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IThe following information applies to the questions displayed below. The Albertville City Council decided to pool the investments of its General Fund with Albertville Schools
IThe following information applies to the questions displayed below. The Albertville City Council decided to pool the investments of its General Fund with Albertville Schools and Richwood Township in an investment pool to be managed by the city. Each of the pool participants had reported its investments at fair value as of the end of 2016. At the date of the creation of the pool, February 15, 2017, the fair value of the investments of each pool participant was as follows: Investments 12/31/16 $ 894,500 $ 922,500 City of Albertville General Fund Albertville Schools 209,000 4,335,750 Richwood Township Total $9,083,500 $9,225,000
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