Laserfiche WebLink
...... <br />I <br />I <br />I <br />cmr OF ORONO, Minnesota <br />Notes to Financial Statements (continued) <br />Dc:emher 31, 1994 <br />NOTE 2 - DEPOSITS AND imTISTMENl S (CONTINUED) <br />The City’s investments are categorized below to give an indication of the level of custcxlial credit risk <br />assumed at year-end. Category 1 includes investments that are insured or registered or for which the <br />securities are held by the City or its agent in the City's name. Categor> 2 includes uninsured and <br />unregistered investments for which the securities are held by the counterparty's trust department or agent <br />in the City’s name. Category 3 includes uninsured and unregistered investments for which the securities <br />are held by the counterparty or by its trust department or agent but not in the City’s name. <br />[>eposits and investment balances at December 31, 1994 are as follows: <br />Custodial Credit Risk Category <br />1 <br />Carrying <br />Value <br />U.S. government securities S <br />State and Ux:al govemmeni securities <br />Certificates of deposit <br />4.47K.5S4 <br />SOO.tKK) <br />-S 2.550.897 <br />190.000 <br />S 4.978.584 S -S 2,740.897 7.719.481 <br />Ins’estment pools - unclassified <br />Money market funds <br />Held by deferred <br />compensation trustees <br />59.927 <br />616.f.lK) <br />Total investments <br />Deposits <br />Cash on hand <br />707.782 <br />360 <br />Total deposits, invest­ <br />ments. and cash on hand S 9.104.150 <br />Deposits, investments, and cash on hand arc reported on the City’s combined balance sheet as follows: <br />Cash and temporary investments <br />Cash and investments held by trustee <br />Restricted assets - cash and temporary investments <br />S 7.080.816 <br />616.6(H) <br />806,734 <br />Total cash and investments $ 9.104.1.50 <br />Market <br />Value <br />7.029.481 S 6.996.590 <br />500.000 503.020 <br />190.000 190.000 <br />7.689.610 <br />59.927 <br />616.600 <br />8,.396,008 S 8.366,137