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<br />CITY OF LA PORTE, TEXAS
<br />Notes to the Financial Statements
<br />September 30, 2008
<br />
<br />2. Cash, Cash Equivalents and Investments - Continued
<br />
<br />Deposit and Investment Amounts
<br />
<br />At year-end, the City recorded cash on hand, demand deposits, certificates of deposit, balances in
<br />privately managed public funds investment pools, money market mutual funds, and investments stated
<br />at fair value of $58,967,029.
<br />
<br />The following schedule shows the City's recorded cash and investments at year-end:
<br />
<br /> Cash
<br /> Bank
<br /> Deposits Pooled Funds Investments Total
<br />General $ 597,197 $11,905,104 $ 2,363,294 $14,865,595
<br />Debt Service 80,252 1,600,311 317,085 1,997,648
<br />Capital Projects 455,092 18,628,301 1,799,677 20,883,070
<br />Special Revenue Funds 613,523 5,829,954 1,154,804 7,598,281
<br />Total Governmental Funds 1,746,064 37,963,670 5,634,860 45,344,594
<br />Internal Service Funds 297,396 5,930,827 1,174,626 7,402,849
<br />Total Governmental Activities 2,043,460 43,894,497 6,809,486 52,747,443
<br />Enterprise 250,820 3,796,302 2,172,464 6,219,586
<br />Total $ 2,294,279 $ 47,690,800 $ 8,981,950 $ 58,967,029
<br />
<br />Quoted market prices are the basis of the fair value for US Agency securities and commercial paper. The
<br />amount of increase or decrease in the fair value of investments during the current year is included in the
<br />City's investment income as follows:
<br />
<br />Interest income
<br />Net increase (decrease) in fair value of in\testments
<br />Total in\testment income
<br />
<br />$ 1,966,995
<br />(18,050)
<br />$ 1,948,945
<br />
<br />I nvestment Risks
<br />
<br />At year-end, the City had the following investments, shown below for all funds by investment type:
<br />
<br />Investment Type
<br />Public funds investment pools
<br />US Agency securities
<br />Total
<br />
<br />$
<br />$
<br />
<br />Fair Value
<br />47,690,800
<br />8,981,950
<br />56,672,750
<br />
<br />54
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