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Indian River County Investment Advisory Committee <br /> �••- Quarterly Investment Report <br /> July 1,2013 through September 30,2013 <br /> INVESTMENT POLICY <br /> In accordance with Section 218.415, Florida Statutes, the Board of County Commissioners adopted an <br /> Investment Policy to govern the investment of county funds by the Clerk of the Circuit Court.The Policy <br /> states the primary objectives of investment activities are to preserve capital and to provide sufficient <br /> liquidity to meet the cash flow needs of the county. Investment returns are secondary to the requirements <br /> for safety and liquidity. <br /> INVESTMENT ADVISORY COMMITTEE <br /> An Investment Advisory Committee meets quarterly to review the previous quarter's investment <br /> activities, evaluate current and future liquidity needs, recommend investment strategies. The Committee <br /> consists of the Clerk of the Circuit Court, Finance Director, Internal Auditor, Budget Director, and three <br /> qualified citizens with investment or financial management expertise. The individuals who have agreed <br /> to serve are: David W. Griffis, Senior Vice President with Northern Trust Bank of Florida; Ted Libby, <br /> Senior Portfolio Manager with Cypress Capital Group; Andy Beindorf, Executive Vice President with <br /> CenterState Bank. <br /> AUTHORIZED INVESTMENTS <br /> As permitted by the Investment Policy, funds were invested only in the following types of investments: <br /> Federal Farm Credit Banks bonds and discount notes(FFCB), <br /> ..» Federal Home Loan Banks bonds and discount notes(FHLB), <br /> Federal Home Loan Mortgage Corporation bonds and discount notes(FHLMC), <br /> Federal National Mortgage Association bonds and discount notes(FNMA), <br /> Treasury Notes and Bills, <br /> State of Florida Local Government Surplus Funds Trust Fund(SBA)(for existing funds only), <br /> Florida Local Government Investment Trust(FLGIT), <br /> Other intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act <br /> as provided in F.S. 163.0 1, <br /> Certificates of Deposit(CDs), <br /> Money Market Funds, <br /> Repurchase Agreements. <br /> BOND PROCEEDS INVESTMENT <br /> The current bond reserve is placed with Bank of New York/Mellon and is currently invested in short- <br /> term treasury bills and agencies. <br /> 1 of 2 <br /> 35 <br />