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Agenda 04/12/2011 Item #16J4 4/12/2011 Item 16.J.4. EXECUTIVE SUMMARY Recommendation that the Board accept the investment status update report for the quarters ending December 31, 2010 and March 31, 2011. OBJECTIVE: To meet the investment status update requirement established by the 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. Attached as an exhibit to this executive summary are the investment inventories as of the end of the first two quarters, December 3]. 2010 and March 31, 2011. respectively, GROWTH MANAGEMENT IMPACT: None. FISCAL IMP ACT: None. LEGAL CONSIDERATIONS: This item raises no legal issues and requires majority support for Board approval. -.1AK RECOMMENDA TION: That the Board of County Commissioners accepts the investment updates for the first and sccond quarters of FY-2011. Prepared by: Derek M, .1ohnssen, General Accounting Manager, Office of the Clerk of the Circuit Com1 - Packet Page -2449- 4/12/2011 Item 16.J.4. COLLIER COUNTY Board of County Commissioners Item Number: 16,J.4, Item Summary: Recommendation that the Board accept the investment status update report for the quarters ending December 31, 2010 and March 31, 2011. Meeting Date: 4/12/2011 Prepared By Name; JohnssenDerek Title; VALUE MISSING 4/4/2011 1 ;34;41 PM Submitted by Title; VALUE MISSING Name; JohnssenDerek 4/4/2011 1 ;34:42 PM Approved By Name; KinzelCrystal Date; 4/5/2011 11 ;06:43 AM Name; KlatzkowJeff Title; County Attorney, Date; 4/5/201] 11 ;51 ;39 AM Name; GreenwaldRandy Title; Management/Budget Analyst,Oftice of Management & B Date; 4/5/2011 11 :55;27 AM Name; 1sacksonMark Title; Director-Corp Financial and Mgmt Svs,CMO Date; 4/5/2011 ] ;23:4 7 PM Packet Page -2450- ~ )a:1l Ill" "'''0 a:~~Oi 1: "; ~ >= 8:!: ~ .. ~ ." ~~ o ~ - ~ g] E a:: t:l-..c:::l o ~ ~ g8~~ u Q c o . ~~ o ro o ~ u u ~i~ 08.11: . .~ 11 <oJ ~ .:E .~ n; tlOm.....:E "c;>- ,g~ ;< " u <( ] II> 'E -fom.s.s "w>- III ;< " .~ ni - :! ~ ~ ~ " . ~ ~ ~ ; "t:iil o ~ E~ <( 0 u . ~ ~ ~ ..c~ni ;; > ~ ~I 3 ~I !! I .' ~, III oi U::'iij: U! ! ~ -5 ~i :;: 0' ~ .2 ~ o ~ ~ . ~ . 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