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1 <br />CITY OF RAMSEY, MINNESOTA <br />I NOTES TO FINANCIAL STATEMENTS <br />December 31, 1994 <br />I Note 2. DEPOSITS AND INVESTMENTS (Continued) <br />I B. Investments (continued) <br />* Futures contracts sold under authority of Minnesota Statutes Section 471.56, Subdivision 5. <br />I The City's investments are categorized below to give an indication of the level of custodial credit risk assumed at <br />year -end. Category 1 includes investments that are insured or registered or for which the securities are held by the <br />City or its agent in the City's name. Category 2 includes uninsured and unregistered investments for which the <br />securities are held by the counterparty's trust department or agent in the City's name. Category 3 includes <br />I uninsured and unregistered investments for which the securities are held by the counterparty or by its trust <br />department or agent but not in the City's name. <br />I Investment balances at December 31, 1994, are as follows: <br />Custodial Credit Risk Category Carrying Market <br />1 2 3 Value Value <br />I U.S. Government & <br />Federal Agency <br />Securities $ 13,775,728 $ - $ $ 13,775,728 $ 12,803,353 <br />I Certificates of <br />Deposit (Through <br />Counterparty) 1,662,407 1,662,407 1,680,037 <br />I Commercial Paper & — <br />Discount Notes 1,838,624 207 1,838,831 1,852,182 <br />Total $ 17,276,759 $ - $ 207 $ 17,276,966 $ 16,335,572 <br />I Investment Pools <br />Unclassified <br />I Held by Deferred <br />Compensation <br />Trustees 612,278 612,278 <br />1 Total Investments $ 17,889,244 $16,947,850 <br />Total deposits 555,384 <br />I Petty cash fund 100 <br />Total Cash and <br />Investments $ 18,444,728 <br />Cash and investments are reported on the City's Combined Balance Sheet as follows: <br />Cash and <br />Investments $ 15,676,948 <br />Cash and Investments <br />' Held by Trustee 2,767,780 <br />$ 18,444,728 <br />1 <br />–15– <br />