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HomeMy Public PortalAboutA 2020-05-05 LSAThis 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 TO BE HELD ON May 5, 2020 During the teleconference meeting, we ask all the public participating to please mute their device. Please advise the City Clerk of your intention to make a comment during public oral communication. Lines will be unmuted to allow you to make your comments, if any. If interpretation services are needed, please dial (310) 372-7549; conference code 673120. Duly Posted 4/30/20 by MQ TELECONFERENCE VIA WEBEX- participate by using one of the following numbers (213) 306-3065, (720) 650-7664, (206) 207-1700. Connect by using code 621 779 572; password 5969 6:00 PM 1.CALL TO ORDER 2.CERTIFICATION OF AGENDA POSTING BY SECRETARY 3.ROLL CALL OF MEMBERS Aide Castro, Mayor Jorge Casanova, Mayor Pro Tem Salvador Alatorre, Council Member Marisela Santana, Council Member Jose Luis Solache, Council Member PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NON-AGENDA PUBLIC ORAL COMMUNICATIONS THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD SUCCESSOR AGENCY ON ITEMS WITHIN THE JURISDICTION OF THE LYNWOOD SUCCESSOR AGENCY AND NOT LISTED ON THE AGENDA. IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO SUBSTANTIAL DISCUSSION OF THE ISSUE BY LYNWOOD SUCCESSOR AGENCY, BUT LYNWOOD SUCCESSOR AGENCY MAY REFER THE MATTER TO STAFF OR SCHEDULE SUBSTANTIVE DISCUSSION FOR A FUTURE MEETING. (The Ralph M. Brown Act, Government Code Section 54954.2 (a).) CONSENT CALENDAR Lynwood Successor Agency - Page 1 of 27 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 OR STAFF REQUEST SPECIFIC ITEMS TO BE REMOVED FROM THE CONSENT CALENDAR FOR SEPARATE ACTION. 4.TREASURER'S QUARTERLY REPORT Comments: The purpose of this item is to have the Honorable Mayor and the Lynwood City Council review the Treasurer’s Quarterly Investment Report as required by State Statutes. (CT) Recommendation: It is recommended that the City of Lynwood 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, 2020. 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 ANNEX, 11350 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA. Lynwood Successor Agency - Page 2 of 27 Agenda Item # 4. AGENDA STAFF REPORT DATE: May 5, 2020 TO: Honorable Mayor and Members of City Council, as Successor to Lynwood Redvelopment Board APPROVED BY: Jose Ometeotl, City Manager PREPARED BY: Gabriela Camacho, City Treasurer Sheila Harding, Deputy City Treasurer SUBJECT: TREASURER'S QUARTERLY REPORT Recommendation: It is recommended that the City of Lynwood 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, 2020. 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. This report includes reconciliation between cash and investment balances, a schedule of all investments, and a report providing information on all investment types, costs, interest rates, maturity dates and current market value. Reports prepared by FTN Main Street Capital Advisors are as follows: Portfolio Summary Investment Policy Compliance Report Historical Earnings & Book Rate Portfolio Summary - Management Lynwood Successor Agency - Page 3 of 27 Portfolio Details – Investments Report Inventory by Maturity Report Credit Rating Report Interest Earnings Report Accrued Interest Report Gains/Losses Cash Reconciliation Report Monthly Economic & Market Update Report Discussion and Analysis: 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 three petty cash funds totaling $1,700.00 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 $3,480.85 of which, $3,077.78 has been collected. The remaining balance of Non Sufficient Funds outstanding for the 3rd quarter is $403.07. 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. Fiscal Impact: The action recommended in this report will not have a fiscal impact on the City. Coordinated With: FTN Financial Main Street Advisors. ATTACHMENTS: Description Quarterly Report - March 2020 FHN Quarterly Report - March 2020 Lynwood Successor Agency - Page 4 of 27 2020 Jan - Mar Apr - June July - Sept Oct - Dec Investments Managed by Main Street 19,343,710.80 $32,094,288.70 30,368,003.03 $27,035,284.10 Cash & Investments 31,824,909.82 $18,198,426.89 14,975,380.23 $18,572,566.34 Per Treasurer's Reports 51,168,620.62 50,292,715.59$ $45,343,383.26 45,607,850.44$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank - General Account*6,406,691.87$ 9,782,106.30$ 7,317,333.42$ 8,871,464.75$ *Local Agency Investment Fund 15,722,784.66$ 101,173.70$ -$ 15,823,958.36$ US Bank - Economic Development 11,868.61$ -$ -$ 11,868.61$ US Bank - RORF - Successor Agency 3,290,268.15$ 2,053,313.63$ 5,277.00$ 5,338,304.78$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank - General Account*8,871,464.75$ 4,300,940.42$ 5,338,276.84$ 7,834,128.33$ *Local Agency Investment Fund 15,823,958.36$ -$ 15,823,958.36$ US Bank - Economic Development 11,868.61$ 1,172.07$ 10,696.54$ US Bank - RORF - Successor Agency 5,338,304.78$ 2,080,669.18$ 3,257,635.60$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank - General Account 7,834,128.33$ 16,992,269.46$ 6,888,049.25$ 17,938,348.54$ *Local Agency Investment Fund 15,823,958.36$ -$ 8,000,000.29$ 7,823,958.07$ US Bank - Economic Development 10,696.54$ -$ -$ 10,696.54$ US Bank - RORF - Successor Agency 3,257,635.60$ 2,016.75$ 3,255,618.85$ QUARTERLY TOTAL OF DEBITS/CREDITS 38,873,005.94$ 25,739,739.01$ *Funds transferred from LAIF account to the general account to cover expenditures 2019 Jan-20 Feb-20 Mar-20 CITY OF LYNWOOD QUARTERLY REPORT 31-Mar-20 MONTHLY BALANCES PER STATEMENT DEMAND DEPOSIT ACCOUNTS BALANCES PER QUARTER Lynwood Successor Agency - Page 5 of 27 Schedule of City Cash & Investments: This schedule