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CITY OF SANTA ANA, CALIFORNIA <br /> AIR QUALITY IMPROVEMENT SPECIAL REVENUE FUND <br /> NOTES TO FINANCIAL STATEMENTS <br /> J U N E 30, 2021 <br /> NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) <br /> F. Estimates <br /> The preparation of financial statements in accordance with accounting principles <br /> generally accepted in the United States of America requires management to make <br /> estimates and assumptions that effect certain reported amounts and disclosures. <br /> Accordingly, actual results could differ from those estimates. <br /> NOTE 3 CASH AND INVESTMENTS <br /> AQMD's cash and investments balances are pooled with various other City funds for deposit <br /> and investment purposes. Each fund's share of the pooled cash account is separately <br /> accounted for, and investment income is apportioned to the participating funds based on the <br /> relationship of their average daily balances to the total of the pooled cash and investments. <br /> Information regarding the credit risk and authorized types of deposits and investments in <br /> the City's pooled cash and investments is included in the City's Annual <br /> Comprehensive Financial Report. This report can be obtained from the City of Santa Ana. <br /> City Council (9) 9 — 24 1/18/2022 <br />