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Sea turtle on an Indian River County Beach <br />Photo courtesy of Deanna DeRosia (Instagram <br />@sweet. dea. drawings) <br />In accordance with the Florida Statutes, the County adopted <br />investment policies which guide the investment of County <br />funds. These policies establish investment objectives, <br />maturity and liquidity requirements, portfolio composition, <br />risk and diversification requirements, and authorized <br />investments. The primary objectives of investment activities <br />are to preserve capital and maintain sufficient liquidity to <br />meet anticipated cash flow needs. The Clerk invests the <br />surplus funds in accordance with the policy guidelines and <br />earned $2.3 million in interest income in fiscal year 2017. <br />Cash and investments totaled $357.6 million as of <br />September 30. Cash reported on the financial statements <br />includes bank deposits, cash on hand, certificates of deposit, <br />money market accounts, and all highly liquid investments <br />with maturities of ninety days or less when purchased. Total <br />cash was $127.0 million. Investments consist of U.S. <br />Treasury Securities and U.S. Government Agency <br />Securities. Other Market Rate Investments consist of the <br />Florida PRIME Fund, the Florida Trust Day to Day and Short <br />Term Bond Funds, and the Florida Cooperative Liquid <br />Assets Securities System. Investments totaled $230.6 <br />million and the weighted average maturity was 0.92 years. <br />U.S. Agencies $129,531,640 36.2% <br />Cash 127,030,941 35.5% <br />U.S. Treasuries 86,849,111 24.3% <br />Other Market Rate Investments 14,213,772 4.0% <br />Other Market Rate Investments, 4.0% <br />Cash and Investment Balances <br />(in millions as of September 30) <br />$357.6 <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 <br />IN <br />