{"id":16531,"date":"2024-07-01T13:34:15","date_gmt":"2024-07-01T17:34:15","guid":{"rendered":"https:\/\/collierclerk.com\/?p=16531"},"modified":"2026-01-20T12:59:33","modified_gmt":"2026-01-20T17:59:33","slug":"eight-months-into-fy2024-collier-clerks-investment-program-generates-record-setting-49m","status":"publish","type":"post","link":"https:\/\/app.collierclerk.com\/collierclerkcom\/eight-months-into-fy2024-collier-clerks-investment-program-generates-record-setting-49m\/","title":{"rendered":"Eight months into FY2024, Collier Clerk\u2019s Investment Program Generates Record-setting $49M"},"content":{"rendered":"<p>Fiscal year 2024 will be another record-setting year for interest revenue in Collier County. As indicated in past articles one of the Collier County Clerk of the Circuit Court\u2019s many statutory responsibilities as Collier County Comptroller is the investment of county funds. Funds are invested by the Comptroller\u2019s Office pursuant to the provisions of the County\u2019s lawfully adopted investment policy. The policy prioritizes the safety of investment principal, while recognizing the importance of liquidity and yield.\u00a0<\/p>\n<p>Through May 31, 2024, the program has generated over $49M in cash that will help to offset the cost of various County programs. This amount already exceeds the amount collected over the twelve (12) months of fiscal year 2023, which was a record-setting year for interest revenue. With four (4) months remaining in the current fiscal year in which to add to the $49M, the bar will likely be set very high for the future.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-16532 aligncenter\" src=\"https:\/\/collierclerk.com\/wp-content\/uploads\/2-2-1.png\" alt=\"\" width=\"566\" height=\"297\" srcset=\"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/2-2-1.png 1200w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/2-2-1-300x158.png 300w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/2-2-1-1024x538.png 1024w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/2-2-1-150x79.png 150w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/2-2-1-768x403.png 768w\" sizes=\"auto, (max-width: 566px) 100vw, 566px\" \/><\/p>\n<p>The Clerk and Comptroller\u2019s investment program is run in house by Clerk\u2019s employees. The techniques used to formulate investment strategy include a close monitoring of the Federal Reserve Banks\u2019 actions and dialog, as well as acknowledging the role other commodities such as oil, gold and other precious metals play in the economic landscape. Heavy reliance is placed upon cashflow forecasts which allow for funds to be optimally invested.\u00a0 The cash forecast must account for both estimated receipts and disbursements of County funds. These forecasts are developed using the vast amount of historical data available and input from County staff. As noted above, all investment decisions are governed by the Board\u2019s adopted Investment Policy. Key provisions of the Investment Policy are as follows:<\/p>\n<ul>\n<li>100% may be invested in the United States Treasury<\/li>\n<li>100% may be held at a Qualified Public Depository Bank<\/li>\n<li>Up to 80% may be invested in United States Agencies<\/li>\n<li>Maximum maturity is five (5) years<\/li>\n<li>No investment in equities, commodities, currencies and hard assets<\/li>\n<\/ul>\n<p>Current investments held include United States Treasury holdings, various Federal agencies such as the Federal Home Loan Bank and Federal Farm Credit Bank, as well as corporate notes and local government investment pools.\u00a0 Collier County\u2019s depository bank, First Foundation Bank, offers a 100% collateralized investment account indexed to the Florida State Board of Administration\u2019s Florida PRIME pool rate.\u00a0 Collier County\u2019s available bank balances earn interest at a contracted rate of 95% of the monthly Federal Funds Effective Rate.\u00a0 All bank deposits are 100% collateralized pursuant to Florida Statutes, Chapter 280, titled \u201cSecurity for Public Deposits\u201d. For more information on the investment of Collier County funds, including the Investment Policy, please visit our website at <a href=\"http:\/\/www.collierclerk.com\">www.collierclerk.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal year 2024 will be another record-setting year for interest revenue in Collier County. As indicated in past articles one &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Eight months into FY2024, Collier Clerk\u2019s Investment Program Generates Record-setting $49M\" class=\"read-more button\" href=\"https:\/\/app.collierclerk.com\/collierclerkcom\/eight-months-into-fy2024-collier-clerks-investment-program-generates-record-setting-49m\/#more-16531\" aria-label=\"Read more about Eight months into FY2024, Collier Clerk\u2019s Investment Program Generates Record-setting $49M\">Read more<\/a><\/p>\n","protected":false},"author":19,"featured_media":16532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1163,470,1164,1166,1165],"class_list":["post-16531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-announcements","tag-collier-clerks-investment-program","tag-fiscal-year-2024","tag-interest-revenue","tag-investment-policy","tag-investment-program","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-25","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/16531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/comments?post=16531"}],"version-history":[{"count":2,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/16531\/revisions"}],"predecessor-version":[{"id":16546,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/16531\/revisions\/16546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/media\/16532"}],"wp:attachment":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/media?parent=16531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/categories?post=16531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/tags?post=16531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}