HomeMy Public PortalAboutA 2014-05-06LSACITY OF LYNWOOD
As Successor Agency to the Lynwood Redevelopment Agency
Aide Castro, Mayor
Edwin Hernandez, Mayor Pro -Tern
Salvador Alatorre, Councilmember
Maria T. Santillan -Beas, Councilmember
Jose Luis Solache, Councilmember
This Agenda contains a brief general description of each item to be considered. Copies of the Staff
reports or other written documentation relating to each item of business referred to on the Agenda are on
file in the Office of the City Clerk and are available for public inspection. Any person who has a question
concerning any of the agenda items may call the City Manager at (310) 603 -0220, ext. 200.
AGENDA
CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE
LYNWOOD REDEVELOPMENT AGENCY
MAY 6, 2014
REGULAR MEETING
6:00 P.M.
LYNWOOD CITY HALL
11330 BULLIS ROAD
AIDE CASTRO
MAYOR
EDWIN HERNANDEZ
MAYOR PRO -TEM
MARIA TERESA SANTILLAN -BEAS
COUNCILMEMBER
CITY MANAGER
SARAH MAGANA- WITHERS
'Duly Posed
RECEIVED
MAY 0 1'2014
CITY OF LYNWOOD
CITY CLERKS OFFICE
Maria Quinonez
C:JL3 C 1er�4 ►
SALVADOR ALATORRE
COUNCILMEMBER
JOSE LUIS SOLACHE
COUNCILMEMBER
CITY ATTORNEY
DAVID A. GARCIA
CITY CLERK CITY TREASURER
MARIA QUINONEZ YOLANDA RODRIGUEZ - GONZALEZ
OPENING CEREMONIES
A. Call Meeting to Order
B. Roll Call ( ALATORRE - SANTILLAN - BEAS - SOLACHE- HERNANDEZ- CASTRO)
C. Certification of Agenda Posting by City Clerk
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NON - AGENDA PUBLIC ORAL COMMUNICATIONS
CONSENT CALENDAR
All matters listed under the Consent Calendar will be acted upon by one motion affirming the
action recommended on the agenda. There will be no separate discussion on these items prior to
voting unless members of the Council as the Successor Agency to the Lynwood Redevelopment
Agency or staff request specific items to be removed from the Consent Calendar for separate
action.
MINUTES OF THE PREVIOUS MEETING
Regular Meeting of April 15, 2014
APPROVAL OF THE WARRANT REGISTER
Comments:
City of Lynwood Successor Agency warrant register dated May 6, 2014 for FY2013/ 2014.
Recommendation:
Staff recommends that the Lynwood City Council as Successor Agency approve the
warrant register for May 6, 2014.
TREASURER'S QUARTERLY INVESTMENT REPORT
Comments:
The purpose of this item is to have the Honorable Mayor and Members of the City Council
as Successor to the Lynwood Redevelopment Board to review the Treasurer's Quarterly
Investment Report as required by State Statutes.
Recommendations:
It is recommended that the City as Successor to the Lynwood Redevelopment Agency
receive and file the attached Quarterly Investment Report for the quarter ending March 31,
2014.
CLOSED SESSION
NONE
ADJOURNMENT
CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE LYNWOOD REDEVELOPMENT
AGENCY MEETINGS WILL BE POSTED AS NEEDED. THE NEXT MEETING WILL BE HELD
IN THE COUNCIL CHAMBERS OF CITY HALL, 11330 BULLIS ROAD, CITY OF LYNWOOD,
CALIFORNIA.
3
N
='4 AGENDA STAFF REPORT
DATE: May 6, 2014
TO: Honorable Mayor and Members of the City Council as
Successor to the Lynwood Redevelopment Agency
APPROVED BY: Sarah M. Withers, City Manage
PREPARED BY: Maria Quinonez, City Clerk
Lourdes Garcia, Office Assistant 1 A
SUBJECT: City of Lynwood as Successor to the Lynwood
Redevelopment Agency Minutes
Recommendation:
Staff recommends the City Council as the Successor to the Lynwood
Redevelopment Agency, approve the following minutes:
• Regular Meeting —April 15, 2014
Background: N/A
Discussion & Analysis: N/A
Fiscal Impact: N/A
Coordinated With: N/A
ITEM
CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE
LYNWOOD REDEVELOPMENT AGENCY
REGULAR MEETING
April 15, 2014
The City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency of
the City of Lynwood met in a regular meeting at Lynwood City Council Chambers,
11330 Bullis Road on the above date at 6:57 p.m.
Mayor Castro presiding.
Council Members Alatorre, Santillan -Beas, Solache, Hernandez and Castro were
present.
Also present were City Manager - Withers, City Attorney Garcia, City Clerk Quinonez and
City Treasurer Rodriguez - Gonzalez.
City Clerk Quinonez announced that the Agenda had been duly posted in accordance
with the Brown Act.
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NONE
PUBLIC ORAL COMMUNICATIONS
NONE
CONSENT CALENDAR
It was moved by Council Member Santillan -Beas, seconded by Council Member
Alatorre to approve the consent calendar and to receive and file staff reports.
AYES: COUNCIL MEMBERS ALATORRE, SANTILLAN -BEAS, SOLACHE,
HERNANDEZ AND CASTRO
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
Item #1. MINUTES OF THE PREVIOUS MEETINGS:
Regular Meeting of April 1, 2014.
Item #2. APPROVAL OF THE WARRANT REGISTER
RESOLUTION NO. 2014.010 ENTITLED:
RESOLUTION OF THE LYNWOOD CITY COUNCIL AS SUCCESSOR AGENCY TO
THE LYNWOOD REDEVELOPMENT AGENCY OF LYNWOOD, CALIFORNIA,
ALLOWING AND APPROVING THE DEMANDS AND WARRANTS
CLOSED SESSION
NONE
ADJOURNMENT
Having no further discussion, it was moved by Council Member Solache, seconded by
Council Member Santillan -Beas and carried to adjourn the regular City of Lynwood as
Successor Agency to the Lynwood Redevelopment Agency meeting at 6:58 p.m.
Aide Castro, Mayor
Maria Quinonez, City Clerk
a t"JM
}
AGENDA STAFF REPORT
DATE: May 6, 2014
TO: Honorable Mayor and Members of the City Council as
Successor Agency to the Lynwood RTdf velopment Agency
APPROVED BY: Sarah M. Withers, Executive Director
PREPARED BY: Christy Valencia, Finance Manager
Monica Ochoa, Accounting Technician
SUBJECT: Approval of the Warrant Register
Recommendation:
Staff respectfully recommends that the Lynwood City Council as Successor
Agency approve the warrant register dated May 6, 2014.
Attached Warrant Register dated May 6, 201
ITEM
)=mom
vchlist Voucher List
04/30/2014 3:40:43 PM Successor Agency of Lynwood Redevelopment Agency
03/14
Bank code : cdev
Voucher Date Vendor Invoice PO # Description /Account Amount
1324 5/6/2014 006855 ALESHIRE & WYNDER,LLP 27013 LEGALSVCS
11- 000457 1012.26147 504.00
Total: 504.00
1325
5202
5/6/2014 005198 COMMUNITY DEVELOPMENT. DEPARTMEN102 /14
2 Vouchers for bank code : cdev
5/6/2014 006855 ALESHIRE & WYNDER, LLP
5203 5/6/2014 001330 CANON FINANCIAL SERVICES, INC.
