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JEFFREY R. SMITH, CPA, CGFO, CGMA <br />Clerk of Circuit Court & Comptroller <br />Finance Department <br />1801 27'h Street <br />Vero Beach, FIL 32960 <br />Telephone: (772) 226-1945 <br />TO: <br />Board of County Commissioners <br />FROM: <br />Elissa Nagy, Finance Director <br />THRU: <br />Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller <br />DATE: <br />July 18, 2017 <br />S11.1133ECT: <br />Change In Investment Policy <br />�9 <br />0 <br />BACKGROUND <br />During the Investment Advisory Committee meeting on July 13, 2017, seven changes were recommended <br />to the Investment Policy. <br />We are requesting the following be changed to our investment policy: <br />OLD. <br />1. Title Paae — INVIESTMENT POLICY for SURPLUS FUNDE <br />NEW: <br />1. Title Page —CASH AND SURPLUS FUNDS INVIWAIENT POLICY <br />OLD. <br />2. Table of Contents — INVESTMENT POUCY <br />NEW. <br />2. Table of Contents — CASH AND SURPLUS FUNDS INYESTMENT POLI <br />OLD. <br />3. Page 1, Section I — Overview and Purpose <br />"ThIs Investment policy applies to all surplus monetary assets of Indian River County <br />except 1) debt proceeds, 2) demand deposits covered by banking agreements, and 3) <br />monetary assets held by other entities on behalf of the County." <br />M9W <br />3. Page 1. Section I — Overview and PurDose <br />"This policy applies to all cash and surplus funds of Indian River County except 1) debt <br />proceeds and 2) monetary assets held by other entities on behalf of the County." <br />P146 <br />