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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2000 <br />Note 3: DEPOSITS AND INVESTMENTS — CONTINUED <br />The city's investment in the Minnesota Municipal Money Market Fund and the I.I.S. <br />Government Mutual <br />Fund is valued at fair value and is the same as the value of the pool shares. <br />The City and its component unit cash and investment balances at December 31, 2000: <br />Prima.. y. overnment: <br />Securities —Credit Risk Cater ory <br />Carrying Value <br />T!pe... .......... 1 2 _ _..__ <br />and Fair Value <br />U.S, government $ 9,110,437 $ - $ - <br />$ 9,110,437 <br />Municipal bonds 129,853 _ - <br />129,853 <br />Commercial paper 110,029,.102 _ ........ - <br />10,029J02 <br />$19,269,392 $ - <br />19,269,392 <br />Minnesota Municipal Money Market Fund <br />1,459,697 <br />U.S. Government Mutual Fund <br />251,092 <br />Total investments <br />20,980,181 <br />Deposits <br />5,800,841 <br />Cash on hand <br />3,815 <br />Total cash and investments <br />$26,784,837 <br />Co onent unit: <br />Deposits <br />$ 93,005 <br />They are reported on the combined balance sheet as follows: <br />Primary government; <br />Cash and investments $23,598,417 <br />Cash with fiscal agent 1,975,656 <br />Restricted asset - investments 1,21,..0_,.764 <br />Total primary government $26,784,837 <br />Qq_r ppnent unit: <br />Cash and investments $ 93,005 <br />Total cash and investments $26,877,842. <br />18 <br />