-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AT6RzoxojzGO9tiVHAjvF/VsHOpJcvKRuGtP4CS5Vq3TjHnCQTSpIXiJ4FPS8u6R aLNuJmi2QoR92WrVWnskQw== 0001162044-07-000508.txt : 20070830 0001162044-07-000508.hdr.sgml : 20070830 20070830140210 ACCESSION NUMBER: 0001162044-07-000508 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070830 DATE AS OF CHANGE: 20070830 EFFECTIVENESS DATE: 20070830 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRIC CITY FUNDS INC CENTRAL INDEX KEY: 0001092741 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-09523 FILM NUMBER: 071090700 BUSINESS ADDRESS: STREET 1: 1292 GOWER ROAD CITY: SCOTIA STATE: NY ZIP: 12302 BUSINESS PHONE: 5183700289 MAIL ADDRESS: STREET 1: 1292 GOWER ROAD CITY: SCOTIA STATE: NY ZIP: 12302

0001092741 S000004890 Electric City Value Fund

C000013244 Electric City Value Fund ECVFX

N-PX 1 electric.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09523

Electric City Funds, Inc.

(Exact name of registrant as specified in charter)

1292 Gower Road

Glenville, NY 12302

(Address of principal executive offices)

(Zip code)

Electric City Funds, Inc.

1292 Gower Road

Glenville, NY 12302

(Name and address of agent for service)

Registrant's telephone number, including area code: (518) 370-0289

Date of fiscal year end: August 31

Date of reporting period: June 30, 2007

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking notes.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507.

ITEM 1. PROXY VOTING RECORD:

Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:

(a).

The name of the issuer of the portfolio security;

(b).

The exchange ticker symbol of the portfolio security;

(c).

The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;

(d).

The shareholder meeting date;

(e).

A brief identification of the matter voted on;

(f).

Whether the matter was proposed by the issuer or by a security holder;

(g).

Whether the Registrant cast its vote on the matter;

(h).

How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and

(i).

Whether the Registrant cast its vote for or against management.

Electric City Value Fund

ALEXANDER & BALDWIN

	Ticker Symbol:ALEX	Cusip Number:014482103
	Record Date: 2/16/2007	Meeting Date: 4/26/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

PROPOSAL TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE AUDITORS OF THE CORPORATION

For

Issuer

For

With

PROPOSSAL TO ADOPT THE ALEXANDER & BALDWIN, INC. 2007 INCENTIVE COMPENSATION PLAN

For

Issuer

For

With

AMVESCAP PLC

	Ticker Symbol:AVZ	Cusip Number:03235E100
	Record Date: 4/2/2002	Meeting Date: 5/23/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

TO RECEIVE AN ADOPT THE ACCOUNTING AND THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON

For

Issuer

For

With

TO RECEIVE AND ADOPT THE REPORT OF THE BOARD ON REMUNERATION

For

Issuer

For

With

TO DECLARE A FINAL DIVDEND

For

Issuer

For

With

TO RE-ELECT MR. JOSEPH R. CANION AS A DIRECTOR OF THE COMPANY

For

Issuer

For

With

TO RE-ELECT MR. EDWARD LAWRENCE AS A DIRECTOR OF THE COMPANY

For

Issuer

For

With

TO RE-ELECT MR. JAMES LAWRENCE AS A DIRECTOR OF THE COMPANY

For

Issuer

For

With

TO RE-APPOINT ERNST & YOUNG LLP AS AUDITORS AND TO AUTHORIZE THE AUDIT COMMITTEE TO FIX THE REMUNERATION

For

Issuer

For

With

TO APPROVE THE CHANGE OF NAME (SPECIAL RESOLUTION)

For

Issuer

For

With

TO AUTHORIZE THE DIRECTORS TO ALLOT SHARES PURSUANT TO SECTION 80 OF THE COMPANIES ACT OF 1985 (SPECIAL RESOLUTION)

For

Issuer

For

With

TO DISAPPLY STATUTORY PRE-EMPTION RIGHTS PURSUANT TO SECTION 95 OF THE COMPANIES ACT 1985 (SPECIAL RESOLUTION)

For

Issuer

For

With

TO RENEW THE COMPANY'S AUTHORITY TO MAKE MARKET PURCHASES OF ITS OWN ORDINARY SHARES (SPECIAL RESOLUTION)

