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NOTE 2 —DEPOSITS AND INVESTMENTS (CONTINUED)
<br />C. Investments
<br />The City has the following investments at year end:
<br />CreditRisk
<br />Fair Value
<br />Measurements
<br />Risk- Maturity
<br />in Years
<br />In ve s tme n t Typ e
<br />Ra tin g
<br />Agency
<br />Using
<br />Interest
<br />Less Than 1
<br />Duration
<br />Ito 5
<br />6 to 10 Total
<br />U.S. Agencies
<br />AAA
<br />Moody's
<br />Leve12
<br />$ 1,724,799
<br />$ 4,326,343
<br />$ - $ 610511142
<br />U.S. Treasuries
<br />AAA
<br />Moody's
<br />Level2
<br />$ 14,2829365
<br />$ -
<br />$ - 149282,365
<br />MunicipalBonds
<br />A -AAA
<br />Moodys
<br />Level2
<br />$ 1,399,502
<br />$ 11,771,085
<br />$ 4,206,204 17,376,791
<br />MunicipalBonds
<br />A -AAA
<br />S&P
<br />Level2
<br />$ 0011130
<br />$ 19,543,297
<br />$ 6174402 27,5891109
<br />Negotiable Certificates ofDeposit
<br />N/A
<br />N/A
<br />Level2
<br />$ 1,360,948
<br />$ 3,062,961
<br />$ - 4,423,909
<br />CommercialPaper
<br />Al
<br />S&P
<br />Levell
<br />$ 594,437
<br />$ -
<br />$ - 5941437
<br />Inve stment P ools
<br />Dreyfus Money Market Fund
<br />AAA
<br />S&P
<br />Levell
<br />$ 506,998
<br />$ -
<br />$ - 506,998
<br />Minnesota Munic ipalMoney Market
<br />4MPlus Fund
<br />N/R
<br />N/A
<br />Amortized Cost
<br />$ 985,724
<br />$ -
<br />$ - 985,724
<br />TermSeries
<br />N/R
<br />N/A
<br />Amortized Cost
<br />$ 21,000,000
<br />$ -
<br />$ - 21,000,000
<br />Morgan Stanley Money Market Fund
<br />AAA
<br />S&P
<br />Net Asset Value
<br />$ 5,886,888
<br />$ -
<br />$ - 5,886,888
<br />UBS SelectPrime InstitutionalFund
<br />AAA
<br />Moody's
<br />Net Asset Value
<br />$ 2,278,673
<br />$ -
<br />$ - 2,2781673
<br />To ta I In ve s tme nts
<br />$ 100,976,036
<br />The City's investments include the following investment pools:
<br />The Dreyfus Money Market Fund includes investments primarily in short-term, high -credit -quality money market
<br />instruments that invest domestically and globally in both long and short-term common stocks across all market
<br />capitalizations. The fund aims to preserve capital, maintain liquidity and produce a competitive yield. This is an
<br />external investment pool that operates in conformity with the Securities and Exchange Commission's rules. There are
<br />no withdrawal restrictions related to the fund. The City's investments in this investment pool are assigned a AAA
<br />rating by S&P.
<br />Investment pools managed by the Minnesota Municipal Money Market (4M) which is an external investment pool
<br />regulated by Minnesota Statutes and is not registered with the Securities and Exchange Commission (SEC) that
<br />follows the same regulatory rules of the SEC. The City's investments in this investment pool — 4M Plus Fund and
<br />Term Series are based on amortized cost methods that approximate fair value. The 4M Fund is sponsored by the
<br />League of Minnesota Cities. For this investment pool, there are no unfunded commitments, redemption frequency is
<br />daily, and there is no redemption notice required for the liquid class; the redemption period is 14 days for the Plus
<br />Class. The Term Series redemption is based on its stated term date.
<br />The Morgan Stanley Money Market Fund includes investments primarily in short-term, high -credit -quality money
<br />market instruments that invest domestically and globally in both long and short-term common stocks across all market
<br />capitalizations. The fund aims to preserve capital, maintain liquidity and produce a competitive yield. This is an
<br />external investment pool that operates in conformity with the Securities and Exchange Commission's rules. There are
<br />no withdrawal restrictions related to the fund. The City's investments in this investment pool are assigned a AAA
<br />rating by S&P.
<br />The UBS Select Prime Industrial Fund includes investments primarily in short-term, high -credit -quality money market
<br />instruments that invest domestically and globally in both long and short-term common stocks across all market
<br />capitalizations. The fund aims to preserve capital, maintain liquidity and produce a competitive yield. This is an
<br />external investment pool that operates in conformity with the Securities and Exchange Commission's rules. There are
<br />no withdrawal restrictions related to the fund. The City's investments in this investment pool are assigned a AAA
<br />rating by Moody's.
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