Conference Call Number 1-800-201-2375 Participation Code: 365753# MEETING OF THE BOARD OF TRUSTEES - BOARD OF PARTICIPANTS A. BUSINESS ITEMS 1. Call to Order/ Roll Call 2. Public Comments 3. Approval Prior Board Meeting Minutes (a) July 25, 2019 4. Participant and Guest Introductions 5. Election Results – Two Board Seat Effective January 1, 2020 6. Advisory Council Recommendation 7. Proposed Budget 2020 B. STAFF REPORTS 1. Investment Advisor/Operations Manager Update - PMA (a) Economic and Market Update (b) FLSAFE LGIP Portfolio Update; Comparative Market Review (c) Operations Manager Report (d) Board Ratification of Term Series (e) Sales Update (f) PMA Comments 2. Administrator Update- FMAS (a) Marketing Update, Presentations, Investment Seminar (b) FMAS Comments C. OTHER ITEMS 1. FLSAFE Counsel’s Comments 2. Participants’ Comments 3. Advisory Council Comments 4. Board Members’ Comments D. SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: TBD I look forward to seeing you in 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