HomeMy WebLinkAboutNC Comprehensive Report (Finance) (44)CITY OF NATIONAL CITY
Notes to the Basic Financial Statements
(Continued)
(2) Cash and Investments, (Continued)
Information about the sensitivity of the fair values of the City's investments (including
investments held by fiscal agent) to market interest rate fluctuations is provided by the
following table that shows the distribution of the City's investments by maturity:
Remaining Maturity (in Months)
Investment Type
U.S. Agency Securities
U.S. Treasury Securities
Certificates of Deposit-CDARS
Local Agency Investment Fund
County of San Diego Pool
Held by Fiscal Agent:
U.S. Agency Securities
Medium Term Note
Money Market Funds
Total
$ 17,110,787
4,422,482
2,000,000
35,418,487
5,000,000
4,205,454
2,344,000
1,261,215
Total $71,762,425
12 Months 13 to 24 25 to 60
or Less Months Months
6,768,732 4,196,273 6,145,782
2,03 5,992 1,001,199 1,385,291
2,000,000
35,418,487
5,000,000
2,344,000
1,261,215
4,205,454
54,828,426 5,197,472 11,736,527
Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its
obligation to the holder of the investment. This is measured by the assignment of a rating
by a nationally recognized statistical rating organization. Presented below is the
minimum rating required by (where applicable) the California Government Code, the
City's investment policy, or debt agreements, and the actual rating as of year end for each
investment type.
Investment Type
U.S Agency Securities
U.S. Treasury Securities
Certificates of Deposit-CDARS
Local Agency Investment Fund
County of San Diego Pool
Held by Fiscal Agent:
U.S Agency Securities
Medium Term Note
Money Market Funds
Total
Total
$ 17,110,787
4,422,482
2,000,000
35,418,487
5,000,000
4,205,454
2,344,000
1,261,215
$71,762,425
Minimum
Legal
Rating
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Rating as of Year
AAA AA+ to A
17,110,787
4,422,482 -
4,205,454
2,344,000
End
Not Rated
2,000,000
35,418,487
5,000,000
1,261,215
4,422,482 23.660.241 43,679,702
36