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Indian River County,Florida <br /> Notes To Financial Statements <br /> Year Ended September 30,2009 <br /> NOTE 4- CASH AND CASH EQUIVALENTS - Continued <br /> D. OPEB Trust Investments- Continued <br /> B Trust IRCOT had the following <br /> As of September 30, 2009, the Indian River County OPE ( ) g <br /> investments: <br /> Weighted <br /> Average <br /> Fair Maturity Portfolio Credit <br /> Investment Type Value In Years Percentayze Risks <br /> Short-Term Portion: <br /> Fidelity Treasury Money Market $ 1,102,201 0.16 23.00 % Aaa <br /> Long-Term Portion: <br /> Vanguard 500 Index 1,704,705 N/A 35.57 N/A <br /> Vanguard Mid Cap Index 211,165 N/A 4.41 N/A <br /> Vanguard Small Cap Index 107,858 N/A 2.25 N/A <br /> Vanguard Short Term Treasury 874,538 2.30 18.25 Aaa <br /> Vanguard Intermediate Treasury 586,606 6.30 12.24 Aaa <br /> Vanguard Federal Money Market 205,428 0.19 4.28 Aaa <br /> Total Fair Value S 4,792,501 100.0 % <br /> For further information on the OPEB Trust investments and related risks, see Note 16-F. <br /> NOTE 5 -PROPERTY TAX REVENUES <br /> Taxable values for all property are established as of January 1, which is the date of lien, for the fiscal <br /> year starting October 1. Property tax revenues recognized for the 2008-2009 fiscal year were levied in <br /> October 2008. All taxes are due and payable on November 1 or as soon as the assessment roll is <br /> certified and delivered to the Tax Collector. Discounts are allowed for early payment at the rate of 4% <br /> in November, 3% in December, 2% in January, and 1% in February. Taxes paid in March are without <br /> discount. All unpaid taxes become delinquent as of April 1. Virtually all unpaid taxes are collected via <br /> the sale of tax certificates on or prior to June 1; therefore, there were no material taxes receivable at <br /> fiscal year end. <br /> 62 <br />