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Yuma County,Colorado <br /> Notes to the Financial Statements <br /> I December31, 2009 <br /> (Continued) <br /> I III. Detailed Notes on All Funds (continued) <br /> A. Deposits and Investments (continued) <br /> I Credit Risk. State law and County policy limit investments to those authorized by State <br /> statutes including U.S. agencies and 2a7-like pools. The County's general investment <br /> policy is to apply the prudent-person rule: Investments are made as prudent person <br /> would be expected to act, with discretion and intelligence, to seek reasonable income, <br /> Ipreserve capital, and, in general, avoid speculative investments <br /> Concentration of Credit Risk. The County diversifies its investments by security type and <br /> I institution. Investments may only be made in those financial institutions which are <br /> insured or issued by the Federal Deposit Insurance Corporations, the Federal Home <br /> Mortgage Association, the Federal Savings and Loan Insurance Corporation, and <br /> Congressional authorized mortgage lenders and investments that are federally <br /> I guaranteed. Financial institutions holding County funds must provide the County a copy <br /> of the certificate from the Banking Authority that states that the institution is an eligible <br /> public depository. <br /> IB. Receivables <br /> Receivables as of year-end for the County's funds are as follows. The County considers <br /> I all receivables collectible and therefore, has not provided a reserve for uncollectible <br /> accounts receivable. <br /> Road and Human Non-Major Grand <br /> I General Bridge Services Grant Funds Total <br /> Receivables: <br /> Taxes $ 7,021,566 1,063,008 420,327 - 630,491 9,135,392 <br /> Accounts 46,323 - - - 1,077 47,400 <br /> I Intergovernmental 124,163 134,413 28,331 40,952 327,859 <br /> Net receivables $ 7,067,889 1,187,171 554,740 28,331 672,520 9,510,651 <br /> IAt the end of 2009, deferred revenue is comprised of the following: <br /> Property taxes assessed but not collectible <br /> until 2010 $ 9,135,392 <br /> I Unearned rent revenue 4,750,000 <br /> Other unearned revenue 262,883 <br /> Total $ 14,148,275 <br /> I <br /> I <br /> I <br /> I <br /> I D9 <br />