Citrus County adopts modest changes to investment policy after FY2025 review

Clerk of the Court Tracy Perry presented Citrus County’s FY2025 investment summary and proposed modest changes to the county’s investment policy designed to improve diversification and operational flexibility. Perry said total recorded investments for FY2025 were $14,363,031 and realized gains for the year were $14,021,002.

Perry proposed raising allowable maturities by roughly half a year for several instrument classes and adjusting allocation limits for three investment avenues to allow staff flexibility in current market conditions. She noted the county’s policy already contained the sections required by Florida Statute 218.415 and recommended the board approve the updates.

Following brief questions from commissioners, the board voted to approve and adopt the updated investment policy.

What’s next: Finance staff will implement the revised policy and reflect the changes in annual reporting.