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NOTE 2 — DEPOSITS AND INVESTMENTS (CONTINUED)
<br />C. Investments
<br />The City has the following investments at year end:
<br />htvestmentType
<br />U.S. Agencies
<br />U.S. Tre a s u rie s
<br />Munk ipalBonds
<br />Municipal Bonds
<br />Negotiable Certificates ofDeposit
<br />CommercialPaper
<br />InvcstmcntPools
<br />Dreyfus Money Market Fund
<br />Minnesota Municipal Money Market
<br />4117PIus Fund
<br />TerrSeries
<br />Morgan Stanley Money Market Fund
<br />UBS Select Prime InstitutionalFund
<br />To to 1 hive s tme n is
<br />S'rrditRisk
<br />Rating Agency
<br />AAA Moody's
<br />AAA Moody's
<br />A- AAA Moodys
<br />A -AAA S&P
<br />N/A N/A
<br />Al S&P
<br />Fa ir Va lue
<br />Measurements Interest Risk- Maturity Duration in Years
<br />Using Less Than 1 lto 5
<br />Leve12 S 1,724,799 $ 4,326,343 $
<br />Lcvc12 S 14,282,365 $ - $
<br />Leve12 S 1,399,502 $ 11,771,085 $
<br />Levell S 1,3(11,13(1 $ 19,543,297 $
<br />Levell S 1,360,948 $ 3,062,961 $
<br />Levell S 594,437 $ - $
<br />AAA S&P Levell S 506,998 $ - $
<br />N/R N/A Amortized Cost S 985,724 $ - $
<br />N/R N/A Amortized Cost S 21,000,000 $ - $
<br />AAA S&P NetAssetValue S 5,886,888 $ - $
<br />AAA Moody's Net Asset Value S 2,278,673 $ - $
<br />The City's investments include the following investment pools:
<br />6 to 10
<br />4,206,204
<br />6,744,682
<br />To to
<br />$ 6,051,142
<br />14,282,365
<br />17,376,791
<br />27,589,109
<br />4,423,909
<br />594,437
<br />506,998
<br />985,724
<br />21,000,000
<br />5,886,888
<br />2,278,673
<br />$ 100,976,036
<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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