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CASH AND INVESTMENTS <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 />CASH & INVESTMENTS <br />AMOUNT <br />PERCENTAGE OF <br />PORTFOLIO <br />U.S. Agencies <br />Cash <br />U.S. Treasuries <br />Other Market Rate Investments <br />$129,531,640 <br />127,030,941 <br />86, 849,111 <br />14,213,772 <br />36.2% <br />35.5% <br />24.3% <br />4.0% <br />$357,625,464 <br />100% <br />18 <br />