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NOTE 2—DEPOSITS AND INVESTMENTS (CONTINUED) <br /> Concentration risk — This is the risk associated with investing a significant portion of the City's <br /> investment (considered 5 percent or more) in the securities of a single issuer, excluding United States <br /> guaranteed investments (such as Treasuries), investment pools and mutual funds. The City's <br /> investment policies do not limit the concentration of investments. At year end,the City's investment <br /> portfolio included 15% concentration in Federal Home Loan Banks and 7% in Federal National <br /> Mortgage Association. <br /> Interest rate risk—This is the risk of potential variability in the fair value of fixed rate investments <br /> resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the <br /> greater the risk). The City does not have an investment policy limiting the duration of investments. <br /> NOTE 3—INTERFUND RECEIVABLES,PAYABLES,AND TRANSFERS <br /> A. Short-Term Interfund Receivables/Payables <br /> Individual interfund due from and to other funds at year-end were as follows: <br /> Receivable Fund Payable Fund Amount <br /> Major Governmental Fund Major Governmental Fund $ 23,203 <br /> Public Improvement Revolving Public Improving Revolving The COR <br /> Fund Capital Project Fund Fund Capital Project Fund <br /> Major Governmental Fund Nonmajor Governmental Fund 514,336 <br /> Public Improvement Revolving Fund Center Street <br /> Capital Project Fund Capital Project Fund <br /> Nonmajor Governmental Fund Major Governmental Fund 19,872 <br /> Economic Development Authority Tax Increment <br /> Special Revenue Fund Special Revenue Fund <br /> Nonmajor Governmental Fund Nonmajor Governmental Fund 394,870 <br /> State-Aid Construction 2012 Riverdale Drive <br /> Capital Project Fund Capital Project Fund <br /> $ 952,281 <br /> These internal loans were utilized for cash flow purposes. <br /> B. Advances To and From Other Funds <br /> Individual interfund advances to and from other funds at year-end were as follows: <br /> Receivable Fund Payable Fund Amount Purpose <br /> Major Proprietary Fund;Sewer Utility General Fund $ 748,805 Internally fmance facility loan <br /> Major Proprietary Fund;Water Utility Major Special Revenue Fund;COR Land 886,135 Internally fmance development land <br /> purchase <br /> Major Proprietary Fund;Sewer Utility Major Special Revenue Fund;COR Land 886,135 Internally fmance development land <br /> purchase <br /> Major Proprietary Fund;Water Utility Nonmajor Capital Project Fund;Public 513,737 Internally fmance facility loan <br /> Facilities Construction Fund <br /> $ 3,034,812 <br /> 72 <br />