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Home My Public Portal About2022-11-01-LSAThis Agenda contains a brief general description of each item to be considered. Copies of the Staff reports or other written documentation relating to each item of business referred to on the Agenda are on file in the Office of the City Clerk and are available for public inspection. Any person who has a question concerning any of the agenda items may call the City Manager at (310) 603-0220, ext. 200. 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. AGE N D A City of Lynwood as Succe ssor Age ncy to the Lynwood Re de v e lopme nt Agency TO BE HE L D ON Nove mber 1, 2022 CO U N C I L C H A MB ERS - 11350 BULLI S RD. LY NWOOD, CA 90262 or We b confe rence via ZOO M - To participate v ia Zoom or by telephone : 1-669-900-9128 or 1-253-215-8782 Mee ting I D: 835 2029 8238 Duly Posted on 10/27/2022 By MQ 6:00 PM 1.C ALL TO OR D ER 2.C E R T IF IC ATION OF AGE N D A P OS T IN G B Y S E C R E TARY 3.R OL L C AL L OF ME MB E R S J orge C asanova, Mayor J ose L uis S olache, Mayor P ro Tem Oscar F lores, C ouncil Member Mari sela S antana, C ouncil Member Ri ta S oto, C ouncil Member P U B L IC OR AL C OMMU N IC AT ION S (Regarding Agenda Items Only) N ON-AGE N D A P U B LIC OR AL C OMMU N IC AT ION S THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD SUCCESSOR AGENCY ON ITEMS WITHIN THE JURISDICTION OF THE LYNWOOD SUCCESSOR AGENCY AND NOT LISTED ON THE AGENDA. IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO SUBSTANTIAL DISCUSSION OF THE ISSUE BY LYNWOOD SUCCESSOR AGENCY, BUT LYNWOOD SUCCESSOR AGENCY MAY REFER THE Lynwood Successor Agency - Page 1 of 35 MATTER TO STAFF OR SCHEDULE SUBSTANTIVE DISCUSSION FOR A FUTURE MEETING. (The Ralph M. Brown Act, Government Code Section 54954.2 (a).) C ON SEN T C AL E N D AR ALL MATTERS LISTED UNDER THE CONSENT CALENDAR WILL BE ACTED UPON BY ONE MOTION AFFIRMING THE ACTION RECOMMENDED ON THE AGENDA. THERE WILL BE NO SEPARATE DISCUSSION ON THESE ITEMS PRIOR TO VOTING UNLESS MEMBERS OF THE COUNCIL OR STAFF REQUEST SPECIFIC ITEMS TO BE REMOVED FROM THE CONSENT CALENDAR FOR SEPARATE ACTION. 4.T R E AS U R E R'S QU AR T E R LY R E P OR T Comments: The purpose of this item is to have the Honorable Mayor and the Lynwood C ity C ouncil review the Treasurer ’s Quarterly Investment Report as requi red by S tate S tatutes. (C T) Recommendation: It is rec ommended that the C ity of Lynwood receive and file the attac hed Q uarterly Investment R eport. T he following information provided in this report highlights the investment activity for the quarter ending S eptember 30, 2022. AD J OU R N ME N T C ITY O F LYN W OO D A S S UC C E S S O R A GE NC Y TO THE LYNW OO D R E D E V E L O P M E NT A G E NC Y M E E TINGS W IL L B E P O S TE D A S NE E D E D . THE NE X T M E E TING W IL L B E HE L D IN THE C OUNC IL C HA M B E RS O F C ITY H A L L A NNE X , 11350 B UL L IS RO A D , C ITY OF LYNW O OD , C A L IF ORNIA . Lynwood Successor Agency - Page 2 of 35 A genda I tem # 4. AGENDA STAF F REPORT D AT E: November 1, 2022 TO: Honorable Mayor and Members of C ity C ounci l, as S uccessor to Lynwood Redvelopment B oard AP P R OV E D B Y: E rnie Hernandez, C ity Manager P R E PAR E D B Y: Gabriela C amacho, C ity Treasurer S heila Harding, D eputy C ity Treasurer S U B J E C T: TRE A S URE R'S Q U A RTE RLY RE P ORT Recommendation: It is recommended that the C ity of Lynwood receive and file the attached Q uarterly Investment R eport. The following information provided in this report highlights the investment activity for the quarter ending S eptember 30, 2022. Background: D ue to the crisis c aus ed by the O range C ounty investment pool, the S tate Legislature in 1995 enacted S B 564 and S B 866. T hese laws were enac ted as S tate S tatutes to impose certain mandates regarding investments with public funds. The statutes have imposed the following mandates: 1. A nnual adoption of an Investment P olicy that incorporates changes mandated by the S tate. 2. Quarterly Investment Reports presented to the L egi slati ve B ody or B oard Members. 3. Restri cti on on the use of certain investment instruments. The purpose of the Treasurer ’s report i s to update the C ity C ounci l and the public of the status of the C ity’s cash balances, investments and highlight changes from one period to another. This report includes reconci liati on 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 securi ti es in the C i ty’s portfolio will li kely increase and when the interest rates increase, the market value of the securities will likely decrease. The C i ty’s practice is to buy and hold investments until maturi ty so changes in the market price do not affect the C ity’s investment pri ncipal. Lynwood Successor Agency - Page 3 of 35 S hort-term excess cash is primarily invested in the L ocal A gency Investment F und (L A IF ) administered by the S tate Treasurer. L A IF is a high quality investment available in terms of safety, liquidity and yield. The C ity’s cash and investment portfoli o is sufficiently liquid to meet expected expenditures for the coming six months. The majority of property tax revenues are received from the C ounty in D ecember and A pril and a porti on of the revenue received i s i nvested in the L ocal A gency Investment F und and can be withdrawn at any time. There are three petty cash funds totaling $3,300; C ity Manager's Office totaling $2,000, F i nance D epartment totaling $1,000.00 and C ity Treasurer's Office totaling $300.00. There are two change funds totaling $640.00; Water B illing $600.00 and Recreation $40.00 The total received from Urban F arming for the 1st quarter reporting is $137,780.41, plus an additional $50,000 for cost recovery. The total amount of Non-S ufficient F unds (NS F ) from customers for the 1st quarter reporting is $4,934.44 of which $863.23 has been collected. The remaining balance of Non-S ufficient F unds outstanding for the 1st quarter is $4,071.21. The market valuation is provided by F T N Main S treet C apital Advisors and all of the investments are in compliance with C alifornia Government C ode S ections 53600 et seq. and the C ity’s inves tment policy. Reports prepared by F TN Main S treet C apital A dvisors are as follows: P ortfolio S ummary - D ash B oard Investment P olicy C ompliance Report Yield at C ost P er 6 Months Maturity Intervals Issuer A llocati on Historical E arnings & B ook Return P erformance Historical Yi elds at C ost vs B enchmark Total Return P erformance Investment A cti vity P ortfolio S ummary Holdi ng Report Maturity Report Income E arned S ummary Income E arned Reali zed Gains and L osses Transaction Report Fiscal Impact: There is no fis c al impact. Coordinated With: F TN F inanci al Main S treet A dvisors AT TAC H ME N T S: Description QU AR TE R LY S U MMARY R E P OR T - S E P T E MB E R 2022 F H N R E P OR T - S EPT E MB E R 2022 E C ON OMIC OU T LOOK - SE P T E MB E R 2022 Lynwood Successor Agency - Page 4 of 35 Schedule of City Cash & Investments: This schedule provides information on the cash and investments managed by the City. Quarterly Interest Credit Money Market/Custody Holdings Balance Interest F/Y to Date JP Morgan Chase ‐ Section 108 MMA 125,383.52$ 96.45$ 96.45$ JP Morgan Chase ‐ Money Market Account 1,883,626.05$ 1,449.02$ 1,449.02$ JP Morgan Chase ‐ Parking Enforcement 5,838,742.16$ 4,411.97$ 4,411.97$ US Bank ‐ City of Lynwood 4,539.88$ 0.10$ 0.10$ Total 7,852,291.61$ 5,957.54$ 5,957.54$ Demand Deposits General Account 35,333,949.95$ US Bank ‐ Economic Development 10,696.54$ US Bank ‐ Housing Authority A 71,789.46$ US Bank ‐ Housing Authority B 18,000.09$ US Bank ‐ City HCDA 150,518.11$ US Bank ‐ City Home Program 1,020,153.96$ 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 3,758,551.71$ US Bank ‐ Low Mod Housing Trst Fnd/Rogel 7,647,325.02$ 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 50,295,077.04$ 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, 2022 Lynwood Successor Agency - Page 5 of 35 Quarter Ending Date Interest Issuer Investment Balance Interest Received Rate State of California LAIF 9,563,138.29 31,723.70 30‐Sep‐22 0.84% *As of Oct 15, 2022 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) LAIF PARTICIPATION AS OF 9/30/2022 2,385 Agencies MONEY POOLED INVESTMENT ACCOUNT (chart dollars in millions) CITY OF LYNWOOD QUARTERLY REPORT September 30, 2022 LAIF Daily Yield 1.60% ‐ Quarter to Date 1.28% ‐ Average Days to Maturity 303 Total $222.9 billion MONTHLY PORTFOLIO COMPOSITION 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% Agencies Certificate of Deposits Time Deposits Commercial Paper Corporate Bonds Loans Treasuries Chart Title 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 54 COUNTIES 476 CITIES 1,440 SPECIAL DISTRICTS 193 SCHOOL DISTRICTS 166 TRUSTEES 56 BONDS Chart Title Sept 2022.xlsLynwood Successor Agency - Page 6 of 35 PAR MARKET BOOK % OF INVESTMENTS VALUE VALUE VALUE PORTFOLIO *Money Market Funds 456,534.58$ 456,534.58$ 456,534.58$ 1.26% LAIF 9,563,138.29$ 9,563,138.29$ 9,563,138.29$ 26.30% Corporate Notes 3,500,000.00$ 3,361,292.50$ 3,488,187.39$ 9.59% Commercial Paper 1,000,000.00$ 992,161.56$ 992,993.24$ 2.73% Federal Agency 10,440,000.00$ 10,089,302.00$ 10,443,677.25$ 28.72% Treasury Coupon Securities 6,500,000.00$ 5,963,565.00$ 6,500,457.23$ 17.88% CD‐FDIC 4,917,000.00$ 4,720,415.72$ 4,915,367.45$ 13.52% TOTAL 36,376,672.87$ 35,146,409.65$ 36,360,355.43$ 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. Interest Credit Time Deposit/MM/Certificate of Deposit Balance Maturity Date F/Y to Date JP Morgan Chase (Section 108) 125,383.52$ N/A 96.45$ JP Morgan Chase ‐ Money Market Account 1,883,626.05$ N/A 1,449.02$ JP Morgan Chase ‐ Parking Enforcement 5,838,742.16$ N/A 4,411.97$ US Bank ‐ City of Lynwood 4,539.88$ N/A 0.10$ TOTAL 7,852,291.61$ 5,957.54$ Corporate Checking Accounts Balance General Account 35,333,949.95$ US Bank ‐ City HCDA 150,518.11$ US Bank ‐ City Home Program 1,020,153.96$ US Bank ‐ Economic Development 10,696.54$ US Bank ‐ Housing Authority A 71,789.46$ US Bank ‐ Housing Authority B 18,000.09$ US Bank ‐ Lyn Tr. Center Unf Wrkr 2,791.24$ US Bank ‐ City of Lynwood 49,028.48$ US Bank ‐ RORF Successor Agency 3,758,551.71$ US Bank ‐ Low Mod Housing Trst Fnd/Rogel 7,647,325.02$ 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 50,295,077.04$ CITY OF LYNWOOD QUARTERLY REPORT September 30, 2022 PORTFOLIO SUMMARY Sept 2022.xlsLynwood Successor Agency - Page 7 of 35 AVERAGE MARKET PERCENTAGE (%) DAYS TO DESCRIPTION VALUE PORTFOLIO MATURITY INVESTMENTS* 35,146,409.65 100% * MONEY MARKET/CUSTODY HOLDINGS 7,852,291.61 DEMAND DEPOSIT ACCOUNTS 50,295,077.04 TOTAL AVERAGES 58,147,368.65$ TOTAL INVESTMENTS & AVERAGES 93,293,778.30$ 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 September 30, 2022 MASTER SUMMARY Sept 2022.xlsLynwood Successor Agency - Page 8 of 35 JULY AUGUST SEPTEMBER Market Value $30,716,673 $35,477,708 $35,146,410 Book Value $31,306,790 $36,299,071 $36,360,355 Variance ‐$590,117 ‐$821,363 ‐$1,213,945 Par Value $31,267,560 $36,296,323 $36,376,673 Net Asset Value $98.12 $97.74 $96.66 Book Yield 1.40% 1.98% 2.13% Market Yield 2.16% 2.92% 3.56% Years to Maturity 1.37 1.82 1.79 Effective Durantion 1.27 1.56 1.55 JULY AUGUST SEPTEMBER Total Earnings Per Month 22,509.68 38,798.19 51,192.88 F/Y Earnings to Date $22,510.00 $61,308.00 $112,501.00 Average Daily Balance $27,257,701.28 $34,693,916.96 $36,339,389.62 F/Y Average Daily Balance $27,257,701.28 $30,975,809.12 $32,763,669.29 Fiscal YTD Book Return 0.97% 1.17% 1.36% JULY AUGUST SEPTEMBER CD-FDIC 4,152,538.95 4,806,334.35 4,720,415.72 Commercial Paper 990,660.07 992,161.56 Corporate Bonds 1,991,567.50 2,958,330.00 3,361,292.50 LAIF 9,563,138.29 9,563,138.29 9,563,138.29 Money Market Funds 5,188,421.30 876,186.13 456,534.58 U.S. Agencies 3,677,367.00 10,220,964.40 10,089,302.00 U.S. Treasuries 6,143,640.00 6,062,095.00 5,963,565.00 TOTAL 30,716,673.04 35,477,708.24 35,146,409.65 HOLDINGS PORTFOLIO SUMMARY AT A GLANCE ACCOUNT SUMMARY JULY - SEPTEMBER 2022 Lynwood Successor Agency - Page 9 of 35 2021 Jan ‐ Mar Apr ‐ June July ‐ Sept Oct ‐ Dec Investments Managed by Main Street $25,697,469.19 $25,569,355.97 35,146,409.65 $26,155,452.36 Cash & Investments $58,014,897.72 $69,247,916.93 58,147,368.65 $62,899,284.48 Per Treasurer's Reports 83,712,366.91 $94,817,272.90 $93,293,778.30 $89,054,736.84 Accounts Balances per Statement Beginning Credits Debits Ending US Bank ‐ General Account*46,235,614.88 4,349,364.18$ 17,969,926.42$ 32,615,052.64$ *Local Agency Investment Fund 9,545,267.55$ 17,870.74 ‐$ 9,563,138.29$ US Bank ‐ RORF ‐ Successor Agency 4,137,245.71$ ‐$ 23,010.00$ 4,114,235.71$ US Bank ‐ Low Mod Housing Trust 7,885,911.07$ ‐$ 5,752.00$ 7,880,159.07$ TOTAL REVENUE & EXPENDITURE 4,367,234.92$ 17,998,688.42$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank ‐ General Account*32,615,052.64$ 5,020,328.14$ 12,390,584.52$ 25,244,796.26$ *Local Agency Investment Fund 9,563,138.29$ ‐$ ‐$ 9,563,138.29$ US Bank ‐ RORF ‐ Successor Agency 4,114,235.71$ 355,684.00$ 3,758,551.71$ US Bank ‐ Low Mod Housing Trust 7,880,159.07$ 227,321.55$ 7,652,837.52$ TOTAL REVENUE & EXPENDITURE 5,020,328.14$ 12,973,590.07$ Accounts Balances per Statement Beginning Credits Debits Ending US Bank ‐ General Account 25,244,796.26$ 16,350,805.93$ 6,261,652.24$ 35,333,949.95$ *Local Agency Investment Fund 9,563,138.29$ ‐$ 9,563,138.29$ US Bank ‐ RORF ‐ Successor Agency 3,758,551.71$ 3,758,551.71$ US Bank ‐ Low Mod Housing Trust 7,652,837.52$ 5,512.50 7,647,325.02$ TOTAL REVENUE & EXPENDITURE 16,350,805.93$ 6,267,164.74 QUARTERLY TOTAL OF DEBITS/CREDITS 25,738,368.99$ 37,239,443.23$ *Most Active Accounts *Funds transferred from LAIF account to the general account to cover expenditures 