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County reports $63 million earnings for FY25; commission accepts annual investment report

Brevard County Board of County Commissioners · January 28, 2026

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Summary

Brevard County's finance staff and investment advisor reported $63 million in earnings for fiscal year 2025 across short-term, long-term and multi-asset portfolios; the commission accepted the annual investment report and discussed policy constraints on speculative or targeted local investments.

Brevard County's finance director and the county's investment advisor presented the FY2025 Annual Investment Performance Report and the Board accepted the report.

Mark Peterson, representing the Clerk of the Circuit Court and Comptroller's County Finance Department, told commissioners the county earned $63,000,000 in FY25 (up from $50,000,000 the prior year) and explained how those earnings are allocated back to the multiple funds that hold cash balances. He described the county's portfolios as separated into short-term (cash for payroll and weekly obligations, approximately $420 million at year end, earning about 4.11%), long-term (1-3 year range, roughly $589 million earning about 4.47%), and a multi-asset-class (MAC) portfolio of about $148 million that returned about 12% due to equities exposure.

Presenters emphasized policy priorities: safety of principal, liquidity, and return, in that order. The county and advisor said they do not invest in speculative assets such as bitcoin and that they avoid companies on the state's scrutinized-company list; a commissioner asked whether investment policy could be used to prefer local economic development (for example, aerospace firms) and staff said statutory and policy constraints limit non-pecuniary selection and suggested further research would be required.

Commissioners thanked finance staff and PFM for the report and unanimously approved acceptance of the annual investment performance report.

The board did not authorize new investment policy changes at the meeting but asked staff to investigate questions about whether targeted local investments could be legally and practically incorporated into policy.