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HOUSING AND REDEVELOPMENT AUTHORITY OF ST. ANTHONY t: <br /> NOTES TO FINANCIAL STATEMENTS <br /> DECEMBER 31 , 1999 <br /> Note 1 . Significant Accounting Policies, continued <br /> M. Total Columns - Memorandum Only , <br /> Total columns on the general purpose financial statements are captioned "memorandum <br /> only" to indicate that they are presented only to facilitate financial analysis. 1 <br /> Data in these columns do not present financial position, results of operations, or <br /> changes in financial position in conformity with generally accepted accounting prin- <br /> ciples.- Neither is such data comparable to- a consolidation. Interfund transactions ' <br /> have not been eliminated in the aggregation of this data. <br /> N. Comparative Data <br /> Comparative totals for the prior year have been presented in the accompanying finan- <br /> cial statements in order to provide an understanding of changes in the Authority's <br /> financial position and operations. However, comparative totals have not been pre- <br /> sented in all statements because their inclusion would make certain statements.un- <br /> duly complex and difficult to understand. <br /> Note 2. Cash and Investments <br /> Cash and investments at December 31 , 1999 consist of: , <br /> Cash in Banks - Demand Deposits ($65,015) <br /> Bank Repurchase Agreement 663,055 <br /> Shares of Money Market Funds 21 ,480 <br /> Commercial Paper 206,143 <br /> U.S. Government Agencies 2,176,566 <br /> Unit Income Trusts 125,250 ' <br /> Collateralized Mortgage Backed Securities 64,417 <br /> Total Cash and Investments $3,191 ,896 <br /> - ------------ <br /> Bank Deposits: <br /> In accordance with Minnesota Statutes, the Authority maintains deposits at those <br /> depository banks authorized by the Authority, all of which are members of the Federal <br /> Reserve System. Statutes require that Authority deposits be protected by insurance, <br /> surety bond, or collateral . The market value of collateral pledged must equal 110% ' <br /> of the deposits not covered by insurance or bonds, 140% in the case of mortgage notes <br /> pledged. Securities pledged are to be held in safekeeping by the Treasurer or in a <br /> financial institution other than that furnishing the collateral . Bank deposits <br /> of Authority bank accounts totaled $50,915 and were fully insured and collateralized. <br /> ih <br /> -12 <br />