HomeMy Public PortalAbout2021-01-05-Lynwood-Agenda-LPFAThis 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.
Procedures for Addressing the Council
IN ORDER TO EXPEDITE CITY COUNCIL BUSINESS, WE ASK THAT ALL PERSONS WISHING TO ADDRESS THE
COUNCIL SUBMIT YOUR COMMENTS IN ADVANCE TO CITYCLERK@LYNWOOD.CA.US OR FILL OUT A FORM
PROVIDED AT THE PODIUM, AND TO TURN IT IN TO THE CITY CLERK PRIOR TO THE START OF THE
MEETING. FAILURE TO FILL OUT SUCH A FORM WILL PROHIBIT YOU FROM ADDRESSING THE COUNCIL IN
THE ABSENCE OF THE UNANIMOUS CONSENT OF THE COUNCIL.
AGENDA
Lynwood Public Financing Authority
TO BE HELD ON
January 5, 2021
Web conference via ZOOM - To participate please join via Zoom or by telephone: 1-669-900-
9128 or 1-253-215-8782 Meeting ID: 835 2029 8238. Duly Posted on 12/31/20 by MQ
If interpretation services are needed, please dial (310) 372-7549; conference code 673120
6:00 PM
1.CALL TO ORDER
2.CERTIFICATION OF AGENDA POSTING BY SECRETARY
3.ROLL CALL OF MEMBERS
Marisela Santana, President
Jorge Casanova, Vice President
Oscar Flores, Member
Jose Luis Solache, Member
Rita Soto, Member
4.GOVERNMENT CODE SECTION 54954.3
Members of the City Council are also members of Lynwood Public Financing Authority, which is
concurrently convening with the City Council this evening and each Council Member is paid an
Additional Stipend of $100 for Attending the Lynwood Public Financing Authority Meeting. Further,
the Authority is scheduled to meet four (4) timer per year. If additional meetings are required beyond
the scheduled four (4) meetings, the City Council will only get paid for the first four(4) meetings.
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NON-AGENDA PUBLIC ORAL COMMUNICATIONS
THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD PUBLIC
Lynwood Public Financing Authority - Page 1 of 26
FINANCING AUTHORITY ON ITEMS WITHIN THE JURISDICTION OF THE LYNWOOD PUBLIC FINANCING
AUTHORITY 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 PUBLIC FINANCING AUTHORITY, BUT LYNWOOD
PUBLIC FINANCING AUTHORITY 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
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.
5.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 quarter ending
September 30, 2020.
ADJOURNMENT
THE LYNWOOD PUBLIC FINANCE AUTHORITY 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 Public Financing Authority - Page 2 of 26
Agenda Item # 5.
AGENDA STAFF REPORT
DATE: January 5, 2021
TO: Honorable President and Members of the Public Finance Authority
APPROVED BY: Michelle G. Ramirez, Acting 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 quarter ending September 30, 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
Portfolio Details – Investments Report
Lynwood Public Financing Authority - Page 3 of 26 Agenda Item # 2
Inventory by Maturity Report
Credit Rating Report
Interest Earnings Report
Accrued Interest Report
Gains/Losses Report
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 1st quarter reporting is $4.024.51. The total
amount collect for the 1st period reporting was not available at the time of this report.
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 - September 2020
FHN Quarterly - September 2020
Lynwood Public Financing Authority - Page 4 of 26 Agenda Item # 2
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 $125,254.43 3.11$ 3.11$
JP Morgan Chase - Money Market Account $1,881,686.66 46.74$ 46.74$
JP Morgan Chase - Parking Enforcement $3,847,854.52 95.32$ 95.32$
US Bank - City of Lynwood 4,539.37$ 0.10$ 0.10$
Total $5,859,334.98 145.27$ 145.27$
Demand Deposits
General Account 6,676,879.95
US Bank - Economic Development 10,696.54
US Bank - Housing Authority A 37,569.83
US Bank - Housing Authority B 18,000.09$
US Bank - City HCDA 78,719.79$
US Bank - City Home Program 563,924.00
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 4,038,685.14
US Bank - Low Mod Housing Trst Fnd/Rogel 4,250,003.48
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 18,016,356.98$
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
September 30, 2020
Lynwood Public Financing Authority - Page 5 of 26 Agenda Item # 2
Sept 2020.xls
Quarterly Date Interest
Issuer Investment Balance Interest Rec'd Received Rate
State of California LAIF 14,937,379.29 40,432.64 30-Jun-20 1.47%
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)
103 Billion
6/30/2020
CITY OF LYNWOOD
QUARTERLY REPORT
September 30, 2020
LAIF Daily Yield .65% - Quarter to Date 0.80% - Average Days to Maturity 169
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
10.67%
0.00%
8.05%
0.00%
4.41%
14.47%
16.93%
0.00%
55.46%
Lynwood Public Financing Authority - Page 6 of 26 Agenda Item # 2
Sept 2020.xls
PAR MARKET BOOK
INVESTMENTS VALUE VALUE VALUE
