Orlando Business Journal
ORLANDO, Fla., May 25, 2004 — The public utility serving Kissimmee and other parts of Central Florida has received a certification from the Association of Public Treasurers of the United States & Canada for its written investment policy.
The honor comes after KUA developed a written policy for investing public funds with maximum security and the best return while meeting the daily cash flow demands of its operations.
The policy conforms to all state and local statutes governing the investment of public funds.
The certification amounts to an acknowledgment that the utility follows best industry practices regarding investing, says KUA Treasury Manager Larry Webb.
Since 1990, more than 300 governments and agencies have received the Association of Public Treasurers certification.
KUA provides electric, water and telecommunication services to 170,000 residents in five Central Florida counties.