provides information on the cash and investments managed by the City. Quarterly Interest Credit Money Market/Certificate of Deposit (CD)Balance Interest F/Y to Date JP Morgan Chase - Section 108 MMA 125,248.25$ 95.12$ 403.85$ JP Morgan Chase - Money Market Account 1,881,593.69$ 1,428.90$ 6,066.78$ JP Morgan Chase - Parking Enforcement 3,659,210.39$ 2,723.05$ 10,922.04$ US Bank - City of Lynwood 4,539.17$ 0.10$ 0.20$ Total 5,670,591.50$ 4,247.17$ 17,392.87$ Demand Deposits General Account 17,938,354.54 US Bank - Economic Development 10,696.54 US Bank - Housing Authority A 32,146.57 US Bank - Housing Authority B 18,000.09$ US Bank - City HCDA 78,719.79$ US Bank - City Home Program 490,349.00 US Bank - Taxable Tabs 1,710,209.45$ US Bank - Lyn Tr. Center Unf Wrkr 2,791.24$ US Bank - Money Market Account 49,028.48$ US Bank - US Dept. of HUD/Section 108 170,048.96$ US Bank - RORF Successor Agency 3,255,618.85 US Bank - Low Mod Housing Trst Fnd/Rogel 1,988,554.78 US Bank - Lynwood Disaster Relief Fund 5,000.00$ US Bank - Settlement Remittance Fund 398,423.32 US Bank - Housing Authority 6,376.71$ Total 26,154,318.32$ 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 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 INVESTMENT REPORT March 31, 2020 Lynwood Successor Agency - Page 6 of 27 March 2020.xls Quarterly Date Interest Issuer Investment Balance Interest Rec'd Received Rate State of California LAIF 7,823,958.36 101,173.70 14-Jan-20 2.03% 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) 98.1 Billion 3/31/2020 CITY OF LYNWOOD QUARTERLY REPORT March 31, 2020 LAIF Daily Yield 1.74 - Quarter to Date 1.90 - Average Days to Maturity 208 Pooled Money Investment Account Portfolio Composition 0 0.2 0.4 0.6 0.8 1 Loans Corporate Bonds Commercial Paper Now Accounts Time Deposits CDs/BNs Agencies Mortgages Treasuries 10.64% 0.00% 10.31% 0.00% 5.34% 14.37% 22.41% 0.00% 46.83% Lynwood Successor Agency - Page 7 of 27 March 2020.xls PAR MARKET BOOK INVESTMENTS VALUE VALUE VALUE *Money Market Funds 149,015.14$ 149,015.14$ 149,015.14$ LAIF 7,823,958.36$ 7,823,958.36$ 7,823,958.36$ Corporate Notes 3,500,000.00$ 3,557,982.50$ 3,523,281.93$ Federal Agency 2,550,000.00$ 2,635,952.50$ 2,545,474.25$ Treasury Coupon Securities 250,000.00$ 253,165.00$ 248,813.66$ CD-FDIC 4,712,000.00$ 4,923,637.30$ 4,708,508.81$ TOTAL 18,984,973.50$ 19,343,710.80$ 18,999,052.15$ *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 Maturity Date Interest JP Morgan Chase (Section 108)125,248.25$ N/A 95.12$ JP Morgan Chase - Money Market Account 1,881,593.69$ N/A 1,428.90$ JP Morgan Chase - Parking Enforcement 3,659,210.39$ N/A 2,723.05$ US Bank - City of Lynwood 4,539.17$ N/A 0.10$ TOTAL 5,670,591.50$ 4,247.17$ Corporate Checking Accounts Balance General Account 17,938,354.54$ US Bank - City HCDA 78,719.79$ US Bank - City Home Program 490,349.00$ US Bank - Economic Development 10,696.54$ US Bank - Housing Authority A 32,146.57$ 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 3,255,618.85$ US Bank - Low Mod Housing Trst Fnd/Rogel 1,988,554.78$ US Bank - Taxable Tabs Housing Proj. 1,710,209.45$ US Bank - US Dept. of HUD/Section 108 170,048.96$ US Bank - Lynwood Disaster Relief Fund 5,000.00$ US Bank - Settlement Remittance Fund 398,423.32$ US Bank - Housing Authority 6,376.71$ TOTAL 26,154,318.32$ CITY OF LYNWOOD QUARTERLY REPORT 31-Mar-20 PORTFOLIO SUMMARY Lynwood Successor Agency - Page 8 of 27 March 2020.xls AVERAGE MARKET PERCENTAGE (%)DAYS TO DESCRIPTION VALUE PORTFOLIO MATURITY INVESTMENTS*19,343,710.80 100%* CERTIFICATE OF DEPOSIT/TIME DEPOSIT/ MONEY MARKET/CUSTODY HOLDINGS 5,670,591.50 CHECKING ACCOUNT 26,154,318.32 TOTAL AVERAGES 31,824,909.82$ TOTAL INVESTMENTS & AVERAGES 51,168,620.62$ Gabriela Camacho Gabriela Camacho/Sheila Harding I certify that this report accurately reflects all pooled City Treasurer/Deputy Treasurer investment policy statements adopted by the City Council on August 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. *See Report Prepared by Main Street Capital Advisors CITY OF LYNWOOD QUARTERLY REPORT March 31, 2020 MASTER SUMMARY Lynwood Successor Agency - Page 9 of 27 Portfolio Summary LAIF FFCB Market Value JP Morgan Chase & Co. Book Value FNMA Variance FHLB Citibank Par Value FHLMC Oracle Net Asset Value Toyota US Bank Book Yield Met Life Walmart Years to Maturity Honda Apple Effective Duration BMW *Book Value is Amortized $344,659 $362,165 $18,984,974 $26,973,553 2.6% 2.6% 2.6% 1.8% 2.7% $101.814 $101.342 3/31/20 2/29/20 $19,343,711 $27,349,720 $18,999,052 $26,987,555 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.4% 1.3% 3/31/2020 SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S) City of Lynwood ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS Issuer % Portfolio 41.2% 6.3% 2.14% 2.12% 1.36 0.99 1.30 0.98 Agy 13.4% Tsy 1.3% LAIF 41.2% MMF 0.8% CD-FDIC 24.8% CP 0.0% Corp 18.5% 54.3% 11.8%13.1%10.5%10.4% 0% 10% 20% 30% 40% 50% 60% 70% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y 41.2% 24.8% 0.0% 2.7% 2.7% 6.6% 1.3% 1.3% 2.6% 16.8% 0%25%50% NR-LAIF NR-FDIC CDs P-1 A3 A2 A1 Aa1 Aa2 Aa3 Aaa 2.00% 2.10% 2.20% 2.30% 2.40% 2.50%Apr-19May-19Jun-19Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Total Ex LAIF NR: Not RatedPer Book ValuePer Book Value Per Book Value 2Lynwood Successor Agency - Page 10 of 27 Investment Policy Compliance Securities' market values are derived from the Entity's custodian. 