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CITY OF PLEASANTON <br /> <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2022 <br /> <br />  <br />Note 2: Cash and Investments (Continued) <br /> <br />At June 30, 2022, the City’s pooled cash and investments consisted of the following: <br /> <br />Fair Value at <br />June 30, 2022 <br />7,625$ <br />Restricted Cash 438,935 <br />13,060,248 <br />Total Deposits 13,506,808 <br />US Government Agencies 151,737,495 <br />Medium-Term Corporate Notes 39,393,358 <br />Non-Negotiable Certificates of Deposit 519,165 <br />California Local Agency Investment Fund 34,549,389 <br />Supranationals 913,490 <br />PARS Trust - Mutual Funds 43,293,783 <br />Total Investments 270,406,680 <br />283,913,488$ Total City Treasury <br />Deposits: <br />Cash on Hand <br />Investments <br />Deposits with Banks <br /> <br />a. Deposits <br /> <br />As of June 30, 2022, the book value of the City’s cash with banks and petty cash was <br />$13,506,808 and the associated bank balances were $19,414,311. The difference between <br />the bank balance and the City's carrying amount represents outstanding checks and <br />deposits in transit. Of the bank balance, $1,138,911 was covered by federal depository <br />insurance and $18,997,798 was collateralized by the pledging financial institutions as <br />required by Section 53652 of the California Government Code. The California <br />Government Code requires California banks to secure a City’s deposits by pledging <br />government securities with a value of 110 percent of a City’s deposits, or by pledging first <br />trust deed mortgage notes having a value of 150 percent of a City’s total deposits. <br /> <br />b. Investments <br /> <br />Under the provisions of the City’s investment policy, and in accordance with Section 53601 <br />of the California Government Code and Section 115 of the Internal Revenue Code, the <br />City may invest or deposit in the following: <br /> <br /> Banker’s acceptances <br /> Commercial paper <br /> Local Agency Investment Fund <br /> Mutual funds <br /> Medium-term corporate notes <br /> Money market funds <br /> Negotiable certificates of deposit <br /> Repurchase agreements <br /> Securities of the Federal government or its agencies <br /> Supranational Organizations Securities <br /> PARS Section 115 Pension Trust Fund (See Note 11a) <br />65