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Home My Public Portal About2022-04-19-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 April 19, 2022 COUNCIL CHAMBERS - 11350 BULLIS RD. LYNWOOD, CA 90262 or Web conference via ZOOM - To participate via Zoom or by telephone: 1-669-900-9128 or 1-253-215-8782 Meeting ID: 835 2029 8238 Duly Posted on 4/16/2022 By MQ 6:00 PM 1.CALL TO ORDER 2.CERTIFICATION OF AGENDA POSTING BY SECRETARY 3.ROLL CALL OF MEMBERS Jorge Casanova, President Jose Luis Solache, Vice President Oscar Flores, Member Marisela Santana, 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 Lynwood Public Financing Authority - Page 1 of 53 THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD PUBLIC 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 March 31, 2022. 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 53 Agenda Item # 5. AGENDA STAFF REPORT DATE: April 19, 2022 TO: Honorable President and Members of the Public Finance Authority APPROVED BY: Ernie Hernandez, 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 March 31, 2022. 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. 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. Lynwood Public Financing Authority - Page 3 of 53 Agenda Item # 2 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 and a portion of the revenue received is invested in the Local Agency Investment Fund and can be withdrawn at any time. There are three petty cash funds totaling $3,300; City Manager's Office totaling $2,000, Finance Department totaling $1,000.00 and City Treasurer's Office totaling $300.00. There are two change funds totaling $640.00; Water Billing $600.00 and Recreation $40.00 The total received from Urban Farming for the 3rd quarter reporting is $86,406.65. The total amount of Non-Sufficient Funds (NSF) from customers for the 3rd quarter reporting is $2,192.30 of which $1,463.76 has been collected. The remaining balance of Non-Sufficient Funds outstanding for the 3rd quarter is $728.54. The market valuation is provided by FTN Main Street Capital Advisors and all of the investments are in compliance with California Government Code Sections 53600 et seq. and the City’s investment policy. Reports prepared by FTN Main Street Capital Advisors are as follows: Portfolio Summary - Dash Board Investment Policy Compliance Report Yield at Cost Per 6 Months Maturity Intervals Issuer Allocation Historical Earnings & Book Return Performance Historical Yields at Cost vs Benchmark Total Return Performance Investment Activity Portfolio Summary Holding Report Maturity Report Income Earned Summary Income Earned Realized Gains and Losses Transaction Report 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 SUMMARY REPORT - MARCH 2022 FHN FINANCIAL REPORT - MARCH 2022 FHN QUARTERLY UPDATE REPORT - MARCH 2022 Lynwood Public Financing Authority - Page 4 of 53 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 $125,272.93 3.02$ 9.24$ JP Morgan Chase ‐ Money Market Account $1,881,964.57 45.73$ 139.21$ JP Morgan Chase ‐ Parking Enforcement $5,452,711.98 129.84$ 381.41$ US Bank ‐ City of Lynwood 4,539.68$ 0.05$ 0.12$ Total $7,464,489.16 178.64$ 529.98$ Demand Deposits General Account 37,343,225.90 US Bank ‐ Economic Development 10,696.54 US Bank ‐ Housing Authority A 47,064.55 US Bank ‐ Housing Authority B 18,000.09$ US Bank ‐ City HCDA 78,719.79$ US Bank ‐ City Home Program 876,528.96 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 1,860,689.71 US Bank ‐ Low Mod Housing Trst Fnd/Rogel 8,031,390.82 US Bank ‐ Lynwood Disaster Relief Fund 5,000.00$ US Bank ‐ Settlement Remittance Fund 340,637.36 US Bank ‐ Housing Authority 6,376.71$ Total 50,550,408.56$ 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, 2022 Lynwood Public Financing Authority - Page 5 of 53 Agenda Item # 2 Quarter Ending Date Interest Issuer Investment Balance Interest Received Rate State of California LAIF 9,537,751.55 5,487.56 January 14, 2022 0.23% 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) 2,394 Agencies LAIF BALANCE BY TYPE AS OF March 31, 2022 Total $35.9 billion (chart dollars in millions) March 31, 2022 CITY OF LYNWOOD QUARTERLY REPORT March 31, 2022 LAIF Daily Yield .40% ‐ Quarter to Date 0.28% ‐ Average Days to Maturity 311 LAIF PARTICIPATION AS OF Mar 2022.xlsLynwood Public Financing Authority - Page 6 of 53 Agenda Item # 2 PAR MARKET BOOK % OF INVESTMENTS VALUE VALUE VALUE PORTFOLIO *Money Market Funds 253,724.99$ 253,724.99$ 253,724.99$ 0.97% LAIF 9,537,751.55$ 9,537,751.55$ 9,537,751.55$ 36.39% Corporate Notes 2,000,000.00$ 2,012,355.00$ 2,022,313.13$ 7.72% Commercial Paper 700,000.00$ 699,288.63$ 699,639.47$ 2.67% Federal Agency 3,200,000.00$ 3,103,669.00$ 3,224,598.65$ 12.30% Treasury Coupon Securities 6,500,000.00$ 6,169,650.00$ 6,502,610.22$ 24.81% CD‐FDIC 3,968,000.00$ 3,921,030.02$ 3,966,873.71$ 15.14% TOTAL 26,159,476.54$ 25,697,469.19$ 26,207,511.72$ 100.00% *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) 125,272.93$ N/A 3.02$ JP Morgan Chase ‐ Money Market Account 1,881,964.57$ N/A 45.73$ JP Morgan Chase ‐ Parking Enforcement 5,452,711.98$ N/A 129.84$ US Bank ‐ City of Lynwood 4,539.68$ N/A 0.05$ TOTAL 7,464,489.16$ 178.64$ Corporate Checking Accounts Balance General Account 37,343,225.90$ US Bank ‐ City HCDA 78,719.79$ US Bank ‐ City Home Program 876,528.96$ US Bank ‐ Economic Development 10,696.54$ US Bank ‐ Housing Authority A 47,064.55$ 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 1,860,689.71$ US Bank ‐ Low Mod Housing Trst Fnd/Rogel 8,031,390.82$ 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 340,637.36$ US Bank ‐ Housing Authority 6,376.71$ TOTAL 50,550,408.56$ CITY OF LYNWOOD QUARTERLY REPORT March 31, 2022 PORTFOLIO SUMMARY Mar 2022.xlsLynwood Public Financing Authority - Page 7 of 53 Agenda Item # 2 AVERAGE MARKET PERCENTAGE (%) DAYS TO DESCRIPTION VALUE PORTFOLIO MATURITY INVESTMENTS* 25,697,469.19 100% * CERTIFICATE OF DEPOSIT/TIME DEPOSIT/ MONEY MARKET/CUSTODY HOLDINGS 7,464,489.16 CHECKING ACCOUNT 50,550,408.56 TOTAL AVERAGES 58,014,897.72$ TOTAL INVESTMENTS & AVERAGES 83,712,366.91$ ZtuÜ|xÄt VtÅtv{ÉBf{x|Ät [tÜw|Çz 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, 2022 MASTER SUMMARY Mar 2022.xlsLynwood Public Financing Authority - Page 8 of 53 Agenda Item # 2 Jan ‐ Mar Apr ‐ June July ‐ Sept Oct ‐ Dec Investments Managed by Main Street $25,697,469.19 $29,758,531.25 26,244,509.47 $26,155,452.36 Cash & Investments $58,014,897.72 30,737,800.38 37,237,880.58 $62,899,284.48 Per Treasurer's Reports 83,712,366.91 60,496,331.63$ $63,482,390.05 $89,054,736.84 Accounts Balances per Statement Beginning Credits Debits Ending US Bank ‐ General Account*28,593,915.14$ 10,539,605.39$ 4,226,679.48$ 34,906,841.05$ *Local Agency Investment Fund 9,532,263.99$ 5,487.56$ ‐$ 9,537,751.55$ US Bank ‐ RORF ‐ Successor Agency 4,099,058.85$ 1,205,587.74$ 103,484.00$ 5,201,162.59$ US Bank ‐ Low Mod Housing Trust 19,685,967.27$ ‐$ 78,351.53$ 19,607,615.74$ TOTAL REVENUE & EXPENDITURE 11,750,680.69$ 4,408,515.01$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank ‐ General Account*34,906,841.05$ 19,385,751.89$ 18,857,510.33$ 35,435,082.61$ *Local Agency Investment Fund 9,537,751.55$ ‐$ ‐$ 9,537,751.55$ US Bank ‐ RORF ‐ Successor Agency 5,201,162.59$ 3,340,472.88$ 1,860,689.71$ US Bank ‐ Low Mod Housing Trust 19,607,615.74$ 4,131,357.00$ 14,681,473.76$ 9,057,498.98$ TOTAL REVENUE & EXPENDITURE 23,517,108.89$ 36,879,456.97$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank ‐ General Account 35,435,082.61$ 7,258,041.42$ 5,349,898.13$ 37,343,225.90$ *Local Agency Investment Fund 9,537,751.55$ ‐$ 9,537,751.55$ US Bank ‐ RORF ‐ Successor Agency 1,860,689.71$ ‐$ 1,860,689.71$ US Bank ‐ Low Mod Housing Trust 9,057,498.98$ 1,026,108.16 8,031,390.82$ TOTAL REVENUE & EXPENDITURE 7,258,041.42$ 6,376,006.29 QUARTERLY TOTAL OF DEBITS/CREDITS 42,525,831.00$ 47,663,978.27$ *Most Active Accounts *Funds transferred from LAIF account to the general account to cover expenditures 2021 Jan‐22 Feb‐22 Mar‐22 CITY OF LYNWOOD QUARTERLY REPORT March 31, 2022 MONTHLY BALANCES PER STATEMENT DEMAND DEPOSIT ACCOUNTS ‐ MOST ACTIVE BALANCES PER QUARTER Lynwood Public Financing Authority - Page 9 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 2 Portfolio Summary City of Lynwood 3/31/2022 SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S) ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 3/31/22 2/28/22 Issuer % Portfolio Market Value $25,697,469 $25,954,271 LAIF 36.4% Book Value $26,207,512 $26,189,216 U.S. Treasury 24.8% Variance -$510,043 -$234,945 FHLB 3.9% FNMA 3.8% Par Value $26,159,477 $26,139,513 FFCB 2.7% JPMorgan 1.9% Net Asset Value $98.05 $99.10 FHLMC 1.9% ING US Funding 1.3% Book Yield 0.96%0.93%Royal Bank of Canada 1.3% Exxon Mobil 1.0% Market Yield 1.48%1.03%Goldman Sachs Govt MMF 1.0% Toyota 1.0% Years to Maturity 1.50 1.55 US Bancorp 1.0% MetLife 1.0% Effective Duration 1.45 1.50 Jackson National Life 1.0% Ap r - 2 1 Ma y - 2 1 Ju n - 2 1 Ju l - 2 1 Au g - 2 1 Se p - 2 1 Oc t - 2 1 No v - 2 1 De c - 2 1 Ja n - 2 2 Fe b - 2 2 Ma r - 2 2 0.60% 0.65% 0.70% 0.75% 0.80% 0.85% 0.90% 0.95% 1.00% 1.0% 2.7% 7.7% 12.3% 15.1% 24.8% 36.4% MMF CP CORP AGY CD TSY LAIF 100%75%50%25%0% 51.4% 10.5% 15.3%12.3%10.5% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ 0% 10% 20% 30% 40% 50% 60% 70% 51.5% 2.9% 1.9% 1.0% 1.0% 39.0% 2.7% NR A3 A2 A1 Aa3 Aa2 Aa1 Aaa P-1 100%75%50%25%0% 2Lynwood Public Financing Authority - Page 10 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 3 Investment Policy Compliance City of Lynwood 3/31/2022 Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 6,502,610.22 24.81%100%Yes US Federal Agencies 3,224,598.65 12.30%100%Yes Supranational Obligations 0.00 0.00%30%Yes LAIF 9,537,751.55 36.39%100%Yes Commercial Paper 699,639.47 2.67%25%Yes Money Market Funds 253,724.99 0.97%20%Yes Negotiable Certificates of Deposit 3,966,873.71 15.14%30%Yes Corporate Obligations 2,022,313.13 7.72%30%Yes State and Local Governments 0.00 0.00%100%Yes Total 26,207,511.71 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity 1.50 Less than 3.0 Years Yes Liquidity 51.44%30% Under 365 Days Yes Ratings Yes 3Lynwood Public Financing Authority - Page 11 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 8 Yield At Cost Per 6-Month Maturity Intervals City of Lynwood 3/31/2022 Years Yield At Cost % of Portfolio 0 to .5 0.62%45.72% .5 to 1.0 1.76%5.71% 1.0 to 1.5 3.05%4.74% 1.5 to 2.0 1.18%5.72% 2.0 to 2.5 1.86%6.68% 2.5 to 3.0 0.80%8.66% 3.0 to 3.5 0.55%6.64% 3.5 to 4.0 0.61%5.67% 4.0 to 4.5 0.81%6.66% 4.5 to 5.0 1.27%3.79% 5.0+0.00%0.00% Total 0.96%100.0% 0.62% 1.76% 3.05% 1.18% 1.86% 0.80% 0.55%0.61% 0.81% 1.27% 5.55.04.54.03.53.02.52.01.51.00.50.0-0.5-1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% Maturity Intervals Yi e l d A t C o s t Bubble Size =Maturity's %of Portfolio 8Lynwood Public Financing Authority - Page 12 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 10 Issuer Allocation City of Lynwood 3/31/2022 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.3% 1.3% 1.9% 1.9% 2.7% 3.8% 3.9% 24.8% 36.4% Citigroup Wells Fargo EnerBank Goldman Sachs Bank Comenity Capital Bank Merrick Bank Morgan Stanley Bank Capital One Bank USA Sallie Mae Bank UBS Bank USA Toyota Financial Savings Bank State Bank of India Flagstar Bank First Missouri State Bank EagleBank BMW Bank New York Life Jackson National Life MetLife US Bancorp Toyota Goldman Sachs Govt MMF Exxon Mobil Royal Bank of Canada ING US Funding FHLMC JPMorgan FFCB FNMA FHLB U.S. Treasury LAIF 40%35%30%25%20%15%10%5%0% 10Lynwood Public Financing Authority - Page 13 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 12 Historical Earnings & Book Return Performance City of Lynwood 3/31/2022 Fiscal YTD ($K)Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2020 $65.050 $31.666 $187.208 $249.056 $303.058 $354.899 $410.103 $456.891 $498.400 $552.596 $586.799 $623.500 FY 2021 $35.200 $66.215 $94.922 $120.389 $147.318 $173.870 $199.724 $223.094 $247.869 $271.162 $294.542 $316.873 FY 2022 $18.153 $37.347 $56.010 $82.204 $100.760 $118.668 $142.482 $159.901 $178.121 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 0.77%0.78%0.81%0.90%0.89%0.88%0.90%0.90%0.89% Fiscal Year-To-Date Earnings Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $0 $100 $200 $300 $400 $500 $600 $700 Th o u s a n d s FY 2020 FY 2021 FY 2022 Fiscal Year-To-Date Book Return Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 11Lynwood Public Financing Authority - Page 14 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 13 Historical Yield At Cost vs Benchmark City of Lynwood 3/31/2022 Month-End Yield At Cost vs Benchmark Ju n - 1 7 Au g - 1 7 Oc t - 1 7 De c - 1 7 Fe b - 1 8 Ap r - 1 8 Ju n - 1 8 Au g - 1 8 Oc t - 1 8 De c - 1 8 Fe b - 1 9 Ap r - 1 9 Ju n - 1 9 Au g - 1 9 Oc t - 1 9 De c - 1 9 Fe b - 2 0 Ap r - 2 0 Ju n - 2 0 Au g - 2 0 Oc t - 2 0 De c - 2 0 Fe b - 2 1 Ap r - 2 1 Ju n - 2 1 Au g - 2 1 Oc t - 2 1 De c - 2 1 Fe b - 2 2 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0%Portfolio Benchmark Trailing 12 Months: Month End Yield At Cost vs Benchmark Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2%Portfolio Benchmark Benchmark: Custom Benchmark (see disclosure) 12Lynwood Public Financing Authority - Page 15 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 14 Total Return Performance City of Lynwood 3/31/2022 *Index: ICE BofA 0-3Yr Treasury Index **Inception: June 2017 1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception Portfolio -0.988%-1.783%-2.203%-2.063%0.901%N/A 1.277% Benchmark -0.948%-1.693%-2.022%-2.041%0.903%N/A 1.141% Variance -0.040%-0.091%-0.181%-0.022%-0.001%N/A 0.135% 1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception** -3% -2% -2% -1% -1% 0% 1% 1% 2%Portfolio