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�9� BooK 90 F,, F <br />SES ,3'39 <br />CONSENT AGENDA <br />Commissioner Eggert requested removal of Items C and G, and <br />Commissioner Adams requested removal of Items J and M, for <br />discussion. <br />A. Award of Recognition <br />The Board reviewed memo from Finance Director Richard E. <br />Watkins dated August 31, 1993: <br />TO: Honorable Board of County Commissioners <br />DATE: August 31, 1993 <br />SUBJECT: Award of Recognition <br />FROM: Richard E. Watkins, Finance Director <br />The Government Finance Officers'Association (GFOA) has encouraged <br />all its participants 'in the Certificate of achievement for <br />Excellence in Financial Reporting Program to seek the "Award of <br />Recognition" from the National Federation of Municipal Analysts <br />(NFMA). The Indian River County commitment for - the Award of <br />Recognition was recently forwarded to the NFMA. The NFMA approval <br />is enclosed. <br />The four National Repositories recommended by NFMA are included. <br />We have already forwarded a copy of the Counties most recent <br />Comprehensive Annual Financial Report (Fiscal Year 1992) to each <br />one. We will now be able to include in the Official Statement of <br />all future Indian River County bond issues an appropriate statement <br />emphasizing that the County participates in the NFMA Award Program. <br />The Award of Recognition Program is designed to assure investors of <br />our commitment to continued disclosure of the Counties' financial <br />reports. This will permit investors to make better informed <br />decisions to buy, sell or hold Indian River County securities. <br />This may increase the market acceptability of our bond issues and <br />may reduce the interest rate paid on future bond issues. <br />NFMA membership comprises approximately 700 municipal bond analysts <br />across the country. They represent the major participants in the <br />municipal securities market, including unit investment trusts, <br />investment portfolios, bond insurers and rating agencies. <br />Recommend the enclosed Award of Recognition be appropriately <br />displayed in the County offices. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously <br />acknowledged the Award ,of Recognition and directed <br />that it be displayed in the County offices. <br />2 <br />