ACFR FY 2023 Final - Flipbook - Page 85
FINANCIAL SECTION
City of Eustis, Florida
NOTES TO FINANCIAL STATEMENTS
Note 5 - Cash, Cash Equivalents, and Investments (Continued)
Investments
The City9s investment policy states that it may invest surplus public funds in any authorized instruments provided in Florida Statutes 218ÿ415(16)ÿ Authorized investments include the following:
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The Local Government Surplus Funds Trust Fund or any intergovernmental investment pool
authorized under the Florida Interlocal Cooperation Act, as provided in Section 163ÿ01ÿ
Securities and Exchange Commission registered money market funds with the highest credit
quality rating from a nationally recognized rating agencyÿ
Interest-bearing time deposits or savings accounts in qualioed public depositories, as deoned
in Section 280ÿ02ÿ
Direct obligations of the UÿSÿ Treasuryÿ
Federal agencies and instrumentalitiesÿ
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Annual Comprehensive Financial Report | September 30, 2023
85
