Risk Management Council Meeting Thursday, February 06, 2014

FCSRMC Mission Statement: FCSRMC delivers comprehensive and innovative enterprise-wide risk

management services and solutions to support the educational mission of the Florida College System.

Risk Management Council Meeting February 06, 2014

AGENDA Action Items:

1. Property/Casualty Program 2014-2015:

a. Review of 2014-2015 Proposed Property/Casualty Budget pg 01

b. Plan Document Changes pg 05

c. Risk Management Information System (RMIS) Technology Platform pg 07

2. Employee Benefit Plans 2014:

a. Employee Benefit Plans 2014 Budget Addendum pg 09

b. FBMC Agreement Post Facto pg 12 Information Items:

3. Property/Casualty Program 2014-2015:

a. Direct Service Organization/Foundation Coverage Conversation pg 18

b. Legal Panel Application pg 19

c. International Travel pg 25

d. 2014 Risk Summit pg 27 e. Shoes for Crews pg 29

4. Employee Benefit Plans 2014:

a. Self-Insured Health Plan Update pg 34

b. 2014 Employee Benefit Plans pg 36

c. Heath Care Reform pg 55

5. Financials - November 2013 :

a. Property/Casualty Financial Highlights pg 65

b. Employee Benefit Plans Financial Highlights pg 68

c. Investment Program – Fourth Quarter 2013 pg 71

6. Miscellaneous:

a. Property/Casualty & Admin Services 3 YR Performance/Projection pg 108

b. Employee Benefit Plans 3 YR Performance/Projection pg 111

c. Operations Committee Members as of 01/30/14 & 03/01/14 pg 113

Action Item 1.a.

Review of 2014-2015 Proposed Property/Casualty Budget

ACTION Council of Presidents - Risk Management Council Agenda Item: 1.a. February 6, 2014 Presentation of the 2014-2015 Property/Casualty Budget Presentation of the annual 2014-2015 Property/Casualty Budget including insurance premiums, funding for reserves and future claims, Consortium administrative budget and college allocation. Motion made by __________, second by _____________ to approve the annual 2014-2015 Property/Casualty Budget as submitted. Discussion: Tina Ingram, AFC to provide voting results.

Fund

s Neede

d for P

rope

rty/Ca

sualty Program

s  Prope

rty Casualty Insurance

$14,50

0,00

0$1

3,47

5,37

5  Boiler &

 Machine

ry$1

92,895

$206

,560

  Workers' Com

pensation

$598

,017

$574

,094

  Schoo

l Leade

rs Errors &

 Omissions

$824

,775

$1,000

,305

  Liability ‐ Fede

ral and

 Other States

$248

,250

$210

,000

  Crim

e$7

0,38

7$6

7,08

8  State Taxes and

 Assessm

ents

$393

,000

$328

,927

       Total In

surance Co

sts

$16,82

7,32

4$1

5,86

2,34

9

Other Program

 Costs

  Workers' Com

pensation Au

dit A

ssessm

ent

$27,26

3$2

7,00

0  A

ddition

 to Cyber Loss F

und *

$135

,000

$0  A

ddition

 to Fun

d Ba

lance 

$2,900

,000

Fund

 Balan

ce Recovery

$2,000

,000

  Adm

inistrativ

e Services (+

Legal, Claims, Aud

it, etc.)

$1,381

,740

$1,647

,648

  Con

sortium Office Bud

get

$599

,593

$676

,528

      To

tal O

ther Program

 Costs

$5,043

,596

$4,351

,177

      To

tal Fun

ds Neede

d for 2

014‐20

15$2

1,87

0,92

0$2

0,21

3,52

6

Add: Fun

ds Neede

d in Loss F

und

$54,72

7,00

0$5

6,65

4,00

0

Total Fun

ds Neede

d for P

rope

rty/Ca

sualty Program

s$7

6,59

7,92

0$7

6,86

7,52

6

Less Fun

ds Available to Pay Claim

s (as of 1

0/31

/13)

$58,01

2,12

6$5

5,80

7,09

520

14 W

C Co

llateral H

eld by

 Insurer

‐$5,62

3,92

0‐$4,70

9,25

6Net Fun

ds Available

$52,38

8,20

6$5

1,09

7,83

9

Neede

d to Fun

d Prop

erty/Casualty

 Program

$24,20

9,71

4$2

5,76

9,68

7Less:  Expe

cted

 Interest Earnings

‐$67

4,00

0‐$38

0,00

0

Total Fun

ds Neede

d for p

rogram

 ope

ratio

n$2

3,53

5,71

4$2

5,38

9,68

7Less Adjustm

ents from

 Prio

r Years (p

er actuaria

l review)

$0$0

Total Fun

ds to

 be Assessed

 to Colleges

$23,53

5,71

4$2

5,38

9,68

77.88

%

* Cybe

r Loss F

und will to

tal $1,00

0,00

0 after 2

014‐20

15 con

tribution.

2013

‐201

420

14‐201

5% Cha

nge

Rate Per FTE

Before Refun

ds$6

7.29

$77.55

15.24%

After R

efun

ds$6

7.29

$77.55

15.24%

Florida Co

llege

 System Risk Man

agem

ent C

onsortium

Prop

erty/Casua

lty Program

s20

14‐201

5 Ca

lculation of In

stitu

tion Assessmen

ts

2013

‐201

420

14‐201

5

2014

-201

5 B

udge

t OP

S C

OM

M 2

.5.2

014

Pag

e 1

2/5/

2014

6

:35

PM

2014

‐201

510

0%Cred

it for

Add:

2014

‐201

5Work Co

mp

TIV Prop

.Prior Y

rs.

2014

‐201

520

13‐201

4%

Self Ins

Due

Due

2014

‐201

5Initial

Expe

rience

Allocatio

nRe

serve

Annu

alAn

nual

Increase/

Increase/

Est. An

n.To

tal

on/before

on/before

College

FTE

Assessmen

tRa

ting

Assessmen

tFund

ing

Assessmen

tAssessmen

tDe

crease

Decrease

Tax*

College Cost

3/1/20

147/1/20

14

BroC

3005

4$2

,330

,571

‐$24

,133

‐$30

5,73

7$0

$2,000

,701

$1,871

,072

$129

,629

6.93

%$1

8,90

3$2

,019

,604

$666

,900

$1,333

,801

CC16

02$1

24,229

‐$4,55

9$1

40,533

$0$2

60,204

$274

,988

‐$14

,784

‐5.38%

$1,851

$262

,055

$86,73

5$1

73,469

CCF

5976

$463

,416

‐$17

,169

$108

,206

$0$5

54,454

$561

,400

‐$6,94

6‐1.24%

$4,281

$558

,735

$184

,818

$369

,636

DSC

1244

9$9

65,372

‐$17

,196

$106

,314

$0$1

,054

,489

$1,046

,026

$8,463

0.81

%$1

0,18

4$1

,064

,673

$351

,496

$702

,993

EFSC

1201

8$9

31,949

$19,60

7$1

29,604

$0$1

,081

,160

$1,104

,330

‐$23

,170

‐2.10%

$11,51

7$1

,092

,677

$360

,387

$720

,773

ESC

1051

3$8

15,242

‐$28

,657

‐$3,53

5$0

$783

,050

$725

,534

$57,51

67.93

%$6

,201

$789

,251

$261

,017

$522

,034

FGC

2167

$168

,042

‐$2,55

8$6

9,68

6$0

$235

,171

$249

,431

‐$14

,260

‐5.72%

$2,231

$237

,402

$78,39

0$1

56,780

FKCC

837

$64,90

6‐$1,74

0$7

2,41

0$0

$135

,577

$121

,706

$13,87

111

.40%

$1,110

$136

,687

$45,19

2$9

0,38

4GCSC

4505

$349

,345

‐$6,04

3$1

60,181

$0$5

03,483

$442

,058

$61,42

513

.90%

$3,704

$507

,187

$167

,828

$335

,655

HCC

2047

2$1

,587

,524

‐$56

,125

‐$21

0,48

3$0

$1,320

,916

$1,286

,200

$34,71

62.70

%$1

1,98

6$1

,332

,902

$440

,305

$880

,610

IRSC

1342

9$1

,041

,367

‐$18

,456

$161

,223

$0$1

,184

,134

$1,112

,304

$71,83

06.46

%$1

1,27

4$1

,195

,408

$394

,711

$789

,423

LSSC

2966

$230

,002

$5,614

$85,11

7$0

$320

,733

$330

,753

‐$10

,020

‐3.03%

$3,174

$323

,907

$106

,911

$213

,822

MDC

5587

2$4

,332

,657

$368

,204

‐$47

4,49

0$0

$4,226

,372

$3,581

,396

$644

,976

18.01%

$39,17

3$4

,265

,545

$1,408

,791

$2,817

,581

NFCC

898

$69,63

6‐$1,54

8$3

8,67

3$0

$106

,761

$112

,348

‐$5,58

7‐4.97%

$1,018

$107

,779

$35,58

7$7

1,17

4NWFSC

5196

$402

,930

$1,565

$152

,114

$0$5

56,609

$542

,060

$14,54

92.68

%$4

,079

$560

,688

$185

,536

$371

,073

PBSC

2008

4$1

,557

,436

$28,91

5‐$23

1,15

2$0

$1,355

,199

$1,124

,607

$230

,592

20.50%

$12,74

1$1

,367

,940

$451

,733

$903

,466

PHCC

7041

$546

,002

$5,201

$116

,745

$0$6

67,949

$563

,447

$104

,502

18.55%

$5,987

$673

,936

$222

,650

$445

,299

PeSC

9297

$720

,946

‐$23

,478

$22,80

9$0

$720

,278

$733

,366

‐$13

,088

‐1.78%

$4,638

$724

,916

$240

,093

$480

,185

PoSC

7828

$607

,031

‐$22

,501

‐$15

,420

$0$5

69,109

$515

,886

$53,22

310

.32%

$4,209

$573

,318

$189

,703

$379

,406

SJRSC

4795

$371

,834

‐$9,24

6$2

8,22

9$0

$390

,817

$396

,577

‐$5,76

0‐1.45%

$3,121

$393

,938

$130

,272

$260

,544

SPC

2128

0$1

,650

,182

$66,64

1$2

8,73

6$0

$1,745

,559

$1,579

,992

$165

,567

10.48%

$15,68

7$1

,761

,246

$581

,853

$1,163

,706

SaFC

1193

5$9

25,513

$717

‐$68

,992

$0$8

57,238

$811

,973

$45,26

55.57

%$9

,206

$866

,444

$285

,746

$571

,492

SSC

1489

1$1

,154

,739

‐$40

,383

‐$94

,828

$0$1

,019

,528

$967

,272

$52,25

65.40

%$7

,984

$1,027

,512

$339

,843

$679

,685

SFSC

2280

$176

,805

‐$5,89

3$1

31,098

$0$3

02,010

$330

,119

‐$28

,109

‐8.51%

$3,095

$305

,105

$100

,670

$201

,340

SCFM

S80

08$6

20,989

‐$25

,601

$1,920

$0$5

97,308

$572

,365

$24,94

34.36

%$4

,328

$601

,636

$199

,103

$398

,205

TCC

1094

7$8

48,897

‐$39

,795

$183

,689

$0$9

92,791

$1,001

,655

‐$8,86

4‐0.88%

$7,602

$1,000

,393

$330

,930

$661

,861

VC30

074

$2,332

,122

‐$15

1,38

3‐$33

2,65

0$0

$1,848

,089

$1,576

,849

$271

,240

17.20%

$16,75

8$1

,864

,847

$616

,030

$1,232

,059

3274

14$2

5,38

9,68

7$0

$0$0

$25,38

9,68

7$2

3,53

5,71

4$1

,853

,973

7.88

%$2

26,042

$25,61

5,72

9$8

,463

,229

$16,92

6,45

8

* Self Insurance Tax will be billed on

 a quarterly basis, se

parate from

 the tw

o no

rmal prope

rty/casualty billings

FSCR

MC Ca

lculation of Prope

rty/Ca

sualty Assessm

ents ‐ 20

14‐201

5 Fiscal Year

2014

-201

5 B

udge

t OP

S C

OM

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.5.2

014

Pag

e 2

2/5/

2014

6

:35

PM

ADJUSTED

LOSS FUND 

PROPO

SAL 

AMOUNT 

ORIGINAL

LOSS FUND

ADJUSTMEN

TSFO

RTO

 BE

     YEA

RLO

SS FUND

AS OF 10

/31/13

3/1/20

14FU

NDE

D

1987

‐198

83,80

0,00

03,15

0,00

03,15

0,00

03,

021,

000

129,00

019

88‐198

93,30

0,00

03,70

0,00

03,70

0,00

03,

828,

000

(128

,000

)19

89‐199

04,50

0,00

04,40

0,00

04,40

0,00

04,

465,

000

(65,00

0)19

90‐199

15,00

0,00

05,60

0,00

05,60

0,00

05,

785,

000

(185

,000

)19

91‐199

25,90

0,00

04,60

0,00

04,60

0,00

04,

369,

000

231,00

019

92‐199

35,80

0,00

04,80

0,00

04,80

0,00

04,

826,

000

(26,00

0)19

93‐199

47,90

0,00

06,00

0,00

06,00

0,00

05,

698,

000

302,00

019

94‐199

58,90

0,00

05,60

0,00

05,60

0,00

05,

162,

000

438,00

019

95‐199

69,90

0,00

07,20

0,00

07,20

0,00

06,

946,

000

254,00

019

96‐199

79,50

0,00

04,25

0,00

00

4,25

0,00

03,

702,

000

548,00

019

97‐199

88,90

0,00

06,00

0,00

06,00

0,00

05,

555,

000

445,00

019

98‐199

98,40

0,00

06,55

0,00

06,55

0,00

06,

443,

000

107,00

019

99‐200

07,75

0,00

07,65

0,00

00

7,65

0,00

06,

805,

000

845,00

020

00‐200

17,75

0,00

08,55

0,00

08,55

0,00

08,

325,

000

225,00

020

01‐200

28,25

0,00

07,95

0,00

00

7,95

0,00

06,

690,

000

1,26

0,00

020

02‐200

39,70

0,00

08,65

0,00

00

8,65

0,00

05,

200,

000

3,45

0,00

020

03‐200

49,60

0,00

08,55

0,00

00

8,55

0,00

05,

661,

000

2,88

9,00

020

04‐200

59,60

0,00

09,50

0,00

09,50

0,00

06,

935,

000

2,56

5,00

020

05‐200

68,80

0,00

08,80

0,00

08,80

0,00

04,

149,

000

4,65

1,00

020

06‐200

78,22

1,00

0            

8,22

1,00

08,22

1,00

04,

710,

000

3,51

1,00

020

07‐200

88,43

7,00

0            

8,43

7,00

08,43

7,00

05,

350,

000

3,08

7,00

020

08‐200

98,92

4,34

2            

8,92

4,00

0                     

8,92

4,00

0            

4,57

7,00

04,34

7,00

020

09‐201

08,50

0,00

0            

8,50

0,00

0                     

8,50

0,00

0            

5,21

2,00

03,28

8,00

020

10‐201

18,00

0,00

0            

8,00

0,00

0                     

8,00

0,00

0            

6,45

4,00

01,54

6,00

020

11‐201

28,00

0,00

0            

8,00

0,00

0                     

8,00

0,00

0            

5,11

7,00

02,88

3,00

020

12‐201

39,00

0,00

09,00

0,00

09,00

0,00

04,

938,

000

4,06

2,00

020

13‐201

49,30

0,00

09,30

0,00

09,30

0,00

03,

105,

000

6,19

5,00

0

211,63

2,34

218

9,88

2,00

00

189,88

2,00

014

3,02

8,00

046

,854

,000

2014

‐201

59,80

0,00

0            

199,68

2,00

0

2014

‐201

5 To

tal

9,80

0,00

0

221,43

2,34

2

EXCL HURR

 EST NET OF 

SPEC

 EXC

ESS PD

 @ 

2/28

/13

31‐Oct‐201

3RE

QUIRED

 RESER

VES

2014

-201

5 B

udge

t OP

S C

OM

M 1

27

2014

.xls

Pag

e 3

1/28

/201

4 1

:43

PM

Action Item 1.b. Plan Document Changes

ACTION Council of Presidents - Risk Management Council Agenda Item: 1.b. February 6, 2014

Plan Document Changes Adding or clarifying definitions for the following terms: Earthquake, Named Storm, Active Data Processing Software, Occurrence, Location, Flood, Windstorm or Hail, Biological and/or Chemical Terrorism, and Terrorism. These terms need to be added or modified to mirror the definitions and terms of the primary policy form from FCSRMC’s lead excess property carrier, Lexington. It is also recommended that current exclusions for: Mold and Biological and/or Chemical Terrorism be modified to mirror the definitions and terms of the primary policy form from FCSRMC’s lead excess property carrier, Lexington. In addition, the current exclusion for Inverse Condemnation be modified to encompass all forms of Eminent Domain damages, and that the exclusion be placed in both “Section 1 – Property Exclusions” and “Section II – Casualty Exclusions” of the Plan Document. Motion made by __________, second by __________ to approve the Plan Document Changes as submitted. Discussion: Tina Ingram, AFC to provide voting results.

Recommended Plan Document Changes for 2014-2015

Background:

After consulting with FCSRMC Counsel Tom Gonzalez and our Business Partners at Arthur J.

Gallagher the following changes to the Plan Document are recommended:

Added or Clarified Definitions:

To ensure that every dollar paid by FCSRMC on a property loss counts toward the excess policy

deductible, it is recommended that definitions for the terms: Earthquake, Named Storm, Active

Data Processing Software, Occurrence, Location, Flood, Windstorm or Hail, Biological and/or

Chemical Terrorism, and Terrorism, be added or modified to mirror the definitions and terms of

the primary policy form from FCSRMC’s lead excess property carrier, Lexington.

Exclusions:

To ensure that every dollar paid by FCSRMC on a property loss counts toward the excess policy

deductible, it is recommended that exclusions for: Mold and Biological and/or Chemical

Terrorism be modified to mirror the exclusions of the primary policy form from FCSRMC’s lead

excess property carrier, Lexington.

Eminent Domain:

To keep with the original intent, and substance, of the exclusion for Inverse Condemnation, it is

recommended that the current exclusion for Inverse Condemnation be modified to encompass

all forms of Eminent Domain damages; and

To minimize confusion as to whether the exclusion applies to both Property and Liability claims,

as evident by the language of the original exclusion, “claims for loss, damage or any liability,” it

is recommended that the exclusion be placed in both “Section I – Property Exclusions” and

“Section II - Casualty Exclusions” of the Plan Document.

Action Item 1.c. Risk Management Information System (RMIS)

Technology Platform

ACTION

Council of Presidents - Risk Management Council Agenda Item: 1.c. February 6, 2014

Risk Management Information System (RMIS) Technology Platform The system is an enterprise risk management interactive technology based system with click and drag capabilities, graphics and customizable reporting. Six companies responded to the bid. Funding has been included in the budget for $180,000, which is inclusive of implementation and an annual fee estimated at approximately $80,000. Motion made by __________, second by ____________ to approve the selection of the lowest most responsive bidder, as the Risk Management Information System (RMIS) Technology Platform vendor, effective on or before April 1, 2014, not to exceed $180,000 for first year and not to exceed $100,000 in subsequent renewal years, in accordance with Fiscal Agent guidelines and FCSRMC’s General Counsel review. In addition, to provide the Executive Director authority to enter into a contract with such named vendor without the need for further Committee approval. Contract duration shall be 3 years with optional 1 year renewals. Discussion: Tina Ingram, AFC to provide voting results.

Risk Management Information System (RMIS) Bid Scheduled Outline:

Bid release on February 7, 2014

Bids due on February 28, 2014

Decision on March 10, 2014

Posting of decision on March 11, 2014

Go live date of May 1, 2014

Contract duration shall be 3 years with up to 7 one year renewals. First year of contract will not exceed $180,000 with the following annual contracts not exceeding $100,000.

Action Item 2.a. Employee Benefit Plans 2014

Budget Addendum

ACTION Council of Presidents - Risk Management Council Agenda Item: 2.a. February 6, 2014

Employee Benefit Plans 2014 Budget - Addendum Employee Benefit Plans 2014 Budget – Addendum update include:

Daytona State College new self-insured health plan enrollment (597 contracts) effective January 1, 2014 increase in total paid and incurred claims, plan administrator fees and stop loss premiums.

Daytona State College new fully insured HMO enrollment (367 contracts) premium. Adjustment to total 2014 paid and incurred claims to reflect the individual college health

benefit plan selections of 0%, 5%, and 8% premium rate changes. Introduction of the new business partners FBMC expense for enrollment, billing and

compliance services. Addition of a $5,000 contingency fund expense.

Motion made by _____________, second by ___________ to approve the Employee Benefit Plans 2014 Budget Addendum addressing: Daytona State College enrollment, the individual college selections of the 0%, 5%, and 8% plans, fully-insured products, and engagement of FBMC as the Employee Benefit Plans Benefit Administration and Billing Platform vendor. Discussion: Tina Ingram, AFC to provide voting results.

2014 CLAIM AND STOP LOSS EXPENSE Paid Claims 71,163,171$ Claim Reserve Change 1,071,633$ Incurred Claims 72,234,804$ Stop Loss Insurance ($300,000) 4,138,632$ TOTAL CLAIM AND STOP LOSS EXPENSE 76,373,436$

2013 ADMINISTRATION AND SUPPORT EXPENSE Plan Administrator Fees 4,256,595$ Plan Administrator Termination Fee Change 84,659$ Consortium Administrative Budget 599,593$ Audit 25,000$ Health Care Reform Fees 900,000$ Consulting 100,000$ System Maintenance 10,000$ Wellness Incentive Program 150,000$ DV (Plan C) Insured Premium 240,912$ FBMC 294,360$ Contingency 5,000$ TOTAL ADMINISTRATION AND SUPPORT EXPENSE 6,666,119$

CREDITS and RECOVERIES Pharmacy Rebates (1,000,000)$ Investment Earnings (800,000)$ Health Reform Fees Credit from Reserves (900,000)$ TOTAL CREDITS AND RECOVERIES (2,700,000)$

FULLY INSURED PREMIUM Capital Health HMO 4,500,000$ Florida Health Care Plan HMO 2,719,074$ Delta Dental 1,600,000$ UNUM 2,150,000$ VSP 192,000$ Blue Medicare 887,400$ Horizon Health EAP 70,000$ TOTAL FULLY INSURED PREMIUM 12,118,474$

TOTAL 2014 BUDGET 92,458,029$

1 ADDENDUM updates include:

5% and 8% premium rate changes.• Adjustment to total 2014 paid and incurred claims to reflect the individual college health benefit plan selections of 0%,

• Introduction of new business partner FBMC expense for enrollment, billing and compliance services.• Addition of a $5,000 contingency fund expense.

EMPLOYEE BENEFIT PLANS 2014 BUDGET ADDENDUM1

• Daytona State College new self-insured health plan enrollment (597 contracts) effective January 1, 2014 increase in

• Daytona State College new fully insured HMO enrollment (367 contracts) premium. total paid and incurred claims, plan administrator fees and stop loss premiums.