0.0% 0.0% 0.8% 18.5% Yes: Yes: Yes: Yes: Yes: Yes: Yes: Yes: Yes: 13.4% 24.8% 0.0% 7.8 Mil Supranational Debt Obligations U.S. Federal Agencies No sector limit, no issuer limit (FHLB, FFCB, FNMA, FHLMC), maximum maturity 5 years Commercial Paper 25% sector limit, no issuer limit, maximum maturity of 1 year, issued by national/state charter banks or savings and loan associations, collateralized according to State Code LAIF No sector limit, issuer limit is $65 million Negotiable Certificates of Deposit 30% sector limit, issuer limit no greater than FDIC insured limit (currently $250,000), max maturity 5 years, issued by national/state charter banks or savings and loan associations 30% limit, 5% per issuer of US dollar-denominated senior unsecured unsubordinated obligations guaranteed by IBRD, IFC, and IABD. Max maturity 5 years, min rating by 2 NRSRO's of AA. Non-Negotiable Time Deposits 25% sector limit, 2% per issuer, maximum maturity 270 days, rated A-1 S&P or P-1 Moody's, issued by a domestic corporation w/ at least $500 million of assets and A (S&P) or A2 (Moody's) long term debt Money Market Mutual Funds Sector limit 20%, issuer limit 10%, Aaa (S&P) and AAA (Moody's) Corporate Medium Term Notes 30% sectors limit, 2% issuer limit (includes CP in aggregate), maximum maturity 5 years, rated at least A by S&P or A2 by Moody's City of Lynwood 3/31/2020 1.3%Yes: Weighted Average Maturity Weighted Average Maturity (WAM) must be less than 3.0 years U.S. Treasuries No sector limit, no issuer limit, maximum maturity 5 years Liquidity At least 30% of the portfolio must have maturities of 1 year or less Yes:54.3% Item / Sector Parameters In Compliance 1.36 Yrs 3Lynwood Successor Agency - Page 11 of 27 Historical Earnings and Book Rate of Return Performance Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $10.1 $24.6 $34.1 $51.3 $61.1 $70.7 $87.2 $96.6 $107.6 $123.5 $133.8 $144.8 $12.2 $25.2 $38.6 $60.4 $73.8 $87.6 $109.0 $122.3 $136.9 $159.5 $174.8 $190.5 $16.9 $34.0 $49.5 $78.2 $93.6 $109.5 $136.7 $154.3 $173.9 $205.9 $225.9 $245.5 $20.7 $42.0 $63.2 $85.8 $106.6 $128.0 $152.4 $176.5 $200.9 $225.6 $252.5 $281.1 $28.6 $53.2 $75.2 $99.7 $122.7 $145.5 $174.9 $200.2 $229.0 $261.9 $297.4 $332.7 $37.9 $76.5 $113.6 $155.5 $190.6 $227.5 $272.8 $315.9 $362.6 $413.0 $462.1 $527.1 $65.1 $31.7 $187.2 $249.1 $303.1 $354.9 $410.1 $456.9 $498.4 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2.41%2.38%2.36%2.31%2.27%2.21%2.19%2.18%2.14% Custom Benchmark*2.38%2.39%2.31%2.25%2.19%2.15%2.09%2.04%1.93% 0.03%-0.01%0.05%0.06%0.08%0.06%0.10%0.14%0.21% *Benchmark: 60% LAIF's Monthly Distribution Rate; ICE BofAML 24 Month Moving Average of 25% the 1-5 Year Corporate Index, 15% 1-5 Year Agency Index City of Lynwood 3/31/2020 Variance Book Rate of Rtn Fiscal YTD ($000s) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 $0 $100 $200 $300 $400 $500 $600 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunThousandsFiscal Year-to-Date Earnings FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 1.80% 1.90% 2.00% 2.10% 2.20% 2.30% 2.40% 2.50% Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Monthly Book Rate of Return vs Benchmark Portfolio Benchmark 13Lynwood Successor Agency - Page 12 of 27 4-7-2020 16Lynwood Successor Agency - Page 13 of 27 Moody's Page 1 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2020 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Lynwood - Portfolio Management S&P YTM 365CUSIPInvestment #Purchase Date Money Market Funds AaaGoldman Sach Govt MMF10011 149,015.14 149,015.14 0.340149,015.14 0.3409000 AAA 149,015.14 0.340149,015.14149,015.14143,101.58Subtotal and Average LAIF LAIF10000 7,823,958.36 7,823,958.36 1.7407,823,958.36 1.7409001 7,823,958.36 1.7407,823,958.367,823,958.3611,694,926.10Subtotal and Average Corporate Notes Aa1Apple10118250,000.00 249,906.75 08/04/20211.55008/04/2016 251,542.50 1.579037833CC2 AA+ A1BMW10149250,000.00 249,349.83 04/12/20213.10010/09/2018 248,935.00 3.36505565EAU9 A+ Aa3Citibank10134250,000.00 249,986.60 10/20/20202.12510/23/2017 250,057.50 2.13517325FAJ7 A+ A1Cisco10123250,000.00 247,955.51 09/20/20211.85011/29/2016 251,700.00 2.44317275RBJ0 AA- A3Honda10150250,000.00 250,051.11 10/10/20233.62510/10/2018 254,007.50 3.61902665WCQ2 A A1Jackson Natl Life10128 250,000.00 249,004.35 06/27/20222.50007/12/2017 245,465.00 2.69146849LSW2 AA- A2JP Morgan Chase & Co.10160 500,000.00 512,444.68 05/13/20243.62505/13/2019 521,370.00 2.97046625HJX9 A- Aa3Met Life10135 250,000.00 250,912.17 04/08/20222.65011/02/2017 251,032.50 2.45859217GCD9 AA- AaaNew York Life10167 250,000.00 249,136.90 01/22/20252.00001/22/2020 248,392.50 2.07664952WDL4 AA+ A3Oracle10166250,000.00 259,213.42 11/15/20242.95011/27/2019 262,020.00 2.10668389XBS3 A+ A1Toyota10155250,000.00 252,748.89 01/08/20243.35002/28/2019 255,697.50 3.03389236TFS9 AA- A1US Bank10156 250,000.00 252,492.64 07/24/20233.40003/01/2019 262,317.50 3.07690331HNV1 AA- Aa2Walmart10142250,000.00 250,079.08 06/23/20213.12506/27/2018 255,445.00 3.098931142EJ8 AA 3,523,281.93 2.6873,557,982.503,500,000.003,523,449.09Subtotal and Average Federal Agency AaaFFCB10152500,000.00 500,680.79 11/15/20213.05011/27/2018 520,980.00 2.9613133EJT74 AA+ AaaFFCB10162500,000.00 499,914.95 07/01/20241.90007/02/2019 526,755.00 1.9043133EKTV8 AA+ AaaFFCB10165200,000.00 198,518.59 10/16/20241.50010/17/2019 207,822.00 1.6713133EK3B0 AA+ AaaFHLB10124500,000.00 497,706.85 12/10/20211.87512/28/2016 512,010.00 2.1623130AAB49 AA+ AaaFHLMC10126350,000.00 350,000.00 04/27/20201.58004/27/2017 350,325.50 1.5803134GBHX3 AA+ AaaFNMA10136500,000.00 498,653.07 10/05/20222.00011/30/2017 518,060.00 2.1133135G0T78 AA+ 2,545,474.25 2.1412,635,952.502,550,000.002,545,403.37Subtotal and Average Treasury Coupon Securities AaaU.S. Treasury10158 250,000.00 248,813.66 12/15/20201.87503/04/2019 253,165.00 2.5679128283L2 AA+ Portfolio LYNW APData Updated: SET_PMM: 04/06/2020 13:47 Run Date: 04/06/2020 - 13:47 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 18Lynwood Successor Agency - Page 14 of 27 Moody's Page 