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My Florida C F O
Weekly eNewsletter from Florida's Chief Financial Officer

Dear Fellow Floridians:CFO Atwater helps show items at the auction preview.

I am excited to report that this year’s Unclaimed Property Auction was a huge success! The auction, held at the Sawgrass Marriott last weekend, produced the highest-ever sales percentage above reserve at 338.62 percent - raising $1.09 million for Florida’s public schools.

More important than the success of the auction, is the attention that the Unclaimed Property program receives during the annual event. My hope is that the publicity from the auction will bring more Floridians to our Web site to search for their unclaimed property. We are holding more than $1 billion in unclaimed cash and property, and it is our goal to give back to Floridians what rightfully belongs to them.

 I want to thank those who participated in the auction as well as our staff who put in countless hours to make this year’s auction a success.

Jeff Atwater
Jeff Atwater
Chief Financial Officer
State of Florida

News of InterestCFO Atwater discussed the Auction of Unclaimed Property

 

Associated Press: Fla. gets $1M from unclaimed property auction

News 4 Jax: Auctioning Unclaimed Property In Jacksonville (Video)

Associated Press: Officials Urge Florida Drivers to Report Crash Scams

Orlando Sentinel: Time Warner will open 500-person office in Florida

Tallahassee Democrat: Update: Distinguished Leadership Awards honor community's finest

Local 10 News: UM Opens Life Science, Technology Park

St. Petersburg Times: GOP state senators choose Don Gaetz as their next leader

Tallahassee Democrat: Florida TaxWatch takes first swipe at state cost-cutting

Sunshine State News: Low-Income Students Gaining With Tax Credit Scholarships, Study Finds

Washington Post: Fed shifts makeup of bond holdings to drive down long-term rates, latest move to boost economy

Bond Refinancing Saves $187.8 Million Since January

The Division of Bond Finance, which CFO Atwater oversees as a member of the Cabinet, has refinanced 11 bonds this calendar year-to-date. This represents $1.54 billion in refundings of outstanding debt, which has resulted in gross debt savings to the state taxpayers of $187.8 million.

Refinancing outstanding debt to lower interest rates saves the state hundreds of millions of dollars, and is possible because of the state’s high credit ratings. This is just another example of how fiscal discipline helps keep money in the pockets of hardworking Floridians.

Financial Education for Families

Volunteer USA Foundation has expanded a financial education program which targets 3rd-5th grade students and their families, strengthening the connection between classroom and home learning. The Foundation is offering a program that provides a skilled trainer to guide a family-friendly math and money workshop at your school. The program provides free teaching materials to educators including  VolunteerUSA.orgdownloadable lesson plans, worksheets, classroom posters and more. The materials focus on four core math skills: addition, subtraction, multiplication and division. It is offered on first-come, first-served basis so make sure that your school signs up early.

Visit www.volunteerusafoundation.org  for more information and to sign up.