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NOTES TO THE FINANCIAL STATEMENTS (Continued)
<br /> The bank balance by type of credit risk and in total, and the carrying amount of pooled deposits are
<br /> summarized as followso-
<br /> r 2 3
<br /> Bank Balance Carrying Amount
<br /> Pooled deposits:
<br /> Demand deposits $ 1,767,809 $ $ $ 1,767,809 $ (1,705,872)
<br /> Cash on hand
<br /> Totalpooled deposits270,079
<br /> and cash on hand $ (1,435,793)
<br /> Pooled Investments/Credit Risk. Statutes authorize the City to invest in obligations of the U.S. Treasury
<br /> agencies and instrumentalities; commercial paper rated A-1 by Standard and Poor's Corporation or P-I
<br /> by Moody's Commercial Paper Record; bankers' acceptances; repurchase agreements; negotiable certificates
<br /> of deposits; medium term corporate notes of the highest quality; the State Treasurer's Pool; and the Orange
<br /> County Investment Pool.
<br /> The investments that are presented by specific identifiable investment securities are classified as to credit risk
<br /> by three categories as follows:
<br /> Category I: Insured or registered, or securities held by the City or by its agent
<br /> in the City's name
<br /> Category 2: Uninsured and unregistered with securities held by the counterparty's
<br /> trust department or agent in the City's name
<br /> Category 3: Uninsured and unregistered with securities held by the counterparty,
<br /> or by its trust department or agent but not in the City's name
<br /> Credit risk, carrying amount, and market value of pooled deposits and investments are summarized as follows
<br /> 2 3 Guying Amount Market value
<br /> Pooled investments:
<br /> Bankers' Acceptances $ 986,087 $ $ $ 986,087 $ 986,087
<br /> Securities of
<br /> government agencies 11,731,487 10,715,778 22,447,265 22,420,912
<br /> U.S.Government
<br /> Securities 2,003,281 5,463,957 7,467,238 7,907,687
<br /> Medium term
<br /> corporate notes 498,610
<br /> Commercial paper 498,610 498,610
<br /> City of Santa Ma water
<br /> revenue bonds 48,245 48,245 55,000
<br /> Total pooled investments $ 15,267,710 $ 16,179,735 $ 31,447,445 31,868,296
<br /> Deferred compensation deposits 24,095,745 24,095,745
<br /> Mutual Funds 132,951 132,951
<br /> Local Agency Investment Fund 30,000,000 30,000,000
<br /> Orange County Investment Pool 56,097,357 56,097,357
<br /> Total pooled investments $ 141,773,498 $ 142,194.349
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