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IYuma County, Colorado <br /> Notes to the Financial Statements <br /> I December 31,2009 <br /> (Continued) <br /> Stewardship, Compliance, and Accountability (continued) <br /> III. <br /> C. Expenditures in Excess of Budget <br /> I For the year ended December 31, 2009, expenditures in the Human Services Fund <br /> exceeded budgeted appropriations by$263,865, which may be a violation of Colorado <br /> budget laws. <br /> ID. Deficit Fund Equity <br /> The Water Authority Public Improvement District had a deficit fund balance of$87,597 as <br /> I of December 31, 2009. <br /> III. Detailed Notes on All Funds <br /> IA. Deposits and Investments <br /> The County's deposits are entirely covered by federal depository insurance("FDIC")or by <br /> collateral held under Colorado's Public Deposit Protection Act("PDPA"). The FDIC <br /> I insures the first$250,000 of the County's interest-bearing deposits at each financial <br /> institution. Non-interest bearing deposit balances are fully insured by the FDIC. Interest- <br /> bearing deposit balances over$250,000 are collateralized as required by PDPA. The <br /> ICounty had the following deposits and investments and related maturities: <br /> Standard <br /> & Poors Carrying Less than Less than <br /> I Rating _ Amounts one year five years <br /> Deposits: <br /> Cash on hand Not Rated $ 4,878 4,878 - <br /> Checking Not Rated 331,414 331,414 <br /> Savings Not Rated 298,002 298,002 <br /> Certificates of deposit Not Rated 1,253,455 1,253,455 - <br /> Investments: <br /> I Pools AAAm 11,667,644 ' 11,667,644 <br /> Deposes held by Trustee Not Rated 7,630 7,630 <br /> Total $ 13,563,023 13,563,023 - <br /> IFinancial statement captions: <br /> Cash and investments: <br /> I Governmental funds $ 13,032,873 <br /> Fiduciary funds 513,840 <br /> Yuma County Water <br /> Authority 16,310 <br /> ITotal $ 13,563,023 <br /> The investment pools represent investments in COLOTRUST and C-SAFE which are <br /> I 2a7-like pools. The fair value of the pools is determined by the pools' share price. The <br /> County has no regulatory oversight for the pools. <br /> interest Rate Risk. As a means of limiting its exposure to interest rate risk, the County <br /> diversifies its investments by security type and institution, and limits holdings in any one <br /> type of investment with any one issuer. The County coordinates its investment maturities <br /> to closely match cash flow needs and restricts the maximum investment term to less than <br /> five years from the purchase date. As a result of the limited length of maturities the <br /> County has limited its interest rate risk. <br /> D8 <br />