FLGIT

FLGIT Investment Returns

As of September 30, 2008 the FLGIT managed $436,072,353.04 for 30 local governmental entities. At a price per share of $21.7192 the FLGIT has produced a 12-month total return of 2.730% and a market yield of 3.80%.

The FLGIT invests in U.S. Treasuries and Agency Securities, Mortgages, Commercial Paper, Asset-Backed Securities, and “A” rated Corporate Securities.

The FLGIT has as its benchmark the Merrill-Lynch 1 to 3 Treasury, which had a 12 month total return of 6.19%.

The FLGIT has maintained its objective of investing in securities that yield a maximum return while preserving capital and liquidity since the program's inception in January 1992.

Market Information

FLGIT Participating County Map

FLGIT Portfolio Objectives and Guidelines

FLGIT Performance and Strategy

Monthly Reports

General Information Menu

INVESTMENT TRUST

INVESTMENT GUIDELINES

TRUST HIGHLIGHTS

WHO SHOULD INVEST

ORGANIZATIONAL CHART

BOARD of TRUSTEES

INFORMATION REQUEST

INVESTMENT LINKS

INVESTMENT TRUST

The Florida Local Government Investment Trust (FLGIT) is a local government investment pool developed through the joint efforts of the Florida Association of Court Clerks (FACC) and the Florida Association of Counties (FAC). Organized on December 12, 1991, the Trust is designed to compliment existing investment programs by providing an investment vehicle for funds that can be invested on a short to intermediate term in securities with maturities and returns generally greater than those of money market instruments. The Trust is an open ended, professionally managed fund available only to public entities in Florida.

INVESTMENT GUIDELINES

MAXIMIZE TOTAL RETURN

With larger amounts of money to invest, the Trust can purchase securities in larger denominations, thereby reducing transaction costs and improving yield. Larger investment pools will also permit the selection of a variety of securities maturing at various times, which provides diversity and can enhance total return.

SAFETY OF PRINCIPAL

To minimize credit risk, Trust investments are confined to those of the highest credit quality: Treasuries, agency securities and instrumentalities and other securities collateralized with Treasury/agency securities.

LIQUIDITY

Trust investments are limited to securities having a a maximum effective maturity of five years from the date of purchase. Because of their relatively short maturities, high quality and minimal price fluctuations, ready markets exist for liquidating all securities in which the Trust invests.

NO BORROWING

The Trust does not borrow money or incur indebtedness, except that it may incur and pay operating expenses.

NO LENDING

The Trust does not lend its money, except to the extent that the Trust makes authorized investments.

REPURCHASE AGREEMENT

Repurchase agreements are fully collateralized by obligations of the United States or its agencies or instrumentalities at 102% of market value.

ADVISOR EXPERIENCE

The Trust is required to select an experienced investment advisor specializing in the low volatility, fixed income market.

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TRUST HIGHLIGHTS

First Local Government Investment Pool in Florida to receive a Standard & Poor's Rating
Issued IRS's Private Letter Ruling for Tax-exempt Status
Online Information System
High Credit Quality
No Derivatives
Active Management Investment Approach
Marked to Market
Opportunity to Purchase Broad Segment of Market

WHO SHOULD INVEST

The Trust is available only to local governments within the State of Florida. The term "local government" means any county, municipality, public utility, or other political subdivision of the State, or any department, agency, or instrumentality thereof, or any political or public corporation thereof, existing as a local government entity under the Constitution and laws of the State, which is authorized to invest in the Trust.

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ORGANIZATIONAL CHART

The Florida Local Government Investment Trust is governed by a six member Board of Trustees, appointed equally by the Florida Association of Court Clerks and Florida Association of Counties. The Board consists of 2 Clerks of Circuit Court, 1 County Comptroller and 3 County Commissioners. The following is an illustration of the organizational structure of the FLGIT.

FLGIT flow chart

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BOARD of TRUSTEES

Hon. Jane W. von Hahmann	Chairperson	County Commissioner Manatee County
Jeff Barton	Vice-Chairperson	Clerk of Court Indian River County
Doug Coward	Secretary	County Commissioner St. Lucie County
Richard Weiss	Trustee	Clerk of Court Polk County
Karen Nicolai	Trustee	Clerk of Court Hernando County
TBA	Trustee