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Clerk & Comptroller's Report 10. 1.

BCC Regular Meeting

Consent

Meeting Date:	09/16/2013
Issue: Acceptance of Reports
From:	Doris Harris
Department:	Clerk & Comptroller's Office

Recommendation:

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

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

A. Tourist Development Tax Collections Data for the July 2013 returns received in the month of August 2013; this is the eleventh month of collections for Fiscal Year 2012-2013; total collected for the July 2013 returns was $1,362,347.87; this is a 9.82% increase over the July 2012 returns; total collections year to date are 7.91% higher than the comparable time frame in Fiscal Year 2011- 2012; and

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

Background:

Regarding the August 2013 Investment Report:

The total portfolio earnings for the month of August equaled $143,341. The short term portfolio achieved an average yield of .14%. 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 1.07% and should be compared to the benchmark of the Merrill Lynch 1-5 Year Treasury Index yielding -0.280%. All investments included in the County's portfolio are in compliance with the County's Investment Policy.

Attachments
July 2013 TDT Collections Data
August 2013 Investment Report