Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My Public Portal
About
2023-11-07-Lynwood_Agenda_Regular
This 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@LYNWOODCA.GOV 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 City Council Regular Meeting TO BE HELD ON November 7, 2023 COUNCIL CHAMBERS - 11350 BULLIS ROAD. 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 11/4/23 by MQ 6:00 PM 1. CALL TO ORDER 2. CERTIFICATION OF AGENDA POSTING BY CITY CLERK 3. ROLL CALL OF COUNCIL MEMBERS Oscar Flores, Mayor Rita Soto, Mayor Pro Tem Gabriela Camacho, Council Member Juan Munoz -Guevara, Council Member Jose Luis Solache, Council Member 4. PLEDGE OF ALLEGIANCE 5. INVOCATION City Council Regular Meeting 1 6. PRESENTATIONS/PROCLAMATIONS • Update on Law Enforcement Issues • City Council Members Reporting on Meetings Attended (Gov. Code Section 53232.3 (D)). • City Video(s) 7. COUNCIL RECESS TO: • Lynwood Successor Agency • Lynwood Housing Authority • Lynwood Public Financing Authority PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NON -AGENDA PUBLIC ORAL COMMUNICATIONS THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE COUNCIL ON ITEMS WITHIN THE JURISDICTION OF THE COUNCIL AND NOT LISTED ON THE AGENDA. IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO SUBSTANTIAL DISCUSSION OF THE ISSUE BY THE COUNCIL, BUT COUNCIL 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).) 8. PUBLIC HEARING 8.1 CONTINUATION OF PUBLIC HEARING REGARDING A PROPOSED FIVE-YEAR WATER AND SEWER RATE ADJUSTMENT FOR ALL CUSTOMERS FOR FISCAL YEAR 2023-2024 THROUGH FISCAL YEAR 2027-2028 Comments: The City Council has reviewed the current water and sewer rate structures and determined that rate increases are necessary to recover sufficient revenues to operate and maintain the City's water and sewer systems. (PW) Recommendation: Staff recommends that the City Council re -open the Public Hearing that was continued on August 15, 2023, and after considering all oral statements and all written protests made or filed by any interested person, to close the public hearing and approve the following actions: 1. Receive and File the City of Lynwood 2023 Water and Sewer Rate Study; and 2. Adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING WATER AND SEWER RATES AND RELATED FEES FOR THE CITY OF LYNWOOD FOR FISCAL YEAR 2023-2024 THROUGH FISCAL YEAR 2027-2028 AS ORDERED BY THE CITY COUNCIL ON City Council Regular Meeting 2 NOVEMBER 07, 2023"; and 3. Consideration of an emergency utility relief program for residents' utility infrastructure repairs or replacement with a City grant of up to $5,000 or 50%, whichever is greater; with an annual budgeted amount of $50,000 to come from retail cannabis revenues; and 4. Consideration of a water conservation incentive program with an annual budgeted amount of $25,000 to come from retail cannabis revenues. 9. ORDINANCES 9.1 APPROVAL OF A JOINT POWERS AGREEMENT FOR CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA AND AUTHORIZATION FOR IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION PROGRAM, INTRODUCTION AND FIRST READING OF ORDINANCE NO. 2023-XX. Comments: Clean Power Alliance (CPA) is a Joint Powers Authority that was established to provide cost -competitive electrical services, reduce greenhouse gas emissions through the availability of renewable electricity, stimulate renewable energy reduction programs, and sustain long-term rate stability for residents and businesses through local control. CPA Board of Directors approved Resolution 23-10-056, inviting the City of Lynwood to become a member of CPA's Joint Powers Authority, with electricity service to customers within the City's jurisdiction to begin in 2025. (PW) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE JOINT POWERS AGREEMENT FOR CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA AND AUTHORIZING THE IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION PROGRAM. 10. 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. 10.1 APPROVAL OF THE WARRANT REGISTER Comments: City of Lynwood warrant register dated November 07,2023 for FY2023-2024. (FIN) Recommendation: Staff respectfully recommends that the City Council of the City of Lynwood approve the warrant register dated November 07 2023 for FY 2023-2024 City Council Regular Meeting 3 10.2STALE DATED CHECKS Comments: With City Council's authorization to publish the list of stale dated checks and transfer the unclaimed monies to the General Fund Revenue account. (FIN) Recommendation: Staff recommends that City Council adopt the attached entitled "A RESOLUTON OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PUBLICATION OF NOTICE OF STALE DATED CHECKS AND TRANSFER OF UNCLAIMED FUNDS TO THE GENERAL FUND REVENUE ACCOUNT" 10.3PREVIOUS MEETING MINUTES Comments: The purpose of this item is to present action minutes of previous meetings for City Council review and approval. (CC) Recommendation: Staff recommends that the Lynwood City Council approve the following meeting minutes: • June 06, 2023 Regular Meeting • June 20, 2023 Regular Meeting 10.4CITY CLERK'S QUARTERLY REPORT Comments: The purpose of this item is to have the Lynwood City Council review the City Clerk's Quarterly City Council Actions Report. The following information provided in this report is a summary of the agenda items presented to the City Council during the fiscal quarter ending September 30, 2023. (CC) • 1 Resolution with An Agreement or Contract Considered Approved and Adopted • 24 Resolutions Considered Approved and Adopted • 3 Reports Received and Filed • 1 Ordinance Approved and Adopted • 6 Agreements Approved • 4 Miscellaneous Items Considered Recommendation: It is recommended that Lynwood City Council receive and file the attached informational quarterly report. The information provided in this report highlights a summary of agenda items presented to the City Council for consideration during the fiscal quarter ending September 30, 2023. 10.5FIRST QUARTER FINANCIAL REPORT, FISCAL YEAR 2023-24 City Council Regular Meeting 4 Comments: The Finance & Administration Department has prepared the attached quarterly financial status report for the City of Lynwood's General Fund. The quarterly report provides a brief overview of the City finances as it pertains to the General Fund for quarter ending September 30, 2023. A brief explanation is included along with Revenue and Expenditures actual activity. (FIN) Recommendation: Staff recommends that the City Council receive and file this report. 10.6TREASURER'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 1st quarter ending September 30, 2023. 10.7APPROVAL FOR ADVERTISEMENT FOR THE LYNWOOD CITYWIDE MONUMENTS PROJECT (CIP NO. 4011.68.117) Comments: On October 3, 2023, the Lynwood Monuments Project bid opening took place and City Council rejected all bids on the October 17th City Council Meeting. The project Is ready to be advertised again for construction and with City Council's approval staff will publish a Notice Inviting Bids on the City's Website. (PW) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE ADVERTISEMENT OF THE NOTICE INVITING BIDS FOR THE LYNWOOD CITYWIDE MONUMENTS PROJECT (CIP NO. 4011.68.117)" 10.8REQUEST FOR ADDITIONAL APPROPRIATION FOR FERNWOOD AVENUE PARK PROJECT (4011.68.037) FROM 2019 LEASE REVENUE BONDS Comments: City Council Regular Meeting 5 On February 1, 2022, the City Council awarded a contract for the Fernwood Avenue Park Project to California Landscape and Design, Inc. The construction project was carried forward into Fiscal Year 2023 - 2024 and is near completion. The current carried forward budget of $368,000 is not sufficient to complete this project. An additional appropriation in the amount of $300,000 is needed to complete this Project. (PW) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $300,000 TO THE FERNWOOD AVENUE PARK PROJECT FROM 2019 LEASE REVENUE BONDS." 10.9 REQUEST FOR ADDITIONAL APPROPRIATION FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND ATLANTIC AVE. FY 2022-2023 PROJECT NO. 4011.68.073 FEDERAL ID: HSIP-5250 (031) Comments: On October 4, 2022, the City Council awarded a contract for the HSIP Cycle 9 — Imperial Highway and Atlantic Avenue (CIP No. 4011.68.073). The construction project was carried forward into Fiscal Year 2023 — 2024. The current carried forward budget of $175,000 is not sufficient to complete this project. An additional appropriation in the amount of $260,000 is needed to complete this Project. (PW) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPOPRIATION OF $260,000 FROM 2017 LEASE REVENUE BONDS (FUND 9053) TO THE PROJECT FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND ATLANTIC AVE. FY 2022-2023 PROJECT NO. 4011.68.073 FEDERAL ID: HSIP-5250 (031)." 10.1IREQUEST FOR ADDITIONAL APPROPRIATION FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF ATLANTIC AVE AND CARLIN AVE. FY 2022-2023 PROJECT NO. 4011.68.075 FEDERAL ID: HSIP-5250 (029) Comments: On October 4, 2022, the City Council awarded a contract for the HSIP Cycle 9 - Atlantic Avenue and Carlin Avenue (CIP No. 4011.68.075). The construction project was carried forward into Fiscal Year 2023 — 2024. The current carried forward budget of $210,000 is not sufficient to complete this project. An additional appropriation in the amount of $290,000 is needed to complete this Project. (PW) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A City Council Regular Meeting 6 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $290,000 FROM 2017 LEASE REVENUE BONDS (FUND 9053) TO THE PROJECT FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF ATLANTIC AVE AND CARLIN AVE. FY 2022-2023 PROJECT NO. 4011.68.075 FEDERAL ID: HSIP-5250 (029)." 10.11 APPROVAL OF AN AMENDMENT TO THE TERMS AND AN EXTENSION TO THE AGREEMENT WITH MUNITEMPS INC. TO CONTINUE TO PROVIDE TEMPORARY STAFFING SERVICES IN THE CITY CLERK'S OFFICE Comments: The City contracts with MuniTemps to provide temporary staffing services. The services provided by MuniTemps has enabled the City Clerk's office to catch up on day-to-day assignments and provided the necessary services as required by the municipal clerk. (CC) Recommendation: Staff recommends that the City Council approve and adopt the attached resolution entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING AN AMENDMENT TO THE TERMS AND AN EXTENSION TO THE AGREEMENT WITH MUNITEMPS TO PROVIDE TEMPORARY STAFFING SERVICES AND APPROVING AN APPROPRIATION IN THE AMOUNT OF $75,000 FROM THE UNASSIGNED GENERAL FUND". 10.12 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENTS BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICPAL EMPLOYEES (AFSCME), LOCAL 1920, FOR FISCAL YEARS 2023 — 2027 Comments: Staff recommends that the City Council approve the attached resolution adopting the proposed MOU and Side Letter Agreements (Exhibits A -D) between the City of Lynwood and LEA/AFSCME Local 1920 bargaining unit. (HR) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENTS BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY City Council Regular Meeting 7 AND MUNICPAL EMPLOYEES (AFSCME), LOCAL 1920, FOR FISCAL YEARS 2023 — 2027" 10.13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) FOR FISCAL YEARS 2023 — 2027 Comments: Staff recommends that the City Council approve the attached resolution adopting the proposed MOU and Side Letter Agreement (Exhibits A and B) between the City of Lynwood and The Lynwood Employees' Management Group (LEMG) bargaining unit. (HR) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) FOR FISCAL YEARS 2023 — 2027" 10.14 A RESOLUTION OF THE CITY COUNCIL AND THE CITY OF LYNWOOD AMENDING AND UPDATING THE CITY'S CLASSIFICATION/COMPENSATION PLAN UPON APPROVAL OF THE PROPOSED MEMORANDUM OF UNDERSTANDINGS (MOU) BETWEEN THE CITY OF LYNWOOD, THE LYNWOOD EMPLOYEE'S MANAGEMENT GROUP (LEMG), AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES (AFSCME), LOCAL 1920, IN ACCORDANCE WITH THE CITY'S PERSONNEL RULES AND REGULATIONS Comments: Staff recommends the City Council adopts the proposed resolution amending the City's Classification/Compensation Plan (Salary Schedule, Exhibit A) in accordance with the City's Personnel Rules and Regulations, to reflect the tentative agreements reached with both the LEA and LEMG resulting in new Memorandum of Understanding and Side Letter Agreements for each respective bargaining unit. (HR) Recommendation: City Council Regular Meeting 8 Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL AND THE CITY OF LYNWOOD AMENDING AND UPDATING THE CITY'S CLASSIFICATION/COMPENSATION PLAN UPON APPROVAL OF THE PROPOSED MEMORANDUM OF UNDERSTANDINGS (MOU) BETWEEN THE CITY OF LYNWOOD, THE LYNWOOD EMPLOYEE'S MANAGEMENT GROUP (LEMG), AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES (AFSCME), LOCAL 1920, IN ACCORDANCE WITH THE CITY'S PERSONNEL RULES AND REGULATIONS" 10.15APPROVING THE SECOND AMENDED AND RESTATED EMPLOYMENT SERVICES AGREEMENT FOR THE POSITION OF CITY MANAGER Comments: The City Manager's employment agreement requires the City Council to perform an annual employee evaluation and to simultaneously consider the City Manager's compensation and benefits. (CA) Recommendation: Staff recommends that the City Council of the City of Lynwood approve: "A RESOLUTION OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, APPROVING THE SECOND AMENDED AND RESTATED EMPLOYMENT SERVICES AGREEMENT FOR THE POSITION OF CITY MANAGER." 11. NEW/OLD BUSINESS 11.1 ESTABLISHING A CITY COUNCIL DISCRETIONARY FUND AND APPROVING A CORRESPONDING APPROPRIATION TO BE UTILIZED BY THE CITY COUNCL FOR A PUBLIC BENEFIT Comments: City Council Members play a vital role in representing the interests of our community. Their ability to respond effectively to emerging needs and the opportunities can be limited by budget constraints and procedural requirements. A discretionary fund would offer City Council Members the flexibility to support programs and activities necessary to meet the public and social needs of the Lynwood community, including but not limited to health and social services, public safety, welfare, at -risk youth diversion, recreation and community promotion programs and/or activities. (CM) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING A CITY COUNCIL DISCRETIONARY FUND AND AUTHORIZING AN APPROPRIATION City Council Regular Meeting 9 OF $3,000 PER COUNCIL MEMBER" 11.2 FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH RAMBOLL, INC. TRIANGLE SITE — DTSC-ECRG GRANTS Comments: City Council to consider the approval of a First Amendment to the Professional Services Agreement with RamboII for environmental studies and services required to proceed with the proposed affordable housing project and commercial development at a location commonly known as the Alameda Triangle funded by the DTSC-ECRG Grant. (CD) Recommendation: Staff recommends that the City Council adopt the following resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA AUTHORIZING A FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH RAMBOLL FOR ENVIRONMENTAL STUDIES AND SERVICES REQUIRED TO PROCEED WITH PROPOSED AFFORDABLE HOUSING PROJECT(S) AND COMMERCIAL DEVELOPMENT AT A LOCATION COMMONLY KNOWN AS THE ALAMEDA TRIANGLE FUNDED BY THE DTSC-ECRG GRANTS" 12. CITY COUNCIL ORAL AND WRITTEN COMMUNICATION 13. STAFF ORAL COMMENTS ADJOURNMENT THE NEXT REGULAR MEETING WILL BE HELD ON NOVEMBER 21, 2023 AT 6:00 P.M. IN THE COUNCIL CHAMBERS OF THE CITY HALL ANNEX, 11350 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA. City Council Regular Meeting 10 Agenda Item # 8.1. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: SUBJECT: Julian Lee, Director of Public Works CONTINUATION OF PUBLIC HEARING REGARDING A PROPOSED FIVE-YEAR WATER AND SEWER RATE ADJUSTMENT FOR ALL CUSTOMERS FOR FISCAL YEAR 2023-2024 THROUGH FISCAL YEAR 2027-2028 Recommendation: Staff recommends that the City Council re -open the Public Hearing that was continued on August 15, 2023, and after considering all oral statements and all written protests made or filed by any interested person, to close the public hearing and approve the following actions: 1. Receive and File the City of Lynwood 2023 Water and Sewer Rate Study; and 2. Adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING WATER AND SEWER RATES AND RELATED FEES FOR THE CITY OF LYNWOOD FOR FISCAL YEAR 2023-2024 THROUGH FISCAL YEAR 2027-2028 AS ORDERED BY THE CITY COUNCIL ON NOVEMBER 07, 2023"; and 3. Consideration of an emergency utility relief program for residents' utility infrastructure repairs or replacement with a City grant of up to $5,000 or 50%, whichever is greater; with an annual budgeted amount of $50,000 to come from retail cannabis revenues; and 4. Consideration of a water conservation incentive program with an annual budgeted amount of $25,000 to come from retail cannabis revenues. City Council City Council Regular Meeting 11 Background: In order to comply with the Proposition 218 rule, the rate adjustment requires forty-five (45) day public notice and a public hearing to be set at council meeting. The public notice was published in English and Spanish and presents proposed rate adjustment for each system, methodology that complies with the Proposition 218 rule, the proposed revenue and rate adjustments per system, and procedure to protest the adjustment. (Attachment B) On August 15, 2023, the City Council of Lynwood approved a continuation of Public Hearing Item #08.1 to November 07, 2023. Discussion and Analysis: The primary goal of the Water & Sewer Rate Study is to help the City establish rate structures that achieve the objectives of revenue stability, equitable cost recovery, and ratepayer affordability. The study considers the legal framework in developing the rates to ensure that the calculated cost of service rates provide a fair and equitable allocation of costs to the different customer classes. Article XIII C (Proposition 26), Article XIII D, Section 6 (Proposition 218), and Article X, Section 2 of the California Constitution govern the principles applicable to the rate study. At the December 12, 2022 Council meeting, the City Council approved Robert D. Niehaus, Inc. (RDN) to review and prepare a Water and Sewer Rate Study. The recommendations were developed utilizing the City's customer usage data, billing records, accounting, operating and management records, capital improvement plan, debt ratios, and reserve policies. Based on the provided data, key assumptions were made for the study using appropriate resources, RDN's statistical/econometric analyses, data, plans, comparative examples, and industry expertise. Of note and relevance, the City has received communications from S&P Global - Ratings, United States Public Finance/Utility Revenues Division, examining the revenue shortfall and its impact on the utility bond covenant. Without a mechanism to address the revenue shortfall the City's bond ratings maybe negatively affected. The resulting rates form an equitable rate structure which is based on the actual cost to provide service for each customer. City Council City Council Regular Meeting 12 Proposed Water Rate Adjustments The rates for the fixed monthly charge are established based on the size of the meter at the property receiving water service and are calculated to recover a significant portion of the City's fixed costs, such as water facilities repairs and maintenance, and a percentage of water delivery costs. The relative rates between meter sizes are based on the overall capacity differences between each meter. Proposed Water Revenue Adjustments FY 2023-24 to FY 2027-28 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Recommended Rate Adjustment 14.5% 6.0% 6.0% 6.0% 5.0% Variable Charges Current FY 2024 FY 2025 FY 2026 FY 2027 All Use, per hcf $4.23 $4.76 $5.04 $5.35 $5.67 FY 2028 $5.95 Fixed Charges Meter Size Current 1FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Domestic Water Service 3/4 -in $37.68 $40.84 $43.29 $45.89 $48.64 $51.07 1 -in $50.68 $62.51 $66.26 $70.24 $74.45 $78.18 1 1/2 -in $83.00 $116.21 $123.18 $130.57 $138.41 $145.33 2 -in $121.90 $180.90 $191.76 $203.26 $215.46 $226.23 3 -in $225.78 $331.96 $351.88 $373.00 $395.38 $415.14 4 -in $342.50 $547.72 $580.58 $615.42 $652.34 $684.96 6 -in $666.60 $1,086.62 $1,151.82 $1,220.93 $1,294.19 $1,358.90 8 -in $1,185.38 $1,733.57 $1,837.58 $1,947.84 $2,064.71 $2,167.94 10 -in N/A $2,488.55 $2,637.86 $2,796.14 $2,963.90 $3,112.10 Fire Service Line 3/4 -in N/A $23.89 $25.33 $26.85 $28.46 $29.88 1 -in $25.94 $34.21 $36.27 $38.44 $40.75 $42.79 1 1/2 -in $33.66 $59.78 $63.37 $67.17 $71.20 $74.76 2 -in $42.94 $90.59 $96.02 $101.78 $107.89 $113.28 3 -in $67.76 $162.51 $172.26 $182.60 $193.56 $203.23 4 -in $95.58 $265.25 $281.16 $298.03 $315.91 $331.71 6 -in $172.94 $521.85 $553.16 $586.35 $621.53 $652.60 8 -in $296.74 $829.89 $879.68 $932.46 $988.41 $1,037.83 10 -in $466.96 $1,189.37 $1,260.74 $1,336.38 $1,416.56 $1,487.39 Proposed Sewer Rate Adjustments City Council City Council Regular Meeting 13 The City's rate structure for the sewer service fees consist of a fixed charge per connection based on customer class. No changes were made to the underlying sewer rate structure beyond revenue adjustments. Sewer revenue increases are designed to keep up with inflation impacting the City's operations and maintenance costs, and renewal and replacement funding needs. Rates for all customers are based on a fixed bi-monthly charge. Proportionality of sewer rates are ensured through the application of relative sewer strengths and flows. Customer service costs are applied evenly to all customers because they are incurred at an equal amount regardless of the differences in sewer strength or flow. Proposed Sewer Revenue Adjustments FY 2023-24 to FY 2027-28 Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Recommended Rate 4% 4% 4% 4% 4% Adjustment Residential $34.54 $36.38 $37.84 $39.35 $40.93 $42.56 Commercial $184.70 $189.88 $197.47 $205.37 $213.59 $222.13 On November 2, 2023, Mayor Pro Tem Rita Soto and Councilmember Juan Munoz -Guevara as part of the Finance Committee reviewed the City of Lynwood 2023 Water and Sewer Rate Study and the proposed rate and revenue adjustments. Upon evaluation all the pertinent data related to the proposed water and sewer rate and revenue adjustments, the Committee recommended for the city to develop and to implement an emergency utility relief program for the residents in a financial need by dedicating a portion of the retail cannabis revenues. This program will assist those customers that experience an unexpected cost associated with the repair and/or replacement of the utility infrastructure that is currently the customers' financial responsibility. In addition, the Finance Committee recommended that the city to allocate monies from the retail cannabis revenues for the water conservation incentive program. Fiscal Impact: The rate and revenue adjustments will accomplish the City's goals of capital and reserve funding as well as maintaining debt service coverage ratios. Coordinated With: City Attorney's Office City Council City Council Regular Meeting 14 Department of Finance and Administration ATTACHMENTS: Description D 2023 Lynwood Water and Sewer Rate Study Final Report.pdf D 11-07-23 Continuation of Public Hearing Approval of Water and Sewer Rates - Prop 218 v4.pdf D 11-07-23 Continuation of Public Hearing Approval of Water and Sewer Rates (Resolution) - PWD.docx City Council City Council Regular Meeting 15 CITY OF LYNWOOD 2023 Water and Sewer Rate Study Final Report August 8th, 2023 //// 17 CITY OF LYNWOOD 2023 WATER AND SEWER RATE STUDY FINAL REPORT Prepared for: City of Lynwood 11330 Bullis Road Lynwood, CA 90262 Prepared by: ROBERT D. NIEHAUS, INC. 140 East Carrillo Street Santa Barbara, CA 93101 (805) 962-0611 RDN Project Number 338 18 19 August 8th, 2023 George Cambero Utility Services Manager City of Lynwood 11330 Bullis Road Lynwood, CA 90262 Subject: 2023 Water and Sewer Rate Study Dear Mr. Cambero, Robert D. Niehaus, Inc. is pleased to provide this Financial Planning, Revenue Requirements, Cost of Service, and Rate Setting Analysis report to the City of Lynwood. This rate study includes a financial plan to determine the revenue requirements for the next five years and a comprehensive review of the City's current rates based on the cost of service principles. This report outlines the approach, methodology, findings, and recommendations of the study. Each of the components of this study has enhanced the equitability of the rates we propose. The proposed rates were developed utilizing the City's customer usage data, billing records, accounting, operating and management records, capital plans, and reserve policies. Based on the City provided data, key assumptions were made for the study using appropriate resources and our econometric and financial expertise. We are confident that the rates proposed in this report are cost - based and are fully compliant with Proposition 218 and other legal requirements. It has been an absolute pleasure and honor to work with your City. We thank you, Mr. Fattahi, Ms. Lloyd, and Mr. Lee. Respectfully submitted, 61,LS1- Robert D. Niehaus, Ph.D. Managing Director/Principal Economist an:duo-rut- Ze rw--81- Anthony Elowsky M.A. Project Manager/ Financial Analyst 20 21 TABLE OF CONTENTS TABLE OF CONTENTS i LIST OF TABLES ii LIST OF FIGURES iv EXECUTIVE SUMMARY 1 1.1 Background 1 1.2 Purpose of Study 2 1.3 Rate Recommendations and Proposed Rates 3 METHODOLOGY 11 2.1 General Methodology 11 2.2 Legal Considerations 12 2.3 Key Assumptions 13 Escalation Factors 13 Customer Growth 15 Equivalent Meter Size 16 Debt Service Coverage Ratios 17 WATER UTILITY 19 3.1 Financial Plan 19 Demand Projections 19 Revenues 20 Operating and Maintenance (O&M) Expense 20 Other Obligations 21 Capital Improvement Projects 21 Debt Service and Coverage Ratios 21 Reserves 22 Revenue Requirements 22 Financial Plan 23 3.2 Cost of Service Analysis 25 Functionalization of Costs 25 Allocation to Units 28 Allocation to Customer Classes (Domestic Water Service and Fire Service Line) 30 3.3 Water Rate Design 30 Fixed Charge 31 i City of Lynwood - 2023 Water and Sewer Rate Study 22 Volumetric Rates 34 Ratio of Fixed and Variable Revenues 34 3.4 Bill Impact Analysis 36 SEWER UTILITY 39 4.1 Financial Plan 39 Revenues 39 Operating and Maintenance (O&M) Expense 39 Other Obligations 40 Capital Improvement Projects 40 Debt Service and Coverage Ratios 40 Reserves 41 Revenue Requirements 41 Financial Plan 42 4.2 Cost of Service Analysis 44 Functionalization of Costs 44 Allocation to Units 46 4.3 Rate Design 47 Sewer Rates 47 4.4 Bill Impacts 48 CONCLUSION 50 5.1 Summary of Recommendations and Financial Results 50 5.2 Rate Comparison 60 Water 60 Sewer 61 APPENDIX 62 LIST OF TABLES Table 1. Current Water Rates 4 Table 2. Proposed Revenue Adjustments FY 2023-24 to FY 2027-28 5 Table 3. Proposed Rates for FY 2023-24 to FY 2027-28 5 Table 4. Current Rates 7 Table 5. Proposed Revenue Adjustments FY 2023-24 to FY 2027-28 8 ii City of Lynwood - 2023 Water and Sewer Rate Study 23 Table 6. Proposed Sewer Rates FY 2023-24 to FY 2027-28 8 Table 7. AWWA Equivalent Meter Ratios 17 Table 8. Water Utility Operating Forecast, FY 2024 to FY 2028 20 Table 9. Operating Expenses by Expense Category, FY 2024 to FY 2028 21 Table 10. Utility Revenue and Expenses Under the Current Rates and Overall Debt Service Coverage Ratio 22 Table 11. Revenue Requirements for City of Lynwood Water Utility, FY 2024 - FY 2028 23 Table 12. Status Quo Financial Pro Forma for City of Lynwood Water System, FY 2024 to FY 2028 23 Table 13. Proposed Financial Pro Forma for City of Lynwood Water System, FY 2024 to FY 2028 24 Table 14. Percentage of Operating Costs Allocated to Standard Functions 26 Table 15. Percentage of Non -operating Costs Allocated to Standard Functions 26 Table 16. Percent of Operating Function Categories Allocated to Cost Components 27 Table 17. Total of Operating Functional Categories Allocated to Cost Components 27 Table 18. Percent of Non -operating Function Categories Allocated to Cost Components 28 Table 19. Total of Non -operating Functional Categories Allocated to Cost Components 28 Table 20. Rate Revenue Requirements for Test Year, FY 2024 28 Table 21. Total and Equivalent Meters Used for Cost Allocation 29 Table 22. Cost of Service Units 29 Table 23. Rate Revenue Requirements Divided by the Corresponding Units 30 Table 24. Fire Meter Costs Allocated Between Domestic Water Service and Fire Service Line Customers 30 Table 25. Unit Costs Multiplied by Customer Class Units 30 Table 26. Fixed Cost Components Divided by Number of Units 32 Table 27. Monthly Domestic Water Service Fixed Charge Calculation 32 Table 28. Proposed 5 -year Fixed Rate Schedule for Domestic Water Service 33 Table 29. Monthly Fire Service Line Fixed Charge Calculation 33 Table 30. Proposed 5 -year Fixed Rate Schedule for Fire Service Line Customers 34 Table 31. Variable Charge Calculation 34 iii City of Lynwood - 2023 Water and Sewer Rate Study 24 Table 32. Proposed 5 -year Variable Rate Schedule for Domestic Water Service 34 Table 33. Sewer System Revenue Forecast, FY 2024 to FY 2028 39 Table 34. Sewer System O&M Expense Forecast, FY 2024 to FY 2028 40 Table 35. Utility Revenue and Expenses Under the Current Rates and Overall Debt Service Coverage Ratio 41 Table 36. Revenue Requirements for City of Lynwood Sewer Utility, FY 2024 - FY 2028 42 Table 37. Status Quo Financial Pro Forma for City of Lynwood Sewer System, FY 2024 to FY 2028 42 Table 38. Financial Pro Forma for City of Lynwood Sewer System, FY 2023 to FY 2028 43 Table 39. Percentage of Operating Costs Allocated to Standard Functions 44 Table 40. Percentage of Non -operating Costs Allocated to Standard Functions 44 Table 41. Percent of O&M Functional Categories Allocated to Cost Components 45 Table 42. Total of O&M Functional Categories Allocated to Cost Components 45 Table 43. Percent of Non -operating Functional Categories Allocated to Cost Components 45 Table 44. Total of Non -operating Functional Categories Allocated to Cost Components 46 Table 45. Revenue Requirement Cost Allocation by Cost Component 46 Table 46. Cost of Service Units of Service 47 Table 47. Cost of Service Unit Cost 47 Table 48. Cost of Service Units by Customer Class 47 Table 49. Cost of Service Allocation by Customer Class 47 Table 50. Proposed Test Year Sewer Rate Calculation 47 Table 51. Proposed 5 -year Sewer Rate Schedule FY 2023-24 to FY 2027-28 48 Table 52. Proposed Fixed and Variable Rates Based on the Proposed Revenue Adjustment 53 Table 53. Proposed Sewer Rates Based on the Proposed Revenue Adjustment 58 LIST OF FIGURES Figure 1. City of Lynwood Boundary 2 iv City of Lynwood - 2023 Water and Sewer Rate Study 25 Figure 2. Water Fund Balance with No Revenue Adjustment 6 Figure 3. Water Fund Balance under the Proposed Financial Plan 7 Figure 4. Sewer Fund Balance with No Revenue Adjustment 9 Figure 5. Sewer Fund Balances under the Proposed Financial Plan 10 Figure 6. Water and Wastewater Rate Study Process 11 Figure 7. Test Year Expense Escalation Factors 14 Figure 8. Annual Water Customer Growth FY 2023 to FY 2033 15 Figure 9. Annual Sewer Customer Growth FY 2023 to FY 2033 16 Figure 10. Annual Aggregate Water Use, FY 2023 to FY 2033 19 Figure 11. A Typical Flow for Cost of Service Analysis Process 25 Figure 12. Revenues Generated per Rate Category 35 Figure 13. Domestic Water Service Bill Impacts by Usage for 3/4" Meter 36 Figure 14. Domestic Water Service Bill Impacts by Usage for 1" Meters 37 Figure 15. Rate Comparison Current vs. Proposed (Average Customer, 3/4" at 32 hcf bi-monthly) 38 Figure 16. Sewer Rate Impacts Current Versus Proposed Rates 48 Figure 17. Sewer Rate Comparison for Residential Customers 49 Figure 18. Rate Study Water Status Quo Financial Plan 50 Figure 19. Ending Water Cash Balances with No Revenue Adjustment 51 Figure 20. Recommended Water Revenue Adjustment 52 Figure 21. Recommended Rate Study Adjusted Water Financial Plan 52 Figure 22. Recommended Ending Water Cash Balances with Revenue Adjustment 54 Figure 23. Rate Study Sewer Status Quo Financial Plan 55 Figure 24. Ending Sewer Cash Balances with No Revenue Adjustment 56 Figure 25. Recommended Sewer Revenue Adjustment 57 Figure 26. Rate Study Adjusted Sewer Financial Plan 57 Figure 27. Recommended Ending Sewer Cash Balances with Revenue Adjustment 58 Figure 28. Recommended Combined Debt Service Coverage for Water and Sewer Utilities 59 v City of Lynwood - 2023 Water and Sewer Rate Study 26 EXECUTIVE SUMMARY 1.1 Background The City of Lynwood (City) was incorporated in 1921 and is located in southern Los Angeles County with a municipal boundary that encompasses approximately 4.9 square miles. The City provides water services to 90 percent of the City's municipal boundary (approximately 4.4 square miles) and Liberty Utilities provides water service to the remaining 10 percent. Land uses within the service area are principally composed of single and multi -family residences, business and commercial districts, and some institutional and industrial areas. Future growth within the service area would be attributed to re- development of existing lots since the City is essentially built out. The water distribution system consists of five active groundwater production wells, a booster pump station, a concrete storage reservoir, a Granular Activated Carbon groundwater treatment facility, an imported water connection with the Metropolitan Water District of Southern California (MWD), emergency connections with the City of Compton and City of South Gate, and 98 miles of distribution system piping. The City's wastewater collection system is also managed by the City's Public Works Department. The wastewater collection system consists of about 81 miles of gravity sewer pipe, 1,700 manholes, and about 10,000 sewer lateral connections. The City's system conveys untreated wastewater into various Los Angeles County Sanitation Districts' (LACSD) trunk sewers for transmission, treatment, and disposal. There is a small area in the City of South Gate that discharges into the City of Lynwood's sewer system before discharging into a LACSD trunk sewer. And only a small volume of City sewage flow passes through the adjacent City of Compton system to LACSD trunk facilities. All wastewater generated within the City is treated at the LACSD White Sands facility. Figure 1 shows the limits of the City Lynwood in Pink. City of Lynwood - 2023 Water and Sewer Rate Study 1 27 Figure 1. City of Lynwood Boundary 3rd St 5th St 07th St Pot E 120th St tP g`6 E 124th St St y E 126th St Nebraska Ave 4 .Missouri Ave N s1 e gtockv+elt St Oc1s St Peach St rn 5) a O Orrs St Century Bivd- m pine St tri z n any a j elueS N Tweedy Bivd Michigan Ave Tenaya Ave Norton Ave Lynwood Q4, J -1S P0tl!}E, ti,i Carlin Ave E T'irre sr Sanborn Ave Mulford Ave QhaPr-00 Ivy Michigan Ave 7enaya Ave tt Rd Imperial Hwy rQ d � €' � c 2 C Imperial Hwy-- • '>/ryC�er 0 hW ooU v' 'L Plat'Ave /^ Ave r44.Cr cQ a h r Q i w Watnot A ve cor11a�st b E Tucker St 01° C M Mdlan St c Jos�i CPnj� 'rest /3' A- AOges sr in, Ave Ca1(p Av e E Rosecrans Ave z m .m Lavinia Ave Clark St 29 Wood Ave a?' ? n Hopydate Park r o Lr trry Fw y _ Rosecrans Ave Rosecrans A 1.2 Purpose of Study The purpose of this analysis is to conduct a rate study which evaluates the City's current rates and financial data and propose new rates, if necessary, that meet the City's financial and strategic goals. The primary objectives of this Study include: • Projecting revenues and expenses for a five-year study period • Proposing revenue adjustments to fund the City's projected financial needs • Proposing rates which do not overly impact customers • Producing an administrative record which effectively summarizes all findings • Supporting the City through the Proposition 218 process as necessary City of Lynwood - 2023 Water and Sewer Rate Study 2 28 1.3 Rate Recommendations and Proposed Rates Water • Aligning meter ratios to match AWWA recommendations to provide a basis for different levels of service requirements between meter sizes • Removing the variable portion of rates for private fire connections • Adjusting rates annually by the recommended revenue adjustments of 14.5 percent, 6.0 percent, 6.0 percent, 6.0 percent, and 5.0 percent, respectively Sewer • Adjusting rates annually by the recommended revenue adjustments of 4.0 percent per year Current Water Rates Currently, City retail water customers pay a bi-monthly fixed charge per connection, which is based on the customer's meter size. Additionally, customers with a dedicated private fire connection pay a bi- monthly fee based on the size of the fire meter. Customers also pay variable charges based on water use. All customers are billed $4.23 per hundred cubic feet (hcf) of water used. The current rates as described are displayed in Table 1. City of Lynwood - 2023 Water and Sewer Rate Study 3 29 Table 1. Current Water Rates Fixed Charges Customer Class Meter Size Bi-Monthly Fee Domestic Water Service Fire Service Line 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" $37.68 $50.68 $83.00 $121.90 $225.78 $342.50 $666.60 $1,185.38 $0.00 $25.94 $33.66 $42.94 $67.76 $95.58 $172.94 $296.74 $466.96 Variable Charges Customer Class Tier - Width Unit Cost Domestic Water Service All Use, per hcf $4.23 Proposed Rates RDN proposes the following rate and revenue adjustments to accomplish the City's goals of capital and reserve funding as well as maintaining debt service coverage ratios. Table 2 shows the proposed revenue adjustments for the five-year rate study period. In the first year of the study, the City should raise water revenues by 14.5 percent in year one, followed by 6.0 percent in the next three years, and 5.0 percent in the final year. Additionally, the City should bill customers based on meter size ratios provided by the AWWA which represent industry standards, as meter size accounts for a reasonable way to determine the relative capacity requirements of each type of customer. The resulting rates form an equitable rate structure which is based on the actual cost to provide service for each customer. Costs were allocated between Domestic Water Service and Fire Service Line customers during the cost of service analysis. The rates for each meter size represent an equitable portion of the total cost of service for each class allocated the respective meter based on the calculations shown in the Cost of Service Analysis. The rates which result from these adjustments are shown in Table 3. City of Lynwood - 2023 Water and Sewer Rate Study 4 30 Table 2. Proposed Revenue Adjustments FY 2023-24 to FY 2027-28 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Recommended Adjustment 14.5% 6.0% 6.0% 6.0% 5.0% Table 3. Proposed Rates for FY 2023-24 to FY 2027-28 Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Domestic Water Service 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" Fire Service Line 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" $40.84 $43.29 $45.89 $48.64 $51.07 $62.51 $66.26 $70.24 $74.45 $78.18 $116.21 $123.18 $130.57 $138.41 $145.33 $180.90 $191.76 $203.26 $215.46 $226.23 $331.96 $351.88 $372.99 $395.37 $415.14 $547.72 $580.58 $615.42 $652.34 $684.96 $1,086.62 $1,151.82 $1,220.93 $1,294.19 $1,358.89 $1,733.57 $1,837.58 $1,947.83 $2,064.70 $2,167.94 $2,488.55 $2,637.86 $2,796.13 $2,963.90 $3,112.10 $23.89 $25.33 $26.85 $28.46 $29.88 $34.21 $36.27 $38.44 $40.75 $42.79 $59.78 $63.37 $67.17 $71.20 $74.76 $90.59 $96.02 $101.78 $107.89 $113.28 $162.51 $172.26 $182.60 $193.56 $203.23 $265.25 $281.16 $298.03 $315.91 $331.71 $521.85 $553.16 $586.35 $621.53 $652.60 $829.89 $879.68 $932.46 $988.41 $1,037.83 $1,189.37 $1,260.74 $1,336.38 $1,416.56 $1,487.39 Variable Charges Variable Rate FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 All Use, per hcf Reserve Funding $4.76 $5.04 $5.35 $5.67 $5.95 Figure 2 shows the water fund balance with no adjustments and Figure 3 shows the water fund balance under the proposed financial plan through the study period. Unless the City increases revenues, the overall cash balance of the water utility will become negative in FY 2027. Fund balances are maintained in case emergency capital is needed, or some unforeseen event causes rate revenues to vary. Under the proposed rate plan, cash balances should continue to grow after the study period, which will allow the City to maintain operations well into the future. The reserve target shown in Figure 3 was developed by calculating six months of operating expenses in the final year of the study and accounting for annual capital expenditures for the water utility. A further explanation of reserves will be described in the financial planning section of this report. City of Lynwood - 2023 Water and Sewer Rate Study 5 31 Figure 2. Water Fund Balance with No Revenue Adjustment FY 2023 FY 2024 FY 2025 FY 2026 City of Lynwood - 2023 Water and Sewer Rate Study 6 32 Figure 3. Water Fund Balance under the Proposed Financial Plan $10 $8 $6 $4 $2 $0 FY 2023 FY 2024 Current Sewer Rates FY 2025 FY 2026 FY 2027 FY 2028 Currently, City sewer customers pay a fixed rate bi-monthly based on their customer class. Residential customers and commercial customers make up the two customer classes and the rates are based on inclusion into one of those two categories. The current rates as described are displayed in Table 4. Proposed Rates Table 4. Current Rates Fixed Charges Customer Class Bi-Monthly Fee Residential Commercial $34.54 $184.70 The recommended sewer rates maintain the current rate structure overall but provide a revenue adjustment schedule designed to contribute to City reserves, fund considerable capital expenditure needs, and allow the City to maintain debt service coverage ratios. Because the City does not track water City of Lynwood - 2023 Water and Sewer Rate Study 7 33 use data for all customers (some sewer customers have water service provided by a private water company), accurate data was not available to allocate costs between customer classes, or customers within the classes. Estimates were used to make a cursory allocation of costs. If the City wants to adopt a more rigorous cost allocation, flow and strength data should be collected for each customer type. For example, the current customer class for commercial customers encompasses all non-residential sewer users; presumably, this class can be sub -divided based on a survey to different strength and flow types which can then be allocated costs appropriately. Additionally, it is likely that sewer flow patterns differ between single family and multi -family units. With accurate flow data, the relative impact each has on the system could be discerned and a rate based on an equivalent dwelling ratio could be implemented. Table 5 shows the proposed revenue adjustments for the study period. RDN, working with City staff, determined that an annual increase of 4.0 percent through the study period was necessary. The resulting rates are shown in Table 6. Table 5. Proposed Revenue Adjustments FY 2023-24 to FY 2027-28 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Recommended Adjustment 4.0% 4.0% 4.0% 4.0% 4.0% Table 6. Proposed Sewer Rates FY 2023-24 to FY 2027-28 Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Residential Commercial $36.38 $37.84 $39.35 $40.93 $42.56 $189.88 $197.47 $205.37 $213.59 $222.13 Capital and Reserve Funding The proposed financial plan for the sewer utility maintains acceptable levels of reserves during the rate study period. The City's current fund balance for the sewer utility is higher than the recommended target based on the projected levels of operating and capital expenditures. In order to minimize customer impacts, the sewer fund will draw on its current cash balance slightly during the study period while funding capital expenses. The proposed revenue adjustments maintain parity with projected inflation. Figure 4 shows the sewer fund balances with no revenue adjustment and Figure 5 shows the fund balances under the proposed financial plan through the study period. The reserve target shown in Figure 5 is based on 6 months of sewer operations, and a calculation of annual asset depreciation. City of Lynwood - 2023 Water and Sewer Rate Study 8 34 Figure 4. Sewer Fund Balance with No Revenue Adjustment N $7.0 c 0 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 City of Lynwood - 2023 Water and Sewer Rate Study 9 35 Figure 5. Sewer Fund Balances under the Proposed Financial Plan $7.0 0 2 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 City of Lynwood - 2023 Water and Sewer Rate Study 10 36 METHODOLOGY 2.1 General Methodology The water and sewer rates formulated in this study were developed using principles set forth by the American Water Works Association (AWWA). RDN rate -making practices incorporate methods described in the AWWA Manual 1 (M1)1 for Water Systems the WEF Financing and Charges for Wastewater Systems2 wherever possible; however, customer data limitations prevented a full implementation of COS principals, especially for the sewer utility. Where data didn't allow for precise cost allocations, estimates relying on previous rate determinations for the City were used. Figure 6 presents the steps taken to develop the City's proposed rates. Figure 6. Water and Wastewater Rate Study Process Growth Projection Financial Planning and Revenue Requirements Cost of Service Rate Design • Growth Projection: project customer growth for the ten-year study period, FY 2023-2024 through FY 2032-33, using the City's customers' historical growth data. Forecast revenues for the study period based on the projected customer growth. • Financial Planning and Revenue Requirements: develop a ten-year financial plan based on the projected revenues and annual costs which include both operating and capital expenses. The City's target reserve level should also be considered as part of the financial planning. Based on the financial planning, revenue requirements are determined for each year of the study period. • Cost of Service: evaluate the customer classifications and allocate costs based on their service requirements. 1 Principles of Water Rates, Fees, and Charges, Seventh Edition, Manual of Water Supply Practices, American Water Works Association 2 Financing and Charges for Wastewater Systems, WEF Manual of Practice Number 27, Water Environment Federation City of Lynwood - 2023 Water and Sewer Rate Study 11 37 • Rate Design: design rates to equitably recover the rate revenue requirements from each customer. 2.2 Legal Considerations This section of the report describes the legal framework that was considered in the development of the rates to ensure that the calculated cost of service rates provide a fair and equitable allocation of costs to the different customer classes. California Constitution Article XIII C (Proposition 26) The voters in the State approved Proposition 26 on November 2, 2010. Proposition 26 amended Article XIII C of the State Constitution to expand the definition of "tax" to include "any levy, charge, or exaction of any kind imposed by a local government" with listed exceptions. By means of these exceptions, Article XIII C classifies several types of charges, in addition to property -related charges, that are not taxes, such as charges for specific services or benefits, regulatory charges and penalties. Article XIII C's definition of "tax" lists the following exceptions: (1) a charge imposed for a specific benefit conferred or privilege granted directly to the payer that is not provided to those not charged, and which does not exceed the reasonable costs to the local government of conferring the benefit or granting the privilege; (2) a charge imposed for a specific government service or product provided directly to the payer that is not provided to those not charged, and which does not exceed the reasonable costs to the local government of providing the service or product; (3) a charge imposed for the reasonable regulatory costs to a local government for issuing licenses and permits, performing investigations, inspections, and audits, enforcing agricultural marketing orders, and the administrative enforcement and adjudication thereof; (4) a charge imposed for entrance to or use of local government property, or the purchase, rental, or lease of local government property; (5) a fine, penalty, or other monetary charge imposed by the judicial branch of government or a local government, as a result of a violation of law; (6) a charge imposed as a condition of property development; and (7) assessments and property -related fees imposed in accordance with the provisions of Article XIII D. Proposition 26 also provides that the local government bears the burden of proving by a preponderance of the evidence that a levy, charge, or other exaction is not a tax, that the amount is no more than necessary to cover the reasonable costs of the governmental activity, and that the manner in which those costs are allocated to a payer bear a fair or reasonable relationship to the payer's burdens on, or benefits received from, the governmental activity. Like the proportionality requirements of Article XIII D, assessment of rates under these requirements, if applicable, would be supported by the cost of service approach. City of Lynwood - 2023 Water and Sewer Rate Study 12 38 California Constitution Article XIII D, Section 6 (Proposition 218) In November 1996, California voters passed Proposition 218, the "Right to Vote on Taxes Act." This constitutional amendment protects taxpayers by limiting the methods by which local governments can create or increase taxes, fees and charges without taxpayer consent. Between 2002 and 2017, California courts have ruled that fees associated with providing water services are "property -related" and thus under the jurisdiction of Prop 218. The principal requirements for fairness of the fees, as they relate to public water service, are as follows: Revenues derived from the fee or charge shall not exceed the funds required to provide the property related service. Revenues derived by the fee or charge shall not be used for any other purpose other than that for which the charge was imposed. The amount of the fee or charge imposed upon any parcel shall not exceed the proportional cost of service attributable to the parcel. Reliance by an agency on any parcel map, including, but not limited to, an assessor's parcel map, may be considered a significant factor in determining whether a fee or charge is imposed as an incident of property ownership for purposes of this article. The rates developed in this Report use a methodology to establish an equitable system of charges that recovers the cost of providing service and fairly apportion costs to each customer as required by Proposition 218. 2.3 Key Assumptions A test year, FY 2024, was selected for which costs are to be analyzed and rates to be established for this study. The financial plan was built for the next ten years, including the five-year study period FY 2024 through FY 2028 with a detailed revenue adjustment plan. The City's fiscal year starts on July 1 and ends on June 30. Escalation Factors The financial plan was built based on an assumption in the projected escalation of revenues and expenses associated with both operations and maintenance (O&M) and capital improvement projects (CIPs). Record inflation because of the COVID-19 pandemic has caused costs to increase at a historic rate. Escalation factors were calculated for 11 independent variables using historical Consumer Price Index (CPI)3 data from Los Angeles, CA, between the year 2000 and the most current calendar year, and 3 Bureau of Labor Statistics (2023) Consumer Price Indices 2000-2021 Los Angeles — Long Beach —Anaheim, Not Seasonally Adjusted. City of Lynwood - 2023 Water and Sewer Rate Study 13 39 projections by the California Department of Transportation (CADOT)4 and the California Department of Finance (CADOF)5. Construction costs were determined using a 5 -year average building cost index (BCI) for the Los Angeles area published by Engineering News Record (ENR)6. FY 2024 escalation factors are shown in Figure 7. This study assumes that the current record inflation levels caused by the COVID-19 pandemic will recede and return to more normal levels in future years. The overall inflation for the water utility during the study period averages 3.9 percent per year. The overall inflation for the sewer utility averages 3.3 percent per year. Non -recurring expenses (one-time expenses) expenses are not escalated. Figure 7. Test Year Expense Escalation Factors Overall Insurance Construction Fuel/Automobile Water Purchase Wastewater Treatment Water Treatment Chemicals Utilities Other Employee Payroll ,3.9% 3.4% 4.5% 5.0% 5.0% 5.3% 7.5% 7.0% 3.2% 3.2% 9.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 4 California Department of Transportation (2023) Monthly CPI for transportation, 20 Year Average. 'California Department of Finance (2023) Monthly CPI, 20 Year Average. 6 Engineering News Record (2023) Los Angeles Building Cost Index, Average Annual Change. City of Lynwood - 2023 Water and Sewer Rate Study 14 40 Customer Growth All analyses performed during the study were based on an assumption of customer account growth. The analysis assumes that there will be approximately 0.2 percent annual customer growth based on the City's 2020 Water Master Plan'. Additionally, it was assumed that water use would remain stable over the study period. Water There are currently approximately 9,032 water meters connected to the City's water system. At the end of ten years, it was projected that there would be 9,212 meters connected. The City is generally built out, thus the additional meters will most likely be infill or redevelopment. A total of 90 new Domestic Water Service connections are projected to join the water system during the 5 -year rate setting period, 18 per year. Figure 8 shows the annual water customer growth for the study period. Figure 8. Annual Water Customer Growth FY 2023 to FY 2033 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 9,032 9,050 9,068 9,086 9,104 9,122 9,140 9,158 9,176 9,194 9,212 FY FY FY FY FY FY FY FY FY FY FY 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 ■ Retail Customers Fire Line City of Lynwood 2020 Water System Master Plan. Stetson Engineers. October 2020, Covina, CA. City of Lynwood - 2023 Water and Sewer Rate Study 15 41 Sewer During the study period, a total of 167 new sewer connections are expected. Growth was projected for residential customers based on the 0.2 percent annual growth given in the City's Master Plan. Figure 9 shows sewer account growth between FY 2023 and FY 2033 Figure 9. Annual Sewer Customer Growth FY 2023 to FY 2033 12,000 10,000 9,661 9,677 9,693 9,709 9,726 9,743 9,760 9,777 9,794 9,811 9,828 8,000 6,000 4,000 2,000 FY FY FY FY FY 2023 2024 2025 2026 2027 • Residential FY FY FY FY FY FY 2028 2029 2030 2031 2032 2033 Commercial Equivalent Meter Size When designing fixed monthly water service charges, the potential demand or capacity requirements placed on the water system can be measured by the size of installed meters which receive services from the system. The safe operating flow (or capacity) of a particular size of the meter is essentially the limiting factor in terms of the demand that can be exerted on the water system through the meter. The ratio of the safe operating capacity of various sizes of meters relative to the capacity of a base meter may be used to determine appropriate charges for the larger meter sizes8. We recommend that the City consider $ From "Principles of Water Rates, Fees, and Charges" by American Water Works Association, 2017, Seventh Edition, Appendix B, p. 385. City of Lynwood — 2023 Water and Sewer Rate Study 16 42 3/4 —inch meters as the base meter (equal to one equivalent meter). The capacity ratio is calculated using the meter capacities in gallons per minute (gpm) provided in the AWWA M1 for meters larger than 3/4 inch. Table 7 shows the equivalent meter ratios used in this study. Table 7. AWWA Equivalent Meter Ratios Meter Size Meter Ratio 3/4" 1" 1 1/2" 2" 3" 4" 6" 8" 10" 1.00 1.67 3.33 5.33 10.00 16.67 33.33 53.33 76.67 Debt Service Coverage Ratios The City's debt covenants require a certain ratio of net revenue in excess of operating expenses. Debt service coverage ratios are one of the main financial plan drivers of the initial revenue adjustment. When calculating debt service coverage requirements, the City must maintain a combined (water and sewer) net revenue of 125 percent, or a 1.25 debt service coverage ratio (DSCR) to avoid facing technical default. For the purpose of this analysis, RDN used the following definitions provided in the City's debt documentation: "Net Revenues are, for any Fiscal Year, an amount equal to all of the Revenues received with respect to such Fiscal Year, minus the amount required to pay all Operation and Maintenance Costs becoming payable with respect to such Fiscal Year." "Operation and Maintenance Costs means costs spent or incurred for maintenance and operation of the Enterprise calculated in accordance with generally accepted accounting principles, including (among other things) the cost of purchasing water, the reasonable expenses of management and repair and other expenses necessary to maintain and preserve the Enterprise in good repair and working order, and including administrative costs of the City that are charged directly or apportioned to the Enterprise, including but not limited to salaries and wages of employees, payments to any pension system, overhead, insurance, taxes (if any), fees of auditors, accountants, attorneys or engineers and insurance premiums, and including all other reasonable and necessary costs of the City and the Authority or charges (other than debt service payments) required to be paid by it to comply with the tenets of the Bonds or of any resolution or indenture authorizing the City of Lynwood - 2023 Water and Sewer Rate Study 17 43 issuance of Parity Obligations, or of such Parity Obligations, but excluding, in all cases, depreciation, replacement and obsolescence charges or reserves therefore and amortization of intangibles or other bookkeeping entries of a similar nature and all capital charges." City of Lynwood - 2023 Water and Sewer Rate Study 18 44 WATER UTILITY 3.1 Financial Plan RDN built a 10 -year financial model for the water utility to meet the City's long-term financial goals. Demand Projections RDN first derived aggregate usage levels to project water demand. Next, we calculated per account water usage for each customer by dividing the aggregate usage by the number of accounts. RDN assumed constant per account usage over the study period. This assumption was introduced to ensure that forecasted deviation in the wake of the Covid-19 pandemic is conservative. Finally, the forecast number of accounts and per -account usage were multiplied to estimate aggregate use by customer class. Figure 10 shows the City's total water demand projected for the next ten years. Figure 10. Annual Aggregate Water Use, FY 2023 to FY 2033 N 2,500 0 F 2,000 1,500 u_ U 2 1,000 500 2,166 2,170 2,175 2,179 2,183 2,188 2,192 2,196 2,201 2,205 2,209 FY FY FY FY FY FY FY FY FY FY FY 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 City of Lynwood - 2023 Water and Sewer Rate Study 19 45 Revenues Based on the account growth and water demand projections, RDN forecasts revenues generated from customer rates using the current water rates for the study period, which total approximately $11.7 to $11.8 million annually. Other operating income and non -operating revenue are estimated to provide supplemental revenue of roughly $0.1 million a year; thus, the system's total revenue for the study period is estimated to be approximately $11.8 to $12.0 million annually under the status quo rate schedule. Table 8 shows the projected revenue flow for the study period (FY 2024 — FY 2028) without any revenue adjustments. Table 8. Water Utility Operating Forecast, FY 2024 to FY 2028 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Revenue from Rates Fixed Charges Variable Charges Rate Revenue Total Other Operating Revenues Non -operating Revenues Total $2,528,702 $2,533,705 $2,538,708 $2,543,710 $2,548,713 $9,180,829 $9,199,191 $9,217,553 $9,235,914 $9,254,276 $11,709,531 $11,732,896 $11,756,260 $11,779,624 $11,802,989 $29,368 $30,363 $31,415 $32,525 $33,698 $87,695 $92,445 $97,461 $102,760 $108,356 $11,826,594 $11,855,704 $11,885,136 $11,914,909 $11,945,043 Operating and Maintenance (O&M) Expense The water utility's operating budget includes $10.3 million in operating expenses for FY 2023. Operating expenses are expected to increase approximately 5.0 percent in FY 2024. By the end of the five year rate setting period, total operating expenses are expected to reach $12.5 million. Annual overall inflation for operating expenses for the ten year financial planning period is expected to average around 3.9 percent per year. Table 9 shows projected operating expenses for the rate setting period by budget category. City of Lynwood - 2023 Water and Sewer Rate Study 20 46 Table 9. Operating Expenses by Expense Category, FY 2024 to FY 2028 Expense Category FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Marketing Division Water Billing/Collections Human Resources Employee Personnel Services Engineering Street Maintenance Building Maintenance Water Utility Information Technology Total Operating $69,331 $522,413 $160,888 $160,888 $307,940 $10,324 $100,308 $9,178,476 $286,554 $10,797,122 $71,575 $538,902 $166,094 $166,094 $316,496 $10,658 $103,514 $9,522,353 $295,771 $11,191,458 $73,891 $555,914 $171,469 $171,469 $325,291 $11,003 $106,822 $9,884,330 $305,406 $11,605,595 $76,282 $573,465 $177,018 $177,018 $334,331 $11,359 $110,236 $10,258,355 $315,328 $12,033,392 $78,751 $591,572 $182,746 $182,746 $343,624 $11,726 $113,759 $10,647,832 $325,586 $12,478,342 Other Obligations Other obligations included in the financial plan are capital improvement projects funded by PAYGO (Pay As You Go), debt service obligations, and reserve contributions made from rates. Capital Improvement Projects The City plans to spend approximately $2.5 million a year on water capital expenditures during the financial planning period. During the 5 -year rate setting period, City staff indicated that there are sufficient debt proceeds to fund capital projects. Additionally, the City is exploring a no interest State Revolving Fund (SRF) Loan to wholly fund an $18 million project for the Ham Park Reservoir and Pump Station9. In later years of the study, the City will either issue additional debt or begin funding the capital plan with PAYGO. This analysis assumes that the City will begin cash funded capital expenditures in FY 2029. Debt Service and Coverage Ratios The City's debt service schedule totals between $2.6 million and $3.2 million a year during the study period. Debt obligations include the 2014 Lynwood Utility Authority Revenue Refunding Bonds, 2017A Lynwood Utility Authority Revenue Refunding Bonds, 2017B Lynwood Utility Authority Revenue Refunding Bonds, and 2020 Lynwood Utility Authority Revenue Refunding Bonds. Additionally, if the City issues the SRF loan, payments will begin in FY 2025, these payments were included in the financial plan. It is the City's policy to consider revenues and expenses from both the water and sewer utility in debt service coverage ratio (DCSR) calculations. Under the current rates, the City is in technical default as net revenues are not 125 percent greater than debt service payments. Table 10 shows the revenues and expenses for both the water and sewer utility under the current rates and the resulting debt service coverage ratio. 9 Construction Cost Estimate Sheet Table 8-1, MKN, 2023, Page 1 and 2. City of Lynwood - 2023 Water and Sewer Rate Study 21 47 Table 10. Utility Revenue and Expenses Under the Current Rates and Overall Debt Service Coverage Ratio FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Water Revenue $11,826,594 $11,855,704 $11,885,136 $11,914,909 $11,945,043 Sewer Revenue $3,339,942 $3,344,355 $3,348,830 $3,353,577 $3,358,393 Water O&M $10,797,122 $11,191,458 $11,605,595 $12,033,392 $12,478,342 Sewer O&M $2,648,191 $2,731,099 $2,817,531 $2,904,762 $2,995,037 Net Revenue $1,721,223 $1,277,501 $810,839 $330,332 ($169,944) Debt Service $2,583,344 $3,181,486 $3,183,573 $3,184,563 $3,184,292 DSCR 0.67 0.40 0.25 0.10 (0.05) Reserves The City must maintain an appropriate reserve balance to ensure the day-to-day operation will continue during emergencies and guarantee the future stability of the system. The City's financial goal is to build an appropriate level of cash reserves for each reserve fund included in the financial plan of this Study. RDN recommends the City develop specific reserve fund policies to direct the appropriate reserve target balances for each utility. Reserve recommendations for the water utility are described below: • Operating Fund: the minimum target balance of the fund should equal six months of budgeted operating expenses for the upcoming year. It was established to maintain working capital for current operations and to meet routine cash flow needs for the general operations and debt service payments of the system. • Capital Improvement Fund: The fund's minimum annual allocation should equal the budgeted yearly capital expenses. The fund was established to support capital projects that improve repair, rehabilitate, or replace the capital assets, and eliminate the risk of "use it or lose it" type of spending on infrastructure. Reserve targets at the end of the study period reach $8.7 million which include 6 months of operating and one year of planned capital expenditures. Revenue Requirements Table 11 displays the water utility's revenue requirements for FY 2024 through FY 2028. The total expense for each year is offset by other operating revenues and non -operating revenues to compute a pure portion of revenue requirements that need to be recovered from customers' rates. RDN proposes annual revenue adjustments of 14.5 percent, 6.0 percent, 6.0 percent, 6.0 percent, and 5.0 percent for FY 2024 through FY 2028, respectively, to reach the financial goal set by the City. City of Lynwood - 2023 Water and Sewer Rate Study 22 48 Table 11. Revenue Requirements for City of Lynwood Water Utility, FY 2024 - FY 2028 Revenue Requirements FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 O&M Expenses Debt Service Other Operating Revenue Non -Operating Revenue Net Balance From Operations Rate Revenue Requirement $10,797,122 $11,191,458 $11,605,595 $12,033,392 $12,478,342 $2,583,344 $3,181,486 $3,183,573 $3,184,563 $3,184,292 ($29,368) ($30,363) ($31,415) ($32,525) ($33,698) ($87,695) ($92,445) ($97,461) ($102,760) ($108,356) $144,010 ($9,921) $464,395 $981,360 $1,380,108 $13,407,414 $14,240,216 $15,124,687 $16,064,031 $16,900,688 Financial Plan Based on the projected total revenue and necessary costs to be recovered during the study period, RDN built a financial plan that will generate sufficient revenues for the day-to-day operation and annual PAYGO and make appropriate contributions to reserves. The City currently has a projected ending cash balance of $7.0 million in FY 2023. Table 12 shows the status quo water pro forma with no revenue adjustments and the resulting ending balances. Table 12. Status Quo Financial Pro Forma for City of Lynwood Water System, FY 2024 to FY 2028 Rate Increase 0.0% Rate Month Implemented 0.0% 0.0% 0.0% 0.0% FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Cash Position Opening Balance $ 9,442,066 $ 7,001,895 $ 5,448,023 $ 2,930,782 $ 26,750 $ (3,276,296) Revenues Water Rate Revenue $ 11,686,167 $ 11,709,531 $ 11,732,896 $ 11,756,260 $ 11,779,624 $ 11,802,989 Other Operating Revenue $ 28,875 $ 29,368 $ 30,363 $ 31,415 $ 32,525 $ 33,698 Non -Operating Revenue $ 83,198 $ 87,695 $ 92,445 $ 97,461 $ 102,760 $ 108,356 Total Revenues $ 11,798,241 $ 11,826,594 $ 11,855,704 $ 11,885,136 $ 11,914,909 $ 11,945,043 Operating Expenses $ 10,290,107 $ 10,797,122 $ 11,191,458 $ 11,605,595 $ 12,033,392 $ 12,478,342 Current Debt Service $ 2,584,305 $ 2,583,344 $ 2,581,486 $ 2,583,573 $ 2,584,563 $ 2,584,292 Proposed Debt Service Total Operating and Debt Service $ 12,874,412 $ 13,380,466 $ 14,372,944 $ 14,789,168 $ 15,217,955 $ 15,662,634 $ - $ - $ 600,000 $ 600,000 $ 600,000 $ 600,000 Net Revenues Capital Expenditure Debt Proceeds Current Debt Proceeds Proposed $ (1,076,171) $ (1,553,872) $ (2,517,241) $ (2,904,032) $ (3,303,046) $ (3,717,591) $ 5,314,103 $ 20,903,650 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 3,950,103 $ 2,903,650 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ - $ 18,000,000 $ - $ - $ - $ - $ - $ $ 1,364,000 $ Grants - $ Cash Net Income Ending Balance $ (2,440,171) $ (1,553,872) $ (2,517,241) $ (2,904,032) $ (3,303,046) $ (3,717,591) $ 7,001,895 $ 5,448,023 $ 2,930,782 $ 26,750 $ (3,276,296) $ (6,993,887) Reserve Target $5,557,140.79 $6,222,735.54 $6,831,990.99 $7,451,146.82 $8,077,132.57 $8,711,694.94 Table 13 shows the proposed water pro forma for the study period with the recommended revenue adjustments per year. City of Lynwood - 2023 Water and Sewer Rate Study 23 49 Table 13. Proposed Financial Pro Forma for City of Lynwood Water System, FY 2024 to FY 2028 Rate Increase 14.5% Rate Month Implemented 6.0% 6.0% 6.0% 5.0% September July July July July FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Cash Position Opening Balance $ 7,001,679 $ 6,862,709 $ 6,852,788 $ 7,317,183 $ 8,298,544 Revenues Water Rate Revenue $ 13,124,433 $ 14,240,216 $ 15,124,687 $ 16,064,031 $ 16,900,688 Other Operating Revenue $ 29,368 $ 30,363 $ 31,415 $ 32,525 $ 33,698 $ 87,695 $ 92,445 $ 97,461 $ 102,760 $ 108,356 Non -Operating Revenue Total Revenues $ 13,241,496 $ 14,363,023 $ 15,253,563 $ 16,199,316 $ 17,042,742 Operating Expenses $ 10,797,122 $ 11,191,458 $ 11,605,595 $ 12,033,392 $ 12,478,342 Current Debt Service $ 2,583,344 $ 2,581,486 $ 2,583,573 $ 2,584,563 $ 2,584,292 Proposed Debt Service $ - $ 600,000 $ 600,000 $ 600,000 $ 600,000 Total Operating and Debt Service $ 13,380,466 $ 14,372,944 $ 14,789,168 $ 15,217,955 $ 15,662,634 Net Revenues (138,970) $ (9,921) $ 464,395 981,360 $ 1,380,108 Capital Expenditure $ 20,903,650 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 Debt Proceeds Current $ 2,903,650 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 Debt Proceeds Proposed $ 18,000,000 $ - $ - Grants Cash Net Income $ (138,970) $ (9,921) $ 464,395 $ 981,360 $ 1,380,108 Ending Balance $ 6,862,709 $ 6,852,788 $ 7,317,183 $ 8,298,544 $ 9,678,651 Reserve Target $6,222,735.54 $6,831,990.99 $7,451,146.82 $8,077,132.57 $8,711,694.94 City of Lynwood - 2023 Water and Sewer Rate Study 24 50 3.2 Cost of Service Analysis The purpose of a Cost of Service (COS) analysis is to allocate costs among customers commensurate with their service requirements. RDN employed the "base -extra capacity" cost -of -service method promulgated in AWWA's M1, whereby costs are first allocated to individual functions, which are typical industry standard activities, then the costs of each function are distributed to appropriate cost causative components, which are defined by the cost driving elements. The results of the COS form a reasonable, equitable, basis for designing rates. Figure 11 displays a typical flow of a process for the COS analysis. Figure 11. A Typical Flow for Cost of Service Analysis Process Functionalization The revenue requirement is assigned to various industry standard activities on a line -by - line basis. Allocation to Cost Causative Components The functional categories are allocated to base, Max Day Demand, Peak Hourly Demand, customer billing and meter costs. Functionalization of Costs Reallocation to Customers via Rates Each cost component is tied to fixed and volumetric rate components. Operating and capital costs are functionalized based on operating categories used in the City's budget and input from City staff with expertise on the system and utility industry knowledge. The functionalization of capital expenses is based on 10 years of total planned capital, which represents a better overall estimate of systemwide needs versus just one year of capital expenses. The functions of the water system for both operating and capital expenses include: • Water Supply — costs associated with source of water supply • Pumping — costs associated with general pumping and energy use • Storage — costs associated with water storage for distribution • Transmission and Distribution — costs associated with transmitting and distributing water to customers • Meter Services — costs associated with the reading and maintenance of meters • Administrative and General — costs associated with administrative and general functions City of Lynwood - 2023 Water and Sewer Rate Study 25 51 Table 14 shows the amount and percentage of test year operating expenses allocated to each function. Table 15 shows the amount and percentage of test year non -operating expenses allocated to each function. Table 14. Percentage of Operating Costs Allocated to Standard Functions O&M Expense Category Allocation Percent Total O&M Water Supply Pumping Transmission and Distribution Storage Meter Services Administrative and General $10,797,122 $2,782,000 $1,211,847 $502,655 $61,647 $288,427 $5,950,545 100.0% 25.8% 11.2% 4.7% 0.6% 2.7% 55.1% Table 15. Percentage of Non -operating Costs Allocated to Standard Functions Non -Operating Expense Category Allocation Percent Total CIP Water Supply Pumping Transmission and Distribution Meter Services Administrative and General $48,314,103 $1,649,103 $19,025,000 $1,164,000 $1,476,000 $25,000,000 100.0% 3.4% 39.4% 2.4% 3.1% 51.7% For the system to provide adequate service to its customers at all times, it must be capable of meeting not only the annual volume requirements, but also the peak demand - the maximum rate at which water is consumed. Therefore, the capacities of the various facilities must meet the maximum coincidental demand of all customers. Each water service facility within the system has an underlying average demand, exerted by the customers for whom the base cost component applies. For those facilities designed solely to meet average daily demand, 100% of the cost should go to the base cost component. Extra capacity requirements associated with demand in excess of average use consist of Max Day Demand (MDD) and Peak Hourly Demand (PHD). Based on the MDD factor, RDN estimated the average hourly flow during MDD and multiplied it by a peaking factor of 1.5 (the lowest factor recommended by the State Board's Division of Drinking Water10) to compute a PHD factor. Functions that require capacity to perform at base and MDD levels were allocated based on the ratio of base demand compared to MDD, or 79.9 percent 1° California Public Utilities Commission. Standard Practice for Determination of Water Supply Requirements, Standard Practice U-22. San Francisco. 