Benchmark 13Lynwood Public Financing Authority - Page 16 of 53 Agenda Item # 2 Run Date: 4/6/2022 - 1:52 PM Amortizing Page 15 Investment Activity City of Lynwood 3/31/2022 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Positions 38 37 38 40 40 40 41 41 43 43 43 43 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Purchases 1 0 1 5 1 0 1 1 3 0 0 0 Redemptions 1 0 2 1 1 0 0 1 1 0 0 0 Total 2 0 3 6 2 0 1 2 4 0 0 0 Number of Positions at Month End Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 34 35 36 37 38 39 40 41 42 43 44 Po s i t i o n s Purchases and Redemptions* (Excluding MMF/LGIP) Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 0 2 4 6 8 10 Nu m b e r o f T r a n s a c t i o n s Purchases Redemptions *Redemptions include maturities,calls,and sells 14Lynwood Public Financing Authority - Page 17 of 53 Agenda Item # 2 Portfolio Summary City of Lynwood March 31, 2022 Investments Par Value Book Value % of Portfolio YTMMaturity Days to Market Value Book Certificates of Deposit 3,968,000.00 3,966,873.71 15.14 2.28 656 3,921,030.02 Commercial Paper 700,000.00 699,639.47 2.67 0.29 59 699,288.63 Corporate Bonds 2,000,000.00 2,022,313.13 7.72 2.52 614 2,012,355.00 LAIF 9,537,751.55 9,537,751.55 36.39 0.36 1 9,537,751.55 Money Market Funds 253,724.99 253,724.99 0.97 0.24 1 253,724.99 U.S. Agencies 3,200,000.00 3,224,598.65 12.30 1.17 1,047 3,103,669.00 U.S. Treasuries 6,500,000.00 6,502,610.22 24.81 0.56 1,088 6,169,650.00 26,207,511.71 100.00 547 25,697,469.18 0.96 26,159,476.54 Investments March 31 Month Ending Fiscal Year To DateTotal Earnings Current Year 18,220.16 178,120.95 Average Daily Balance 26,196,493.22 26,620,614.49 Book Rate of Return 0.82% 0.89% Run Date: 4/6/2022 - 1:52 PM Amortizing 15Lynwood Public Financing Authority - Page 18 of 53 Agenda Item # 2 Holdings Report City of Lynwood March 31, 2022 Call Date Maturity Date Par Value Settle Date Book Value Original Value Mkt YTM Mkt Price Gain/Loss % of Port Fitch Moody/S&P Eff. Dur. WAM Accrued Int. Market Value CUSIP Coupon Rate Issuer Book Yield Remaining Certificates of Deposit 27002YEM4 248,000.00EagleBank 05/10/2019 248,000.00 100.24 248,605.96 0.95% NR/NR 0.1105/10/2022 605.96 NR 0.11 388.65 2.60% 248,000.00 0.42%2.600% 33847E2J5 248,000.00Flagstar Bank 06/12/2019 248,000.00 100.38 248,934.20 0.95% NR/NR 0.2006/13/2022 934.20 NR 0.20 1,868.49 2.50% 248,000.00 0.64%2.500% 1404203Z1 248,000.00Capital One Bank USA 08/03/2017 247,417.20 100.43 249,077.84 0.95% NR/NR 0.3408/02/2022 1,117.43 NR 0.33 906.39 2.35% 247,960.40 1.02%2.300% 795450D36 248,000.00Sallie Mae Bank 08/24/2017 247,417.20 100.53 249,310.68 0.95% NR/NR 0.4008/23/2022 1,356.98 NR 0.39 590.78 2.40% 247,953.70 1.02%2.350% 61747MF63 248,000.00Morgan Stanley Bank 01/12/2018 247,417.20 100.74 249,825.85 0.95% NR/NR 0.7801/11/2023 1,917.18 NR 0.76 1,440.44 2.70% 247,908.67 1.70%2.650% 59013J5Z8 248,000.00Merrick Bank 12/19/2018 247,516.40 101.36 251,370.45 0.95% NR/NR 0.9002/21/2023 3,474.15 NR 0.87 318.66 3.41% 247,896.30 1.82%3.350% 20033AZK5 248,000.00Comenity Capital Bank 06/29/2018 247,427.12 101.41 251,496.79 0.95% NR/NR 1.2506/29/2023 3,639.54 NR 1.20 67.27 3.40% 247,857.25 2.15%3.300% 38148PR33 248,000.00Goldman Sachs Bank 07/09/2018 247,432.08 101.38 251,417.41 0.95% NR/NR 1.2707/06/2023 3,561.34 NR 1.22 1,905.86 3.35% 247,856.07 2.19%3.300% 949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 101.50 251,729.32 0.95% NR/NR 1.4208/30/2023 3,890.91 NR 1.37 44.84 3.35% 247,838.41 2.22%3.300% 29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 99.60 247,008.04 0.95% NR/NR 1.4909/27/2023 -813.97 NR 1.46 67.95 2.05% 247,822.01 2.27%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 101.06 250,627.05 0.95% NR/NR 1.9102/27/2024 2,846.16 NR 1.83 672.66 3.05% 247,780.89 2.43%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 98.34 243,884.99 0.95% NR/NR 2.4609/13/2024 -4,115.01 NR 2.38 238.83 1.85% 248,000.00 2.55%1.850% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 93.04 230,741.05 0.95% NR/NR 3.4909/25/2025 -17,258.95 NR 3.45 23.78 0.50% 248,000.00 2.60%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 94.01 233,139.12 0.95% NR/NR 4.0804/27/2026 -14,860.88 NR 3.96 1,059.95 1.00% 248,000.00 2.56%1.000% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 93.58 232,067.79 0.95% NR/NR 4.2907/15/2026 -15,932.21 NR 4.18 490.56 0.95% 248,000.00 2.54%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 93.47 231,793.47 0.95% NR/NR 4.3708/11/2026 -16,206.53 NR 4.26 135.55 0.95% 248,000.00 2.53%0.950% 3,963,007.76 3,921,030.02 15.14% 1.80 3,966,873.71 2.28% 3,968,000.00 1.92% 10,220.66 -45,843.70 1.75Total Certificates of Deposit Commercial Paper Run Date: 4/6/2022 - 1:52 PM Amortizing 16Lynwood Public Financing Authority - Page 19 of 53 Agenda Item # 2 Holdings Report City of Lynwood March 31, 2022 Call Date Maturity Date Par Value Settle Date Book Value Original Value Mkt YTM Mkt Price Gain/Loss % of Port Fitch Moody/S&P Eff. Dur. WAM Accrued Int. Market Value CUSIP Coupon Rate Issuer Book Yield Remaining Commercial Paper 4497W1DM5 350,000.00ING US Funding LLC 12/21/2021 349,717.67 99.98 349,914.25 1.34% P-1/A-1 0.0604/21/2022 -36.72 NR 0.06 0.00 0.24% 349,950.97 0.43%0.000% 78015DG61 350,000.00Royal Bank of Canada, NY 12/20/2021 349,364.75 99.82 349,374.38 1.33% P-1/A-1+ 0.2707/06/2022 -314.13 F1+ 0.27 0.00 0.33% 349,688.50 0.67%0.000% 699,082.42 699,288.63 2.67% 0.16 699,639.47 0.29% 700,000.00 0.55% 0.00 -350.85 0.16Total Commercial Paper Corporate Bonds 59217GCD9 250,000.00MetLife 11/02/2017 252,002.50 100.01 250,017.50 0.95% Aa3/AA- 0.0204/08/2022 8.72 AA- 0.01 3,183.68 2.46% 250,008.78 1.98%2.650% 46849LSW2 250,000.00Jackson National Life 07/12/2017 247,795.00 100.23 250,580.00 0.95% A2/A 0.2406/27/2022 686.24 A 0.23 1,631.94 2.69% 249,893.76 1.50%2.500% 90331HNV1 250,000.00US Bank 03/01/2019 253,307.50 101.38 253,457.50 0.96% A1/AA- 1.3207/24/2023 2,469.22 AA- 1.23 1,581.94 3.08% 250,988.28 2.32%3.400%06/23/2023 89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 101.48 253,702.50 0.96% A1/A+ 1.7801/08/2024 2,410.09 A+ 1.70 1,930.90 3.03% 251,292.41 2.49%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 102.08 510,380.00 1.93% A2/A- 2.1205/13/2024 3,981.32 AA- 2.01 6,947.92 2.97% 506,398.68 2.61%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 97.09 242,715.00 0.95% Aaa/AA+ 2.8201/22/2025 -6,780.90 AAA 2.70 958.33 2.08% 249,495.90 3.09%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 100.60 251,502.50 1.01% Aa2/AA- 2.9703/19/2025 -12,732.81 NR 2.80 249.33 0.99% 264,235.31 2.78%2.992%02/19/2025 2,043,620.00 2,012,355.00 7.72% 1.68 2,022,313.13 2.52% 2,000,000.00 2.43% 16,484.04 -9,958.12 1.59Total Corporate Bonds LAIF 9819499 9,537,751.55LAIF 01/14/2022 9,537,751.55 1.00 9,537,751.55 36.39% NR/NR 0.0004/01/2022 0.00 NR 0.00 0.00 0.36% 9,537,751.55 0.36%0.360% 9,537,751.55 9,537,751.55 36.39% 0.00 