Bradenton, Fla. (November 2, 2023) – The Office of Angelina “Angel” Colonneso, Clerk of the Circuit Court & Comptroller, announces a $70.9 million increase in the County’s Investment Portfolio—the largest increase in investment revenue since 2019.
This significant return on investment is attributed to the Clerk’s staff in conjunction with the Clerk’s investment advisors through diversifying the portfolio and a strong market yielding much higher interest rates than seen since the pandemic.
The Clerk, as Comptroller to the Board of County Commissioners, invests in the market Board and other funds that are not yet slated to be spent, to preserve the principle, maintain liquidity, and maximize returns to ensure financial stability for our community’s future needs.
“$71 million is going back to the taxpayers in the form of additional revenue to be used by the County to fund important projects and services,” said Angel Colonneso, Clerk of the Circuit Court & Comptroller for Manatee County.
The money is invested according to Florida Statute and Manatee County’s Investment Policy, with the oversight of the Clerk’s investment advisor.
As part of the Clerk’s mission to protect the public trust through integrity and transparency, monthly investment reports produced by the Clerk’s investment advisors are uploaded to the Clerk’s website every month. These reports provide a snapshot of market conditions and portfolio status.
Additionally, the Clerk proposed to the Board of County Commissioners to establish an investment policy advisory board to communicate routine policy updates.
For more information about the County’s financial health, visit the Clerk’s website at <a href=”https://www.manateeclerk.com/”www.ManateeClerk.com.
About the Clerk’s Office
The Clerk of Circuit Court was established as a public trustee by the Florida Constitution in 1838. The Clerk of the Circuit Court serves as the Clerk of Courts, the Clerk of the Board of County Commissioners, Auditor, Recorder, and Custodian of all County Funds. In Manatee County, the Clerk’s office also administers a local child support enforcement program, violence protection advocacy program, Manatee Teen Court, and the preservation of historical resources through its historical resources department. Located at 1115 Manatee Avenue West in downtown Bradenton, the Courthouse is open Monday-Friday from 8:30 a.m. until 4:30 p.m. Please be sure to visit our website at <a href=”https://www.manateeclerk.com/”www.ManateeClerk.com and sign up for our electronic newsletter.