2000 City of Lynwood - 2023 Water and Sewer Rate Study 26 52 and 20.1 percent, respectively. Additionally, the costs associated with the functions which require extra capacity service requirements were distributed to the base, MDD, and PHD cost components at 53.3 percent, 13.4 percent, and 33.3 percent, respectively. Administrative and general costs are allocated to cost components based on the percentage of the functions allocated to the other cost categories. The cost causative components therefore include: • Water Supply - water purchase costs, chemicals, pumping costs, etc. • Base - delivering water to customers under average demand conditions • Maximum Day Demand (MDD) - the costs of delivering water to customers on the day with the highest demand • Peaking Hourly Demand (PHD) - the costs of delivering water to customers on the hour with the highest demand on highest day • Meters - the costs of servicing meters • Customer Service - billing and other customer service -related costs • Direct Fire Protection Service - the costs of providing water service for public and private fire protection services The result of the COS analysis determines how the total revenue requirements should be allocated to each of the cost components, which are categorized and grouped based on the similar cost driving elements. Table 16 through Table 17 show the functionalized costs allocated to the cost causative components. Table 16. Percent of Operating Function Categories Allocated to Cost Components O&M Expense Category Total Allocation Source of Su. •1 Base MDD PHD Meters Customer Service Total Water Supply Pumping Transmission and Distribution Storage Meter Services Administrative and General $2,782,000 $1,211,847 $502,655 $61,647 $288,427 $5,950,545 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 53.3% 79.9% 79.9% 0.0% 52.9% 0.0% 13.4% 20.1% 20.1% 0.0% 13.3% 0.0% 33.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 80.0% 27.1% 0.0% 0.0% 0.0% 0.0% 20.0% 6.8% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Table 17. Total of Operating Functional Categories Allocated to Cost Components O&M Expense Category Total Allocation Source of Supply Base MDD PHD Meters Customer Service Water Supply Pumping Transmission and Distribution Storage Meter Services Administrative and General Percent of Total $2,782,000 $1,211,847 $502,655 $61,647 $288,427 $5,950,545 $2,782,000 $0 $0 $0 $0 $0 25.8% $0 $645,321 $401,503 $49,242 $0 $3,145,402 39.3% $0 $162,578 $101,152 $12,406 $0 $792,430 9.9% $0 $403,949 $0 $0 $0 $0 $0 $0 $0 $230,742 $0 $1,610,170 3.7% 17.1% $0 $0 $0 $0 $57,685 $402,543 4.3% City of Lynwood - 2023 Water and Sewer Rate Study 27 53 Table 18. Percent of Non -operating Function Categories Allocated to Cost Components Non -Operating Expense Category Total Allocation Source of Supply Base MDD PHD Meters Customer Service Total Water Supply Pumping Transmission and Distribution Meter Services Administrative and General $1,649,103 $19,025,000 $1,164,000 $1,476,000 $25,000,000 100.0% 0.0% 0.0% 0.0% 53.3% 13.4% 0.0% 53.3% 13.4% 0.0% 0.0% 0.0% 0.0% 23.5% 5.9% 0.0% 33.3% 33.3% 0.0% 14.7% 0.0% 0.0% 0.0% 100.0% 55.9% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% 100.0% 100.0% 100.0% 100.0% Table 19. Total of Non -operating Functional Categories Allocated to Cost Components Non -Operating Expense Category Total Allocation Source of Supply Base MDD PHD Meters Customer Service Water Supply Pumping Transmission and Distribution Meter Services Administrative and General Percent of Total $1,649,103 $1,649,103 $19,025,000 $1,164,000 $1,476,000 $25,000,000 $0 $0 $10,131,000 $0 $619,841 $0 $0 $0 $5,869,711 3.4% 34.4% so $2,552,333 $156,159 $0 $1,478,774 8.7% $0 $6,341,667 $388,000 $0 $3,674,242 21.5% $0 $0 $0 $1,476,000 $13,977,273 32.0% $0 so $0 $0 $0 0.0% The non -operating expenses for the test year are made up of debt service payments totaling approximately $2.6 million. Those costs are distributed to the cost components based on the final percentages shown Table 19, above. Operating allocations are based on the actual projected test year expense and the total for each cost component reflect the percentages in Table 17. Table 20 shows the revenue requirements by cost causative components under the proposed financial plan. The test year costs and offsets are allocated to each cost causative component using the percentages derived from the cost allocation. Revenue offsets are allocated based on the total cost in each category, which includes both operating and non -operating expenses. Table 20. Rate Revenue Requirements for Test Year, FY 2024 Cost Allocation Summary Total Source of Supply $2,782,000 $88,177 $2,870,177 21.5% ($29,368) ($6,300) ($87,695) ($18,811) $144,010 $30,891 $13,407,414 $2,875,958 Base MDD PHD Meters Customer Service O&M Revenue Requirements Non -Operating Revenue Requirements Total Percent of Total Other Operating Revenue Non -Operating Revenue Net Balance From Operations Rate Revenue Requirement $10,797,122 $2,583,344 $13,380,466 $4,241,468 $888,697 $5,130,165 38.3% ($11,260) ($33,623) $55,215 $5,140,497 $1,068,565 $223,892 $1,292,458 9.7% ($2,837) ($8,471) $13,910 $1,295,061 $403,949 $1,840,912 $556,295 $826,283 $960,244 $2,667,195 7.2% 19.9% ($2,108) ($5,854) ($6,293) ($17,481) $10,335 $28,706 $962,178 $2,672,566 $460,228 $0 $460,228 3.4% ($1,010) ($3,016) $4,953 $461,155 Allocation to Units The final step of the COS analysis is to allocate the cost causative components back to the customers. In order to perform this, unit values were determined for each cost component. Table 22 shows the number of systemwide units under each category. Equivalent meters are determined by multiplying the total meters by their equivalent meter value. Table 21 shows the meters currently connected to the water system and the number of equivalent meters based on AWWA meter equivalency factors. City of Lynwood - 2023 Water and Sewer Rate Study 28 54 Table 21. Total and Equivalent Meters Used for Cost Allocation Meter Size Number of Meters Equivalance Factor Total Equivalent Meters 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" 7,094 1,219 318 323 25 917* 19 10 4 1.00 1.67 3.33 5.33 10.00 16.67 33.33 53.33 76.67 7,094 2,036 1,059 1,722 250 15,286 633 533 307 Total 9,050 28,920 Note: 4" meter count includes public fire nodes All use categories (Water Use, Max Month, Average Day, Max Day, and Peak Hourly) were calculated based on actual (billed) customer use and are expressed in hcf. As previously described, average day demand constitutes the entire year of use divided by the number of days in a year. Max day demand takes the use during the highest use month (September) and divides that by the number of days in the month (30). Peak hourly demand is estimated by taking the difference between average day and max day demand and multiplying the result by a factor of 1.5. The number of bills in one year (the number of accounts multiplied by 6) serves as the basis for distributing billing and customer service costs associated with meter reading, customer billing and collection, and other customer services costs. The number of equivalent meters is used to distribute meter related service costs. Table 22. Cost of Service Units Unit Count of Units Customers E Ms Water Use Max Month Average Day Max Day Peak Hourly 9,050 28,920 2,170,409 223,946 5,963 7,465 11,197 Table 23 shows the total cost allocation by cost component divided by the corresponding unit values to develop a unit cost for each. City of Lynwood - 2023 Water and Sewer Rate Study 29 55 Table 23. Rate Revenue Requirements Divided by the Corresponding Units Total Source of Supply Base MDD Rate Revenue Requirement Units Unit Cost $13,407,414 $2,875,958 2,170,409 $1.33 $5,140,497 2,170,409 $2.37 $1,295,061 7,465 $173.49 PHD Meters Customer Service Rate Revenue Requirement Units Unit Cost $962,178 11,197 $85.93 $2,672,566 28,920 $92.41 $461,155 9,050 $50.96 Allocation to Customer Classes (Domestic Water Service and Fire Service Line) The City maintains two distinct customer classes, domestic water service and fire service line customers. The total cost allocation by customer class is shown in Table 25. Public fire nodes included in the Water Master Plan number 879, each with a 4" connection. The total fire protection costs allocated to domestic water service are based on the relative difference in equivalent hydrant meters and private fire protection meters. Table 24 shows the relative cost allocation of fire related meter costs between domestic water service and private fire customers. Table 24. Fire Meter Costs Allocated Between Domestic Water Service and Fire Service Line Customers Category Equivalent Meters Percent Allocated to Fire Meters Total Fire Meter Private Fire Public Fire 14,653 $1,491,378 1,485 9.2% $137,261 90.8% $1,354,117 Table 25. Unit Costs Multiplied by Customer Class Units Unit Unit Cost Retail Units Retail COS Private Fire Units Private Fire COS Total Allocation Source of Supply Base MDD PHD Meters Customer Service Public Fire Indirect Total Cost of Service $1.33 $2.37 $173.49 $85.93 $92.41 $50.96 $105.94 2,170,409 2,170,409 7,465 11,197 12,782 9,000 12,782 $2,875,958 $5,140,497 $1,295,061 $962,178 $1,181,189 $458,607 $1,354,117 $13,267,605 1,485 50 $0 $0 $0 $0 $137,261 $2,548 $0 $139,808 $2,875,958 $5,140,497 $1,295,061 $962,178 $1,318,449 $461,155 $1,354,117 $13,407,414 3.3 Water Rate Design RDN proposes the following adjustments to customer water rate structures: City of Lynwood - 2023 Water and Sewer Rate Study 30 56 • Aligning meter ratios to match AWWA recommendations to provide a basis for various levels of service requirements between meter sizes • Removing the variable portion of rates for private fire connections • Adjusting rates annually by the recommended percentages of 14.5 percent, 6.0 percent, 6.0 percent, 6.0 percent, and 5.0 percent, respectively The water rates have two components: 1) a fixed monthly service charge and 2) volumetric rates. Customers must pay the fixed charge regardless of the water use. In addition, the customers pay volumetric rates based on the volume of water use. 1. Fixed monthly service charge: the rates are established based on the size of the meter at the property receiving water service and are calculated to recover a portion of the City's fixed costs, such as water facilities repairs and replacements, meter reading, and customer service. 2. Volumetric rates: the rates are calculated based on the cost of water supplies, the cost of managing the City's water resources at regular and peak use and distributing water throughout the system to customers. The remaining fixed costs that are not recovered via fixed charges are also recovered from volumetric charges. The rates are billed per hundred cubic feet (HCF). Together, the two components (fixed and volumetric) are calculated to recover the proportionate cost of providing water service attributable to each customer. Fixed Charge A percentage of peaking costs and all meter costs are divided by the number of equivalent meters using the AWWA ratio discussed in the Key Assumptions section to compute the unit cost for each cost component. Peaking costs (approximately 57 percent) are included in the fixed charge to account for the necessary capacity requirements of larger meters to accommodate peak flows inherent in greater infrastructure needs. Customer service costs are simply divided by the number of accounts since the service requirements of this cost type are the same regardless of the meter size installed on a property. Table 26 shows the total costs allocated to each cost category for the two customer classes, the number of units for the category, and the cost for a year and a month of service for each cost unit. The resulting monthly unit costs are used to calculate the fixed customer rates. City of Lynwood - 2023 Water and Sewer Rate Study 31 57 Table 26. Fixed Cost Components Divided by Number of Units Fixed Charge Components Category Allocation Units Cost per Unit Cost per Month Domestic Water Customer Service Meters peak (57%) Fire Service Customer Service Meters $458,607 $1,181,189 $1,299,515 $2,548 $137,261 9,000.00 12,781.67 12,781.67 $50.96 $92.41 $101.67 50.00 $50.96 1,485.30 $92.41 $4.25 $7.70 $8.47 $4.25 $7.70 Domestic Water Service Table 27 shows the monthly fixed charge calculation by meter size for domestic water service customer connections. To determine the bi-monthly fixed charge for domestic water service, the monthly charge is multiplied by two. Table 27. Monthly Domestic Water Service Fixed Charge Calculation Meter Size Customer Service Costs Meter Meter + I Meter Peak Peak x Ratio Ratio Monthly Rate 3/4" 1" 1 1/2- 2" 3" 4" 6" 8" 10" $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $8.47 $8.47 $8.47 $8.47 $8.47 $8.47 $8.47 $8.47 $8.47 1.00 1.67 3.33 5.33 10.00 16.67 33.33 53.33 76.67 $16.17 $27.01 $53.86 $86.21 $161.74 $269.61 $539.07 $862.54 $1,240.03 $20.42 • $31.26 $58.10 • $90.45 • $165.98 • $273.86 • $543.31 • $866.78 = $1,244.27 The proposed monthly fixed charge for the base equivalent meter (3/4 -inch) is $20.42 per month. The proposed five-year bi-monthly fixed rates for domestic water service are as follows in Table 28: City of Lynwood - 2023 Water and Sewer Rate Study 32 58 Table 28. Proposed 5 -year Fixed Rate Schedule for Domestic Water Service Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Domestic Water Service 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" Fire Service Line Customers $40.84 $62.51 $116.21 $180.90 $331.96 $547.72 $1,086.62 $1,733.57 $2,488.55 $43.29 $66.26 $123.18 $191.76 $351.88 $580.58 $1,151.82 $1,837.58 $2,637.86 $45.89 $70.24 $130.57 $203.26 $372.99 $615.42 $1,220.93 $1,947.83 $2,796.13 $48.64 $74.45 $138.41 $215.46 $395.37 $652.34 $1,294.19 $2,064.70 $2,963.90 $51.07 $78.18 $145.33 $226.23 $415.14 $684.96 $1,358.89 $2,167.94 $3,112.10 The fixed monthly service charge was also computed for Fire Service Line customers. The customers pay only for the costs related to system capacity and billing as the service is required in case of an emergency. Table 29 shows the monthly fixed charge calculation by meter size for domestic water service customer connections. Table 29. Monthly Fire Service Line Fixed Charge Calculation Meter Size Customer Service Costs Meter Meter Ratio Monthly Rate 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $4.25 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 $7.70 1.00 1.67 3.33 5.33 10.00 16.67 33.33 53.33 76.67 $11.95 $17.11 $29.89 $45.29 $81.26 $132.62 $260.92 $414.94 $594.69 The monthly service charge for the base equivalent meter (3/4 -inch) is $11.95 per month. The proposed five-year bi-monthly fixed rates for Fire Service Line customers are as follows in Table 30: City of Lynwood - 2023 Water and Sewer Rate Study 33 59 Table 30. Proposed 5 -year Fixed Rate Schedule for Fire Service Line Customers Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Fire Service Line 3/4" 1" 1 1/2"" 2" 3" $23.89 $25.33 $26.85 $28.46 $29.88 $34.21 $36.27 $38.44 $40.75 $42.79 $59.78 $63.37 $67.17 $71.20 $74.76 $90.59 $96.02 $101.78 $107.89 $113.28 $162.51 $172.26 $182.60 $193.56 $203.23 4" $265.25 $281.16 $298.03 $315.91 $331.71 6" $521.85 $553.16 $586.35 $621.53 $652.60 8" $829.89 $879.68 $932.46 $988.41 $1,037.83 10" $1,189.37 $1,260.74 $1,336.38 $1,416.56 $1,487.39 Volumetric Rates Volumetric rates are designed based on variable costs such as water purchases, treatment, and base and peak delivery costs. Domestic Water Service For domestic water service, the current rate structure was maintained to mitigate rate impacts, one variable rate for all water used per hcf. To determine the appropriate charge for water use, the costs allocated to variable rates ($10.3 million) are divided by the projected water use for the test year (2.2 million hcf). The unit charge for water use was calculated to be $4.76 per hcf (Table 31). Table 31. Variable Charge Calculation Costs Allocated to Variable Rates Project Water Use (hcf) Variable Charge per Unit $10,328,295 2,170,409 $4.76 The proposed five-year volumetric rates for domestic water service are as follows in Table 32: Table 32. Proposed 5 -year Variable Rate Schedule for Domestic Water Service Variable Charges Variable Rate FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 All Use, per hcf $4.76 $5.04 $5.35 $5.67 $5.95 Ratio of Fixed and Variable Revenues While a majority of costs borne by the water utility are fixed and don't depend on the amount of water used, it was determined that including all fixed costs into the fixed charge would put undue burden on City of Lynwood - 2023 Water and Sewer Rate Study 34 60 small water users. Additionally, having a majority of costs allocated to the variable portion of rates should cause customers to conserve water. The proposed rates maintain the relative 3/4 allocation to variable charges which the City currently uses. Costs allocated to the fixed portion of rates include meter costs, customer service costs, peaking costs. Costs allocated to the variable portion of rates include source of supply costs, base delivery costs, and the remaining peak costs not included in fixed charges. Figure 12 shows the percentage of projected revenues collected from fixed and variable rates for the test year. Under the proposed rates, a total of $10.3 million will be recovered from variable rates and a total of $3.1 million will be recovered from fixed rates. Figure 12. Revenues Generated per Rate Category City of Lynwood - 2023 Water and Sewer Rate Study 35 61 3.4 Bill Impact Analysis This analysis compares customers' bills under current and proposed rates. The bills were calculated at the 15th percentile, 30th percentile, the 50th percentile (median), 70th percentile and the 90th percentile for each meter size to determine the impacts on distinct types of customers. The following section shows bill impacts for 3/4" and 1" customers, who make up over 92 percent of the total domestic water service customers in the City's service area. Since the variable component is being removed from fire protection meters, the impact on these meters does not change depending on the use. Domestic Water Service Bill Impact Figure 13 shows the dollar change in the bill based on 3/4" meter domestic water service, use at selected usage points as described above. The City's median 3/4" domestic water service customer uses water for 20 hcf bi-monthly. Additionally, 90 percent of 3/4" meter domestic water service customers use under 46 hcf per billing period. Figure 13. Domestic Water Service Bill Impacts by Usage for 3A" Meter $300.00 $250.00 $200.00 $150.00 Meter Size 3/4" Use Impact Impact $100.00 $83.68 $50.00 $0.00 15th Percentile 30th Percentile $75.75 M 15th percentile 9 hcf $7.93 10.5% 30th Percentile 14 hcf $10.58 10.9% 50th percentile 20 hcf $13.76 11.3% 70th percentile 28 hcf $18.00 11.5% 90th percentile 46 hcf $27.54 11.9% $107.48 $96.90 $136.04 $122.28 50th Percentile $174.12 $156.12 $259.80 $232.26 70th Percentile 90th Percentile la Fixed Current Variable Current Fixed Proposed Variable Proposed City of Lynwood - 2023 Water and Sewer Rate Study 36 62 Figure 14 shows the dollar change in the bill based on 1" meter domestic water service use at selected usage points as described above. The City's median 1" customer uses 25 hcf bi-monthly. Additionally, 90 percent of domestic water service customers use under 85 hcf per billing period. Figure 14. Domestic Water Service Bill Impacts by Usage for 1" Meters $500.00 Meter Size 1" Use Impact Impact $450.00 15th percentile 10 hcf $17.13 18.4% 30th Percentile 16 hcf $20.31 17.2% $400.00 50th percentile 25 hcf $25.08 16.0% 70th percentile 40 hcf $33.03 15.0% $350.00 90th percentile 85 hcf $56.88 13.9% $300.00 $252.91 $250.00 $219.88 $200.00 $181.51 $156.43 $150.00 $110.11 $92.98 $100.00 $50.00 $0.00 15th Percentile $138.67 $118.36 1 30th Percentile 50th Percentile ■ Fixed Current • Variable Current $467.11 $410.23 70th Percentile 90th Percentile Fixed Proposed Variable Proposed J Domestic Water Service Rate Comparison There are significant differences in the rates and rate structures of water providers in the neighboring communities to the City of Lynwood. Some of the differences are because of administrative paradigms, which are unique to each agency. For example, investor -owned utilities are allowed to make a profit on their water service, whereas municipal ones are not. Customer rates can be affected by outside funding sources such as property taxes and transfers. Finally, the rate structure itself may influence which types of users pay a proportion of costs. Figure 15 shows projected bi-monthly water rates in July 2023 for 9 local providers at 32 hcf of use. The usage level at 32 hcf was chosen because it represents the average customer usage for Lynwood's customers with a 3/4" meter. Also shown are the proposed rates for the City of Lynwood. Individual water rates range between $104.30 and $307.17 at 32 hcf of usage. The new City of Lynwood - 2023 Water and Sewer Rate Study 37 63 rates proposed for the City of Lynwood will fund O&M expenses, contribute to reserves, maintain debt service coverage ratios, and allow significant CIP spending. For customers using 32 hcf, their bills will remain near the regional average of customer bills. Figure 15. Rate Comparison Current vs. Proposed (Average Customer, %" at 32 hcf bi-monthly) $350 $307.17 $300 $250 $226.68 $200 $176.30 $193.16 $195.60 $207.12 $173.04 ■ $146.52 $159.72 - $150 $104.30 $100 $50 $0 Pico Water Compton Long Beach Lynwood Torrance Lynwood South Gate Norwalk Golden Liberty District (Current) (Proposed) State Utilities (Central East) City of Lynwood - 2023 Water and Sewer Rate Study 38 64 SEWER UTILITY 4.1 Financial Plan RDN built a 10 -year financial model for the City of Lynwood's sewer system to meet the system's long- term financial goals. The account growth and demand projections are presented for 10 years in this report. The detailed rate analysis was performed for the first five years because rate recommendations designed under Prop 218 cannot exceed five years. Revenues Based on the customer growth projections RDN conducted a revenue analysis using the current sewer rates. The City currently collects revenues from residential customers and commercial customers. The revenue analysis also includes non -operating revenues such as interest income and miscellaneous revenue. These revenues are used to offset the revenue requirements that need to be recovered from customers' rates. This projection was created under the status quo and does not include proposed revenue adjustments. Table 33. Sewer System Revenue Forecast, FY 2024 to FY 2028 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Revenue from Rates Residential Charges Commercial Charges Rate Revenue Total Other Operating Revenues Non -operating Revenues Total $1,703,927 $1,612,431 $3,316,358 $0 $23,583 $1,707,243 $1,612,431 $3,319,674 $0 $24,681 $1,710,559 $1,612,431 $3,322,990 $0 $25,840 $1,714,082 $1,612,431 $3,326,513 $0 $27,064 $1,717,605 $1,612,431 $3,330,036 $0 $28,357 $3,339,942 $3,344,355 $3,348,830 $3,353,577 $3,358,393 Operating and Maintenance (O&M) Expense The itemized O&M expenses were carefully reviewed by the City and forecast for the study period using escalation factors discussed in the Key Assumptions section. Table 34 shows the City's projected O&M expenses for the sewer utility during the study period. O&M Expenses are expected to increase by 3.1 percent on average annually. City of Lynwood - 2023 Water and Sewer Rate Study 39 65 Table 34. Sewer System O&M Expense Forecast, FY 2024 to FY 2028 Expense Category FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Water Billing/Collections Public Works Administration Engineering Bulding Maintenance Sewer Service Information Technology Total Operating $380,856 $1,039 $68,003 $52,405 $2,083,006 $62,882 $2,648,191 $392,935 $1,067 $69,948 $54,100 $2,148,132 $64,917 $2,731,099 $405,398 $1,096 $71,948 $55,851 $2,216,220 $67,018 $2,817,531 $418,258 $1,126 $74,006 $57,659 $2,284,527 $69,186 $2,904,762 $431,526 $1,157 $76,124 $59,524 $2,355,281 $71,425 $2,995,037 Other Obligations Other obligations included in the financial plan are capital improvement projects funded by PAYGO (Pay As You Go), debt service obligations, and reserve contributions made from rates. Capital Improvement Projects The City plans to spend approximately $1.25 million a year on sewer capital expenditures during the financial planning period. This analysis assumes that the City will begin cash funded capital expenditures in FY 2024. Debt Service and Coverage Ratios The City's debt service schedule totals between $2.6 million and $3.2 million a year during the study period. Debt obligations include the 2014 Lynwood Utility Authority Revenue Refunding Bonds, 2017A Lynwood Utility Authority Revenue Refunding Bonds, 2017B Lynwood Utility Authority Revenue Refunding Bonds, and 2020 Lynwood Utility Authority Revenue Refunding Bonds. Additionally, if the City issues the SRF loan, payments will begin in FY 2025, these payments were included in the financial plan. It is the City's policy to consider revenues and expenses from both the water and sewer utility in debt service coverage ratio (DCSR) calculations. Under the current rates, the City is in technical default as net revenues are not 125 percent greater than debt service payments. Table 35 shows the revenues and expenses for both the water and sewer utility under the current rates and the resulting debt service coverage ratio. City of Lynwood - 2023 Water and Sewer Rate Study 40 66 Table 35. Utility Revenue and Expenses Under the Current Rates and Overall Debt Service Coverage Ratio FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Water Revenue $11,826,594 Sewer Revenue $3,339,942 Water O&M $10,797,122 Sewer O&M $2,648,191 Net Revenue $1,721,223 Debt Service $2,583,344 DSCR 0.67 $11,855,704 $3,344,355 $11,191,458 $2,731,099 $1,277,501 $3,181,486 0.40 $11,885,136 $3,348,830 $11,605,595 $2,817,531 $810,839 $3,183,573 0.25 $11,914,909 $3,353,577 $12,033,392 $2,904,762 $330,332 $3,184,563 0.10 $11,945,043 $3,358,393 $12,478,342 $2,995,037 ($169,944) $3,184,292 (0.05) Reserves The City must maintain an appropriate reserve balance to ensure the day-to-day operation will continue during emergencies and guarantee the future stability of the system. The City's financial goal is to build an appropriate level of cash reserves for each reserve fund included in the financial plan of this Study. RDN recommends the City develop specific reserve fund policies to direct the appropriate reserve target balances for each utility. Reserve recommendations for the water utility are described below: • Operating Fund: the minimum target balance of the fund should equal six months of budgeted operating expenses for the upcoming year. It was established to maintain working capital for current operations and to meet routine cash flow needs for the general operations and debt service payments of the system. • Capital Improvement Fund: The fund's minimum annual allocation should equal the budgeted yearly capital expenses. The fund was established to support capital projects that improve repair, rehabilitate, or replace the capital assets, and eliminate the risk of "use it or lose it" type of spending on infrastructure. Reserve targets at the end of the study period reach $3.2 million which include 6 months of operating and one year of planned capital expenditures. Since the sewer utility's balance is above the target reserves, the sewer utility will not contribute any additional funds to their cash balance, instead, some of the current balance will be used to offset rate adjustments. Revenue Requirements Table 36 displays the water utility's revenue requirements for FY 2024 through FY 2028. The total expense for each year is offset by other operating revenues and non -operating revenues to compute a pure portion of revenue requirements that need to be recovered from customers' rates. RDN proposes annual revenue adjustments of 4.0 percent, 4.0 percent, 4.0 percent, 4.0 percent, and 4.0 percent for FY 2024 through FY 2028, respectively, to reach the financial goal set by the City. City of Lynwood - 2023 Water and Sewer Rate Study 41 67 Table 36. Revenue Requirements for City of Lynwood Sewer Utility, FY 2024 — FY 2028 Revenue Requirements FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 O&M Expenses Capital Expenditures (PAYGO) Non -Operating Revenue Net Balance From Operations Rate Revenue Requirement $2,648,191 $1,250,000 ($23,583) ($425,595) $3,449,013 $2,731,099 $2,817,531 $1,250,000 $1,250,000 ($24,681) ($25,840) ($365,859) ($303,780) $3,590,560 $3,737,912 $2,904,762 $2,995,037 $1,250,000 $1,250,000 ($27,064) ($28,357) ($236,148) ($165,182) $3,891,550 $4,051,498 Financial Plan Based on the projected total revenue and necessary costs to be recovered during the study period, RDN built a financial plan that will generate sufficient revenues for the day-to-day operation and annual PAYGO and make appropriate contributions to reserves. The City currently has a projected ending cash balance of $6.0 million in FY 2023. Table 37 shows the status quo water pro forma with no revenue adjustments and the resulting ending balances. Table 37. Status Quo Financial Pro Forma for City of Lynwood Sewer System, FY 2024 to FY 2028 Rate Increase Rate Month Implemented 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Cash Position Opening Balance $5,904,591 $5,953,218 $5,394,969 $4,758,224 $4,039,523 $3,238,338 Revenues Sewer Rate Revenue .......................................................................... Other Operating Revenue Non -Operating Revenue Total Revenues $ 3,335,587 $ 3,339,942 $ 3,344,355 $ 3,348,830 $ 3,353,577 $ 3,358,393 $ 3,313,042 $ 3,316,358 $ 3,319,674 $ 3,322,990 $ 3,326,513 $ 3,330,036 $ - $ - $ - $ - $ - $ $ 22,544 $ 23,583 $ 24,681 $ 25,840 $ 27,064 $ 28,357 Operating Expenses $ 2,546,960 $ 2,648,191 $ 2,731,099 $ 2,817,531 $ 2,904,762 $ 2,995,037 Current Debt Service $ - $ - $ - $ - $ - $ Proposed Debt Service $ - $ - $ - $ - $ - $ Total Operating and Debt Service $2,546,960 $2,648,191 $2,731,099 $2,817,531 $2,904,762 $2,995,037 Net Revenues $ 788,627 $ 691,751 $ 613,255 $ 531,299 $ 448,815 $ 363,356 Capital Expenditure Debt Grants Cash $1,720,000 $1,250,000 $1,250,000 $1,250,000 $1,250,000 $1,250,000 $ 980,000 $ - $ - $ $ - $ - $ - $ - $ - $ - $ $ $ 740,000 $1,250,000 $1,250,000 $1,250,000 $1,250,000 $1,250,000 Net Income Ending Balance $ 48,627 $ (558,249) $ (636,745) $ (718,701) $ (801,185) $ (886,644) $ 5,953,218 $ 5,394,969 $ 4,758,224 $ 4,039,523 $ 3,238,338 $ 2,351,693 Reserve Target $3,075,004 $2,482,143 $2,860,121 $2,984,860 $3,110,000 $3,236,661 Table 38 shows the proposed water pro forma for the study period with the recommended revenue adjustments per year. City of Lynwood - 2023 Water and Sewer Rate Study 42 68 Table 38. Financial Pro Forma for City of Lynwood Sewer System, FY 2023 to FY 2028 Rate Increase 4.0% Rate Month Implemented 4.0% 4.0% 4.0% 4.0% September July July July July FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Cash Position Opening Balance $5,904,591 $5,953,218 $5,505,514 $5,139,655 $4,835,875 $ 4,599,727 Revenues Sewer Rate Revenue $ 3,313,042 $ 3,426,904 $ 3,590,560 $ 3,737,912 $ 3,891,550 $ 4,051,498 Other Operating Revenue Non -Operating Revenue $ 22,544 $ 23,583 $ 24,681 $ 25,840 $ 27,064 $ 28,357 Total Revenues $ 3,335,587 $ 3,450,487 $ 3,615,240 $ 3,763,752 $ 3,918,614 $ 4,079,855 $ - $ Operating Expenses $2,546,960 $2,648,191 $2,731,099 $2,817,531 $2,904,762 $ 2,995,037 Current Debt Service $ $ $ $ - $ - $ Proposed Debt Service Total Operating and Debt Service $2,546,960 $2,648,191 $2,731,099 $2,817,531 $2,904,762 $ 2,995,037 Net Revenues 788,627 $ 802,296 $ 884,141 $ 946,220 $1,013,852 $ 1,084,818 Capital Expenditure Debt $1,720,000 $1,250,000 $1,250,000 $1,250,000 $1,250,000 $ 1,250,000 980,000 Grants - $ $ - $ Cash 74 0,0 00 $1,250,000 $1,250,000 $1,250,000 $1,250,000 $ 1,250,000 Net Income $ 48,627 $ (447,704) $ (365,859) $ (303,780) $ (236,148) $ (165,182) $ 5,953,218 $ 5,505,514 $ 5,139,655 $ 4,835,875 $ 4,599,727 $ 4,434,545 Ending Balance Reserve Target $3,075,004 $2,482,143 $2,860,121 $2,984,860 $3,110,000 $3,236,661 City of Lynwood - 2023 Water and Sewer Rate Study 43 69 4.2 Cost of Service Analysis In the same way as the water system's Cost of Service (COS) analysis was performed, a sewer system's COS analysis also utilizes a three -step approach to allocate costs proportionally among different customer classes. These steps include 1) functionalization of costs, 2) cost classification, and 3) cost allocation to customers. Provided below is a detailed discussion of the sewer COS analysis conducted for the City, and the specific steps taken for the analysis. Functionalization of Costs The typical major functions included in a sewer study are collection, pumping, sewer treatment, and other sewer services. The City does no sewer treatment as this function is borne by LACSD treatment facilities, so no costs were allocated to the treatment functions. RDN carefully distributed each of the O&M expenses and the asset items into these functions. Table 39 and Table 40 show the allocation of the operating budget and ten years of CIP expenses to the standard sewer functions, respectively. Over 65 percent of operating expenses are attributed to Administrative and General functions and all the identified planned capital expenditures for the sewer utility are for conveyance. Table 39. Percentage of Operating Costs Allocated to Standard Functions O&M Expense Category Allocation Percent Sewer Collection Pumping Customer Accounts Administrative and general Total O&M $296,539 $244,134 $380,856 $1,726,662 $2,648,191 11.2% 9.2% 14.4% 65.2% 100.0% Table 40. Percentage of Non -operating Costs Allocated to Standard Functions Non -operating Expense Category Allocation Percent Sewer Collection Total CIP $14,220,000 100.0% $14,220,000 100.0% Once costs were functionalized, RDN further classified the costs into two service categories (cost causative components): • Volume related costs - those costs which tend to vary with the total quantity of wastewater collected and transmitted. City of Lynwood - 2023 Water and Sewer Rate Study 44 70 • Other sewer service -related costs — those costs which are a function of the number of customers served. Customer related costs typically include the costs of billing, collecting, and accounting. Because no strength components were used, sewer flow ratios represent a proxy of the relative cost of service differences between customers. Flow differences between the two customer classes were determined by estimating the relative differences in the current rates and adjusting the total flow to reflect estimates used in the 2017 Water and Sewer Rate Study". Customer service costs were allocated, then divided, by the total number of customers in each class. Once this process was complete, and the customer classes were identified, the unit cost of these classified costs were calculated and further allocated to different customer classes using the unit of services specific to the class. Table 41 through Table 44 show the functionalized costs allocated to the cost causative components. Table 41. Percent of O&M Functional Categories Allocated to Cost Components O&M Expense Category Volume Sewer Service Sewer Collection Pumping Customer Accounts Administrative and general 100% 100% 0% 59% 0.0% 0.0% 100.0% 41.3% Table 42. Total of O&M Functional Categories Allocated to Cost Components O&M Expense Category Total Volume Sewer Service Sewer Collection Pumping Customer Accounts Administrative and general Percent of Total $296, 539 $244,134 $380,856 $1,726,662 $296,539 $244,134 $0 $1,013,055 58.7% $0 $0 $380,856 $713,606 41.3% Table 43. Percent of Non -operating Functional Categories Allocated to Cost Components Non -Operating Category Volume Sewer Service Sewer Collection 100% 0.0% 11 Water and Sewer Rate Study (2017) City of Lynwood, CA. Black & Veatch. City of Lynwood - 2023 Water and Sewer Rate Study 45 71 Table 44. Total of Non -operating Functional Categories Allocated to Cost Components Non -Operating Category Total Volume Sewer Service Sewer Collection Percent of Total $14,220,000 $14,220,000 100.0% $0 0.0% Table 45 displays the functionalized O&M costs and other obligation costs allocated to cost causative components for the sewer system. The non -operating expenses for the test year are made up of planned PAYGO capital expenditures of $1.3 million. Those costs are distributed to the cost components based on the final percentages shown Table 44, above. Operating allocations are based on the actual projected test year expense and the total for each cost component reflect the percentages in Table 42. Table 45. Revenue Requirement Cost Allocation by Cost Component Cost Allocation Summary Total Volume Sewer Service O&M Revenue Requirements Non -Operating Revenue Requirements Other Operating Revenue Non -Operating Revenue Net Balance From Operations Rate Revenue Requirement $2,648,191 $1,250,000 $3,898,191 0% $0 ($23,583) ($425,595) $3,449,013 $1,553,729 $1,250,000 $2,803,729 72% $0 ($16,962) ($306,104) $2,480,662 $1,094,462 $0 $1,094,462 28% $0 ($6,621) ($119,491) $968,350 Allocation to Units In developing equitable rate structures, revenue requirements are allocated to Residential and Commercial customers commensurate with customer demand and services rendered. The costs are allocated to customer classes according to the volume of discharge, the relative strength of discharge, and number of connections. Table 46, Table 47, Table 48 and Table 49 show the calculations used to allocate costs to each customer class. First an overall number of units was determined for each cost component (Table 46). Then, the costs allocated to each cost component were divided by the number of units to determine a unit cost (Table 47). Table 48 shows the number of units allocated to each customer class. Based on the 2017 cost allocation, volume units were divided among the customer classes to represent the identified cost difference. Customer units are based on the current number of sewer customers under each class in the City's billing records. Finally, the costs were allocated to each customer class based on the number of applicable units which were directly related to that customer class (Table 49). The final cost allocations are used to determine rates. City of Lynwood - 2023 Water and Sewer Rate Study 46 72 Table 46. Cost of Service Units of Service Unit Count of Units Customers Flow 9,661 2,183,719 Table 47. Cost of Service Unit Cost Volume Sewer Service Rate Revenue Requirement $2,480,662 Units 2,183,719 Unit Cost $1.14 $968,350 9,661 $100.23 Table 48. Cost of Service Units by Customer Class Customer Class Volume Units Service Units Residential Commercial 852,902 1,330,816 8,206 1,455 Table 49. Cost of Service Allocation by Customer Class Customer Class Residential Commercial 4.3 Rate Design Total Volume $1,791,392 $1,657,621 Sewer Service $968,881 $822,511 $1,511,782 $145,839 The City's sewer rates are comprised of a fixed bi-monthly service charge. The fixed service charge is applied to each of the City's connections. Sewer Rates Table 50 shows the calculation used to develop proposed sewer rates for FY 2023-24. To develop rates for all customers, the total cost allocation by customer class was divided by the number of customers for each then by the number of annual bills. Table 50. Proposed Test Year Sewer Rate Calculation Customer Total Class Allocation Customers Bills Bi-monthly Rate Residential Commercial $1,791,392 $1,657,621 8,206.00 1,455.00 6.00 6.00 $36.38 $189.88 City of Lynwood - 2023 Water and Sewer Rate Study 47 73 Table 51 shows the proposed 5 year rate sewer rate schedule under this financial plan which include 4 percent annual increases. Table 51. Proposed 5 -year Sewer Rate Schedule FY 2023-24 to FY 2027-28 Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Residential Commercial $36.38 $37.84 $39.35 $40.93 $42.56 $189.88 $197.47 $205.37 $213.59 $222.13 4.4 Bill Impacts RDN performed an extensive bill impact analysis to find the optimal rates with the least impact across all customers. Note that the bill impact shown below only reflects the test year rates. Residential and Commercial Customers Bill Impact This analysis compares customer's bill under current and proposed rates. Figure 16 shows the dollar change in the bill based on the sewer customer's usage. All customers are billed a fixed charge regardless of the flow. Under the proposed rates, residential customers will see a bi-monthly increase of $1.84 and commercial customers will see a bi-monthly increase of $5.18 because of slight changes to the cost allocation. Figure 16. Sewer Rate Impacts Current Versus Proposed Rates $200 $189.88 $184.70 $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 $34.54 $36.38 Residential Commercial ■ Current Rates ■ FY 2024 City of Lynwood - 2023 Water and Sewer Rate Study 48 74 Generally speaking, Cities in the surrounding area also provide sewer collection services only. Sewer rates tend to vary based on the amount of infrastructure replacement needed for the particular service area. Figure 17 shows the City's current and proposed sewer rates compared to six surrounding agencies for residential customers. The City's proposed rates stay in the same position when compared to other local sewer providers. Figure 17. Sewer Rate Comparison for Residential Customers $140 $120 $100 $80 $60 $40 $20 $14.00 $0 ■ $15.16 $20.66 $30.60 $34.54 $36.39 $37.14 South Gate Norwalk Torrance Long Lynwood Lynwood Gardena Beach (Current (Proposed) $116.00 Los Angeles San City of Lynwood - 2023 Water and Sewer Rate Study 49 75 CONCLUSION 5.1 Summary of Recommendations and Financial Results Recommendations: Water • Aligning meter ratios to match AWWA recommendations to provide a basis for different levels of service requirements between meter sizes • Removing the variable portion of rates for private fire connections • Adjusting rates annually by the recommended revenue adjustments of 14.5 percent, 6.0 percent, 6.0 percent, 6.0 percent, and 5.0 percent, respectively Sewer • Adjusting rates annually by the recommended revenue adjustments of 4.0 percent per year The following figures summarize the recommendations of this report: Figure 18 shows the status quo water financial plan used for this study. Figure 18. Rate Study Water Status Quo Financial Plan $18 0 $16 $14 $12 $10 $8 $6 $4 $2 $0 ■ 1 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Total Operating Expense imm Debt Service Capital Paygo —Total Revenue Figure 19 shows the City's water utility ending cash balances with no adjustments to the revenue requirements. City of Lynwood - 2023 Water and Sewer Rate Study 50 76 Figure 19. Ending Water Cash Balances with No Revenue Adjustment $10 0 $8 $6 $4 $2 $0 -$2 -$4 -$6 -$8 FY 2023 FY 2024 FY 2025 FY 2026 Figure 20 shows the recommended annual water revenue adjustments for each year of the rate setting period. City of Lynwood - 2023 Water and Sewer Rate Study 51 77 Figure 20. Recommended Water Revenue Adjustment 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 14.5% 6.0% 6.0% 6.0% 5.0% FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Figure 21 shows the proposed financial plan with revenue adjustments used for this study. $18 0 5 $16 $14 $12 $10 $8 $6 $4 $2 $0 Figure 21. Recommended Rate Study Adjusted Water Financial Plan 1 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Total Operating Expense Debt Service Capital Paygo —Total Revenue City of Lynwood - 2023 Water and Sewer Rate Study 52 78 Table 52 shows the current and resulting fixed rates and variable rates based on the proposed revenue adjustments and cost of service analysis for each year of the rate setting period, respectively. Table 52. Proposed Fixed and Variable Rates Based on the Proposed Revenue Adjustment Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Domestic Water Service 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" Fire Service Line 3/4" 1" 1 1/2"" 2" 3" 4" 6" 8" 10" $40.84 $43.29 $45.89 $48.64 $51.07 $62.51 $66.26 $70.24 $74.45 $78.18 $116.21 $123.18 $130.57 $138.41 $145.33 $180.90 $191.76 $203.26 $215.46 $226.23 $331.96 $351.88 $372.99 $395.37 $415.14 $547.72 $580.58 $615.42 $652.34 $684.96 $1,086.62 $1,151.82 $1,220.93 $1,294.19 $1,358.89 $1,733.57 $1,837.58 $1,947.83 $2,064.70 $2,167.94 $2,488.55 $2,637.86 $2,796.13 $2,963.90 $3,112.10 $23.89 $34.21 $59.78 $90.59 $162.51 $265.25 $521.85 $829.89 $1,189.37 $25.33 $36.27 $63.37 $96.02 $172.26 $281.16 $553.16 $879.68 $1,260.74 $26.85 $38.44 $67.17 $101.78 $182.60 $298.03 $586.35 $932.46 $1,336.38 $28.46 $40.75 $71.20 $107.89 $193.56 $315.91 $621.53 $988.41 $1,416.56 $29.88 $42.79 $74.76 $113.28 $203.23 $331.71 $652.60 $1,037.83 $1,487.39 Variable Charges Variable Rate FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 All Use, per hcf $4.76 $5.04 $5.35 $5.67 $5.95 Figure 22 shows the City's ending cash balances after revenue and rate adjustments are made. City of Lynwood - 2023 Water and Sewer Rate Study 53 79 Figure 22. Recommended Ending Water Cash Balances with Revenue Adjustment w $12 c 0 $10 $8 $6 $4 $2 $0 Reserve Target FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Figure 23Figure 18 shows the status quo sewer financial plan used for this study. City of Lynwood - 2023 Water and Sewer Rate Study 54 80 Figure 23. Rate Study Sewer Status Quo Financial Plan 4.5 c 0 5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 i 1 • FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Total Operating Expense Debt Service Capital Paygo Total Revenue Figure 24 shows the City's sewer utility ending cash balances with no adjustments to the revenue requirements. City of Lynwood - 2023 Water and Sewer Rate Study 55 81 Figure 24. Ending Sewer Cash Balances with No Revenue Adjustment N $7.0 c 0 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 FY 2023 FY 2024 Il FY 2025 FY 2026 FY 2027 FY 2028 Figure 25 shows the recommended annual sewer revenue adjustments for each year of the rate setting period. City of Lynwood - 2023 Water and Sewer Rate Study 56 82 Figure 25. Recommended Sewer Revenue Adjustment 4.5% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Figure 26 shows the proposed financial plan with revenue adjustments used for this study. $4.5 c 0 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0 Figure 26. Rate Study Adjusted Sewer Financial Plan FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Total Operating Expense Debt Service Capital Paygo —Total Revenue City of Lynwood - 2023 Water and Sewer Rate Study 57 83 Table 53 show the current and resulting sewer rates based on the proposed revenue adjustments and cost of service analysis for each year of the rate setting period, respectively. Table 53. Proposed Sewer Rates Based on the Proposed Revenue Adjustment Fixed Charges Customer Class FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Residential Commercial $36.38 $37.84 $39.35 $40.93 $42.56 $189.88 $197.47 $205.37 $213.59 $222.13 Figure 27 shows the City's ending cash balances after revenue and rate adjustments are made. Figure 27. Recommended Ending Sewer Cash Balances with Revenue Adjustment N $7 $6 $5 $4 $3 $2 $1 $0 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Figure 28 Shows combined debt service coverage ratios with and without the proposed adjustments for water and sewer utilities. City of Lynwood - 2023 Water and Sewer Rate Study 58 84 Figure 28. Recommended Combined Debt Service Coverage for Water and Sewer Utilities 2.00 1.50 1.25 1.00 0.50 0.00 -0.50 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 —No Adjustment Debt Service Coverage Adjusted Debt Service Coverage DSCR Target City of Lynwood - 2023 Water and Sewer Rate Study 59 85 5.2 Rate Comparison Water $350 $300 $250 $200 $150 $100 $50 $0 $104.30 $146.52 $159.72 $173.04 $207.12 $226.68 $193.16 $195.60 - $176.30 � $307.17 Pico Water Compton Long Beach Lynwood Torrance Lynwood South Gate Norwalk Golden Liberty District (Current) (Proposed) State Utilities (Central East) City of Lynwood - 2023 Water and Sewer Rate Study 60 86 Sewer $140 $120 $100 $80 $60 $40 $20 $14.00 $0 $15.16 $20.66 $30.60 $34.54 1 $36.39 $37.14 South Gate Norwalk Torrance Long Lynwood Lynwood Gardena Beach (Current (Proposed) City of Lynwood - 2023 Water and Sewer Rate Study $116.00 Los Angeles San 61 87 APPENDIX Water O&M Expense Total Operating Expense. Marketing Division 60001 Salaries wages Marketing Division 60015 Overtime Marketing Division 61001 PERS-retirement Marketing Division 61015 Employer's medicare Marketing Division 61020 State disability insurance Marketing Division 61025 Unemployment insurance Marketing Division 61030 Workers' compensation Marketing Division 61035 Group insurance Marketing Division 61036 Retirees group insurance Marketing Division 64005 Liability insurance expense Water Billing/Collections 60001 Salaries Water Billing/Collections 60005 Temporary/part-time Water Billing/Collections 60015 Overtime Water Billing/Collections 60020 Performance pay Water Billing/Collections 60025 Auto allowance Water Billing/Collections 61001 PERS- retirement Water Billing/Collections 61006 Unfunded Accrued Liability Water Billing/Collections 61010 Employer's FICA Water Billing/Collections 61015 Employer's Medicare Water Billing/Collections 61020 State disability ins. Water Billing/Collections 61025 Unemployment insurance Water Billing/Collections 61030 Workers compensation Water Billing/Collections 61035 Group insurance Water Billing/Collections 61036 Retirees group Insurance Water Billing/Collections 61045 Compensated absences. Water Billing/Collections 61046 Pension expense (GASB 68) Water Billing/Collections 61047 OPEB expense (GASB 75) Water Billing/Collections 61050 Educational reimbursement Water Billing/Collections 62001 Legal Fees Water Billing/Collections 62005 Audit fees Water Billing/Collections 62015 Prof. &contractual services Water Billing/Collections 62016 Security Services Water Billing/Collections 62025 Advertising & printing Water Billing/Collections 62030 Collection expense Water Billing/Collections 62062 Imaging Services Water Billing/Collections 62063 Credit Card Service Fee Water Billing/Collections 63002 Water-LUA Water Billing/Collections 63025 Repairs/main-bldg&equip. Water Billing/Collections 63026 Building Improvements Water Billing/Collections 63030 Rental bldgs & equipment Water Billing/Collections 64005 Liability insurance expense Water Billing/Collections 64015 Travel & meetings Water Billing/Collections 64399 Other fees for svgs Water Billing/Collections 65015 Office supplies Water Billing/Collections 65020 Operating supplies Water Billing/Collections 65021 Paper supplies Water Billing/Collections 65035 Postage Water Billing/Collections 65040 Dues &subscriptions Water Billing/Collections 66015 Machinery &equip. Water Billing/Collections 66035 Office equipment Water Billing/Collections 67001 Bad debts Water Billing/Collections 67950 Miscellaneous expense Human Resources 60001 Salaries wages Human Resources 60005 Temporary part-time Human Resources 60015 Overtime Human Resources 60020 Performance pay/educational Human Resources 60025 Auto allowance Human Resources 61001 PERS-retirement Human Resources 61004 Employer's 457 Human Resources 61006 Unfunded Accrued Liability Human Resources 61010 Employer's FICA Human Resources 61015 Employer's medicare Human Resources 61020 State disability Insurance Human Resources 61025 Unemployment insurance Human Resources 61030 Workers' compensation Human Resources 61035 Group insurance Human Resources 61036 Retirees group insurance Human Resources 61037 Cash in Lieu Human Resources 61050 Education exp. reimbursement Human Resources 62001 Legal Fees Human Resources 62015 Prof & contractual svgs Human Resources 62016 Security Services Human Resources 62062 Imaging Services Human Resources 63025 Repairs/main-bldg & equip. Human Resources 63030 Rental bldgs&equipment Human Resources 64005 Liability insurance expense Human Resources 64015 Travel & meetings Human Resources 64399 Other fees for services Human Resources 64501 Telephone Human Resources 64515 Wifi expense Human Resources 65001 Electricity Human Resources 65005 Natural Gas Human Resources 65015 Office supplies Human Resources 65020 Operating supplies Human Resources 65021 Paper supplies Human Resources 65035 Postage Human Resources 66015 Machinery&equipment Human Resources67901 Contingent' set -aside Human Resources 67950 Miscellaneous expense Employee Personnel Services 60001 Salaries wages Budget FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 FY2032 FY2033 510,290,107 510,290,107 510,797,122 $11,191,458 511,605,595 512,033,392 512,478,342 512,940,763 513,421,380 513,920,950 $14,440,265 514,980,150 $41,462 Payroll 541,462 542,804 $44,189 $45,619 547,095 $48,619 550,192 $51,817 553,493 555,224 557,011 $0 Payroll 50 $0 50 50 50 50 $0 50 50 50 $0 $4,731 Payroll $4,731 $4,884 55,042 55,205 55,374 55,548 55,727 55,912 $6,104 56,301 56,505 5591 Payroll 5591 5610 5630 5650 5671 5693 5715 5739 5762 5787 5813 5183 Other Employee 5183 $189 5195 5201 5208 $215 5222 $229 5236 5244 $252 $408 Other Employee 5408 5421 $435 $449 $463 5478 5494 5510 5526 5543 5561 56,367 Other Employee 56,367 56,573 56,786 57,005 $7,232 57,466 57,708 57,957 58,215 $8,480 58,755 57,871 Other Employee $7,871 $8,126 58,389 58,660 $8,940 59,230 59,528 59,837 510,155 510,484 510,823 $5,545 Other Employee 55,545 55,724 $5,910 56,101 56,298 56,502 56,713 56,930 57,154 57,386 57,625 $0 Other Employee 50 50 $0 50 50 50 50 50 $0 $0 $0 5226,651 Payroll 5226,651 $233,985 $241,557 5249,374 5257,444 5265,775 5274,375 5283,254 5292,420 $301,883 5311,652 $0 Payroll 50 $0 50 50 $0 50 50 50 $0 $0 $0 50 Payroll 50 50 50 50 $0 50 50 $0 50 50 50 50 Payroll $0 $0 50 50 50 50 50 50 50 50 50 $0 overall $0 $0 $0 50 50 50 50 50 50 50 $0 523,087 Payroll 523,087 523,834 524,605 525,402 526,224 527,072 527,948 528,853 529,786 530,750 $31,745 50 Payroll 50 $0 50 50 50 50 $0 50 50 50 50 $0 Other Employee 50 50 50 50 50 50 50 50 50 50 $0 53,185 Other Employee 53,185 53,288 $3,394 53,504 53,618 53,735 53,856 53,980 $4,109 $4,242 $4,379 $1,099 Other Employee $1,099 51,135 51,171 51,209 51,248 51,289 51,330 $1,373 $1,418 $1,464 $1,511 52,114 Other Employee 52,114 52,182 52,253 52,326 52,401 52,479 52,559 52,642 52,727 52;816 52,907 537,707 Other Employee 537,707 538,927 540,187 541,487 542,830 544,216 $45,647 547,124 548,649 550,223 551,848 558,441 Other Employee $58,441 560,332 562,284 564,300 566,381 568,529 $70,746 $73,036 575,399 577,839 580,358 $32,841 Other Employee $32,841 533,904 535,001 536,133 537,303 $38,510 $39,756 $41,043 542,371 543,742 $45,157 $0 Other Employee $0 50 50 50 50 $0 So 50 50 50 $0 50 Other Employee 50 50 50 50 50 50 50 50 $0 50 50 50 Other Employee 50 50 50 50 50 50 $0 50 50 50 50 $0 Overal 50 50 $0 50 50 50 50 50 $0 50 $0 SD Overal 50 50 50 50 50 50 $0 $0 50 $0 50 $12,000 Overal 512,000 $12,472 512,810 513,157 513,513. $13,878 $14,254 514,640 515,036 $15,443 515,860 519,950 Overal 519,950 520,735 521,297 521,873 522,465 523,073 523,697 524,338 524,997 525,673 526,368 515,261 Overal 515,261 515,862 516,291 516,732 $17,185 517,650 518,127 $18,618 519,122 519,639 520,170 5850 Overal 5850 5883 5907 $932 5957 $983 51,010 $1,037 $1,065 $1,094 $1,123 50 Overal $0 50 $0 50 $0 50 50 $0 50 50 $0 $0 Overal 50 50 50 50 50 50 50 50 50 50 50 50 Overal 50 50 $0 50 50 50 50 50 $0 50 50 510,441 Overal 510,441 510,852 511,146 511,447 511,757 512,075 512,402 512,738 517,082 513,436 513,800 $0 Overal 50 50 50 50 50 50 50 $0 $0 50 50 50 Overal 00 50 50 50 50 50 50 50 50 $0 50 52,903 Overal 52,900 53,014 53,096 53,180 53,266 53,354 53,445 53,538 53,634 53,732 53,833 544,958 Other Employee 544,958 $46,413 547,915 549,465 551,066 $52,718 554,424 556,186 558,004 559,881 $61,819 $0 Overal 50 $0 50 50 50 50 50 50 50 50 50 $0 Overal 50 50 50 50 50 50 50 50 50 50 50 5300 Overal 5300 5312 5320 $329 5338 5347 5356 $366 $376 $386 5397 5860 Overal 5860 5894 5918 5943 5968 5995 51,022 51,049 51,078 $1,107 51,137 $0 Overal 50 50 50 50 50 50 50 50 50 $0 50 511,500 Overal 511,500 511,953 512,276 512,608 $12,950 513,300 513,660 $14,030 514,409 514,799 515,200 50 Overal $0 50 50 50 50 50 50 $0 50 50 50 51,303 Overal 51,300 $1,351 $1,388 51,425 51,464 51,503 51,544 51,586 $1,629 51,673 51,718 50 Overal 50 $0 50 50 50 50 50 50 50 50 50 $0 Overal 50 50 50 50 50 50 50 50 50 50 50 580 Overal $80 583 $85 588 590 593 595 598 5100 5103 5106 588,759 Payroll 588,759 $91,631 594,596 597,658 5100,818 5104,080 5107,448 5110,925 5114,515 5118,221 5122,046 50 Payroll 50 50 50 50 50 50 50 50 50 50 50 $0 Payroll 50 50 50 $0 50 50 50 50 50 $0 $0 $0 Other Employee 50 50 50 50 50 50 50 50 50 50 50 50 Other Employee 50 50 50 50 50 50 50 50 50 50 50 59,433 Other Employee $9,433 59,738 510,053 510,379 510,715 511,061 511,419 511,789 512,170 512,564 512,971 $0 Other Employee 50 50 50 50 50 50 50 50 50 50 50 50 Other Employee 50 50 50 $0 50 50 $0 50 50 50 $0 $0 Other Employee 50 50 50 50 50 50 50 $0 50 50 50 51,182 Other Employee 51,182 51,220 $1,260 51,301 51,343 51,386 51,431 51,477 51,525 51,574 51,625 5406 Other Employee 5406 5419 $433 $447 $461 5476 5491 5507 5524 5541 5558 5690 Other Employee 5690 5712 5735 5759 $784 $809 $835 $862 $890 5919 5949 513,851 Other Employee 513,851 $14,299 $14,762 $15,240 $15,733 516,242 516,767 $17,310 517,870 518,449 $19,046 $14,746 Other Employee 514,746 515,223 515,716 516,224 516,749 517,291 $17,851 $18,429 $19,025 519,641 520,276 512,063 Other Employee $12,063 512,453 $12,856 513,272 513,702 $14,145 $14,603 515,076 515,563 $16,067 516,587 50 Overall $0 50 50 50 50 50 50 50 50 $0 50 $0 Overall 50 50 50 50 50 50 50 50 $0 50 $0 $0 Overall 50 50 50 50 50 50 $0 50 50 50 50 $0 Overall 50 50 50 50 50 50 50 $0 $0 50 50 $0 Overall $0 $0 50 50 50 5o $0 50 50 $0 $0 $0 Overall 50 50 50 50 50 50 50 $0 50 50 $0 $0 Overall 50 50 50 50 50 50 50 50 50 50 50 $0 Overall 50 50 50 $0 50 50 $0 $0 50 50 50 $14,715 Other Employee 514,715 515,191 $15,683 516,190 $16,714 517,255 $17,813 $18,390 518,985 519,599 520,234 $0 Overal 50 50 $0 50 50 50 50 50 50 $0 $0 SO Overal 50 50 50 50 50 50 $0 50 $0 50 $0 $0 Overal 50 50 50 50 $0 50 $0 50 $0 50 $0 50 Overal 50 50 50 50 50 50 $0 50 50 $0 50 $0 Overal 50 50 50 50 50 $0 $0 $0 50 50 50 50 Overal 50 50 $0 $0 50 50 50 50 50 50 $0 50 Overal 50 $0 50 50 50 50 50 $0 50 50 50 50 Overal 50 50 50 $0 $0 50 50 50 50 50 50 $0 Overal $0 $0 50 $0 50 50 50 50 50 $0 50 50 Overal 50 50 50 50 50 $0 50 $0 50 50 50 $0 Overal $0 50 $0 50 50 50 50 50 50 $0 $0 50 Overal 50 $0 50 $0 50 50 50 50 50 50 50 $0 Overal 50 $0 50 50 50 50 50 50 $0 $0 50 $88,759 Payroll 588,759 $91,631 5994,596 597,658 5100,818 5104,080 $107,448 $110,925 $114,515 5118,221 5122,046 City of Lynwood - 2023 Water and Sewer Rate Study 62 88 Employee Personnel Services 60005 Temporary part-time Employee Personnel Services 60015 Overtime Employee Personnel Services 60020 Performance pay/educational Employee Personnel Services 60025 Auto allowance Employee Personnel Services 60035 Incentive programs Employee Personnel Services 60999 Other Pay Employee Personnel Services 61001 PERS-retirement Employee Personnel Services 61004 Employer's 457 Employee Personnel Services 61006 Unfunded Accrued Liability Employee Personnel Services 61010 Employer's FICA Employee Personnel Services 61015 Employer's medicare Employee Personnel Services 61020 State disability Insurance Employee Personnel Services 61025 Unemployment insurance Employee Personnel Services 61030 Workers' compensation Employee Personnel Services 61035 Group insurance Employee Personnel Services 61036 Retirees group insurance Employee Personnel Services 61037 Cash in Lieu Employee Personnel Services 61050 Education exp. reimbursement Employee Personnel Services 62001 Legal Fees Employee Personnel Services 62015 Prof & contractual svcs Employee Personnel Services 62025 Advertising & printing Employee Personnel Services 62062 Imaging Services Employee Personnel Services 64005 Liability insurance expense Employee Personnel Services 64010 Employee training costs Employee Personnel Services 64015 Travel & meetings Employee Personnel Services 64399 Other fees for services Employee Personnel Services 64501 Telephone Employee Personnel Services 65015 Office supplies Employee Personnel Services 65020 Operating supplies Employee Personnel Services 65021 Paper supplies Employee Personnel Services 65040 Dues&subscriptions Employee Personnel Services 66015 Machinery & equipment Employee Personnel Services 67410 Claims and/or Settlement Employee Personnel Services 67901 Contingency set -aside Employee Personnel Services 67950 Miscellaneous expense Engineering 60001 Salaries wages Engineering 60015 Overtime Engineering 60025 Auto allowance Engineering 61001 PERS-retirement Engineering 61004 Employer's 457 Engineering 61015 Employer's medicare Engineering 61020 State disability insurance Engineering 61025 Unemployment insurance Engineering 61030 Workers' compensation Engineering 61035 Group insurance Engineering 61036 Retirees group insurance Engineering 62001 Legal Fees Engineering 62015 Prof & contractual secs Engineering 62025 Advertising & printing Engineering 64399 Other fees for services Engineering 65020 Operating supplies Engineering 65040 Dues & subscriptions Street Maintenance 60001 Salaries wages Street Maintenance 60015 Overtime Street Maintenance 61001 PERS-retirement Street Maintenance 61015 Employer's medicare Street Maintenance 61020 State disability insurance Street Maintenance 61025 Unemployment Insurance Street Maintenance 61030 Workers' compensation Street Maintenance 61035 Group Insurance Street Maintenance 61036 Retirees group Insurance Street Maintenance 65020 Operating supplies Building Maintenance 60001 Salaries wages Building Maintenance 60005 Temporary part-time Building Maintenance 60010 Stipend expense Building Maintenance 60015 Overtime Building Maintenance 60020 Performance pay/educational Building Maintenance 60025 Auto allowance Building Maintenance 601130 Electronic media allowance Building Maintenance 60035 Incentive programs Building Maintenance 60040 Uniform allowance Building Maintenance 60999 Other salaries and wages Building Maintenance 61001 PERS-retirement Building Maintenance 61004 Employer's457 Building Maintenance 61010 Employer's FICA Building Maintenance 61015 Employer's medicare Building Maintenance 61020 State disability insurance Building Maintenance 61025 Unemployment insuranca Building Maintenance 61030 Workers' compensation Building Maintenance 61035 Group insurance Building Maintenance 61036 Retirees group insurance Building Maintenance 61037 Cash in Lieu Building Maintenance 61050 Education exp. reimbursement Water Utility 60001 Salaries Water Utility 60005 Temporary/part-time Water Utility 60015 Overtime Water Utility 60020 Performance pay Water Utility 60025 Auto allowance Water Utility 60040 Uniform allowance Water Utility 60045 Severance pay Water Utility 61001 PERS-retirement Water Utility 61004 Employer's 457 Water Utility 61006 Unfunded Accrued Liability Water Utility 61007 Employer's 4010 Water Utility 61010 Employer's FICA Water Utility 61015 Employer's Medicare 50 Payroll 50 Payroll 50 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee $9,433 Other Employee 50 Other Employee $0 Other Employee $0 Other Employee 31,182 Other Employee 3406 Other Employee 3690 Other Employee 513,851 Other Employee $14,746 Other Employee $12,063 Other Employee $0 Other Employee $0 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee $14,715 Other Employee 50 Overall $0 Overall $0 Overall 50 Utilities 50 Overall 50 Overall 50 Overall 50 Overall 50 Overall 50 Overall 50 Overall 50 Overall 512,596 Payroll $2,000 Payroll 50 Overall 51,356 Other Employee 50 Other Employee 5180 Other Employee 570 Other Employee $124 Other Employee 510,981 Other Employee $3,930 Other Employee $9,564 Other Employee 510,000 Overall 3240,000 Overall 5750 Overall $1,000 Overall 51,000 Overall 53,000 Overall $0 Payroll 55,000 Payroll $0 Payroll 50 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee 55,000 Other Employee 567,481 Payroll 50 Payroll 50 Payroll 50 Payroll 50 Other Employee 50 Overall $0 Overall $0 Overall 50 Overall $0 Payroll $7,359 Overall 50 Other Employee 50 Other Employee 5976 Other Employee $351 Other Employee 5673 Other Employee 50 Other Employee 320,274 Other Employee 50 Other Employee $0 Overall 50 Overall 3906,973 Payroll 50 Payroll 5100,000 Payroll 50 Payroll 50 Overall 512,625 Overall $0 Payroll $95,659 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee 50 Other Employee 512,683 Other Employee 50 50 50 50 $0 $0 50 50 50 $0 $0 $0 $0 $0 $0 $0 50 50 $0 so $0 50 $0 $0 $0 $0 $0 50 50 50 $0 50 50 $0 50 S0 50 $0 50 50 50 50 $0 50 $0 50 50 $0 $0. 50 50 50 $0 50 50 $0 50 50 50 $0 $0 $0 50 50 $0 50 $9,433 59,738 $10,053 510,379 $10,715 $11,061 $11,419 511,789 512,170 $12,564 $12,971 50 50 50 50 $0 50 $0 50 50 $0 $0 $0 5a $0 so $0 $0 $0 50 $0 $0 50 $0 50 $0 $0 $0 $0 50 50 $0 $0 $0 $1,182 51,220 51,260 $1,301 $1,343 51,386 $1,431 51,477 $1,525 $1,574 51,625 5406 5419 $433 $447 $461 5476 5491 5507 5524 5541 5558 5690 5712 5735 $759 5784 5809 $835 3862 5890 5919 $949 513,851 $14,299 514,762 515,240 515,733 516,242 516,767 517,310 517,870 318,449 519,046 $14,746 $15,223 $15,716 516,224 516,749 317,291 $17,851 518,429 519,025 $19,641 520,276 512,063 512,453 512,856 513,272 513,702 $14,145 514,603 $15,076 515,563 516,067 516,587 50 50 SO 50 $0 $0 50 50 50 $0 $0 $0 50 50 $0 50 50 50 $0 $0 $0 50 $0 $0 $0 50 $0 $0 50 50 $0 $0 $0 $0 50 $0 50 50 50 $0 $0 50 50 50 5o 5o 5o 5o 5o 50 50 5o 5o 5o $0 50 $0 50 $0 $0 50 $0 $0 $0 $0 $0 $14,715 $15,191 $15,683 516,190 $16,714 517,255 517,813 518,390 518,985 519,599 520,234 50 50 50 50 50 50 50 50 50 $0 50 50 50 50 50 50 50 50 50 $0 50 $0 $0 50 50 50 $0 $0 $0 $8 $0 50 $0 50 $0 50 50 50 50 50 50 50 $0 50 50 50 50 50 $0 50 $0 $0 50 so $0 $0 50 $0 $0 $0 $0 $0 $0 so $0 $0 $0 $0 $0 $0 $0 54 50 $0 $0 $0 50 $0 50 50 50 $0 50 5o 50 50 $0 $0 50 $0 50 $0 $0 $0 50 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 50 $0 $0 50 50 50 50 $0 50 $0 so 50 $0 50 $0 50 50 50 $0 $0 $0 50 50 $0 $0 312,596 513,004 513,424 513,859 $14,307 $14,770 $15,248 515,742 516,251 516,777 517,320 52,000 52,065 52,132 52,201 52,272 52,345 52,421 $2,499 52,580 $2,664 52,750 50 50 So $0 $0 50 $0 50 $0 $0 50 $1,356 51,400 51,445 $1,492 $1,540 51,590 $1,642 51,695 $1,749 $1,806 $1,865 50 50 50 $0 $0 50 50 $0 50 $0 50 5180 5186 3192 5198 5204 5211 5218 5225 5232 5240 5248 570 $72 $75 $77 580 $82 $85 587 590 $93 $96 5124 5128 $132 3136 5141 5145 5150 5155 $160 5165 5171 $10,981 511,336 $11,703 $12,082 512,473 512,876 513,293 513,723 514,167 $14,626 $15,099 53,930 $4,057 54,188 $4,324 54,464 54,608 54,758 $4,911 $5,070 $5,234 55,404 59,564 59,873 510,193 510,523 510,863 511,215 $11,578 511,952 512,339 $12,739 513,151 510,000 $10,394 $10,675 310,964 511,260 311,565 $11,878 $12,203 512,530 512,869 513,217 5240,000 5249,449 5256,199 5263,132 5270,252 $277,565 $285,076 5292,790 5300,713 5308,850 5317,208 5750 5780 5801 5822 5845 5867 5891 5915 5940 5965 5991 $1,000 51,039 $1,067 $1,096 $1,126 $1,157 51,188 51,220 $1,253 $1,287 51,322 51,000 51,039 51,067 51,096 51,126 51,157 51,188 31,220 $1,253 $1,287 51,322 53,000 $3,118 53,202 $3,289 $3,378 33,470 53,563 53,660 $3,759 53,861 53,965 50 50 50 50 $0 $0 $0 $0 50 $0 $0 $5,000 55,162 $5,329 55,501 55,679 $5,863 56,053 $6,249 $6,451 56,660 56,875 50 50 50 50 50 50 50 $0 50 50 50 50 $0 50 50 50 50 50 50 $0 $0 50 50 So SO 50 $0 50 50 50 $0 50 50 50 50 $0 $0 50 50 50 50 $0 50 50 50 50 50 $0 $0 50 50 50 $0 $0 $0 $0 $0 50 $0 $0 50 $0 50 50 $0 $0 50 50 50 $0 $0 50 50 50 50 $0 $0 55,000 55,162 55,329 55,501 $5,679 55,863 $6,053 $6,249 $6,451 56,660 $6,875 367,481 569,665 371,919 $74,246 $76,649 579,129 $81,690 $84,333 587,062 589,880 $92,788 50 50 SO 50 50 50 50 50 $0 $0 50 50 50 SO 50 $0 $0 $0 50 50 $0 50 50 50 50 $0 50 50 50 50 50 $0 $0 50 50 50 50 $0 50 50 50 50 $0 50 50 50 50 $0 50 50. $0 50 $0 $0 $0 so $0 50 $0 $0 $0 5a $0 50 $0 50 $0 50 50 $0 $0 $0 50 50 $0 $0 50 so 50 $0 50 $0 50 50 $0 $0 $0 $0 50 $0 $0 $0 $0 $0 50 $0 $0 $0 $0 57,359 57,649 57,856 58,068 $8,287 58,511 $8,741 $8,978 59,221 59,470 59,726 50 50 50 $0 50 50 50 $0 50 50 50 $0 50 50 50 $0 $0 50 50 50 50 50 5976 51,008 51,040 51,074 $1,109 51,144 51,182 51,220 51,259 51,300 51,342 5351 $362 $374 $386 5399 $412 5425 $439 $453 5468 5483 $673 $695 $717 5740 5764 $789 5815 5841 $868 $896 5925 $0 $0 50 $0 $0 $0 $0 $0 $0 $0 50 520,274 $20,930 $21,607 522,307 523,028 523,774 524,543 $25,337 $26,157 527,003 527,877 50 50 50 50 50 $0 $0 50 $0 $0 $0 50 50 5o 5o 50 50 5o 5o 5o S0 5a $0 50 $0 $0 $0 $0 50 50 $0 $0 $0 5906,973 5936,323 5966,622 $997,902 $1,030,194 $1,063,531 51,097,947 $1,133,477 $1,170,156 51,208,022 $1,247,114 50 50 $0 $0 $0 $0 50 $0 $0 $0 $0 5100,000 $103,236 5106,577 3110,026 $113,586 5117,262 5121,056 5124,974 $129,018 $133,193 5137,503 $0 50 50 $0 $0 50 $0 50 50 $0 50 50 50 $0 50 $0 50 50 50 50 $0 50 512,625 513,122 513,477 513,842 514,216 $14,601 $14,996 $15,402 $15,819 516,247 516,686 $0 $0: SO 50 $0 50 50 50 50 $0 50 595,659 598,755 $101,950 5105,249 5108,655 $112,171 $115,801 5119,548 $123,417 $127,411 $131,534 $0 50 So $0 $0 50 50 50 $0 50 50 50 50 50 50 50 50 50 50 $0 50 50 50 50 50 $0 $0 50 50 $0 SO 50 50 50 50 50 50 50 50. 