Page: 1
STATE ENTERPRISE ZONE FEES
1023.75.36185 450.00
STATE ENTERPRISE ZONE FEES
1023.75.36185 480.00
Total: 930.00
Bank total : 1,434.00
24831
LEGALSVCS
11- 000459
1021.76.211.62001
4,415.80
26798
LEGALSVCS
11- 000459
1021.76.211.62001
799.44
26799
LEGALSVCS
11- 000459
1022.75.207.62001
105.00
26803
LEGALSVCS
11- 000459
1022.75.207.62001
1,682.55
26804
LEGALSVCS
11- 000459
1021.76.211.62001
60.00
26805
LEGAL SVC
11- 000459
1022.75.207.62001
634.76
26811
LEGALSVCS
11- 000459
1021.76.211.62001
5,249.62
27493
LEGALSVCS
11- 000450
1021.76.211.62001
651.00
27494
LEGALSVCS
11- 000450
1022.75.207.62001
- 294.00
27495
LEGALSVCS
11- 000450
1022.75.207.62001
483.00
27499
LEGALSVCS
11- 000459
1021.76.211.62001
722.51
Total : 15,097.68
13663066
LEASE AGRMT PMT
11- 000422
1021.76.208.63030
231.60
Total : 231.60
vchlist
Voucher List
Page: 2
04/30/2014
3:40:43
PM
Successor
Agency of Lynwood
Redevelopment Agency
Bank code:
cdev
Voucher
Date
Vendor
Invoice
PO #
Description /Account
Amount
5204
5/6/2014
003372
CITY OF LYNWOOD
003372042814
SALARIES & BEN REIMB
02- 001683
1021.13110
- 95,850.12
003372042814A
SALARIES & BEN REIMB
02- 001683
1021.20155
295,091.00
Total:
199,240.88
5205
5/6/2014
003334
FED EX
2 -597 -24570
COURIER SVCS
11- 000452
1021.76.208.67599
72.05
2- 611 -97797
COURIER SVCS
5205
5/6/2014
003334
FED EX
(Continued)
11- 000460
1021.76.208.67599
62.04
2- 619 -46136
COURIER SVCS
11- 000461
1021.76.208.67599
73.26
Total:
207.35
5206
5/6/2014
003547
KANE, BALLMER & BERKMAN
20106
LEGAL SVCS
11- 000463
1021.76.211.62001
968.00
Total:
968.00
5207
516/2014
004847
MDG ASSOCIATES, INC.
9491
CONSULTING SVCS
11- 000464
1022.75.207.62015
1,201.25
Total:
1,201.25
5208
5/6/2014
000312
SPARKLETTS
6523809040114
BOTTLED WATER
11- 000431
1021.76.208.67950
30.00
Total :
30.00
5209
5/6/2014
002938
TAJ OFFICE SUPPLY
0034453 -001
OFFICE SUPPLIES
11- 000433
1021.76.208.65015
97.01
8 Vouchers for bank code : sa usb
10 Vouchers in this report
Total : 97.01
Bank total : 217,073.77
Total vouchers : 218,507.77
E FRl;� i
DATE:
TO:
APPROVED BY:
PREPARED BY:
SUBJECT:
Recommendation:
AGENDA STAFF REPORT
May 6, 2014
Honorable Mayor and Members of
Lynwood Redevelopment Board
Council, as Successor to
Sarah Magana- Withers, City Manager
Yolanda Rodriguez, City Treasurer
Sheila Harding, Deputy City Treasu
Treasurer's Quarterly Investment Report
It is recommended that the City, as Successor to the Lynwood Redevelopment Agency
receive and file the attached Quarterly Investment Report. The following information
provided in this report highlights the investment activity for the 3rd quarter ending March
31, 2014.
Background:
Due to the crisis caused by the Orange County investment pool, the State Legislature in
1995 enacted SB564 and SB866. These laws were enacted as State Statutes to impose
certain mandates regarding investments with public funds. The statutes have imposed
the following mandates:
1. Annual adoption of an Investment Policy that incorporates changes mandated
by the State.
2. Quarterly Investment Reports presented to the Legislative Body or Board
Members.
3. Restriction on the use of certain investment instruments.
The purpose of the Treasurer's report is to update the City Council and the public of the
status of the City's cash balances and investments. This report includes
between cash and investment balances, a schedule of all investments,
providing information on all investments types, costs, interest rates, matur
current market value.
The market value of securities fluctuates, depending on how interest rates perform.
When interest rates decrease, the market value of the securities in the City's portfolio
will likely increase and when the interest rates increase, the market value of the
securities will likely decrease. The City's practice is to buy and hold investments until
maturity so changes in the market price do not affect the City's investment principal.
Short-term excess cash is primarily invested in the Local Agency Investment Fund
(LAIF) administered by the State Treasurer. LAIF is a high quality investment available
in terms of safety, liquidity and yield. The City's cash and investment portfolio is
sufficiently liquid to meet expected expenditures for the coming six months.
The majority of property tax revenues are received from the County in December and
April. The vast majority of cash held by the City is deposited into the Local Agency
Investment Fund and can be withdrawn at any time.
There are eight petty cash funds totaling $3,300.00 currently being used by various
departments. There are two change funds totaling $640.00; Water Billing $600.00 and
Recreation $40.00.
The total amount of Non Sufficient Funds (NSF) from customers for the 3rd quarter
reporting is $8,033.60 of which, $3,095.92 has been collected. The remaining balance
of Non Sufficient Funds for the third quarter outstanding is $4,937.68.
The market valuation is provided by FTN Main Street Capital Advisors and all of the
investments are in compliance with California Government Code Sections 53600 et seq.
and the City's investment policy.
Reports prepared by FTN Main Street Capital Advisors are as follows:
• Portfolio Summary
• Investment Policy Compliance Report
• Historical Earnings & Book Rate
• Portfolio Summary - Management
• Portfolio Details — Investments Report
• Inventory by Maturity Report
• Credit Rating Report
• Interest Earnings Summary
• Interest Earnings Report
• Monthly Economic & Market Update Report
Fiscal Impact:
The action recommended in this report will not have a fiscal impact on the City.
CITY OF LYNWOOD
QUARTERLY REPORT
March 31, 2014
MASTER SUMMARY
AVERAGE
BOOK PERCENTAGE(%) DAYSTO
DESCRIPTION VALUE PORTFOLIO MATURITY
INVESTMENTS'
26,162,479.32 100%
CERTIFICATE OF DEPOSIT/TIME DEPOSIT/
MONEY MARKET /CUSTODY HOLDINGS 5,846,770.11
CHECKING ACCOUNT
SAVINGS ACCOUNT
9,813,206.82
913,522.76
TOTAL AVERAGES $ 16,573,499.69
TOTAL INVESTMENTS & AVERAGES $ 42,735,979.01
A Trdj-,� �:'
Yolanda driguez I certify that this report accurately reflects all pooled
City Tr urer investment policy statements adopted by the City Council
on August 15, 1995. A copy of this policy is available of
the office of the City Clerk. The Investment Program herein
shown provides sufficient cash flow liquidy to meet 3 to 6
months estimated expenditures.
'See Report Prepared by Main Street Capital Advisors
March 31. 2014
CITY OF LYNWOOD
QUARTERLY INVESTMENT REPORT
March 31, 2014
Schedule of City Cash & Investments: This schedule provides information on the cash and
investments managed by the City.
