Laserfiche WebLink
Indian River County, Florida <br />Board of County Commissioners <br />Notes To Financial Statements <br />Year Ended September 30, 2011 <br />NOTE 2 - CASH AND CASH EQUIVALENTS - Continued <br />C. Investments <br />On August 12, 2008, the Indian River County Board of County Commissioners modified the investment <br />policy pursuant to Section 218.415, Florida Statutes, that established permitted investments, asset <br />allocation limits, issuer limits, credit ratings requirements and maturity limits to protect the Board's cash <br />and investments. <br />As of September 30, 2011, the Board had the following investments: <br />Weighted <br />Average <br />Maturity Portfolio Credit <br />Investment Type Fair Value InYears Percentage Risks* <br />Fixed Rate Debt Instruments: <br />U.S. Treasuries <br />U.S. Agencies:*** <br />Federal Farm Credit Bureau <br />Federal Home Loan Bank <br />Federal Home Loan Mortgage <br />Federal National Mortgage Assoc. <br />Other Fixed Rate Investments: <br />Fund B Surplus Funds Trust Fund <br />Florida Local Government <br />Investment Trust Fund <br />Other Market Rate Investments: <br />$ 99,264,382 1.04 33.56 % N/A <br />Regions Bank Money Market <br />Suntrust Bank NOW Account <br />Florida Trust Day to Day Fund <br />W&S Sinking Fund Reserve: <br />U.S. Treasuries <br />Federal Home Loan Bank <br />Fidelity Institutional Money Market <br />Total Fair Value $ <br />39,215,167 <br />1.39 <br />13.26 <br />AA+ <br />50,091,446 <br />1.00 <br />16.94 <br />AA+ <br />18,991,294 <br />1.41 <br />6.42 <br />AA+ <br />36,996,709 <br />0.65 <br />12.51 <br />AA+ <br />458,460 <br />4.82 <br />0.16 <br />Not Rated <br />AAAf and <br />9,960,868 <br />0.08 <br />3.37 <br />S-1** <br />13,897,326 <br />0.08 <br />4.70 <br />N/A <br />7,567,072 <br />0.08 <br />2.55 <br />N/A <br />13,914,862 <br />0.08 <br />4.70 <br />AAAm <br />3,724,922 <br />0.98 <br />1.26 <br />N/A <br />1,678,827 <br />0.39 <br />0.57 <br />AA+ <br />11,200 <br />0.08 <br />0.00 <br />AAAm <br />295,772,535 <br />100.00 <br />% <br />0.91 <br />* Ratings based upon Standard and Poor's <br />** AAAf credit quality, S-1 Market Volatility <br />*** The weighted calculation considers the investments are carried until full maturity <br />(i.e. call dates are not considered). <br />254 <br />