CALL TO

ORDER

The regular meeting of the Board of Trustees of the Oxnard Union High School District Retiree Health Benefits Trust was called to order by Board Chair Scott Lee at 2:00 p.m., March 24, 2006, in the Oxnard Union High School District Board Room, 309 South K Street, Oxnard, California 93030.

Trustees present:  Scott Lee, Wayne Edmonds, Jan Henry, Eric Ortega, and Roger Rice

Trustee absent:  Vicki Holmbom

Legal Counsel present:  Laura McAvoy (arrived at 2:45 p.m.)

Legal Counsel absent:  Anthony Trembley

Recording Secretary present:  Grace D. Tuazon.

Guests present:  Dr. Jody Dunlap, OUHSD Superintendent, Steven Gama, OUHSD Director-Risk Management, and other interested persons.

PLEDGE OF

ALLEGIANCE

Board Chair Lee led the Pledge of Allegiance.

ADOPTION OF AGENDA

On motion of Trustee Ortega, seconded by Trustee Rice and carried, the agenda was adopted, as presented.  Items were then considered in the order in which they appear in these minutes.

ADOPTION OF MINUTES

On motion of Trustee Edmonds, seconded by Trustee Ortega and carried, the minutes of the regular meeting of January 20, 2006, was approved, as presented.

AUDIENCE TO ADDRESS THE BOARD

None

APPROVAL OF INVOICES

Upon motion of Trustee Henry, seconded by Trustee Ortega and carried, invoice from Tolman & Wiker Insurance in the amount of $ 7,102.00 was approved for payment, as presented.

Upon motion of Trustee Rice, seconded by Trustee Ortega and carried, invoice from Canterbury Consulting in the amount of $ 5,990.00 was approved for payment, as presented.

Upon motion of Trustee Edmonds, seconded by Trustee Henry and carried, invoice from Musick, Peeler & Garrett LLP in the amount of $ 2,102.60 was approved for payment, as presented.

Upon motion of Trustee Rice, seconded by Trustee Henry and carried, invoice from Nordman, Cormany, Hair & Compton in the amount of $ 176.80 was approved for payment, as presented.

APPROVAL OF CONTRIBUTION LETTER

Upon motion of Trustee Rice, seconded by Trustee Holmbolm and carried, letter requesting new contributions, to the Trust from Oxnard Federation of Teachers and Oxnard Union High School District, subject to agreed upon contribution amount during the budget meeting, was approved, as presented.

INFORMATIONAL ITEMS

Medicare Part D

Steven Gama, Director of Risk Management reported that a follow-up questionnaire was sent out to retirees.  Trustee Rice added that the district entered into a side letter agreement to utilize monies received to fund the Retiree Benefits Trust.

INFORMATIONAL ITEMS (Continued)

Actuarial Report

Retiree Count

CSEBO

City National Bank

Open Comments

Steven Gama has attempted to get in touch with Bruce Dane of Deloitte, to no avail.  Mr. Gama has asked Randy Winton to follow-up with Mr. Dane.  Mr. Rice will send trustees with a copy of the most recent actuarial study.

Steven Gama reported that for the month of February, 2006, the total Medical Benefits enrollment are as follows:  Active: 1,066 (HMO: 611/PPO: 455), Retiree: 443 (HMO: 31/PPO: 412). 

Trustee Rice requested the report to reflect a count of Retiree “Eligible” and Retiree “Ineligible”.

Steven Gama, Director of Risk Management, reported that as of January 31, 2006, the Estimated Income and Expense Report of the Coastal Schools Employee Benefits Organization (CSEBO) balances are as follows:  Select Care Medical - $ 2,479,397.64; Dental - $ 148,528.04; Medical Eye Services - $ 183,830.50.

Board Chair Lee reported that as of February 28, 2006, the City National Bank Investments account shows an ending balance of $ 23,876,739.06.  Board Chair Lee also reported that as of February 28, 2006, the City National Bank Money Market account shows an ending balance of $ 41,805.02.

Trustee Ortega voiced his concern on the Actuarial.  He will work with Trustees Rice and Henry on the list of “Retiree Election.”

Trustee Henry made a recommendation for Chair Lee to contact Counsel Trembley regarding a GASB filing requirement that is due on July 1, 2006. 

ITEMS FOR FUTURE CONSIDERATION

A.     Medicare Update

B.     Retirees Count Update

C.     Actuarial Report Update

D.    Michael Laven, Canterbury Consulting

FUTURE MEETINGS

Friday, May 12, 2006 – 2:00 p.m., in the Oxnard Union High School District Board Room

PUBLIC COMMENTS

REGARDINGCLOSED SESSION ITEM

There were no public comments.

CLOSED SESSION

Board Chair Lee announced the Board was going into closed session to discuss confidential materials relating to:

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

RECONVENE IN PUBLIC:  REPORT

OF CLOSED SESSION ACTION

The Board reconvened in open session at 3:40 p.m., and announced that no action had been taken.

ADJOURNMENT

There being no further items of business, Board Chair Lee adjourned the meeting at 3:42 p.m.