*Money Market Funds 1,635,089.27$ 1,635,089.27$ 1,635,089.27$
LAIF 14,937,379.29$ 14,937,379.29$ 14,937,379.29$
Corporate Notes 3,000,000.00$ 3,162,067.50$ 3,034,311.43$
Federal Agency 2,700,000.00$ 2,784,706.00$ 2,696,383.49$
Treasury Coupon Securities 250,000.00$ 250,897.50$ 249,655.13$
CD-FDIC 3,720,000.00$ 3,914,624.41$ 3,717,269.87$
TOTAL 26,242,468.56$ 26,684,763.97$ 26,270,088.48$
*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)125,254.43$ N/A 3.11$
JP Morgan Chase - Money Market Account 1,881,686.66$ N/A 46.74$
JP Morgan Chase - Parking Enforcement 3,847,854.52$ N/A 95.32$
US Bank - City of Lynwood 4,539.37$ N/A 0.10$
TOTAL 5,859,334.98$ 145.27$
Corporate Checking Accounts Balance
General Account 6,676,879.95$
US Bank - City HCDA 78,719.79$
US Bank - City Home Program 563,924.00$
US Bank - Economic Development 10,696.54$
US Bank - Housing Authority A 37,569.83$
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 4,038,685.14$
US Bank - Low Mod Housing Trst Fnd/Rogel 4,250,003.48$
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 18,016,356.98$
CITY OF LYNWOOD
QUARTERLY REPORT
30-Sep-20
PORTFOLIO SUMMARY
Lynwood Public Financing Authority - Page 7 of 26 Agenda Item # 2
Sept 2020.xls
AVERAGE
MARKET PERCENTAGE (%)DAYS TO
DESCRIPTION VALUE PORTFOLIO MATURITY
INVESTMENTS*26,684,763.97 100%*
CERTIFICATE OF DEPOSIT/TIME DEPOSIT/
MONEY MARKET/CUSTODY HOLDINGS 5,859,334.98
CHECKING ACCOUNT 18,016,356.98
TOTAL AVERAGES 23,875,691.96$
TOTAL INVESTMENTS & AVERAGES 50,560,455.93$
Gabriela Camacho/Sheila Harding
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
September 30, 2020
MASTER SUMMARY
Lynwood Public Financing Authority - Page 8 of 26 Agenda Item # 2
2019
Jan - Mar Apr - June July - Sept Oct - Dec
Investments Managed by Main Street $19,343,710.80 26,606,097.54 26,684,763.97 $27,035,284.10
Cash & Investments $31,824,909.82 30,290,028.74 23,875,691.96 $18,572,566.34
Per Treasurer's Reports 51,168,620.62 56,896,126.28$ $50,560,455.93 45,607,850.44$
Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account*12,532,186.73$ 4,149,894.00$ 8,170,598.20$ 8,511,482.53$
*Local Agency Investment Fund 14,896,946.65$ 40,432.64$ -$ 14,937,379.29$
US Bank - Economic Development 10,696.54$ -$ -$ 10,696.54$
US Bank - RORF - Successor Agency 4,646,290.56$ -$ 214,161.00$ 4,432,129.56$
US Bank - Low Mod Housing Trust 4,452,851.70$ -$ 193,979.32$ 4,258,872.38$
Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account*8,511,482.53$ 5,485,726.32$ 5,625,150.76$ 8,372,058.09$
*Local Agency Investment Fund 14,937,379.29$ -$ -$ 14,937,379.29$
US Bank - Economic Development 10,696.54$ 10,696.54$
US Bank - RORF - Successor Agency 4,432,129.56$ 393,444.42$ 4,038,685.14$
US Bank - Low Mod Housing Trust 4,258,872.38$ 8,868.90$ 4,250,003.48$
Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account 8,372,058.09$ 4,483,873.59$ 6,179,051.73$ 6,676,879.95$
*Local Agency Investment Fund 14,937,379.29$ -$ 14,937,379.29$
US Bank - Economic Development 10,696.54$ -$ -$ 10,696.54$
US Bank - RORF - Successor Agency 4,038,685.14$ -$ -$ 4,038,685.14$
US Bank - Low Mod Housing Trust 4,250,003.48$ 2,187.50$ 2,187.50$ 4,250,003.48$
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
2020
Jul-20
Aug-20
Sep-20
CITY OF LYNWOOD
QUARTERLY REPORT
30-Sep-20
MONTHLY BALANCES PER STATEMENT
DEMAND DEPOSIT ACCOUNTS
BALANCES PER QUARTER
Lynwood Public Financing Authority - Page 9 of 26 Agenda Item # 2
Portfolio Summary
LAIF
Goldman Sach Govt MMF
Market Value FFCB
Book Value FNMA
Variance JP Morgan Chase & Co.
FHLB
Par Value Exxon Mobil
Toyota
Net Asset Value US Bank
Met Life
Book Yield Walmart
Apple
Years to Maturity BMW
U.S. Treasury
Effective Duration Jackson Natl Life
*Book Value is Amortized
$414,675 $432,805
$26,242,469 $26,226,281
3.8%
1.9%
1.9%
1.0%
4.6%
$101.579 $101.649
9/30/20 8/31/20
$26,684,764 $26,686,903
$26,270,088 $26,254,098
1.0%
1.0%
1.0%
1.0%
1.0%
1.0%
1.0%
0.9%
9/30/2020
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
City of Lynwood
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS
Issuer % Portfolio
56.9%
6.2%
1.26% 1.34%
0.90 0.89
0.84 0.82
Agy 10.3%
Tsy 1.0%
LAIF 56.9%
MMF 6.2%
CD-FDIC
14.2%
CP
0.0%
Corp 11.6%69.7%
9.5%8.5%6.7%5.6%
0%
10%
20%
30%
40%
50%
60%
70%
80%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y
56.9%
14.2%
0.0%
0.0%
1.9%
4.8%
2.0%
1.0%
1.0%
18.4%
0%25%50%75%
NR-LAIF
NR-FDIC CDs
P-1
A3
A2
A1
Aa1
Aa2
Aa3
Aaa
1.00%
1.20%
1.40%
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Aug-20Sep-20Total Ex LAIF
NR: Not RatedPer Book ValuePer Book Value
Per Book Value
2Lynwood Public Financing Authority - Page 10 of 26 Agenda Item # 2
Investment Policy Compliance
Securities' market values are derived from the Entity's custodian.
