FLORIDA SURPLUS ASSET FUND TRUST 10151 University Blvd., #227, Orlando, Florida 32817 Board of Trustees July 28, 2016 Florida Surplus Asset Fund Trust AGENDA This meeting of the Board of Trustees for Florida Surplus Asset Fund Trust will be held on Thursday, July 28, 2016 at 4:00 p.m.. at Tamarac City Hall, 7525 NW 88th Avenue, Tamarac, FL 33321-2401. Complimentary lunch will be provided at 12:00 noon, followed by a Capital Markets and Investments Seminar at 1:00 p.m.. (see attached). Conference Call Number 1-800-201-2375 Participation Code: 365753# 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) April 28, 2016 4. Participant and Guest Introductions 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) Term Series Ratification, Update (e) PMA Comments 2. Administrator Update- FMAS (a) Marketing Update, Update on FGFOA, FCCMA Conferences (b) Upcoming Conferences (c) Update Board on E&O Insurance renewal for Board, FMAS, PMA (d) Board Seat Elections (e) FMAS Comments 3. FLSAFE Counsel’s Comments 4. Participants’ Comments 5. Board Members’ Comments C. SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates and location: October 22, 2016, January 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