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CITY OF ELK RIVER,MINNESOTA
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> DECEMBER 31,2013
<br /> Note 3: DETAILED NOTES ON ALL FUNDS-CONTINUED
<br /> As of December 31,2013,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 $ 5,286,418
<br /> Broker Money Markets N/A Less than 6 months 568,761
<br /> Total pooled investments 5,855,179
<br /> Non-pooled investments:
<br /> U.S.Government Securities AA 1 to 5 years 476,936
<br /> AAA 1 to 5 years 972,652
<br /> AA More than 5 years 461,605
<br /> AAA More than 5 years 26,317,018__
<br /> Total U.S.Government Securities 28,228,211
<br /> U.S.Treasury Securities AAA Less than 6 months 107,691
<br /> AAA 1 to 5 years 239,549
<br /> Total U.S.Treasury Securities 347,240
<br /> Municipal Securities A 1 to 5 years 263,490
<br /> AA 6 to 12 months 250,728
<br /> AA 1 to 5 years 1,514,830
<br /> AA More than 5 years 1,419,520
<br /> AAA 1 to 5 years 1,022,718
<br /> AAA More than 5 years 2,081,266
<br /> Total Municipal Securities 6,552,552
<br /> Negotiable CD's NIA Less than 6 months 1,094,951
<br /> 6 to 12 months 1,953,541
<br /> 1 to 5 years 3,762,855
<br /> More than 5 years 911,270
<br /> Total negotiable CD's 7,722,617
<br /> Total non-pooled investments 42,850,620
<br /> Total investments 48,705,799
<br /> Deposits 13,545,562
<br /> Cash on hand 4,655
<br /> Total cash and investments $ 62,256,016
<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.
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