HomeMy Public PortalAboutA 2016-05-03 LSAApr 28 2016 04:41PM QEY Of Lynwvad 3108660449
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RECEIVED
APR 2 8 2' D*
CITY OF LYNWOOD ITY of LYNWOOD PRICE
C17aaRKS FFfEE
As Successor Agency to the Lynwood Redevelopment Agency
Edwin Hernandez, Mayor
Aide Castro, Mayor pro -Tam
Salvador AlElorra, Councilmember
Maria Teresa Santillan Baas, Councilmember
at
Jose Luis Solache, Counmember
This Agenda Contains a brief general tlescrip on of each item to be oorlsiderod Coptaq pf ye Stell
file in Ol of the
reports cr other vvt ten docamentalion relab'ng to each item cd business referred to on [rye Agenda ere
on
conCemIng airy of the agenda
a
Y Cleric and are avaAabls for public inspection. Any person who has a gaesuon
enda items Inay cell the 01y, Managet at (310) 603.0220 ext. 200.
AGENDA
CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE
LYNWOOD REDEVELOPMENT AGENCY
YAY 3, 2016
REGULAR MEETING
6:00 P.M.
CITY HALL
11330 BULLIS ROAD
EDWIN HERNANDFZ
MAYOR
AIDE CASTRO
MAYOR PRO -TEM '
MARIA TERESA SANTILLAN-REAS
COUNCILMEMBER
CITY MANAGER
J. ARNOLDO 13ELTRAN
CRY CLERK
MARIA QUINONEZ
SALVADOR ALATORRE
COUNCILMEMBER
JOSE LUIS SOLACHE
COUNCILMEMBER
CITY ATTORNEY
DAVIDA GARCIA
CITY TREASURER
GABRIELA CAMACHO
OPENING CEREMONIES:
A. Call Meeting to Order
B. Roll Call (ALATORRE-SANTILLAN BEAS-SOLACHE-CASTRO-HERNANDEZ)
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.
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 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, 2016.
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.
n
AGENDA STAFF REPORT
DATE: May 3, 2016
TO: Honorable Mayor and Members of City Council, as Successor to
Lynwood Redevelopment Board
APPROVED BY: J. Arnoldo Beltran, City Manager
PREPARED BY: Gabriela Camacho, City Treasure
Sheila Harding, Deputy City Treasurer
SUBJECT: Treasurer's Quarterly Investment Report
Recommendation:
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 3`d quarter ending March
31, 2016.
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, investments and highlight changes from one period
to another. The scope of this report covers the first quarter ending September 2015 for
the City. This report includes reconciliation between cash and investment balances, a
schedule of all investments, and a report providing information on all investment type ,
costs, interest rates, maturity dates and current market value. 'AGE
NE
ITEM
Z
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 3`d quarter
reporting is $3,641.07 of which, $2,276.80 has been collected. The remaining balance
of Non Sufficient Funds for the 3`d quarter outstanding is $1,364.27.
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 Report
• Accrued Interest Report
• Cash Reconciliation 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 LYN W OOD
QUARTERLY REPORT
March 31, 2016
MASTER SUMMARY
AVERAGE
MARKET PERCENTAGE(%) DAYSTO
DESCRIPTION VALUE PORTFOLIO MATURITY
INVESTMENTS*
30,055,778.58 100%
CERTIFICATE OF DEPOSIT/TIME DEPOSIT/
MONEY MARKET/CUSTODY HOLDINGS 3,373,482.04
CHECKING ACCOUNT
6,752,365.79
TOTALAVERAGES $ 10,125,847.83
TOTAL INVESTMENTS & AVERAGES $ 40,181,626.41
*See Report Prepared by Main Street Capital Advisors
Idi19:iN:L'bi[:7
t this report accurately reflects all pooled
policy statements adopted by the City Council
15, 1995. A copy of this policy is available at
the office of the City Clerk. The Investment Program herein
shown provides sufficient cash flow liquidy to meet 3 to 6
months estimated expenditures.
CITY OF LYNWOOD
QUARTERLY REPORT
31 -Mar -16
PORTFOLIO SUMMARY
PAR MARKET BOOK
INVESTMENTS VALUE VALUE VALUE
*Money Market Funds
$
54,836.30
$
54,836.30
$
54,836.30
LAIF
$
19,577,134.43
$
19,577,134.43
$
19,577,134.43
Corporate Notes
$
2,250,000.00
$
2,267,930.00
$
2,252,156.14
Federal Agency
$
1,500,000.00
$
1,511,305.00
$
1,499,540.01
Treasury Coupon Securities
$
1,000,000.00
$
1,008,205.00
$
993,240.39
Federal Agency - Callable
$
500,000.00
$
500,115.00
$
499,940.25
CD -FDIC
$
5,099,000.00
$
5,136,252.85
$
5,097,473.11
TOTAL
$
29,980,970.73
$
30,055,778.58
$
29,974,320.63
*Money Market Fund held at Goldman Sach
Schedule of City Cash 8, Investments: This schedule provides information on the cash and investments
managed by the City.
Time Deposit/MM/Certificate of Deposit
Balance
Maturity Date
Interest
JP Morgan Chase (Section 108)
$
123,707.88
N/A
$
22.28
JP Morgan Chase- Money Market Account
$
1,858,453.16
N/A
$
334.68
JP Morgan Chase- Parking Enforcement
$
1,386,783.44
N/A
$
241.61
USBANK-CD
$
-
March -14
N/A
US Bank - Fasade Improvement
$
-
N/A
$
-
USBank- City of Lynwood
$
4,537.56
N/A
$
0.18
TOTAL
$
3,373,482.04
$
598.75
Corporate Checking Accounts
Balance
General Account
$
3,209,932.62
US Bank - City HCDA
$
33,454.79
US Bank - City Home Program
$
34,144.00
US Bank - Economic Development
$
193,860.67
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
$
330,434.52
US Bank -Taxable Tabs Housing Proj.
$
1,834,809.45
US Bank - US Dept. of HUD/Section 108
$
170,048.96
US Bank- Lynwood Disaster Relief Fund
$
51000.00
US Bank -Settlement Remittance Fund
$
764,088.80
US Bank- Housing Authority
$
100,000.00
TOTAL
$
6,752,365.79
MARCH 2016
CITY OF LYNWOOD
QUARTERLY INVESTMENT REPORT
March 31, 2016
Schedule of City Cash & Investments: This schedule provides information on the cash and
investments managed by the City.
Money Market/Certificate of Deposit (CD)
JP Morgan Chase - Section 108 MMA
JP Morgan Chase - Money Market Account
1P Morgan Chase - Parking Enforcement
US Bank - Certificate of Deposit - Closed March 2016
US Bank - Fasade Improvement - Closed March 2016
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
US Bank - Settlement Remittance Fund
US Bank - Housing Authority
Total
Quarterly Interest Credit
Balance Interest F/Yto Date
$
123,707.88
$
22.28
$
40.99
$
1,858,453.16
$
334.68
$
616.02
$
1,386,783.44
$
241.61
$
429.32
$
5,000.00
N/A
764,088.80
$
100,000.00
$
6,752,365.79
$
4,537.56
$
0.18
$
3,373,482.04
$
598.75
$
1,086.33
$ 3,209,932.62
$ 193,860.67
$
6,772.17
$
18,000.09
$
33,454.79
$
34,144.00
$
1,834,809.45
$
2,791.24
$
49,028.48
$
170,048.96
$
330,434.52
$
5,000.00
$
764,088.80
$
100,000.00
$
6,752,365.79
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 Depositor CD, is a time deposit. They are similar to savings
accounts in that they are insured and relatively risk-free. They are different from savings accounts in that
they usually are for a fixed term and a fixed interest rae. 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, 2016
LAIF Daily .51% - Quarterly .47%
Interest Date
Issuer Investment Balance
State of California LAIF $ 19,577,134.43 16,115.85 16 -Jan -16
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 distribued quarterly. (See Chart Below)
Treasures
0
Mortgages
Agencies
CDsfBNs
Time Deposits
Now Account 0.