0.0%
0.0%
6.2%
11.6%
Yes:
Yes:
Yes:
Yes:
Yes:
Yes:
Yes:
Yes:
Yes:
10.3%
14.2%
0.0%
14.9 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 9/30/2020
1.0%Yes:
Weighted Average Maturity Weighted Average Maturity (WAM) must be less than 3 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:69.7%
Item / Sector Parameters In Compliance
0.9 Yrs
3Lynwood Public Financing Authority - Page 11 of 26 Agenda Item # 2
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 $552.6 $586.8 $623.5
$35.2 $66.2 $94.9
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
1.58%1.39%1.33%
Custom Benchmark*1.26%1.13%1.01%
0.32%0.26%0.32%
*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 9/30/2020
Variance
Book Rate of Rtn
Fiscal YTD ($000s)
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021
$0
$100
$200
$300
$400
$500
$600
$700
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 FY 2021
0.70%
0.90%
1.10%
1.30%
1.50%
1.70%
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Monthly Book Rate of Return vs Benchmark
Portfolio
Benchmark
13Lynwood Public Financing Authority - Page 12 of 26 Agenda Item # 2
10-15-2020
16Lynwood Public Financing Authority - Page 13 of 26 Agenda Item # 2
Moody's
Page 1
Par Value Book Value Maturity
Date
Stated
RateMarket Value
September 30, 2020
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
Lynwood - Portfolio Management
S&P
YTM
365CUSIPInvestment #Purchase
Date
Money Market Funds
AaaGoldman Sach Govt MMF10011 1,635,089.27 1,635,089.27 0.0011,635,089.27 0.0019000 AAA
1,635,089.27 0.0011,635,089.271,635,089.271,515,875.23Subtotal and Average
LAIF
LAIF10000 14,937,379.29 14,937,379.29 0.68514,937,379.29 0.6859001
14,937,379.29 0.68514,937,379.2914,937,379.2914,937,379.29Subtotal and Average
Corporate Notes
Aa1Apple10118250,000.00 249,941.50 08/04/20211.55008/04/2016 252,402.50 1.579037833CC2 AA+
A1BMW10149250,000.00 249,665.27 04/12/20213.10010/09/2018 253,610.00 3.36505565EAU9 A+
A1Cisco10123250,000.00 248,651.18 09/20/20211.85011/29/2016 253,587.50 2.44317275RBJ0 AA-
A1Jackson Natl Life10128 250,000.00 249,226.71 06/27/20222.50007/12/2017 258,255.00 2.69146849LSW2 AA-
A2JP Morgan Chase & Co.10160 500,000.00 510,933.18 05/13/20243.62505/13/2019 551,910.00 2.97046625HJX9 A-
Aa3Met Life10135 250,000.00 250,686.32 04/08/20222.65011/02/2017 258,527.50 2.45859217GCD9 AA-
AaaNew York Life10167 250,000.00 249,226.65 01/22/20252.00001/22/2020 262,882.50 2.07664952WDL4 AA+
A1Toyota10155250,000.00 252,384.27 01/08/20243.35002/28/2019 271,667.50 3.03389236TFS9 A+
A1US Bank10156 250,000.00 252,116.55 07/24/20233.40003/01/2019 269,837.50 3.07690331HNV1 AA-
Aa2Walmart10142250,000.00 250,046.87 06/23/20213.12506/27/2018 255,422.50 3.098931142EJ8 AA
Aa1Exxon Mobil10168 250,000.00 271,432.93 03/19/20252.99206/22/2020 273,965.00 1.02130231GBH4 AA
3,034,311.43 2.5563,162,067.503,000,000.003,192,929.21Subtotal and Average
Federal Agency
AaaFFCB10152500,000.00 500,470.96 11/15/20213.05011/27/2018 516,305.00 2.9613133EJT74 AA+
AaaFFCB10162500,000.00 499,924.96 07/01/20241.90007/02/2019 530,310.00 1.9043133EKTV8 AA+
AaaFFCB10165200,000.00 198,681.68 10/16/20241.50010/17/2019 209,566.00 1.6713133EK3B0 AA+
AaaFHLB10124500,000.00 498,384.63 12/10/20211.87512/28/2016 510,230.00 2.1623130AAB49 AA+
AaaFNMA10136500,000.00 498,921.26 10/05/20222.00011/30/2017 518,540.00 2.1133135G0T78 AA+
AaaFNMA10169500,000.00 500,000.00 08/18/20250.50008/18/2020 499,755.00 0.5003136G4H71 AA+
2,696,383.49 1.9092,784,706.002,700,000.002,696,310.24Subtotal and Average
Treasury Coupon Securities
AaaU.S. Treasury10158 250,000.00 249,655.13 12/15/20201.87503/04/2019 250,897.50 2.5679128283L2 AA+
249,655.13 2.567250,897.50250,000.00249,588.46Subtotal and Average
Portfolio LYNW
APData Updated: SET_PMM: 10/14/2020 15:53
Run Date: 10/14/2020 - 15:53 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1 18Lynwood Public Financing Authority - Page 14 of 26 Agenda Item # 2
Moody's
Page 2
Par Value Book Value Maturity
Date
Stated
RateMarket Value
September 30, 2020
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
Lynwood - Portfolio Management
S&P
YTM
365CUSIPInvestment #Purchase
Date
CD-FDIC
Comenity Capital Bank10143 248,000.00 247,685.95 06/29/20233.30006/29/2018 269,121.45 3.40320033AZK5
BMW Bank10170 248,000.00 248,000.00 09/25/20250.50009/25/2020 250,025.71 0.50005580AXF6
Citibank10154 248,000.00 247,609.50 02/27/20243.00002/28/2019 271,459.95 3.05217312Q3B3
Enerbank10164 248,000.00 247,643.70 09/27/20232.00009/30/2019 261,228.98 2.05229278TLY4
Capital One Bank USA10129 248,000.00 247,786.04 08/02/20222.30008/03/2017 257,485.33 2.3511404203Z1
Eagle Bank10159 248,000.00 248,000.00 05/20/20222.60005/10/2019 257,371.40 2.60527002YEM4
Flagstar Bank10161 248,000.00 248,000.00 06/13/20222.50006/12/2019 257,532.56 2.50033847E2J5
First Missouri Bank10163 248,000.00 248,000.00 09/13/20241.85009/13/2019 263,570.35 1.85232100LCB9
Goldman Sachs Bank10144 248,000.00 247,685.98 07/06/20233.30007/09/2018 269,243.04 3.35238148PR33
Merrick Bank10153 248,000.00 247,723.16 02/21/20233.35012/19/2018 266,768.42 3.40759013J5Z8
Morgan Stanley Bank10137 248,000.00 247,734.31 01/11/20232.65001/12/2018 261,888.91 2.70261747MF63
State Bank of India10138 248,000.00 247,954.14 02/16/20212.45002/15/2018 250,142.57 2.503856285HL8
Salllie Mae Bank10132 248,000.00 247,779.33 08/23/20222.35008/24/2017 258,019.27 2.402795450D36
Synchrony Bank10115 248,000.00 248,000.00 06/29/20211.55006/29/2016 250,380.75 1.55187165HNN6
Wells Fargo Bank10147 248,000.00 247,667.76 08/30/20233.30008/31/2018 270,385.72 3.354949763TF3
3,717,269.87 2.5053,914,624.413,720,000.003,684,154.90Subtotal and Average
1.26026,276,237.33 26,242,468.56 26,684,763.97 26,270,088.48Total and Average
Portfolio LYNW
APData Updated: SET_PMM: 10/14/2020 15:53
Run Date: 10/14/2020 - 15:53 PM (PRF_PM2) 7.3.0
19Lynwood Public Financing Authority - Page 15 of 26 Agenda Item # 2
Lynwood - Maturity Report
Inventory by Maturity Report
September 30, 2020
Current
Rate
Par
Value
Book
Value
Sec.