9,537,751.55 0.36% 9,537,751.55 0.36% 0.00 0.00 0.00Total LAIF Money Market Funds Run Date: 4/6/2022 - 1:52 PM Amortizing 17Lynwood Public Financing Authority - Page 20 of 53 Agenda Item # 2 Holdings Report City of Lynwood March 31, 2022 Call Date Maturity Date Par Value Settle Date Book Value Original Value Mkt YTM Mkt Price Gain/Loss % of Port Fitch Moody/S&P Eff. Dur. WAM Accrued Int. Market Value CUSIP Coupon Rate Issuer Book Yield Remaining Money Market Funds FGTXX 253,724.99Goldman Sachs Govt MMF 253,724.99 1.00 253,724.99 0.97% Aaa/AAA 0.0004/01/2022 0.00 NR 0.00 28.27 0.24% 253,724.99 0.24%0.241% 253,724.99 253,724.99 0.97% 0.00 253,724.99 0.24% 253,724.99 0.24% 28.27 0.00 0.00Total Money Market Funds U.S. Agencies 3135G0T78 500,000.00FNMA 11/30/2017 497,400.00 100.43 502,160.00 1.91% Aaa/AA+ 0.5210/05/2022 2,435.64 AAA 0.50 4,888.89 2.11% 499,724.36 1.15%2.000% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 99.28 496,375.00 1.91% Aaa/AA+ 2.2507/01/2024 -3,579.97 AAA 2.19 2,375.00 1.90% 499,954.97 2.23%1.900% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 97.95 195,904.00 0.76% Aaa/AA+ 2.5510/16/2024 -3,266.96 AAA 2.47 1,375.00 1.67% 199,170.96 2.33%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 99.84 499,215.00 2.01% Aaa/AA+ 2.9603/14/2025 -28,295.20 AAA 2.84 560.76 0.49% 527,510.20 2.43%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 93.59 467,955.00 1.91% Aaa/AA+ 3.3708/12/2025 -32,045.00 AAA 3.32 298.61 0.50% 500,000.00 2.50%0.500%02/18/2022 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 92.94 464,680.00 1.90% Aaa/AA+ 3.4809/23/2025 -33,558.16 AAA 3.43 41.67 0.48% 498,238.16 2.51%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 95.48 477,380.00 1.91% Aaa/AA+ 4.7512/30/2026 -22,620.00 AAA 4.27 1,731.53 1.37% 500,000.00 2.38%1.370%06/30/2022 3,234,505.00 3,103,669.00 12.30% 2.87 3,224,598.65 1.17% 3,200,000.00 2.21% 11,271.46 -120,929.65 2.74Total U.S. Agencies U.S. Treasuries 912828ZD5 500,000.00U.S. Treasury 12/16/2020 504,140.63 98.92 494,610.00 1.91% Aaa/AA+ 0.9603/15/2023 -7,154.44 AAA 0.95 115.49 0.13% 501,764.44 1.64%0.500% 91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 96.95 969,530.00 3.82% Aaa/AA+ 1.6311/15/2023 -30,442.57 AAA 1.61 946.13 0.25% 999,972.57 2.17%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 96.12 480,605.00 1.90% Aaa/AA+ 2.0404/15/2024 -16,247.81 AAA 2.02 865.38 0.69% 496,852.81 2.33%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 97.50 975,040.00 3.92% Aaa/AA+ 2.6711/30/2024 -53,361.50 AAA 2.59 5,027.47 0.43% 1,028,401.50 2.47%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 93.16 465,820.00 1.88% Aaa/AA+ 3.1705/31/2025 -27,347.05 AAA 3.13 418.96 0.69% 493,167.05 2.51%0.250% Run Date: 4/6/2022 - 1:52 PM Amortizing 18Lynwood Public Financing Authority - Page 21 of 53 Agenda Item # 2 Holdings Report City of Lynwood March 31, 2022 Call Date Maturity Date Par Value Settle Date Book Value Original Value Mkt YTM Mkt Price Gain/Loss % of Port Fitch Moody/S&P Eff. Dur. WAM Accrued Int. Market Value CUSIP Coupon Rate Issuer Book Yield Remaining U.S. Treasuries 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 92.56 925,550.00 3.78% Aaa/AA+ 3.6711/30/2025 -65,605.49 AAA 3.61 1,256.87 0.62% 991,155.49 2.51%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 92.26 461,310.00 1.89% Aaa/AA+ 3.8401/31/2026 -34,356.79 AAA 3.78 310.77 0.60% 495,666.79 2.50%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 93.12 931,170.00 3.82% Aaa/AA+ 4.1705/31/2026 -70,874.33 AAA 4.06 2,513.74 0.70% 1,002,044.33 2.50%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 93.20 466,015.00 1.88% Aaa/AA+ 4.5009/30/2026 -27,570.23 AAA 4.38 11.95 1.17% 493,585.23 2.48%0.875% 6,506,953.13 6,169,650.00 24.81% 2.98 6,502,610.22 0.56% 6,500,000.00 2.37% 11,466.76 -332,960.21 2.92Total U.S. Treasuries 26,238,644.85 25,697,469.18 100.00% 1.50 49,471.19 -510,042.53 1.45 1.48% 26,207,511.71 0.96% 26,159,476.54TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 25,746,940.37 Run Date: 4/6/2022 - 1:52 PM Amortizing 19Lynwood Public Financing Authority - Page 22 of 53 Agenda Item # 2 Maturity Report City of Lynwood March 31, 2022 CUSIP Date Purchase Value Book Rate Coupon Date Maturity Par Remaining Term Value Market YTMIssuer Days to Maturity Book FGTXX 0.241% 1Goldman Sachs Govt MMF 253,724.99 04/01/2022 1 0.24% 253,724.99 253,724.99 9819499 0.360% 1LAIF05/18/2020 9,537,751.55 04/01/2022 1 0.36% 9,537,751.55 9,537,751.55 59217GCD9 2.650% 1,610MetLife11/02/2017 250,008.78 04/08/2022 8 2.46% 250,000.00 250,017.50 4497W1DM5 0.000% 100ING US Funding LLC 12/21/2021 349,950.97 04/21/2022 21 0.24% 350,000.00 349,914.25 27002YEM4 2.600% 1,056EagleBank05/10/2019 248,000.00 05/10/2022 40 2.60% 248,000.00 248,605.96 33847E2J5 2.500% 1,023Flagstar Bank 06/12/2019 248,000.00 06/13/2022 74 2.50% 248,000.00 248,934.20 46849LSW2 2.500% 1,723Jackson National Life 07/12/2017 249,893.76 06/27/2022 88 2.69% 250,000.00 250,580.00 78015DG61 0.000% 101Royal Bank of Canada, NY 12/20/2021 349,688.50 07/06/2022 97 0.33% 350,000.00 349,374.38 1404203Z1 2.300% 1,701Capital One Bank USA 08/03/2017 247,960.40 08/02/2022 124 2.35% 248,000.00 249,077.84 795450D36 2.350% 1,680Sallie Mae Bank 08/24/2017 247,953.70 08/23/2022 145 2.40% 248,000.00 249,310.68 3135G0T78 2.000% 1,582FNMA11/30/2017 499,724.36 10/05/2022 188 2.11% 500,000.00 502,160.00 61747MF63 2.650% 1,539Morgan Stanley Bank 01/12/2018 247,908.67 01/11/2023 286 2.70% 248,000.00 249,825.85 59013J5Z8 3.350% 1,198Merrick Bank 12/19/2018 247,896.30 02/21/2023 327 3.41% 248,000.00 251,370.45 912828ZD5 0.500% 470U.S. Treasury 12/16/2020 501,764.44 03/15/2023 349 0.13% 500,000.00 494,610.00 20033AZK5 3.300% 1,371Comenity Capital Bank 06/29/2018 247,857.25 06/29/2023 455 3.40% 248,000.00 251,496.79 38148PR33 3.300% 1,361Goldman Sachs Bank 07/09/2018 247,856.07 07/06/2023 462 3.35% 248,000.00 251,417.41 90331HNV1 3.400% 1,126US Bank 03/01/2019 250,988.28 07/24/2023 480 3.08% 250,000.00 253,457.50 949763TF3 3.300% 1,308Wells Fargo Bank NA 08/31/2018 247,838.41 08/30/2023 517 3.35% 248,000.00 251,729.32 29278TLY4 2.000% 913EnerBank09/30/2019 247,822.01 09/27/2023 545 2.05% 248,000.00 247,008.04 91282CAW1 0.250% 252U.S. Treasury 07/22/2021 999,972.57 11/15/2023 594 0.25% 1,000,000.00 969,530.00 89236TFS9 3.350% 1,127Toyota Motor Credit 02/28/2019 251,292.41 01/08/2024 648 3.03% 250,000.00 253,702.50 17312Q3B3 3.000% 1,127Citibank02/28/2019 247,780.89 02/27/2024 698 3.05% 248,000.00 250,627.05 91282CBV2 0.375% 129U.S. Treasury 11/22/2021 496,852.81 04/15/2024 746 0.69% 500,000.00 480,605.00 46625HJX9 3.625% 1,053JPMorgan Chase & Co 05/13/2019 506,398.68 05/13/2024 774 2.97% 500,000.00 510,380.00 3133EKTV8 1.900% 1,003FFCB07/02/2019 499,954.97 07/01/2024 823 1.90% 500,000.00 496,375.00 32100LCB9 1.850% 930First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 897 1.85% 248,000.00 243,884.99 3133EK3B0 1.500% 