Agenda Item Name:
Title
FY2020 Alachua BOCC Investment Report
End
Presenter:
N/A
Description:
Request Approval of the FY2020 Alachua BOCC Investment Report
Recommended Action:
Recommended Action
Accept the FY2020 Alachua BOCC Investment Report
Prior Board Motions:
Fiscal Consideration:
Fiscal Consideration
None
Background:
The County's Investment Policy and Florida Statutes 218.415 require that Income and Investment balances be reported to the Board of County Commissioners. Attached is the FY2020 Alachua BOCC Investment Report. Generally Accepted Accounting Principals (GAAP) require governments to record certain investments at fair value. The attached FY2020 Alachua BOCC Investment Report records all investments at fair value. The changes in fair value for the fiscal year are reported along with the interest earned