Agenda 04/24/2012 Item #16J5Proposed Agenda Changes
Board of County Commissioners Meeting
April 24, 2012
Move Item 16131 to Item 14131: Recommendation to provide "after- the - fact" approval of the submission of
the attached Community Development Block Grant (CDBG) Application to Collier County Housing and
Human Service Department seeking grant funding in the amount of $360,000 to support further
implementation of the services provided by the Immokalee Business Development Center (IBDC).
(Commissioner Henning's request)
Move Item 160 to Item 11E: Recommendation to approve a work order in the amount of
$648,324.35 to Haskins, Inc., for construction tasks set forth in Request for Quotation 08- 5011 -60,
Davis Boulevard from Santa Barbara Boulevard to Radio Road. (Commissioner Coyle's request)
Move Item 16J5 to Item 13A: Recommendation that the
Board accept the investment status update report for the
quarter ending March 31, 2012. (Commissioner Fiala's
request)
Add Item 16 .16: Recommend that the Board of County Commissioners serve as the local coordinating unit of
government for the Florida Department of Law Enforcement's Federal Fiscal Year 2012 Edward Byrne
Memorial, Justice Assistance Grant (JAG) Countywide Program and authorize the Chairman to execute the
Certification of Participation, designate the Sheriff as the official applicant, Sheriffs office staff as grant
financial and program managers, approve the grant application when completed, and authorize acceptance
of awards and associated budget amendments. (Sheriffs Department requires Board approval in order to
continue in the capacity of local coordinating agency receiving the Edward Byrne Memorial JAG grant
funding.)
Move Item 16K1 to Item 12A: Recommendation pursuant to Collier County Resolution No. 95 -632, that
the Board of County Commissioners authorize the Office of the County Attorney to represent Airport
Authority Executive Director Thomas C. Curry, and Airport Manager Thomas Vergo, who are all being sued
by Stephen J. Fletcher and Fletcher Flying Service, Inc., a tenant at the Immokalee Airport, in the case styled
Stephen J. Fletcher and Fletcher Flying Service, Inc. v. Thomas C. Curry and Thomas Vergo, Case No. 12-
1124-CA, Twentieth Judicial Circuit in and for Collier County, Florida. (Commissioner Hiller's request)
Move Item 16K2 to Item 12B: Request for authorization to join the Florida Association of Counties as a
plaintiff in litigation challenging the constitutionality of Chapter 2012 -33, Laws of Florida (HB 5301).
(Commissioner Fiala and Commissioner Henning's separate requests)
Time Certain Items:
4/24/2012 Item 16.J.5.
EXECUTIVE SUMMARY
Recommendation that the Board accept the investment status update report for the
quarter ending March 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 E_ xhibit 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.
Attached as an exhibit to this executive summary is the investment inventory as of the
end of the second quarter of fiscal 2012.
GROWTH MANAGEMENT IMPACT: None.
FISCAL IMPACT: None.
LEGAL CONSIDERATIONS: This item raises no legal issues and requires majority
vote for acceptance of the report. -JAK
RECOMMENDATION: That the Board of County Commissioners accepts the
investment update for the second quarter of FY -2012.
Prepared by: Derek M. Johnssen, General Accounting Manager,
Office of the Clerk of the Circuit Court
Packet Page -1209-
4/24/2012 Item 16.J.5.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.J.5.
Item Summary: Recommendation that the Board accept the investment status update
report for the quarter ending March 31, 2012.
Meeting Date: 4/24/2012
Prepared By
Name: JohnssenDerek
Title: VALUE MISSING
4/13/2012 9:06:40 AM
Submitted by
Title: VALUE MISSING
Name: JohnssenDerek
4/13/2012 9:06:42 AM
Approved By
Name: KinzelCrystal
Date: 4/13/2012 11:50:09 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 4/13/2012 1:11:15 PM
Name: GreenwaldRandy
Title: Management/Budget Analyst,Office of Management & B
Date: 4/13/2012 1:33:33 PM
Name: OchsLeo
Title: County Manager
Date: 4/14/2012 2:06:26 PM
Packet Page -1210-
4/24/2012 Item 16.J.5.