2014 EXPECTED PAID CLAIMSBO 3562 Employee ( 5,514 x $440.96 ) x 12 29,177,441.28$ BO 3562 Dependent ( 1372 x $666.82 ) x 12 10,978,524.48$ BO 3359 (HRA)Employee ( 149 x $457.93 ) x 12 818,784.04$ BO 3359 (HRA)Dependent ( 76 x $712.81 ) x 12 650,084.01$ BO 3559 Employee ( 490 x $436.80 ) x 12 2,568,384.00$ BO 3559 Dependent ( 109 x $612.46 ) x 12 801,093.94$ BO 3769 Employee ( 516 x $416.00 ) x 12 2,575,872.00$ BO 3769 Dependent ( 409 x $583.29 ) x 12 2,862,799.65$ HMO 10 Employee ( 2094 x $415.88 ) x 12 10,450,232.64$ HMO 10 Dependent ( 378 x $757.54 ) x 12 3,436,201.44$ HMO 51 Employee ( 866 x $419.19 ) x 12 4,356,260.16$ HMO 51 Dependent ( 220 x $586.16 ) x 12 1,547,458.28$ HMO 58 Employee ( 96 x $399.23 ) x 12 459,915.29$ HMO 58 Dependent ( 16 x $558.25 ) x 12 107,183.26$ BO 3566 Economy Plan Employee ( 59 x $395.10 ) x 12 279,730.91$ BO 3566 Economy Plan Dependent ( 13 x $597.47 ) x 12 93,205.43$ SUB TOTAL 71,163,170.80$

2014 INCURRED BUT NOT REPORTED (IBNR) 7,116,317.08$ 2013 INCURRED BUT NOT REPORTED (IBNR) 6,044,683.86$ CLAIM RESERVE CHANGE 1,071,633.22$

2014 EXPECTED INCURRED CLAIMS 72,234,804.02$

DV PLAN (Dental & Vision)Insured Premium ( 840 x $23.90 ) x 12 240,912.00$

2014 ADMINISTRATIVE FEES (Per Employee)BO 3562 ( 5514 x $36.19 ) x 12 2,394,619.92$ BO 3359 (HRA) ( 149 x $36.19 ) x 12 64,707.72$ BO 3559 ( 490 x $36.19 ) x 12 212,797.20$ BO 3769 ( 516 x $36.19 ) x 12 224,088.48$ HMO 10 ( 2094 x $36.19 ) x 12 909,382.32$ HMO 51 ( 866 x $36.19 ) x 12 376,086.48$ HMO 58 ( 96 x $36.19 ) x 12 41,690.88$ HRA fee ( 149 x $4.25 ) x 12 7,599.00$ BO 3566 Economy Plan ( 59 x $36.19 ) x 12 25,622.52$ BO 3565 Plan ( 0 x $36.19 ) x 12 -$ BO 3361 Dependent Only Plan ( 0 x $36.19 ) x 12 -$ SUB TOTAL ADMINISTRATIVE FEES 4,256,594.52$

2014 Administrative Fee Termination Reserve (7.9% of IBNR) 562,189.05$ 2013 Administrative Fee Termination Reserve (7.9% of IBNR) 477,530.03$ TERMINATION RESERVE ADMINISTRATION FEE CHANGE 84,659.02$

2014 STOP LOSS FEESBO 3562 Specific Employee ( 5514 x $35.25 ) x 12 2,332,422.00$ BO 3562 Specific Dependent ( 1372 x $0.00 ) x 12 -$ BO 3359 (HRA) Specific Employee ( 149 x $35.25 ) x 12 63,027.00$ BO 3359 (HRA) Specific Dependent ( 76 x $0.00 ) x 12 -$ BO 3559 Specific Employee ( 490 x $35.25 ) x 12 207,270.00$ BO 3559 Specific Dependent ( 109 x $0.00 ) x 12 -$ BO 3769 Specific Employee ( 516 x $35.25 ) x 12 218,268.00$ BO 3769 Specific Dependent ( 409 x $0.00 ) x 12 -$ HMO 10 Specific Employee ( 2094 x $35.25 ) x 12 885,762.00$ HMO 10 Specific Dependent ( 378 x $0.00 ) x 12 -$ HMO 51 Specific Employee ( 866 x $35.25 ) x 12 366,318.00$ HMO 51 Specific Dependent ( 220 x $0.00 ) x 12 -$ HMO 58 Specific Employee ( 96 x $35.25 ) x 12 40,608.00$ HMO 58 Specific Dependent ( 16 x $0.00 ) x 12 -$ BO 3566 Economy Plan Employee ( 59 x $35.25 ) x 12 24,957.00$ BO 3566 Economy Plan Dependent ( 13 x $0.00 ) x 12 -$ BO 3565 Plan ( 0 x $35.25 ) x 12 -$ BO 3361 Dependent Only Plan ( 0 x $35.25 ) x 12 -$ SUB TOTAL STOP LOSS FEES 4,138,632.00$

2014 SELF-INSURED HEALTH PROGRAM FUNDING

Action Item 2.b. FBMC Agreement Post Facto

ACTION Council of Presidents - Risk Management Council Agenda Item: 2.b. February 6, 2014

FBMC Agreement-Post Facto The Florida College System Risk Management Consortium secured approval from the Operations Committee to form a Vetting Committee to select a Consortium-wide benefit administration and consolidated billing platform. FCSRMC is requesting approval of the Vetting Committee’s recommendation. FCSRMC will work with FBMC on a phased approach to implementation, with the expectation that all colleges will be fully implemented by January 1, 2015. Motion made by ___________, second by ___________ to approve the selection of FBMC as the Employee Benefit Plans Benefit Administration and Billing Platform vendor effective January 1, 2014 at $294,360 in accordance with Fiscal Agent guidelines and FCSRMC’s General Counsel review. In addition, to provide the Executive Director authority to enter into a contract with such named vendor without the need for further Committee approval. Contract duration shall be 3 years with optional 1 year renewals. Discussion: Tina Ingram, AFC to provide voting results.

Billing Administration

On behalf of the Florida College System Risk Management Consortium, we are excited to share that our new Benefits Manager, FBMC Benefits Management (FBMC), has commenced the implementation process for the recently awarded Benefits Administration and Consolidated Billing Platform, which includes Benefits Administration, an electronic benefits portal (Benefits Management Center), Retiree Services (Billing), Leave of Absence Services (Billing), and Service Center (Call Center).

This implementation will occur in 2 Phases:

Phase I (Includes Two Components-Billing Administration and the Call Center)

FBMC will implement their Benefits Administration service and Service Center (Call Center) for all 22 Colleges. The Benefits Administration service includes managing the benefits deductions and consolidated billing on behalf of the Colleges and the Consortium with the Carriers. This will replace the cumbersome and inefficient Employee Benefits Portal, which will, in turn, eliminate the need to submit the periodic headcount to the Consortium and to contact each Carrier every time there is a change, issue or question regarding benefits and deductions. In addition, the Service Center (Call Center) will be available to all employees to ask questions related to deductions, general benefits questions, etc. The process of implementation of Phase 1, is expected to be completed by March 31, 2014.

In order to accomplish Phase 1, it will be imperative that all 22 participating colleges, adhere to the time lines set forth in the project plan. FCSRMC and FBMC do recognize that the time line is demanding, but it is necessitated by the fact that our current Billing Portal is failing and the infrastructure is failing and obsolete.

Thank you for your support in this initiative.

Justin Piazza

Enterprise Risk Manager

Benefits Administration and Consolidated Billing VETTING COMMITTEE REPORT

November 12, 2013 OVERVIEW The Florida College System Risk Management Consortium (FCSRMC) secured approval from the Operations Committee to form a Vetting Committee for the Consortium wide benefits administration and consolidated billing platform. The Committee was formed and consisted of 17 Members: 1 Business Officer, 11 HR Directors and/or Benefits Administrators, and 5 FCSRMC staff. FCSRMC spent several months interviewing appropriate companies in the benefits administration and consolidated billing field. It was determined that there were two vendors, FBMC and Benefitfocus, that would be the best fit for the Consortium. BACKGROUND It was determined that the Consortium employee benefit plan administration was in need of two critical areas of improvement in order to effectively and efficiently serve the member colleges into the future. The first need was the replacement of the current outdated accounts receivable administration function that essentially was a manual process with some limited legacy systems support. The second need was to move from a predominantly manual process to a highly efficient and effective automated enrollment and compliance administration. Our market evaluation included formal interview sessions with Buck, Mercer and Segal from the State approved list of national actuarial benefit consulting firms along with FBMC as a Florida based regional vendor that serves a number of major public entities in the State. BenefitFocus as the current enrollment administrator for FloridaBlue was subsequently included in the evaluation process. VETTING PROCESS On October 29th, The Vetting Committee (members below) convened for an organizational discussion and a complete review of FBMC and Benefitfocus’s respective programs. Justin Piazza chaired the Committee as the Project Manager. At the completion of the formal presentations by each vendor the Committee met together to discuss the materials presented, and the benefits and drawbacks for each respective program. At the conclusion of that meeting it was determined additional information was required from each vendor before the Committee could reach a decision on a recommendation.

FCSRMC requested additional information from each vendor. In addition, a member of the Vetting Committee checked the references provided by each vendor. Security measures were also checked and verified with the help of Edison State College’s CIO. COMMITTEE ASSESSMENT The Vetting Committee, with FCSRMC staff abstaining, voted 10-1 (One Vote Per College) to recommend FBMC as the vendor for the Consortium’s Benefit Administration and Consolidated Billing Platform. One Member of the Vetting Committee abstained from voting because they were unable to attend the vetting workshop. RECOMMENDATION AND ASSOCIATED COST: Based on the voting of the Vetting Committee, FCSRMC is requesting approval on the Vetting Committee’s recommendation. FCSRMC will work with FBMC on a phased approach to implementation, with all colleges being fully implemented by Jan. 1, 2015. Per Employee Per Month (PEPM): $2.23 Implementation Fee: $0 Based on 11,000 Employee Count: Year 1 Total Cost: $294,360 (11,000 x 2.23) x 12 Year 2 Total Cost: $294,360 Year 3 Total Cost: $294,360 VETTING COMMITTEE: Voting Members: Ronald Dente: Edison State College Vivian Friend: Pasco Hernando Community College Susie Hale and Anita Kovacs: South Florida State College (Joint Vote) Jill Hall: Polk State College Bill Hunter: North Florida Community College Tonya Kelly: College of Central Florida (abstained from voting) Mae Kline: Seminole State College

Anita Kovacs: South Florida State College Jennifer Lahurd: State College of Florida Manatee/Sarasota Al Little: Saint Johns River State College Fran Pistilli: Lake Sumter State College Renae Tolson: Tallahassee Community College Non-Voting Members: Chauncey Fagler: FCSRMC Executive Director Natalie Dyksterhouse: FCSRMC Tony Ganstine: FCSRMC Justin Piazza: FCSRMC Robert Pralle: FCSRMC

CO

ST

AN

ALY

SIS

*BAS

ED ON 11,000 PER EM

PLOYEE PER MONTH

 COUNT (PEPM)

PEPM

:  $7.65 (All Inclusive)

Implem

entatio

n Fee:  $333,000

•Year 1:  $809,100

•Year 2:  $544,100

•Year 3:  $544,100

PEPM

:  $2.23 (All Inclusive)

Implem

entatio

n Fee:  $0

•Year 1:  $294,360

•Year 2:  $294,360

•Year 3:  $294,360

Note:  In previous m

arket e

valuation, Ceridian includ

ed a to

tal:

•Year 1:  $1,285,200

•Year 2:  $871,200

•Year 3:  $871,200

Information Item 3.a. Direct Service Organization/Foundation

Coverage

Proposed Task Force to Review Foundation/DSO Coverage

Background:

Over the years, the position of the Council of Presidents has been that the FCSRMC does not

provide insurance coverage or risk management services to Direct Service Organizations (DSOs),

including college foundations. This position was established, in part, because of a concern that

DSOs and Foundations may not be subject to the provisions of Fl. Stat. 768.28, dealing with

Sovereign Immunity. A recent ruling in: UCF Ath. Ass'n v. Plancher, 121 So. 3d 1097, (Fla. 5th

DCA 2013), has confirmed that under certain circumstances, DSOs may be entitled to limited

Sovereign Immunity as described in 768.28.

In addition, the FCSRMC has received a number of requests from Member Colleges concerning

possible insurance coverage for Foundations, and Foundation property.

Questions and Possible Implications:

If DSOs are entitled to limited Sovereign Immunity, there may be overlaps in liability coverage

between insurance policies which are currently being purchased by the DSOs coverage, and the

terms of the FCSRMC Plan Document. In addition, questions continue to arise regarding possible

overlaps or gaps in other areas of coverage including: Errors and Omissions, Crime, Property,

Auto Liability, etc.

Proposed Task Force (Sub-Committee):

The FCSRMC Operations Committee is recommending that a task force or subcommittee be

formed and charged with reviewing the current process for insuring DSOs and determining if

any changes or recommendations are warranted in regards to the relationship between DSOs

and Foundations and the FCSRMC.

The task force representatives should include a cross section of FCSRMC participating members,

to include Foundation Officers, FCSRMC staff, College Attorneys, Business Officers and Risk

Managers.

Information Item 3.b. Legal Panel Application

Agenda Item 5.a.2.

FCSRMC Litigation Panel Application

Firm Information

Firm Name: Lead Contact:

Address: Street Address Suite # City State ZIP Code Phone: Email Partner Hourly Rate: $

Associate Hourly Rate: $

Paralegal Hourly Rate: $

Travel rate: $_______________ URL/Web Address: ____________________________________ Area of Emphasis: Counties covered (without additional fees for travel): ________________________________________________ Have you ever provided service to FCSRMC?

YES

NO If yes, when?

Were you referred to FCSRMC by a member college?

YES

NO By whom?

Name Title

References Please list two professional references.

Full Name: Relationship:

Company: Phone:

Address: Full Name: Relationship:

Company: Phone:

Address:

Agreement to abide by Litigation Guidelines and Signature I agree to handle and defend claims based upon the FCSRMC Litigation Guidelines.

Signature: Date:

FCSRMC Litigation Guidelines March 1, 2014 - March 1, 2015

This guideline is intended to communicate the expectations and guidelines of our litigation management program. Any attorney or firm representing FCSRMC and/or its members must agree to and comply with the stated guidelines. The FCSRMC shall not be responsible for payment of legal services and/or expenses incurred should they fail to be in compliance with these guidelines. As such, familiarize yourself with these guidelines, and communicate them to your staff, and/or other counsel in your office who may be involved in the defense of our claims. Assigned counsel: Optimally, each case should be handled by a core group of legal professionals in your office. We expect that one attorney will be assigned to the case, and he/she may be assisted by an associate or paralegal. Counsel should remain on the case from start to finish unless otherwise discussed and approved by FCSRMC. Assignment of the case: Defense files will be forwarded to the lead counsel by the claims professional assigned to the claim. The assignment will be accompanied by a letter summarizing the claim information available to the adjuster at that time. The letter will also specify the immediate defense work that should be undertaken until an agreed defense strategy is determined. Within 3 days of the receipt of the assignment, counsel should send a brief acknowledgement of receipt of the materials in writing confirming the assignment of the case. Within 2 weeks of the assignment, the defense attorney must contact the adjuster to advise of their initial assessment and recommended plan based upon the information known to date. Thereafter, a detailed initial report and litigation plan will be due within 30 days of the initial assignment. Litigation Management Plan: A Litigation Management Plan is a detailed defense strategy developed cooperatively amongst the defense attorney, the claims adjuster, and when appropriate, FCSRMC. The plan should include:

• Initial analysis of the lawsuit and/or coverage issues • Identification of issues and case objectives • Development of defense strategy • Identification of required activities • Target dates for completion and projected cost for each litigation phase and anticipated activity

(budget) • Venue and jurisdictional concerns • Liability and damages issues • Legal and factual defenses • Recommendations for additional investigation (subject to adjuster approval) anticipated discovery

required and what will be achieved by doing so • Measures to be taken to achieve a summary disposition • Case value and settlement value

Counsel will memorialize the issues and strategies agreed to via a litigation plan and budget within 90 days from the date of initial assignment and send to the adjuster. The litigation status should be modified as circumstances dictate, and any changes in the plan should be highlighted. Any changes to the anticipated budget should also be highlighted. Legal Status Report: Counsel shall provide to the adjuster a written status report every 90 days, or upon occurrence of a significant event which affects the litigation plan, strategy, and/or budget. Status reports should succinctly state and analyze activities and information learned since the last status report. Counsel shall

immediately advise the adjuster of any meditation dates, settlement conferences, or hearing dates anticipated and/or scheduled by the court. When providing a status report, please include any new developments and give the adjuster an analysis the developments have on the overall strategy and evaluation of the case. FCSRMC is looking to counsel to provide expertise and opinion to the adjuster, not a simple regurgitation of factual events. Discovery/Depositions: Counsel shall provide the adjuster with copies of significant pleadings/documents. Status reports relating to or accompanying discovery should highlight the significance and impact they have on the case, not simply restate the information therein. All depositions initiated by defense counsel retained to represent FCSRMC or its members must be discussed with and approved by the adjuster. Following depositions, the adjuster shall be notified of the deposition highlights and the effect on the overall case shall be included in the following status report. Investigation: Unless otherwise agreed, the adjuster will carry out all investigations required on third party claims. Legal research: Counsel shall obtain authorization from the adjuster prior to undertaking extraordinary legal research (research over 3 hours). Counsel should be prepared to discuss the purpose for the proposed research, how it relates to the litigation plan, and estimated cost associated with the research. Approval must be noted on the invoice. Medical records: Counsel shall not prepare detailed page and/or line digests, or detailed summaries of medical records unless requested by the adjuster. A brief summary of the relevance and effect on the case is all that is required. Experts: Experts must be approved in advance by the adjuster. Counsel should be prepared to explain the purpose of retaining the expert, a detailed assessment of the expert’s experience as well as the proposed budget for the retention of the expert. Negotiations and settlement: Defense counsel and the adjuster shall act cooperatively in the negotiation and settlement of appropriate cases. The adjuster is responsible for direct negotiation of the settlement. Counsel is expected to assist the adjuster as requested to effectively and quickly resolve litigated matters. The adjuster must be notified in writing of all settlement demands, settlement offers made by interested parties, and of all pretrial settlement conferences anticipated and/or scheduled by the court as soon as that information becomes known. Requests for settlement must be made on a timely basis, and requests for settlement authority on the “eve of trial” or the day prior to a known mediation will not be acceptable. Any settlement authority granted by FCSRMC will expire 90 days following the extension of authority from the FCSRMC. Pretrial report: At least 45 days prior to a scheduled trial date, counsel shall complete and submit to the adjuster a pre-trial report, and schedule a conference with the adjuster to discuss witness preparation, evidence evaluation, and overall strategy. Travel: Local travel is defined as less than 50 miles round trip. FCSRMC will not pay for local travel time, but will reimburse reasonable local travel expenses. Long-distance travel is defined as greater than 50 miles round trip. Long distance travel time and expenses must be approved in advance by the adjuster. FCSRMC will pay the full hourly rate for active travel (driving) and ½ the hourly rate for passive travel (flying, train travel) Any time billed to another file during travel shall not be billed to travel for the assigned file. Any time spent working on the assigned FCSRMC file during local or long-distance travel time may be billed at the full hourly rate. Mileage reimbursement shall not exceed applicable IRS rates.

Trial: Unless otherwise agreed to by the adjuster, only one trial attorney will participate at trial. Trial counsel shall keep the adjuster apprised of the status of the trial at least once daily. Post-trial/Appeal: Within 3 days of the return of a judgment entered in a case affecting FCSRMC, or a member, counsel shall contact the adjuster to discuss post-trial and/or appellate issues that may impact the case. Fees and general billing practices: The hourly rates for legal service offered by your firm must be agreed to in advance and confirmed in writing by FCSRMC. Requests for hourly rate increases must be submitted in writing to FCSRMC at least 90 days prior to the proposed effective date of the increase. FCSRMC will not be responsible for any unilateral rate increases. FCSRMC will not pay for:

• Preparation of invoices or responses to billing questions • Preparation of responses to requests from legal auditors • Time spent reviewing or analyzing the law firm’s conflicts issues, opening or closing the files, or

administrative activities • Clerical work performed by attorneys or paralegals • Charges directly related to the departure of a lawyer or paralegal (including start-up work or

higher rates for replacement personnel) • Research on elementary issues which should be understood by an experienced defense firm. • Research or other work initially prepared for other files • Computerized research

Unless approved by adjuster, FCSRMC will not pay for:

• Extraordinary legal research • Digesting or otherwise preparing line and page summaries of depositions or testimony before trial

is imminent • Excessive reworking or redrafting of pleadings, correspondence, legal memoranda or other

documents • Trial preparation undertaken when trial is not imminent • More than one attendee at deposition or trial, hearing, court appearance, meeting with third

parties, or any other similar or related events • Duplicated effort caused by law firm’s staffing or training requirements • Time billed for greater than one lawyer involved in an intraoffice or interoffice communication

(including memoranda). Only the most senior attendee’s time is considered. • Motions and legal memoranda unless litigation time constraints preclude prior approval from the

adjuster • Time billed by summer associates or law clerks. If approved, the hourly rate shall not exceed the

paralegal rate • Activities that deviate from the stated guidelines and procedures contained in this document.

Expenses: FCSRMC will only pay the actual incurred costs for expenses. We will only pay expenses of $500 or more if the adjuster approved the expense prior to when it was incurred. Bills for expenses which require pre-approval of the adjuster must indicate the name of the approving adjuster, and the date on which it was approved.

All bills for expenses must have supporting documentation available for review. Single expenses of $100 or more must be accompanied by supporting documentation. All invoices must contain a detailed itemization by category, cost item and date. FCSRMC will pay for:

• Photocopying up to 10 cents per page. The per page rate, date of the photocopying was performed, and the number of copies made must be noted on the bill

• Reasonable pre-approved long-distance travel expenses including airline transportation, not to exceed coach fares. Travel charges must provide detailed travel and itinerary information. Original receipts (including copies of tickets) must be submitted for all travel expenses exceeding $25.

• Experts expenses, provided prior approval for these expenses was given by the adjuster. • Messenger delivery and air/freight courier expenses, if required to meet litigation deadlines. • Court filing fees, jury fees, and witness fees • Litigation exhibits if pre-approved by the adjuster • Expenses for services provided by contractors or other non-employees of the law firm if approved

by the adjuster in advance.

FCSRMC will not pay for: • Case management or litigation software or systems • Continuing education for any personnel • Local travel time (less than 50 miles round trip) • Incoming or outgoing fax charges • Local or long distance telephone charges • Overhead including rent, conference rooms, equipment rentals, utilities, computer equipment,

software, books, publications, seminars, office supplies, routine postage, refreshments during meetings, employee courier services, meals, and non-attorney or non-paralegal staff

• Law office overtime charges • Overtime transportation and meals • Inadequately described or miscellaneous expenses • Secretarial and clerical work

Billing procedures: • FCSRMC shall establish the policies and procedures for submission of legal bills by counsel • For fees and expenses that, under these guidelines require advance approval, the name of the

claims adjuster from whom approval was obtained must be noted on the bill. • FCSRMC may withhold payment of bills that, in whole or in part, do not comply with the stated

guidelines • Bills should be submitted every 30 days. • Each bill shall reflect entry of single-activity time records. All time must be billed in tenth-of-an-

hour increments. No formula or value billing is permitted. Bills must reflect only actual time spent on a task. Block-billed time records are not acceptable and bills containing block-billed entries will be returned for proper formatting.