2022 Jul‐22 Aug‐22 Sep‐22 CITY OF LYNWOOD QUARTERLY REPORT September 30, 2022 MONTHLY BALANCES PER STATEMENT DEMAND DEPOSIT ACCOUNTS ‐ MOST ACTIVE BALANCES PER QUARTER Lynwood Successor Agency - Page 10 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 2 Portfolio Summary City of Lynwood 9/30/2022 SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S) ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 9/30/22 8/31/22 Issuer % Portfolio Market Value $35,146,410 $35,477,708 LAIF 26.3% Book Value $36,360,355 $36,299,071 FHLB 19.9% Variance -$1,213,946 -$821,363 U.S. Treasury 17.9% FFCB 4.7% Par Value $36,376,673 $36,296,324 FNMA 2.8% JPMorgan 1.4% Net Asset Value $96.66 $97.74 MetLife 1.4% FHLMC 1.4% Book Yield 2.13%2.01%Credit Agricole 1.4% Apple 1.4% Market Yield 3.56%2.94%Bedford Row Funding 1.4% 3M 1.3% Years to Maturity 1.79 1.82 Goldman Sachs Govt MMF 1.3% Exxon Mobil 0.7% Effective Duration 1.55 1.56 Toyota 0.7% Oc t - 2 1 No v - 2 1 De c - 2 1 Ja n - 2 2 Fe b - 2 2 Ma r - 2 2 Ap r - 2 2 Ma y - 2 2 Ju n - 2 2 Ju l - 2 2 Au g - 2 2 Se p - 2 2 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% 2.20% 2.40% 1.3% 2.7% 9.6% 13.5% 17.9% 26.3% 28.7% MMF CP CORP CD TSY LAIF AGY 100%75%50%25%0% 40.5% 16.2% 19.9% 10.9%12.5% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ 0% 10% 20% 30% 40% 50% 60% 70% 39.8% 0.7% 4.8% 1.4% 0.7% 47.2% 5.4% NR A3 A2 A1 Aa3 Aa2 Aa1 Aaa P-1 100%75%50%25%0% 2Lynwood Successor Agency - Page 11 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 3 Investment Policy Compliance City of Lynwood 9/30/2022 Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 6,500,457.23 17.88%100%Yes US Federal Agencies 10,443,677.25 28.72%100%Yes Supranational Obligations 0.00 0.00%30%Yes LAIF 9,563,138.29 26.30%$75,000,000 Yes Commercial Paper 992,993.24 2.73%25%Yes Money Market Funds 456,534.58 1.26%20%Yes Negotiable Certificates of Deposit 4,915,367.45 13.52%30%Yes Corporate Obligations 3,488,187.39 9.59%30%Yes State and Local Governments 0.00 0.00%100%Yes Total 36,360,355.43 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity 1.79 Less than 3.0 Years Yes Liquidity 40.54%30% Under 365 Days Yes Ratings Yes 3Lynwood Successor Agency - Page 12 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 8 Yield At Cost Per 6-Month Maturity Intervals City of Lynwood 9/30/2022 Years Yield At Cost % of Portfolio 0 to .5 1.88%37.12% .5 to 1.0 3.05%3.42% 1.0 to 1.5 2.33%8.62% 1.5 to 2.0 2.41%7.56% 2.0 to 2.5 1.37%7.52% 2.5 to 3.0 2.63%12.34% 3.0 to 3.5 1.33%5.46% 3.5 to 4.0 1.13%5.48% 4.0 to 4.5 1.27%2.73% 4.5 to 5.0 3.56%9.74% 5.0+0.00%0.00% Total 2.13%100.0% 1.88% 3.05% 2.33%2.41% 1.37% 2.63% 1.33% 1.13%1.27% 3.56% 5.55.04.54.03.53.02.52.01.51.00.50.0-0.5 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% Maturity Intervals Yi e l d A t C o s t Bubble Size =Maturity's %of Portfolio 8Lynwood Successor Agency - Page 13 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 10 Issuer Allocation City of Lynwood 9/30/2022 0.6% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 1.3% 1.3% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 2.8% 4.7% 17.9% 19.9% 26.3% American Express National Bank Citigroup Wells Fargo EnerBank Goldman Sachs Bank Comenity Capital Bank Morgan Stanley Bank Merrick Bank UBS Bank USA Capital One Bank USA Capital One Bank NA BMW Bank Ally Bank First Missouri State Bank EagleBank Discover Bank Toyota Financial Savings Bank Synchrony Bank State Bank of India Morgan Stanley Private Bank Amazon Charles Schwab New York Life US Bancorp Toyota Exxon Mobil Goldman Sachs Govt MMF 3M Bedford Row Funding Apple Credit Agricole FHLMC MetLife JPMorgan FNMA FFCB U.S. Treasury FHLB LAIF 30%25%20%15%10%5%0% 10Lynwood Successor Agency - Page 14 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 11 Historical Earnings & Book Return Performance City of Lynwood 9/30/2022 Fiscal YTD ($K)Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 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 $203.773 $222.371 $242.161 FY 2023 $22.510 $61.308 $112.501 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 0.97%1.17%1.36% Fiscal Year-To-Date Earnings Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $0 $50 $100 $150 $200 $250 $300 $350 Th o u s a n d s FY 2021 FY 2022 FY 2023 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 Successor Agency - Page 15 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 12 Historical Yield At Cost vs Benchmark City of Lynwood 9/30/2022 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 Ap r - 2 2 Ju n - 2 2 Au g - 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 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 0.0% 0.5% 1.0% 1.5% 2.0% 2.5%Portfolio Benchmark Benchmark: Custom Benchmark (see disclosure) 12Lynwood Successor Agency - Page 16 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 13 Total Return Performance City of Lynwood 9/30/2022 *Index: ICE BofA 0-3Yr Treasury Index **Inception: June 2017 1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception Portfolio -0.962%-1.090%-1.090%-3.596%-0.255%0.837%0.867% Benchmark -0.792%-0.989%-0.989%-3.398%-0.158%0.763%0.769% Variance -0.170%-0.101%-0.101%-0.198%-0.097%0.074%0.097% 1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception** -4% -4% -3% -3% -2% -2% -1% -1% 0% 1% 1% 2% Portfolio Benchmark 13Lynwood Successor Agency - Page 17 of 35 Run Date: 10/6/2022 - 12:45 PM Amortizing Page 14 Investment Activity City of Lynwood 9/30/2022 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Positions 41 41 43 43 43 43 42 42 41 43 55 56 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Purchases 1 1 3 0 0 0 1 1 1 3 14 1 Redemptions 0 1 1 0 0 0 2 1 2 1 2 0 Total 1 2 4 0 0 0 3 2 3 4 16 1 Number of Positions at Month End Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 38 40 42 44 46 48 50 52 54 56 58 Po s i t i o n s Purchases and Redemptions* (Excluding MMF/LGIP) Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 0 2 4 6 8 10 12 14 16 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 Successor Agency - Page 18 of 35 Portfolio Summary City of Lynwood September 30, 2022 Investments Par Value Book Value % of Portfolio YTMMaturity Days to Market Value Book Certificates of Deposit 4,917,000.00 4,915,367.45 13.52 2.70 1,039 4,720,415.72 Commercial Paper 1,000,000.00 992,993.24 2.73 3.14 79 992,161.56 Corporate Bonds 3,500,000.00 3,488,187.39 9.59 3.21 951 3,361,292.50 LAIF 9,563,138.29 9,563,138.29 26.30 1.60 1 9,563,138.29 Money Market Funds 456,534.58 456,534.58 1.26 2.90 1 456,534.58 U.S. Agencies 10,440,000.00 10,443,677.25 28.72 2.83 900 10,089,302.00 U.S. Treasuries 6,500,000.00 6,500,457.23 17.88 0.56 905 5,963,565.00 36,360,355.43 100.00 654 35,146,409.65 2.13 36,376,672.87 Investments September 30 Month Ending Fiscal Year To DateTotal Earnings Current Year 51,192.88 112,500.75 Average Daily Balance 36,339,389.62 32,763,669.29 Book Rate of Return 1.71% 1.36% Run