2 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2020 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Lynwood - Portfolio Management S&P YTM 365CUSIPInvestment #Purchase Date 248,813.66 2.567253,165.00250,000.00248,744.68Subtotal and Average CD-FDIC Comenity Capital Bank10143 248,000.00 247,628.54 06/29/20233.30006/29/2018 271,047.22 3.40320033AZK5 Ally Bank10127 248,000.00 247,972.89 06/22/20201.90006/23/2017 248,407.01 1.95202006L3N1 Barclays Bank10133 248,000.00 247,942.46 09/21/20201.95009/21/2017 248,869.11 2.00106740KKU0 BMW Bank10130 248,000.00 247,953.95 08/18/20201.90008/21/2017 248,601.91 1.95205580AKA1 Citibank10154 248,000.00 247,552.05 02/27/20243.00002/28/2019 272,628.03 3.05217312Q3B3 Enerbank10164 248,000.00 247,583.93 09/27/20232.00009/30/2019 261,414.14 2.05229278TLY4 Capital One Bank USA10129 248,000.00 247,727.60 08/02/20222.30008/03/2017 258,686.74 2.3511404203Z1 Eagle Bank10159 248,000.00 248,000.00 05/20/20222.60005/10/2019 259,191.00 2.60527002YEM4 Flagstar Bank10161 248,000.00 248,000.00 06/13/20222.50006/12/2019 259,136.42 2.50033847E2J5 First Missouri Bank10163 248,000.00 248,000.00 09/13/20241.85009/13/2019 263,068.24 1.85232100LCB9 Goldman Sachs Bank10144 248,000.00 247,628.97 07/06/20233.30007/09/2018 271,141.75 3.35238148PR33 HSBC10116 248,000.00 248,000.00 07/08/20201.40007/08/2016 248,078.74 1.40140434AZ44 Key Bank10131 248,000.00 247,952.64 08/21/20201.85008/24/2017 248,566.00 1.90349306SYR1 Merrick Bank10153 248,000.00 247,665.13 02/21/20233.35012/19/2018 268,928.33 3.40759013J5Z8 Morgan Stanley Bank10137 248,000.00 247,675.87 01/11/20232.65001/12/2018 263,224.63 2.70261747MF63 State Bank of India10138 248,000.00 247,893.32 02/16/20212.45002/15/2018 251,207.59 2.503856285HL8 Salllie Mae Bank10132 248,000.00 247,720.89 08/23/20222.35008/24/2017 259,247.58 2.402795450D36 Synchrony Bank10115 248,000.00 248,000.00 06/29/20211.55006/29/2016 249,985.06 1.55187165HNN6 Wells Fargo Bank10147 248,000.00 247,610.57 08/30/20233.30008/31/2018 272,207.80 3.354949763TF3 4,708,508.81 2.4364,923,637.304,712,000.004,708,441.09Subtotal and Average 2.14222,864,065.92 18,984,973.50 19,343,710.80 18,999,052.15Total and Average Portfolio LYNW APData Updated: SET_PMM: 04/06/2020 13:47 Run Date: 04/06/2020 - 13:47 PM (PRF_PM2) 7.3.0 19Lynwood Successor Agency - Page 15 of 27 Lynwood - Maturity Report Inventory by Maturity Report March 31, 2020 Current Rate Par Value Book Value Sec. TypeFund Date Maturity Amount Days toTotal Days 360 365MaturityYTM MaturityCUSIPInvestment #Issuer Purchase Date 7,823,958.361.7407,823,958.36 7,823,958.3607/01/2019LAIF100009001PA2LYNL 11.7401.7161 149,015.140.340149,015.14 149,015.1407/01/2019Goldman Sach Govt MMF100119000PA1LYN 10.3400.3351 350,000.001.580350,000.00 350,000.0004/27/2017FHLMC101263134GBHX3FACLYN 04/27/2020 261.5801.5581,096 248,000.001.900247,972.89 248,000.0006/23/2017Ally Bank1012702006L3N1MC2LYN 06/22/2020 821.9521.9251,095 248,000.001.400248,000.00 248,000.0007/08/2016HSBC1011640434AZ44MC2LYN 07/08/2020 981.4011.3821,461 248,000.001.900247,953.95 248,000.0008/21/2017BMW Bank1013005580AKA1MC2LYN 08/18/2020 1391.9521.9251,093 248,000.001.850247,952.64 248,000.0008/24/2017Key Bank1013149306SYR1MC2LYN 08/21/2020 1421.9031.8761,093 248,000.001.950247,942.46 248,000.0009/21/2017Barclays Bank1013306740KKU0MC2LYN 09/21/2020 1732.0011.9731,096 250,000.002.125249,986.60 250,000.0010/23/2017Citibank1013417325FAJ7MTNLYN 10/20/2020 2022.1352.1061,093 250,000.001.875248,813.66 250,000.0003/04/2019U.S. Treasury101589128283L2TRCLYN 12/15/2020 2582.5672.531652 248,000.002.450247,893.32 248,000.0002/15/2018State Bank of India10138856285HL8MC2LYN 02/16/2021 3212.5032.4691,097 250,000.003.100249,349.83 250,000.0010/09/2018BMW1014905565EAU9MTNLYN 04/12/2021 3763.3653.319916 250,000.003.125250,079.08 250,000.0006/27/2018Walmart10142931142EJ8MTNLYN 06/23/2021 4483.0983.0551,092 248,000.001.550248,000.00 248,000.0006/29/2016Synchrony Bank1011587165HNN6MC2LYN 06/29/2021 4541.5511.5301,826 250,000.001.550249,906.75 250,000.0008/04/2016Apple10118037833CC2MTNLYN 08/04/2021 4901.5791.5571,826 250,000.001.850247,955.51 250,000.0011/29/2016Cisco1012317275RBJ0MTNLYN 09/20/2021 5372.4432.4091,756 500,000.003.050500,680.79 500,000.0011/27/2018FFCB101523133EJT74FACLYN 11/15/2021 5932.9612.9211,084 500,000.001.875497,706.85 500,000.0012/28/2016FHLB101243130AAB49FACLYN 12/10/2021 6182.1622.1321,808 250,000.002.650250,912.17 250,000.0011/02/2017Met Life1013559217GCD9MTNLYN 04/08/2022 7372.4582.4241,618 248,000.002.600248,000.00 248,000.0005/10/2019Eagle Bank1015927002YEM4MC2LYN 05/20/2022 7792.6052.5691,106 248,000.002.500248,000.00 248,000.0006/12/2019Flagstar Bank1016133847E2J5MC2LYN 06/13/2022 8032.5002.4661,097 250,000.002.500249,004.35 250,000.0007/12/2017Jackson Natl Life1012846849LSW2MTNLYN 06/27/2022 8172.6912.6541,811 248,000.002.300247,727.60 248,000.0008/03/2017Capital One Bank USA101291404203Z1MC2LYN 08/02/2022 8532.3512.3191,825 248,000.002.350247,720.89 248,000.0008/24/2017Salllie Mae Bank10132795450D36MC2LYN 08/23/2022 8742.4022.3691,825 500,000.002.000498,653.07 500,000.0011/30/2017FNMA101363135G0T78FACLYN 10/05/2022 9172.1132.0841,770 248,000.002.650247,675.87 248,000.0001/12/2018Morgan Stanley Bank1013761747MF63MC2LYN 01/11/2023 1,0152.7022.6651,825 248,000.003.350247,665.13 248,000.0012/19/2018Merrick Bank1015359013J5Z8MC2LYN 02/21/2023 1,0563.4073.3601,525 248,000.003.300247,628.54 248,000.0006/29/2018Comenity Capital Bank1014320033AZK5MC2LYN 06/29/2023 1,1843.4033.3571,826 248,000.003.300247,628.97 248,000.0007/09/2018Goldman Sachs Bank1014438148PR33MC2LYN 07/06/2023 1,1913.3523.3061,823 250,000.003.400252,492.64 250,000.0003/01/2019US Bank1015690331HNV1MTNLYN 07/24/2023 1,2093.0763.0331,606 