Laserfiche WebLink
NOTE 2 — DEPOSITS AND INVESTMENTS (CONTINUED) <br />Cash and investment balances at December 31, 2003 are as follows: <br />Custodial Credit Risk Category Carrying Fair <br />I 2 3 Value Value <br />U.S. government securities $ 20,551,975 $ — $ — $ 20,551,975 $ 20,551,975 <br />Certificates of deposit 10,017,364 — — 10,017,364 10,017,364 <br />$ 30,569,339 $ — $ — 30,569,339 30,569,339 <br />Investment pools <br />Unclassified <br />4M Liquid Asset Fund 535,423 535,423 <br />Total investments 31,104,762 $ 31,104,762 <br />Deposits 5,534,858 <br />Cash on hand 325 <br />Total cash and investments $ 36,639,945 <br />Cash is comprised of the following: <br />Cash and temporary investments $ 35,225,126 <br />Cash and investments held by trustee 1,414,819 <br />$ 36,639,945 <br />The 4M Liquid Asset Fund is an external investment pool not registered with the Securities Exchange <br />Commission (SEC) that follows the same regulatory rules of the SEC under rule 2a7. The fair value of <br />the position in the pool is the same as the value of the pool shares. <br />NOTE 3 — INTERFUND RECEIVABLES AND PAYABLES <br />A. Short -Term Interfund Receivables/Payables <br />During the course of operations, numerous transactions occur between individual funds for goods <br />provided or services rendered. These receivables and payables are classified as "due from other funds" or <br />"due to other funds." <br />Individual interfund due from and to other funds at year -end were as follows: <br />Fund <br />Special Revenue <br />Minnesota Department of Natural Resources Grant <br />Economic Development Authority <br />Debt Service <br />2002A Capital Equipment Certificates <br />Capital Project <br />Section 22 Drainage District <br />Public Improvement Revolving <br />2003 Capital Equipment Certificates <br />-20- <br />Due From Due To <br />4,032 <br />15,901 <br />4,485 <br />$ 4,032 <br />4,485 <br />15,901 <br />$ 24,418 $ 24,418 <br />