Agenda 02/12/2013 Item #16J42/12/2013 16.J.4.
EXECUTIVE SUMMARY
Recommendation that the Board accept the investment status update report for the
quarter ending December 31, 2012.
OBJECTIVE: To meet the investment status update requirement established by
interlocal agreement.
CONSIDERATIONS: On July 27, 2010 the Board of County Commissioners entered
into an interlocal agreement with the Clerk of Courts for the provision of constitutional
and statutorily required financial, accounting, investment, pre- auditing services and other
mutually agreed upon services. Under Exhibit A: Scope of Services the following is
listed:
Investment Management:
Manage the investment of Board funds in accordance with Florida Statute
and the Board of County Commissioners' lawful adopted investment policy using
best practices and financial advice. The Clerk will continue to provide a monthly
summary of investments on the Clerk's website for public access. Additionally,
the Clerk will provide an update as to the status of the Board's investment
portfolio on a quarterly basis or as necessary at a publicly noticed Board of
County Commissioners meeting.
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Attached as an exhibit to this executive summary is the investment inventory as of the
end of the first quarter of fiscal 2013.
GROWTH MANAGEMENT IMPACT: None.
FISCAL IMPACT: None.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney,
is legally sufficient, and requires majority support for Board approval. -JAK
RECOMMENDATION: That the Board of County Commissioners accepts the
investment update for the first quarter of FY -2013.
Prepared by: Derek M. Johnsen, General Accounting Manager,
Office of the Clerk of the Circuit Court
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2/12/2013 16.J.4.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.1611614.
Item Summary: Recommendation that the Board accept the investment status update
report for the quarter ending December 31, 2012.
Meeting Date: 2/12/2013
Prepared By
Name: JohnssenDerek
Title: Gen. Accnt Manager - Clerk of Courts
2/1/2013 11:01:34 AM
Submitted by
Title: Gen. Accnt Manager - Clerk of Courts
Name: JohnssenDerek
n 2/1/2013 11:01:36 AM
Approved By
Name: KinzelCrystal
Date: 2/5/2013 7:38:44 AM
Name: GreenwaldRandy
Title: Management/Budget Analyst,Office of Management & B
Date: 2/5/2013 8:13:02 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 2/6/2013 11:33:36 AM
Name: IsacksonMark
Title: Director -Corp Financial and Mgmt Svs,CMO
Date: 2/6/2013 12:04:23 PM
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Corp., $1
Collier County Portfolio Composition
As of December 31, 2012
Fair Market Value Federal Home Loan Bank,
$95,107,150.00. 13%
Total Fair Market Value (Investments Only)
$601,288,259.00
m Credit Bank,
t92.75, 11%
rtgage Assoc.,
$265,221,750.00, 36%
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Collier County Weighted Average Return
vs. Federal Funds Rate,1 Yr T -Bill, and SBA Yield
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