For

Issuer

For

With

TO APPROVE THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION (SPECIAL RESOLUTION)

For

Issuer

For

With

TO APPROVE THE AMENDMENT TO ARTICLE 96.1 OF THE ARTICLES OF ASSOCIATION

For

Issuer

For

With

AMVESCAP PLC

	Ticker Symbol:AVZ	Cusip Number:03235E100
	Record Date: 4/2/2007	Meeting Date: 5/23/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

TO RECEIVE AND ADOPT THE ACCOUNTS AND THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON

For

Issuer

For

With

TO RECEIVE AND ADOPT THE REPORT OF THE BOARD ON REMUNERATION

For

Issuer

For

With

TO DECLARE A FINAL DIVIDEND

For

Issuer

For

With

TO RE-ELECT MR. JOSEPH R. CANNON AS DIRECTOR OF THE COMPANY

For

Issuer

For

With

TO RE-ELECT MR. EDWARD LAWRENCE AS A DIRECTOR OF THE COMPANY

For

Issuer

For

With

TO RE-ELECT MR. JAMES ROBERTSON AS DIRECTOR OF THE COMPANY

For

Issuer

For

With

TO RE-APPOINT ERNST & YOUNG LLP AS AUDITORS AND TO AUTHORIZE THE AUDIT COMMITTEE TO FIX THE REMUNERATION

For

Issuer

For

With

TO APPROVE THE CHANGE OF NAME (SPECIAL RESOLUTION)

For

Issuer

For

With

TO AUTHORIZE THE DIRECTORS TO ALLOT SHARES PURSUANT TO SECTION 80 OF THE COMPANIES ACT 1985

For

Issuer

For

With

TO DISAPPLY STATUTORY PRE-EMPTION RIGHTS PURSUANT TO SECTION 95 OF THE COMPANIES ACT 1985. (SPECIAL RESOLUTION)

For

Issuer

For

With

TO RENEW THE COMPANY'S AUTHORITY TO MAKE MARKET PURCHASES OF ITS OWN ORDINARY SHARES (SPECIAL RESOLUTION)

For

Issuer

For

With

TO APPROVE THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION (SPECIAL RESOLUTION)

For

Issuer

For

With

TO APPROVE THE AMENDMENT TO ARTICLE 96.1 OF THE ARTICLES OF ASSOCIATION

For

Issuer

For

With

ASHLAND INC.

	Ticker Symbol:ASH	Cusip Number:044209104
	Record Date: 11/20/2006	Meeting Date: 1/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RRATIFICATION OF ERNST & YOUNG AS INDEPENDENT AUDITORS FOR FISCAL 2007

For

Issuer

For

With

SHAREHOLDER PROPOSAL TO INTIATE THE APPROPRIATE PROCESS TO IMPLEMENT MAJORITY VOTING FOR ELECTION OF DIRECTORS

Against

Stockholder

Against

With

BANK OF AMERICA

	Ticker Symbol:BAC	Cusip Number:060505104
	Record Date: 3/2/2007	Meeting Date: 4/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF DIRECTORS

For

Issuer

For

With

MANAGEMENT PROPOSAL - RATIFICATION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FORM FOR 2007

For

Issuer

For

With

STOCKHOLDER PROPOSAL - STOCK OPTIONS

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL - NUMBER OF DIRECTORS

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL - INDEPENDENT BOARD CHAIRMAN

Against

Stockholder

Against

With

BERKSHIRE HATHAWAY, INC.

	Ticker Symbol:BRKB	Cusip Number:084670207
	Record Date: 3/6/2007	Meeting Date: 5/5/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Directors

For

Issuer

For

With

Shareholder Proposal: To approve the Shareholder proposal with respect to investments in certain foreigh corporations

Against

Stockholder

Against

With

CITIGROUP, INC.

