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INDIAN RIVER COUNTY, FLORIDA
<br />NOTES TO FINANCIAL STATEMENTS - CONTINUED
<br />Year Ended September 30, 1991
<br />2. Cash and Investments - Continued:
<br />Investments - Florida Statutes, the Board of County Commissioners' Investment
<br />Policy, and various bond covenants authorize investments in certificates of deposit,
<br />money market accounts, savings accounts, repurchase agreements, the Local Government
<br />Surplus Funds Trust Fund administered by the Florida State Board of Administration,
<br />obligations of the U.S. Government, and government agencies unconditionally guaran-
<br />teed by the U.S. Government. Certificates of deposit, money market accounts and
<br />savings accounts and bank balances are reported as cash and cash equivalents
<br />above. The County invested in only these types of instruments during the fiscal
<br />year.
<br />The County's investments are categorized below to give an indication of the level of
<br />risk assumed at year end. Category 1, defined as insured or registered or for which
<br />the securities are held by the County or its agent in the County's name. Category
<br />2, defined as uninsured and unregistered, with securities held by the counterparty's
<br />trust department in the County's name.
<br />Schedule of Investments at September 30, 1991
<br />Repurchase Agreements
<br />U.S. Treasury Securities
<br />U.S. Government Agency
<br />Securities
<br />Local Government Surplus
<br />Funds Trust Fund
<br />Total Investments
<br />Category Carrying Market
<br />1 2 Amount Value
<br />$ - $ 1,000,000 $ 1,000,000 $ 1,000,000
<br />6,351,569 - 6,351,569 6,467,571
<br />28,546,123 28,546,123 28,724,140
<br />$34,897,692 S 1,000,000 35,897,692 36,191,711
<br />37,313,754 37,313,754
<br />173,211,446 173.505.465
<br />In addition to the cash and temporary cash investments listed above, employee
<br />deferred compensation plan (see Note 10) cash and temporary cash investments were
<br />$851,867, which are carried at market value. These investments are held separately
<br />from those of other County funds. As prescribed by the plan documents, the
<br />investment portfolios include investment obligations of the U.S. Government, mutual
<br />funds and money market accounts, and are held by the plan administrators but not in
<br />the County's name.
<br />8-24
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