FLORIDA SURPLUS ASSET FUND TRUST 10151 University Blvd., #227, Orlando, Florida 32817 Board of Trustees September 28, 2017 Florida Surplus Asset Fund Trust AGENDA This special meeting of the Board of Trustees for Florida Surplus Asset Fund Trust will be held on Thursday, September 28, 2017 at 2:00 p.m.. via Conference Call. Please confirm your availability by email to Jeff Larson, jlarson@floridamanagementservices.com. Conference Call Number 1-800-201-2375 Participation Code: 365753# MEETING OF THE BOARD OF TRUSTEES AGENDA ITEMS 1. Call to Order/Roll Call 2. Public Comments 3. Participant and Guest Introductions 4. Investment Advisor/Operations Manager Update - PMA (a) Variable NAV Fund Update (b) Updated Information Statement for Board Review, Comments, Approval in substantially final form (delegate final changes to FMAS, PMA, FL SAFE Counsel) (c) Amended and Restated Capital Support Agreement (for Board review and approval) (d) New Fund’s Investment Policy (for Board review and approval) (e) PMA Comments 5. Administrator Update- FMAS (a) October 26th FL SAFE Agenda (see attached) (b) FMAS Comments 6. FLSAFE Counsel’s Comments 7. Participants’ Comments 8. Advisory Committee Comments 9. Board Members’ Comments SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: October 26, 2017 (Inverness), January 2018 (TBD) 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