I. Call to Order

II. Roll Call

III. Approval of Minutes
      April 20, 2011 (p. 2)

IV. Investment Overview (pp. 3 - 8)
      Calvin Kubota, Investment Officer, will present information on the CBJ’s investments and investment policy. A copy of the presentation is included in the packet.

V. Property Assessment Overview (pp. 9 - 15)
     Robin Potter, Assessor, will present information on the assessment process. A copy of the presentation is included in the packet.

VI. Unfunded PERS and TRS Liability (pp. 16 - 19)
      Craig Duncan, Finance Director, will present information on the CBJ’s unfunded PERS and TRS liability. A copy of the presentation is included in the packet.

VII. Bonded Indebtedness (pp. 20 - 21)
        Craig Duncan, Finance Director, will give a short presentation on the CBJ’s debt and debt capacity. A copy of the presentation is included in the packet.

VIII. Information Items

• Pending Items List (p. 22)
• AFC Meeting Schedule for the FY12 Revised Budget (pp. 23 -24)

IX. Adjournment