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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2015
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />As of December 31, 2015, the City had the following investments that are insured or registered, or securities held by the City or
<br />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 />U -S. Government Securities
<br />Total U.S. Government Securities
<br />U.S. Treasury Securities
<br />Total U -S. Treasury Securities
<br />Municipal Securities
<br />Total Municipal 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 />44,985,393
<br />52,688,302
<br />15,744,681
<br />5,055
<br />$ 68,438,038
<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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<br />Fair Value
<br />Credit
<br />Segmented
<br />and
<br />Quality/
<br />Time
<br />Carrying
<br />Ratings (1)
<br />Distribution (2)
<br />Amount
<br />N/A
<br />Less than 6 months
<br />$ 5,357,342
<br />N/A
<br />Less than 6 months
<br />2,345,567
<br />7,702,909
<br />AAA
<br />1 to 5 years
<br />7,088,074
<br />AAA
<br />More than 5 years
<br />9,044,180
<br />16,132,254
<br />AAA
<br />Less than 6 months
<br />129,719
<br />AAA
<br />1 to 5 years
<br />9,293,721
<br />9,423,440
<br />AAA
<br />Less than 6 months
<br />385,284
<br />AAA
<br />6 to 12 months
<br />500,950
<br />AA
<br />More than 5 years
<br />1,048,760
<br />AAA
<br />1 to 5 years
<br />2,914,802
<br />AAA
<br />More than 5 years
<br />2,375,913
<br />7,225,709
<br />N/A
<br />Less than 6 months
<br />1,187,708
<br />6 to 12 months
<br />2,796,478
<br />1 to 5 years
<br />8,219,804
<br />12,203,990
<br />44,985,393
<br />52,688,302
<br />15,744,681
<br />5,055
<br />$ 68,438,038
<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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