• Each time record shall provide the date of performance, type of work performed, the identity of the staff member performing the work, and the amount of time spent performing the task (in tenth-of-an-hour increments)

• Final invoice must be sent to the adjuster within 10 business days of final activity

Bill format: Timekeeper information: Each bills should provide a summary of the charges billed by each individual timekeeper showing:

• The timekeeper’s full name • The initials or other identifier used to identify the timekeeper in the records • His/her status (partner, associate, paralegal) • The timekeeper’s hourly rate • Total hours billed be each timekeeper included on the invoice • Corresponding total dollar amount charged by each timekeeper

Each time record shall provide a detailed description of all work performed. Billing Judgment: FCSRMC expects to be charged reasonable fees for legal services as recognized in the prevailing rules of professional ethics. As an example, we expect the firm’s hourly charges to be reduced where, in the exercise of billing judgment, you believe the charges exceed the value of what was delivered or accomplished

Information Item 3.c. International Travel

WorldRisk Foreign Commercial Package

WorldSource

The WorldRisk Foreign Commercial Package provided by WorldSource, a division of Chartis, provides flexible coverage solutions for the overseas operations of commercial U.S. and Canadian-based multinational organizations. Clients can choose up to nine different coverage options, plus a host of value-added coverage and service enhancements, to protect the breadth of their foreign exposure under one insurance portfolio. Coverage Clients can choose up to nine of the following foreign coverage options for a minimum premium of $2,500:

– Foreign Commercial General Liability including embedded third-party Accidental Death & Dismemberment coverage. > Limits: up to $10 million per occurrence

– Foreign Automobile for owned, hired or non-owned vehicles excess of locally required coverage. > Limits: up to $10 million per accident

– Foreign Comp Elite® including employers’ liability coverage for all classifications of employees. > Limits: up to $10 million for employers’

liability and up to $1 million for excess repatriation

– Travel Accident & Sickness including 24-hour, 365-day medical and legal assistance services overseas provided by Travel Guard, a Chartis company.

> Limits: wide range of options

– Commercial Property for real and personal property, or property at exhibition or in-transit. > Limits: up to $10 million per location

– Kidnap & Ransom/Extortion for kidnap or ransom, extortion, wrongful detention or hijacking occurrences while traveling abroad. > Limits: available up to $1 million

– Marine Ocean Cargo with optional war risk coverage. > Limits: $500,000 per vessel or conveyance

per occurrence

– Commercial Crime coverage for employee theft or forgery or robbery inside or outside of the premises. > Limits: $25,000 per occurrence and

$50,000 in the aggregate

– Political Risk for confiscation, expropriation or nationalization. > Limits: up to $500,000

Why Choose WorldRisk:

Global Network – Owned operations – On-the-ground

contacts – Local intelligence – Presence in emerging

markets

Claims Capabilities – Payments made

in-country – Proven specialist

network – Best-in-class crisis

response

Value-Added Services – Technological

efficiencies – Account

management – Educational

resources

Continued >

Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at www.chartisinsurance.com.

All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

10/09

WorldRisk Foreign Commercial Package

WorldSource

Coverage Benefits

– Clients have the flexibility to choose nine different coverages under one insurance portfolio with one minimum premium and one invoice.

– Two and three-year policies are available.

– Our internal system platform allows clients to:

> Receive a trip travel quote within one business day of receiving the application

> Receive an electronic policy within one business day of binding

> Enjoy a streamlined renewal process

– Where required, locally admitted policies can be provided throughout Chartis’ owned global network which currently serves clients in over 160 countries and jurisdictions.

– Limits and premiums are available in either U.S. or Canadian Dollars.

Service Benefits

– Clients are provided 24-hour employment injury benefits on a primary basis while traveling overseas on a business trip through Foreign Comp Elite coverage.

– Clients can have immediate access to the resources needed to manage a man-made crisis event through CrisisResponse®, added by endorsement to General Liability coverage.

– The 24-hour, 365-day emergency medical and travel assistance services of Travel Guard are available to clients if an employee gets sick or injured while overseas.

Claims Benefits

– WorldSource claims specialists offer clients specialized support for a variety of claims throughout our claims offices in New York, Dallas, Dubai, Istanbul, San Juan, Croydon and Manchester.

> Further claims support is given by the Chartis worldwide network of 345 claims offices around the world

– We have the ability to remit foreign currency bank transfers to more than 180 countries in over 135 currencies when paying claims.

Target Classes

– Foreign Exporters and Importers

– Manufacturers

– Higher Education Institutions (study abroad programs, foreign travel)

– Non-Profit Organizations

– Energy

– Entertainment

– Service Companies (engineering, consulting, researchers)

– Specialty Trade Contractors

– Financial Services

– Many Other Classes Available

Information Item 3.d. 2014 Risk Summit

2014 Risk Summit When: June 10-12, 2014

Where: Best Western Plus, Gainesville, FL

June 10th: Evening Reception

June 11th: Breakfast, Lunch, and Dinner

June 12th: Breakfast and Lunch

FCSRMC will cover both Employee Benefits and Property & Casualty on June 11th and the 12th. Possible topics include: Healthcare Reform, FBMC Benefits Administration and Self-Billing, Wellness, Enterprise Risk Management, Risk Management Information System, and much, much more. If you have a specific topic that you would like to be considered, please email Tony Ganstine at tganstine@fcsrmc.com.

Information Item 3.e. Shoes for Crews

Safety & Loss Prevention: FCSRMC has noticed an uptick in WC claims the last few years. The most significant contributing factor Workplace Slip and Fall’s. Last year alone FCSRMC claims due to slip and fall accidents in the workplace, totaled a little more than $1.8 million dollars. FCSRMC is committed to doing all it can to help curb these preventable costs. To that end, the FCSRMC Operations Committee has budgeted $50,000 for the 14-15 budget year for a pilot program with Shoes For Crews. Shoes For Crews a company that specializes in Reducing workplace slip & fall accidents by making and selling slip-resistant footwear. FCSRMC will be analyzing our Slip and Fall data and would like to partner with one College to implement a Shoes For Crews initiative. FCSRMC would provide a recommended number of shoes for those employees in Maintenance, Environmental Services, Facilities, and Food Services, at the Pilot College. After one year, FCSRMC will analyze the cost vs. ROI. We believe implementing this Shoes For Crews Safety Footwear Program for the Consortium could be an effective way to reduce your costs and protect your employees.

FCSRMC expects an effective Shoes For Crews initiative, will result in an average 70% decrease in Slip and Fall Costs.

Justin Piazza

Enterprise Risk Manager

Shoes For Crews® Safety Solutions

Shoes For Crews (SFC) Customer Commitment & Vision Statement Reduce workplace slip & fall accidents by making and selling the

best slip-resistant footwear in the world while delighting our customers.

™ and © 2014 Shoes For Crews, LLC | All Rights Reserved

reduce your employee’s risk of

slip & fall accidents up to 90%

decrease workers’ compensation costs

due to slip & fall accidents

increase employee productivity &

reduce employee lost workdays

Shoes For Crews’ patented outsole OUTGRIPS the competition!

Costs due to slip and fall accidents can be frightening. Implementing a SFC Safety Footwear Program for your company, franchise, or unit location may be the single most effective way to reduce your costs, increase your profit margin and protect your employees.

Reduce workers’ compensation claims while increasing employee safety. Reduce insurance premiums while increasing employee morale and productivity.

average cost of a slip & fall accident is $21,782

slip and falls account for more injury and workers’ comp costs

slip-resistant footwear can reduce the rate of slipping by over 50%

safety put to the test Shoes For Crews’ top-rated, patented outsole speaks volumes to our commitment to safety; it’s what sets us apart from the rest. Using a third-party slip-resistant testing laboratory, our patented SFC Mighty Grip® outsole was compared to our top competitors on a smooth, worn quarry tile covered with Crisco brand shortening and water.

0.580.4

0.390.38

0.370.37

0.330.32

0.280.27

0.20.05

0 0.1 0.2 0.3 0.4 0.5 0.6 0.7

Shoes For CrewsSR Max

TredSafe by WalmartDansko

Payless Safe-T-StepTimberland PROLehigh SlipGrips

New Balance (SR Shoe)Keuka/SureGrip

Skechers WorkNursemates

Worx by Red Wing

December 2013 Independent Testing by Precision Testing Laboratories

importance of the coefficient of friction (COF) A crucial element in slip and fall prevention is maintaining the best possible COF. The COF is a measured amount of resistance between an object and a surface. The higher the friction between the shoe’s outsole and the floor, the lower the risk of injuries due to slipping and falling.

0.0 is the absence of friction and 1.0 is very high friction (e.g., dry carpet). For more information on our Independent Lab Testing, visit shoesforcrews.com/technology

Liberty Mutual Research Institute for Safety:

The rate in which an employee falls reduces by 21% for every .10 COF measured.

1Scott, W. E., PHD PE. "Falls at Work." National Safety Council Presentation (2007-2008). 2“Workplace Safety Index.” Liberty Mutual Research institute for Safety (2010). 3“From Research to Reality.” Liberty Mutual Research Institute for Safety Vol. 14 (2011).

delivering safety is our #1 priority

1

2

3

safety made simple

get started today. select your corporate program

corporate discount pricing for over 100 styles SFC offers corporate discount pricing beyond the Factory Direct Price, the charged amount when purchased directly through our consumer catalog or website, averaging a 23% savings. With over 100 styles, SFC has a shoe that fits every taste, job and budget; from cowboy boots to ballerina flats, we have you covered! Our shoes are made of quality materials designed to keep you comfortable and stand the test of time.

*Expected slip and fall reduction is 80% multiplied by the average participation percent. Many factors contribute to the cost savings you will see when implementing a SFC Safety Footwear Program. The largest is the participation rate you achieve. SFC estimates that your slip and falls will decline by 80% or more when participation in an SFC Program approaches 100%. Factors that contribute to slips and falls include: first day/new employees and guests not wearing SFC footwear, employees tripping on objects, and employees wearing SFC footwear that is more than 6 months old. These are estimates based on actual customer data. Results may vary.

$5,000 slip & fall warranty

Shoes For Crews is so confident in the slip resistance of our outsoles that we back each pair of shoes purchased through a corporate program with a $5,000 slip & fall warranty. Should any employee have a slip and fall accident while wearing SFC brand footwear, we will reimburse you up to $5,000 per incident. Visit shoesforcrews.com/warranty

60-day wear & compare guarantee

If, for any reason, you are not 100% satisfied, we offer FREE Exchanges or E-Z Returns. No questions asked. Return the shoes within the first 60 days for a FREE Exchange or an E-Z Return using the pre-paid UPS label provided in

each pair purchased. Visit shoesforcrews.com/guarantee for more details.

tailored program & dedicated SFC representative We make signing up and maintaining your program seamless and easy. You’ll work with a dedicated SFC representative,

familiar with your account and needs, providing you outstanding service and a tailored program. SFC offers an array of marketing materials to reach your employees as well as custom portals and convenient billing options.

24/7 ordering & customer service available Call or click 24 hours a day, 7 days a week. A team of knowledgeable customer service representatives are available to answer any concerns or question you may have. Order online or by phone, fax or email. For your convenience, we offer support in English, Spanish, French and Mandarin Chinese.

“We’ve tested other brands, but have not found the slip resistance or durability that we have found in SFC. Since our program’s inception, we have seen a reduction in our slip and fall claims by 81%.”

-Kurt Leisure, VP of Risk Services, Cheesecake Factory

“They (Shoes For Crews) have saved us millions in claims and we have never had one slip and fall injury with a SFC product... we have seen a drastic reduction in slip, trip and fall claims by 95%.” -Joey Pamaran Tugung, Director, Risk Management, Unified Care Services

“SFC ensures the safety of our most important resources – our team members. They are by far the best slip-resistant shoes out there!” -Mark Jeffares, Risk Manager, Chick-fil-A

“Without a doubt, SFC has made a significant impact in terms of reducing and preventing slip and falls in the workplace.” -Lonnie Harvey, Corporate Director of Human Resources and Risk Management, HCM Inc.

testimonials & trusted partners in safety

join over 15,000 companies in more than 100,000 locations worldwide that rely on SFC

as their solution for slip & fall accidents

Visit us online at shoesforcrews.com | call 1.877.NO SLIPS (667.5477)

Information Item 4.a. Self-Insured Health Plan Update

SELF-INSURED HEALTH PLAN UPDATES

FINANCIAL 2013 Paid Claim Forecast $60,446,835 2013 Paid Claim Actual1 $60,492,096 2014 Paid Claim Forecast updated to reflect Daytona State College actual enrollment and the specific college plan selections (0%, 5% and 8% rate change). COLLEGE 2014 PLAN SELECTIONS AND CONTRIBUTION

11 colleges selected 8% change 6 colleges selected 0% and 8% change 1 college selected 5% and 8% change 1 college selected 5% change 1 college selected 0% and 5% change 1 college selected 0%, 5% and 8% change 1 college selected 0% change

16 colleges contribute 100% employee rate for all offered plans 4 colleges contribute 100% employee rate for lowest cost plan 1 college contributes 92% employee rate for all offered plans 1 college contributes 85% employee rate for all offered plans

1Annualized based on 11 month’s actual.

HEALTH CARE REFORM IMPACTS

For 2014 the colleges participating in the Consortium health plans were provided the option to remain on their current benefit plans that have a grandfathered compliant status at an 8% rate change or each individual college could select to offer the newly introduced completely compliant benefit plans at 0% and 5% rate change levels. The new plans are positioned very favorably for future Health Care Reform requirements. Each college could offer any combination of plans to their employees and dependents.

A 3% to 5% impact on paid claims can be anticipated from the Health

Care Reform mandated benefit change requirements.

Health Care Reform fees for the Consortium health plans are expected to be $975,000 for 2014 and $705,000 for 2015 based on the current available information.

In 2015 the Employer Shared Responsibility mandate for employees working 30 hours or more will be effective. The Consortium proactively introduced a minimum essential coverage product that meets the mandate requirements into their portfolio in 2014 so that it is ready for the colleges to potentially use as an offering.

Information Item 4.b. 2014 Employee Benefit Plans

1/27/2014

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duced effort to

 enter, retrie

ve, access, and

 analyze stored

 data

Process

•Synchron

ized exchange of p

articipant records 

to/from HR staff, HR

IS sy

stem

s, carrie

rs and

 payrolls

•Intuitive enrollm

ent system in

 a single portal for all 

bene

fits and do

cuments 

•Synchron

ized exchange of p

articipant records 

to/from HR staff, HR

IS sy

stem

s, carrie

rs and

 payrolls

•Intuitive enrollm

ent system in

 a single portal for all 

bene

fits and do

cuments 

Techno

logy

Be

ne

fits

Ad

min

istr

atio

n

Fort

hc

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ing

A s

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pla

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ME

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PL

AN

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•$25

 / $4

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter $35

 In‐Network Co

pay

•$50

0/ $1,50

0  Calen

dar Y

ear D

eductib

le (C

YD)

•$5,00

0 / $

10,000

 Out‐of P

ocket M

axim

um Per Person

•$15

 / $4

5 / $

65 Pharm

acy

•$25

 / $4

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter $35

 In‐Network Co

pay

•$50

0/ $1,50

0  Calen

dar Y

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eductib

le (C

YD)

•$5,00

0 / $

10,000

 Out‐of P

ocket M

axim

um Per Person

•$15

 / $4

5 / $

65 Pharm

acy

PP

O P

lan

Blu

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on

s 3

56

2

•$25

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ily Physic

ian Office Cop

ay 

•Urgen

t Care Ce

nter  CYD

 + 25%

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•$1,00

0 Calend

ar Year D

eductib

le•$5,00

0 / $

10,000

 Out‐of P

ocket M

axim

um•$15

 / $4

5 / $

65 Pharm

acy

•$25

 Fam

ily Physic

ian Office Cop

ay 

•Urgen

t Care Ce

nter  CYD

 + 25%

  In‐Network

•$1,00

0 Calend

ar Year D

eductib

le•$5,00

0 / $

10,000

 Out‐of P

ocket M

axim

um•$15

 / $4

5 / $

65 Pharm

acy

PP

O P

lan

Blu

eO

pti

on

s 3

56

6

•$25

 / $4

0 Ph

ysician Office Cop

ay•U

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t Care Ce

nter $35

 Cop

ay•N

o Calend

ar Year D

eductib

le (C

YD)

•$5,00

0 / $

10,000

 Out‐of P

ocket M

axim

um•$15

 / $4

5 / $

65 Pharm

acy

•$25

 / $4

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter $35

 Cop

ay•N

o Calend

ar Year D

eductib

le (C

YD)

•$5,00

0 / $

10,000

 Out‐of P

ocket M

axim

um•$15

 / $4

5 / $

65 Pharm

acy

HM

O P

lan

Blu

eC

are

10

ME

DIC

AL

PL

AN

SS

ele

cti

on

Co

nti

nu

ed

•PCP

 Office Visit C

YD + 20%

 

•Urgen

t Care Ce

nter  CYD

 + 20%

•$1,00

0/ $3,00

0 Calend

ar Year D

eductib

le (C

YD)

•$15

 / $4

5 / $

65 Pharm

acy

•$3,00

0 / $

9,00

0 Out‐of P

ocket M

axim

um•H

RA Accou

nt / De

bit C

ard  Offsets ½

 of the

 Ded

uctib

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Employee

 $50

0, Employee

 + Spo

use $1

,000

, Employee

 + 

Family $1,50

0

•PCP

 Office Visit C

YD + 20%

 

•Urgen

t Care Ce

nter  CYD

 + 20%

•$1,00

0/ $3,00

0 Calend

ar Year D

eductib

le (C

YD)

•$15

 / $4

5 / $

65 Pharm

acy

•$3,00

0 / $

9,00

0 Out‐of P

ocket M

axim

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PP

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9

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter‐$5

0 Co

pay

•$60

0/ $1,80

0  Calen

dar Y

ear D

eductib

le (C

YD)

•$6,00

0 / $

12,000

 Out‐of P

ocket M

axim

um•$15

 / $6

0 / $

100 Ph

armacy

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter‐$5

0 Co

pay

•$60

0/ $1,80

0  Calen

dar Y

ear D

eductib

le (C

YD)

•$6,00

0 / $

12,000

 Out‐of P

ocket M

axim

um•$15

 / $6

0 / $

100 Ph

armacy

PP

O P

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59

ME

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AN

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•$30

 / $5

0 Ph

ysician Office Cop

ay•U

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nter $80

 Cop

ay•N

o Calend

ar Year D

eductib

le (C

YD)

•$5,00

0 / $

10,000

 Out‐of P

ocket M

ax. 

•$15

 / $6

0 / $

100 Ph

armacy

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter $80

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ay•N

o Calend

ar Year D

eductib

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•$5,00

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ax. 

•$15

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0 / $

100 Ph

armacy

HM

O P

lan

Blu

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are

51

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

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nter  $65

 Cop

ay 

•Calen

dar Y

ear D

eductib

le (C

YD) $

600/$1

,800

•$6,00

0 / $

12,000

 Out‐of P

ocket M

ax. 

•$15

 / $4

5 / $

65 Pharm

acy

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

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nter  $65

 Cop

ay 

•Calen

dar Y

ear D

eductib

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YD) $

600/$1

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•$6,00

0 / $

12,000

 Out‐of P

ocket M

ax. 

•$15

 / $4

5 / $

65 Pharm

acy

PP

O P

lan

Blu

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on

s0

37

69

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

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t Care Ce

nter $80

 Cop

ay•N

o Calend

ar Year D

eductib

le (C

YD)

•$6,00

0 / $

12,000

 Out‐of P

ocket M

ax. 

•$15

 / $4

5 / $

65 Pharm

acy

•$30

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter $80

 Cop

ay•N

o Calend

ar Year D

eductib

le (C

YD)

•$6,00

0 / $

12,000

 Out‐of P

ocket M

ax. 

•$15

 / $4

5 / $

65 Pharm

acy

HM

O P

lan

Blu

eC

are

58

ME

DIC

AL

PL

AN

SS

ele

cti

on

Co

nti

nu

ed

•Alte

rnative plan

 for e

ligible employees that h

ave  health

 coverage 

through anothe

r sou

rce.  

•Den

tal

•Vision

•Alte

rnative plan

 for e

ligible employees that h

ave  health

 coverage 

through anothe

r sou

rce.  

•Den

tal

•Vision

DV

Pla

n

De

nta

l & V

isio

n P

lan

•$35

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter ‐De

ductible + 50%

 Coinsurance

•Calen

dar y

ear D

eductib

le (C

YD) $

1,50

0/$4,500

•Out of P

ocket M

ax:  In‐Network $6

,350

 / $1

0,00

0•$10

 Gen

eric Only Ph

armacy

•$35

 / $5

0 Ph

ysician Office Cop

ay•U

rgen

t Care Ce

nter ‐De

ductible + 50%

 Coinsurance

•Calen

dar y

ear D

eductib

le (C

YD) $

1,50

0/$4,500

•Out of P

ocket M

ax:  In‐Network $6

,350

 / $1

0,00

0•$10

 Gen

eric Only Ph

armacy

PP

O P

lan

Blu

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on

s0

39

00

(Pa

rt-T

ime

)

BLU

EM

ED

ICA

RE

PL

AN

Se

lec

tio

n

•Med

icare eligible

•$10 / $

30 In

‐Network Ph

ysician Office Cop

ay•CY

D & 20%

 Out‐of‐N

etwork Ph

ysician Office

•Ca

lend

ar Year D

eductib

le (C

YD) ‐

$0 In

‐Network/ 

$1,000

  Out ‐of‐Network

•Out‐of P

ocket M

axim

um $1,000 In‐Network / 

$3,000

 Out ‐of‐Network.

•$150

 Inpatie

nt  H

ospital Care ‐Co

pay (per day 1‐7 

for a

 Med

icare covered stay in a network ho

spita

l)•$10 / $

40 / $70 Ph

armacy

•Med

icare eligible

•$10 / $

30 In

‐Network Ph

ysician Office Cop

ay•CY

D & 20%

 Out‐of‐N

etwork Ph

ysician Office

•Ca

lend

ar Year D

eductib

le (C

YD) ‐

$0 In

‐Network/ 

$1,000

  Out ‐of‐Network

•Out‐of P

ocket M

axim

um $1,000 In‐Network / 

$3,000

 Out ‐of‐Network.

•$150

 Inpatie

nt  H

ospital Care ‐Co

pay (per day 1‐7 

for a

 Med

icare covered stay in a network ho

spita

l)•$10 / $

40 / $70 Ph

armacy

Blu

eM

ed

ica

reP

PO

1

Fu

lly In

sure

d

Me

dic

are

Elig

ible

FLO

RID

A B

LUE

Blu

e C

ross

Blu

e S

hiel

d of

Flo

rida

www.floridablue.com

PP

O D

EN

TAL

PL

AN

SS

ele

cti

on

•DED

UCT

IBLE:  $5

0 Per p

erson pe

r calen

dar y

ear –

applies to Ba

sic and

 Major Services.

•MAX

IMUM BEN

EFITS:  $1,00

0 Calend

ar Year M

axim

um.

•PRE

VENTIVE

 SER

VICE

S:  N

o De

ductible –Provided

 at 1

00% of  PP

O provide

r fee

 sche

dule fo

r Oral Examinations, Cleanings and

 Fluoride Treatm

ents ‐tw

o pe

r calen

dar y

ear.

•BAS

IC SER

VICE

S:  X‐Rays a

nd Diagnostic

 Services, Periodo

ntics (Gum

 Treatmen

t), End

odon

tic 

(Roo

t Canals), O

ral Surgery and

 Restorativ

e Services (Fillings), and are covered at 80 % of the

 PP

O provide

r fee

 sche

dule in‐network and 60

% non

‐PPO

 network. 

•MAJOR SERV

ICES:  Crow

ns,  Bridges, Full D

entures a

nd Partia

l Den

tures  are covered at 50%

 of 

the  PPO

 provide

r fee

 sche

dule in‐network and 40

% out‐of‐n

etwork.

