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CITY OF CENTERVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS DECEMBER 3 I, 2003 Note 3: DETAILED NOTES ON ALL FUNDS A. Deposits and Investments At year end., tbI: City's carrying amount of deposits was $6,825,366 and tbI: bank balance was $6,862,799. Of the bank balance, $583,776 was covered by federal depository insurance or by collateral held by the City's agent in the City's name. The remaining balance of $6,279,023 was collateralized with securities held by the pledging finaneial institution's trust deparment or agent in the City's name. Investments are categorized into these three categories of credit risk: 1. Insured or registered, or securities held by the City or its agent in the City's name. 2. Uninsured and unregistered, with securities held by the countelplll1y's trust department or agent in the City's name. 3. Uninsured and unregistered, with securities held by the countelplll1y, or by its trust department or agent, but not in the City's name. At year end., the City's investment baIanees were as follows: I Cate20rv 2 3 Reported Amount! Fair Value U.S. Government securities $ 1 643 229 ~ $ _ $ 1 643 229 InveSbnents not subject to categorization: Broker money market account 4M Investment Pool 7,314 5.060 Total investments ~ 16S5603 Total cash and investments Deposils Investments Petty cash $ 6,825,366 1,655,603 200 Total cash and investmenls $ 8481169