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CITY OF ROSEVILLE MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS (CONTINUED)
<br />�ECEMBEft 31, 1986
<br />No[e 5- Cash and TemporacY Investments (Continued)
<br />State statutes authorize the City to invesL in obllgations issued by the U. 5,
<br />Government or obligations guaranteed 6y the U. 5. Government or its agencies,
<br />collaterallzed Certificates of Deposits and collateralized Repurchase Agreements.
<br />The carrying value, market value and credit risk of the U. S, Government Securities,
<br />Cectificates of Deposit and Repurchase Agreements at year end is as follows:
<br />Credit cisk category 1 5 32,351,836
<br />Credlt risk category 2 500,000
<br />Credit risk category 3 -�"
<br />5 32.851 836
<br />Market value 5 33 566.015
<br />The CSty's investme�ts are categorl2ed above to give an indlcation of the level
<br />of rlsk assumed at year-end. Category 1 includes investments that are insured or
<br />registered or for which the securities are held by the City or its agent in the
<br />City"s name. Category 2 includes u�insured and unregistered Snvestments for
<br />which the securities are held by the broker's or dealer's trust department or agent
<br />in Lhe City"s name, Category 3 includes uninsured or unregistered investments for
<br />whlch the securities are held by the broker or dealer, or by it"s Lrust department
<br />or agent but not in the CiLy"s name,
<br />The category 2 securities consists of the City"s invesLment in a 1-day cepurchase
<br />agreement. The collateral securities ace held by the bank's agent Sn the City's
<br />name.
<br />Note 6- Due from Other Governments
<br />Amounts due fTom other governments on December 31, 1966 are presented below:
<br />Fund
<br />Special Assessment
<br />Enterprise
<br />Agency
<br />STATE OTHER TOTAL
<br />532,082 5 32,082
<br />169,723 169,723
<br />17 261 17.261
<br />499 343 5169.723 5219.066
<br />The Sanitary Sewer fund balance sheet (enLerprise funds) indicates 5169,723 due from
<br />other governments. This balance inciudes 557,537 which is Che current poction of of
<br />Lhe deferred receivable duee from the Metropolitan Waste Control Commission, and
<br />a usage credit adjustment from 1985 in the amount of 5112,186.
<br />Note 7- Fixed Assets/Property and E4uioment
<br />Changes in the General Fixed Asset Account Group for 1986 were as follows:
<br />Land
<br />Buildings
<br />Improvements other
<br />than bulldings
<br />Machinery and equipment
<br />Construction in progress
<br />Bala�ce
<br />January 1,
<br />1986 Addltlons Disposal
<br />S 1,206,485 4 55,295
<br />3,379,116 82,260
<br />15,636,928 933,890
<br />2,802,029 375,072 62,059
<br />48,609 13.526,966 98.609
<br />523 073.162 514,972.983 S 110 668
<br />Balance
<br />December 37,
<br />1986
<br />5 1,261,780
<br />3,461,376
<br />16,070,818
<br />3,115,037
<br />13 526,966
<br />537 935.477
<br />The Sncrease Sn constructio❑ Sn progress is due primarily to a major bridge
<br />construction project that is scheduled to be completed in 1987.
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