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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2011 <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br />As of December 31, 2011, 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 />Types of Investments <br />Pooled investments: <br />Minnesota Municipal Money Market Fund <br />Broker Money Markets <br />Total pooled investments <br />Non - pooled investments: <br />Municipal Securities <br />U.S. Government Securities <br />Total U.S. Government Securities <br />Negotiable CD's <br />Total negotiable CD's <br />Total non - pooled investments <br />Total investments <br />Deposits <br />Cash on hand <br />Total cash and investments <br />Credit <br />Segmented <br />Quality/ <br />Time <br />Ratings (1) <br />Distribution (2) <br />N/A <br />Less than 6 months <br />N/A <br />Less than 6 months <br />AAA More than 5 years <br />AAA 1 to 5 years <br />AAA More than 5 years <br />N/A Less than 6 months <br />6 to 12 months <br />1 to 5 years <br />Fair Value <br />and <br />Carrying <br />Amount <br />$ 5,169,539 <br />113,318 <br />5,282,857 <br />838,147 <br />38,081,165 <br />43,364,022 <br />10,096,771 <br />8,416 <br />$ 53,469,209 <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 financial statements as follows: <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 />46 <br />Primary Component <br />Government Unit - HRA <br />$ 52,681,853 $ 919,821 <br />724,500 - <br />62,856 - <br />$ 53,469,209 $ 919,821 <br />