The Florida Legislature
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Office of Program Policy Analysis and Government Accountability

Performance Audit of the 1993-94 Investment Report of the State Board of Administration , Report No. 94-48, May 1995
 


  • The SBA has not developed policies for recognizing major reductions in Florida Retirement System Trust Fund assets.
  • The SBA has developed written guidelines for investing in futures and options, but it has not developed guidelines for investing in other types of derivatives. Further, it has not established a formal system for monitoring and reporting on the use of derivatives. Currently, the SBA is reviewing derivative investments made by its internal and external portfolio managers.


    Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
    e-mail address: oppaga@oppaga.fl.gov


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