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CITY OF RAMSEY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31,1997
<br />Note 2. DEPOSITS AND INVESTMENTS (continued)
<br />B. Investments (continued)
<br />Investment balances at December 31, 1997, are as follows:
<br /> Custodial Credit Risk Category Carrying Market
<br /> 1 2 3 Value Value
<br />U.S. Government &
<br />Federal Agency
<br />Securities $ 12,736,550 $ - $ - $ 12,736,550 $ 12,544,553
<br />Commercial Paper 1,000,000 1,000,000 996,314
<br />Certificates of Deposit 1,313,000 1,313,000 1,313,000
<br />State & Local
<br />Government
<br />Securities 265,000 - - 265,000 266,298
<br />Total $ 15,314,550 $ ~ - $ - $ 15,314,550 $ 15,120,165
<br />Unclassified Investment
<br />Pools
<br />4 M Liquid Asset Fund 306,122 306,122
<br />Held by Deferred
<br />Compensation
<br />Trustees 490,416 490,416
<br />Total Investments $ 16,111,088 $ 15,916,703
<br />Deposits
<br />Checking/Savings 2,874,367
<br />Certificates of Deposit 550,000
<br />Total Deposits 3,424,367
<br />Petty cash fund 125
<br />Total Cash and
<br />Investments $ 19,535,580
<br />Cash and investments are reported on the City's Combined Balance Sheet as follows:
<br />Cash and
<br />Investments $ 19,045,164
<br />Cash and Investments
<br />Held by Trustee 490,416
<br />$ 19,535,580
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