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CITY OF SOUTH BEND <br />NOTES TO FINANCIAL STATEMENTS <br />(Continued) <br />The government's investments are categorized below to give an indication of the level of risk assumed <br />by the primary government at year end. Category 1 includes investments that are insured or <br />registered or for which the securities are held by the primary government or its agent in the gov- <br />ernment's name. Category 2 includes uninsured and unregistered investments for which the securi- <br />ties are held by the counterparty's trust department or agent in the government's name. Category 3 <br />includes uninsured and unregistered investments for which the securities are held by the counterparty, <br />or by its trust department or agent but not in the government's name. <br /> <br />U.S. Government securities <br />B. Receivables <br />The following receivable accounts have timing and credit characteristics different from typical <br />accounts receivable. <br />As of December 31, 2002, City funds recognized the following loan receivable balances. The <br />schedule shows the total receivable and the portion that is not due within one year. These loans were <br />for economic development projects. <br />Fund <br />Receivable Noncurrent <br />Special Revenue Funds: <br />Economic Development State Grants <br />Community Development <br />Urban Development Action Grant <br />Industrial Revolving <br />Capital Projects Funds: <br />TIF -Sample/Ewing <br />$ 4,819,518 $ 4,405,210 <br />2,346,863 2,123,400 <br />502,886 349,815 <br />5,116,841 2,912,017 <br />141,741 132,000 <br />Totals <br />C. Capital Assets <br />Capital asset activity for the year ended December 31, 2002, was as follows: <br />37 <br />