Date: 10/6/2022 - 12:45 PM Amortizing 15Lynwood Successor Agency - Page 19 of 35 Holdings Report City of Lynwood September 30, 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 61747MF63 248,000.00Morgan Stanley Bank 01/12/2018 247,417.20 99.72 247,296.58 0.68% NR/NR 0.2801/11/2023 -670.53 NR 0.28 1,476.45 2.70% 247,967.11 3.65%2.650% 59013J5Z8 248,000.00Merrick Bank 12/19/2018 247,516.40 99.82 247,547.38 0.68% NR/NR 0.3902/21/2023 -406.96 NR 0.39 295.90 3.41% 247,954.34 3.82%3.350% 20033AZK5 248,000.00Comenity Capital Bank 06/29/2018 247,427.12 99.06 245,678.04 0.68% NR/NR 0.7506/29/2023 -2,236.63 NR 0.73 44.84 3.40% 247,914.66 4.58%3.300% 38148PR33 248,000.00Goldman Sachs Bank 07/09/2018 247,432.08 98.91 245,302.52 0.68% NR/NR 0.7607/06/2023 -2,610.56 NR 0.75 1,950.71 3.35% 247,913.08 4.76%3.300% 949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 98.67 244,711.32 0.68% NR/NR 0.9208/30/2023 -3,184.29 NR 0.89 22.42 3.35% 247,895.61 4.79%3.300% 29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 97.29 241,282.65 0.68% NR/NR 0.9909/27/2023 -6,599.13 NR 0.98 54.36 2.05% 247,881.78 4.81%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 97.70 242,289.91 0.68% NR/NR 1.4102/27/2024 -5,548.42 NR 1.37 713.42 3.05% 247,838.34 4.71%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 95.03 235,666.34 0.68% NR/NR 1.9609/13/2024 -12,333.66 NR 1.91 226.26 1.85% 248,000.00 4.54%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 97.21 241,087.34 0.68% NR/NR 2.8808/18/2025 -6,912.66 NR 2.72 291.48 3.30% 248,000.00 4.33%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 89.31 221,490.93 0.68% NR/NR 2.9909/25/2025 -26,509.07 NR 2.96 20.38 0.50% 248,000.00 4.36%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 89.29 221,435.12 0.68% NR/NR 3.5804/27/2026 -26,564.88 NR 3.49 1,066.74 1.00% 248,000.00 4.26%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 97.08 240,748.57 0.68% NR/NR 3.7707/07/2026 -7,251.43 NR 3.49 1,957.50 3.35% 248,000.00 4.20%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 88.62 219,786.28 0.68% NR/NR 3.7907/15/2026 -28,213.72 NR 3.71 503.47 0.95% 248,000.00 4.23%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 88.37 219,154.43 0.68% NR/NR 3.8708/11/2026 -28,845.57 NR 3.78 129.10 0.95% 248,000.00 4.23%0.950% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 97.04 240,657.45 0.68% NR/NR 4.7707/06/2027 -7,342.55 NR 4.33 2,009.82 3.40% 248,000.00 4.09%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 97.26 241,192.70 0.68% NR/NR 4.7707/07/2027 -6,807.30 NR 4.33 2,015.93 3.45% 248,000.00 4.09%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 97.69 242,280.39 0.68% NR/NR 4.8408/03/2027 -5,719.61 NR 4.39 1,423.11 3.55% 248,000.00 4.08%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 97.47 241,730.68 0.68% NR/NR 4.8508/04/2027 -6,269.32 NR 4.40 1,379.29 3.50% 248,000.00 4.08%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 97.47 241,727.69 0.68% NR/NR 4.8508/05/2027 -6,272.31 NR 4.40 1,355.51 3.50% 248,000.00 4.08%3.500% Run Date: 10/6/2022 - 12:45 PM Amortizing 16Lynwood Successor Agency - Page 20 of 35 Holdings Report City of Lynwood September 30, 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 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 97.24 199,349.41 0.56% NR/NR 4.8608/10/2027 -4,653.13 NR 4.42 1,007.59 3.56% 204,002.54 4.08%3.450% 4,912,148.36 4,720,415.72 13.52% 2.85 4,915,367.45 2.70% 4,917,000.00 4.29% 17,944.28 -194,951.73 2.67Total Certificates of Deposit Commercial Paper 22533ULG6 500,000.00Credit Agricole, NY 08/22/2022 496,536.11 99.57 497,858.02 1.37% P-1/A-1 0.1311/16/2022 -245.09 F1+ 0.13 0.00 2.92% 498,103.11 3.34%0.000% 07644BNK4 500,000.00Bedford Row Funding 08/17/2022 492,874.31 98.86 494,303.54 1.36% P-1/A-1+ 0.3001/19/2023 -586.59 NR 0.30 0.00 3.36% 494,890.13 3.79%0.000% 989,410.42 992,161.56 2.73% 0.22 992,993.24 3.14% 1,000,000.00 3.56% 0.00 -831.68 0.22Total Commercial Paper Corporate Bonds 90331HNV1 250,000.00US Bank 03/01/2019 253,307.50 99.20 247,990.00 0.69% A1/AA- 0.8107/24/2023 -2,624.28 AA- 0.77 1,581.94 3.08% 250,614.28 4.41%3.400%06/23/2023 89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 98.48 246,200.00 0.69% A1/A+ 1.2701/08/2024 -4,727.78 A+ 1.21 1,930.90 3.03% 250,927.78 4.59%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.31 491,535.00 1.39% A1/A- 1.6205/13/2024 -13,360.58 AA- 1.52 6,947.92 2.97% 504,895.58 4.72%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 93.53 233,817.50 0.69% Aaa/AA+ 2.3201/22/2025 -15,767.66 AAA 2.20 958.33 2.08% 249,585.16 5.00%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 93.56 467,800.00 1.31% A1/A+ 2.3802/14/2025 -9,326.04 NR 2.26 1,305.56 4.04% 477,126.04 4.91%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 95.93 239,830.00 0.72% Aa2/AA- 2.4703/19/2025 -22,019.43 NR 2.32 249.33 0.99% 261,849.43 4.76%2.992%02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.97 484,870.00 1.37% Aa3/AA- 2.9008/25/2025 -14,530.09 AA- 2.68 2,025.00 4.09% 499,400.09 5.18%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 95.99 479,955.00 1.36% Aaa/AA+ 3.4002/23/2026 -16,238.92 NR 3.10 1,715.28 3.49% 496,193.92 4.54%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 93.50 233,750.00 0.69% A2/A 4.5004/01/2027 -15,713.14 A 4.05 4,125.00 3.35% 249,463.14 4.93%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 94.22 235,545.00 0.68% A1/AA 4.5404/13/2027 -12,586.98 AA- 4.04 3,850.00 3.48% 248,131.98 4.73%3.300% Run Date: 10/6/2022 - 12:45 PM Amortizing 17Lynwood Successor Agency - Page 21 of 35 Holdings Report City of Lynwood September 30, 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 3,513,210.00 3,361,292.50 9.59% 2.61 3,488,187.39 3.21% 3,500,000.00 4.79% 24,689.26 -126,894.90 2.40Total Corporate Bonds LAIF 9819499 9,563,138.29LAIF 07/15/2022 9,563,138.29 1.00 9,563,138.29 26.30% NR/NR 0.0010/01/2022 0.00 NR 0.00 0.00 1.60% 9,563,138.29 1.60%1.600% 9,563,138.29 9,563,138.29 26.30% 0.00 9,563,138.29 1.60% 9,563,138.29 1.60% 0.00 0.00 0.00Total LAIF Money Market Funds FGTXX 456,534.58Goldman Sachs Govt MMF 456,534.58 1.00 456,534.58 1.26% Aaa/AAA 0.0010/01/2022 0.00 NR 0.00 1,051.36 2.90% 456,534.58 2.90%2.897% 456,534.58 456,534.58 1.26% 0.00 456,534.58 2.90% 456,534.58 2.90% 1,051.36 0.00 0.00Total Money Market Funds U.S. Agencies 3135G0T78 500,000.00FNMA 11/30/2017 497,400.00 99.99 499,960.00 1.38% Aaa/AA+ 0.0110/05/2022 -32.55 AAA 0.01 4,888.89 2.11% 499,992.55 2.55%2.000% 313384CF4 1,000,000.00FHLB 08/24/2022 984,495.83 98.53 985,290.00 2.72% P-1/A-1+ 0.4002/23/2023 -2,323.99 F1+ 0.40 0.00 3.10% 987,613.99 3.73%0.000% 3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 98.48 1,614,990.00 4.50% Aaa/AA+ 1.4403/08/2024 -22,015.29 AAA 1.38 3,405.28 3.38% 1,637,005.29 4.35%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 96.21 481,035.00 1.38% Aaa/AA+ 1.7507/01/2024 -18,929.92 AAA 1.68 2,375.00 1.90% 499,964.92 