	Ticker Symbol:C	Cusip Number:172967101
	Record Date: 2/21/2007	Meeting Date: 4/17/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

PROPOSAL TO ELECT 14 DIRECTORS

For

Issuer

For

With

PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2007

For

Issuer

For

With

STOCKHOLDER PROPOSAL REQUESTING A REPORT ON PRIOR GOVERNMENTAL SERVICE OF CERTAIN INDIVIDUALS

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL REQUESTING A REPORT ON CHARITABLE CONTRIBUTIONS

Against

Stockholder

Against

With

SHAREOWNER PROPOSAL REQUESTING AN ADVISORY RESOLUTION TO RATIFY EXECUTIVE COMPENSATION

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL REQUESTING THAT CEO COMPENSATION BE LIMITED TO NO MORE THAN 100 TIMES THE AVERAGE COMPENSSATION PAID TO WORLDWIDE EMPLOYEES

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPPONSIBILITIES

Against

Stockholder

Against

With

STOCKHOLDER PRPOPOSAL REQUESTING THAT STOCK OPTIONS BE SUBJECT TO A FIVE-YEAR SSALES RESTRICTION

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL REQUESTING CUMULATIVE VOTING

Against

Stockholder

Against

With

STOCKHOLDER PROPOSAL REQUESTING THAT STOCKHOLDERS HAVE THE RIGHT TO CALL SPECIAL SHAREHOLDER MEETINGS

Against

Stockholder

Against

With

COMMUNITY BANK SYSTEM, INC.

	Ticker Symbol:CBU	Cusip Number:203607106
	Record Date: 3/29/2007	Meeting Date: 5/15/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RATIFICATION OF APPOINTMENT OF PWC AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY

For

Issuer

For

With

DECORATOR INDUSTRIES, INC.

	Ticker Symbol:DII	Cusip Number:243631207
	Record Date: 4/2/2007	Meeting Date: 5/15/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

GENERAL ELECTRIC COMPANY

	Ticker Symbol:GE	Cusip Number:369604103
	Record Date: 2/26/2007	Meeting Date: 4/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Directors

For

Issuer

For

With

Ratification of KPMG

For

Issuer

For

With

Adoption of Majority voting for Directors

For

Issuer

For

With

Approval of 2007 LongTerm Incentive Plan

For

Issuer

For

With

Approval of Material Terms of Senior Officer Performance Goals

For

Issuer

For

With

Cumlative Voting

Against

Stockholder

Against

With

Curb Over-Extended Directors

Against

Stockholder

Against

With

ONE DIRECTOR FROM THE RANKS OF RETIREES

Against

Stockholder

Against

With

INDEPENDENT BOARD CHAIRMAN

Against

Stockholder

Against

With

ELIMINATE DIVIDEND EQUIVALENTS

Against

Stockholder

Against

With

REPORT ON CHARITABLE CONTRIBUTIONS

Against

Stockholder

Against

With

GLOBAL WARMING REPORT

Against

Stockholder

Against

With

ETHICAL CRITERIA FOR MILITARY CONTRACTS

Against

Stockholder

Against

With

REPORT ON PAY DIFFERENTIAL

Against

Stockholder

Against

With

LANDEC CORPORATION

	Ticker Symbol:LNDC	Cusip Number:514766104
	Record Date: 8/21/2006	Meeting Date: 10/12/2006

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Directors

For

Issuer

For

With

To ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm forthe fiscal year ending May 27, 2007

For

Issuer

For

With

LIZ CLAIRBORNE INC.

	Ticker Symbol:LIZ	Cusip Number:539320101
	Record Date: 3/19/2007	Meeting Date: 5/17/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RATIFICATION OF THE APPOINTMENT OF DELOITE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2007

For

Issuer

For

With

THE STOCKHOLDER PROPOSAL AS DESCRIBED IN THE PROXY STATEMENT

Against

Stockholder

Against

With

MARATHON OIL CORPORATION

	Ticker Symbol:MRO	Cusip Number:56584916
	Record Date: 2/26/2007	Meeting Date: 4/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF DIRECTOR FOR A ONE-YEAR TERM - CHARLES F. BOLDEN, JR.

For

Issuer

For

With

ELECTION OF DIRECTOR FOR A ONE-YEAR TERM: CHARLES R. LEE

For

Issuer

For

With

ELECTION OF DIRECTOR FOR A ONE-YEAR TERM: DENNIS H. REILLEY

For

Issuer

For

With

ELECTION OF DIRECTOR FOR A ONE-YEAR TERM: JOHN W. SNOW

For

Issuer

For

With

ELECTION OF DIRECTOR FOR A ONE-YEAR TERM: THOMAS J. USHER

For

Issuer

For

With

RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITOR FOR 2007

For

Issuer

For

With

APPROVAL OF 2007 INCENTIVE COMPENSATION PLAN

For

Issuer

For

With

BOARD PROPOSAL TO AMEND THE RESTATED CERTIFICATE OF INCORPORATION AND BY-LAWS TO ELIMINATE THE SUPERMAJORITY VOTE PROVISION

For

Issuer

For

With

BOARD PROPOSAL TO AMEND THE RESTATED CERTIFICATE INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK

For

Issuer

For

With

MICROSOFT CORPORATION

	Ticker Symbol:MSFT	Cusip Number:594918104
	Record Date: 9/8/2006	Meeting Date: 11/14/2006

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Election of Director: William H. Gates III

For

Issuer

For

With

Election of Director: Steven A. Ballmer

For

Issuer

For

With

Election of Director: James I. Cash, Jr.

