RESOLUTION NO. 2025-04 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF JEFFERSON COUNTY FLORIDA, ADOPTING AN INVESTMENT POLICY FOR THE INVESTING OF EXCESS COUNTY FUNDS; PROVIDING CERTAIN FINDINGS; PROVIDING FOR REVIEW; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, The Board of County Commissioners of Jefferson County, Florida WHEREAS, the Clerk of Court has statutory authority to invest the county's funds in accordance with Florida Law, specifically Sections 218.415 and 125.01, Florida Statutes; and WHEREAS, the Clerk ofC Court seeks to establish an investment policy that will guide the investment of excess county funds in a manner that prioritizes safety, daily liquidity, and recognizes the importance of properly managing the county's excess funds; and investment income; and WHEREAS, the Clerk of Court would like to invest the county's excess funds in a local government investment pool, such as Florida Trust, Florida Class, or Florida Prime, as well as in interest-bearing accounts with qualified financial institutions; and WHEREAS, the goal of the investment policy is to ensure that investments are made - consistent with the following priorities: 1. Safety - Preservation of principal. 2. Daily Liquidity Ensuring that funds are available for use as needed. 3. Investment Income - Generating a reasonable return on investments. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY SECTION1 1. RECITALS. The above recitals are true and correct and are hereby COMMISSIONERS OF JEFFERSON COUNTY,FLORIDA, AS FOLLOWS: incorporated herein by reference. SECTION2. CREATION AND ADOPTION OF INVESTMENT POLICY. (A) The Board of County Commissioners hereby approves the Jefferson County Investment Policy, which is attached hereto as. Exhibit A and incorporated herein by reference. (B) The Clerk of Court, or designee, is authorized to invest the county's funds in SECTION 3. REVIEW AND ADJUSTMENT OF POLICY. The investment policy shall be reviewed periodically by the Board of County Commissioners, and any necessary adjustments or updates shall be made to ensure it continues to meet the county's financial accordance with the adopted Jefferson County Investment Policy. objectives. SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon its passage and adoption. PASSED AND ADOPTED, on this the 23d day of_ Jonuary 2025. COUNTY BOARD OF COMMISSIONERS OF JEFFERSON COUNTY,FLORIDA oyp ATTEST: ASby Cecil Téy"Higlower, Ex Officio Clerk/to the Board APPROVED ASTOFORM: Heather) Encinosa, Esq. County Attorney CE 2