FLORIDA SURPLUS ASSET FUND TRUST 10151 University Blvd., #227, Orlando, Florida 32817 Board of Trustees October 29, 2015 Florida Surplus Asset Fund Trust AGENDA- REGULAR ELECTION MEETING OF PARTICIPANTS This meeting of the Board of Trustees and Participants for Florida Surplus Asset Fund Trust will be held on Thursday, October 29,, 2015 at 12:00 p.m. at Akerman LLP, offices of Mike Williams, Esq., FL SAFE Counsel, CNL Center II Building, 420 South Orange Avenue, Suite 1200, Orlando, Florida 32801. Complimentary early lunch and parking provided at 11:00 a.m. (see attached). 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. Results of Board Seat Elections- Board Vice Chair- Administrator 4. Approval Prior Board Meeting Minutes (a) August 6, 2015 5. Participant and Guest Introductions 6. Approval of 2016 Budget- FMAS-PMA 7. FLSAFE Auditor Engagement- Clifton Larson Allen B. OTHER ITEMS 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 September 2015 Term Series (e) Update- October Investment Seminar (f) PMA Comments 2. Administrator Update- FMAS (a) Marketing Update, Presentations (b) Upcoming Conferences (FGFOA, FCCMA, FL School Officers, FGFOA Schools, and Gulf Coast (2/19/16)), Presentations (c) FMAS Comments 3. FLSAFE Counsel’s Comments 4. Participants’ Comments 5. Board Members’ Comments C. SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: January 28, 2015, April 28, 2016, July 28 2016, October 27, 2016 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