10/2020 11/2020 12/2020 01/2021 02/2021 03/2021 04/2021 05/2021 06/2021 07/2021 08/2021 09/2021 INVESTMENTS Sarasota County’s Investment Policy was established by ordinance in 1989, and amended as recently as 2018. The Clerk and Comptroller, serving as Treasurer, invests the County’s money in accordance with the written investment policy. The Investment Policy stresses safety of capital as the highest priority. To ensure the safety and protection of the public’s assets, the weighted average duration of principal return shall be less than two years. The portfolio consists of securities that strive to maximize the return on investments by actively managing and diversifying into both callable and non-callable securities. The portfolio is structured to provide liquidity to pay current obligations. Sarasota County’s Investment Policy and Monthly Investment Summary Reports can be found on the Clerk and Comptroller’s website SarasotaClerk.com. The Clerk and Comptroller monitors and diversifes the portfolio to safely generate the highest yields possible. Sarasota County’s total average portfolio balance for fscal year 2021 was $1.2 billion. During fscal year 2021, the portfolio generated $8.7 million in interest income. The following graph is a breakdown of the portfolio by types of investments as of September 30, 2021. Treasuries 19.4% Cash 9.7% Fixed MBS 11.3% LGIP 15.1% Agencies 36.8% Float MBS 7.7% PORTFOLIO COMPOSITION SARASOTA COUNTY PORTFOLIO COMPARED TO BENCHMARK In fscal year 2021, the County portfolio, under the direction of the Clerk and Comptroller, maintained a weighted average yield of 0.46%. The following graph illustrates the County’s monthly portfolio yield in comparison to the 2 year U.S. Treasury during fscal year 2021. 0.8% .72% 0.7 .67% 0.6 .58% 0.5 .49% .48% 0.4 0.3 0.2 0.1 .15% .40% .15% .32% .12% .28% .11% .13% .40% .16% .16% .14% .40% .25% .36% .18% .39% .21% .28% 0.0 Portfolio Yield 24 Month Average Impact Report 2021 23
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