2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2024

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED)

B. Investments (Continued)

The City has the following recurring fair value measurements as of December 31, 2024:

Fair Value Measurement Using

Value

Level 1

Level 2

Level 3

Certificate of Deposit Investments at Fair Value: Agencies FFCB $

17,218,230

$

-

$

17,218,230

$

-

8,271,687

- - - - - - - -

8,271,687

- - - - - - - - - -

FAMC FHLB

607,434

607,434

2,066,757 13,755,301 8,829,426

8,829,426 2,066,757 13,755,301

FHLMC FNMA

SBA TVA

243,865 987,050

987,050 243,865

US Treasury Notes Total/Subtotal Municipal Bond

12,708,816 82,242,647 17,554,081

17,554,081

12,708,816 12,708,816

-

$

$

69,533,831

$

Investments at Amortized Cost:

Money Market Fund Total

5,051,249 87,293,896

$

The Commission has the following recurring fair value measurements as of December 31, 2024:

Fair Value Measurement Using

Value

Level 1

Level 2

Level 3

Investments at Fair Value:

Agencies

$

6,492,381

$

- -

$

6,492,381

$

- - - -

Municipal Bond US Treasury Notes

660,501

660,501

52,337,746 45,184,864

45,184,864 45,184,864

-

Total/Subtotal

$

$

7,152,882

$

Investments at Amortized Cost: 4M

3,292,189 72,170,229 4,936,879 2,609,275 8,994,140

4M Plus

Money Market Fund Commercial Paper

Total

$

68