Manatee Clerk generates the highest return on County investments since the pandemic

The Office of Angelina “Angel” Colonneso, Clerk of the Circuit Court & Comptroller, announces a $70.9 million increase in the County’s Investment Portfolio—the largest increase in investment revenue since 2019.

This significant return on investment is attributed to the Clerk’s staff in conjunction with the Clerk’s investment advisors through diversifying the portfolio and a strong market yielding much higher interest rates than seen since the pandemic.

The Clerk, as Comptroller to the Board of County Commissioners, invests in the market Board and other funds that are not yet slated to be spent, to preserve the principle, maintain liquidity, and maximize returns to ensure financial stability for our community’s future needs.

“$71 million is going back to the taxpayers in the form of additional revenue to be used by the County to fund important projects and services,” said Angel Colonneso, Clerk of the Circuit Court & Comptroller for Manatee County.

The money is invested according to Florida Statute and Manatee County’s Investment Policy, with the oversight of the Clerk’s investment advisor.

As part of the Clerk’s mission to protect the public trust through integrity and transparency, monthly investment reports produced by the Clerk’s investment advisors are uploaded to the Clerk’s website every month. These reports provide a snapshot of market conditions and portfolio status.

Additionally, the Clerk proposed to the Board of County Commissioners to establish an investment policy advisory board to communicate routine policy updates.

Published: November 2, 2023

 

For more information about the County’s financial health, visit the Clerk’s website at www.ManateeClerk.com.