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JEFFREY R. SMITH, CPA, CGFO, CGMA <br />Clerk of Circuit Court & Comptroller <br />Finance Department <br />1801 27th Street <br />Vero Beach, FL 32960 <br />Telephone: (772) 226-1570 <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: December 3, 2021 <br />SUBJECT: Addition to Cash and Surplus Investment Policy <br />J`46COUNtyC • <br />O <br />aA <br />� <br />i <br />1R�n.ea ►r <br />BACKGROUND <br />During the Investment Advisory Committee meeting on December 2, 2021, a minor addition was <br />recommended to the Cash and Surplus Funds Investment Policy. <br />In Section V, Portfolio Investments, under subsection "Prohibited Investments" (Item #9), the following <br />sentence has been added: Cryptocurrency purchases of any kind are prohibited. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners accept the Cash and Surplus Investment Policy <br />change. Attached is a complete policy with the recommended addition. <br />s <br />