The Retirement Board May Discuss and Take Action on the Following:

1. Pledge of Allegiance.
2. Accept comments from the public.
3. Approve minutes from the August 10 and August 17, 2011 meetings.
4. Review of total portfolio performance including:
   1. Consideration of any managers already under review or to be placed under review.
   2. Consideration of any changes in allocations to managers.
5. Consider and take possible action on staff recommendation regarding Real Estate allocation.
6. Review of Administrative Budget vs. Actual through June 30, 2011.

Closed Session

7. The Board will go into closed session under Gov. Code Section 54956.9(b).

Open Session

8. Consider authorizing the attendance of Board and/or staff:
   1. Fall Conference, CRCEA, October 24 – 26, 2011, Santa Rosa, CA.
   2. Investor Conference, Paladin, October 5, 2011, Washington, D.C.
   3. Investor Conference, Carpenter Community BancFunds, November 3 – 4, 2011, Laguna Beach, CA.
   4. Fall Conference, SACRS, November 15 – 18, 2011, Costa Mesa, CA.
   5. Annual Partners Meeting, Fidelity Real Estate, October 26 – 27, 2011, Chicago, IL (note conflict with Board meeting).
   6. Client Conference, Invesco, November 8 – 10, 2011, La Jolla, CA (note conflict with Board meeting).
9. Miscellaneous
   1. Staff Report
   2. Outside Professionals’ Report
   3. Trustees’ comments