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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2011
<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;
<br />or, a bank qualified as a depositor.
<br />g) General obligation temporary bonds of the same governmental entity issued under section
<br />429.091, subdivision 7; 469.178, subdivision 5; or 475.61, subdivision 6.
<br />As of December 31, 2011, the City had the following investments and maturities:
<br />Investment Maturities (in Years)
<br />Fair Less Over
<br />Investment Type Rating Value Than 1 1-5 6-10 10 Years
<br />Federal Home Loan Mortgage Corp. AAA $100,203 $ - $ - $ - $100103
<br />Federal National Mortgage Association AAA 400,631 - - - 400,631
<br />REMIC NR 1,554 - - - 1,554
<br />Money market NR 9,890,021 9,890,021 - - -
<br />External investment pool -4M Fund NR 752,385 752,385 - - -
<br />Brokered cenificatesofdeposit NR 1,039,417 183,189 486,186 370,042
<br />Tota] $12,184,211 $10,825 595 $486,186 $370,042 $502,388
<br />NR - Not Rated Total investments $12,184,211
<br />Deposits 999,873
<br />Petty cash 5,200
<br />Total cash and investments 513,189,284
<br />Following is a reconciliation of the City's cash and investment balances as of December 31, 2011:
<br />Cash and investments $10,600,416
<br />Cash and investments - fiduciary fund ($13,372)
<br />Restricted cash and investments 2,164,079
<br />Funds held in trust 438,161
<br />$13,189,284
<br />C. INVESTMENT RISKS
<br />Custodial credit risk — investments — For investments in securities, custodial credit risk is the risk that
<br />in the event of failure of the counterparty to a transaction, the City will not be able to recover the value
<br />of its investment securities that are in the possession of an outside party. Investments in investment
<br />pools and money markets are not evidenced by securities that exist in physical or book entry form, and
<br />therefore are not subject to custodial credit risk disclosures. The City's investment policy does not
<br />address custodial risk. However, investments in securities are held by the City's broker-dealers of
<br />which $500,000 is insured through SIPC. The broker-dealer has provided additional protection by
<br />providing additional insurance. This insurance is subject to aggregate limits applied to all of the
<br />broker-dealers' accounts.
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