•MISSING TOOTH

 RULE:  Teeth extracted prior to effective date are covered

•DED

UCT

IBLE:  $5

0 Per p

erson pe

r calen

dar y

ear –

applies to Ba

sic and

 Major Services.

•MAX

IMUM BEN

EFITS:  $1,00

0 Calend

ar Year M

axim

um.

•PRE

VENTIVE

 SER

VICE

S:  N

o De

ductible –Provided

 at 1

00% of  PP

O provide

r fee

 sche

dule fo

r Oral Examinations, Cleanings and

 Fluoride Treatm

ents ‐tw

o pe

r calen

dar y

ear.

•BAS

IC SER

VICE

S:  X‐Rays a

nd Diagnostic

 Services, Periodo

ntics (Gum

 Treatmen

t), End

odon

tic 

(Roo

t Canals), O

ral Surgery and

 Restorativ

e Services (Fillings), and are covered at 80 % of the

 PP

O provide

r fee

 sche

dule in‐network and 60

% non

‐PPO

 network. 

•MAJOR SERV

ICES:  Crow

ns,  Bridges, Full D

entures a

nd Partia

l Den

tures  are covered at 50%

 of 

the  PPO

 provide

r fee

 sche

dule in‐network and 40

% out‐of‐n

etwork.

•MISSING TOOTH

 RULE:  Teeth extracted prior to effective date are covered

COLLEG

E PP

O DEN

TAL

Employer Paid

Delta

 Dental

Incentive Plan

www.deltade

ntal.com

•DED

UCT

IBLE:  $5

0 Per p

erson pe

r calen

dar y

ear –

applies to Ba

sic and

 Major Services.

•MAX

IMUM BEN

EFITS:  $1,00

0 Calend

ar Year M

axim

um.

•PRE

VENTIVE

 SER

VICE

S:  N

o De

ductible –Provided

 at 1

00% of  PP

O provide

r fee

 sche

dule, O

ral 

Exam

inations, Cleanings and

 Fluoride Treatm

ents  ‐tw

o pe

r calen

dar y

ear.

•BAS

IC SER

VICE

S:  X‐Rays a

nd Diagnostic

 Services, Periodo

ntics (Gum

 Treatmen

t), End

odon

tic 

(Roo

t Canals), O

ral Surgery and

 Restorativ

e Services (Fillings), and are covered at 80 % of the

 PP

O provide

r fee

 sche

dule in‐network and 60

% non

‐PPO

 network.

•MAJOR SERV

ICES:  Crow

ns,  Bridges, Full D

entures a

nd Partia

l Den

tures a

re covered

 at 5

0% of 

the PP

O provide

r fee

 sche

dule in‐network and 40

% out‐of‐n

etwork.

•MISSING TOOTH

 RULE:  Teeth extracted prior to effective date are covered

.

•DED

UCT

IBLE:  $5

0 Per p

erson pe

r calen

dar y

ear –

applies to Ba

sic and

 Major Services.

•MAX

IMUM BEN

EFITS:  $1,00

0 Calend

ar Year M

axim

um.

•PRE

VENTIVE

 SER

VICE

S:  N

o De

ductible –Provided

 at 1

00% of  PP

O provide

r fee

 sche

dule, O

ral 

Exam

inations, Cleanings and

 Fluoride Treatm

ents  ‐tw

o pe

r calen

dar y

ear.

•BAS

IC SER

VICE

S:  X‐Rays a

nd Diagnostic

 Services, Periodo

ntics (Gum

 Treatmen

t), End

odon

tic 

(Roo

t Canals), O

ral Surgery and

 Restorativ

e Services (Fillings), and are covered at 80 % of the

 PP

O provide

r fee

 sche

dule in‐network and 60

% non

‐PPO

 network.

•MAJOR SERV

ICES:  Crow

ns,  Bridges, Full D

entures a

nd Partia

l Den

tures a

re covered

 at 5

0% of 

the PP

O provide

r fee

 sche

dule in‐network and 40

% out‐of‐n

etwork.

•MISSING TOOTH

 RULE:  Teeth extracted prior to effective date are covered

.

VOLU

NTA

RY PPO

 DEN

TAL 

Employee

 Paid

Delta

 Dental

Incentive Plan

www.deltade

ntal.com

HM

O D

EN

TAL

PL

AN

SS

ele

cti

on

•DE

DU

CTI

BLE

: $0

•CO

PA

Y S

CH

ED

ULE

•MA

X. B

EN

EFI

T: N

/A•O

FFIC

E V

ISIT

: $5

•PR

EV

EN

TATI

VE

: $0

•FIL

LIN

G:

$0•C

RO

WN

: $2

45•R

OO

T C

AN

AL

$21

0•R

EM

OV

AL

OF

IMP

AC

TED

TO

OTH

: $5

0•C

OM

P. O

RTH

OD

ON

TIC

: $1

,850

•DE

DU

CTI

BLE

: $0

•CO

PA

Y S

CH

ED

ULE

•MA

X. B

EN

EFI

T: N

/A•O

FFIC

E V

ISIT

: $5

•PR

EV

EN

TATI

VE

: $0

•FIL

LIN

G:

$0•C

RO

WN

: $2

45•R

OO

T C

AN

AL

$21

0•R

EM

OV

AL

OF

IMP

AC

TED

TO

OTH

: $5

0•C

OM

P. O

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OD

ON

TIC

: $1

,850

•DE

DU

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BLE

: $0

•CO

PA

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CH

ED

ULE

•MA

X. B

EN

EFI

T: N

/A•O

FFIC

E V

ISIT

: $5

•PR

EV

EN

TATI

VE

: $5

•FIL

LIN

G:

$12

•CR

OW

N:

$290

•RO

OT

CA

NA

L $

265

•RE

MO

VA

L O

F IM

PA

CTE

D T

OO

TH: $

50•C

OM

P. O

RTH

OD

ON

TIC

: $2

,095

•DE

DU

CTI

BLE

: $0

•CO

PA

Y S

CH

ED

ULE

•MA

X. B

EN

EFI

T: N

/A•O

FFIC

E V

ISIT

: $5

•PR

EV

EN

TATI

VE

: $5

•FIL

LIN

G:

$12

•CR

OW

N:

$290

•RO

OT

CA

NA

L $

265

•RE

MO

VA

L O

F IM

PA

CTE

D T

OO

TH:

$50

•CO

MP

. OR

THO

DO

NTI

C:

Cop

ay $

2,09

5

•DED

UCT

IBLE:  $0

•COPA

Y SCHE

DULE

•MAX

IMUM BEN

EFIT :  N/A

•OFFICE VISIT:  $5

•PRE

VENTA

TIVE

: $0 ‐$4

5•FILLING:  $0

 ‐$1

15•C

ROWN $14

5 ‐$4

85•R

OOT CA

NAL:  $1

10 ‐$2

45•R

EMOVA

L OF IM

PACT

ED TOOTH

:  $5

0 ‐$1

35•C

OMPR

EHEN

SIVE

 ORT

HODO

NTICS:  $2

,100

 Child and

 $2

,250

 Adu

lt

•DED

UCT

IBLE:  $0

•COPA

Y SCHE

DULE

•MAX

IMUM BEN

EFIT :  N/A

•OFFICE VISIT:  $5

•PRE

VENTA

TIVE

: $0 ‐$4

5•FILLING:  $0

 ‐$1

15•C

ROWN $14

5 ‐$4

85•R

OOT CA

NAL:  $1

10 ‐$2

45•R

EMOVA

L OF IM

PACT

ED TOOTH

:  $5

0 ‐$1

35•C

OMPR

EHEN

SIVE

 ORT

HODO

NTICS:  $2

,100

 Child and

 $2

,250

 Adu

lt

COLLEG

E HMO DEN

TAL 

[DeltaCa

re USA

 –48

N]

Employer Paid

Delta

 Den

tal

www.deltade

ntal.com

•DED

UCT

IBLE:  $0

•COPA

Y SCHE

DULE

•MAX

IMUM BEN

EFIT :  N/A

•OFFICE VISIT:  $5

•PRE

VENTA

TIVE

:  $0

 ‐$4

5•FILLING:  $0

 ‐$1

15•C

ROWN $14

5 ‐$4

85•R

OOT CA

NAL:  $1

10 ‐$2

45•R

EMOVA

L OF IM

PACT

ED TOOTH

:  $5

0 ‐$1

35•C

OMPR

EHEN

SIVE

 ORT

HODO

NTICS:  $2

,100

 Child and

 $2

,250

 Adu

lt

•DED

UCT

IBLE:  $0

•COPA

Y SCHE

DULE

•MAX

IMUM BEN

EFIT :  N/A

•OFFICE VISIT:  $5

•PRE

VENTA

TIVE

:  $0

 ‐$4

5•FILLING:  $0

 ‐$1

15•C

ROWN $14

5 ‐$4

85•R

OOT CA

NAL:  $1

10 ‐$2

45•R

EMOVA

L OF IM

PACT

ED TOOTH

:  $5

0 ‐$1

35•C

OMPR

EHEN

SIVE

 ORT

HODO

NTICS:  $2

,100

 Child and

 $2

,250

 Adu

lt

VOLU

NTA

RY HMO DEN

TAL 

[DeltaCa

re USA

 48N

]Em

ployee

 Paid

Delta

 Den

tal

www.deltade

ntal.com

VIS

ION

PL

AN

SS

ele

cti

on

•Well V

ision

 Exam:  $1

0 copay every 12

 mon

ths

•Prescrip

tion Glasses:  $1

0 copay  fo

r  Lenses Single visio

n, line

d bifocal,  and

  lined

 trifo

cal len

ses e

very 12 mon

ths

•Frames:  $8

5 allowance fo

r a wide selection of fram

es or2

0% off the am

ount over 

your allowance

•Con

tacts (instead of glasses) e

very 12 mon

ths ‐

Up to $60

 cop

ay fo

r you

r con

tact 

lens exam (fitting and evaluatio

n)  and

 $12

0 allowance fo

r con

tacts len

s material.

•Laser Vision

 Correction –Av

erage 15

% off the regular p

rice or

5% off the 

prom

otional price.  D

iscou

nts o

nly available from

 con

tracted facilities.

•Well V

ision

 Exam:  $1

0 copay every 12

 mon

ths

•Prescrip

tion Glasses:  $1

0 copay  fo

r  Lenses Single visio

n, line

d bifocal,  and

  lined

 trifo

cal len

ses e

very 12 mon

ths

•Frames:  $8

5 allowance fo

r a wide selection of fram

es or2

0% off the am

ount over 

your allowance

•Con

tacts (instead of glasses) e

very 12 mon

ths ‐

Up to $60

 cop

ay fo

r you

r con

tact 

lens exam (fitting and evaluatio

n)  and

 $12

0 allowance fo

r con

tacts len

s material.

•Laser Vision

 Correction –Av

erage 15

% off the regular p

rice or

5% off the 

prom

otional price.  D

iscou

nts o

nly available from

 con

tracted facilities.

COLLEG

E VISION

Employer Paid

VSP

www.vsp.com

•Well V

ision

 Exam:  $1

0 copay every 12

 mon

ths

•Prescrip

tion Glasses:  $1

0 copay  fo

r  Lenses Single visio

n, line

d bifocal,  and

  lined

 trifo

cal len

ses e

very 12 mon

ths

•Frames:  $8

5 allowance fo

r a wide selection of fram

es or2

0% off the am

ount 

over you

r allowance

•Con

tacts (instead of glasses) e

very 12 mon

ths ‐

Up to $60

 cop

ay fo

r you

r contact len

s exam (fitting and evaluatio

n)  and

 $12

0 allowance fo

r con

tacts len

s material.

•Laser Vision

 Correction –Av

erage 15

% off the regular p

rice or

5% off the 

prom

otional price.  D

iscou

nts o

nly available from

 con

tracted facilities.

•Well V

ision

 Exam:  $1

0 copay every 12

 mon

ths

•Prescrip

tion Glasses:  $1

0 copay  fo

r  Lenses Single visio

n, line

d bifocal,  and

  lined

 trifo

cal len

ses e

very 12 mon

ths

•Frames:  $8

5 allowance fo

r a wide selection of fram

es or2

0% off the am

ount 

over you

r allowance

•Con

tacts (instead of glasses) e

very 12 mon

ths ‐

Up to $60

 cop

ay fo

r you

r contact len

s exam (fitting and evaluatio

n)  and

 $12

0 allowance fo

r con

tacts len

s material.

•Laser Vision

 Correction –Av

erage 15

% off the regular p

rice or

5% off the 

prom

otional price.  D

iscou

nts o

nly available from

 con

tracted facilities.

VOLU

NTA

RY VISION 

Employee

 Paid

VSP

www.vsp.com

Rat

es G

uara

ntee

thro

ugh

2016

EM

PLO

YE

E A

SS

ISTA

NC

E

PL

AN

(E

AP

)S

ele

cti

on

•Unlim

ited Short Term cou

nseling (1‐5 visits (FTF or 

Teleph

one) per issue un

limite

d issue

s)•Co

verage fo

r all eligible (d

efined

 by college) and

 their 

househ

old mem

bers

•Legal and

 Financial Cou

nseling (first 3

0 minutes free

 pe

r issue

......... unlim

ited issue

s)•Free

 On‐line Will kit

•8 po

oled

 hou

rs to

 be used

 for e

ither 

employee/sup

ervisor o

rientations and

/or E

AP 

worksho

ps•Unlim

ited CISD

's•Web

sitewith

 5k+ se

lf he

lp web

 assist to

pics

•Web

site with

 web

inar library (over 1

50)

•Teleph

onic W

orklife

 (no more than

 5 re

quests in

 1 day)

•Managem

ent R

esou

rce Ce

nter fo

r Sup

ervisors and

 above 

•Mandatory Referrals

•He

alth Fair A

tten

dance

•Co

nfiden

tial (Governe

d by HIPAA

) •Quarterly Utiliza

tion Re

ports

•De

dicated Accoun

t Executive

•Unlim

ited Short Term cou

nseling (1‐5 visits (FTF or 

Teleph

one) per issue un

limite

d issue

s)•Co

verage fo

r all eligible (d

efined

 by college) and

 their 

househ

old mem

bers

•Legal and

 Financial Cou

nseling (first 3

0 minutes free

 pe

r issue

......... unlim

ited issue

s)•Free

 On‐line Will kit

•8 po

oled

 hou

rs to

 be used

 for e

ither 

employee/sup

ervisor o

rientations and

/or E

AP 

worksho

ps•Unlim

ited CISD

's•Web

sitewith

 5k+ se

lf he

lp web

 assist to

pics

•Web

site with

 web

inar library (over 1

50)

•Teleph

onic W

orklife

 (no more than

 5 re

quests in

 1 day)

•Managem

ent R

esou

rce Ce

nter fo

r Sup

ervisors and

 above 

•Mandatory Referrals

•He

alth Fair A

tten

dance

•Co

nfiden

tial (Governe

d by HIPAA

) •Quarterly Utiliza

tion Re

ports

•De

dicated Accoun

t Executive

EMPLOYEE 

ASSISTAN

CE 

PROGRA

MHo

rizon

 Health

Employer Paid 

Per E

mployee

 Per M

onth 

(PEPM)

Each college has th

e authority

 to define, 

based on

 their ind

ividual college ru

les, 

policy or procedu

res w

ho m

ay be 

considered

 a fu

ll‐tim

e or

part‐tim

e em

ployee

 for the

 purpo

ses o

f fun

ding

 the 

mon

thly premium.

EM

PLO

YE

E G

RO

UP

LIF

E

INS

UR

AN

CE

Se

lec

tio

n

•Life insurance be

nefits a

re determined

 by 

each college’s Bo

ard of Trustees

•Fully‐In

sured through UNUM

•The mon

thly ra

te per $1,000 of group

 life 

insurance coverage is $0.135 with

 accidental 

death and dism

embe

rment a

t $0.019. 

•These fully–insured

 rates a

re guaranteed 

through calend

ar year 2

015.

•Life insurance be

nefits a

re determined

 by 

each college’s Bo

ard of Trustees

•Fully‐In

sured through UNUM

•The mon

thly ra

te per $1,000 of group

 life 

insurance coverage is $0.135 with

 accidental 

death and dism

embe

rment a

t $0.019. 

•These fully–insured

 rates a

re guaranteed 

through calend

ar year 2

015.

EM

PLO

YE

E G

RO

UP

TE

RM

L

IFE

& A

D&

D C

OV

ER

AG

E

Fu

lly In

sure

d T

erm

Lif

e C

ove

rag

e

UN

UM

ww

w.u

nu

m.c

om

DE

PE

ND

EN

T T

ER

M L

IFE

INS

UR

AN

CE

Se

lec

tio

n

•PLAN 1

Spou

se Amou

nt of C

overage 

$5,000

Child

 14 days to

 6 m

onths

$500

Child

 6 M

onths to 25

 Years

$2,500

•PLAN 1

Spou

se Amou

nt of C

overage 

$5,000

Child

 14 days to

 6 m

onths

$500

Child

 6 M

onths to 25

 Years

$2,500

DE

PE

ND

EN

T T

ER

M L

IFE

CO

VE

RA

GE

[a ride

r togrou

p term

 life

and cann

ot be offered on

 a stand‐alon

e basis

]

Fu

lly In

sure

d T

erm

Lif

e C

ove

rag

e

UN

UM

EM

PL

OY

EE

MO

NT

HL

Y P

LA

N C

OS

T P

ER

DE

PE

ND

EN

T U

NIT

PL

AN

1FS 627

.5575 Dep

ende

nt life coverage may not exceed 50

% of the

 em

ployee's basic group

 term

 life coverage am

ount

•PLAN

 2Spou

se Amou

nt of C

overage 

$10,000

Child

 14 days to

 6 m

onths

$500

Child

 6 M

onths to 25

 Years

$5,000

•PLAN

 2Spou

se Amou

nt of C

overage 

$10,000

Child

 14 days to

 6 m

onths

$500

Child

 6 M

onths to 25

 Years

$5,000

DE

PE

ND

EN

T T

ER

M L

IFE

CO

VE

RA

GE

[a ride

r togrou

p term

 life

and cann

ot be offered on

 a stand‐alon

e basis

]

Fu

lly In

sure

d T

erm

Lif

e C

ove

rag

e

UN

UM

EM

PL

OY

EE

MO

NT

HL

Y P

LA

N C

OS

T P

ER

DE

PE

ND

EN

T U

NIT

PL

AN

2

FS 627

.5575 Dep

ende

nt life coverage may not exceed 50

% of the

 em

ployee's basic group

 term

 life coverage am

ount

•PLAN

 3•Spou

se Amou

nt of C

overage 

$20,000

•Ch

ild 14 days to

 6 m

onths

$500

•Ch

ild 6 M

onths to 25

 Years

$10,000

•PLAN

 3•Spou

se Amou

nt of C

overage 

$20,000

•Ch

ild 14 days to

 6 m

onths

$500

•Ch

ild 6 M

onths to 25

 Years

$10,000

DE

PE

ND

EN

T T

ER

M L

IFE

CO

VE

RA

GE

[a ride

r togrou

p term

 life

and cann

ot be offered on

 a stand‐alon

e basis

]F

ully

In

sure

d T

erm

Lif

e C

ove

rag

eU

NU

ME

MP

LO

YE

E M

ON

TH

LY

PL

AN

CO

ST

PE

R D

EP

EN

DE

NT

UN

ITP

LA

N 3

FS 627

.557

5 Dep

ende

nt life coverage may not exceed 50

% of the

 em

ployee's basic group

 term

 life coverage am

ount

SH

OR

T T

ER

M D

ISA

BIL

ITY

Se

lec

tio

n

•Unu

m will customize

 ben

efits to

 match existing 

plan

 offe

red through college or u

niqu

e plan

 preferred by college

•Unu

m will offe

r a 10%

 savings v

ersus e

xisting plan

 (sub

ject to

 cen

sus a

nd plan inform

ation for 

colleges <

500 eligible employees; su

bject to 

expe

rience for colleges 5

00+ eligible employees)

•Unu

m will customize

 ben

efits to

 match existing 

plan

 offe

red through college or u

niqu

e plan

 preferred by college

•Unu

m will offe

r a 10%

 savings v

ersus e

xisting plan

 (sub

ject to

 cen

sus a

nd plan inform

ation for 

colleges <

500 eligible employees; su

bject to 

expe

rience for colleges 5

00+ eligible employees)

Sh

ort

Te

rm D

isa

bili

ty

Cu

sto

m P

lan

UNUM

Employer Paid & Volun

tary

*Rates 10%

 lower 

than

 current plan

•BE

NEFIT:  60% of b

asic weekly earnings

•MAX

IMUM:  $1,000

•ELIM

INATION PER

IOD:  7 days A

cciden

t and

 Sickness

•MAX

IMUM DURA

TION:  12

 weeks

•BE

NEFIT:  60% of b

asic weekly earnings

•MAX

IMUM:  $1,000

•ELIM

INATION PER

IOD:  7 days A

cciden

t and

 Sickness

•MAX

IMUM DURA

TION:  12

 weeks

Sh

ort

Te

rm D

isa

bili

ty

Ba

sic

Pla

nUNUM

Employer Paid

Voluntary:  age bande

d

Enrollm

ent sup

port fo

r each individu

al college available through Unu

m

LON

G T

ER

M D

ISA

BIL

ITY

Se

lec

tio

n

•Unu

m will customize

 ben

efits to

 match existing 

plan

 offe

red through college or u

niqu

e plan

 preferred by college

•Unu

m will offe

r a 10%

 savings v

ersus e

xisting plan

 (sub

ject to

 cen

sus a

nd plan inform

ation for 

colleges <

1,000 eligible employees; su

bject to 

expe

rience for colleges 1

,000

 + eligible 

employees)

•Unu

m will customize

 ben

efits to

 match existing 

plan

 offe

red through college or u

niqu

e plan

 preferred by college

•Unu

m will offe

r a 10%

 savings v

ersus e

xisting plan

 (sub

ject to

 cen

sus a

nd plan inform

ation for 

colleges <

1,000 eligible employees; su

bject to 

expe

rience for colleges 1

,000

 + eligible 

employees)

Cu

sto

m P

lan

UNUM

Employer Paid & Volun

tary

*Rates 10%

 lower th

an 

current p

lan

•BE

NEFIT:  60% of b

asic weekly earnings

•MAX

IMUM:  $5,000

•Own Occup

ation protectio

n of 2 years

•ELIM

INATION PER

IOD:  90 days

•MAX

IMUM DURA

TION:  To age 65

•Includ

es Partia

l and

 Residual disa

bility, Survivor 

Bene

fit, W

aiver o

f Premium, and

 3/12 pre‐existing 

cond

ition

s lim

itatio

n•Worldwide Em

ergency Travel Assistance includ

ed

•BE

NEFIT:  60% of b

asic weekly earnings

•MAX

IMUM:  $5,000

•Own Occup

ation protectio

n of 2 years

•ELIM

INATION PER

IOD:  90 days

•MAX

IMUM DURA

TION:  To age 65

•Includ

es Partia

l and

 Residual disa

bility, Survivor 

Bene

fit, W

aiver o

f Premium, and

 3/12 pre‐existing 

cond

ition

s lim

itatio

n•Worldwide Em

ergency Travel Assistance includ

ed

Ba

sic

Pla

nUNUM 

Voluntary:  age bande

d

Enrollm

ent sup

port fo

r each individu

al college available through Unu

m

WELLN

ESS INCE

NTIVE

 PR

OGRA

M DESIGN

•Defined

 health

 focus ‐

gene

ral health

 risks 

•Recognitio

n of varying

 de

grees o

f program

 en

gagemen

t•Inclusiv

e set o

f wellness 

incentive activ

ities

•Add

ition

al ways to earn 

points!

