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CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(4) Detailed Notes on All Funds, continued <br /> (A) Equity in Pooled Cash and Investments, continued <br />Investments <br />As of June 30, 2007, the City held the following investments and maturities: <br />Weighted <br />average% of <br />Carryingmaturityinvestment <br />Investment typevaluein yearsportfolio <br />Corporate securities$40,531,9420.42824.2% <br />Local government investment pool6,779,2980.0034.1% <br />Municipal bonds8,766,3330.4805.3% <br />U.S. agency securities106,667,3170.70064.0% <br />U.S. treasury securities4,048,2632.1612.4% <br />Total$166,793,1530.630100.0% <br />The "weighted average maturity in years" calculation assumes that all investments are held <br />until maturity. <br />Interest Rate Risk <br />As a means of limiting its exposure to losses arising from rising interest rates, the City’s investment policy limits <br />investment as follows: <br />MaximumMaximum <br />% oflength <br />Investment typeportfolioto maturity <br />Bankers' acceptances50%6 months <br />Corporate securities35%18 months <br />Local government investment pool100%1 day <br />State and local government obligations50%2 years <br />U.S. agency securities100%2 years <br />U.S. treasury securities100%3 years <br />With the exception of pass-through funds, the maximum amount of pooled investments to be placed in the <br />Local Government Investment Pool is limited by Oregon Statute to $39,836,066, which will increase <br />proportionately to the Portland Consumer Price Index. The limit can be temporarily exceeded for ten business <br />days and does not apply either to pass-through funds or to funds invested on behalf of another governmental <br />unit. <br />continued <br />ìè <br />