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Notes to Basic Financial Statements For the Fiscal Year Ended June 30,2004
<br /> Investments are classified as to collateral risk into the following three categories: '
<br /> Category 1: Insured or registered,or securities held by the Town or its agent in the Towns name. '
<br /> Category 2: Uninsured and unregistered,with securities held by the counterparty's trust department or agent
<br /> in the Towns name.
<br /> Category 3: Uninsured and unregistered,with securities held by the counterparty,or its trust department or
<br /> agent but not in the Town's name.
<br /> At fiscal year-end,the carrying amount of deposits totaled$16,998,825 and the bank balance totaled$17,654,390. '
<br /> Of the bank balance,$3,182,796 was covered by Federal Depository Insurance and the Depositors Insurance Fund,
<br /> $9,887,269 was collateralized and$4,584,325 was uninsured and uncollateralized. ,
<br /> The following details the balance of cash and short-term investments and investments as reported on the basic
<br /> financial statements at June 30,2004:
<br /> Cash and '
<br /> Short-term
<br /> Investments Investments Total '
<br /> Checking,savings and NOW accounts................................ $ 1,940,475 $ $ 1,940,475
<br /> Certificates of deposit....................................................... 525,201 525,201 '
<br /> Money market deposits.................................................... 14,533,149 14,533,149
<br /> Total carrying amount of cash....................................... 16,998,825 16,998,825 ,
<br /> Investments not subject to categorization:
<br /> MMDT.......................................................................... 40 40 '
<br /> Money market mutual funds............................................. 35,959 35,959
<br /> Investments subject to categorization(Category ) '
<br /> U.S.government securities................................................ - 2,006,960 2,006,960 '
<br /> Total as reported on the basic financial statements
<br /> (including restricted amounts)....................................... $ 17,034,824 $ 2,006,960 $ 19,041,784 ,
<br /> Town of Mashpee,Massachusetts 30 Basic Financial Statements
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