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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2010 <br />Note 3: DETAILED NOTES ON ALL FUNDS -CONTINUED <br />As of December 31, 2010, the City had the following investments that are insured or registered, or securities held by the <br />City or its agent in the City's name. <br /> Fair Value <br /> Credit Segmented and <br /> Quality/ Time Carrying <br />Types of Investments Ratings (1) Distribution (2) Amount <br />Pooled investments: <br />Minnesota Municipal Money Market Fund N/A Less than 6 months $ 9,348,989 <br />Broker Money Markets N/A Less than 6 months 540,508 <br />Total pooled investments 9,889,497 <br />Non-pooled investments: <br />U.S. Government Securities AAA 1 to 5 years 12,706,838 <br /> AAA More than 5 years 9,433,799 <br />Total U.S. Government Securities 22,140,637 <br />Negotiable CD's N/A Less than 6 months 4,458,219 <br />6 to 12 months 786,456 <br />1 to 5 years 4,463,797 <br />Total negotiable CD's 9,708,472 <br />Total non-pooled investments 31,849,109 <br />Total investments 41,738,606 <br />Deposits 9,524,043 <br />Cash on hand 4,725 <br />Total cash and investments $ 51,267,374 <br />(1) Ratings are provided by various credit rating agencies where applicable to indicate associated credit risk. <br />(2) Interest rate risk is disclosed using the segmented time distribution method. <br />N/A Indicates not applicable. <br />Cash and investments are presented in the fmancial statements as follows: <br />Primary Component <br />Statement of Net Assets <br />Cash and investments <br />Restricted cash and investments <br />Statement of Fiduciary Net Assets <br />Cash and investments <br />Total <br />Government Unit - HRA <br />$ 50,458,526 $ 688,616 <br />724,500 - <br />84,348 - <br />$ 51,267,374 $ 688,616 <br /> <br />46 <br />