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Accounting Policies: Cash and Cash Equivalents (Policies)

6 Months Ended

Jun. 30, 2013

Cash and Cash Equivalents

Cash and cash equivalents

We consider cash equivalents to be highly liquid investments with the original maturity dates of 90 days or less.

At June 30, 2013, cash was held in a total of three accounts maintained at one financial institution with an aggregate balance of approximately 359,000.. Bank accounts are federally insured up to $250,000 by the FDIC. At June 30, 2013, the aggregate cash balances were as follows:

*Balance at June 30,*		*2013*
Total bank balance		$	359,000
FDIC insured		$	(250,000	)
Uninsured amount		$	109,000

The Partnership believes it mitigates the risk of holding uninsured deposits by depositing funds with more than one institution and by only depositing funds with major financial institutions. The Partnership deposits its funds with two institutions that are Moody's Aaa-and Aa3 Rated. The Partnership has not experienced any losses in such accounts, and believes it is not exposed to any significant credit risk. The amounts in such accounts will fluctuate throughout 2013 due to many factors, including cash receipts, equipment acquisitions, interest rates and distributions to investors.

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

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