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CiTY C1F RfI.SFVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31 1997 <br />ta rr 'i ('ash a*�„ Temnorarv Inveetments - con in <br />wirh a credit quality in ore of [he top two highest categories; repurchase or reverse purchase agreements and secunties lending agreements <br />with firrarcial insdmtior� qualifies as a"deposirory" by the government entiry, with banks dut are members of the Federal Reserve System <br />with capitali7adon e�eeding $10,000,000, a primary reporting dealer in U.S. government securities to the Federal Reserve Bank of New <br />York, or ce�tain Minnesota securi[ies broker-dealers. <br />The carrying val�e, market value and credit risk of the U. S. Government securities at year end is as follows: <br />Credit risk category 1 <br />Credit risk category 2 <br />Credit risk category 3 <br />('arrvine Value <br />S 30,403,462 <br />1 111 41.] <br />Total � 40 403 462 <br />Market Value <br />S 33,153,633 <br />1 111 1.11 <br />� 43 15� 633 <br />The City's investrnencs are categonzed above to Rive an irdication of rhe level of risk asswned at year-end. Category 1��dudes uninsured <br />that are incured or re�istered or for which the sec urities are held by [he Ciry or i[s agent in the City's n�ne. Category .. <br />ard unregjstered invesanents for which the securities are held by the banks' trust deparmient or agent in the City's rwne.( This category <br />�nc�udes repurchase agreements). Cate�ory 3 ircludes uninsured ard urveBisrered inves[ments for which the securities are held by the bank, <br />or by its trust departrnent or agent, but not in the Ciry's name. <br />Use of the pc�oled method of irnesm�ents resW[s in periodic overdrafts in certain funds. On Deceinber 31, 1997 fund equity and advances <br />concisted of the fo(lowing: <br />General Fund <br />$pecial Revenue Fund <br />Debt Service Fund <br />Capital Projects Fund <br />Enterprise Fund <br />Internal Service Fund <br />Trust and Agency Funds <br />Totai Equity <br />Less: advances <br />Plus: accrued interest <br />Earning Value of Cash arid Investmen[s <br />Equity in <br />investment Pool <br />S 3,846,439 <br />1,169,676 <br />6,744,645 <br />35 <br />�,138,173 <br />3,463,802 <br />2,032,071 <br />I 520276 <br />S 38,915,082 <br />(5,417,360) <br />7 024 66� <br />e a0 523 384 <br />Due to Other Fm�ds <br />S 2,I52,399 <br />1,354,594 <br />1, 910, 367 <br />S 5 417 360 <br />