C153316 Financials 2009/2010 - Laserfiche WebLink

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Winter Park Water and Sanitation District NOTES TO FINANCIAL STATEMENTS (continued) December 31, 2010 and 2009 Colorado revised statutes limit investment maturities to five years or less unless formally approved by the Board of Directors. Such actions are generally associated with a debt service reserve or sinking fund requirements. Revenue bonds of local government securities, corporate and bank securities and guaranteed investment contracts not purchased with bond proceeds are limited to maturities of three years or less. I Colorado statutes specify investment instruments meeting defined rating and risk criteria in which local governments may invest including the following: . Obligations of the United States and certain U.S. government agency securities . Certain international agency securities . General obligation and revenue bonds of U.S. local government entities . Bankers' acceptances of certain banks . Commercial paper . Written repurchase agreements collateralized by certain authorized securities . Certain money market funds . Guaranteed investment contracts . Local government investment pools ' The local government investment pools, which include the Colorado Surplus Asset Fund Trust (CSAFE) and the Colorado Local Government Liquid Asset Trust (Colotrust), are both rated AAAm by Standard & Poor's As of December 31, 2010 and 2009, the District had the following investments, recorded at fair value: Investment Maturity 2010 2009 U.S. government/agency securities Less than 5 years $ 1,450,000 $ - Colorado Surplus Asset Fund Weighted average 1,348,706 1,546,618 Trust(CSAFE) under 60 days Colorado Liquid Asset Trust Less than 1 year 1,883,766 1,794,960 (Colotrust) Total investments $ 4,682,472 $ 3,341,578 U.S. Government and U.S. Government Agency Securities As of December 31, 2010, the District invested $1,200,000 in U.S.Government agency ' securities rated AAA by Fitch and Aaa by Moody's, and $250,000 in U.S. Government securities. 16