5.1. ERMUSR 05-08-2012 - Laserfiche WebLink

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ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 201 I AND 2010 Note 2: DETAILED NOTES ON ALL FUNDS -CONTINUED /nvestments The Utilities' investment balances were as follows for December 31, 201 I Pair Value Credit Segmented and Quality/ Time Carrying Types of Investments Ratings (1) Distribution (2) Amount Pooled investments Broker Money Markets N/A less than 6 months $ 26,465 Non-pooled investments U.S. Government Agency Securities Aaa less than 6 months 99,849 U.S. Government Agency Securities Aaa Ito 3 years 80,523 U.S. Government Agency Securities Aaa more than 3 years 603,856 Brokered CD's N/A less than 6 months 832,190 Brokered CD's N/A 6 months to I year 491,684 Brokered CD's N/A I [0 3 years 819,404 Brokered CD's N/A more than 3 years 100,578 Total non-pooled investments 3,028,084 Total investments $ 3,054,549 1. Ratings were provided by Moody's 2. Interest rate risk is disclosed using the segmented time distribu tion method. N/A Indicates not applicable or available. The Utilities' investment balances were as fol lows for December 31, 2010: Fair Value Credit Segmented and Quality/ Time Carrying Types of Investments Ratings (I) Distribution (2) Amount Pooled investments Broker Money Markets N/A less than 6 months $ 20,193 Non-pooled investments U.S. Government Agency Securities AAA Ito 3 years 401,513 AAA more than 3 years 479,759 Brokered CD's N/A less than 6 months 55,000 Brokered CD's N/A 6 months to I year 786,456 Brokered CD's N/A 1 to 3 years 1,251,956 Total non-pooled investments 2,974,684 Total investments $ 2,994,877 I. Ratings were provided by Moody's 2. Interest rate risk is disclosed using the segmented time distribu tion method. N/A Indicates not applicable or available. 37