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CITY OF GEM LAKE, MINNESOTA NOTES TO BASK FINANCIAL STATEMENTS: DECEMBER 31, 2012. NOTE 2 DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments (Continued) Interest Rafe Risk (Continued) 12 Months 13 to 24 25 to 60 More than Type Total or Less Months Months 60 Months Build Arrierioa Bonds - 5horaview $ 171,867 $ - $ - 5 - $ 171,867 Negotiable Certificates of Deposit. 625,820 - 140,000 344,512 41,30.8 Wells. Fargo Prima Investment Fund 257,781 257.781 - - Total $ 955A58 S. 257,781 $ 140,000 5 484,512 $ 213.175. Credit Risk Generally, credit risk is the. risk that an issuer of a.n.investment will not fulfill its obligation to the holder of the investment. This is measured by the.assignment of a. rating by a nationally recognized statistical rating organizatibm The City's investment policy doesn't specifically address credit risk. The following: chart summarizes year-end ratings for the City's investments as rated by Moody's Investors Services: Credit Type Quality Rating Amount Government IVloney.Market Mutual.. Funds NR $ 257781 Build America Bonds AAA 171,867 Negotiable Certificates of Deposit; GE.Gapital Bank CD NR 2445458 Goldman Sarhs Bank CD NR 141.,362 5afra. National Bank C❑ NR 140,000 Total Negotiable Certificates of Deposits 525.820 Total $ 955,468. NR = Not Rated Concentration of Credit. Risk The City places no limit. on the amount that: tine City may invest in any one issuer. The following is.. a fist. of i.n.Vestments Which individually comprise. n-more than 5% of the City's total investments: Type Amount Percentage Government.Money Market Mutual Funds $257781 26:98% Build America Bonds - Shoreview 171:867 17,09% Negotiable Certificates of Deposit 525,820 551030% Total $ 955,468. {25)