896FFCB10/17/2019 199,170.96 10/16/2024 930 1.67% 200,000.00 195,904.00 912828YV6 1.500% 252U.S. Treasury 07/22/2021 1,028,401.50 11/30/2024 975 0.43% 1,000,000.00 975,040.00 64952WDL4 2.000% 799New York Life 01/22/2020 249,495.90 01/22/2025 1,028 2.08% 250,000.00 242,715.00 3130A4CH3 2.375% 540FHLB10/07/2020 527,510.20 03/14/2025 1,079 0.49% 500,000.00 499,215.00 30231GBH4 2.992% 647Exxon Mobil 06/22/2020 264,235.31 03/19/2025 1,084 0.99% 250,000.00 251,502.50 912828ZT0 0.250% 275U.S. Treasury 06/29/2021 493,167.05 05/31/2025 1,157 0.69% 500,000.00 465,820.00 3136G4H71 0.500% 590FNMA08/18/2020 500,000.00 08/12/2025 1,230 0.50% 500,000.00 467,955.00 3137EAEX3 0.375% 527FHLMC10/20/2020 498,238.16 09/23/2025 1,272 0.48% 500,000.00 464,680.00 05580AXF6 0.500% 552BMW Bank 09/25/2020 248,000.00 09/25/2025 1,274 0.50% 248,000.00 230,741.05 91282CAZ4 0.375% 252U.S. Treasury 07/22/2021 991,155.49 11/30/2025 1,340 0.62% 1,000,000.00 925,550.00 Run Date: 4/6/2022 - 1:52 PM Amortizing 20Lynwood Public Financing Authority - Page 23 of 53 Agenda Item # 2 Maturity Report City of Lynwood March 31, 2022 CUSIP Date Purchase Value Book Rate Coupon Date Maturity Par Remaining Term Value Market YTMIssuer Days to Maturity Book 91282CBH3 0.375% 399U.S. Treasury 02/25/2021 495,666.79 01/31/2026 1,402 0.60% 500,000.00 461,310.00 856283S98 1.000% 338State Bank of India 04/27/2021 248,000.00 04/27/2026 1,488 1.00% 248,000.00 233,139.12 91282CCF6 0.750% 252U.S. Treasury 07/22/2021 1,002,044.33 05/31/2026 1,522 0.70% 1,000,000.00 931,170.00 89235MLC3 0.950% 259Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,567 0.95% 248,000.00 232,067.79 90348JR93 0.950% 232UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,594 0.95% 248,000.00 231,793.47 91282CCZ2 0.875% 163U.S. Treasury 10/19/2021 493,585.23 09/30/2026 1,644 1.17% 500,000.00 466,015.00 3130AQEC3 1.370% 91FHLB12/30/2021 500,000.00 12/30/2026 1,735 1.37% 500,000.00 477,380.00 Net Maturities and Averages 26,207,511.71 547 0.96% 25,697,469.18 26,159,476.54 Run Date: 4/6/2022 - 1:52 PM Amortizing 21Lynwood Public Financing Authority - Page 24 of 53 Agenda Item # 2 Income Earned Summary City of Lynwood March 31, 2022 Fiscal Year To DateMarch 31 Month End Interest Interest Received/Purchased Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses Total Earnings During Period 19,963.13 210,833.55 49,471.19 49,471.19 -49,553.80 -67,702.76 19,880.52 192,601.98 -1,660.36 -14,481.03 0.00 0.00 18,220.16 178,120.95 Run Date: 4/6/2022 - 1:52 PM Amortizing 23Lynwood Public Financing Authority - Page 25 of 53 Agenda Item # 2 Income Earned City of Lynwood March 01, 2022 - March 31, 2022 CUSIP Value Ending Par Date Maturity Book Value Beginning Value Ending Book Accrued Beginning /Purchased Int.Received Accrued Ending Issuer Earned Interest Amortization/ Accretion Earned Net Income Certificates of Deposit 27002YEM4 05/10/2022 248,000.00EagleBank 248,000.00 248,000.00 335.65 494.64 388.65 547.64 0.00 547.64 33847E2J5 06/13/2022 248,000.00Flagstar Bank 248,000.00 248,000.00 1,341.92 0.00 1,868.49 526.57 0.00 526.57 1404203Z1 08/02/2022 248,000.00Capital One Bank USA 247,950.50 247,960.40 421.94 0.00 906.39 484.45 9.90 494.35 795450D36 08/23/2022 248,000.00Sallie Mae Bank 247,943.80 247,953.70 95.80 0.00 590.78 494.98 9.90 504.88 61747MF63 01/11/2023 248,000.00Morgan Stanley Bank 247,898.77 247,908.67 882.27 0.00 1,440.44 558.17 9.90 568.07 59013J5Z8 02/21/2023 248,000.00Merrick Bank 247,886.47 247,896.30 250.38 637.33 318.66 705.61 9.83 715.44 20033AZK5 06/29/2023 248,000.00Comenity Capital Bank 247,847.52 247,857.25 22.42 650.24 67.27 695.09 9.73 704.82 38148PR33 07/06/2023 248,000.00Goldman Sachs Bank 247,846.42 247,856.07 1,210.78 0.00 1,905.86 695.08 9.66 704.74 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,828.72 247,838.41 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 09/27/2023 248,000.00EnerBank 247,811.89 247,822.01 27.18 380.49 67.95 421.26 10.12 431.38 17312Q3B3 02/27/2024 248,000.00Citibank 247,771.16 247,780.89 40.77 0.00 672.66 631.89 9.73 641.62 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,124.31 2,275.15 238.83 389.67 0.00 389.67 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 533.37 614.90 23.78 105.31 0.00 105.31 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 849.32 0.00 1,059.95 210.63 0.00 210.63 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 290.47 0.00 490.56 200.09 0.00 200.09 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 116.19 180.73 135.55 200.09 0.00 200.09 Certificates of Deposit - Sub Total 3,968,000.00 3,966,785.25 3,966,873.71 8,565.19 5,906.14 10,220.66 7,561.61 88.46 7,650.07 Commercial Paper 4497W1DM5 04/21/2022 350,000.00ING US Funding LLC 349,878.61 349,950.97 0.00 0.00 0.00 0.00 75.29 75.29 78015DG61 07/06/2022 350,000.00Royal Bank of Canada, NY 349,589.07 349,688.50 0.00 0.00 0.00 0.00 103.71 103.71 Commercial Paper - Sub Total 700,000.00 699,467.68 699,639.47 0.00 0.00 0.00 0.00 179.00 179.00 Corporate Bonds 59217GCD9 04/08/2022 250,000.00MetLife 250,050.19 250,008.78 2,631.60 0.00 3,183.68 552.08 -41.41 510.67 46849LSW2 06/27/2022 250,000.00Jackson National Life 249,853.00 249,893.76 1,111.11 0.00 1,631.94 520.83 40.76 561.59 90331HNV1 07/24/2023 250,000.00US Bank 251,057.23 250,988.28 873.61 0.00 1,581.94 708.33 -68.95 639.38 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 251,357.23 251,292.41 1,232.99 0.00 1,930.90 697.91 -64.82 633.09 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 506,675.79 506,398.68 5,437.50 0.00 6,947.92 1,510.42 -277.11 1,233.31 64952WDL4 01/22/2025 250,000.00New York Life 249,479.45 249,495.90 541.67 0.00 958.33 416.66 16.45 433.11 30231GBH4 03/19/2025 250,000.00Exxon Mobil 264,675.16 264,235.31 3,366.00 3,740.00 249.33 623.33 -439.86 183.47 Corporate Bonds - Sub Total 2,000,000.00 2,023,148.05 2,022,313.13 15,194.48 3,740.00 16,484.04 5,029.56 -834.92 4,194.64 LAIF Run Date: 4/6/2022 - 1:53 PM Amortizing 24Lynwood Public Financing Authority - Page 26 of 53 Agenda Item # 2 Income Earned City of Lynwood March 01, 2022 - March 31, 2022 CUSIP Value Ending Par Date Maturity Book Value Beginning Value Ending Book Accrued Beginning /Purchased Int.Received Accrued Ending Issuer Earned Interest Amortization/ Accretion Earned Net Income LAIF 9819499 04/01/2022 9,537,751.55LAIF 9,537,751.55 9,537,751.55 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,537,751.55 9,537,751.55 9,537,751.55 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX 04/01/2022 253,724.99Goldman Sachs Govt MMF 233,761.86 253,724.99 4.49 4.49 28.27 28.27 0.00 28.27 Money Market Funds - Sub Total 253,724.99 233,761.86 253,724.99 4.49 4.49 28.27 28.27 0.00 28.27 U.S. Agencies 3135G0T78 10/05/2022 500,000.00FNMA 499,676.68 499,724.36 4,055.56 0.00 4,888.89 833.33 47.68 881.01 3133EKTV8 07/01/2024 500,000.00FFCB 499,953.14 499,954.97 1,583.33 0.00 2,375.00 791.67 1.83 793.50 