NOTES TO FINANCIAL STATEMENTS
June 30, 1995
Delaware Group Limited-Term Government Funds, Inc. - Limited-Term Government Fund, (formerly known as
Delaware Group Treasury Reserves, Inc. - Treasury Reserves Intermediate Series) (the "Fund"), a series of
Delaware Group Limited-Term Government Funds, Inc., (the "Company"), is registered as a diversified open-
end investment company under the Investment Company Act of 1940. The Company is organized as a Maryland
corporation. The Fund offers three classes of shares.
1. SIGNIFICANT ACCOUNTING POLICIES The following accounting policies are in accordance with
generally accepted accounting principles and are consistently followed by the Fund for financial statement
SECURITY VALUATION - Securities listed on an exchange are valued at the last quoted sales price as of 4:00
p.m. on the valuation date. Securities not listed on an exchange are valued at the mean of the last quoted bid and
asked prices. Long-term debt securities are valued by an independent pricing service when such prices are
believed to reflect the fair value of such securities. Money market instruments having less than 60 days to maturity
are valued at amortized cost.
FEDERAL INCOME TAXES - The Fund intends to continue to qualify as a regulated investment company and
make the requisite distributions to shareholders. Accordingly, no provision for federal income taxes is required in
the financial statements.
REPURCHASE AGREEMENTS - The Fund may invest in a pooled cash account along with other members of
the Delaware Group Family of Funds. The aggregate daily balance of the pooled cash account is invested in
repurchase agreements secured by obligations of the U.S. Government. The respective collateral is held by the
Fund's custodian bank until the maturity of the respective repurchase agreements. Each repurchase agreement is
100% collateralized. However, in the event of default or bankruptcy by the counterparty to the agreement,
realization of the collateral