50 50 50 50 50 $12,683 513,093 513,517 $13,955 $14,406 $14,872 $15,354 $15,850 516,363 516,893 $17,439 City of Lynwood - 2023 Water and Sewer Rate Study 63 89 Water Utility 61020 State disability ins. Water Utility 61025 Unemployment insurance Water Utility 61030 Workers compensation Water Utility 61035 Group insurance Water Utility 61036 Retirees group Insurance Water Utility 61037 Cash in Ueu Water Utility 61045 Compensated absences Water Utility 61050 Educational reimbursement Water Utility 62001 Legal Fees Water Utility 62015 Prof. & contractual services Water Utility 62016 Security Services Water Utility 62025 Advertising & printing Water Utility 62035 Admin costs -general Water Utility 62040 Admin costs -department Water Utility 62062 Imaging Services Water Utility 63002 Water-LUA Water Utility 63025 Repairs/maint-bldg& equip. Water Utility 63030 Rental bldgs & equipment Water Utility 63045 Vehicle expense Water Utility 64005 Liability insurance expense Water Utility 64010 Employee training costs Water Utility 64015 Travel & meetings Water Utility 64035 Cost allocation Water Utility 64399 Other fees for svcs Water Utility 64501 Telephone Water Utility 64515 Wfi expense Water Utility 65001 Lights & power Water Utility 65005 Gas Water Utility 65015 Office supplies Water Utility 65020 Operating supplies Water Utility 65021 Paper supplies Water Utility 65040 Dues & subscriptions Water Utility 66001 Land Water Utility 66005 Buildings Water Utility 66015 Machinery & equip. Water Utility 66020 Vehicles Water Utility 66035 Office equipment Water Utility 66040 Furniture and fixtures Water Utility 66045 Fuel Storage Tank Water Utility 66060 Infrastructure - proprietary Water Utility 66901 Depreciation expense Water Utility 67005 Property tax in lieu Water Utility 67010 Franchise tax In lieu Water Utility 67231 Loan to Redevelopment Agency Water Utility 67389 Positive Motion project Water Utility 67410 Claims and/or Settlement Water Utility 67415 Purchases for resale Water Utility 67420 Loss on disposal Water Utility 67601 Debt svc pmt- principal Water Utility 67605 Interest expense Water Utility 67610 Issuance costs Water Utility 67625 Amortization expense Water Utility 67630 Assured Guaranty/Policy Premium Water Utility 67899 Other debt costs Water Utility 67950 Miscellaneous expense Information Technology 60001 Salaries wages Information Technology 60005 Temporary part-time Information Technology 60015 Overtime Information Technology 60020 Performance pay/educational Information Technology 60025 Auto allowance Information Technology 61001 PERS-retirement Information Technology 61004 Employer's 457 Information Technology 61006 Unfunded Accrued Liability Information Technology 61010 Employer's FICA Information Technology 61015 Employer's medicare Information Technology 61020 State disability insurance Information Technology 61025 Unemployment insurance Information Technology 61030 Workers' compensation Information Technology 61035 Group insurance Information Technology 61036 Retirees group insurance Information Technology 61037 Cash in Lieu Information Technology 61050 Education exp. reimbursement Information Technology 62015 Prof & contractual svcs Information Technology 62016 Security Services Information Technology 62025. Advertising & printing Information Technology 62062 Imaging Services Information Technology 63002 Water-LUA Information Technology 63025 Repairs/maint-bldg & equip. Information Technology 63030 Rental bldgs & equipment Information Technology 64005 Liability insurance expense Information Technology 64015 Travel & meetings Information Technology 64399 Other fees for services Information Technology 64501 Telephone Information Technology 64515 Wifi expense Information Technology 65015 Office supplies Information Technology 65020 Operating supplies Information Technology 65021 Paper supplies Information Technology 65040 Dues&subscriptions Information Technology 66015 Machinery & equipment Information Technology 66035 Office equipment Sewer O&M 54,714 Other Employee 57,847 Other Employee 5132,727 Other Employee 5146,046 Other Employee $115,601 Other Employee 50 Overall 50 Payroll S0 Overall $9,000 Overall 5732,783 Overall 510,629 Overall $4,000 Overall $1,082,837 Overall 50 Overall $0 Overall 5718 Overall $209,300 Construction 511,000 Construction 5199,609 Fuel/Automobile 5998,562 Other Employee $10,000 Other Employee 511,000 Overall $0 Overall 5192,790 Overall 530,000 Utilities 50 Utilities $437,943 Utilities 52,284 Utilities 53,750 Overall 5206,620 Overall 50 Overall 524,860 Overall 50 Overall 50 Overall 5290,000 Fuel/Automobile 5115,000 Fuel/Automobile $0 Overall 50 Overall 50 Overall 50 Overall 50 Overall $0 Overall $0 Overall 50 Overall $0 Overall 50 Overall 52,600,600 Water Purchase 50 Overall $0 Overall $0 Overall 50 Overall 50 Overall 50 Overall 58,895 Overall $0 Overall 596,476 Payroll $0 Payroll 50 Payroll 50 Payroll $0 Payroll 510,487 Payroll 50 Other Employee $0 Other Employee $0 Other Employee 51,313 Other Employee 5379 Other Employee $737 Other Employee 514,667 Other Employee 515,440 Other Employee 512,774 Other Employee 50 Overall 50 Other Employee 540,520 Overall 54,696 Overall 50 Overall 52,000 Overall 5881 Overall 53,000 Construction 53,000 Overall $24,884 Other Employee 5500 Overall 512,020 Overall 520,000 Utilities $0 Utilities 50 Utilities 55,000 Overall SO Overall $0 Overall 56,900 Fuel/Automobile 50 Overall 54,714 $4,867 55,024 $5,187 55,354 55,528 55,707 55,891 56,082 56,279 $6,482 57,847 58,101 $8,363 $8,634 58,913 59,202 $9,499 59,807 510,124 510,452 $10,790 5132,727 5137,022 $141,456 $146,034 5150,759 5155,638 5110,674 5165,874 $171,241 5176,783 5182,503 $146,046 5150,772 5155,651 5160,688 5165,888 5171,256 5176,798 $182,519 5188,425 5194,523 5200,817 $115,601 5119,342 5123,204 5127,191 5131,307 5135,556 5139,942 5144,471 $149,146 5153,972 5158,955 SO SO SO 50 $0 50 50 50 50 $0 50 5o 5o 5o So $0 50 50 50 50 $0 50 50 50 So 50 50 50 50 50 50 50 50 59,000 59,354 59,607 $9,867 510,134 510,409 $10,690 510,980 $11,277 $11,582 511,895 5732,783 5761,633 $782,242 $803,410 5825,150 5847,479 $870,412 5893,965 5918,156 $943,001 5968,518 $10,629 511,047 511,346 511,653 $11,969 512,293 512,625 512,967 513,318 513,678 $14,048 54,000 $4,157 $4,270 $4,386 $4,504 54,626 $4,751 54,880 $5,012 $5,148 55,287 51,082,837 51,125,468 51,155,923 $1,187,203 $1,219,328 51,252,323 $1,286,211 $1,321,016 51,356,763 $1,393,477 51,431,184 SO 50 $0 50 $0 50 50 $0 S0 50 50 50 50 $0 50 50 50 50 SO 50 $0 50 5718 $746 $766 5787 5809 $830 5853 $876 5900 5924 $949 5209,300 $218,687 5228,495 $238,743 $246,997 5255,916 5265,157 5274,732 5284,652 5294,931 5305,581 511,000 $11,493 512,009 512,547 512,981 513,450 513,936 $14,439 514,960 515,500 516,060 5199,609 5214,679 5222,040 5230,428 5239,133 5248,166 5257,541 $267,270 5277,366 5287,844 5298,717 5998,562 $1,030,875 51,064,235 51,098,673 51,134,226 $1,170,930 $1,208,821 51,247,939 51,288,322 $1,330,012 51,373,051 510,000 $10,324 510,658 511,003 511,359 $11,726 512,106 $12,497 512,902 513,319. 513,750 511,000 511,433 511,742 $12,060 512,387 512,722 513,066 513,420 513,783 514,156 514,539 $0 50 50 50 50 50 50 $0 50 $0 $0 $192,790 5200,380 5205,802 5211,371 5217,091 $222,966 5228,999 5235,196 5241,560 5248,097 5254,810 530,000 532,685 534,147 535,805 537,544 539,367 541,279 $43,284 545,386 547,591 549,902 50 50 SO 50 50 50 $0 $0 50 50 50 5437,943 $477,142 $498,477 5522,687 5548,072 5574,690 5602,601 5631,868 5662,556 5694,734 5728,475 52,284 $2,488 52,660 52,726 $2,858 52,997 53,143 53,295 53,455 53,623 $3,799 53,750 53,898 $4,003 54,111 54,223 54,337 54,454 54,575 54,699 54,826 54,956 5206,620 5214,755 5220,566 5226,534 $232,664 5238,960 5245,427 5252,068 5258,889 5265,894 5273,089 50 50 50 50 50 50 50 $0 50 50 50 524,800 525,776 526,474 $27,190 $27,926 528,682 529,458 530,255 531,074 $31,915 532,778 50 50 SO 50 50 50 50 SO $0 $0 50 50 $0 SO $0 $0 $0 50 $0 50 $0 50 5290,000 5311,894 $322,589 5334,775 $347,422 5360,546 5374,166 5388,360 $402,969 5418,191 5433,989 5115,000 5123,682 5127,923 5132,756 5137,771 $142,975 5148,376 5153,981 5159,798 5165,834 $172,099 50 $0 50 $0 50 50 50 50 50 $0 50 50 50 $0 50 50 50 50 50 50 50 50 50 50 50 50 50 50 $0 50 50 50 50 50 50 50 $0 50 50 50 50 50 50 50 50 50 50 50 $0 50 50 50 50 50 50 50 50 50 50 $0 50 50 50 50 $0 50 $0 50 50 50 50 $0 50 50 50 S0 50 50 50 $0 50 50 $0 50 50 50 $0 50 50 50 SO 50 50 50 50 50 50 50 50 50 50 $0 50 50 50 50 $0 50 50 50 52,600,000 52,782,000 52,921,160 53,067,155 53,220,513 $3,381,538 $3,550,615 53,728,146 53,914,553 54,110,281 $4,315,795 $0 50 50 50 50 50 $0 50 50 $0 50 50 50 50 S0 50 50 50 50 50 50 50 $0 SO 50 50 50 50 50 $0 50 $0 50 50 50 50 50 50 50 50 50 50 50 50 50 50 S0 $0 50 50 50 $0 50 $0 50 50 50 S0 50 50 50 50 50 50 50 SO 58,895 59,245 $9,495 $9,752 510,016 510,287 510,566 510,852 511,145 511,447 511,757 50 50 50 50 $0 50 $0 50 SO 50 50 $96,476 599,598 5102,821 $106,148 5109,583 5113,129 $116,790 $120,570 5124,471 5128,499 5132,657 50 50 50 50 $0 50 50 $0 50 50 50 50 50 50 $0 50 50 50 50 50 50 50 50 50 50 $0 $0. 50 50 50 $0 $0 50 50 50 SO 50 50 SO SO So 5o S0 5o $10,487 $10,826 $11,177 $11,538 $11,912 512,297 512,695 513,106 513,530 513,968 $14,420 50 5D SO S0 $0 SO S0 So $0 $0 $0 $0 5a So $0 50 So 5o So So $0 5o $0 SO SO SO $0 $0 SO SO $0 SO 50 $1,313 51,355 51,399 $1,445 51,491 51,540 51,589 $1,641 $1,694 $1,749 51,805 $379 5391 5404 $417 5430 5444 5459 5474 5489 5505 $521 5737 5761 5785 5811 5837 5864 $892 5921 $951 5982 51,013 $14,667 $15,142 515,632 516,137 516,660 517,199 517,755 518,330 518,923 519,535 520,168 $15,440 $15,940 $16,455 516,988 $17,538 518,105 $18,691 519,296 519,920 520,565 521,230 512,774 513,187 $13,614 $14,055 514,509 $14,979 $15,464 515,964 516,481 $17,014 $17,565 50 50 50 50 50 50 50 $0 50 50 50 50 50 SO $0 50 50 50 50 50 50 50 $40,520 $42,115 $43,255 $44,425 $45,628 546,862 548,130 $49,433 550,770 552,144 $53,555 54,696 54,881 55,013 55,149 $5,288 55,431 55,578 55,729 55,884 56,043 56,207 $0 50 $0 $0 50 50 50 50 $0 50 50 52,000 52,079 52,135 52,193 52,252 52,313 52,376 52,440 52,506 52,574 52,643 $881 5916 5940 5966 5992 $1,019 $1,046 51,075 $1,104 51,134 $1,164 53,000 53,135 53,275 $3,422 53,540. 53,668 53,801 53,938 54,080 54,227 $4,380 53,000 53,118 53,202 $3,289 $3,378 53,470 53,563 53,660 $3,759 $3,861 $3,965 524,884 $25,689 526,521 527,379 528,265 529,179 530,124 531,098 532,105 533,144 534,216 5500 5520 5534 5548 5563 5578 $594 5610 $626 5643 5661 512,020 512,493 512,831 $13,179 513,535 513,901 $14,278 514,664 $15,061 515,468 515,887 520,000 521,790 522,764 523,870 525,029 526,245 527,520 528,856 530,258 $31,727 533,268 SO SO SO $0 S0 SO SO SO $0 S0 $0 SO SO $0 $0 $0 50 50 50 50 $0 50 55,000 55,197 55,337 55,482 $5,630 55,783 55,939 56,100 56,265 56,434 56,608 50 50 $0 $0 50 50 50 50 50 50 50 $O 50 SO 50 $0 50 50 50 50 50 50 56,900 57,421 57,675 57,965 58,266 58,579 $8,903 59,239 $9,588 $9,950 $10,326 50 50 50 50 $0 50 50 50 50 50 50 City of Lynwood - 2023 Water and Sewer Rate Study 64 90 Budget FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 Total 52,546,960 52,546,960 $2,648,191 52,731,099 52,817,531 52,904,762 52,995,037 53,088,156 53,184,208 53,283,288 $3,385,492 53,490,919 Water Billing/Collections 60001 5164,069 Payroll 5164,069 5169,378 5174,859 5180,518 5186359 5192,390 5198,616 5205,043 5211,678 5218528 5225,600 Water Billing/Collections 60005 50 Payroll 50 50 50 $0 $0 50 $0 50 $0 $0 $0 Water Billing/Collections 60015 $0 Payroll 50 $0 $0 50 $0 50 50 50 50 $0 50 Water Billing/Collections 60020 50 Payroll 50 50 $0 50 $0 50 50 50 50 50 $0 Water Billing/Collectlons 60025 50 Overall 50 50 50 50 $0 50 $0 50 50 50 50 Water Billing/Collections 61001 517,092 OtherEmp $17,092 $17,645 $18,216 $18,806 519,414 520,042 520,691 $21,360 522052 522,765 $23,502 Water Billing/Collections 61006 $0 OtherEmp 50 $0 $0 50 $0 50 50 50 50 50 50 Water Billing/Collections 61010 50 OtherEmp 50 $0 50 50 $0 50 50 50 50 $0 $0 Water Billing/Collections 61015 52,308 Other Emp 52,308 $2,383 52,460 52,539 $2,622 52,706 $2,794 52,884 $2,978 53,074 $3,174 Water Billing/Collections 61020 $777 OtherEmp $777 5802 $828 $855 $883 5911 5941 5971 51,002 $1,035 $1,068 Water Billing/Collections 61025 $1,564 OtherEmp $1,564 $1,615 $1,667 $1,721 $1,776 51,834 51,893 $1,955 52,018 52,083 $2,151 Water Billing/Collections 61030 $31,227 Other Emp $31,227 $32,238 533,281 534,358 $35,469 $36,617 537,802 539,025 540,288 541,592 $42,938 Water Billing/Collections 61035 543,519 OtherEmp $43,519 $44,927 546,381 547,882 549,431 $51,031 552,682 554,387 556,147 $57,964 $59,840 Water Billing/Collections 61036 $27,195 OtherEmp 527,195 $28,075 528,984 529,921 530,890 $31,889 $32,921 $33,987 535,086 536,222 $37,394 Water Billing/Collections 61045 $0 OtherEmp 50 50 50 $0 $0 50 $0 50 50 50 50 Water Billing/Collections 61046 $0 OtherEmp 50 $0 50 50 50 50 50 50 50 $0 $0 Water Billing/Collections 61047 $0 OtherEmp 50 $0 $0 50 $0 50 $0 50 $0 $0 50 Water Billing/Collections 61050 $0 Other Emp 50 50 $0 50 50 50 50 50 $0 50 50 Water Billing/Collections 62001 $0 Overall 50 50 $0 50 $0 50 $0 50 $0 $0 50 Water Billing/Collections 62005 58,000 Overall 58,000 58,315 58,540 58,771 59,008 59,252 59,503 59,760 510,024 510,295 510,574 Water Billing/Collections 62015 $14,050 Overall 514,050 514,603 $14,998 515,404 $15,821 516,249 $16,689 $17,140 $17,604 518,081 518,570 Water Billing/Collections 62016 $0 Overall 50 50 $0 50 50 50 50 50 $0 50 $0 Water Billing/Collections 62025 $0 Overall 50 $0 $0 $0 $0 50 $0 50 50 $0 $0 Water Billing/Collections 62030 50 Overall 50 50 50 $0 50 50 50 50 50 50 50 Water Billing/Collections 62062 $0 Overall 50 $0 $0 50 $0 50 $0 50 50 50 50 Water Billing/Collections 63002 $10,441 Overall 510,441 $10,852 511,146 $11,447 511,757 512,075 512,402 $12,738 513,082 513,436 513,800 Water Billing/Collections 63025 $0 Overall 50 50 $0 $0 $0 50 $0 50 50 $0 $0 Water Billing/Collections 63030 50 Overall 50 50 50 $0 50 50 50 50 50 $0 50 Water Billing/Collections 64005 536,293 OtherEmp 536,293 537,467 538,680 $39,932 $41,224 542,558 543,935 545,357 $46,824 548,340 $49,904 Water Billing/Collections 64015 5500 Overall 5500 5520 5534 5548 5563 $578 $594 5610 $626 5643 $661 Water Billing/Collections 64399 $0 Overall 50 50 50 $0 $0 50 $0 50 50 $0 $0 Water Billing/Collections 65015 50 Overall 50 $0 50 50 50 50 50 50 50 50 $0 Water Billing/Collections 65020 50 Overall 50 50 50 50 50 50 50 50 50 $0 50 Water Billing/Collections 65021 50 Overall 50 50 $0 $0 50 $0 50 50 $0 $0 $0 Water Billing/Collections 65035 $11,500 Overall $11,500 $11,953 $12,276 $12,608 512,950 513,300 513,660 514,030 $14,409 $14,799 $15,200 Water Billing/Collections 65040 50 Overall 50 50 50 50 50 50 50 50 50 $0 $0 Water Billing/Collections 66015 50 Overall 50 50 50 50 50 50 50 50 $0 $0 $0 Water Billing/Collections 66035 50 Overall 50 $0 50 50 50 50 50 50 50 50 $0 Water Billing/Collections 67001 $0 Overall 50 $0 50 50 50 50 $0 50 $0 $0 50 Water Billing/Collections 67950 580 Overall $80 $83 585 $88 590 593 595 $98 5100 5103 $106 Public Works Administration 60( $0 Payroll 50 50 $0 50 50 50 50 50 $0 $0 50 Public Works Administration 60( 50 Payroll 50 $0 50 $0 50 50 50 50 50 $0 50 Public Works Administration 61( $0 OtherEmp 50 50 50 50 $0 50 $0 50 $0 $0 $0 Public Works Administration 61( $0 OtherEmp $0 50 $0 $0 50 50 50 50 50 $0 50 Public Works Administration 61( $0 OtherEmp 50 50 $0 50 50 50 50 50 50 $0 50 Public Works Administration 61( 50 OtherEmp 50 $0 50 $0 50 50 50 50 50 $0 50 Public Works Administration 63( $0.Other Emp 50 50 50 $0 $0 50 $0 50 $0 $0 50 Public Works Administration 61( 50 OtherEmp 50 $0 $0 $0 50 50 50 50 50 $0 $0 Public Works Administration 61( $0 OtherEmp $0 $0 $0 $0 50 50 50 50 50 $0 $0 Public Works Administration 65( 51,000 Overall 51,000 51,039 51,067 51,096 51,126 51,157 51,188 51,220 51,253 51,287 51,322 Engineering 60001 Salaries wag 512,396 Payroll 512,396 512,797 513,211 513,639 514,080 514,536 515,006 $15,492 515,993 $16,511 $17,045 Engineering 60015 Overtime 51,000 Payroll 51,000 51,032 $1,066 $1,100 51,136 $1,173 $1,211 $1,250 51,290 $1,332 51,375 Engineering 60025 Auto al Iowa $0 Payroll 50 50 $0 50 $0 50 50 50 50 50 50 Engineering 63001 PERS-retirer 51,356 OtherEmp $1,356 51,400 $1,445 51,492 51,540 51,590 51,642 $1,695 51,749 $1,806 51,865 Engineering 61004 Employer'sc $0 OtherEmp 50 50 $0 50 50 50 50 50 50 $0 $0 Engineering 63015 Employer'sr $180 OtherEmp 5180 5186 5192 $198 5204 5211 5218 $225 $232 5240 5248 Engineering 61020 State disabil 570 OtherEmp 570 $72 575 $77 580 $82 $85 587 $90 593 $96 Engineering 61025 Unemploym $124 OtherEmp 5124 5128 5132 5136 5141 $145 $150 5155 5160 5165 $171 Engineering 61030 Workers' col $0 OtherEmp 50 $0 $0 50 50 50 $0 50 50 $0 $0 Engineering 61035 Group lnsuri $3,930 Other Emp 53,930 54,057 54,188 $4,324 54,464 $4,608 54,758 54,911 55,070 55,234 55,404 Engineering 61036 Retireesgro 50 OtherEmp 50 50 50 50 50 50 50 50 50 50 50 Engineering 62015 Prof &contr 546,000 Overall 546,000 $47,811 $49,105 550,434 551,798 553,200 554,640 $56,118 557,637 559,196 560,798 Engineering 62025 Advertising 5500 Overall $500 $520 $534 $548 $563 5578 $594 5610 $626 $643 5661 Building Maintenance 60001 Sa $35,986 Payroll $35,986 537,151 $38,353 $39,594 540,875 542,198 $43,563 $44,973 546,428 $47,931 $49,482 Building Maintenance 60005 Te $0 Payroll 50 $0 $0 $0 $0 $0 $0 50 $0 50 $0 Building Maintenance 60010 Sti $0 Payroll 50 $0 $0 50 $0 50 $0 50 $0 50 50 Building Maintenance 60015 0% $0 Payroll $0 $0 $0 50 $0 50 $0 50 50 $0 $0 Building Maintenance 60020 Pe 50 Payroll 50 50 $0 $0 $0 50 $0 50 $0 $0 $0 Building Maintenance 60025 Ac $0 Overall 50 $0 $0 50 $0 50 $0 50 $0 50 $0 Building Maintenance 60030 61, $0 Overall 50 50 $0 50 $0 50 $0 50 50 50 $0 Building Maintenance 60035 In $0 Overall $0 $0 $0 50 $0 50 $0 50 50 $0 $0 Building Maintenance 60040 Ur $0 Overall 50 50 $0 $0 $0 50 $0 50 $0 50 50 Building Maintenance 60999 Ot $0 OtherEmp 50 $0 50 50 $0 50 $0 50 $0 50 $0 Building Maintenance 61001 PE $3,924 OtherEmp $3,924 $4,051 $4,182 $4,317 54,457 54,601 54,750 $4,904 55,063 $5,226 55,396 Building Maintenance 61004 En $0 OtherEmp 50 50 $0 50 $0 50 $0 50 $0 $0 $0 Building Maintenance 61010 En 50 OtherEmp 50 $0 $0 50 $0 50 $0 50 50 50 $0 Building Maintenance 61015 En $520 OtherEmp 5520 $537 5554 5572 5591 $610 $629 5650 $671 $693 5715 Building Maintenance 61020 5t 5173 Other Emp 5173 $179 5184 5190 $197 $203 5209 5216 $223 $230 5238 Building Maintenance 61025 Ur $359 OtherEmp $359 5371 5383 $395 5408 5421 5435 $449 $463 5478 $494 Building Maintenance 61030 W 50 OtherEmp 50 $0 $0 50 $0 50 $0 50 $0 $0 $0 Building Maintenance 61035 Gr 59,800 OtherEmp 59,800 $10,117 510,445 510,783 $11,131 $11,492 511,864 $12,247 $12,644 513,053 513,475 Building Maintenance 61036 Re $0 OtherEmp 50 $0 $0 50 $0 50 $0 50 $0 $0 $0 Building Maintenance 61037 Ca $0 Overall 50 50 $0 50 $0 50 $0 50 50 $0 50 Building Maintenance 61050 Ed 50 Overall 50 $0 50 50 50 50 50 50 $0 50 50 Storm Water Program 60001 Sal $0 Other Emp 50 $0 50 50 $0 50 $0 50 50 50 50 Storm Water Program 60015 05 $0 Other Emp 50 $0 $0 50 $0 50 $0 50 $0 50 $0 Storm Water Program 60040 Un $0 Overall 50 $0 $0 50 $0 50 $0 50 50 $0 50 Storm Water Program 61001 PE $0 Other Emp 50 50 50 50 50 50 50 50 $0 $0 50 Storm Water Program 61006 Un $0 Other Emp 50 50 50 $0 $0 50 50 50 50 50 50 Storm Water Program 61010 En- $0 Other Emp 50 50 $0 $0 50 50 $0 50 50 50 $0 City of Lynwood - 2023 Water and Sewer Rate Study 65 91 Storm Water Program 61015 Em 50 Other Emp $0 $0 50 $0 $0 $0 $0 $0 50 50 50 Storm Water Program 61020 Ste $0 Other Emp $0 $0 $0 $0 50 $0 50 $0 $0 $0 $0 Storm Water Program 61025 Un $0 Other Emp $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Storm Water Program 61030 We $0 Other Emp 50 $0 $0 $0 $0 $0 $0 $0 50 $0 $0 Storm Water Program 61035 Go $0 Other Emp $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Storm Water Program 61036 Re $0 Other Emp $0 $0 $0 $0 $0 $0 $0 $0 $0 50 50 Storm Water Program 62001 Lei 50 Overall $0 $0 $0 $0 $0 $0 $0 50 $0 50 $0 Storm Water Program 62015 Prc $0 Overall $0 $0 $0 $0 $0 $0 $0 $0 50 $0 50 Storm Water Program 62025 Ad $0 Overall $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 50 Storm Water Program 62062 Im $0 Overall $0 $0 50 $0 $0 $0 $0 50 $0 $0 $0 Storm Water Program 63025 Re $0 Constructic $0 $0 $0 $0 $0 50 50 50 $0 50 50 Storm Water Program 63045 Ve $0 Fuel/Autor 50 50 50 50 $0 50 50 $0 50 $0 50 Storm Water Program 64005 Lia $0 Overall $0 $0 50 50 50 50 50 50 50 $0 50 Storm Water Program 64015 Trz $0 Overall 50 $0 50 $0 $0 50 $0 $0 50 $0 $0 Storm Water Program 64399 Otl $0 Overall $0 $0 $0 50 $0 $0 $0 $0 50 $0 $0 Storm Water Program 65015 Oft 50 Overall $0 $0 $0 50 $0 50 $0 50 $0 50 $0 Storm Water Program 65020 Op $0 Overall $0 $0 $0 50 $0 $0 $0 50 50 50 $0 Storm Water Program 65021 Pal $0 Overall $0 $0 $0 $0 $0 $0 50 50 $0 50 $0 Storm Water Program 65040 Du $0 Overall $0 $0 $0 $0 $0 $0 $0 $0 50 50 50 Storm Water Program 67901 Co $0 Overall $0 50 $0 $0 $0 $0 $0 $0 $0 50 $0 Storm Water Program Total Stor $0 Overall $0 $0 $0 $0 $0 $0 $0 $0 50 50 50 Sewer Service 60001 Salaries w 5328,812 Payroll $328,812 5339,452 5350,437 5361,777 5373,484 $385,570 5398,047 $410,928 $424,226 $437,954 5452,126 Sewer Service 60005 Temporan $0 Payroll 50 $0 $0 $0 $0 $0 50 $0 50 $0 50 Sewer Service 60015 Overtime 540,000 Payroll 540,000 $41,294 542,631 544,010 545,434 $46,905 $48,422 549,989 $51,607 $53,277 $55,001 Sewer Service 60025 Auto alloy $0 Overall $0 $0 $0 $0 $0 $0 50 50 50 50 50 Sewer Service 60040 Uniform al $0 Overall $0 $0 $0 $0 $0 50 $0 $0 50 50 50 Sewer Service 61001 PERS-retir $35,317 Other Emp 535,317 $36,460 $37,640 538,858 540,115 $41,413 542,753 544,137 $45,565 $47,040 $48,562 Sewer Service 61004 Employer' $0 Other Emp $0 $0 $0 50 $0 $0 50 $0 $0 $0 50 Sewer Service 61006 Unfunded $0 Other Emp $0 $0 $0 $0 50 $0 50 50 $0 50 $0 Sewer Service 61007 Employer' $0Other Emp $0 $0 $0 $0 $0 $0 $0 $0 50 $0 50 Sewer Service 61010 Employer' $0 Other Emp $0 $0 $0 $0 $0 $0 50 $0 50 50 $0 Sewer Service 61015 Employer' 54,674 Other Emp $4,674 $4,825 54,981 $5,143 $5,309 55,481 $5,658 $5,841 56,030 56,225 $6,427 Sewer Service 61020 State disal $1,764 Other Emp $1,764 51,821 $1,880 $1,941 $2,004 $2,068 $2,135 $2,205 $2,276 52,350 $2,426 Sewer Service 61025 Unemploy 52,982 Other Emp 52,982 53,078 53,178 53,281 53,387 $3,497 53,610 $3,727 $3,847 53,972 $4,100 Sewer Service 61030 Workers' c 545,624 Other Emp $45,624 $47,100 $48,625 $50,198 $51,822 $53,499 $55,231 $57,018 $58,863 560,768 $62,734 Sewer Service 61035 Group inst $58,014 Other Emp $58,014 559,891 $61,829 563,830 $65,896 568,028 570,230 572,502 574,848 577,270 $79,771 Sewer Service 61036 Retirees g $39,737 Other Emp $39,737 $41,023 542,350 543,721 545,136 $46,596 $48,104 $49,661 551,268 $52,927 554,640 Sewer Service 61037 Cash in Lie $0 Overall $0 $0 $0 50 $0 50 $0 $0 $0 50 50 Sewer Service 61045 Compensa $0 Other Emp $0 $0 $0 $0 $0 $0 $0 50 50 $0 50 Sewer Service 62001 Legal Fees $6,000 Overall 56,000 $6,236 56,405 56,578 56,756 $6,939 57,127 57,320 $7,518 57,721 57,930 Sewer Service 62015 Prof & con 5449,658 Overall 5449,658 5467,361 $480,008 $492,997 5506,337 5520,039 5534,111 5548,564 $563,408 5578,654 5594,312 Sewer Service 62025 Advertisin $3,000 Overall 53,000 53,118 53,202 $3,289 $3,378 $3,470 $3,563 53,660 $3,759 53,861 53,965 Sewer Service 62035 Admin cos $335,837 Overall $335,837 5349,059 5358,504 $368,206 5378,169 5388,402 5398,913 $409,707 $420,794 5432,181 $443,875 Sewer Service 62040 Admin cos $0 Overall $0 $0 $0 $0 $0 $0 50 $0 50 50 $0 Sewer Service 62062 Imaging St $0 Overall $0 $0 $0 $0 $0 $0 $0 50 $0 $0 50 Sewer Service 63002 Water-LU/ $3,589 Overall 53,589 $3,730 53,831 $3,935 $4,041 54,151 $4,263 $4,378 54,497 $4,619 $4,744 Sewer Service 63025 Repairs/m $170,626 Constructic $170,626 $178,279 $186,274 $194,629 $201,357 $208,628 $216,162 $223,967 $232,055 $240,434 $249,116 Sewer Service 63030 Rental bld $0 Overall $0 $0 $0 50 50 50 $0 50 50 50 50 Sewer Service 63045 Vehicle ea $0 Overall $0 50 $0 $0 50 $0 $0 50 $0 50 50 Sewer Service 64005 Liability in $144,733 Other Emp 5144,733 5149,417 $154,252 5159,243 5164,396 $169,716 5175,208 $180,878 5186,731 $192,774 5199,012 Sewer Service 64010 Employee $0 Overall $0 $0 $0 $0 $0 $0 $0 50 50 50 50 Sewer Service 64015 Travel & rr 55,000 Overall 55,000 $5,197 55,337 55,482 $5,630 55,783 $5,939 $6,100 56,265 $6,434 $6,608 Sewer Service 64035 Cost al loci- $0 Overall $0 $0 $0 $0 $0 $0 $0 $0 50 50 $0 Sewer Service 64399 Other fee! $65,499 Overall $65,499 $68,078 $69,920 $71,812 $73,755 575,751 577,801 579,906 $82,068 584,289 $86,570 Sewer Service 65015 Office sup 5750 Overall 5750 $780 5801 $822 5845 $867 $891 5915 $940 $965 5991 Sewer Service 65020 Operating $33,500 Overall 533,500 $34,819 535,761 $36,729 $37,723 $38,743 $39,792 540,869 $41,975 $43,110 $44,277 Sewer Service 65021 Paper supl $0 Overall $0 $0 $0 $0 $0 $0 50 $0 50 50 50 Sewer Service 65040 Dues & sul $o Overall 50 $0 $0 $0 $0 $0 $0 $0 $0 50 $0 Sewer Service 66015 Machinery $225,000 Fuel/Autor 5225,000 5241,987 5250,285 5259,739 5269,551 5279,734 5290,301 5301,267 $312,648 5324,459 $336,715 Sewer Service 66035 Office equ $0 Overall $0 $0 50 $0 50 $0 $0 50 50 $0 50 Sewer Service 66060 Infrastruct $0 Overall 50 $0 $0 50 $0 $0 $0 50 50 50 50 Sewer Service 66901 Depreciati $0 Overall $0 $0 $0 $0 50 $0 50 50 50 50 50 Sewer Service 67410 Claims an( $0 Overall 50 $0 50 50 50 50 50 50 $0 $0 50 Sewer Service 67420 Loss on di5 $0 Overall $0 $0 $0 $0 $0 $0 50 $0 50 50 $0 Information Technology 60001 538,591 Payroll $38,591 539,840 $41,129 542,460 543,834 $45,252 $46,717 $48,229 549,789 551,400 $53,064 Information Technology 60005 ' $0 Payroll $0 $0 $0 50 50 50 $0 $0 50 50 50 Information Technology 60015 $0 Payroll 50 $0 $0 50 $0 $0 $0 $0 50 $0 $0 Information Technology 60020 $0 Payroll $0 $0 $0 $0 $0 $0 50 $0 50 50 $0 Information Technology 60025 $0 Other Emp 50 $0 50 $0 $0 $0 $0 $0 $0 50 50 Information Technology 61001 54,195 Other Emp 54,195 $4,331 $4,471 $4,616 54,765 54,919 55,078 55,243 55,412 55,587 55,768 Information Technology 61004 1 $0 Other Emp $0 $0 50 $0 50 $0 $0 $0 $0 50 50 Information Technology 61006 1 $0 Other Emp 50 $0 $0 $0 $0 $0 50 50 50 50 50 Information Technology 61010 $0 Other Emp $0 $0 $0 $0 $0 $0 $0 50 50 50 50 Information Technology 61015 1 $525 Other Emp $525 $542 $560 $578 $596 $616 $636 $656 $677 $699 $722 Information Technology 61020 5152 Other Emp 5152 $157 5162 5167 $173 $178 5184 $190 5196 $202 5209 Information Technology 61025 1 $295 Other Emp $295 5305 5314 5325 $335 $346 5357 $369 $381 $393 5406 Information Technology 61030 $5,867 Other Emp $5,867 $6,057 56,253 $6,455 $6,664 56,880 $7,102 $7,332 57,569 $7,814 $8,067 Information Technology 61035 56,176 Other Emp 56,176 56,376 $6,582 56,795 $7,015 $7,242 $7,476 57,718 57,968 58,226 $8,492 Information Technology 61036 1 55,110 Other Emp 55,110 55,275 $5,446 $5,622 55,804 $5,992 $6,186 56,386 $6,593 56,806 $7,026 City of Lynwood - 2023 Water and Sewer Rate Study 66 92 CIP Expense Project Water Well N022 Emergency Generators Sewer Line Improvement Waterline Improvement Waterline Abandonment Booster Pump Upgrade AMI/AMRI Phase 2 Tributary Area 3 -Sewer Improvements Tributary Area 75/8, Sewer Improvements Potable Water Interconnections Water Main Replacement Meter Relomtion Long Beach Blvd Well ll Assessment and Drinking Water Improvemen Water Ongoing Capital (PAYGO) Water Ongoing Capital Debt Sewer Ongoing Capital (Debt) Sewer Ongoing Capital (Paygo) Ham Park Reservlor and Pumpstatlon Total Water 55,314,103 520,903,650 $2,500,000 Total sewer 31,220,000 31,250,000 51,250,000 System Inflator Year Planned Funding Source Total Cost FY 2023 FY 202a FY2025 Water Water Sewer Water Water Water Water Sewer Sewer Water Water Water Water Water Water Sewer Sewer Water 52,500,000 52,500000 32,500,000 32.560,000 32,500,000 54,500000 32,500,000 $2,500,000 $1,250,000 $2,250,000 31,230.100 31250,000 31,250000 51250,000 $2,250,000 $1,25000 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 FY2032 FY2033 Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction Construction FY 2023 FY 2023 FY 2023 FY 2023 FY 2023 FY2023 FY2023 FY 2023 FY 2023 FY 2023 FY2023 FY 2023 FY 2023 Financing Financing PAYGO PAYGO PAYGO Financing Financing PAYGO Financing Financing PAYGO Financing PAYGO PAYGO Financing PAYGO PAYGO FY 2024 Financing Water O&M Cost Functionalization $300,000.00 $900,000.00 $200,000.00 $250,000.00 $464,000.00 1125,000.00 $896,00000 $540,000.00 $900,00000 1549,103.00 $450,000.00 $500,000.00 $200,000.00 $11,250000.00 '$13,750,000.00 51,250,000.00 $11,250,000.00 $18,000.000.00 $900000.00 $900,600.w $200,000.00 $250000.00 $a6a,00o.00 $125,000.00 s831,000.00 3540,000.00 $500,00000 5549,103.00 $a50,000.00 $580.000.00 $200,000.00 0 2,500,000.00 1,250,000.00 18,403,650.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 1,250,000.00 1,250,000.(0 1,253,000.00 1,250,000 03 1,250,000.00 1,250,000.00 2,500,000.00 2,500,000.00 2,500,000.00 1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00 2,500,000.00 Fixed Test Year 2024 Variable Direct Water Supply Pumping Transmission and Distribution Storage Meter Services Administrative and General Total O&M Expense Total Percent Marketing Division 60001 Marketing Division 60015 Marketing Division 61001 Marketing Division 61015 Marketing Division 61020 Marketing Division 61025 Marketing Division 61030 Marketing Division 61035 Marketing Division 61036 Marketing Division 64005 Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Water Billing/Collections Salaries wages Overtime PERS-retirement Employer's medicare State disability insurance Unemployment insurance Workers' compensation Group insurance Retirees group insurance Liability insurance expense 60001 Salaries 60005 Temporary/part-time 60015 Overtime 60020 Performance pay 60025 Auto allowance 61001 PERS - retirement 61006 Unfunded Accrued Liability 61010 Employer's FICA 61015 Employer's Medicare 61020 State disability ins. 61025 Unemployment insurance 61030 Workers compensation 61035 Group insurance 61036 Retirees group insurance 61045 Compensated absences 61046 Pension expense (GASB 68) 61047 OPEB expense (GASB 75) 61050 Educational reimbursement 62001 Legal Fees 62005 Audit fees 62015 Prof. & contractual services 62016 Security Services 62025 Advertising & printing 62030 Collection expense 62062 Imaging Services 62063 Credit Card Service Fee 63002 Water-LUA 63025 Repairs/maint-bldg&equip. 63026 Building Improvements 63030 Rental bldgs & equipment 64005 Liability insurance expense 64015 Travel & meetings 64399 Otherfees forsvcs 65015 Office supplies 65020 Operating supplies 65021 Paper supplies 65035 Postage 65040 Dues & subscriptions 66015 Machinery & equip. 66035 Office equipment 67001 Bad debts 67950 Miscellaneous expense $10,797,122 $42,804 100% 0% 0% $0 100% 0% 0% $4,884 100% 0% 0% $610 100% 0% 0% $189 100% 0% 0% $421 100% 0% 0% $6,573 100% 0% 0% $8,126 100% 0% 0% $5,724 10 0% 0% $0 100% 0% 0% $233,985 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% SO 100% 0% 0% $0 100% 0% 0% $23,834 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $3,288 100% 0% 0% $1,135 100% 0% 0% $2,182 100% 0% 0% $38,927 100% 0% 0% $60,332 100% 0% 0% $33,904 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $0 10 0% 0% $0 100% 0% 0% $0 100% 0% 0% $12,472 100% 0% 0% $20,735 100% 0% 0% $15,862 100% 0% 0% $883 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $10,852 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $3,014 100% 0% 0% $46,413 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $312 100% 0% 0% $894 103% 0% 0% $0 100% 0% 0% $11,953 100% 0% 0% $0 100% 0% 0% 51,351 100% 0% 0% 50 100% 0% 0% $0 100% 0% 0% $83 100% 0% 0% 52,782,000 $1,211,847 5502,655 561,647 5288,427 55,950,545 55% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 26% 11% 5% 1% 3% 100% 10096 100% 100% 100% 100% 100% 100% 100% 100% 10096 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 10096 100% 100% 510,797,122 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% • 100a%o ▪ 100% • 100% • 100% 100% ▪ 100% ▪ 100% ▪ 100% • 100% • 100% ▪ 100% • 100% • 100% ▪ 100% City of Lynwood - 2023 Water and Sewer Rate Study 67 93 Human Resources 60001 Salaries wages $91,631 10096 0% 0% 100% 100% Human Resources 60005 Temporary part-time $0 100% 0% 0% 10096 100% Human Resources 60015 Overtime $0 100% 0% 0% 100% 100% Human Resources 60020 Performance pay/educational $0 10096 0% 0% 100% 10096 Human Resources 60025 Auto allowance $0 100% 096 0% 100% 100% Human Resources 61001 PERS-retirement $9,738 100% 0% 0% 100% 100% Human Resources 61004 Employer's 457 $0 100% 0% 0% 10096 100% Human Resources 61006 Unfunded Accrued Liability $0 100% 0% 0% 100% 100% Human Resources 61010 Employer's FICA $0 10096 0% 0% 100% 100% Human Resources 61015 Employer's medicare $1,220 10096 0% 0% 10096 100% Human Resources 61020 State disability insurance $419 10096 0% 0% 100% 100% Human Resources 61025 Unemployment insurance $712 100% 0% 0% 100% 100% Human Resources 61030 Workers' compensation $14,299 100% 0% 0% 100% 100% Human Resources 61035 Group insurance $15,223 100% 0% 0% 100% 100% Human Resources 61036 Retirees group insurance $12,453 100% 0% 0% 100% 10096 Human Resources 61037 Cash in Lieu $0 100% 0% 0% 100% 100% Human Resources 61050 Education exp. reimbursement $0 10096 0% 0% 100% 100% Human Resources 62001 Legal Fees $0 10096 0% 0% 100% 100% Human Resources 62015 Prof &contractual svcs $0 100% 0% 096 100% 100% Human Resources 62016 Security Services $0 10096 0% 0% 100% 100% Human Resources 62062 !maging Services $0 10096 0% 0% 100% 100% Human Resources 63025 Repairs/maint-bldg & equip. $0 100% 0% 0% 100% 10096 Human Resources 63030 Rental bldgs & equipment $0 100% 0% 0% 100% 100% Human Resources 64005 Liability insurance expense $15,191 100% 0% 0% 100% 100% Human Resources 64015 Travel & meetings $0 10096 096 0% 100% 100% Human Resources64399 Other fees for services $0 10096 0% 0% 10096 100% Human Resources64501 Telephone $0 100% 0% 0% 100% 100% Human Resources 64515 Wifi expense SO 100% 0% 0% 100% 100% Human Resources 65001 Electricity $0 100% 0% 0% 100% 100% Human Resources 65005 Natural Gas $0 100% 0% 0% 100% 100% Human Resources 65015 Office supplies $0 100% 0% 0% 100% 100% Human Resources 65020 Operating supplies $0 100% 0% 0966 100% 100% Human Resources 65021 Paper supplies $0 100% 0% 0% 10096 100% Human Resources 65035 Postage $0 100% 0% 0% 100% 100% Human Resources 66015 Machinery&equipment $0 100% 0% 096 100% 100% Human Resources 67901 Contingency set -aside $0 100% 0% 0% 100% 100% Human Resources 67950 Miscellaneous expense $0 100% 076 0% 100% 100% Employee Personnel Services 60001 Salaries wages $91,631 100% 0% 0% 100% 100% Employee Personnel Services 60005 Temporary part-time $0 100% 0% 0% 100% 100% Employee Personnel Services 60015 Overtime $0 10096 0%. 0% 100% 100% Employee Personnel Services 60020 Performance pay/educational $0 100% 0% 0% 100% 10096 Employee Personnel Services 60025 Auto allowance $0 100% 0% 0% 100% 100% Employee Personnel Services 60035 Incentive programs $0 100% 0% 096 100% 100% Employee Personnel Services 60999 Other Pay SO 100% 0% 0% 100% 100% Employee Personnel Services 61001 PERS-retirement $9,738 100% 076 0% 100% 100% Employee Personnel Services 61004 Employer's 457 $0 100% 0% 0% 100% 100% Employee Personnel Services 61006 Unfunded Accrued Liability $0 100% 0% 0% 100% 100% Employee Personnel Services 61010 Employer's FICA $0 10096 0%. 0% 100% 100% Employee Personnel Services 61015 Employer's medicare $1,220 100% 0% 0% 100% 100% Employee Personnel Services 61020 State disability insurance $419 100% 0% 0766 100% 100% Employee Personnel Services 61025 Unemployment insurance $712 100% 0% 0% 100% 100% Employee Personnel Services 61030 Workers' compensation $14,299 100% 0% 0% 100% 100% Employee Personnel Services 61035 Group insurance $15,223 100% 0% 0% 100% 100% Employee Personnel Services 61036 Retirees group insurance $12,453 100% 0% 0% 100% 100% Employee Personnel Services 61037 Cash in Lieu $0 100% 0% 0% 100% 100% Employee Personnel Services 61050 Education exp. reimbursement $0 100% 0% 0% 100% 100% Employee Personnel Services 62001 Legal Fees $0 100% 0% 0% 100% 100% Employee Personnel Services 62015 Prof &contractual svcs $0 100% 0% 0% 100% 100% Employee Personnel Services 62025 Advertising & printing $0 100% 096 0% 100% 100% Employee Personnel Services 62062 Imaging Services SO 100% 0% 0% 100% 100% Employee Personnel Services 64005 Liability insurance expense $15,191 100% 0% 096 100% 100% Employee Personnel Services 64010 Employee training costs $0 100% 0% 0% 100% 100% Employee Personnel Services 64015 Travel & meetings $0 100% 0% 0% 100% 100% Employee Personnel Services 64399 Other fees for services $0 100% 0% 0% 100% 100% Employee Personnel Services 64501 Telephone $0 100% 0% 0% 100% 100% Employee Personnel Services 65015 Office supplies $0 100% 0% 0% 100% 100% Employee Personnel Services 65020 Operating supplies $0 100% 0% 0% 100% 100% Employee Personnel Services 65021 Paper suppl les SO 100% 0% 0% 100% 100% Employee Personnel Services 65040 Dues &subscriptions SO 100% 0% 0% 100% 100% Employee Personnel Services 66015 Machinery & equipment $0 100% 0% 0% 100% 100% Employee Personnel Services 67410 Claims and/or Settlement $0 100% 0% 0% 100% 100% Employee Personnel Services 67901 Contingency set -aside $0 100% 0% 0% 100% 100% Employee Personnel Services 67950 Miscellaneous expense $0 100% 0% 0% 100% 100% Engineering 60001 Salaries wages $13,004 100% 0% 0% 50% 50% 100% Engineering 60015 Overtime $2,065 100% 0% 0% 50% 50% 100% Engineering 60025 Auto allowance SO 100% 0% 0% 50% 50% 100% Engineering 61001 PERS-retirement $1,400 100% 0% 0% 50% 50% 100% Engineering 61004 Employer's 457 $0 100% 096 0% 50% 50% 100% Engineering 61015 Employer's medicare $186 100% 0% 0% 50% 5096 100% Engineering 61020 State disability insurance $72 100% 099 0% 50% 5096 100% Engineering 61025 Unemployment insurance $128 100% 0% 0%%% 50% 50% 100% Engineering 61030 Workers' compensation $11,336 100% 0% 0% 50%/ 50% 100%/ Engineering 61035 Group insurance $4,057 100% 0% 0% 50% 5096 100% Engineering 61036 Retirees group Insurance $9,873 100% 0% 096 50% 50% 100% Engineering 62001 Legal Fees $10,394 100% 0% 096 50% 50% 100% Engineering 62015 Prof & contractual svcs $249,449 100% 0% 0% 50%/% 50% 100% Engineering 62025 Advertising&printing $780 100% 0% 0% 50% 50% 100% Engineering 64399 Other fees for services $1,039 100% 0% 0% 50% 5096 100% Engineering 65020 Operating supplies $1,039 100% 0% 0%% 50% 50% 100% City of Lynwood - 2023 Water and Sewer Rate Study 68 94 Engineering 65040 Dues & subscriptions $3,118 100% 096 0% 50% 50% 100% Street Maintenance 60001 Salaries wages $0 100% 0% 0% 100% 100% Street Maintenance 60015 Overtime $5,162 100% 0% 0% 100% 100% Street Maintenance 61001 PERS-retirement $0 100% 0% 0% 100% 100% Street Maintenance 61015 Employer's medicare $0 100% 0% 0% 100% 100% Street Maintenance 61020 State disability insurance $0 100% 0% 0% 100% 100% Street Maintenance 61025. Unemployment insurance $0 100% 0% 0% 100% 100% Street Maintenance 61030 Workers' compensation $0 100% 0% 0% 100% 100% Street Maintenance 61035 Group insurance $0 100% 0% 0% 100% 100% Street Maintenance 61036 Retirees group insurance $0 100% 0% 0% 10096 100% Street Maintenance 65020 Operating supplies $5,162 100% 0% 0% 100% 100% Building Maintenance 60001 Salaries wages $69,665 100% 0% 0% 50% 50% 100% Building Maintenance 60005 Temporary part-time $0 100% 0% 0% 5096 50% 100% Building Maintenance 60010 Stipend expense $0 100% 0% 0% 50% 50% 100% Building Maintenance 60015 Overtime $0 10096 096 0% 50% 50% 100% Building Maintenance 60020 Performance pay/educational $0 100% 0% 0% 50% 50% 100% Building Maintenance 60025 Auto allowance $0 100% 0% 0% 50% 50% 100% Building Maintenance 60030 Electronic media allowance SO 100% 0% 0% 50% 50% 100% Building Maintenance 60035 Incentive programs $0 100% 0% 0% 50% 50% 100% Building Maintenance 60040 Uniform allowance $0 100% 0% 0% 50% 50% 100% Building Maintenance 60999 Other salaries and wages $0 100% 0% 0% 50% 50% 100% Building Maintenance 61001 PERS-retirement $7,649 100% 0% 0% 50% 5094 100% Building Maintenance 61004 Employer's457 $0 100% 0% 0% 50% 50% 100% Building Maintenance 61010 Employer's FICA $0 100% 0% 0% 50% 50% 100% Building Maintenance 61015 Employer's medicare $1,008 100% 0% 0% 50% 50% 100% Building Maintenance 61020 State disability insurance S362 100% 0% 0% 50% 50% 100% Building Maintenance 61025 Unemployment Insurance $695 100% 0% 0% 50% 50% 100% Building Maintenance 61030 Workers' compensation $0 100% 096 0% 50% 50% 100% Building Maintenance 61035 Group insurance $20,930 100% 094 0% 50% 50% 100% Building Maintenance 61036 Retirees group insurance SO 100% 0% 0% 50% 50% 100% Building Maintenance 61037 Cash in Lieu $0 100% 0% 096 50% 50% 100% Building Maintenance 61050 Education exp. reimbursement $0 100% 0% 0% 50% 5096 100% Water Utility 60001 Salaries $936,323 100% 096 0% 100% 100% Water Utility 60005 Temporary/part-time $0 100% 0% 096 100% 100% Water Utility 60015 Overtime $103,236 100% 0% 096 100% 100% Water Utility 60020 Performance pay $0 100% 0% 0% 100% 100% Water Utility 60025 Auto allowance $0 100°% 0% 0% 100% 100% Water Utility 60040 Uniform allowance $13,122 100% 0% 0% 100% 100% Water Utility 60045 Severance pay $0 100% 0% 0% 10094 100% Water Utility 61001 PERS- retirement $98,755 10096 0% 096 100% 100% Water Utility 61004 Employer's457 $0 100% 0% 096 100% 100% Water Utility 61006 Unfunded Accrued Liability SO 100% 0% 0% 100% 100% Water Utility 61007 Employer's 401a $0 1009944 0% 094 100% 100% Water Utility 61010 Employer's FICA $0 10096 096 0% 100% 100% Water Utility 61015 Employer's Medicare $13,093 100% 096 096 100% 10096 Water Utility 61020 State disability ins. $4,867 100% 0% 0% 100% 100% Water Utility 61025 Unemployment insurance $8,101 100% 0% 0% 100% 100% Water Utility 61030 Workers compensation $137,022 100% 0% 0% 10096 100% Water Utility 61035 Group insurance $150772 100% 0% 0% 100% 100% Water Utility 61036 Retirees group insurance $119,342 100% 0% 0% 100% 100% Water Utility 61037 Cash in Lieu $0 100% 0% 096 100% 100% Water Utility 61045 Compensated absences $0 100% 096 0% 100% 100% Water Utility 61050 Educational reimbursement $0 100% 0% 0% 100% 100% Water Utility 62001 Legal Fees $9,354 100% 0% 0% 100% 100% Water Utility 62015 Prof. & contractual services $761,633 100% 0% 0% 100%. 100% Water Utility 62016 Security Services $11,047 100% 0% 0% 100% 100% Water Utility 62025 Advertising & printing $4,157 100% 0% 0% 100% 100% Water Utility 62035 Admin costs - general $1,125,468 100% 0% 0% 100% 100% Water Utility 62040 Admin costs - department $0 100% 0% 0% 100%. 100% Water Utility 62062 Imaging Services $0 100% 0% 0% 100% 100% Water Utility 63002 Water-LUA $746 100% 0% 0% 100% 100% Water Utility 63025 Repairs/mains-bldg&equip, $218,687 100% 0% 0% 100% 100% Water Utility 63030 Rental bldgs&equipment $11,493 100% 0% 0% 100% 100% Water Utility 63045 Vehicle expense $214,679 100% 0% 0% 100% 100% Water Utility 64005 Liability insurance expense $1,030;875 100% 0% 0% 100% 100% Water Utility 64010 Employee training costs $10,324 10056 0% 0% 100% 100% Water Utility 64015 Travel & meetings $11,433 100% 0% 0% 100% 100% Water Utility 64035 Cost allocation $0 100% 0% 0% 100% 100% Water Utility 64399 Other fees for svcs $200,380 100% 0% 0% 100% 100% Water Utility 64501 Telephone $32,685 100% 0% 0% 100% 100% Water Utility 64515 Wifi expense $0 100% 0% 0% 100% 100% Water Utility 65001 Lights & power $477,142 100% 0% 0% 100% 100% Water Utility 65005 Gas $2,488 100% 0% 0% 100% 100% Water Utility 65015 Office supplies $3,898 100% 0% 0% 100%% 100% Water Utility 65020 Operating supplies $214,755 100% 0% 0% 100% 100% Water Utility 65021 Paper supplies $0 100% 0% 0% 100% 100% Water Utility 65040 Dues & subscriptions $25,776 100% 0% 096 100% 100% Water Utility 66001 Land $0 100% 0% 0% 100% 100% Water Utility 66005 Buildings $0 100% 0% 0% 100% 100% Water Utility 66015 Machinery & equip. $311,894 100% 0% 0% 10096 100% Water Utility 66020 Vehicles $123,682 100% 0% 0% 100% 100% Water Utility 66035 Office equipment $0 100% 0% 0% 100% 100% Water Utility 66040 Furniture and fixtures $0 100% 0% 0% 100% 10096 Water Utility 66045 Fuel Storage Tank $0 100% 0% 0% 100% 100% Water Utility 66060 Infrastructure - proprietary $0 100% 0% 0% 100% 100% Water Utility 66901 Depreciation expense $0 100% 0% 0% 100% 100% Water Utility 67005 Property tax in lieu $0 100% 0•° 0% 100% 100% Water Utility 67010 Franchise tax in lieu $0 100% 0% 0% 100% 10096 Water Utility 67231 Loan to Redevelopment Agency $0 100% 0% 0% 10096 100% Water Utility 67389 Positive Motion project $0 100% 0% 0% 100% 100% Water Utility 67410 Claims and/or Settlement $0 100% 056 0% 100% 100% Water Utility 67415 Purchases for resale $2,782,000 100% 096 0% 10096 100% City of Lynwood - 2023 Water and Sewer Rate Study 69 95 Water Utility 67420 Loss on disposal Water Utility 67601 Debt svc pmt -principal Water Utility 67605 Interest expense Water Utility 67610 Issuance costs Water Utility 67625 Amortization expense Water Utility 67630 Assured Guaranty/Policy Premium Water Utility 67899 Other debt costs Water Utility 67950 Miscellaneous expense Information Technology 60001 Salaries wages Information Technology 60005 Temporary part-time Information Technology 60015 Overtime Information Technology 60020 Performance pay/educational Information Technology 60025 Auto allowance Information Technology 61001 PERS-retirement Information Technology 61004 Employer's 457 Information Technology 61006 Unfunded Accrued Liability Information Technology 61010 Employer's FICA Information Technology 61015 Employer's medicare Information Technology 61020 State disability insurance Information Technology 61025 Unemployment insurance Information Technology 61030 Workers' compensation Information Technology 61035 Group Insurance Information Technology 61036 Retirees group insurance Information Technology 61037 Cash in Lieu Information Technology 61050 Education exp. reimbursement Information Technology 62015 Prof & contractual secs Information Technology 62016 Security Services Information Technology 62025 Advertising & printing Information Technology 62062 Imaging Services Information Technology 63002 Water-LUA Information Technology 63025 Repairs/maint-bldg & equip. Information Technology 63030 Rental bldgs & equipment Information Technology 64005 Liability insurance expense Information Technology 64015 Travel & meetings Information Technology 64399 Other fees for services Information Technology 64501 Telephone Information Technology 64515 Wifi expense Information Technology 65015 Office supplies Information Technology 65020 Operating supplies Information Technology 65021 Paper supplies Information Technology 65040 Dues & subscriptions Information Technology 66015 Machinery & equipment 50 10056 0% 0% $0 100% 0% 056 $0 100% 0% 0% $0 100% 0% 0% 50 10056 0% 0% $0 100% 0% 0% $9,245 100% 0% 0% $0 100% 0% 0% 599,598 100% 0%. 0% 50 100% 0% 0% $0 10056 095 0% $0 100% 0% 056 50 100% 0% 0% 510,826 100% 0% 0% $0 100% 095 096 $0 100% 0% 0% $0 100% 056 0% 51,355 100% 0% 0% $391 100% 0% 0% 5761 100% 0% 0% 515,142 100% 0% 056 515,940 100% 0% 056 513,187 100% 0•A 0% $0 100% 056 0% 50 100% 0% 0% 542,115 10096 0% 0% 54,881 10096 0% 0% 50 100% 0% 0% $2,079 100% 0% 0% 5916 100% 0% 0% 53,135 100% 0% 0% 53,118 10056 0% 0% $25,689 100% 0% 0% 5520 100% 0% 0% 512,493 10096 0% 0% 521,790 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% 55,197 100% 0% 056 50 100% 0% 0% 50 100% 0% 0% 57,421 100% 0% 0% Water Non -operating Cost Functionalization 0% 100% 100% 10096 100% 10096 100% 10096 100% 100% 100% 100% 10096 100% 100% 100% 100% 10096 100% 100% 100% 100% 100% 10096 100% 10096 100% 100% 10096 100% 100% 10096 10096 10096 100% 10096 100% 100% 100% 10096 100% 10096 10056 10096 100% 100% 10096 100% 100% 100% 10096 100% 10096 110% 100% 100% 100% 10096 100% 10096 10056 10096 100% 100% 100% 100% 100% 10056 100% 100% 10096 100% 100% 100% 100% 1006 100% 10096 100% 10096 100% 100% 10096 Fixed Test Year 2024 Variable Direc Water Supply Pumping Transmission and Distribution Storage Meter Services Administrative and General Total Non -Operating Expense Total Percent Water Well No 22 Emergency Generators Water Line Improvement Waterline Abandonment Booster Pump Upgrade AMI/AMRI Phase 2 Potable Water Interconnections Water Main Replacement Meter Relocation Long Beach Blvd Well 11 Assessment and Drinking Water Improvement Water Ongoing Capital (PAYGO) Water Ongoing Capital Debt Ham Park Reservior and Pump Station 548,314,103 5900,000 5900,000 5250,000 $464,000 5125,000 5896,000 5549,103 $450,000 5580,000 5200,000 511,250,000 513,750,000 $18,000,000 Sewer Operating Cost Functionalization $1,649,103 519,025,000 51,164,000 3% 39% 2% 100% 100% 100% 100% 100% 100% 100% 100% 100% $0 $1,476,000 $25,000,000 548,314,103 0% 3% 100% 100% 52% 100% 100% 100% 100% 100% 100% 100% 100% 100% 10096 100% 100% 100% 100% 10095 10096 Fixed Test Year 2024 Variable Direct Sewer Collection Pumping Customer Accounts Administrative and general Total 0&M Expense Total Percent Water Billing/Collections 60001 Water Billing/Collections 60005 Water Billing/Collections 60015 Water Billing/Collections 60020 Water Billing/Collections 60025 Water Billing/Collections 61001 Water Billing/Collections 61006 Salaries wages Temporary part-time Overtime Performance pay/educational Auto allowance PERS-retirement Unfunded Accrued Liability $2,648,191 $169,378 so so so $17,645 $0 100% 0% 0% 100% 0% 0'%° 100% 0% 0°% 100% 0% 0% 100% 0% 0°% 100% 0% 0% 100% 0% 0% $296,539 $244,134 $380,856 11.2% 9.2% 14.4% 100% 100% 100% 100% 100% 100% 100% $1,726,662 $2,648,191 65.2% 100% 100% 100% 100% 100% 100% 100% 100% City of Lynwood - 2023 Water and Sewer Rate Study 70 96 Water Billing/Collections 61010 Employer's FICA $0 100% 0% 0% 100% 100% Water Billing/Collections 61015 Employer's medicare $2,383 100% 0% 0% 100% 100% Water Billing/Collections 61020 State disability insurance $802 100% 0% 0% 100% 100% Water Billing/Collections 61025 Unemployment insurance $1,615 100% 0% 0% 100% 100% Water Billing/Collections 61030 Workers' compensation $32,238 100% 0% 0% 100% 100% Water Billing/Collections 61035 Group insurance $44,927 100% 0% 0•/ 100% 100% Water Billing/Collections 61036 Retirees group insurance $28,075 100% 0% 0% 100% 100% Water Billing/Collections 61045 Compensated absences $0 100% 0% 0% 100% 100% Water Billing/Collections 61046 Pension expense (GASB 68) $0 100% 0% 0% 100% 100% Water Billing/Collections 61047 OPEB expense (GASB 75) $0 100% 0% 0% 100% 100% Water Billing/Collections 61050 Education exp. reimbursement $0 100% 0% 0% 100% 100% Water Billing/Collections 62001 Legal Fees $0 100% 0% 0% 10096 100% Water Billing/Collections 62005 Accounting&auditing $8,315 100% 0% 0% 10096 100% Water Billing/Collections 62015 Prof & contractual svcs $14,603 100% 0% 0% 100% 100% Water Billing/Collections 62016 Security Services $0 100% 0% 0% 10096 100% Water Billing/Collections 62025 Advertising & printing $0 100% 0% 0% 10096 100% Water Billing/Collections 62030 Collection expense $0 100% 0% 0% 100% 100% Water Billing/Collections 62062 Imaging Services $0 100% 0% 0% 100% 100% Water Billing/Collections 63002 Water-LUA $10,852 100% 0% 0% 100% 100% Water Billing/Collections 63025 Repairs/maint-bldg&equip. $0 100% 0% 0% 100% 100% Water Billing/Collections 63030 Rental bldgs & equipment $0 100% 0% 096 100% 100% Water Billing/Collections 64005 Liability insurance expense $37,467 100% 0% 0% 100% 10096 Water Billing/Collections 64015 Travel & meetings $520 100% 0% 0% 100% 100% Water Billing/Collections 64399 Other fees for services $0 100% 0% 096 100% 100% Water Billing/Collections 65015 Office supplies $0 100% 0% 096 100% 100% Water Billing/Collections 65020 Operating supplies $0 100% 0% 0% 100% 100% Water Billing/Collections 65021 Paper supplies $0 100% 0% 0% 100% 100% Water Billing/Collections 65035 Postage $11,953 100% 0% 0% 100% 100% Water Billing/Collections 65040 Dues&subscriptions $0 100% 0% 0'/ 100% 100% Water Billing/Collections 66015 Machinery&equipment $0 100% 0% 0% 100% 100% Water Billing/Collections66035 Office equipment $0 100% 0% 096 100% 100% Water Billing/Collections 67001 Bad debts $0 100% 0% 096 100% 100% Water Billing/Collections 67950 Miscellaneous expense $83 100% 0% 0% 100% 100% Public Works Administration 60001 Salaries wages $0 100% 0% 0% 100% 100% Public Works Administration 60015 Overtime $0 100% 0% 0% 10096 100% Public Works Administration 61001 PERS-retirement $0 100% 0% 0% 100% 100% Public Works Administration 61015 Employer's medicare $0 100% 0% 096 100% 100% Public Works Administration 61020 State disability insurance $0 100% 0% 0% 100% 100% Public Works Administration 61025 Unemployment insurance $0 100% 0% 0% 100% 100% Public Works Administration 61030 Workers' compensation $0 100% 0% 096 100% 100% Public Works Administration 61035 Group insurance $0 100% 0% 0% 100% 100% Public Works Administration 61036 Retirees group insurance $0 100% 0% 0% 100% 100% Public Works Administration 65020 Operating supplies $1,039 100% 0% 0% 10096 100% Engineering 60001 Salaries wages $12,797 100% 0% 0% 50% 50% 100% Engineering 60015 Overtime $1,032 100% 0% 0% 50% 50% 100% Engineering 60025 Auto allowance $0 100% 0% 0% 50% 50% 100% Engineering 61001 PERS-retirement $1,400 100% 0% 0% 50% 50% 100% Engineering 61004 Employer's457 $0 100% 0% 0% 50% 50% 100% Engineering 63015 Employer's medicare $186 100% 0% 0% 50% 50% 100% Engineering 61020 State disability insurance $72 10096 0% 0% 50% 50°/ 100% Engineering 61025 Unemployment insurance $128 100% 0% 0% 50% 50% 100% Engineering 61030 Workers' compensation $0 100% 0% 0% 50% 50% 100% Engineering 61035 Group insurance $4,057 100% 0% 0% 50% 50% 100% Engineering 61036 Retirees group insurance $0 100% 0% 0% 50% 50% 100% Engineering 62015 Prof & contractual svcs $47,811 100% 0% 0% 50% 50% 100% Engineering 62025 Advertising&printing $520 100% 0% 0% 50% 50% 100% Building Maintenance 60001 Salaries wages $37,151 100% 096 0•/ 100% 100% Building Maintenance 60005 Temporary part-time $0 100% 0% 0% 100% 100% Building Maintenance 60010 Stipend expense $0 100% 0% 0% 100% 100% Building Maintenance 60015 Overtime $0 100% 0% 0% 100% 100% Building Maintenance 60020 Performance pay/educational $0 100% 0% 0% 100% 10096 Building Maintenance 60025 Auto allowance $0 100% 0% 0% 100% 10096 Building Maintenance 60030 Electronic media allowance $0 100% 0% 0% 10096 100% Building Maintenance 60035 Incentive programs $0 100% 0% 0% 100% 100% Building Maintenance 60040 Uniform allowance $0 100% 0% 096 100% 100% Building Maintenance 60999 Other salaries and wages $0 100% 0% 0% 100% 10096 Building Maintenance 61001 PERS-retirement $4,051 100% 0% 0% 100°/ 100% Building Maintenance 61004 Employer's 457 $0 100% 0% 0% 100% 100% Building Maintenance 61010 Employer's FICA $0 100% 0% 0% 100% 100% Building Maintenance 61015 Employer's medicare $537 100% 0% 0% 100°/ 100% Building Maintenance 61020 State disability insurance $179 100% 0% 0% 100°/ 100% Building Maintenance 61025 Unemployment insurance $371 100% 0% 0% 100% 100% City of Lynwood - 2023 Water and Sewer Rate Study 71 97 Building Maintenance 61030 Workers' compensation $0 100% 0% 0% 100% 100% Building Maintenance 61035 Group insurance $10,117 100% 0% 0% 100% 100% Building Maintenance 61036 Retirees group insurance $0 10096 0% 0% 100% 100% Building Maintenance 61037 Cash in Lieu $0 100% 096 0% 100% 100% Building Maintenance 61050 Education exp. reimbursement $0 100% 0% 0% 1009 100% Storm Water Program 60001 Salaries wages $0 100% 0% 0% 100% Storm Water Program 60015 Overtime $0 100% 0% 0% 100% Storm Water Program 60040 Uniform allowance $0 100% 0% 0% 100% Storm Water Program 61001 PERS-retirement $0 100% 0% 0% 100% Storm Water Program 61006 Unfunded Accrued Liability $0 100% 0% 0% 100% Storm Water Program 61010 Employer's FICA $0 100% 096 0% 100% Storm Water Program 61015 Employer's medicare $0 100% 0% 096 100% Storm Water Program 61020 State disability insurance $0 100% 0% 0% 100% Storm Water Program 61025 Unemployment insurance $0 100% 0% 0% 100% Storm Water Program 61030 Workers' compensation $0 100% 0% 0% 100% Storm Water Program 61035 Group insurance $0 100% 0% 0% 100% Storm Water Program 61036 Retirees group insurance $0 100% 0% 0% 100% Storm Water Program 62001 Legal Fees $0 100% 0% 0% 100% Storm Water Program 62015 Prof & contractual svcs $0 100% 0% 0% 100% Storm Water Program 62025 Advertising & printing $0 100% 096 0% 100% Storm Water Program 62062 Imaging Services $0 100% 0% 096 100% Storm Water Program 63025 Repairs/maint-bldg&equip. $0 100% 0% 0% 100% Storm Water Program 63045 Vehicle expense $0 100% 0% 0% 100% Storm Water Program 64005 Liability insurance expense $0 100% 0% 0% 100% Storm Water Program 64015 Travel & meetings $0 100% 0% 0% 100% Storm Water Program 64399 Other fees for services $0 100% 0% 0% 100% Storm Water Program 65015 Office supplies $0 100% 0% 0% 100% Storm Water Program 65020 Operating supplies $0 100% 0% 0% 100% Storm Water Program 65021 Paper supplies $0 100% 0% 0% 100% Storm Water Program 65040 Dues & subscriptions $0 100% 0% 0% 100% Storm Water Program 67901 Contingency set -aside $0 10096 0% 0% 100% Storm Water Program Total Storm Water Program $0 100% 0% 0% 100% Sewer Service 60001 Salaries wages $339,452 100% 0% 0% 100% 100% Sewer Service 60005 Temporary part-time $0 100% 0% Oo/ 100% 100% Sewer Service 60015 Overtime $41,294 100% 0% 0% 100% 100% Sewer Service 60025 Auto allowance $0 100% 0% 0% 100% 100% Sewer Service 60040 Uniform allowance $0 10096 0% 0% 100% 100% Sewer Service 61001 PERS-retirement $36,460 100% 0% 0% 100% 100% Sewer Service 61004 Employer's457 $0 10096 0% 0% 100% 100% Sewer Service 61006 Unfunded Accrued Liability $0 100% 0% 0% 100% 100% Sewer Service 61007 Employer's401a $0 100% 0% 0% 100% 100% Sewer Service 61010 Employer's FICA $0 100% 0% 0% 100% 100% Sewer Service 61015 Employer's medicare $4,825 100% 0% 0% 100% 100% Sewer Service 61020 State disability insurance $1,821 100% 0% 0% 100% 100% Sewer Service 61025 Unemployment insurance $3,078 100% 0% 0% 100% 100% Sewer Service 61030 Workers' compensation $47,100 100% 0% 0% 100% 100% Sewer Service 61035 Group insurance $59,891 100% 0% 0% 100% 100% Sewer Service 61036 Retirees group insurance $41,023 100% 0% 0% 100% 100% Sewer Service 61037 Cash in Lieu $0 100% 0% 0% 100% 100% Sewer Service 61045 Compensated absences $0 100% 0% 0% 100% 100% Sewer Service 62001 Legal Fees $6,236 100% 0% 0% 100% 100% Sewer Service 62015 Prof & contractual svcs $467,361 100% 0% 0% 100% 100% Sewer Service 62025 Advertising & printing $3,118 100% 0% 0% 100% 100% Sewer Service 62035 Admincosts- general $349,059 100% 0% 0% 100% 100% Sewer Service 62040 Admin costs - department $0 100% 0% 0% 100% 100% Sewer Service 62062 Imaging Services $0 100% 0% 0% 100% 100% Sewer Service 63002 Water-LUA $3,730 100% 0% 0% 100% 100% Sewer Service 63025 Repairs/mai nt-bldg & equip. $178,279 100% 0% 0% 50%. 50% 100% Sewer Service 63030 Rental bldgs & equipment $0 100% 0% 0% 50% 50% 100% Sewer Service 63045 Vehicle expense $0 100% 0% 0% 50% 50% 100% Sewer Service 64005 Liability insurance expense $149,417 100% 0% 0% 100% 100% Sewer Service 64010 Employee training costs $0 100% 0% 0% 100% 100% Sewer Service 64015 Travel & meetings $5,197 100% 0% 0% 100% 100% Sewer Service 64035 Cost allocation $0 100% 0% 0% 100% 100% Sewer Service 64399 Other fees for services $68,078 100% 0% 0% 10096 100% Sewer Service 65015 Office supplies $780 100% 0% 0% 100% 100% Sewer Service 65020 Operating supplies $34,819 100% 0% O% 100% 100% Sewer Service 65021 Paper supplies $0 100% 0% 0% 100% 100% Sewer Service 65040 Dues&subscriptions $0 100% 0% 0% 100% 100% Sewer Service 66015 Machinery&equipment $241,987 100% 0% O% 50% 50% 100% Sewer Service 66035 Office equipment $0 100% 0% 0% 100% 100% City of Lynwood - 2023 Water and Sewer Rate Study 72 98 Sewer Service 66060 Infrastructure - proprietary Sewer Service 66901 Depreciation expense Sewer Service 67410 Claims and/or Settlement Sewer Service 67420 Loss on disposal Information Technology 60001 Salaries wages Information Technology 60005 Temporary part-time Information Technology 60015 Overtime Information Technology 60020 Performance pay/educational Information Technology 60025 Auto allowance Information Technology 61001 PERS-retirement Information Technology 61004 Employer's 457 Information Technology 61006 Unfunded Accrued Liability Information Technology 61010 Employer's FICA Information Technology 61015 Employer's medicare Information Technology 61020 State disability insurance Information Technology 61025 Unemployment insurance Information Technology 61030 Workers' compensation Information Technology 61035 Group insurance Information Technology 61036 Retirees group insurance Sewer Non -operating Cost Functionalization $0 100% 0% 0% 50% 50% $0 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $39,840 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $4,331 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $0 100% 0% 0% $542 100% 0% 0% $157 100% 0% 0% $305 100% 0% 0% $6,057 100% 0% 0% $6,376 100% 0% 0% $5,275 100% 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Fixed Test Year 2024 Variable Direct Sewer Collection Pumping Customer Accounts Administrative and general Total Non -Operating Expense Total Percent Sewer Line Improvement Tributary Area 3- Sewer Improvements Tributary Area 76/85- Sewer Improvements Sewer Ongoing Capital (Debt) Sewer Ongoing Capital (Paygo) Water Cost of Service Component Allocation O&M Water Supply Pumping Other Treatment Transmission and Distribution Storage Recycled Water Conservation Meter Services Customer Service Public Fire Administrative and General Total Allocation $14,220,000 $14,220,000 $0 So $0 $14,220,000 100% 0% 0% 0% 100% $200,000 100% 100% $540,000 100% 100% $980,000 100% 100°/ $1,250,000 100% 100% $11,250,000 100% 100% Source of Supply $2,782,000 $1,211,847 $0 $0 $502,655 $61,647 $0 $0 $288,427' $o $0 $5,950,545 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Base 0.0% 53.3% 0.0% 0.0% 79.9% 79.9% 0.0% 0.0% 0.0% 0.0% 0.0% 52.9% MDD 0.0% 13.4% 0.0% 0.0% 20.1% 20.1% 0.0% 0.0% 0.0% 0.0% 0.0% 13.3% PHD 0.0% 33.3% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0% Meters 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 80.0% 0.0% 0.0% 27.1% Public Fire 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% 0.0% Customer Service 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 20.0% 100.0% 0.0% 6.8% Total 100.0% 100.0% 0,0% 0.0% 100.0% 100.0% 0.0% 100.0% 100.0% 100,0% 100.0% 100.0% Source of Supply Base MDD $2,782,000 $0 $0 $0 $645,321 $162,578 $0 $0 $0 $0 $0 $0 $0 $401,503 $101,152 $0 $49,242 $12,406 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,145,402 $792,430 PHD $0 $403,949 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Meters $0 $0 $0 $0 $0 $0 $0 $0 $230,742 $0 $0 $1, 610,170 Public Fire $0 so $o so $0 $o $o $0 $o so $0 $0 Customer Service $0 $0 $0 $0 $0 $0 $0 $0 $57,685 $0 $0 $402,543 Total $2,782,000 $1,211,847 $0 $0 $502,655 $61,647 $0 $0 $288,427 $0 $0 $5,950,545 City of Lynwood - 2023 Water and Sewer Rate Study 73 99 Non -Operating Water Supply Pumping Other Treatment Transmission and Distribution Storage Recycled Water Conservation Meter Services Customer Service Public Fire Administrative and General Source of Supply Total Allocation Base Source of Supply $1,649,103 $19,025,000 so so $1,164,000 $0 so $0 $1,476,000 $0 so $25,000,000 MDD 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Base 0% 53.3% 53.3% 53.3% 53.3% 79.9% 0.0% 0% 0% 0% 0% 23% PHD MDD 0% 13.4% 13.4% 13.4% 13.4% 20.1% 0.0% 0% 0% 0% 0% 6% PHD Meters 0% 33.3% 33.3% 33.3% 33.3% 0.0% 100.0% 100.0% 0% 0% 0% 15% Meters Public Fire 0% 0.0% 0% 0% 0% 0% 0% 0% 100% 0% 0% 56% Public Fire 0% 0.0% 0% 0% 0% 0% 0% 0% 0% 0% 100% 0% Customer Service Customer Service Total 0% 100% 0% 100% 0% 100% 0% 100% 0% 100% 0% 100% 0% 100% 0% 100% 0% 100% 100% 100% 0% 100% 0% 100% $1,649,103 $0 $0 $10,131,000 $0 $2,552,333 $0 $0 $0 $0 $0 $0 $0 $619,841 $156,159 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,869,711 $1,478,774 $0 $6,341,667 $0 $0 $388,000 $0 $0 $0 $0 $0 $0 $3,674,242 $0 $0 $0 $0 $0 $0 $0 $0 $1,476,000 $0 $0 $13,977,273 so so so so so so $0 so so $0 so so so so so $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,649,103 $19,025,000 $0 $0 $1,164,000 $0 $0 $0 $1,476,000 $0 $0 $25,000,000 Sewer Cost of Service Component Allocation O&M Sewer Collection Pumping Customer Accounts Administrative and general Total 296, 539.04 Volume 100% BOD 0% TSS 0% TKN 0% 0% 244,134.38 100% 0% 0% 0% 0% 380, 855.82 1, 726, 661.61 0% 0% 0% 0% 0% 59% 0% 0% 0% 0% Sewer Service Volume BOD TSS TKN I&I Sewer Service Total $296,539 $0 $0 $0 $0 $244,134 $0 $0 $0 $0 $0 $296,539 $0 $244,134 $0 $0 $0 $0 $0 $380,856 $380,856 $1,013,055 $0 $0 $0 $0 $713,606 $1,726,662 Non -Operating Sewer Collection Volume 14220000 100% BOD 0% TSS 0% TKN 0% 0% Total 0% 100% 0% 100% 100% 100% 41% 100% Sewer Service Volume $14,220,000 BOD TSS TKN I&I Sewer Service Total $0 $0 $0 $0 $0 $14,220,000 Total 0% 100%I City of Lynwood - 2023 Water and Sewer Rate Study 74 100 F, r NOTICE OF PUBLIC HEARING Z9ZO6 VD `poonnuA1 'peod sllln8 OEETT pooMUA1 3 o AlD - peplunwoD ap sane.n. p dZ31d1II0A - A4unwwoj — Onoayl FLION3ILLS 'AOJ'VJGOOMNAl'MMM ai.isgam ano �isin J0 109 1X] 'OZZO-E09 (OlE) sn pequoD aseald `W JS0ad axial -sissy 41411 ano lnoge aaow uaeal 01 WVHJOHd 3DNVISISSNI AlIlllfl 'AOJ'VJa00MNAl'MMM UP clam opts 0alsanu alisin 0 109 .lX3 `OZZO-E09 (OlE) le souappuoJ 'soDilgnd soppuas so' uoD e!Duaas!sv ap eweAoad oalsanu aagos uopeuaaoJu! s?w aaualgo ap uL} v SO0IIBnd SOIDIAH3S SO1 NOD VIDN3ISISV 3a VWVHDObd Date: November 07, 2023 Time: 6:00 PM Location: CITY OF LYNWOOD COUNCIL CHAMBERS 11350 BULLIS ROAD LYNWOOD, CA 90262 or via Zoom https://zoom.us/join or dial in +1 (669)900-9128 or dial in +1 (253)215-8782 Meeting ID: 835 2029 8238 For questions regarding the Public Hearing or the proposed rate structures, please call (310) 603-0220 ext. 801 or email, pwutilities@lynwoodca.gov Why are you receiving this notice? The City Council has reviewed the current water and sewer rate structures and determined that rate in- creases are necessary to recover sufficient revenues to operate and maintain the City's water and sewer systems. The proposed rate structures for the water and sewer service fees will provide revenues that (1) recover costs reasonably borne in providing the services; (2) are equitable to all customer classes; and (3) are proportionate to the cost of the service attrib- utable to the parcels within each customer class. If adopted, the increases for the water and sew- er service fees are proposed to be effective for ser- vices provided on or after January 1, 2024 and July 1, 2024 for each subsequent year as specified with no additional required action or notice by the City. NOTIFICACION DE AUDIENCIA POBLICA Fecha: 7 de noviembre de 2023 Flora: 6:00 p.m. Ubicacion: CIUDAD DE LYNWOOD CAMARAS DEL MUNICIPIO 11350 BULLIS ROAD LYNWOOD, CA 90262 o a traves de Zoom https://zoom.us/join o marque al +1 (669)900-9128 o marque al +1 (253)215-8782 ID de reunion: 835 2029 8238 Si tiene preguntas sobre la audiencia publica o las estructuras de tarifas propuestas, comuniquese al (310) 603-0220 ext. 801 o envie un correo electronico a pwutilities@lynwoodca.gov aPor que recibe esta notification? El Municipio revise) las estructuras de tarifas actuales de agua y cloacas y determine que se necesitan au- mentos de tarifas para recuperar suficientes ingresos para operar y mantener los sistemas de agua y cloa- cas de la Ciudad. Las estructuras de tarifas propuestas para los servicios de agua y cloacas proporcionaran ingresos que (1) recuperen costos asumidos razonablemente al proporcionar los servicios; (2) sean equitativos para todas las clases de clientes; y (3) sean proporcionales al costo del servicio atribuible a parcelas dentro de cada clase de cliente. Si se adoptan, se propone que los aumentos de las tarifas de agua y cloacas entren en vigencia para los servicios proporcionados el 1 de enero de 2024 y el 1 de julio de 2024, o una fecha posterior, para cada ano posterior, tal como se especifica, sin que se requiera ninguna action o notification adicional por parte de la Ciudad. 102 Proposed Water Revenue and Rate Adjustments The rate structure is comprised of two components: (1) a fixed monthly charge based on meter size. (2) a variable charge based on the amount of water a customer uses. The rates for the fixed monthly charge are established based on the size of the meter at the property receiving water service and are calculated to recover a significant portion of the City's fixed costs, such as water facilities repairs and maintenance, and a percentage of water delivery costs. The relative rates between meter sizes are based on the overall capacity differences between each meter. The rates for water use are calculated based on the cost of a percentage of managing the City's water resources; and distributing water throughout the system to customers. Together, the two components (fixed and variable) are calculated to recover the proportionate cost of providing water service attributable to parcels within the service area. 14.5% Overall Adjustments 6.0% 6.0% 6.0% 5.0% FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 VARIABLE CHARGES All Use Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 $4.23 $4.76 $5.04 $5.35 $5.67 $5.95 FIXED CHARGES Customer Class Meter Size Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Domestic Water 3/4 -in $37.68 $40.84 $43.29 $45.89 $48.64 $51.07 Service 1 -in $50.68 $62.51 $66.26 $70.24 $74.45 $78.18 1 1/2 -in $83.00 $116.21 $123.18 $130.57 $138.41 $145.33 2 -in $121.90 $180.90 $191.76 $203.26 $215.46 $226.23 3 -in $225.78 $331.96 $351.88 $373.00 $395.38 $415.14 4 -in $342.50 $547.72 $580.58 $615.42 $652.34 $684.96 6 -in $666.60 $1,086.62 $1,151.82 $1,220.93 $1,294.19 $1,358.90 8 -in $1,185.38 $1,733.57 $1,837.58 $1,947.84 $2,064.71 $2,167.94 10 -in N/A $2,488.55 $2,637.86 $2,796.14 $2,963.90 $3,112.10 Fire Service Line 3/4 -in N/A $23.89 $25.33 $26.85 $28.46 $29.88 1 -in $25.94 $34.21 $36.27 $38.44 $40.75 $42.79 1 1/2 -in $33.66 $59.78 $63.37 $67.17 $71.20 $74.76 2 -in $42.94 $90.59 $96.02 $101.78 $107.89 $113.28 3 -in $67.76 $162.51 $172.26 $182.60 $193.56 $203.23 4 -in $95.58 $265.25 $281.16 $298.03 $315.91 $331.71 6 -in $172.94 $521.85 $553.16 $586.35 $621.53 $652.60 8 -in $296.74 $829.89 $879.68 $932.46 $988.41 $1,037.83 10 -in $466.96 $1,189.37 $1,260.74 $1,336.38 $1,416.56 $1,487.39 Propuesta de ajustes de ingresos y tarifas de cloacas La estructura tarifaria de la Ciudad para el servicio de cloacas consiste en una cuota fija por conexion en funcion de la clase los ajustes de cliente. No se realizaron cambios en la estructura subyacente de las tarifas de cloacas mas alla de de ingresos. Los aumentos de los ingresos por cloacas tienen el fin de seguir el ritmo de la inflacion que repercute en las operaciones y los costos de mantenimiento, asi como en las necesidades de financiacion de renovacion y sustitucion de la Ci- udad. Las tarifas para todos los clientes se basan en una cuota fija bimensual. La proporcionalidad de las tarifas de cloacas se garantiza mediante la aplicacion de potencias y caudales relativos de cloacas. Los costos de atencion al cliente se aplican de manera uniforme a todos los clientes porque se contraen en la misma cantidad, inde- pendientemente de las diferencias de potencia o caudal cloacal. 