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<br />CITY OF ARDEN HILLS, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2003 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS AND ACCOUNTS - CONTINUED <br /> <br />At year end, the City's investment balances were as follows: <br /> <br />Catc20ry <br />J_ <br /> <br />Carrying <br />Amount! <br />Fair Value <br /> <br />3 <br /> <br />U. S. Government Securities <br /> <br />$ 5 548 911 $ <br /> <br />-- $ <br /> <br />$ 5,548,931 <br /> <br />Investments not subjected to categorization: <br />Broker money market funds <br />Minnesota Municipal Money Market Fund <br /> <br />31,416 <br />1.545.320 <br /> <br />Total investments <br /> <br />$ 7 125 667 <br /> <br />A reconciliation of cash and temporary investments as shown on the Combined Balance Sheet for the City <br />follows: <br /> <br />Deposits <br />Investments <br /> <br />$ 6,766,972 <br />7.125.667 <br /> <br />$ 13 892 639 <br /> <br />Total cash and temporary investments <br /> <br />B~ Due From Other Governments <br /> <br />The amount due from other governments at December 31, 2003 is as follows: <br /> <br />Local <br />State <br /> <br /> Capital <br /> General Proiects Total <br />$ 55,162 $ $ 55,162 <br /> 37.358 37.358 <br />L_J,5,162 ~11 358 $ n 520 <br /> <br />Total <br /> <br />C. Fixed Assets <br /> <br />A surrunary of changes in general fixed assets for the year ended December 31, 2003 is as foHows: <br /> <br /> Balance Balance <br /> Januarv 1 Additions Disoosals. December 31 <br />Land $ 2,309,549 $ $ $ 2,309,549 <br />Buildings and structures 3,727,060 3,002,149 6,729,209 <br />Furniture, fixtures and office equipment 525,702 525,702 <br />Machinery and equipment 1,354,766 137,466 1,492,232 <br />Other improvements 14.999953 8.084 15.008.037 <br />Total $ 22 917 030 L3,147,621 $ V6 Q64,122 <br /> <br />-18- <br /> <br />. <br /> <br />. <br /> <br />. <br />