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TOWN OF DEBEQUE, COLORADO <br />NOTES TO FINANCIAL STATEMENTS - cor <br />December 31. 2004 <br /> I ��.� <br />NOTE B- CASH AND INVESTMENTS - continued ! <br />The composition of all cash and investments owned by the Town at December 31, 2004 consist of the <br />following: ' <br />Cash on hand and in banks , $ 311,313 <br />Investments, ColoTrust 1,034,911 <br />' $ 1,346,224 <br />The captions on the combined balance sheet related to cash and investments and the accounts in the <br />Total column are as follows: <br />Cash and investments <br />Restricted assets <br />$ 1,235,717 <br />110,507 <br />$ 1,346,224 <br />; ;,. <br />} <br />Colorado State statutes limit the Town to the following types of i <br />1. Obiigations of the United States or obligations uncor <br />United States. <br />2. Bonds of the State of Colorado and its subdivisions. <br />3. Certain obligations secured by mortgages. <br />4. Certain various other investments. <br />---� <br />y guaranteed by the <br />Colorado State Statutes require that all deposits be secured by Federal Deposit Insurance or secured <br />by collateral. The Statues require a financial institution to secure 100% of the aggregate amount of <br />public funds held which exceed the amount insured by Federal Deposit Insurance. Deposits must be <br />made in financial institutions in the State of Colorado. ', <br />, <br />17 <br />