07 CAFR cover FINAL.p65 - WMATA.com

Washington Metropolitan Area Transit AuthorityFY 2007 Comprehensive Annual Financial Report(3) Cash, Deposits and Investments (Continued)Notes to Basic Financial StatementsJune 30, 2007 and 20064) Securities that qualify as lawful investments and may be accepted as security for fiduciary, trust and publicfunds under the control of the United States or any officer or officers thereof or securities eligible as collateralfor deposits of monies of the United States; or5) Bonds, debentures, notes or other evidences of indebtedness issued by a domestic corporation provided thatsuch obligations are nonconvertible and at the time of their purchase are rated in the highest rating categoriesby a nationally recognized bond rating agency.(a) Cash and DepositsThe Authority’s bank balances as of June 30, 2007 and 2006 are grouped to give an indication of the level ofcustodial risk assumed by the Authority as follows (in thousands):2007 2006Carrying Bank Carrying BankCash and Deposits Amount Balance Amount BalanceDeposits insured or collateralized $ 604 $ 674 $ 385 $ 530Deposits uninsured or uncollateralized 2,656 3,138 735 764Total deposits 3,260 3,812 1,120 1,294Cash on hand 6,316 - 6,342 -Total cash and deposits $ 9,576 $ 3,812 $ 7,462 $ 1,29431