4.0% Overall Adjustments 4.0% 1 4.0% 4.0% 4.0% t FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Customer Class Residential Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 $34.54 Commercial/Industrial/Institutional $184.70 $36.38 $189.88 $37.84 $197.47 $39.35 $205.37 $40.93 $213.59 Comparacion de tarifas de alcantarillado por Ciudad $140 $120 $100 $80 $60 $40 $20 $14.00 ■$0 $15.16 $20.66 $30.60 South Gate Norwalk Torrance Long Beach $34.54 $36.39 $37.14 $116.00 Lynwood Lynwood Gardena Los (Current (Proposed) Angeles $42.56 $222.13 103 1.. Comparacion de la tarifa de agua por sistema (Cliente promedio, %" a 32 hcf bimensuales, to que equivale aproximadamente a 400 galones por dia) En promedio, cada persona utiliza entre 80 y 100 galones de agua por dia para usos domesticos en interiores. (USGS.org) $350 $300 $250 $200 $150 $100 $50 $0 $104.30 $146.52 $159.72 $173.04 $176.30 $193.16 $195.60 $207.12 $226.68 $307.17 Pico Water Compton Long Beach Lynwood Torrance Lynwood South Gate Norwalk Golden Liberty District (Current) (Proposed) State Utilities (Central East) cCUAL ES SU HUELLA HIDRICA? Averiguelo en https://www.watercalculator.org/ Resumen de su sistema El sistema de suministro de aqua es administrado por el Departamento de Obras Publicas de la Ciudad. El sistema tiene mas de 9,500 clientes que atienden aproximadamente a 63,899 personas L1. Su sistema consiste en 98 millas de tuberias del sistema de distribucion • El sistema de transporte consta de cinco pozos de produccion de aguas subterraneas activos, una estacion de bombeo de refuerzo, un deposito de almacenamiento de hormigon, una instalacion de tratamiento de aguas subterraneas con carbon activado granular, una conexion de agua importada del Distrito Metropolitano del Agua (MWD) del Sur de California y conexiones de emergencia con la Ciudad de Compton y la Ciudad de South Gate. J El sistema de recoleccion de aguas residuales tambien es administrado por el Departamento de Obras Publicas de la Ciudad. El sistema de recoleccion de aguas residuales presta servicio a unos 9,800 clientes 1# liSu sistema consta de aproximadamente 81 millas de tuberia de alcantarillado por gravedad. 1,700 pozos de registro y cerca de 10,000 conexiones laterales cloacales El sistema de la Ciudad transporta las aguas residuales sin tratar a varios colectores troncales de transmision, tratamiento y eliminacion del Distrito Sanitario del Condado de Los Angeles. J Water Rate Comparison by System (Average Customer, %" at 32 hcf bi-monthly which is approximately 400 gallons a day) On average, each person uses about 80-100 gallons of water per day, for indoor home uses. (USGS.org) $350 $300 $250 $200 $150 $100 $50 $0 $104.30 Pico Water District $146.52 $159.72 $173.04 Compton Long Beach Lynwood (Current) $176.30 $193.16 $195.60 $207.12 $226.68 $307.17 Torrance Lynwood South Gate Norwalk Golden Liberty (Proposed) State Utilities (Central East) WHAT'S YOUR WATER FOOTPRINT? Find out at https://www.watercalculator.org/ Your System At A Glance The City's water distribution system is managed by the City's Public Works Department. The system has over 9,500 customers serving approximately 63,899 people W� L, .7 r1� Your system consists of 98 miles of distribution system piping The conveyance system consists of five active groundwater production wells, a booster pump station, a concrete storage reservoir, a Granular A ated Carbon groundwater treatment facility, an imported water connection with the Metro ater District of Southern California (MWD), and emergency connections with the City f Compton and City of South Gate. J The City's wastewater collection system is also managed by the City's Public Works Department. The wastewater collection system serves around 9,800 customers 1 11 Your system consists of about 81 miles of gravity sewer pipe 1,700 manholes and about 10,000 sewer lateral connections The City's system conveys untreated wastewater into various Los Angeles County Sanitation Districts' trunk sewers for transmission, treatment, and disposal. 104 Proposed Sewer Revenue and Rate Adjustments The City's rate structure for the sewer service fees consist of a fixed charge per connection based on custom- er class. revenue No changes were made to the underlying sewer rate structure beyond revenue adjustments. Sewer increases are designed to keep up with inflation impacting the City's operations and maintenance costs, and renewal and replacement funding needs. Rates for all customers are based on a fixed bi-monthly charge. Proportionality of sewer rates are ensured through the appli- cation of relative sewer strengths and flows. Customer service costs are applied evenly to all customers because they are incurred at equal amount regardless of the differences in sewer strength or flow. Overall Adjustments 4.0% 4.0% 4.0% 4.0% 4.0% 1 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Customer Class Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Residential $34.54 $36.38 $37.84 $39.35 $40.93 $42.56 Commercial/Industrial/Institutional $184.70 $189.88 $197.47 $205.37 $213.59 $222.13 Sewer Rate Comparison by City $140 $120 $100 $80 $60 $40 $20 $14.00 ■$0 $15.16 $20.66 $30.60 $34.54 $36.39 $37.14 $116.00 South Gate Norwalk Torrance Long Lynwood Lynwood Gardena Los Beach (Current (Proposed) Angeles Propuesta de ajustes de ingresos y tarifas del agua La estructura tarifaria esta compuesta por dos componentes: (1) una cuota mensual fija en funcion del tamano del medidor. (2) una cuota variable en funcion de la cantidad de agua que utiliza el cliente. Las tarifas de la cuota fija mensual se establecen en funcion del tamano del medidor de la propiedad que recibe el servicio de agua y se calculan para recuperar una parte significativa de los costos fijos de la Ciudad, como las reparaciones y el mantenimiento de las instalaciones de agua, y un porcentaje de los gastos de suministro de agua. Las tarifas relativas entre los tamanos del medidor se basan en las diferencias de capacidad global entre cada medidor. Las tarifas por uso de agua se calculan en funcion del costo de un porcentaje de la gestion de los recursos hidricos de la Ciudad y de la distribucion del agua en todo el sistema a los clientes. En conjunto, ambos componentes (fijos y variables) se calculan para recuperar el costo proporcional del suministro de agua atribuible a las parcelas dentro del area de servicio. 14.5% 1 Ajustes generales 6.0% 6.0% 6.0% f 5.0% FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 CARGOS VARIABLES Todo uso Actual FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 $4.23 $4.76 $5.04 $5.35 $5.67 $5.95 CARGOS FIJOS Clase de cliente Meter Size Actual FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Aqua domestica 3/4 -in $37.68 $40.84 $43.29 $45.89 $48.64 $51.07 Servicio 1 -in $50.68 $62.51 $66.26 $70.24 $74.45 $78.18 1 1/2 -in $83.00 $116.21 $123.18 $130.57 $138.41 $145.33 2 -in $121.90 $180.90 $191.76 $203.26 $215.46 $226.23 3 -in $225.78 $331.96 $351.88 $373.00 $395.38 $415.14 4 -in $342.50 T547.72 $580.58 $615.42 $652.34 $684.96 6 -in $666.60 $1,086.62 $1,151.82 $1,220.93 $1,294.19 $1,358.90 8 -in $1,185.38 $1,733.4 $1,837.58 $1,947.84 $2,064.71 $2,167.94 10 -in N/A $2,488.55 $2,637.86 $2,796.14 $2,963.90 $3,112.10 Linea de servicio 3/4 -in N/A $23.89 $25.33 $26.85 $28.46 $29.88 de bomberos 1 -in $25.94 $34.21 $36.27 $38.44 $40.75 $42.79 1 1/2 -in $33.66 $59.78 $63.37 $67.17 $71.20 $74.76 2 -in $42.94 $90.59 $96.02 $101.78 $107.89 $113.28 3 -in $67.76 $162.51 $172.26 $182.60 $193.56 $203.23 4 -in $95.58 $265.25 $281.16 $298.03 $315.91 $331.71 6 -in $172.94 $521.85 $553.16 $586.35 $621.53 $652.60 8 -in $296.74 $829.89 $879.68 $932.46 $988.41 $1,037.83 10 -in $466.96 $1,189.37 $1,260.74 $1,336.38 $1,416.56 $1,487.39 105 RESOLUTION. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING WATER AND SEWER RATES AND RELATED FEES FOR THE CITY OF LYNWOOD FOR FISCAL YEAR 2023-2024 THROUGH FISCAL YEAR 2027-2028 AS ORDERED BY THE CITY COUNCIL ON NOVEMBER 07, 2023 WHEREAS, On August 15, 2023, the City Council of Lynwood approved a continuation of Public Hearing Item #08.1 to November 07, 2023; and WHEREAS, City staff has analyzed the operations of the City's water and sewer facilities, and has considered the information available from City records as well as the studies of Robert D. Niehaus, Inc., and based on said information has prepared a comprehensive "City of Lynwood 2023 Water and Sewer Rate Study" that analyzed the City water and sewer systems operations and costs associated therewith, and recommended water and sewer rates, and related fees, for Fiscal Year 2023-2024 through Fiscal Year 2026-2027; and WHEREAS, the recommendations were developed utilizing the City's customer usage data, billing records, accounting, operating and management records, capital improvement plan, debt ratios, and reserve policies; and WHEREAS, the study considers the legal framework in developing the rates to ensure that the calculated cost of service rates provide a fair and equitable allocation of costs to the different customer classes per Article XIII C (Proposition 26), Article XIII D, Section 6 (Proposition 218), and Article X, Section 2 of the California Constitution govern the principles applicable to the rate study; and WHEREAS, the resulting rates form an equitable rate structure which is based on the actual cost to provide service for each customer will accomplish the City's goals of capital and reserve funding as well as maintaining debt service coverage ratios; and WHEREAS, the City Council is vested with the authority to impose reasonable rates for municipal services in accordance with provisions of California law. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct and incorporates them herein as findings and as substantive part of this resolution. Section 2. The City Council receive and file all findings, recitals and determinations identified above in the City of Lynwood 2023 Water and Sewer Rate Study. 106 Section 3. The City Council hereby overrules all oral and written protests, and at the recommendation of the City Manager, approves revenue increases of those published in the notice of public hearing, as reflected in the following schedules: Water Revenue Adjustments FY 2023-24 to FY 2027-28 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Recommended Rate Adjustment 14.5% 6.0% 6.0% 6.0% 5.0% Variable Charges Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 All Use, per hcf $4.23 $4.76 $5.04 $5.35 $5.67 $5.95 Fixed Charges Meter Size Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Domestic Water Service 3/4 -in $37.68 $40.84 $43.29 $45.89 $48.64 $51.07 1 -in $50.68 $62.51 $66.26 $70.24 $74.45 $78.18 1 1/2 -in $83.00 $116.21 $123.18 $130.57 $138.41 $145.33 2 -in $121.90 $180.90 $191.76 $203.26 $215.46 $226.23 3 -in $225.78 $331.96 $351.88 $373.00 $395.38 $415.14 4 -in $342.50 $547.72 $580.58 $615.42 $652.34 $684.96 6 -in $666.60 $1,086.62 $1,151.82 $1,220.93 $1,294.19 $1,358.90 8 -in $1,185.38 $1,733.57 $1,837.58 $1,947.84 $2,064.71 $2,167.94 10 -in N/A $2,488.55 $2,637.86 $2,796.14 $2,963.90 $3,112.10 Fire Service Line 3/4 -in N/A $23.89 $25.33 $26.85 $28.46 $29.88 1 -in $25.94 $34.21 $36.27 $38.44 $40.75 $42.79 1 1/2 -in $33.66 $59.78 $63.37 $67.17 $71.20 $74.76 2 -in $42.94 $90.59 $96.02 $101.78 $107.89 $113.28 3 -in $67.76 $162.51 $172.26 $182.60 $193.56 $203.23 4 -in $95.58 $265.25 $281.16 $298.03 $315.91 $331.71 6 -in $172.94 $521.85 $553.16 $586.35 $621.53 $652.60 8 -in $296.74 $829.89 $879.68 $932.46 $988.41 $1,037.83 10 -in $466.96 $1,189.37 $1,260.74 $1,336.38 $1,416.56 $1,487.39 2 107 Sewer Revenue Adjustments FY 2023-24 to FY 2027-28 Current FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Recommended Rate Adjustment 4% 4% 4% 4% 4% Residential $34.54 $36.38 $37.84 $39.35 $40.93 $42.56 Commercial $184.70 $189.88 $197.47 $205.37 $213.59 $222.13 Section 4. Authorize the Mayor to execute to Resolution for and on behalf of the City of Lynwood. Section 5. This Resolution shall take effect immediately upon its adoption by the City Council. Section 6. The City Clerk shall certify to the adoption of this Resolution and hereafter the same shall be in full force and effect. PASSED, APPROVED and ADOPTED this 7th day of November 2023. Oscar Flores Mayor ATTEST: Maria Quinonez Ernie Hernandez City Clerk City Manager APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Julian Lee Director of Public Works 3 108 STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 7th day of November 2023, and passed by the following votes: AYES: NOES: ABSTAIN: ABSENT: Maria Quinonez, City Clerk STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 7th day of November 2023. Maria Quinonez, City Clerk 4 109 Agenda Item # 9.1. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Elizabeth Popescu, Senior Management Analyst SUBJECT: APPROVAL OF A JOINT POWERS AGREEMENT FOR CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA AND AUTHORIZATION FOR IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION PROGRAM, INTRODUCTION AND FIRST READING OF ORDINANCE NO. 2023-XX. Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE JOINT POWERS AGREEMENT FOR CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA AND AUTHORIZING THE IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION PROGRAM. Background: A presentation was made by representatives of the Clean Power Alliance (CPA) to the City Council at the meeting held on March 21, 2023. The presentation included a brief background on CPA and their efforts to procure renewable energy with a general discussion on the process of becoming a member of the CPA. On May 16, 2023, the City Council approved the initial stage in the commencement of this process of becoming a member of the CPA which was to authorize a $10,000, one-time cost, required feasibility study to support the City's inclusion in the CPA. City Council City Council Regular Meeting 110 CPA is the largest Community Choice Aggregator (CCA) in California, covering 32 agencies in Los Angeles and Ventura counties. CPA is a Joint Powers Authority (JPA) and each member agency has a representative on the Board of Directors. The Board of Directors determines the programs, rates, and policies of the JPA with guidance from Clean Power Alliance staff. Current CPA program offerings include: solar plus clean backup power for critical member agency facilities; rebates for publicly accessible electric vehicle chargers; demand response incentives for residential and commercial smart technologies; and community solar for customers in disadvantaged communities. CPA handles all customer billing and administration for its members though each member's governing board determines its agency's default renewable energy tier, relating to customer rates. CPA currently offers three energy tier options: Lean Power (which is 40 percent clean energy, similar to SCE's base product), Clean Power (which is 50 percent clean energy), and Green Power (100 percent renewable energy). The CPA Board adopts rates to be effective July 1 of each year. The three Customer Class options are explained below: Option 1 - With the CPA Lean Power option, rates for residents and City accounts would be on average 1.0% lower than SCE's current rates. The Lean Power option provides 40% carbon free content and access to local programs. Lean power is the most affordable way to reliable, clean power. Option 2 - With the CPA Clean Power option, rates would be on average at parity, or 0.0% different than SCE's current rates. The Clean Power option supports building a cleaner future with 50% clean power (40% renewable content and 10% hydroelectricity) and receives competitively priced green energy. Option 3 — The Green Power option, rates would be on average 3.0% higher than SCE's current rates. This option would provide 100% renewable content from wind, solar and geothermal sources. Individual customers and the City both have the option of choosing lower clean energy content or opting out of the CPA program altogether and returning to paying SCE for both generation and delivery costs. Reliability Resource Adequacy (RA) is a program of the California Public Utilities Commission (CPUC) to ensure reliable electric service in California. This program requires Clean Power Alliance and other electricity providers to purchase enough power to meet customers' anticipated needs, plus reserves that can be called upon if they are needed in an emergency. Clean Power Alliance is required to meet the same resource adequacy and reliability standards as investor - City Council City Council Regular Meeting 111 owned utilities such as Southern California Edison (SCE). In addition, CPA is regulated by the California Independent System Operator (CAISO), one of the largest independent system operators in the world, delivering 300 million megawatt- hours of electricity each year and managing about 80% of California's electric flow. The California Legislature created the CAISO in 1998 as part of the state restructuring of electricity markets. The legislature was responding to Federal Energy Regulatory Commission (FERC) recommendations following the passage of the federal Energy Policy Act of 1992, which removed barriers to competition in the wholesale generation of electricity business. FERC regulates the CAISO because interstate transmission lines fall under the jurisdiction of federal commerce laws. Risk The JPA format relieves the member agencies from any liability to their general funds. The Board of Directors determines the programs, rates, and policies of the JPA with the guidance from Clean Power Alliance staff. CPA handles all customer billing and administration for its members though each member's governing board determines its agency's default renewable energy rates. Discussion and Analysis: Throughout the past couple of months, CPA proceeded in conducting their feasibility study on the potential inclusion of the City of Lynwood into the JPA and on October 6, 2023, the Mayor and City Manager were notified (Exhibit A - Invitation Letter & Resolution) that on October 5, 2023, the CPA Board of Directors approved Resolution 23-10-056, inviting the City of Lynwood to become a member of CPA's Joint Powers Authority, with electricity service to customers within the City's jurisdiction to begin in 2025. Next Steps for 2023 Should the Council wish to continue moving forward, the City needs to adopt an ordinance (Exhibit B) by November 30, 2023, to implement Community Choice Aggregation within the City's jurisdiction. Following the City's passage of the ordinance, the CPA Board of Directors will conduct a City Council City Council Regular Meeting 112 public hearing during its meeting on December 7, 2023, to consider and approve an Implementation Plan Addendum to add the City of Lynwood to the JPA. Though this is a routine matter, the Addendum must be submitted to the California Public Utilities Commission no later than December 31, 2023 for Lynwood customers to be eligible for CPA service starting in 2025. Thus, the deadline for the City to adopt the ordinance is the end of November. To meet this deadline, the ordinance will return to City Council for a second reading and proposed adoption on November 21, 2023. Next Steps for 2024 In 2024, staff will return to Council to request the appointment of a member of City Council to represent the City on CPA's Board of Directors, along with one or two alternate directors who may be elected leaders, city staff, or members of the public. In addition, staff will return to Council to choose the "default rate." As discussed in the Background section of this report. CPA currently has three rates which come with different levels of renewable energy content at different price points. The default rate is the rate the City of Lynwood customers would be automatically enrolled in at the start of the CPA transition unless residents take an affirmative action to choose a different CPA rate or decide to opt -out of CPA service and purchase their electricity from SCE. Then, over the course of 2024, CPA will work with staff to educate the community about the impending change in their default electricity provider starting in 2025 and make residents and businesses aware of their new options and the benefits of being a customer of Clean Power Alliance. Fiscal Impact: There are no direct costs associated with joining the CPA. Coordinated With: ATTACHMENTS: Description a CPA Invitation Letter - Lynwood 10.06.2023.pdf a Resolution No. 23-10-056 - Expansion Invitations.pdf a Ordinance - Ca. Power Alliance .pdf City Council City Council Regular Meeting 113 C PCPA CLEAN POWER ALLIANCE October 6, 2023 Mayor Oscar Flores City of Lynwood 11330 Bullis Road Lynwood, CA 90262 Dear Mayor Flores: On October 5, 2023, the Clean Power Alliance Board of Directors approved Resolution 23-10-056 inviting the City of Lynwood to become a member of CPA's Joint Powers Authority, with electricity service to customers within the City's jurisdiction to begin in 2025 or the year specified by the California Public Utilities Commission (CPUC) in its potential approval of CPA's Addendum to its Implementation Plan, if later than 2025. We are excited to work with you and City staff over the coming year to implement community choice in Lynwood for the benefit of the City's residents and businesses. To move forward, the City needs to adopt an ordinance to implement Community Choice Aggregation within the City's jurisdiction and approve the CPA Joint Powers Agreement (JPA). Our staff has shared a draft ordinance template with city staff and we are available to answer any questions prior to and/or during your Council's deliberation on the ordinance. Provided that the City passes its ordinance by November 30, 2023, the CPA Board of Directors will conduct a public hearing during its meeting on December 7, 2023, to consider and approve an Implementation Plan Addendum to add Lynwood to the JPA. This is a routine matter. However, the Addendum must be submitted to the California Public Utilities Commission no later than December 31, 2023 for Lynwood customers to be eligible for CPA service starting in 2025, thus the deadline for the City to wrap up the ordinance process by the end of November. Assuming you move forward and the CPUC approves CPA's proposed 2025 launch of service, in 2024 your City Council would appoint a member of your City Council to represent the City on CPA's Board of Directors, along with one or two alternate directors who may be other elected leaders, city staff, or members of the public. Over the course of 2024 and 2025 the CPA team would work with the City to educate the community about the impending change in their default electricity provider and make residents and businesses aware of their new options and the benefits of being a customer of Clean Power Alliance. Another decision the City Council must make is the choice of a preferred energy option. Clean Power Alliance currently has three energy options which come with different levels of renewable energy 801 S. Grand Ave., Suite 400 Los Angeles, CA 90017 cleanpoweralliance.org County of Los Angeles County of Ventura Agoura Hills Alhambra Arcadia Beverly Hills Calabasas Camarillo Carson Claremont Culver City Downey Hawaiian Gardens Hawthorne Malibu Manhattan Beach Moorpark Ojai Oxnard Paramount Redondo Beach Rolling Hills Estates Santa Monica Sierra Madre Simi Valley South Pasadena Temple City Thousand Oaks Ventura West Hollywood Westlake Village Whitter 114 content and at different price points. The preferred energy option is the option Lynwood customers would be automatically enrolled in at the start of CPA service unless they take an affirmative action to choose a different CPA energy option or decide to opt -out of CPA and purchase their electricity from Southern California Edison. The City Council may choose to select the preferred energy option for the City in conjunction with joining CPA, or it may defer this decision to 2024 (or the calendar year prior launch of service if later than 2025). CPA does not advocate for one particular energy option over another; however, CPA staff has deep experience with the considerations many cities take into account when choosing a preferred energy option and would be happy to share those experiences with you and the rest of the members of your City Council. Please don't hesitate to reach out to me or Karen Schmidt at kschmidt@cleanpoweralliance.org or 805- 798-1629 or if you have any questions or if we can be of assistance as you take the next steps toward joining CPA. Warmly, /17, Ted Bardacke Chief Executive Officer cc: Ernie Hernandez Attachment: CPA Board of Directors Resolution 23-10-056 115 RESOLUTION NO. 23-10-056 RESOLUTION OF THE BOARD OF DIRECTORS OF CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA AUTHORIZING THE OFFER OF MEMBERSHIP TO THE CITIES OF LA CANADA FLINTRIDGE, LYNWOOD, AND PORT HUENEME TO JOIN CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA ("CPA") WITH CPA SERVICE TO CUSTOMERS IN THOSE JURISDICTIONS TO BEGIN IN 2025 OR THE YEAR SPECIFIED BY THE CALIFORNIA PUBLIC UTILITIES COMMISSION (CPUC) IN ITS APPROVAL OF CPA'S ADDENDUM TO ITS IMPLEMENTATION PLAN, IF LATER THAN 2025 THE BOARD OF DIRECTORS OF CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA HEREBY RESOLVES AS FOLLOWS: WHEREAS, the cities of La Canada Flintridge, Lynwood, and Port Hueneme (individually, "City"; collectively, "Cities") requested to be considered for membership in CPA so that customers in those jurisdictions can begin receiving service from CPA in 2025; WHEREAS, each City contributed $10,000 ("Study Fee") toward the cost of conducting a feasibility study to assess the potential impacts to existing CPA customers of adding each City to CPA's service territory; WHEREAS, in 2019, the CPA Board of Directors ("Board") identified the following priorities when considering new member agencies for expansion of CPA's service territory in Los Angeles and Ventura counties: (1) fill geographic holes within CPA's service territory; (2) seek out load centers where there are synergies with CPA's environmental and/or programmatic goals; or (3) increase diversity among CPA membership ("New Membership Priorities"); WHEREAS, each of the Cities meets one or more of the New Membership Priorities; WHEREAS, benefits to expanding CPA membership to the Cities include (1) extending local control and choice to more customers and communities; (2) expanded use of renewable energy and reduction in greenhouse gas emissions; (3) leveraging outreach and communications across contiguous geographies in CPA territory; and (4) expanding scale economies in CPA's energy procurement and operations; WHEREAS, the risks and impacts of offering CPA membership to the Cities are small relative to CPA's size and can be mitigated; RESO NO. 23-10-056 October 5, 2023 Page 1 of 2 116 NOW, THEREFORE, BE IT DETERMINED, AFFIRMED, AND ORDERED BY THE BOARD OF DIRECTORS OF THE CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA THAT: IT IS DETERMINED, AFFIRMED, AND ORDERED that CPA hereby authorizes the offer of CPA membership to each City to join CPA with CPA service to customers to begin in 2025 or in the calendar year specified by the CPUC in its approval of CPA's Addendum to its Implementation Plan, if later than 2025; and, IT IS FURTHER DETERMINED, AFFIRMED, AND ORDERED that the Study Fee shall constitute each City's pro rata share of CPA's organizational and planning expenditures. ADOPTED AND APPROVED this 5th day of October 2023. d Julian G6 ; Chair ATTEST: abriela Monzon,t'ecretary RESO NO. 23-10-056 October 5, 2023 Page 2of2 117 ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE JOINT POWERS AGREEMENT FOR CLEAN POWER ALLIANCE OF SOUTHERN CALIFORNIA AND AUTHORIZING THE IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION PROGRAM WHEREAS, the City of Lynwood has been actively investigating options to provide electric services to constituents within its service area with the intent of achieving greater local involvement over the provision of electric services and promoting renewable energy at competitive rates; WHEREAS, on September 24, 2002, the Governor signed into law Assembly Bill 117 (Stat. 2002, Ch. 838; see California Public Utilities Code section 366.2; hereinafter referred to as the "Act"), which authorizes any California city or county, whose governing body so elects, to combine the electricity load of its residents and businesses in a community -wide electricity aggregation program known as Community Choice Aggregation; WHEREAS, the Act expressly authorizes participation in a Community Choice Aggregation (CCA) program through a joint powers agency; WHEREAS, through Docket No. R.03-10-003, the California Public Utilities Commission has issued various decisions and rulings addressing the implementation of CCA programs, including a procedure by which the California Public Utilities Commission will review "Implementation Plans," which are required for submittal under the Act as the means of describing the CCA program and assuring compliance with various elements contained in the Act; WHEREAS, the Clean Power Alliance of Southern California (CPA) is a joint powers authority established pursuant to California Government Code section 6500 et seq. and California Public Utilities Code section 366.2(c) and a Joint Powers Agreement ("Joint Powers Agreement"), which purposes include the following: To form a Joint Powers Authority known as "Clean Power Alliance of Southern California" (formerly known as "Los Angeles Community Choice Energy Authority"); and To specify the terms and conditions by which participants may participate as a group in energy programs, including the implementation of a CCA program; WHEREAS, an Implementation Plan Addendum will be submitted for review and adoption by the CPA Board of Directors; WHEREAS, Community Choice Aggregation by and through CPA appears to provide a reasonable opportunity to accomplish all of the following: Ordinance No. 118 To provide greater levels of local involvement in and collaboration on energy decisions; To increase the amount of renewable energy available to CPA energy customers; To provide price stability, long-term electricity cost competitiveness and other benefits for the community; and To reduce greenhouse gas emissions related to the electricity sector. WHEREAS, the Act requires CCA program participants to individually adopt an ordinance ("CCA Ordinance") electing to implement a CCA program within its jurisdiction by and through its participation in CPA; WHEREAS, it is in the public's interest and welfare to establish a CCA program within the City of Lynwood and WHEREAS, the Joint Powers Agreement expressly allows the City to withdraw its membership in CPA by complying with requirements, liabilities, and obligations specified in Section 8 of the Joint Powers Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD, CALIFORNIA DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. That the recitals set forth above are true and correct and are incorporated as though fully set forth herein. SECTION 2. Based upon the findings and declarations set forth in this ordinance, and in order to provide businesses and residents within the jurisdictional boundaries of the City with a choice of power providers and with the benefits described in the recitals above, the City Council hereby elects to implement a CCA program within the City's jurisdictional boundaries. Upon approval and execution of the Joint Powers Agreement, the City will implement the CCA program by and through the City's participation in CPA. SECTION 3. That the City Council hereby approves the Joint Powers Agreement and directs that the City proceed with the participation in CPA. SECTION 4. That the City Council declares that, should any provision, section, paragraph, sentence, or word of this ordinance be rendered or declared invalid by any final court action in a court of competent jurisdiction or by reason of any preemptive legislation, the remaining provisions, sections, paragraphs, sentences, or words of this ordinance as hereby adopted shall remain in full force and effect. SECTION 5. That this ordinance shall become effective thirty (30) days after its adoption. 119 SECTION 6. That the City's membership in the Joint Powers Agreement is contingent upon approval of CPA's Implementation Plan Addendum by the California Public Utilities Commission (CPUC), and if the CPUC rejects the Implementation Plan Addendum or specifies an enrollment date later than 2025, the City Council may rescind this ordinance on or before November 1, 2024 without being subject to the provisions of Section 8 of the Joint Powers Agreement. SECTION 7. That the City Council finds that it has the authority to adopt this ordinance, that the ordinance is constitutionally valid, and that the ordinance is consistent with the general powers and purposes of the City. SECTION 8. The Mayor shall sign and the City Clerk shall attest to the passage of this Ordinance. The City Clerk shall cause the same to be published once in the official newspaper within 15 days after its adoption. PASSED, APPROVED AND ADOPTED this 7t" day of November, 2023 Oscar Flores, Mayor ATTEST: Maria Quinonez, City Clerk APROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia, City Attorney Ernie Hernandez, City Manager 120 Agenda Item # 10.1. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Harry Hong, Director of Finance & Administration Mohammad Islam, Accounting Technician SUBJECT: APPROVAL OF THE WARRANT REGISTER Recommendation: Staff respectfully recommends that the City Council of the City of Lynwood approve the warrant register dated November 07 2023 for FY 2023-2024 Background: N/A Discussion and Analysis: N/A Fiscal Impact: FY 2023-2024 Coordinated With: City Manager City Attorney ATTACHMENTS: Description a CC - 11-7-2023- - Revised- updated Mayor- WARRANT RUN RESOLUTION TEMPLATE AND City Clerk Certify Page - Copy.docx a WARRANT RUN-CC-11-07-2023.pdf City Council City Council Regular Meeting 121 RESOLUTION NO. 2023.xxx Warrant Registers Dated 11-07-2023 PASSED, APPROVED and ADOPTED this 07th day of November 2023. Oscar Flores, Mayor ATTEST: Maria Quinonez, Ernie Hernandez, City Clerk City Manager APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia, City Attorney Harry Wong, Director of Finance and Administration 122 STATE OF CALIFORNIA )§ COUNTY OF LOS ANGELES ) I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a meeting held on the 07th day of November 2023. AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSENT: NONE ABSTAIN: NONE Date: Maria Quinonez, City Clerk STATE OF CALIFORNIA )§ COUNTY OF LOS ANGELES I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2023.xxx on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 07th day of November, 2023. Date: Maria Quinonez, City Clerk 123 apCkHist 10/30/2023 10:09AM Void Check Listing City of Lynwood Page: 1 Bank code: apbank Void Check # Date Vendor 207024 207468 207593 207635 207646 207655 207661 207705 207739 207741 03/07/2023 05/02/2023 05/16/2023 05/16/2023 05/16/2023 05/16/2023 05/16/2023 05/16/2023 05/24/2023 05/24/2023 013769 GABRIEL VALENCIA 006586 RUBEN CABALLERO 013855 ROBERT BOBADILLA 013853 MARTINA MACIAS 013856 LANDS LLOYD & KELLY 013867 ROSA MERINO 013863 LUIS NAVARRO 013858 GABRIEL VALENCIA 012167 THOMAS THORNTON 013670 RONDO ANDRE WILLIAM 207972 06/20/2023 013897 ROSANGELICA MERINO 208005 06/20/2023 013896 HENRY ALEXANDER 208242 07/18/2023 010066 TRI-WEST MECHANICAL, 208352 07/26/2023 013938 RUTH LEDEZMA 208383 07/26/2023 013215 THE HOME DEPOT PRO 208422 08/08/2023 013971 ALBERTO ROSALES 208835 10/03/2023 000078 ODP BUSINESS ClearNoid Date Reason-void/Reissue 10/23/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/16/2023 STALE DATED 10/23/2023 STALE DATED 10/23/2023 STALE DATED 10/09/2023 STALE DATED 10/23/2023 STALE DATED 10/23/2023 STALE DATED 10/23/2023 STALE DATED 10/23/2023 STALE DATED 10/23/2023 STALE DATED 10/10/2023 WRONG AMOUNT -208976 10/10/2023 329976009001 10/10/2023 330426698001 10/10/2023 331944648001 Inv. Date Amount Paid 02/13/2023 124.00 04/03/2023 1,272.51 05/03/2023 25.00 05/02/2023 124.00 05/03/2023 30.00 05/02/2023 146.00 05/02/2023 124.00 05/03/2023 124.00 08/17/2021 3.00 09/06/2022 113.00 09/06/2022 113.00 06/06/2023 63.00 06/06/2023 52.00 06/15/2023 1,475.00 06/15/2023 336.00 07/05/2023 200.00 06/10/2023 473.52 06/20/2023 462.81 06/23/2023 133.51 06/19/2023 83.71 07/28/2023 300.00 09/14/2023 1,157.56 09/01/2023 385.64 09/07/2023 314.17 09/12/2023 35.98 Check Total 124.00 1,272.51 25.00 124.00 30.00 146.00 124.00 124.00 3.00 226.00 63.00 52.00 1,811.00 200.00 1,153.55 300.00 1,893.35 Page: 1 124 apCkHist 10/30/2023 10:09AM Void Check Listing City of Lynwood Page: 2 Bank code: apbank Void Check # Date Vendor Status ClearNoid Date Invoice Inv. Date 208913 10/17/2023 013702 GOOD GUARD SECURITY 208914 10/17/2023 001510 GRAINGER, INC. 208942 10/17/2023 013835 PAT WEST LLC 208947 10/17/2023 013486 DALIA DE LA PIEDRA 208974 10/10/2023 013938 RITA LEDEZMA 208980 10/17/2023 009041 ATKINSON, ANDELSON 23 checks in this report Amount Paid 10/24/2023 WRONG AMOUNT -209003 09/18/2023 13,810.36 10/24/2023 3095 09/19/2023 929.27 10/24/2023 2416 07/31/2023 528.85 10/24/2023 3195 09/27/2023 498.63 10/24/2023 3096 09/19/2023 392.86 10/24/2023 3094 09/19/2023 226.65 10/24/2023 3194 09/25/2023 166.21 10/24/2023 3196 09/29/2023 166.21 10/24/2023 2414 07/31/2023 151.10 10/24/2023 2415 07/31/2023 151.10 10/24/2023 3097 09/19/2023 151.10 10/24/2023 WRONG INVOICE -209005 09/15/2023 9,313.12 10/24/2023 9843095333 09/19/2023 203.61 10/24/2023 983095358 09/19/2023 198.45 10/17/2023 WRONGPAYEE-208979-80 08/22/2023 15,000.00 10/17/2023 691708 08/31/2023 1,443.00 10/17/2023 688985 07/31/2023 888.00 10/23/2023 WRONG PAYEE -209002 08/31/2023 475.00 10/17/2023 WRONG PAYEE NAME208991 07/05/2023 200.00 10/23/2023 NOT UPLOADED208997 08/31 /2023 1,443.00 10/23/2023 688985 07/31 /2023 888.00 apbank Total: Total Checks: Check Total 17,172.34 9,715.18 17, 331.00 475.00 200.00 2,331.00 54,895.93 54,895.93 Page: 2 125 vchlist Electronic Financial Transaction List Page: 3 10/26/2023 4:04:57PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 1680 8/9/2023 013073 CALPERS INSURANCE Ben154646 BLUE SHIELD ACCESS+: PAYMENT 58,170.06 Total : 58,170.06 1687 8/9/2023 013090 PERS Ben155068 PERS: PAYMENT 70,008.03 Total : 70,008.03 1691 8/9/2023 013073 CALPERS INSURANCE Ben155040 KAISER: PAYMENT 1,747.23 Total : 1,747.23 1692 8/9/2023 013090 PERS Ben155042 PERS: PAYMENT 1,095.87 Total : 1,095.87 1694 8/4/2023 013091 PERS 457 Ben155046 DEF COMP - PERS 457: PAYMENT 2,880.92 Total : 2,880.92 1697 8/9/2023 013073 CALPERS INSURANCE Ben155074 INSURANCE PAYMENT 59,533.54 Total : 59,533.54 1699 8/4/2023 013091 PERS 457 Ben155078 DEF COMP - PERS 457: PAYMENT 6,401.04 Total : 6,401.04 1700 8/2/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben155080 DEF COMP - NATIONWIDE: 10,925.78 Total : 10,925.78 1701 8/2/2023 013507 NATIONWIDE RETIREMENT SOLUTION Ben155082 401A: PAYMENT 201.44 Total : 201.44 1702 8/10/2023 005794 INTERNAL REVENUE SERVICE Ben155301 SOCIAL SECURITY: PAYMENT 49,853.28 Total : 49,853.28 1703 8/11/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben155303 STATE WITHHOLDING TAXES: 13,771.92 Total : 13,771.92 1704 8/17/2023 012556 KEENAN & ASSOCIATES Ben155305 DELTA DENTAL: PAYMENT 4,485.21 Total : 4,485.21 1706 8/16/2023 013090 PERS Ben155309 PERS: PAYMENT 69,735.44 Page: 3 126 vchlist Electronic Financial Transaction List Page: 4 10/26/2023 4:04:57PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 1706 8/16/2023 013090 013090 PERS (Continued) Total: 69,735.44 1708 8/16/2023 013091 PERS 457 Ben155313 DEF COMP - PERS 457: PAYMENT 6,401.04 Total : 6,401.04 1709 8/17/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben155315 DEF COMP - NATIONWIDE: 10,780.18 Total : 10,780.18 1710 8/16/2023 013507 NATIONWIDE RETIREMENT SOLUTION Ben155317 401A: PAYMENT 201.44 Total : 201.44 1711 8/17/2023 012556 KEENAN & ASSOCIATES Ben155669 DELTA DENTAL: PAYMENT 4,652.47 Total : 4,652.47 1712 8/24/2023 005794 INTERNAL REVENUE SERVICE Ben155671 SOCIAL SECURITY: PAYMENT 48,703.20 Total : 48,703.20 1715 8/25/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben155677 STATE WITHHOLDING TAXES: 13,923.59 Total : 13,923.59 1718 8/29/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben155683 DEF COMP - NATIONWIDE: 9,988.28 Total : 9,988.28 1719 8/29/2023 013507 NATIONWIDE RETIREMENT SOLUTION Ben155685 401A: PAYMENT 201.44 Total: 201.44 1720 8/17/2023 012556 KEENAN & ASSOCIATES Ben155689 DELTA DENTAL: PAYMENT 92.48 Total : 92.48 1721 8/24/2023 005794 INTERNAL REVENUE SERVICE Ben155691 SOCIAL SECURITY: PAYMENT 758.08 Total : 758.08 1752 10/5/2023 012556 KEENAN & ASSOCIATES Ben156597 DELTA DENTAL: PAYMENT 4,329.81 Total : 4,329.81 1753 10/5/2023 005794 INTERNAL REVENUE SERVICE Ben156599 SOCIAL SECURITY: PAYMENT 47,479.99 Total : 47,479.99 1754 10/5/2023 013073 CALPERS INSURANCE Ben156601 BLUE SHIELD ACCESS+: PAYMENT 55,151.50 Page: 4 127 vchlist Electronic Financial Transaction List Page: 5 10/26/2023 4:04:57PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 1754 10/5/2023 013073 013073 CALPERS INSURANCE (Continued) Total : 55,151.50 1755 10/5/2023 013090 PERS Ben156603 PERS: PAYMENT 67,402.76 Total : 67,402.76 1756 10/5/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben156605 STATE WITHHOLDING TAXES: 13,403.26 Total : 13,403.26 1757 10/5/2023 013473 CONTROLLING INSURANCE COST IN, Ben156607 VISION: PAYMENT 470.12 Total : 470.12 1758 10/5/2023 013091 PERS 457 Ben156609 DEF COMP - PERS 457: PAYMENT 6,301.04 Total : 6,301.04 1759 10/5/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben156611 DEF COMP - NATIONWIDE: 9,988.28 Total : 9,988.28 1760 10/5/2023 013507 NATIONWIDE RETIREMENT SOLUTION Ben156613 401A: PAYMENT 201.44 Total : 201.44 1761 10/19/2023 012556 KEENAN & ASSOCIATES Ben156858 DELTA DENTAL: PAYMENT 92.48 Total : 92.48 1762 10/19/2023 005794 INTERNAL REVENUE SERVICE Ben156860 SOCIAL SECURITY: PAYMENT 758.08 Total : 758.08 1763 10/19/2023 013073 CALPERS INSURANCE Ben156862 KAISER: PAYMENT 2,501.87 Total : 2,501.87 1764 10/19/2023 013090 PERS Ben156864 PERS: PAYMENT 1,049.31 Total : 1,049.31 1765 10/19/2023 013473 CONTROLLING INSURANCE COST IN, Ben156866 VISION: PAYMENT 30.63 Total : 30.63 1766 10/19/2023 013091 PERS 457 Ben156868 DEF COMP - PERS 457: PAYMENT 2,388.17 Total : 2,388.17 1767 10/19/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben156870 DEF COMP - NATIONWIDE: 500.00 Page: 5 128 vch list 10/26/2023 4:04:57PM Electronic Financial Transaction List City of Lynwood Page: 6 Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 1767 10/19/2023 010069 010069 NATIONWIDE RETIREMENT 1768 10/19/2023 012556 KEENAN & ASSOCIATES 1769 10/19/2023 005794 INTERNAL REVENUE SERVICE 1770 10/19/2023 013073 CALPERS INSURANCE 1771 10/19/2023 013090 PERS 1772 10/19/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. 1773 10/19/2023 013473 CONTROLLING INSURANCE COST IN, 1774 10/19/2023 013091 PERS 457 1775 10/19/2023 010069 NATIONWIDE RETIREMENT SOLUTION 1776 10/19/2023 013507 NATIONWIDE RETIREMENT SOLUTION 100001 8/9/2023 000053 CALPERS 100002 8/15/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. 100003 8/1/2023 005794 INTERNAL REVENUE SERVICE 100004 8/2/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. (Continued) Ben156895 Ben156897 Ben156899 Ben156901 Ben156903 Ben156905 Ben156907 Ben156909 Ben156911 100000017249902 L0400611408 005794 001357-080223 DELTA DENTAL: PAYMENT SOCIAL SECURITY: PAYMENT Total : 500.00 4,374.44 Total : 4,374.44 50,204.72 Total : 50,204.72 BLUE SHIELD ACCESS+: PAYMENT Total : PERS: PAYMENT STATE WITHHOLDING TAXES: VISION: PAYMENT Total : Total : Total : DEF COMP - PERS 457: PAYMENT Total : DEF COMP - NATIONWIDE: 401A: PAYMENT GASB 68 REPORTING UNEMPLOYMENT INSURANCE Total : Total : Total : Total : FEDERAL WITHHOLDING TAXES Total : 55,151.50 55,151.50 67, 802.02 67,802.02 13,852.22 13,852.22 470.12 470.12 6,301.04 6,301.04 9,988.28 9,988.28 201.44 201.44 350.00 350.00 1,730.73 1,730.73 114.01 114.01 STATE WITHHOLDING TAXES 15.78 Page: 6 129 vchlist Electronic Financial Transaction List Page: 7 10/26/2023 4:04:57PM City of Lynwood Bank code: apbank Voucher Date Vendor Invoice PO # Description/Account Amount 100004 8/2/2023 001357 001357 EMPLOYMENT DEVELOPMENT (Continued) Total : 15.78 1006023 8/9/2023 013073 CALPERS INSURANCE 100000017235073 PA BILLING EMPLOYER SHARE 18,686.66 100000017235074 PA BILLIG EMPLOYER SHARE 286.57 Total : 18,973.23 1006024 8/3/2023 000372 FIRE DEPARTMENT, LOS ANGELES C0011368 01-001790 FIRE PROTECTION SERVICES 787,156.00 Total : 787,156.00 1006025 8/14/2023 000124 CITY OF LYNWOOD 35991-36046 REPLENISH ACCOUNT 20,277.43 Total : 20,277.43 1006027 8/22/2023 010935 WESTERN ALLIANCE BANK 010935-090123 2017 LEASE REV BOND- INTEREST 361,480.90 Total : 361,480.90 1006028 8117/2023 011076 KEENAN & ASSOCIATES 011076-083123 RETIREES 7,165.77 Total : 7,165.77 57 Vouchers for bank code : apbank Bank total : 2,062,170.33 Page: 7 130 vchlist Electronic Financial Transaction List Page: 8 10/26/2023 4:04:57PM City of Lynwood Bank code : sa usb Voucher Date Vendor Invoice PO # Description/Account Amount 20002 8/22/2023 000173 U.S. BANK TRUST 2343238 BOND PAYMENTS 1,455,000.00 Total : 1,455,000.00 1 Vouchers for bank code : sa usb Bank total : 1,455,000.00 58 Vouchers in this report Total vouchers : 3,517,170.33 Page: 8 131 vchlist Prepaid -Check List 10/17/2023 8:34:42AM City of Lynwood Page: 9 Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 208973 10/9/2023 013084 LE, JESSICA 1 Vouchers for bank code : apbank 1 Vouchers in this report Ben156595 JESSICA HERRERA: PAYMENT 293.00 Total : Bank total : Total vouchers : 293.00 293.00 293.00 Page: 9 132 vchlist 10/17/2023 8:31:17AM Prepaid -Check List City of Lynwood Page: 10 Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 208974 10/10/2023 013938 208975 208976 10/10/2023 001987 10/10/2023 000078 LEDEZMA, RITA 20358617 DISTRICT OF SOUTHERN CALIF., WATER AUGUST 31, 2023 ODP BUSINESS SOLUTIONS,LLC 208977 10/10/2023 010249 SHIPE, SHANELL 208978 10/10/2023 000163 SOUTHERN CALIFORNIA EDISON 208979 10/17/2023 013835 PAT WEST LLC 208980 10/17/2023 009041 LOYA, RUUD AND ROMO, ATKINSON, 688985 691708 329976009001 330426698001 330597854001 331944648001 208981 10/12/2023 005344 AT&T MOBILITY 208982 208983 10/12/2023 013321 10/12/2023 000486 HERNANDEZ, ERNIE LIBERTY UTILITIES 010249-100423-1 000163-101023 0311 287260367753X090823 287260367753X100823 013321-091023 200006750273-100323 200006750281-100323 200006750299-100323 06-009997 08-005204 03-000451 08-005204 03-000451 05-001974 05-001971 05-001971 REFUNDABLE DEPOSIT -FACILITY Total : PROF & CONTRACTUAL SERVICES Total : OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES REIMBURSEMENT -MILEAGE UTILITY EXPENSE Total : Total : Total : PROF & CONTRACTUAL SERVICES Total : LEGAL AND LABOR RELATIONS LEGAL AND LABOR RELATIONS Total : TELEPHONE SERVICE TELEPHONE SERVICE REIMBURSEMENT -MILEAGE WATER SERVICES WATER SERVICES WATER SERVICES Total : Total : Total : 200.00 200.00 176,111.82 176,111.82 385.64 314.17 1,157.56 39.67 1,897.04 169.00 169.00 36,488.05 36,488.05 15,000.00 15,000.00 888.00 1,443.00 2,331.00 3,145.07 3,940.91 7,085.98 1,112.10 1,112.10 168.96 68.03 68.03 305.02 Page: 10 133 vchlist Prepaid -Check List 10/17/2023 8:31:17AM City of Lynwood Page: 11 Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 208984 10/12/2023 013288 SPECTRUM 0603173091523 INTERNET SERVICES 221.17 Total : 221.17 208985 10/12/2023 013288 SPECTRUM 0244895100123 INTERNET SERVICES 219.98 Total : 219.98 208986 10/12/2023 013288 SPECTRUM 0031912091623 INTERNET SERVICES 177.27 Total : 177.27 208987 10/12/2023 013619 TOYOTA FINANCIAL SERVICES 001 7362931 100623 01-001722 AUTO EXPENSE 777.65 Total : 777.65 208988 10/12/2023 013288 SPECTRUM 0543478091623 INTERNET SERVICES 247.23 Total : 247.23 208990 10/16/2023 006586 CABALLERO, RUBEN 22044849 REFUND -CONSTRUCTION METER 1,272.51 Total : 1,272.51 16 Vouchers for bank code : apbank 16 Vouchers in this report Bank total : 243, 615.82 Total vouchers : 243,615.82 Page: 11 134 vchlist Prepaid -Check List 10/17/2023 8:32:55AM City of Lynwood Page: 12 Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 208989 10/12/2023 014027 BARRETT, ERLEEN 1 Vouchers for bank code : apbank 1 Vouchers in this report 014027-101223 REFUND -ILLEGAL TOW 125.00 Total : Bank total : Total vouchers : 125.00 125.00 125.00 Page: 12 135 vchlist Prepaid -Check List Page: 13 10/26/2023 12:11:24PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209001 10/23/2023 013084 LE, JESSICA 1 Vouchers for bank code : apbank 1 Vouchers in this report Ben156893 JESSICA HERRERA: PAYMENT 293.00 Total : Bank total : Total vouchers : 293.00 293.00 293.00 Page: 13 136 vchlist Prepaid -Check List Page: 14 10/26/2023 12:05:51PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209003 10/24/2023 013702 GOOD GUARD SECURITY INC 2414 08-005190 PROF & CONTRACTUAL SERVICES 151.10 2415 08-005190 PROF & CONTRACTUAL SERVICES 151.10 2416 08-005190 PROF & CONTRACTUAL SERVICES 528.85 3051 08-005191 PROF & CONTRACTUAL SERVICES 14,240.12 3094 08-005190 PROF & CONTRACTUAL SERVICES 226.65 3095 08-005190 PROF & CONTRACTUAL SERVICES 929.27 3096 08-005190 PROF & CONTRACTUAL SERVICES 392.86 3097 08-005190 PROF & CONTRACTUAL SERVICES 15t10 3194 08-005190 PROF & CONTRACTUAL SERVICES 166.21 3195 08-005190 PROF & CONTRACTUAL SERVICES 498.63 3196 08-005190 PROF & CONTRACTUAL SERVICES 166.21 Total : 17,602.10 209004 10/25/2023 000955 CENTRAL BASIN MUNICIPAL WATER LYN-SEP23 06-010040 PROF & CONTRACTUAL SERVICES 3,429.77 Total : 3,429.77 209005 10/24/2023 001510 GRAINGER, INC. 9839941078 06-010071 PROF & CONTRACTUAL SERVICES 9,313.12 9843095333 11-002259 PROF & CONTRACTUAL SERVICES 203.61 9843095358 11-002259 PROF & CONTRACTUAL SERVICES 198.45 Total : 9,715.18 209006 10/25/2023 013971 ROSALES, ALBERTO 128 COMMUNITY ACTIVITY EXPENSE 800.00 Total : 800.00 209007 10/25/2023 011963 WEX BANK 92482366 06-009989 AUTO EXPENSE 13,779.34 Total : 13,779.34 209008 10/26/2023 000163 SOUTHERN CALIFORNIA EDISON 000163-102623 UTILITY EXPENSE 9,562.07 Total : 9,562.07 6 Vouchers for bank code : apbank Bank total : 54,888.46 6 Vouchers in this report Total vouchers : 54,888.46 Page: 14 137 vchlist 10/24/2023 10:42: 04AM Check List Page: 15 City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 208991 10/18/2023 013938 LEDEZMA, RUTH 20358617 REFUNDABLE DEPOSIT -FACILITY 200.00 Total : 200.00 208992 10/18/2023 006399 AT&T 000020607556 TELEPHONE SERVICE 15.24 000020645800 TELEPHONE SERVICE 25.29 000020649065 TELEPHONE SERVICE 103.75 000020649067 TELEPHONE SERVICE 27.10 000020649068 TELEPHONE SERVICE 331.79 000020649070 TELEPHONE SERVICE 76.65 000020649074 TELEPHONE SERVICE 103.75 000020649078 TELEPHONE SERVICE 27.10 000020649184 TELEPHONE SERVICE 52.66 000020649185 TELEPHONE SERVICE 52.66 000020649255 TELEPHONE SERVICE 52.66 Total : 868.65 208993 10/18/2023 000163 SOUTHERN CALIFORNIA EDISON 000163-101723 UTILITY EXPENSE 22,998.73 Total : 22,998.73 208994 10/18/2023 014029 TANAKA FARMS, LLC 2023 COMMUNITY ACTIVITY EXPENSE 1,040.00 Total : 1,040.00 208995 10/19/2023 000164 THE GAS CO. 000164-101823 UTILITY EXPENSE 3,447.36 Total : 3,447.36 208996 10/19/2023 008483 V V & G CONSTRUCTION 423-5-209:1 11-002278 PROF & CONTRACTUAL SERVICES 19,976.00 423-5-210 11-002283 PROF & CONTRACTUAL SERVICES 18,513.00 423-5-211 11-002284 PROF & CONTRACTUAL SERVICES 17,224.00 Total : 55,713.00 208997 10/23/2023 009041 LOYA, RUUD AND ROMO, ATKINSON, 688985 05-001971 PROF & CONTRACTUAL SERVICES 888.00 691708 05-001971 PROF & CONTRACTUAL SERVICES 1,443.00 Total : 2,331.00 208998 10/23/2023 013971 ROSALES, ALBERTO 117 COMMUNITY ACTIVITY EXPENSE 300.00 Total : 300.00 Page: 15 138 vchlist 10/24/2023 10:42:04AM Check List Page: 16 City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # DescriptionlAccount Amount 208999 10/23/2023 013215 THE HOME DEPOT PRO SUPPLY WORK 749609301 08-005180 REPAIRS AND MAINTENANCE 473.52 750834897 08-005180 REPAIRS AND MAINTENANCE 83.71 751019530 08-005180 REPAIRS AND MAINTENANCE 462.81 751699737 08-005180 REPAIRS AND MAINTENANCE 133.51 Total : 1,153.55 209000 10/23/2023 010066 TRI-WEST MECHANICAL, INC. TWM11986 06-009591 MAINTENANCE & REPAIR SERVICES 336.00 TWM11987 06-009591 MAINTENANCE & REPAIR SERVICES 1,475.00 Total : 1,811.00 209002 10/24/2023 013488 LIN, GRACE C 11 Vouchers for bank code : apbank 11 Vouchers in this report 5121-A COMMUNITY ACTIVITY EXPENSE 475.00 Total : 475.00 Bank total : 90,338.29 Total vouchers : 90,338.29 Page: 16 139 vchlist 10/26/2023 4:43:06PM Check List City of Lynwood Page: 17 Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209009 11/7/2023 013931 AETNA RESOURCES FOR LIVING 209010 11/7/2023 013797 AIRGAS USA, LLC 209011 11/7/2023 001994 ALIN'S PARTY SUPPLY CO. 209012 11/7/2023 007439 ALL CITY MANAGEMENT SVCS, INC. 209013 209014 11/7/2023 010746 ALVAREZ-GLASMAN & COLVIN 11/7/2023 013738 AMAZON CAPITAL SERVICES INC 209015 11/7/2023 002452 AMERICAN LANGUAGE SVCS. 209016 11/7/2023 000418 AREA "E" DISASTER MANAGEMENT 209017 11/7/2023 010487 AUTOZONE WEST, INC. E0303698 9142736439 539631 544125 87089 87350 87702 88246 2023-05-20760-08 1153-65XN-4RLN 1 VNJ-9QLQ-V96D 1X9L-MRWG-DKG7 1 XP7-CFJQ-GVC1 1 YV6-HRDQ-DT9L 76770 77119 2023-23-016 4147877819 5446231906 5446325533 5446394235 05-001970 08-005198 08-005198 11-002279 11-002279 11-002279 11-002279 01-001805 01-001803 06-010056 06-010056 06-010056 06-010056 PROF & CONTRACTUAL SERVICES Total : OPERATING SUPPLIES Total : COMMUNITY ACTIVITY EXPENSE COMMUNITY ACTIVITY EXPENSE Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : LEGAL SERVICES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES Total : Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : MEMBERSHIP DUES Total : FLEET PARTS AND ACCESSORIES FLEET PARTS AND ACCESSORIES FLEET PARTS AND ACCESSORIES FLEET PARTS AND ACCESSORIES 218.23 218.23 116.69 116.69 860.00 187.27 1,047.27 5,206.85 14, 709.26 15,159.65 17,282.93 52,358.69 329.00 329.00 131.28 16.48 683.61 49.91 604.67 1,485.95 85.00 189.90 274.90 7,251.00 7,251.00 24.26 20.50 21.38 52.47 Page: 17 140 vchlist Check List Page: 18 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209017 11/7/2023 010487 AUTOZONE WEST, INC. (Continued) 5446595534 06-010056 FLEET PARTS AND ACCESSORIES 64.30 5446675188 06-010056 FLEET PARTS AND ACCESSORIES 57.75 5446991381 06-010056 FLEET PARTS AND ACCESSORIES 8.81 5446998560 06-010056 FLEET PARTS AND ACCESSORIES 249.31 Total : 498.78 209018 11/7/2023 004285 AVANT GARDE, INC. 8795 06-010087 PROF & CONTRACTUAL SERVICES 250.00 8796 06-008790 PROF & CONTRACTUAL SERVICES 405.00 8798 06-009554 PROF & CONTRACTUAL SERVICES 561.00 8800 06-009557 PROF & CONTRACTUAL SERVICES 280.50 8801 06-010087 PROF & CONTRACTUAL SERVICES 272.00 8804 06-010087 PROF & CONTRACTUAL SERVICES 500.00 8865 06-010087 PROF & CONTRACTUAL SERVICES 500.00 8866 06-010087 PROF & CONTRACTUAL SERVICES 350.00 8867 06-010087 PROF & CONTRACTUAL SERVICES 500.00 8869 06-009557 PROF & CONTRACTUAL SERVICES 250.00 8871 06-010087 PROF & CONTRACTUAL SERVICES 784.00 Total : 4,652.50 209019 11/7/2023 013589 BNS FLEET SERVICE INC 23255 06-009996 REPAIRS AND MAINTENANCE 190.00 23742 06-009996 REPAIRS AND MAINTENANCE 884.95 23889 06-009996 REPAIRS AND MAINTENANCE 1,215.77 Total : 2,290.72 209020 11/7/2023 005848 BOWMAN INFRASTRUCTURE ENG LTD 25760 11-002280 PROF & CONTRACTUAL SERVICES 14,932.01 28658 11-002280 PROF & CONTRACTUAL SERVICES 18,261.73 28677 11-002280 PROF & CONTRACTUAL SERVICES 832.00 28678 11-002280 PROF & CONTRACTUAL SERVICES 11,430.00 28725 11-002280 PROF & CONTRACTUAL SERVICES 4,992.00 28726 11-002280 PROF & CONTRACTUAL SERVICES 14,541.50 28786 11-002280 PROF & CONTRACTUAL SERVICES 3,994.60 28792 11-002280 PROF & CONTRACTUAL SERVICES 19,431.00 28793 11-002280 PROF & CONTRACTUAL SERVICES 1,352.00 Total : 89,766.84 209021 11/7/2023 005848 BOWMAN INFRASTRUCTURE ENG LTD 28751 11-002281 PROF & CONTRACTUAL SERVICES 2,946.00 Page: 18 141 vchlist Check List Page: 19 10/26/2023 4:43:O6PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209021 11/7/2023 005848 BOWMAN INFRASTRUCTURE ENG LTD (Continued) 28837 11-002281 PROF & CONTRACTUAL SERVICES 17,384.50 Total : 20,330.50 209022 11/7/2023 004773 BSN SPORTS 923087832 08-005210 SPECIAL NEEDS PROGRAM 92.61 923121001 08-005210 SPECIAL NEEDS PROGRAM 1,091.43 Total : 1,184.04 209023 11/7/2023 000300 BUBBS HARDWARE 267 06-009969 MATERIALS AND SUPPLIES 4.39 268 06-009969 MATERIALS AND SUPPLIES 7.58 Total : 11.97 209024 11/7/2023 000032 CAL ADDISON 703981 06-010041 REPAIRS AND MAINTENANCE 375.00 703982 06-010041 REPAIRS AND MAINTENANCE 140.00 703983 06-010041 REPAIRS AND MAINTENANCE 140.00 703986 06-010041 REPAIRS AND MAINTENANCE 140.00 703989 06-010041 REPAIRS AND MAINTENANCE 230.00 703990 06-010041 REPAIRS AND MAINTENANCE 510.00 703991 06-010041 REPAIRS AND MAINTENANCE 140.00 703994 06-010041 REPAIRS AND MAINTENANCE 270.00 Total : 1,945.00 209025 11/7/2023 013105 CALIFORNIA STREET LIGHTING 1024 06-010075 PROF & CONTRACTUAL SERVICES 7,150.00 Total : 7,150.00 209026 11/7/2023 007782 CAMACHO, GABRIELA 007782-113023 ELECTRONIC/MEDIA-AUTO EXPENSE 500.00 Total : 500.00 209027 11/7/2023 013700 CAMPOS, FATIMA 013700-072623 08-005215 PROF & CONTRACTUAL SERVICES 1,272.00 013700-083023 08-005215 PROF & CONTRACTUAL SERVICES 1,344.00 013700-092723 08-005215 PROF & CONTRACTUAL SERVICES 1,392.00 Total : 4,008.00 209028 11/7/2023 000488 CANON SOLUTIONS AMERICA, INC 6004421667 12-000453 CANON PRINTS AND MAINTENANCE 35.54 6005366700 12-000453 CANON PRINTS AND MAINTENANCE 35.54 6005439416 12-000453 CANON PRINTS AND MAINTENANCE 25.29 6005653813 12-000453 CANON PRINTS AND MAINTENANCE 56.32 6005698149 12-000453 CANON PRINTS AND MAINTENANCE 35.54 Page: 19 142 vchlist 10/26/2023 4:43:06PM Check List City of Lynwood Page: 20 Bank code : Voucher apbank Date Vendor Invoice PO # Description/Account Amount 209028 11/7/2023 000488 CANON SOLUTIONS AMERICA, INC 209029 209030 (Continued) 6005751860 11/7/2023 006573 CENTRAL FORD AUTOMOTIVE, INC. 35713 11/7/2023 000657 CENTURY RADIATORS 0065 0067 0068 0069 0071-A 0072 209031 11/7/2023 004168 CINTAS FIRE PROTECTION 5177271237 209032 11/7/2023 001571 CLINICAL LAB OF SAN BERNARDINO 2301544-LYNO1 209033 11/7/2023 013555 COLLINS, JORDAN 013555-072923 013555-082623 209034 209035 11/7/2023 002179 COMPTON BLUEPRINT & SUPPLY 1007474 11/7/2023 010754 COOL IMAGE WATER, DBAN AMERICAN 2011 2012 2013 2014 2015 2016 2017 2018 2019 12-000453 06-010042 06-010032 06-010032 06-010032 06-010032 06-010032 06-010032 06-010006 08-005216 08-005216 03-000450 11-002257 01-001800 02-002671 08-005185 08-005185 08-005185 02-002671 08-005185 CANON PRINTS AND MAINTENANCE Total : REPAIRS AND MAINTENANCE REPAIRS AND PARTS REPAIRS AND PARTS REPAIRS AND PARTS REPAIRS AND PARTS REPAIRS AND PARTS REPAIRS AND PARTS FIRST AID CABINET Total : Total : Total : PROF & CONTRACTUAL SERVICES Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : OFFICE SUPPLIES Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES 25.29 213.52 210.87 210.87 419.35 574.65 123.43 112.40 123.43 123.43 1,476.69 140.25 140.25 810.00 810.00 440.00 600.00 1,040.00 78.84 78.84 31.96 63.92 77.94 23.97 233.43 63.92 15.98 7.99 31.96 Page: 20 143 vchlist 10/26/2023 4:43:06PM Check List City of Lynwood Page: 21 Bank code : apbank Voucher Date Vendor Invoice 209035 11/7/2023 010754 010754 COOL IMAGE WATER, DBA/ 209036 11/7/2023 001306 CORELOGIC SOLUTIONS, LLC. 30680187 30684833 (Continued) 209037 11/7/2023 010638 COURT OF CALIFORNIA, COUNTY OF LA August 2023 209038 11/7/2023 013751 CUELLAR, LUIS GERARDO 209039 11/7/2023 000305 CULLIGAN 209040 11/7/2023 000138 DAILY JOURNAL CORPORATION 209041 11/7/2023 013550 EAGLE PORTABLES SANITATION LLC 209042 11/7/2023 012042 ECHEMENDIA, RAUL 209043 11/7/2023 014021 EDGEWORTH INTEGRATION,LLC 013751-103123 1335698 B3743085 B3743087 B3747074 9200 001927-0140 00034450 209044 11/7/2023 011246 EFAX CORPORATE 4617622 4645727 209045 11/7/2023 004089 ELDER, BRUCE A. 004089-081723 004089-083123 209046 11/7/2023 013455 ELITE POWER SYSTEMS 716 PO # Description/Account Amount 06-009971 03-000453 08-005200 12-000457 08-005217 08-005217 06-010078 Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : ADMINISTRATIVE FEES Total : ELECTRONIC/MEDIA-AUTO EXPENSE Total : PROF & CONTRACTUAL SERVICES Total : PUBLICATION SERVICES PUBLICATION SERVICES PUBLICATION SERVICES Total : COMMUNITY ACTIVITY EXPENSE Total : REFUNDABLE DEPOSIT Total : PROF & CONTRACTUAL SERVICES Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : PROF & CONTRACTUAL SERVICES 551.07 273.18 273.18 546.36 17, 519.50 17,519.50 500.00 500.00 81.52 81.52 581.29 570.00 270.00 1,421.29 750.00 750.00 10,231.73 10,231.73 114,410.87 114,410.87 159.50 159.50 319.00 756.80 808.00 1,564.80 720.00 Page: 21 144 vchlist Check List Page: 22 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209046 11/7/2023 013455 ELITE POWER SYSTEMS (Continued) 717 06-010078 PROF & CONTRACTUAL SERVICES 1,682.79 718 06-010078 PROF & CONTRACTUAL SERVICES 360.00 721 06-010078 PROF & CONTRACTUAL SERVICES 4,560.07 Total : 7,322.86 209047 11/7/2023 013739 ENGINEERING SERVICES INC, PTM 3 06-009817 PROF & CONTRACTUAL SERVICES 164,851.67 Total : 164,851.67 209048 11/7/2023 013973 ENTERPRISE FM TRUST FBN4859205 06-010052 PROF & CONTRACTUAL SERVICES 5,077.79 Total : 5,077.79 209049 11/7/2023 009633 EVENT STEP AND REPEAT 18086 08-005209 PRINTED BANNERS 919.80 18134 08-005209 PRINTED BANNERS 262.80 Total : 1,182.60 209050 11/7/2023 013881 FAGEN FRIEDMAN & FULFROST LLP 214397-1 05-001967 PROF & CONTRACTUAL SERVICES 29.50 Total : 29.50 209051 11/7/2023 001087 FANTASY FLOWERS AND GIFTS 4203 08-005192 COMMUNITY ACTIVITY EXPENSE 237.04 4221 08-005192 COMMUNITY ACTIVITY EXPENSE 33.08 4497 01-001788 COMMUNITY ACTIVITY EXPENSE 82.69 Total : 352.81 209052 11/7/2023 001393 FERGUSON ENTERPRISES, INC 3035328 06-010007 MATERIALS AND SUPPLIES 314.34 Total : 314.34 209053 11/7/2023 009082 FLOYD, LATASIA 009082-072423 08-005218 PROF & CONTRACTUAL SERVICES 200.00 009082-092523 08-005218 PROF & CONTRACTUAL SERVICES 640.00 Total : 840.00 209054 11/7/2023 004425 FUN EXPRESS. LLC 72660567501 08-005201 COMMUNITY ACTIVITY EXPENSE 74.91 Total : 74.91 209055 11/7/2023 008482 GALINDO LOCK&KEY SERVICES 0071929 DUPLICATE KEY PURCHASE 45.00 Total : 45.00 209056 11/7/2023 003983 GALLS QUARTERMASTER BC1961492 11-002267 UNIFORM EXPENSE 276.13 Page: 22 145 vchlist Check List Page: 23 10/2612023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209056 11/7/2023 003983 GALLS QUARTERMASTER (Continued) BC1961556 11-002267 UNIFORM EXPENSE 383.94 BC1961557 11-002267 UNIFORM EXPENSE 148.82 BC1962037 11-002267 UNIFORM EXPENSE 247.84 Total : 1,056.73 209057 11/7/2023 014025 GARCIA, ERIC 20381579 COMMUNITY GARDEN EXPENSE 319.93 Total : 319.93 209058 11/7/2023 001352 GMC PEST CONTROL, INC. 243 06-009999 PEST CONTROL 1,000.00 Total : 1,000.00 209059 11/7/2023 010786 GOGOVAPPS, INC. 23-335 12-000455 PROF & CONTRACTUAL SERVICES 15,528.00 Total : 15,528.00 209060 11/7/2023 013702 GOOD GUARD SECURITY INC 3228 08-005191 PROF & CONTRACTUAL SERVICES 14,014.83 Total : 14,014.83 209061 11/7/2023 013702 GOOD GUARD SECURITY INC 3197 08-005190 PROF & CONTRACTUAL SERVICES& 619.51 3351 08-005190 PROF & CONTRACTUAL SERVICES& 332.42 3371 08-005190 PROF & CONTRACTUAL SERVICES& 196.43 3372 08-005190 PROF & CONTRACTUAL SERVICES& 226.65 3375 08-005190 PROF & CONTRACTUAL SERVICES& 151.10 3376 08-005190 PROF & CONTRACTUAL SERVICES& 793.28 3525 08-005190 PROF & CONTRACTUAL SERVICES& 226.65 Total : 2,546.04 209062 11/7/2023 001510 GRAINGER, INC. 9852379461 11-002259 OPERATING SUPPLIES 285.78 9854158236 11-002259 OPERATING SUPPLIES 51.24 9854158244 11-002259 OPERATING SUPPLIES 30.86 9859662331 06-010008 OPERATING SUPPLIES 1,677.65 9862799211 11-002259 OPERATING SUPPLIES 84.98 Total : 2,130.51 209063 11/7/2023 000993 GRM INFORMATION MANAGEMENT 0487803 PROF & CONTRACTUAL SERVICES 191.50 0487968-0487982 01-001801 PROF & CONTRACTUAL SERVICES 1,477.16 0489771 02-002672 PROF & CONTRACTUAL SERVICES 69.51 0489866 PROF & CONTRACTUAL SERVICES 184.75 Page: 23 146 vchlist Check List Page: 24 10/26/2023 4:43:O6PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209063 11/7/2023 000993 000993 GRM INFORMATION MANAGEMENT (Continued) Total : 1,922.92 209064 11/7/2023 014030 HERDMAN, BRIDGET 002621-0018 REFUND -BUILDING PERMIT 5,789.00 Total : 5,789.00 209065 11/7/2023 003338 HILLYARD-LOS ANGELES 605268337 06-010002 BUILDING MAINTENANCE 1,098.32 605268338 06-010002 BUILDING MAINTENANCE 470.13 Total : 1,568.45 209066 11/7/2023 001681 HUMAN SERVICES ASSOCIATION 093020246 08-005195 SENIOR MEAL PROGRAM 2,786.25 Total : 2,786.25 209067 11/7/2023 000676 IDEAL LIGHTING SUPPLY, INC. 124256 06-009974 ELECTRICAL SUPPLIES 472.97 Total : 472.97 209068 11/7/2023 000635 IDR ENVIRONMENTAL SERVICES 81593 06-010059 PROF & CONTRACTUAL SERVICES 2,592.75 Total : 2,592.75 209069 11/7/2023 005947 INDUSTRIAL CHEM. LAB SERVICES 333177 OPERATING SUPPLIES 319.22 Total : 319.22 209070 11/7/2023 013783 INSURANCE COMPANY, THE OHIO 5 % RETENTION RETENTION 5% 27,136.39 Total : 27,136.39 209071 11/7/2023 008254 JCL TRAFFIC SERVICES 121257 06-010085 PROF & CONTRACTUAL SERVICES 858.63 Total : 858.63 209072 11/7/2023 001269 JOHN L. HUNTER & ASSOCIATES LYNIMS412308 06-010045 PROF & CONTRACTUAL SERVICES 11,991.25 LYN1MS422308 06-010044 PROF & CONTRACTUAL SERVICES 1,572.25 Total : 13,563.50 209073 11/7/2023 000097 JONES LUMBER 320387 08-005202 OPERATING SUPPLIES 439.33 Total : 439.33 209074 11/7/2023 003547 KANE, BALLMER & BERKMAN 28061 11-002282 PROF & CONTRACTUAL SERVICES 87.50 Total : 87.50 209075 11/7/2023 009723 KELAR PACIFIC, LLC 2138 SUBSCRIPTION DUES 2,610.00 Page: 24 147 vchlist 10/26/2023 4:43:06PM Check List City of Lynwood Page: 25 Bank code : apbank Voucher Date Vendor Invoice 209075 209076 11/7/2023 009723 009723 KELAR PACIFIC, LLC 11/7/2023 012798 KIDCHECK INC 209077 11/7/2023 013434 KILEY & ASSOCIATES,LLC 209078 11/7/2023 000001 KING FENCE, INC 209079 11/7/2023 003331 L.A. COUNTY SHERIFF DEPT. 209080 209081 209082 11/7/2023 006763 11/7/2023 011638 11/7/2023 008480 (Continued) PO # Description/Account Amount Total : 306508 CHECK IN ANNUAL SUBSCRIPTION Total : 23 24 25 48884 240577EC 240718EC 240719EC 240803EC LAKESHORE LEARNING MATERIALS 367562100423 LINDSAY MARCIA COX 100123 PROF & CONTRACTUAL SERVICES Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : PROF & CONTRACTUAL SERVICES Total : LAW ENFORCEMENT SERVICES LAW ENFORCEMENT SERVICES LAW ENFORCEMENT SERVICES LAW ENFORCEMENT SERVICES Total : LOPEZ AUTO SERVICE & TIRES INC 32741 32752 32758 209083 11/7/2023 009655 LYNWOOD CITY CAR WASH, INC. 209084 11/7/2023 002861 MAGIC JUMP RENTALS,INC. 0120154 0274488 68936A 69246 71631 01-001808 01-001808 01-001808 08-005193 08-005223 01-001804 01-001793 01-001794 08-005213 06-009975 06-009975 06-009975 06-009976 06-009976 08-005212 08-005212 08-005212 COMMUNITY ACTIVITY EXPENSE Total : REPAIRS AND PARTS REPAIRS AND PARTS REPAIRS AND PARTS AUTO EXPENSE AUTO EXPENSE Total : Total : COMMUNITY ACTIVITY EXPENSE COMMUNITY ACTIVITY EXPENSE COMMUNITY ACTIVITY EXPENSE 2,610.00 1,368.00 1,368.00 5,000.00 5,000.00 5,000.00 15,000.00 42.50 42.50 9,103.75 1,049,944.77 22, 789.60 10, 687.04 1,092,525.16 392.95 392.95 4,000.00 4,000.00 945.76 225.00 950.18 2,120.94 543.84 623.83 1,167.67 260.00 283.00 261.00 Page: 25 148 vchlist Check List Page: 26 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209084 11/7/2023 002861 002861 MAGIC JUMP RENTALS,INC. (Continued) Total : 804.00 209085 11/7/2023 002761 MARCO POWER EQUIPMENT 41212146 06-010012 SUPPLIES, REPAIRS, MACHINERY 158.76 41212151 06-010012 SUPPLIES, REPAIRS, MACHINERY 86.66 41212153 06-010012 SUPPLIES, REPAIRS, MACHINERY 563.13 Total : 808.55 209086 11/7/2023 004509 MARISOL MEDINA 013620-083023 08-005219 PROF & CONTRACTUAL SERVICES 1,296.00 013620-092723 08-005219 PROF & CONTRACTUAL SERVICES 1,188.00 Total : 2,484.00 209087 11/7/2023 014031 MARTINEZ, MIRIAM 002305-0065 REFUNDABLE DEPOSIT 3,740.00 Total : 3,740.00 209088 11/7/2023 000128 MARX BROS FIRE EXTINGUISHER P 12747 06-009978 FIRE EXTINGUISHERS 1,615.65 Total : 1,615.65 209089 11/7/2023 013065 MKN & ASSOCIATES 1039383 06-009787 PROF & CONTRACTUAL SERVICES 41,345.42 Total : 41,345.42 209090 11/7/2023 011975 MOMAR, INC. PSI525568 06-009981 OPERATING SUPPLIES 321.13 Total : 321.13 209091 11/7/2023 007207 MUNI TEMPS 130289 03-000452 PROF & CONTRACTUAL SERVICES 6,320.00 Total : 6,320.00 209092 11/7/2023 012270 MUNIENVIRONMENTAL, LLC 23-037 06-010020 PROF & CONTRACTUAL SERVICES 6,277.50 Total : 6,277.50 209093 11/7/2023 013721 MUNOZ-GUEVARA, JUAN 013721-113023 ELECTRONIC/MEDIA-AUTO EXPENSE 500.00 Total : 500.00 209094 11/7/2023 009647 MV CHENG & ASSOCIATES, INC. 09/30/2023 02-002675 PROF & CONTRACTUAL SERVICE 18,140.00 Total : 18,140.00 209095 11/7/2023 000475 NATIONWIDE ENVIRONMENTAL SVCS. 33463 06-010021 PROF & CONTRACTUAL SERVICES 55,811.70 33524 06-010048 PROF & CONTRACTUAL SERVICES 56,456.17 33525 06-010054 PROF & CONTRACTUAL SERVICES 3,089.32 Page: 26 149 vchlist Check List Page: 27 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209095 11/7/2023 000475 NATIONWIDE ENVIRONMENTAL SVCS. (Continued) 33551 06-010048 PROF & CONTRACTUAL SERVICES 7,137.79 33553 06-010022 PROF & CONTRACTUAL SERVICES 23,342.67 Total : 145,837.65 209096 11/7/2023 011922 NORTH STAR LAND CARE 1601-626 06-010046 TREE TRIMMING, MAINTENANCE 29,610.00 1601-628 06-010046 TREE TRIMMING, MAINTENANCE 3,195.00 1601-632 06-010046 TREE TRIMMING, MAINTENANCE 27,360.00 Total : 60,165.00 209097 11/7/2023 000078 ODP BUSINESS SOLUTIONS,LLC 332634498001 02-002674 OFFICE SUPPLIES 53.68 334895365001 08-005204 OFFICE SUPPLIES 948.11 334904901001 08-005204 OFFICE SUPPLIES 486.83 334904914001 08-005204 OFFICE SUPPLIES 35.27 334904923001 08-005204 OFFICE SUPPLIES 66.13 337876319001 06-010003 OFFICE SUPPLIES 179.96 Total : 1,769.98 209098 11/7/2023 005562 ORKIN PEST CONTROL 250682642 MONTHLY SERVICE CHARGE 140.00 Total : 140.00 209099 11/7/2023 014032 PALOMO, HUGO 002080-0005 REFUNDABLE DEPOSIT 5,520.00 Total : 5,520.00 209100 11/7/2023 011725 PAVEMENT COATINGS CO. RETENTION RETENTION 11,947.75 Total : 11,947.75 209101 11/7/2023 010945 PETDATA, INC. 010945-072823 REFUND -INCORRECT DEPOSIT 54.00 12301 11-002274 PET LICENSING SERVICES 500.00 Total : 554.00 209102 11/7/2023 004854 PETTY CASH- FINANCE 004854-102323 REPLENISH BOX 465.36 Total : 465.36 209103 11/7/2023 005588 PLUMBERS DEPOT, INC PD -54442 06-010014 MAINTENANCE AND REPAIRS 9,189.89 Total : 9,189.89 209104 11/7/2023 007243 PUBLIC WORKS, LOS ANGELES COUNTY RE-PW-23101002240 LABOR & EQUIPMENT CHARGES 295.77 Page: 27 150 vchlist Check List Page: 28 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209104 11/7/2023 007243 PUBLIC WORKS, LOS ANGELES COUNTY (Continued) RE-PW-231 01002241 LABOR & EQUIPMENT CHARGES 2,439.39 Total : 2,735.16 209105 11/7/2023 001142 QUILL CORPORATION 35168526 OFFICE SUPPLIES 130.30 Total : 130.30 209106 11/7/2023 001313 QUINONEZ, MARIA 001313-113023 ELECTRONIC/MEDIA-AUTO EXPENSE 500.00 Total : 500.00 209107 11/7/2023 005067 ROADLINE 19221 06-009983 SUPPLIES, PARTS AND PAINTS 1,528.38 Total : 1,528.38 209108 11/7/2023 013724 ROBERT D NIEHAUS INC. 9323 06-010069 PROF & CONTRACTUAL SERVICES 905.00 Total : 905.00 209109 11/7/2023 013971 ROSALES, ALBERTO 123 PROF & CONTRACTUAL SERVICES 664.00 Total : 664.00 209110 11/7/2023 011595 ROSE EQUIPMENT REPAIR, INC. IN30659 06-010015 REPAIRS AND MAINTENANCE -CITY 800.69 IN30689 06-010015 REPAIRS AND MAINTENANCE -CITY 937.80 Total : 1,738.49 209111 11/7/2023 008805 RPW SERVICES, INC. 36572 06-010060 PROF & CONTRACTUAL SERVICES 125.00 Total : 125.00 209112 11/7/2023 014033 SARAHANG, FARAZ K 002650-0009 REFUND- DUPLICATE PAYMENT 260.00 Total : 260.00 209113 11/7/2023 006568 SCHOOL OUTFITTERS, LLC INV14060400 08-005214 COMMUNITY ACTIVITY EXPENSE 1,657.56 Total : 1,657.56 209114 11/7/2023 010635 SECURITY OF LOS ANGELES, INC 348193 REPAIRS AND MAINTENANCE 695.88 Total : 695.88 209115 11/7/2023 008668 SOLACHE, JOSE LUIS 008668-113023 ELECTRONIC/MEDIA-AUTO EXPENSE 500.00 Total : 500.00 Page: 28 151 vchlist 10/26/2023 4:43:06PM Check List City of Lynwood Page: 29 Bank code : apbank Voucher Date Vendor Invoice 209116 11/7/2023 012692 SOTO, RITA 209117 11/7/2023 009040 STOTZ EQUIPMENT 209118 11/7/2023 008420 SWANK MOTION PICTURES, INC 209119 11/7/2023 002938 TAJ OFFICE SUPPLY 209120 11/7/2023 013701 TAYLOR, LASHONDA 209121 209122 012692-113023 W33611 RG 3424074 RG 3428806 03875 03881 03885 03888 03907 03990 04048 04058 013701-072723 013701-083123 013701-092823 11/7/2023 001211 THE BANK OF NEW YORK MELLON 252-2574125 11/7/2023 013215 THE HOME DEPOT PRO SUPPLY WORK 767389554 767637473 768281149 768560856 768808883 768827271 768827388 768827545 769295395 PO # Description/Account Amount 06-010025 08-005181 08-005181 11-002277 11-002277 11-002277 11-002277 11-002277 11-002277 11-002277 11-002277 08-005222 08-005222 08-005222 06-009967 06-009967 06-009967 06-009967 06-009967 06-009967 06-009967 06-009967 06-009967 ELECTRONIC/MEDIA-AUTO EXPENSE Total : REPAIRS AND MAINTENANCE LICENSING FEES LICENSING FEES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES OFFICE SUPPLIES Total : Total : Total : PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES PROF & CONTRACTUAL SERVICES Total : ADMINISTRATIVE FEES REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE REPAIRS AND MAINTENANCE Total : 500.00 500.00 676.93 676.93 510.00 510.00 1,020.00 657.73 132.30 831.29 551.25 1,036.35 51.82 1,609.65 51.82 4,922.21 220.00 340.00 260.00 820.00 1,600.00 1,600.00 260.82 142.93 178.54 320.08 216.08 141.90 308.00 382.22 37.20 Page: 29 152 vchlist Check List Page: 30 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209122 11/7/2023 013215 THE HOME DEPOT PRO SUPPLY WORK (Continued) 769298068 06-009967 REPAIRS AND MAINTENANCE 220.10 769805789 06-009967 REPAIRS AND MAINTENANCE 491.00 770051902 06-009967 REPAIRS AND MAINTENANCE 79.56 770522993 06-009967 REPAIRS AND MAINTENANCE 166.33 770957736 06-009967 REPAIRS AND MAINTENANCE 56.10 771224441 06-009967 REPAIRS AND MAINTENANCE 986.69 771230539 06-009967 REPAIRS AND MAINTENANCE 117.65 771419785 06-009967 REPAIRS AND MAINTENANCE 77.13 Total : 4,182.33 209123 11/7/2023 007860 THE PUN GROUP, LLP 114080 02-002676 PROF & CONTRACTUAL SERVICE 24,675.00 Total : 24,675.00 209124 11/7/2023 012294 TRANSTECH ENGINEERS, INC. 20234358 06-010090 PROF & CONTRACTUAL SERVICES 38.00 20234832 06-009479 PROF & CONTRACTUAL SERVICES 5,436.00 20234834 06-010090 PROF & CONTRACTUAL SERVICES 97.00 20234836 06-009914 PROF & CONTRACTUAL SERVICES 10,783.00 20234837 06-010090 PROF & CONTRACTUAL SERVICES 2,977.00 20234838 06-010090 PROF & CONTRACTUAL SERVICES 2,288.00 Total : 21,619.00 209125 11/7/2023 010066 TRI-WEST MECHANICAL, INC. TWM12120 06-010061 HVAC & MAINTENANCE REPAIRS 360.00 TWM12121 06-010061 HVAC & MAINTENANCE REPAIRS 360.00 TWM12122 06-010061 HVAC & MAINTENANCE REPAIRS 550.00 TWM12123 06-010061 HVAC & MAINTENANCE REPAIRS 10,662.50 Total : 11,932.50 209126 11/7/2023 003001 TYLER TECHNOLOGIES, INC. 045-419491 12-000454 PROF & CONTRACTUAL SERVICES 320.00 045-424465 12-000454 PROF & CONTRACTUAL SERVICES 320.00 045-437542 12-000454 PROF & CONTRACTUAL SERVICES 350.00 Total : 990.00 209127 11/7/2023 007742 ULINE, INC. 161456762 08-005224 SUPPLIES FOR RECREATION 831.43 Total : 831.43 209128 11/7/2023 009742 UNIFIRST CORPORATION 2190065551 06-010029 UNIFORM SERVICE AND SUPPLIES 113.24 Page: 30 153 vchlist Check List Page: 31 10/26/2023 4:43:06PM City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209128 11/7/2023 009742 UNIFIRST CORPORATION (Continued) 2190065552 06-010029 UNIFORM SERVICE AND SUPPLIES 119.87 2190065553 06-010029 UNIFORM SERVICE AND SUPPLIES 116.59 2190065554 06-010029 UNIFORM SERVICE AND SUPPLIES 125.41 2190065555 06-010029 UNIFORM SERVICE AND SUPPLIES 111.03 2190068796 06-010029 UNIFORM SERVICE AND SUPPLIES 81.76 2190068797 06-010029 UNIFORM SERVICE AND SUPPLIES 59.49 2190068798 06-010029 UNIFORM SERVICE AND SUPPLIES 116.59 2190068799 06-010029 UNIFORM SERVICE AND SUPPLIES 125.41 2190068800 06-010029 UNIFORM SERVICE AND SUPPLIES 111.03 2190072256 06-010029 UNIFORM SERVICE AND SUPPLIES 118.39 2190072257 06-010029 UNIFORM SERVICE AND SUPPLIES 59.49 2190072258 06-010029 UNIFORM SERVICE AND SUPPLIES 118.08 2190072259 06-010029 UNIFORM SERVICE AND SUPPLIES 134.93 2190072260 06-010029 UNIFORM SERVICE AND SUPPLIES 111.03 Total : 1,622.34 209129 11/7/2023 002912 WATERLINE TECHNOLOGIES,INC 5656606 06-010016 OPERATING SUPPLIES 1,012.10 5656859 06-010016 OPERATING SUPPLIES 944.62 5657465 06-010016 OPERATING SUPPLIES 506.05 5657483 06-010016 OPERATING SUPPLIES 522.92 5657505 06-010016 OPERATING SUPPLIES 472.31 5657507 06-010016 OPERATING SUPPLIES 674.73 5658510 06-010016 OPERATING SUPPLIES 826.54 Total : 4,959.27 209130 11/7/2023 009100 WATERWORKS TECHNOLOGY,INC. 6989 06-010065 PROF & CONTRACTUAL SERVICES 34,700.00 Total : 34,700.00 209131 11/7/2023 000040 WAXIE SANITARY SUPPLY 81971661 06-009987 OFFICE SUPPLIES 166.50 Total : 166.50 209132 11/7/2023 000477 WEBSTER'S BEE REMOVAL SERVICES 2234 06-009988 PROF & CONTRACTUAL SERVICES 385.00 Total : 385.00 209133 11/7/2023 001522 WECK LABORATORIES, INC. W3F1698 06-010017 PROF & CONTRACTUAL SERVICES 200.00 W3G1680 06-010017 PROF & CONTRACTUAL SERVICES 100.00 Page: 31 154 vchlist 10/2612023 4:43:06PM Check List Page: 32 City of Lynwood Bank code : apbank Voucher Date Vendor Invoice PO # Description/Account Amount 209133 11/7/2023 001522 001522 WECK LABORATORIES, INC. (Continued) Total : 300.00 209134 11/7/2023 008010 WESTERN NRG, INC. 179349 12-000452 PROF & CONTRACTUAL SERVICES 8,013.99 Total : 8,013.99 209135 11/7/2023 000102 WHITE CAP, HD SUPPLY CONST.