•Total incentive reward 

available increased from

 $5

0.00

 to $17

5.00

!•P

oints c

an be rede

emed

 for g

ift cards and

/or 

merchandise!

•Tim

ing 12

 mon

th period

•Defined

 health

 focus ‐

gene

ral health

 risks 

•Recognitio

n of varying

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grees o

f program

 en

gagemen

t•Inclusiv

e set o

f wellness 

incentive activ

ities

•Add

ition

al ways to earn 

points!

•Total incentive reward 

available increased from

 $5

0.00

 to $17

5.00

!•P

oints c

an be rede

emed

 for g

ift cards and

/or 

merchandise!

•Tim

ing 12

 mon

th period

WELLN

ESS AC

TIVITY

 TYPES 

•Personal H

ealth

 Assessmen

t  (PHA

)(with

 Biom

etric

 screening) 

shou

ld be the baseline 

activ

ity with

 subseq

uent 

wellness p

rogram

s focused and tailored to 

individu

al PHA

 results

•Health

 Trackers h

elp 

chart h

ealth

 measuremen

ts , 

progress over tim

e and 

is sharable with

 providers!

•Settin

g an

 online goal 

with

 My He

alth 

Assistant.

•Personal H

ealth

 Assessmen

t  (PHA

)(with

 Biom

etric

 screening) 

shou

ld be the baseline 

activ

ity with

 subseq

uent 

wellness p

rogram

s focused and tailored to 

individu

al PHA

 results

•Health

 Trackers h

elp 

chart h

ealth

 measuremen

ts , 

progress over tim

e and 

is sharable with

 providers!

•Settin

g an

 online goal 

with

 My He

alth 

Assistant.

EMPLOYEE RE

WAR

DS 

STRU

CTURE

•As participating eligible 

employees  work toward 

their w

ellness g

oals, 

they will earn po

ints 

rede

emable fo

r brand

 name merchandise or 

gift cards.

•Earn 10

0 po

ints‐earn 

$25 reward.

•Red

eem up to 700

 po

ints fo

r a to

tal of 

$175

.00 to sh

op fo

r rewards!

•As participating eligible 

employees  work toward 

their w

ellness g

oals, 

they will earn po

ints 

rede

emable fo

r brand

 name merchandise or 

gift cards.

•Earn 10

0 po

ints‐earn 

$25 reward.

•Red

eem up to 700

 po

ints fo

r a to

tal of 

$175

.00 to sh

op fo

r rewards!

INDIVIDUAL

 COLLEG

E RE

WAR

D STR

UCT

URE

•Overall Program 

Participation 

•50%

 participation in th

e  

Person

al Health

 Assessmen

t on campu

s at Health

 Fair =

 $10

,000

•Total Points E

arne

d•1

stPlace = $5

,000

•2ndPlace = $2

,500

•3rdPlace = $1

,000

•Overall Program 

Participation 

•50%

 participation in th

e  

Person

al Health

 Assessmen

t on campu

s at Health

 Fair =

 $10

,000

•Total Points E

arne

d•1

stPlace = $5

,000

•2ndPlace = $2

,500

•3rdPlace = $1

,000

WE

LL

NE

SS

INC

EN

TIV

EP

RO

GR

AM

Information Item 4.c. Health Care Reform

HE

ALT

H C

AR

E R

EFO

RM

R

EC

AP

OF

FIN

AN

CIA

L IM

PA

CT

ITE

MS

Mat

thew

Sno

ok, P

artn

er

Not

Pee

r R

evie

wed

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

Pat

ient

-Cen

tere

d O

utco

mes

Res

earc

h In

stitu

te (P

CO

RI)

Fee

Ove

rvie

w

Purp

ose

-To

fund

a fe

dera

l pro

gram

cre

ated

by

AC

A to

rese

arch

the

use

of

com

para

tive

effe

ctiv

enes

s in

med

ical

pra

ctic

e.

Fee

appl

ies

to:

Fee

does

not

app

ly to

:

•In

sure

d an

d se

lf-in

sure

d he

alth

pl

ans.

•R

etire

e-on

ly p

lans

.

•C

erta

in c

arve

d-ou

t Rx

bene

fits.

•C

erta

in H

RA

bene

fits.

•S

tand

-alo

ne d

enta

l and

vis

ion

plan

s.

•E

AP

s, w

elln

ess,

and

dis

ease

m

anag

emen

t pla

ns th

at d

on’t

prov

ide

sign

ifica

nt b

enef

its in

the

natu

re o

f m

edic

al c

are/

treat

men

t.

•O

n-si

te c

linic

s.

•St

op-lo

ss.

•H

ealth

-FS

A if

HIP

AA e

xcep

ted

bene

fit.

•R

eins

uran

ce p

olic

ies.

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

Tran

sitio

nal R

eins

uran

ce F

eeO

verv

iew

Purp

ose

-To

fund

rein

sura

nce

pool

s to

hel

p st

abili

ze th

e in

divi

dual

insu

ranc

e m

arke

tpla

ce, a

nd to

pro

vide

reve

nue

to th

e fe

dera

l gov

ernm

ent.

Fee

appl

ies

to:

Fee

does

not

app

ly to

:

•In

sure

d an

d se

lf-in

sure

d he

alth

pl

ans.

•Fo

r ins

ured

pla

ns, s

tate

app

rove

d co

vera

ge th

at is

par

t of c

omm

erci

al

book

of b

usin

ess

only.

•R

etire

e-on

ly p

lans

.

•H

ealth

-FS

As

•S

tand

-alo

ne d

enta

l and

vis

ion

plan

s.

•E

AP

s, w

elln

ess,

and

dis

ease

m

anag

emen

t pla

ns th

at d

on’t

prov

ide

sign

ifica

nt b

enef

its in

the

natu

re o

f m

edic

al c

are/

treat

men

t.

•H

SA

s of

fere

d w

ith H

DH

Ps.

•S

top-

loss

.

•C

erta

in e

xpat

riate

cov

erag

e.

•H

RA

s in

tegr

ated

with

maj

or m

edic

al.

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

Tran

sitio

nal R

eins

uran

ce F

eeIm

porta

nt D

ates

and

Dea

dlin

es

Mec

hani

sm fo

r pay

men

t is

not y

et k

now

n, b

ut…

By

Nov

. 15,

201

4

Con

trib

utin

g en

titie

s m

ust

subm

it to

HH

S av

erag

e nu

mbe

r of

cov

ered

live

s

By

Dec

. 15,

201

4 (o

r 30

days

afte

r pr

evio

us d

ate)

HH

S no

tifie

s co

ntrib

utin

g en

tity

of a

mou

nt

due

30 d

ays

afte

r H

HS

notif

icat

ion

Paym

ent d

ue

to H

HS

(typi

cally

late

20

14 /

early

201

5)

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

Hea

lth C

are

Ref

orm

Fee

sS

umm

ary

Dire

ct F

ees

Who

Pay

sD

ueH

ow m

uch

How

pai

dPe

rmis

sibl

e to

pay

from

ER

ISA

plan

as

sets

Perm

issi

ble

to p

ass

thro

ugh

to

empl

oyee

Patie

nt-

Cen

tere

d O

utco

mes

R

esea

rch

Inst

itute

(P

CO

RI)

Fee

Fully

insu

red

plan

s: In

sure

r

Sel

f-ins

ured

pl

ans:

grou

p he

alth

pla

n sp

onso

r

Ann

ually

by

July

31

of c

alen

dar

year

afte

r clo

se

of p

lan

year

$1 P

MP

Y fo

r 20

12. I

ncre

ases

to

$2

PM

PY

for

2013

, and

in

dexe

d th

erea

fter*

.

Form

720

, Q

uarte

rly

Fede

ral E

xcis

e Ta

x R

etur

n

Insu

red

plan

s:ye

s

Sel

f-ins

ured

pl

ans:

no

Insu

red

plan

s:ye

s

Sel

f-ins

ured

pl

ans:

no

Tran

sitio

nal

Rei

nsur

ance

Fe

e

Insu

ranc

e pr

ovid

ers;

sel

f-in

sure

d pl

an

spon

sor i

s lia

ble

(but

TPA

or A

SO

m

ay tr

ansf

er fe

e at

pla

n’s

disc

retio

n)

With

in 3

0 da

ys o

f no

tific

atio

n fro

m

HH

S

Est

imat

ed $

63

PM

PY

for

2014

**,

decr

easi

ng to

$4

0 in

201

5***

an

d $2

5 in

20

16**

*. C

urre

ntly

will

suns

et a

fter

2016

.

TBD

Yes

Yes

*A

fter 2

013,

fee

incr

ease

is a

n es

timat

e ba

sed

on N

atio

nal H

ealth

Exp

endi

ture

Pro

ject

ions

**B

ased

on

HH

S e

stim

ate

issu

ed o

n M

arch

11,

201

3 in

fina

l rul

e**

*M

erce

r est

imat

es.

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

2014

Req

uire

d P

lan

Cha

nges

and

Wha

t The

y Ty

pica

lly C

ost

•20

14 C

hang

es –

1%-6

%*

–D

epen

dent

cov

erag

e to

age

26

for a

ny c

over

ed e

mpl

oyee

’s c

hild

–N

o an

nual

dol

lar l

imits

on

esse

ntia

l hea

lth b

enef

its–

No

pre-

exis

ting

cond

ition

lim

its–

No

wai

ting

perio

d ov

er 9

0 da

ys–

Add

ition

al s

tand

ards

for n

on-g

rand

fath

ered

hea

lth p

lans

, inc

ludi

ng li

mits

on

out-

of-p

ocke

t max

imum

s, p

rovi

der n

ondi

scrim

inat

ion,

and

cov

erag

e of

rout

ine

med

ical

cos

ts o

f clin

ical

tria

l par

ticip

ants

* Typ

ical

cos

ts. H

ighe

r or l

ower

resu

lts c

ould

occ

ur d

epen

ding

on

orig

inal

des

igns

and

oth

er fa

ctor

s.

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

Em

ploy

er M

anda

te fo

r 201

5Sh

ared

Res

pons

ibilit

y

•La

rge

empl

oyer

s –

thos

e w

ith a

t lea

st 5

0 FT

E e

quiv

alen

tsin

pre

viou

s ca

lend

ar y

ear

–m

ay fa

ce p

enal

ties

if at

leas

t one

FTE

rece

ives

tax-

subs

idiz

ed b

enef

its th

roug

h a

publ

ic h

ealth

exc

hang

e

•Th

ese

empl

oyer

s m

ust o

ffer m

inim

um e

ssen

tial c

over

age

to “s

ubst

antia

lly a

ll” F

TEs

or fa

ce a

pen

alty

of $

2,00

0 m

ultip

lied

by th

e nu

mbe

r of F

TEs

(not

cou

ntin

g fir

st 3

0 FT

Es)

–C

over

age

offe

red

to 9

5% o

f FT

empl

oyee

s an

d de

pend

ent c

hild

ren

cons

ider

ed

offe

r to

“sub

stan

tially

all”

–FT

E is

any

em

ploy

ee w

ho w

orks

on

aver

age

30 o

r mor

e ho

urs

per w

eek

–M

ust o

ffer t

o FT

Es

and

thei

r dep

ende

nt c

hild

ren

unde

r age

26

(but

not

requ

ired

to o

ffer t

o sp

ouse

s or

dom

estic

par

tner

s)

•E

mpl

oyer

s of

ferin

g m

inim

um e

ssen

tial c

over

age

may

stil

l fac

e pe

nalti

es if

cov

erag

e do

es n

ot h

ave

a va

lue

of a

t lea

st 6

0% o

r is

not “

affo

rdab

le” a

s de

fined

in

regu

latio

ns.

–P

enal

ty is

$3,

000

for e

ach

empl

oyee

rece

ivin

g ta

x-su

bsid

ized

ben

efits

thro

ugh

a pu

blic

hea

lth e

xcha

nge

(unl

ess

abov

e pe

nalty

is s

mal

ler)

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

Janu

ary

28, 2

014

And

Fur

ther

Into

the

Futu

re20

18 E

xcis

e Ta

x on

Hig

h-co

st P

lans

•40

% e

xcis

e ta

x st

artin

g in

201

8 on

“hig

h co

st” e

mpl

oyer

-spo

nsor

ed c

over

age.

–E

mpl

oyee

s in

clud

e fo

rmer

em

ploy

ees

and

surv

ivin

g sp

ouse

s.•

Initi

al c

ap s

et a

t $10

,200

/sel

f-onl

y an

d $2

7,50

0 “c

over

age

othe

r tha

n se

lf-on

ly” (

fam

ily).

–H

ighe

r thr

esho

lds

($11

,850

/$30

,950

) for

retir

ees

and

wor

kers

in h

igh-

risk

prof

essi

ons.

•B

enef

it ad

min

istra

tors

resp

onsi

ble

for t

ax fo

r sel

f-ins

ured

cov

erag

e.•

No

guid

ance

has

bee

n is

sued

yet

rega

rdin

g fil

ing

proc

ess.

•A

ggre

gate

cos

t det

erm

ined

usi

ng a

met

hodo

logy

sim

ilar t

o th

at u

sed

for d

eter

min

ing

appl

icab

le C

OB

RA

pre

miu

ms

•C

over

age

incl

uded

in th

e ex

cise

tax

calc

ulat

ion:

–M

edic

al–

Con

tribu

tions

to (a

nd c

erta

in re

imbu

rsem

ents

from

) a h

ealth

FS

A–

Em

ploy

er c

ontri

butio

ns to

an

HR

A.

–E

mpl

oyee

Ass

ista

nce

Pro

gram

s

•C

over

age

excl

uded

from

the

exci

se ta

x ca

lcul

atio

n:–

Acc

iden

t and

dis

abili

ty in

sura

nce,

–

Sta

nd-a

lone

, ins

ured

den

tal a

nd v

isio

n pl

ans.

–S

peci

fied

illne

ss o

r fix

ed in

dem

nity

insu

ranc

e, if

pai

d fo

r on

an a

fter-

tax

basi

s.

© 2

013

Mer

cer

This

is fo

r inf

orm

atio

nal p

urpo

ses

only

, and

is n

ot in

tend

ed to

be

used

as

lega

l adv

ice.

1/28

/201

4

Mer

cer h

as p

repa

red

thes

e pr

ojec

tions

exc

lusi

vely

for t

he F

lorid

a C

olle

ge S

yste

m R

isk

Man

agem

ent C

onso

rtiu

m

(FC

SRM

C),

to e

stim

ate

the

rang

e of

the

impa

ct o

f fed

eral

Hea

lth C

are

Ref

orm

. The

se e

stim

ates

may

not

be

used

or

relie

d up

on b

y an

y ot

her p

arty

or f

or a

ny o

ther

pur

pose

than

for w

hich

they

wer

e is

sued

by

Mer

cer.

Mer

cer i

s no

t re

spon

sibl

e fo

r the

con

sequ

ence

s of

any

una

utho

rized

use

.

All

proj

ectio

ns a

re b

ased

on

the

info

rmat

ion

and

data

ava

ilabl

e at

a p

oint

in ti

me

and

the

proj

ectio

ns a

re n

ot a

gu

aran

tee

of re

sults

whi

ch m

ight

be

achi

eved

. The

pro

ject

ions

are

sub

ject

to u

nfor

esee

n an

d ra

ndom

eve

nts

and

so

mus

t be

inte

rpre

ted

as h

avin

g a

pote

ntia

lly w

ide

rang

e of

var

iabi

lity

from

the

estim

ates

.

Furt

her,

the

estim

ates

set

fort

h in

this

repo

rt h

ave

been

pre

pare

d be

fore

all

regu

latio

ns n

eede

d to

impl

emen

t the

Pat

ient

Pr

otec

tion

and

Affo

rdab

le C

are

Act

(PPA

CA

) and

Hea

lth C

are

Educ

atio

n an

d R

econ

cilia

tion

Act

(HC

ERA

) hav

e be

en

issu

ed, i

nclu

ding

cla

rific

atio

ns a

nd te

chni

cal c

orre

ctio

ns, a

nd w

ithou

t gui

danc

e on

com

plex

fina

ncia

l cal

cula

tions

that

m

ay b

e re

quire

d. (F

or e

xam

ple,

som

e H

ealth

Car

e R

efor

m p

rovi

sion

s w

ill li

kely

invo

lve

calc

ulat

ions

at t

he in

divi

dual

em

ploy

ee le

vel.)

Acc

ordi

ngly

, the

se e

stim

ates

are

not

Act

uaria

l Opi

nion

s.FC

SRM

C i

s re

spon

sibl

e fo

r all

finan

cial

an

d de

sign

dec

isio

ns re

gard

ing

PPA

CA

and

HC

ERA

.Su

ch d

ecis

ions

shou

ld b

e m

ade

only

afte

r FC

SRM

C ‘s

car

eful

co

nsid

erat

ion

of a

ltern

ativ

e fu

ture

fina

ncia

l con

ditio

ns a

nd le

gisl

ativ

e sc

enar

ios,

and

not

sol

ely

on th

e ba

sis

of th

e es

timat

es il

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Florida College System Risk Management ConsortiumProperty and Casualty PlanStatement of Net Position

November 30, 2013 and 2012

Unaudited- For Management Purposes ONLY 1/16/2014

FY FY2013-14 2012-13

ASSETS

CASH IN BANKS 102,653.91$ 4,926,341.28$

INVESTMENT STATE BOARD OF ADMIN. (1) 4,996,719.74 4,789,046.50 INVESTMENT SPECIAL PURPOSE INVESTMENT ACCT. 38,868,696.91 41,336,282.57

CASH INVESTMENTS - STATE INVESTMENT POOLS 43,865,416.65 46,125,329.07

INVESTMENT SECURITIES - Managed Account (2) 6,222,366.89 6,181,284.78 UNREALIZED HOLDING GAIN OR (LOSS) ON SECURITIES 9,930.87 31,556.04

MANAGED INVESTMENTS AVAILABLE FOR SALE 6,232,297.76 6,212,840.82

ACCRUED INTEREST RECEIVABLE 10,842.49 18,186.78

A/R FACILITIES USE 3,229.46 3,632.61 A/R OTHER SPECIAL ASSESSMENT 75,417.69 2,004.50 PREPAID EXPENSES - -

PREMIUMS RECEIVABLE & PREPAYMENTS 78,647.15 5,637.11

RESTRICTED DEPOSIT (3) 4,737,396.00

PROPERTY AND EQUIPMENT - NET DEPRECIATION 41,854.26 56,809.67

TOTAL ASSETS 55,069,108.22 57,345,144.73

LIABILITIES

CLAIMS INCURRED BUT NOT REPORTED OR PAID 23,901,000.00 22,603,000.00

ACCOUNTS PAYABLE - CLAIMS 186,296.96 137,444.36

LIABILITY FOR LOSSES INCURRED 24,087,296.96 22,740,444.36

UNEARNED FUNDING ASSESSMENT REVENUE 7,421,889.46 7,062,245.28 PREPAID INSURANCE PREMIUMS (5,692,351.03) (5,470,561.04)

UNEARNED FUNDING ASSESSMENTS - NET OF PREPAID INSURANCE PREMIUMS 1,729,538.43 1,591,684.24

ACCOUNTS PAYABLE - OPERATIONS 21,348.02 38,013.63

ACCRUED LIABILITY - COMPENSATED ABSENCES 52,437.05 46,349.22

TOTAL LIABILITIES 25,890,620.46 24,416,491.45 NET POSITIONUNDESIGNATED 28,178,487.76 31,928,653.28

DESIGNATED FOR CYBER RISK LOSS CONTINGENCY 1,000,000.00 1,000,000.00

TOTAL NET POSITION 29,178,487.76$ 32,928,653.28$

(1) Includes $221,735.28 of SBA Fund B shares (Balance of $184,414.70 plus unrealized gain of $37,320.58)(2) Investment Securities includes $1,489,870.40 funds collateral held by US Bank- all of which has been released as of December 05, 2013(3) Restricted Deposit represents collateral funds held in deposit by previous Workers Compensation Carrier- reduced by $28,139.34 as of December 05, 2013

Florida College System Risk Management ConsortiumProperty and Casualty Plan

Statement of Revenues, Expenses and Changes in Net Position

For month ended November 30, 2013 and 2012

Unaudited For Management Purposes ONLY 1/16/2014

FY FY2013-14 2012-13

REVENUES

ALLIED HEALTH ASSESSMENT 236,812.07$ 243,260.76$ ANNUAL ASSESSMENT 17,550,536.03 16,483,097.25 FACILITIES USE ASSESSMENT 43,791.47 44,077.02 INTERCOLLEGIATE ASSESSMENT 1,189,206.32 1,170,695.75 EDUCATION / TRAINING 264,815.64 231,013.99 CYBER RISK ASSESSMENT 135,000.00 250,000.00 WC SIR ASSESSMENT 177,821.59 177,390.45 OTHER SPECIAL ASSESSMENT 273,467.36 594,125.18

PREMIUMS EARNED - Members Assessments 19,871,450.48 19,193,660.40

ANNUAL ASSESSMENTS (14,134,468.17) (13,360,163.83)

WC - CARRIER AUDIT (PRIOR YEAR) (13,611.00) (27,263.00) WC SIR ASSESSMENT (182,536.56) (177,390.45) SPECIAL ASSESSMENTS (268,461.55) (594,125.18)

PREMIUMS CEDED TO REINSURERS (14,599,077.28) (14,158,942.46)

NET PREMIUMS EARNED 5,272,373.20 5,034,717.94

INTEREST EARNED FROM BANK 8,719.36 INTEREST EARNED ON INVESTMENT - SBA 5,261.84 9,200.28 INTEREST EARNED ON INVESTMENT - SPIA 311,846.81 667,929.76 INTEREST EARNED ON INVESTMENTS - Managed Account 52,835.61 74,714.51

INVESTMENT INCOME 369,944.26 760,563.91

REALIZED GAIN OR (LOSS) ON SALE OF SECURITIES (34,614.23) (4,841.34) UNREALIZED GAIN OR (LOSS) ON SALE OF SECURITIES 16,133.51 81,654.06

NET GAIN (LOSS) ON INVESTMENTS (18,480.72) 76,812.72

TOTAL REVENUES 5,623,836.74$ 5,872,094.57$

EXPENSES

INCURRED CLAIMS 8,380,694.67 8,019,763.78 INCURRED CLAIMS - Boiler & Machinery 153,158.35 - INCURRED CLAIMS - Cyber Risk 89,944.51 - RECOVERIES (179,873.76) (764,680.77)

INCURRED CLAIMS 8,443,923.77 7,255,083.01

CLAIM SERVICING - FEES 631,098.00 613,701.00 CLAIM SERVICING - ADJUSTMENTS 1,101.91 4,842.00

CLAIM SERVICING COSTS 632,199.91 618,543.00

ADMINISTRATIVE EXPENSES 562,856.78 542,328.74

TOTAL EXPENSES 9,638,980.46$ 8,415,954.75$

INCREASE (DECREASE) IN NET POSITION (4,015,143.72) (2,543,860.18)

NET POSITION, BEGINNING 33,193,631.48 35,472,513.46

NET POSITION, ENDING 29,178,487.76$ 32,928,653.28$

Information Item 5.b. Employee Benefit Plans Financial Highlights

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Florida College System Risk Management ConsortiumEmployee Benefit Plans

