Comprehensive Annual Financial Report 12/31/2004

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CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2004 Note 2 DEPOSITS AND INVESTMENTS (CONTINUED) Cash and Investment balances as of December 31, 2004 are as follows: Carrying Custodial Credit Risk Category and Fair 1 2 3 Value Negotiable Certificates of Deposit $ 4,275,774 4,275,774 Commercial Paper 6,199,194 6,199,194 Municipal Bonds 554,000 554,000 U.S. Government & Agency Securities 7,086,838 7,086,838 $ 18,115,806 18,115,806 Investments not subject to categorization: Mutual Funds 1,725,646 Money Market Funds 448,558 Total Investments 20,290,010 Deposits 462,836 Cash on Hand 820 Total Cash and Investments $ 20,753,666 Reconciliation of Cash and Investments to the Balance Sheet: Cash and Investments - Governmental Balance Sheet 14,401,281 Cash and Investments with Escrow Agent - Governmental Balance Sheet 491,820 Cash and Investments - Statement of Fiduciary Net Assets 1,432,706 Cash and Investments - Statement of Proprietary Fund Net Assets 4,427,859 Total Cash and Investments $ 20,753,666 The City's investments are categorized above to give an indication of the level of custodial credit risk assumed at year-end. Category 1 includes investments that are insured or registered or for which the securities are held by the City or its agent in the City's name. Category 2 includes uninsured or unregistered investments for which the securities are held by the counterparty's trust depat Unent or agent in the City's name. Category 3 includes uninsured and unregistered investments for which the securities are held by the counterparty or by its trust department or agent but not in the City's name. Cash and investments with escrow agent consist of undisbursed proceeds of the Public Project Bonds of 1999C and the Lease Revenue Bonds of 1998 which are restricted for the payment of debt associated with the City's fire station and the payment for construction and capitalized interest costs of the Civic Complex, respectively. 42