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File #: 22-714   
Status: Agenda Ready
In control: FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT
On agenda: 5/10/2022 Final action:
Title: MOTION TO FILE Quarterly Investment Report as required by Section 218.415(15), Florida Statutes and Section 22.93 of the Broward County Administrative Code.
Attachments: 1. Exhibit 1 - Quarterly Investment Report
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Broward County Commission Regular Meeting                               

Director's Name:  George Tablack

Department:                       Finance and Administrative Services                     Division: Administration

 

Information

Requested Action

title

MOTION TO FILE Quarterly Investment Report as required by Section 218.415(15), Florida Statutes and Section 22.93 of the Broward County Administrative Code.

 

body

Why Action is Necessary

Periodic reporting to the local governing body is required by Section 218.415(15), Florida Statutes. Broward County Administrative Code, Section 22.93, requires that the reporting is done on a quarterly basis.

 

What Action Accomplishes

Notifies the Board of the status of Broward County’s investment portfolio.

 

Is this Action Goal Related

No

 

Previous Action Taken

None.

 

Summary Explanation/Background

THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT RECOMMENDS APPROVAL OF THE ABOVE MOTION.

 

This report advises the Board of the market value of the investment portfolio compared to the par value, as well as the comparative yield performance of the portfolio, for the quarter ended March 31, 2022.

 

Source of Additional Information

George Tablack, Chief Financial Officer, (954) 357-7130

 

Fiscal Impact

Fiscal Impact/Cost Summary

There is no fiscal impact.