TypeFund Date Maturity
Amount
Days toTotal
Days 360 365MaturityYTM
MaturityCUSIPInvestment #Issuer Purchase
Date
14,937,379.290.68514,937,379.29 14,937,379.2907/01/2020LAIF100009001PA2LYNL 10.6850.6761
1,635,089.270.0011,635,089.27 1,635,089.2707/01/2020Goldman Sach Govt MMF100119000PA1LYN 10.0010.0011
250,000.001.875249,655.13 250,000.0003/04/2019U.S. Treasury101589128283L2TRCLYN 12/15/2020 752.5672.531652
248,000.002.450247,954.14 248,000.0002/15/2018State Bank of India10138856285HL8MC2LYN 02/16/2021 1382.5032.4691,097
250,000.003.100249,665.27 250,000.0010/09/2018BMW1014905565EAU9MTNLYN 04/12/2021 1933.3653.319916
250,000.003.125250,046.87 250,000.0006/27/2018Walmart10142931142EJ8MTNLYN 06/23/2021 2653.0983.0551,092
248,000.001.550248,000.00 248,000.0006/29/2016Synchrony Bank1011587165HNN6MC2LYN 06/29/2021 2711.5511.5301,826
250,000.001.550249,941.50 250,000.0008/04/2016Apple10118037833CC2MTNLYN 08/04/2021 3071.5791.5571,826
250,000.001.850248,651.18 250,000.0011/29/2016Cisco1012317275RBJ0MTNLYN 09/20/2021 3542.4432.4091,756
500,000.003.050500,470.96 500,000.0011/27/2018FFCB101523133EJT74FACLYN 11/15/2021 4102.9612.9211,084
500,000.001.875498,384.63 500,000.0012/28/2016FHLB101243130AAB49FACLYN 12/10/2021 4352.1622.1321,808
250,000.002.650250,686.32 250,000.0011/02/2017Met Life1013559217GCD9MTNLYN 04/08/2022 5542.4582.4241,618
248,000.002.600248,000.00 248,000.0005/10/2019Eagle Bank1015927002YEM4MC2LYN 05/20/2022 5962.6052.5691,106
248,000.002.500248,000.00 248,000.0006/12/2019Flagstar Bank1016133847E2J5MC2LYN 06/13/2022 6202.5002.4661,097
250,000.002.500249,226.71 250,000.0007/12/2017Jackson Natl Life1012846849LSW2MTNLYN 06/27/2022 6342.6912.6541,811
248,000.002.300247,786.04 248,000.0008/03/2017Capital One Bank USA101291404203Z1MC2LYN 08/02/2022 6702.3512.3191,825
248,000.002.350247,779.33 248,000.0008/24/2017Salllie Mae Bank10132795450D36MC2LYN 08/23/2022 6912.4022.3691,825
500,000.002.000498,921.26 500,000.0011/30/2017FNMA101363135G0T78FACLYN 10/05/2022 7342.1132.0841,770
248,000.002.650247,734.31 248,000.0001/12/2018Morgan Stanley Bank1013761747MF63MC2LYN 01/11/2023 8322.7022.6651,825
248,000.003.350247,723.16 248,000.0012/19/2018Merrick Bank1015359013J5Z8MC2LYN 02/21/2023 8733.4073.3601,525
248,000.003.300247,685.95 248,000.0006/29/2018Comenity Capital Bank1014320033AZK5MC2LYN 06/29/2023 1,0013.4033.3571,826
248,000.003.300247,685.98 248,000.0007/09/2018Goldman Sachs Bank1014438148PR33MC2LYN 07/06/2023 1,0083.3523.3061,823
250,000.003.400252,116.55 250,000.0003/01/2019US Bank1015690331HNV1MTNLYN 07/24/2023 1,0263.0763.0331,606
248,000.003.300247,667.76 248,000.0008/31/2018Wells Fargo Bank10147949763TF3MC2LYN 08/30/2023 1,0633.3543.3081,825
248,000.002.000247,643.70 248,000.0009/30/2019Enerbank1016429278TLY4MC2LYN 09/27/2023 1,0912.0522.0231,458
250,000.003.350252,384.27 250,000.0002/28/2019Toyota1015589236TFS9MTNLYN 01/08/2024 1,1943.0332.9921,775
248,000.003.000247,609.50 248,000.0002/28/2019Citibank1015417312Q3B3MC2LYN 02/27/2024 1,2443.0523.0101,825
500,000.003.625510,933.18 500,000.0005/13/2019JP Morgan Chase & Co.1016046625HJX9 MTNLYN 05/13/2024 1,3202.9702.9291,827
500,000.001.900499,924.96 500,000.0007/02/2019FFCB101623133EKTV8FACLYN 07/01/2024 1,3691.9041.8781,826
248,000.001.850248,000.00 248,000.0009/13/2019First Missouri Bank1016332100LCB9MC2LYN 09/13/2024 1,4431.8521.8271,827
200,000.001.500198,681.68 200,000.0010/17/2019FFCB101653133EK3B0FACLYN 10/16/2024 1,4761.6711.6481,826
250,000.002.000249,226.65 250,000.0001/22/2020New York Life1016764952WDL4MTNLYN 01/22/2025 1,5742.0762.0481,827
250,000.002.992271,432.93 250,000.0006/22/2020Exxon Mobil1016830231GBH4MTNLYN 03/19/2025 1,6301.0211.0071,731
500,000.000.500500,000.00 500,000.0008/18/2020FNMA101693136G4H71FACLYN 08/18/2025 1,7820.5000.4931,826
248,000.000.500248,000.00 248,000.0009/25/2020BMW Bank1017005580AXF6MC2LYN 09/25/2025 1,8200.5000.4931,826
Portfolio LYNW
APData Updated: SET_MAT: 10/14/2020 15:57
Run Date: 10/14/2020 - 15:57 IM (PRF_IM) 7.1.1
Report Ver. 7.3.6.1
20Lynwood Public Financing Authority - Page 16 of 26 Agenda Item # 2
Current
Rate
Par
Value
Book
Value
Sec.