Statement of Net PositionNovember 30, 2013 and 2012

Unaudited-For Management Purposes Only 1/16/2014

ASSETS 2013 2012

INVESTMENTS SECURITIES-Managed Account 9,328,359.76$ 9,248,965.69$ UNREALIZED HOLDING GAIN /(LOSS) ON SECURITIES 19,575.12 62,201.68

INVESTMENTS AVAILABLE FOR SALE 9,347,934.88 9,311,167.37

CASH IN BANKS 649,881.06 5,604,779.93

INVESTMENT STATE BOARD OF ADMIN. (1) 241,663.30 49,915.75 INVESTMENT SPECIAL PURPOSE INVESTMENT ACCT. 25,227,692.88 24,019,041.83

CASH INVESTMENTS - STATE INVESTMENT POOLS 25,469,356.18 24,068,957.58

ACCRUED INTEREST RECEIVABLE 21,309.50 35,554.94

REINSURANCE & OTHER RECEIVABLES 1,059,101.65 1,375,907.70

PROPERTY AND EQUIPMENT - NET OF DEPRECIATION 44,347.08 59,302.49

TOTAL ASSETS 36,591,930.35$ 40,455,670.01$

LIABILITIES

ACCOUNTS PAYABLE-CLAIMS 4,786,475.28$ 10,931,117.24$ CLAIMS INCURRED BUT NOT REPORTED OR PAID 4,148,979.00 3,332,091.00

LIABILITY FOR LOSSES INCURRED 8,935,454.28 14,263,208.24

ACCOUNTS PAYABLE-OPERATIONS 1,155,355.20 50,867.39

ACCRUED LIABILITY-COMPENSATED ABSENCES 51,645.98 44,983.66

TOTAL LIABILITIES 10,142,455.46 14,359,059.29

TOTAL NET POSITION 26,449,474.89$ 26,096,610.72$

(1) Includes 24,195.43 of SBA Fund B shares (Balance of $20,123.06 plus unrealized gain of $4,072.37)

Florida College System Risk Management ConsortiumEmployee Benefit Plans

Statement of Revenues, Expenses, and Changes in Net Position

For the Month Ending November 30, 2013 and 2012

Unaudited-For Managment Purposes Only 1/16/2014

REVENUES 2013 2012

PREMIUMS EARNED - MEMBER ASSESSMENTS (1) 71,988,183.75$ 70,747,972.85$

LIFE AND AD/D PREMIUM (1,926,739.81) (1,677,805.04) PLAN BLUE CHOICE/OPTIONS/HMO/HRA S/L PREMIUM (4,039,195.38) (2,852,468.33) FULLY INSURED PREMIUM (CHP, C HIP, MEDICARE, EAP) (6,401,737.97) (6,654,666.89)

PREMIUMS CEDED TO REINSURERS (12,367,673.16) (11,184,940.26)

NET PREMIUMS EARNED 59,620,510.59 59,563,032.59

INTEREST EARNED ON INVESTMENT-SBA 3,575.14 5,162.12 INTEREST EARNED ON INVESTMENT-SPIA 295,093.29 492,547.70 INTEREST EARNED ON INVESTMENT-Managed Account 132,813.50 181,426.66

INVESTMENT INCOME 431,481.93 679,136.48

REALIZED GAIN OR (LOSS) ON SALE OF SECURITIES (77,413.35) (5,917.29) UNREALIZED GAIN OR (LOSS) ON INVESTMENTS (21,771.56) (12,660.37)

NET GAIN (LOSS) ON INVESTMENTS (99,184.91) (18,577.66)

TOTAL REVENUES 59,952,807.61$ 60,223,591.41$

EXPENSES

INCURRED CLAIMS 58,053,484.49$ 54,366,903.54$ RECOVERIES-Stop Loss Adjustments (2,528,699.18) (1,974,971.68) RECOVERIES-Pharmacy Rebates/ERRP (792,747.01) (1,038,576.02)

INCURRED CLAIMS NET OF RECOVERIES 54,732,038.30 51,353,355.84

CLAIMS SERVICING FEES 3,835,173.54 3,793,783.97

ADMINISTRATIVE EXPENSES 719,528.22 757,380.62

TOTAL EXPENSES 59,286,740.06$ 55,904,520.43$

INCREASE (DECREASE) IN NET POSITION 666,067.55 4,319,070.98

NET POSITION, BEGINNING 25,783,407.34 21,777,539.74

NET POSITION, ENDING 26,449,474.89$ 26,096,610.72$

(1) 2013 premiums are net of $6,412 in PCORI fees

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© 2

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PFM

Ass

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anag

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Eco

nom

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Mod

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Q2

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Q4

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Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

2008

2009

2010

2011

2012

2013

2014

QoQ % Change; Seasonally Adjusted Annualized Rate

0.1%

1.1%

2.5%

4.1%

Pos

t R

eces

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Ave

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Survey of 

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© 2

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PFM

Ass

et M

anag

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Inve

nto

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Ove

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Eco

nom

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Mar‐12

Jun‐12

Sep‐12

Dec‐12

Mar‐13

Jun‐13

Sep‐13

Non

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© 2

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PFM

Ass

et M

anag

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Con

sum

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Con

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Gro

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405060708090100

110

120

Dec‐00

Dec‐01

Dec‐02

Dec‐03

Dec‐04

Dec‐05

Dec‐06

Dec‐07

Dec‐08

Dec‐09

Dec‐10

Dec‐11

Dec‐12

Dec‐13

His

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$6$7$8$9$10

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Sep‐00

Sep‐01

Sep‐02

Sep‐03

Sep‐04

Sep‐05

Sep‐06

Sep‐07

Sep‐08

Sep‐09

Sep‐10

Sep‐11

Sep‐12

Sep‐13

Trillions

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PFM

Ass

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May‐12

Nov‐12

May‐13

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Change in

 Non

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Sour

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PFM

Ass

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anag

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© 2

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PFM

Ass

et M

anag

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•Th

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0.20%

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1.20%

1.40%

1.60%

1.80%

2.00%

Jan‐12

Feb‐12

Mar‐12

Apr‐12

May‐12

Jun‐12

Jul‐12

Aug‐12

Sep‐12

Oct‐12

Nov‐12

Dec‐12

Jan‐13

Feb‐13

Mar‐13

Apr‐13

May‐13

Jun‐13

Jul‐13

Aug‐13

Sep‐13

Oct‐13

Nov‐13

Dec‐13

2yr

5yr

“Taper Talk” Begins

Sour

ce: B

loomb

erg

Taper  Announced

© 2

013

PFM

Ass

et M

anag

emen

t LLC

Mee

t Ja

net

Yel

len

: You

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ext

FO

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Ch

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.A. i

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cono

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nive

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: Ph

.D. i

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cono

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Car

eer

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f Ca

lifor

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since

198

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onet

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polic

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© 2

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PFM

Ass

et M

anag

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U.S

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© 2

013

PFM

Ass

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anag

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0%1%2%3%4%5%6%

Dec‐06

Dec‐07

Dec‐08

Dec‐09

Dec‐10

Dec‐11

Dec‐12

Dec‐13

2‐Year

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FedCu

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4.81

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3.05

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0.76

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© 2

013

PFM

Ass

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anag

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•Th

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com

bine

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‐1,000

‐800

‐600

‐400

‐2000

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

FY 2014

FY 2013

FY 2012

FY 2011

$227

 billion

$1.1 trillion

$1.3 trillion

$679

 billion

© 2

013

PFM

Ass

et M

anag

emen

t LLC

Fan

nie

Mae

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they

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the

full

amou

nt o

f th

eir

capi

tal d

raw

s.

$0$20

$40

$60

$80

$100

$120

2008

2009

2010

2011

2012

2013

Total

Capital D

raws

Divide

nds

Billions

Cum

ulat

ive

Tota

ls:Ca

pita

l Dra

ws:

$116

BD

ivid

ends

: $11

4B

Fan

nie

Mae

$0$20

$40

$60

$80

$100

$120

2008

2009

2010

2011

2012

2013

Total

Capital D

raws

Divide

nds

Billions

Cum

ulat

ive

Tota

ls:Ca

pita

l Dra

ws:

$71B

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© 2

013

PFM

Ass

et M

anag

emen

t LLC

Yie

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pre

ad –

Lon

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Per

spec

tive

Source: Bloomberg, M

errill Lynch.  Spreads represented

 by ML 1‐5 Agency, 1

‐5 A‐AAA Corporate, 1‐5, 1

‐5 M

unicipal, and 0‐5MBS indices.

020406080100

120

140

160

180

200

Dec‐07

Jun‐08

Dec‐08

Jun‐09

Dec‐09

Jun‐10

Dec‐10

Jun‐11

Dec‐11

Jun‐12

Dec‐12

Jun‐13

Dec‐13

Fed

eral

Age

nci

es

61 bps

7bp

s

0

100

200

300

400

500

600

700

800

Dec‐07

Jun‐08

Dec‐08

Jun‐09

Dec‐09

Jun‐10

Dec‐10

Jun‐11

Dec‐11

Jun‐12

Dec‐12

Jun‐13

Dec‐13

A-A

AA

Cor

por

ates

65 bps

186 bp

s

01020304050607080

Dec‐07

Jun‐08

Dec‐08

Jun‐09

Dec‐09

Jun‐10

Dec‐10

Jun‐11

Dec‐11

Jun‐12

Dec‐12

Jun‐13

Dec‐13

Mu

nic

ipal

s

11 bps

25 bps

‐50050100

150

200

250

Dec‐07

Jun‐08

Dec‐08

Jun‐09

Dec‐09

Jun‐10

Dec‐10

Jun‐11

Dec‐11

Jun‐12

Dec‐12

Jun‐13

Dec‐13

MB

S

101 bp

s

51 bps

© 2

013

PFM

Ass

et M

anag

emen

t LLC

Cor

por

ate

Fu

nd

amen

tals

Are

Str

ong

Sour

ce: B

loomb

erg

$0$20

$40

$60

$80

$100

$120

Jun‐07Sep‐07Dec‐07Mar‐08Jun‐08Sep‐08Dec‐08Mar‐09Jun‐09Sep‐09Dec‐09Mar‐10Jun‐10Sep‐10Dec‐10Mar‐11Jun‐11Sep‐11Dec‐11Mar‐12Jun‐12Sep‐12Dec‐12Mar‐13Jun‐13Sep‐13Dec‐13

S&P

500

Ear

nin

gs p

er S

har

e

$0

$500

$1,000

$1,500

$2,000

$2,500

Jun‐07Sep‐07Dec‐07Mar‐08Jun‐08Sep‐08Dec‐08Mar‐09Jun‐09Sep‐09Dec‐09Mar‐10Jun‐10Sep‐10Dec‐10Mar‐11Jun‐11Sep‐11Dec‐11Mar‐12Jun‐12Sep‐12Dec‐12Mar‐13Jun‐13Sep‐13Dec‐13

Cor

por

ate

Pro

fits

($

bn

)

$0

$200

$400

$600

$800

$1,000

$1,200

Jun‐07Sep‐07Dec‐07Mar‐08Jun‐08Sep‐08Dec‐08Mar‐09Jun‐09Sep‐09Dec‐09Mar‐10Jun‐10Sep‐10Dec‐10Mar‐11Jun‐11Sep‐11Dec‐11Mar‐12Jun‐12Sep‐12Dec‐12Mar‐13Jun‐13Sep‐13Dec‐13

S&P

500

Tra

ilin

g 12

-Mon

th S

ales

per

Sh

are

0%10%

20%

30%

40%

50%

60%

Jun‐07Sep‐07Dec‐07Mar‐08Jun‐08Sep‐08Dec‐08Mar‐09Jun‐09Sep‐09Dec‐09Mar‐10Jun‐10Sep‐10Dec‐10Mar‐11Jun‐11Sep‐11Dec‐11Mar‐12Jun‐12Sep‐12Dec‐12Mar‐13Jun‐13Sep‐13Dec‐13

S&P

500

Bal

ance

Sh

eet

Cas

h &

Eq

uiv

alen

ts

Cash/Deb

t

Cash/Assets

© 2

013

PFM

Ass

et M

anag

emen

t LLC

Fix

ed-I

nco

me

Ind

ex R

etu

rns

As of 1

2/31/13

Returns for p

eriods end

ed 12/31/13

Source: BofA M

errill Lynch Indices

Returns for periods greater than one year are annualized

U.S.

Tre

asur

y1.

910.

25%

0.36

%(0

.14%

)0.

06%

0.36

%0.

78%

1.09

%

Agen

cy1.

770.

31%

0.42

%(0

.10%

)0.

15%

0.42

%0.

93%

1.46

%

Corp

A-A

AA1.

851.

02%

1.41

%(0

.06%

)0.

46%

1.41

%2.

34%

4.53

%

MBS

(0 to

3 Y

ears

)1.

800.

87%

0.85

%0.

36%

0.82

%0.

85%

1.87

%3.

39%

Mun

icip

als

1.81

0.52

%1.

07%

0.03

%0.

34%

1.07

%1.

49%

1.98

%

U.S.

Tre

asur

y2.

700.

34%

(0.1

9%)

(0.4

8%)

(0.1

1%)

(0.1

9%)

1.35

%1.

57%

Agen

cy2.

480.

42%

0.03

%(0

.37%

)0.

11%

0.03

%1.

28%

1.86

%

Corp

A-A

AA2.

761.

26%

1.14

%(0

.36%

)0.

52%

1.14

%3.

16%

5.50

%

MBS

(0 to

5 Y

ears

)3.

420.

91%

0.00

%0.

17%

0.49

%0.

00%

2.51

%3.

79%

Mun

icip

als

2.55

0.71

%1.

24%

(0.0

5%)

0.55

%1.

24%

2.17

%2.

77%

U.S.

Tre

asur

y5.

610.

91%

(3.3

5%)

(1.0

4%)

(0.9

2%)

(3.3

5%)

2.72

%2.

02%

Agen

cy3.

970.

79%

(1.7

9%)

(0.6

4%)

(0.2

0%)

(1.7

9%)

1.93

%2.

25%

Corp

A-A

AA6.

402.

38%

(1.8

7%)

(0.3

4%)

0.63

%(1

.87%

)4.

70%

7.23

%

MBS

(0 to

30

Year

s)5.

570.

92%

(1.3

9%)

(0.4

8%)

(0.4

7%)

(1.3

9%)

2.40

%3.

71%

Mun

icip

als

8.09

2.48

%(2

.89%

)(0

.36%

)0.

37%

(2.8

9%)

5.01

%6.

27%

Mas

ter I

ndic

ies

(Mat

uriti

es 1

Yea

r and

Gre

ater

)

1-5

Year

Indi

cies

1-3

Year

Indi

ces

5 Ye

ars

1 Ye

ar3

Year

sEf

fect

ive

Dura

tion

YTD

Yiel

d1

Mon

th3

Mon

th

© 2

013

PFM

Ass

et M

anag

emen

t LLC

1-3

Yea

r In

dex

Ret

urn

s

As of 1

2/31/13

Returns for p

eriods end

ed 12/31/13

Source: BofA M

errill Lynch Indices

Returns for periods greater than one year are annualized

U.S.

Tre

asur

y1.

910.

40%

0.36

%(0

.14%

)0.

06%

0.36

%0.

78%

1.09

%

Agen

cy1.

770.

49%

0.42

%(0

.10%

)0.

15%

0.42

%0.

93%

1.46

%

Non-

calla

ble

1.95

0.48

%0.

43%

(0.1

2%)

0.14

%0.

43%

0.97

%1.

56%

Calla

ble

1.16

0.52

%0.

40%

(0.0

6%)

0.18

%0.

40%

0.76

%1.

04%

U.S.

Tre

asur

y/Ag

ency

1.89

0.41

%0.

36%

(0.1

3%)

0.07

%0.

36%

0.81

%1.

20%

Corp

A-A

AA1.

850.

91%

1.41

%(0

.06%

)0.

46%

1.41

%2.

34%

4.53

%

Corp

AAA

1.89

0.67

%0.

87%

(0.1

1%)

0.33

%0.

87%

1.53

%2.

71%

Corp

AA

1.80

0.72

%1.

06%

(0.0

8%)

0.36

%1.

06%

1.81

%3.

45%

Corp

A1.

870.

98%

1.54

%(0

.05%

)0.

50%

1.54

%2.

56%

5.04

%

Corp

BBB

1.87

1.56

%2.

47%

0.02

%0.

87%

2.47

%3.

39%

7.29

%

Corp

/Gov

t1.

890.

60%

0.70

%(0

.12%

)0.

20%

0.70

%1.

25%

2.07

%

MBS

0 -

31.

801.

06%

0.85

%0.

36%

0.82

%0.

85%

1.87

%3.

39%

Corp

/Gov

t/Mtg

e1.

890.

61%

0.47

%(0

.11%

)0.

21%

0.47

%1.

21%

2.53

%

5 Ye

ars

3 Ye

ars

Effe

ctiv

e Du

ratio

nYT

D1

Mon

th3

Mon

th1

Year

Yiel

d

© 2

013

PFM

Ass

et M

anag

emen

t LLC

1-5

Yea

r In

dex

Ret

urn

s

As of 1

2/31/13

Returns for p

eriods end

ed 12/31/13

Source: BofA M

errill Lynch Indices

Returns for periods greater than one year are annualized

U.S.

Tre

asur

y2.

700.

76%

(0.1

9%)

(0.4

8%)

(0.1

1%)

(0.1

9%)

1.35

%1.

57%

Agen

cy2.

480.

83%

0.03

%(0

.37%

)0.

11%

0.03

%1.

28%

1.86

%

Non-

calla

ble

2.59

0.79

%0.

03%

(0.3

8%)

0.11

%0.

03%

1.38

%2.

04%

Calla

ble

2.11

0.94

%(0

.01%

)(0

.34%

)0.

11%

(0.0

1%)

0.83

%1.

17%

U.S.

Tre

asur

y/Ag

ency

2.68

0.77

%(0

.16%

)(0

.47%

)(0

.09%

)(0

.16%

)1.

33%

1.67

%

Corp

A-A

AA2.

761.

46%

1.14

%(0

.36%

)0.

52%

1.14

%3.

16%

5.50

%

Corp

AA

A2.

941.

23%

0.41

%(0

.43%

)0.

10%

0.41

%2.

19%

3.77

%

Corp

AA

2.66

1.21

%0.

70%

(0.3

8%)

0.30

%0.

70%

2.44

%4.

25%

Corp

A2.

781.

53%

1.29

%(0

.36%

)0.

60%

1.29

%3.

42%

6.10

%

Corp

BBB

2.78

2.19

%2.

39%

(0.1

7%)

1.06

%2.

39%

4.67

%9.

10%

Corp

/Gov

t2.

701.

04%

0.32

%(0

.42%

)0.

14%

0.32

%1.

95%

2.97

%

MBS

0 -

53.

422.

55%

0.00

%0.

17%

0.49

%0.

00%

2.51

%3.

79%

Corp

/Gov

t/Mtg

e2.

781.

22%

0.06

%(0

.33%

)0.

19%

0.06

%2.

08%

3.27

%

5 Ye

ars

3 Ye

ars

Effe

ctiv

e Du

ratio

nYT

D1

Mon

th3

Mon

th1

Year

Yiel

d

© 2

013

PFM

Ass

et M

anag

emen

t LLC

This

mat

eria

lis

base

don

info

rmat

ion

obta

ined

from

sour

ces

gene

rally

belie

ved

tobe

relia

ble

and

avai

labl

eto

the

publ

ic,h

owev

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FMA

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Man

agem

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nnot

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eits

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plet

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y.Th

ism

ater

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form

atio

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eson

lyan

dis

not

inte

nded

topr

ovid

esp

ecifi

cad

vice

ora

spec

ific

reco

mm

enda

tion.

All

stat

emen

tsas

tow

hat

will

orm

ayha

ppen

unde

rce

rtain

circ

umst

ance

sar

eba

sed

onas

sum

ptio

ns,s

ome

butn

otal

lofw

hich

are

note

din

the

pres

enta

tion.

Ass

umpt

ions

may

orm

ayno

tbe

prov

enco

rrec

tas

actu

alev

ents

occu

r,an

dre

sults

may

depe

ndon

even

tsou

tsid

eof

your

orou

rco

ntro

l.C

hang

esin

assu

mpt

ions

may

have

am

ater

ial

effe

cton

resu

lts.

Pas

tpe

rform

ance

does

not

nece

ssar

ilyre

flect

and

isno

tagu

aran

tyof

futu

rere

sults

.Th

ein

form

atio

nco

ntai

ned

inth

ispr

esen

tatio

nis

not

anof

fert

opu

rcha

seor

sell

any

secu

ritie

s.

Dis

clai

mer

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

TA

B I

I

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

Exe

cuti

ve S

um

mar

y

POR

TFO

LIO

STR

ATEG

Y

T

he C

onso

rtium

’s I

nves

tmen

t P

ortfo

lio is

of

high

cre

dit

qual

ity a

nd in

vest

ed in

U.S

. T

reas

ury,

Fed

eral

Age

ncy,

mor

tgag

e ba

cked

sec

uriti

es,

high

qua

lity

corp

orat

e an

d co

mm

erci

al p

aper

sec

uriti

es.

T

he I

nves

tmen

t P

ortfo

lio’s

qua

rterly

tot

al r

etur

n pe

rform

ance

was

0.0

5%,

outp

erfo

rmin

g th

e be

nchm

ark’

s pe

rform

ance

of

-0.1

1% b

y 0.

16%

. O

ver

the

past

yea

r, th

e P

ortfo

lio e

arne

d -0

.08%

, ver

sus

-0.1

9% fo

r the

ben

chm

ark.

O

ur in

vest

men

t str

ateg

y w

as b

ased

on

the

view

tha

t in

tere

st r

ates

wou

ld e

vent

ually

ris

e in

ant

icip

atio

n of

a ta

perin

g of

the

Fed

eral

Res

erve

’s

larg

e sc

ale

bond

pur

chas

e pr

ogra

m,

afte

r be

ing

surp

rised

by

no s

uch

actio

n in

Q3.

W

e ex

pect

ed t

hat

grow

th in

the

U.S

. ec

onom

y w

ould

be

suffi

cien

t to

supp

ort s

uch

a m

ove

in la

te 2

013

or e

arly

201

4. T

he k

ey p

illar

s of

our

stra

tegy

for Q

4 in

clud

ed:

M

aint

aini

ng a

def

ensi

ve p

ostu

re, p

ositi

onin

g po

rtfo

lio d

urat

ions

sho

rter t

han

benc

hmar

ks,

C

ontin

uing

to e

mph

asiz

e in

vest

men

t-gra

de c

redi

t ins

trum

ents

(e.

g. c

orpo

rate

s) th

at b

enef

it fr

om fa

vora

ble

cred

it m

arke

t con

ditio

ns th

at

incl

ude

stro

ng b

alan

ce s

heet

s, h

isto

rical

ly lo

w fu

ndin

g ra

tes,

and

stre

ngth

enin

g ec

onom

ic c

ondi

tions

in th

e U

.S. a

nd m

ost d

evel

oped

m

arke

ts a

roun

d th

e gl

obe,

Gen

eral

ly c

autio

us to

war

d in

vest

men

ts w

ith o

ptio

nalit

y, th

at c

ould

und

erpe

rfor

m if

rat

es s

pike

d, a

nd m

ake

dura

tion

man

agem

ent –

a k

ey

part

of o

ur s

trat

egy

– m

ore

diffi

cult,

Mai

ntai

ning

a m

ore

ladd

ered

mat

urity

dis

trib

utio

n, in

reco

gniti

on o

f the

pot

entia

l for

the

yiel

d cu

rve

to s

teep

en,

C

aref

ully

mon

itorin

g yi

eld

spre

ads,

whi

ch c

ause

d so

me

sect

ors

and

mat

uriti

es to

nar

row

to a

poi

nt w

here

it n

o lo

nger

mad

e se

nse

to

hold

them

.

