2024-023 - Laserfiche WebLink

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The specific nature of the financial infformation, operating data, and of the type of events which trigger a disclosure obligation, and other details of the undertaking are described in "Appendix E Form of Continuing Disclosure Certificate" attached hereto. The Continuing Disclosure Certificate shall.be.executed by the. County prior to the issuance of the Series 2024 Bonds. These covenants have been made in order to assist the underwriters for the Series 2024 Bonds in complying with the continuing; disclosure requirements of the Rule. With respect to the Series 2024 Bonds, no party other than the County is obligated to provide, nor is expected. to provide, any continuing disclosure information with respect to the aforementioned Rule. Such annual financial reports are now properly linked to the appropriate CUSIPs. FINANCIAL STATEMENTS The financial statements. of the County as of and for the Fiscal . Year ended September 30, 2023, included in the County's Annual Comprehensive Financial Report (Fiscal Year Ended September 30, 2023) attached to this Official Statement as Appendix B, have been audited by Rehmann Robson, LLC, independent auditors, as stated in their report dated March 8, 2024, included in Appendix B.. The Annual Comprehensive Financial Report, including such financial statements and auditor's report, has been included in this Official Statement as a public document, and the consent of the. County's auditors: was not requested. The auditors have not performed any services related to and therefore are not associated with, the preparation of the Official Statement. INVESTMENT POLICY OF THE COUNTY Pursuant to the requirements of Section 218.415, Florida Statutes, as amended, the County adopted a written investment policy applicable to all cash and surplus funds of the County except debt proceeds and monetary assets held by other entities.. on behalf of the County. The objectives of the investment policy, listed in order of importance, are: (1) to preserve capital in the overall portfolio and to maintain the safety of principal; (2) to remain sufficiently liquid to meet disbursement requirements that might be reasonably anticipated; and (3) to manage the investment portfolio to provide a competitive return consistent with the objectives in items 1 and 2 and other risk limitations described in the investment policy. The investment policy notes that the highest priority of all investment activitim shall be the safety of principal and liquidity of funds. The. optimization of investment returns shall be secondary to the requirements for safety and liquidity. The. investment policy limits the securities eligible for inclusion in the County's investment portfolio. Derivatives, reverse repurchase agreements or similar forms of leverage are prohibited. Cryptocurrency purchases are also specifically prohibited. The investment policy provides that County investments shall be managed to maintain. liquidity for meeting the County's need for cash and to limit potential market risks. All investments 55