Money Market /Certificate of Deposit (CD)
1P Morgan Chase - Section 108 MMA
1P Morgan Chase - Money Market Account
US Bank - Certificate of Deposit
US Bank - Fa4ade Improvement
US Bank - City of Lynwood
Total
Demand Deposits
General Account
US Bank - Economic Development
US Bank - Housing Authority A
US Bank - Housing Authority B
US Bank - City HCDA
US Bank - City Home Program
US Bank - Taxable Tabs
US Bank - Lyn Tr. Center Unf Wrkr
US Bank - Money Market Account
US Bank - US Dept. of HUD /Section 108
US Bank - RORF Successor Agency
US Bank - Lynwood Disaster Relief Fund
Total
Savings Account
Bank of America - Parking Enforcement
$ 3,469,602.18
$ 212,008.99
$
6,772.17
$
Quarterly
Interest Credit
32,254.79
Balance
65,513.06
Interest
1,834,809.45
Year to Date
$
3,846,237.29
$
2,366.76
$
2,366.76
$
1,856,075.06
$
1,142.13
$
1,142.13
$
81,839.91
$
20.17
$
20.17
58,084.16
$
0.46
$
0.22
$
4,533.69
$
0.55
$
0.55
$
5,846,770.11
$
3,530.07
$
3,529.83
Demand Deposits
General Account
US Bank - Economic Development
US Bank - Housing Authority A
US Bank - Housing Authority B
US Bank - City HCDA
US Bank - City Home Program
US Bank - Taxable Tabs
US Bank - Lyn Tr. Center Unf Wrkr
US Bank - Money Market Account
US Bank - US Dept. of HUD /Section 108
US Bank - RORF Successor Agency
US Bank - Lynwood Disaster Relief Fund
Total
Savings Account
Bank of America - Parking Enforcement
$ 3,469,602.18
$ 212,008.99
$
6,772.17
$
18,000.09
$
32,254.79
$
65,513.06
$
1,834,809.45
$
2,791.24
$
49,028.48
$
170,048.96
$
3,952,377.41
$
5,000.00
$
9,818,206.82
$ 913,52236
Money Market Fund -A Money Market fund is a type of mutual fund that invest in short term debt securities of agenies
of the U.S. Government, banks, corporations and U.S. Treasury Bills. Some advantages of a money market fund
over savings and CDs are high liquidity, low risk, and competive yields. The City currently has a total of five MMA
accounts within the City's investment portfolio.
Certificate of Deposit -A Certificate of Deposit or CD, is a time deposit. They are similar to savings
accounts in that they are insured and relatively rak -free. They are different from savings accounts in that
they usually are for a fixed term and a fixed interest roe. CDs are inteded to be held until maturity, at which
time, the money may be withdrawn together with the accrued interest. The City currently has one CD
within the City's investment portfolio
Demand Deposits - Also known as "cash in the bank ", this is the balance of the City's checking account with
US Bank, from which virtually all obligations are paid.
CITY OF LYNWOOD
QUARTERLY REPORT
March 31, 2014
LAIF Daily.25 %- Quarter.26%
Interest Date
Investment Balance Received Received
State of California
LAIF $ 15,970,520.00 9,387.64 1115/2014
Local Agency Investment Fund (LAIF);
The Local Agency Investment Fund is managed by the State Treasurer's Office Investment Division through the Pooled Money
Investment Account (PIMA). The LAIF allows cities, counties and special districts to place money in a major portfolio and to use
the expertise of their Investment Division staff, with no additional cost to taxpayers. Participating agencies can withdraw their funds
from the LAIF at any time. The State Treasurer invests money safely and prudently while minimizing the service costs and maximizing
the service costs and maximizing the investment yields. These investments help manage cash flow and enhance financial security.
The interest earned from the LAIF is dlstribued quarterly. (See Chart Below)
Pooled Money Investment Account
Portfolio Composition
5757 Billion
3/31/2014
Treasures
023%
Mortgages
Agencies
5.72 0
CDs /BNs 1626%
Time Deposits 8.02%
Now Account 0.00%
Commemal Paper t", 30%
Corporate Bond! 0.00%
Loans
0.2 04 06 0.8
h 31, 2014
CITY OF LYNWOOD
QUARTERLY REPORT
31- Mar -14
PORTFOLIO SUMMARY
INVESTMENTS
PAR
VALUE
1P Morgan Chase (Section 108)
MARKET
VALUE
3,846,237.29
BOOK
VALUE
*Money Market Funds
$
122,959.32
$
122,959.32
$
122,959.32
LAIF
$
15,970,520.00
$
15,970,520.00
$
15,970,520.00
Federal Agency
$
3,500,000.00
$
3,494,270.00
$
3,493,001.00
Treasury Coupon Securities
$
1,500,000.00
$
1,484,980.00
$
1,486,640.63
Federal Agency - Callable
$
1,000,000.00
$
988,550.00
$
1,000,500.00
CD -FDIC
$
4,069,000.00
$
4,080,748.31
$
4,067,112.25
TOTAL
$
26,162,479.32
$
26,142,027.63
$
26,140,733.20
*Money Market Fund held at Goldman Sach
Schedule of City Cash & Investments: This schedule provides information on the cash and investments
managed by the City.
Time Deposit /MM /Certificate of Deposit
Balance
1P Morgan Chase (Section 108)
$
3,846,237.29
JP Morgan Chase - Money Market Account
$
1,856,075.06
US BANK - CD
$
81,839.91
US Bank - Fasade Improvement
$
58,084.16
US Bank - City of Lynwood
$
4,533.69
TOTAL
$
5,846,770.11
Corporate Checking Accounts
Balance
General Account
$
3,469,602.18
US Bank - City HCDA
$
32,254.79
US Bank - City Home Program
$
65,51106
US Bank - Economic Development
$
212,008.99
US Bank - Housing Authority A
$
6,772.17
US Bank - Housing Authority B
$
18,000.09
US Bank - Lyn Tr. Center Unf Wrkr
$
2,791.24
US Bank - City of Lynwood
$
49,028.48
US Bank - RORF Successor Agency
$
3,952,377.41
US Bank - Taxable Tabs Housing Proj.
$
1,834,809.45
US Bank - US Dept. of HUD /Section 108
$
170,048.96
TOTAL
$
9,813,206.82
Savings Account
Bank of America - Parking Enforcement
$
913,522.76
Maturity Date
Interest
N/A
$
2,366.76
N/A
$
1,142.13
March -14
$
20.17
N/A
$
0.46
N/A
$
0.55
$
3,530.07
March 31, 2014
CITY OF LYNWOOD
QUARTERLY REPORT
31- Mar -14
BALANCES PER MONTH
2014 1 2013 1
Jan - Mar Apr -June July - Sept Oct - Dec
Investments Managed by Main Street
$
26,162,479.32
$
27,554,392.17
$ 25,595,414.22
$ 23,622,158.05
Cash & Investments
$
16,573,499.69
$
17,130,233.92
$ 12,905,299.97
$ 16,246,590.14
Per Treasurer's Reports
$
42,735,979.01
$
44,684,626.09
$ 38,500,714.19
$ 39,868,748.19
BALANCES PER STATEMENT
DEMAND DEPOSIT ACCOUNTS
Balances per Statement
US Bank - General Account
US Bank - Economic Development
US Bank - RORF - Successor Agency
Mar -14
Beginning
Credits Debits
Endin
$ 3,843,112.06
$ 2,972,604.44 $ 3,346,114.32
Jan -14
$ 202,604.30
$ 17,810.13 $ 8,405.44
$ 212,008.99
Balances
per Statement
$ 3,952,377.41
Be¢innin¢
Credits
Debits
Ending
US Bank-
General Account*
$
5,180,182.18
$
7,093,942.44
$
10,017,956.92
$
2,256,167.70
US Bank -
Economic Development
$
166,157.26
2,108.04
300.00
$
167,965.30
US Bank -
RORF - Successor Agency
$
1,977,615.66
$
2,173,647.37
$
142,706.31
$
4,008,556.72
Feb -14
Balances
per Statement
Beginning
Credits
Debits
Ending
US Bank-
General Account*
$
2,256,167.70
$
6,365,681.01
$
4,778,736.65
$
3,843,112.06
US Bank -
Economic Development
$
167,965.30
$
37,175.00
$
2,536.00
$
202,604.30
US Bank -
RORF - Successor Agency
$
4,008,556.72
$
-
$
39,484.49
$
3,969,072.23
Balances per Statement
US Bank - General Account
US Bank - Economic Development
US Bank - RORF - Successor Agency
Mar -14
Beginning
Credits Debits
Endin
$ 3,843,112.06
$ 2,972,604.44 $ 3,346,114.32
$ 3,469,602.18
$ 202,604.30
$ 17,810.13 $ 8,405.44
$ 212,008.99
$ 3,969,072.23
$ - $ 16,694.82
$ 3,952,377.41
*Debits include funds transferred to Laif
CITY OF LYNWOOD
BOND REPORT
31- Mar -14
TRUSTEE ACCOUNTS
PURCHASE
DAT
PAR
VALUE
MARKET
V ALUE
Lynwood Public Financing Authority
Oct -99
$1,310,000.00
0.00
Tax Allocation Bonds, Series 1999, Alameda
U S Bank Coporate Trust Services
Lynwood Public Financing Authority
Aug -03
$8,630,000.00
1,438,664.76
Lease Revenue Refunding Bonds 2003 A
US Bank Coporate Trust Services
Lynwood Public Financing Authority
Oct -99
$10,235,000.00
0.00
Tax Allocation Bonds, Series 1999,Series A
U S Bank Corporate Trust Services
Lynwood Public Financing Authority
Oct -99
$3,425,000.00
0.00
Tax Allocation Bonds, Series B
U S Bank Corporate Trust Services
Lynwood Public Financing Authority
Oct -99
$3,760,000.00
0.00
Lease Revenue Bonds, Series 1999
US Bank Corporate Trust Services
Lynwood Utility Authority
Nov -03
$6,930,000.00
0.00
Series 03 COI ACCOUNT
BNY Trust Company
Lynwood Utility Authority
May -09
$9,755,000.00
3,954,897.17
Enterprise Refunding Revenue Bond, 2008 Series A
BNY Trust Company
Lynwood Untility Authority
NDV -08
$5,732,000.00
573,500.00
Enterprise Revenue Bond 2009 Series A
BNY Trust Company
Lynwood Public Finance Authority
Lease Revenue Bond, Civic Center Series 2010A
Aug -10
$9,000,000.00
5,135,633.11
Lynwood Redevelopment Agency
Mar -11
$18,480,000.00
17,916,926.37
Tax Allocation Bonds, Series 2011, Series A
Fiscal Agent Activities
FYE 6/30/11
Lynwood Redevelopment Agency
Mar -11
$5,660,000.00
554,443.23
Tax Allocation Bonds, Series 2011, Series B
Fiscal Agent Activities
FYE 6/30/11
March 31. 2014
OP FTN FINANCIAL Portfolio Summary
MAINS IRITZ Anvi soas 3/31/2014 City of Lynwood
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
Cr
i
MMF 0.5%
Per Book Value
ACCOUNTSUMMARY
80%
70%
Tsy 5.7% 60°/.
