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' I <br />TOWN OF DEBEQUE, COLORADO <br />NOTES TO FINANCIAL STATEMENTS - continued <br />December 31, 2005 <br />NOTE B- CASH AND INVESTMENTS - continued <br />The composition of all cash and investments owned by the Town at December 31, 2005 consist of the <br />� <br />following: <br />Cash on hand and in banks $ 207,733 <br />Investments, ColoTrust 795,681 <br />� $ 1,003,414 <br />Colorado State statutes limit the Town to the following types of investments: <br />l. Obligations of the United States or obligations unconditionally guaranteed by the <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 />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 />19 <br /> � <br />