If a fiduciary, rather than a governmental fund, indicate the type of fund. Briefly justify your response.

5. A county maintains an investment pool to which towns within its jurisdiction can deposit their cash reserves. Investment pool policies specify that it can invest only a securities that have shortterm maturities and satisfy other criteria that make them highly liquid. The pool is considered a trust and the assets are thereby protected from the claims of the government's creditors.

6. A county maintains an investment pool to which its various proprietary activities, such as its transportation service and its water utility can deposit their cash reserves. Investment pool policies specify that it can invest only in securities that have shortterm maturities and satisfy other criteria that make them highly liquid.