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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1994
<br />e) Commercial paper issued by United States corporations or their Canadian subsidiaries, of the highest
<br />quality, and maturing in 270 days or less.
<br />f) Repurchase or reverse repurchase agreements with banks that are members of the Federal Reserve
<br />System with capitalization exceeding $10,000,000; a primary reporting dealer in U.S. government
<br />securities to the Federal Reserve Bank of New York; certain Minnesota securities broker - dealers; or, a
<br />bank qualified as a depositor.
<br />Balances at December 31, 1994:
<br />Securities Type
<br />Commercial Paper
<br />Federal Home Loan Mortgage Corp.
<br />Federal Farm Credit Bank
<br />Federal Home Loan Bank
<br />Federal Nat. Mortgage Assoc.
<br />GNMA
<br />Student Loan Marketing Assoc.
<br />Certificate of Indebtedness
<br />Treasury Securities
<br />Totals
<br />Investment pools
<br />Total investments
<br />Deposits
<br />Petty cash
<br />Totals
<br />Custodial Credit Risk Category
<br />1 2 3
<br />$ - $795,339 $
<br />1,439,255 -
<br />205,000 200,000
<br />450,000
<br />1,310,290 900,000 -
<br />347,874
<br />- 300,000
<br />150,000
<br />1,345,411 402,255 199,569
<br />$3,358,575 $4,486,849 $199,569
<br />Cash and investments with escrow agent
<br />Carrying Market
<br />Amount Value
<br />$795,339 $797,409
<br />1,439,255 1,411,390
<br />405,000 398,046
<br />450,000 433,500
<br />2,210,290 2,226,359
<br />347,874 342,948
<br />300,000 300,000
<br />150,000 150,000
<br />1,947,235 1,776,819
<br />8,044,993 7,836,471
<br />3,067,529 2,858,421
<br />11,112,522 $10,694,892
<br />519,874
<br />300
<br />$11,632,696
<br />$83,901
<br />Assets held by deferred compensation plan administrator $313,265 $313,265
<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 of
<br />1990 which are restricted for the payment of debt associated with the City's fire station.
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