& 10018701483 06-010083 SUPPLIES AND MATERIAL 111.12 50024006511 06-010083 SUPPLIES AND MATERIAL 917.56 Total : 1,028.68 209136 11/7/2023 012137 XIO INC. 2022-12243 06-010031 PROF & CONTRACTUAL SERVICES 760.00 Total : 760.00 128 Vouchers for bank code : apbank Bank total : 2,195,828.87 Page: 32 155 Agenda Item # 10.2. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Harry Wong, Director of Finance & Administration Lilly Hampton, Senior Accounting Technician SUBJECT: STALE DATED CHECKS Recommendation: Staff recommends that City Council adopt the attached entitled "A RESOLUTON OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PUBLICATION OF NOTICE OF STALE DATED CHECKS AND TRANSFER OF UNCLAIMED FUNDS TO THE GENERAL FUND REVENUE ACCOUNT" Background: Per City's current policy, checks are considered stale -dated if not claimed within one year from date of issuance. The City's policy requires the publishing of unclaimed monies after a three- year period, for individual items of $15 or more. The Finance Department must submit a list of stale dated checks to the legislative body and obtain authorization to publish the list and transfer the unclaimed monies to the General Fund revenue account. Discussion and Analysis: It is the policy of the City of Lynwood to publish a notice of unclaimed funds, after a three-year period, for individual items of $15 or more. Items less than $15 that remain unclaimed for a period of one year may also be transferred to the General Fund Revenue account, without the necessity of publication of notice pursuant to California Government Code Section 50055. If funds remain unclaimed for at least a three-year period, notice of individual items of $15 or more must be published once a week for two consecutive weeks in a newspaper of general circulation in the City of Lynwood. The first notice will be published on November 16. 2023. The purpose of the notice is to provide notification that the funds will become property of the City after December 4, 2023 if left unclaimed. The notice shall state the amount and the fund City Council City Council Regular Meeting 156 in which they are held. The Finance Department has prepared and attached a listing of stale dated checks for Council's review. Fiscal Impact: Unclaimed funds currently total $3,008.27. If left unclaimed after December 4, 2023, the funds will be transferred to the General Fund revenue account. Coordinated With: City Attorney Office ATTACHMENTS: Description D EXHIBIT A.pdf D EXHIBIT B -.pdf D EXHIBIT C -.pdf D STALE DATED CHECKS DUE TO VENDORS LIST.pdf D RESOLUTION - UNCLAIMED FUNDS.docx City Council City Council Regular Meeting 157 EXHIBIT A The relevant California Government Code Sections that would be included in the policy follow, A. Section 50050 — Money not the property of a local agency that remains unclaimed in its treasury or in the official custody of Its officers for three years is the property of the local agency after notice if not claimed or if no verified complaint is filed and served. At any time after the expiration of the three-year period, the treasurer'of.the focal agency may cause a notice to be published once a week for two successive weeks in a newspaper of general circulation published in the local agency. B. Section 50053 — When any such money becomes the property of a local , agency and is In a special fund, the legislative body may transfer it to the . general fund. C. Section 50055 -- Any individual items of less than fifteen dollars ($15), or any amount if the depositor's name Is unknown, which remain unclaimed In the treasury or in the official custody of an officer of a local agency for the period of one year or upon an order of the court may be transferred to the general fund by the legislative body without the necessity of publication of a notice in a newspaper, 158 EXHIBIT B City of Lynwood CITY COUNCIL POLICY SUBJECT: STALE DATED CHECKS DATED: PURPOSE The purpose of this policy and procedure is to describe the process and procedures for stale -dating City of Lynwood general account and payroll checks by the Department of Finance & Administration. POLICY Vendor and refund check; are stale -dated if not claimed within one year from date of issuance. Although checks have the printed message that mare VOIL) after 90 days, banks are considered not liable if a check is paid to payee after the 90 days. The Department of Finance & Administration is responsible for ensuring that re;5 rid (beds have been stale -dated correctly in the deck register. PROCEDURE The Department of Finance and Administration will conduct a monthly inventory of checks and pull all expired checks: •E.ath vendor amount will be reviewed before the checks a.re stale -dated to determine if the vendor has a balance or any relevant hold such as: busir license, water/municipal bill, returned check, parking fine etc. All checks qualifying (i.e. City, LRA, Lit checking accounts and payroll checking account) for stale -dating will be stamped "state -dated" on the face of the check and cut signature(s) from the check. In addition, all holds for debts such as parking fines, returned checks, etc., will be written on the stale dated checks. The checks will then be entered on a Stale -Dated Check Log. Finance personnel will compare °'e tog to the attached checks to ensure all checks have been. 5onectly pulled before the checks arid listing are forwarded to Accounting. "State- " date" will also be entered on the check log. Stale -date, ref, :'1 chocks will be processed by the designated vtaffby entering a brief comment on the vendor's account indicating the date the check was stale - 159 dated and the check amount. Refund checks will not be stale -dated if vendor account(s) have balances. Any check pulled due to an account balance will be voided back to the vendor's account. All stale -dated payroll checks will be entered on a journal voucher before forwarding them to the Director of Finance & Administration. Entries will debit specific account and credit another account. A journal entry for stale -dated checks for vendors owing other charges such as traffic fines and business license fees will be prepared transferring the check amount from the stale -dated account to the another specified account. Requesting the replacement of stale -dated checks will be accomplished through Accounting by completing a memorandum to Finance & Administration. All required information will be included on the Memorandum. The memorandum will be signed and forwarded to Accounting for pros sing. 160 EXHIBIT C City of Lynwood CITY COUNCIL POLICY DATED:" M YOR:G SUBJECT: Unclaimed Funds Purpose: The purpose of this policy and procedure is to establish guidelines for processing unclaimed monies. Government Code Section 50050, et. seq. provides that unclaimed funds which remain in the treasury or in the custody of the officers of a local agency for three (3) years, become the property of the agency after notice if not claimed or if no verified complaint is filed and served. There are certain funds that the agency is not allowed to keep, such as those paid out of grants or restitution to victims. Pol icv: It is the policy of the City of Lynwood to publish a notice of unclaimed monies, after the three-year period, for individual items of $15 or more. The Accounting Division will submit a report to the legislative body and obtain authorization to transfer unclaimed monies to the General Fund revenue account group. Procedures: 1. At any time after the expiration of the three -yew period, individual items $15.00 or more must be published, once a week for two successive weeks in a newspaper of general circulation, as notification that the money will become the property of the City after a designated date if it is left unclaimed. The notice shall state the amount of the money, and the fund in which it is held. 2. Individual items of less than fifteen dollars ($15), or any amount if the depositor's name is unknown, which remained unclaimed in the treasury or in the custody of the City for the period of one year may be transferred to the General Fund by the legislative body without the necessity of publication of a notice in a newspaper. 3. A party of interest may file a claim before the designated date the unclaimed money becomes the property of the Agency. The claim must include the claimant's name, 161 address, amount of claim, and the grounds on which the claim is founded and any other information that may be required by the City. The City shall accept or reject the claim. 4. If claim is accepted, a new check will be issued. All original -supporting documents and claim form should be attached to the check. Check will be included on the next warrant run and posted to the stale-datrrd account. 5. Escheatment to the General Fund occurs if a verified claim is not filed by the designated date. The designated date must not be less than forty-five or more than sixty days after the first publication of the notice. 6. The legislative body will be provided with a list of escheated checks by resolution. Upon approval of the resolution, Accounting will prepare a joumal voucher to transfer funds to the General Fund. 7. At least one of the following notations should be made on all back-up: a) Unclaimed Monies- "Published on by Escheated to the general fund per Resolution No. dated b) Claimed Monies requests should: i) Include attachment of original backup and claim form to re -issued check. ii) Void back up- "This check was voided for the following reason - see re -issue Check No. iii) Re -write — "This is a re -issue of Check No, which was voided for the following reason ." 162 STALE DATED CHECKS DUE TO VENDOR WARRANT WARRANT VENDOR NAME DESCRIPTION DATE NO. AMOUNT ACCOUNT # 5/4/2021 6/1/2021 6/1/2021 6/2/2021 7/6/2021 7/20/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 8/17/2021 9/7/2021 9/7/2021 9/7/2021 9/7/2021 1/18/2022 4/19/2022 4/19/2022 6/21/2022 6/21/2022 6/21/2022 6/21/2022 6/21/2022 6/21/2022 201566 201790 201857 201873 202085 202239 202433 202445 202447 202458 202460 202461 202465 202467 202469 202471 202472 202475 202485 202486 202487 202517 202525 202527 202531 202613 202672 202725 202729 203641 204431 204436 204842 204846 204854 204861 204923 204958 KATIE LUTZ REFUND -PARKING CITATION NORMA DICKENS REFUND -PARKING CITATION KEVIN TINOCO REFUND -PARKING CITATION NATALIE GONZALEZ CANCELLED BATEMAN HALL RENTAL CARLOS LOPEZ REFUND -LIVE SCAN JUAN SANDOVAL REFUND -LIVE SCAN PATRICIA ALVAREZ WEIGHT LOSS CANCELLED SILVIA CUEVAS WEIGHT LOSS CANCELLED EMY DAVILA PROGRAM CANCELLED VADA HILL CANCELLED BATEMAN HALL RENTAL DANIEL HUESCA PROGRAM CANCELLED ZULAMIA HUGHEY CANCELLED BATEMAN HALL RENTAL DIANA MARTINEZ PROGRAM CANCELLED DEMARQUIS MCGUIRE PROGRAM CANCELLED JESUS MELGOZA PROGRAM CANCELLED CALUSIA MONTES DE OCA PROGRAM CANCELLED ERICA MORALES PROGRAM CANCELLED DAVID NEIMEYER PROGRAM CANCELLED ALEX SILVA WEIGHT LOSS CANCELLED MARBELLA SOSA PROGRAM CANCELLED LESHEL SPRINGS CANCELLED BATEMAN HALL RENTAL LUIS GODOY REFUND -PARKING CITATION VERONICA MEJIA REFUND -PARKING CITATION BRIANA MURILLO REFUND -PARKING CITATION MANUELA SANCHEZ REFUND -PARKING CITATION ALEXIS ALATORRE REFUND -LIVE SCAN JUAN RAMOS REFUND -LIVE SCAN ALFREDO CORTEZ UB REFUND ACCT-CLSD DERICK JUNG UB REFUND ACCT-CLSD EFFIE ALAILEFALEULA WIGHT LOSS CANCELLED EHUDI, LLC RECREATIONAL CLASS GULLERMINA OLEA CANCELLED BATEMAN HALL RENTAL NARIA JANNETT BENNETT REFUND -PARKING CITATION TIMOTHY LEO CAKOUROS REFUND -PARKING CITATION JUAN GALINDO CARRERA REFUND -PARKING CITATION GRAHAM TERESA COLEMAN REFUND -PARKING CITATION KEMANIE PATTERSON REFUND -PARKING CITATION JAMES MARIE WALTA REFUND -PARKING CITATION TOTAL 68.78 77.10 94.00 346.00 20.00 20.00 25.00 30.00 52.50 30.00 31.25 30.00 18.75 15.00 21.88 31.25 15.00 100.00 27.00 35.00 100.00 69.00 48.76 124.00 69.00 20.00 20.00 99.00 60.00 25.00 160.00 800.00 38.00 25.00 69.00 69.00 55.00 69.00 3,008.27 1011.20155 1011.51.34110 1011.51.34110 1011.60.33215 1011.35.335.64399 1011.35.335.64399 1011.60.33186 1011.60.33186 1011.60.33220 1011.60.33215 1011.60.33220 1011.60.33215 1011.60.33220 1011.60.33220 1011.60.33220 1011.60.33220 1011.60.33220 1011.60.33215 1011.60.33186 1011.60.33186 1011.60.33215 1011.51.34110 1011.51.34110 1011.51.34110 1011.20155 1011.35.335.64399 1011.35.335.64399 6051.20103 6051.20103 1011.60.33186 1011.60.715.62015 1011.60.33215 1011.51.34110 1011.51.34150 1011.51.34110 1011.51.34110 1011.51.34110 1011.51.34125 163 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, APPROVING THE PUBLICATION OF NOTICE OF STALE DATED CHECKS, AND TRANSFER OF UNCLAIMED FUNDS TO THE MISCELLANEOUS REVENUE ACCOUNT WHEREAS, the City wishes to adhere to established policies and procedures pursuant to the administration, possession and transfer of unclaimed funds; and WHEREAS, the City shall follow Government Code sections 50050 et seq. to notify all interested persons of the existence of the unclaimed funds, where required, follow the procedures for such notices, return of the funds where appropriate verification is provided, or transfer unclaimed funds to the City's miscellaneous revenue account; and WHEREAS, the Department of Finance & Administration shall review the nature and duration of these stale dated checks on an annual basis. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution. Section 2. The City Council hereby authorizes the City's Finance & Administration Department to publish notice of stale dated checks consistent with the procedures under Government Code sections 50050 et seq., designates the Finance & Administration Department as responsible for administering these stale dated checks, and directs the transfer of the unclaimed stale dated checks to the miscellaneous revenue account. Section 3. The City Council of the City of Lynwood hereby authorizes the City Manager or his designee to implement all financial transactions as approved in this resolution. Section 4. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 5. This Resolution shall take full force and effect immediately upon adoption by the City Council. Section 6. The City Clerk shall certify as to the adoption of this City Council Resolution. PASSED, APPROVED AND ADOPTED THIS 7t" day of November, 2023. 164 Oscar Flores, Mayor ATTEST: Maria Quinonez, Ernie Hernandez, City Clerk City Manager APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Harry Wong, Director of Finance and Administration 2 165 Agenda Item # 10.3. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Maria Quinonez, City Clerk Nancy Blinzler, Office Assistant SUBJECT: PREVIOUS MEETING MINUTES Recommendation: Staff recommends that the Lynwood City Council approve the following meeting minutes: • June 06, 2023 Regular Meeting • June 20, 2023 Regular Meeting Background: N/A Discussion and Analysis: N/A Fiscal Impact: N/A Coordinated With: N/A ATTACHMENTS: Description a CC - 06.06.23 - CITY COUNCIL REG. MTG. MINUTES - SUBMITTED 11.07.23 - nb.rtf a CC - 06.20.23 - CITY COUNCIL REG. MTG. MINUTES - SUBMITTED 11.07.23 - nb.rtf City Council City Council Regular Meeting 166 Lynwood City Council Regular Meeting and Special Meeting Held Concurrently June 6, 2023 Action Minutes 01. CALL TO ORDER The City Council Regular Meeting and Special Meeting of the City of Lynwood met concurrently in the Council Chambers, 11350 Bullis Road 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 on the above date at 6:00 p.m. An audio recording of these meetings is available on the City's Web Portal: Audio (laserfiche.com). Meeting called to order at 6:00 p.m. Mayor Flores presiding. 02. CERTIFICATION OF AGENDA POSTING BY CITY CLERK City Clerk Quinonez, announced the Agenda had been duly posted in accordance with the Brown Act. 03. ROLL CALL OF COUNCIL MEMBERS PRESENT: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES ABSENT: NONE STAFF PRESENT: City Manager Hernandez, City Attorney Tapia, City Treasurer Cuellar and City Clerk Quinonez 04. PLEDGE OF ALLEGIANCE The Pledge of Allegiance was led by the Lynwood Sheriff's Explorers. 05. INVOCATION The invocation was offered by City Clerk Quinonez. 06. PRESENTATIONS/PROCLAMATIONS • Update on Law Enforcement Issues by Sherriff Captain. • Proclamations for Pride Month and Juneteenth. 07. COUNCIL RECESS TO: Lynwood Housing Authority MOTION: It was moved by Mayor Pro Tem Soto, seconded by Council Member Camacho to recess to the Lynwood Housing Authority at 6:58 p.m. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE 1 167 City Council reconvened to the regular and special concurrent City Council meetings at 6:58 p.m. NON -AGENDA PUBLIC ORAL COMMUNICATIONS The following individual(s) addressed City Council: Wanda Miller and Lisa Burley discussed street conditions Lander Sims 4546 Arlington Avenue expressed various concerns Mr. Medal provided written communication on policing alternatives and rent hikes Mr. Bravo discussed train track issues, trash dumping, parking problems, and quality of life concerns Lucinda Guerrero, Ms. Tasha and Ms. Candy discussed homeless people's difficulties PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NONE Public Hearing MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to open the public hearing. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to close the public hearing. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho for a two (2) minute recess at 7:01 p.m. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES 2 168 NOES: NONE ABSTAIN: NONE ABSENT: NONE City Council reconvened to the regular and special concurrent City Council meetings at 7:04 P. m 06.1. FISCAL YEAR 2023-2024 ANNUAL ACTION PLAN MOTION: It was moved by Council Member Munoz -Guevara, seconded by Council Member Solache to approve Public Hearing Agenda Item 06.1. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted CITY OF LYNWOOD ANNUAL ACTION PLAN FOR THE FISCAL YEAR PERIOD OF JULY 1, 2023 THROUGH JUNE 30, 2024 Consent Calendar Council Member Munoz -Guevara requested Agenda Item Number 08.2 and 08.4 for separate consideration. MOTION: It was moved by Council Member Camacho, seconded by Council Member Solache to approve the balance of the consent calendar. Motion carried by unanimous consent. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE 08.1. APPROVAL OF THE WARRANT REGISTER Approved and Adopted RESOLUTION NO. 2023.052 ENTITLED: A RESOLUTION OF THE CITY OF LYNWOOD ALLOWING AND APPROVING THE DEMANDS AND WARRANT REGISTER DATED JUNE 6, 2023. 08.2. PURCHASE OF REPLACEMENT EQUIPMENT MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to approve the item. Motion carried by 5/0 vote. 3 169 ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.053 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING STAFF TO PURCHASE TWO BACKHOES AND ONE TRACTOR FOR THE TOTAL OF $413,494.97 FOR THE PUBLIC WORKS STREET, GROUNDS AND WATER DIVISIONS 08.3. VALVE MAINTENANCE TRUCK EQUIPMENT UPGRADES Approved and Adopted RESOLUTION NO. 2023.054 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PURCHASE AND INSTALLATION OF HARDWARE AND SOFTWARE COMPONENTS FOR THE VALVE MAINTENANCE TRUCK FOR $155,949.67 AND AUTHORIZING THE MAYOR TO EXECUTE THE PURCHASE AGREEMENT 08.4. ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2023-2024 FUNDED BY SENATE BILL 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017 MOTION: It was moved by Council Member Munoz -Guevara, seconded by Council Member Solache to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.055 ENTITLED: A RESOLUTION ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2023- 2024 FUNDED BY SENATE BILL 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017 New/Old Business 09.1. APPROVAL OF A UTILITY ASSISTANCE PROGRAM AND ARPA APPROPRIATION FOR PROGRAM IMPLEMENTATION FOR FISCAL YEAR 2023-2024 MOTION: It was moved by Council Member Camacho, seconded by Council Member Solache to approve the item. Motion carried by 5/0 vote. 4 170 ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE ROLL CALL: Approved and Adopted With Noted Amendments RESOLUTION NO. 2023.056 ENTITLED: A RESOLUTION OF CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING A UTILITY ASSISTANCE PROGRAM AND THE APPROPRIATION OF $500,000 IN ARPA FUNDING FOR PROGRAM IMPLEMENTATION 09.2. AWARD OF CONTRACT TO MOTOROLA SOLUTIONS, INC. FOR THE PURCHASE AND INSTALLATION OF 20 AUTOMATED LICENSE PLATE READER CAMERAS AT STRATEGIC LOCATIONS THROUGHOUT THE CITY MOTION: It was moved by Council Member Solache, seconded by Mayor Pro Tem Soto to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.057 AND AGREEMENT AMENDMENTS WITH MOTOROLA SOLUTIONS, INC. ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING A CONTRACT TO MOTOROLA SOLUTIONS, INC. IN THE AMOUNT OF $144,417.50 FOR THE PURCHASE AND INSTALLATION OF TWENTY (20) MOTOROLA AUTOMATED LICENSE PLATE READER CAMERAS; AUTHORIZING THE CITY MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT; AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT APPROVED AS TO FORM BY THE CITY ATTORNEY 09.3. APPROVAL AND AWARD OF CONTRACT TO EDGEWORTH SECURITY FOR THE PURCHASE AND INSTALLATION OF 26 VERKADA MULTI -SENSOR DOME CAMERAS AND WIRELESS NETWORK INFRASTRUCTURE MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES 5 171 NOES: ABSTAIN: ABSENT: NONE NONE NONE Approved and Adopted RESOLUTION NO. 2023.058 AND AWARD OF CONTRACT TO EDGEWORTH SECURITY ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING A CONTRACT TO EDGEWORTH SECURITY AS THE LOWEST RESPONSIBLE BIDDER, IN THE AMOUNT OF $344,536.42 FOR THE PURCHASE AND INSTALLATION OF 26 VERKADA MULTI -SENSOR DOME CAMERAS AND WIRELESS NETWORK INFRASTRUCTURE; AUTHORIZING THE CITY MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT; AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT APPROVED AS TO FORM BY THE CITY ATTORNEY 09.4. PROPOSITION 218 PUBLIC HEARING REQUIREMENTS MOTION: It was moved by Council Member Camacho, seconded by Council Member Solache to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: NOES: ABSTAIN: ABSENT: Received and Filed COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NONE NONE NONE PROPOSITION 218 PUBLIC HEARING REQUIREMENTS AND FINDINGS; AND AUTHORIZE CITY STAFF TO RELEASE THE PUBLIC NOTICE PER REGULATIONS FOR THE WATER AND SEWER RATE STUDY RECOMMENDATIONS ON JUNE 08, 2023 09.5. INTENT TO LEVY PARKING AND BUSINESS IMPROVEMENT DISTRICT (PBID) ANNUAL ASSESSMENT AND APPROVE THE PBID ANNUAL SPENDING PLAN FOR FISCAL YEAR 2023-24 AND 2024-25 MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: NOES: ABSTAIN: ABSENT: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NONE NONE NONE SECOND MOTION TO SET TIME AND DATE OF PUBLIC HEARING: It was moved by Council Member Munoz -Guevara, seconded by Mayor Pro Tem Soto approve Public Hearing date as June 20, 2023. Motion carried by 5/0 vote. 6 172 ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.059 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA APPROVING THE PARKING AND BUSINESS IMPROVEMENT DISTRICT (PBID) ADVISORY BOARD'S RECOMMENDATION OF SETTING THE ASSESSMENT AGAINST BUSINESS ENTERPRISES IN THE PBID FOR FISCAL YEARS 2023-24 AND 2023-24, AND FIXING THE TIME AND PLACE OF A PUBLIC HEARING FOR THE LEVY OF THE ASESSMENT 09.6. SECOND AMENDMENT TO THE NORTH STAR LAND CARE AGREEMENT FOR TREE TRIMMING AND TEMPORARY LANDSCAPING SERVICES AND APPROPRIATION OF FUNDS MOTION: It was moved by Mayor Pro Tem Soto, seconded by Council Member Camacho to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.060 AND SECOND AMENDMENT TO THE AGREEMENT WITH NORTH STAR LAND CARE ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING A SECOND AMENDMENT TO THE AGREEMENT WITH NORTH STAR LAND CARE INCREASING THE ANNUAL NOT -TO -EXCEED COMPENSATION BY $140,000 AND APPROPRIATING SAID AMOUNTS TO THE FY2022/2023 AND FY2023/24 BUDGETS FROM LYNWOOD RECOVERY PLAN MONIES TO THE TREE MAINTENANCE DIVISION FOR CONTINUED TREE TRIMMING AND TEMPORARY SUPPLEMENTAL STREET MEDIAN AND GENERAL LANDSCAPING. ADJOURNMENT It was moved by Council Member Munoz -Guevara, seconded by Council Member Solache to adjourn the Regular Meeting and Special Meeting in memory of Rodolfo Figueroa at 9:09 p.m. Maria Quinonez, City Clerk Oscar Flores, Mayor 7 173 Lynwood City Council Regular Meeting June 20, 2023 Action Minutes 01. CALL TO ORDER The City Council Regular Meeting of the City of Lynwood met in the Council Chambers, 11350 Bullis Road 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 on the above date at 6:00 p.m. An audio recording of this meeting is available on the City's Web Portal: Audio (laserfiche.com). Meeting called to order at 6:01 p.m. Mayor Flores presiding. 02. CERTIFICATION OF AGENDA POSTING BY CITY CLERK City Clerk Quinonez, announced the Agenda had been duly posted in accordance with the Brown Act. 03. ROLL CALL OF COUNCIL MEMBERS PRESENT: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES ABSENT: NONE STAFF City Manager Hernandez, City Attorney Tapia, City Treasurer Cuellar, PRESENT: City Clerk Quinonez 04. PLEDGE OF ALLEGIANCE The Pledge of Allegiance was led by the Lynwood Sheriff's Explorers presenting the Colors along with Raya Anderson and Enrique Anderson leading the Pledge. 05. INVOCATION The invocation was offered by Pastor Nisan Stewart from the Greater Emanuel Temple Church. 06. PRESENTATIONS/PROCLAMATIONS • Update on Law Enforcement Issues by Sheriff Department Captain. • City Council Members Reporting on Meetings Attended (Gov. Code Section 53232.3 (D)). 07. COUNCIL RECESS TO: City of Lynwood as the Successor Agency to the Lynwood Redevelopment Agency MOTION: It was moved by Council Member Camacho, seconded by Council Member Solache to recess concurrently to the City of Lynwood as the Successor Agency to the Lynwood Redevelopment Agency and City Council Regular Meeting at 6:53 p.m. Motion carried by 5/0 vote. 1 174 ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Lynwood Housing Authority MOTION: It was moved by Commissioner Solache, seconded by Vice Chair Soto to recess to the Lynwood Housing Authority at 6:27 p.m. Motion carried by 5/0 vote. ROLL CALL: AYES: COMMISSIONERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, VICE CHAIR SOTO AND CHAIR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Lynwood Utility Authority MOTION: It was moved by Member Solache, seconded by Member Camacho to recess to the Lynwood Utility Authority Agency at 6:29 p.m. Motion carried by 5/0 vote. ROLL CALL: AYES: MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, VIC PRESIDENT SOTO AND PRESIDENT FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE The City Council reconvened to the regular City Council meeting at 6:54 p.m. PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NONE NON -AGENDA PUBLIC WRITTEN AND ORAL COMMUNICATIONS The following individual(s) addressed City Council: Mr. Medal provided written communication on policing alternatives and rent hikes. Ms. Lauren Kim spoke regarding Lynwood Broadband Feasibility Study. Ms. Nakia Brazier spoke regarding Los Angeles Homeless Services. Ms. Lucinda Guerrero spoke about homeless issue affecting Lynwood quality of life. Several residents spoke about the homeless people are destroying their neighborhood, violating their safety and security and are dangerous armed individuals. They expressed the distress they experience of this complex issue, which requires compassion and understanding. 2 175 Public Hearing MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to open the public hearing. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE MOTION: It was moved by Council Member Solache, seconded by Mayor Pro Tem Soto to close the public hearing. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE City of Lynwood as the Successor Agency to the Lynwood Redevelopment Agency Agenda Item Number 04.1 was considered concurrently with City Council Regular Meeting Agenda Item Number 08.1. PUBLIC ORAL COMMUNICATIONS (Regarding Public Hearing Citywide Budget Agenda Item Only) City Clerk Quinonez spoke regarding Citywide Budget adding new positions as resources for departments and noted there has been a three (3) year vacancy of the deputy city clerk position as well as the city clerk technician position that was approved in 2018 that have not been filled. She expressed that it is offensive to add new positions to the budget when the clerk's office is struggling to meet State mandates and do not have appropriate staff to take care of the business. She implored Council to please correct the situation. Recreation Facility Program Supervisor Diana Romero spoke regarding reclassifications resulting from COVID, financial crisis and major layoffs employees faced and seeing all these reclassifications is a little upsetting for our current employees such as myself. I went through the whole reclassification laid off initially and then reclassified. Now, bringing back positions that are decent in terms of salary range so those people that apply will have an awesome career here, but what about those who were reclassified and had changes happen to their salary schedule. So three years later, 3.5 years later, nothing has changed. 3 176 08.1. ADOPTION OF THE FISCAL YEAR 2023-25 BIENNIAL CITYWIDE BUDGET MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to approve concurrently Successor Agency Agenda Item 04.1 and City Council Agenda Item 08.1 as amended. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.061; RESOLUTION NO. 2023.062 AND RESOLUTION NO. 2023.063 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ADOPTING THE FISCAL YEAR 2023-25 BIENNIAL CITYWIDE BUDGET; A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PROPOSED FEE REVISIONS AND ADOPTING THE FISCAL YEAR 2023-25 MASTER FEE SCHEDULE; A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2023-24 PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION MOTION: It was moved by Mayor Pro Tem Soto, seconded by Council Member Camacho to open the public hearing for agenda item 08.2. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE MOTION: It was moved by Council Member Solache, seconded by Mayor Pro Tem Soto to close the public hearing for agenda item 08.2. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUIVOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE 08.2. PUBLIC HEARING TO ADOPT LEVY ON THE PARKING AND BUSINESS IMPROVEMENT DISTRICT (PBID) ANNUAL ASSESSMENT FOR FISCAL YEAR 2023-24 AND 2024-25 4 177 MOTION: It was moved by Council Member Solache, seconded by Mayor Pro Tem Soto to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.064 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD COUNTY OF LOS ANGELES, STATE OF CALIFORNIA ADOPTING THE RESOLUTION OF THE PARKING AND BUSINESS IMPROVEMENT DISTRICT (PBID) ADVISORY BOARD SETTING THE ASSESSMENT AGAINST BUSINESS ENTERPRISES IN THE PBID FOR THE 2023-24 AND 2024-25 FISCAL YEARS FOR THE LEVY OF THE ASSESSMENT PURSUANT TO THE APPROVED REPORT Consent Calendar Council Member Munoz -Guevara requested Agenda Item Number 09.3 and 09.4 for separate consideration. MOTION: It was moved by Council Member Solache, seconded by Mayor Pro Tem Soto to approve the balance of the consent calendar. Motion carried by unanimous consent. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE 09.1. APPROVAL OF THE WARRANT REGISTER Approved and Adopted RESOLUTION NO. 2023.065 ENTITLED: A RESOLUTION THE CITY COUNCIL OF THE CITY OF LYNWOOD ALLOWING AND APPROVING THE DEMANDS AND WARRANT REGISTER DATED JUNE 20, 2023. 09.2. ANNUAL RETIREMENT FUND TAX LEVY CERTIFICATION Approved and Adopted RESOLUTION NO. 2023.066 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD DECLARING ITS INTENTION TO ORDER THE LEVY AND COLLECTION OF TAXES FOR THE CITY'S CONTRIBUTION TO THE RETIREMENT FUND 5 178 09.3. INTENTION TO LEVY AND COLLECT DELINQUENT CHARGES IN CONNECTION WITH WATER, SANITATION, STORM DRAIN OR SEWER SYSTEM ON THE PROPERTY ROLL FOR FISCAL YEAR 2023-24 AGAINST PARCELS Tabled by City Manager Hernandez 09.4. INTENTION TO LEVY AND COLLECT DELINQUENT REFUSE CHARGES ON THE PROPERTY TAX ROLL FOR FISCAL YEAR 2023-2024 AGAINST SINGLE-FAMILY RESIDENTIAL PARCELS (UP TO THREE (3) UNITS) MOTION: It was moved by Council Member Camacho, seconded by Mayor Pro Tenn Soto to approve the item. Motion carried by 3/2 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: COUNCIL MEMBERS MUNOZ-GUEVARA AND SOLACHE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.067 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD OF ITS INTENTION TO LEVY AND COLLECT REFUSE CHARGES AGAINST SINGLE-FAMILY RESIDENTIAL PARCELS (UP TO THREE UNITS) FOR IN FISCAL YEAR 2023-2024 ON THE COUNTY TAX ROLL AND AUTHORIZING AND DIRECTING THE COUNTY ASSESSOR TO INCLUDE DELINQUENT REFUSE BILLS FROM WASTE RESOURCES, INC. (WRI) AS A SPECIAL ASSESSMENT TO BE COLLECTED AT THE SAME TIME AND IN THE SAME MANNER AS COUNTY TAXES AND FIXING THE TIME AND PLACE FOR HEARING PROTESTS AND OBJECTIONS AS JULY 18, 2023 09.5. APPROVAL OF PLANS AND SPECIFICATIONS AND AUTHORIZATION TO SOLICIT BIDS FOR THE STREET IMPROVEMENT PROJECT WRIGHT ROAD FROM FERNWOOD AVE TO DUNCAN AVE STPL-5250(034) (CIP No. 4011.67.911) Approved and Adopted RESOLUTION NO. 2023.068 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVAL OF PLANS AND SPECIFICATIONS AND AUTHORIZATION TO SOLICIT BIDS FOR THE STREET IMPROVEMENT PROJECT WRIGHT ROAD FROM FERNWOOD AVE TO DUNCAN AVE STPL-5250(034) (CIP No. 4011.67.911) New/Old Business 10.1. FY 2023-24 LYNWOOD LANDSCAPE MAINTENANCE ASSESSMENT DISTRICT APPROVING THE ENGINEER'S REPORT, DECLARING INTENTION TO LEVY AND SETTING THE DATE OF PUBLIC HEARING MOTION: It was moved by Council Member Solache, seconded by Council Member Camacho to approve the item. Motion carried by 5/0 vote. 6 179 ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.069 AND RESOLUTION NO. 2023.070 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE ENGINEER'S REPORT PREPARED PURSUANT TO CALIFORNIA STREETS AND HIGHWAYS CODE, SECTION 22565 ET SEQ., AS ORDERED BY THE CITY COUNCIL ON JUNE 20, 2023, RELATING TO THE LYNWOOD LANDSCAPE MAINTENANCE ASSESSMENT DISTRICT; A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, DECLARING ITS INTENTION TO ORDER THE LEVY AND COLLECTION OF ANNUAL ASSESSMENTS FOR FISCAL YEAR 2023-2024 WITHIN THE LYNWOOD LANDSCAPE MAINTENANCE ASSESSMENT DISTRICT PURSUANT TO THE LANDSCAPING AND LIGHTING ACT OF 1972 (COMMENCING WITH STREETS AND HIGHWAYS CODE SECTION 22500 ET SEQ.) AND FIXING THE TIME AND PLACE FOR HEARING PROTESTS AND OBJECTIONS AS JULY 18, 2023 10.2. FY 2023-24 LYNWOOD LIGHTING ASSESSMENT DISTRICT APPROVING THE ENGINEER'S REPORT, DECLARING INTENTION TO LEVY, AND SETTING THE DATE OF THE PUBLIC HEARING MOTION: It was moved by Council Member Camacho, seconded by Mayor Pro Tem Soto to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.071 AND RESOLUTION NO. 2023.072 ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE ENGINEER'S REPORT PREPARED PURSUANT TO CALIFORNIA STREETS AND HIGHWAYS CODE, SECTION 22565 ET SEQ., AS ORDERED BY THE CITY COUNCIL ON JUNE 20, 2023, RELATING TO THE LYNWOOD LIGHTING ASSESSMENT DISTRICT; A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD DECLARING ITS INTENTION TO ORDER THE LEVY AND COLLECTION OF ANNUAL ASSESSMENTS FOR FISCAL YEAR 2023-2024 WITHIN THE LYNWOOD LIGHTING ASSESSMENT DISTRICT PURSUANT TO THE LANDSCAPING AND LIGHTING ACT OF 1972 (COMMENCING WITH STREETS AND HIGHWAYS CODE SECTION 22500 ET SEQ.) AND FIXING THE TIME AND PLACE FOR HEARING PROTESTS AND OBJECTIONS AS JULY 18, 2023 7 180 10.3. AWARD OF CONTRACT TO DBX, INC. FOR THE TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND RUTH AVENUE FY 2023-24 PROJECT NO. 4011.68.115 MOTION: It was moved by Council Member Camacho, seconded by Mayor Pro Tem Soto to approve the item. Motion carried by 5/0 vote. ROLL CALL: AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE, MAYOR PRO TEM SOTO AND MAYOR FLORES NOES: NONE ABSTAIN: NONE ABSENT: NONE Approved and Adopted RESOLUTION NO. 2023.073 AND A CONTRACT WITH DBX, INC., FOR TRAFFICE SIGNAL IMPROVEMENTS ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARD OF CONTRACT TO DBX, INC. FOR THE TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND RUTH AVENUE FY 2023-2024 PROJECT NO. 4011.68.115; AUTHORIZING THE CITY MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT ADJOURNMENT At 8:56 p.m., it was moved by Council Member Solache, seconded by Mayor Pro Tem Soto to adjourn the Regular Lynwood City Council Meeting. Maria Quirionez, City Clerk Oscar Flores, Mayor /nb 8 181 Agenda Item # 10.4. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Maria Quinonez, City Clerk Nancy Blinzler, Office Assistant SUBJECT: CITY CLERK'S QUARTERLY REPORT Recommendation: It is recommended that Lynwood City Council receive and file the attached informational quarterly report. The information provided in this report highlights a summary of agenda items presented to the City Council for consideration during the fiscal quarter ending September 30, 2023. Background: City Clerk's staff has developed a database to assist the tracking process involving all ordinances, resolutions, agreements/contracts and action meeting minutes of City Council meetings and other agency meetings. Discussion and Analysis: Informational Fiscal Impact: Coordinated With: N/A ATTACHMENTS: Description D First Quarter 2023 Clerk's Qtrly Council Actions Report.pdf City Council City Council Regular Meeting 182 City Council City Council Regular Meeting 183 City of City Clerk's Quarterly Report LYNWO OD City Council Actions City Clerk's Office - Access Database C(11 JUrniN 07/01/2023 - 09/30/2023 11.17•.17 AM Wednesday, November 1, 2023 Meeting Date Agenda Document Document Assigned Name Action Status Resolution and Agreement or Contract 8/15/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING A CONTRACT TO 5011 PW BRIGHTVIEW LANDSCAPE DEVELOPMENT FOR DESIGN BUILD SERVICES FOR THE LYNWOOD 10.2 REC PARK - MEGA PLAYGROUND PHASE 1 PROJECT; AUTHORIZING THE CITY MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT City Council Regular Meeting N/A Continued to Next Meeting New/Old Business 9/5/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN AMENDMENT 5029 PW TO THE JOINT POWERS AGREEMENT WITH THE LOS ANGELES REGIONAL AGENCY 07.7 City Council Regular Meeting AN AMENDED AND RESTATED JOINT POWERS AGREEMENT ESTABLISHING THE LOS ANGELES AREA INTERGRATED WASTE MANAGEMENT AUTHORITY RESOLUTION NO. 2023.104 AND AN AMENDMENT TO THE JOINT POWERS AGREEMENT WITH THE LOS ANGELES REGIONAL AGENCY Approved and Adopted Consent Calendar Total 2 Resolution 7/18/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING AND 4968 FIN DIRECTING THE COUNTY ASSESSOR TO LEVY AND COLLECT DELINQUENT REFUSE BILLS AGAINST 08.1 SINGLE FAMILY RESIDENTIAL PARCELS (UP TO THREE UNITS) FOR FISCAL YEAR 2023-2024 ON THE COUNTY TAX ROLL AND DIRECTING THE COUNTY ASSESSOR TO INCLUDE RESIDENTIAL REFUSE BILLS FROM WASTE RESOURCES, INC. (WRI) AS A SPECIAL ASSESSMENT TO BE COLLECTED AT THE SAME TIME AND IN THE SAME MANNER AS COUNTY TAXES FOR FISCAL YEAR 2023-2024 City Council Regular Meeting RESOLUTION NO. 2023.074 Approved and Adopted Public Hearing 7/18/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ORDERING THE LEVY OF 4969 PW ANNUAL ASSESSMENTS FOR THE EXISTING LYNWOOD LANDSCAPE MAINTENANCE ASSESSMENT DISTRICT FOR FISCAL YEAR 2023-2024 08.2 City Council Regular Meeting RESOLUTION NO. 2023.075 Approved and Adopted Public Hearing 7/18/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ORDERING THE LEVY OF 4970 PW ANNUAL ASSESSMENTS FOR THE EXISTING LYNWOOD LIGHTING ASSESSMENT DISTRICT FOR FISCAL YEAR 2023-2024 08.3 City Council Regular Meeting RESOLUTION NO. 2023.076 Approved and Adopted Public Hearing 7/18/2023 A RESOLUTION OF THE CITY OF LYNWOOD ALLOWING AND APPROVING THE DEMANDS AND WARRANTS REGISTER DATED JULY 18, 2023 for FY 2023-2024. 4971 FIN 09.1 City Council Regular Meeting RESOLUTION NO. 2023.077 Approved and Adopted Consent Calendar Wednesday, November 1, 2023 Page 1 of 6 11:42:47 A 184 Meeting Date Agenda Document Document Assigned Name Action Status 7/18/2023 A RESOLUTION TO APPROVE SPECIAL EVENT PERMITS — FOR PLAZA MEXICO 2023 RESOLUTION NO. 2023.079 Approved and Adopted 4980 CD 09.5 City Council Regular Meeting Consent Calendar 7/18/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PLANS AND 4981 PW SPECIFICATIONS AND AUTHORIZING THE SOLICITATION OF BIDS FOR THE WATER MAIN 09.6 REPLACEMENT PROJECT FY 23-24 (PROJECT NO. 4011.68.134) City Council Regular Meeting RESOLUTION NO. 2023.080 Approved and Adopted Consent Calendar 7/18/2023 1. A Resolution granting a retail cannabis business license to Catalyst Lynwood LLC. 4983 CD 2. A Resolution granting a retail cannabis business license to RD Lynwood Retail LLC. 10.1 3. A Resolution granting a retail cannabis business license to Shryne Lynwood LLC. (Stizzy) City Council Regular Meeting RESOLUTION NO. 2023.082, Approved and Adopted RESOLUTION NO. 2023.083 AND RESOLUTION NO. 2023.084 New/Old Business 7/18/2023 A RESOLUTION OF THE CITY AS SUCCESSOR AGENCY TO THE LYNWOOD REDEVELOPMENT 4967 FIN AGENCY APPROVING THE DEMANDS AND WARRANTS REGISTER DATED JULY 18, 2023 FOR FY 2022-2023 04.1 City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency Meeting RESOLUTION NO. 2023.006 Approved and Adopted Consent Calendar 7/18/2023 A RESOLUTION OF THE LYNWOOD HOUSING AUTHORITY OF THE CITY OF LYNWOOD ALLOWING AND APPROVING THE DEMANDS AND WARRANTS REGISTER DATED JULY 18, 2023 4966 FIN 04.1 Lynwood Housing Authority Meeting RESOLUTION NO. 2023.011 Approved and Adopted Consent Calendar 8/15/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING WATER AND 5001 PW SEWER RATES AND RELATED FEES FOR THE CITY OF LYNWOOD FOR FISCAL YEAR 2023-2024 08.1 THROUGH FISCAL YEAR 2027-2028 AS ORDERED BY THE CITY COUNCIL ON AUGUST 15, 2023 City Council Regular Meeting N/A Continued to November 6, 2023 Meeting Public Hearing 8/15/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE N/A Not Approved 5010 CM APPROPRIATION OF $45,000 IN ARPA FUNDING TO PURCHASE SAFETY EQUIPMENT AND LESS LETHAL WEAPONS FOR THE LOS ANGELES COUNTY SHERIFF'S DEPARTMENT CENTURY STATION 10.1 City Council Regular Meeting New/Old Business 8/15/2023 A RESOLUTION OF THE CITY OF LYNWOOD ALLOWING AND APPROVING THE DEMANDS AND WARRANTS REGISTER DATED AUGUST 18, 2023 for FY 2023-2024. 5002 FIN 09.1 City Council Regular Meeting RESOLUTION NO. 2023.087 Approved and Adopted Consent Calendar 8/15/2023 A RESOLUTION OF THE CITY COUNCIL AND THE CITY OF LYNWOOD AUTHORIZING AN 5003 HR AMENDMENT TO THE FISCAL YEAR 2023/24 ADOPTED BUDGET FOR THE UPGRADE OF A FULL - 09.2 TIME MAINTENANCE LEAD WORKER TO A FULL-TIME PUBLIC WORKS OPERATIONS SUPERVISOR POSITION City Council Regular Meeting RESOLUTION NO. 2023.088 Approved and Adopted Consent Calendar Wednesday, November 1, 2023 Page 2 of 6 11.42:47 Al 185 Meeting Date Agenda Document Document Assigned Name Action Status 8/15/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PUBLIC 5004 PW WORKS VENDOR PROCUREMENT LIST AND VENDOR CONTRACTS, WITH INDIVIDUAL EXPENDITURE LIMITS 09.3 City Council Regular Meeting RESOLUTION NO. 2023.089 Approved and Adopted Consent Calendar 8/15/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, REJECTING ALL PROPOSALS 5005 PW FOR THE LYNWOOD PARK TENNIS AND STORAGE FACILITY (CIP PROJECT NO. 4011.68.121 & 09.4 4011.68.129) City Council Regular Meeting RESOLUTION NO. 2023.090 Approved and Adopted Consent Calendar 8/15/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE PLANS AND RESOLUTION NO. 2023.095 Approved and Adopted 5012 PW SPECIFICATIONS AND AUTHORIZING THE SOLICITATION OF BIDS FOR CIP PRIORITY 2 STREET 10.3 IMPROVEMENT PROJECT PHASE 2B (CIP 4011.68.123) City Council Regular Meeting New/Old Business 8/15/2023 A RESOLUTION OF THE CITY AS SUCCESSOR AGENCY TO THE LYNWOOD REDEVELOPMENT 4999 FIN AGENCY APPROVING THE DEMANDS AND WARRANTS REGISTER DATED AUGUST 15, 2023 FOR FY 2022-2023 04.1 City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency Meeting RESOLUTION NO. 2023.007 Approved and Adopted Consent Calendar 8/15/2023 A RESOLUTION OF THE LYNWOOD HOUSING AUTHORITY OF THE CITY OF LYNWOOD ALLOWING 4998 FIN AND APPROVING THE DEMANDS AND WARRANTS REGISTER DATED AUGUST 15, 2023 for FY 2023-2024 04.1 Lynwood Housing Authority Meeting RESOLUTION NO. 2023.012 Approved and Adopted Consent Calendar 9/5/2023 A RESOLUTION OF THE CITY COUNCIL OF CITY OF LYNWOOD ALLOWING AND APPROVING THE 5023 FIN DEMANDS AND WARRANTS REGISTER DATED SEPTEMBER 5, 2023 for FY 2023-2024. 07.1 City Council Regular Meeting RESOLUTION NO. 2023.098 Approved and Adopted Consent Calendar 9/5/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING RESIDENTIAL PERMIT PARKING DISTRICT LYNWOOD RPPD — 4500, 4600, 4700 BLOCK OF ARLINGTON AVENUE 5024 CD 07.2 City Council Regular Meeting RESOLUTION NO. 2023.099 Approved and Adopted Consent Calendar 9/5/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ACCEPTING THE SLURRY SEAL 5027 PW PHASE 2 FY 2022-2023 PROJECT (CIP 4011.68.125) AS COMPLETE; AUTHORIZING THE FILING OF 07.5 THE NOTICE OF COMPLETION WITH THE LOS ANGELES COUNTY RECORDER'S OFFICE AND THE RELEASE OF THE 5% RETENTION 35 DAYS AFTER THE ACCEPTANCE. City Council Regular Meeting RESOLUTION NO. 2023.102 Approved and Adopted Consent Calendar 9/5/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING A REQUEST FOR 5028 PW FUNDING FOR THE BURKE HAM PARK PLAYGROUND FOR PROJECT CLOSEOUT AND ACCEPTING 07.6 THE PROJECT AS COMPLETE; AUTHORIZING THE FILING OF THE NOTICE OF COMPLETION WITH THE LOS ANGELES COUNTY RECORDER'S OFFICE AND THE RELEASE OF THE 5% RETENTION 35 DAYS AFTER THE ACCEPTANCE City Council Regular Meeting RESOLUTION NO. 2023.103 Approved and Adopted Consent Calendar Wednesday, November 1, 2023 Page 3 of 6 11.42:47 Al 186 Meeting Date Agenda Document Document Assigned Name Action Status 9/5/2023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, 5032 PW STATE OF CALIFORNIA, APPROVING THE CITY OF LYNWOOD'S EMERGENCY MANAGEMENT 08.3 PROGRAM ASSESSMENT AND IMPLEMENTATION PLAN City Council Regular Meeting RESOLUTION NO. 2023.107 Approved and Adopted New/Old Business 9/19/2023 A RESOLUTION OF THE CITY OF LYNWOOD ALLOWING AND APPROVING THE DEMANDS AND WARRANTS REGISTER DATED SEPTEMBER 19, 2023 FY 23-24 5046 FIN 09.1 City Council Regular Meeting RESOLUTION NO. 2023.110 Approved and Adopted Consent Calendar Total 24 Report 9/19/2023 TREASURER'S QUARTERLY REPORT 5047 CT 09.2 City Council Regular Meeting TREASURER'S QUARTERLY REPORT Received and Filed Consent Calendar 9/19/2023 TREASURER'S QUARTERLY REPORT 5053 CT 04.1 City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency Meeting TREASURER'S QUARTERLY REPORT Received and Filed Consent Calendar 9/19/2023 TREASURER'S QUARTERLY REPORT 5054 CT 04.1 Lynwood Public Financing Authority Meeting TREASURER'S QUARTERLY REPORT Received and Filed Consent Calendar Total 3 Ordinance 9/19/2023 AN ORDINANCE ESTABLISHING A 45 -DAY MORATORIUM ON THE ESTABLISHMENT, EXPANSION, INTERIM URGENCY ORDINANCE NO. Approved and Adopted 5050 CD OR MODIFICATION OF WAREHOUSES, DISTRIBUTION PLANTS, TRUCK STORAGE FACILITIES AND 1758 RELATED USES THAT ARE LOCATED WITHIN THE CITY OF LYNWOOD 10.1 City Council Regular Meeting New/Old Business Total 1 N/A 7/18/2023 REQUEST TO USE BATEMAN HALL FOR MARCUS FARR MEMORIAL SERVICES 4973 PW 09.3 City Council Regular Meeting N/A Approved Consent Calendar Wednesday, November 1, 2023 Page 4 of 6 11.42:47 Al 187 Meeting Date Agenda Document Document Assigned Name Action Status 7/18/2023 A RESOLUTION OF THE LYNWOOD CITY COUNCIL APPROVING CONTRACT AMENDMENT TO THE N/A Tabled 4974 REC AGREEMENT WITH GLOBAL URBAN STRATEGIES FOR GRANT WRITING SERVICES 09.4 City Council Regular Meeting Consent Calendar 7/18/2023 REVIEW OF BOARD, COMMISSION AND COMMITTEE MEMBERS AND ANNUAL BOARDS, 4986 CD 10.4 N/A Continued to Next COMMISSIONS AND COMMITTEES LOCAL APPOINTMENT LIST Meeting City Council Regular Meeting New/Old Business 8/15/2023 REVIEW OF BOARD, COMMISSION AND COMMITTEE MEMBERS & ANNUAL BOARDS, COMMISSIONS AND COMMITTEES LOCAL APPOINTMENT LIST 5013 CC 10.4 City Council Regular Meeting Jannette Guadalupe Garcia Appointed to CDBG Board By Council Member Camacho Approved New/Old Business Total 4 Agreement 7/1/2023 Professional Services Agreement with PetData, Inc for provide crossing guard services to City. Professional Services Agreement 4996 CD with PetData, Inc for provide crossing guard services to City. City Manager Professional Services Agreement with PetData, Inc for provide crossing guard services to City. Approved By City Manager N/A $7,500.00 7/20/2023 First Amendment to Infrastructure Engineers Professional Services Agreement for the purpose First Amendment to Infrastructure 4997 CD of retaining Consultant to complete revisions and submittal of the 2021-2029 Housing Element Engineers Professional Services Update. Agreement for the purpose of retaining Consultant to complete City Manager revisions and submittal of the 2021- 2029 Housing Element Update. First Amendment to Infrastructure Engineers Professional Services Agreement for the purpose of retaining Consultant to complete revisions and submittal of the 2021-2029 Housing Element Update. Approved By City Manager N/A $37,789.00 8/14/2023 City of Lynwood Purchase Order Terms and Conditions (Procurement of Services) to City of 5018 PW Lynwood - OPP13 Regional Used Motor Oil Recycling Program City Manager Agreement for Procurement of Services to City of Lynwood - OPP13 Regional Used Motor Oil Recycling Program with Saeshe. Agreement for Procurement of Services for City of Lynwood - OPP13 Regional Used Motor Oil Recycling Program with Saeshe Approved By City Manager N/A $13,405.00 9/12/2023 JP DESIGN STUDIO DESIGN FOR THE INDOOR NATATORIUM SERVICES Approved By City Manager N/A $49,000.00 5063 PW City Manager !P DESIGN STUDIO DESIGN FOR THE INDOOR NATATORIUM SERVICES 9/12/2023 Duthie Power Services, Generator Maintenance Repair and Integration Agreement 5062 PW City Manager Duthie Power Services, Generator Maintenance Repair and Integration Agreement Duthie Power Services, Generator Maintenance Repair and Integration Agreement Approved By City Manager N/A $25,000.00 Wednesday, November 1, 2023 Page 5 of 6 11.42:47 Al 188 Meeting Date Agenda Document Document Assigned Name Action Status 9/12/2023 FORTIS DEVELOPMENT SERVICES, INC. CHLORINE ANALYZER CALIBRATION AND CHLORINE 5064 PW PUMP REPAIRS AND REPLACEMENT FORTIS DEVELOPMENT SERVICES, INC. CHLORINE ANALYZER CALIBRATION AND CHLORINE PUMP REPAIRS AND REPLACEMENT City Manager FORTIS DEVELOPMENT SERVICES, INC. CHLORINE ANALYZER CALIBRATION AND CHLORINE PUMP REPAIRS AND REPLACEMENT Approved and Adopted N/A $30,000.00 Total 6 Total Items Considered 40 $162,694.00 Wednesday, November 1, 2023 Page 6 of 6 11:42:47 A 189 Agenda Item # 10.5. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Harry Wong, Director of Finance & Administration SUBJECT: FIRST QUARTER FINANCIAL REPORT, FISCAL YEAR 2023-24 Recommendation: Staff recommends that the City Council receive and file this report. Background: The Finance & Administration Department has prepared the attached quarterly financial status report for the City of Lynwood's General Fund. The Department's goal is to prepare a status report on a quarterly basis. Discussion and Analysis: The quarterly report provides a brief overview of the City finances as it pertains to the General Fund for quarter ending September 30, 2023. A brief explanation is included along with Revenue and Expenditures actual activity. The information is unaudited; however, the information presented does represent the cash activity for the General Fund for the periods indicated. City Council City Council Regular Meeting 190 Fiscal Impact: The action recommended in the report does not have a fiscal impact on the City; the report is solely informational. Coordinated With: City Manager's Office City Attorney ATTACHMENTS: Description a Lynwood Quarter 1 Report - Final.pdf City Council City Council Regular Meeting 191 CITY OF LYNWOOD FIRST QUARTER FINANCIAL STATUS REPORT Fiscal Year 2023-24 Quarter ending September 30, 2023 (Unaudited) This report summarizes the activities of the General Fund and is not meant to be inclusive of all finance and accounting transactions and excludes encumbrances. Its sole purpose is to provide the City Council and the general public with an overview of the City's general fiscal condition. This report covers the first quarter of FY 24 which ends September 30, 2023. GENERAL FUND BUDGET POSITION The City Council adopted the FY 2023-24 budgets on June 20th, 2023 with approved General Fund estimated revenue of $42,920,951 and expenditures of $54,564,221 with these amounts including transfers with other city funds. Adjustments to the budget have increased the expenditures to $54,765,873. GENERAL FUND REVENUES Table 1 shows the amount and percentage of revenue received in each of the major classifications for the fiscal quarter ending September 30, 2023. The first quarter results for fiscal year 2023 -24 show General Fund revenues at 7 % of the budget. The cash receipts are typical at this time of year due to the cyclical nature of when revenue receipts are received. More revenue is received in the second half of the year. In the case of Sales Tax, the majority is received later in the year, and sales tax received in July and August 2024 will be accrued to FY23 -24. Table 1 GENERAL FUND REVENUES Quarter Ending September 30, 2023 2023-24 2023-24 2023-24 YTD % of Adopted Amended Year -To -Date Amended Budget Budget Actuals Budget Revenue Type Sales Tax Property Tax Utility User Tax Other Taxes & Assessments Licenses & Permits Fines, Forfeitures, Penalties Use of Money & Property Intergovernmental Charges for Services Administrative support Miscellaneous Transfer in $ 13,742,717 13, 582, 000 5,295,000 2,503,000 901,850 886,500 836,723 71,697 1,261,200 1,118, 674 311,400 2,410,190 $ 42, 920, 951 $ 42, 920, 951 $ 3,037,879 ME $ 13,742,717 $ 948,244 13,582,000 5,295,000 1,018,282 2,503,000 33,279 901,850 150,272 886,500 277,610 836,723 145,065 71,697 130,413 1,261,200 260,734 1,118, 674 311,400 73,980 2,410,190 7% 0% 19% 1% 17% 31% 17% 182% 21% 0% 24% 0% 192 Sales tax (including Measure PS) accounts for 32.0% of total annual General Fund revenues. Revenues received through the first quarter were 7 % of the budgeted amount because the state was still paying sales tax related to the previous fiscal year in July and August. We expect to receive sales tax revenue for FY 24 until August 2024. Property taxes, including in -lieu payments, account for 31.6% of total General Fund annual revenues and are collected primarily in December/January and April/May. Through the first quarter, property tax revenues came in at 0% of the annual budget because the county was still paying property tax related to the previous fiscal year in July and August. This percentage is about what is expected at this time because major distributions do not arrive until December/January and April/May. Utility User Tax comprises 12.3% of the total annual General Fund revenues. These funds are paid to the City one month after collection. Collections of 19% have been made to date. Other taxes include Transfer tax, Franchise tax, Cannabis tax, and other small miscellaneous collections. These account for 5.8% of total General Fund annual revenues. Revenues for the first quarter were 1% of the budgeted amount. The majority of this revenue is received in the months of April, May, and June. Licenses and Permits comprises 2.1% of the total General Fund annual revenues. Revenues received through first quarter came in at 17% of the adopted budgeted amount. Charges for Services comprises 2.9% of the total General Fund annual revenues. Revenues received through first quarter came in at 21% of the adopted budgeted amount. Use of money and Property is comprised of interest earned on investments and on the sale of City properties. Revenues received through first quarter came in at 17% of the budgeted amount. 193 GENERAL FUND EXPENDITURES Table 2 highlights the amount and percentage expended by each department. As of the first quarter, the General Fund departments combined have expended 9% of the budget. Table 2 GENERAL FUND EXPENDITURES Quarter Ending September 30, 2023 2023-24 Department Expenditures Adopted Budget 2023-24 Amended Budget 2023-24 Year -To - Date Actuals YTD % of Amended Budget General Government City Council City Manager City Attorney Information Technology Human Resources City Treasurer Public Safety City Clerk Finance & Administration Community Development Public Works Community Services Successor Agency Admin Transfers Wrote! Expenditures $ 54,564,221 $ 54,765,873 $ 4,781,878 $ 388,450 1,957,802 315,690 893,025 265,655 22, 815, 812 848,225 488,759 5,618,627 3,963,524 4,746,013 309,341 11, 953, 298 $ 388,450 1,957,802 315,690 893,025 265,655 22, 815, 812 848,225 488,759 5,691,523 3,963,524 4,874,769 309,341 11, 953, 298 $ 57,218 146,756 71,211 39,804 2,553,403 61,727 62,161 608,421 398,176 714,964 68,038 15% 7% 7% 13% 11% 10% 15% 22% 0% The overall expenditures are at a level that is expected for the first quarter of the fiscal year. This is the result of vendors and contractors invoicing in the month after the work is performed. This means that salaries are current but operating expenses can be a few months behind in being invoiced to the city. Currently, it appears that the city's highest spending is in the area of public safety, which includes fire and sheriff costs. 194 Agenda Item # 10.6. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Luis Cuellar, 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 1st quarter ending September 30, 2023. Background: Due to the crises caused by the Orange County Investment Pool, the State Legislature in 1995 enacted 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 City Council City Council Regular Meeting 195 increase and when the interest rates increase, the market value of the securities will likely decrease, the City's practice is to buy and hold investments until maturity so changes in the market price do not affect the City's investment principal. Short-term excess cash is primarily invested in the Local Agency Investment Fund (LAIF) administered by the State Treasurer. LAIF is a high quality investment available in terms of safety, liquidity and yield. The City's cash and investment portfolio is sufficiently liquid to meet expected expenditures for the coming six months. The majority of property tax revenues are received from the County in December and April and a portion of the revenue received is invested in the (LAIF) and can be withdrawn at any time. The market valuation is provided by FTN Main Street Capital Advisors and all of the investments are in compliance with California Government Code Sections 53600 et seq. and the City's Investment Policy. Fiscal Impact: There is no fiscal impact Coordinated With: FTN Financial Main Street Advisors ATTACHMENTS: Description D SUMMARY REPORT - SEPT. 2023 D FHN - SUMMARY PORTFOLIO REPORT - JULY 2023.pdf D FHN - SUMMARY PORTFOLIO REPORT - AUG. 2023.pdf D FHN - SUMMARY PORTFOLIO REPORT - SEPT. 2023.pdf City Council City Council Regular Meeting 196 CITY OF LYNWOOD QUARTERLY INVESTMENT REPORT September 1, 2023 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 $ 127,133.97 $ 649.07 $ 649.07 JP Morgan Chase - Money Market Account $ 1,909,922.79 $ 9,750.98 $ 9,750.98 JP Morgan Chase - Parking Enforcement $ 6,671,355.82 $ 33,462.72 $ 33,462.72 US Bank - City of Lynwood $ 4,540.94 $ 0.12 $ 0.12 Total $ 8,712,953.52 $ 43,862.89 $ 43,862.89 Demand Deposits General Account US Bank - Economic Development US Bank - Housing Authority A US Bank - Housing Authority B US Bank - City HCDA US Bank - City Home Program US Bank - Taxable Tabs US Bank - Lyn Tr. Center Unf Wrkr US Bank - Money Market Account US Bank - US Dept. of HUD/Section 108 US Bank - RORF Successor Agency US Bank - Low Mod Housing Trst Fnd/Rogel US Bank - Lynwood Disaster Relief Fund US Bank - Settlement Remittance Fund US Bank - Housing Authority Total $ 34,388,334.50 $ 10,696.54 $ 79,424.18 $ 18,000.09 $ 150,518.11 $ 1,020,153.96 $ 2,611,325.52 $ 2,791.24 $ 49,028.48 $ 170,048.96 $ 6,097,754.85 $ 6,897,682.67 $ 5,000.00 $ 340,637.36 $ 6,376.71 $ 51,847,773.17 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. 197 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 LAIF Daily Yield 1.60% - Quarter to Date 1.28%- Average Days to Maturity 303 Issuer Quarter Ending Interest Investment Balance Interest Rate State of California LAIF $ 9,787,060.32 $ 88,255.78 30 -Sep -23 *As of October 13, 2023 0.24% 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) 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% MONEY POOLED INVESTMENT ACCOUNT MONTHLY PORTFOLIO COMPOSITION Total $178.4 billion (chart dollars in millions) 1 Agencies Chart Title ■ � Certificate of Time Commercial Corporate Loans Treasuries Deposits Deposits Paper Bonds LAIF BALANCE BY TYPE AS OF 3-31-23 Total $21.9 billion (chart dollars in millions) 1 Chart Title ■ • 54 COUNTIES 476 CITIES 1,440 SPECIAL 193 SCHOOL 166 TRUSTEES 56 BONDS DISTRICTS DISTRICTS Sept. 2023 198 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 PORTFOLIO SUMMARY INVESTMENTS PAR MARKET BOOK % OF VALUE VALUE VALUE PORTFOLIO *Money Market Funds $ 460,295.00 $ 460,295.00 $ 460,295.00 1.23% LAIF $ 9,787,060.32 $ 9,787,060.32 $ 9,787,060.32 26.26% Corporate Notes $ 3,750,000.00 $ 3,614,455.00 $ 3,736,197.68 10.02% Commercial Paper $ $ $ - 0.00% Federal Agency $ 10,440,000.00 $ 10,023,973.00 $ 10,398,657.49 27.90% Treasury Coupon Securities $ 7,500,000.00 $ 7,078,444.00 $ 7,483,804.58 20.08% CD -FDIC $ 5,413,000.00 $ 5,134,238.39 $ 5,410,227.74 14.51% TOTAL $ 37,350,355.32 $ 36,098,465.71 $ 37,276,242.81 100.00% *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) $ 127,133.97 N/A $ 649.07 JP Morgan Chase - Money Market Account $ 1,909,922.79 N/A $ 9,750.98 JP Morgan Chase - Parking Enforcement $ 6,671,355.82 N/A $ 33,462.72 US Bank - City of Lynwood $ 4,540.94 N/A $ 0.12 TOTAL $ 8,712,953.52 $ 43,862.89 Corporate Checking Accounts Balance General Account $ 34,388,334.50 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 $ 79,424.18 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 $ 6,097,754.85 US Bank - Low Mod Housing Trst Fnd/Rogel $ 6,897,682.67 US Bank - Taxable Tabs Housing Proj. $ 2,611,325.52 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 $ 51,847,773.17 Sept. 2023 199 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 MASTER SUMMARY DESCRIPTION AVERAGE MARKET PERCENTAGE (%) DAYS TO VALUE PORTFOLIO MATURITY INVESTMENTS* $ 36,098,465.71 100% MONEY MARKET/CUSTODY HOLDINGS $ 8,712,953.52 DEMAND DEPOSIT ACCOUNTS $ 51,847,773.17 TOTAL AVERAGES $ 60,560,726.69 TOTAL INVESTMENTS & AVERAGES $ 96,659,192.40 (ikyl.f • iiel;yG//7 Luis Cuellar/Sheila Harding City Treasurer/Deputy City Treasurer *See Report Prepared by Main Street Capital Advisors 1 certify that this report accurately reflects all pooled 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. Sept. 2023 200 PORTFOLIO SUMMARY AT A GLANCE ACCOUNT SUMMARY JUL - SEPT 2023 Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Durantion Total Earnings Per Month F/Y Earnings to Date Average Daily Balance F/Y Average Daily Balance Book Rate of Return F/Y Book Rate of Return JULY AUGUST SEPTEMBER $ 36,028,992.00 $ 37, 081,164.00 $ (1,052,172.00) $ 36,050,870.00 $ 37,218,309.00 $ (1,167,439.00) $ 36,098,466.00 $ 37,276,243.00 $ (1,177,777.00) $ 37,160,738.00 $ 37,292,809.00 $ 37,350,355.00 $ 97.16 $ 96.86 $ 96.84 2.91% 2.97% 3.02% 4.62% 4.79% 4.85% 1.7 1.63 1.63 1.41 1.36 1.38 JULY AUGUST SEPTEMBER $ 63,124.33 $ 63,854.77 $ 61,701.84 $ 63,124.33 $ 126,979.09 $ 188,680.93 $ 37,031,276.89 $ 37,129,051.71 $ 37,253,532.56 $ 37,031,276.89 $ 37,080,164.30 $ 37,137,953.72 2.01% 2.02% 2.02% 2.01% 2.02% 2.02% HOLDINGS CD -FDIC Commercial Paper Corporate Bonds LAIF Money Market Funds U.S. Agencies U.S. Treasuries TOTAL JULY AUGUST SEPTEMBER $ 5,743,705.97 $ 3,131,715.00 $ 9,787,060.32 $ 274,677.31 $ 10,029,673.60 $ 7,062,159.70 $ 36,028,991.90 5,353,202.77 3,131,647.50 9,787,060.32 654, 748.84 10,042,274.40 7,081,936.30 36,050,870.13 $ 5,134,238.39 $ 3,614,455.00 $ 9,787,060.32 $ 460,295.00 $ 10,023,973.00 $ 7,078,444.00 $ 36,098,465.71 201 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 BALANCES PER QUARTER Investments Managed by Main Street Cash & Investments Per Treasurer's Reports Accounts Balances per Statement US Bank - General Account* *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Accounts Balances per Statement US Bank - General Account* *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Accounts Balances per Statement US Bank - General Account *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE 2023 Jan - Mar $35,917,091.17 $64,844,352.81 Apr - June $36,098,465.71 $60,560,726.69 2022 July - Sept 35,146,409.65 58,147,368.65 100,761,443.98 $96,659,192.40 93,293,778.30 MONTHLY BALANCES PER STATEMENT DEMAND DEPOSIT ACCOUNTS - MOST ACTIVE QUARTERLY TOTAL OF DEBITS/CREDITS *Most Active Accounts *Funds transferred from LAIF account to the general account to cover expenditures Beginning $ 45,772,564.15 $ 9,710,816.80 $ 7,826,014.85 $ 6,910,066.97 Beginning $ 37,300,635.52 $ 9,787,060.32 $ 7,826,014.85 $ 6,900,016.97 Jul -23 Credits 3,999,165.57 76,243.52 4,075,409.09 Debits $ 12,471,094.20 $ $ $ 10,050.00 $ 12,481,144.20 Aug -23 Credits Debits $ 5,975,933.17 $ 9,157,634.11 $ - $ - $ - $ 273,260.00 $ - $ 2,334.30 $ 5,975,933.17 $ 9,433,228.41 Beginning $ 34,118,934.58 $ $ 9,787,060.32 $ $ 7,552,754.85 $ $ 6,897,682.67 $ Sep -23 Credits 5,998,341.08 Debits 5,728,941.16 1,455,000.00 $ 5,998,341.08 7,183,941.16 $ 16,049,683.34 $ 29,098,313.77 Oct - Dec $35,344,239.13 $56,840,163.35 $92,184,402.48 Ending $ 37,300,635.52 $ 9,787,060.32 $ 7,826,014.85 $ 6,900,016.97 Ending $ 34,118,934.58 $ 9,787,060.32 $ 7,552,754.85 $ 6,897,682.67 Ending $ 34,388,334.50 $ 9,787,060.32 $ 6,097,754.85 $ 6,897,682.67 202 Portfolio Summary City of Lynwood 7/31/2023 SECTOR ALLOCATION AGY 11 28.0% LAIF TSY CD CORP MMF 0% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 43.3% 12.0% 20.8% 10.9% 13.