Commercial Paper
Corporate Bond:
Loans
CH 2016
Pooled Money Investment Account
Portfolio Composition
67.7 Billion
3/31/2016
000%
47.01%
ril
16.33%
8.35%
If0i0%%
y o 93%
8.91%-
0 0.2 0.4 0.6 0.8 1
CITY OF LYNWOOD
QUARTERLY REPORT
31 -Mar -16
BALANCES PER MONTH
2016 2015
Jan - Mar Apr -June July - Sept Oct - Dec
Investments Managed by Main Street
$
30,055,778.58
$ 35,385,388.97
$ 30,158,599.30
$ 25,946,988.38
Cash & Investments
$
10,125,847.83
11,053,580.37
$ 9,816,916.03
$ 10,379,872.89
Per Treasurer's Reports
$
40,181,626.41
$ 46,438,969.34
$ 39,975,515.33
$ 36,326,861.27
BALANCES PER STATEMENT
DEMAND DEPOSIT ACCOUNTS
Accounts
Jan -16
Balances per Statement
Beginning
Credits
Debits
Ending
US Bank - General Account*
$
3,211,728.65
$
7,315,618.01
$
3,071,104.69
$
7,456,241.97
*Local Agency Investment Fund
$
15,561,022.58
$
16,111.85
$
-
$
15,577,134.43
US Bank - Economic Development
$
77,565.92
300.00
24,099.00
$
53,766.92
US Bank -RORF- Successor Agency
$
745,048.46
$
363,344.86
$
545,652.53
$
562,740.79
Accounts
Feb -16
Balances per Statement
Beginning
Credits
Debits
Ending
US Bank- General Account*
$
7,456,241.97
$
3,331,947.90
$
8,322,770.31
$
2,465,419.56
*Local Agency Investment Fund
$
15,577,134.43
$
4,000,000.00
$
-
$
19,577,134.43
US Bank - Economic Development
$
53,766.92
$
-
$
-
$
53,766.92
US Bank -RORF- Successor Agency
$
562,740.79
$
2,477.49
$
234,783.76
$
330,434.52
Accounts
Mar -16
Balances per Statement
Beginning
Credits
Debits
Ending
US Bank -General Account
$
2,465,419.56
$
4,610,304.49
$
3,865,791.43
$
3,209,932.62
*Local Agency Investment Fund
$
19,577,134.43
$
-
$
-
$
19,577,134.43
US Bank - Economic Development
$
53,766.92
$
140,093.75
$
-
$
193,860.67
US Bank -RORF- Successor Agency
$
330,434.52
$
-
$
-
$
330,434.52
*Funds transferred from LAIF account to the general account to cover expenditures
Large Checks Issued 3rd Quarter
5,232,328.12
Jan -16 182586 L.A. COUNTY SHERIFF DEPT.
182654 CALPERS
182667 LOS ANGELES COUNTY FIRE DEPARTMENT
182709 WASTE RESOURCES, INC.
JAN.TOTAL
Feb -16 182724 WATER REPLENISHMENT DISTRICT OF SO. CA
182789 L.A. COUNTY SHERIFF DEPT.
182823 U.S. BANKTRUST
182846 C.S. LEGACY CONSTRUCTION, INC.
182880 LOS ANGELES COUNTY FIRE DEPARTMENT
182938 WASTE RESOURCES
FEB.TOTAL
Mar -16 183011 HONEYWELL, INC.
183022 L.A. COUNTY SHERIFF DEPT.
183104 WATER REPLENISHMENT DISTRICT OF SO. CA.
183149 CAL -CITY CONSTRUCTION, INC.
183280 WASTE RESOURCES, INC.
183319 WATER REPLENISHMENT DISTRICT OF SO. CA.
MAR. TOTAL
778,743.93
400,000.00
485,933.50
116,359.75
1,781,037.18
110,955.81
789,475.46
289,139.09
111,903.66
484, 778.78
151, 530.45
1,937,783.25
102,132.20
783,572.45
101,062.13
300, 919.15
124,097.41
101,724.35
1,513,507.69
CITY OF LYNWOOD
BOND REPORT
31 -Mar -16
Lynwood Public Finance Authority
Lease Revenue Bond, Civic Center Series 2010A Aug -10 $9,000,000.00 5,133,530.48
US Bank Corporate Trust Services
Lynwood Redevelopment Agency Mar -11 $18,480,000.00 18,952,920.98
Tax Allocation Bonds, Series 2011, Series A
Fiscal Agent Activities
US Bank Corporate Trust Services
Lynwood Redevelopment Agency Mar -11 $5,660,000.00 554,404.97
Tax Allocation Bonds, Series 2011, Series B
Fiscal Agent Activities
US Bank Corporate Trust Services
Lynwood Public Financing Authority Aug -03 $8,630,000.00 1,397,409.92
Lease Revenue Refunding Bonds 2003 A
US Bank Coporate Trust Services
MARCH 2016
PURCHASE
PAR
MARKET
TRUSTEE ACCOUNTS
DATE
VALUE
VALUE
Lynwood Utility Authority
May -09
$9,755,000.00
3,721,525.50
Enterprise Refunding Revenue Bond, 2008 Series A
BNY Trust Company
Lynwood Untility Authority
Nov -08
$5,732,000.00
573,511.89
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 5,133,530.48
US Bank Corporate Trust Services
Lynwood Redevelopment Agency Mar -11 $18,480,000.00 18,952,920.98
Tax Allocation Bonds, Series 2011, Series A
Fiscal Agent Activities
US Bank Corporate Trust Services
Lynwood Redevelopment Agency Mar -11 $5,660,000.00 554,404.97
Tax Allocation Bonds, Series 2011, Series B
Fiscal Agent Activities
US Bank Corporate Trust Services
Lynwood Public Financing Authority Aug -03 $8,630,000.00 1,397,409.92
Lease Revenue Refunding Bonds 2003 A
US Bank Coporate Trust Services
MARCH 2016
Lynwood - Portfolio Management
Portfolio Management
Portfolio Summary
March 31, 2016
Total Earnings March 31
Month Ending
Market
nook
%of
173,650.15
Days to
YTM
YTM
InvestmentsPar
value
Value
Value
POMo90
Tenon
Maturity,
360 Equi..
365 Equiv-
Money Market Funds
54.836.30
54.896.30
54,838.30
0.10
1
1
0.247
0250
LAW
19,577.134.43
19.577,134A3
19.577.134.43
85.31
1
1
0.464
0.470
Corporate Nm
2,250.000.00
22e7,930.00
2.252.158.14
7.51
981
685
1.472
tA92
Federal Agency
1,500,000.00
1,511.305.00
1,499,540.01
5.00
1,209
530
1.079
1.094
Treasury Coupon Securities
1,000.000.00
1,008205.00
993,240.39
3.31
1,001
83B
1.39D
1.409
Federal Agency Callable
5D0.000.00
50D,11500
499.94D.25
1.67
1,628
720
1.110
1.131
CD -FDIC
5,099.000.00
5,13525205
5,007.473.11
17.01
1,105
544
1.291
1.309
29,980,970.73
30,055,778.58
29,974,320.63
100.00%
406
211
0.752
0.762
Investments
Total Earnings March 31
Month Ending
Ftscal Year To Date
Current Year
19,593.77
173,650.15
Average Daily Balance
29,969,237.92
29,979,116.11
Effective Rate o1 Return
0.77%
0.77%
4-8-16
FTN F' molal Man Shed Advisors, Rick Phillips
Reporting period 03;1072016-031!112016
Data Updated SET PM%t 04108x1016 10:33
R un Donr G4,D3W 16 -1034
Portfolio LYNW
AP
PM (PFS PIAT 17.3.0
R Egon Ven 7.a5
15
FJN FINANCIAL Portfolio Summary
3/31/2016 City of Lynwood
SECTOR ALLOCATION
Per Book Value
ACCOUNT SUMMARY
6
AIF 65.3% 1
'Book Value is Amortized
MATURITY DISTRIBUTION
80
73.0%
70%
60%
50%
40%
30%
20% 15.4%
10.8%
10%
0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y
Per Book Value
MONTH-END PORTFOLIO BOOK YIELD
1.50%
0.90% �
0.70% �
0.50% i
J Total --w—Ex LAIF
a �
0.30% ; T
O- V 0 to> to C 0
CREDIT QUALITY (MOODY'S)
Aaa
Aa3
Aat
Al
A2
P-1
NR -FDIC
CDs
NR-LAIF
0% 25% 50%
Not Rated
TOP ISSUERS
65.3%
75%
Issuer
3/31/16
2/29/16
Market Value
$30,055,779
$30,032,084
Book Value
$29,974,321
$29,963,534
Variance
$81,458
$68,550
Par Value
$29,980,971
$29,974,280
Net Asset Value
$100.272
$100.229
Purchase Yield
0.76%
0.75%
Years to Maturity
0.58
0.59
Effective Duration
0.57
0.60
'Book Value is Amortized
MATURITY DISTRIBUTION
80
73.0%
70%
60%
50%
40%
30%
20% 15.4%
10.8%
10%
0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y
Per Book Value
MONTH-END PORTFOLIO BOOK YIELD
1.50%
0.90% �
0.70% �
0.50% i
J Total --w—Ex LAIF
a �
0.30% ; T
O- V 0 to> to C 0
CREDIT QUALITY (MOODY'S)
Aaa
Aa3
Aat
Al
A2
P-1
NR -FDIC
CDs
NR-LAIF
0% 25% 50%
Not Rated
TOP ISSUERS
65.3%
75%
Issuer
% Portfolio
LAIF
65.3%
FHLMC
3.3%
FNMA
3.3%
U.S. Treasury
3.3%
Honda
0.8%
John Deere
0.8%
EXXON
0.8%
Pfizer Inc
0.8%
US Bank
0.8%
BMW Bank
0.8%
General Electric Bank
0.8%
Caterpillar
0.8%
Wells Fargo & Company
0.8%
Toyota Motor Credit Corp.
