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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2 0 0 3 <br />NOTE 3 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (Continued) <br />B. Deficit fund equity <br />The recreation, general obligation improvement bonds, general obligation tax increment bonds, <br />license center, and lawful gambling funds had deficit balances of $ 1,13 8,675, $ 2,153,527, $ <br />2,214,3 11, $ 9,810 and $ 134,196, respectively. These fund deficits are expected to be covered from <br />future fund revenues or trap s fers fr o m o i h cr funds <br />NOTE 4 - DETAILED NOTES ON ALL FUNDS <br />A. Deposits and investments <br />At year end, the City's carrying amount of deposits was $19,924,047 of which, $18,954,032 is <br />certificates of deposits, and the bank balances were $20,417,877. All balances were covered by <br />federal depository insurance or by perfected collateral held by the City's agent in the City's name. <br />Investments are categorized into these three categories of credit risk: <br />1. Insured or registered, or securities held by the City or its agent in the City's name. <br />2. Uninsured and unregistered, with securities held by the counter party's trust department or agent <br />in the City's name. <br />3. Uninsured and unregistered, with securities held by the counter party, or by its trust department <br />or agent, but not in the City's name. <br />At year -end, the City's investment balances were as follows: <br />Reported <br />Category Amount <br />1 2 3 Fair Value <br />U.S. Government securities T � 7 -86 5 - "5 Q 0 $ 2705,445 <br />Deposits 19.924.047 <br />Total Cash and Investments $ 47 789 492 <br />55 <br />