NOTES TO FINANCIAL STATEMENTS (In Thousands) NOTE 2. DEPOSITS AND INVESTMENTS Total deposits and investments as of June 30, 2018 and 2017, are summarized as follows: 2018 As reported in the Statements of Net Position: Cash and cash equivalents Long-term investments Cash deposited with financial institutions Cash deposited with Georgia Fund 1 Cash deposited with Georgia Extended Asset Pool Cash deposited in a revocable Rabbi Trust Investments in insurance contracts $ $ $ $ 365,038 15,515 380,553 50,232 299,568 - 15,238 15,515 380,553 $ $ $ $ 2017 214,443 98,410 312,853 46,926 152,453 84,025 15,064 14,385 312,853 Credit risk. State statutes authorize the Authority to invest in obligations of the State of Georgia or other states; obligations issued by the U.S. government; obligations fully insured or guaranteed by the U.S. government or by a government agency of the United States; obligations of any corporation of the U.S. government; prime bankers’ acceptances; the local government investment pool established by state law; repurchase agreements; and obligations of other political subdivisions of the State of Georgia. As of June 30, 2018, the Authority’s investment in the Rabbi trust was rated AAAm by Standard & Poor’s. As of June 30, 2018 and 2017, the Authority’s investment in Georgia Fund 1 was rated AAAf by Standard & Poor’s. As of June 30, 2017, the Authority’s investment in the Georgia Extended Asset Pool (GEAP) was rated AA+f by Standard & Poor’s. At June 30, 2018, the Authority had the following investments: Investment Investments valued at fair value: Georgia Fund 1 Rabbi Trust Total investments valued at fair value Investments valued at cash value Insurance contracts Total Maturities 10 day weighted average 60 day weighted average or less $ 299,568 15,238 314,806 15,515 $ 330,321 23
