VILLAGE OF GRAFTON NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended December 31, 2016 NOTE III - DETAILED NOTES ON ALL FUNDS A. DEPOSITS AND INVESTMENTS The village's deposits and investments at year end were comprised of the following: Carrying Value Statement Balances Associated Risks Deposits $ 21,653,886 $ 21,759,262 Custodial credit risk US agencies 2,715,636 2,715,636 Credit risk, custodial credit risk - investments, interest rate risk, investment highly sensitive to interest rate changes Certificates of deposit - negotiable 1,589,613 1,589,613 Credit risk, custodial credit risk - investments, interest rate risk, investment highly sensitive to interest rate changes US treasuries 1,994,624 1,994,624 Interest rate, custodial credit risk - investments, investments highly sensitive to interest rate changes LGIP 720,987 720,987 Credit risk Repurchase agreements - US agencies 31,811 31,811 Interest rate, custodial credit risk Petty cash 1,534 - N/A Total Deposits and Investments $ 28,708,091 $ 28,811,933 Reconciliation to financial statements Per statement of net position Unrestricted cash and investments $ 18,167,576 Restricted cash and investments 1,674,839 Per statement of assets and liabilities - agency fund Agency Fund 8,865,676 Total Deposits and Investments $ 28,708,091 Deposits in each local and area bank are insured by the FDIC in the amount of $250,000 for time and savings accounts (including NOW accounts) and $250,000 for demand deposit accounts (interest-bearing and noninterest-bearing). In addition, if deposits are held in an institution outside of the state in which the government is located, insured amounts are further limited to a total of $250,000 for the combined amount of all deposit accounts. 60