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CITY OF HUGO, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS (CONTINUED) <br />3. Detailed Notes on All Funds (Continued) <br />A. Deposits and Investments (continued) <br />Custodial Credit Risk <br />For an investment, custodial credit risk is the risk that, in the event of the failure of the counter <br />party, the City will not be able to recover the value of its investment securities that are in the <br />possession of an outside party. At December 31, 2015 all investments were insured or registered <br />or the securities were held by the City or its agent in the City's name. <br />B. Due From and To Other Governmental Units <br />Amounts due from other governmental units as of December 31, 2015 were as follows: <br />Washington <br />Fund Type County <br />General $ 59,051 <br />Debt Service <br />Capital Project 176,952 <br />Proprietary <br />Ind. School State of <br />District #624 Minnesota <br />2,397,500 <br />Total <br />$ 59,051 <br />2,397,500 <br />176,952 <br />388,388 <br />Amounts due to other governmental units as of December 31, 2015 were as follows: <br />Washington <br />Fund Type County <br />General $ 431,282 <br />Proprietary <br />45 <br />State of Metropolitan <br />Minnesota Council Total <br />$ 3,183 $ 19,681 $ 454,146 <br />10,586 10,586 <br />