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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 December 31, 2021, the City held <br />commercial paper issued by Credit Suisse First Boston in New York that represented 5.7 percent of the <br />investment portfolio. <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 <br />Nonmajor Governmental Fund <br />Economic Development Authority <br />Special Revenue Fund <br />Payable Fund Amount <br />Major Governmental Fund <br />Tax Increment <br />Special Revenue Fund <br />This internal loan was utilized for cash flow purposes. <br />B. Advances To and From Other Funds <br />$ 29 984 <br />Individual interfund advances to and from other funds at year-end were as follows: <br />Receivable Fund Payable Fund Amount Purpose <br />Major Enterprise Fund; Nonmajor Capital Project Fund; <br />Water Utility Public Facilities Constniction <br />The fund is to be repaid by 2028 with a stated rate of interest of 2%. <br />$ 296,713 Internally finance facility loan <br />72 <br />