0.8%
Chevron
0.8%
Per Book Value
FTN FINANCIAL. Investment Policy Compliance
MAIN Siam !. Aovix'a' 3/31/2016 City of Lynwood
Item / Sector
Parameters
In Compliance
Weighted Average Maturity
Weighted Average Maturity (WAM) must be less than 3.0 years
Yes: 0.58 Yrs
Liquidity
At least 30% of the portfolio must have maturities of 1 year or less
Yes: 73.0%
U.S. Treasuries
No sector limit, no issuer limit, maximum maturity 5 years
Yes: 3.3%
U.S. Federal Agencies
50% sector limit, no issuer limit (FHLB, FFCB, FNMA, FHLMC), maximum maturity 5 years
Yes: 6.7%
Negotiable Certificates of Deposit
30% sector limit, issuer limit no greater than FDIC insured limit (currently $250,000), max maturity 5 years,
Yes: 17.0%
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,
Yes: 0.0%
Deposit
collateralized according to State Code
Commercial Paper
25% sector limit, 2% per issuer, maximum maturity 270 days, rated A-1 S&P or P-1 Moody's, issued by a
Yes: 0.0%
domestic corporation w/ at least $500 million of assets and A- (S&P) or A3 (Moody;s) long term debt
LAIF
No sector limit, issuer limit is $40 million
Yes: $19.6
(Million)
Corporate Medium Term Notes
30% sectors limit, 2% issuer limit (includes CP in aggregate), maximum maturity 5 years, rated at least A
Yes: 7.5%
by S&P or A2 by Moody's
Money Market Mutual Funds
Sector limit 20%, issuer limit 10%, Aaa (S&P) and AAA (Mcody's)*
Yes: 0.2%
Collateralized Bank Deposits
No sector limit, collateralized according to State Code
Yes: 0.0%
*MMF are not included in the Investment Policy, but are allowed persuant to State Code with the provisions listed above
Securities' market values are derived from the Entity's custodian.
/ FTN FINANCIAL Historical Earnings and Book Rate of Return Performance
MAINS I III I t Anvu,rKs 3/31/2016 City of Lynwood
$200
$180
$160
$140
o $120
N $100
t $80
~ $60
$40
$20
$0
Fiscal Year -to -Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb
Fiscal YTD ($000s)
Jul
AugSep
Apr Vay
In
Fiscal YTD ($000s)
Jul
AugSep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
FY 2013
$11.3
$23.2
$33.4
$54.7
$63.9
$72.7
$88.2
$98.6
$109.8
$125.3
$135.8
$145.8
FY 2014
$10.1
$24.6
$34.1
$51.3
$61.1
$70.7
$87.2
$96.6
$107.6
$123.5
$133.8
$144.8
FY 2015
$12.2
$25.2
$38.6
$60.4
$73.8
$87.6
$109.0
$122.3
$136.9
$159.5 1
$174.8
$190.5
FY 2016
$16.9
$34.0 1
$49.5
$78.2 1
$93.6
$109.5
$136.7
$154.3 1
$173.9
0.90%
0.80%
0.70%
0.60%
0.50%
0.40%
0.30%
0.20%
0.10%
0.00%
Book Rate of Return vs Benchmark
-r-Portfolio
rt -Benchmark
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fisca YTD 1
Jul
1 AugSep
1 Oct 1
Nov
1 Dec 1
Jan
1 Feb
Mar r May Jun
Book Rate of Rtn 1
0.56%
1 0.58%
1 0.59%
1 0.71% 1
0.71%
1 0.71% 1
0.77%
1 0.77%
0.77%
Custom Benchmark" 1
0.40%
1 0.42%
1 0.43%
1 0.45% 1
0.47%
1 0.50% 1
0.53%
1 0.55% 1
0.58%
ariance 1
0.16%
1 0.16%
1 0.16%
1 0.26% 1
0.24%
1 0.21% 1
0.24%
1 0.22% 1
0.19%
'Benchmark. 60% f AIF's Monthly Dstnbu6on Rate and 24 Month Moving Average of 40% of the 1-3 Year Agency Index
12
Lynwood - Portfolio Management
Portfolio Management
Portfolio Details - Investments
March 31, 2016
Page 1
CUSIP Investment# Issuer
Average Purchase
Balance Date
Par Value
Market Value
Book Value
Stated
Rate
YTM Maturity
366 Moodyb SSP Date
Money Market Funds
1.250
1.267
A2
A
08/18/2017
166764AEO
10105
9000 10011
Goldman Sach Govt MMF
01/11/2016
54,836.30
54,836.30
54,836.30
0.250
0.250 Aaa AAA
Aal
Subtotal and Average
83,183.21
64,836.30
54,836.30
64,836.30
0.260
tAIF
251,422.50
250,446.21
1.400
1.210
A2
A
03/15/2017
9001 10000
LAIF
Honda
19,577,134.43
19,577,134.43
19,577,134.43
0.470
0.470
2.125
Subtotal and Average
19,677,134.43
19,577,134.43
19,677,134.43
19,677,134.43
10095
0.470
Corporate Notes
14912L6D8
10074
Caterpillar
08/20/2014
250,000.00
250.780.00
249,942.37
1.250
1.267
A2
A
08/18/2017
166764AEO
10105
Chevron
01/11/2016
250,000.00
252,365.00
249,499.83
1.718
1.810
Aal
AA-
06/24/2018
24422ERN1
10086
John Deere
12/29/2014
250,000.00
251,422.50
250,446.21
1.400
1.210
A2
A
03/15/2017
02665WAC5
10109
Honda
03/10/2016
250,000.00
254.500.00
252,416.67
2.125
1.732
At
A+
10/10/2018
717081DG5
10095
Pfizer Inc
07/21/2015
250,000.00
253,082.50
250,053.24
1.500
1.490
Al
AA
06/15/2018
89233P7EO
10103
Toyota Motor Credit Corp.
12/23/2015
250,000.00
251,330.00
249,772.41
1.375
1.427
Aaa
AA-
01/10/2018
90331HMH3
10080
US Bank
09/12/2014
250,000.00
250,707.50
250,018.07
1.375
1.370
Al
AA-
09/11/2017
94974BGBO
10078
Wells Fargo 8 Company
09/09/2014
250,000.00
250,445.00
249.894.59
1.400
1.430
A2
A
09/08/2017
30231GAP7
10110
Exxon
03/10/2016
250000.00
253,297.50
250,112.75
1.708
1.692
Aaa
AAA
03/01/2019
Subtotal and Average
2,106,280.63
2,260,000.00
2,267,930.00
2,262,166.14
1.492
Federal Agency
3137EADS5
10061
FHLMC
08/29/2013
500,000.00
501,210.00
499,697.20
0.875
0.990
Aaa
AA.
10/14/2016
3134G6YC7
WON
FHLMC
04/27/2015
500.000.00
500,180.00
500,153.02
0.670
0.644
Aaa
AA.
05/30/2017
3135GOYT4
10067
FNMA
03/12/2014
500,000.00
509,915.00
499,689.79
1.625
1.649
Aaa
AA.