4.16%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.25 982,470.00 2.75% Aaa/AA+ 1.8808/15/2024 -15,929.58 AAA 1.78 4,216.67 3.39% 998,399.58 4.28%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 94.75 189,500.00 0.55% Aaa/AA+ 2.0510/16/2024 -9,833.14 AAA 1.96 1,375.00 1.67% 199,333.14 4.21%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.60 477,975.00 1.44% Aaa/AA+ 2.4503/14/2025 -44,902.72 AAA 2.34 560.76 0.49% 522,877.72 4.28%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 89.78 448,885.00 1.38% Aaa/AA+ 2.8708/12/2025 -51,115.00 AAA 2.80 298.61 0.50% 500,000.00 4.33%0.500%02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 98.64 1,972,880.00 5.50% Aaa/AA+ 2.9108/28/2025 -27,120.00 AAA 1.72 6,888.89 4.00% 2,000,000.00 4.50%4.000%11/28/2022 Run Date: 10/6/2022 - 12:45 PM Amortizing 18Lynwood Successor Agency - Page 22 of 35 Holdings Report City of Lynwood September 30, 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. Agencies 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 89.25 446,260.00 1.37% Aaa/AA+ 2.9809/23/2025 -52,230.05 AAA 2.90 41.67 0.48% 498,490.05 4.25%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 88.09 440,455.00 1.38% Aaa/AA+ 4.2512/30/2026 -59,545.00 AAA 3.97 1,731.53 1.37% 500,000.00 4.48%1.370%12/30/2022 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.24 571,422.00 1.65% Aaa/AA+ 4.6405/19/2027 -28,578.00 AAA 2.37 6,600.00 3.00% 600,000.00 4.14%3.000%05/19/2023 3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 97.82 978,180.00 2.75% Aaa/AA+ 4.9008/25/2027 -21,820.00 AAA 2.57 3,487.50 4.05% 1,000,000.00 4.55%4.050%08/25/2023 10,454,086.43 10,089,302.00 28.72% 2.47 10,443,677.25 2.83% 10,440,000.00 4.22% 35,869.80 -354,375.24 1.83Total U.S. Agencies U.S. Treasuries 912828ZD5 500,000.00U.S. Treasury 12/16/2020 504,140.63 98.51 492,540.00 1.38% Aaa/AA+ 0.4503/15/2023 -8,299.25 AAA 0.44 110.50 0.13% 500,839.25 3.81%0.500% 91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 95.59 955,860.00 2.75% Aaa/AA+ 1.1311/15/2023 -44,121.02 AAA 1.09 944.29 0.25% 999,981.02 4.31%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 94.18 470,920.00 1.37% Aaa/AA+ 1.5404/15/2024 -26,704.84 AAA 1.50 865.78 0.69% 497,624.84 4.32%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 94.37 943,710.00 2.81% Aaa/AA+ 2.1711/30/2024 -79,360.75 AAA 2.08 5,040.98 0.43% 1,023,070.75 4.25%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 89.97 449,845.00 1.36% Aaa/AA+ 2.6705/31/2025 -44,402.80 AAA 2.60 420.08 0.69% 494,247.80 4.27%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 88.68 886,760.00 2.73% Aaa/AA+ 3.1711/30/2025 -105,603.36 AAA 3.08 1,260.25 0.62% 992,363.36 4.23%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 88.09 440,470.00 1.36% Aaa/AA+ 3.3401/31/2026 -55,762.40 AAA 3.24 315.90 0.60% 496,232.40 4.24%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 88.34 883,400.00 2.76% Aaa/AA+ 3.6705/31/2026 -118,398.52 AAA 3.53 2,520.49 0.70% 1,001,798.52 4.22%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 88.01 440,060.00 1.36% Aaa/AA+ 4.0009/30/2026 -54,239.29 AAA 3.84 12.02 1.17% 494,299.29 4.16%0.875% 6,506,953.13 5,963,565.00 17.88% 2.48 6,500,457.23 0.56% 6,500,000.00 4.22% 11,490.29 -536,892.23 2.39Total U.S. Treasuries Run Date: 10/6/2022 - 12:45 PM Amortizing 19Lynwood Successor Agency - Page 23 of 35 Holdings Report City of Lynwood September 30, 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 36,395,481.21 35,146,409.65 100.00% 1.79 91,044.99 -1,213,945.78 1.55 3.56% 36,360,355.43 2.13% 36,376,672.87TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 35,237,454.64 Run Date: 10/6/2022 - 12:45 PM Amortizing 20Lynwood Successor Agency - Page 24 of 35 Maturity Report City of Lynwood September 30, 2022 CUSIP Date Purchase Value Book Rate Coupon Date Maturity Par Remaining Term Value Market YTMIssuer Days to Maturity Book FGTXX 2.897% 1Goldman Sachs Govt MMF 456,534.58 10/01/2022 1 2.90% 456,534.58 456,534.58 9819499 1.600% 1LAIF05/18/2020 9,563,138.29 10/01/2022 1 1.60% 9,563,138.29 9,563,138.29 3135G0T78 2.000% 1,765FNMA11/30/2017 499,992.55 10/05/2022 5 2.11% 500,000.00 499,960.00 22533ULG6 0.000% 39Credit Agricole, NY 08/22/2022 498,103.11 11/16/2022 47 2.92% 500,000.00 497,858.02 61747MF63 2.650% 1,722Morgan Stanley Bank 01/12/2018 247,967.11 01/11/2023 103 2.70% 248,000.00 247,296.58 07644BNK4 0.000% 44Bedford Row Funding 08/17/2022 494,890.13 01/19/2023 111 3.36% 500,000.00 494,303.54 59013J5Z8 3.350% 1,381Merrick Bank 12/19/2018 247,954.34 02/21/2023 144 3.41% 248,000.00 247,547.38 313384CF4 0.000% 37FHLB08/24/2022 987,613.99 02/23/2023 146 3.10% 1,000,000.00 985,290.00 912828ZD5 0.500% 653U.S. Treasury 12/16/2020 500,839.25 03/15/2023 166 0.13% 500,000.00 492,540.00 20033AZK5 3.300% 1,554Comenity Capital Bank 06/29/2018 247,914.66 06/29/2023 272 3.40% 248,000.00 245,678.04 38148PR33 3.300% 1,544Goldman Sachs Bank 07/09/2018 247,913.08 07/06/2023 279 3.35% 248,000.00 245,302.52 90331HNV1 3.400% 1,309US Bank 03/01/2019 250,614.28 07/24/2023 297 3.08% 250,000.00 247,990.00 949763TF3 3.300% 1,491Wells Fargo Bank NA 08/31/2018 247,895.61 08/30/2023 334 3.35% 248,000.00 244,711.32 29278TLY4 2.000% 1,096EnerBank09/30/2019 247,881.78 09/27/2023 362 2.05% 248,000.00 241,282.65 91282CAW1 0.250% 435U.S. Treasury 07/22/2021 999,981.02 11/15/2023 411 0.25% 1,000,000.00 955,860.00 89236TFS9 3.350% 1,310Toyota Motor Credit 02/28/2019 250,927.78 01/08/2024 465 3.03% 250,000.00 246,200.00 17312Q3B3 3.000% 1,310Citibank02/28/2019 247,838.34 02/27/2024 515 3.05% 248,000.00 242,289.91 3130A0XE5 3.250% 39FHLB08/22/2022 1,637,005.29 03/08/2024 525 3.38% 1,640,000.00 1,614,990.00 91282CBV2 0.375% 312U.S. Treasury 11/22/2021 497,624.84 04/15/2024 563 0.69% 500,000.00 470,920.00 46625HJX9 3.625% 1,236JPMorgan Chase & Co 05/13/2019 504,895.58 05/13/2024 591 2.97% 500,000.00 491,535.00 3133EKTV8 1.900% 1,186FFCB07/02/2019 499,964.92 07/01/2024 640 1.90% 500,000.00 481,035.00 3133ENG20 3.300% 43FFCB08/18/2022 998,399.58 08/15/2024 685 3.39% 1,000,000.00 982,470.00 32100LCB9 1.850% 1,113First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 714 1.85% 248,000.00 235,666.34 3133EK3B0 1.500% 1,079FFCB10/17/2019 199,333.14 10/16/2024 747 1.67% 200,000.00 189,500.00 912828YV6 1.500% 435U.S. Treasury 07/22/2021 1,023,070.75 11/30/2024 792 0.43% 1,000,000.00 943,710.00 64952WDL4 2.000% 982New York Life 01/22/2020 249,585.16 01/22/2025 845 2.08% 250,000.00 233,817.50 88579YBH3 2.000% 233M09/07/2022 477,126.04 02/14/2025 868 4.04% 500,000.00 467,800.00 3130A4CH3 2.375% 723FHLB10/07/2020 522,877.72 03/14/2025 896 0.49% 500,000.00 477,975.00 30231GBH4 2.992% 830Exxon Mobil 06/22/2020 261,849.43 03/19/2025 901 0.99% 250,000.00 239,830.00 912828ZT0 0.250% 458U.S. Treasury 06/29/2021 494,247.80 05/31/2025 974 0.69% 500,000.00 449,845.00 3136G4H71 0.500% 773FNMA08/18/2020 500,000.00 08/12/2025 1,047 0.50% 500,000.00 448,885.00 27002YFE1 3.300% 43EagleBank08/18/2022 