5.1. ERMUSR 05-14-2013 - Laserfiche WebLink

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ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2012 AND 2011 Note 2: DETAILED NOTES ON ALL FUNDS-CONTINUED Investments The Utilities' investment balances were as follows for December 31, 2012: Fair 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 $ 21,812 Non-pooled investments U.S. Government Agency Securities Aaa more than 3 years 489,773 Brokered CD's N/A less than 6 months 431,303 Brokered CD's N/A 6 months to 1 year 488,909 Brokered CD's N/A 1 to 3 years 1,481,477 Brokered CD's N/A more than 3 years 202,963 Total non-pooled investments 3,094,425 Total investments $ 3,116,237 1. Ratings were provided by Moody's 2. Interest rate risk is disclosed using the segmented time distribution method. N/A Indicates not applicable or available. The Utilities' investment balances were as follows for December 31, 2011: Fair 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 1 to 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 1 year 491,684 Brokered CD's N/A 1 to 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 distribution method. N/A Indicates not applicable or available. 37