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CITY 6P ROSEVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS - (CONTIN�E�) <br />OECEMBER 31,�988 <br />Note 5- Cash and Temporary Investments (Continued) <br />The carrying value, market value and credit risk of the U.S. Government sewrities at year end is as <br />follows: <br />Credit risk category 1 <br />Credit risk category 2 <br />Credit risk category 3 <br />InvestmeMs for Deferred Compensatio� PLan - PooLed <br />Carrvinq Value Market VaLue <br />S 27,050,877 S 25,733,034 <br />800,�00 800,000 <br />827,850,877 826,533.034 <br />$ 507.658 8 507.658 <br />The City's imestments are categorized ahove to give an indication of the LeveL of risk assumed at year- <br />end. Category 1 inctudes investments that are insured or registered or for which the securities are hetd <br />6y the City or its agent i❑ the City' s name. Category 2 incLudes uninsured and unregistered investments <br />for which the securities are heLd 6y the 6roker's or deater's trust department or agent in the City's <br />name. Category 3 incLudes uninsured and unregistered investments for which the securities are hetd by <br />the 6roker or dealer, or hy its trust department or ageni but not in the City's name. <br />Use of the pooled method of investme�ts resuLts in periodic overdrafts in certain funds. On Decem6er 31 <br />1988 fund equity and advances consisted of the fotLowing: <br />General Fund <br />Speciat Reve�ue Fund <br />Deht Service Fund <br />Capitat Projects Fund <br />Enterprise Pund <br />Internal Service <br />Trust and Agency <br />TotaL Equity <br />Less: advances <br />PooLed cash and <br />investments <br />Note 6 - Speciat Assessments <br />Equity In <br />Investment PooL <br />S 3,841,547 <br />929,2�2 <br />9,053,336 <br />10,968,337 <br />3,917,646 <br />'1,148,383 <br />155,687 <br />830,074,138 <br />(S 621,140) <br />529,392,998 <br />Advances <br />5578,009 <br />1,809 <br />41,322 <br />5621.140 <br />SpeciaL Assessments - The payment of certain speciaL assessments has been postponed in accordance with <br />appLicable City Council policy or State statutes. These assessments in the amount of 5257,2'10 are <br />included With the speciat assessments receivable of the deht service funds as of Oecember 31, 1988. <br />These assessments will become colLectible when the condi2ions set forth 6y CounciL poLicy or in the StaTe <br />statutes occur. It is impossihle to determine when these mndiTions wilt occur. <br />35 <br />