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CASH AND INVESTMENTS In accordance with the Florida Statutes, the County adopted investment policies which guides the investment of County funds. These policies establish investment objectives, maturity and liquidity requirements, portfolio composition, risk and diversification requirements, and authorized investments. The primary objectives of investment activities are to preserve capital and maintain sufficient liquidity to meet anticipated cash flow needs. Cash reported on the financial statements includes bank deposits, cash on hand, certificates of deposit, money market accounts, and all highly liquid investments with maturities of ninety days or less when purchased. Investments consist of U.S. Treasury Securities, U.S. Government Agency Securities, money market funds, certificates of deposit, Florida PRIME Fund, the Florida Trust Day to Day Fund, and the Florida Local Government Investment Trust Fund (FLGIT). The Clerk invests the surplus funds in accordance with the policy guidelines and earned $2.1 million in interest income in fiscal year 2016. As of September 30, 2016, the County's investment portfolio was invested in the categories listed in the chart below. The fair market value of the investments was $339.9 million and the weighted average maturity was 0.90 years. CASH & INVESTMENTS AMOUNT PERCENTAGE OF PORTFOLIO Cash U.S. Agencies U.S. Treasuries Florida Local Government Investment Trust Fund (FLGIT) $139,739,705 101,545,376 86,146,484 L12,467,718 41.1% 29.9% 25.3% 3.7% $339,899,283 100% Ball fields at the North County Regional Park Photo courtesy of IndianRiverByAir.com Cash and Investment Balances $415.9 (in millions as of September 30) i 1 $332.3 $309.9 $320.5 $324.4 $317.2 $319.2 $317.9 $325.5 $339.9 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 18