11/27/2018
Subtotal and Average
1,612,161.16
1,500,000.00
1,511,305.00
1,499,640.01
1.094
Treasury Coupon
Securities
912828UA6
10066
U.S. Treasury
01/30/2014
500,000.00
499,200.00
495,970.98
0.625
1.121
Aaa
AA.
11/30/2017
912828024
10068
U.S. Treasury
03/24/2014
500,000.00
509,005.00
497,269.47
1.500
1.696
Aaa
AA+
02/28/2019
Subtotal and Average
993,102.46
1,000,000.00
1,008,206.00
993,240.19
1.409
Federal Agency Callable
3135GOWA7
10058
FNMA
03/2811013
500,000.00
500,115.00
499,940.25
1.125
1.131
Aaa
AA+
03/28/2018
Subtotal and Average
499,939.08
500,000.00
500,116.00
499,940.25
1.131
Data Updated: SET _PMM: 04/08/2016 10:33
Run Data'. 04/082016 -10.34
Portfolio LYNW
AP
PM (PRF_PM2) 730
Report Ver. 73.5
17
Lynwood - Portfolio Management
Portfolio Management
Portfolio Details - Investments
March 31, 2016
Page 2
Portfolio LYNW
Data Updated: SET _PMM: 04/08/2016 10:33 AP
Run Date: 04M 2016-1034
PM (PRF_PM2) 7.3.0
18
Average
Purchase
Stated
YTM
Maturity
CUSIP
Investment# Issuer Balance
Date
Par Value
Market Value
Book Value
Rate
365 Moody's
S&P Date
CD -FDIC
20033AJL1
10083
Comenity, Capital Bank
11/28/2014
248,000.00
252,444.50
247,771.08
1.700
1.744
05125/2018
02006LFB4
10071
Ally Bank
06/11/2014
248,000.00
247,833,69
248,000.00
1.100
1.100
06/12/2017
02587DZM3
10090
American Express Centurion
07/01/2015
246,000.00
252,259.69
248,000.00
1.650
1.650
07/02/2018
02587CCR9
10082
American Express Bk FSB
11/13/2014
248,000.00
257,872.54
248,000.00
2.150
2.151
11/13/2019
06740KGZ4
10072
Barclays Bank
07/03/2014
245,000.00
245,072.23
244,848.48
1.150
1.200
07/03/2017
20451PNKB
10097
Compass Bank
08/31/2015
248,000.00
250,908.81
248,000.00
1.500
1.500
03/01/2018
05573J5W0
10100
BMO Hams Bank NA
10/21/2015
248,000.00
248,244.37
248,000.00
1.100
1.100
10/23/2017
05580ABC7
10087
BMWBank
01/23/2015
250,000.00
249,832.09
250,000.00
0.900
0.901
01/23/2017
14042RAQ4
10098
Capital One NA
10/08/2015
248,000.00
252,584.21
247,696.01
1.650
1.700
10/09/2018
17284CBV43
10059
Cil Bank
04/17/2013
150,000.00
149,504.52
150,000.00
0.900
0.901
04/17/2017
140420RAC
10084
Capital One Bank
11/26/2014
248,000.00
248,239.23
248,000.00
1.050
1.051
11/28/2016
2546714QD
10075
Discover Bank
08/21/2014
245,000.00
249,983.12
244,717.91
1.750
1.802
08/20/2018
29976DNQ9
10050
Everbank
09/19/2012
245,000.00
245,120.78
245,000.00
0.900
0.901
09/14/2016
3616OXG27
10037
General Electric Bank
06/29/2012
250,000.00
250,523.85
250,000.00
1.350
1.351
06/29/2016
38148JQBO
10088
Goldman Sachs Bank
04/08/2015
248,000.00
249,706.69
248,000.00
1.200
1.207
04/09/2018
59013,18134
10077
Merck Bank
08/29/2014
248,000.00
248,152.64
246,000.00
0.850
0.851
08/29/2016
700654AUO
10079
Park National Bank
09/22/2014
248,000.00
248,126.47
247,970.87
0.900
0.927
09/19/2016
856284Y73
10073
State Bank of India
08/01/2014
245,000.00
245,339.47
244,839.07
1.200
1.252
07/31/2017
795450PA7
10044
Salllie Mae Bank
08/22/2012
245,000.00
247,068.86
245,000.00
1.700
1.701
08/22/2017
9497483K1
10107
Wells Fargo Bank
02/12/2016
248,000.00
249,072.33
248,000.00
1.150
1.152
02/12/2018
98970T5Y8
10101
Zions First Nall Bank
11/03/2015
248,000.00
248,362.76
247,629.69
1.100
1.197
11/01/2017
Subtotal and Average 5,097,436.84
5,099,000.00
5,136,262.65
6,097,473.11
1.309
Total and Average 29,969,237.82
29,980,970.73
30,055,778.68
29,974,320.63
0.762
Portfolio LYNW
Data Updated: SET _PMM: 04/08/2016 10:33 AP
Run Date: 04M 2016-1034
PM (PRF_PM2) 7.3.0
18
Lynwood - Maturity Report
Inventory by Maturity Report
March 31, 2016
Portfolio LYNW
Data Updated: SET _MAT: 04/08/2016 10:00 AP
Run Date' 04/082016 -1D.00 IM (PRF IM) 7.1.1
Report Ver. 7.3.5
19
Sec.
Purchase
Book
Current
Maturity
Maturity
Total
Par
YTM _
Days to
CUSIP
Investment#
Fund
Type
Issuer
Date
Value
Rate
Date
Amount
Days
Value
360
365
Maturity
9001
10000
LYNL
PA2
LAIF
07/01/2015 19,577,134.43
0.470
19,577,134.43
1
19,577,134.43
0.464
0.470
1
9000
10011
LYN
PAI
Goldman Bach Govt MMF
07/01/2015
54,836.30
0.250
54,836.30
1
54,836.30
0.247
0.250
1
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
89
59013JBB4
10077
LYN
MC2
Menck Bank
08/29/2014
248,000.00
0.850
08/29/2016
248,000.00
731
248,000.00
0,840
0.851
150
29976DNQ9
10050
LYN
MC2
Everbank
09/19/2012
245,000.00
0.900
09/14/2016
245,000.00
1,456
245,000.00
0,888
0.901
166
700654AUO
10079
LYN
MC2
Park National Bank
09/22/2014
247,970.87
0.900
09/19/2016
248,000.00
728
248,000.00
0.914
0.927
171
3137FADS5
10061
LYN
FAC
FHLMC
08/29/2013
499,697.20
0.875
10/14/2016
500,000.00
1,142
500,000.00
0.976
0.990
196
140420RAO
10084
LYN
MC2
Capital One Bank
11/26/2014
248,000.00
1.050
11/28/2016
248,000.00
733
248,000.00
1.037
1.051
241
05580ABC7
10067
LYN
MC2
BMWBank
01/23/2015
250,000.00
0.900
01/23/2017
250,000.00
731
250,000.00
0.889
0.901
297
24422ERN1
10086
LYN
MTN
John Deere
12/29/2014
250,446.21
1.400
03/15/2017
250,000.00
807
250,000.00
1.193
1.210
348
17284CBW3
10059
LYN
MC2
Cit Bank
04/17/2013
150,000.00
0.900
04/17/2017
150,00D.00
1,461
150,000.00
0.888
0.901
381
3134G6YC1
10089
LYN
FAC
FHLMC
04/27/2015
500,153.02
0.670
05/30/2017
500,000.00
764
500,000.00
0.635
0.644
424
02006LFB4
10071
LYN
MC2
Ally Bank
06/11/2014
248,000.00
1.100
06/12/2017
248,000.00
1,097
248,000.00
1.085
1.100
437
06740KGZ4
10072
LYN
MC2
Barclays Bank
07/03/2014
244,848.48
1.150
07/03/2017
245,000.00
1,096
245,000.00
1.184
1.200
458
856284Y73
10073
LYN
MC2
State Bank of India
08/01/2014
244,839.07
1.200
07/31/2017
245,000.00
1,095
245,000.00
1.234
1.252
486
14912L6D8
10074
LYN
MTN
Caterpillar
08/20/2014
249,942.37
1.250
08/18/2017
250,000.00
1,094
250,000.00
1.250
1.267
504
795450PA7
10044
LYN
MC2
Battle 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
508
94974BGBO
10078
LYN
MTN
Wells Fargo 8 Company
09/09/2014
249,894.59
1.400
09/08/2017
250,000.00
1,095
250,000.00
1.411
1.430
525
90331HMH3
10080
LYN
MTN
US Bank
09/12/2014
250,018.07
1.375
09/11/2017
250,000.00
1,095
250,000.00
1.351
1.370
528
05573J5WO
10100
LYN
MC2
BMO Harris Bank NA
10/21/2015
248,000.00
1.100
10/23/2017
248,000.00
733
248,000.00
1.085
1.100
570
98970T5Y8
10101
LYN
MC2
Zions First Nag Bank
11/03/2015
247,629.69
1.100
11/01/2017
248,000.00
729
248,000.00
1.181
1.197
579
912828UA6
10066
LYN
TRC
U.S. Treasury
01/30/2014
495,970.98
0.625
11/30/2017
500,000.00
1,400
500,000.00
1.106
1.121
608
89233P7E0
10103
LYN
MTN
Toyota Motor Credit Corp.
