HomeMy WebLinkAbout[05b] Financial ReportCity of St. Joseph, Minnesota
Cash Position
As of 6/30/10
First State BanMaturity DatInteresCurrent Balance# Securities% of Total
ket
Checking Account (Reconciled)N/A0.26%135,156$ N/A
Money Market SavingsN/A1.37%2,115,010 N/A
avg
Bank Certificates of DepositTiered 3-31 months3.22% 124,382,621
averages15 months2.88%
$6,632,787
Total FSB
63%
Central MN Federal Credit Union
Share Savings AccountN/A0.78%15$ N/A
Money Market SavingsN/A1.65%240,313 N/A
Power Money Market CheckingN/A1.65%2,004,270 N/A
avg
Jumbo Bank Certificates of Deposit42 months4.36% 1223,002
averages42 months2.55%
$2,467,599
Total CMFCU
24%
Total Deposits9,100,386$
Salomon Smith Barne
y
Brokered Money Market SavingsN/A0.30%10,582$ N/A
avg
Government Securities/Notes78 months2.88% 2246,699
avg
Brokered Certificates of DepositTiered 3-53 months4.64% 111,097,075
averages37 months4.06%
Total SSB
$ 13%1,354,356
Northland Securities
Brokered Money Market SavingsN/A0.00%1,832$ N/A
avg
Brokered Certificates of DepositN/AN/A 0-
averages0.00%
N/A
Total NS
$ 0%1,832
Total Investments1,356,188$
Total Deposits and Investments$10,456,575
Average Interest APY2.37%
Cash and Investment Balance10,456,575
Petty Cash
AdministrationN/AN/A200$
Police DepartmentN/AN/A75
Total Petty Cas$275
h
Custodial Credit Risk: All deposits and investments insured by FDIC/SPIC/NCUSIF or secured by perfected pledged collateral.
Interest Rate Risk: The City is not exposed to interest rate risk because the City does not invest in highly
sensitive, interest fluctuating investments. The City attempts to purchase longer termed investments
when the interest rates are favorable and depending on cash flow needs to lock into a favorable rate.
Credit Risk: There are no instruments exposed to credit risk.
Maturity
Concentration of Credit Risk: The City invests in various instruments and several financial institutions.
$ SecuritiesAverages
Brokered Money Markets12,414$ 0%N/A
(over 5% of investment portfolio)
Brokered Certificates of Deposit1,097,075$ 10%2.5 years
(over 5% of investment portfolio)
Government Bonds/Notes246,699$ 18%6.5 years
State/Local Government Securities-$ 0%N/A
Foreign Currency Risk: The City only invests in USA and USA territories.
ëø¾÷æí
ëø¾÷æì
ëø¾÷æë
ëø¾÷æê
ëø¾÷æé
ëø¾÷æè
ëø¾÷æç
ëø¾÷æïð
ëø¾÷æïï
ëø¾÷æïî
ëø¾÷æïí
ëø¾÷æïì
ëø¾÷æïë
ëø¾÷æïê
ëø¾÷æïé
ëø¾÷æïè
ëø¾÷æïç
ëø¾÷æîð