Sarasota County, Florida Notes to Financial Statements September 30, 2024 Credit Risk The County’s investment policy limits credit risk by restricting the authorized investments to those illustrated in Note 1, Section D. The following table illustrates the credit quality distribution with credit exposure as a percentage of the County’s investment securities. Concentration of Credit Risk The County’s investment policy establishes limitations on portfolio composition, both by investment type and dealer, in order to control concentration of credit risk. The following maximum limits are guidelines established for diversification by instrument. The policy provides that no more than 25% of the entire portfolio may be placed with any one security dealer or bank. 102
RkJQdWJsaXNoZXIy MzM3Mjg=