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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2009 <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 18.33% <br />Federal National Mortgage Assn. Notes 8.78% <br />Federal Farm Credit Bank 5.67% <br />Note RECEIVABLES <br />Significant receivables balances not expected to be collected within one year of December 31, 2009 are as <br />follows: <br />53 <br />L- <br />Major Funds <br />Street <br />water <br />Improvement <br />HRA <br />HRA <br />Filtration & <br />Nonmajor <br />General <br />Debt Service <br />Debt Service <br />Projects <br />Purification <br />Funds <br />Total <br />Special assessments receivable <br />$ - <br />$1,355,932 <br />$ - <br />$ - <br />$ - <br />$ - <br />$1,355,932 <br />Delinquent property taxes <br />35,000 <br />11,400 <br />5,100 <br />109,050 <br />- <br />3,500 <br />164,050 <br />Interfund loan receivable <br />- <br />- <br />- <br />- <br />1,662,110 <br />- <br />1,662,110 <br />Accounts receivable <br />2,587,685 <br />- <br />- <br />2,587,685 <br />$35,000 <br />$3,955,017 <br />$5,100 <br />$109,050 <br />$1,662,110 <br />$3,500 <br />$5,769,777 <br />53 <br />L- <br />