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Ryan L. Butler <br />Clerk of Circuit Court & Comptroller <br />1801 27+', Street <br />Vero Beach, FL 32960 <br />Telephone: (772) 226-3100 <br />Indian River County Investment Advisory Committee <br />Quarterly Investment Report <br />January 1, 2025 through March 31, 2025 <br />INVESTMENT POLICY <br />In accordance with Section 218.415, Florida Statutes, the Board of County Commissioners adopted <br />an Investment Policy to govern the investment of county funds by the Clerk of the Circuit Court & <br />Comptroller. The Policy states the primary objectives of investment activities are to preserve capital <br />and to provide sufficient liquidity to meet the cash flow needs of the county. Investment returns are <br />secondary to the requirements for safety and liquidity. <br />INVESTMENT ADVISORY COMMITTEE <br />An Investment Advisory Committee meets quarterly to review the previous quarter's investment <br />activities, evaluate current and future liquidity needs, and recommend investment strategies. The <br />Committee consists of the County Administrator, or his designee, and a minimum of two qualified <br />citizens with investment or financial management expertise. The current investment committee <br />members are: <br />Kristin Daniels <br />County Budget Director (County Administrator's Designee) <br />David W. Griffis <br />Founding Principal, Vero Beach Global Advisors <br />Ted Libby <br />Senior Portfolio Manager, Cypress Capital Group <br />Bill Penney <br />President & CEO, Marine Bank and Trust Company <br />Also present at the meetings are the Clerk of the Circuit Court & Comptroller, Chief Deputy <br />Comptroller, Assistant Chief Deputy Comptroller, Internal Audit Director and Senior Accountant. <br />QUARTERLY OVERVIEW <br />Portfolio Statistics- Current <br />and Previous Four Quarters <br />3 3ij 6/30/2024 <br />9/30/2024 12/31/2024 <br />3/31/2025 <br />Total Portfolio - Book Value <br />$588,110,295 $563,669,560 <br />$549,487,156 $678,669,657 <br />$654,841,023 <br />Securities weighted average" <br />` <br />�17a° <br />maturity (WAM) <br />1.36 years <br />Investment Income <br />$6,236,719 $6,406,470 <br />$6,619,832 $6,776,459: <br />$7 066,442 <br />Overall Average Yield <br />94 <br />