248,000.003.300247,610.57 248,000.0008/31/2018Wells Fargo Bank10147949763TF3MC2LYN 08/30/2023 1,2463.3543.3081,825 248,000.002.000247,583.93 248,000.0009/30/2019Enerbank1016429278TLY4MC2LYN 09/27/2023 1,2742.0522.0231,458 250,000.003.625250,051.11 250,000.0010/10/2018Honda1015002665WCQ2MTNLYN 10/10/2023 1,2873.6193.5691,826 250,000.003.350252,748.89 250,000.0002/28/2019Toyota1015589236TFS9MTNLYN 01/08/2024 1,3773.0332.9921,775 248,000.003.000247,552.05 248,000.0002/28/2019Citibank1015417312Q3B3MC2LYN 02/27/2024 1,4273.0523.0101,825 Portfolio LYNW APData Updated: SET_MAT: 04/06/2020 13:55 Run Date: 04/06/2020 - 13:55 IM (PRF_IM) 7.1.1 Report Ver. 7.3.6.1 21Lynwood Successor Agency - Page 16 of 27 Current Rate Par Value Book Value Sec. Type Page 2 Fund Date Maturity Amount Days toTotal Days 360 365 Maturity YTM Maturity Inventory by Maturity Report Lynwood - Maturity Report CUSIP Investment #Issuer Purchase Date 500,000.003.625512,444.68 500,000.0005/13/2019JP Morgan Chase & Co.1016046625HJX9 MTNLYN 05/13/2024 1,5032.9702.9291,827 500,000.001.900499,914.95 500,000.0007/02/2019FFCB101623133EKTV8FACLYN 07/01/2024 1,5521.9041.8781,826 248,000.001.850248,000.00 248,000.0009/13/2019First Missouri Bank1016332100LCB9MC2LYN 09/13/2024 1,6261.8521.8271,827 200,000.001.500198,518.59 200,000.0010/17/2019FFCB101653133EK3B0FACLYN 10/16/2024 1,6591.6711.6481,826 250,000.002.950259,213.42 250,000.0011/27/2019Oracle1016668389XBS3MTNLYN 11/15/2024 1,6892.1062.0771,815 250,000.002.000249,136.90 250,000.0001/22/2020New York Life1016764952WDL4MTNLYN 01/22/2025 1,7572.0762.0481,827 Subtotal and Average 18,984,973.50 18,984,973.5018,999,052.15 2.112 2.142 495 18,984,973.50 18,984,973.5018,999,052.15Net Maturities and Average 2.112 2.142 495 Portfolio LYNW APData Updated: SET_MAT: 04/06/2020 13:55 Run Date: 04/06/2020 - 13:55 IM (PRF_IM) 7.1.1 Report Ver. 7.3.6.1 22Lynwood Successor Agency - Page 17 of 27 Lynwood - Credit Rating Credit Rating Report March 31, 2020 Sorted by Moody's - Investment Number Security #Purchase Principal Book ValueInvestment #% of Total Moody's RatingIssuerMarket Value S&P Rating Purchase Date Maturity Date Days To Maturity Stated Rate YTM 10011 9000GSGF 07/01/2019Aaa AAA149,015.14 149,015.14 149,015.14 1 0.340 0.340 0.78 12/10/2021101243130AAB49FHLB12/28/2016Aaa AA+493,290.00 497,706.85 512,010.00 618 1.875 2.162 2.62 04/27/2020101263134GBHX3FHLMC04/27/2017Aaa AA+350,000.00 350,000.00 350,325.50 26 1.580 1.580 1.84 10/05/2022101363135G0T78FNMA11/30/2017Aaa AA+497,400.00 498,653.07 518,060.00 917 2.000 2.113 2.62 11/15/2021101523133EJT74FFCB11/27/2018Aaa AA+501,245.00 500,680.79 520,980.00 593 3.050 2.961 2.64 12/15/2020101589128283L2USTR03/04/2019Aaa AA+247,001.95 248,813.66 253,165.00 258 1.875 2.567 1.31 07/01/2024101623133EKTV8FFCB07/02/2019Aaa AA+499,900.00 499,914.95 526,755.00 1,552 1.900 1.904 2.63 10/16/2024101653133EK3B0FFCB10/17/2019Aaa AA+198,370.00 198,518.59 207,822.00 1,659 1.500 1.671 1.04 01/22/20251016764952WDL4NYLIFE01/22/2020Aaa AA+249,102.50 249,136.90 248,392.50 1,757 2.000 2.076 1.31 SubTotal for Aaa 3,185,324.59 3,192,439.95 3,286,525.14 16.792.0851.965839 08/04/202110118037833CC2AAPL08/04/2016Aa1 AA+249,652.50 249,906.75 251,542.50 490 1.550 1.579 1.32 SubTotal for Aa1 249,652.50 249,906.75 251,542.50 1.321.5791.550490 06/23/202110142931142EJ8WMT06/27/2018Aa2 AA250,192.50 250,079.08 255,445.00 448 3.125 3.098 1.32 SubTotal for Aa2 250,192.50 250,079.08 255,445.00 1.323.0983.125448 10/20/20201013417325FAJ7C10/23/2017Aa3 A+249,927.50 249,986.60 250,057.50 202 2.125 2.135 1.32 04/08/20221013559217GCD9MET11/02/2017Aa3 AA-252,002.50 250,912.17 251,032.50 737 2.650 2.458 1.32 SubTotal for Aa3 501,930.00 500,898.77 501,090.00 2.642.2972.388470 09/20/20211012317275RBJ0CSCO11/29/2016A1 AA-243,310.00 247,955.51 251,700.00 537 1.850 2.443 1.31 06/27/20221012846849LSW2JAC07/12/2017A1 AA-247,795.00 249,004.35 245,465.00 817 2.500 2.691 1.31 04/12/20211014905565EAU9BMWW10/09/2018A1 A+248,417.50 249,349.83 248,935.00 376 3.100 3.365 1.31 01/08/20241015589236TFS9TOY02/28/2019A1 AA-253,545.00 252,748.89 255,697.50 1,377 3.350 3.033 1.33 07/24/20231015690331HNV1USB03/01/2019A1 AA-253,307.50 252,492.64 262,317.50 1,209 3.400 3.076 1.33 SubTotal for A1 1,246,375.00 1,251,551.22 1,264,115.00 6.592.9232.844866 05/13/20241016046625HJX9JPM05/13/2019A2 A-515,115.00 512,444.68 521,370.00 1,503 3.625 2.970 2.70 SubTotal for A2 515,115.00 512,444.68 521,370.00 2.702.9703.6251503 10/10/20231015002665WCQ2HNDA10/10/2018A3 A250,072.50 250,051.11 254,007.50 1,287 3.625 3.619 1.32 11/15/20241016668389XBS3ORCL11/27/2019A3 A+259,900.00 259,213.42 262,020.00 1,689 2.950 2.106 1.36 SubTotal for A3 509,972.50 509,264.53 516,027.50 2.682.8493.2811492 10000 9001LAIF 07/01/2019None None7,823,958.36 7,823,958.36 7,823,958.36 1 1.740 1.740 41.18 Portfolio LYNW APData Updated: SET_CRE: 04/06/2020 13:57 Run Date: 04/06/2020 - 13:57 CR (PRF_CR) 7.2.0 Report Ver. 7.3.6.1 23Lynwood Successor Agency - Page 18 of 27 Sorted by Moody's - Investment Number Page 2Credit Rating Report Lynwood - Credit Rating Security #Purchase Principal Book ValueInvestment #% of Total Moody's RatingIssuerMarket Value S&P Rating Purchase Date Maturity Date Days To Maturity Stated Rate YTM 06/29/20211011587165HNN6SYF06/29/2016None None248,000.00 248,000.00 249,985.06 454 1.550 1.551 1.31 07/08/20201011640434AZ44HSBC07/08/2016None None248,000.00 248,000.00 248,078.74 98 1.400 1.401 1.31 06/22/20201012702006L3N1ALLY06/23/2017None None247,637.92 247,972.89 248,407.01 82 1.900 1.952 1.31 08/02/2022101291404203Z1COFU08/03/2017None None247,417.20 247,727.60 258,686.74 853 2.300 2.351 1.30 08/18/20201013005580AKA1BMW08/21/2017None None247,637.92 247,953.95 248,601.91 139 1.900 1.952 1.31 