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<br /> P~_,DEVF_,LOPM~_,NT AGENCY O~ ~ cYr~ OF ~_,DWOOD C~
<br /> Notes to Component Unit Financial Statements
<br />
<br />[NOTE 2- CASH AND INVESTMENTS (Continued) ]
<br />
<br /> The Financial Statement presentation of cash and investments at June 30, 2001 is as follows:
<br />
<br /> Available for
<br /> operations Restricted Total
<br /> Special Revenue Funds $6,573,502 $6,573,502
<br /> Debt Serv/ce Funds $1,543,679 1,543,679
<br /> Capital Projects Funds 146,092 146,092
<br /> Total $6,719,594 $1,543,679 $8,263,273
<br />
<br /> Included in the totals above at June 30, 2001 and 2000 were $1,543,679 and $1,591,921 m investments
<br /> held by fiscal agents which may only be used for specific capital outlays or for the payment of certain
<br /> bonds. These funds have been invested only as p,lmitted by specific State statutes governing their
<br /> investment or applicable Agency ordinance, resolution or bond indenture.
<br />
<br /> The Agency's investments are camed at fair value, as required by generally accepted accounting
<br /> principles. The Agency adjusts the carrying value of its investments to reflect their fair value at each
<br /> fiscal year end, and it includes the effects of these adjustments in income for that fiscal year.
<br />
<br /> The City and the Agency are voluntary participants in the Local Agency Investment Fund (LAIF) that is
<br /> regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State
<br /> of California. The City and the Agency report their investment in LAIF at the fair value amount provided
<br /> by LAIF. The balance available for withdrawal is based on the accounting records maintained by LAIF,
<br /> which are recorded on an amortized cost basis. Included in LAIF's investment portfolio are collateralized
<br /> mortgage obligation, mortgage-backed securities, other asset-backed securities, loans to certain state
<br /> funds, and floating rate securities issued by federal agencies, government-sponsored enterprises, and
<br /> corporations.
<br />
<br /> The City and the Agency are also a voluntary participant in the San Mateo County Investment Fund
<br /> (County Pool) that is regulated by California Government Code Section 16429 under the oversight of the
<br /> Treasurer of the County of San Mateo. The City and the Agency report their investment in the County
<br /> Pool at the fair value amount provided by the County. The balance available for withdrawal is based on
<br /> the accounting records maintained by the County Pool, which are recorded on an amortized cost basis.
<br /> Included in the County Pool's investment portfolio are US Treasury Notes, Obligations issue by agencies
<br /> of the United States Government, LAIF, Corporate Notes, Commercial Paper, collateralized mortgage
<br /> obligations, mortgage-backed securities, other asset-backed securities, and floating rate securities issued
<br /> by federal agencies, government-sponsored enterprises, and corporations.
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