Type
Page 2
Fund Date Maturity
Amount
Days toTotal
Days 360 365MaturityYTM
Maturity
Inventory by Maturity Report
Lynwood - Maturity Report
CUSIP Investment #Issuer Purchase
Date
Subtotal and Average 26,242,468.56 26,242,468.5626,270,088.48 1.242 1.260 329
26,242,468.56 26,242,468.5626,270,088.48Net Maturities and Average 1.242 1.260 329
Portfolio LYNW
APData Updated: SET_MAT: 10/14/2020 15:57
Run Date: 10/14/2020 - 15:57 IM (PRF_IM) 7.1.1
Report Ver. 7.3.6.1
21Lynwood Public Financing Authority - Page 17 of 26 Agenda Item # 2
Lynwood - Credit Rating
Credit Rating Report
September 30, 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 07/01/2020Aaa AAA1,635,089.27 1,635,089.27 1,635,089.27 1 0.001 0.001 6.22
12/10/2021101243130AAB49FHLB12/28/2016Aaa AA+493,290.00 498,384.63 510,230.00 435 1.875 2.162 1.90
10/05/2022101363135G0T78FNMA11/30/2017Aaa AA+497,400.00 498,921.26 518,540.00 734 2.000 2.113 1.90
11/15/2021101523133EJT74FFCB11/27/2018Aaa AA+501,245.00 500,470.96 516,305.00 410 3.050 2.961 1.91
12/15/2020101589128283L2USTR03/04/2019Aaa AA+247,001.95 249,655.13 250,897.50 75 1.875 2.567 0.95
07/01/2024101623133EKTV8FFCB07/02/2019Aaa AA+499,900.00 499,924.96 530,310.00 1,369 1.900 1.904 1.90
10/16/2024101653133EK3B0FFCB10/17/2019Aaa AA+198,370.00 198,681.68 209,566.00 1,476 1.500 1.671 0.76
01/22/20251016764952WDL4NYLIFE01/22/2020Aaa AA+249,102.50 249,226.65 262,882.50 1,574 2.000 2.076 0.95
08/18/2025101693136G4H71FNMA08/18/2020Aaa AA+500,000.00 500,000.00 499,755.00 1,782 0.500 0.500 1.90
SubTotal for Aaa 4,821,398.72 4,830,354.54 4,933,575.27 18.391.3061.227635
08/04/202110118037833CC2AAPL08/04/2016Aa1 AA+249,652.50 249,941.50 252,402.50 307 1.550 1.579 0.95
03/19/20251016830231GBH4XOM06/22/2020Aa1 AA272,752.50 271,432.93 273,965.00 1,630 2.992 1.021 1.03
SubTotal for Aa1 522,405.00 521,374.43 526,367.50 1.981.2882.301996
06/23/202110142931142EJ8WMT06/27/2018Aa2 AA250,192.50 250,046.87 255,422.50 265 3.125 3.098 0.95
SubTotal for Aa2 250,192.50 250,046.87 255,422.50 0.953.0983.125265
04/08/20221013559217GCD9MET11/02/2017Aa3 AA-252,002.50 250,686.32 258,527.50 554 2.650 2.458 0.95
SubTotal for Aa3 252,002.50 250,686.32 258,527.50 0.952.4582.650554
09/20/20211012317275RBJ0CSCO11/29/2016A1 AA-243,310.00 248,651.18 253,587.50 354 1.850 2.443 0.95
06/27/20221012846849LSW2JAC07/12/2017A1 AA-247,795.00 249,226.71 258,255.00 634 2.500 2.691 0.95
04/12/20211014905565EAU9BMWW10/09/2018A1 A+248,417.50 249,665.27 253,610.00 193 3.100 3.365 0.95
01/08/20241015589236TFS9TOY02/28/2019A1 A+253,545.00 252,384.27 271,667.50 1,194 3.350 3.033 0.96
07/24/20231015690331HNV1USB03/01/2019A1 AA-253,307.50 252,116.55 269,837.50 1,026 3.400 3.076 0.96
SubTotal for A1 1,246,375.00 1,252,043.98 1,306,957.50 4.772.9232.843682
05/13/20241016046625HJX9JPM05/13/2019A2 A-515,115.00 510,933.18 551,910.00 1,320 3.625 2.970 1.94
SubTotal for A2 515,115.00 510,933.18 551,910.00 1.942.9703.6251320
10000 9001LAIF 07/01/2020None None14,937,379.29 14,937,379.29 14,937,379.29 1 0.685 0.685 56.86
06/29/20211011587165HNN6SYF06/29/2016None None248,000.00 248,000.00 250,380.75 271 1.550 1.551 0.94
08/02/2022101291404203Z1COFU08/03/2017None None247,417.20 247,786.04 257,485.33 670 2.300 2.351 0.94
08/23/202210132795450D36SLMA08/24/2017None None247,417.20 247,779.33 258,019.27 691 2.350 2.402 0.94
01/11/20231013761747MF63MSB01/12/2018None None247,417.20 247,734.31 261,888.91 832 2.650 2.702 0.94
02/16/202110138856285HL8SBIIN02/15/2018None None247,635.44 247,954.14 250,142.57 138 2.450 2.503 0.94
Portfolio LYNW
APData Updated: SET_CRE: 10/14/2020 15:55
Run Date: 10/14/2020 - 15:55 CR (PRF_CR) 7.2.0
Report Ver. 7.3.6.1
22Lynwood Public Financing Authority - Page 18 of 26 Agenda Item # 2
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
06/29/20231014320033AZK5ADS06/29/2018None None247,427.12 247,685.95 269,121.45 1,001 3.300 3.357 0.94
07/06/20231014438148PR33GOLD07/09/2018None None247,432.08 247,685.98 269,243.04 1,008 3.300 3.352 0.94
08/30/202310147949763TF3WFB08/31/2018None None247,429.60 247,667.76 270,385.72 1,063 3.300 3.354 0.94
02/21/20231015359013J5Z8MERICK12/19/2018None None247,516.40 247,723.16 266,768.42 873 3.350 3.407 0.94