50%
40%
30%
20%
10%
"Book Value is at Original Cost, Not Amortized
0%
0-1Y 1 -2Y 2 -3Y 3-4Y 4 -5Y
Book Value
MONTH -END PORTFOLIO BOOK YIELD
0.60%
0.55%
0.50%
0.45%
0.40%
0.35% ;
M M M m M m M M r> a v v
o' w m Q m`
Q Q u O Z 0 ii
Aaa
NR -LAIF &
CD -FDIC
0% 25% 50 °h 75% 100%
NR. Not Rated
TOP ISSUERS
Issuer
3/31/14
2/28/14
Market Value
$26,142,028
$26,154,493
Book Value
$26,140,733
$26,133,164
Variance
1,294
21,329
Par Value
$26,162,479
$26,150,669
Net Asset Value
$100.005
$100.082
Purchase Yield
0.49%
0.45%
Years to Maturity
0.77
0.67
Modified Duration
0.75
0.65
"Book Value is at Original Cost, Not Amortized
0%
0-1Y 1 -2Y 2 -3Y 3-4Y 4 -5Y
Book Value
MONTH -END PORTFOLIO BOOK YIELD
0.60%
0.55%
0.50%
0.45%
0.40%
0.35% ;
M M M m M m M M r> a v v
o' w m Q m`
Q Q u O Z 0 ii
Aaa
NR -LAIF &
CD -FDIC
0% 25% 50 °h 75% 100%
NR. Not Rated
TOP ISSUERS
Issuer
% Portfolio
LAIF
61.1%
FNMA
9.6%
FHLMC
5.7%
U.S. Treasury
5.7%
FFCB
1.9%
Compass Bank
1.0%
Discover Bank
1.0%
General Electric Bank
1.0%
Goldman Sachs Bank
1.0%
PrivateBank & Trust
0.9%
Ally Bank
0.9%
Apple Bank
0.9%
American Express Bank
0.9%
BMW Bank
0.9 0 /0
Bank of India
0.9%
Book Value
Is
FTN FINANCIAL. Investment Policy Compliance
KUIN S'rw rn AUV6lM5 3/31/2014 City of Lynwood
Item / Sector
Parameters
In Compliance
Weighted Average Maturity
Weighted Average Maturity (WAM) must be less than 2.5 years
Yes: 0.77 Yrs
Liquidity
At least 30% of the portfolio must have maturities of 1 year or less
Yes: 74.7%
U.S. Treasuries
No sector limit, no issuer limit, maximum maturity 5 years
Yes: 5.7%
U.S. Federal Agencies
50% sector limit, no issuer limit (FHLB, FFCB, FNMA, FHLMC), maximum maturity 5 years
Yes: 17.2%
Negotiable Certificates of Deposit
30% sector limit, issuer limit no greater than FDIC insured limit (currently $250,000), max maturity 5 years,
Yes: 15.6%
issued by national /state charter banks or savings and loan associations
Non - Negotiable Certificates of
25% sector limit, no issuer limit, issued by national /state charter banks or savings and loan associations,
Deposit
collateralized according to State Code
Yes: 0.0%
Commercial Paper
25% sector limit, 2% per issuer, maximum maturity 270 days, rated A -1+ S &P /P -1 Moody's, issued by a
Yes: 0.0%
domestic corporation w/ at least $500 million of assets and A- (S &P) /A3 ( Moody's) long term debt
LAIF
No sector limit, issuer limit is $40 million
Yes: $16.0
(Million)
Corporate Medium Term Notes
30% sectors limit, 2% issuer limit (includes CP in aggregate), maximum maturity 5 years, rated at least A-
Yes: 0.0%
by S &P and A3 by Moody's
Money Market Mutual Funds
Sector limit 20 %, issuer limit 10%, Aaa (S &P) and AAA ( Moody's)
Yes: 0.5%
Collateralized Bank Deposits
No sector limit, collateralized according to State Code
Yes: 0.0%
L . FIN hFINANCIAL. Historical Earnings and Book Rate of Return Performance
3/31/2014 City of Lynwood
$160 Fiscal Year -to -Date Earnings
$140 ■FY 2013
$120 OFY 2014
$100
v
C
N
$80
F 0
$60
$40
$20
$O
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal YTD ($000s)
Jul
Aug
Sep
Oct
Nov
Dec
I Jan
I Feb
I Mar
I Apr
May
Jun
FY 2013
1 $11.3
I $23.2
1 $33.4
I $54.7
1 0.56go
1 0.54%
$63.9
$723
1 $88.2
1 $98.6
1 $109.8
1 $125.3
$135.8
1 $145.8
FY 2014
1 $10.1
1 $24.6
1 $34.1
1
$51.3
1 0.32%
$61.1
1 $70.7
1 $87.2
1 $96.6
1
$107.6
1 0.17%
1 0.24%
1 0.22%
0.70% Book Rate of Return vs Benchmark
- r�Portfolio
0.60% �F Benchmark
0.50%
0.40 % -
0.30%
0.20% - - - - 0.10%
0.00% -- -
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal YTD
i Jul
Au
Sep
1 Oct
1 Nov
1 Dec
1 Jan
1 Feb
1 Mar
Apr
ay
un
Book Rate of Rtn
1 0.43%
0.54%
0.51%
1 0.58%
1 0.56go
1 0.54%
1 0.57%
1 0.56%
1 0.55%
Custom Benchmark'
1 0.35%
1 0.35%
1 0.34%
1 0.34%
1 0.34%
1 0.33%
1 0.33%
1 0.32%
1 0.32%
Variance
I 0.08%
1 0.19%
1 0.17%
1 0.24%
1 0.22%
1 0.21%
1 0.24%
1 0.24%
1 0.23%
'Benchmark: 12 Month Moving Average of 60% LAIF and 40% 1 -3 Year Agency
ID
Lynwood - Portfolio Management
Portfolio Management
Portfolio Summary
March 31, 2014
Investments Par Market
Value Value
Book %af Daysto TfM YTM
Value Portfolio Tenn Maturity 360 Equi, 165 Equiv.
