Investment Performance Statements

Local Government Investment Pools

At June 30, 2013, the District had $5,887,901 and $248,747, respectively, invested in the Colorado Local Government Liquid Asset Trust (COLOTRUST) and the Colorado Surplus Asset Fund Trust (CSAFE), investment vehicles established for local government entities in Colorado to pool surplus funds.  The Colorado Division of Securities administers and enforces the requirements of creating and operating the Pools.  The Pools operate in conformity with the Securities and Exchange Commission’s Rule 2a-7 as promulgated under the Investment Company Act of 1940, as amended.  The Pools are rated AAAmby Standard and Poor’s and have maturities of less than one year.  Investments of the Pools are limited to those allowed by State statutes.  A designated custodial bank provides safekeeping and depository services in connection with the direct investment and withdrawal functions.  The custodian’s internal records identify the investments owned by the participating governments.  More information on these local government investment pools can be found at www.colotrust.com and www.csafe.org.

COLOTRUST and CSAFE are routinely monitored by the Colorado Division of Securities with regard to their operations and investments, which are also subject to provisions of Colorado Revised Statutes (CRS) Title 24, Article 75, Section 6.  The fair value of the investments in COLOTRUST and CSAFE is the same as the value of the pool shares.  None of these types of investments are categorized because they are not evidenced by securities that exist in physical or book entry form.

Restricted Cash and Investments

As of September 12, 2013, the District expended all restricted cash for capital purposes.