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.6% Aa1 Aa2 0.7% Aa3 1 1.3% Al 1 2.7% A2 1 2.0% A3 NR 42.3% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 7/31/23 6/30/23 Run Date: 8/14/2023 - 11:21 AM Amortizing $36,028,992 $35,892,711 $37,081,164 $36,959,418 -$1,052,172 -$1,066,706 $37,160,738 $97.16 $37,031,146 $97.11 2.91% 2.84% 4.62% 4.72% 1.70 1.76 1.41 1.46 3.10% 2.60% 2.10% 1.60% - 1.10% - 0.60% N N N N N CO M N N N N N N N 8.0 Q U C < to 0 z 0 `-' LL m m N N L Q 2 a m N (0 Cr) N Issuer % Portfolio LAIF 26.4% U.S. Treasury 20.2% FHLB 18.1% FFCB 4.6% FHLMC 4.0% JPMorgan 1.4% FNMA 1.3% MetLife 1.3% Apple 1.3% 3M 1.3% Goldman Sachs Govt MMF 0.7% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% Charles Schwab 0.7% 203 Investment Policy Compliance City of Lynwood 7/31/2023 Category Book Value % of Portfolio Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,476,096.21 10,397,066.78 0.00 9,787,060.32 0.00 274,677.31 5,906,071.96 3,240,191.58 0.00 20.16% 28.04% 0.00% 26.39% 0.00% 0.74% 15.93% 8.74% 0.00% 100% 100% 30% $75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,081,164.15 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 8/14/2023 - 11:21 AM Amortizing 1.70 Less than 3.0 Years Yes 43.30% 30% Under 365 Days Yes Yes 204 Portfolio Summary City of Lynwood July 31, 2023 Investments of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM Certificates of Deposit 5,909,000.00 5,743,705.97 Corporate Bonds 3,250,000.00 3,131,715.00 LAIF 9,787,060.32 9,787, 060.32 Money Market Funds 274,677.31 274,677.31 U.S. Agencies 10,440,000.00 10,029,673.60 U.S. Treasuries 7,500,000.00 7,062,159.70 Investments Total Earnings 5,906,071.96 15.93 1,145 3.28 3,240,191.58 8.74 698 3.23 9,787,060.32 26.39 1 3.31 274,677.31 0.74 1 5.07 10,397,066.78 28.04 856 3.22 7,476,096.21 20.16 674 1.46 37,160,737.63 36,028,991.90 July 31 Month Ending Fiscal Year To Date 37,081,164.15 100.00 620 2.91 Current Year 63,124.33 63,124.33 Average Daily Balance 37,031,276.89 37,031,276.89 Book Rate of Return 2.01% 2.01% Run Date: 8/14/2023 - 11:21 AM Amortizing 205 1u Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 949763TF3 Wells Fargo Bank NA 08/30/2023 248,000.00 08/31/2018 247,429.60 99.74 247,363.01 0.67% NR/NR 3.300% 3.35% 247,990.62 6.43% 44.84 -627.61 NR 0.08 0.08 29278TLY4 EnerBank 09/27/2023 248,000.00 09/30/2019 247,523.84 99.31 246,281.67 0.67% NR/NR 2.000% 2.05% 247,981.06 6.43% 67.95 -1,699.39 NR 0.16 0.15 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.34 243,885.40 0.67% NR/NR 3.000% 3.05% 247,933.77 5.96% 3,159.45 -4,048.36 NR 0.58 0.56 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 95.38 236,534.27 0.67% NR/NR 1.850% 1.85% 248,000.00 6.20% 1,772.35 -11,465.73 NR 1.12 1.09 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 96.54 239,416.34 0.67% NR/NR 3.300% 3.30% 248,000.00 5.09% 313.91 -8,583.66 NR 2.05 1.94 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.65 224,802.98 0.67% NR/NR 0.500% 0.50% 248,000.00 5.15% 438.25 -23,197.02 NR 2.16 2.13 856283598 State Bank of India 1.000% 04/27/2026 248,000.00 04/27/2021 248,000.00 90.21 223,724.07 0.67% NR/NR 1.00% 248,000.00 4.86% 652.27 -24,275.93 NR 2.74 2.69 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 96.21 238,592.82 0.67% NR/NR 3.350% 3.35% 248,000.00 4.75% 569.04 -9,407.18 NR 2.94 2.77 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 89.46 221,866.33 0.67% NR/NR 0.950% 0.95% 248,000.00 4.82% 109.73 -26,133.67 NR 2.96 2.91 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 89.22 221,258.16 0.67% NR/NR 0.950% 0.95% 248,000.00 4.80% 135.55 -26,741.84 NR 3.03 2.96 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 100.28 248,693.79 0.67% NR/NR 4.750% 4.75% 248,000.00 4.65% 548.66 693.79 NR 3.13 2.82 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 101.17 250,899.51 0.67% NR/NR 5.000% 5.00% 248,000.00 4.60% 305.75 2,899.51 NR 3.15 2.83 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 100.54 249,336.50 0.67% NR/NR 4.550% 4.60% 247,556.10 4.40% 92.75 1,780.40 NR 3.92 3.53 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 96.25 238,701.86 0.67% NR/NR 3.400% 3.40% 248,000.00 4.45% 600.64 -9,298.14 NR 3.93 3.64 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 96.43 239,149.60 0.67% NR/NR 3.450% 3.45% 248,000.00 4.45% 586.03 -8,850.40 NR 3.94 3.64 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 96.82 240,125.39 0.67% NR/NR 3.550% 3.55% 248,000.00 4.42% 4,317.58 -7,874.61 NR 4.01 3.64 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 96.64 239,658.80 0.67% NR/NR 3.500% 3.50% 248,000.00 4.42% 4,232.99 -8,341.20 NR 4.01 3.65 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 96.63 239,653.18 0.67% NR/NR 3.500% 3.50% 248,000.00 4.42% 4,209.21 -8,346.82 NR 4.02 3.65 02589ADQ2 American Express National Bank 3.450% 08/10/2027 205,000.00 08/12/2022 203,975.00 96.44 197,694.63 0.55% NR/NR 3.56% 204,173.37 4.42% 3,332.79 -6,478.74 NR 4.03 3.67 Run Date: 8/14/2023 - 11:21 AM Amortizing 206 IV Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 101.30 251,232.60 0.67% NR/NR 4.600% 4.60% 248,000.00 4.29% 531.33 3,232.60 NR 4.63 4.05 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 102.13 253,284.16 0.67% NR/NR 4.800% 4.85% 247,495.31 4.29% 4,500.69 5,788.84 NR 4.63 4.03 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 101.66 252,104.85 0.67% NR/NR 4.650% 4.65% 248,000.00 4.25% 379.13 4,104.85 NR 4.64 4.06 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 100.37 248,908.29 0.67% NR/NR 4.350% 4.40% 247,469.68 4.26% 2,275.82 1,438.61 NR 4.80 4.25 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 101.02 250,537.75 0.67% NR/NR 4.500% 4.55% 247,472.05 4.26% 2,354.30 3,065.70 NR 4.80 4.23 Total Certificates of Deposit 5.909.000.00 5,904,252.52 5,743,705.97 3.28% 5,906,071.96 4.84% 35,531.01 15.93% 3.14 -162,366.00 2.87 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.04 247,587.50 0.68% Al/A+ 3.350% 3.03% 250,320.06 5.57% 535.07 -2,732.56 A+ 0.44 0.42 46625HJX9 1PMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.47 492,335.00 1.35% A1/A- 3.625% 2.97% 502,368.02 5.64% 3,927.08 -10,033.02 AA - 0.79 0.75 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.01 237,532.50 0.67% Aaa/AA+ 2.000% 2.08% 249,735.24 5.57% 125.00 -12,202.74 AAA 1.48 1.42 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.90 474,520.00 1.31% A2/A- 2.000% 4.04% 485,188.18 5.50% 4,638.89 -10,668.18 NR 1.55 1.47 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.51 241,270.00 0.70% Aa2/AA- 2.992% 02/19/2025 0.99% 257,837.42 5.25% 2,742.67 -16,567.42 NR 1.64 1.53 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.83 484,155.00 1.35% Aa3/AA- 4.050% 4.09% 499,572.89 5.70% 8,775.00 -15,417.89 AA - 2.07 1.91 037833BY5 Apple 02/23/2026 500,000.00 08/25/2022 496,085.00 96.46 482,280.00 1.34% Aaa/AA+ 3.250% 3.49% 497,130.66 4.73% 7,131.94 -14,850.66 NR 2.57 2.31 8085138W4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 93.60 234,007.50 0.67% A2/A- 3.300% 3.35% 249,562.83 5.24% 2,750.00 -15,555.33 A 3.67 3.29 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 95.21 238,027.50 0.67% Al/AA 3.300% 3.48% 248,476.30 4.72% 2,475.00 -10,448.80 AA - 3.70 3.35 Total Corporate Bonds 3.250,000.00 3,259,902.50 3,131,715.00 3.23% 3,240,191.58 5.35% 33,100.65 8.74% 1.91 -108,476.60 1.76 Run Date: 8/14/2023 - 11:21 AM Amortizing 207 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 08/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.310% 3.31% 9,787,060.32 1.00 3.31% 9,787,060.32 0.00 26.39% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9,787,060.32 9,787,060.32 26.39% 0.00 9.787.060.32 3.31% 9,787,060.32 3.31% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 08/01/2023 274,677.31 274,677.31 1.00 274,677.31 0.74% Aaa/AAA 5.070% 5.07% 274,677.31 5.07% 1,428.59 0.00 NR 0.00 0.00 Total Money Market Funds 274,677.31 274,677.31 274,677.31 5.07% 274,677.31 5.07% 1,428.59 0.74% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 3.250% 3.38% 1,638,745.46 98.74 5.40% 1,619,319.60 21,171.94 4.42% Aaa/AA+ -19,425.86 AAA 0.61 0.58 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 96.75 483,765.00 1.35% Aaa/AA+ 1.900% 1.90% 499,981.66 5.58% 791.67 -16,216.66 AAA 0.92 0.89 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 97.85 978,490.00 2.69% Aaa/AA+ 3.300% 3.39% 999,113.25 5.46% 15,216.67 -20,623.25 AAA 1.04 0.99 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 95.62 191,244.00 0.54% Aaa/AA+ 1.21 1.500% 1.67% 199,605.86 5.29% 875.00 -8,361.86 AAA 1.17 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.68 478,395.00 1.39% Aaa/AA+ 2.375% 0.49% 515,087.91 5.19% 4,519.10 -36,692.91 AAA 1.62 1.54 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.49 457,455.00 1.35% Aaa/AA+ 0.500% 02/18/2022 0.50% 500,000.00 4.96% 1,131.94 -42,545.00 AAA 2.04 1.98 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 4.000% 08/28/2023 4.00% 2,000,000.00 97.70 5.18% 1,953,900.00 34,000.00 5.39% Aaa/AA+ -46,100.00 AAA 2.08 1.60 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 90.95 454,770.00 1.35% Aaa/AA+ 0.375% 0.48% 498,913.63 4.87% 666.67 -44,143.63 AAA 2.15 2.08 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 89.88 449,420.00 1.35% Aaa/AA+ 1.370% 09/30/2023 1.37% 500,000.00 4.60% 589.86 -50,580.00 AAA 3.42 3.24 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 87.18 435,905.00 1.20% Aaa/AA+ 0.900% 08/26/2023 4.25% 445,619.01 4.85% 1,937.50 -9,714.01 AAA 3.58 3.40 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.87 575,220.00 1.62% Aaa/AA+ 3.250% 08/19/2023 3.25% 600,000.00 4.44% 3,900.00 -24,780.00 AAA 3.80 2.36 Run Date: 8/14/2023 - 11:21 AM Amortizing 208 10 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 96.01 960,120.00 2.70% Aaa/AA+ 4.07 4.050% 08/25/2023 4.05% 1,000,000.00 5.15% 17,550.00 -39,880.00 AAA 2.53 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 99.17 991,670.00 2.70% Aaa/AA+ 4.92 6.000% 09/28/2023 6.00% 1,000,000.00 6.20% 5,166.67 -8,330.00 AAA 0.84 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,029,673.60 3.22% 10,397,066.78 5.25% 107,517.02 28.04% 2.35 -367,393.18 1.59 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 98.95 860,821.50 2.32% P -1/A-1+ 0.20 0.000% 5.41% 860,789.45 5.33% 0.00 32.05 Fl+ 0.20 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 98.54 985,430.00 2.70% Aaa/AA+ 0.29 0.250% 0.25% 999,995.06 5.34% 529.89 -14,565.06 AAA 0.28 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 96.55 482,755.00 1.35% Aaa/AA+ 0.71 0.375% 0.69% 498,907.34 5.41% 553.28 -16,152.34 AAA 0.69 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 95.20 951,990.00 2.74% Aaa/AA+ 1.34 1.500% 0.43% 1,014,215.31 5.27% 2,540.98 -62,225.31 AAA 1.29 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 06/29/2021 491,542.97 91.78 458,885.00 1.34% Aaa/AA+ 1.84 0.250% 0.69% 496,043.15 5.00% 211.75 -37,158.15 AAA 1.78 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.47 904,650.00 2.68% Aaa/AA+ 2.34 0.375% 0.62% 994,369.87 4.74% 635.25 -89,719.87 AAA 2.26 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 89.98 449,920.00 1.34% Aaa/AA+ 2.51 0.375% 0.60% 497,171.98 4.67% 5.10 -47,251.98 AAA 2.43 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 89.98 899,770.00 2.70% Aaa/AA+ 2.84 0.750% 0.70% 1,001,390.20 4.56% 1,270.49 -101,620.20 AAA 2.72 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.59 447,930.00 1.34% Aaa/AA+ 3.17 0.875% 1.17% 495,485.47 4.44% 1,470.29 -47,555.47 AAA 3.03 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 98.41 620,008.20 1.67% Aaa/AA+ 4.42 3.875% 4.37% 617,728.38 4.27% 2,122.83 2,279.82 AAA 3.97 7,477,854.77 7,062,159.70 20.16% 1.85 Total U.S. Treasuries 7.500,000.00 1.46% 7,476,096.21 4.93% 9,339.86 -413,936.51 1.76 Run Date: 8/14/2023 - 11:21 AM Amortizing 209 IJ Holdings Report City of Lynwood July 31, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37,114,278.02 37,160,737.63 2.91% 37,081,164.15 Mkt Price Mkt YTM 4.62% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,028,991.90 100.00% 1.70 186,917.13 -1,052,172.29 1.41 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,909.03 Run Date: 8/14/2023 - 11:21 AM Amortizing 210 LV Maturity Report City of Lynwood July 31, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Value Book YTM Days to Maturity FGTXX Goldman Sachs Govt MMF 274,677.31 5.070% 08/01/2023 274,677.31 1 274,677.31 5.07% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.310% 08/01/2023 9,787,060.32 1 9,787,060.32 3.31% 1 949763TF3 Wells Fargo Bank NA 08/31/2018 247,990.62 3.300% 08/30/2023 248,000.00 1,795 247,363.01 3.35% 30 29278TLY4 EnerBank 09/30/2019 247,981.06 2.000% 09/27/2023 248,000.00 1,400 246,281.67 2.05% 58 912797FA0 U.S. Treasury 07/13/2023 860,789.45 0.000% 10/12/2023 870,000.00 18 860,821.50 5.41% 73 91282CAW1 U.S. Treasury 07/22/2021 999,995.06 0.250% 11/15/2023 1,000,000.00 739 985,430.00 0.25% 107 89236TFS9 Toyota Motor Credit 02/28/2019 250,320.06 3.350% 01/08/2024 250,000.00 1,614 247,587.50 3.03% 161 17312Q3B3 Citibank 02/28/2019 247,933.77 3.000% 02/27/2024 248,000.00 1,614 243,885.40 3.05% 211 3130A0XE5 FHLB 08/22/2022 1,638,745.46 3.250% 03/08/2024 1,640,000.00 343 1,619,319.60 3.38% 221 91282CBV2 U.S. Treasury 11/22/2021 498,907.34 0.375% 04/15/2024 500,000.00 616 482,755.00 0.69% 259 46625HJX9 JPMorgan Chase & Co 05/13/2019 502,368.02 3.625% 05/13/2024 500,000.00 1,540 492,335.00 2.97% 287 3133EKTV8 FFCB 07/02/2019 499,981.66 1.900% 07/01/2024 500,000.00 1,490 483,765.00 1.90% 336 3133ENG20 FFCB 08/18/2022 999,113.25 3.300% 08/15/2024 1,000,000.00 347 978,490.00 3.39% 381 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,417 236,534.27 1.85% 410 3133EK3B0 FFCB 10/17/2019 199,605.86 1.500% 10/16/2024 200,000.00 1,383 191,244.00 1.67% 443 912828YV6 U.S. Treasury 07/22/2021 1,014,215.31 1.500% 11/30/2024 1,000,000.00 739 951,990.00 0.43% 488 64952WDL4 New York Life 01/22/2020 249,735.24 2.000% 01/22/2025 250,000.00 1,286 237,532.50 2.08% 541 88579YBH3 3M 09/07/2022 485,188.18 2.000% 02/14/2025 500,000.00 327 474,520.00 4.04% 564 3130A4CH3 FHLB 10/07/2020 515,087.91 2.375% 03/14/2025 500,000.00 1,027 478,395.00 0.49% 592 30231GBH4 Exxon Mobil 06/22/2020 257,837.42 2.992% 03/19/2025 250,000.00 1,134 241,270.00 0.99% 597 912828ZT0 U.S. Treasury 06/29/2021 496,043.15 0.250% 05/31/2025 500,000.00 762 458,885.00 0.69% 670 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,077 457,455.00 0.50% 743 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 347 239,416.34 3.30% 749 59217GFC8 MetLife 08/25/2022 499,572.89 4.050% 08/25/2025 500,000.00 340 484,155.00 4.09% 756 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 335 1,953,900.00 4.00% 759 3137EAEX3 FHLMC 10/20/2020 498,913.63 0.375% 09/23/2025 500,000.00 1,014 454,770.00 0.48% 785 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,039 224,802.98 0.50% 787 91282CAZ4 U.S. Treasury 07/22/2021 994,369.87 0.375% 11/30/2025 1,000,000.00 739 904,650.00 0.62% 853 91282CBH3 U.S. Treasury 02/25/2021 497,171.98 0.375% 01/31/2026 500,000.00 886 449,920.00 0.60% 915 037833BY5 Apple 08/25/2022 497,130.66 3.250% 02/23/2026 500,000.00 340 482,280.00 3.49% 938 856283S98 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 825 223,724.07 1.00% 1,001 91282CCF6 U.S. Treasury 07/22/2021 1,001,390.20 0.750% 05/31/2026 1,000,000.00 739 899,770.00 0.70% 1,035 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 389 238,592.82 3.35% 1,072 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 746 221,866.33 0.95% 1,080 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 719 221,258.16 0.95% 1,107 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 138 248,693.79 4.75% 1,142 Run Date: 8/14/2023 - 11:21 AM Amortizing 211 L I Maturity Report City of Lynwood July 31, 2023 Purchase Book Coupon Maturity Remaining CUSIP Issuer Date Value Rate Date Par Term Market Book Days to Value YTM Maturity 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248,000.00 130 250,899.51 5.00% 1,150 91282CCZ2 U.S. Treasury 10/19/2021 495,485.47 0.875% 09/30/2026 500,000.00 650 447,930.00 1.17% 1,157 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 578 449,420.00 1.37% 1,248 3130AL5A8 FHLB 02/09/2023 445,619.01 0.900% 02/26/2027 500,000.00 172 435,905.00 4.25% 1,306 808513BW4 Charles Schwab 04/12/2022 249,562.83 3.300% 04/01/2027 250,000.00 475 234,007.50 3.35% 1,340 023135CF1 Amazon 06/09/2022 248,476.30 3.300% 04/13/2027 250,000.00 417 238,027.50 3.48% 1,352 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 438 575,220.00 3.25% 1,388 910286GM9 United Fidelity Bank FSB 06/29/2023 247,556.10 4.550% 06/29/2027 248,000.00 32 249,336.50 4.60% 1,429 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 389 238,701.86 3.40% 1,436 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 389 239,149.60 3.45% 1,437 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 362 240,125.39 3.55% 1,464 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 361 239,658.80 3.50% 1,465 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 360 239,653.18 3.50% 1,466 02589ADQ2 American Express National Bank 08/12/2022 204,173.37 3.450% 08/10/2027 205,000.00 353 197,694.63 3.56% 1,471 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 335 960,120.00 4.05% 1,486 91282CGC9 U.S. Treasury 03/03/2023 617,728.38 3.875% 12/31/2027 630,000.00 150 620,008.20 4.37% 1,614 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 138 251,232.60 4.60% 1,689 61690U3C2 Morgan Stanley Bank 03/16/2023 247,495.31 4.800% 03/16/2028 248,000.00 137 253,284.16 4.85% 1,690 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 133 252,104.85 4.65% 1,694 12547CBJ6 CIBC Bank USA 05/17/2023 247,469.68 4.350% 05/16/2028 248,000.00 75 248,908.29 4.40% 1,751 05600XQE3 BMO Harris Bank NA 05/17/2023 247,472.05 4.500% 05/16/2028 248,000.00 75 250,537.75 4.55% 1,751 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 31 991,670.00 6.00% 1,794 Net Maturities and Averages 37,081,164.15 37,160,737.63 36,028,991.90 2.91% 620 Run Date: 8/14/2023 - 11:21 AM Amortizing 212 GL Income Earned Summary City of Lynwood July 31, 2023 July 31 Month End Fiscal Year To Date Interest Interest Received/Purchased 118,046.42 118,046.42 Plus Accrued Interest at End of Period 186,917.13 186,917.13 Less Accrued Interest at Beginning of Period -245,539.44 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 59,424.11 59,424.11 3,700.22 3,700.22 0.00 0.00 Total Earnings During Period 63,124.33 63,124.33 Run Date: 8/14/2023 - 11:21 AM Amortizing 213 LU Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 38148PR33 Goldman Sachs Bank 07/06/2023 0.00 247,998.13 0.00 3,946.26 4,058.37 0.00 112.11 1.87 113.98 949763TF3 Wells Fargo Bank NA 08/30/2023 248,000.00 247,980.93 247,990.62 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 EnerBank 09/27/2023 248,000.00 247,970.93 247,981.06 54.36 407.67 67.95 421.26 10.12 431.38 17312Q3B3 Citibank 02/27/2024 248,000.00 247,924.03 247,933.77 2,527.56 0.00 3,159.45 631.89 9.73 641.62 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 1,382.68 0.00 1,772.35 389.67 0.00 389.67 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 291.48 672.66 313.91 695.09 0.00 695.09 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 332.93 0.00 438.25 105.32 0.00 105.32 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 441.64 0.00 652.27 210.63 0.00 210.63 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 3,983.29 4,119.86 569.04 705.61 0.00 705.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 1,077.95 1,168.32 109.73 200.10 0.00 200.10 903481R93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 129.10 193.64 135.55 200.09 0.00 200.09 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 516.38 968.22 548.66 1,000.50 0.00 1,000.50 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 271.78 1,019.18 305.75 1,053.15 0.00 1,053.15 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,546.47 247,556.10 61.83 927.45 92.75 958.37 9.63 968.00 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 4,065.84 4,181.35 600.64 716.15 0.00 716.15 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 4,102.19 4,242.84 586.03 726.68 0.00 726.68 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 3,569.84 0.00 4,317.58 747.74 0.00 747.74 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 3,495.78 0.00 4,232.99 737.21 0.00 737.21 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 3,472.00 0.00 4,209.21 737.21 0.00 737.21 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,155.95 204,173.37 2,732.12 0.00 3,332.79 600.67 17.42 618.09 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 500.08 937.64 531.33 968.89 0.00 968.89 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,486.05 247,495.31 3,489.67 0.00 4,500.69 1,011.02 9.26 1,020.28 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 347.54 947.84 379.13 979.43 0.00 979.43 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,462.71 247,472.05 1,406.47 0.00 2,354.30 947.83 9.35 957.18 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,460.29 247,469.68 1,359.58 0.00 2,275.82 916.24 9.39 925.63 Certificates of Deposit - Sub Total 5,909,000.00 6,153,985.50 5,906,071.96 43,580.77 24,517.70 35,531.01 16,467.94 86.46 16,554.40 Commercial Paper 78015DU32 Royal Bank of Canada, NY Commercial Paper - Sub Total 07/03/2023 0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Corporate Bonds 90331HNV1 US Bank 07/24/2023 0.00 250,050.15 0.00 3,706.94 4,250.00 0.00 543.06 -50.15 492.91 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,380.83 250,320.06 4,024.65 4,187.50 535.07 697.92 -60.77 637.15 Run Date: 8/14/2023 - 11:21 AM Amortizing 214 Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 46625H1X9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,628.33 502,368.02 2,416.67 0.00 3,927.08 1,510.41 -260.31 1,250.10 64952WDL4 New York Life 01/22/2025 250,000.00 249,719.78 249,735.24 2,208.33 2,500.00 125.00 416.67 15.46 432.13 88579YBH3 3M 02/14/2025 500,000.00 484,357.86 485,188.18 3,805.56 0.00 4,638.89 833.33 830.32 1,663.65 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 258,250.61 257,837.42 2,119.33 0.00 2,742.67 623.34 -413.20 210.14 59217GFC8 MetLife 08/25/2025 500,000.00 499,555.09 499,572.89 7,087.50 0.00 8,775.00 1,687.50 17.80 1,705.30 037833BY5 Apple 02/23/2026 500,000.00 497,034.19 497,130.66 5,777.78 0.00 7,131.94 1,354.16 96.47 1,450.63 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,552.56 249,562.83 2,062.50 0.00 2,750.00 687.50 10.27 697.77 023135CF1 Amazon 04/13/2027 250,000.00 248,440.83 248,476.30 1,787.50 0.00 2,475.00 687.50 35.46 722.96 Corporate Bonds - Sub Total 3,250,000.00 3,489,970.23 3,240,191.58 34,996.76 10,937.50 33,100.65 9,041.39 221.35 9,262.74 LAIF 9819499 LAIF 08/01/2023 9,787,060.32 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF Money Market Funds - Sub Total 08/01/2023 274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 1,428.59 0.00 1,428.59 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,566.24 1,638,745.46 16,730.28 0.00 21,171.94 4,441.66 179.22 4,620.88 3133EKTV8 FFCB 07/01/2024 500,000.00 499,979.93 499,981.66 4,750.00 4,750.00 791.67 791.67 1.72 793.39 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,039.75 999,113.25 12,466.67 0.00 15,216.67 2,750.00 73.50 2,823.50 3133EK3B0 FFCB 10/16/2024 200,000.00 199,577.78 199,605.86 625.00 0.00 875.00 250.00 28.09 278.09 3130A4CH3 FHLB 03/14/2025 500,000.00 515,890.18 515,087.91 3,529.51 0.00 4,519.10 989.59 -802.27 187.32 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 923.61 0.00 1,131.94 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 27,333.33 0.00 34,000.00 6,666.67 0.00 6,666.67 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,870.00 498,913.63 510.42 0.00 666.67 156.25 43.62 199.87 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 19.03 0.00 589.86 570.83 0.00 570.83 3130AL5A8 FHLB 02/26/2027 500,000.00 444,307.10 445,619.01 1,562.50 0.00 1,937.50 375.00 1,311.91 1,686.91 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 2,275.00 0.00 3,900.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 14,175.00 0.00 17,550.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 166.67 0.00 5,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 396,230.98 10,397,066.78 85,067.02 4,750.00 107,517.02 27,200.00 835.80 28,035.80 Run Date: 8/14/2023 - 11:21 AM Amortizing 215 LI Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 0.00 860,789.45 0.00 0.00 0.00 0.00 2,335.07 2,335.07 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,993.63 999,995.06 319.29 0.00 529.89 210.60 1.43 212.03 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 498,776.56 498,907.34 394.47 0.00 553.28 158.81 130.78 289.59 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,015,118.33 1,014,215.31 1,270.49 0.00 2,540.98 1,270.49 -903.02 367.47 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 495,860.07 496,043.15 105.87 0.00 211.75 105.88 183.08 288.96 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,165.26 994,369.87 317.62 0.00 635.25 317.63 204.61 522.24 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,076.17 497,171.98 782.11 937.50 5.10 160.49 95.81 256.30 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,431.84 1,001,390.20 635.25 0.00 1,270.49 635.24 -41.64 593.60 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,364.51 495,485.47 1,099.73 0.00 1,470.29 370.56 120.96 491.52 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,492.68 617,728.38 66.34 0.00 2,122.83 2,056.49 235.70 2,292.19 U.S. Treasuries - Sub Total 7,500,000.00 6,615,279.05 7,476,096.21 4,991.17 937.50 9,339.86 5,286.19 2,362.79 7,648.98 Grand Total 37,160,737.63 36,959,417.52 37,081,164.15 245,539.44 118,046.42 186,917.13 59,424.11 3,700.22 63,124.33 Run Date: 8/14/2023 - 11:21 AM Amortizing 216 LO Realized Gains and Losses City of Lynwood July 01, 2023 - July 31, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 38148PR33 Goldman Sachs Bank 07/09/2018 248,000.00 07/06/2023 1,823 248,000.00 248,000.00 0.00 3.300% 07/06/2023 1,823 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Commercial Paper 78015DU32 10/07/2022 500,000.00 07/03/2023 269 500,000.00 500,000.00 0.00 Royal Bank of Canada, NY 0.000% 07/03/2023 269 Total Commercial Paper 500,000.00 500,000.00 0.00 Corporate Bonds 90331HNV1 US Bank 03/01/2019 250,000.00 07/24/2023 1,606 250,000.00 250,000.00 0.00 3.400% 07/24/2023 1,606 Total Corporate Bonds 250,000.00 250,000.00 0.00 Grand Total 998.000.00 998.000.00 0.00 Run Date: 8/14/2023 - 11:21 AM Amortizing 217 Transaction Report City of Lynwood July 01, 2023 - July 31, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 07/03/2023 Interest 3133EKTV8 FFCB 1.9 07/01/24 07/01/2024 - - 4,750.00 07/03/2023 Maturity 78015DU32 ROYAL BK CAN NY 07/03/2023 - 500,000.00 07/05/2023 Interest FGTXX GSGF - - 660.20 07/06/2023 Interest 38148PR33 GS 3.3 07/06/23 07/06/2023 - - 4,058.37 07/06/2023 Maturity 38148PR33 GS 3.3 07/06/23 07/06/2023 - 248,000.00 07/06/2023 Interest 254673L38 DFS 3.4 07/06/27 07/06/2027 - - 4,181.35 07/07/2023 Interest 02007GUP6 GMATBK 3.35 07/07/26 07/07/2026 - 4,119.86 07/07/2023 Interest 14042RST9 COF 3.45 07/07/27 07/07/2027 - - 4,242.84 07/10/2023 Interest 89236TFS9 TOYOTA 3.35 01/08/24 01/08/2024 4,187.50 07/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 193.64 07/13/2023 Purchase 912797FA0 TREASURY BILL 10/12/2023 -858,454.38 07/14/2023 Interest 9819499 LAIF 76,243.52 07/17/2023 Interest 89235MLC3 TOYFBN 0.95 07/15/26 07/15/2026 - - 1,168.32 07/17/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 937.64 07/17/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 968.22 07/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 672.66 07/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 947.84 07/24/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,019.18 07/24/2023 Interest 64952WDL4 NYLIFE 2 01/22/25 01/22/2025 - 2,500.00 07/24/2023 Maturity 90331HNV1 USB 3.4 07/24/23 07/24/2023 - 250,000.00 07/24/2023 Interest 90331HNV1 USB 3.4 07/24/23 07/24/2023 4,250.00 07/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 407.67 07/31/2023 Interest 949763TF3 WFC 3.3 08/30/23 08/30/2023 - - 672.66 07/31/2023 Interest 91282CBH3 T 0 3/8 01/31/26 01/31/2026 - - 937.50 07/31/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 927.45 Grand Total: -858,454.38 998,000.00 118,046.42 0.00 0.00 Run Date: 8/14/2023 - 11:21 AM Amortizing 218 Portfolio Summary City of Lynwood 9/30/2023 SECTOR ALLOCATION AGY 27.9% LAIF TSY CD 14.5% CORP 10.0% MMF 1.2% 0% 26.3% 20.1% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 45.6% 19.3% 12.0% 14.0% 9.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.9% Aa1 Aa2 1 0.7% Aa3 1 1.3% Al 1 4.0% A2 1 2.0% A3 NR 40.8% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 9/30/23 8/31/23 Run Date: 10/6/2023 - 11:26 AM Amortizing $36,098,466 $37276243 -$1,177,777 -$1,167,439 $37,350,355 $37292,809 $96.84 $96.86 3.02% 2.97% 4.85% 4.79% 1.63 1.63 1.38 1.36 $36,050,870 $37,218,309 3.20% 3.00% - 2.80% - 2.60% - 2.40% - 2.20% - 2.00% - 1.80% - 1.60% , , N N U0 0 o z N N N 0 m N C CO m 41 LL m m N Q rn N (t5 M m m m V N N N -3 8.0 Q Issuer % Portfolio LAIF 26.3% U.S. Treasury 20.1% FHLB 18.0% FFCB 4.6% FHLMC 4.0% JPMorgan 1.3% FNMA 1.3% MetLife 1.3% Apple 1.3% Unilever Capital Corp 1.3% 3M 1.3% Goldman Sachs Govt MMF 1.2% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% 219 Investment Policy Compliance City of Lynwood 9/30/2023 Category Book Value % of Portfolio % Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,483,804.58 10,398,657.49 0.00 9,787,060.32 0.00 460,295.00 5,410,227.74 3,736,197.68 0.00 20.08% 27.90% 0.00% 26.26% 0.00% 1.23% 14.51% 10.02% 0.00% 100% 100% 30% 75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,276,242.81 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 10/6/2023 - 11:26 AM Amortizing 1.63 Less than 3.0 Years Yes 45.61% 30% Under 365 Days Yes Yes 220 Portfolio Summary City of Lynwood September 30, 2023 Investments Certificates of Deposit of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM 5,413, 000.00 5,134, 238.39 5,410,227.74 14.51 1,185 3.33 Corporate Bonds 3,750,000.00 3,614,455.00 3,736,197.68 10.02 792 3.48 LAIF 9,787,060.32 9,787,060.32 9,787,060.32 26.26 1 3.55 Money Market Funds 460,295.00 460,295.00 460,295.00 1.23 1 5.23 U.S. Agencies 10,440,000.00 10,023, 973.00 10,398,657.49 27.90 796 3.23 U.S. Treasuries 7,500,000.00 7,078,444.00 7,483,804.58 20.08 612 1.46 Investments Total Earnings 37,350,355.32 36,098,465.71 September 30 Month Ending Fiscal Year To Date 37,276,242.81 100.00 596 3.02 Current Year 61,701.84 188,680.93 Average Daily Balance 37,253,532.56 37,137,953.72 Book Rate of Return 2.02% 2.02% Run Date: 10/6/2023 - 11:31 AM Amortizing 221 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.41 3.000% 3.05% 247,952.91 5.67% 713.42 -2,459.74 NR 0.41 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.96 1.850% 1.85% 248,000.00 5.72% 226.26 -8,796.03 NR 0.94 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.88 3.300% 3.30% 248,000.00 5.60% 291.48 -10,115.75 NR 1.81 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.99 0.500% 0.50% 248,000.00 5.62% 20.38 -23,545.47 NR 1.98 856283598 State Bank of India 04/27/2026 248,000.00 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.58 1.000% 1.00% 248,000.00 5.49% 1,066.74 -26,407.85 NR 2.53 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.77 3.350% 3.35% 248,000.00 5.43% 1,957.50 -13,123.48 NR 2.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.79 0.950% 0.95% 248,000.00 5.46% 503.47 -28,586.85 NR 2.75 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.87 0.950% 0.95% 248,000.00 5.45% 129.10 -29,426.30 NR 2.82 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.96 4.750% 4.75% 248,000.00 5.40% 516.38 -4,403.36 NR 2.73 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.98 5.000% 5.00% 248,000.00 5.40% 271.78 -2,696.22 NR 2.74 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.75 4.550% 4.60% 247,575.05 5.29% 61.83 -5,764.89 NR 3.38 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.77 3.400% 3.40% 248,000.00 5.29% 2,009.82 -15,840.19 NR 3.48 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.77 3.450% 3.45% 248,000.00 5.29% 2,015.93 -15,425.87 NR 3.48 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.84 3.550% 3.55% 248,000.00 5.28% 1,423.11 -14,764.11 NR 3.55 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.14% 1,379.29 -14,056.64 NR 3.55 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.28% 1,355.51 -15,169.98 NR 3.56 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.86 3.450% 3.56% 204,207.65 5.28% 1,007.59 -12,128.99 NR 3.57 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.46 4.600% 4.60% 248,000.00 5.28% 500.08 -6,641.86 NR 3.99 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.46 4.800% 4.85% 247,513.53 5.27% 489.21 -4,147.98 NR 3.97 Run Date: 10/6/2023 - 11:32 AM Amortizing 222 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.650% 4.65% 248,000.00 5.28% 347.54 -6,172.23 NR 4.47 3.99 12547CB16 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.350% 4.40% 247,488.15 5.29% 4,078.75 -8,913.63 NR 4.63 4.09 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.500% 4.55% 247,490.45 5.29% 4,219.40 -7,401.90 NR 4.63 4.07 Total Certificates of Deposit 5.413.000.00 5,409,299.08 5,134,238.39 3.33% 5,410,227.74 5.39% 24,584.57 14.51% 3.25 -275,989.32 2.99 Corporate Bonds 89236TF59 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.43 248,580.00 0.67% Al/A+ 3.350% 3.03% 250,198.52 5.43% 1,930.90 -1,618.52 A+ 0.27 0.26 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 3.625% 2.97% 501,872.58 5.77% 6,947.92 -8,342.58 AA - 0.62 0.58 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 2.000% 2.08% 249,764.66 5.78% 958.33 -11,552.16 AAA 1.32 1.25 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 2.000% 4.04% 486,768.46 5.99% 1,305.56 -12,678.46 NR 1.38 1.31 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 2.992% 02/19/2025 0.99% 257,051.01 5.45% 249.33 -15,628.51 NR 1.47 1.39 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 4.050% 4.09% 499,606.76 5.91% 2,025.00 -16,136.76 AA - 1.90 1.78 037833BY5 Apple 3.250% 02/23/2026 500,000.00 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 3.49% 497,314.27 5.24% 1,715.28 -19,479.27 NR 2.40 2.21 808513BW4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.300% 3.35% 249,582.37 5.96% 4,125.00 -20,312.37 A 3.50 3.20 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 94.16 235,390.00 0.67% Al/AA 3.300% 3.48% 248,543.79 5.13% 3,850.00 -13,153.79 AA - 3.54 3.19 904764855 Unilever Capital Corp 09/08/2028 500,000.00 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.875% 5.08% 495,495.27 5.22% 1,557.29 -2,840.27 A 4.95 4.27 Total Corporate Bonds 3.750.000.00 3,755,377.50 3,614,455.00 3.48% 3,736,197.68 5.60% 24,664.61 10.02% 2.17 -121,742.69 1.97 LAIF Run Date: 10/6/2023 - 11:32 AM Amortizing 223 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 10/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.550% 3.55% 9,787,060.32 1.00 3.55% 9,787,060.32 0.00 26.26% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9.787.060.32 9,787,060.32 9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 26.26% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 5.233% 460,295.00 5.23% 460,295.00 1.00 460,295.00 5.23% 2,454.70 1.23% Aaa/AAA 0.00 NR 0.00 0.00 Total Money Market Funds 460.295.00 460,295.00 460,295.00 5.23% 460,295.00 5.23% 2,454.70 1.23% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.44 3.250% 3.38% 1,639,086.56 5.51% 3,405.28 -15,076.56 AAA 0.42 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.75 1.900% 1.90% 499,984.94 5.63% 2,375.00 -13,574.94 AAA 0.72 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.88 3.300% 3.39% 999,253.14 5.43% 4,216.67 -17,293.14 AAA 0.84 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.05 1.500% 1.67% 199,659.32 5.44% 1,375.00 -7,565.32 AAA 1.00 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.45 2.375% 0.49% 513,561.00 5.33% 560.76 -33,986.00 AAA 1.39 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.87 0.500% 02/18/2022 0.50% 500,000.00 5.17% 298.61 -41,035.00 AAA 1.82 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.91 4.000% 11/28/2023 4.00% 2,000,000.00 5.43% 7,333.33 -51,180.00 AAA 1.59 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.98 0.375% 0.48% 498,996.65 5.11% 41.67 -43,096.65 AAA 1.92 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.25 1.370% 12/30/2023 1.37% 500,000.00 5.09% 1,731.53 -55,095.00 AAA 3.08 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.41 0.900% 11/26/2023 4.25% 448,115.88 5.12% 437.50 -13,325.88 AAA 3.26 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.64 3.250% 11/19/2023 3.25% 600,000.00 4.57% 7,150.00 -26,346.00 AAA 2.40 Run Date: 10/6/2023 - 11:32 AM Amortizing 224 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 4.050% 11/25/2023 4.05% 1,000,000.00 5.36% 4,050.00 -45,700.00 AAA 3.90 2.75 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 6.000% 10/28/2023 6.00% 1,000,000.00 6.28% 15,166.67 -11,410.00 AAA 4.75 0.94 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,023,973.00 3.23% 10,398,657.49 5.42% 48,142.02 27.90% 2.18 -374,684.49 1.54 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 99.85 868,729.80 2.33% P -1/A-1+ 0.000% 5.41% 868,443.29 4.45% 0.00 286.51 Fl+ 0.03 0.04 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.250% 0.25% 999,997.88 5.23% 944.29 -6,187.88 AAA 0.13 0.12 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.375% 0.69% 499,164.69 5.42% 865.78 -12,444.69 AAA 0.54 0.52 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 1.500% 0.43% 1,012,438.40 95.68 956,760.00 5.37% 5,040.98 2.72% Aaa/AA+ -55,678.40 AAA 1.17 1.12 912828ZT0 U.S. Treasury 0.250% 05/31/2025 500,000.00 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 0.69% 496,403.40 5.19% 420.08 -35,348.40 AAA 1.67 1.61 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 0.375% 0.62% 994,772.50 5.00% 1,260.25 -88,562.50 AAA 2.17 2.10 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 0.375% 0.60% 497,360.51 4.95% 315.90 -47,225.51 AAA 2.34 2.26 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 0.750% 0.70% 1,001,308.26 89.81 898,130.00 4.87% 2,520.49 2.69% Aaa/AA+ -103,178.26 AAA 2.67 2.56 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 0.875% 1.17% 495,723.49 4.77% 11.95 -49,513.49 AAA 3.00 2.88 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 3.875% 4.37% 618,192.17 4.68% 6,169.46 -7,507.97 AAA 4.25 3.81 7,477,854.77 7,078,444.00 20.08% 1.68 Total U.S. Treasuries 7.500,000.00 1.46% 7,483,804.58 4.99% 17,549.18 -405,360.59 1.59 Run Date: 10/6/2023 - 11:32 AM Amortizing 225 Holdings Report City of Lynwood September 30, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37.300.417.27 37,350,355.32 3.02% 37,276,242.81 Mkt Price Mkt YTM 4.85% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,098,465.71 100.00% 1.63 117,395.08 -1,177,777.09 1.38 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM Amortizing 226 LV Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Book Days to Value YTM Maturity FGTXX Goldman Sachs Govt MMF 460,295.00 5.233% 10/01/2023 460,295.00 1 460,295.00 5.23% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.550% 10/01/2023 9,787,060.32 1 9,787,060.32 3.55% 1 912797FA0 U.S. Treasury 07/13/2023 868,443.29 0.000% 10/12/2023 870,000.00 79 868,729.80 5.41% 12 91282CAW1 U.S. Treasury 07/22/2021 999,997.88 0.250% 11/15/2023 1,000,000.00 800 993,810.00 0.25% 46 89236TF59 Toyota Motor Credit 02/28/2019 250,198.52 3.350% 01/08/2024 250,000.00 1,675 248,580.00 3.03% 100 17312Q3B3 Citibank 02/28/2019 247,952.91 3.000% 02/27/2024 248,000.00 1,675 245,493.17 3.05% 150 3130A0XE5 FHLB 08/22/2022 1,639,086.56 3.250% 03/08/2024 1,640,000.00 404 1,624,010.00 3.38% 160 91282CBV2 U.S. Treasury 11/22/2021 499,164.69 0.375% 04/15/2024 500,000.00 677 486,720.00 0.69% 198 46625HJX9 JPMorgan Chase & Co 05/13/2019 501,872.58 3.625% 05/13/2024 500,000.00 1,601 493,530.00 2.97% 226 3133EKTV8 FFCB 07/02/2019 499,984.94 1.900% 07/01/2024 500,000.00 1,551 486,410.00 1.90% 275 3133ENG20 FFCB 08/18/2022 999,253.14 3.300% 08/15/2024 1,000,000.00 408 981,960.00 3.39% 320 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,478 239,203.97 1.85% 349 3133EK3B0 FFCB 10/17/2019 199,659.32 1.500% 10/16/2024 200,000.00 1,444 192,094.00 1.67% 382 912828YV6 U.S. Treasury 07/22/2021 1,012,438.40 1.500% 11/30/2024 1,000,000.00 800 956,760.00 0.43% 427 64952WDL4 New York Life 01/22/2020 249,764.66 2.000% 01/22/2025 250,000.00 1,347 238,212.50 2.08% 480 88579YBH3 3M 09/07/2022 486,768.46 2.000% 02/14/2025 500,000.00 388 474,090.00 4.04% 503 3130A4CH3 FHLB 10/07/2020 513,561.00 2.375% 03/14/2025 500,000.00 1,088 479,575.00 0.49% 531 30231GBH4 Exxon Mobil 06/22/2020 257,051.01 2.992% 03/19/2025 250,000.00 1,195 241,422.50 0.99% 536 912828ZT0 U.S. Treasury 06/29/2021 496,403.40 0.250% 05/31/2025 500,000.00 823 461,055.00 0.69% 609 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,138 458,965.00 0.50% 682 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 408 237,884.25 3.30% 688 59217GFC8 MetLife 08/25/2022 499,606.76 4.050% 08/25/2025 500,000.00 401 483,470.00 4.09% 695 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 396 1,948,820.00 4.00% 698 3137EAEX3 FHLMC 10/20/2020 498,996.65 0.375% 09/23/2025 500,000.00 1,075 455,900.00 0.48% 724 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,100 224,454.53 0.50% 726 91282CAZ4 U.S. Treasury 07/22/2021 994,772.50 0.375% 11/30/2025 1,000,000.00 800 906,210.00 0.62% 792 91282CBH3 U.S. Treasury 02/25/2021 497,360.51 0.375% 01/31/2026 500,000.00 947 450,135.00 0.60% 854 037833BY5 Apple 08/25/2022 497,314.27 3.250% 02/23/2026 500,000.00 401 477,835.00 3.49% 877 856283598 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 886 221,592.15 1.00% 940 91282CCF6 U.S. Treasury 07/22/2021 1,001,308.26 0.750% 05/31/2026 1,000,000.00 800 898,130.00 0.70% 974 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 450 234,876.52 3.35% 1,011 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 807 219,413.15 0.95% 1,019 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 780 218,573.70 0.95% 1,046 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 199 243,596.64 4.75% 1,081 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248, 000.00 191 245, 303.78 5.00% 1,089 91282CCZ2 U.S. Treasury 10/19/2021 495,723.49 0.875% 09/30/2026 500,000.00 711 446,210.00 1.17% 1,096 Run Date: 10/6/2023 - 11:32 AM Amortizing 227 Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Value Coupon Rate Maturity Date Remaining Par Term Market Value Book YTM Days to Maturity 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 639 444,905.00 1.37% 1,187 3130AL5A8 FHLB 02/09/2023 448,115.88 0.900% 02/26/2027 500,000.00 233 434,790.00 4.25% 1,245 808513BW4 Charles Schwab 04/12/2022 249,582.37 3.300% 04/01/2027 250,000.00 536 229,270.00 3.35% 1,279 023135CF1 Amazon 06/09/2022 248,543.79 3.300% 04/13/2027 250,000.00 478 235,390.00 3.48% 1,291 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 499 573,654.00 3.25% 1,327 910286GM9 United Fidelity Bank FSB 06/29/2023 247,575.05 4.550% 06/29/2027 248,000.00 93 241,810.16 4.60% 1,368 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 450 232,159.81 3.40% 1,375 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 450 232,574.13 3.45% 1,376 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 423 233,235.89 3.55% 1,403 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 422 233,943.36 3.50% 1,404 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 421 232,830.02 3.50% 1,405 02589ADQ2 American Express National Bank 08/12/2022 204,207.65 3.450% 08/10/2027 205,000.00 414 192,078.66 3.56% 1,410 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 396 954,300.00 4.05% 1,425 91282CGC9 U.S. Treasury 03/03/2023 618,192.17 3.875% 12/31/2027 630,000.00 211 610,684.20 4.37% 1,553 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 199 241,358.14 4.60% 1,628 61690U3C2 Morgan Stanley Bank 03/16/2023 247,513.53 4.800% 03/16/2028 248,000.00 198 243,365.55 4.85% 1,629 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 194 241,827.77 4.65% 1,633 12547CBJ6 CIBC Bank USA 05/17/2023 247,488.15 4.350% 05/16/2028 248,000.00 136 238,574.52 4.40% 1,690 05600XQE3 BMO Harris Bank NA 05/17/2023 247,490.45 4.500% 05/16/2028 248,000.00 136 240,088.54 4.55% 1,690 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 92 988,590.00 6.00% 1,733 904764655 Unilever Capital Corp 09/22/2023 495,495.27 4.875% 09/08/2028 500,000.00 8 492,655.00 5.08% 1,805 Net Maturities and Averages 37,276,242.81 37,350,355.32 36,098,465.71 3.02% 596 Run Date: 10/6/2023 - 11:32 AM Amortizing 228 LL Income Earned Summary City of Lynwood September 30, 2023 September 30 Month End Fiscal Year To Date Interest Interest Received/Purchased 53,021.16 303,139.11 Plus Accrued Interest at End of Period 117,395.08 117,395.08 Less Accrued Interest at Beginning of Period -113,626.98 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 56,789.26 174,994.75 4,912.58 13,686.18 0.00 0.00 Total Earnings During Period 61,701.84 188,680.93 Run Date: 10/6/2023 - 11:32 AM Amortizing 229 L:! Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 29278TLY4 EnerBank 09/27/2023 0.00 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 Citibank 02/27/2024 248,000.00 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,479.06 247,488.15 3,192.07 0.00 4,078.75 886.68 9.09 895.77 Certificates of Deposit - Sub Total 5,413,000.00 5,658,156.23 5,410,227.74 24,699.05 15,215.65 24,584.57 15,101.17 71.50 15,172.67 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 New York Life 01/22/2025 250,000.00 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 3M 02/14/2025 500,000.00 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 MetLife 08/25/2025 500,000.00 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 Apple 02/23/2026 500,000.00 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,572.76 249,582.37 3,437.50 0.00 4,125.00 687.50 9.60 697.10 Run Date: 10/6/2023 - 11:32 AM Amortizing 230 LV Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 023135CF1 Amazon 04/13/2027 250,000.00 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764B55 Unilever Capital Corp 09/08/2028 500,000.00 0.00 495,495.27 0.00 -947.92 1,557.29 609.37 20.27 629.64 Corporate Bonds - Sub Total 3,750,000.00 3,240,452.36 3, 736,19 7.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF 9819499 LAIF 10/01/2023 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 Money Market Funds - Sub Total 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,918.90 1,639,086.56 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 FFCB 07/01/2024 500,000.00 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 FFCB 10/16/2024 200,000.00 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 FHLB 03/14/2025 500,000.00 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 FHLB 02/26/2027 500,000.00 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 10,166.67 0.00 15,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 397,875.61 10,398,657.49 54,467.02 33,525.00 48,142.02 27,200.00 781.88 27,981.88 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,013,312.29 1,012,438.40 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 Run Date: 10/6/2023 - 11:32 AM Amortizing 231 LI Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,964.08 618,192.17 4,179.31 0.00 6,169.46 1,990.15 228.10 2,218.25 U.S. Treasuries - Sub Total 7,500,000.00 7,480,015.71 7,483,804.58 14, 623.49 0.00 17,549.18 2,925.69 3,788.88 6,714.57 Grand Total 37,350,355.32 37,218,309.07 37,276,242.81 113, 62 6.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM Amortizing 232 LO Realized Gains and Losses City of Lynwood September 01, 2023 - September 30, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 29278TLY4 EnerBank 09/30/2019 248,000.00 09/27/2023 1,458 248,000.00 248,000.00 0.00 2.000% 09/27/2023 1,458 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Grand Total 248.000.00 248.000.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 233 LU Transaction Report City of Lynwood September 01, 2023 - September 30, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/05/2023 Interest FGTXX GSGF 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 09/22/2023 Purchase 904764B55 UNANA 4 7/8 09/08/28 09/08/2028 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 -495,475.00 248,000.00 1,488.43 26,650.00 200.10 2,312.85 5,937.50 1,000.49 968.90 6,000.92 695.08 3,740.00 979.43 -947.92 625.10 937.50 1,053.15 421.26 958.37 Grand Total: -495,475.00 248,000.00 53,021.16 0.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 234 Portfolio Summary City of Lynwood 9/30/2023 SECTOR ALLOCATION AGY 27.9% LAIF TSY CD 14.5% CORP 10.0% MMF 1.2% 0% 26.3% 20.1% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 45.6% 19.3% 12.0% 14.0% 9.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.9% Aa1 Aa2 1 0.7% Aa3 1 1.3% Al 1 4.0% A2 1 2.0% A3 NR 40.8% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 9/30/23 8/31/23 Run Date: 10/6/2023 - 11:26 AM Amortizing $36,098,466 $37276243 -$1,177,777 -$1,167,439 $37,350,355 $37292,809 $96.84 $96.86 3.02% 2.97% 4.85% 4.79% 1.63 1.63 1.38 1.36 $36,050,870 $37,218,309 3.20% 3.00% - 2.80% - 2.60% - 2.40% - 2.20% - 2.00% - 1.80% - 1.60% , , N N U0 0 o z N N N 0 m N C CO m 41 LL m m N Q rn N (t5 M m m m V N N N -3 8.0 Q Issuer % Portfolio LAIF 26.3% U.S. Treasury 20.1% FHLB 18.0% FFCB 4.6% FHLMC 4.0% JPMorgan 1.3% FNMA 1.3% MetLife 1.3% Apple 1.3% Unilever Capital Corp 1.3% 3M 1.3% Goldman Sachs Govt MMF 1.2% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% 235 Investment Policy Compliance City of Lynwood 9/30/2023 Category Book Value % of Portfolio % Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,483,804.58 10,398,657.49 0.00 9,787,060.32 0.00 460,295.00 5,410,227.74 3,736,197.68 0.00 20.08% 27.90% 0.00% 26.26% 0.00% 1.23% 14.51% 10.02% 0.00% 100% 100% 30% 75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,276,242.81 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 10/6/2023 - 11:26 AM Amortizing 1.63 Less than 3.0 Years Yes 45.61% 30% Under 365 Days Yes Yes 236 Portfolio Summary City of Lynwood September 30, 2023 Investments Certificates of Deposit of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM 5,413, 000.00 5,134, 238.39 5,410,227.74 14.51 1,185 3.33 Corporate Bonds 3,750,000.00 3,614,455.00 3,736,197.68 10.02 792 3.48 LAIF 9,787,060.32 9,787,060.32 9,787,060.32 26.26 1 3.55 Money Market Funds 460,295.00 460,295.00 460,295.00 1.23 1 5.23 U.S. Agencies 10,440,000.00 10,023, 973.00 10,398,657.49 27.90 796 3.23 U.S. Treasuries 7,500,000.00 7,078,444.00 7,483,804.58 20.08 612 1.46 Investments Total Earnings 37,350,355.32 36,098,465.71 September 30 Month Ending Fiscal Year To Date 37,276,242.81 100.00 596 3.02 Current Year 61,701.84 188,680.93 Average Daily Balance 37,253,532.56 37,137,953.72 Book Rate of Return 2.02% 2.02% Run Date: 10/6/2023 - 11:31 AM Amortizing 237 1u Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.41 3.000% 3.05% 247,952.91 5.67% 713.42 -2,459.74 NR 0.41 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.96 1.850% 1.85% 248,000.00 5.72% 226.26 -8,796.03 NR 0.94 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.88 3.300% 3.30% 248,000.00 5.60% 291.48 -10,115.75 NR 1.81 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.99 0.500% 0.50% 248,000.00 5.62% 20.38 -23,545.47 NR 1.98 856283598 State Bank of India 04/27/2026 248,000.00 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.58 1.000% 1.00% 248,000.00 5.49% 1,066.74 -26,407.85 NR 2.53 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.77 3.350% 3.35% 248,000.00 5.43% 1,957.50 -13,123.48 NR 2.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.79 0.950% 0.95% 248,000.00 5.46% 503.47 -28,586.85 NR 2.75 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.87 0.950% 0.95% 248,000.00 5.45% 129.10 -29,426.30 NR 2.82 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.96 4.750% 4.75% 248,000.00 5.40% 516.38 -4,403.36 NR 2.73 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.98 5.000% 5.00% 248,000.00 5.40% 271.78 -2,696.22 NR 2.74 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.75 4.550% 4.60% 247,575.05 5.29% 61.83 -5,764.89 NR 3.38 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.77 3.400% 3.40% 248,000.00 5.29% 2,009.82 -15,840.19 NR 3.48 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.77 3.450% 3.45% 248,000.00 5.29% 2,015.93 -15,425.87 NR 3.48 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.84 3.550% 3.55% 248,000.00 5.28% 1,423.11 -14,764.11 NR 3.55 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.14% 1,379.29 -14,056.64 NR 3.55 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.28% 1,355.51 -15,169.98 NR 3.56 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.86 3.450% 3.56% 204,207.65 5.28% 1,007.59 -12,128.99 NR 3.57 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.46 4.600% 4.60% 248,000.00 5.28% 500.08 -6,641.86 NR 3.99 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.46 4.800% 4.85% 247,513.53 5.27% 489.21 -4,147.98 NR 3.97 Run Date: 10/6/2023 - 11:32 AM Amortizing 238 IV Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.650% 4.65% 248,000.00 5.28% 347.54 -6,172.23 NR 4.47 3.99 12547CB16 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.350% 4.40% 247,488.15 5.29% 4,078.75 -8,913.63 NR 4.63 4.09 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.500% 4.55% 247,490.45 5.29% 4,219.40 -7,401.90 NR 4.63 4.07 Total Certificates of Deposit 5.413.000.00 5,409,299.08 5,134,238.39 3.33% 5,410,227.74 5.39% 24,584.57 14.51% 3.25 -275,989.32 2.99 Corporate Bonds 89236TF59 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.43 248,580.00 0.67% Al/A+ 3.350% 3.03% 250,198.52 5.43% 1,930.90 -1,618.52 A+ 0.27 0.26 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 3.625% 2.97% 501,872.58 5.77% 6,947.92 -8,342.58 AA - 0.62 0.58 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 2.000% 2.08% 249,764.66 5.78% 958.33 -11,552.16 AAA 1.32 1.25 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 2.000% 4.04% 486,768.46 5.99% 1,305.56 -12,678.46 NR 1.38 1.31 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 2.992% 02/19/2025 0.99% 257,051.01 5.45% 249.33 -15,628.51 NR 1.47 1.39 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 4.050% 4.09% 499,606.76 5.91% 2,025.00 -16,136.76 AA - 1.90 1.78 037833BY5 Apple 3.250% 02/23/2026 500,000.00 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 3.49% 497,314.27 5.24% 1,715.28 -19,479.27 NR 2.40 2.21 808513BW4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.300% 3.35% 249,582.37 5.96% 4,125.00 -20,312.37 A 3.50 3.20 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 94.16 235,390.00 0.67% Al/AA 3.300% 3.48% 248,543.79 5.13% 3,850.00 -13,153.79 AA - 3.54 3.19 904764855 Unilever Capital Corp 09/08/2028 500,000.00 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.875% 5.08% 495,495.27 5.22% 1,557.29 -2,840.27 A 4.95 4.27 Total Corporate Bonds 3.750.000.00 3,755,377.50 3,614,455.00 3.48% 3,736,197.68 5.60% 24,664.61 10.02% 2.17 -121,742.69 1.97 LAIF Run Date: 10/6/2023 - 11:32 AM Amortizing 239 11 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 10/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.550% 3.55% 9,787,060.32 1.00 3.55% 9,787,060.32 0.00 26.26% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9.787.060.32 9,787,060.32 9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 26.26% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 5.233% 460,295.00 5.23% 460,295.00 1.00 460,295.00 5.23% 2,454.70 1.23% Aaa/AAA 0.00 NR 0.00 0.00 Total Money Market Funds 460.295.00 460,295.00 460,295.00 5.23% 460,295.00 5.23% 2,454.70 1.23% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.44 3.250% 3.38% 1,639,086.56 5.51% 3,405.28 -15,076.56 AAA 0.42 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.75 1.900% 1.90% 499,984.94 5.63% 2,375.00 -13,574.94 AAA 0.72 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.88 3.300% 3.39% 999,253.14 5.43% 4,216.67 -17,293.14 AAA 0.84 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.05 1.500% 1.67% 199,659.32 5.44% 1,375.00 -7,565.32 AAA 1.00 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.45 2.375% 0.49% 513,561.00 5.33% 560.76 -33,986.00 AAA 1.39 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.87 0.500% 02/18/2022 0.50% 500,000.00 5.17% 298.61 -41,035.00 AAA 1.82 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.91 4.000% 11/28/2023 4.00% 2,000,000.00 5.43% 7,333.33 -51,180.00 AAA 1.59 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.98 0.375% 0.48% 498,996.65 5.11% 41.67 -43,096.65 AAA 1.92 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.25 1.370% 12/30/2023 1.37% 500,000.00 5.09% 1,731.53 -55,095.00 AAA 3.08 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.41 0.900% 11/26/2023 4.25% 448,115.88 5.12% 437.50 -13,325.88 AAA 3.26 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.64 3.250% 11/19/2023 3.25% 600,000.00 4.57% 7,150.00 -26,346.00 AAA 2.40 Run Date: 10/6/2023 - 11:32 AM Amortizing 240 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 4.050% 11/25/2023 4.05% 1,000,000.00 5.36% 4,050.00 -45,700.00 AAA 3.90 2.75 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 6.000% 10/28/2023 6.00% 1,000,000.00 6.28% 15,166.67 -11,410.00 AAA 4.75 0.94 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,023,973.00 3.23% 10,398,657.49 5.42% 48,142.02 27.90% 2.18 -374,684.49 1.54 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 99.85 868,729.80 2.33% P -1/A-1+ 0.000% 5.41% 868,443.29 4.45% 0.00 286.51 Fl+ 0.03 0.04 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.250% 0.25% 999,997.88 5.23% 944.29 -6,187.88 AAA 0.13 0.12 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.375% 0.69% 499,164.69 5.42% 865.78 -12,444.69 AAA 0.54 0.52 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 1.500% 0.43% 1,012,438.40 95.68 956,760.00 5.37% 5,040.98 2.72% Aaa/AA+ -55,678.40 AAA 1.17 1.12 912828ZT0 U.S. Treasury 0.250% 05/31/2025 500,000.00 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 0.69% 496,403.40 5.19% 420.08 -35,348.40 AAA 1.67 1.61 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 0.375% 0.62% 994,772.50 5.00% 1,260.25 -88,562.50 AAA 2.17 2.10 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 0.375% 0.60% 497,360.51 4.95% 315.90 -47,225.51 AAA 2.34 2.26 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 0.750% 0.70% 1,001,308.26 89.81 898,130.00 4.87% 2,520.49 2.69% Aaa/AA+ -103,178.26 AAA 2.67 2.56 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 0.875% 1.17% 495,723.49 4.77% 11.95 -49,513.49 AAA 3.00 2.88 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 3.875% 4.37% 618,192.17 4.68% 6,169.46 -7,507.97 AAA 4.25 3.81 7,477,854.77 7,078,444.00 20.08% 1.68 Total U.S. Treasuries 7.500,000.00 1.46% 7,483,804.58 4.99% 17,549.18 -405,360.59 1.59 Run Date: 10/6/2023 - 11:32 AM Amortizing 241 Holdings Report City of Lynwood September 30, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37.300.417.27 37,350,355.32 3.02% 37,276,242.81 Mkt Price Mkt YTM 4.85% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,098,465.71 100.00% 1.63 117,395.08 -1,177,777.09 1.38 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM Amortizing 242 Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Book Days to Value YTM Maturity FGTXX Goldman Sachs Govt MMF 460,295.00 5.233% 10/01/2023 460,295.00 1 460,295.00 5.23% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.550% 10/01/2023 9,787,060.32 1 9,787,060.32 3.55% 1 912797FA0 U.S. Treasury 07/13/2023 868,443.29 0.000% 10/12/2023 870,000.00 79 868,729.80 5.41% 12 91282CAW1 U.S. Treasury 07/22/2021 999,997.88 0.250% 11/15/2023 1,000,000.00 800 993,810.00 0.25% 46 89236TF59 Toyota Motor Credit 02/28/2019 250,198.52 3.350% 01/08/2024 250,000.00 1,675 248,580.00 3.03% 100 17312Q3B3 Citibank 02/28/2019 247,952.91 3.000% 02/27/2024 248,000.00 1,675 245,493.17 3.05% 150 3130A0XE5 FHLB 08/22/2022 1,639,086.56 3.250% 03/08/2024 1,640,000.00 404 1,624,010.00 3.38% 160 91282CBV2 U.S. Treasury 11/22/2021 499,164.69 0.375% 04/15/2024 500,000.00 677 486,720.00 0.69% 198 46625HJX9 JPMorgan Chase & Co 05/13/2019 501,872.58 3.625% 05/13/2024 500,000.00 1,601 493,530.00 2.97% 226 3133EKTV8 FFCB 07/02/2019 499,984.94 1.900% 07/01/2024 500,000.00 1,551 486,410.00 1.90% 275 3133ENG20 FFCB 08/18/2022 999,253.14 3.300% 08/15/2024 1,000,000.00 408 981,960.00 3.39% 320 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,478 239,203.97 1.85% 349 3133EK3B0 FFCB 10/17/2019 199,659.32 1.500% 10/16/2024 200,000.00 1,444 192,094.00 1.67% 382 912828YV6 U.S. Treasury 07/22/2021 1,012,438.40 1.500% 11/30/2024 1,000,000.00 800 956,760.00 0.43% 427 64952WDL4 New York Life 01/22/2020 249,764.66 2.000% 01/22/2025 250,000.00 1,347 238,212.50 2.08% 480 88579YBH3 3M 09/07/2022 486,768.46 2.000% 02/14/2025 500,000.00 388 474,090.00 4.04% 503 3130A4CH3 FHLB 10/07/2020 513,561.00 2.375% 03/14/2025 500,000.00 1,088 479,575.00 0.49% 531 30231GBH4 Exxon Mobil 06/22/2020 257,051.01 2.992% 03/19/2025 250,000.00 1,195 241,422.50 0.99% 536 912828ZT0 U.S. Treasury 06/29/2021 496,403.40 0.250% 05/31/2025 500,000.00 823 461,055.00 0.69% 609 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,138 458,965.00 0.50% 682 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 408 237,884.25 3.30% 688 59217GFC8 MetLife 08/25/2022 499,606.76 4.050% 08/25/2025 500,000.00 401 483,470.00 4.09% 695 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 396 1,948,820.00 4.00% 698 3137EAEX3 FHLMC 10/20/2020 498,996.65 0.375% 09/23/2025 500,000.00 1,075 455,900.00 0.48% 724 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,100 224,454.53 0.50% 726 91282CAZ4 U.S. Treasury 07/22/2021 994,772.50 0.375% 11/30/2025 1,000,000.00 800 906,210.00 0.62% 792 91282CBH3 U.S. Treasury 02/25/2021 497,360.51 0.375% 01/31/2026 500,000.00 947 450,135.00 0.60% 854 037833BY5 Apple 08/25/2022 497,314.27 3.250% 02/23/2026 500,000.00 401 477,835.00 3.49% 877 856283598 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 886 221,592.15 1.00% 940 91282CCF6 U.S. Treasury 07/22/2021 1,001,308.26 0.750% 05/31/2026 1,000,000.00 800 898,130.00 0.70% 974 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 450 234,876.52 3.35% 1,011 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 807 219,413.15 0.95% 1,019 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 780 218,573.70 0.95% 1,046 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 199 243,596.64 4.75% 1,081 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248, 000.00 191 245, 303.78 5.00% 1,089 91282CCZ2 U.S. Treasury 10/19/2021 495,723.49 0.875% 09/30/2026 500,000.00 711 446,210.00 1.17% 1,096 Run Date: 10/6/2023 - 11:32 AM Amortizing 243 Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Value Coupon Rate Maturity Date Remaining Par Term Market Value Book YTM Days to Maturity 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 639 444,905.00 1.37% 1,187 3130AL5A8 FHLB 02/09/2023 448,115.88 0.900% 02/26/2027 500,000.00 233 434,790.00 4.25% 1,245 808513BW4 Charles Schwab 04/12/2022 249,582.37 3.300% 04/01/2027 250,000.00 536 229,270.00 3.35% 1,279 023135CF1 Amazon 06/09/2022 248,543.79 3.300% 04/13/2027 250,000.00 478 235,390.00 3.48% 1,291 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 499 573,654.00 3.25% 1,327 910286GM9 United Fidelity Bank FSB 06/29/2023 247,575.05 4.550% 06/29/2027 248,000.00 93 241,810.16 4.60% 1,368 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 450 232,159.81 3.40% 1,375 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 450 232,574.13 3.45% 1,376 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 423 233,235.89 3.55% 1,403 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 422 233,943.36 3.50% 1,404 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 421 232,830.02 3.50% 1,405 02589ADQ2 American Express National Bank 08/12/2022 204,207.65 3.450% 08/10/2027 205,000.00 414 192,078.66 3.56% 1,410 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 396 954,300.00 4.05% 1,425 91282CGC9 U.S. Treasury 03/03/2023 618,192.17 3.875% 12/31/2027 630,000.00 211 610,684.20 4.37% 1,553 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 199 241,358.14 4.60% 1,628 61690U3C2 Morgan Stanley Bank 03/16/2023 247,513.53 4.800% 03/16/2028 248,000.00 198 243,365.55 4.85% 1,629 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 194 241,827.77 4.65% 1,633 12547CBJ6 CIBC Bank USA 05/17/2023 247,488.15 4.350% 05/16/2028 248,000.00 136 238,574.52 4.40% 1,690 05600XQE3 BMO Harris Bank NA 05/17/2023 247,490.45 4.500% 05/16/2028 248,000.00 136 240,088.54 4.55% 1,690 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 92 988,590.00 6.00% 1,733 904764655 Unilever Capital Corp 09/22/2023 495,495.27 4.875% 09/08/2028 500,000.00 8 492,655.00 5.08% 1,805 Net Maturities and Averages 37,276,242.81 37,350,355.32 36,098,465.71 3.02% 596 Run Date: 10/6/2023 - 11:32 AM Amortizing 244 Income Earned Summary City of Lynwood September 30, 2023 September 30 Month End Fiscal Year To Date Interest Interest Received/Purchased 53,021.16 303,139.11 Plus Accrued Interest at End of Period 117,395.08 117,395.08 Less Accrued Interest at Beginning of Period -113,626.98 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 56,789.26 174,994.75 4,912.58 13,686.18 0.00 0.00 Total Earnings During Period 61,701.84 188,680.93 Run Date: 10/6/2023 - 11:32 AM Amortizing 245 L:! Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 29278TLY4 EnerBank 09/27/2023 0.00 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 Citibank 02/27/2024 248,000.00 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,479.06 247,488.15 3,192.07 0.00 4,078.75 886.68 9.09 895.77 Certificates of Deposit - Sub Total 5,413,000.00 5,658,156.23 5,410,227.74 24,699.05 15,215.65 24,584.57 15,101.17 71.50 15,172.67 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 New York Life 01/22/2025 250,000.00 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 3M 02/14/2025 500,000.00 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 MetLife 08/25/2025 500,000.00 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 Apple 02/23/2026 500,000.00 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,572.76 249,582.37 3,437.50 0.00 4,125.00 687.50 9.60 697.10 Run Date: 10/6/2023 - 11:32 AM Amortizing 246 LV Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 023135CF1 Amazon 04/13/2027 250,000.00 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764B55 Unilever Capital Corp 09/08/2028 500,000.00 0.00 495,495.27 0.00 -947.92 1,557.29 609.37 20.27 629.64 Corporate Bonds - Sub Total 3,750,000.00 3,240,452.36 3, 736,19 7.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF 9819499 LAIF 10/01/2023 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 Money Market Funds - Sub Total 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,918.90 1,639,086.56 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 FFCB 07/01/2024 500,000.00 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 FFCB 10/16/2024 200,000.00 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 FHLB 03/14/2025 500,000.00 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 FHLB 02/26/2027 500,000.00 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 10,166.67 0.00 15,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 397,875.61 10,398,657.49 54,467.02 33,525.00 48,142.02 27,200.00 781.88 27,981.88 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,013,312.29 1,012,438.40 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 Run Date: 10/6/2023 - 11:32 AM Amortizing 247 Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,964.08 618,192.17 4,179.31 0.00 6,169.46 1,990.15 228.10 2,218.25 U.S. Treasuries - Sub Total 7,500,000.00 7,480,015.71 7,483,804.58 14, 623.49 0.00 17,549.18 2,925.69 3,788.88 6,714.57 Grand Total 37,350,355.32 37,218,309.07 37,276,242.81 113, 62 6.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM Amortizing 248 LO Realized Gains and Losses City of Lynwood September 01, 2023 - September 30, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 29278TLY4 EnerBank 09/30/2019 248,000.00 09/27/2023 1,458 248,000.00 248,000.00 0.00 2.000% 09/27/2023 1,458 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Grand Total 248.000.00 248.000.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 249 Transaction Report City of Lynwood September 01, 2023 - September 30, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/05/2023 Interest FGTXX GSGF 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 09/22/2023 Purchase 904764B55 UNANA 4 7/8 09/08/28 09/08/2028 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 -495,475.00 248,000.00 1,488.43 26,650.00 200.10 2,312.85 5,937.50 1,000.49 968.90 6,000.92 695.08 3,740.00 979.43 -947.92 625.10 937.50 1,053.15 421.26 958.37 Grand Total: -495,475.00 248,000.00 53,021.16 0.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 250 Agenda Item # 10.7. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Julian Lee, Director of Public Works SUBJECT: APPROVAL FOR ADVERTISEMENT FOR THE LYNWOOD CITYWIDE MONUMENTS PROJECT (CIP NO. 4011.68.117) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE ADVERTISEMENT OF THE NOTICE INVITING BIDS FOR THE LYNWOOD CITYWIDE MONUMENTS PROJECT (CIP NO. 4011.68.117)" Background: As part of the City's Fiscal Year 23-24 CIP Project list, the City will be installing eight (8) new entry monuments along major arterial streets for vehicles entering the City. The monuments will have the City Water Tower and City Logo Branding elements with three different monument shapes. Staff has consulted with Hunt Design in the preparation of plans and specifications for this project. The plans and specifications were completed and reviewed by staff. On September 8, 2023, staff published a Notice Inviting Bids (NIB) to the City website and three (3) bids were received. On October 17, 2023, City Council rejected all submitted bids due to the apparent lowest bidder's disqualification for failing to acknowledge the bid addendum and next lowest bidder's City Council City Council Regular Meeting 251 cost of nearly double the project budget. Discussion and Analysis: The project consists of, but is not limited to, structural design and preparation of shop drawings, fabrication of monuments using appropriate materials, removal and transport of existing monuments, the installation of newly fabricated monuments. Project Limit: The new monuments will be installed at eight (8) locations as follows: • Long Beach Boulevard at 1-105 Westbound Off Ramp • Long Beach Boulevard at 1-105 Eastbound Off Ramp • Long Beach Boulevard at Orchard Avenue • Long Beach Boulevard at Tweedy Boulevard • Atlantic Avenue at Abbott Road • Atlantic Avenue at McMillan Avenue • Imperial Highway at State Street • Imperial Highway at Atlantic Avenue Staff is ready to publish the Notice Inviting Bids for this project. The bid schedule is as follows: Release Date November 8, 2023 Last Date to Submit RFI Questions November 22, 2023, Wednesday, at 5:OOPM RFI Response Posted November 28, 2023 Bid Due Date December 5, 2023, Tuesday, at 10:00 AM Project Budget City Council City Council Regular Meeting 252 The table below shows the proposed construction cost for this project with a revised estimated cost from the previous bid opening. This may change based on the outcome of the actual bids. Construction Cost $380,000 Contingency (10%) $38,000 Construction Management & Inspection (10%) $38,000 Labor Compliance and other related cost (5%) $19,000 Project Management (8%) $25,000 Total Estimated Construction Cost $500,000 The City's FY 23-24 CIP budget includes $280,000 from American Rescue Plan Act (ARPA) Unrestricted Funds. The estimated construction cost of $500,000 is higher than the current project budget and additional funds of $220,000 will be required. Actual fund transfer will be appropriated during the award of contract from ARPA Unrestricted Funds. American Rescue Plan Act (Unrestricted Fund) Total Additional Funding Fiscal Impact: $220,000 $220,000 The City's FY 23-24 CIP budget for this Project is $280,000 from American Rescue Plan Act Unrestricted Funds. Actual fund Transfer will be requested at time of project award. Coordinated With: City Manager's Office Department of Finance and Administration Services ATTACHMENTS: Description a Lynwood Monument Project Plans 4011.68.117.pdf a Lynwood City Monuments Project Specifications 4011.68.117.pdf a Resolution - Lynwood_Monuments_Readvertisement Resolution.docx City Council City Council Regular Meeting 253 Hunt 88 North Fair Oaks Avenue Pasadena, CA 91103 626.793.7847 Cityo f '',LYNIATO California May 16, 2023 MONUMENT SIGNAGE CONSTRUCTION DOCUMENTS HUNT DESIGN 254 SECTION 101400 C. Patterns EXTERIOR SIGNAGE PART 1 GENERAL 1.1 SCOPE OF WORK A. New signage and graphics elements throughout project as shown and located on the Construction Documents. B. The construction documents to bid, fabricate and install signage and graphic elements for this project consist of: 1. Part 1 Specifications, Location Plans and Design Drawings: Specifications, Location Plans and Design Drawings are included in an 11" x 17" bound booklet. The Specifications state the technical description of minimum quality and performance required of signage and graphic elements. Location Plan(s) locate all signage and graphic elements. All elements to be field verified prior to final installation. The Design Drawings show design intent, visual details and typical mounting conditions for signage and graphic elements. C. Sign Contractor is responsible for obtaining all permits and approvals with the City of Lynwood and any other authority holding jurishdiction. 