Coupon Maturity
Instrument CLISIP Rate Date Cost Position Cost Amortized Cost
$10,000,000.00 99.656 9,965,630.00
25,000,000.00 99.887 24,971,750.00
25,000,000.00 100.025 25,006,250.00
11,846,000.00 99.900 11,834,154.00
50,000,000.00 100.000 50,000,000.00
10,500,000.00 99.950 10,494,750.00
50,000,000.00 99.970 49,985,000.00
50,000,000.00 99.785 49,892,500.00
50,000,000.00 100.000 50,000,000.00
50,000,000.00 100.000 50,000,000.00
50,000,000.00 99.460 49,730,000.00
100.000_28,950,000.00
50,000,000.00 99.980 49,990,000.00
50,000,000.00 100.000 50,000,000.00
50,000,000.00 100.000 50,000,000.00
50,000,000.00 50,000,000.00
$611,296,000.00 610,820,034.00
US Treasury Note
912828MUl
1.001
3/31/20121
FNMA
31398AP71
1.25
6/22/20121
FNMA - Multi Step Cpn **
3136FM2Y9
1.001
7/28/2014,
FNMA - Multi Step Cpn **
3136FMV50
1.50
7/28/20151
FNMA - Multi Step Cpn **
3136FM3S1
1 1.63
8/12/2015
FHLB - Multi Step Cpn **
313370H84
1.00
8/25/2015
FNMA - One Step Cpn **
3136FPCGO
1.00,
9/1/2015
US Treasury Note
912828PW4
0.63
12/31/2012
FNMA - Multi Step Cpn **
3136FPX28
0.75
7/5/2013
FHLMC - Multi Step Cpn **
3134G1P73
0.63
1/7/2013
FNMA
3136FPGA9
1.00
9/20/20131
FHLB
313373BC5
1.00
4/19/20131
FHLMC - Multi Step Cpn **
3134G2GP1
0.50
11/12/2013'
FHLB
313373WVO
1.10
12/6/2013
FHLB
3133744C1
0.75
6/27/20131
Certificate of Deposit
TOTAL
BB &T
10/7/20111
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Collier County, Florida
Calculated Yield
Overnight Accounts - Fifth Third Bank - March, 2012
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BoCC Concentration a/c
BoCC Concentration a/c
BoCC LIBOR NOW a/c
j (Ledger Balances) (Available Balances) L (Available Balances)
3/1/2012 50,474,472.61 60,912,219.93
3/2/2012'1 21,606,677.12 85,912,219.93
_
3/3/20121 21,606,677.12 _ 85;912,219.93
3/4/2012 21,606,677.12 85,912,219.93
_
3/5/2012; 20,903,560.59 85,912,219.93
_
3/6/2012 111,809,085.31 85,912,219.93
3/7/2012 66,496,351.45 130,912,219.93
_
3/8/2012 67,355,089.96 130,912,219.93
3/9/20121 67,247,328.63 130,912,219.93
_
3/10/2012 67,247,328.63 130,912,219.93
3/11/2012! 67,247,328.63 130,912,219.93
3/12/20121 16,127,519.73 130,912,219.93
_
3/13/2012, 15,006,379.13 130,912,219.93
3/14/2012 16,180,193.68 130,912,219.93
3/15/2012 16,532,634.31 130,912,219.93
3/16/2012! 63,262,426.66 _ 130,912,219,93
3/17/20121 63,262,426.66 130,912,219.93
_
3/18/2012 63,262,426.66 130,912;219.93
3/19/2012' 65,592,444.75 _ 130,912,219.93
3/20/20121 23,492,855.32 _ 170,912,219.93
3/21/2012 23,416,610.95 170,912,219.93
_
3/22/20121, 27,191,535.53 170,912,219.93
3/23/2012, 26,134,091.32 170,912,219.93
3/24/2012'i 26,134,091.32 170,912,219.93
3/25/20121 26,134,091.32 _ 170,912,219.93
3/26/2012 26,486,447.80 170,912,219.93
3/27/2012 25,866,173.73 120,912,219.93
_
3/28/2012 25,903,082.42 70,912,219.93
_
3/29/20121 35,975,432.98 70,912,219.93
3/30/2012 23,288,245.87 60,942,077.90
3/31/20121 23,288,245.87 60,942,077.90
Totals 0.00 1,216,137,933.18 3,773,338,533.77
avg balance 0.00!
39,230,255.911,
121,720,597.861
interest posted 3/30 8,283.52 29,857.97
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yield 0.000211 0.000245 IMO LIBOR
annualized yield 0.002534 0.002944 plus 5bps
Packet Page -1214-
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0.291 31 -Mar
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