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City of Redwood City
<br />Notes to the Basic Financial Statements
<br />For the fiscal year ended June 30, 2017
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<br /> NOTE 2 – CASH AND INVESTMENTS
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<br />The following is a summary of pooled cash and investments, including cash and investments with fiscal
<br />agent at June 30, 2017:
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<br />Governmental Business‐Type Fiduciary
<br />Activities Activities Funds Total
<br />$$$$
<br />Cash and investments 160,366,034 93,088,210 ‐ 253,454,244
<br />Restricted cash and investments 4,180,968 6,508,765 10,043,356 20,733,089
<br />Total cash and investments 164,547,002 99,596,975 10,043,356 274,187,333
<br />Government‐Wide Statement of Net Position
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<br />Cash and investments as of June 30, 2017 consist of the following:
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<br />Deposits:
<br />Cash on hand 10,659$
<br />Deposits with financial institution 3,293,273
<br />Total deposits 3,303,932
<br />Investments:
<br /> San Mateo Investment Pool 45,476,002
<br />Local Agency Investment funds 77,966,510
<br />Federal Agency Securities 65,807,602
<br />U.S. Treasury Notes 58,483,915
<br />Corporate Notes 10,407,496
<br />Bank Acceptance 4,732,460
<br />Money Market 105,369
<br />Total investments 262,979,354
<br />Total City Treasury 266,283,286
<br />Cash with fiscal agent 7,904,047
<br />Total cash and investments 274,187,333$
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<br />A. Cash and Deposits
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<br />The carrying amount of the City’s cash and deposits, including restricted cash, was $3,293,273 at June 30,
<br />2017. Bank balances before reconciling items were $4,114,348 at June 30, 2017. Of the total bank
<br />balances, $500,000 was insured or held by the City or its agent in the City's name.
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<br />6.1.E. - Page 68
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