3133EK3B0 10/16/2024 200,000.00FFCB 199,141.06 199,170.96 1,125.00 0.00 1,375.00 250.00 29.90 279.90 3130A4CH3 03/14/2025 500,000.00FHLB 528,364.23 527,510.20 5,508.68 5,937.50 560.76 989.58 -854.03 135.55 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3137EAEX3 09/23/2025 500,000.00FHLMC 498,191.72 498,238.16 822.92 937.50 41.67 156.25 46.44 202.69 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 U.S. Agencies - Sub Total 3,200,000.00 3,225,326.83 3,224,598.65 14,346.46 6,875.00 11,271.46 3,800.00 -728.18 3,071.82 U.S. Treasuries 912828ZD5 03/15/2023 500,000.00U.S. Treasury 501,921.17 501,764.44 1,153.31 1,250.00 115.49 212.18 -156.73 55.45 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,971.14 999,972.57 732.04 0.00 946.13 214.09 1.43 215.52 91282CBV2 04/15/2024 500,000.00U.S. Treasury 496,722.03 496,852.81 705.70 0.00 865.38 159.68 130.78 290.46 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,029,304.52 1,028,401.50 3,750.00 0.00 5,027.47 1,277.47 -903.02 374.45 912828ZT0 05/31/2025 500,000.00U.S. Treasury 492,983.97 493,167.05 312.50 0.00 418.96 106.46 183.08 289.54 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 990,950.87 991,155.49 937.50 0.00 1,256.87 319.37 204.61 523.98 91282CBH3 01/31/2026 500,000.00U.S. Treasury 495,570.98 495,666.79 150.21 0.00 310.77 160.56 95.81 256.37 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,002,085.97 1,002,044.33 1,875.00 0.00 2,513.74 638.74 -41.64 597.10 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 493,464.27 493,585.23 1,826.92 2,187.50 11.95 372.53 120.96 493.49 U.S. Treasuries - Sub Total 6,500,000.00 6,502,974.93 6,502,610.22 11,443.18 3,437.50 11,466.76 3,461.08 -364.71 3,096.37 26,159,476.54Grand Total 26,189,216.15 26,207,511.71 49,553.80 19,963.13 49,471.19 19,880.52 -1,660.36 18,220.16 Run Date: 4/6/2022 - 1:53 PM Amortizing 25Lynwood Public Financing Authority - Page 27 of 53 Agenda Item # 2 Realized Gains and Losses City of Lynwood March 01, 2022 - March 31, 2022 Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Total 0.00 0.00 0.00 0.00 Grand Total 0.00 0.00 0.00 0.00 Run Date: 4/6/2022 - 1:53 PM 26Lynwood Public Financing Authority - Page 28 of 53 Agenda Item # 2 Transaction Report City of Lynwood March 01, 2022 - March 31, 2022 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 03/02/2022 Interest FGTXX GSGF - - 4.49 - - 03/10/2022 Interest 27002YEM4 EGBN 2.6 05/10/22 05/10/2022 - - 494.64 - - 03/11/2022 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 180.73 - - 03/14/2022 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 03/14/2022 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,275.15 - - 03/15/2022 Interest 912828ZD5 T 0 1/2 03/15/23 03/15/2023 - - 1,250.00 - - 03/18/2022 Interest 59013J5Z8 MERICK 3.35 02/21/23 02/21/2023 - - 637.33 - - 03/21/2022 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 03/23/2022 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 03/25/2022 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 614.90 - - 03/28/2022 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 380.49 - - 03/29/2022 Interest 20033AZK5 ADS 3.3 06/29/23 06/29/2023 - - 650.24 - - 03/30/2022 Interest 949763TF3 WFC 3.3 08/30/23 08/30/2023 - - 672.66 - - 03/31/2022 Interest 91282CCZ2 T 0 7/8 09/30/26 09/30/2026 - - 2,187.50 - - Grand Total: 0.00 0.00 19,963.13 0.00 0.00 Run Date: 4/6/2022 - 1:53 PM Amortizing 27Lynwood Public Financing Authority - Page 29 of 53 Agenda Item # 2 Quarterly Economic and Market Update March 2022 Lynwood Public Financing Authority - Page 30 of 53 Agenda Item # 2 Economic and Market Update *Estimates for the current quarter/month, some data are lagged Sources: FHN Main Street and Bloomberg Case-Shiller Home Prices YOY*19.1%18.4%0.7% Consumer Confidence 107.2 111.1 (3.9) Gold (per ounce)$1,937.44 $1,829.20 $108.24 Dollar Index 98.31 95.67 2.64 U.S. Avg Regular Unleaded $4.22 $3.29 $0.93 Retail Sales YOY*5.6%16.6%(11.0%) S&P 500 4,530 4,766 (4.9%) Consumer Price Index YOY*8.2%7.0%1.2% 1-5 Yr A-AAA Corporate Spread 0.47%0.34%0.13% Dow Jones 34,678 36,338 (4.6%) 30 Year Mortgage Rate 4.90%3.27%1.63% 1-5 Yr Agency Spread 0.02%-0.01%0.03% 10 Year T-Note 2.34%1.51%0.83% U.S. Fed Debt Avg Yield*1.50%1.43%0.07% 3 Year T-Note 2.51%0.96%1.56% 5 Year T-Note 2.46%1.26%1.20% 2 Year T-Note 2.34%0.73%1.60% 3 Month T-Bill 0.50%0.04%0.45% Labor Force Participation 62.4%61.9%0.5% Effective Fed Funds Rate 0.33%0.07%0.26% U.S. Payrolls Monthly Change 431,000 588,000 (157,000) Unemployment Rate 3.6%3.9%(0.3%) 3/31/2022 Item 3/31/2022 12/31/2021 Change 2Lynwood Public Financing Authority - Page 31 of 53 Agenda Item # 2 Economic and Market Update * Real Rate (Inflation Adjusted) Source: Bureau of Economic Analysis Estimate: Bloomberg's Survey of Economists As of: 3/31/2022 3/31/2022 0. 6 3. 2 2. 9 -1. 4 5. 2 4. 7 1. 8 3. 3 2. 3 1. 3 0. 6 2. 4 1. 2 2. 4 2. 0 1. 9 2. 3 2. 9 3. 8 3. 1 3. 4 1. 9 0. 9 2. 4 3. 2 2. 8 1. 9 -5. 1 -31 . 2 33 . 8 4. 5 6. 3 6. 7 2. 3 6. 9 1. 5 3. 3 3. 0 2. 5 -45 -35 -25 -15 -5 5 15 25 35 45 Q2 2 0 1 3 Q3 2 0 1 3 Q4 2 0 1 3 Q1 2 0 1 4 Q2 2 0 1 4 Q3 2 0 1 4 Q4 2 0 1 4 Q1 2 0 1 5 Q2 2 0 1 5 Q3 2 0 1 5 Q4 2 0 1 5 Q1 2 0 1 6 Q2 2 0 1 6 Q3 2 0 1 6 Q4 2 0 1 6 Q1 2 0 1 7 Q2 2 0 1 7 Q3 2 0 1 7 Q4 2 0 1 7 Q1 2 0 1 8 Q2 2 0 1 8 Q3 2 0 1 8 Q4 2 0 1 8 Q1 2 0 1 9 Q2 2 0 1 9 Q3 2 0 1 9 Q4 2 0 1 9 Q1 2 0 2 0 Q2 2 0 2 0 Q3 2 0 2 0 Q4 2 0 2 0 Q1 2 0 2 1 Q2 2 0 2 1 Q3 2 0 2 1 Q4 2 0 2 1 Q1 2 0 2 2 Q2 2 0 2 2 Q3 2 0 2 2 Q4 2 0 2 2 Pe r c e n t U.S. GDP (Quarter over Quarter Annualized)* Estimates 3Lynwood Public Financing Authority - Page 32 of 53 Agenda Item # 2 Economic and Market Update * Real Rate (Inflation Adjusted) Source: Bureau of Economic Analysis 3/31/2022 Estimate: Bloomberg's Survey of Economists As of: 3/31/2022 8. 7 8. 0 4. 1 4. 7 -0. 6 7. 1 2. 1 2. 1 -0. 7 6. 9 2. 6 2. 6 6. 1 4. 4 5. 8 6. 5 6. 6 2. 7 4. 9 3. 1 0. 2 3. 3 5. 3 5. 6 -0. 5 -0. 2 5. 4 4. 6 5. 5 3. 2 -0. 3 2. 5 -1. 8 4. 6 7. 2 4. 2 3. 5 3. 5 4. 2 3. 7 1. 9 -0. 1 3. 5 2. 8 4. 0 2. 7 3. 8 4. 4 4. 5 4. 8 4. 1 1. 0 1. 7 2. 8 3. 9 3. 5 2. 8 2. 0 0. 1 -2. 6 2. 7 1. 5 2. 3 1. 8 2. 3 2. 7 1. 7 2. 3 2. 9 2. 3 -3. 4 5. 7 3. 