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REDEVELOPMENT AGENCY OF SAN LEANDRO <br />NOTES TO THE FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2007 <br />2. CASH AND INVESTMENTS <br />Cash and investments at June 30, 2007, consisted of the following: <br />Cash and investments pooled with the City <br />Restricted cash and investments <br />Total cash and investments <br />$ 16,956,188 <br />7,914,204 <br />$ 24,870,392 <br />The Agency has pooled its cash and investments with the City in order to achieve a higher return on <br />investment. Certain restricted funds, which are held and invested by independent outside custodians through <br />contractual agreements, are not pooled. These restricted funds include cash with fiscal agents. <br />The investments made by the City are limited to those allowable under State statutes and include the <br />following types of investments: <br />U.S. Govemment Securities <br />Bankers' Acceptance <br />Commercial Paper <br />Medium-Term Notes <br />Repurchases Agreements <br />Deposits with Banks <br />State of California Local Agency Investment Fund <br />Passbook savings account demand deposits <br />Mutual funds investing in securities of the U.S. government or its agencies <br />The Agency does not have specific cash or investment accounts. See the City's Comprehensive Annual <br />Financial Report for disclosures related to cash and investments and the related custodial risk categorization. <br />As prescribed by Governmental Accounting Standards Boards Statement No. 40. <br />22 <br />