The following programs have been tailored to meet the needs of local governments:

• Investments - The Florida Municipal Investment Trust (FMIvT) is a local government investment pool. The FMIvT offers five (5) fixed income portfolios and five (5) equity portfolios to choose from.
• Retirement - The Florida Municipal Pension Trust Fund (FMPTF) provides a low-cost, worry free retirement plan administration. The League administers: defined benefit, Chapter 175 & 185 plans, defined contribution (401) and deferred compensation (457) plans.
• OPEB - The Florida Municipal Pension Trust Fund has created an Other Post Employment Benefits (OPEB) Trust. The FMPTF has put together a complete administrative program that will take the guesswork out of setting up your municipality’s OPEB trust. Whether you choose to fund your OPEB liability over a number of years, or to fund the entire liability up front, the FMPTF’s administrative program will provide a low cost, worry free approach to administering your trust.  OPEB actuarial valuations can also be performed for non trust members.
  
• Bond Pool - The Florida Municipal Loan Council (FMLC) is a fixed rate loan pool program for cities to use for capital improvements, renovations, fixed asset additions or refinancing of existing debt. The minimum loan size is $3 million with terms of repayment up to 30 years.
• Capital Access Program - This program is for municipal issuers interested in obtaining long-term financing with the assistance of FMLC. The FMLC, working with Branch Banking and Trust (BB&T), has established a bank loan program whereby borrowers can finance various projects and pledge various revenue sources to secure financing.
• Commercial Paper - Commercial paper borrowing has been used by some larger local governments but may not have been an alternative for many issuers because of the large initial amount required to achieve economies of scale. Through pooling the needs of many entities, the FMLC makes commercial paper feasible for both small and large governments. The Commercial Paper Program provides an alternative to the traditional fixed-rate debt for both short-term needs and possibly for diversification of the long-term debt portfolio.
• Revenue Enhancement Training - Training and technical information is available. This program is "customized" specifically to the needs of each city and its officials.
• U.S. Communities - A nationwide purchasing cooperative designed to be a procurement resource for local and state government agencies, school districts (K-12), higher education and nonprofits.
• U.S. Communities Go Green Program - The Go Green Program is the one-stop source for public agency access to buy and live green. We offer a broad line of green products, services and resources. In addition to our green contracts that offer eco-friendly products, local government will find a wealth of green information and resources that will help lower your community’s carbon footprint and assist you in making educated decisions about the products your agency purchases.
• Telecommunication Cost-Reduction Program - The primary purposes of this program are to discover over-billing errors and negotiate refunds and to identify and implament cost savings that are transparent to the user.  The program seeks to identify less costly service options for the city that still deliver the quality and service your employees have come to expect.
• Collection of Delinquent Local Business Tax from Insurance Companies - This year's disbursement of delinquent and escaped local business taxes collected from insurance companies has added a significant amount of revenue to many Florida cities. The Delinquent Local Business Tax Collection Program (formerly the Delinquent Occupational License Tax Collection Program), created by the League in 1951, provides and additional source of revenue to participating members. Through its consulting agency, the League researches and initiates collection procedures for unpaid local business taxes from insurance companies. Program participants receive 50 percent of the collection. They can add these companies to their current list in order to receive 100 percent of future collections. In many instances, the amount returned to the city exceeds the amount that city paid for dues to the Florida League of Cities.

Our Mission Statement: Utilizing economies of scale to provide local governments in Florida innovative and comprehensive financial solutions while remaining competitive for large governments.

For more information contact Paul Shamoun, Account Executive for the Department of Insurance and Financial Services, FLC at 850-701-3648.