5 -10 -9 -8 -7 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 10 19 5 0 19 5 2 19 5 4 19 5 6 19 5 8 19 6 0 19 6 2 19 6 4 19 6 6 19 6 8 19 7 0 19 7 2 19 7 4 19 7 6 19 7 8 19 8 0 19 8 2 19 8 4 19 8 6 19 8 8 19 9 0 19 9 2 19 9 4 19 9 6 19 9 8 20 0 0 20 0 2 20 0 4 20 0 6 20 0 8 20 1 0 20 1 2 20 1 4 20 1 6 20 1 8 20 2 0 20 2 2 Pe r c e n t U.S. Annual GDP * 1980s 3.2%1990s 3.2%2000s 1.9%2010s 2.3%1960s 4.5%1970s 3.3%1950s 4.2% 4Lynwood Public Financing Authority - Page 33 of 53 Agenda Item # 2 Economic and Market Update Source: Bureau of Labor Statistics 12 Month Average Job Change 541,167 3/31/2022 -22 -20 -18 -16 -14 -12 -10 -8 -6 -4 -2 0 2 4 6 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Ma r - 2 2 Mi l l i o n s U.S. Monthly Non-Farm Payrolls Change -25.0 -20.0 -15.0 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Ma r - 2 2 Mi l l i o n s U.S. Monthly Non-Farm Payrolls YOY Change 5Lynwood Public Financing Authority - Page 34 of 53 Agenda Item # 2 Economic and Market Update Source: Bureau of Labor Statistics 3/31/2022 0 5 10 15 20 25 30 Se p - 1 7 No v - 1 7 Ja n - 1 8 Ma r - 1 8 Ma y - 1 8 Ju l - 1 8 Se p - 1 8 No v - 1 8 Ja n - 1 9 Ma r - 1 9 Ma y - 1 9 Ju l - 1 9 Se p - 1 9 No v - 1 9 Ja n - 2 0 Ma r - 2 0 Ma y - 2 0 Ju l - 2 0 Se p - 2 0 No v - 2 0 Ja n - 2 1 Ma r - 2 1 Ma y - 2 1 Ju l - 2 1 Se p - 2 1 No v - 2 1 Ja n - 2 2 Ma r - 2 2 Pe r c e n t Unemployment Rates U.S.A Nevada California Idaho Washington Hawaii Oregon Utah 6Lynwood Public Financing Authority - Page 35 of 53 Agenda Item # 2 Economic and Market Update Source: Bureau of Labor Statistics 3/31/2022 128 130 132 134 136 138 140 142 144 146 148 150 152 154 Ma r - 1 2 Oc t - 1 2 Ma y - 1 3 De c - 1 3 Ju l - 1 4 Fe b - 1 5 Se p - 1 5 Ap r - 1 6 No v - 1 6 Ju n - 1 7 Ja n - 1 8 Au g - 1 8 Ma r - 1 9 Oc t - 1 9 Ma y - 2 0 De c - 2 0 Ju l - 2 1 Fe b - 2 2 Mi l l i o n s U.S. Number of Employed Full-Time and Part-TIme 60.0 60.5 61.0 61.5 62.0 62.5 63.0 63.5 64.0 Ma r - 1 2 Oc t - 1 2 Ma y - 1 3 De c - 1 3 Ju l - 1 4 Fe b - 1 5 Se p - 1 5 Ap r - 1 6 No v - 1 6 Ju n - 1 7 Ja n - 1 8 Au g - 1 8 Ma r - 1 9 Oc t - 1 9 Ma y - 2 0 De c - 2 0 Ju l - 2 1 Fe b - 2 2 Pe r c e n t U.S. Labor Force Participation Rate 7Lynwood Public Financing Authority - Page 36 of 53 Agenda Item # 2 Economic and Market Update Source: Department of Labor and Bloomberg 3/31/2022 Weekly Initial Jobless Claims is the actual number of people who have filed for Unemployment benefits for the first time. The following five eligibility criteria must be met in order to file for unemployment benefits: 1. Meet the requirements of time worked during a 1 year period (full time or not). 2. Become unemployed through no fault of your own (cannot be fired). 3. Must be able to work; no physical or mental holdbacks. 4. Must be available for work. 5. Must be actively seeking work. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 19 9 5 19 9 6 19 9 7 19 9 8 19 9 9 20 0 0 20 0 1 20 0 2 20 0 3 20 0 4 20 0 5 20 0 6 20 0 7 20 0 8 20 0 9 20 1 0 20 1 1 20 1 2 20 1 3 20 1 4 20 1 5 20 1 6 20 1 7 20 1 8 20 1 9 20 2 0 20 2 1 Mi l l i o n s Weekly Initial Jobless Claims (4 Week Moving Average) 8Lynwood Public Financing Authority - Page 37 of 53 Agenda Item # 2 Economic and Market Update *Real: Inflation Adjusted Source: U.S. Census Bureau Source: Conference Board 3/31/2022 -30 -20 -10 0 10 20 30 40 50 60 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Pe r c e n t U.S. Real* Retail Sales YOY % Change 40 50 60 70 80 90 100 110 120 130 140 Se p - 1 1 Ma r - 1 2 Se p - 1 2 Ma r - 1 3 Se p - 1 3 Ma r - 1 4 Se p - 1 4 Ma r - 1 5 Se p - 1 5 Ma r - 1 6 Se p - 1 6 Ma r - 1 7 Se p - 1 7 Ma r - 1 8 Se p - 1 8 Ma r - 1 9 Se p - 1 9 Ma r - 2 0 Se p - 2 0 Ma r - 2 1 Se p - 2 1 Ma r - 2 2 In d e x V a l u e U.S. Consumer Confidence 9Lynwood Public Financing Authority - Page 38 of 53 Agenda Item # 2 Economic and Market Update CPIX: Consumer Price Index, excluding food and energy PCEC: Personal Consumption Expenditure Core Source: Bureau of Labor Statistics and Bureau of Economic Analysis 3/31/2022 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Pe r c e n t CPI and CPIX YOY % Change CPI CPIX 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Pe r c e n t PCE and PCEC YOY % Change PCE PCEC 10Lynwood Public Financing Authority - Page 39 of 53 Agenda Item # 2 Economic and Market Update Sources: New (U.S. Census Bureau),Existing (National Assoc. of Realtors) Source: Case-Shiller Seasonally Adjusted Annual Rate 3/31/2022 0 2 4 6 8 10 12 14 16 18 20 22 Oc t - 1 3 Ma r - 1 4 Au g - 1 4 Ja n - 1 5 Ju n - 1 5 No v - 1 5 Ap r - 1 6 Se p - 1 6 Fe b - 1 7 Ju l - 1 7 De c - 1 7 Ma y - 1 8 Oc t - 1 8 Ma r - 1 9 Au g - 1 9 Ja n - 2 0 Ju n - 2 0 No v - 2 0 Ap r - 2 1 Se p - 2 1 YO Y P e r c e n t Case-Shiller 20 City U.S. Home Price Index YOY % Increase 200 300 400 500 600 700 800 900 1,000 1,100 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 Se p - 1 3 Ma r - 1 4 Se p - 1 4 Ma r - 1 5 Se p - 1 5 Ma r - 1 6 Se p - 1 6 Ma r - 1 7 Se p - 1 7 Ma r - 1 8 Se p - 1 8 Ma r - 1 9 Se p - 1 9 Ma r - 2 0 Se p - 2 0 Ma r - 2 1 Se p - 2 1 Ne w -Th o u s a n d s Ex i s t i n g -Mi l l i o n s U.S. New and Existing Home Sales Existing-Left New-Right 11Lynwood Public Financing Authority - Page 40 of 53 Agenda Item # 2 Economic and Market Update Source: U.S. Treasury 3/31/2022 $12 $13 $14 $15 $16 $17 $18 $19 $20 $21 $22 $23 $24 $25 $26 $27 $28 $29 $30 $31 $32 Ma r - 1 2 Se p - 1 2 Ma r - 1 3 Se p - 1 3 Ma r - 1 4 Se p - 1 4 Ma r - 1 5 Se p - 1 5 Ma r - 1 6 Se p - 1 6 Ma r - 1 7 Se p - 1 7 Ma r - 1 8 Se p - 1 8 Ma r - 1 9 Se p - 1 9 Ma r - 2 0 Se p - 2 0 Ma r - 2 1 Se p - 2 1 Tr i l l i o n s U.S. Federal Debt Outstanding 1.3 1.5 1.7 1.9 2.1 2.3 2.5 2.7 Ma r - 1 2 Se p - 1 2 Ma r - 1 3 Se p - 1 3 Ma r - 1 4 Se p - 1 4 Ma r - 1 5 Se p - 1 5 Ma r - 1 6 Se p - 1 6 Ma r - 1 7 Se p - 1 7 Ma r - 1 8 Se p - 1 8 Ma r - 1 9 Se p - 1 9 Ma r - 2 0 Se p - 2 0 Ma r - 2 1 Se p - 2 1 Pe r c e n t U.S. Treasury Interest Bearing Debt Avg Rate 12Lynwood Public Financing Authority - Page 41 of 53 Agenda Item # 2 Economic and Market Update Fed Funds Anticipated Rate from the March 17, 2022 FOMC Meeting Source: Bloomberg 3/31/2022 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 Ap r - 2 0 2 2 Ma y - 2 0 2 2 Ju n - 2 0 2 2 Ju l - 2 0 2 2 Au g - 2 0 2 2 Se p - 2 0 2 2 Oc t - 2 0 2 2 No v - 2 0 2 2 De c - 2 0 2 2 Ja n - 2 0 2 3 Fe b - 2 0 2 3 Ma r - 2 0 2 3 Ap r - 2 0 2 3 Ma y - 2 0 2 3 Ju n - 2 0 2 3 Ju l - 2 0 2 3 Au g - 2 0 2 3 Se p - 2 0 2 3 Oc t - 2 0 2 3 No v - 2 0 2 3 De c - 2 0 2 3 Ja n - 2 0 2 4 Fe b - 2 0 2 4 Ma r - 2 0 2 4 Ap r - 2 0 2 4 Ma y - 2 0 2 4 Ju n - 2 0 2 4 Ju l - 2 0 2 4 Au g - 2 0 2 4 Se p - 2 0 2 4 Oc t - 2 0 2 4 No v - 2 0 2 4 De c - 2 0 2 4 Ja n - 2 0 2 5 Fe b - 2 0 2 5 Ma r - 2 0 2 5 Pe r c e n t Fed Funds Futures Fed's Anticipated Rates Fed Funds Futures 13Lynwood Public Financing Authority - Page 42 of 53 Agenda Item # 2 Economic and Market Update Source: Bloomberg Figures may not total due to rounding 3/31/2022 3Y 2.51 0.96 1.56 30Y 2.45 1.90 0.55 5Y 2.46 1.26 1.20 10Y 0.50 2.34 1.51 0.83 Change12/31/213/31/22 3M Maturity 1.600.732.342Y 1.220.381.611Y 0.830.191.026M 0.450.04 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3M 6M 1Y 2Y 3Yr 5Y 10Y 30Y Pe r c e n t U.S. Treasury Yield Curve Change 3/31/22 12/31/21 0 20 40 60 80 100 120 140 160 180 3M 6M 1Y 2Y 3Y r 5Y 10 Y 30 Y Ba s i s P o i n t s Basis Point Change 14Lynwood Public Financing Authority - Page 43 of 53 Agenda Item # 2 Economic and Market Update Source: Bloomberg 3/31/2022 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 Ma r - 1 7 Ju n - 1 7 