2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2023

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED)

B. Investments (Continued)

The City has the following recurring fair value measurements as of December 31, 2023:

Fair Value Measurement Using

Level 1

Value

Level 2

Level 3

$ Certificate of Deposit Investments at Fair Value: Agencies FFCB

14,994,547

$

14,994,547

$

-

$

-

3,292,121 18,133,524 7,632,521 1,413,288 7,977,128

- - - - - - - - - -

948,490 7,632,521 247,555 13,971,098 22,810,750 3,292,121 18,133,524 1,413,288 7,977,128 91,421,022

- - - - - - - -

FHLB FAMC

FNMA FHLMC

TVA SBA

948,490 247,555

Municipal Bond US Treasury Notes Total/Subtotal

13,971,098

22,810,750 22,810,750

-

$

$

68,610,272

$

Investments at Amortized Cost:

Money Market Fund Total

4,909,540 96,330,562

$

The Commission has the following recurring fair value measurements as of December 31, 2023:

Fair Value Measurement Using

Value

Level 1

Level 2

Level 3

Investments at Fair Value:

Agencies

$

962,655 5,523,601 36,767,216 43,253,472

$

- -

$

5,523,601 962,655

$

- - - -

Municipal Bond US Treasury Notes

36,767,216 36,767,216

-

Total/Subtotal

$

$

6,486,256

$

Investments at Amortized Cost: 4M

2,480,034 8,546,272 9,208,430 63,488,208

4M Plus

Money Market Fund

Total

$

70