Distrito Escolar del - Osceola County School District

Credit Risk
‣ The District’s investment policy allows for investments in certificates of deposit, time deposits,
securities of the United States Government, other forms of authorized investments described in the
Florida Statutes, and money market funds that are rated “AAAf”, “AAm” or “AAm-G” or better by
Standard & Poor’s, or the equivalent by another rating agency.
‣ The District’s investments in SBA Debt Service accounts are to provide for debt service payments on
bond debt issued by the State Board of Education for the benefit of the District. The District relies
on policies developed by SBA for managing interest rate risk and credit risk for this account.
‣ As of June 30, 2012, the District’s investments in Florida PRIME and the Florida Education
Investment Trust Fund are rated “AAAm” by Standard & Poor’s. All other rated investments were
rated AA+ by Standard & Poor’s. Fund B is unrated.
Concentration of Credit Risk
‣ The District’s investment policy limits the amounts the District may invest in any one issuer. This
policy is in effect for funds related to the issuance of debt where there are other existing policies or
indentures in effect for such funds.
4. RECEIVABLES
The majority of receivables are due from other agencies. These receivables and the remaining accounts
receivable are considered to be fully collectible. As such, no allowance for uncollectible accounts receivable
is accrued.
The rest of this page intentionally left blank.
223