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Indian River County, Florida <br />Board of County Commissioners <br />Notes To Financial Statements <br />Year Ended September 30, 2014 <br />NOTE 2 - CASH AND CASH EQUIVALENTS - Continued <br />C. Investments <br />On July 24, 2014, the Board of County Commissioners updated its investment policy to reflect the <br />following change in valuing the portfolio: the portfolio will be marked to market with an average of <br />three brokers' evaluations. <br />As of September 30, 2014, the Board had the following investments: <br />Investment Type <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 />Harbor Community Bank CD <br />Other Market Rate Investments: <br />Regions Bank Money Market <br />TD Bank Money Market <br />BankUnited Money Market <br />Florida Local Government <br />Investment Trust Fund <br />W&S Sinking Fund Reserve: <br />U.S. Treasuries <br />Fidelity Institutional Money Market <br />Total Fair Value <br />Fair Value <br />$ 120,071,970 <br />29,977,122 <br />26,968,778 <br />15,970,150 <br />6,999,102 <br />Weighted <br />Average <br />Maturity Portfolio <br />InYears Percentage <br />Credit <br />Risks* <br />0.95 43.02 % N/A <br />0.79 <br />1.16 <br />1.57 <br />0.27 <br />3,016,949 1.35 <br />13,091,698 <br />20,027,524 <br />26,058,781 <br />0.08 <br />0.08 <br />0.08 <br />11,448,484 0.08 <br />5,460,324 <br />7,784 <br />$ 279,098,666 <br />Weighted Average Maturity of Investments <br />1.03 <br />0.08 <br />0.76 <br />10.74 <br />9.66 <br />5.72 <br />2.51 <br />AA+ <br />AA+ <br />AA+ <br />AA+ <br />1.08 N/A <br />4.69 N/A <br />7.18 N/A <br />9.34 N/A <br />AAAf and <br />4.10 S-1** <br />1.96 N/A <br />100.00 % <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 />257 <br />AAAm <br />