On April $15,$ the City of Old Putz invests its $$available$$ excess cash with an investment broker.

The investment broker then purchases $90-$day commercial paper from a set of $$blue chip$$ companies. On

June $30,$ the last day of the City$$s fiscal year, the City planned to $$roll over$$ the commercial paper when

they mature. However, interest rates fell dramatically in late June resulting in a lower value for the

$$maturing$$ commercial paper. More importantly, the City now expects to receive a much lower return on

its investment after reinvestment. Should the City make any disclosures or adjustments regarding these

transactions?