Money Mallet Funds
122.959.32
122.95932
122.059.32
0.47
1
1
0.010
0.010
L IF
15,970.520.00
15.970.52000
15,970.520.00
6t.09
1
1
0.233
0238
Federal Agent,
3,500.00000
3.494.270.00
3,493,001.00
13.36
1,288
B27
0.935
0.847
Treasury C pon secu es
L61)am000
1.484.98009
1,406.840.83
5.89
1,420
1.106
1.978
1.691
Federal Age, q Callable
1000000.00
980.550.00
1,000.50090
183
1.46D
1.213
0.908
0 918
CD -FDIC
4.oB900000
4.080,748.31
4087.112.25
1556
922
385
O.B29
O.B41
26,162,479.32
25,142,027.63
26,140.733.20
100.00%
453
280
0.479
0.485
Investments
Cash and Accrued Interest
Accrued Interest at Purchase
3.469.n
3.469.77
Subtotal
3,469.77
3.469.77
Total Cash and I n v est m e nt s
26,162,479.32
25,145,497.40
26,144.202.97
453
200
0.479
0.485
Total Earnings March 31 Month Ending Fiscal Year To Date
Current Year 10,989.34 107,561.80
Average Daily Balance 26,134.861.22 25,967,930.24
Effective Rate of Return 0.50% 0.55%
��1 4 - 14 - 14
FTN F ancial Main Street Advisors, Pock Phillips
Reporting period 0 3 /01 2 014-03 73112 01 4
Data Updated: SET_PMM: 041112014 10:15
R Date: 04ntrAI4 -10:15
Portfolio LYNVV
CP
PM (PRF_PM1) 7.3.0
R,W Ver. 71_'.
14
Lynwood - Portfolio Management
Portfolio Management
Portfolio Details - Investments
March 31, 2014
Page 1
Data Updated: SET _PMM: 04/11/2014 10:15
Run Date: 04/1112014 -10:15
Portfolio LYNW
CP
PM (PRF_PM2) 7.3.0
Report ver. T3,5 16
Average
Purchase
Stated
YTM
YTM
Days to Maturity
CUSIP
Investment M Issuer
Balance
Date
Par Value
Market Value
Book Value
Rate
360
365
M Date
Money Market Funds
9000
10011
Goldman Sach Govt MM
1 22,959.32
122,959.32
1 22,959.32
0.010
0.010
0.010
1
Subtotal and Average
324,062.66
122,959.32
122,959.32
122,959.32
0.010
0.010
1
LAIF
9001
10000
LAIF
15,970,520.00
15,970,520.00
15,
0.236
0.233
0.236
1
Subtotal and Average
15,970,520.00
15,970,520.00
15,970,520.00
15,970,520.00
0.233
0.236
1
Federal Agency
3133ECBJ2
10056
FFCB
12/28/2012
500,000.00
500,585.00
499,71500
0.430
0,444
0.450
594
11116/2015
3137EACY3
10022
FHLMC
10/12/2011
500,000.00
501,385.00
498,81600
0.750
0.816
0.827
238
11)2572014
3137EADD8
10034
FHLMC
05115/2012
500,000.00
501600.00
499,340.00
0.500
0.538
0,546
381
04/1712015
3137EADS5
10061
FHLMC
08/29/2013
500,00000
501,510.00
498,235.00
0.875
0.976
0.990
927
10/14/2016
3135GONV1
10054
FNMA
10/29/2012
500,000.00
501,790.00
500,425.00
0.500
0.464
0.471
545
09/28/2015
3135GOTGB
10057
FNMA
02/19/2013
500,000.00
489440.00
497,020.00
0.875
0.985
0.998
1,409
02/08/2018
3135GOYT4
10067
FNMA
03112/2014
500, 000.00
497960.
499,450.00
1.625
1.627
1.649
1,
11/27/2018
Subtotal and Average
3,315,776.81
3,500,000.00
3,494,270.00
3,493,001.00
0.835
0.847
827
Treasury Coupon
Securities
912828RL6
10025
U.S. Treasury
10/27/2011
500,000.00
501,115.00
500,546.88
0.500
0.456
0.463
197
10/15/2014
912828UA6
10066
U.S. Treasury
01/30/2014
500,000.00
488,865.00
490,722.66
0.625
1.106
1.121
1,339
1113012017
912828C24
10068
U.S. Treasury
03124/2014
500,000.00
495,000.00
495,371.09
1.500
1.673
1.696
1,794
0212812019
Subtotal and Average
1,119,107.24
1,500,000.00
1,484,980.00
1,486,640.63
1.076
1.091
1,106
Federal Agency Callable
3135GOWA7
10058
FNMA
03/28/2013
500,000.00
490,480.00
499,850.00
1.125
1.116
1.131
1,457
03/28/2018
3135GOYW7
10064
FNMA
11/27/2013
500, 000.00
498,070.00
5 00,650.00
0.750
0.696
0.706
969
11/25/2016
Subtotal and Average
1,322,475.81
1,000,000.00
988,550.00
1,000,500.00
0.906
0.918
1,213
CD -FDIC
02005QM67
10040
Ally Bank
07/11/2012
245,000.00
245,485.37
245,000.00
0.900
0888
0.900
101
0711112014
037830QG4
10047
Apple Bank
08/29/2012
245,000.00
245,328.42
245,000.00
0.550
0.542
0.550
150
08/29/2014
02587DLLO
10053
American Express Bank
10/18/2012
245,000.00
245,000.00
245,000.00
0.850
0.838
0.850
294
01/20/2015
20451PADO
10036
Compass Bank
06/2912012
250,000.00
252,177.10
250,000.00
1.150
1.134
1.150
454
06/2912015
05568PY92
10051
BMW Bank
09/21/2012
245,000.00
245,000.00
245,000.00
0.750
0.593
0.602
174
09/22/2014
06278CPH2
10069
Bank of India
03/31/2014
245,000.00
245094.89
245,000.00
0.350
0.345
0.350
92
07/02/2014
Data Updated: SET _PMM: 04/11/2014 10:15
Run Date: 04/1112014 -10:15
Portfolio LYNW
CP
PM (PRF_PM2) 7.3.0
Report ver. T3,5 16
Lynwood - Portfolio Management
Portfolio Management
Portfolio Details - Investments
March 31, 2014
Page 2
Portfolio LYNW
Data Updated. SET _PMM: 0411112014 10.15 CP
Run Date: 04/112014 -10:15
PM (PRF_PM2) 7 I
17
Average
Purchase
Stated
YTM
YTM
Daysto Maturity
CUSIP
Investment#
Issuer
Balance
Date
Par Value
Market Value
Book Value
Rate
360
365 Ma
Date
CD-FDIC
17284CBW3
10059
Cit Bank
04/17/2013
150,000.00
149,339.70
150,000.00
0.900
0.888
0.901
1,112
04/17/2017
17669WDY8
10045
Citizens State Bank
08/2812012
245 000.00
245,224.44
245,000.00
0.450
0.444
0.450
149
08/28/2014
2546705VO
10033
Discover Bank
04/04/2012
250,000.00
250,014.15
250,000.00
0.700
0.690
0.700
3
04/04/2014
332135FA5
10052
First Nab Bank Omaha
10/10/2012
245,000.00
245,024.48
245,000.00
0,550
0.542
0.549
9
04/10/2014
29976DN09
10050
Everbank
09/1912012
245,000.00
245,712.41
245,000.00
0.900
0.888
0.901
897
09/1412016
3616OXG27
10037
General Electric Bank
06/29/2012
250,000.00
253,634.68
250,000.00
1.350
1.332
1.351
820
06/2912016
38143APB5
10032
Goldman Sachs Bank
04/04/2012
250,000 00
250,000.00
250,000.00
1 050
1.036
1.050
370
04/06/2015
74267GUA3
10062
PrivateBank B Trust
10118/2013
247,00000
247000.00
246,444.25
0300
0.643
0.652
552
1010512015
7865BOU40
10039
SAFRA National Bank
07110/2012
222,000.00
222,000.00
220,668.00
0.700
0.778
0.789
272
12/29/2014
795450PA7
10044
SalOie Mae Bank
0812212012
245,000.00
249,194.35
245,00100
1.700
1 678
1.701
1,239
08/22/2017
84603M2118
10043
Sovereign Bank
08/01/2012
245,000.00
245,518.32
24 5,000.00
0.850
0.838
0.850
122
08/01/2014
Subtotal and Average
4,082,918.70
4,069,000.00
4,080,748.31
4,067,112.25
0.829
0.841
386
Total and Average
26,134,861.22
26,162,479.32
26,142,027.63
26,140,733.20
0.479
0.485
280
Portfolio LYNW
Data Updated. SET _PMM: 0411112014 10.15 CP
Run Date: 04/112014 -10:15
PM (PRF_PM2) 7 I
17
Lynwood - Maturity Report
Inventory by Maturity Report
March 31, 2014
Net Maturities and Average 26,140,733.20 26,162,479.32 26,162,479.32 0.479 0.485 280
Data Updated: SET 04/11/2014 10:14
Run Date'. 04/112014 -10:14
Portfolio LYNW
CID
IM (PRF_IM) 7.1.1
Report Ve, T3 5
It-]
Sec.
