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� I <br /> Total Town's Town's <br /> Related Entity Principal Percent Share <br /> Barnstable County $ 1,100,000 5.6 $ 61.600 <br /> 12. Collateralization of Cash Balance <br /> State and local statutes place certain limitations on the nature of deposits <br /> and investments available to the Town. Deposits in any one financial <br /> institution may not exceed certain levels within the financial institutions. <br /> Investments can be made in securities issued by or unconditionally <br /> guarenteed by the U.S. Government or agencies that have a maturity of less <br /> s� <br /> than one year from the date of purchase and repurchase agreements <br /> guaranteed by such securities with maturity dates of no more than 90 days <br /> from the date of purchase. <br /> The carrying amount of the Town's deposits with financial institutions was <br /> $ 6,242,251. The bank balance $ 6,956,344 was and is categorized as <br /> follows: <br /> r Amount insured by the FDIC, FSLIC, and <br /> `= DIFM, or collateralized with securities <br /> held by the Town in its name $ 5,893,620 <br /> Uncollateral ized 1,062,724 <br /> Total Bank Balance $ 6,956,344 <br /> 13. Contingent Liabilities <br /> Amounts received or receivable from grantor agencies are subject to audit <br /> and adjustment by grantor agencies, principally the federal government. Any <br /> disallowed claims, including amounts already collected, may constitute a <br /> liability of the applicable funds. The amount, if any, of expenditures which <br /> may be disallowed by the grantor cannot be determined at this time although <br /> the Town expects such amounts, if any, to be immaterial. <br /> The Town is a defendant in various lawsuits which arise in the normal course <br /> of business. The probable outcome of these cases and extent of insurance <br /> coverage, if any, is not determinable at the present time. <br /> - <br /> 18 - <br />