For

Issuer

For

With

Election of Director: Dina Dublon

For

Issuer

For

With

Election of Director: Raymond V. Gilmartin

For

Issuer

For

With

Election of Director: David F. Marquardt

For

Issuer

For

With

Election of Director: Charles H. Noski

For

Issuer

For

With

Election of Director: Helmut Panke

For

Issuer

For

With

Election of Director: Jon A. Shirley

For

Issuer

For

With

Ratification of the selection of Deloitte & Touche LLP as the company's independent auditor

For

Issuer

For

With

Shareholder Proposal - Restriction on selling products and services to foreign governments

Against

Stockholder

Against

With

Shareholder Proposal - Sexual Orientation in equal employment opportunity policy

Against

Stockholder

Against

With

Shareholder Proposal - Hiring of proxy advisor

Against

Stockholder

Against

With

MICROSOFT CORPORATION

	Ticker Symbol:MSFT	Cusip Number:594918104
	Record Date: 9/8/2007	Meeting Date: 11/14/2006

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF DIRECTOR: WILLIAM H. GATES III

For

Issuer

For

With

ELECTION OF DIRECTOR: STEVEN A. BALLMER

For

Issuer

For

With

ELECTION OF DIRECTOR: JAMES I. CASH JR.

For

Issuer

For

With

ELECTION OF DIRECTOR: DINA DUBLON

For

Issuer

For

With

ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN

For

Issuer

For

With

ELECTION OF DIRECTOR: DAVID F. MARQUARDT

For

Issuer

For

With

ELECTION OF DIRECTOR: CHARLES H. NOSKI

For

Issuer

For

With

ELECTION OF DIRECTOR: HELMUT PANKE

For

Issuer

For

With

ELECTION OF DIRECTOR: JON A. SHIRLEY

For

Issuer

For

With

RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR

For

Issuer

For

With

SHAREHOLDER PROPOSAL - RESTRICTION ON SELLING PRODUCTS AND SERVICES TO FOREIGN GOVERNMENTS

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL - SEXUAL ORIENTATION IN EQUAL EMPLOYMENT OPPORTUNITY POLICY

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL - HIRING OF PROXY ADVISOR

Against

Stockholder

Against

With

MOD-PAC CORP

	Ticker Symbol:MPAC	Cusip Number:607495108
	Record Date: 3/21/2007	Meeting Date: 5/8/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

directors

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as the independent registered public accounting form for the current fiscal year

For

Issuer

For

With

To consider and vote upon a shareholder proposal recommending the Board of Directors take action to convert all of the company's hsares of class B stock into shares of class A stock

For

Stockholder

Against

With

MOD-PAC CORP

	Ticker Symbol:MPAC	Cusip Number:624580106
	Record Date: 3/21/2007	Meeting Date: 5/8/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE CURRENT FISCAL YEAR

For

Issuer

For

With

TO CONSIDER AND VOTE UPON A SHAREHOLDER PROPOSAL RECOMMENDING THE BOARD OF DIRECTORS TAKE ACTION TO CONVERT ALL OF THE COMPANY'S SHARES OF CLASS B STOCK INTO SHARES OF CLASS A STOCK.

For

Issuer

Against

MOVADO GROUP, INC.

	Ticker Symbol:MOV	Cusip Number:624580106
	Record Date: 5/18/2007	Meeting Date: 6/14/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

TO RATIFY AND APPROVE THE SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT PUBLIC CCOUNTANTS FOR THE COMPANY FOR THE FISCAL YEAR ENDING JANUARY 31, 2008

For

Issuer

For

With

ONVIA, INC.

