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CITY OF ROSEVILLE NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 NOTE 6 - INVESTMENT TRUST The North Suburban Cable Commission, a separate joint - powers agency, which includes Roseville and nine other cities, voluntarily maintains its excess funds with the City to invest and earn interest. The City provides for an investment trust and accounts for the funds accordingly. There is no direct regulatory oversight of the fund by any other agency, except the investments are in accordance with Minnesota State Statutes, which provides for public funds treatment, and thus are restricted within the statutes. The Trust's cash is pooled with the City's funds, and disclosed as part of these notes to basic statements. The fair value is determined on a monthly basis but is only booked to the investment trust at the end of the calendar fiscal year of the City. The method of determining the values and shares of the Commission in the investment trust is the same pro -rata monthly average cash method employed with all other city funds. The City provides no other guarantees other than the underlying securities, which are restricted as per state statutes. As of December 31, 2009, the fair value (carrying value) of the commission investment trust is $1,619,521. No separate report(s) are issued. Condensed financial statements of the investment pool are as follows: COMBINING STATEMENT OF NET ASSETS December 31, 2009 73 Total $ 4492389443 210,755 $ 4494499198 $ 4494499198 Internal External Investment Investment Pool Pool City of North Suburban Roseville Cable Commission ASSETS Cash and cash equivalents $ 4296279098 $ 196119345 Investment interest receivable 2029579 89176 Total assets $ 4298299677 $ 196199521 NET ASSETS Held in trust for pool participants $ 42, 829, 677 $ 196199521 73 Total $ 4492389443 210,755 $ 4494499198 $ 4494499198