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I <br />I <br />I <br />r <br />r <br />r <br />r <br />r <br />r <br />r <br />I <br />I <br />I <br />I <br />i <br />r <br />I <br />t <br />CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31,1998 <br />NOTE 2 - DEPOSITS AND INVESTMENTS (CONTINUED) <br />Deposits and investment balances at December 31,1998 are as follows: <br />Custodial Credit Risk Category Carrying Fair <br />1 2 3 Value Value <br />U.S. Government securities S <br />Commercial paper <br />8,814,128 S • S <br />2.056.832 <br />- $8,814,128 <br />2.056.832 <br />$ 8,814.245 <br />2.058.540 <br />s 10.870.960 S - S -10.870.960 10,872,785 <br />Investment pools - unclassified <br />Money market funds 52.373 52.373 <br />Total investments 10,923,333 S 10.925.158 <br />Deposits <br />Cash on hand <br />1,341,094 <br />360 <br />Total deposits, investments, and cash on hand S 12.264.787 <br />Deposits, investments, and cash on hand are reported on the City’s combined balance sheet as follows: <br />Cash and temporary investments <br />Cash and investments held by trustee <br />s 9.483.239 <br />2.781.548 <br />Total cash and investments s 12.264.787 <br />NOTE 3 - PROPERTY, PLANT, AND EQUIPMENT <br />A. Changes in General Fixed Assets <br />Balance <br />Beginning <br />of Year Additions Deletions <br />Balance <br />End <br />of Year <br />Land and improvements $ 1,745,043 $ 33,578 $$ 1,778,621 <br />Buildings and improvements 3,203,231 20,734 -3,223,965 <br />Equipment 1.696.847 157.798 56,211 1.798.434 <br />$ 6,645,121 $ 212,110 $ 56,211 $ 6,801,020 <br />-36- <br />1