	Ticker Symbol:ONVI	Cusip Number:68338T403
	Record Date: 3/21/2007	Meeting Date: 5/4/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Directors

For

Issuer

For

With

PARTNERS TRUST FINANCIAL GROUP, INC

	Ticker Symbol:PRTR	Cusip Number:70213F102
	Record Date: 3/7/2007	Meeting Date: 4/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

TO RATIFY THE APPOINTMENT BY THE BOARD OF DIRECTORS OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2007

For

Issuer

For

With

PHELPS DODGE CORPORATION

	Ticker Symbol:PD	Cusip Number:717265102
	Record Date: 2/12/2007	Meeting Date: 3/14/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

APPROVE AND ADOPT THE AGREEMENT AND PLAN OF MERGER DATED AS OF NOVEMBER 18, 2006, AMONG FREEPORT-MCMORAN COPPER AND GOLD INC. PHELPS DODGE CORPORATION AND PANTHER ACQUISTION CORPORATION, AS AMENDED

For

Issuer

For

With

APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY, TO PERMIT SOLICITATION OF ADDITIONAL PROXIES IN FAVOR OF PROPOSAL 1

For

Issuer

For

With

PLANTRONICS INC

	Ticker Symbol:PLT	Cusip Number:727493108
	Record Date: 6/1/2006	Meeting Date: 7/26/2006

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ratify the appointment of pricewaterhouse as the indepenedent registered public accounting firm of the company for fiscal 2007

For

Issuer

For

With

directors

For

Issuer

N/A

With

approve an increase of 1.8 million shares in the common stock issuable under the 2003 stock plan and to be used solely for stock option grant awards

Against

Issuer

For

Against

ratify and approve an increase of 200,000 shares in common stock issuable under 2002 employee stock purchase plan

Against

Issuer

For

Against

approve the performance bonus plan

For

Issuer

For

With

ROCKFORD CORPORATION

	Ticker Symbol:ROFO	Cusip Number:77316P101
	Record Date: 3/12/2007	Meeting Date: 5/9/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS ROCKFORD'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

For

Issuer

For

With

ROCKFORD CORPORATION

	Ticker Symbol:ROFO	Cusip Number:77316P101
	Record Date: 3/12/2007	Meeting Date: 5/9/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

directors recommend

For

Issuer

For

With

TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS ROCKFORD'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

For

Issuer

For

With

SCHERING--PLOUGH CORPORATION

	Ticker Symbol:SGP	Cusip Number:806605101
	Record Date: 3/28/2007	Meeting Date: 5/18/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RATIFY THE DESIGNATION OF DELOITTE & TOUCHE LLP TO AUDIT THE BOOKS AND ACCOUNTS FOR 2007

For

Issuer

For

With

APPROVE AMENDMENTS TO THE CERTIFICATE OF INCORPORATION AND BY-LAWS TO REDUCE SHAREHOLDER SUPERMAJORITY VOTE REQUIREMENTS TO A MAJORITY VOTE

For

Issuer

For

With

APPROVE AN AMENDMENT TO THE CERTIFICATE OF INCORPORATION TO ELECT DIRECTORS BY A MAJORITY VOTE RATHER THAN A PLURALITY VOTE

For

Issuer

For

With

SHAREHOLDER PROPOSAL RELATING TO EQUITY GRANTS

Against

Stockholder

Against

With

STEINER LEISURE LIMITED

	Ticker Symbol:STNR	Cusip Number:P8744Y102
	Record Date: 4/20/2007	Meeting Date: 6/13/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE 2007 FISCAL YEAR.

For

Issuer

For

With

STOCKGROUP INFORMATION SYSTEMS, INC

	Ticker Symbol:SWEB	Cusip Number:861273100
	Record Date: 4/24/2007	Meeting Date: 5/29/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF DIRECTORS, DAVID CADDEY, LEE DEBOER, LESLIE LANDES, MARCUS NEW, PATRICK SPAIN, THOMAS BAKER, STEPHEN ZACHARIAS

For

Issuer

For

With

TO APPOINT DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS

For

Issuer

For

With

TO RATIFY AND APPROVE THE COMPANY'S 2007 STOCK OPTION PLAN

For

Issuer

For

With

TO GRANT THE PROXYHOLDER AUTHORITY TO VOTE AT HIS/HER DISCRETION ON ANY OTHER BUSINESS OR AMENDMENT OR VARIATION TO THE PREVIOUS RESOLUTIONS