08/21/20201013149306SYR1KEY08/24/2017None None247,635.44 247,952.64 248,566.00 142 1.850 1.903 1.31 08/23/202210132795450D36SLMA08/24/2017None None247,417.20 247,720.89 259,247.58 874 2.350 2.402 1.30 09/21/20201013306740KKU0BACR09/21/2017None None247,635.44 247,942.46 248,869.11 173 1.950 2.001 1.31 01/11/20231013761747MF63MSB01/12/2018None None247,417.20 247,675.87 263,224.63 1,015 2.650 2.702 1.30 02/16/202110138856285HL8SBIIN02/15/2018None None247,635.44 247,893.32 251,207.59 321 2.450 2.503 1.30 06/29/20231014320033AZK5ADS06/29/2018None None247,427.12 247,628.54 271,047.22 1,184 3.300 3.357 1.30 07/06/20231014438148PR33GOLD07/09/2018None None247,432.08 247,628.97 271,141.75 1,191 3.300 3.352 1.30 08/30/202310147949763TF3WFB08/31/2018None None247,429.60 247,610.57 272,207.80 1,246 3.300 3.354 1.30 02/21/20231015359013J5Z8MERICK12/19/2018None None247,516.40 247,665.13 268,928.33 1,056 3.350 3.407 1.30 02/27/20241015417312Q3B3C02/28/2019None None247,427.12 247,552.05 272,628.03 1,427 3.000 3.052 1.30 05/20/20221015927002YEM4EGBN05/10/2019None None248,000.00 248,000.00 259,191.00 779 2.600 2.605 1.31 06/13/20221016133847E2J5FBC06/12/2019None None248,000.00 248,000.00 259,136.42 803 2.500 2.500 1.31 09/13/20241016332100LCB9FMOSTB09/13/2019None None248,000.00 248,000.00 263,068.24 1,626 1.850 1.852 1.31 09/27/20231016429278TLY4CMS09/30/2019None None247,523.84 247,583.93 261,414.14 1,274 2.000 2.052 1.30 SubTotal for No Specified Rating 12,529,148.28 12,532,467.17 12,747,595.66 65.972.0011.986292 Portfolio LYNW APData Updated: SET_CRE: 04/06/2020 13:57 Run Date: 04/06/2020 - 13:57 CR (PRF_CR) 7.2.0 Report Ver. 7.3.6.1 24Lynwood Successor Agency - Page 19 of 27 Page 1 March 31, 2020 Interest Earnings Summary Month EndingMarch 31 Fiscal Year To Date Portfolio Management Lynwood - Portfolio Management CD/Coupon/Discount Investments: 10,596.05Interest Collected Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period 66,902.71 ( 54,896.54) 186,618.76 66,902.71 ( 54,583.18) Less Accrued Interest at Purchase During Period ( 0.00)( 0.00) Interest Earned during Period Adjusted by Premiums and Discounts Adjusted by Capital Gains or Losses Earnings during Periods 22,602.22 76.66 0.00 198,938.29 1,858.25 -111.47 22,678.88 200,685.07 Pass Through Securities: 0.00Interest Collected Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period 0.00 ( 0.00) 0.00 0.00 ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00)( 0.00) Interest Earned during Period Adjusted by Premiums and Discounts Adjusted by Capital Gains or Losses Earnings during Periods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash/Checking Accounts: 152.01Interest Collected Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period 70,623.27 ( 51,936.80) 324,636.94 70,623.27 ( 97,536.04) Interest Earned during Period 18,838.48 297,724.17 Total Interest Earned during Period Total Adjustments from Premiums and Discounts Total Capital Gains or Losses Total Earnings during Period 41,440.70 76.66 0.00 496,662.46 1,858.25 -111.47 41,517.36 498,409.24 Portfolio LYNW APData Updated: SET_PMM: 04/06/2020 13:47 Run Date: 04/06/2020 - 13:47 PM (PRF_PM6) 7.3.0 Report Ver. 7.3.6.1 27Lynwood Successor Agency - Page 20 of 27 Lynwood - Interest Reports Interest Earnings Sorted by Security Type - Maturity Date March 1, 2020 - March 31, 2020 Yield on Beginning Book Value Maturity Date Current Rate Ending Par Value Ending IssuerFund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest Earned Security Type: Money Market Funds 149,015.1410011149,015.14 0.340GSGF 97.88 0.00 97.880.838LYN137,594.429000 149,015.14Subtotal 149,015.14 0.838 97.880.0097.88137,594.42 Security Type: LAIF 7,823,958.36100007,823,958.36 1.740LAIF 18,740.60 0.00 18,740.601.394LYNL15,823,958.369001 7,823,958.36Subtotal 7,823,958.36 1.394 18,740.600.0018,740.6015,823,958.36 Security Type: Corporate Notes 249,986.6010134250,000.00 2.125C10/20/2020 442.71 2.02 444.732.095LYN249,984.5817325FAJ7 249,349.8310149250,000.00 3.100BMWW04/12/2021 645.83 52.58 698.413.299LYN249,297.2505565EAU9 250,079.0810142250,000.00 3.125WMT06/23/2021 651.05 -5.36 645.693.040LYN250,084.44931142EJ8 249,906.7510118250,000.00 1.550AAPL08/04/2021 322.91 5.79 328.701.549LYN249,900.96037833CC2 247,955.5110123250,000.00 1.850CSCO09/20/2021 385.42 115.94 501.362.382LYN247,839.5717275RBJ0 250,912.1710135250,000.00 2.650MET04/08/2022 552.08 -37.64 514.442.414LYN250,949.8159217GCD9 249,004.3510128250,000.00 2.500JAC06/27/2022 520.83 37.06 557.892.638LYN248,967.2946849LSW2 252,492.6410156250,000.00 3.400USB07/24/2023 708.33 -62.68 645.653.010LYN252,555.3290331HNV1 250,051.1110150250,000.00 3.625HNDA10/10/2023 755.21 -1.21 754.003.550LYN250,052.3202665WCQ2 252,748.8910155250,000.00 3.350TOY01/08/2024 697.91 -60.78 637.132.967LYN252,809.6789236TFS9 512,444.6810160500,000.00 3.625JPM05/13/2024 1,510.42 -251.92 1,258.502.890LYN512,696.6046625HJX9 259,213.4210166250,000.00 2.950ORCL11/15/2024 614.58 -166.11 448.472.036LYN259,379.5368389XBS3 249,136.9010167250,000.00 2.000NYLIFE01/22/2025 416.66 14.95 431.612.040LYN249,121.9564952WDL4 3,500,000.00Subtotal 3,523,281.93 2.629 7,866.58-357.368,223.943,523,639.29 Security Type: Federal Agency 350,000.0010126350,000.00 1.580FHLMC04/27/2020 460.83 0.00 460.831.550LYN350,000.003134GBHX3 500,680.7910152500,000.00 3.050FFCB11/15/2021 1,270.83 -34.97 1,235.862.906LYN500,715.763133EJT74 497,706.8510124500,000.00 1.875FHLB12/10/2021 781.25 112.96 894.212.116LYN497,593.893130AAB49 498,653.0710136500,000.00 2.000FNMA10/05/2022 833.33 44.70 878.032.073LYN498,608.373135G0T78 Portfolio LYNW APData Updated: SET_INT: 04/06/2020 13:56 Run Date: 04/06/2020 - 13:56 IE (PRF_IE) 7.2.0 Report Ver. 7.3.6.1 28Lynwood Successor Agency - Page 21 of 27 