1.2 SUBMITTALS A. Shop Drawings 1. Provide electronic PDF's of shop drawings for each sign type in the Design Drawings for review and written approval prior to fabrication. 2. Shop Drawings shall include the following: a. Shop instruction drawing on vendor's title block showing exactly how the sign will be made: exact materials; techniques; processes; dimensions; internal structure; welds; connections; fasteners; mounting details; access panels and other pertinent information. b. Include message listing with all forms, symbols and text to be used Message listing to correspond to numbering system shown on Signage Location Plans and Signage Design Drawings. c. Include engineering calculations and data for all components of stress. d. Structural shop drawings shall be signed and stamped by a State licensed structural engineer from Sign Contractor. B. Calculations 1. Prior to fabrication, provide engineer stamped calculations for all foundations, lifting eyes and other components that effect the structural design. 1. Provide two (2) full size, paper patterns for all signs with painted, curved, stenciled, cutout, fabricated, routed or sandblasted letters, characters, forms or other as noted on drawings for review and approval. Identify each pattern with the sign number to which the pattern applies. 2. Pattern definition: Full size exact outline on white paper of each letter, word, character, or form. Include outline of sign panel. Make outlines dark enough for long distance viewing. 3. These patterns, once accepted, will become the patterns or templates for shop fabrication. 4. Retain all original annotated patterns reviewed during pattern submittal process. Retain final approved/stamped pattern for use and review at installation. D. Colors and Material Samples 1. Submit samples for review and approval. Identify each sample with the sign type number to which the sample applies. a. Paint samples, 6" x 6", on actual specified materials to match color, texture and finish. b. Each type exposed metal used for major elements of work with respective finish. c. Digital printed powder coat samples, 6" x 6", on actual specified materials to match color, texture and finish. d. Each type cast concrete block, 12" square by 3" thick" with incised text and shapes, natural color and finish as specified on drawings for major elements of work. e. Decorative hardware, including bolt heads, nail heads, screw heads, rivets and similar exposed items. 2. Compile and maintain a listing of all paint colors with the factory batch number and formulation code for all paints and coatings. For custom semi -opaque and/or "wash" type finishes, provide specific mix "reduced" formulations. Submit the list to the City for future maintenance reference. a. Three (3) copies of Manufacturer's Certificates of Material Standards E. Artwork: 1. Sign Contractor to provide digital files for all sign type artwork, including messaging, logos, graphic images and their variations. Contractor artwork to be generated based on samples of template electronic art files provided as guides for actual production art. 1.3 QUALITY ASSURANCE A. Comply with all laws, ordinances, rules, regulations and orders of any public authority having jurisdiction over this work. Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.1 255 B. Preparation: 1. Protect exposed finish surfaces of hanging items from damage resulting from fabricated hanging/support assemblies. 2. Prepare hanging items to receive proper attachments in accord with Contract Drawings and approved submittals. 3. Install work in accord with approved shop drawings, patterns and color/material submittals. 1.4 MAINTENANCE - MATERIALS AND DOCUMENTATION A. Upon completion of work, Contractor is to provide written documentation outlining proper care and maintenance for all graphic materials, colors, finishes and hardware. B. Touch-up paint: Provide City with one (1) quart can of touch-up paint (including clear coat finish) of each type and color used in Work. C. Provide warranty as follows: 1. Warrant all work against failure because of faulty materials, workmanship, and fabrication design for a period of five (5) years from date of acceptance by the City. 2. Fading, cracking, warping, peeling, delaminating, rusting, corroding and structural failure, including distortion by whatever cause, shall be construed to mean failure because of faulty materials and workmanship. 3. Failures during the warranty period shall be repaired or replaced to the satisfaction of, and without any cost to the City. PART 2 PRODUCTS 2.1 GENERAL A. The work as herein identified, requires the manufacture and/or purchase of; and delivery, installation and/or application of: Signage and Environmental Graphics as part of these bid documents. 2.2 MATERIALS - METALS A. B. Aluminum: 1. Sheet Aluminum ASTM B209: Provide alloy and temper consistent with specific fabrication and finishing processes. 2. Extruded aluminum: Provide alloy and temper consistent with specific fabrication and finishing processes. 3. Bars, rod, wire and shapes: ASTM B221 4. Pipe and tubing: Seamless, minimum Schedule 40 or equivalent wall thickness a. Non-structural: ASTM B210 and ASTM B241. b. Structural: ASTM B429. Steel 1. Exposed, painted locations and bending/formed uses: Stretcher -leveled, electrolytic zinc -coated, sheet steel, with phosphate or other specialty treatment for maximum paint adherence, ASTM A591, commercial or drawing quality, Coating Class C. 2. Concealed, unpainted locations and flat/unformed uses: Galvanized sheet steel, ASTM A653, commercial quality, with G90 coating. 3. Steel shapes: ASTM A36, A53, A500, A501 hot -rolled or cold rolled shapes, plates and tubes in sizes indicated on Design Drawings. C. Metal thickness: Provide metal thickness indicated on Design Drawings. When metal thickness is not indicated on Design Drawings, provide thickness most appropriate for the fabrication condition. 1. For sheet steel not indicated, use not less than 20 gauge. 2. For non-ferrous metal not indicated, use not less than 0.032 -in. thickness. 2.3 MATERIALS - DIGITAL PRINTED POWDER COAT FINISHES A. Powder coatings: Custom color, high performance, factory/ electrostatically spray -applied, baked -on, thermosetting organic polyester powder coating, conforming to AAMA 603.8 and 605.2 (except weather resistance); epoxies, acrylics, urethanes and blends thereof are not acceptable. Minimum dry film thickness not less than 2.5 mils. Color and gloss as selected by City and Hunt Design. 2.4 MATERIALS - CONCRETE A. Formwork: Provide materials in accord with reference standard ACI 347. B. Reinforcement: Provide concrete reinforcement in accord with reference standard CRSI C. Concrete: Provide concrete in accord with reference standard ASTM C94. 1. Mix proportions: As required to produce 28 -day compressive strength of not less than 3,000 psi. Grout: Non -shrink, high -strength, non-metallic hydraulic anchoring cement. Waste molds: Wood, plastic, staff - as required to produce designs indicated on Design Drawings. 1. Pea gravel: Uniform sized (3/8 in.), washed, hard, durable gravel conforming to ASTM C33. Angular, flat, chip -like, thin, elongated, friable aggregate is not acceptable. D. E. 2.5 MATERIALS - ELECTRICAL FIXTURE A. Sign contractor to provide exterior lighting fixture with even illumination to wash face. Primary power to sign location by Others. Coordinate with City for connection requirements. B. Code: Conform to California Electrical Code and National Electrical Code for materials. C. Approved listing: Materials must be approved and listed by Underwriters Laboratories, Inc. D. Lighting fixtures: Standard manufacture as indicated on Design Drawings. Modify as indicated on Design Drawings and as necessary to conform to governing electrical standards and regulations. Provide without (or remove) identifying trademarks, trade names, model numbers, and similar information on surfaces exposed to view. 1. Disconnects: Heavy duty, non -keyed, flush mounted, fused or unfused, by: a.. General Electric b. Square D c. ITE. d. Or equal E. Provide NEMA 1 for dry locations and proper enclosure for others. Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.2 256 F Conduit: 1. Above -grade: Threaded, rigid steel or intermediate metal, conforming to ANSI C80.1, UL 6 or UL 1242, unless specifically approved otherwise by District. Provide with hot -dipped galvanized coating. Provide threaded fittings, conforming to NEMA FB1, UL 514A, or UL 514B. Where specifically approved by District, flexible conduit must be liquid -tight type, conforming to UL 360. 2. Below -grade: Rigid PVC, conforming to UL 651, minimum Schedule 40. Provide cemented, socket -type fittings, conforming to NEMA TC3. G. Junction boxes: Single -piece, pressed steel type with hot -dipped galvanized coating. H. Dimmers: Continuously variable -type with extra (minimum 50%) load -capacity for future use. Conductors: THHN, No. 12. J. Accessories: Provide supports, hangers, and other accessories as required for the work. 2.6 MATERIALS - MISCELLANEOUS A. Cement for acrylic plastic: Weld -On Part No. 4 cement by Industrial Polychemical Co., or equal. B. Adhesives. 1. Silicone: Single -component silicone rubber by: a. General Electric b. Dow Corning c. Or equal 2. Epoxy: Two-part, catalyzed; provide fast -setting, high -strength, flexible, high - viscosity or other specific types as necessary and approved by City. 3. Tape: Double -coated, high strength acrylic adhesive foam tape, 3M VHB+ tape or equal. 4. Thread -locking: Anaerobic, single -component adhesive, as manufactured by: a. b. c. d. Hernon. Loctite. Permabond. Or equivalent. 5. Other: Exterior grade, waterproof, structural types as necessary and compatible with materials in contact with adhesives. C. Locks: Tubular key or allen wrench actuated cam lock, brass and/or stainless steel construction. D. Miscellaneous hardware: Provide continuous (piano) hinges, hooks and hook -eyes, hinges and bolts with acorn nuts, chain, invisible (Soss) hinges, and other non -corrosive, commercial type hardware items including fasteners as necessary, where not specifically indicated on the Design Drawings. Ferrous metal hardware is not acceptable. 1. Machine bolt anchors: Stainless steel, chemical -adhesive type as manufactured by: a. Rawl. b. Ramset/Red Head. c. Hilti. d. Or equal. 2.7 MATERIALS — PRIMERS AND PAINTS A. Provide and use paint by: 1. Matthews Paint Co., Kenosha, WI 2. PPG Paint Co., Pittsburg, PA 3. Or equal. B. Paint Schedule: 1. Aluminum: a. Interior of illuminated sign cans, including internal support/mounting system: - Pretreatment: Etching/wash type as recommended by paint manufacturer. - 1st coat: Epoxy primer. - 2nd and 3rd coats: Flat alkyd or 100% flat acrylic latex. Vinyl acrylics and similar acrylic blends are not acceptable. b. Exterior surfaces of signs: - Pretreatment: Etching/wash type as recommended by paint manufacturer. - 1st coat: Epoxy primer. 2nd coat: Two -component catalytic, linear, aliphatic polyurethane enamel with ultraviolet inhibitors. Automotive -type enamels are not acceptable. 2. Zinc coated sheet and hot -dip galvanized steel: a. Pretreatment: Etching/wash type as recommended by paint manufacturer. b. 1st coat: Exterior alkyd or latex primer. c. 2nd and 3rd coats: Exterior alkyd or 100% acrylic latex. Vinyl acrylics and similar acrylic blends are not acceptable. 3. Acrylic plastic: a. 1st coat: Plastic lacquer primer or as recommended by paint manufacturer. 4. Aluminum and ferrous metals below grade: a. 1st coat: Primer as recommended by paint manufacturer. b. 2nd and 3rd coats: Epoxy or urethane mastic protective coating system. Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.3 257 PART 3 EXECUTION 3.1 STRUCTURAL DESIGN A. It shall be the responsibility of the Contractor to perform the structural design of the signs and to incorporate all the safety features necessary to adequately support the sign for its intended use and purpose and to protect the City. Designs that meet or exceed industry and code standard engineering practices will be required. The sign fabricator shall submit engineer stamped calculations for foundations, lifting eyes and other sign components that effect the structural design. 1. Include foundations when part of the signage and graphics work. 2. When required because of size or weight of sign, provide lifting eyes. Lifting eyes shall be removable or visually inconspicuous in the finished work. 3. Include support backing and connection to existing support structure or mounting surface. B. Design loads: 1. All forces resulting from dead loads, live loads, rated loads, wind loads, and seismic loads as applicable shall be applied in determining adequacy of all parts of a suspension system and the system as a whole. a. Wind loads and seismic loads shall be in accord with governing loads. b. Dead loads consist of the weight of the suspended object(s), and, if a separate system, the load of the suspension system. C. Allowable stresses: 1. Allowable stresses shall not exceed values which would cause permanent distortion of any structural or machinery component. 2. All components of stress shall have the benefit of engineering calculations and data, and such calculations and data shall be used in the selection of materials. 3. Stresses due to combined loads shall be in accord with governing codes. D. Support: 1. Consideration shall be given to the support structure to which overhead objects may be attached to assure sufficient structural strength and appropriate connection points. 2. Every suspended object shall be connected by means of sufficient and appropriate attachments and hangers to the support structure designed for its application. The only exceptions are loads of 2 lb. or less which may be attached to architectural materials. These objects may be suspended from walls or ceilings made of tile, plaster, or gypsum board without connecting directly to the structure. 3. Loads in excess of 2 lb. suspended from a vertical plane, such as a wall or column, shall be supported and installed in a positive manner that maximizes the structures provided. In addition, when visual design criteria permit, a ledge shall be provided to support the bottom edge of the object. Friction attachments are not acceptable. 4. The primary support of a suspended object may be designed as a concentrated load that is suspended from a single point, or as a distributed load where the weight of a suspended object is suspended by means of more than one primary support sharing the load equally. 5. Whenever possible, objects shall be designed to be supported as a distributed load. 6. When determining the load of an object or system, both the total weight of the object or system and the specific load at each suspension point shall be considered. Basic statics and known material properties and weight distributions shall be used in determination of support loading. 7. Consideration shall be given to the design of the support structure and access to the structure to which overhead objects are intended to be attached. System design shall include adequate access for installation, inspection, and maintenance. 8. Qualified, trained individuals shall perform all rigging installations with prior rigging experience. Individuals who hang items shall be familiar with these Specifications. 9. Attaching to structure: Care shall be taken to minimize loading conditions that induce torque in structural members. Attachments to existing structure shall be as specified in approved shop drawings. E. Additional structure, if required: 1. Additional structure shall be fully engineered by a licensed structural engineer. 2. Visible additional structure shall match the original in material, size, and shape unless otherwise approved by the City. 3. Do not cut into structural members, including beams, girders, and columns, without prior written approval from City. 4. Patch around all cuts to match adjacent surfaces. F. Safety factors: 1. The systems used for supporting suspended objects shall be sufficiently secure so as to prevent failure. 2. The safety ratio for a specific installation shall, as a minimum, meet a 5:1 safety ratio over the minimum allowable load for the installation condition. 3. The required minimum safety ratio applies to the total system. Individual components of a system may be rated at higher values, depending upon the component. The lowest value shall determine the safety factor of the system. Certified "working load" factors that have the basis of laboratory testing are acceptable. As an example, chain manufacturers traditionally use a safety factor of 4:1 over breaking strength as ultimate working load. Wire rope shall use the 5:1 safety factor. 4. Required fail-safe system: Every object suspended overhead shall be designed with a single -point fail-safe system. a. Every malfunction or failure of a critical component, due to whatever cause, shall not create a life or limb threatening condition or progressive failure of the system. 3.2 SIGN PANELS, SUPPORTS AND SIMILAR ENCLOSURES: A. Fabricate of sheet aluminum (0.125 -in. minimum thickness) as indicated. Brake -formed, heliarc electric welded construction, precision formed, with straight and even corners and edges. Visible distortions and other irregularities, due to heat of welding process, is not permitted on exposed surfaces. Test welds using dye -penetrant or vacuum -seam tester; reweld where necessary to obtain solid, complete weld joint. Welds shall be smooth and flush. Finish to match adjacent surfaces. B. Accurately rout portions of sign cabinets to required designs. Finish edges of routed portions to match adjacent surfaces. Coordinate with fabrication of "cut-out" letters and shapes to assure a tight, hairline -type joint appearance. Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.4 258 C. Provisions for aluminum "cut-out" letters and shapes: 3.5 ANTI -GRAFFITI FINISHES 1. Provide sufficient quantity of fasteners to preclude any looseness or separation for background panel. 3.3 FABRICATED LETTERS, NUMBERS AND SHAPES A. Provide materials and workmanship that is performed by skilled craftsman under the supervision of trained foremen, experienced in the trade or craft required to accomplish the Work and produce a product of high quality. B. Finish exposed edges to match finish of face, free of finishing marks. 1. Finish: Polyurethane enamel, directionally brushed, or mirror polished as indicated. 3.4 PAINTING AND FINISHING A. Definitions: 1. The term "paint" as used herein includes enamels, polyurethanes, powder coats, paints, primers, sealers, fillers, stains, and coatings systems whether used as prime, intermediate or finish coats. 2. The term "system" implies that each finish is comprised of materials and quantities appropriate for the surface to be finished, and includes preparation priming/sealing, and intermediate and finish coats as applicable. B. Sample finishes: Refer to Section 1.2.D - "COLORS AND MATERIAL SAMPLES". C. Paint color references: As indicated on Design Drawings. D. Paint formulation: All paint materials shall be especially formulated to meet all local and state environmental codes and specifications, with anti -mildew agents incorporated into the formulations. This requirement applies to all materials including those for interiors of sign cabinets and cans. In addition, include carefully balanced ultraviolet inhibitors for exterior materials. E. Application: 1. Properly prepare subsurfaces and apply materials in an environment most favorable for producing best quality work. Where indicated or necessary, etch surfaces prior to applying finish paint materials. a. Finish surfaces shall be free of streaks, laps, runs, or pile-up of paints, with all surfaces uniformly covered. b. Surfaces with over spray are not acceptable. 2. Unless specified or directed otherwise, provide semi -gloss (specular gloss value of 50 in accord with ASTM D523) finish for all surfaces. 3. Unless specified or directed otherwise, provide "clear coat" finish over all exposed, finish painted surfaces with integral ultraviolet inhibitors. Unless otherwise directed by City, provide semi -gloss finish on all surfaces. A. Anti -Graffiti Coatings - General 1. Coatings shall consist of a solvent based, water resistant, highly durable application that can be sprayed, rolled or brushed onto any architectural or sign surface, such as concrete or aluminum. Once applied and cured, all coatings must also be impervious to damage by graffiti removers or cleaners. Coating and cleaner compatibility is paramount. The coating must come in low gloss or glossy and meet the following specifications as manufactured by Tradewinds International Inc, Ameron Coatings or approved substitution. 2. Anti -Graffiti Coatings - Application a. Protective Coating: Must be applied to clean, dry surface, bare or previously painted, including graffiti paint. No grease, oil, dirt, dust, silicon or any loose foreign material may be on the surface to be coated. 1) Cleaning protocols (1 a) Concrete - High-pressure water wash 1,500 psi or higher. Allow dry time. (1 b) Aluminum - Clean with solvent in small, manageable areas. All oil, grease, silicon, etc., must be adequately removed and the solvent completely evaporated before application. (1c) Painted Surfaces - Old paint should be chemically cleaned and etched with TSP or equivalent to remove oxidation, dirt, oil, grease, etc., and then properly dried before coating application. Testing for paint and coating compatibility is recommended. 3. Anti -Graffiti Coatings - Removal a. The graffiti remover must have the following characteristics be easily sprayable by trigger or pump applicator; be of sufficient thixotropic or gelatinous consistency to hang on vertical or overhead surfaces without running; rinse off easily with water; be completely biodegradable; be non- toxic; be non-flammable; contain no petroleum distillates; and contain no ingredients classified as hazardous by any state or federal agency. b. Spray affected area only. Use natural bristle brush or cloth to agitate compound into graffiti. Remove all material from surface with damp cloth or water spray, depending on surface. Repeat procedure if necessary. 3.6 FABRICATION - GENERAL A. It is intended that the workmanship be of the highest quality obtainable by the respective trades and crafts experienced in the fabrication of signs B. Finished work shall be of highest quality to pass eye -level examination and scrutiny. Scratches, paint drips or sags and other visual defects are not acceptable. C. Copy application: Sign copy shall be crisp, sharp, clean, and free from "ticks," discontinuous curves, line waver, and similar type imperfections. 1. Letterforms shall conform to prescribed proportions. 2. Whenever possible, messages shall be set full-size. Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.5 259 3. Letterforms shall be aligned so as to maintain a baseline parallel to sign format, with margins and layout as indicated on Design Drawings and approved shop drawings. D. Sign construction: 1. 2. 3. 4. Construct work to eliminate burrs, cutting edges, and sharp corners. Finish welds on exposed surfaces to be imperceptible in the finished work. Except as indicated or directed otherwise, finish surfaces smooth. Surfaces that are intended to be flat shall be without bulges, depressions, oil canning, or other physical deformities; use thicker materials or other means of stiffening or reinforcement to achieve intended results. 5. Surfaces that are intended to be curved shall be smoothly free -flowing to required shapes. 6. Parts indicated to be turned must be accurately machined/worked from solid stock to dimensions indicated or on approved shop drawings. Finished surfaces to be polished smooth unless otherwise indicated, free of any visible pits, voids, or similar defects. 7. Fabricate continuous, internal support/mounting systems required to adequately secure/support signs. Make provisions to allow for easy, quick removal for maintenance, etc. 8. Except where approved otherwise by City and Hunt Design, conceal fasteners. 9. Make signs tight fitting, between parts and sections, and with adjacent surfaces. Unless indicated otherwise, non -welded joints between various portions of signs must be weatherproof (for exterior signs) and have tight, hairline -type appearance, without gaps (varying or otherwise). Provide sufficient fastenings to preclude looseness, racking, or similar movement. 10. Make access panels and similar removable, external portions tight -fitting, weatherproof with adjacent surfaces. Provide access panels and removable portions occurring in overhead (i.e., greater than 6 feet above adjacent grade) locations with aircraft cable safety strap and attachments of design and type to withstand the dynamic loads imposed by falling weight of the access panels or removable portions without failure of cable safety strap or attachments nor damage to signs, including access panels and removable portions. 11. Exercise care to assure that finished surfaces are unblemished in completed Work. 12. Isolate dissimilar materials. Exercise particular care to isolate non-ferrous metals from ferrous metals, including fasteners. 13. Fabricating copy: Unless specifically indicated on Design Drawings otherwise, fabricate sign copy as follows. a. Cut-out copy: All letter and number cut-outs shall be made from material and gauge as indicated on Design Drawings. Cutting shall be done in such manner that edges and corners of finished letterforms will be sharp and true. Letterforms with nicked, cut, ragged, rounded (positive or negative) corners, and similar disfigurements will not be acceptable. 3.7 INSTALLATION — GENERAL A. Verify and stake the exact sign locations at on site walk-through with City at the job site for all sign locations which are not exactly dimensioned on the drawings. Notify City of any conditions that may adversely affect satisfactory installation of graphic elements. B. Underground Service Alert of California (DIGALERT) at (800) 227-2600 or 811, and utility companies shall be notified prior to performing any excavation close to any underground pipeline, conduit, duct, wire, or other structure. C. Except as indicated otherwise on the drawings, install prefabricated work plumb, level, square and true to line. D. Securely anchor work in proper location using anchors, anchorages, fasteners, or other methods approved on shop drawings. All anchors and fasteners shall be appropriate to the anchorage condition. E. Coordinate work and access to site with the City. F. Final adjustment and cleaning: 1. Touch-up all scratched, marred, abraded, or otherwise damaged surfaces to match original surfaces. 2. Clean-up work area after installation has been completed. 3.8 MATERIAL HANDLING A. Pack, wrap, crate, bundle, box, bag, or otherwise package, handle, transport, and store all fabricated work as necessary to provide protection from damage by every cause. B. Provide clear and legible identifying information on all product packaging to ensure proper on -site review and installation. 3.9 PROJECT CONDITIONS A. Protection: 1. Warning signs and other methods of protection must be sufficiently substantial to withstand normal, anticipated construction activities and are subject to City's approval. B. Sequencing/Scheduling: Coordinate fabrication, delivery, installation, field finishing and field -application, where applicable, of the work of this section, with progress of construction and City's schedule. 3.10 RESTORATION A. Damage due to negligence of the Contractor to surfaces or building components, shall be repaired and restored to its original condition by the Contractor at no extra cost to the City. Patch and paint around all cuts to match adjacent surfaces. B. Patch and paint around all cuts to match adjacent surfaces. Replace with ceiling, wall or floor tiles affected by the installation with new tiles. 3.11 INSPECTION A. City reserves the right to inspect work in the fabrication shop in progress and before it is shipped to the job site for installation. Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.6 260 B. Fabricator shall inspect installation locations for conditions that will adversely affect execution, performance and quality of work, and shall not proceed with installation until unsatisfactory conditions have been corrected. 3.12 SELECTIVE DEMOLITION A. Contractor to remove two existing monument signs at Long Beach Blvd and 105 EB & WB off -ramps, including all hardware, footings and structural members. Contractor to deliver existing monument signs to a storage location as directed by the City. B. Proper coordination for the shut-off of utility services and control measures for dust and noise must occur prior to commencement of any demolition work. Considerations must be given to on -going site activities in adjacent areas. In confined areas of selective demolition, install and maintain dust and noise control barriers to keep dirt, dust, and noise from being transmitted to adjacent areas. Remove these protection measures after demolition operations are completed. Unless otherwise noted, the Contractor shall fill and patch all grade openings and landscaping resulting from this demolition work with materials and finishes identical to adjacent materials and finished. END OF SECTION 101400 Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE General Specifications SHEET # 0.7 261 Fonts Arial Bold Minion Pro Medium Italic ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopgrstuvwxyz AB CDEFGHIJKLMNOPQRST UV WX YZ abcdefghijklmnopqrstuvwxyz Branding Elements Color & Material Palette Print & Digital Colors White Blue (powder Brushed Steel coating) (simulated with digital print powder coating) Concrete Natural Finish • Black (paint to match PMS black) Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 0 0 A SHEET TITLE Typography, Images, Colors SHEET # 0.8 262 EXISTING SIGN TO BE REMOVED AND EXISTING SIGN TO BE REMOVED AND STORED BY CITY FOR EVENTUAL RELOCATION STORED BY CITY FOR EVENTUAL RELOCATION LONG BEACH BLVD @ 105 WB OFFRAMP LONG BEACH BLVD @ 105 EB OFFRAMP LONG BEACH BLVD @ ORCHARD AVE „Wig ATLANTIC AVE @ MCMILLAN ST 0 ATLANTIC AVE @ ABBOTT RD LONG BEACH BLVD © TWEEDY BLVD IMPERIAL HWY @ STATE ST SIGN LOCATIONS PHOTOS IMPERIAL HWY @ ATLANTIC AVE SCALE: NO SCALE lnriranaAve r'weedy siva i:_,,,1 an I, [ I , 3 5'4, b co 5 c'n Bunch, M9idj k rpr sc errlrnol Ave L• ZC Q Missouri Ave 2 o c am `z a c x c M ,.;r a v s 4 Q taAve 9 c s ;1-7 rlsin Ave o n = tweedy r31vd 2 y A a u z d c C d N Oia Dr ,o y ' o .y., E en o' c MlchiganAve ,n gi y ✓ ry Tenaya Ave rn g P Norton Ave I. Los Flores Hive, Lynwood pa Frower S-•`, \C„ 0n 6 4 tf o r o, co .9 e. A G St z P clid4 n r' Sr 'Ave Q S W 2 Z CD 0. Lynroc•d Path ▪ Jose_ 17rne A9/1es Ave A*+otrRd > a ' r'mdleton Av 0 South Gate Park r•tnh wood 1x7 C Lti DialrAve U0 ,1 e Cv orrrJnoes. ilfalti0,4 v_ t' eel E Rosecrans Ave S�~�P �9r e e Cu of land 1' Q Q Clark St 1,l co '10 4r'c Wood Ave Irtdus trio' 0. a 1 4l RC General locations shown. Refer to Specifications Section 3.6 INSTALLATION — GENERAL regarding sign locations. LOCATION PLAN SCALE: NO SCALE LONG BEACH BLVD COIN SIGN TYPE MENU SECONDARY ATLANTIC AVE SCALE: NO SCALE TERTIARY IMPERIAL HWY Hunt 88 N. Fair Oaks Ave *105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE Location Photos, Location Plan, Sign Type Menu SHEET # 0.9 263 4'-4" 1'-0" 2'-4 1/2" rPRIV -1411 PLAN VIEW CONCEPT"B" PRIMARY MONUMENT P1 - LOCATIONS O "v NOTE: 1. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. 2. Inset aluminum logo ring with brushed finish and clear coat to be sealed with anti -graffiti coating on all exposed surfaces. 0Q SCALE: 1/2" = 1-0" Recessed exterior intense white LED wall wash lighting by Insight Lighting Co. or equivalent lighting manufacturer. 3" thick fabricated .125 aluminum "Pylon" panel with internal structural support and digitally printed powder coated finish on all sides. Mount panel to concrete panels with concealed stainless steel mechanical fasteners. Stencil cut "City of" and water tower logo in sign face. Open areas to be backed up with 1/8" thick aluminum background pieces, secured in place with concealed blind studs and fasteners. Powder coated finish on all exposed surfaces. 1 1/2" thick fabricated .125 aluminum reverse channel letters. Powder coated finish on all exposed surfaces. Blind pin mounted to panel. oncrete "Pylon" panel pieces poured in place with internal structural support and concrete reinforcements. Natural color and light sandblast finish. 3/4" deep inset shape matching logo shape and 1/4" deeper inset "EST. 1921" copy into back of logo inset. Paint filled on face and returns of copy. 1/2" thick flat cut out aluminum ring with brushed finish, etched and paint filled copy. Double clear coat finish over entire ring. Blind pin mounted to concrete. Brushed grain to follow ring shape on face and returns. Concrete base and footing poured in place with internal structural support and concrete reinforcements. Natural color and light sandblast finish on exposed surfaces. Size and shape of footing per Sign Contractor engmeenng. Recessed exterior intense white LED wall wash lighting by Insight Lighting Co. or equivalent lighting manufacturer. SIDE VIEW LOCATION ELEVATION SCALE: 1/8" = 1'-0" One piece cut access panel with digitally printed powder coated finish on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. Field Determined BACK VIEW Hunt 88 N. Fair Oaks Ave *105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 A A SHEET TITLE Primary Monument ID Elevations SHEET # 1.0 264 3" DETAIL 3" thick fabricated .125 aluminum "Pylon" panel with digitally printed powder coated graphic finish on all sides. One piece cut access panel with digitally printed powder coated finish on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. 1 1/2" square x heavy wall aluminum tube internal structure. Stencil cut "City of" and water tower logo in sign face. Open areas to be backed up with .125 aluminum background pieces, secured in place with concealed blind studs and fasteners. Powder coated finish on all exposed surfaces. One piece cut access panel with digitally printed powder coated finish on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. SCALE: HALF SIZE One piece cut access panel with countersunk tamperproof mechanical fasteners. Painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. 1 1/2" square x heavy wall aluminum tube internal structure. O N ' 1 1/2" deep" fabricated .125 aluminum reverse channel letters with powder coated finish on all sides. 1" x 1" x .125 aluminum angle clips, welded inside of letters. Stainless steel mechanical fasteners. 3" thick fabricated .125 aluminum "Pylon" panel with digitally printed graphic finish on all sides. 1 1/2" square x heavy wall aluminum tube internal structure. 1 1" x 1" x .125 aluminum angle clips, welded inside of letters. Stainless steel mechanical fasteners. DETAIL 3" thick fabricated .125 aluminum "Pylon" panel with digitally printed powder coated graphic finish on all sides. 1 1/2" thick fabricated .125 aluminum reverse channel letters. Powder coated finish on all exposed surfaces. Blind pin mounted to panel. SCALE: HALF SIZE O 2'-4 1/2" 1 1/2" x 1 1/2" x .250 aluminum mounting angles, welded into structural framing. Panel assembled and secured onto concrete panels with stainless steel expansion anchors. DETAIL SCALE: 3" = 1'-0" 1/4" deeper inset "EST. 1921" copy into back of inset. Paint filled on inset face and returns of copy. Concrete "Pylon" panel piece poured in place with 3/4" inset shape to match logo shape. Natural color and light sandblast finish. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. DETAIL 1-0" Concrete "Pylon" panel piece poured in place. Natural color and light sandblast finish. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. Denotes internal structural support / concrete steel reinforcements. O 1/2" thick flat cut out aluminum ring with brushed finish, etched and paint filled copy. Double clear coat finish over entire ring. Blind pin mounted to concrete. Brushed grain to follow ring shape on face and returns. Ring to be sealed with anti -graffiti coating on all exposed surfaces. SCALE: 3" = 1'-0" O Denotes internal structural support / concrete steel reinforcements. m io Hunt 88 N. Fair Oaks Ave #105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE Primary Monument ID Details SHEET # 1.1 265 4,-4" 1,7 PLAN VIEW kr CONCEPT"B" SECONDARY MONUMENT 3" thick fabricated .125 aluminum "Pylon" panel with internal structural support and digitally printed powder coated finsh on all sides. Mount panel to concrete panels with concealed stainless steel mechanical fasteners. 5'-9" Concrete panel pieces poured in place with internal structural support and concrete reinforcements. Natural color and light sandblast finish. Concrete base and footing poured in place with internal structural support and concrete reinforcements. Natural color and light sandblast finish on exposed surfaces. Size and shape of footing per Sign Contractor engineering. 4" 5'-1" 4" FRONT VIEW 3 2.1 1'-6" LOCATIONS O GO SCALE: 1/2" = 1'-0" Recessed exterior intense white LED wall wash lighting xby Insight Lighting Co. or equivalent lighting manufacturer. 3/4" deep inset shape matching logo shape and 1/4" deeper inset "EST. 1921" copy into back of logo inset. Paint filled on face and returns of copy. 1/2" thick flat cut out aluminum ring with brushed finish, etched and paint filled copy. Double clear coat finish over entire ring. Blind pin mounted to concrete. Brushed grain to follow ring shape on face and returns. Stencil cut "City of" and water tower logo in sign face. Open areas to be backed up with 1/8" thick aluminum background pieces, secured in place with concealed blind studs and fasteners. Powder coated finish on all exposed surfaces. 1" thick flat cut out aluminum letters. Powder coated finish on all exposed surfaces. Blind pin mounted to panel. Recessed exterior intense white LED wall wash lighting by Insight Lighting Co. or equivalent lighting manufacturer. LOCATION ELEVATION SCALE: 1/8" = 1'-0" NOTE: 1. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. 2. Inset aluminum logo ring with brushed finish and clear coat to be sealed with anti -graffiti coating on all exposed surfaces. One piece cut access panel with digitally printed powder coated finsh on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. Field Determined SIDE VIEW BACK VIEW Hunt 88 N. Fair Oaks Ave *105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 A A SHEET TITLE Secondary Monument ID Elevations SHEET # 2.0 266 ih 3" -, DETAIL 3" thick fabricated .125 aluminum "Pylon" panel with digitally printed powder coated graphic finish on all sides. One piece cut access panel with digitally printed powder coated finish on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. 1 1/2" square x heavy wall aluminum tube internal structure. Stencil cut "City of" and water tower logo in sign face. Open areas to be backed up with .125 aluminum background pieces, secured in place with concealed blind studs and fasteners. Powder coated finish on all exposed surfaces. One piece cut access panel with digitally printed powder coated finish on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. DETAIL SCALE: HALF SIZE One piece cut access panel with countersunk tamperproof mechanical fasteners. Painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. I>� 1" thick flat cut out aluminum letters with powder coated finish on all sides. Blind pin mounted to face of panel. 1 1/2" square x heavy wall — aluminum tube internal structure. O 1" thick flat cut out aluminum letters with powder coated finish on all sides. Blind pin mounted to face of panel. 3" thick fabricated .125 aluminum "Pylon" panel with digitally printed graphic finish on all sides. 1 1/2" square x heavy wall aluminum tube internal structure. —T 3" thick fabricated .125 aluminum "Pylon" panel with digitally printed powder coated graphic finish on all sides. SCALE: HALF SIZE O 1 1/2" x 1 1/2" x .250 aluminum mounting angles, welded into structural framing. Panel assembled and secured onto concrete panels with stainless steel expansion anchors. DETAIL SCALE: 3" = 1'-0" 1/4" deeper inset "EST. 1921" copy into back of inset. Paint filled on inset face and returns of copy. Concrete "Pylon" panel piece poured in place with 3/4" inset shape to match logo shape. Natural color and light sandblast finish. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. DETAIL Concrete "Pylon" panel piece poured in place. Natural color and light sandblast finish. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. Denotes internal structural support / concrete steel reinforcements. O Denotes internal structural support / concrete steel reinforcements. 1/2" thick flat cut out aluminum ring with brushed finish, etched and paint filled copy. Double clear coat finish over entire ring. Blind pin mounted to concrete. Brushed grain to follow ring shape on face and returns. Ring to be sealed with anti -graffiti coating on all exposed surfaces. SCALE: 3" = 1'-0" O (0 Hunt 88 N. Fair Oaks Ave *105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE Secondary Monument ID Details SHEET # 2.1 267 3.1 3.1 M 0 v wwM M N 0 CONCEPT "B" FRONT VIEW TERTIARY MONUMENT 3.1 Stencil cut "City of and water tower logo in sign face. Open areas to be backed up with 1/8" thick aluminum background pieces, secured in place with concealed blind studs and fasteners. Powder coated finish on all exposed surfaces. 1" 1" thick flat cut out aluminum letters. Powder coated finish on all exposed surfaces. Blind pin mounted to panel. 1'-3 1/2" X 1'-3 1/2" fabricated .125 aluminum "Pylon" panel with internal structural support and digitally printed powder coated finsh on all sides. Mount panel onto concrete base and embedded structural pole with concealed stainless steel mechanical fasteners. NOTE: All concrete to have anti -graffiti coating on all exposed surfaces. Structural steel pole embedded into concrete base and footing per Sign Contractor engineering. Issolate dissimilar metals. Painted black finish. Concrete base and footing poured in place with internal structural support and concrete reinforcements. Natural color and light sandblast finish on exposed surfaces. Size and shape of footing per Sign Contractor engineering. LOCATIONS SCALE: 1/2" = 1'-0" f SIDE VIEW ±71/4"-TYP. One piece flat cut out access panel with digitally printed powder coated finsh on all sides. Countersunk tamperproof mechanical fasteners, painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. BACK VIEW LOCATION ELEVATION (STREET SIDE) SCALE: 1/8" = 1-0" Face of curb. --1 2'-0" Minimum 1'-3 1/2" PLAN VIEW (PAVEMENT SIDE) Hunt 88 N. Fair Oaks Ave *105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 A A SHEET TITLE Tertiary Monument ID Elevations SHEET # 3.0 268 1'-3 1/2" DETAIL 1'-3 1/2" X 1'-3 1/2" fabricated .125 aluminum "Pylon" panel with digitally printed powder coated graphic finish on all sides. 1 1/2" x 1 1/2" x .125 aluminum angle frame structure. Stencil cut "City of" and water tower logo in sign face. Open areas to be backed up with .125 aluminum background pieces, secured in place with concealed blind studs and fasteners. Powder coated finish on all exposed surfaces. DETAIL SCALE: HALF SIZE O 1 1/2" x 1 1/2" x .125 aluminum angle frame structure. 1" thick flat cut out aluminum letters with powder coated finish on all sides. Blind pin mounted to face of panel. 1'-3 1/2" X 1'-3 1/2" fabricated .125 aluminum "Pylon" panel with internal structural support and digitally printed powder coated finsh on all sides. Mount panel onto concrete base and embedded structural pole with concealed stainless steel mechanical fasteners. ± 5" 0 Structural steel pole embedded into concrete base and footing per Sign Contractor engineering. Issolate dissimilar metals. Pole painted black finish. 1'-3 1/2" X 1'-3 1/2" fabricated .125 aluminum "Pylon" panel with digitally printed powder coated graphic finish on all sides. SCALE: HALF SIZE O 1' x 1" x .125 aluminum clips welded into framing structure. 1 1/2" x 1 1/2" x .125 aluminum angle frame structure. One piece flat cut out access panel with countersunk tamperproof mechanical fasteners. Painted to match adjacent surface. Removable panel to be inlaid and not overlap returns of panel. No visible seams from side view. No visible gaps or waviness between returns and back. -Hairline seam. • DETAIL O SCALE: 3" = 1'-0" Stainless steel thru bolts. Size and spacing per Sign Contractor's engineering. Concrete base and footing poured in place with internal structural support and concrete reinforcements. Natural color and light sandblast finish on exposed surfaces. Size and shape of footing per Sign Contractor engineering. All concrete to be sealed with anti -graffiti coating on all exposed surfaces. Hunt 88 N. Fair Oaks Ave *105 Pasadena, CA 91103 626.793.7847 HUNT DESIGN PROJECT Citywide Monument ID's CLIENT City of Lynwood DATE JUNE 30, 2023 SHEET TITLE Tertiary Monument Details SHEET # 3.1 269 City of Lynwood Lynwood Citywide Monuments PROJECT NO. 4011.68.117 Public Works Department Bid Due Date: December 5th, 2023 10:00 AM 270 Oscar Flores MAYOR Rita Soto Jose Luis Solache Mayor Pro-Tempore Council Person Gabriela Camacho Juan Munoz -Guevara Council Person Council Person Ernie Hernandez City Manager Julian Lee, P.E. Director of Public Works Mir T. Fattahi, MsCE, P.E. Acting City Engineer, City of Lynwood ►1 271 CITY OF LYNWOOD PUBLIC WORKS DEPARTMENT CONTRACT DOCUMENTS FOR CONSTRUCTION OF Lynwood Citywide Monuments IN THE CITY OF LYNWOOD, CALIFORNIA KEY DATES Release Date: Last Date to Submit Questions: RFI Response Posted Proposals Due Date: City Council Awarding Date: Wednesday, November 8, 2023 November 22, 2023 — 5:00pm (PST) November 28, 2023 — 5:00pm (PST) December 5, 2023 — 10:00am (PST) December 21, 2023 (TBD) 111 272 CITY OF LYNWOOD CONTRACT DOCUMENTS TABLE OF CONTENTS PART 1 -- BIDDING AND CONTRACTUAL DOCUMENTS AND FORMS Section 1.1 Notice Inviting Bids 1.2 Instructions to Bidders 1.3 Bid Documents 1.3.1 Bid (Proposal and Workers' Compensation Certificate) 1.3.2 Bid Schedule 1.3.3 List of Subcontractors 1.3.4 Anti -Trust Claim 1.3.5 Non -Collusion Affidavit 1.3.6 Bid Bond (Bid Security Form) 1.3.7 Bidder's General Information 1.3.8 Bidder's Insurance Statement 1.4 Agreement and Bonds 1.4.1 Agreement Form 1.4.2 Performance Bond 1.4.3 Payment Bond 1.4.4 Certificates/Proof of Insurance and Endorsements PART 2 -- SPECIAL PROVISIONS Section 2.1 General, Terms, Definitions, Abbreviations, and Symbols 2.2 Scope of the Work 2.3 Control of the Work 2.4 Control of Materials 2.5 Legal Relations and Responsibilities 2.6 Prosecution and Progress of the Work 2.7 Measurement and Payment 2.8 Facilities for Agency Personnel 2.9 Construction Details (Materials and Methods) PART 3 -- TECHNICAL PROVISIONS PART 4 -- APPENDICES Section 4.1 Appendix A — Department of Industrial Relations (DIR) Contractor Registration Number Form 4.2 Appendix B - Contract Change Order (CCO) Form 4.3 Appendix C — Substitution Request Form 4.4 Appendix D — Labor Code Sections 1771, 1775, 1777.5, 1813 and 1815 4.5 Appendix E — Engineering Plans (Contract Drawings) iv 273 CITY OF LYNWOOD PUBLIC WORKS DEPARTMENT PART 1 - BIDDING AND CONTRACTUAL DOCUMENTS AND FORMS Lynwood Citywide Monuments CITY OF LYNWOOD Section Section 1.1 Notice Inviting Bids 1.2 Instructions to Bidders 1.3 Bid Documents 1.3.1 Bid (Proposal and Workers' Compensation Certificate) 1.3.2 Bid Schedule 1.3.3 List of Subcontractors 1.3.4 Anti -Trust Claim 1.3.5 Non -Collusion Affidavit 1.3.6 Bid Bond (Bid Security Form) 1.3.7 Bidder's General Information 1.3.8 Bidder's Insurance Statement 1.4 Agreement and Bonds 1.4.1 Agreement Form 1.4.2 Performance Bond 1.4.3 Payment Bond 1.4.4 Certificates/Proof of Insurance and Endorsements **************** 274 CITY OF LYNWOOD 1.1 NOTICE INVITING BIDS Lynwood Citywide Monuments 1.1.1 NOTICE IS HEREBY GIVEN that bids for the LYNWOOD CITYWIDE MONUMENTS PROJECT will be received electronically by the City of Lynwood, 11330 Bullis Road, Lynwood, California 90262 until December 5, 2023 at 10:00 A.M., at which time they will be published on PlanetBids. The form of the bids shall be in accordance with the Instructions to Bidders, and any bids received after the time and date specified above will not be accepted. The Contractor is required to submit an "eBid" through the PlanetBids online platform. All Questions should addressed to the attention of Mr. Mir T. Fattahi (Acting City Engineer) on PlanetBids by November 22, 2023 at 5:00 P.M. 1.1.2 WITHDRAWAL OF BIDS. No Bidder shall withdraw its bid for a period of sixty (60) days after the Bids have been publicly opened, subject to the exceptions set forth in Section 5103 of the California Public Contract Code. This sixty (60) day review period may be extended upon the written request of the City Engineer, and written approval of the affected Bidders. 1.1.3 DESCRIPTION OF THE WORK: The Work encompassed by the Project is more specifically defined in the Contract Documents, but in general consists of, but is not limited to, the following Work: the structural design and preparation of shop drawings, fabrication of monuments using appropriate materials, removal of existing monuments, and the installation of newly fabricated monuments. The Work is to be completed before the expiration of SIXTY (60) CALENDAR DAYS from the date specified in a written "Notice to Proceed" from the City. The Engineer's Cost Estimate is $380,000. 1.1.4 AWARD OF CONTRACT: (a) The City of Lynwood will award the Contract to the lowest responsible Bidder submitting a responsive Bid. Whenever additive or deductive items are included in a bid, the lowest bid shall be the lowest Total Bid Price on the Base Bid without consideration of the bid prices on any additive or deductive items. The City of Lynwood reserves the right to reject any or all bids or to waive any irregularities or informalities in any bids or in the bidding process to the extent permitted by law. (b) As a condition of award, the successful bidder will be required to submit material data submittals payment and performance bonds and proof of insurance and endorsements as specified in the Contract Documents. 1.1.5 BID SECURITY: Each bid shall be accompanied by a certified or cashier's check or Bid Bond in the amount of ten percent (10%) of the Total Bid Price, payable to the City of Lynwood. 1.1.6 CONTRACTOR'S LICENSE CLASSIFICATION: The Contractor shall possess a valid, unexpired Class A General Engineering Contractor license approved by the State of California Contractors State License Board at the time of submitting bids. 1.1.7 CALIFORNIA WAGE RATE REQUIREMENTS: The Contractor and all subcontractors shall pay the general prevailing rate of per diem wages as determined by the Director of the Department of Industrial Relations of the State of California for the locality where the work is to be performed. A copy of said wage rates and the latest revisions thereto are on file at the City Engineer's Office of the City of Lynwood located at 11330 Bullis Road, Lynwood, California 90262. The Contractor and any subcontractors shall pay not less than said specified rates and shall post a copy of said wage rates at the project site. vi 275 1.1.7a NOTICE REQUIREMENTS a. No contractor or subcontractor may be listed on a bid proposal for a public works project unless registered with the Department of Industrial Relations pursuant to Labor Code section 1725.5 [with limited exceptions from this requirement for bid purposes only under Labor Code section 1771.1(a)]. b. No contractor or subcontractor may be awarded a contract for public work on a public works project unless registered with the Department of Industrial Relations pursuant to Labor Code section 1725.5. c. This project is subject to compliance monitoring and enforcement by the Department of Industrial Relations. d. The contractors and subcontractors must furnish electronic certified payroll records to the Labor Commissioner each time a request for payment is made to the City. 1.1.8 RETAINAGE FROM PAYMENTS: The Contractor may elect to receive 100 percent of payments due under the Contract Documents from time to time, without retention of any portion of the payment by the City by depositing securities of equivalent value with the City in accordance with the provisions of Section 22300 of the Public Contract Code. 1.1.9 PRE -BID VISIT TO WORK SITE: Bidders are encouraged to visit work sites. 1.1.10 OBTAINING OR INSPECTING CONTRACT DOCUMENTS: (a) All documents required for the review of Contractors to submit a valid and responsive bid are contained within this set of Contract Documents.. 1.1.11 SUBMITING BID ON PLANETBIDS The Contractor is required to submit an "eBid" through the PlanetBids online platform. It is the Contractor's responsibility to ensure that the most complete and current version of the solicitation, including addenda, has been downloaded. BY ORDER OF THE CITY COUNCIL, CITY OF LYNWOOD, CALIFORNIA Maria Quindnez, CITY CLERK Date: November 8, 2023 City of Lynwood Mir T. Fattahi, MsCE, P.E. Acting City Engineer vii 276 CITY OF LYNWOOD 1.2 INSTRUCTIONS TO BIDDERS 1.2.1 DEFINED TERMS - Terms used in these Instructions to Bidders and the Notice Inviting Bids and not defined herein shall have the meanings assigned to them in the General Provisions of the Standard Specifications for Public Works Construction (the "Greenbook") latest Edition and the Special Provisions of the Contract Documents. The term "Bidder" shall mean one who submits a Bid directly to the City of Lynwood as distinct from a sub -bidder, who submits a Bid to a Bidder. The term "Engineer" shall be as defined in the Special Provisions. "Bid Documents" shall consist of those documents listed in Section 1.3 hereof. 1.2.2 COMPETENCY OF BIDDERS - In selecting the Lowest Responsible Bidder under the procedure set forth in Subsection 1.2.18 of these Instructions, consideration will be given not only to the financial standing of the Bidder, but also to the general competency of the Bidder for the performance of the Work covered by the Bid. To this end, each Bid shall be supported by a statement of the Bidder's recent experience on the form entitled "Bidder's General Information," bound herein. Resumes of key construction personnel who will be assigned to the Work shall also be required. Except as otherwise provided under Public Contract Code §20103.5, no Bid for the Work will be accepted from a contractor who does not hold a valid contractor's license in the State of California for the classifications named in the Notice Inviting Bids at the time of opening Bids. 1.2.3 DISQUALIFICATION OF BIDDERS - More than one Bid from an individual, firm, partnership, corporation, or association under the same or different names will not be considered. If the City believes that any Bidder is interested in more than one Bid for the Work contemplated, all Bids in which such Bidder is interested will be rejected. If the City believes that collusion exists among the Bidders, all Bids will be rejected. 1.2.4 BIDDER'S EXAMINATION OF CONTRACT DOCUMENTS AND THE SITE - (a) It is the responsibility of each Bidder before submitting a Bid to examine the Contract Documents thoroughly; visit the site to become familiar with local conditions that may affect cost, progress, or performance of the Work; consider federal, state, and local laws and regulations that may affect cost, progress, or performance of the Work; study and carefully correlate the Bidder's observations with the Contract Documents; and notify the Engineer of all conflicts, errors, or discrepancies noted in the Contract Documents. (b) Reference is made to the Special Provisions for identification of those reports of explorations and tests of subsurface conditions at the site which may have been utilized by the Engineer in the preparation of the Contract Documents. However, such reports are NOT a part of the Contract Documents. The interpretation of such technical data, including any interpolation or extrapolation thereof, together with non -technical data, interpretations, and opinions contained therein or the completeness thereof is the responsibility of the Bidder. (c) Copies of such reports and drawings will be made available for inspection by the City to any Bidder upon request. Those reports and drawings are NOT part of the Contract Documents, but any technical data contained therein upon which the Bidder is entitled to rely is limited to that set forth in the Special Provisions. (d) Subject to the provisions of Section 4215 of the California Government Code, information and data reflected in the Contract Documents with respect to underground utilities at or contiguous to the site is based upon information and data furnished to the City and the Engineer by the owners of such underground utilities or others, and the City does not assume responsibility for the accuracy or completeness thereof unless it is expressly provided otherwise in the Special Provisions. (e) Provisions concerning responsibilities for the adequacy of data furnished to prospective Bidders on subsurface conditions, underground utilities and other physical conditions, and possible changes in the Contract Documents due to differing conditions appear in the Standard Specifications and Special Provisions. (f) Before submitting a Bid, each Bidder must, at Bidder's own expense, make or obtain any additional examinations and investigations which pertain to the physical conditions (surface, subsurface, and underground utilities) at or contiguous to the site or which otherwise may affect cost, progress, or performance of the Work and which the Bidder deems necessary to determine its Bid for performing the Work in accordance with the time, price, and other terms and conditions of the Contract Documents. (g) Where feasible, upon request in advance, the City will provide each Bidder access to the site to conduct such investigations and tests as each Bidder deems necessary for submittal of a Bid. The Bidder shall fill all exploration and test holes made by the Bidder and shall repair damage, clean up, and restore the site to its former condition upon completion of such exploration. (h) The lands upon which the Work is to be performed, the rights -of -way and easements for access thereto, and other lands designated for use by the Contractor in performing the Work are identified in the Plans (Contract viii 277 Drawings) of the Contract Documents. All additional lands and access thereto required for temporary construction facilities or storage of materials and equipment are to be provided by the Contractor. Easements for permanent structures or permanent changes in existing structures will be obtained and paid for by the City unless otherwise specified in the Contract Documents. (i) The submittal of a Bid will constitute an incontrovertible representation by the Bidder that the Bidder has complied with every requirement of this Section; that without exception the Bid is premised upon performing the Work required by the Contract Documents and such means, methods, techniques, sequences, or procedures of construction as may be indicated in or required by the Contract Documents; and that the Contract Documents are sufficient in scope and detail to indicate and convey understanding of all the terms and conditions for performance of the Work. 1.2.5 INTERPRETATIONS - All questions about the meaning or intent of the Contract Documents shall be in writing and hand -delivered or mailed to the Engineer at the City of Lynwood, Public Works Dept., 11330 Bullis Road, Lynwood, California 90262. Faxes and e -mails will not be accepted. Interpretations or clarifications considered necessary by the Engineer in response to such questions will be resolved by the issuance of Addenda mailed or hand -delivered to all parties recorded by the Engineer or the City as having received the Contract Documents. Questions received less than 7 days prior to the date of opening Bids may not be answered. Only questions that have been resolved by formal written Addenda will be binding. Oral and other interpretations or clarifications will be without legal or contractual effect. 1.2.6 SUBMITTAL OF BIDS — The contractor is required to submit an "eBid" through the PlanetBids online platform. It is the Bidder's sole responsibility to see that its Bid is received in proper time. Bids will not be accepted after the appointed time for opening bids, no matter what the reson. 1.2.7 NON -RESPONSIVE BIDS — Non -responsive bids will be rejected. A bid shall be considered non -responsive for reasons including, but not limited to, the following: 1. The Bidder fails to furnish a price for all Bid Items in the Bid Schedule when there is more than one Bid Item in the Bid Schedule. 2. The Bidder attaches unauthorized modifications, conditions, limitations, or provisions to the Bid. 3. The Bidder fails to list the percentage of work to be performed by subcontractors. 4. The percentage of work to be performed by subcontractors exceeds 50% of the Total Bid Price. 5. The Bidder fails to attend a required pre -bid walk-through. 6. The Bidder fails to provide written acknowledgement of receipt of all Bid Addenda. 7 Other reasons as permitted by applicable law. A bid may be considered non -responsive for reasons including, but not limited to the following: The Bidder fails to complete all items in Subsection 1.3.7 of the Bid Documents, Bidder's General Information. 1.2.8 DISCREPANCIES IN BIDS - In the event that there is more than one Bid Item in the Bid Schedule, the Bidder shall furnish a price for all Bid Items in the Bid Schedule, and failure to do so shall render the Bid non -responsive and shall cause its rejection. In the event that there are Unit Price Bid Items in a Bid Schedule and the Item Amount listed for a Unit Price Bid Item does not equal the product of the Unit Price and the Estimated Quantity listed, the Unit Price shall govern, and the Item Amount will be adjusted accordingly. In the event that there is more than one Bid Item in a Bid Schedule and the amount listed in the "Total Bid Price for Unit Price Bid Schedule" box does not agree with the sum of prices listed in the "Item Amount" column, the prices listed in the "Item Amount" column on the Bid Schedule shall govern, and the amount listed in the "Total Bid Price for Unit Price Bid Schedule" box will be adjusted accordingly. The Contractor shall be bound by the foregoing adjustments, subject to the provisions of Section 5100 et seq. of the California Public Contract Code. 1.2.9 QUANTITIES OF WORK - (a) The quantities of work or materials stated in unit price items of the Bid are supplied only to give an indication of the general scope of the Work; the City does not expressly or by implication agree that the actual amount of work or materials will correspond therewith. (b) In the event of an increase or decrease in the quantity of a unit price bid item, the total amount of work actually done or materials or equipment furnished shall be paid for according to the unit prices established for such work under the Contract Documents; provided, that for unit price items, increases of more than 25 percent, decreases of more than 25 percent, and eliminated items shall be adjusted as provided in Section 3 of the Standard Specifications and Special Provisions. 1.2.10 WITHDRAWAL OF BID - The Bid may be withdrawn by the Bidder by means of a written request, signed by the Bidder or its properly authorized representative. Such written request must be delivered to the place stipulated in the Notice Inviting Bids prior to the scheduled closing time for receipt of Bids. ix 278 1.2.11 RELIEF OF BIDDERS. — A Bidder shall be permitted to withdraw a Bid after the opening of Bids only if the bidder established to the satisfaction of the Engineer, all of the elements set forth in Section 5103 of the California Public Contract Code, including, but not limited to the following: 1. A clerical error was made by the Bidder in filling out the Bid, and the error was not due to error in judgment or carelessness in inspecting the site of the Work, or in reading the Plans or Specifications. 2. The clerical error caused the Bid to be materially different than the Bidder intended the Bid to be. 3. The Bidder gave the City Clerk written notice within five (5) days after the opening of Bid of the mistake, specifying in detail the nature of the mistake and how the mistake occurred. 1.2.12 MODIFICATIONS - The completed Bid forms shall be without interlineations, alterations, or erasures. Oral, FAX, telegraphic, e-mail, or telephone Bids or modifications will not be considered. 1.2.13 LIQUIDATED DAMAGES - Provisions for Liquidated Damages, if any, shall be as set forth in the Agreement and the Special Provisions. 1.2.14 SUBSTITUTE OR "OR -EQUAL" ITEMS - The Work, if awarded, will be on the basis of materials and equipment described in the Plans or specified in the Special Provisions without consideration of possible substitute or "or -equal" items. Whenever it is indicated in the Plans or specified in the Special Provisions that a substitute or "or -equal" item of material or equipment may be furnished or used by the Contractor if acceptable to the Engineer, data substantiating a request for a substitution of an "or equal" item or items will not be considered by the Engineer until after the Effective Date of the Agreement. The procedure for submittal of any such application by the Contractor and consideration by the Engineer is set forth in Section 4 of the Standard Specifications, as amended by Section 2.4 of the Special Provisions. The form in Appendix D of the Contract Documents shall be used to request substitutions. 1.2.15 DETERMINATION OF LOWEST RESPONSIBLE BIDDER — (a) The Engineer shall first establish the "Apparent Lowest Bidder," using the Total Bid Price set forth in the applicable Bid Schedule(s), subject to the calculation adjustment criteria set forth in Section 1.2.11 of these Instructions. (b) After the Apparent Lowest Bidder has been established, the Engineer shall review the balance of the Bid Documents submitted by the Apparent Lowest Bidder to ascertain if that Bidder's bid is responsive. In general, a bid is considered responsive if it has been completed and submitted in accordance with all of the requirements of the Bid Documents, Notice Inviting Bids, Instructions to Bidders, Special Provisions and any Bid Addenda. (c) If the Bid submitted by the Apparent Lowest Bidder is responsive, that Bidder's qualifications will be reviewed by the Engineer to ascertain if the Bidder is responsible. A responsible bidder is one who has demonstrated the attribute of trustworthiness, as well as quality, fitness, capacity, and experience to satisfactorily perform the Work required by the Contract Documents. Consideration will be given to the quality and performance of work on past contracts, including previous work (if any) performed by the Bidder for the City. (d) If the Engineer ascertains that the Apparent Lowest Bidder is responsible and has submitted a responsive bid, the Engineer shall report his findings to the City Council with a recommendation that the Bidder be awarded the contract for the work as the Apparent Lowest Responsible Bidder. (e) Should the Engineer determine that the Bid submitted by the Apparent Lowest Bidder is not responsive or that such Bidder is not responsible, the Engineer shall review the responsiveness and responsibility of the next Apparent Lowest Bidder. This process shall continue until an apparent Lowest Responsible Bidder is determined and the Engineer's findings and recommendations for award are reported to the City Council. If one or more Apparent Lowest Bidders are found by the Engineer to be non -responsive or non - responsible, those bidders shall be notified and given a reasonable opportunity to present additional relevant evidence bearing on their responsibility or bid responsiveness within seven (7) calendar days after the Bidder(s) receive such notice. (f) Determinations and findings of the Engineer shall be reported as recommendations to the City Council. The City Council reserves the right reject any or all bids, and to waive any informalities or irregularities to the extent permitted by law. 1.2.16 BID PROTEST PROCEDURES — (a) Any protest of a proposed award to the Apparent Lowest Bidder must be submitted in writing to the City Engineer no later than 5:00 p.m. on the third (3rd) business day following the date of the bid opening. x 279 (b) The initial protest must contain a complete statement of the basis for the protest. The protest must state the facts and refer to the specific portion of the document or the specific statute that forms the basis for the protest. The protest must include the name, address, and telephone number of the protesting party and the name, address and telephone number of any person representing the protesting party. (c) The party filing the protest must concurrently transmit a copy of the initial protest to the Apparent Lowest Bidder. (d) The party filing the protest must have actually submitted a bid on the project. A subcontractor of a party filing a bid on this project may not submit a Bid Protest. A party may not rely on the Bid Protest submitted by another bidder, but must timely pursue its own protest. (e) The procedure and time limits set forth in this Section are mandatory and are the bidder's sole and exclusive remedy in the event of a Bid Protest. A Bidder's failure to fully comply with these procedures shall constitute a waiver of any right to further pursue the Bid Protest, including filing of a challenge of the award pursuant to the California Public Contract Code, filing of a claim pursuant to the California Government Code, or filing of any other legal proceedings. (f) (g) The City shall review all timely protests prior to award of the Bid by the City Council. The City shall not be required to hold an administrative hearing to consider a timely protest, but may do so at the option of the Engineer, or if otherwise legally required. At the time of the City Council's consideration of the recommendation for award of the bid, the City Council shall also consider the merits of any timely protests and the Engineer's recommendation thereon. The City Council may either accept the protest and award the bid to the next Lowest Responsible Bidder, or reject the protest and award to the Lowest Responsible Bidder. Nothing in this Section shall be construed as a waiver of the City Council's right to reject all bids. 1.2.17 AWARD OF CONTRACT - Award of Contract, if it is awarded, shall be made to the Lowest Responsible Bidder as determined by the City Council, and a Notice of Award shall be sent to such Bidder. Unless otherwise specified, any such award will be made within the period stated in the Notice Inviting Bids that the Bids are to remain open, unless extended by mutual agreement of the bidders. Unless otherwise indicated, a single award will not be made for less than all the Bid Items of an individual Bid Schedule. In the event the Work is contained in more than one (1) Bid Schedule, the City may award schedules individually or in combination. In the case of two (2) or more Bid Schedules which are alternative to each other, only one of such alternative schedules will be awarded. Once the award is made, the successful Bidder shall secure all insurance, and shall furnish all proof of insurance/certificates with original endorsements attached and bonds required by the Contract Documents within ten (10) calendar days after receipt of the Notice of Award from the City. Failure to provide City with the required bonds, insurance coverage, proof of insurance and/or endorsements within ten (10) calendar days of receipt of the Notice of Award may result in withdrawal of award and forfeiture of the Bidder's Bid Security. 