For

Issuer

For

With

SUPERIOR INDUSTRIES INTERNATIONAL

	Ticker Symbol:SUP	Cusip Number:868168105
	Record Date: 3/26/2007	Meeting Date: 5/24/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

APPROVAL OF SHAREHOLDER PROPOSAL TO CHANGE VOTING STANDARD FOR DIRECTOR ELECTIONS IF PROPERLY PRESENTED ATTHE ANNUAL MEETING

Against

Stockholder

Against

With

SUPERIOR INDUSTRIES INTERNATIONAL

	Ticker Symbol:SUP	Cusip Number:868168105
	Record Date: 3/26/2007	Meeting Date: 5/24/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

APPROVAL OF SHAREHOLDER PROPOSAL TO CHANGE VOTING STANDARD FOR DIRECTOR ELECTIONS IF PROPERLY PRESENTED ATTHE ANNUAL MEETING

Against

Stockholder

Against

With

TD BANKNORTH INC.

	Ticker Symbol:BNK	Cusip Number:87235A101
	Record Date: 3/7/2007	Meeting Date: 4/18/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

PROPOSAL TO APPROVE AND ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF NOVEMBER 19, 2006, AMONG TD BANKNORTH, THE TORONTO-DOMINION BANK AND BONN MERGER CO.

For

Issuer

For

With

TEJON RANCH CO.

	Ticker Symbol:TRC	Cusip Number:879080109
	Record Date: 3/16/2007	Meeting Date: 5/8/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RATIFICATION OF ERNST & YOUNG LLC AS THE COMPANY'S INDEPENDENT PUBLIC ACCOUNTANTS FOR 2007

For

Issuer

For

With

THE ALLSTATE CORPORATION

	Ticker Symbol:ALL	Cusip Number:020002101
	Record Date: 3/16/2007	Meeting Date: 5/15/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF DIRECTOR F. DUANE ACKERMAN

For

Issuer

For

With

ELECTION OF DIRECTOR: JAMES G. ANDRESS

For

Issuer

For

With

ELECTION OF DIRECTOR: ROBERT D. BEYER

For

Issuer

For

With

ELECTION OF DIRECTOR: W. JAMES FARRELL

For

Issuer

For

With

ELECTION OF DIRECTOR: JACK M. GREENBERG

For

Issuer

For

With

ELECTION OF DIRECTOR: RONALD T. LEMAY

For

Issuer

For

With

ELECTION OF DIRECTOR: EDWARD M. LIDDY

For

Issuer

For

With

ELECTION OF DIRECTOR: J. CHRISTOPHER REYES

For

Issuer

For

With

ELECTION OF DIRECTOR: H. JOHN RILEY, JR.

For

Issuer

For

With

ELECTION OF DIRECTOR: JOSHUA I. SMITH

For

Issuer

For

With

ELECTION OF DIRECTOR: JUDITY A. SPRIESER

For

Issuer

For

With

ELECTION OF DIRECTOR: MARY ALICE TAYLOR

For

Issuer

For

With

ELECTIION OF DIRECTOR: THOMAS J. WILSON

For

Issuer

For

With

APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS FOR 2007

For

Issuer

For

With

AMENDMENTS TO THE RESTATED CERTIFICATE OF INCORPORATION TO ELIMINATE THE SUPERMAJORITY VOTE REQUIREMENTS

For

Issuer

For

With

THE HOME DEPOT, INC.

	Ticker Symbol:HD	Cusip Number:437076102
	Record Date: 3/26/2007	Meeting Date: 5/24/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF DIRECTORS

For

Issuer

For

With

TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR ENDING FEBRUARY 3, 2008.

For

Issuer

For

With

SHAREHOLDER PROPOSAL REGARDING POISON PILL IMPLEMENTATION

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING EMPLOYMENT DIVERSITY REPORT DISCLOSURE

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING EXCECUTIVE OFFICER COMPENSATION

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING MANAGEMENT BONUSES

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING RETIREMENT BENEFITS

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING EQUITY COMPENSATION

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING PAY-FOR-SUPERIOR PERFORMANCE

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING POLITICAL NONPARTISANSHIP

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL REGARDING CHAIRMAN AND CEO

Against

Stockholder

Against

With

THE TORONTO - DOMINION BANK

	Ticker Symbol:TD	Cusip Number:891160509
	Record Date: 2/13/2007	Meeting Date: 3/29/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Shareholder Proposal E

