FLORIDA SURPLUS ASSET FUND TRUST 10151 University Blvd., #227, Orlando, Florida 32817 Board of Trustees Florida Surplus Asset Fund Trust AGENDA This meeting of the Board of Trustees for Florida Surplus Asset Fund Trust will be held on Thursday, April 27, 2017 at 12:00 p.m.. at Venice City Hall, 401 West Venice Avenue, Venice, FL 34285. Complimentary lunch will be provided at 11:00 a.m. Conference Call Number 1-800-201-2375 MEETING OF THE BOARD OF TRUSTEES A. BUSINESS ITEMS 1. Call to Order/ Roll Call 2. Public Comments 3. Approval Prior Board Meeting Minutes (a) January 26, 2017 4. Participant and Guest Introductions 5. FL SAFE Audit FYE 12/31/16; Clifton Larson Allen B. OTHER ITEMS 1. Investment Advisor/Operations Manager Update - PMA (a) Economic and Market Update Participation Code: 365753# April 27, 2017 (b) FLSAFE LGIP Portfolio Update; Comparative Market Review (c) Operations Manager Report (d) Board Ratification of January, February, March, and April 2017 Term Series (e) PMA Comments, Conferences (FSFOA, FAC) 2. Administrator Update- FMAS (a) Marketing Update, Presentations (b) Upcoming Conferences (FGFOA & FCCMA) (c) Update on Fee Waivers, Revenue Recognition Policy (d) FMAS Comments 3. FLSAFE Counsel’s Comments 4. Participants’ Comments 5. Board Members’ Comments C. SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: July 27, 2017, October 26, 2017 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