2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2021

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED)

B. Investments (Continued)

The City has the following recurring fair value measurements as of December 31, 2021:

Fair Value Measurement Using

Level 1

Level 2

Level 3

Value

Investments at Fair Value:

Certificate of Deposit Agencies

$

7,263,643

$

-

$

7,263,643

$

-

FNMA FFCB FHLB

- - - - - - - - - -

493,770

- - - - - - - -

3,046,478 493,770 10,294,147

3,046,478 10,294,147

TVA

986,210

986,210

Agencies- Mortgage Backed

FHLMC FNMA

968,845

968,845

4,459,596

4,459,596

290,862

SBA

290,862

9,651,992

US Treasury Notes Total/Subtotal Municipal Bond

62,686,904 25,231,361 9,651,992

25,231,361 25,231,361

-

$

$

37,455,543

$

Investments at Amortized Cost:

Money Market Fund Total

3,834,270 66,521,174

$

The Commission has the following recurring fair value measurements as of December 31, 2021: Fair Value Measurement Using Value Level 1 Level 2 Level 3 Investments at Fair Value: Agencies 3,620,565 $ - $ 3,620,565 $ - $

US Treasury Notes Commercial Paper

37,223,204 53,817,587 12,973,818

12,973,818

37,223,204 37,223,204

-

- -

Total/Subtotal

$

$

16,594,383

$

Investments at Amortized Cost: 4M

359,878

4M Plus

8,008,785 2,385,557 64,571,807

Money Market Fund

Total

$

Publicly traded assets are valued in accordance with market quotation or valuation methods from services believed by our broker to be reliable. Assets, which are not publicly traded, may reflect values from other external sources or special valuations prepared by our broker. Assets for which a current value is not available may be reflected as not valued, at par value, or at a nominal value of $1.00.

64