Purchase
Book
Current
Maturity
Maturity
Total
Par
VTM
Daysto
CUSIP
Investment
Fund
Type
Issuer
Date
Value
Rate
Date
Amount
Days
V alue
360
365
Mat
9001
10000
LYNL
PA2
LAIF
07/01/2013
15,970,520.00
0.236
15,970,520.00
1
15,970,520.00
0.233
0.236
1
9000
10011
LYN
PA1
Goldman Sach Govt MMF
07/0112013
122,959.32
0.010
122,959.32
1
122,959.32
0.010
0.010
1
2546705VO
10033
LYN
MC2
Discover Bank
04/04/2012
250,000.00
0.70D
04104/2014
250,000.00
730
250,000.00
0.690
0.700
3
332135FA5
10052
LYN
MO2
First Nat Bank Omaha
1011012012
245,000.00
0.550
04/10/2014
245,000.00
547
245,000.00
0.542
0.549
9
06278CPH2
10069
LYN
MC2
Bank of India
03/31/2014
245 000.00
0.350
07/02/2014
245,000.00
93
245,000.00
0.345
0.350
92
02005QM67
10040
LYN
MC2
Ally Bank
07/1112012
245,000.00
0.9DO
07/11/2014
245,000.00
730
245,000.00
0.888
0.900
101
84603M2H8
10043
LYN
MC2
Sovereign Bank
08/0112012
245,000.00
0.850
08/01/2014
245,000.00
730
245,000.00
0.838
0.850
122
17669WDY8
10045
LYN
MC2
Citizens State Bank
08/28/2012
245,00000
0.450
08/28/2014
245,00000
730
245.000.00
0.444
0450
149
037830OG4
10047
LYN
MC2
Apple Bank
08129/2012
245,000 00
0.550
08/29/2014
245,000.00
730
245 000.00
0.542
0.550
150
05568PY92
10051
LYN
MC2
BMW Bank
09/2112012
245,000.00
0.750
09/22/2014
245,000.00
731
245000.00
0.593
0.602
174
912828RL6
10025
LYN
TRC
U.S. Treasury
10/27/2011
500,546.88
0.500
10/15/2014
500,000.00
1,084
500,000.00
0.456
0.463
197
3137EACY3
10022
LYN
FAC
FHLMC
10112/2011
498,816.00
0.750
11/2512014
500,000.00
1,140
500,00000
0.816
0.827
238
78658OU40
10039
LYN
MC2
SAFRA National Bank
07/10/2012
220,668.00
0.700
12/29/2014
222,000.00
902
222,000.00
0.778
0.789
272
02587DLLO
10053
LYN
MC2
American Express Bank
10118/2012
245000.00
0.850
01/20/2015
245,000.00
824
245,000.00
0.838
0.850
294
38143APB5
10032
LYN
MC2
Goldman Sachs Bank
04/0412012
250,000.00
1.050
04/06/2015
250,000.00
1,097
250,000.00
1.036
1.050
370
3137EADD8
10034
LYN
FAC
FHLMC
05/15/2012
499,340.00
0.500
04/17/2015
500,000.00
1,067
500,000.00
0.538
0.546
381
20451 PADS
1OD36
LYN
MC2
Compass Bank
06/2912012
250,000.00
1.150
06/29/2015
250,000.00
1,095
250,000.00
1.134
1,150
454
3135GONV1
10054
LYN
FAC
FNMA
10/2912012
500425.00
0.500
09/28/2015
500,000.00
1,064
500,000.00
0.464
0.471
545
74267GUA3
10062
LYN
MC2
PrivateBank 8 Trust
10/18/2013
246 444.25
0.700
10/05/2015
247 000.00
717
247,000.00
0.643
0.652
552
3133ECBJ2
10056
LYN
FAC
FFCB
12/2812012
499,715.00
0.430
11/16/2015
500000.00
1,053
500,000.00
0.444
0,450
594
3616OXG27
10037
LYN
MC2
General Electric Bank
06/29/2012
250,000.00
1.350
06/29/2016
250,000.00
1,461
250,000.00
1.332
1.351
820
29976DN09
10050
LYN
MC2
Everbank
09/1912012
245,000.00
0.9D0
09/14/2016
245,000.00
1,456
245000.00
0.888
0.901
897
3137EADSS
10061
LYN
FAC
FHLMC
08/29/2013
498,235.00
0.875
10/14/2016
500,000.00
1,142
500,000.00
0.976
0,990
927
3135GOYW7
10064
LYN
MC1
FNMA
11127/2013
500,650.00
0.750
1112512016
500,000.00
1,094
500000.00
0.696
0.706
969
17284CBW3
10059
LYN
MC2
CA Bank
04/1712013
150,000.00
0.900
04/1712017
150,000.00
1,461
150,000.00
0.088
0.901
1,112
795450PA7
10044
LYN
MC2
Salllie Mae Bank
08/22/2012
245,000.00
1.700
08/22/2017
245,000.00
1,826
245,000.00
1.678
1.701
1,239
912828UA6
10066
LYN
TRC
U.S. Treasury
01/3012014
490,722.66
0.625
11130/2017
500,000.00
1,400
500,000.00
1.106
1.121
1,339
3135GOTG8
10057
LYN
FAC
FNMA
02/19/2013
497,020.00
0.875
02/08/2018
500,000.00
1,815
500,000.00
0.985
0.998
1,409
3135GOWA7
10058
LYN
MC1
FNMA
03/2812013
499,850.00
1.125
03/28/2018
500,000.00
1,826
500,000.00
1.116
1.131
1,457
3135GOYT4
10067
LYN
FAC
FNMA
03/1212014
499,450.00
1.625
11/27/2018
500,000.00
1,721
500,000.00
1.627
1.649
1,701
912828C24
10068
LYN
TRC
U.S. Treasury
03124/2014
495,371.09
1.500
02/28/2019
500,000.00
1,802
500000.00
1.673
1 .696
1,794
Subtotal and
Average
26,140,733.20
26,162,479.32
26,162,479.32
0.479
0.485
280
Net Maturities and Average 26,140,733.20 26,162,479.32 26,162,479.32 0.479 0.485 280
Data Updated: SET 04/11/2014 10:14
Run Date'. 04/112014 -10:14
Portfolio LYNW
CID
IM (PRF_IM) 7.1.1
Report Ve, T3 5
It-]
Lynwood - Credit Rating
Credit Rating Report
March 31, 2014
Sorted by Moody's - Investment Number
Investment#
Issuer
Security #
Purchase
Principal
Book
Value
Market
Value
Moody's
Rating
S&P
Rating
Purchase
Date
Maturity
Date
Days To
Maturity
Stated
Rate
YTM
% of
Total
10011
GSGF
9000
122,959.32
122,959.32
122,959.32
Aaa
AAA
07/01/2013
1
0.010
0.010
0.47
10022
FHLMC
3137EACY3
498,816.00
498816.00
501,385.00
Aaa
AA-
10/12/2011
11/25/2014
238
0.750
0.827
1.91
10025
USTR
912828RL6
500,546.88
500,546.88
501,115.00
Aaa
AA+
10/27/2011
10/15/2014
197
0.500
0.463
1.91
10034
FHLMC
3137EADDS
499,340.00
499,340.00
501,600.00
Aaa
AA+
05/15/2012
04117/2015
381
0.500
0.546
1.91
10054
FNMA
3135GONV1
500,425.00
500425.00
501,790.00
Aaa
AA-
10129/2012
09/28/2015
545
0.500
0.471
1.91
10056
FFCB
3133ECBJ2
499,715.00
499,715.00
500,585.00
Aaa
AA
12/28/2012
11/16/2015
594
0.430
