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N <br />TO: Board of County Commissioners <br />FROM: Elissa Nagy, Finance Director <br />THRU: Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller <br />DATE: February 21, 2020 <br />SUBJECT: Quarterly Investment Report for Quarter Ending 12/31/2019 <br />BACKGROUND <br />Attached to this memorandum is the composition of the investment portfolio and investment <br />earnings for the first quarter of this fiscal year. This report was reviewed by our investment <br />advisory committee on February 20, 2020. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners accept the attached Quarterly <br />Investment Report. <br />14 <br />