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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 <br />Major Governmental Fund <br />Public Improvement Revolving <br />Fund Capital Project Fund <br />Major Governmental Fund <br />Public Improvement Revolving Fund <br />Capital Project Fund <br />Nonmajor Governmental Fund <br />Economic Development Authority <br />Special Revenue Fund <br />Nonmajor Governmental Fund <br />State -Aid Construction <br />Capital Project Fund <br />Parable Fund <br />Amount <br />Major Governmental Fund $ 23,203 <br />Public Improving Revolving The COR <br />Fund Capital Project Fund <br />Nonmajor Governmental Fund 514,336 <br />Center Street <br />Capital Project Fund <br />Major Governmental Fund 19,872 <br />Tax Increment <br />Special Revenue Fund <br />Nonmajor Governmental Fund 394,870 <br />2012 Riverdale Drive <br />Capital Project Fund <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 <br />Payable Fund <br />Amount <br />Major Proprietary Fund: Sewer Utility General Fund <br />Major Proprietary Fund: Water Utility Major Special Revenue Fund: COR Land <br />Major Proprietary Fund: Sewer Utility Major Special Revenue Fund: COR Land <br />Major Proprietary Fund: Water Utility Nonmajor Capital Project Fund: Public <br />Facilities Construction Fund <br />$ 748.805 <br />886,135 <br />886,135 <br />513,737 <br />$ 3.034,812 <br />$ 952,281 <br />Purpose <br />Internally finance facility loan <br />Internally finance development land <br />purchase <br />Internally finance development land <br />purchase <br />Internally finance facility loan <br />72 <br />