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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION <br />VADNAIS HEIGHTS, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2009 <br />Note 3: DETAILED NOTES ON ACCOUNTS - CONTINUED <br />A reconciliation of cash and temporary investments as shown in the financial statements of the Organization <br />follows: <br />Carrying amount of deposits $ 118,208 <br />Investments 240,185 <br />Cash on hand 24 <br />Total $ 358,417 <br />Cash and investments <br />Unrestricted $ 336,474 <br />Restricted 21,943 <br />Total $ 358,417 <br />B. investments <br />The Minnesota Municipal Money Market Fund (the 4M Fund) is a customized cash management and investment <br />program for Minnesota public funds. Sponsored and govemed by the League of Minnesota Cities since 1987, <br />the 4M Fund is a unique investment alternative designed to address the daily and long term investment needs of <br />Minnesota cities and other municipal entities. Allowable under Minnesota statutes, the 4M Fund is comprised of <br />top quality, rated investments. <br />At year end, the Organization had the following investments that are insured or registered, or securities held by <br />the Organization's agent in the Organization's name: <br />Types of Investments <br />Fair Value <br />Credit Segmented and <br />Quality/ Time Carrying <br />Ratings (1) Distribution (2) Amount <br />Investments not subject to categorization <br />Minnesota Municipal Money Market fund N/A less then 6 months $ 240,185 <br />1. Ratings are provided by Moody's 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 />-37- <br />