Notes to Financial Statements
Note A - Significant Accounting Policies General: The Calvert Institutional Prime Fund (the "Fund"), the sole
series of Calvert Cash Reserves, is registered under the Investment Company Act of 1940 as a diversified, open-
end management investment company. The Fund offers shares of beneficial interest to the public with no sales
Security Valuation: Securities are valued at amortized cost which approximates market.
Repurchase Agreements: The Fund may enter into repurchase agreements with recognized financial institutions or
registered broker/dealers and, in all instances, holds underlying securities with a value exceeding the total
repurchase price, including accrued interest. Although risk is mitigated by the collateral, the Fund could
experience a delay in recovering its value and a possible loss of income or value if the counterparty fails to
perform in accordance with the terms of the agreement.
Security Transactions and Investment Income: Security transactions are accounted for on trade date. Realized
gains and losses are recorded on an identified cost basis. Interest income, accretion of discount and amortization
of premium are recorded on an accrual basis.
Distributions to Shareholders: Distributions to shareholders are recorded by the Fund on ex-dividend date.
Dividends from net investment income are accrued daily and paid monthly. Distributions from net realized capital
gains, if any, are paid at least annually. Distributions are determined in accordance with income tax regulations
which may differ from generally accepted accounting principles; accordingly, periodic reclassifications are made
within the Fund's capital accounts to reflect income and gains available for distribution under income tax
Estimates: The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amount of assets and liabilities