12/23/2015
249,772.41
1.375
01/10/2018
250,000.00
749
250,000.00
1.408
1.427
649
9497483K1
10107
LYN
MC2
Wells Fargo Bank
02/12/2016
248,000.00
1.150
02/12/2018
248,000.00
731
246,000.00
1.136
1.152
682
20451PNK8
10097
LYN
MC2
Compass Bank
08/31/2015
248,000.00
1.500
03/01/2018
248,000.00
913
248,000.00
1.479
1.500
699
3135GOWA7
10058
LYN
MC1
FNMA
03/28/2013
499,940.25
1.125
03/28/2018
500,000.00
1,826
500,000.00
1.116
1.131
726
38148JQBO
10088
LYN
MC2
Goldman Sachs Bank
04/08/2015
248,000.00
1.200
04/09/2018
248,000.00
1,097
248,000.00
1.191
1.207
738
20033AJL1
10083
LYN
MC2
Comenity Capital Bank
11/28/2014
247,771.08
1.700
05/25/2018
248,000.00
1,274
248,000.00
1.720
1.744
784
717081 DG5
10095
LYN
MTN
Pfizer Inc
07/21/2015
250,053.24
1.500
06/15/2018
250,000.00
1,060
250,000.00
1.469
1.490
805
166764AEO
10105
LYN
MTN
Chevron
01/11/2016
249,499.83
1.718
06/24/2018
250,000.00
B95
250,000.00
1.785
1.810
814
02587DZM3
10090
LYN
MC2
American Express CenturionD7/01/2015
248,000.00
1.650
07/02/2018
248,000.00
1,097
248,000.00
1.627
1.650
822
2546714QO
10075
LYN
MC2
Discover Bank
08/21/2014
244,717.91
1.750
08/20/2D18
245,000.00
1,460
245,000.00
1.777
1.802
871
14042RAQ4
10098
LYN
MC2
Capital One NA
10/08/2015
247,696.01
1.650
10/09/2018
248,000.00
1,097
248,000.00
1.677
1.700
921
02665WAC5
10109
LYN
MTN
Honda
03/10/2016
252,416.67
2.125
10/10/2018
250,000.00
944
250,000.00
1.708
1.732
922
3135GOYT4
10067
LYN
FAC
FNMA
03/12/2014
499,689.79
1.625
11/27/2018
500,000.00
1,721
500,000.00
1.627
1.649
970
912828024
10068
LYN
TRC
U.S. Treasury
03/24/2014
497,269.41
1.500
02/28/2019
500,000.00
1,802
500,000.00
1.673
1.696
1,063
Portfolio LYNW
Data Updated: SET _MAT: 04/08/2016 10:00 AP
Run Date' 04/082016 -1D.00 IM (PRF IM) 7.1.1
Report Ver. 7.3.5
19
Lynwood - Maturity Report
Inventory by Maturity Report
Page 2
Subtotal and Average 29,974,320.63
Net Maturities and Average 29,974,320.63
Data Updated: SET _MAT: 04/08/2016 10:00
Run Date: 0410612016 -1000
29,980,970.73 29,980,970.73 0.752 0.762 210
29,980,970.73 29,980,970.73 0.762
0.762 210
Portfolio LYNW
AP
IM (PRF IM) 7.1.1
Report Ver. 7.3.5
20
Sec.
Purchase
Book
Current
Maturity
Maturity
Total
Par
YTM Daysto
CUSIP
Investment#
Fund
Type
Issuer
Date
Value
Rate
Date
Amount
Days
Value
360
365 Maturity
30231GAP7
10110
LYN
MTN
EXXON
03/10/2016
250,112.75
1.708
03/01/2019
250,000.00
1,086
250,000.00
1.669
1.692 1,064
02587CCR9
10082
LYN
MC2
American Express Bk FSB
11/13/2014
248,000.00
2.150
11/13/2019
248,000.00
1,826
248,000.00
2.122
2.151 1,321
Subtotal and Average 29,974,320.63
Net Maturities and Average 29,974,320.63
Data Updated: SET _MAT: 04/08/2016 10:00
Run Date: 0410612016 -1000
29,980,970.73 29,980,970.73 0.752 0.762 210
29,980,970.73 29,980,970.73 0.762
0.762 210
Portfolio LYNW
AP
IM (PRF IM) 7.1.1
Report Ver. 7.3.5
20
Lynwood - Credit Rating
Credit Rating Report
March 31, 2016
Sorted by Moody's - Investment Number
Data Updated: SET _CRE: 04/08/2016 09:54
Run Date: 04/082016 - 09:55
Portfolio LYNW
AP
CR(PRF CRI 7.2.0
Repan Ver. 7.3.5
21
Purchase
Book
Market
Moody's
S&P
Purchase
Maturity
Days To
Stated
% of
_ _Investment#
Issuer
Security#
Principal
Value
Value
Rating
Rating
Date
Date
Maturity
Rate
YTM
Total
10011
GSGF
9000
54,836.30
54,836.30
54,836.30
Aaa
AAA
07/01/2015
1
0.250
0.250
0.18
10058
FNMA
3135GOWA7
499,850.00
499,940.25
500,115.00
Aaa
AA,
03/28/2013
03/26/2018
726
1.125
1.131
1.67
10061
FHLMC
3137EADSS
498,235.00
499,697.20
501,210.00
Aaa
AA+
08/29/2013
10/14/2016
196
0.875
0.990
1.67
10066
USTR
912828UA6
490,722.66
495,970.98
499,200.00
Aaa
AA+
01/30/2014
11/30/2017
608
0.625
1.121
1.65
10067
FNMA
3135GOYT4
499,450.00
499,689.79
509,915.00
Aaa
AA,
03/12/2014
11/27/2018
970
1.625
1.649
1.67
10068
USTR
912828C24
495,371.09
497,269.41
509,005.00
Aaa
AA+
03/24/2014
02/28/2019
1,063
1.500
1.696
1.66
10089
FHLMC
3134G6YC1
500,275.00
500,153.02
500,180.00
Aaa
AA+
04/27/2015
05/30/2017
424
0.670
0.644
1.67
10110
XOM
30231GAP7
250,115.00
250,112.75
253,297.50
Aaa
AAA
03/10/2016
03/01/2019
1,064
1.708
1.692
0.83
SubTotal for Aaa
3,288,855.05
3,297,669.70
3,327,758.80
684
1.105
1.226
11.00
10105
CVX
166764AEO
249,450.00
249,499.83
252,365.00
Aal
AA-
01/11/2016
06/24/2018
814
1.718
1.810
0.83
SubTotal for Aal
249,450.00
249,499.83
252,365.00
814
1.718
1.810
0.83
10103
TOY
89233P7EO
249,737.50
249,772.41
251,330.00
Aa3
AA-
12/23/2015
01/10/2018
649
1.375
1.427
0.83
SuluTotal for Aa3
249,737.50
249,772.41
261,330.00
649
1.375
1.427
0.83
10080
USB
90331HMH3
250,037.50
250,018.07
250,707.50
Al
AA-
09/12/2014
09/11/2017
528
1.375
1.370
0.83
10095
PFE
7170810G5
250,070.00
250,053.24
253,082.50
Al
AA
07/21/2015
06/15/2018
805
1.500
1.490
0.83
10109
HNDA
02665WAC5
252,472.50
252,416.67
254,500.00
Al
A+
03/10/2016
10/10/2018
922
2.125
1.732
0.84
SubTotal for Al
752,680.00
752,487.98
758,290.00
752
1.668
1.531
2.50
10074
CAT
14912L6D8
249,875.00
249,942.37
250,780.00
A2
A
08/20/2014
08/18/2017
504
1.250
1.267
0.83
10078
WFC
94974BGBO
249,780.00
249,894.59
250,445.00
A2
A
09/09/2014
09/08/2017
525
1.400
1.430
0.83
10086
DE
24422ERN1
251,032.50
250,446.21
251,422.50
A2
A
12/29/2014
03/15/2017
348
1.400
1.210
0.84
SubTotal for A2
750,687.50
760,283.17
752,547.50
469
1.350
1.302
2.60
10000
LAW
9001
19,577,134.43
19,577,134.43
19,577,134.43
None
None
07/01/2015
1
0.470
0.470
65.31
10037
GECAP
3616OXG27
250,000.00
250,000.00
250,523.85
None
None
06/29/2012
06/29/2016
89
1.350
1.351
0.83
10044
SLMA
795450PA7
245,000.00
245,000.00
247,068.86
None
None
08/22/2012
08/22/2017
508
1.700
1.701
0.82
10050