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Ma r - 2 2 Pe r c e n t U.S. Treasury Yields: 3M and 1Y 1Y 3M 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 Ma r - 1 7 Ju n - 1 7 Se p - 1 7 De c - 1 7 Ma r - 1 8 Ju n - 1 8 Se p - 1 8 De c - 1 8 Ma r - 1 9 Ju n - 1 9 Se p - 1 9 De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Ma r - 2 2 Pe r c e n t U.S. Treasury Yields: 2Y and 5Y 5Y 2Y 15Lynwood Public Financing Authority - Page 44 of 53 Agenda Item # 2 Economic and Market Update Source: Bloomberg 3/31/2022 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Ja n - 5 4 Ja n - 5 6 Ja n - 5 8 Ja n - 6 0 Ja n - 6 2 Ja n - 6 4 Ja n - 6 6 Ja n - 6 8 Ja n - 7 0 Ja n - 7 2 Ja n - 7 4 Ja n - 7 6 Ja n - 7 8 Ja n - 8 0 Ja n - 8 2 Ja n - 8 4 Ja n - 8 6 Ja n - 8 8 Ja n - 9 0 Ja n - 9 2 Ja n - 9 4 Ja n - 9 6 Ja n - 9 8 Ja n - 0 0 Ja n - 0 2 Ja n - 0 4 Ja n - 0 6 Ja n - 0 8 Ja n - 1 0 Ja n - 1 2 Ja n - 1 4 Ja n - 1 6 Ja n - 1 8 Ja n - 2 0 Ja n - 2 2 Pe r c e n t U.S. Treasury Yields 2Yr and 5Yr -Fed Funds Target Rate 5Yr 2Yr Fed Funds 16Lynwood Public Financing Authority - Page 45 of 53 Agenda Item # 2 Economic and Market Update Source: Bloomberg 3/31/2022 Global Treasury Rates 2 Year Yields 5 Year Yields 10 Year Yields -0.16% -0.08% -0.06% -0.04% -0.03% 0.21% 0.28% 1.34% 1.81% 2.29% 2.33% -4.0%-2.0%0.0%2.0%4.0% Switzlnd Germany Portugal Japan France Spain Italy England Australia Canada USA 0.03% 0.24% 0.37% 0.57% 0.62% 0.84% 1.18% 1.40% 2.41% 2.46% 2.60% -4.0%-2.0%0.0%2.0%4.0% Japan Switzlnd Germany France Portugal Spain Italy England Canada USA Australia 0.21% 0.55% 0.57% 0.98% 1.35% 1.43% 1.61% 2.04% 2.34% 2.40% 2.84% -2.0%-1.0%0.0%1.0%2.0%3.0% Japan Germany Switzlnd France Portugal Spain England Italy USA Canada Australia 17Lynwood Public Financing Authority - Page 46 of 53 Agenda Item # 2 Economic and Market Update ICE BofAML Index (option adjusted spread vs. Treasury)ICE BofAML Index (option adjusted spread vs. Treasury) 1-5Yr Non-Callable Agency (GVPB)Corporate A-AAA Excluding Yankee (CVAC) Source: ICE BofAML Indices 3/31/2022 Current Spread is 2 Current Spread is 47 -50 0 50 100 150 200 250 300 350 400 450 500 550 600 650 Fe b - 0 8 Fe b - 0 9 Fe b - 1 0 Fe b - 1 1 Fe b - 1 2 Fe b - 1 3 Fe b - 1 4 Fe b - 1 5 Fe b - 1 6 Fe b - 1 7 Fe b - 1 8 Fe b - 1 9 Fe b - 2 0 Fe b - 2 1 Fe b - 2 2 Ba s i s P o i n t s Spread: 1-5Yr Agency vs Treasury 0 50 100 150 200 250 300 350 400 450 500 550 600 650 Fe b - 0 8 Fe b - 0 9 Fe b - 1 0 Fe b - 1 1 Fe b - 1 2 Fe b - 1 3 Fe b - 1 4 Fe b - 1 5 Fe b - 1 6 Fe b - 1 7 Fe b - 1 8 Fe b - 1 9 Fe b - 2 0 Fe b - 2 1 Fe b - 2 2 Ba s i s P o i n t s Spread: 1-5Yr A-AAA Corporate vs Treasury 18Lynwood Public Financing Authority - Page 47 of 53 Agenda Item # 2 Economic and Market Update *ICE BofAML Index (option adjusted spread vs. Treasury)*ICE BofAML Index (option adjusted spread vs. Treasury) AAA Rated ABS (R0A1)CMO Agency 0-3Yr PAC (CM1P) Source: ICE BofAML Indices 3/31/2022 Current Spread is 72 Current Spread is 36 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 Fe b - 0 8 Fe b - 0 9 Fe b - 1 0 Fe b - 1 1 Fe b - 1 2 Fe b - 1 3 Fe b - 1 4 Fe b - 1 5 Fe b - 1 6 Fe b - 1 7 Fe b - 1 8 Fe b - 1 9 Fe b - 2 0 Fe b - 2 1 Fe b - 2 2 Ba s i s P o i n t s Spread: AAA Asset Backed vs Treasury -150 -100 -50 0 50 100 150 200 250 300 Fe b - 0 8 Fe b - 0 9 Fe b - 1 0 Fe b - 1 1 Fe b - 1 2 Fe b - 1 3 Fe b - 1 4 Fe b - 1 5 Fe b - 1 6 Fe b - 1 7 Fe b - 1 8 Fe b - 1 9 Fe b - 2 0 Fe b - 2 1 Fe b - 2 2 Ba s i s P o i n t s Spread: 0-3Yr Agency CMO vs Treasury 19Lynwood Public Financing Authority - Page 48 of 53 Agenda Item # 2 Economic and Market Update Source: Bloomberg 3/31/2022 -10.6 -9.2 -8.8 -7.7 -6.5 -6.5 -6.4 -6.1 -5.8 -5.6 -4.9 -4.9 -4.6 -4.1 -3.8 -3.1 -2.5 -0.2 2.6 5.8 28.6 36.4 (20) (10) 0 10 20 30 40 Pe r c e n t Selected Sector Quarterly Total Returns 20Lynwood Public Financing Authority - Page 49 of 53 Agenda Item # 2 Economic and Market Update Source: Bloomberg 3/31/2022 -11.7 -8.9 -4.9 -4.3 -4.0 -3.8 -3.1 -1.7 -1.0 -0.2 0.3 0.9 4.2 4.4 4.7 6.8 13.3 14.2 15.5 21.3 56.0 82.9 (20) 0 20 40 60 80 100 Pe r c e n t Selected Sector Year-Over-Year Total Returns 21Lynwood Public Financing Authority - Page 50 of 53 Agenda Item # 2 Economic and Market Update Sources: Bloomberg, FHN Main Street 3/31/2022 0.85 1.05 1.25 1.45 1.65 1.85 2.05 2.25 2.45 2.65 12 / 3 1 / 2 1 1/ 3 / 2 2 1/ 6 / 2 2 1/ 9 / 2 2 1/ 1 2 / 2 2 1/ 1 5 / 2 2 1/ 1 8 / 2 2 1/ 2 1 / 2 2 1/ 2 4 / 2 2 1/ 2 7 / 2 2 1/ 3 0 / 2 2 2/ 2 / 2 2 2/ 5 / 2 2 2/ 8 / 2 2 2/ 1 1 / 2 2 2/ 1 4 / 2 2 2/ 1 7 / 2 2 2/ 2 0 / 2 2 2/ 2 3 / 2 2 2/ 2 6 / 2 2 3/ 1 / 2 2 3/ 4 / 2 2 3/ 7 / 2 2 3/ 1 0 / 2 2 3/ 1 3 / 2 2 3/ 1 6 / 2 2 3/ 1 9 / 2 2 3/ 2 2 / 2 2 3/ 2 5 / 2 2 3/ 2 8 / 2 2 3/ 3 1 / 2 2 Pe r c e n t 5 Year Treasury Note Yield Fed Presidents Kashkari, Daly, and Bullard Emphasize Need For Hikes in 2022 Rate Hike and Inflationary Pressures Push Yields Higher Powell Confirms March Rate Hike in Congressional Testimony FOMC President Bullard Says He Favors 100bps of Hikes by June Jan Payrolls Beat Expectations Fed Hikes 25bps Fall in Tech Stocks Spur Flight to Quality Commodities Surge on Russian Escalation Strong Q4 GDP From Inventory Buildup Powell Says FOMC Open to 50bps Hike in May Geopolitical Concerns Mount With Russia/Ukraine 22Lynwood Public Financing Authority - Page 51 of 53 Agenda Item # 2 Economic and Market Update Sources: Bloomberg, FHN Financial, FHN Main Street 3/31/2022 32,000 33,000 34,000 35,000 36,000 37,000 38,000 12 / 3 1 / 2 1 1/ 3 / 2 2 1/ 6 / 2 2 1/ 9 / 2 2 1/ 1 2 / 2 2 1/ 1 5 / 2 2 1/ 1 8 / 2 2 1/ 2 1 / 2 2 1/ 2 4 / 2 2 1/ 2 7 / 2 2 1/ 3 0 / 2 2 2/ 2 / 2 2 2/ 5 / 2 2 2/ 8 / 2 2 2/ 1 1 / 2 2 2/ 1 4 / 2 2 2/ 1 7 / 2 2 2/ 2 0 / 2 2 2/ 2 3 / 2 2 2/ 2 6 / 2 2 3/ 1 / 2 2 3/ 4 / 2 2 3/ 7 / 2 2 3/ 1 0 / 2 2 3/ 1 3 / 2 2 3/ 1 6 / 2 2 3/ 1 9 / 2 2 3/ 2 2 / 2 2 3/ 2 5 / 2 2 3/ 2 8 / 2 2 3/ 3 1 / 2 2 Dow Jones Industrial Average Oil Prices Fall, Providing Relief From Increasing Energy Prices Apple Earnings Beat Expectations, Buoy Stocks President Xi Signals Opposition to War in Ukraine FOMC Minutes Show Fed's Hawkish Stance Amazon Reports Strong Earnings Consumer Sentiment Drops to Lowest Level Since 2008 Disappointing Earnings in Tech Sector Sparks Pessimism Powell Says Inflation is Too Hot Gas Hits Avg. $4/Gallon Nationally; Highest Since 2008 Russia Attacks Ukraine 23Lynwood Public Financing Authority - Page 52 of 53 Agenda Item # 2 Disclosure This report represents the opinions of FHN Financial Main Street Advisors, LLC and should not be considered predictive of any future market performance. 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NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND SUBSCRIBER'S USE IS AT SUBSCRIBER'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND FHN FINANCIAL MAIN STREET ADVISORS, LLC, OR ANY OF ITS PRODUCTS OR SERVICES. 24Lynwood Public Financing Authority - Page 53 of 53 Agenda Item # 2