Subject:
Title
Annual Investment Performance Report Year Ended September 30, 2024, County Finance Department
End
Fiscal Impact:
Dept/Office:
County Finance Department
Requested Action:
Recommendation
It is requested that the Board of County Commissioners accept the Brevard County Annual Investment Performance Report, for the Year-Ended September 30, 2024.
End
Summary Explanation and Background:
The County’s Investment Advisor, PFM Asset Management, LLC (PFM), has prepared the Annual Investment Performance Report for year-ended September 30, 2024 as required by Brevard County Investment Policy No. BCC-49. Brevard County Investment Policy No. BCC-49 designates responsibility to the Brevard County Investment Committee, authorized by the County Commission, for providing oversight of the County’s investment program.
This report complies with the Board’s Investment Policy which is to foremost safeguard the County’s funds, insure the availability of operating and capital funds when needed and then an investment return competitive with comparable funds and financial market indices. The report reflects the investment activity of the County as a whole and compares the performance with the prior year and established benchmarks. This report does not address the financial condition of the various individual County funds.
The Investment Committee approved the attached Investment Report.
County Investment Advisor:
PFM Asset management, LLC; Richard Pengelly; (407) 406-5766;email pengellyr@pfmam.com
Clerk to the Board Instructions: