Laserfiche WebLink
CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2008 <br />policy also states the City's investment portfolio will remain sufficiently liquid to enable the City to <br />meet all operating requirements which might be reasonably anticipated. <br />Credit risk — The City's external investment pool investment is with the 4M fund which is regulated by <br />Minnesota Statutes and the Board of Directors of the League of Minnesota Cities. The 4M fund is an <br />unrated 2a7 -like pool and the fair value of the position in the pool is the same as the value of pool <br />shares. <br />Concentration of credit risk — The City places no limit on the amount the City may invest in any one <br />issuer. More than 5% of the City's investments are in various holdings as follows: <br />Federal Home Loan Mortgage Corp. Notes 15.13% <br />Federal National Mortgage Assn. Notes 27.38% <br />Note RECEIVABLES <br />Significant receivables balances not expected to be collected within one year of December 31, 2008 are as <br />follows: <br />55 <br />Major Funds <br />Street <br />Water <br />Improvement <br />HRA <br />Filtration & <br />Nonmajor <br />General <br />Debt Service <br />Debt Service <br />Purification <br />Funds <br />Total <br />Special assessments receivable <br />$ - <br />$1,521,800 <br />$ - <br />$ - <br />$ - <br />$1,521,800 <br />Delinquent property taxes <br />24,850 <br />8,929 <br />4,491 <br />- <br />498 <br />38,768 <br />Interfund loan receivable <br />- <br />- <br />619,930 <br />619,930 <br />$24,850 <br />$1,530,729 <br />$4,491 <br />$619,930 <br />$498 <br />$2,180,498 <br />55 <br />