Y

ield

s dr

ifted

mod

estly

low

er in

Oct

ober

and

Nov

embe

r, th

en ju

mpe

d sh

arpl

y in

ant

icip

atio

n of

the

Fed

’s ta

perin

g of

bon

d pu

rcha

ses.

Lon

ger-

term

yie

lds

ende

d th

e qu

arte

r ne

ar t

heir

high

s fo

r th

e ye

ar.

Our

sho

rter

dura

tion

stra

tegy

was

the

rig

ht o

ne,

but

the

mag

nitu

de o

f th

e yi

eld

incr

ease

s in

Dec

embe

r dam

pene

d al

l fix

ed-in

com

e re

turn

s fo

r th

e qu

arte

r.

C

orpo

rate

s pe

rform

ed w

ell

agai

n in

Q4,

ben

efitt

ing

from

hig

her

initi

al y

ield

s an

d m

odes

t sp

read

com

pres

sion

. W

hile

we

mai

ntai

ned

appr

opria

te d

iver

sific

atio

n, w

e co

ntin

ued

to e

mph

asiz

e is

suer

s in

the

ban

king

and

fin

anci

al s

ecto

rs,

whi

ch o

ffere

d th

e be

st r

etur

n po

tent

ial.

S

trong

dem

and

for

the

sect

or’s

incr

emen

tal y

ield

con

stra

ined

sup

ply,

mak

ing

it di

fficu

lt to

mee

t tar

gete

d al

loca

tions

. C

orpo

rate

spr

eads

end

ed

the

quar

ter a

t the

ir tig

htes

t lev

els

of th

e ye

ar, w

hich

furt

her n

arro

wed

the

univ

erse

of s

ecur

ities

with

attr

activ

e va

luat

ions

.

A

genc

y yi

eld

spre

ads

cont

inue

d to

con

tract

from

alre

ady

reco

rd ti

ght l

evel

s. A

t the

beg

inni

ng o

f Q4,

val

ue c

ould

stil

l be

foun

d in

Age

ncy

bond

s m

atur

ing

in 3

yea

rs, b

ut b

y th

e en

d of

qua

rter

, yie

ld s

prea

ds o

n A

genc

ies

3 ye

ars

and

shor

ter

wer

e cl

ose

to z

ero.

A

dditi

onal

ly, a

vera

ge d

aily

tra

ding

vol

ume

of A

genc

y de

bt d

eclin

ed b

y 32

% i

n 20

13 c

ompa

red

to 2

012,

cre

atin

g so

met

hing

of

a sc

arci

ty p

rem

ium

tha

t de

crea

sed

the

sect

or’s

rel

ativ

e va

lue.

I

t is

our

expe

ctat

ion

that

the

sour

ces

of e

xces

s re

turn

in 2

014

will

diff

er fr

om th

ose

that

dro

ve r

elat

ive

perfo

rman

ce in

201

3. If

rat

es r

ise

as th

e Fe

d w

ithdr

aws

its e

xtra

ordi

nary

mon

etar

y st

imul

us, n

egat

ive

retu

rns

on lo

nger

mat

uriti

es m

ay b

ecom

e un

avoi

dabl

e fo

r sh

ort p

erio

ds. A

fter

the

adju

stm

ent,

portf

olio

s w

ill b

e in

a m

uch

bette

r po

sitio

n to

gen

erat

e hi

gher

ear

ning

s go

ing

forw

ard.

Act

ive

dura

tion

man

agem

ent w

ill b

e a

criti

cal

aspe

ct o

f our

str

ateg

y in

ear

ly 2

014

to m

itiga

te th

e ef

fect

s of

rat

e no

rmal

izat

ion

and

to m

axim

ize

rela

tive

perfo

rman

ce.

Thi

s w

ill b

e ba

lanc

ed,

how

ever

, by

reco

gniz

ing

the

enha

nced

ear

ning

s po

tent

ial i

mbe

dded

in a

ste

epes

t yie

ld c

urve

.

W

e w

ill fo

cus

mor

e th

an e

ver

on s

afet

y of

prin

cipa

l and

app

ropr

iate

liqu

idity

in th

is n

ew a

nd c

halle

ngin

g en

viro

nmen

t, w

hile

max

imiz

ing

valu

e th

roug

h ca

refu

l, pr

uden

t ac

tive

man

agem

ent.

Our

stra

tegy

will

rem

ain

appr

opria

tely

fle

xibl

e an

d m

ay c

hang

e in

res

pons

e to

cha

nges

in

inte

rest

rat

es, e

cono

mic

dat

a, m

arke

t out

look

or s

peci

fic o

ppor

tuni

ties

that

aris

e.

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 1

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io P

erfo

rman

ceTo

tal P

ortfo

lio V

alue

1D

ecem

ber 3

1, 2

013

Sep

tem

ber 3

0, 2

013

Mar

ket V

alue

$14,

063,

632.

22$1

4,05

9,58

9.09

Am

ortiz

ed C

ost

$14,

075,

575.

99$1

4,04

0,86

1.79

Qua

rterly

Ret

urn

Cal

enda

r Yea

rLa

st

Last

La

st

Sin

ce In

cept

ion

Tota

l Ret

urn2,

3,4

Dec

embe

r 31,

201

3to

Dat

e6

Mon

ths

12 M

onth

s2

Year

sS

epte

mbe

r 30,

201

01

- 5 Y

ear I

nves

tmen

t Por

tfolio

0.05

%-0

.08%

0.61

%-0

.08%

0.76

%1.

48%

Mer

rill L

ynch

1-5

Yea

r U.S

. Tre

asur

y In

dex

-0.1

1%-0

.19%

0.35

%-0

.19%

0.36

%1.

03%

Effe

ctiv

e D

urat

ion(

Year

s)4,

5D

ecem

ber 3

1, 2

013

Sep

tem

ber 3

0, 2

013

Yiel

dsD

ecem

ber 3

1, 2

013

Sep

tem

ber 3

0, 2

013

1 - 5

Yea

r Inv

estm

ent P

ortfo

lio2.

532.

43Yi

eld

at M

arke

t1.

01%

0.94

%M

erril

l Lyn

ch 1

-5 Y

ear U

.S. T

reas

ury

Inde

x2.

642.

64Yi

eld

at C

ost

1.19

%1.

18%

Por

tfolio

Dur

atio

n %

of B

ench

mar

k D

urat

ion

96%

92%

Not

es: 1.

In

orde

r to

com

ply

with

GA

SB

acc

rual

acc

ount

ing

repo

rting

requ

irem

ents

; fo

rwar

d se

ttlin

g tr

ades

are

incl

uded

in th

e m

onth

ly b

alan

ces.

E

nd o

f qua

rter t

rade

-dat

e m

arke

t val

ues

of p

ortfo

lio h

oldi

ngs,

incl

udin

g ac

crue

d in

tere

st.

4. M

erril

l Lyn

ch In

dice

s pr

ovid

ed b

y B

loom

berg

Fin

anci

al M

arke

ts.

5. In

clud

es m

oney

mar

ket f

und/

cash

in p

erfo

rman

ce a

nd d

urat

ion

com

puta

tions

.

2. P

erfo

rman

ce o

n tra

de d

ate

basi

s, g

ross

(i.e

., be

fore

fees

), is

in a

ccor

danc

e w

ith T

he C

FA In

stitu

te’s

Glo

bal I

nves

tmen

t Per

form

ance

Sta

ndar

ds (G

IPS

). Q

uarte

rly re

turn

s ar

e pr

esen

ted

on a

n un

annu

aliz

ed b

asis

. Ret

urns

pre

sent

ed fo

r 12

mon

ths

or lo

nger

are

pre

sent

ed

on a

n an

nual

bas

is. P

ast p

erfo

rman

ce is

not

indi

cativ

e of

futu

re re

sults

.

3. S

ince

Ince

ptio

n th

e be

nchm

ark

has

been

the

Mer

rill L

ynch

1-5

Yea

r U.S

. Tre

asur

y N

ote

Inde

x.

0.05

%

-0.1

1%-0

.25%

0.00

%

0.25

%

0.50

%

0.75

%

1.00

%

1.00

1.50

2.00

2.50

3.00

3.50

4.00

Return

Effe

ctiv

e D

urat

ion

(Yea

rs)

Qua

rter T

otal

Ret

urn

Com

paris

on

Qua

rter E

nded

12/

31/1

3

ML

1-5

Yea

r U.S

. Tre

asur

y In

dex

1-5

Year

Inve

stm

ent P

ortfo

lio

1.48

%

1.03

%

0.50

%

0.75

%

1.00

%

1.25

%

1.50

%

1.75

%

2.00

%

1.00

1.50

2.00

2.50

3.00

3.50

4.00

ReturnE

ffect

ive

Dur

atio

n (Y

ears

)

Tota

l Ret

urn

Com

paris

on S

ince

Ince

ptio

n as

of

Qua

rter E

nded

12/

31/1

3

ML

1-5

Yea

r U.S

. Tre

asur

y In

dex

1-5

Year

Inve

stm

ent P

ortfo

lio

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 2

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

Qu

arte

rly

Acc

oun

t Su

mm

ary

2011

2012

1st Q

uart

er

2013

2nd

Qua

rter

20

133r

d Q

uart

er

2013

4th

Qua

rter

20

13La

st 1

2 M

onth

s1

- 5 Y

ear I

nves

tmen

t Por

tfolio

3.04

%1.

61%

0.22

%-0

.89%

0.56

%0.

05%

0.61

%M

erril

l Lyn

ch 1

-5 Y

ear U

.S. T

reas

ury

Inde

x3.

36%

0.91

%0.

15%

-0.6

9%0.

46%

-0.1

1%0.

35%

Flor

ida

PRIM

E Fu

nd0.

25%

0.31

%0.

23%

0.21

%0.

18%

0.17

%0.

20%

Mer

rill L

ynch

3 M

onth

U.S

. Tre

asur

y Bi

ll In

dex

0.10

%0.

11%

0.02

%0.

02%

0.02

%0.

02%

0.07

%

Mor

ning

Star

Gen

eral

Bon

d U

nive

rse4

Max

imum

5.03

%7.

77%

0.64

%-0

.04%

1.58

%0.

62%

0.89

%25

th P

erce

ntile

1.89

%3.

87%

0.28

%-0

.65%

0.59

%0.

31%

0.18

%50

th P

erce

ntile

1.35

%2.

62%

0.16

%-0

.90%

0.45

%0.

22%

-0.1

4%75

th P

erce

ntile

0.96

%1.

51%

0.06

%-1

.21%

0.31

%0.

06%

-0.5

0%M

inim

um-0

.82%

0.92

%-0

.16%

-2.7

0%-0

.14%

-0.4

5%-1

.62%

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

YTD

as

of J

une

30, 2

010

1 - 5

Yea

r Inv

estm

ent P

ortfo

lio3.

18%

9.37

%7.

75%

2.48

%1.

60%

1.97

%4.

77%

5.78

%4.

03%

1.06

%1.

84%

Mer

rill L

ynch

1-5

Yea

r U.S

. Tre

asur

y In

dex

3.15

%8.

37%

7.47

%2.

05%

1.31

%1.

39%

3.96

%8.

16%

8.73

%0.

23%

2.96

%Fl

orid

a PR

IME

Fund

2.71

%4.

16%

1.89

%1.

40%

1.50

%3.

29%

5.13

%5.

46%

2.56

%0.

58%

0.24

%M

erril

l Lyn

ch 3

Mon

th U

.S. T

reas

ury

Bill

Inde

x5.

73%

4.42

%1.

78%

1.15

%1.

33%

3.07

%4.

81%

5.00

%2.

06%

0.21

%0.

05%

Lipp

er U

nive

rse

Max

imum

3.85

%9.

20%

8.04

%9.

16%

2.30

%3.

51%

6.49

%7.

74%

7.05

%23

.77%

Not

Ava

ilabl

e25

th P

erce

ntile

2.70

%8.

10%

5.91

%2.

97%

1.08

%1.

88%

4.38

%5.

82%

2.84

%9.

49%

Not

Ava

ilabl

e50

th P

erce

ntile

2.46

%7.

55%

5.10

%2.

31%

0.80

%1.

49%

3.98

%5.

08%

0.09

%6.

77%

Not

Ava

ilabl

e75

th P

erce

ntile

2.20

%6.

87%

4.21

%1.

73%

0.41

%1.

15%

3.63

%4.

08%

-3.6

6%3.

95%

Not

Ava

ilabl

eM

inim

um0.

46%

4.10

%-4

.62%

-2.4

9%-1

.08%

-0.0

7%2.

67%

-8.7

9%-3

8.28

%-0

.13%

Not

Ava

ilabl

e

Not

es:

1. Q

uarte

rly re

turn

s ar

e pr

esen

ted

on a

n un

annu

aliz

ed b

asis

.

2. R

etur

ns p

rese

nted

for 1

2 m

onth

s or

long

er a

re p

rese

nted

on

an a

nnua

l bas

is.

3. P

FM s

tarte

d m

anag

ing

the

portf

olio

on

Sep

tem

ber 2

010.

The

per

form

ance

dat

a fo

r 201

0 is

onl

y av

aila

ble

for t

he fo

urth

qua

rter.

4. P

FM s

ubsc

ribes

to th

e M

orni

ngst

ar ra

ting

serv

ice.

Thi

s se

rvic

e is

com

para

ble

to L

ippe

r rat

ing

serv

ices

.

Tota

l Ret

urn

Perf

orm

ance

1, 2

, 3

Tota

l Ret

urn

Perf

orm

ance

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 3

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

Qu

arte

rly

Acc

oun

t Su

mm

ary

Sept

embe

r 30,

201

3O

ctob

er 3

1, 2

013

Nov

embe

r 30,

201

3D

ecem

ber 3

1, 2

013

Qua

rter

End

(1)

Amor

tized

Cos

t of H

oldi

ngs

$13,

897,

640.

64$1

3,88

0,63

3.51

$13,

486,

975.

27$1

3,90

8,01

8.96

(2)

Accr

ued

Inte

rest

36,8

51.1

531

,361

.24

27,2

87.1

131

,173

.82

Am

ortiz

ed C

ost o

f Sec

uriti

es$1

3,93

4,49

1.79

$13,

911,

994.

75$1

3,51

4,26

2.38

$13,

939,

192.

78

(3)

Rec

onci

led

Mon

ey F

und

Bala

nce

106,

370.

0413

7,92

2.91

548,

742.

8413

6,38

3.21

To

tal A

mor

tized

Cos

t of P

ortfo

lio$1

4,04

0,86

1.83

$14,

049,

917.

66$1

4,06

3,00

5.22

$14,

075,

575.

99

N

et C

hang

e in

Am

ortiz

ed C

ost

$9,0

55.8

3$1

3,08

7.56

$12,

570.

77$3

4,71

4.16

Oct

ober

31,

201

3N

ovem

ber 3

0, 2

013

Dec

embe

r 31,

201

3Q

uart

er E

ndEn

ding

Am

ortiz

ed C

ost o

f Sec

uriti

es$1

3,91

1,99

4.75

$13,

514,

262.

38$1

3,93

9,19

2.78

$13,

939,

192.

78(4

)Pl

us P

roce

eds

on S

ales

739,

932.

00

75,1

75.0

0 35

2,96

6.80

1,

168,

073.

80

(5)

Plus

Pro

ceed

s of

Mat

uriti

es19

,271

.01

511,

911.

63

721,

790.

02

1,25

2,97

2.66

(6

)Pl

us C

oupo

ns R

ecei

ved

15,0

55.3

2 19

,221

.71

8,58

1.67

42

,858

.70

(7)

Less

Cos

t of N

ew P

urch

ases

(739

,717

.35)

(195

,488

.42)

(1,4

95,6

98.1

2)(2

,430

,903

.89)

Le

ss B

egin

ning

Am

ortiz

ed C

ost o

f Sec

uriti

es(1

3,93

4,49

1.79

)(1

3,91

1,99

4.75

)(1

3,51

4,26

2.38

)(1

3,93

4,49

1.79

)(8

)Pl

us (M

inus

) Rec

onci

ling

Tran

sact

ions

-

Tot

al P

ortfo

lio A

ccru

al B

asis

Ear

ning

s$1

2,04

3.94

$1

3,08

7.55

$1

2,57

0.77

$3

7,70

2.26

Not

es:

(1)

Det

ail o

f Sec

uriti

es H

eld

page

Am

ortiz

ed C

ost t

otal

. D

oes

not i

nclu

de fo

rwar

d se

ttlin

g tra

des.

(2)

Det

ail o

f Sec

uriti

es H

eld

page

Acc

rued

Inte

rest

tota

l.(3

)C

ash/

Mon

ey R

epor

t pag

e C

ash/

Mon

ey F

und

Bala

nce.

(4)

Secu

rity

Tran

sact

ions

& In

tere

st p

age

subt

otal

Sal

es.

(5)

Secu

rity

Tran

sact

ions

& In

tere

st p

age

subt

otal

Mat

uriti

es, S

inks

, MBS

Pm

ts.,

Cal

ls(6

)Se

curit

y Tr

ansa

ctio

ns &

Inte

rest

pag

e su

btot

al In

tere

st.

(7)

Secu

rity

Tran

sact

ions

& In

tere

st p

age

subt

otal

Buy

s.(8

)Ba

nk S

tate

men

t vs.

PFM

Sta

tem

ent R

econ

cile

d C

ash+

Mon

ey F

und

Bala

nce

Port

folio

Ear

ning

s:

Port

folio

Bal

ance

s:

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 4

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io C

omp

osit

ion

an

d C

red

it Q

ual

ity

Ch

arac

teri

stic

s

Secu

rity

Type

1D

ecem

ber 3

1, 2

013

% o

f Por

tfolio

Sep

tem

ber 3

0, 2

013

% o

f Por

tfolio

U.S

. Tre

asur

ies

$2,4

76,4

36.1

317

.6%

$3,9

07,3

37.8

427

.8%

Fede

ral A

genc

ies

5,49

8,22

6.30

39.1

%4,

446,

939.

6631

.6%

Com

mer

cial

Pap

er1,

274,

074.

009.

1%1,

273,

886.

439.

1%

Cer

tific

ates

of D

epos

it0.

000.

0%0.

000.

0%

Ban

kers

Acc

epta

nces

0.00

0.0%

0.00

0.0%

Rep

urch

ase

Agr

eem

ents

0.00

0.0%

0.00

0.0%

Mun

icip

al O

blig

atio

ns0.

000.

0%0.

000.

0%

Cor

pora

te N

otes

/Bon

ds3,

744,

229.

8726

.6%

3,27

9,43

5.26

23.3

%

Cor

pora

te N

otes

-FD

IC In

sure

d0.

000.

0%0.

000.

0%

Mor

tgag

e B

acke

d93

4,28

2.71

6.6%

1,04

5,61

9.90

7.4%

Mon

ey M

arke

t Fun

d/C

ash

136,

383.

211.

0%10

6,37

0.00

0.8%

Tota

ls$1

4,06

3,63

2.22

100.

0%$1

4,05

9,58

9.09

100.

0%

Not

es: 1.

End

of q

uarte

r tra

de-d

ate

mar

ket v

alue

s of

por

tfolio

hol

ding

s, in

clud

ing

accr

ued

inte

rest

.

2. C

redi

t rat

ing

of s

ecur

ities

hel

d in

por

tfolio

, exc

lusi

ve o

f mon

ey m

arke

t fun

d/LG

IP. S

tand

ard

& Po

or's

is th

e so

urce

of t

he c

redi

t rat

ings

.

U.S

. Tre

asur

ies

17%

Fede

ral A

genc

y O

blig

atio

ns39

%

Com

mer

cial

P

aper

9%

Cor

pora

te

Not

es/B

onds

27%

Mor

tgag

e B

acke

d7%

Mon

ey M

arke

t Fu

nd/C

ash

0.97

%

Por

tfolio

Com

posi

tion

as o

f 12/

31/1

3 A

AA

1%

AA

+69

%

AA

5%

AA

-2%

A+

5%A 7%

A-

2%

A-1

(Sho

rt-te

rm)

9%

Cre

dit Q

ualit

y D

istri

butio

n²

as o

f 12/

31/1

3

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 5

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io M

atu

rity

Dis

trib

uti

on

Mat

urity

Dis

trib

utio

n1D

ecem

ber 3

1, 2

013

Sep

tem

ber 3

0, 2

013

Ove

rnig

ht (

Mon

ey M

arke

t Fun

d)$1

36,3

83.2

1$1

06,3

70.0

0

Und

er 6

Mon

ths

1,77

5,24

5.71

2,58

8,46

2.68

6 - 1

2 M

onth

s76

1,99

0.89

1,16

2,57

5.05

1 - 2

Yea

rs3,

351,

900.

672,

356,

627.

49

2 - 3

Yea

rs2,

230,

970.

982,

442,

311.

33

3 - 4

Yea

rs88

4,08

9.32

249,

667.

00

4 - 5

Yea

rs3,

988,

768.

734,

107,

955.

64

5 Ye

ars

and

Ove

r93

4,28

2.71

1,04

5,61

9.90

Tota

ls

$14,

063,

632.

22$1

4,05

9,58

9.09

Not

es: 1.

Cal

labl

e an

d m

ortg

age

back

ed s

ecur

ities

in p

ortfo

lio a

re in

clud

ed in

the

mat

urity

dis

tribu

tion

anal

ysis

to th

eir s

tate

d m

atur

ity d

ate,

alth

ough

they

may

be

calle

d or

be

paid

off

prio

r to

mat

urity

.

2. T

his

char

t is

base

d on

sec

uriti

es fi

nal m

atur

ity d

ate;

incl

udin

g m

ortg

age

back

ed s

ecur

ities

.

1%

13%

5%

24%

16%

6%

28%

7%

0.8%

18%

8%

17%

17%

2%

29%

7%

0%10%

20%

30%

40%

50%

60%

70%

80%

Ove

rnig

htU

nder

6 M

onth

s6

- 12

Mon

ths

1 - 2

Yea

rs2

- 3 Y

ears

3 - 4

Yea

rs4

- 5 Y

ears

5 Y

ears

and

Ove

r

Percentage of Total Portfolio

Por

tfolio

Mat

urity

Dis

tribu

tion¹

, ²

Dec

embe

r 31,

201

3

Sep

tem

ber 3

0, 2

013

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 6

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io M

atu

rity

Dis

trib

uti

on v

ersu

s th

e B

ench

mar

k¹

Not

es: 1.

Due

to th

e na

ture

of t

he s

ecur

ity, M

ortg

age-

Back

ed S

ecur

ities

are

repr

esen

ted

base

d on

thei

r ave

rage

life

mat

urity

rath

er th

an th

eir f

inal

mat

urity

.

0.0%

5.0%

10.0

%

15.0

%

20.0

%

25.0

%

30.0

%

Market Value

Yea

rs to

Mat

urit

y

1-5

Yea

r In

vest

men

t Por

tfol

ioM

erri

ll L

ynch

1-5

Yea

r U

.S. T

reas

ury

Not

e In

dex

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 7

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io C

ompl

ianc

e R

epor

t

Inve

stm

ent P

olic

y R

ule

Com

plia

nt?

1.

Inve

stm

ents

lim

ited

to a

utho

rized

fixe

d se

curit

ies.

Yes

2.

