A. BUSINESS ITEMS 1. Call to Order/ Roll Call 2. Public Comments 3. Nominations for Board Chairman, Vice Chairman, Secretary, Treasurer 4. Approval Prior Board Meeting Minutes (a) October 29, 2015 5. Participant and Guest Introductions 6. Resolution – Revenue Recognition Policy 7. Resolution – PMA Capital Support Agreement B. OTHER ITEMS 1. Investment Advisor/Operations Manager Update - PMA (a) Economic and Market Update (b) FLSAFE LGIP Portfolio Update (c) Operations Manager Report (d) Update on FIIP Rates (e) Term Series – Ratify November 2015, December 2015 Term Series; Discussion January 2015 Term Series (f) PMA Comments 2. Administrator Update- FMAS (a) Marketing Update, Conferences, Events, Presentations (b) FMAS Comments 3. FLSAFE Counsel’s Comments 4. Participants’ Comments 5. Board Members’ Comments C. SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: April 2016, July 2016, October 2016