REGULAR BOARD MEETING

AGENDA

January 20, 2006
2:00 P.M.

OXNARD UNION HIGH SCHOOL DISTRICT

BOARD ROOM

220 South ‘K’ Street, Oxnard, California 93030

The Benefit Trust was established as a cooperative organization between The Oxnard Federation of Teachers (OFT) and the Oxnard Union High School District (OUHSD). The mission of the Trust is to oversee and direct efforts in order to maintain the best health benefits program affordable for active and retired employees of the OUHSD.

I. OFFICIAL OPENING OF MEETING

II. PLEDGE OF ALLEGIANCE

III. ADOPTION OF AGENDA

IV. MINUTES

V. AUDIENCE TO ADDRESS THE BOARD
Those persons wishing to address the Board may do so at this time. Individual presentations are limited to three (3) minutes each, or in the case of a group of people speaking on a specific item, ten (10) minutes will be permitted.

VI. ACTION ITEMS

1. Consideration of Approval of Invoices and/or Bills

A. Allplaces (Invoice #(s): 11) - $250.00
B. Nordman, Cormany, Hair & Compton (Invoice #(s): 167958, 169060, 169903) – $ 666.40
C. Musick, Peeler & Garrett LLP (Invoice # 137780 & 139338) - $ 3,430.70
D. Vance, Thrift & Biller LLP (Invoice # 29363) - $ 675.00

2. Consideration of Approval of Letter Requesting New Contributions to Trust From OFT and OUHSD

3. Consideration of Approval of Portfolio Reallocation

VII. INFORMATION ITEMS

1. Investment Performance Review: Michael Lavin Canterbury Consulting, Inc.
2. Correspondence
3. OUHSDRHBT Website Update
4. Actuarial Report Update
5. Retiree Count Update
6. Financial Statements Dated September 30, 2005
7. CSEBO Medical, Dental and/or Vision Estimated Income & Expense Report Period Ending September - November 2005
8. City National Bank Investments: October - December 2005
9. City National Bank Money Market Investment: September – December 2005
10. Open Comments

VIII. PUBLIC COMMENT ON CLOSED SESSION ITEMS
Any member of the public may address the Board concerning a Closed Session item. Each individual speaker will be allowed three (3) minutes to speak, or in the case of a group of people speaking on a specific item, ten (10) minutes will be permitted.

IX. CLOSED SESSION
During this time, the Board may adjourn to Closed Session to discuss confidential material relating to the item(s) listed below.

1. Conference With Legal Counsel--Potential Litigation; Significant Exposure To Litigation Pursuant to Government Code Section 54956.9(b): 1 case (PVSD Unification)

X. RECONVENE IN OPEN SESSION: REPORT OF CLOSED SESSION ACTION

XI. ITEMS FOR FUTURE CONSIDERATION

XII. FUTURE MEETINGS

XIII. ADJOURNMENT

Posted: 01/17/06

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