Against

Stockholder

Against

With

Shareholder Proposal F

Against

Stockholder

Against

With

Shareholder Proposal G

Against

Stockholder

Against

With

Shareholder Proposal H

Against

Stockholder

Against

With

Directors

For

Issuer

For

With

Appointment of Auditor named in the management proxy circular

For

Issuer

For

With

First Amendment to By-Law No. 1

For

Issuer

For

With

Second Amendment to By-Law No. 1

For

Issuer

For

With

First Amendment to the Bank's Stock Option Plans

For

Issuer

For

With

Second Amendment to the Bank's stock option plans

For

Issuer

For

With

Shareholder Proposal A

Against

Stockholder

Against

With

Shareholder Proposal B

Against

Stockholder

Against

With

Shareholder Proposal C

Against

Stockholder

Against

With

Shareholder Proposal D

Against

Stockholder

Against

With

TYCO INTERNATIONAL LTD.

	Ticker Symbol:TYC	Cusip Number:902124106
	Record Date: 1/12/2007	Meeting Date: 3/8/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

RE-APPOINTMENT OF DELOITTE & TOUCHE LLP AS TYCO'S INDEPENDENT AUDITORS AND AUTHORIZATION FOR THE AUDIT COMITTEE OF THE BOARD OF DIRECTORS TO SET THE AUDITORS' REMUNERATION

For

Issuer

For

With

VALUE LINE

	Ticker Symbol:VALU	Cusip Number:920437100
	Record Date: 8/4/2006	Meeting Date: 8/25/2006

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

directors

For

Issuer

For

With

VARISTY GROUP, INC.

	Ticker Symbol:VSTY	Cusip Number:922281100
	Record Date: 4/26/2007	Meeting Date: 6/14/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

ELECTION OF NOMINEE JOHN KERNAN & ALLEN MORGAN

For

Issuer

For

With

VERSANT CORPORATION

	Ticker Symbol:VSNT	Cusip Number:925284309
	Record Date: 2/23/2007	Meeting Date: 4/23/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Ratification of selection of Grant Thornton LLP as independent registered public accountants

For

Issuer

For

With

VERSANT CORPORATION

	Ticker Symbol:VSNT	Cusip Number:925284309
	Record Date: 2/23/2007	Meeting Date: 4/23/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Directors

For

Issuer

For

With

Approval of Amendment of the 2005 Employee Stock Purchase Plan

For

Issuer

For

With

Approval of amendment of the 2005Equity Incentive Plan

For

Issuer

For

With

WASHINGTON MUTUAL, INC.

	Ticker Symbol:WM	Cusip Number:939322103
	Record Date: 2/28/2007	Meeting Date: 4/17/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

COMPANY PROPOSAL TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR FOR 2007

For

Issuer

For

With

SHAREHOLDER PROPOSAL RELATING TO THE COMPANY'S EXECUTIVE RETIREMENT PLAN POLICIES

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL RELATING TO THE COMPANY'S DIRECTOR ELECTION

Against

Stockholder

Against

With

SHAREHOLDER PROPOSAL RELATING TO THE COMPANYS DIRECTOR NOMINEE QUALIFICATION REQUIREMENTS

Against

Stockholder

Against

With

XM SATELLITE RADIO HOLDINGS INC.

	Ticker Symbol:XMSR	Cusip Number:983759101
	Record Date: 4/12/2007	Meeting Date: 5/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve the adoption of the XM Satellite Radio Holdings Inc. 2007 Stock Incentive Plan

For

Issuer

For

With

Rratify the appointment of KPMG LLP as Independent Auditors

For

Issuer

For

With

Directors

For

Issuer

For

With

XM SATELLITE RADIO HOLDINGS INC.

	Ticker Symbol:XMSR	Cusip Number:983759101
	Record Date: 4/12/2007	Meeting Date: 5/25/2007

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

DIRECTORS

For

Issuer

For

With

APPROVE THE ADOPTION OF THE XM SATELLITE RADIO HOLDINGS INC. 2007 STOCK INCENTIVE PLAN

For

Issuer

For

With

RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS

For

Issuer

For

With

* Management Recommended Vote

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Electric City Funds, Inc.

By /s/James W. Denney

* James W. Denney

President and Treasurer

Date: August 30, 2007

*Print the name and title of each signing officer under his or her signature.

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