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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1996
<br />Balances at December 31, 1996:
<br />Securities Type
<br />Commercial Paper
<br />FHLMC Notes
<br />FNMA Notes
<br />U.S. Treasury Notes
<br />FHLMC - mortgage backed
<br />FNMA - mortgage backed
<br />Municipal bond
<br />Certificates of accrual - treasury receipts
<br />Totals
<br />Investments not subject to categorization:
<br />Mutual funds
<br />Total investments
<br />Deposits
<br />Petty cash
<br />Totals
<br />Custodial Credit Risk Category
<br />1 2 3
<br />$5,137,749 $ - $ -
<br />1,649,750 594,300
<br />1,500,000
<br />466,620
<br />303,592
<br />1,366,761
<br />313,000
<br />$9,237,472
<br />Assets held by deferred compensation plan administrator
<br />- 300,000
<br />- 1,306,357
<br />SO $3,700,657
<br />Carrying Market
<br />Amount Value
<br />$5,137,749 $5,145,926
<br />2,244,050 2,268,533
<br />1,500,000 1,489,640
<br />466,620 451,331
<br />303,592 297,662
<br />1,366,761 1,341,451
<br />613,000 613,000
<br />1,306,357 1,258,837
<br />12,938,129 12,866,380
<br />1,457,062 1,314,490
<br />14,395,191 $14,180,870
<br />1,170,822
<br />400
<br />$15,566,413
<br />$467,350 $467,350
<br />A reconciliation of cash and investments as shown on the combined balance sheet is as follows:
<br />Cash and investments
<br />Cash and investments with escrow agent
<br />$15,473,600
<br />92,813
<br />Total $15,566,413
<br />The City's investments are categorized above to give an indication of the level of custodial credit risk
<br />assumed at year -end. Category 1 includes investments that are insured or registered or for which the
<br />securities are held by the City or its agent in the City's name. Category 2 includes uninsured or
<br />unregistered investments for which the securities are held by the counterparty's trust department or
<br />agent in the City's name. Category 3 includes uninsured and unregistered investments for which the
<br />securities are held by the counterparty or by its trust department or agent but not in the City's name.
<br />Cash and investments with escrow agent consist of undisbursed proceeds of the Public Project Bonds
<br />of 1990 which are restricted for the payment of debt associated with the City's fire station.
<br />40
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