Approval of Board of Directors Meeting Minutes of April 29 and June 19, 2008

Reports from the Committee Chairs:  Audit Committee, Executive Committee, High Cost & Low Income Committee, Rural Health Care Committee, and Schools & Libraries Committee

Approval of 4th Quarter 2008 and Revised 2008 Annual USAC Common and Consolidated Budgets

Approval of 4th Quarter 2008 Revenue Projections for the August 29, 2008 Universal Service Fund Contribution Base Filing

Consideration of Proposed Litigation Settlement – Confidential & Proprietary – Executive Session Recommended

Consideration of Program-Specific USF Stakeholder Engagement Strategies
                           Same as aSL04, aRHC04, aHCLI05

Consideration of Banking and Investment Services Contract Award – Confidential & Proprietary – Executive Session Recommended

Consideration of Request to Reimburse a Board Member to Attend an Event Other Than a USAC Board or Committee Meeting or Event

Consideration of Exercise of Contract Option with PricewaterhouseCoopers LLP to Perform Part 54 Annual Audit – Confidential & Proprietary – Executive Session Recommended
                                       Same as aAC05cf

Consideration of Renewal of Project Management Services Contract to Support Round 3 of the FCC OIG USF Audit Program– Confidential & Proprietary – Executive Session Recommended

Miscellaneous.  Solicit Ideas for the July 2008 Board Meeting Agenda

Assistant Treasurer’s Report

External Relations Report

Bankruptcy and Litigation Matters Report

Disposition of Contributor Appeals

Quarterly Summary of Audit Reports Finalized at Programmatic and Executive Committee Meetings – Executive Session Option
                                 Same as iAC03

Acceptance of USAC 2007 Financial Audit and Agreed Upon Procedures Review
                                 Same as aAC02

Status Report on FCC Office of Inspector General USF Audit Program – Executive Session Option
                                 Same as iEC01, iAC01

Update on Procurement Matters – Confidential & Proprietary – Executive Session Recommended
                                 Same as iEC02cf

Rural Health Care Pilot Program Update
                                 Same as iRHC02

Mid-Year Report on USAC 2008 Objectives
                                Same as iEC03

FCC-USAC MOU Status Update – Confidential & Proprietary – Executive Session Recommended
                             Same as iEC04cf

• Request for Reimbursement of Board of Directors Expenses

• USAC Board Members Address List