248,000.00 08/18/2025 1,053 3.30% 248,000.00 241,087.34 59217GFC8 4.050% 36MetLife08/25/2022 499,400.09 08/25/2025 1,060 4.09% 500,000.00 484,870.00 3130ASYR4 4.000% 31FHLB08/30/2022 2,000,000.00 08/28/2025 1,063 4.00% 2,000,000.00 1,972,880.00 3137EAEX3 0.375% 710FHLMC10/20/2020 498,490.05 09/23/2025 1,089 0.48% 500,000.00 446,260.00 05580AXF6 0.500% 735BMW Bank 09/25/2020 248,000.00 09/25/2025 1,091 0.50% 248,000.00 221,490.93 Run Date: 10/6/2022 - 12:46 PM Amortizing 21Lynwood Successor Agency - Page 25 of 35 Maturity Report City of Lynwood September 30, 2022 CUSIP Date Purchase Value Book Rate Coupon Date Maturity Par Remaining Term Value Market YTMIssuer Days to Maturity Book 91282CAZ4 0.375% 435U.S. Treasury 07/22/2021 992,363.36 11/30/2025 1,157 0.62% 1,000,000.00 886,760.00 91282CBH3 0.375% 582U.S. Treasury 02/25/2021 496,232.40 01/31/2026 1,219 0.60% 500,000.00 440,470.00 037833BY5 3.250% 36Apple08/25/2022 496,193.92 02/23/2026 1,242 3.49% 500,000.00 479,955.00 856283S98 1.000% 521State Bank of India 04/27/2021 248,000.00 04/27/2026 1,305 1.00% 248,000.00 221,435.12 91282CCF6 0.750% 435U.S. Treasury 07/22/2021 1,001,798.52 05/31/2026 1,339 0.70% 1,000,000.00 883,400.00 02007GUP6 3.350% 85Ally Bank 07/07/2022 248,000.00 07/07/2026 1,376 3.35% 248,000.00 240,748.57 89235MLC3 0.950% 442Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,384 0.95% 248,000.00 219,786.28 90348JR93 0.950% 415UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,411 0.95% 248,000.00 219,154.43 91282CCZ2 0.875% 346U.S. Treasury 10/19/2021 494,299.29 09/30/2026 1,461 1.17% 500,000.00 440,060.00 3130AQEC3 1.370% 274FHLB12/30/2021 500,000.00 12/30/2026 1,552 1.37% 500,000.00 440,455.00 808513BW4 3.300% 171Charles Schwab 04/12/2022 249,463.14 04/01/2027 1,644 3.35% 250,000.00 233,750.00 023135CF1 3.300% 113Amazon06/09/2022 248,131.98 04/13/2027 1,656 3.48% 250,000.00 235,545.00 3130ARTT8 3.000% 134FHLB05/19/2022 600,000.00 05/19/2027 1,692 3.00% 600,000.00 571,422.00 254673L38 3.400% 85Discover Bank 07/07/2022 248,000.00 07/06/2027 1,740 3.40% 248,000.00 240,657.45 14042RST9 3.450% 85Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,741 3.45% 248,000.00 241,192.70 14042TJD0 3.550% 58Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,768 3.55% 248,000.00 242,280.39 61768ELH4 3.500% 57Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,769 3.50% 248,000.00 241,730.68 87164XN93 3.500% 56Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,770 3.50% 248,000.00 241,727.69 02589ADQ2 3.450% 49American Express National Bank 08/12/2022 204,002.54 08/10/2027 1,775 3.56% 205,000.00 199,349.41 3130AT2L0 4.050% 31FHLB08/30/2022 1,000,000.00 08/25/2027 1,790 4.05% 1,000,000.00 978,180.00 Net Maturities and Averages 36,360,355.43 654 2.13% 35,146,409.65 36,376,672.87 Run Date: 10/6/2022 - 12:46 PM Amortizing 22Lynwood Successor Agency - Page 26 of 35 Income Earned Summary City of Lynwood September 30, 2022 Fiscal Year To DateSeptember 30 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 56,858.45 93,304.33 91,044.99 91,044.99 -101,136.19 -74,680.06 46,767.25 109,669.26 4,425.63 2,831.49 0.00 0.00 51,192.88 112,500.75 Run Date: 10/6/2022 - 12:46 PM Amortizing 25Lynwood Successor Agency - Page 27 of 35 Income Earned City of Lynwood September 01, 2022 - September 30, 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 61747MF63 01/11/2023 248,000.00Morgan Stanley Bank 247,957.53 247,967.11 936.28 0.00 1,476.45 540.17 9.58 549.75 59013J5Z8 02/21/2023 248,000.00Merrick Bank 247,944.82 247,954.34 318.66 705.61 295.90 682.85 9.51 692.36 20033AZK5 06/29/2023 248,000.00Comenity Capital Bank 247,905.25 247,914.66 67.27 695.08 44.84 672.65 9.41 682.06 38148PR33 07/06/2023 248,000.00Goldman Sachs Bank 247,903.74 247,913.08 1,278.05 0.00 1,950.71 672.66 9.35 682.01 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,886.23 247,895.61 44.84 695.08 22.42 672.66 9.38 682.04 29278TLY4 09/27/2023 248,000.00EnerBank 247,871.98 247,881.78 67.95 421.26 54.36 407.67 9.80 417.47 17312Q3B3 02/27/2024 248,000.00Citibank 247,828.92 247,838.34 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 08/10/2027 205,000.00American Express National Bank 203,985.68 204,002.54 426.29 0.00 1,007.59 581.30 16.86 598.16 Certificates of Deposit - Sub Total 4,917,000.00 4,915,284.15 4,915,367.45 13,480.60 6,350.16 17,944.28 10,813.84 83.30 10,897.14 Commercial Paper 22533ULG6 11/16/2022 500,000.00Credit Agricole, NY 496,907.24 498,103.11 0.00 0.00 0.00 0.00 1,195.87 1,195.87 07644BNK4 01/19/2023 500,000.00Bedford Row Funding 493,530.62 494,890.13 0.00 0.00 0.00 0.00 1,359.51 1,359.51 Commercial Paper - Sub Total 1,000,000.00 990,437.86 992,993.24 0.00 0.00 0.00 0.00 2,555.37 2,555.37 Corporate Bonds 90331HNV1 07/24/2023 250,000.00US Bank 250,674.87 250,614.28 873.61 0.00 1,581.94 708.33 -60.59 647.74 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 250,988.55 250,927.78 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 505,139.10 504,895.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 01/22/2025 250,000.00New York Life 249,570.70 249,585.16 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 02/14/2025 500,000.003M 0.00 477,126.04 0.00 -638.89 1,305.56 666.67 616.04 1,282.71 30231GBH4 03/19/2025 250,000.00Exxon Mobil 262,235.97 261,849.43 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 Run Date: 10/6/2022 - 12:46 PM Amortizing 26Lynwood Successor Agency - Page 28 of 35 Income Earned City of Lynwood September 01, 2022 - September 30, 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 Corporate Bonds 59217GFC8 08/25/2025 500,000.00MetLife 499,383.44 499,400.09 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 496,103.67 496,193.92 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 04/01/2027 250,000.00Charles Schwab 249,453.54 249,463.14 3,437.50 0.00 4,125.00 687.50 9.60 697.10 023135CF1 04/13/2027 250,000.00Amazon 248,098.80 248,131.98 3,162.50 0.00 3,850.00 687.50 33.17 720.67 Corporate Bonds - Sub Total 3,500,000.00 3,011,648.64 3,488,187.39 18,750.38 3,101.11 24,689.26 9,039.99 28.76 9,068.75 LAIF 9819499 10/01/2022 9,563,138.29LAIF 9,563,138.29 9,563,138.29 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,563,138.29 9,563,138.29 9,563,138.29 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX 10/01/2022 456,534.58Goldman Sachs Govt MMF 876,186.13 456,534.58 10,444.68 10,444.68 1,051.36 1,051.36 0.00 1,051.36 Money Market Funds - Sub Total 456,534.58 876,186.13 456,534.58 10,444.68 10,444.68 1,051.36 1,051.36 0.00 1,051.36 U.S. Agencies 3135G0T78 10/05/2022 500,000.00FNMA 499,947.85 499,992.55 4,055.56 0.00 4,888.89 833.33 44.70 878.03 313384CF4 02/23/2023 1,000,000.00FHLB 985,102.14 987,613.99 0.00 0.00 0.00 0.00 2,511.85 2,511.85 3130A0XE5 03/08/2024 1,640,000.00FHLB 1,636,837.63 1,637,005.29 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 07/01/2024 500,000.00FFCB 499,963.31 499,964.92 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 998,330.82 998,399.58 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,306.86 199,333.14 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 523,628.23 522,877.72 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 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 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 222.22 0.00 6,888.89 6,666.67 0.00 6,666.67 3137EAEX3 09/23/2025 500,000.00FHLMC 498,449.24 498,490.05 822.92 937.50 41.67 156.25 40.81 197.06 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 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 5,100.00 0.00 6,600.00 1,500.00 0.00 1,500.