02/27/20241015417312Q3B3C02/28/2019None None247,427.12 247,609.50 271,459.95 1,244 3.000 3.052 0.94
05/20/20221015927002YEM4EGBN05/10/2019None None248,000.00 248,000.00 257,371.40 596 2.600 2.605 0.94
06/13/20221016133847E2J5FBC06/12/2019None None248,000.00 248,000.00 257,532.56 620 2.500 2.500 0.94
09/13/20241016332100LCB9FMOSTB09/13/2019None None248,000.00 248,000.00 263,570.35 1,443 1.850 1.852 0.94
09/27/20231016429278TLY4CMS09/30/2019None None247,523.84 247,643.70 261,228.98 1,091 2.000 2.052 0.94
09/25/20251017005580AXF6BMW09/25/2020None None248,000.00 248,000.00 250,025.71 1,820 0.500 0.500 0.94
SubTotal for No Specified Rating 18,652,022.49 18,654,649.16 18,852,003.70 70.961.0471.040178
Portfolio LYNW
APData Updated: SET_CRE: 10/14/2020 15:55
Run Date: 10/14/2020 - 15:55 CR (PRF_CR) 7.2.0
Report Ver. 7.3.6.1
23Lynwood Public Financing Authority - Page 19 of 26 Agenda Item # 2
Page 1
September 30, 2020
Interest Earnings Summary
Month EndingSeptember 30 Fiscal Year To Date
Portfolio Management
Lynwood - Portfolio Management
CD/Coupon/Discount Investments:
14,162.35Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
52,621.07
( 47,213.93)
64,018.03
52,621.07
( 55,831.99)
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
19,569.49
-198.95
2.02
60,807.11
-539.49
2.02
19,372.56 60,269.64
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:
93.18Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
34,403.45
( 25,161.96)
40,820.02
34,403.45
( 40,570.26)
Interest Earned during Period 9,334.67 34,653.21
Total Interest Earned during Period
Total Adjustments from Premiums and Discounts
Total Capital Gains or Losses
Total Earnings during Period
28,904.16
-198.95
2.02
95,460.32
-539.49
2.02
28,707.23 94,922.85
Portfolio LYNW
APData Updated: SET_PMM: 10/14/2020 15:53
Run Date: 10/14/2020 - 15:53 PM (PRF_PM6) 7.3.0
Report Ver. 7.3.6.1
26Lynwood Public Financing Authority - Page 20 of 26 Agenda Item # 2
Maturity
Date
Current
Rate
Ending
Par Value
EndingIssuerFund
Page 2
Book ValueBeginningBook Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
September 1, 2020 - September 30, 2020
Interest Earnings
Lynwood - Interest Reports
Annualized
YieldCUSIPInvestment #Interest
Earned
2,700,000.00Subtotal 2,696,383.49 1.934 4,286.95151.544,135.412,696,231.95
Security Type: Treasury Coupon Securities
249,655.1310158250,000.00 1.875USTR12/15/2020 384.22 137.94 522.162.546LYN249,517.199128283L2
250,000.00Subtotal 249,655.13 2.546 522.16137.94384.22249,517.19
Security Type: CD-FDIC
0.00101330.00 1.950BACR09/21/2020 264.99 6.65 271.641.999LYN247,993.3506740KKU0
247,954.1410138248,000.00 2.450SBIIN02/16/2021 499.40 9.97 509.372.499LYN247,944.17856285HL8
248,000.0010115248,000.00 1.550SYF06/29/2021 315.94 0.00 315.941.550LYN248,000.0087165HNN6
248,000.0010159248,000.00 2.600EGBN05/20/2022 529.97 0.00 529.972.600LYN248,000.0027002YEM4
248,000.0010161248,000.00 2.500FBC06/13/2022 509.59 0.00 509.592.500LYN248,000.0033847E2J5
247,786.0410129248,000.00 2.300COFU08/02/2022 468.82 9.58 478.402.349LYN247,776.461404203Z1
247,779.3310132248,000.00 2.350SLMA08/23/2022 479.02 9.58 488.602.399LYN247,769.75795450D36
247,734.3110137248,000.00 2.650MSB01/11/2023 540.16 9.58 549.742.700LYN247,724.7361747MF63
247,723.1610153248,000.00 3.350MERICK02/21/2023 682.85 9.51 692.363.401LYN247,713.6559013J5Z8
247,685.9510143248,000.00 3.300ADS06/29/2023 681.99 9.41 691.403.396LYN247,676.5420033AZK5
247,685.9810144248,000.00 3.300GOLD07/06/2023 672.66 9.35 682.013.350LYN247,676.6338148PR33
247,667.7610147248,000.00 3.300WFB08/30/2023 672.66 9.37 682.033.351LYN247,658.39949763TF3
247,643.7010164248,000.00 2.000CMS09/27/2023 407.67 9.80 417.472.051LYN247,633.9029278TLY4
247,609.5010154248,000.00 3.000C02/27/2024 611.51 9.42 620.933.051LYN247,600.0817312Q3B3
248,000.0010163248,000.00 1.850FMOSTB09/13/2024 377.10 0.00 377.101.850LYN248,000.0032100LCB9
248,000.0010170248,000.00 0.500BMW09/25/2025 20.38 0.00 20.380.500LYN0.0005580AXF6
3,720,000.00Subtotal 3,717,269.87 2.588 7,836.93102.227,734.713,717,167.65
26,242,468.56Total 26,270,088.48 1.337 28,705.21-198.9528,904.1626,254,097.55
Portfolio LYNW
APData Updated: SET_INT: 10/14/2020 15:56
Run Date: 10/14/2020 - 15:56 IE (PRF_IE) 7.2.0
Report Ver. 7.3.6.1