Maturity Date Current Rate Ending Par Value EndingIssuerFund Page 2 Book ValueBeginningBook Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest March 1, 2020 - March 31, 2020 Interest Earnings Lynwood - Interest Reports Annualized YieldCUSIPInvestment #Interest Earned Security Type: Federal Agency 499,914.9510162500,000.00 1.900FFCB07/01/2024 791.67 1.66 793.331.868LYN499,913.293133EKTV8 198,518.5910165200,000.00 1.500FFCB10/16/2024 250.00 27.18 277.181.644LYN198,491.413133EK3B0 2,550,000.00Subtotal 2,545,474.25 2.100 4,539.44151.534,387.912,545,322.72 Security Type: Treasury Coupon Securities 248,813.6610158250,000.00 1.875USTR12/15/2020 397.03 142.55 539.582.555LYN248,671.119128283L2 250,000.00Subtotal 248,813.66 2.555 539.58142.55397.03248,671.11 Security Type: CD-FDIC 247,972.8910127248,000.00 1.900ALLY06/22/2020 400.20 10.26 410.461.949LYN247,962.6302006L3N1 248,000.0010116248,000.00 1.400HSBC07/08/2020 294.88 0.00 294.881.400LYN248,000.0040434AZ44 247,953.9510130248,000.00 1.900BMW08/18/2020 400.19 10.27 410.461.949LYN247,943.6805580AKA1 247,952.6410131248,000.00 1.850KEY08/21/2020 389.67 10.34 400.011.900LYN247,942.3049306SYR1 247,942.4610133248,000.00 1.950BACR09/21/2020 410.73 10.32 421.052.000LYN247,932.1406740KKU0 247,893.3210138248,000.00 2.450SBIIN02/16/2021 516.04 10.30 526.342.500LYN247,883.02856285HL8 248,000.0010115248,000.00 1.550SYF06/29/2021 326.47 0.00 326.471.550LYN248,000.0087165HNN6 248,000.0010159248,000.00 2.600EGBN05/20/2022 547.64 0.00 547.642.600LYN248,000.0027002YEM4 248,000.0010161248,000.00 2.500FBC06/13/2022 526.58 0.00 526.582.500LYN248,000.0033847E2J5 247,727.6010129248,000.00 2.300COFU08/02/2022 484.45 9.90 494.352.350LYN247,717.701404203Z1 247,720.8910132248,000.00 2.350SLMA08/23/2022 494.98 9.89 504.872.400LYN247,711.00795450D36 247,675.8710137248,000.00 2.650MSB01/11/2023 558.18 9.90 568.082.701LYN247,665.9761747MF63 247,665.1310153248,000.00 3.350MERICK02/21/2023 705.61 9.83 715.443.401LYN247,655.3059013J5Z8 247,628.5410143248,000.00 3.300ADS06/29/2023 704.74 9.73 714.473.397LYN247,618.8120033AZK5 247,628.9710144248,000.00 3.300GOLD07/06/2023 695.08 9.66 704.743.351LYN247,619.3138148PR33 247,610.5710147248,000.00 3.300WFB08/30/2023 695.08 9.69 704.773.351LYN247,600.88949763TF3 247,583.9310164248,000.00 2.000CMS09/27/2023 421.26 10.12 431.382.052LYN247,573.8129278TLY4 247,552.0510154248,000.00 3.000C02/27/2024 631.89 9.73 641.623.052LYN247,542.3217312Q3B3 248,000.0010163248,000.00 1.850FMOSTB09/13/2024 389.67 0.00 389.671.850LYN248,000.0032100LCB9 4,712,000.00Subtotal 4,708,508.81 2.434 9,733.28139.949,593.344,708,368.87 18,984,973.50Total 18,999,052.15 1.811 41,517.3676.6641,440.7026,987,554.77 Portfolio LYNW APData Updated: SET_INT: 04/06/2020 13:56 Run Date: 04/06/2020 - 13:56 IE (PRF_IE) 7.2.0 Report Ver. 7.3.6.1 29Lynwood Successor Agency - Page 22 of 27 Lynwood - Interest Reports Accrued Interest Sorted by Security Type - Maturity Date March 1, 2020 - March 31, 2020 Maturity Date Security Type Current Rate Par Value * Beginning Accrued Interest * Ending Accrued Interest Adjusted Acc'd Int. at Purchase During PeriodCUSIPInvestment #Interest Earned Interest Received Money Market Funds 152.01100119000149,015.14 0.340PA1 97.88 152.01 97.880.00 152.01149,015.14Subtotal 97.8897.88 152.010.00 LAIF 51,784.791000090017,823,958.36 1.740PA2 18,740.60 0.00 70,525.390.00 51,784.797,823,958.36Subtotal 70,525.3918,740.60 0.000.00 Corporate Notes 1,933.161013417325FAJ7250,000.00 2.125MTN10/20/2020 442.71 0.00 2,375.870.00 2,992.361014905565EAU9250,000.00 3.100MTN04/12/2021 645.83 0.00 3,638.190.00 1,475.6910142931142EJ8250,000.00 3.125MTN06/23/2021 651.05 0.00 2,126.740.00 290.6310118037833CC2250,000.00 1.550MTN08/04/2021 322.91 0.00 613.540.00 2,068.401012317275RBJ0250,000.00 1.850MTN09/20/2021 385.42 2,312.50 141.320.00 2,631.601013559217GCD9250,000.00 2.650MTN04/08/2022 552.08 0.00 3,183.680.00 1,111.111012846849LSW2250,000.00 2.500MTN06/27/2022 520.83 0.00 1,631.940.00 873.611015690331HNV1250,000.00 3.400MTN07/24/2023 708.33 0.00 1,581.940.00 3,549.481015002665WCQ2250,000.00 3.625MTN10/10/2023 755.21 0.00 4,304.690.00 1,232.991015589236TFS9250,000.00 3.350MTN01/08/2024 697.91 0.00 1,930.900.00 5,437.501016046625HJX9500,000.00 3.625MTN05/13/2024 1,510.42 0.00 6,947.920.00 2,171.531016668389XBS3250,000.00 2.950MTN11/15/2024 614.58 0.00 2,786.110.00 541.671016764952WDL4250,000.00 2.000MTN01/22/2025 416.66 0.00 958.330.00 26,309.733,500,000.00Subtotal 32,221.178,223.94 2,312.500.00 Federal Agency 1,904.78101263134GBHX3350,000.00 1.580FAC04/27/2020 460.83 0.00 2,365.610.00 4,490.28101523133EJT74500,000.00 3.050FAC11/15/2021 1,270.83 0.00 5,761.110.00 2,109.38101243130AAB49500,000.00 1.875FAC12/10/2021 781.25 0.00 2,890.630.00 4,055.56101363135G0T78500,000.00 2.000FAC10/05/2022 833.33 0.00 4,888.890.00 1,583.33101623133EKTV8500,000.00 1.900FAC07/01/2024 791.67 0.00 2,375.000.00 1,125.00101653133EK3B0200,000.00 1.500FAC10/16/2024 250.00 0.00 1,375.000.00 15,268.332,550,000.00Subtotal 19,656.244,387.91 0.000.00 Treasury Coupon Securities Portfolio LYNW ACData Updated: SET_INT: 04/06/2020 13:56 Run Date: 04/06/2020 - 13:56 AI (PRF_AI) 7.2.8 Report Ver. 7.3.6.1 * Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest. 30Lynwood Successor Agency - Page 23 of 27 Maturity Date Security Type Current Rate Par Value Sorted by Security Type - Maturity Date Page 2 * Beginning Accrued Interest * Ending Accrued Interest Adjusted Acc'd Int. at Purchase During Period Accrued Interest Lynwood - Interest Reports CUSIP Investment # Interest Earned Interest Received Treasury Coupon Securities 986.17101589128283L2250,000.00 1.875TRC12/15/2020 397.03 0.00 1,383.200.00 986.17250,000.00Subtotal 1,383.20397.03 0.000.00 CD-FDIC 