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 1,000,000.00 1,000,000.00 112.50 0.00 3,487.50 3,375.00 0.00 3,375.00 U.S. Agencies - Sub Total 10,440,000.00 10,441,566.10 10,443,677.25 46,861.46 33,525.00 35,869.80 22,533.34 2,111.15 24,644.49 U.S. Treasuries 912828ZD5 03/15/2023 500,000.00U.S. Treasury 500,990.92 500,839.25 1,154.89 1,250.00 110.50 205.61 -151.67 53.94 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,979.64 999,981.02 740.49 0.00 944.29 203.80 1.39 205.19 Run Date: 10/6/2022 - 12:46 PM Amortizing 27Lynwood Successor Agency - Page 29 of 35 Income Earned City of Lynwood September 01, 2022 - September 30, 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 U.S. Treasuries 91282CBV2 04/15/2024 500,000.00U.S. Treasury 497,498.28 497,624.84 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,023,944.65 1,023,070.75 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 912828ZT0 05/31/2025 500,000.00U.S. Treasury 494,070.63 494,247.80 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 992,165.35 992,363.36 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 01/31/2026 500,000.00U.S. Treasury 496,139.67 496,232.40 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,838.82 1,001,798.52 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 494,182.23 494,299.29 1,840.85 2,187.50 12.02 358.67 117.06 475.73 U.S. Treasuries - Sub Total 6,500,000.00 6,500,810.18 6,500,457.23 11,599.07 3,437.50 11,490.29 3,328.72 -352.95 2,975.77 36,376,672.87Grand Total 36,299,071.35 36,360,355.43 101,136.19 56,858.45 91,044.99 46,767.25 4,425.63 51,192.88 Run Date: 10/6/2022 - 12:46 PM Amortizing 28Lynwood Successor Agency - Page 30 of 35 Realized Gains and Losses City of Lynwood September 01, 2022 - September 30, 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: 10/6/2022 - 12:46 PM 29Lynwood Successor Agency - Page 31 of 35 Transaction Report City of Lynwood September 01, 2022 - September 30, 2022 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/02/2022 Interest FGTXX GSGF - - 10,444.68 - - 09/07/2022 Purchase 88579YBH3 MMM 2 02/14/25 02/14/2025 -476,510.00 - -638.89 - - 09/08/2022 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 - - 26,650.00 - - 09/12/2022 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 200.10 - - 09/13/2022 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,312.85 - - 09/14/2022 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 09/15/2022 Interest 912828ZD5 T 0 1/2 03/15/23 03/15/2023 - - 1,250.00 - - 09/19/2022 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 - - 695.08 - - 09/19/2022 Interest 59013J5Z8 MERICK 3.35 02/21/23 02/21/2023 - - 705.61 - - 09/19/2022 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 09/23/2022 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 09/26/2022 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 625.10 - - 09/27/2022 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 421.26 - - 09/29/2022 Interest 20033AZK5 ADS 3.3 06/29/23 06/29/2023 - - 695.08 - - 09/30/2022 Interest 949763TF3 WFC 3.3 08/30/23 08/30/2023 - - 695.08 - - 09/30/2022 Interest 91282CCZ2 T 0 7/8 09/30/26 09/30/2026 - - 2,187.50 - - Grand Total:-476,510.00 0.00 56,858.45 0.00 0.00 Run Date: 10/6/2022 - 12:46 PM Amortizing 30Lynwood Successor Agency - Page 32 of 35 GLOBAL MARKET & ECONOMIC OUTLOOK - SEPTEMBER 2022 The U.S. economy entered the second half of 2022 on a less-shaky footing than initially estimated. U.S. GDP contracted at a 0.6% annual rate from April to June, compared with an initial estimate of a 0.9% decline. One factor was an upward revision of consumer spending, which accounted for the bulk of U.S. economic output. Still, the new GDP figures offered fresh evidence that the housing market has struggled under the weight of rising borrowing costs. Other recent economic figures pointed to a slowdown: An S&P Global purchasing managers index that measures activity in manufacturing and services was 45.0 in August, down from 47.7 in July, indicating a contraction. Business and consumer spending has also cooled. New orders for durable goods were unchanged in July compared with the prior month. Moreover, retail sales were flat in July. There are signs that the U.S. labor market has remained strong: employers added 528,000 jobs in July and 315,000 in August, completing the recouping of the 22 million positions lost in the early months of 2020. The U.S. unemployment rate fell to 3.5%, matching a 50-year low. The strong labor market - and wage pressures that it has created - will continue to drive inflation. Overall, the U.S. economic recovery has followed an unusual trajectory, with weakening output but strong job gains. The Federal Reserve has been increasing interest rates as it works to curb inflation without severely cutting output. Housing: It has become increasingly apparent that the housing sector is in a downturn. Real residential investment fell 16.2% in Q2, more than any other major sub-component of overall GDP. The plummet in residential investment has reflected the recent pullback in home buying brought on by higher mortgage rates. Aside from May's modest gain, new home sales have fallen in each month of 2022 so far. Continued weakness in pending home sales would suggest that home sales have further to fall. Existing home sales fell for a sixth-straight month to the lowest level in over two years. The near doubling in mortgage rates over the past year has more clearly started to weigh on prices. With sale prices under pressure, builders have continued to scale back plans for new construction. If there is a modicum of good news for the housing sector, it is that mortgage rates have come down slightly in recent weeks. Builders have also moved forward with multifamily units, limiting the total hit to housing supply from single-family construction declining under the weight of reduced affordability. Labor market: The labor market has performed better than expected. U.S. employers added a robust 528,000 jobs in July and 315,000 in August, helping the economy recoup the 22 million positions lost early in the pandemic, as hirers clamored for workers despite a slowdown in economic growth. The unemployment rate dropped to 3.5% last month, a half-century low also seen just before