0.450
1.91
10057
FNMA
3135GOTGB
497,020.00
497,020.00
489,440.00
Aaa
AA-
02/19/2013
02/08/2018
1,409
0.875
0.998
1.90
10058
FNMA
3135GOWA7
499,850.00
499,850.00
490,480.00
Aaa
AA+
03/28/2013
03/2812018
1,457
1,125
1.131
1.91
10061
FHLMC
3137EADS5
498,235.00
498,235.00
501,510.00
Aaa
AA+
08/29/2013
10/14/2016
927
0.875
0.990
1.91
10064
FNMA
3135GOYW7
500,650.00
500,650.00
498,070.00
Aaa
AA+
11/27/2013
11/25/2016
969
0.750
0.706
1.92
10066
USTR
91282BUA6
490,722.66
490,722.66
488,865.00
Aaa
AA+
01/30/2014
11/30/2017
1,339
0.625
1.121
1.88
10067
FNMA
3135GOYT4
499,450.00
499,450.00
497,960.00
Aaa
AA
03/12/2014
11/27/2018
1,701
1.625
1.649
1.91
10068
USTR
91282BC24
495,371.09
495,3
4 95,000.0 0
Aaa
AA+
03/24/2014
02/28/2019
1,794
1.500
1,696
1.90
SubTotal for Aaa
6,103,100.96
6,103,100.96
6,090,759.32
942
0.821
0.901
23.35
1000D
LAIF
9001
15,970,520.00
15,970,520.00
15,970,520.00
None
None
07/01/2013
1
0.236
0,236
61.09
10032
GOLD
38143APB5
250,000.00
250000.00
250,000.00
None
None
04/04/2012
04/06/2015
370
1.050
1,050
0.96
10033
DISC
2546705VO
250,000.00
250,000.00
250,014.15
None
None
04/0412012
04/04/2014
3
0.700
0.700
0.96
10036
BBVASM
20451 PADS
250,000.00
250,000.00
252,177.10
None
None
06/29/2012
06/29/2015
454
1150
1.150
0.96
10037
GECAP
36160XG27
250,00000
250,000.00
253,634.68
None
None
06129/2012
06/29/2016
820
1.350
1.351
0.96
10039
SAFR
78658OU40
220,668.00
220,668.00
222.000.00
None
None
07/10/2012
12/2912014
272
0.700
0.789
0.84
10040
ALLY
02005QM67
245,000.00
245,000.00
245485.37
None
None
07/11/2012
07/11/2014
101
0.900
0.900
0.94
10043
SOV
84603M2H8
245,000,00
245,000.00
245,518.32
None
None
08/01/2012
08/01/2014
122
0.850
0.850
094
10044
SLMA
795450PA7
245,000,00
245,000.00
249,194.35
None
None
08/22/2012
08/22/2017
1,239
1.700
1701
0.94
10045
CITSTO
17669WDY8
245,000,00
245,000.00
245,224.44
None
None
0812812012
08123/2014
149
0.450
0.450
0.94
10047
APPBNK
037830OG4
245,000.00
245,000.00
245,328.42
None
None
08/29/2012
08/29/2014
150
0.550
0.550
0.94
10050
FIRALL
29976DN09
245,000.00
245,000.00
245,712.41
None
None
09/19/2012
09/14/2016
897
0.900
0.901
094
10051
BMW
0656SPY92
245,000.00
245,000.00
245,000.00
None
None
09/21/2012
09/22/2014
174
0750
0.602
0,94
10052
FINN
332135FA5
245,000,00
245,000.00
245,024.48
None
None
10/10/2012
04/10/2014
9
0,550
0.549
0.94
10053
AXP
02587DLLO
245,000.00
245,000.00
245,000.00
None
None
10/18/2012
01/2012015
294
0.850
0.850
D,94
10059
CITBAK
17284C3W3
150,000.00
150,000.00
149,339.70
None
None
04/17/2013
04/17/2017
1,112
0.900
0.901
0.57
10062
PVTB
74267GUA3
246,444.25
246,444.25
247,000.00
None
None
10/18/2013
10/0512015
552
0.700
0.652
094
10069
BOHN
06278CPH2
2 45,000.00
245,00
2 45,094.89
None
None
03/31/2014
07/02/2014
92
0.350
0. 350
0. 94
SubTotal for No Specified Rating
20,037,632.25
20,037,632.25
20,051,268.31
79
0.360
0.359
76.68
Data Updated: SET _CRE: 04/11/2014 10:09
Run Date: 04/112014 -10:09
Portfolio LYNW
CP
CR(PRF CR1720
Report Ver. 7.3.5
[ra
Lynwood - Portfolio Management
Portfolio Management
Page 1
Interest
Earnings Summary
March 31, 2014
March 31 Month Ending
Fiscal Year To Date
CD /Coupon /Discount Investments:
Interest Collected
9,489.07
61,410.48
Plus Accrued Interest at End of Period
18,225.71
18,225.71
Less Accrued Interest at Beginning of Period
( 20,919.30)
( 21,537.23)
Less Accrued Interest at Purchase During Period
( 0.00)
( 0.00)
Interest Earned during Period
6.795.48
58,098.96
Adjusted by Capital Gains or Losses
937.50
5,322.50
Earnings during Periods
7,732.98
63,421.46
Pass Through Securities:
Interest Collected
0.00
0.00
Plus Accrued Interest at End of Period
0.00
0.00
Less Accrued Interest at Beginning of Period
( 0.00)
( 0.00)
Less Accrued Interest at Purchase During Period
( 0.00)
( 0.00)
Interest Earned during Period
0.00
0.00
Adjusted by Premiums and Discounts
0.00
0.00
Adjusted by Capital Gains or Losses
0.00
0.00
Earnings during Periods
0.00
0.00
Cash /Checking Accounts:
Interest Collected
1.32
30,420.76
Plus Accrued Interest at End of Period
24,120.48
24,120.48
Less Accrued Interest at Beginning of Period
( 20,865.44)
( 10,400.90)
Interest Earned during Period
3,256.36
44,140.34
Total Interest Earned during Period
10,051.84
102,239.30
Total Capital Gains or Losses
937.50
5,322.50
Total Earnings during Period
10,989.34
107,561.80
Portfolio LYNW
Data Updated: SET_PMM: 04111/2014 10:15 CID
Run Date'. 041112 014 -10'15 PM (PRF_PM6) 73.0
Report Ver. 73.5
04A
Lynwood - Interest Reports
Interest Earnings
Sorted by Fund - Fund
March 1, 2014 - March 31, 2014
Yield on Beginning Book Value
Adjusted Interest Earn
Security Ending Beginning Ending Maturity CurrentAnnualized Interest Amortization/ Adjusted Interest
CUSIP Investment# Fund Type Par Value Book Value Book Value Date Rate Yield Earned Accretion Earnings
Fund:Lynwood
9000
10011
LYN
PA1
122,959.32
366,148.94
122,959.32
0.010
0.009
2.75
0.00
2.75
3137EACY3
10022
LYN
FAG
500,000.00
498,816.00
498,816.00
11/25/2014
