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NOTE 2 - DEPOSITS AND INVESTMENTS (CONTI31UED) <br /> <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 10.2% concentration in Fannie Maes, 13.5% in Freddie Mac's and 27.6% in <br />Federal Home Loan Bank notes. <br /> <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 /> <br />NOTE 3 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS <br />A. Short-Term Interfund Receivables/Payables <br /> <br />Individual intcrfund due from and to other funds at year-end were as follows: <br /> <br />Receivable Fund <br /> <br />Nonmajor Govemmental Fund <br /> Economic Development Authority <br /> Special Revenue Fund <br /> <br />Major Governmental Fund <br /> Public Improvement Revolving <br /> Fund Capital Project Fund <br /> <br />Major Governmental Fund <br /> Public Improvement Revolving <br /> Fund Capital Project Fund <br /> <br />Major Governmental Fund <br /> Public Improvement Revolving <br /> Fund Capital Project Fund <br /> <br />Payable Fund <br /> <br />Nonrmjor Governmental Fund <br /> Federal/State Ca'ants Special <br /> Revenue Fund <br /> <br />Nonrrajor Govemmental Fund <br /> Ebony Street Capital Project Fund <br /> <br /> Amount <br /> <br />$ 21,200 <br /> <br />$ 67,631 <br /> <br />Nonrmjor Governmental Fund $ 115,918 <br />State Highway 10 Capital Project Fund <br /> <br />Nonn~jor Governmental Fund <br /> Oak Terrace Estates Sewer & Water <br /> Capital Project Fund <br /> <br />$ 33O,425 <br /> <br />These internal loans were utilized for cash flow purposes. <br /> <br />-39- <br /> <br /> <br />