Laserfiche WebLink
r <br />• f <br />(• <br />li <br />CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1997 <br />NOTE 2 - DEPOSITS AND LNVESTMENTS (CONTINUED) <br />The City’s investments are categorized below to give an indication of the level of custodial credit risk <br />assumed at year-end. Category 1 includes investments that are insured or registered or for which the <br />secunties arc held by the City or its agent in the City’s name. Category 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 are <br />held by the counterparty or by its trust department or agent but not in the City’s name. <br />Deposits and investment balances at December 31, 1997 are as follows: <br />Custodial Credit Risk Catecorv Carrying <br />Value <br />Market <br />Value123 <br />U.S. Government securities <br />State and local government securities <br />Commercial paper <br />$ 4,501,543 $ <br />285,000 <br />3.179.530 <br />- $414,906 <br />430.715 <br />$ 4,916,449 <br />285,000 <br />3.610.245 <br />$ 4,923,441 <br />287,246 <br />3.640.019 <br />8,850,706$ 7.966.073 S - S 845.621 8,811,694 <br />Investment pools - unclassified <br />Money market funds 204.731 204.731 <br />Total investments 9,016,425 $ 9.055.437 <br />Deposits <br />Cash on hand 413,957 <br />360 <br />Total deposits, investments, and cash on hand S 9.430.742 <br />Deposits, investments, and cash on hand are reported on the City’s combined balance sheet as follows: <br />Cash ani^ temporary investments <br />Cash and investments held by trustee $ 9,009,479 <br />____421.263 <br />Total cash and investments $__9,430,742 <br />-36- <br />* b* <br />.1 <br />I <br />J