Treasury Management

The Clerk, as Comptroller to the Board of County Commissioners invests the Board’s funds that are in excess to its daily operating needs, as an investment portfolio. During fiscal year 2022, the County’s investment portfolio ranged from $1.185 to $1.545 billion. Although most of this money is obligated to various projects, it is invested to provide interest income that is budgeted as a revenue source.

The County’s Investment portfolio consists of portfolio holdings that provide strong protection against losses from credit defaults. These same holdings possess an extremely low sensitivity to changing market conditions, and a level of risk that is less than or equal to that of a portfolio comprised of the highest quality fixed-income instruments with an average maturity of one year or less.

The Treasury Management staff of Finance invests this money according to Florida Statute and the Manatee County Investment Policy, authorized by county ordinance. The primary goal of this investment policy is to assure safety of principal, liquidity and then yield. This conservative approach provides for investments with minimal risk of loss and that funds are available as needed, while balancing yields against higher risks. Treasury Management invests frequently, diversifying the portfolio to manage quality, concentrations by a single issuer, liquidity, length to maturity and interest yields.

Treasury Management provides to the Board a monthly informational summary, that reports for each month end: the assets in the portfolio, 2-year comparative investment balances, fiscal year to date yield, monthly purchases and maturities, maturity distribution and other market data that is pertinent for the month. Treasury Management staff also take an active role in the monitoring of the county’s daily banking activity. This includes a detailed analysis of the daily deposits, disbursements and other transactions.