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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2016 <br />NOTE 3 - CASH AND INVESTMENTS - Continued <br />C. Investments <br />As of September 30, 2016,.the County 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 Market Rate Investments: <br />Florida Local Government <br />Investment Trust Fund <br />W&S Sinking Fund Reserve: <br />U.S. Treasuries <br />Total Fair Value <br />Fair Value <br />Weighted <br />Average <br />Maturity <br />In Years <br />Portfolio Credit <br />Percentage Risks* <br />$ 82,039,092 0.87 40.99 % N/A <br />13,988,773 1.63 <br />26,640,150 1.16 <br />40,952,383 0.98 <br />19,964,070 0.53 <br />12,467,718 0.08 <br />4,107,392 <br />$ 200,159,578 <br />Weighted Average Maturity of Investments <br />6.99 AA+ <br />13.31 AA+ <br />20.46 AA+ <br />9.97 AA+ <br />AAAf and <br />6.23 S-1** <br />0.96 2.05 N/A <br />0.90 <br />100 % <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 />Fair Value Measurement <br />The County categorizes its fair value measurements within the fair value hierarchy established by <br />generally accepted accounting principles. The hierarchy is based on the valuation inputs used to <br />measure the fair value of assets, as determined by the Board's investment advisors. Level 1 inputs are <br />quoted prices in active markets for identical assets; Level 2 inputs are significant other observable <br />inputs; Level 3 inputs are significant unobservable inputs. <br />62 <br />