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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO FINANClAL STATEMENTS <br />December 31, 2014 <br />Note 3 DETAILED NOTES ON ALL FUNDS <br />A. Deposits and investments <br />1. Components of Cash and Investments <br />Cash and investments at year-end December 31, 2014 consist of the fo]]owing: <br />Deposits <br />I nvestme nts <br />Cash on Hand <br />Tota I <br />$ 14,605,176 <br />45,027,534 <br />8,625 <br />$ 59,641,335 <br />Cash and investments are presented in the financial statements as follows: <br />Statement ofNet Positions - Government Wide <br />Cash and cash equivalents - Primary Governinent <br />Cash and cash equivalents - Component Unti <br />Restricted investments - Primary Government <br />Restricted investments - Component Unit <br />Statement ofFiduciary Net Posititons <br />Cash and cash equivalents - Agency Funds <br />Total <br />$ 53,876,377 <br />1,691,033 <br />2,956,152 <br />637,611 <br />480,162 <br />$ 59,641,335 <br />In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks <br />authorized by the City Council, including checking accounts and certificates of deposits. <br />The following is considered the most significant risk associated with deposits: <br />Custodial credit risk — In the case of deposits, this is the risk that in the event of a bank failure, the <br />City's deposits may be lost. Minnesota Statutes require that all deposits be protected by federal <br />deposit insurance, corporate surety bond, or collateral. The market value of collateral pledged <br />must equal 110% of the deposits not covered by federal deposit insurance or corporate surety <br />bonds. Authorized collateral includes treasury bills, notes, and bonds; issues of U.S. government <br />agencies; general obligations rated "A" or better; revenue obligations rated "AA" or better; <br />irrevocable standard letters of credit issued by the Federal Home Loan Bank; and certificates of <br />deposit. Minnesota Statutes require that securities pledged as collateral be held in safekeeping in <br />a restricted account at the Federal Reserve Bank or in an account at a trust department of a <br />commercial bank or other financial institution that is not owned or controlled by the financial <br />50 <br />