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NOTE 2 — DEPOSITS AND INVESTMENTS (CONTINUED)
<br />Concentration Risk — This is the risk associated with investing a significant portion of the City's
<br />investments (considered 5.0 percent or more) in the securities of a single issuer, excluding
<br />U.S. guaranteed investments (such as treasuries), investment pools, and mutual funds. The City's
<br />investment policy states that no more than 5.0 percent of the overall portfolio may be invested in the
<br />securities of a single issuer, except for the securities of the United States government, or an external
<br />investment pool. The following is a list of investments, which individually comprise more than
<br />5.0 percent of the City's total investments:
<br />Federal Home Loan Mortgage Corporation
<br />27.5%
<br />Federal National Mortgage Association
<br />5.8%
<br />Hartford County, CT
<br />9.4%
<br />JP Morgan Chase Bank
<br />9.1 %
<br />Madison Borough, NJ
<br />13.6%
<br />Morgan Stanley Bank
<br />15.2%
<br />New York State Dormitory Authority
<br />8.8%
<br />New York City Transit
<br />8.8%
<br />Interest Rate Risk — This is the risk of potential variability in the fair value of fixed rate investments
<br />resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the
<br />greater the risk). The City's investment policy does not further address interest rate risk.
<br />NOTE 3 — CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2025 was as follows:
<br />A. Changes in Capital Assets Used in Governmental Activities
<br />Capital assets, not depreciated
<br />Land
<br />Capital assets, depreciated
<br />Buildings
<br />Office equipment
<br />Infrastructure
<br />Total capital assets, depreciated
<br />Less accumulated depreciation for
<br />Buildings
<br />Office equipment
<br />Infrastructure
<br />Total accumulated depreciation
<br />Net capital assets, depreciated
<br />Net capital assets
<br />Balance - Transfers and
<br />Beginning Completed Balance -
<br />of Year Additions Deletions Construction End of Year
<br />2,500 $ - $ - $ - $ 2,500
<br />914,253 13,975
<br />95,005 -
<br />1,916,854 -
<br />2,926,112 13,975
<br />- 928,228
<br />95,005
<br />- 1.916,854
<br />2,940,087
<br />(384,559) (24,834) -
<br />- (409,393)
<br />(20,595) (8,179) -
<br />- (28,774)
<br />(980,725) (79,268) -
<br />- (1,059,993)
<br />(1,385,879) (112,281) -
<br />- (1,498,160)
<br />1.540.233 (98,306) - - 1,441,927
<br />$ 1,542,733 $ (98,306) S - $ - $ 1,444,427
<br />-27-
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