2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2025

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED)

B. Investments (Continued)

The City has the following recurring fair value measurements as of December 31, 2025:

Fair Value Measurement Using

Value

Level 1

Level 2

Level 3

Investments at Fair Value:

Certificate of Deposit

$

19,265,785

$

-

$

19,265,785

$

-

Agencies FFCB

8,344,176

- - - - - - -

8,344,176

- - - - - - - - -

FHLB FAMC

609,558

609,558

7,196,913 2,222,175 12,078,538 21,272,351 12,532,919 83,766,910 244,495

12,078,538 2,222,175 7,196,913

FHLMC FNMA

SBA

244,495

Municipal Bond US Treasury Notes

21,272,351

12,532,919 12,532,919

-

Total/Subtotal

$

$

71,233,991

$

Investments at Amortized Cost:

Money Market Fund Total

3,823,078 87,589,988

$

The Commission has the following recurring fair value measurements as of December 31, 2025:

Fair Value Measurement Using

Value

Level 1

Level 2

Level 3

Investments at Fair Value:

Agencies

$

5,634,194

$

- -

$

5,634,194

$

- - - -

US Treasury Notes Municipal Bond

976,071

976,071

58,094,766 51,484,501

51,484,501 51,484,501

-

Total/Subtotal

$

$

6,610,265

$

Investments at Amortized Cost: 4M

2,720,292 9,378,888 4,450,795

4M Plus

Money Market Fund Commercial Paper

378,213

Total

$

75,022,954

66