OXNARD UNION HIGH SCHOOL DISTRICT
RETIREE HEALTH BENEFITS TRUST

ANNUAL BOARD MEETING [ARTICLE 7.1, TRUST AGREEMENT]
AGENDA
December 14, 2007
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.

1. OFFICIAL OPENING OF MEETING
2. PLEDGE OF ALLEGIANCE
3. ACKNOWLEDGEMENT OF INCOMING CHAIR
4. ADOPTION OF AGENDA
5. MINUTES
6. 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.

ACTION ITEMS

1. Consideration of Approval of 2007-08 Annual Budget
2. Ratification of Approval of Letter of Engagement with Vance, Thrift & Biller LLP for Income Tax Services
3. Ratification of Approval of 2006 Federal Return of Organization Exempt From Income Tax Form 990 and 2006 California Exempt Organization Annual Information Return Form 199
4. Ratification of Payment of Invoices
   1. Nordman, Cormany, Hair & Compton (Invoice #(s): 193217) - $ 400.00
   2. Vance, Thrift & Biller LLP (Invoice #(s): 34111) - $ 1,190.00
   3. Musick, Peeler & Garrett LLP (Invoice #(s): 166690) - $ 27.50
   4. Canterbury Consulting (Invoice #(s): 11932) - $ 7,139.00
   5. Franchise Tax Board - $10.00
5. Consideration of Approval of Payment of Invoices
   1. Allplaces (Invoice #(s): 43) - $ 75.00
   2. Musick, Peeler & Garrett LLP (Invoice #(s): 166690) - $ 275.00
   3. Nordman, Cormany, Hair & Compton (Invoice #(s): 195657) - $ 320.00

VIII. INFORMATION ITEMS

1. Medicare D Supplement Update
2. Correspondence
3. CSEBO Medical, Dental and/or Vision Income & Expense Report: S. Gama
4. City National Bank Investments: November, 2007
5. City National Bank Money Market Investment: November, 2007
6. Presentation of Trust’s Financial Statements Dated June 30, 2007 and September 30, 2007
7. Trust Investments: Michael Laven, Canterbury Consulting, Inc.
8. Open Comments

IX. ITEMS FOR FUTURE CONSIDERATION

X. FUTURE MEETINGS

XI. ADJOURNMENT