FIRALL
29976DN09
245,000.00
245,000.00
245,120.78
None
None
09/19/2012
09/14/2016
166
0.900
0.901
0.82
10059
CITBAK
17284CBW3
150,000.00
150,000.00
149,504.52
None
None
04/17/2013
04/17/2017
381
0.900
0.901
0.50
10071
ALLY
02006LFB4
248,000.00
248,000.00
247,833.69
None
None
06/11/2014
06/12/2017
437
1.100
1.100
0.83
10072
BACR
06740KGZ4
244,637.40
244,848.48
245,072.23
None
None
07/03/2014
07/03/2017
456
1.150
1.200
0.82
10073
SBIIN
856284Y73
244,637.40
244,839.07
245,339.47
None
None
08/01/2014
07/31/2017
486
1.200
1.252
0.82
10075
DISC
254671400
244,527.15
244,717.91
249,983.12
None
None
08/21/2014
08/20/2018
871
1.750
1.802
0.82
10077
MERICK
59013JBB4
248,000.00
248,000.00
248,152.64
None
None
08/29/2014
08/29/2016
150
0.850
0.851
0.83
10079
PRK
700654AUO
247,876.00
247,970.87
248,126.47
None
None
09/22/2014
09/19/2016
171
0.900
0.927
0.83
Data Updated: SET _CRE: 04/08/2016 09:54
Run Date: 04/082016 - 09:55
Portfolio LYNW
AP
CR(PRF CRI 7.2.0
Repan Ver. 7.3.5
21
Lynwood - Credit Rating
Credit Rating Report
Sorted by Moody's - Investment Number
Page 2
Data Updated: SET _CRE: 04/08/2016 09:54
Run Date: WA)812016-09:55
Portfolio LYNW
AP
CR (PRF CR) 7.2.0
Report Ver. 7.3.5
22
Purchase
Book
Market
Moody's
S&P
Purchase
Maturity
Days To
Stated
% of
Investment#
Issuer
Security#
Principal
Value
Value
Rating
Rating
Date
Date
Maturity
Rate
YTM
Total
10082
AXPFSB
02587CCR9
248,000.00
248,000.00
257,872.54
None
None
11/13/2014
11/13/2019
1,321
2.150
2.151
0.83
10083
ADS
20033AJL1
247,628.00
247,771.08
252,444.50
None
None
11/28/2014
05/25/2018
784
1.700
1.744
0.83
10084
COF
140420RAO
248,000.00
248,000.00
248,239.23
None
None
11/26/2014
11/28/2016
241
1.050
1.051
0.83
10087
BMW
05580ABC7
250,000.00
250,000.00
249,832.09
None
None
01/23/2015
01/23/2017
297
0.900
0.9D1
0.83
10088
GOLD
38148JOBO
248,000.00
248,000.00
249,706.69
None
None
04/08/2015
04/09/2018
738
1.200
1.207
0.83
10090
AXP
02587DZM3
248,000.00
248,000.00
252,259.69
None
None
07/01/2015
07/02/2018
822
1.650
1.650
0.83
10097
BCOMPS
20451PNK8
248,000.00
248,000.00
250,908.81
None
None
08/31/2015
03/01/2018
699
1.500
1.500
0.83
10098
CAPINA
14042RAQ4
247,637.92
247,696.01
252,584.21
None
None
10/08/2015
10/09/2018
921
1.650
1.700
0.83
10100
BMO
05573J5W0
248,000.00
248,000.00
248,244.37
None
None
10/21/2015
10/23/2017
570
1.100
1.100
0.83
10101
ZIONSB
98970T5Y8
247,533.76
247,629.69
248,362.76
None
None
11/03/2015
11/01/2017
579
1.100
1.197
0.83
10107
WFB
9497483KI
248,000.00
248,000.00
249,072.33
None
None
02/12/2016
02/12/2018
682
1.150
1.152
0.83
SubTotal for No Specified Rating
24,673,612.06
24,674,607.54
24,713,387.28
113
0.639
0.643
82.36
Data Updated: SET _CRE: 04/08/2016 09:54
Run Date: WA)812016-09:55
Portfolio LYNW
AP
CR (PRF CR) 7.2.0
Report Ver. 7.3.5
22
Lynwood - Interest Reports
Interest Earnings
Sorted by Fund - Fund
March 1, 2016 - March 31, 2016
Yield on Beginning Book Value
CUSIP
Investment#
Fund
Security
Type
Ending
Par Value
Beginning
Book Value
Ending
Book Value
Maturity
Date
CurrentAnnualized
Rate Yield
Interest
Earned
Adjusted Interest Earnings
Amortization/ Adjusted Interest
Accretion Earnings
Fund:Lynwood
3135GDTGB
10057
LYN
FAC
0.00
498,838.98
0.00
02/08/2018
0.875
1.011
85.07
11.66
96.73
3135GOWA7
10058
LYN
MC1
500,000.00
499,937.75
499,940.25
03/28/2018
1.125
1.110
468.75
2.50
471.25
3135GOYT4
10067
LYN
FAC
500,000.00
499,680.06
499,689.7911/27/2018
1.625
1.618
677.08
9.73
686.81
3137EADS5
10061
LYN
FAC
500,000.00
499,650.14
499,697.2010/14/2016
0.875
0.970
364.58
47.06
411.64
3134G6YC1
10089
LYN
FAC
500,000.00
500,163.98
500,153.02
05/30/2017
0.670
0,631
279.17
-10.96
268.21
795450PA7
10044
LYN
MC2
245,000.00
245,000.00
245,000.00
08/22/2017
1.700
1.700
353.74
0.00
353.74
912828UA6
10066
LYN
TRC
500,000.00
495,765.56
495,970.9811/3012017
0.625
1.116
264.68
205.42
470.10
912828024
10068
LYN
TRC
500,000.00
497,189.77
497,269.41
02/28/2019
1.500
1.685
631.79
79.64
711.43
9000
10011
LYN
PA1
54,836.30
48,145.81
54,836.30
0.250
0.426
17.42
D.00
17.42
38148JQBO
10088
LYN
MC2
248,000.00
248,000.00
248,000.00
04/09/2018
1.200
1.197
252.06
0.00
252.06
2546714QO
10075
LYN
MC2
245,00D.00
244,707.87
244,717.91
08/20/2018
1.750
1.800
364.14
10.04
374.18
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
02006LFB4
10071
LYN
MC2
248,000.00
248,000.00
248,000.00
06/12/2017
1.100
1.100
231.69
0.00
231.69
29976DN09
10050
LYN
MC2
245,000.00
245,000.00
245,000.00
09/14/2016
0.900
0.900
187.27
0.00
187.27
055BOABC7
10087
LYN
MC2
250,000.00
250,000.00
250,000.00
01/23/2017
0.900
0.900
191.09
0.00
191.09
02587DZM3
10090
LYN
MC2
248,000.00
248,000.00
248,000.00
07/02/2018
1.650
1.655
348.49
0.00
346.49
17284CBVJ3
10059
LYN
MC2
150,000.00
150,000.00
150,000.00
04/17/2017
0.900
0.900
114.66
0.00
114.66
06740KGZ4
10072
LYN
MC2
245,000.00
244,838.22
244,848.48
07/03/2D77
1.150
1.200
239.29
10.26
249.55
856284Y73
10073
LYN
MC2
245,000.00
244,828.80
244,839.07
07/31/2017
1.200
1.250
249.69
10.27
259.96
14912L6D8
10074
LYN
MTN
250,000.00
249,938.89
249,942.37
08/18/2017
1.250
1.243
260.41
3.48
263.89
59013JBB4
10077
LYN
MC2
248,000.00
248,000.00
248,000.00
08/29/2016
0.850
0.850
179.03
0.00
179.03
700654AUD
10079
LYN
MC2
248,000.00
247,965.59
247,970.87
09/19/2016
0.900
0.925
189.57
5.28
194.85
90331 HMH3
10080
LYN
MTN
250,000.00
250,019.11
250,018.07
09/11/2017
1.375
1.344
286.46
-1.04
285.42
02587CCR9
10082
LYN
MC2
248,000.00
248,000.00
248,000.0011113/2019
2.150
2.150
452.85
0.00
452.85
20033AJL1
10083
LYN
MC2
248,000.00
247,762.03
247,771.08
05/25/2018
1.700
1.745
