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ELK RIVER MUNICIPAL UTILITIES <br /> ELK RIVER,MINNESOTA <br /> NOTES TO THE FINANCIAL STATEMENTS <br /> DECEMBER 31,2013 AND 2012 <br /> Note 2: DETAILED NOTES ON ALL FUNDS-CONTINUED <br /> Investments <br /> The Utilities' investment balances were as follows for December 31,2013: <br /> Fair Value <br /> Credit Segmented and <br /> Quality/ Time Carrying <br /> Types of Investments Ratings(1) Distribution(2) Amount <br /> Pooled investments <br /> Broker Money Markets N/A less than 6 months $ 380,209 <br /> Non-pooled investments <br /> U.S.Government Agency Securities AA+ more than 3 years 476,936 <br /> Brokered CD's N/A less than 6 months 669,498 <br /> Brokered CD's N/A 6 months to 1 year 1,111,819 <br /> Brokered CD's N/A 1 to 3 years 290,132 <br /> Brokered CD's N/A more than 3 years 444,512 <br /> Total non-pooled investments 2,992,897 <br /> Total investments $ 3,373,106 <br /> (1) Ratings were 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 or available. <br /> The Utilities' investment balances were as follows for December 31,2012: <br /> Fair Value <br /> Credit Segmented and <br /> Quality/ Time Carrying <br /> Types of Investments Ratings(1) Distribution(2) Amount <br /> Pooled investments <br /> Broker Money Markets N/A less than 6 months $ 21,812 <br /> Non-pooled investments <br /> U.S. Government Agency Securities Aaa more than 3 years 489,773 <br /> Brokered CD's N/A less than 6 months 431,303 <br /> Brokered CD's N/A 6 months to 1 year 488,909 <br /> Brokered CD's N/A Ito 3 years 1,481,477 <br /> Brokered CD's N/A more than 3 years 202,963 <br /> Total non-pooled investments 3,094,425 <br /> Total investments $ 3,116,237 <br /> (1) Ratings were 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 or available. <br /> 89 <br />