county's Starbucks and Disney stocks are doing well.Gensheimer said his firm is shifting away from stock in energy exploration and more toward refining, and has purchased for the county stock in a company that makes cell phone apps and another that handles government health care.In other matters, the board reluctantly agreed to pay The Hay Group $2,000 to handle preparations and the application for an Internal Revenue Service determination letter.The IRS also charges a $2,500 filing fee for the letter.The Hay Group updates the county's retirement plan, then prepares the application, Crampsie said."They are the ones who respond to the IRS if it has any questions," he said.The county is required to provide such a letter every five years to prove it has complied with the federal agency's rules.The requirement has traditionally been for entities other than county government, but that changed several years ago.Crampsie said he had initially thought the letter, which the county provided in 2011, was a "once and done deal," and was dismayed to learn it must be sent every five years.