Resolution 2002-227
RESOLUTION NO. 2002 - 227
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RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY FLORIDA,
PROVIDING RECOGNITION OF SECTION 28.33, FLORIDA
STATUTES, AS OF MAY, 2002 AND STATING POLICY
RELATING TO INTEREST ACCRUING FROM MONEYS
DEPOSITED WITH THE CLERK OF THE CIRCUIT COURT.
WHEREAS, Section 28.33, Florida Statutes, as existing as of May, 2002 provides as follows:
28.33 Investment of county funds by the clerk of the circuit court.- The
clerk of the circuit court in each county shall invest county funds in excess of
those required to meet expenses as provided in s. 218.415. No clerk investing
such funds shall be liable for the loss of any interest when circumstances require
the withdrawal of funds placed in a time deposit and needed for immediate
payment of county obligations. Except for interest earned on moneys deposited
in the registry of the court, all interest accruing from moneys deposited shall be
deemed income of the office of the clerk of the circuit court investing such moneys
and shall be deposited in the same account as are other fees and commissions of
the clerk's office. The clerk may invest moneys deposited in the registry ofthe
court and shall retain as income of the office of the clerk and as a reasonable
investment management fee 10 percent of the interest accruing on those funds
with the balance of such interest being allocated in accordance with the interest
ofthe depositors.
AND WHEREAS, the Clerk of Courts shall invest county funds in excess of those
required to meet expenses as provided in Section 28.33, Florida Statutes, Section 218.415, Florida
Statutes, and any other applicable Florida statutes and retain any interest that may lawfully be deemed
as income of the Office of the Clerk of the Circuit Court, and return any excess interest earnings to the
Board of Collier County Commissioners,
NOW THEREFORE, BE IT RESOLVED AND RECOGNIZED BY THE BOARD OF
COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA that the Clerk of the Circuit
Court is authorized to invest county funds in excess of those needed to meet expenses as provided by
Section 28.33, Florida Statutes, and related statutes referenced hereabove, and return any excess
interest earnings to the Board of Collier County Commissioners.
This Resolution approved and duly executed this I y't: day of fY)flj ,2002.
BOARD OF COUNTY COMMISSIONERS
COLLIER CO Y, FL ill
.~. By:
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