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CITY OF ROSEVILLE,MINNESOTA <br /> NOTES TO FINANCIAL STATEMENTS <br /> December 31, 2014 <br /> Custodial credit risk — For investments, this is the risk that in the event of a failure of the <br /> counterparty to an investment transaction(typically a broker-dealer) the City would not be able to <br /> recover the value of its investments or collateral securities that are in the possession of an outside <br /> party. The City's investment policy does not further address this risk, but the City typically limits <br /> its exposure by purchasing insured or registered investments, or by the control of who holds the <br /> securities. <br /> Concentration risk — This is the risk associated with investing a significant portion of the City's <br /> investment (considered 5 percent or more) in the securities of a single issuer, excluding U.S. <br /> guaranteed investments (such as Treasuries), investment pools, and mutual funds. The City's <br /> investment policy does not limit the concentration of investments. The City holds 51.4% with <br /> Federal Home Bank, 42.5% with Fannie Mae and 6.1%with Federal Farm Credit Bank. <br /> Interest rate risk—This is the risk of potential variability in the fair value of fixed rate <br /> investments resulting from changes in interest rates (the longer the period for which an interest <br /> rate is fixed, the greater the risk). The City's investment policy does not address interest rate risk. <br /> The City holds all investments to maturity. <br /> B. Receivables <br /> Governmental funds report deferred inflows of resources in connection with receivables for revenues <br /> that are not considered available to liquidate liabilities of the current period. Governmental funds <br /> also defer recognition in connection with resources that are not yet available. At the end of the <br /> current fiscal year, the various components of deferred inflows reported in the governmental funds <br /> were as follows: <br /> Unavailable <br /> Unavailable revenue accounts receivable (Recreation) $ 68,555 <br /> Delinquent property taxes (General) 133,653 <br /> Delinquent property taxes (Recreation) 26,586 <br /> Delinquent propety taxes (Debt service) 47,401 <br /> Delinqeunt property taxes (Revolving improvlements) 20,447 <br /> Delinquent propety taxes (Economic development) 195,009 <br /> Delinquent propety taxes (Information Technology) 2,562 <br /> Delinquent special assessments (Debt Service) 10,392 <br /> Delinquent special assessments (Street Reconstruction) 10,612 <br /> Special assessments not yet due (G.O. improvement bonds) 587,303 <br /> Special assessments not yet due (Street construction) 793,609 <br /> Total deferred inflows for governmental funds $ 1,896,129 <br /> 52 <br />