903.671012702006L3N1248,000.00 1.900MC206/22/2020 400.20 0.00 1,303.870.00 504.151011640434AZ44248,000.00 1.400MC207/08/2020 294.88 0.00 799.030.00 154.921013005580AKA1248,000.00 1.900MC208/18/2020 400.19 0.00 555.110.00 87.991013149306SYR1248,000.00 1.850MC208/21/2020 389.67 0.00 477.660.00 2,146.391013306740KKU0248,000.00 1.950MC209/21/2020 410.73 2,411.38 145.740.00 266.3510138856285HL8248,000.00 2.450MC202/16/2021 516.04 0.00 782.390.00 663.491011587165HNN6248,000.00 1.550MC206/29/2021 326.47 0.00 989.960.00 353.311015927002YEM4248,000.00 2.600MC205/20/2022 547.64 512.31 388.640.00 1,358.901016133847E2J5248,000.00 2.500MC206/13/2022 526.58 0.00 1,885.480.00 437.57101291404203Z1248,000.00 2.300MC208/02/2022 484.45 0.00 922.020.00 111.7710132795450D36248,000.00 2.350MC208/23/2022 494.98 0.00 606.750.00 900.271013761747MF63248,000.00 2.650MC201/11/2023 558.18 0.00 1,458.450.00 273.141015359013J5Z8248,000.00 3.350MC202/21/2023 705.61 660.09 318.660.00 907.711014320033AZK5248,000.00 3.300MC206/29/2023 704.74 1,345.32 267.130.00 1,233.211014438148PR33248,000.00 3.300MC207/06/2023 695.08 0.00 1,928.290.00 44.8310147949763TF3248,000.00 3.300MC208/30/2023 695.08 672.66 67.250.00 40.771016429278TLY4248,000.00 2.000MC209/27/2023 421.26 394.08 67.950.00 61.151015417312Q3B3248,000.00 3.000MC202/27/2024 631.89 0.00 693.040.00 2,136.881016332100LCB9248,000.00 1.850MC209/13/2024 389.67 2,287.71 238.840.00 12,586.474,712,000.00Subtotal 13,896.269,593.34 8,283.550.00 0.0018,984,973.50Total 137,780.1441,440.70 10,748.06107,087.50 Portfolio LYNW ACData Updated: SET_INT: 04/06/2020 13:56 Run Date: 04/06/2020 - 13:56 AI (PRF_AI) 7.2.8 Report Ver. 7.3.6.1 * Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest. 31Lynwood Successor Agency - Page 24 of 27 Lynwood - Interest Reports Sorted By Investment Type Sales/Calls/Maturities: March 1, 2020 - March 31, 2020 Realized Gains and Losses Investment # Maturity DateCurrent Rate Par Value Book Value Maturity/Sale Proceeds Realized Gain/Loss Sale Date Total Earnings Yield 365 Inv. Type Purchase Date Term Days Held Net Earnings Total Total Issuer 0.000.00 0.00 0.00 0.00 0.000No Sales or Maturities Portfolio LYNW ACData Updated: SET_INT: 04/06/2020 13:56 Run Date: 04/06/2020 - 13:56 CG (PRF_CGR1) 7.1.1 Report Ver. 7.3.6.1 32Lynwood Successor Agency - Page 25 of 27 City of Lynwood Cash Reconciliation Report For the Period March 1, 2020 - March 31, 2020 Par Value Cash Trans. TypeInvestment # Fund Security ID Trans. Date Security Description Maturity Date Interest RedemptionsPurchases 06/29/20231014303/02/2020 InterestLYN 20033AZK5 248,000.00 ADS 0.2M 3.30% Mat. 06/29/2023 0.00 695.08 0.00 695.08 1001103/02/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-1,367.74 0.00 0.00 -1,367.74 1001103/03/2020 InterestLYN 9000 663,500.32 GSGF 0.7M 2.25%0.00 152.01 0.00 152.01 1001103/03/2020 InterestLYN 9000 663,500.32 GSGF 0.7M 2.25%-152.01 0.00 0.00 -152.01 05/20/20221015903/10/2020 InterestLYN 27002YEM4 248,000.00 EGBN 0.2M 2.60% Mat. 05/20/2022 0.00 512.31 0.00 512.31 1001103/10/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-512.31 0.00 0.00 -512.31 09/13/20241016303/13/2020 InterestLYN 32100LCB9 248,000.00 FMOSTB 0.2M 1.85% Mat.0.00 2,287.71 0.00 2,287.71 1001103/13/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-2,287.71 0.00 0.00 -2,287.71 1000003/16/2020 WithdrawalLYNL 9001 21,001,393.55 LAIF 21.0M 2.41%0.00 0.00 8,000,000.00 8,000,000.00 02/21/20231015303/18/2020 InterestLYN 59013J5Z8 248,000.00 MERICK 0.2M 3.35% Mat.0.00 660.09 0.00 660.09 1001103/18/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-660.09 0.00 0.00 -660.09 09/20/20211012303/20/2020 InterestLYN 17275RBJ0 250,000.00 CSCO 0.3M 1.85% Mat. 09/20/2021 0.00 2,312.50 0.00 2,312.50 09/21/20201013303/20/2020 InterestLYN 06740KKU0 248,000.00 BACR 0.2M 1.95% Mat. 09/21/2020 0.00 2,411.38 0.00 2,411.38 1001103/20/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-4,723.88 0.00 0.00 -4,723.88 09/27/20231016403/27/2020 InterestLYN 29278TLY4 248,000.00 CMS 0.2M 2.00% Mat. 09/27/2023 0.00 394.08 0.00 394.08 1001103/27/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-394.08 0.00 0.00 -394.08 06/29/20231014303/30/2020 InterestLYN 20033AZK5 248,000.00 ADS 0.2M 3.30% Mat. 06/29/2023 0.00 650.24 0.00 650.24 08/30/20231014703/30/2020 InterestLYN 949763TF3 248,000.00 WFB 0.2M 3.30% Mat. 08/30/2023 0.00 672.66 0.00 672.66 1001103/30/2020 DepositLYN 9000 663,500.32 GSGF 0.7M 2.25%-1,322.90 0.00 0.00 -1,322.90 Subtotal -11,420.72 10,748.06 8,000,000.00 7,999,327.34 Total -11,420.72 10,748.06 8,000,000.00 7,999,327.34 Portfolio LYNW AP Run Date: 04/06/2020 - 14:01 AC (PRF_AC) 7.2.0 Report Ver. 7.3.6.133Lynwood Successor Agency - Page 26 of 27 Economic and Market Update *Estimates for the current quarter/month, some data are lagged Sources: FHN Main Street and Bloomberg 3/31/20 Item 3/31/20 12/31/19 Change U.S. Payrolls Monthly Change (701,000)184,000 (885,000) Unemployment Rate 4.4%3.5%0.9% Labor Force Participation 62.7%63.2%(0.5%) Effective Fed Funds Rate 0.08%1.55%(1.47%) 2 Year T-Note 0.25%1.57%(1.32%) 3 Month T-Bill 0.09%1.55%(1.46%) 3 Year T-Note 0.30%1.61%(1.32%) 5 Year T-Note 0.38%1.69%(1.31%) 10 Year T-Note 0.67%1.92%(1.25%) U.S. Fed Debt Avg Yield*2.39%2.36%0.03% 30 Year Mortgage Rate 3.86%3.86%0.00% 1-5 Yr Agency Spread 0.26%0.04%0.22% 1-5 Yr A-AAA Corporate Spread 1.88%0.36%1.52% Dow Jones 21,917 28,538 (23.2%) S&P 500 2,585 3,231 (20.0%) Consumer Price Index YOY*2.4%2.3%0.1% U.S. Avg Regular Unleaded $1.98 $2.59 ($0.60) Retail Sales YOY*2.8%5.4%(2.6%) Case-Shiller Home Prices YOY*3.1%2.6%0.5% Consumer Confidence 120.0 128.2 (8.2) Gold (per ounce)$1,577.18 $1,517.27 $59.91 Dollar Index 99.05 96.39 2.66 35Lynwood Successor Agency - Page 27 of 27