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<br />CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2004 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br /> <br />At year end, the City's investment balances were as follows: <br /> <br />Category <br />2 3 <br /> <br />Reported <br />Amount! <br />Fair Value <br /> <br />$ 11,876,263 $ <br />1,697,220 <br />16.181.581 <br />$ 29.755.064 $ <br /> <br />- $ 11,876,263 <br />1,697,220 <br />16.181.581 <br /> <br />29,755,064 <br /> <br />Investments not subject to categorization: <br />Minnesota municipal investment pool <br /> <br />1.259.921 <br /> <br />Total investments <br /> <br />31,014,985 <br /> <br />Deposits <br /> <br />4.863.469 <br /> <br />Total cash and investments <br /> <br />$ 35 878.454 <br /> <br />B. Deferred Revenue <br /> <br />Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to be <br />available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection <br />with resources that have been received, but not yet earned. At the end of the current fiscal year, the various components <br />of deferred revenue and unearned revenue reported in the governmental funds were as follows: <br /> <br /> Unavailable Unearned <br />Delinquent property taxes receivable: <br />General fund $ 109,532 $ <br />Improvement bonds 2,682 <br />Capital projects 4,078 <br />Nonmajor funds 27,535 <br />Delinquent special assessments: <br />Improvement bonds 21,102 <br />Capital projects 137,468 <br />Permanent improvement revolving 29,802 <br />Special assessments not yet due: <br />Improvement bonds 3,081,803 <br />Capital projects 1,605,197 <br />Permanent improvement revolving 1,234,856 <br />Notes receivable not yet due: <br />Nonmajor funds 176,907 <br />Unearned miscellaneous fees: <br />Nonmajor funds 13.482 <br />Total deferred/unearned revenue for governmental funds $ 6.430.962 $ 13 .482 <br /> <br />41 <br /> <br />I <br /> <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />