Financial Services Programs
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The FMIvT 2007 Audit is now available.
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The following programs have been tailored to meet the needs of local governments:
Investments--The Florida Municipal Investment Trust (FMIvT) is a local government investment pool. The FMIvT offers five (5) fixed income portfolios and five (5) equity portfolios to choose from.
Retirement--The Florida Municipal Pension Trust Fund (FMPTF) provides a low-cost, worry free retirement plan administration. The League administers: defined benefit, Chapter 175 & 185 plans, defined contribution (401) and deferred compensation (457) plans.
OPEB--The Florida Municipal Pension Trust Fund announces the creation of its NEW Other Post Employment Benefits (OPEB) Trust. The FMPTF has put together a complete administrative program that will take the guesswork out of setting up your municipality’s OPEB trust. Whether you choose to fund your OPEB liability over a number of years, or to fund the entire liability up front, the FMPTF’s administrative program will provide a low cost, worry free approach to administering your trust.
Bond Pool--The Florida Municipal Loan Council (FMLC) is a fixed rate loan pool program for cities to use for capital improvements, renovations, fixed asset additions or refinancing of existing debt. The minimum loan size is $1 million with terms of repayment up to 30 years.
Commercial Paper--Commercial paper borrowing has been used by some larger local governments but may not have been an alternative for many issuers because of the large initial amount required to achieve economies of scale. Through pooling the needs of many entities, the FMLC makes commercial paper feasible for both small and large governments. The Commercial Paper Program provides an alternative to the traditional fixed-rate debt for both short-term needs and possibly for diversification of the long-term debt portfolio.
Revenue Enhancement Training--Training and technical information is available. This program is "customized" specifically to the needs of each city and its officials.
To find out more information on each of these programs, click on the left of this screen.
Our Mission Statement: Utilizing economies of scale to provide local governments in Florida innovative and comprehensive financial solutions while remaining competitive for large governments.
For more information contact Jeannie Garner, Director of Financial Services at 850.701.3623 or Email.
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