28Lynwood Public Financing Authority - Page 21 of 26 Agenda Item # 2
Lynwood - Interest Reports
Accrued Interest
Sorted by Security Type - Maturity Date
September 1, 2020 - September 30, 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
93.181001190001,635,089.27 0.001PA1 34.62 93.18 34.620.00
93.181,635,089.27Subtotal 34.6234.62 93.180.00
LAIF
25,068.7810000900114,937,379.29 0.685PA2 9,300.05 0.00 34,368.830.00
25,068.7814,937,379.29Subtotal 34,368.839,300.05 0.000.00
Corporate Notes
1,933.161013417325FAJ70.00 2.125MTN10/20/2020 280.38 2,213.54 0.000.00
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
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
541.671016764952WDL4250,000.00 2.000MTN01/22/2025 416.66 0.00 958.330.00
3,366.001016830231GBH4250,000.00 2.992MTN03/19/2025 623.33 3,740.00 249.330.00
23,954.723,000,000.00Subtotal 23,003.837,315.15 8,266.040.00
Federal Agency
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
90.28101693136G4H71500,000.00 0.500FAC08/18/2025 208.33 0.00 298.610.00
13,453.832,700,000.00Subtotal 17,589.244,135.41 0.000.00
Treasury Coupon Securities
998.98101589128283L2250,000.00 1.875TRC12/15/2020 384.22 0.00 1,383.200.00
Portfolio LYNW
ACData Updated: SET_INT: 10/14/2020 15:56
Run Date: 10/14/2020 - 15:56 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.
29Lynwood Public Financing Authority - Page 22 of 26 Agenda Item # 2
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
998.98250,000.00Subtotal 1,383.20384.22 0.000.00
CD-FDIC
2,172.881013306740KKU00.00 1.950MC209/21/2020 264.99 2,451.12 -13.250.00
299.6410138856285HL8248,000.00 2.450MC202/16/2021 499.40 0.00 799.040.00
674.021011587165HNN6248,000.00 1.550MC206/29/2021 315.94 0.00 989.960.00
388.641015927002YEM4248,000.00 2.600MC205/20/2022 529.97 547.64 370.970.00
1,375.891016133847E2J5248,000.00 2.500MC206/13/2022 509.59 0.00 1,885.480.00
468.82101291404203Z1248,000.00 2.300MC208/02/2022 468.82 0.00 937.640.00
143.7010132795450D36248,000.00 2.350MC208/23/2022 479.02 0.00 622.720.00
936.291013761747MF63248,000.00 2.650MC201/11/2023 540.16 0.00 1,476.450.00
318.661015359013J5Z8248,000.00 3.350MC202/21/2023 682.85 705.61 295.900.00
305.421014320033AZK5248,000.00 3.300MC206/29/2023 681.99 695.08 292.330.00
1,278.051014438148PR33248,000.00 3.300MC207/06/2023 672.66 0.00 1,950.710.00
44.8310147949763TF3248,000.00 3.300MC208/30/2023 672.66 695.08 22.410.00
67.951016429278TLY4248,000.00 2.000MC209/27/2023 407.67 421.26 54.360.00
101.921015417312Q3B3248,000.00 3.000MC202/27/2024 611.51 0.00 713.430.00
2,162.021016332100LCB9248,000.00 1.850MC209/13/2024 377.10 2,312.85 226.270.00
0.001017005580AXF6248,000.00 0.500MC209/25/2025 20.38 0.00 20.380.00
10,738.733,720,000.00Subtotal 10,644.807,734.71 7,828.640.00
0.0026,242,468.56Total 87,024.5228,904.16 16,187.8674,308.22
Portfolio LYNW
ACData Updated: SET_INT: 10/14/2020 15:56
Run Date: 10/14/2020 - 15:56 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 Public Financing Authority - Page 23 of 26 Agenda Item # 2
Lynwood - Interest Reports
Sorted By Investment Type
Sales/Calls/Maturities: September 1, 2020 - September 30, 2020
Realized Gains and Losses
Investment #
Maturity DateCurrent Rate
Par Value
Book Value Maturity/Sale
Proceeds
Realized
Gain/Loss
Sale Date Total
Earnings Yield 365Inv.
Type
Purchase
Date Term
Days Held
Net EarningsTotal TotalIssuer
Corporate Notes
15,521.00250,000.00101342.125 10/20/2020 249,997.98 250,000.00 2.02MTN09/20/2020 15,523.0210/23/2017 2.1321,0931,063Citibank
15,521.00249,997.98 250,000.00 2.02 15,523.02 2.132Corporate Notes Subtotals
CD-FDIC
14,885.81248,000.00101331.950 09/21/2020 248,000.00 248,000.00 0.00MC209/21/2020 14,885.8109/21/2017 1.9991,0961,096Barclays Bank
14,885.81248,000.00 248,000.00 0.00 14,885.81 1.999CD-FDIC Subtotals
30,406.81497,997.98 498,000.00 2.02 30,408.83 2.066Total Realized Gains/Losses
Portfolio LYNW
ACData Updated: SET_INT: 10/14/2020 15:56
Run Date: 10/14/2020 - 15:56 CG (PRF_CGR1) 7.1.1
Report Ver. 7.3.6.1
31Lynwood Public Financing Authority - Page 24 of 26 Agenda Item # 2
City of Lynwood
Cash Reconciliation Report
For the Period September 1, 2020 - September 30, 2020
Grouped by Fund
Par
Value Cash
Trans.
