FLORIDA SURPLUS ASSET FUND TRUST 10151 University Blvd., #227, Orlando, Florida 32817 Board of Trustees Florida Surplus Asset Fund Trust AGENDA This Board of Trustees meeting for Florida Surplus Asset Fund Trust will be held on Thursday, October 26, 2017 at 3:00 p.m. at the Valerie Theatre, 207 Courthouse Square, Inverness, FL 34450. This will follow a FL SAFE/City of Inverness hosted Economic and Investment Seminar with complimentary lunch. Conference Call Number 1-800-201-2375 MEETING OF THE BOARD OF TRUSTEES AGENDA ITEMS 1. Call to Order/Roll Call 2. Public Comments 3. Participant and Guest Introductions 4. Board Election Results – FMAS/Board Chairman 5. Investment Advisor/Operations Manager Update - PMA Participation Code: 365753# October 26, 2017 (a) Economic and Market Update (b) FL SAFE LGIP Portfolio Update Comparative Market Review (c) Operations Manager Report (d) Board Ratification of Term Series (e) Update FL SAFE Variable NAV Fund (f) PMA Comments 6. Administrator Update- FMAS (a) Updated Information Statement (b) Proposed 2018 Budget(s) (c) Marketing Update (d) FMAS Comments 7. FLSAFE Counsel’s Comments 8. Participants’ Comments 9. Advisory Committee Members’ Comments 10. Board Members’ Comments SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: January 25, 2018 (Orlando – Ten Year Anniversary), April 2018, July 2018, October 2018 I look forward to discussing the items during the meeting. In the meantime, if you have any questions, please do not hesitate to contact either Jeff Larson, FLSAFE Administrator at (407) 496-1597, jlarson@floridamanagementservices.com or me at (954) 597-3550. Very truly yours, /S/ Mark C. Mason, CPA _____________________________ Mark C. Mason, CPA, Chairman