358.07
9.05
367.12
140420RAO
10084
LYN
MC2
248,000.00
248,000.00
248,000.00
11/28/2016
1.050
1.050
221.16
0.00
221.16
24422ERN1
10086
LYN
MTN
250,000.00
250,485.12
250,446.21
03/15/2017
1.400
1.188
291.67
-38.91
252.76
89233P7EO
10103
LYN
MTN
250,000.00
249,761.72
249,772.41
01/10/2018
1.375
1.401
286.46
10.69
297.15
717081DG5
10095
LYN
MTN
250,000.00
250,055.25
250,053.24
06/15/2018
1.500
1.462
312.50
-2.01
310.49
20451PNKB
10097
LYN
MC2
248,000.00
248,000.00
248,000.00
03/01/2018
1.500
1.488
313.37
0.00
313.37
Data Updated: SET _INT: 04/08/2016 09:57
Run Date. 04/062016-09:58
Portfolio LYNW
AP
IE(PRF IE)7.2.0
Report Ver. 7.3.5
26
Lynwood - Interest Reports
Data Updated: SET INT: 04/08/2016 09:57
Run Date WM8W16-09:58
Portfolio LYNW
AP
IE(PRF IE)7.2.0
Report Ver. 7.3.5
27
Interest
Earnings
Page 2
March 1, 2016
- March 31, 2016
Adjusted Interest Earnings
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
14042RAD4
10098
LYN
MC2
248,000.00
247,685.78
247,696.01
10/09/2018
1.650
1.696
346.59
10.23
356.82
05573,15W0
10100
LYN
MC2
248,000.00
248,000.00
248,000.0010/23/2017
1.100
1.097
231.06
0.00
231.06
98970T5Y8
10101
LYN
MC2
2413,000.00
247,609.87
247,629.6911/0112017
1.100
1.196
231.70
19.82
251.52
94974BGBO
10076
LYN
MTN
250,000.00
249,888.47
249,894.59
09/08/2017
1.400
1.403
291.67
6.12
297.79
166764AEO
10105
LYN
MTN
250,000.00
249,481.14
249,499.83
06/24/2018
1.718
1.777
357.91
18.69
376.60
9497483K1
10107
LYN
MC2
248,000.00
248,000.00
248,000.00
02/12/2018
1.150
1.150
242.22
0.00
242.22
02665WAC5
10109
LYN
MTN
250,000.00
0.00
252,416.6710/10/2018
2.125
1.670
309.90
-55.83
254.07
30231GAP7
10110
LYN
MTN
250,000.00
0.00
250,112.75
03/01/2019
1.708
1.637
249.08
-2.25
246.63
Subtotal
10,403,836.30
10,386,399.91
10,397,186.20
1.293
11,018.98
358.94
11,377.92
Fund: Lynwood LAW
9001
10000
LYNL
PA2
19,577,134.43
19,577,134.43
19,577,134.43
0.470
0.467
7,766.49
0.00
7,766.49
Subtotal
19,577,134.43
19,577,134.43
19,677,134.43
0.467
7,766.49
0.00
7,766.49
Total
29,980,970.73
29,963,534.34
29,974,320.63
0.763
18,785.47
358.94
19,144.41
Data Updated: SET INT: 04/08/2016 09:57
Run Date WM8W16-09:58
Portfolio LYNW
AP
IE(PRF IE)7.2.0
Report Ver. 7.3.5
27
Lynwood - Interest Reports
Accrued Interest
Sorted by Fund - Fund
March 1, 2016 - March 31, 2016
Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest.
Data Updated: SET _INT: 04/08/2016 09:57
Run Date: 04/082016 - 0958
Portfolio LYNW
AP
AI(PRF A07.2.8
Repo# Ver. 7.3.5 28
Adjusted Acc'd Int
Security
Par
Maturity
Current
' Beginning
at Purchase
Interest
Interest
' Ending
CUSIP
Investment#
Type
Value
Date
Rate
Accrued Interest
During Period
Earned
Received
Accrued Interest
Lynwood
9000
10011
PAI
54,836.30
0.250
7.76
0.00
17.42
7.76
17.42
1491216D8
10074
MTN
250,000.00
08/18/2017
1.250
112.85
0.00
260.41
0,00
373.26
166764AEO
10105
MTN
250,000.00
06/24/2018
1.718
596.53
0.00
357.91
0.00
954.44
24422ERN1
10086
MTN
250,000.00
03/15/2017
1.400
1,613.89
0.00
291.67
1,750.00
155.56
02665WAC5
10109
MTN
250,000.00
10/10/2018
2.125
0.00
0.00
309.90
0,00
309.90
717081 DG5
10095
MTN
250,000.00
06/15/2018
1.500
791.67
0.00
312.50
0.00
1,104.17
89233P7EO
10103
MTN
250,000.00
01/10/2018
1,375
486.98
0.00
266.46
0.00
773.44
90331HMH3
10080
MTN
250,000.00
09/11/2017
1.375
1,623.26
0.00
286.46
1,718.75
190.97
94974BGBO
10078
MTN
250,000.00
09/08/2017
1.400
1,681.94
0.00
291.67
1,750.00
223.61
30231GAP7
10110
MTN
250,000.00
03/01/2019
1.708
0.00
0.00
249.08
0.00
249.08
3137EADS5
10061
FAC
500,000.00
10/14/2016
0.875
1,664.93
0.00
364.58
0.00
2,029.51
3134G6YC1
10089
FAC
500,000.00
05/30/2017
0.670
846.80
O.OD
279.17
0.00
1,125.97
3135GOTGB
10057
FAC
0.00
02/08/2018
0.875
279.51
0.00
85.07
364.58
0.00
3135GOYT4
10067
FAC
500,000.00
11/27/2018
1.625
2,121.53
0.00
677.08
0.00
2,798.61
912828UA6
10066
TRC
500,000.00
11/30/2017
0.625
785.52
0,00
264.66
0.00
1,050.20
912828024
10068
TRC
500,000.00
02/28/2019
1.500
20.38
0.00
631.79
0.00
652.17
3135GOWA7
10058
MCI
500,000.00
03/28/2018
1.125
2,390.63
0.00
468.75
2,812.50
46.86
20033AJL1
10083
MC2
248,000,00
05/25/2018
1.700
46.22
0.00
358.07
334.97
69.32
02006LFB4
10071
MC2
248,000.00
06/12/2017
1.100
605.39
0.00
231.69
0.00
837.08
02587DZM3
10090
MC2
248,000.00
07/02/2018
1.650
657.69
0,00
348.49
0.00
1,006.18
02587CCR9
10082
MC2
248,000.00
11/13/2019
2.150
1,592.30
0.00
452.85
0.00
2,045.15
06740KGZ4
10072
MC2
245,000.00
07/03/2017
1.150
455.43
oOD
239.29
0.00
694.72
20451PNK8
10097
MC2
248,000.00
03/01/2018
1.500
1,870.11
0,00
313.37
1,865.10
318.38
05573J5WO
10100
MC2
248,000.00
10/23/2017
1.100
983.87
0.00
231.06
0.00
1,214.93
05580ABC7
10087
MC2
250,000.00
01/23/2017
D.900
234.25
0.00
191.09
0.00
425.34
14042RAQ4
10098
MC2
248,000.00
10/09/2018
1.650
1,621.15
0.00
346.59
0.00
1,967.74
17284CBW3
10059
MC2
150,000.00
04/17/2017
0.900
503.01
0.00
114.66
0.00
617.67
140420RAO
10084
MC2
248,000.00
11/28/2016
1.050
684.89
0.00
221.16
0.00
906.05
2546714QO
10075
MC2
245,000.00
08/20/2018
1.750
117.47
0.00
364.14
0.00
481.61
29976DNQ9
10050
MC2
245,000.00
09/14/2016
0.900
1,020.95
0.00
187.27
1,099.48
108.74
3616OXG27
10037
MC2
250,000.00
06/29/2016
1.350
582.54
0.00
286.64
0.00
869.18
38148JQBO
10088
MC2
248,000.00
04/09/2018
1.200
1,174.94
0.00
252.06
0.00
1,427.00
59013,113134
10077
MC2
248,000.00
08/29/2016
0.850
5.74
0.00
179.03
167.48
17.29
700654AUO
10079
MC2
248,000.00
09/19/2016
0.900
67.25
0.00
189.57
177.34
79.48
856284Y73
10073
MC2
245,000.00
07/31/2017
1.200
257.76
0.00
249.69
0.00
507.45
Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest.