Out

perfo

rm to

tal r

etur

n be

nchm

arks

ove

r a m

arke

t cyc

le (4

to 7

yea

rs):

Yes

Sinc

e In

cept

ion

Annu

aliz

ed T

otal

Ret

urns

as

of D

ecem

ber 3

1, 2

013

1-5

Year

Inve

stm

ent P

ortfo

lio1.

48%

ML

1 -5

Yea

r U.S

. Tre

asur

y N

ote

Inde

x1.

03%

Flor

ida

PRIM

E0.

26%

ML

3-M

onth

Tre

asur

y Bi

ll In

dex

0.10

%

3. T

op 5

0 pe

rcen

tile

of o

ther

man

ager

s ov

er a

mar

ket c

ycle

:Ye

sTo

p 25

th P

erce

ntile

for t

he L

ast 1

2 M

onth

s

4. M

axim

um e

ffect

ive

dura

tion

is fi

ve y

ears

Dec

embe

r 30,

201

8.¹

Yes

Long

est D

urat

ion

Nov

embe

r 13,

201

82

5.

Max

imum

effe

ctiv

e du

ratio

n of

the

portf

olio

is 1

20%

of b

ench

mar

k.Ye

sPo

rtfol

io's

Effe

ctiv

e D

urat

ion

2.53

Yea

rsBe

nchm

ark'

s Ef

fect

ive

Dur

atio

n2.

64 Y

ears

6. M

axim

um 4

5% o

f por

tfolio

with

effe

ctiv

e du

ratio

n gr

eate

r tha

n 3

year

s.Ye

sPe

rcen

t of P

ortfo

lio w

ith d

urat

ion

grea

ter t

han

3 ye

ars

40.1

3%2

M

inim

um 1

0% o

f por

tfolio

with

effe

ctiv

e du

ratio

n le

ss th

an 1

yea

r.Ye

sPe

rcen

t of P

ortfo

lio w

ith d

urat

ion

less

than

1 y

ear

23.3

0%

7.

Max

imum

of 5

% in

any

sin

gle

Cor

pora

te is

suer

.Ye

sTo

p 5

Cor

pora

te E

xpos

ure:

Perc

ent

Bank

of T

okyo

Mits

ubis

hi C

omm

erci

al P

aper

4.61

%BN

P Pa

ribas

Com

mer

cial

Pap

er4.

44%

Gen

eral

Ele

ctric

Cor

pora

te N

otes

3.50

%C

hevr

on C

orpo

rate

Not

es2.

99%

Wal

t Dis

ney

Co

Cor

pora

te N

otes

2.89

%

8.

Aver

age

portf

olio

qua

lity

ratin

g of

8.0

or h

ighe

r with

m

inim

um s

ecur

ity ra

ting

of B

BB o

r hig

her b

y 2

ratin

g ag

enci

es:

Yes

Qua

lity

Rat

ings

:Is

suer

Rat

ing3

Scal

eAl

loca

tion

U.S

. Tre

asur

y10

17.7

8%Ag

ency

946

.19%

AAA

(incl

udes

A-1

+)8

0.77

%AA

711

.23%

A (in

clud

es A

-1)

624

.03%

BBB

00.

00%

Port

folio

Ave

rage

8.22

100.

00%

9.

Inve

stm

ent m

anag

er re

spon

sibi

litie

s be

ing

fulfi

lled:

Yes

Mon

thly

repo

rting

of h

oldi

ngs

and

trans

actio

nYe

sQ

uarte

rly re

porti

ng o

f the

fund

's p

erfo

rman

ceYe

sM

aint

aini

ng a

n ap

prov

ed li

st o

f dea

lers

Yes

Tran

sact

ions

exe

cute

d vi

a co

mpe

titiv

e bi

dsYe

sM

aint

ain

a M

aste

r Rep

urch

ase

Agre

emen

tYe

sM

aint

ain

cust

odia

l arr

ange

men

ts a

nd a

gree

men

tsN

otes

:

1. B

loom

berg

is th

e so

urce

s fo

r the

Ave

rage

Life

of t

he M

ortg

age

Bac

ked

Sec

uriti

es a

s pe

rmitt

ed in

the

Con

sorti

um's

Inve

stm

ent P

olic

y.

3. B

ased

on

Sta

ndar

d &

Poo

r's c

redi

t rat

ing.

Acco

unt D

etai

ls

All a

re a

utho

rized

per

Inve

stm

ent P

olic

y

2. T

he a

vera

ge li

fe o

f mor

tgag

e ba

cked

sec

uriti

es fl

uctu

ates

thro

ugho

ut th

e lif

e of

the

secu

rity.

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 8

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io Q

uar

terl

y T

ran

sact

ion

s

Trad

eSe

ttlem

ent

Tran

sact

ion

Secu

rity

Mat

urity

Equi

vale

ntG

ain/

Loss

Dat

eD

ate

Type

CU

SIP

Des

crip

tion

Cou

pon

(%)

Dat

ePa

r Val

ueYi

eld

(%)

on S

ale

12/1

/201

312

/1/2

013

MBS

PM

T31

408C

4D5

FNM

A M

BS P

OO

L #8

4782

05.

5012

/1/2

035

176.

320.

000.

0012

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013

12/1

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3M

BS P

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3141

8U4W

1FN

MA

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1312

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013

BUY

3135

G0P

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NIE

MAE

GLO

BAL

NO

TES

0.88

10/2

6/20

17(5

00,0

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0)1.

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00

12/1

6/20

1312

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2013

BUY

0653

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NK

OF

TOKY

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(650

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12/1

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2013

MAT

UR

ITY

0653

8BZG

1BA

NK

OF

TOKY

O M

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BISH

I CO

MM

PAP

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0012

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2013

650,

000.

000.

000.

00

12/1

2/20

1312

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2013

BUY

3130

A0G

K0FH

LB (C

ALLA

BLE)

GLO

BAL

NO

TES

0.38

12/3

0/20

15(3

50,0

00.0

0)0.

390.

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2013

12/3

0/20

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LL91

2828

KJ8

US

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OTE

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753/

31/2

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350,

000.

000.

1118

5.52

Tota

l1($

17,0

27.3

4)($

382.

27)

Not

e:

1. T

he P

ar A

mou

nt to

tal d

oes

not r

epre

sent

a g

ain

or lo

ss o

n tra

nsac

tions

. C

ash

and/

or e

arni

ngs

wer

e ut

ilized

to m

ake

up th

e di

ffere

nce

in b

uy/s

ell t

rade

am

ount

s.

PF

M A

sset

Man

agem

ent

LL

CSe

ctio

n B

- 1

0

Flo

rid

a C

olle

ge S

yste

m R

isk

Man

agem

ent

Con

sort

ium

Inve

stm

ent

Rep

ort

- Q

uar

ter

En

ded

Dec

emb

er 3

1, 2

013

1 -

5 Y

ear

Inve

stm

ent

Por

tfol

io I

nte

rest

Rec

eive

d D

uri

ng

the

Qu

arte

rM

ATU

RIT

YIN

TER

EST

SETT

LETR

AN T

YPE

SEC

UR

ITY

DES

CR

IPTI

ON

CU

SIP

PAR

CO

UPO

ND

ATE

REC

EIVE

D

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3IN

TER

EST

MO

NEY

MAR

KET

FUN

DM

ON

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02$0

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0.00

$1.5

710

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INTE

RES

TFH

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PO

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3128

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44$1

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43.6

95.

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4046

8.62

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13IN

TER

EST

FHLM

C M

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0836

931

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8$3

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504/

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INTE

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TW

ELLS

FAR

GO

& C

OM

PAN

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LOAT

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INTE

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MA

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3140

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3139

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1$5

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TER

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US

TREA

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S91

2828

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$315

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0.13

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RES

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HIR

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NO

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INTE

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5.50

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668.

7811

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INTE

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TFH

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533

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0$1

69,6

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Information Item 6.a. Three Year Performance/Projection

Property/Casualty & Administrative Services

Agenda Item 4.a.1.

Property & Casualty Three Year Results and Forecast

2011 - 2013 PROPERTY RESULTS

1. Property values increased 9% and average annual WIND loss increased 17%

(determined by RMS v11)

2. Average annual wind loss increased by 121% from 2011 to 2012 due to new wind model RMS v11.

3. AJG financially supported and conducted an underwriting data collection project.

This projected had two goals: 1) Present all possible Property program structures and options to determine optimal Property program and 2) collect all necessary Property underwriting data to minimize impact of RMS v11.

4. Underwriting data collection project’s outcome was 1) Operating committee

determined the desired Property program structure was currently being utilized and 2) 104% reduction in average annual wind loss from 2011 to 2013.

5. In person underwriter meetings were conducted for the 2013 renewal with the

London marketplace. This visit in conjunction with the underwriting data collection project produced four key results.

a. 40% increase in wind capacity for 2013. b. London’s total capacity increased to 25% of total program. c. Created competition throughout program driving rate reductions. d. Created stable capacity throughout program for future renewal success.

6. The Property rate increased by 13% from 2011 to 2013, which is approximately

8% below market for this period.

7. Executed FCSRMC/College Agreements

2011 – 2013 CASUALTY RESULTS

1. Workers’ Compensation payroll exposure increased from $1,203,990,115 to $1,276,680,568 (6%).

2. The Workers’ Compensation premium during this period went from $592,628 to $598,017.

3. The total Workers’ Compensation collateral requirement has been reduced from

$8.7M to $5.6M. 4. Further refinement of School Leaders coverage wording addressing coverage

trigger for EEOC proceedings. 5. Completed School Leaders Limit of Liability analysis demonstrating that

FCSRMC limits purchased are in line with other college/education programs 6. Over a three year period, equipment breakdown premium has been reduced from

$234,291 to $178,428. This cost reduction includes adverse claims experience. 7. ERM Implementation

a. Planning meetings October 2012 b. Workshop November 2012 – FCSRMC Mission Statement c. Working Meeting – Key Risks Review January 2013 d. Ops Meeting Report January 2013 e. Risk Assessment Workshop March 2013 – Student Internships f. Working Meeting November 2013 – set course for 2014

8. Cyber Presentation (8/13) and indication for Cyber coverage will be provided for 2014 renewal.

9. Quarterly Claim Reviews held to review and strategize on various Workers’ Compensation and General Liability claims.

10. Propose Plan Document wording updated to better align definition and terms of

the property coverage with the excess property insurance program

11. Development and Testing of Accident and Incident Web Reporting Tool

12. Research options and post Bid Request for RMIS (Risk Management Information System), with assistance from Fiscal Agent.

2014 - 2016 FORECAST

1. The Property marketplace for 2014 is softening. After two years of rate increases and no storms more wind capacity has entered the market and is expected to drive rates down.

2. A visit to London is scheduled for December 2014 to visit underwriters and solicit more competition and premium reduction.

3. Continue to pursue further reductions in cash collateral required by former Workers’ Compensation carrier (ACE).

4. Dedicated safety and loss prevention resource provided by AJG.

5. Monthly Safety Newsletters

6. Shoe’s for Crews Initiative

7. ERM Implementation efforts

a. Update 3 times a year at OPS b. Include sessions (s) at 2014 Risk Summit c. Develop ERM library and post to FCSRMC website

8. Monitor and report on emerging risks and exposures.

9. Implement and utilize RMIS system to provide access to data to better manage and

mitigate risk for member institutions. 10. Post Lawyer Application Form for prospective legal panel members. 11. Review Direct Service Organization/Foundation Insurance needs for possible current

coverage or overlaps through the FCSRMC.

Information Item 6.b. Three Year Performance/Projection

Employee Benefit Plans

2011 – 2013 RESULTS

• Enrollment membership increased 17% to 22 colleges and 15,000 enrollees.

• Health program average annual rate change only 2.78% versus marketplace of 10.05%.

• Health program fund balance reserves increased 58% to $25,754,850

(8/31/2013).

• Actuarially and credible certified benchmark report with over 54 million lives indicates the Consortium health program cost share is lower than all national, regional (South) and industry specific (Education – South) comparisons. A lower cost share is an indicator that the Consortium health program is absorbing a larger percentage of total medical expenditures that the peer groups.

• $15.6 million in reduced fee costs for the health program were secured

through successful contract negotiations with the plan administrator Florida Blue through 2017.

• The health program annual actuarial 112.08 filing certifications were

successfully developed for and approved by the State of Florida each year.

• Employing the collective purchasing power of the participating colleges, market evaluations are conducted periodically to ensure the highest value employee benefit plan products at the most competitive rates. During this time period, formal requests for proposals were completed by Mercer for the group life, disability, dental and vision products. The Mercer consulting fees were paid by the winning carriers so there was no expense to the Consortium or the colleges. These efforts resulted in the selection of industry leading vendors and a savings of over one million dollars in premiums and multiple year rate guarantees.

• A wellness program valued at over $500,000 was secured and implemented

at no cost from the health program plan administrator. The Consortium has introduced member and college incentives within the wellness program.

• $214,000 was recovered on behalf of the participating colleges from the

Federal Government Early Retiree Reinsurance Program.

EMPLOYEE BENEFIT PLANS Three Year

Results and Forecast

• Over $300,000 was saved for the 25 colleges that participate in the Consortium sponsored post retirement actuarial evaluations.

• During the period, a health program claims and procedural audit, a medical

management assessment, a student health plan evaluation and a smoke free roadmap were all completed successfully.

• The coverage mandates and fees associated with the emerging Health Care

Reform were closely managed, monitored and implemented as required.

• The emerging Private Exchanges were evaluated.

• A work effort to evaluate and assess the marketplace benefit administration and consolidated billing capabilities was initiated. These services are needed to provide the employee benefit plans with a vendor supplied automated enrollment, compliance and accounts receivable administration. The work resulted in the formation of a Vetting Committee consisting of participating college and Consortium representatives. A finalist vendor was identified and is being presented to the Operations Committee for approval.

2014 -2016 FORECAST

• The impacts of Health Care Reform will continue to be closely monitored and managed to ensure compliance. The fees will need to be accounted for in the self-insured health program financial assessment.

• Assuming approval, the new automated enrollment, compliance and accounts

receivable system and process will need to be closely monitored and managed to ensure a completely successful and satisfactory outcome for all stake holders.

• The self-insured health program plan designs, cost and utilization analysis,

funding development, rate setting and reserves assessment will require expert management and monitoring to ensure a continuation of results and outcomes that are more favorable than the marketplace.

• The ongoing management and promotion of the member wellness program

will be an important contributor to favorable health plan cost and utilization results.

• An ongoing effort in identifying, evaluating and negotiating high value and

competitive pricing from the marketplace using the collective purchasing power of the participating colleges will be paramount in the continuation of attractive product offerings and premium renewals.

• The evaluation and assessment of the individual college employee benefit

plan needs and requirements will be an important component of maintaining a productive and attractive product portfolio.

Information Item 6.c. Operations Committee Members

as of January 30, 2014 and March 01, 2014

FLORIDA COLLEGE SYSTEM RISK MANAGEMENT CONSORTIUM OPERATIONS COMMITTEE MEMBERS AS OF JANUARY 24, 2014

VOTING MEMBERS Dr. Chuck Mojock (Chair) 06/30/14 President Lake-Sumter State College 9501 Highway 441 Leesburg, FL 34788-8751 Office: 352-365-3523 Fax: 352-365-3548 Cell: 352-636-8524 E-MAIL: mojockc@lssc.edu Dr. James Henningsen (Vice-Chair) 06/30/14 President College of Central Florida 3001 SW College Road Ocala, FL 34477 Office: 352-873-5835 Fax: 352-873-5847 Cell: E-MAIL: henningj@cf.edu Richard Becker 02/28/16 Vice President, Administration & Business Services Palm Beach State College 4200 Congress Avenue Lake Worth, FL 33461-4796 Office: 561-868-3137 Fax: 561-868-3585 Cell: 561-523-0499 E-MAIL: beckerr@palmbeachstate.edu Ken Burdzinski 02/28/16 Vice President, Business Services Pasco-Hernando Community College 10230 Ridge Road New Port Richey, FL 34654-5199 Office: 727-816-3412 Fax: 727-816-3450 Cell: 727-207-8139 E-MAIL: burdzink@phcc.edu *Gean Ann Emond 02/28/17 Vice President, Business Affairs Pensacola State College 1000 College Boulevard Pensacola, FL 32504-8998 Office: 850-484-1728 Fax: 850-484-1995 Cell: 850-982-7298 E-MAIL: gemond@pensacolastate.edu Bill Hunter 02/28/15 Director, Human Resources North Florida Community College 325 NW Turner Davis Drive Madison, FL 32340 Office: 850-973-9448 Fax: 850-973-9435 Cell: 386-303-1765 E-MAIL: hunterb@nfcc.edu E.H. Levering 02/28/15 Senior Vice President, Bus Affairs & Chief Financial Officer Miami Dade College 11011 SW 104th Street, Room 1131 Miami, FL 33176-3393 Office: 305-237-2389 Fax: 305-237-0957 Cell: 305-297-2042 E-MAIL: ehlevering@mdc.edu Al Little 02/28/17 VP for Finance and Administration/CFO St. Johns River State College 5001 St. Johns Avenue Palatka, FL 32177-3897 Office: 386-312-4116 Fax: 386-312-4167 Cell: 321-403-4747 E-MAIL: allittle@sjrstate.edu

Glenn Little 02/28/15 Vice President of Administrative Services South Florida State College 600 West College Drive Avon Park, FL 33825-9356 Office: 863-784-7218 Fax: 863-784-7497 Cell: 863-835-1152 E-MAIL: littleg@southflorida.edu NON-VOTING MEMBERS Chauncey Fagler Executive Director Florida College System Risk Management Consortium 4500 NW 27th Street, Suite D2 Gainesville, FL 32606 Office: 352-955-2190 Fax: 352-955-2069 Cell: 352-283-5597 E-MAIL: cfagler@fcsrmc.com Ginger Gibson Vice President for Admin Affairs/CFO Santa Fe College 3000 NW 83rd Street, Room F028 Gainesville, FL 32606-6200 Office: 352-395-5208 Fax: 352-395-7020 Cell: 352-572-9880 E-MAIL: ginger.gibson@sfcollege.edu Dr. John Holdnak Florida Department of Education Division of Florida Colleges Executive Vice Chancellor 325 West Gaines Street, Suite 1548 Tallahassee, FL 32399 Office: 850-245-0448 Fax: 850-245-9454 Cell: 850-832-2306 E-MAIL: john.holdnak@fldoe.org IN TRAINING Mae Kline AVP, Human Resources Seminole State College 100 Weldon Boulevard Sanford, FL 32773 Office: 407-708-2170 Fax: 407-708-2359 Cell: E-MAIL: klinem@seminolestate.edu Barbara Larson Vice President of Administration/CFO Hillsborough Community College 39 Columbia Drive Tampa, FL 33606 Office: 813-253-7015 Fax: 813-253-7183 Cell: E-MAIL: blarson2@hccfl.edu GENERAL COUNSEL Thomas M. Gonzalez Thompson, Sizemore & Gonzalez One Tampa City Center 201 North Franklin Street, Suite 1600 Tampa, FL 33602 Office: 813-273-0050 ext 466 Fax: 813-273-0072 Cell: 813-727-4566

*Gean Ann Emond will serve for one year of the 3 year term. Peter Elliott will serve the remaining 2 years of the term.

FLORIDA COLLEGE SYSTEM RISK MANAGEMENT CONSORTIUM OPERATIONS COMMITTEE MEMBERS AS OF MARCH 01, 2014

VOTING MEMBERS Dr. Chuck Mojock (Chair) 06/30/14 President Lake-Sumter State College 9501 Highway 441 Leesburg, FL 34788-8751 Office: 352-365-3523 Fax: 352-365-3548 Cell: 352-636-8524 E-MAIL: mojockc@lssc.edu Dr. James Henningsen (Vice-Chair) 06/30/14 President College of Central Florida 3001 SW College Road Ocala, FL 34477 Office: 352-873-5835 Fax: 352-873-5847 Cell: E-MAIL: henningj@cf.edu Richard Becker 02/28/16 Vice President, Administration & Business Services Palm Beach State College 4200 Congress Avenue Lake Worth, FL 33461-4796 Office: 561-868-3137 Fax: 561-868-3585 Cell: 561-523-0499 E-MAIL: beckerr@palmbeachstate.edu Ken Burdzinski 02/28/16 Vice President, Business Services Pasco-Hernando Community College 10230 Ridge Road New Port Richey, FL 34654-5199 Office: 727-816-3412 Fax: 727-816-3450 Cell: 727-207-8139 E-MAIL: burdzink@phcc.edu *Gean Ann Emond 02/28/17 Vice President, Business Affairs Pensacola State College 1000 College Boulevard Pensacola, FL 32504-8998 Office: 850-484-1728 Fax: 850-484-1995 Cell: 850-982-7298 E-MAIL: gemond@pensacolastate.edu Bill Hunter 02/28/15 Director, Human Resources North Florida Community College 325 NW Turner Davis Drive Madison, FL 32340 Office: 850-973-9448 Fax: 850-973-9435 Cell: 386-303-1765 E-MAIL: hunterb@nfcc.edu E.H. Levering 02/28/15 Senior Vice President, Bus Affairs & Chief Financial Officer Miami Dade College 11011 SW 104th Street, Room 1131 Miami, FL 33176-3393 Office: 305-237-2389 Fax: 305-237-0957 Cell: 305-297-2042 E-MAIL: ehlevering@mdc.edu Al Little 02/28/17 VP for Finance and Administration/CFO St. Johns River State College 5001 St. Johns Avenue Palatka, FL 32177-3897 Office: 386-312-4116 Fax: 386-312-4167 Cell: 321-403-4747 E-MAIL: allittle@sjrstate.edu

Glenn Little 02/28/15 Vice President of Administrative Services South Florida State College 600 West College Drive Avon Park, FL 33825-9356 Office: 863-784-7218 Fax: 863-784-7497 Cell: 863-835-1152 E-MAIL: littleg@southflorida.edu NON-VOTING MEMBERS Chauncey Fagler Executive Director Florida College System Risk Management Consortium 4500 NW 27th Street, Suite D2 Gainesville, FL 32606 Office: 352-955-2190 Fax: 352-955-2069 Cell: 352-283-5597 E-MAIL: cfagler@fcsrmc.com Ginger Gibson Vice President for Admin Affairs/CFO Santa Fe College 3000 NW 83rd Street, Room F028 Gainesville, FL 32606-6200 Office: 352-395-5208 Fax: 352-395-7020 Cell: 352-572-9880 E-MAIL: ginger.gibson@sfcollege.edu Dr. John Holdnak Florida Department of Education Division of Florida Colleges Executive Vice Chancellor 325 West Gaines Street, Suite 1548 Tallahassee, FL 32399 Office: 850-245-0448 Fax: 850-245-9454 Cell: 850-832-2306 E-MAIL: john.holdnak@fldoe.org IN TRAINING Mae Kline AVP, Human Resources Seminole State College 100 Weldon Boulevard Sanford, FL 32773 Office: 407-708-2170 Fax: 407-708-2359 Cell: E-MAIL: klinem@seminolestate.edu Peter Elliott Vice President of Administration/CFO Polk State College 999 Avenue H, NE Winter Haven, FL 33881 Office: 863-297-1081 Fax: 863-297-1011 Cell: E-MAIL: pelliott@polk.edu GENERAL COUNSEL Thomas M. Gonzalez Thompson, Sizemore & Gonzalez One Tampa City Center 201 North Franklin Street, Suite 1600 Tampa, FL 33602 Office: 813-273-0050 ext 466 Fax: 813-273-0072 Cell: 813-727-4566

*Gean Ann Emond will serve for one year of the 3 year term. Peter Elliott will serve the remaining 2 years of the term.