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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1991 <br />Page 9 of 18 <br />f) Repurchase or reverse repurchase agreements with banks that are members of the Federal Reserve <br />System with capitalization exceeding $10,000,000; a primary reporting dealer in U.S. government <br />securities to the Federal Reserve Bank of New York; certain Minnesota securities broker - dealers; or, a <br />bank qualified as a depositor. <br />Balances at December 31, 1991: <br />Credit Risk Category Carrying Market <br />Securities Type 1 2 3 Amount Value <br />Federal National Mortgage <br />Association $178,301 $178,301 $152,564 <br />Commercial Paper $598,997 598,997 598,997 <br />Government National <br />Mortgage Association 129,745 129,745 126,543 <br />Totals $308,046 s 5598,997 $0 907,043 5878,104 <br />Investment pools <br />Total investments <br />Deposits <br />Petty cash <br />Totals <br />Cash and investments with escrow agent <br />1,423,546 <br />2,330,589 <br />6,033,449 <br />150 <br />$8,364,188 <br />$165,228 <br />Assets held by deferred compensation pool administrator $213,215 $213,215 <br />The City's investments are categorized above to give an indication of the level of risk assumed at year- <br />end. Category 1 includes investments that are insured or registered or for which the securities are held <br />by the City or its agent in the City's name. Category 2 includes uninsured or unregistered investments <br />for which the securities are held by the counterparty's trust department or agent in the City's name. <br />Category 3 includes uninsured and unregistered investments for which the securities are held by the <br />counterparty or by its trust department or agent but not in the City's name. <br />Cash and investment with escrow agent consist of undisbursed proceeds of the Public Project Bonds of <br />1990 which are restricted for the construction and payment of debt associated with the City's fire <br />station. <br />Note 3 FIXED ASSETS <br />A summary of changes in general fixed assets is as follows: <br />Land <br />Buildings and structures <br />Wells <br />Furniture and equipment <br />Totals <br />Balance <br />1/1/91 <br />$298,943 <br />578,684 <br />6,216 <br />1,108,886 <br />992 729 <br />Additions <br />$11,067 <br />668 <br />Balance <br />Deletions 12/31/91 <br />$310,010 <br />579,352 <br />6,216 <br />154,387 $39 254 1,224,019 <br />$39,254 $2,119,597 <br />$166 122 <br />