0.750
0.738
312.50
0.00
312.50
912828RL6
10025
LYN
TRC
500,000.00
500,546.88
500546.88
10/1512014
0.500
0.501
212.92
0.00
212.92
3134G35E1
10031
LYN
MCI
0.00
499,062.50
0.00
03/2112016
1.000
1.016
277.78
0.00
277.78
38143APB5
10032
LYN
MC2
250,000.00
250,000.00
250,000.00
04/06/2015
1.050
1.050
222.94
0.00
222.94
2546705VO
10033
LYN
MC2
250,000.00
250,000.00
250,000.00
04/04/2014
0.700
0.700
14863
0.00
148.63
3137EADD8
10034
LYN
FAC
500,000.00
499,340.00
499,340.00
04/17/2015
0.500
0.491
208.33
0.00
208.33
20451 PADS
10036
LYN
MC2
250,000.00
250,000.00
250,000.00
06/29 12015
1.150
1.150
244.18
0.00
244.18
3616OXG27
10037
LYN
MC2
250,000.00
250,000.00
250,000.00
06/29/2016
1.350
1.350
286.64
0.00
286.64
7865BOU40
10039
LYN
MC2
222,000.00
220,668.00
220,668.00
12/2912014
0,700
0.704
131.99
0.00
131.99
02005OM67
10040
LYN
MC2
245,000.00
245,000.00
245,000.00
07/11/2014
0.900
0.900
187.27
0.00
187.27
84603M2H8
10043
LYN
MC2
245,000.00
245,000.00
245,000.00
08/01/2014
0.850
0.850
176.87
0.00
176.87
795450PA7
10044
LYN
MC2
245,000.00
245,000.00
245,000.00
08122/2017
1.700
1.700
353.74
0.00
353.74
17669WDYO
10045
LYN
MC2
245,000.00
245,000.00
245,000.00
08/28/2014
0.450
0.450
93.64
0.00
93.64
06426NDJB
10046
LYN
MC2
0.00
245,000.00
0.00
03/03/2014
0.600
0.600
8.06
0.00
8.06
037830QG4
10047
LYN
MC2
245,000.00
245,000.00
245,000.00
08/29/2014
0.550
0.550
114.44
0.00
11444
37475PCK6
10048
LYN
MC2
0.00
245,000.00
0.00
08/28/2015
0.800
0.800
161.10
0.00
161.10
29976DNQ9
10050
LYN
MC2
245,000.00
245,000.00
245,000.00
09/14/2016
0.900
0.900
187.28
0.00
187.28
05568PY92
10051
LYN
MC2
245,000.00
245,000.00
245,000.00
09/22/2014
0.750
0.750
156.07
0.00
156.07
332135FA5
10052
LYN
MC2
245000.00
245,000.00
245,000.0004/10
/2014
0,550
0.550
114.45
0.00
114.45
02587DLLO
10053
LYN
MC2
245,000.00
245.000.00
245,000.00
01/2012015
0.850
0.850
176.87
0.00
176.87
3135GONVI
10054
LYN
FAC
500,000.00
500,425.00
500,425.00
09/2812015
0.500
0.490
208.33
0.00
208.33
3133ECBJ2
10056
LYN
FAC
500,000.00
499,715.00
499,715.00
11/16/2015
0.430
0.422
179.17
0.00
179.17
3135GOTG8
10057
LYN
FAC
500,000.00
497,020.00
497,020.00
02/08/2018
0.875
0.864
364.59
0.00
364.59
3135GOWA7
10058
LYN
MCI
500,000.00
499,850.00
499,850.00
03/28/2018
1.125
1.104
468.75
0.00
46835
17284CBW3
10059
LYN
MC2
150000.00
150,000.00
150,000.00
04/17/2017
0.900
0,900
114.66
0.00
114.66
3137EADS5
10061
LYN
FAC
500,000.00
498,235.00
498,235.00
10/14/2016
0.875
0.862
364.58
0.00
364.58
74267GUA3
10062
LYN
MC2
247,000.00
246,444.25
246,444.25
10105 /2015
0.700
0,702
146.85
0.00
146.85
3135GOYW7
10064
LYN
MCI
500,000.00
500,650.00
500,650.00
11/25/2016
0.750
0.735
312.50
0.00
312.50
Portfolio LYNW
Data Updated: SET _INT: 04!1112014 10:12 CP
Run Date: 04/112014 - 10.13 IE (PRF_IE) 7.2 0
Report V.,, 73 5
23
FTN FINANCIAL. Economic and Market Update
MAINS'M� A OVisoas 3/31/2014
Quarterly Changes
Item
3131/2014
12/31/2013
Change
GDP YOY% Change'
2.7%
2.6%
0.1%
GDP QOQ% Change
1.8%
2.6%
-0.8%
U.S. Payrolls Qtrly Change
618,000
595,000
23,000
Unemployment Rate
6.7%
6.7%
0.0%
Labor Force Participation
63.2%
62.8%
0.4%
Effective Fed Funds Rate
0.06%
0.07%
- 0.01%
1st Project Fed Funds Hike
Sep 2015
Aug 2015
+1 Month
3 Month T -Bill
0.033%
0.068%
- 0.035%
2 Year T -Note
0.420%
0.382%
0.038%
3 Year T -Note
0.869%
0.766%
0.103%
5 Year T -Note
1.719%
1.743%
- 0.024%
10 Year T -Note
2.719%
3.029%
- 0.310%
U.S. Fed Debt Avg Yield
1.970%
1.975%
- 0.005%
30 Year Mortgage Rate
4.38%
4.54%
- 0.16%
1 -5 Yr Agency Spread
0.04%
0.07%
-0.03%
1 -5 Yr Corporate Spread
0.53%
0.63%
-0.10%
Dow Jones
16,458
16,577
- 0.718%
S &P 500
1,872
1,848
1.297%
Consumer Price Index YOY'
1.5%
1.5%
0.0%
U.S. Avg Regular Unleaded
$3.56
$3.32
$0.23
Retail Sales YOY
2.8%
3.4%
- 0.6`Yo
Case- Shiller Home Prices YOY`
13.10%
13.38%
-0.28%
Gold (per ounce)
$1,284.01
$1,201.64
$82.37
Dollar Index
80,10
80.04
0.06
Consumer Confidence 1
82.30
77.50
4.80
'Estimates for the current quarter
Sources: FTN Main Street and Bloomberg
31
FTN FINANCIAL
MAIN STREET ADVISORS
Quarterly Economic and Market Update
March 2014
30
FTN FINANCIAL, Economic and Market Update
MAIN STREET ADVISORS 3/31/2014
Source U.S. Treasury
39
FTN FINANCIAL. Economic and Market Update
MAIN STREET ADVTS RS 3/31/2014
Maturity
12/31/13
3131/14
Change
®
fir•
r�.
®
®®
r tt
Source. Bloomberg
40
FTN FINANCIAL. Economic and Market Update
MAIN Sr = ADVISORS 3/31/2014
Source. Bloomberg
41
U.S. Treasury Yields: 2Y and SY
3.00
+ Sy
2.75
•
—2Y
2.50
. _ •. __ __... _ _-
_._.__
i
•�
2.25
-
2.00
1.75
P
1.50
-
- •fir
v
a
1.25
1.00
0.75
•,- .• ...
••w•
0.50
0.25
0.00
0 0 0 0
0 0
0
C Q V i0 C Q V C Q U
C Q V
Source. Bloomberg
41
FTN FINANCIAL. Economic and Market Update
MAIN ST tFFT AD"SOR5 3/31/2014
i-urrem[ apreao is ac
BofA /Merrill Index (option adjusted spread vs. Treasury)
Agency (GVPO)
'BofA /Merrill Index (option adjusted spread vs. Treasury)
Corporate A -AAA (CVIO)
Source: Bank of America Merrill Lynch Indicies
"A