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CITY OF SANTA ANA, CALIFORNIA <br />AIR QUALITY IMPROVEMENT SPECIAL REVENUE FUND <br />NOTES TO FINANCIAL STATEMENTS <br />JUNE 30, 2025 <br />NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) <br />F. Estimates <br />The preparation of financial statements in accordance with accounting principles <br />generally accepted in the United States of America requires management to make <br />estimates and assumptions that effect certain reported amounts and disclosures. <br />Accordingly, actual results could differ from those estimates. <br />NOTE 3 CASH AND INVESTMENTS <br />AQMD's cash and investments balances are pooled with various other City funds for deposit <br />and investment purposes. Each fund's share of the pooled cash account is separately <br />accounted for, and investment income is apportioned to the participating funds based on the <br />relationship of their average daily balances to the total of the pooled cash and investments. <br />Information regarding the credit risk and authorized types of deposits and investments in the <br />City's pooled cash and investments is included in the City's Annual Comprehensive <br />Financial Report. This report can be obtained from the City of Santa Ana. <br />on <br />