Data Updated: SET _INT: 04/08/2016 09:57
Run Date: 04/082016 - 0958
Portfolio LYNW
AP
AI(PRF A07.2.8
Repo# Ver. 7.3.5 28
Lynwood - Interest Reports
Accrued Interest
Lynwood LAW
9001 10000 PA2 19,577,134.43
Sorted
by Fund - Fund
0.00 43,065.45
Subtotal 19,577,134.43
35,298.96
Page 2
0.00 43,065.45
Total 29,980,970.73
63,926.43
0.00 18,785.47
12,274.56 70,436.34
Adjusted Acc'd Int
Security
Par
Maturity
current
' Beginning
at Purchase
Interest
Interest
' Ending
CUSIP
Investment#
Type
Value
Date
Rate
Accrued Interest
During Period
Earned
Received
Accrued Interest
Lynwood
795450PA7
10044
MC2
245,000.00
08/22/2017
1.700
91.28
0.00
353.74
0.00
445.02
9497483K1
10107
MC2
248,000.00
02/12/2018
1.15D
140.65
0.00
242.22
226.60
156.27
98970T5Y8
10101
MC2
248,000.00
11/01/2017
1.10D
889.40
0.00
231.70
0.00
1,121.10
Subtotal
10,403,836.30
28,626.47
0.00
11,018.98
12,274.66
27,370.89
Lynwood LAW
9001 10000 PA2 19,577,134.43
0.470 35,298.96
0.00 7,766.49
0.00 43,065.45
Subtotal 19,577,134.43
35,298.96
0.00 7,766.49
0.00 43,065.45
Total 29,980,970.73
63,926.43
0.00 18,785.47
12,274.56 70,436.34
Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest.
Portfolio LYNW
Data Updated: SET _INT: 04/08/2016 09:57 AP
Run Date: 04108/2016 - 09.58 Al (PRF Al) 7.2.8
Report Ver. 7.3.5 29
City of Lynwood
Cash Reconciliation Report
For the Period March 1, 2016 - March 31, 2016
Trans.
Trans.
Par
Maturity
Date
Investment#
Fund
Type
Security ID
Value
Security Description
Date
Purchases
Interest
Redemptions
Cash
03/01/2016
10097
LYN
Interest
20451PNK8
248,000.00
BCOMPS 0.2M 1.50% Mat
03/01/2018
0.00
1,865.10
0.00
1,865.10
03/08/2016
10057
LYN
Interest
3135GOTGB
500,000.00
FNMA 0,5M 0.88% Mat. 02/08/2018
02/08/2018
0.00
364.58
0.00
364.58
03/08/2016
10078
LYN
Interest
94974BGBO
250,000.00
WFC 0.3M 1.40% Mat. 09/08/2017
09/08/2017
0.00
1.750.00
0.00
1,750.00
03/08/2016
10057
LYN
Sale
3135GOTGB
500,000.00
O.OM 0.88%
02/08/2018
0.00
0.00
499,300.00
499,300.00
03/10/201610109
LYN
Purchase
02665WACB
250,000.00
HNDA 0.3M 2.13% Mat. 10/10/2018
10/10/2018
-252,472.50
-2,213.54
0.00
-254,686.04
03/10/2016
10110
LYN
Purchase
30231GAP7
250,000.00
XOM 0.3M 1.71% Mat 03/01/2019
03/01/2019
-250,115.00
-83.03
0.00
-250,198.03
03/11/201610080
LYN
Interest
90331HMH3
250,000.00
USB 0.3M 1.38% Mat. 09/11/2017
09/11/2017
0.00
1,718.75
0.00
1,718.75
03/12/2016
10107
LYN
Interest
9497483KI
248,000.00
WFB 0.2M 1.15% Mat. 02/12/2018
02/12/2018
0.00
226.60
0.00
226.60
03/14/2016
10050
LYN
Interest
29976DNQ9
245,000.00
FIRALL 0.2M 0.90% Mat. 09/14201609/14/2016
0.00
1,099.48
0.00
1,099.48
03115/201610086
LYN
Interest
24422ERN1
250,000.00
DE 0.3M 1.40% Mat. 03/15/2017
03/15/2017
0.00
1,750.00
0.00
1,750.00
03/21/201610079
LYN
Interest
700654AUO
248,000.00
PRK 0.2M 0.90% Mat. 09/19/2016
09/19/2016
0.00
177.34
0.00
177.34
03/29/201610058
LYN
Interest
3135GOWA7
500,000.00
FNMA 0.5M 1.13% Mat. 03/28/201803/28/2018
0.00
2,812.50
0.00
2,812.50
03/29/201610077
LYN
Interest
59013JBB4
248,000.00
MERICK 0.2M 0.65% Mat.
08/29/2016
0.00
167.48
0.00
167.48
03/29/2016
10083
LYN
Interest
20033AJL1
248,000.00
ADS 0.2M 1.70% Mat. 05/25/2018
05/25/2018
0.00
334.97
0.00
334.97
Run Date: 04/0812016 -10:03
Subtotal -502,587.60 9,970.23 499,300.00 6,682.73
Total -502,687.50 9,970.23 499,300.00 6,682.73
Portfolio LYNW
AP
AC (PRF ACI 7.2.0
Report Ver. 7.3.5 31
/ FTN FINANCIAL. Economic and Market Update
MAIN STREETsADV*ISORS 3/31/2016
Item
3/31/2016
12/31/2015
Change
U.S. Payrolls Monthly Change
215,000
271,000
-56,000
Unemployment Rate
5.0%
5.0%
0.0%
Labor Force Participation
63.0%
62.6%
0.4%
Effective Fed Funds Rate
0.25%
0.20%
0.05%
Next Fed Funds Hike"
Jun 2017
Jul 2017
-1 Month
3 Month T -Bill
0.201%
0.165%
0.036%
2 Year T -Note
0.723%
1.050%
-0.327%
3 Year T -Note
0.854%
1.308%
-0.454%
5 Year T -Note
1.206%
1.761%
-0.555%
10 Year T- Note
1.770%
2.270%
-0.500%
U.S. Fed Debt Avg Yield
2.020%
2.041%
-0.021%
30 Year Mortgage Rate
3.65%
3.900%
-0.25%
1-5 Yr Agency Spread
0.10%
0.10%
0.00%
1-5 Yr Corporate Spread
0.87%
0.820%
0.05%
Dow Jones
17,685
17,425
1.5%
S&P 500
2,060
2,044
0.8%
Consumer Price Index YOY*
1.2%
0.7%
0.5%
U.S. Avg Regular Unleaded
$2.06
$2.00
$0.06
Retail Sales YOY*
2.0%
2.6%
-0.6%
Case-Shiller Home Prices YOY"
5.7%
5.7%
0.1%
Gold (per ounce)
$1,232.75
$1,061.10
$171.65
Dollar Index
94.59
98.63
-4.05
Consumer Confidence
92.20
96.30
-4.10
'Estimates for the current quarter/month, some data are lagged Sources: FTN Main Street and Bloomberg
"Next Projected Fed Funds Hike is first month Fed Funds Futures are .625% or higher
33