This joint meeting of the Board of Participants and Board of Trustees will consider the following agenda items: 1. CALL TO ORDER/ROLL CALL 2. GUEST INTRODUCTIONS 3. BUSINESS ADMINISTRATION a. Minutes of October 28, 2009 board meeting b. Economic update and portfolio structure c. Fourth quarter unaudited financial report d. 2010 Budget 4. BUSINESS ITEMS a. Board of Participants to consider Resolution 2010-1 increasing the number of members of the Board of Trustees and electing trustees b. Participant elections for the Board of Trustees c. Appointment to open board seats 5. STAFF REPORTS a. The Reserve and Credit Watch update b. Marketing c. 2009 audit status 6. SET NEXT MEETING DATE/ADJOURNMENT a. Future meeting dates.