TypeInvestment # Fund Security ID
Trans.
Date Security Description Maturity
Date Interest RedemptionsPurchases
Lynwood
1001109/02/2020 InterestLYN 9000 1,074,760.87 GSGF 1.1M 2.25%0.00 93.18 0.00 93.18
1001109/02/2020 InterestLYN 9000 1,074,760.87 GSGF 1.1M 2.25%-93.18 0.00 0.00 -93.18
05/20/20221015909/10/2020 InterestLYN 27002YEM4 248,000.00 EGBN 0.2M 2.60% Mat. 05/20/2022 0.00 547.64 0.00 547.64
1001109/10/2020 DepositLYN 9000 1,074,760.87 GSGF 1.1M 0.15%-547.64 0.00 0.00 -547.64
09/13/20241016309/14/2020 InterestLYN 32100LCB9 248,000.00 FMOSTB 0.2M 1.85% Mat.0.00 2,312.85 0.00 2,312.85
1001109/14/2020 DepositLYN 9000 1,074,760.87 GSGF 1.1M 0.15%-2,312.85 0.00 0.00 -2,312.85
02/21/20231015309/18/2020 InterestLYN 59013J5Z8 248,000.00 MERICK 0.2M 3.35% Mat.0.00 705.61 0.00 705.61
1001109/18/2020 DepositLYN 9000 1,074,760.87 GSGF 1.1M 0.15%-705.61 0.00 0.00 -705.61
09/20/20211012309/21/2020 InterestLYN 17275RBJ0 250,000.00 CSCO 0.3M 1.85% Mat. 09/20/2021 0.00 2,312.50 0.00 2,312.50
09/21/20201013309/21/2020 InterestLYN 06740KKU0 248,000.00 BACR 0.2M 1.95% Mat. 09/21/2020 0.00 2,451.12 0.00 2,451.12
10/20/20201013409/21/2020 InterestLYN 17325FAJ7 250,000.00 C 0.3M 2.13% Mat. 10/20/2020 0.00 2,213.54 0.00 2,213.54
03/19/20251016809/21/2020 InterestLYN 30231GBH4 250,000.00 XOM 0.3M 2.99% Mat. 03/19/2025 0.00 3,740.00 0.00 3,740.00
09/21/20201013309/21/2020 MaturityLYN 06740KKU0 248,000.00 BACR 0.2M 1.95% Mat. 09/21/2020 0.00 0.00 248,000.00 248,000.00
1001109/21/2020 DepositLYN 9000 1,074,760.87 GSGF 1.1M 0.15%-508,717.16 0.00 0.00 -508,717.16
10/20/20201013409/21/2020 CallLYN 17325FAJ7 250,000.00 0.0M 2.13%0.00 0.00 250,000.00 250,000.00
09/25/20251017009/25/2020 PurchaseLYN 05580AXF6 248,000.00 BMW 0.2M 0.50% Mat. 09/25/2025 -248,000.00 0.00 0.00 -248,000.00
09/27/20231016409/28/2020 InterestLYN 29278TLY4 248,000.00 CMS 0.2M 2.00% Mat. 09/27/2023 0.00 421.26 0.00 421.26
1001109/28/2020 WithdrawalLYN 9000 1,074,760.87 GSGF 1.1M 0.15%0.00 0.00 247,578.74 247,578.74
06/29/20231014309/29/2020 InterestLYN 20033AZK5 248,000.00 ADS 0.2M 3.30% Mat. 06/29/2023 0.00 695.08 0.00 695.08
1001109/29/2020 DepositLYN 9000 1,074,760.87 GSGF 1.1M 0.15%-695.08 0.00 0.00 -695.08
08/30/20231014709/30/2020 InterestLYN 949763TF3 248,000.00 WFB 0.2M 3.30% Mat. 08/30/2023 0.00 695.08 0.00 695.08
1001109/30/2020 DepositLYN 9000 1,074,760.87 GSGF 1.1M 0.15%-695.08 0.00 0.00 -695.08
Subtotal -761,766.60 16,187.86 745,578.74 0.00
Total -761,766.60 16,187.86 745,578.74 0.00
Portfolio LYNW
AP
Run Date: 10/14/2020 - 16:00 AC (PRF_AC) 7.2.0
Report Ver. 7.3.6.132Lynwood Public Financing Authority - Page 25 of 26 Agenda Item # 2
Economic and Market Update
*Estimates for the current quarter/month, some data are lagged Sources: FHN Main Street and Bloomberg
9/30/20
Item 9/30/20 6/30/20 Change
U.S. Payrolls Monthly Change 661,000 4,781,000 (4,120,000)
Unemployment Rate 7.9%11.1%(3.2%)
Labor Force Participation 61.4%61.5%(0.1%)
Effective Fed Funds Rate 0.09%0.08%0.01%
2 Year T-Note 0.13%0.15%(0.02%)
3 Month T-Bill 0.10%0.14%(0.04%)
3 Year T-Note 0.16%0.17%(0.02%)
5 Year T-Note 0.28%0.29%(0.01%)
10 Year T-Note 0.69%0.66%0.03%
U.S. Fed Debt Avg Yield*1.65%1.75%(0.10%)
30 Year Mortgage Rate 3.08%3.27%(0.19%)
1-5 Yr Agency Spread 0.08%0.14%(0.06%)
1-5 Yr A-AAA Corporate Spread 0.47%0.55%(0.08%)
Dow Jones 27,782 25,813 7.6%
S&P 500 3,363 3,100 8.5%
Consumer Price Index YOY*1.0%0.6%0.4%
U.S. Avg Regular Unleaded $2.19 $2.18 $0.01
Retail Sales YOY*2.9%2.2%0.7%
Case-Shiller Home Prices YOY*4.0%3.6%0.4%
Consumer Confidence 101.8 98.3 3.5
Gold (per ounce)$1,885.82 $1,780.96 $104.86
Dollar Index 93.89 97.39 (3.51)
34Lynwood Public Financing Authority - Page 26 of 26 Agenda Item # 2