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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1995
<br />Balances at December 31, 1995:
<br />Custodial Credit Risk Category Carrying Market
<br />Securities Type 1 2 3 Amount Value
<br />Commercial Paper $706,000 $ - $1,049,923 $1,755,923 $1,759,008
<br />FHLMC Notes 950,000 494,375 1,444,375 1,491,520
<br />FHLB Notes 500,000 - 500,000 502,971
<br />FFCB Notes - - 200,000 200,000 201,800
<br />FNMA Notes 812,743 900,000 1,712,743 1,721,761
<br />SLMA Notes 100,000 - 100,000 100,000
<br />U.S. Treasury Notes 444,925 - 444,925 436,586
<br />FHLMC - mortgage backed 490,052 - - 490,052 494,569
<br />FNMA - mortgage backed 409,915 - 177,139 587,054 588,123
<br />Municipal bond 251 ,000 251,000 251,000
<br />Certificates of accrual - treasury receipts - 1,233,196 1,233,196 1,239,702
<br />Totals $4,664,635 SO $4,054,633 8,719,268 8,787,040
<br />Investments not subject to categorization:
<br />Mutual funds 1,678,297 1,591,863
<br />Total investments 10,397,565 $10,378,903
<br />Deposits 849,854
<br />Petty cash 400
<br />Totals $11,247,819
<br />Assets held by deferred compensation plan administrator $362,109 $362,109
<br />A reconiliation 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 />$11,159,392
<br />88,427
<br />Total $11,247,819
<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.
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