Agenda

Back to Calendar Return

Clerk & Comptroller's Report 8. 1.

BCC Regular Meeting

Consent

Meeting Date:	08/20/2013
Issue: Reports Prepared by the Clerk and Comptroller's Finance Department
From:	Doris Harris
Department:	Clerk & Comptroller's Office

Recommendation:

Recommendation Concerning Reports Prepared by the Clerk and Comptroller's Finance Department

That the Board accept, for filing with the Board's Minutes, the following Reports prepared by the Clerk and Comptroller's Finance Department:

A. Tourist Development Tax Collections Data for the June 2013 returns received in the month of July 2013; this is the tenth month of collections for Fiscal Year 2012-2013; total collected for the June 2013 returns was $1,261,638.79; this is a 7.97% increase over the June 2012 collections; total collections year-to-date are 7.45% higher than the comparable time frame in Fiscal Year 2011-2012; and

B. The Investment Report for the month ended July 31, 2013, as required by Ordinance Number 95-13.

Background:

Concerning the Investment Report:
The total portfolio earnings for the month of April equaled $131,107. The short term portfolio achieved an average yield of .16%. This yield should be compared to the benchmark of the Standard & Poor's Government Investment Pool 30 Day index yielding .03%. The core portfolio achieved an average Yield to Maturity at Cost of 1.09% and should be compared to the benchmark of the Merrill Lynch 1 - 5 Year Treasury Index yielding .231%.

Attachments
June 2013 TDT Collections Data
July 2013 Investment Report