the pandemic in early 2020. Monthly job growth has averaged around 500,000 through the first eight months of the year, while the unemployment rate has continued to drift lower. Labor demand have remained near historic highs, while the pool of available workers has continued to shrink – as evidenced by the core working age participation rate nearing pre-pandemic levels. Combined with slowing economic growth, this should give way to a weaker pace of hiring over the coming months, leading to a gradual increase in the unemployment rate. Lynwood Successor Agency - Page 33 of 35 Inflation: U.S. inflation eased slightly but remained close to a four-decade high in July despite cooling energy prices. The consumer price index rose 8.5% in July from the same month a year ago, down from 9.1% in June. Core CPI increased 5.9% from the same month a year ago, a sign that broad price pressures have remained in the economy. The drop in inflation can be attributed primarily to lower commodity prices throughout July. Energy, agriculture, and precious metals prices all softened last month, which alleviated upward pressure on inflation. Many of the underlying causes of excessive inflation are the same as they have been over the past year or so—supply chain issues, including those related to China’s COVID containment policies, constrained housing supply, ongoing conflicts in Ukraine, fiscal stimulus, and limited domestic energy production. With the FOMC dropping its forward guidance and moving to a data-dependent "meeting-by-meeting" assessment, July’s inflation data alongside the strong employment report will give policymakers incentive to raise rates by 50-75 bps at its next meeting in September. Monetary Policy: The Federal Reserve has been confronted with the challenge of tightening monetary policy enough to reduce inflation without quashing growth. July’s job report showed the economy still firing on many cylinders, making it more likely central bank officials would raise rates to higher levels and keep rates at those levels for longer to cool the economy. The behavior of wages has been particularly important to the Fed right now because of concerns that companies are raising wages because they can pass higher labor costs onto consumers as a result of the current inflationary environment. A slowdown in inflation in July, following recent indications of a robust labor market, has complicated the Federal Reserve’s decision on how much to raise interest rates in September. July’s inflation report kept the Fed’s door open to a half-point rate increase in September if subsequent data confirmed price pressures were easing. But a 0.75-point rise could remain possible after recent reports of accelerating growth in jobs and wages have pointed to significant income gains that could sustain stronger spending and higher prices. Global: Global growth has been marked down in 2022 to 2.9%. The outlook for 2023 has also deteriorated, with output expected to advance 2.7%. The downward revisions have mostly been attributed to the ongoing supply shock from the war in Ukraine. The combined effects of supply chain pressures and high commodity prices have compressed margins and fueled inflation. The tremendous geopolitical uncertainty underlying these strains is unlikely to be resolved in the coming months. Consumer sentiment has soured around the world as surging costs for essentials e.g., food, energy, and shelter, have cut into household budgets. Rapidly tightening financial conditions have raised debt burdens and clouded prospects, especially for 2023. Although the summer months are likely to bring a burst of activity with fewer public health restrictions allowing for access to more services, the growing squeeze on disposable incomes and less optimism about the future will see household purse strings tighten come fall and winter. In China, COVID has continued to dictate the economic trajectory. The target of roughly 5.5% growth in 2022 looked to be out of reach as the Zero-COVID policy led to lockdowns in multiple cities in the spring. Moreover, the risk of another wave of infections has loomed as the virus continues to circulate globally. The current gloomy mood has naturally placed the focus on downside risks to the global outlook. However, some meaningful upside risks are notable. European nations have enacted fiscal measures to Lynwood Successor Agency - Page 34 of 35 offset the cost-of-living crunch – thereby insulating real incomes. As monetary policy has continued to tighten and demand for core goods have eased, this could set in motion a “bull-whip” effect whereby goods inflation would ease substantially more than anticipated. This in turn could mitigate the likelihood that policymakers would resort to truly restrictive interest rates. As labor markets have continued to be very tight, a scenario of slowing core inflation and insulated real incomes could set the stage for a rebound in consumer sentiment and a less severe slowdown in spending. Outlook: Both the U.S. and global economic outlooks have dimmed over the past quarter. U.S. inflation is running close to a 40-year high, while unemployment is at half-century lows. Global economies are reeling from the effect of multiple shocks—the coronavirus pandemic, a massive fiscal and monetary policy response, and the fallout from Russia’s war in Ukraine. Central bankers could soon confront difficult trade-offs between bringing down inflation and preventing a large rise in unemployment. The higher interest rates required to fight inflation will further cool demand. The U.S. could see substantial downgrades to economic growth, as interest-rate-sensitive sectors bear the brunt of the markdowns. Growth is expected to fall meaningfully below its long-run trend pace, and unemployment rates would rise from their current low levels. A recession is not necessarily in the cards, but with growth close to stall speed, there is a very thin margin for error if another shock hits economies. Higher interest rates are needed to control inflation from getting out of control throughout much of the world, fanned by the knock-on effects of the war in Ukraine on commodity prices. The path of the conflict could remain highly uncertain, but six months in, it is clear that Russian energy will be constrained on international markets for quite some time, prolonging high-energy prices. With all this uncertainty, monetary authorities have their work cut out for them trying to reduce excess demand for goods and services as well as labor, without snuffing out the economy’s growth entirely. U.S. growth is expected to slow towards year-end as the monetary pendulum swings from accommodative to outright restrictive by later this fall. Growth is expected to decelerate to 0.9% on a Q4/Q4 basis and average 2.2% for 2022 – a marked slowdown from last year’s 5.7%. ATLANTIC UNION BANK Lynwood Successor Agency - Page 35 of 35