1.2.18 EXECUTION OF AGREEMENT - The Bidder to whom the proposed award is to be made shall execute a written agreement with the City in the form of Agreement set forth in Subsection 1.4.1 of the Contract Documents within ten (10) calendar days after receipt of the Agreement form from the City. Failure or refusal to enter into an Agreement as herein provided or failure to conform to any of the stipulated requirements in connection therewith shall be just cause for an annulment of the proposed award and forfeiture of the Bid Security. If the lowest responsible bidder refuses or fails to execute the Agreement, the City may award the Contract to the second lowest responsible Bidder. If the second lowest responsible Bidder refuses or fails to execute the Agreement, the City may award the Contract to the third lowest responsible Bidder. On the failure or refusal of such second or third lowest responsible bidder to execute the Agreement, each such bidder's Bid Security shall be likewise forfeited to the City. 1.2.19 WORKER'S COMPENSATION REQUIREMENT - The Bidder should be aware that in accordance with the laws of the State of California, the Bidder will, if awarded the Contract, be required to secure the payment of compensation to its employees pursuant to the Worker's Compensation Certification executed by Bidder as part of the Bid Proposal. - END OF INSTRUCTIONS TO BIDDERS - xi 280 1.3 BID DOCUMENTS The following listed documents, identified in the lower right corner as "Bid Document", shall be fully executed and submitted with the Bid prior to the time of the opening of Bids. 1.3.1 Bid (Proposal and Workers' Compensation Certificate) 1.3.2 Bid Schedule(s) 1.3.3 List of Subcontractors 1.3.4 Anti -Trust Claim 1.3.5 Non -Collusion Affidavit 1.3.6 Bid Bond (Bid Security Form) 1.3.7 Bidder's General Information 1.3.8 Bidder's Insurance Statement Failure of a Bidder to fully execute and submit all of the listed documents with the Bid may result in the Bid being rejected as non -responsive. 1 281 1.3.1 B I D (PROPOSAL AND WORKERS' COMPENSATION CERTIFICATE) BID TO: CITY OF LYNWOOD, CALIFORNIA The undersigned Bidder proposes and agrees, if this Bid is accepted, to enter into an agreement with the City in the form of agreement included in Subsection 1.4.1 of the Contract Documents (the "Agreement") to perform the Work as specified or indicated in said Contract Documents entitled: LYNWOOD CITYWIDE MONUMENTS CITY OF LYNWOOD Bidder accepts all of the terms and conditions of the Contract Documents, including without limitation those in the Notice Inviting Bids and the Instructions to Bidders dealing with the disposition of the Bid Security. This Bid will remain open for the period stated in the Notice Inviting Bids, unless otherwise required by law. Bidder will enter into the Agreement within the time and in the manner required in the Instructions to Bidders, and will furnish the proof of insurance/certificates, insurance endorsements, Payment Bond, Performance Bond, and all Licenses and Permits within the time and in the manner required by the Contract Documents. Bidder has examined copies of all the Contract Documents, including the following ADDENDA (receipt of which is hereby acknowledged): Number 1 Date Number 2 Date Number 3 Date Number 4 Date Number 5 Date Number 6 Date Bidder has familiarized itself with the nature and extent of the Contract Documents, the Work, the site, the locality where the Work is to be performed, the legal requirements (federal, state, and local laws, ordinances, rules, and regulations), and the conditions affecting cost, progress, or performance of the Work, and has made such independent investigations as Bidder deems necessary. 2 282 In conformance with the current statutory requirements of California Labor Code Section 1860, et seq., the undersigned confirms the following as its certification: I am aware of the provisions of Section 3700 of the Labor Code, which require every employer to be insured against liability for Workers' Compensation or to undertake self-insurance in accordance with the provisions of that Code, and I will comply with such provisions before commencing the performance of the Work of this Contract. Attached hereto are the following completed and fully -executed documents: (1) Bid Schedule "A" consisting of one (1) page; (2) List of Subcontractors; (3) Anti -Trust Claim; (4) Non -Collusion Affidavit; (5) Bidder's General Information; and (6) Bidder's Insurance Statement. Bidder agrees to complete the Work required under the Contract Documents within the time stipulated in said Contract Documents, and to accept as full payment therefor the Total Bid Price based on the Lump Sum or Unit Bid Price(s) set forth in the attached Bid Schedule(s). I hereby certify under penalty of perjury under the laws of the State of California that all of the information submitted in connection with this Bid and all of the representations made herein are true and correct. Dated: Bidder: By: (Signature of Bidder's Authorized Representative) Title: 3 283 1.3.2 UNIT PRICE BID SCHEDULE (Page 1 of 1) LYNWOOD CITYWIDE MONUMENTS CITY OF LYNWOOD Item No. Unit Price Bid Item Estimated Quantity Unit Unit Price Item Amount 1 Mobilization / Demobilization 1 LS $ $ 2 Traffic Control 1 LS $ $ 3 Furnish and install 10'-8"' x 5'-4" Fabricated Aluminum and concrete monument sign with concrete footing and recessed exterior light 4 EA $ $ 4 Furnish and install 4'-10" x 5'-9" Fabricated Aluminum and concrete monument sign with concrete footing and recessed exterior light 2 EA $ $ 5 Furnish and install 15'-11" x 1'-3" Fabricated Aluminum and concrete monument sign with concrete footing 2 EA $ $ 6 Remove and transport to City storage existing monument signs located at Long Beach Blvd and 105 offramps (Locations "A" and "B") 2 EA $ $ 7 Remove existing concrete footings located at Long Beach Blvd and 105 offramps (Locations "A" and "B") 2 EA $ $ 8 Remove existing concrete footing at Long Beach Blvd and Orchard Ave (Location "C") 1 EA $ $ 9 Remove existing concrete footing at Atlantic Ave and McMillan St (Location "D") 1 EA $ $ 10 Remove existing concrete footing at Long Beach Blvd and Tweedy Blvd (Location "F") 1 EA $ $ Total Amount Bid in Figures $ $ TOTAL BID PRICE FOR UNIT PRICE BID SCHEDULE: (Price in Figures) (Price in Words) QUANTITIES OF WORK: The quantities of work or material stated in the Unit Price items of the Bid Schedule are supplied only to give an indication of the general scope of the Work. The City does not expressly nor by implication agree that the actual amounts of work or material will correspond therewith, and reserves the right after award to increase or decrease the quantity of any Unit Price Bid Item, by an 4 284 amount up to 25 percent of increase or decrease, without a change in the unit prices, and shall have the right to delete any bid item in its entirety, and receive full credit in the amount shown in the Bid Schedule for the deleted item of Work. Name of Bidder or Firm IN CASE OF DISCREPANCY BETWEEN THE WORDS AND FIGURES, THE WORDS SHALL PREVAIL. 5 285 INFORMATION REQUIRED OF BIDDER 1.3.3 LIST OF SUBCONTRACTORS As required under Section 4100 et seq., of the Public Contract Code, the Bidder shall list below the name and business address of each subcontractor who will perform Work under this Bid in excess of one-half of one percent of the Contractor's Total Bid Price, or in the case of bids for the construction of streets or highways, including bridges, in excess of one-half of one percent of the Contractor's Total Bid Price, or ten thousand dollars ($10,000), whichever is greater, and shall also list the portion of the Work which will be done by such subcontractor. After the opening of Bids, no changes or substitutions will be allowed except as otherwise provided by law. The listing of more than one subcontractor for each item of Work to be performed with the words "and/or" will not be permitted. The Contractor shall perform, with its own organization, Contract work amounting to at least 50 percent of the Total Bid Price except that any designated "Specialty Items" may be performed by subcontract. The amount of any such "Specialty Items" so performed may be deducted from the Total Bid Price before computing the amount required to be performed by the Contractor with its own organization. The City will identify any "Specialty Items" in the Bid Schedule(s). Where an entire Specialty Item is subcontracted, the value of work subcontracted will be based on the Contract Unit Price for that item. When a portion of a Specialty Item is subcontracted, the value of work subcontracted will be based on the estimated percentage of the Contract Unit Price for that item. This will be determined from information submitted by the Contractor and subject to approval by the Engineer. Subcontractor Contractor's Percent License of Total Work to be Performed Number Contract Subcontractor's Name & Address 2. 3. 4. 5. 6. 6 286 1.3.4 ANTI-TRUST CLAIM Pursuant to Public Contract Code Section 7103.5, upon acceptance of its bid, Contractor agrees to the following: "In entering into a public works contract or a subcontract to supply goods, services, or materials pursuant to a public works contract, the contractor or subcontractor offers and agrees to assign to the awarding body all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. Sec. 15) or under the Cartwright Act (Chapter 2 (commencing with Section 16700) of Part 2 of Division 7 of the State of California Business and Professions Code), arising from purchases of goods, services, or materials pursuant to the public works contract or the subcontract. This assignment shall be made and become effective at the time the awarding body tenders final payment to the contractor, without further acknowledgment by the parties." RESPECTFULLY SUBMITTED: Contractor Name Signature Address City, State, Zip Telephone (with area code) Title Date Contractor's License No. Type of License Federal I.D. No. (SEAL --if Bid is by a corporation) ATTEST 7 287 1.3.5 NON -COLLUSION AFFIDAVIT (To be Executed by Bidder and Submitted with Bid Pursuant to Public Contract Code Section 7106) State of California, County of being first duly sworn, deposes and says that he or she is of the party making the foregoing bid that the bid is not made in the interest of, or on behalf of, any undisclosed person, partnership, company, association, organization, or corporation; that the bid is genuine and not collusive or sham; that the bidder has not directly or indirectly induced or solicited any other bidder to put in a false or sham bid, and has not directly or indirectly colluded, conspired, connived, or agreed with any bidder or anyone else to put in a sham bid, or that anyone shall refrain from bidding; that the bidder has not in any manner, directly or indirectly, sought by agreement, communication, or conference with anyone to fix the bid price of the bidder or any other bidder, or to fix any overhead, profit, or cost element of the bid price, or of that of any other bidder, or to secure any advantage against the public body awarding the contract of anyone interested in the proposed contract; that all statements contained in the bid are true; and further, that the bidder has not , directly or indirectly, submitted his or her bid price or any breakdown thereof, or the contents thereof, or divulged information or data relative thereto, or paid, and will not pay, any fee to any corporation, partnership, company association, organization, bid depository, or to any member or agent thereof to effectuate a collusive or sham bid. Signature Typed or Printed Name Title Contractor / Company / Bidder Name Subscribed and sworn to before me this day of , 20 Notary Public in and for the State of California My Commission Expires: 8 288 1.3.6 BID BOND KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned, as Principal, and as Surety, are hereby held and firmly bound unto the City of Lynwood, a California Municipal Corporation, (hereinafter referred to as the "City") in the penal SUM of DOLLARS ($ ), being not less than ten percent (10%) of the Total Bid Price, for the payment of which sum in lawful money of the United States, well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns by these presents. The Condition of the above obligation is such that whereas the Principal has submitted to the City a certain Bid, attached hereto and hereby made a part hereof, to enter into a contract in writing with City for the completion / construction / demolition of , entitled: LYNWOOD CITYWIDE MONUMENTS NOW, THEREFORE, a. If said Bid shall be rejected, or b. If said Bid shall be accepted and the Principal shall execute and deliver to the City a contract in the form of agreement set forth in the Contract Documents (properly completed in accordance with said Bid) within ten (10) calendar days after receipt of same from City, and shall, within the time and manner set forth in the Contract Documents, furnish a Bond for his/her faithful performance of said contract and for the payment of all persons performing labor or furnishing materials in connection therewith, the required proof of insurance/certificates, required insurance endorsements, and shall in all other respects perform the agreement created by the acceptance of said Bid, then this obligation shall be void, otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated. The Surety, for value received, hereby stipulates and agrees that the obligation of said Surety and its Bond shall be in no way impaired or affected by any extension of the time within which the City may accept such Bid; and said Surety does hereby waive notice of any such extension. In the event suit is brought upon this bond by the City and judgment is recovered, the Surety shall pay all costs incurred by the City in such suit, including a reasonable attorney's fee to be fixed by the court. 9 289 IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers on this day of PRINCIPAL SURETY (Legal Company Name) (Legal Company Name) By: By: Title Title (Corporate Seal) (Corporate Seal) IMPORTANT: Surety companies executing Bonds must possess a certificate of authority from the California Insurance Commissioner authorizing them to write surety insurance defined in Section 105 of the California Insurance Code, and if the Work or Project is financed, in whole or in part, with federal grant or loan funds, must also appear on the Treasury Department's most current list (Circular 570 as amended). Notary acknowledgements for Principal and Surety signatures and Power of Attorney for Surety must be attached. THIS IS A REQUIRED FORM. Any claims under this bond may be addressed to: (Name and Address of Surety) (Name and Address of Agent or Representative in California if different from above) (Telephone Number of Surety and Agent or Representative in California) 10 290 1.3.7 BIDDER'S GENERAL INFORMATION The Bidder shall furnish the following information. Failure to complete and attach all items may cause the Bid to be rejected as non -responsive. 1. BIDDER/CONTRACTOR'S Name and Street Address: 2. CONTRACTOR'S Telephone Number: Facsimile Number: ( ( 3. CONTRACTOR'S License: Primary Classification State License Number(s) Supplemental License Classifications 4. Surety Company and Agent who will provide the required Bonds on this Contract: Name of Surety: Address: Surety Company Agent: Telephone Numbers: Agent ( Surety 5. Type of Business Entity (Sole Proprietorship, Partnership, Corporation, etc.): 6. Corporation organized under the laws of the State of: 7. Is your business entity qualified to do business in the State of California?: Date qualified. 8. List the names, addresses and titles of the principal members/officers of your business entity: Name Title Address 11 291 1.3.7 BIDDER'S GENERAL INFORMATION (Continued) 9. Number of years experience as Contractor performing the specific type of construction or Work required for this Project as set forth in the Contract Documents: 10. List at least three projects completed to date involving construction or Work similar to that required for the completion of this Project: a. Owner Address Contact Class of Work Phone Contract Amount Project Date Completed b. Owner Address Contact Class of Work Phone Contract Amount Project Date Completed c. Owner Address Contact Class of Work Phone Contract Amount Project Date Completed 11. Has Bidder ever failed to complete any work awarded to it? If so, note when, where, and why: 12. List the name and title of the person who will supervise full-time the proposed work for your firm: 13. Is full-time supervisor an employee or an independent contractor? 14. Please attach resumes of key construction personnel who will be assigned to the Work on this Project. Note: Bidder agrees that personnel named on this form and in the attached resumes will remain on this Project until completion of all relevant Work, unless substituted by personnel of equivalent experience and qualifications approved in advance by the City. 15. A financial statement or other information and references sufficiently comprehensive to permit an appraisal of your current financial condition may be required by the Engineer. 12 292 1.3.8 BIDDER'S INSURANCE STATEMENT (To Be Submitted with Bid) BIDDER HEREBY CERTIFIES that the Bidder has reviewed and understands the insurance requirements set forth in Subsection 1.4.4 of the Bidding and Contractual Documents and Forms, Subsection 2.7.2 of the Special Provisions and elsewhere in the Contract Documents. Should the Bidder be awarded the contract for the Work, Bidder further certifies that it can meet all insurance requirements set forth in the Contract Documents, including, but not limited to, providing or requiring insurance coverage for subcontractors; naming of City as an additional insured, and providing waivers of subrogation. Bidder acknowledges and understands that all cost associated with providing and maintaining the required insurance coverage are the sole responsibility of the Contractor and that the costs of procuring and maintaining said coverage is included in Contractor's Bid. Bidder further agrees and certifies that if awarded the contract, Bidder will provide the proof of insurance and endorsements required by the Contract Documents within ten (10) calendar days of receipt of the Notice of Award. Bidder acknowledges that failure to provide City with the required insurance coverage, proof of insurance and/or endorsements within ten (10) calendar days of receipt of the Notice of Award, may result in withdrawal of award and forfeiture of the Bidder's Bid Security. Dated: Bidder: By: (Signature of Bidder's Authorized Representative) Title: 13 293 1.4.1 CITY OF LYNWOOD AGREEMENT FOR CONSTRUCTION OF, ENTITLED "LYNWOOD CITYWIDE MONUMENTS" This agreement (the "Agreement") is made and entered into on this day of by and between the City of Lynwood, a California Municipal Corporation ("City") and , a ("Contractor"). City and Contractor are sometimes hereinafter referred to individually as a "Party" and collectively as the "Parties." RECITALS City and Contractor, based upon the mutual promises contained herein, do hereby agree as follows: I. CONTRACT DOCUMENTS This Agreement consists of the following Contract Documents, the terms and conditions of which are expressly incorporated as component parts of this Agreement as if herein set out in full or attached hereto: A. Notice Inviting Bids, Dated November, 8, 2023 B. Instructions to Bidders. C. Addenda. D. Contractor's Bid Proposal and Workers' Compensation Certificate dated , and all other Bid Documents attached thereto, including but not limited to: 1. Bid Schedule(s) 2. List of Subcontractors 3. Anti -Trust Claim 4. Non -Collusion Affidavit 5. Bidder's General Information 6. Bid Bond (Bid Security Form) 7. Bidder's Insurance Statement E. Payment Bond. F. Performance Bond. G. Certificates/Proof of Insurance and Endorsements. H. Certified Copy of the Lynwood City Council Resolution, not required. Notice of Award dated J. Notice to Proceed dated K The Plans (Contract Drawings). L. Special Provisions M. Standard Specifications for Public Works Construction, "Greenbook" latest Edition. N. Appendices A through I of the Contract Documents. 14 294 O. Reference Specifications. P Approved and Fully -Executed Change Orders. Q. The Director of the Department of Industrial Relations' Determination of Prevailing Wage Rates for Public Works for each craft or type of worker required to perform the Work under this Agreement. II. CONTRACT PRICE The City agrees to pay, and the Contractor agrees to accept as full payment for the Work outlined in the Contract Documents, the Contract Price of Dollars ($ ) subject to additions and deductions, if any, made in accordance with said Contract Documents. Progress payments shall not be made more often than once each thirty (30) days, nor shall progress payments paid be in excess of ninety percent (90%) of the Contract Price at time of completion. Final payment to Contractor will be processed thirty- five (35) days after the City has recorded the Notice of Completion. Contractor may, upon Contractor's written request, and approved by the City Council, at Contractor's expense, deposit substitute securities, as stated in Government Code Section 16430, and as authorized by Public Contract Code, Section 22300, in lieu of retention monies withheld to insure performance. Payment of undisputed amounts due under this Agreement, including the final payment due hereunder, is contingent upon the Contractor furnishing to the City an unconditional release by the Contractor of all claims against the City arising by virtue of this Agreement related to those amounts. Disputed claims in stated amounts may be specifically excluded by Contractor from the operation of any release. No payment, final or otherwise, shall operate to release the Contractor or its sureties from obligations arising under this Agreement or the bonds and warranties furnished hereunder. No payment shall be construed as an acceptance of any of the Work or of defective or improper materials. III. BONDS Within ten (10) calendar days of receiving the Notice of Award and prior to Contractor's commencement of the Work, Contractor shall furnish to City, using the forms set forth in the Bid Documents, a Labor and Materials Payment Bond in an amount equal to one hundred percent (100%) of the Contract Price, and a Performance Bond in an amount equal to one hundred percent (100%) of the Contract Price, said bonds to be in conformance with the Contract Documents, including but not limited to, the General Specifications and Subsection 2.2.2 of the Special Provisions. IV. INDEMNITY Contractor shall defend (with counsel of City's choosing), indemnify and hold the City, its respective elected and appointed boards, officials, officers, agents, employees, representatives and volunteers (individually and collectively referred to hereinafter as "Indemnitees") free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, damages or injuries, in law or equity, regardless of 15 295 whether the allegations are false, fraudulent, or groundless, to property or persons, including wrongful death, to the extent arising out of or incident to any acts, omissions or willful misconduct of Contractor, its officials, officers, employees, agents, consultants and contractors arising out of or in connection with the performance of the Work or this Agreement, including claims made by subcontractors for nonpayment, including without limitation the payment of all consequential damages and attorneys fees and other related costs and expenses. Contractor shall defend, at Contractor's own cost, expense and risk, with counsel of City's choosing, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against Indemnitees. To the extent of its liability, Contractor shall pay and satisfy any judgment, award or decree that may be rendered against Indemnitees in any such suit, action or other legal proceeding. Contractor shall reimburse Indemnitees for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. The only limitations on this provision shall be those imposed by California Civil Code Section 2782. This obligation to indemnify and defend Indemnitees as set forth herein shall survive the termination of this Agreement and is in addition to any rights which City may have under the law. This indemnity is effective without reference to the existence or applicability of any insurance coverages which may have been required under this Agreement or any additional insured endorsements which may extend to City. V. INSURANCE Without limiting Contractor's indemnification of Indemnitees as set forth in Section IV of this Agreement, Contractor shall obtain, provide and maintain, at its own expense, the types and amounts of insurance described in Subsection 2.7.2 of the Special Provisions of the Contract Documents. Such insurance shall be in force prior to Contractor commencing any Work under this Agreement and shall remain in force for the duration of this Agreement and for any other such period as may be required herein. Contractor shall provide proof of the required insurance coverage and the endorsements specified in Subsection 2.7.2 of the Special Provisions within ten (10) calendar days of receipt of the Notice of Award. VI. INELIGIBLE SUBCONTRACTORS In accordance with the provisions of Section 6109 of the California Public Contract Code, Contractor agrees that it shall not perform any work under this Agreement with a subcontractor who is ineligible to perform work on a public works contract pursuant to Sections 1777.1 and 1777.7 of the California Labor Code. Contractor further acknowledges that any contract on a public works project entered into between a contractor and debarred subcontractor is void as a matter of law, and a debarred subcontractor may not receive any public money for performing work as a subcontractor on a public works contract. Any public money that is paid or may have been paid to a debarred subcontractor by a Contractor for work performed on this Project shall be returned to the City. The Contractor shall be responsible for the payment of wages to workers of a debarred subcontractor who have been allowed to work on the Project. 16 296 VII. COMMENCEMENT OF WORK AND LIQUIDATED DAMAGES The Contractor shall commence the Work required by this Agreement within ten (10) calendar days of the date specified in the Notice to Proceed and shall complete all Work as specified in the Contract Documents within Sixty (60) CALENDAR DAYS from the date in said Notice. City and Contractor have discussed the provisions of Government Code Section 53069.85 and the damages that may be incurred by City if the Work is not completed within the time specified in this Agreement. The City and Contractor hereby represent that at the time of signing this Agreement, it is impracticable and extremely difficult to fix the actual damage which will be incurred by City if the Work is not completed within the number of working days allowed. Accordingly, City and Contractor agree that the sum of $500.00 per calendar day is a reasonable sum to assess as Liquidated Damages to City by reason of the failure of Contractor to complete the Work within the time specified. VIII. CERTIFICATION UNDER LABOR CODE SECTION 1861 By signing this Agreement, Contractor makes the following certification required by Section 1861 of the California Labor Code: "I am aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that Code, and I will comply with such provisions before commencing the performance of any Work under this Agreement." IX. APPRENTICES The Contractor acknowledges that, in accordance with Section 1777.5 of the State Labor Code, he/she will be held responsible for compliance with the provisions of this Section for all apprenticeable occupations. X. SUBSTITUTION OF SUBCONTRACTORS The Contractor hereby agrees to reimburse the City for costs incurred by the City in the substitution of subcontractors. Where a hearing is held pursuant to the provisions of Section 4100 et seq. of the Public Contract Code by the City or a duly appointed hearing officer, the Clerk of the City of Lynwood shall prepare and certify a statement of all costs incurred by the City for investigation and conduct of the hearing, including the costs of any hearing officer and shorthand reporter appointed. The statement shall then be sent to the Contractor, who shall reimburse the City for such costs. If not paid separately, such reimbursement may be deducted from any money due and owning to the Contractor prior to the City's acceptance of the Project. 17 297 XI. LICENSES Contractor acknowledges and agrees that Contractor must have all appropriate contractor's licenses. Contractor further warrants and represents that he/she/they has/have the appropriate contractor's license to pursue the work hereunder. Contractor's failure to have or maintain all appropriate licenses during the entire term of this Agreement shall be cause for the immediate and summary termination of this Agreement by City. Contractor shall be liable for all City's costs incurred to complete the Work under this Agreement in the event of such termination. XII. EMPLOYMENT DISCRIMINATION PROHIBITED Pursuant to California Labor Code Section 1735 and other applicable provisions of law, the Contractor and its subcontractors shall not discriminate against any employee or applicant for employment because of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, marital status, sex, age, political affiliation or sexual orientation in the performance of Work under this Agreement. The Contractor will take affirmative action to insure that employees are treated during employment or training without regard to their of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, marital status, sex, age, political affiliation or sexual orientation. XIII. PREVAILING WAGES The Contractor is aware of the requirements of Labor Code Sections 1720 et seq. and 1770 et seq., as well as California Code of Regulations, Title 8, Section 16000 et seq. ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on certain "public works" and "maintenance" projects. Since the work covered by this Agreement involves an applicable "public works" or "maintenance" project, as defined by the Prevailing Wage Laws, and since the total compensation is $1,000 or more, Contractor agrees to fully comply with such Prevailing Wage Laws as set forth in the foregoing statutes and in the Special Provisions of the Contract Documents. XIV. AUTHORITY TO EXECUTE The person or persons executing this Agreement on behalf of Contractor warrants and represents he/she/they has/have the authority to execute this Agreement on behalf of his/her/their corporation, partnership, or business entity and warrants and represents that he/she/they has/have the authority to bind Contractor to the performance of its obligations hereunder. XV. ASSIGNMENT; GOVERNING LAW This Agreement may not be assigned by Contractor, in whole or in part, without the prior written consent of the City. This Agreement and any dispute arising hereunder shall be governed by the law of the state of California. 18 298 XVI. NOTICES Any notices, bills, invoices, or reports required by this Agreement shall be deemed received on (a) the day of delivery if delivered by hand during Contractor's regular business hours or by facsimile before or during Contractor's regular business hours; or (b) on the third business day following deposit in the United States mail, postage prepaid, to the addresses set forth below, or to such other addresses as the Parties may, from time to time, designate in writing pursuant to the provisions of this Section. City City of Lynwood Attn: City Engineer 11330 Bullis Road Lynwood, CA 90262 Fax No. (310) 635-0493 Contractor Attn: Fax No. XVII. ATTORNEYS FEES Should either Party bring any action to protect or enforce its rights under this Agreement or the Contract Documents, the prevailing party in such action shall be entitled to recover, in addition to all other relief, its reasonable attorneys fees and costs. XVIII. WARRANTY All Work shall be warranted by Contractor against defective workmanship and materials for a period of one (1) year form the date the Work is accepted as complete by the Lynwood City Council. The contractor shall replace or repair any such defective work in a manner satisfactory to Engineer, following notice from Engineer specifying the work to be done and the time in which replacement or repair shall be completed. If Contractor fails to make such replacement or repair within the time specified in the notice, the City may perform the needed repairs and Contractor's sureties shall be liable for the cost thereof. XIX. ENTIRE AGREEMENT, WAIVER AND MODIFICATION This Agreement contains the completely final, entire, and exclusive agreement between the Parties with respect to the subject matter hereof, and no waiver, alteration, or modification of any of the provisions hereof or rights to act hereunder shall be binding unless made in writing signed by both Parties. Any attempted modification, amendment, or alteration in violation hereof shall be void. 19 299 IN WITNESS WHEREOF, each of the Parties hereto has caused the Agreement to be executed in its name on its behalf by a duly authorized officer as of this day and year first above written. CITY OF LYNWOOD CONTRACTOR LEGAL NAME OF FIRM By: By: Oscar Flores Mayor Attest: By: Signature of Chairman of Board, President, or Vice President (Typed/Printed Name) Maria Quinonez (Title) City Clerk Approved as to Form: By: Noel Tapia City Attorney By: Signature of Secretary, Assistant Secretary, CFO, or Assistant Treasurer (Typed/Printed Name) (Title) [NOTARY REQUIRED FOR SIGNATURE(S) OF CONTRACTOR] 20 300 1.4.2 CONTRACT PERFORMANCE BOND (CALIFORNIA PUBLIC WORKS) KNOW ALL MEN BY THESE PRESENTS: THAT WHEREAS, the City of Lynwood (referred to hereinafter as "City") has entered into an Agreement dated (referred to hereinafter as the "Agreement") with (hereinafter designated as "Contractor" or "Principal"), for construction of LYNWOOD CITYWIDE MONUMENTS, (hereafter referred to as the "Project"). WHEREAS, the Work to be performed by the Contractor is more particularly set forth in the Agreement for the Project, the terms and conditions of which, including those set forth in the Contract Documents incorporated as component parts the of Agreement, are expressly incorporated herein by this reference; and WHEREAS, the Contractor is required by the Agreement to perform the terms thereof and to provide a bond both for the performance and guaranty thereof. NOW, THEREFORE, we, , the undersigned Contractor, as Principal, and a corporation organized and existing under the laws of the State of , and duly authorized to transact business under the laws of the State of California, as Surety, are held and firmly bound unto City in the penal sum of Dollars ($ lawful money of the United States, said sum being not less than 100 percent of the total amount payable by the City under the terms of the Agreement, for which payment well and truly to be made, we bind ourselves, our heirs, executors and administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, that, if the bounden Principal, his/her or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the undertakings, terms, covenants, conditions and agreements set forth in the Agreement and any alteration thereof made as therein provided, on his/her or its part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their intent and meaning; and shall faithfully fulfill the one-year guarantee of all materials and workmanship; and indemnify and save harmless the City, its officers, officials, employees, authorized agents and volunteers, as stipulated in the Agreement, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. In the event suit is brought on this bond, said Surety will pay to City a reasonable attorney's fee to be fixed by the Court. 21 301 As a condition precedent to the satisfactory completion of the Agreement, unless otherwise provided for in the Agreement, the above obligation shall hold good for a period of one (1) year after the acceptance of the Work by City, during which time if Contractor shall fail to make full, complete, and satisfactory repair and replacements and totally protect the City from loss or damage resulting from or caused by defective materials or faulty workmanship. The obligations of Surety hereunder shall continue so long as any obligation of Contractor remains. Nothing herein shall limit the City's rights or the Contractor or Surety's obligations under the Contract, law or equity, including, but not limited to, California Code of Civil Procedure section 337.15. Whenever Contractor shall be, and is declared by the City to be, in default under the Agreement, the Surety shall remedy the default pursuant to the Agreement, or shall promptly, at the City's option: (1) Take over and complete the Project in accordance with all terms and conditions in the Agreement; or (2) Obtain a bid or bids for completing the Project in accordance with all terms and conditions in the Contract Documents and upon determination by Surety of the lowest responsive and responsible bidder, arrange for a Contract between such bidder, the Surety and the City, and make available as Work progresses sufficient funds to pay the cost of completion of the Project, less the balance of the contract price, including other costs and damages for which Surety may be liable. The term "balance of the contract price" as used in this paragraph shall mean the total amount payable to Contractor by the City under the Agreement and any modification thereto, less any amount previously paid by the City to the Contractor and any other set offs pursuant to the Contract Documents. (3) Permit the City to complete the Project in any manner consistent with California law and make available as Work progresses sufficient funds to pay the cost of completion of the Project, less the balance of the contract price, including other costs and damages for which Surety may be liable. The term "balance of the contract price" as used in this paragraph shall mean the total amount payable to Contractor by the City under the Agreement and any modification thereto, less any amount previously paid by the City to the Contractor and any other set offs pursuant to the Contract Documents. Surety expressly agrees that the City may reject any contractor or subcontractor which may be proposed by Surety in fulfillment of its obligations in the event of default by the Contractor. The said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the Agreement, or to the Project or to the Work to be performed thereunder, or the Specifications accompanying the same, shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Agreement, or to the Project, or to the Work or to the Specifications. Said Surety also hereby waives the provisions of sections 2819 and 2845 of the California Civil Code. 22 302 No final settlement between the City and the Contractor shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. IN WITNESS WHEREOF, the above -bounden parties have executed this instrument this day of , , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body. PRINCIPAL: (seal) By SURETY: (seal) By Attorney -in -Fact The rate of premium on this bond is premium charged, $ surety.) per thousand dollars. The total amount of . (These blanks must be filled in by corporate IMPORTANT: Surety companies executing Bonds must possess a certificate of authority from the California Insurance Commissioner authorizing them to write surety insurance defined in Section 105 of the California Insurance Code, and if the Work or Project is financed, in whole or in part, with federal grant or loan funds, must also appear on the Treasury Department's most current list (Circular 570 as amended). Notary acknowledgements for Principal and Surety signatures and Power of Attorney for Surety must be attached. THIS IS A REQUIRED FORM. Any claims under this bond may be addressed to: (Name and Address of Surety) (Name and Address of Agent/Representative in California if different) (Telephone Number of Surety/Agent or Representative in California 23 303 STATE OF CALIFORNIA ) ss. COUNTY OF On this day of , in the year , before me, , a Notary Public in and for said state, personally appeared , known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument as the Attorney -in -Fact of the (Surety) and acknowledged to me that he/she subscribed the name of the (Surety) thereto and his/her own name as Attorney -in -Fact. Signature of Notary Public in and for said State (SEAL) My commission expires on: NOTE: A copy of the power of attorney to local representatives of the bonding company must be attached hereto. CERTIFICATE AS TO CORPORATE PRINCIPAL , certify that I am the Secretary of the corporation named as Principal to the within bond; that who signed the said bond on behalf of the principal was then of said corporation; that I know his/her signature, and his/her signature thereto is genuine; and that said bond was duly signed, sealed and attested for and in behalf of said Corporation by authority of its governing board. Signature of Corporate Principal 24 304 1.4.3 CONTRACT PAYMENT BOND (CALIFORNIA PUBLIC WORKS) KNOW ALL MEN BY THESE PRESENTS: THAT WHEREAS, the City of Lynwood, (referred to hereinafter as "City") has entered into an agreement dated (referred to hereinafter as the "Agreement") with , (hereinafter designated as the "Contractor" or "Principal"), for LYNWOOD CITYWIDE MONUMENTS. WHEREAS, Contractor is required to furnish a bond in connection with the Agreement, and pursuant to Section 3247 of the California Civil Code. NOW, THEREFORE, we, , the undersigned Contractor, as Principal, and a corporation organized and existing under the laws of the State of , and duly authorized to transact business under the laws of the State of California, as Surety, are held and firmly bound unto City and to any and all persons, companies or corporations entitled to file stop notices under Section 3181 of the California Civil Code, in the penal sum of Dollars ($ ), lawful money of the United States, said sum being not less than 100 percent of the total amount payable by City under the terms of the Agreement, for which payment well and truly to be made, we bind ourselves, our heirs, executors and administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, that, if said Contractor, his/her or its heirs, executors, administrators, successors or assigns, or subcontractors, shall fail to pay for any materials, provisions, provender or other supplies, items, implements or machinery used in, upon, for or about the performance of the Work required by the Agreement; or fails to pay (1) any of the persons named in Civil Code Section 3181, (2) amounts due under the Unemployment Insurance Code with respect to work or labor performed under the Agreement, or (3) for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and subcontractors pursuant to Section 13020 of the Unemployment Insurance Code with respect to the work and labor provided pursuant to the Agreement, said Surety will pay for the same in an amount not exceeding the sum specified in this bond, otherwise the above obligation shall be void. In the event suit is brought upon this bond, said Surety will pay to City a reasonable attorney's fee to be fixed by the Court. In addition to the provisions hereinabove, it is agreed that this bond will inure to the benefit of any and all persons, companies and corporations entitled to serve stop notices under Section 3181 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. The Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the Agreement or to the Work to be performed thereunder or the Specifications accompanying the same; shall in any way 25 305 affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Agreement or to the Work or to the Specifications. Said Surety also hereby waives the provisions of sections 2819 and 2845 of the California Civil Code. No final settlement between the City and the Contractor hereunder shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. IN WITNESS WHEREOF, the above -bounded parties have executed this instrument this day of , , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body. PRINCIPAL: (seal) By SURETY: (seal) By Attorney -in -Fact IMPORTANT: Surety companies executing Bonds must possess a certificate of authority from the California Insurance Commissioner authorizing them to write surety insurance defined in Section 105 of the California Insurance Code, and if the Work or Project is financed, in whole or in part, with federal grant or loan funds, must also appear on the Treasury Department's most current list (Circular 570 as amended). Notary acknowledgements for Principal and Surety signatures and Power of Attorney for Surety must be attached. THIS IS A REQUIRED FORM. Any claims under this bond may be addressed to: (Name and Address of Surety) (Name and Address of Agent/Representative in California if different) (Telephone Number of Surety/Agent or Representative in California) STATE OF CALIFORNIA 26 306 ) ss. COUNTY OF On this day of , in the year , before me, , a Notary Public in and for said state, personally appeared , known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument as the Attorney -in -Fact of the (Surety) and acknowledged to me that he/she subscribed the name of the (Surety) thereto and his/her own name as Attorney -in -Fact. Signature of Notary Public in and for said State (SEAL) My commission expires on: NOTE: A copy of the power of attorney to local representatives of the bonding company must be attached hereto. CERTIFICATE AS TO CORPORATE PRINCIPAL , certify that I am the Secretary of the corporation named as Principal to the within bond; that who signed the said bond on behalf of the principal was then of said corporation; that I know his/her signature, and his/her signature thereto is genuine; and that said bond was duly signed, sealed and attested for and in behalf of said Corporation by authority of its governing board. Signature of Corporate Principal (CORPORATE SEAL) 27 307 1.4.4 CERTIFICATES / PROOF OF INSURANCE AND ENDORSEMENTS The Contractor shall not commence any of the Work or begin any performance under the Agreement until he/she obtains, at his/her own and sole cost and expense, all required insurance as stipulated by the City. The required insurance shall be provided by the Contractor in conformance with the requirements of the Special Provisions and may include the following: • Workers' Compensation Insurance • Commercial General Liability and Business Automobile Liability Insurance • Course of Construction or Builder's Risk Insurance • Flood Insurance The insurance company or companies utilized by the Contractor shall be authorized and admitted to transact business in the State of California and to issue policies in the amounts required pursuant to the provisions of the Special Provisions. All insurance required shall be placed with insurers with a current A.M. Best's rating of no less than A:VII, and shall contain the endorsements specified in the Special Provisions. Within ten (10) calendar days after receipt of the Notice of Award, Contractor shall furnish to the City for approval as to sufficiency and form, certificates of insurance and original endorsements evidencing the required coverage set forth in the Special Provisions. Endorsements and certificates are to be signed by a person authorized by the insurer to bind coverage on the insurer's behalf. If the insurance called for is provided by more than one company, a separate certificate and the required endorsements shall be provided by each company. City reserves the right to request complete, certified copies of all required insurance policies and endorsements at any time. Failure to provide City with the required insurance coverage, proof of insurance and/or endorsements within ten (10) calendar days of receipt of the Notice of Award, may result in withdrawal of award and forfeiture of the Bidder's Bid Security. 28 308 ADDENDUM By executing this Addendum, Contractor acknowledges and agrees that the work performed pursuant to the above referenced Agreement is subjected to all applicable provisions. Payment of Minimum Compensation to Employees. Contractor shall be obligated to pay not less than the General Prevailing Wages Rate as required by applicable law. A. Prevailing Wage Requirements. California Labor Code requires the payment of not less than the general prevailing rate of per diem wages and rates for holiday and overtime and adherence to all labor standards and regulations. The General Prevailing Wages Rates may be adjusted throughout the term of this Agreement. Notwithstanding any other provision of this Agreement, Contractor shall not be entitled to any adjustment in compensation rates in the event there are adjustments to the General Prevailing Wages Rates. B. Reports. Contractor shall not perform on site work on this contract until labor compliance documents are filed. Contractor agrees to cooperate with the City to fulfill its notifications requirement to the DIR, as required by DIR's PWC-100 form or any other required form, and Contractor agrees to provide to the City the information required by the DIR, as generally set forth in Labor Code Section 1773.3. By signing this form, Contractor, and all of its subcontractors, represents that it has registered with the Department of Industrial Relations pursuant to Labor Code section 1725.5 [with limited exceptions under Labor Code section 1771.1(a)] and paid the annual fee due to the DIR, unless the Contractor meets an exception recognized by the DIR or by the law. C. Furnishing of Electronic Certified Payroll Records to Labor Commissioner. Contractor and subcontractor agree to furnish the required electronic certified payroll records directly to the Labor Commissioner (aka Division of Labor Standards Enforcement), in the manner and under the time frame required by law. D. Audit Rights. All records or documents required to be kept pursuant to this Agreement to verify compliance with the Wage Requirement shall be made available for audit at no cost to City, at any time during regular business hours, upon written request by the City Attorney, City Auditor, City Manager, or a designated representative of any of these officers. Copies of such records or documents shall be provided to City for audit at City Hall when it is practical to do so. Otherwise, unless an alternative is mutually agreed upon, the records or documents shall be available at CONTRACTOR's address indicated for receipt of notices in this Contract. 29 309 E. Enforcement. 1. General. CONTRACTOR acknowledges it has read and understands that, pursuant to the terms and conditions of this Agreement, it is required to comply with the Wage Requirement and to submit certain documentation to the City establishing its compliance with such requirement. ("Documentation Provision.") CONTRACTOR further acknowledges the City has determined that the Wage Requirement promotes each of the following (collectively "Goals"): a. It protects public job opportunities and stimulates the City's economy by reducing the incentive to recruit and pay a substandard wage to labor from distant, cheap -labor areas. b. It benefits the public through the superior efficiency of well -paid employees. c. It increases competition by promoting a more level playing field among contractors with regard to the wages paid to workers. 2. CONTRACTOS's Breach of Prevailing Wage/Living Wage Provisions. WITHOLDING OF PAYMENT: CONTRACTOR agrees that the Documentation Provision is critical to the City's ability to monitor CONTRACTOR's compliance with the City's public wage obligations. CONTRACTORS further agrees its breach of the Documentation Provision or general public wage obligations results in the need for additional enforcement action to verify compliance with this Addendum. In Tight of the critical importance of the Documentation Provision, the City and CONTRACTOR agree that CONTRACTOR's compliance with this Addendum is an express condition of City's obligation to make each payment due to the CONTRACTOR pursuant to this Agreement. THE CITY IS NOT OBLIGATED TO MAKE ANY PAYMENT DUE THE CONTRACTOR UNTIL CONTRACTOR HAS PERFORMED ALL OF ITS OBLIGATIONS UNDER THESE PROVISIONS. THIS PROVISION MEANS THAT CITY CAN WITHOLD ALL OR PART OF A PAYMENT TO CONTRACTOR UNTIL ALL REQUIRED DOCUMENTATION IS SUBMITTED. Any payment by the City despite CONTRACTOR's failure to fully perform its obligations under these provisions shall not be deemed to be a waiver of any other term or condition contained in this Agreement or a waiver of the right to withhold payment for any subsequent breach of this Documentation Provision or public wage obligations of the Contractor and the City. 30 310 CITY OF LYNWOOD DEPARTMENT OF PUBLIC WORKS PART 2 - SPECIAL PROVISIONS LYNWOOD CITYWIDE MONUMENTS Section 2.1 General, Terms, Definitions, Abbreviations, and Symbols 2.2 Scope and Control of Work 2.3 Control of the Work 2.4 Control of Materials 2.5 Legal Relations and Responsibilities 2.6 Prosecution and Progress of the Work 2.7 Measurement and Payment 2.8 Facilities for Agency Personnel 2.9 Construction Details (Materials and Methods) ***** 31 311 CITY OF LYNWOOD PUBLIC WORKS DEPARTMENT PART 2 - SPECIAL PROVISIONS LYNWOOD CITYWIDE MONUMENTS SECTION2.1 — General, TERMS, DEFINITIONS, ABBREVIATIONS, AND SYMBOLS 2.1.1 GENERAL The following additions/modifications are hereby made to the Standard Specifications: 2.1.1.1 Standard Specifications. - The Work hereunder shall be done in accordance with the Standard Specifications of the City of Lynwood, Standard Specifications for Public Works Construction ("Greenbook"), latest Edition, including all current supplements, addenda, and revisions thereof, the City Standard Plans identified in the Appendix, and the Special Provisions set forth in this Part 2 of the Contract Documents. In case of conflict between the technical provisions of the Caltrans Standard Specifications, latest Edition and these Special Provisions, these Special Provisions shall take precedence over, and be used in lieu of, such conflicting portions. 2.1.1.2 Supplementary Reference Specifications. - Insofar as references may be made in these Special Provisions to the Caltrans Standard Specifications, such work shall conform to the referenced portions of the technical provisions of the Caltrans Standard Specifications, latest Edition, provided, that wherever the term "Standard Specifications" is used without the prefix "Caltrans," it shall mean the Standard Specifications for Public Works Construction ("Greenbook"), latest Edition, as previously specified in the above Subsection 2.1.1.1. In case of conflict between the technical provisions of the Caltrans Standard Specifications, latest Edition and these Special Provisions, these Special Provisions shall take precedence over, and be used in lieu of, such conflicting portions. 2.1.2 LEGAL ADDRESS 32 312 2.1.2.1 Legal Address of the Agency. - The official address of the Agency shall be the City of Lynwood, 11330 Bullis Road, Lynwood, California 90262, or such other address as the City may subsequently designate in written notice to the Contractor. 2.1.2.2 Legal Address of the Engineer. - The official address of the Engineer shall be 11330 Bullis Road, Lynwood, California 90262, or such other address as the Engineer may subsequently designate in writing to the Contractor. 2.1.2.3 Legal Address of the Agency's Project Representative. — The name and address of the Agency's designated Project Representative shall be Mir T. Fattahi, MsCE, P.E., Acting City Engineer, 11330 Bullis Road, Lynwood, California 90262, or such address as the Project Representative may subsequently designate in writing to the Contractor. 2.1.3 DEFINITIONS AND TERMS 2.1.3.1 Definitions and Terms. - Wherever in the Standard Specifications the following terms are used, the definitions shall be amended to read: Agency - The City of Lynwood, a California municipal corporation and general law city, existing in the County of Los Angeles, State of California. Board — The City Council of the City of Lynwood. Engineer - The City Engineer of the City of Lynwood or other persons designated by the City Engineer. Liquidated Damages - The amount prescribed in these Special Provisions, pursuant to the authority of Government Code Section 53069.85, to be paid to the City or to be deducted from any payments due or to become due to the Contractor for each day's delay in completing the whole or any specified portion of the Work beyond the time allowed in the Special Provisions. Standard Plans - The Standard Drawings and the Special Drawings of the City of Lynwood. 2.1.3.2 Additional Definitions and Terms. - The following additional terms and definitions used in the Contract Documents shall apply: Project — The Work that is the subject of the Contract Documents. Total Bid Price — The full price for all the Work required to complete the Project submitted by a Bidder in the Bid Documents. Unit Price — The amount set forth in a Bid Schedule document for a single unit of an item of work. 33 313 Unit Price Bid Item — An item of work to which a Unit Price applies. - END OF SECTION - 34 314 SECTION 2.2 - SCOPE AND CONTROL OF WORK 2.2 SCOPE OF THE WORK The project consists of the structural design and preparation of shop drawings, fabrication of monuments using appropriate materials, removal and transport of existing monuments, the installation of newly fabricated monuments. 2-2.1 PERMITS. The text of Subsection 2-2 of the Standard Specifications is hereby deleted and replaced with the following: Prior to the start of any work, the Contractor shall take out the applicable AGENCY permits and make arrangements for AGENCY inspections. The AGENCY will issue the permits at no charge to the Contractor. The Contractor and all subcontractors shall each obtain an AGENCY business license and shall be licensed in accordance with the State Business and Professions Code. The Contractor shall also obtain any and all other permits, licenses, inspections, certificates, or authorizations required by any governing body or entity. 2.2.2 CONTRACTOR'S SURETY WAIVER OF RIGHT OF NOTIFICATION The following shall be added to the Standard Specifications: "The Contractor shall ensure that its Surety is familiar with all of the terms and conditions of the Contract Documents, and shall obtain a written acknowledgement by the Surety that said Surety thereby waives the right of special notification of any changes or modifications of the Agreement, or of extensions of time, or of decreased or increased Work, or of cancellation of the Agreement, or of any other act or acts by the City of Lynwood or any of its authorized representatives." 2.2.3 CHANGES INITIATED BY THE AGENCY The following sentence shall be added to the Standard Specifications: All Change Orders shall be subject to the provisions of Subsection 6-3.15 of the Lynwood Municipal Code. 2.2.4 EXTRA WORK The provisions of Section 2-8 of the Standard Specifications shall apply; provided that the provisions governing markup percentages for overhead and profit for extra work referenced in Subsection 2-8 and 7-4.3 Markup, Paragraph (a) Work by Contractor of the latest Edition shall be deleted in their entirety and the following substituted therefor: 35 315 (a) Work by Contractor. The following percentages shall be added by the City to the Contractor's costs and shall constitute the markup for all overhead and profit. 1) Labor 20 percent 2) Materials 15 percent 3) Equipment rental 15 percent 4) Other items & expenditures 15 percent 5) Subcontracts (1st tier only) 5 percent 6) Lower Tier subcontractors none To the sum of costs and markups provided for in this subsection, one percent shall be added by the City as compensation for bonding. 2.2.5 TEMPORARY ACCESS OR CONSTRUCTION RIGHTS -OF -WAY Subsection 2-3 of the Standard Specifications shall be deleted in its entirety and the following substituted therefor: All temporary access or construction rights -of -way, other than those shown on the Plans, which the Contractor may find it requires during progress of the Work, shall be arranged by and paid for entirely by the Contractor, at its own expense. 2.2.6 TESTING The Contractor shall provide, at its sole cost and expense, any testing indicated by the Contract Documents. The testing shall be performed by a company approved by the Engineer. Only initial compaction tests which produce results meeting the City's previously specified requirements shall be at the City's expense. All compaction testing which produces results that fail to meet the City's previously specified requirements and all retaking of such tests shall be at the Contractor's expense and City shall not pay Contractor any compensation therefor. The Contractor, at its sole expense, shall excavate any holes necessary for compaction tests, backfill the holes, compact the backfill placed in the holes, and pave the surface, if required, after the test(s) are completed. 2.2.7 SITE EXAMINATION The Contractor shall have the sole responsibility of satisfying itself concerning the nature and location of the Work. The submittal of a Bid Proposal shall be conclusive evidence that the Contractor has investigated and examined the Work site and is satisfied as to the conditions to be encountered, including but not limited to, locality, uncertainty of weather and all other contingencies, and the character, quality, quantities, and scope of the Work, materials to be furnished, and all Agreement requirements which could in any way affect the Work or the costs thereof. The failure of the Contractor to acquaint itself with all available information regarding any applicable existing or future conditions shall not 36 316 relieve it from the responsibility for properly estimating the difficulties, responsibilities, or costs of successfully performing the Work according to the Contract Documents. 2.2.8 FLOW AND ACCEPTANCE OF WATER Storm, surface, nuisance, or other waters may be encountered at various times during construction of the Work. Therefore, the Contractor, by submitting a Bid, hereby acknowledges that it has investigated the risk arising from such waters, and has prepared its Bid accordingly; and the Contractor, by submitting such a Bid, assumes all said risk. 2.2.9 RECYCLING AND DIVERSION OF DEBRIS The Contractor shall adhere to all provisions of Section 9-6, "Recycling and Diversion of Debris from Construction and Demolition," of the City of Lynwood Municipal Code. 2.2.10 POLLUTION CONTROL 2.2.10.1 Water Pollution Control The Contractor shall adhere to all provisions of Section 14-12 of the Lynwood Municipal Code: "Stormwater and Urban Runoff Pollution Control," and the Federal Clean Water Act, including but not limited to, the National Pollutant Discharge Elimination System (NPDES) standards. The Contractor shall implement all provisions of the Storm Water Pollution Prevention Plan (SWPPP) prepared by the City. Delete the SWPPP provision if project site is less than one (1) acre. 2.2.10.2 Sound Pollution Control The Contractor shall ensure that its operations do not exceed a noise level of 86 - decibels (db) as measured at a distance of 50 feet from all its sources of operation. 2.2.10.3 Air Pollution Control The Contractor shall adhere to all applicable rules and regulations of the California Air Resource Board (GARB) and the South Coast Air Quality Management District (SCAQMD). - END OF SECTION - 37 317 SECTION 2.3 — Control of The Work 2.3.1 SELF -PERFORMANCE. The whole paragraph of Section 3-2 of the Standard Specifications is hereby deleted and replaced with the following: The Contractor shall perform or provide, with its own organization, contract labor, materials, and equipment amounting to at least 50 percent of the Contract Price. The contract labor performed or provided by the Contractor shall amount to at least 25 percent of the total contract labor for the Contract. Contract labor shall exclude the Contractor's superintendent. Any designated "Specialty Items" may be performed by subcontract and the amount of any such "Specialty Items" so performed may be deducted from the Contract Price before computing the amount of contract labor, materials, and equipment required to be performed or provided by the Contractor with its own organization. Where an entire item is subcontracted, the value of contract labor, materials, and equipment subcontracted will be based on the estimated percentage of the Contract Unit or Lump Sum Price, determined from information submitted by the Contractor, subject to approval by the Engineer. The Contractor with the bid package shall submit a list of all subcontractors intended to perform work on the project. This list shall include the name and location of the place of business of each subcontractor who will perform work or labor or render service to the prime contractor in or about the construction of the work or improvement, or a subcontractor licensed by the State of California who, under subcontract to the prime contractor, specially fabricates and installs a portion of the work or improvement according to detailed drawings contained in the plans and specifications, in an amount in excess of one-half of one percent of the prime contractors total bid. The prime contractor shall provide a description by bid item number or otherwise fully designate the portion of work to be performed by each subcontractor. 2.3.2 PRECEDENCE OF CONTRACT DOCUMENTS The provisions of Subsection 3-7.2 of the Standard Specifications shall be deleted in their entirety and the following substituted therefor: The Contract Documents are complementary, and what is called for by one shall be as binding as if called for by all. The Contract Documents are intended to be fully cooperative and to be complementary. If Contractor observes that any documents are in conflict, the Contractor shall promptly notify the Engineer in writing. In resolving disputes resulting from conflicts, errors, or discrepancies in any of the Contract Documents, the document highest in precedence shall control. The order of precedence shall be as listed below: 38 318 1. Approved and Fully -Executed Change Orders 2. Agreement 3. Addenda 4. Contractor's Bid (Bid Documents) 5. Technical Provisions 6. Special Provisions 7. General Provisions of the Standard Specifications 8. Notice Inviting Bids 9. Instructions to Bidders 10. Plans (Contract Drawings) 11. Standard Specifications 12. City Standard Plans 13. Reference Specifications With reference to the Drawings, the order of precedence shall be as follows: 1. Figures govern over scaled dimensions. 2. Detail drawings govern over general drawings. 3. Addenda or Change Order drawings govern over Contract Drawings. 4. Contract Drawings govern over Standard Drawings. 5. Contract Drawings govern over Shop Drawings. 2.3.3 SUBMITTALS The following provision shall be added at the end of Subsection 3-8.1 of the Standard Specifications: On lump sum contracts, the Contractor shall submit, for approval by the Engineer, a Schedule of Values, or lump sum price breakdown, which will serve as the basis for progress payments and shall be incorporated into a form of payment request (or invoice) acceptable to the Engineer. Such Schedule of Values shall be submitted for approval at the Pre -construction Conference and must meet the approval of the Engineer before any payments can be made to the Contractor. 2.3.4 SUBSURFACE DATA The provisions of Subsection 3-9 of the Standard Specifications shall be deleted in their entirety and following substituted therefor: Limited Reliance by Contractor. - Soils reports and other reports of subsurface conditions may be made available by the City for inspection by the Contractor. HOWEVER, SUCH REPORTS AND DRAWINGS ARE NOT CONTRACT DOCUMENTS. The Contractor may rely upon the general accuracy of the "technical data" contained in such reports and drawings only where such "technical data" are specifically identified in the Special Provisions. Except for such reliance on such "technical data," the Contractor may not rely upon or make any claim against the City, the Engineer, nor any of the Engineer's Consultants with respect to any of the following: 39 319 Completeness. - The completeness of such reports and drawings for Contractor's purposes, including, but not limited to, any aspects of the means, methods, techniques, sequences, and procedures of construction to be employed by Contractor and safety precautions and programs incident thereto, or Other Information. - Any other data, interpretations, opinions, and information contained in such reports or shown or indicated in such drawings, or Interpretation. - Any interpretation by the Contractor of such "technical data," or any conclusion drawn from any "technical data" or any such data, interpretations, opinions or information. 2.3.5 PERMANENT SURVEY MARKERS The provisions of Subsection 3-10.1 of the Standard Specifications shall be deleted in their entirety and the following substituted therefor: It shall be the Contractor's responsibility to protect all the existing survey monuments, bench marks, survey marks and stakes. Removal of such monuments, or displacement thereof, shall require their resetting, including corner record filing, for the existing type of monument in question at the Contractor's sole expense. Any existing monument shall not be disturbed. Where the Engineer concurs, in writing, with the Contractor that protecting an existing monument in place is impractical, the Contractor shall employ a California Licensed Land Surveyor to establish the location of the monument before it is disturbed. The Contractor shall have the monument replaced by a California Licensed Land Surveyor no later than thirty (30) days after construction is completed at the site of the replacement. The California Licensed Land Surveyor shall file corner record(s) as required by Sections 8772 and 8773, et seq., of the California Business and Professions Code. Payment for the costs of Land Surveyors, replacement of disturbed monuments and the filing of corner records shall not be considered part of the work necessitating the disturbance of said monuments and no additional payment will be made by City to Contractor therefor. 2.3.6 SURVEY SERVICE The provisions of Subsection 3-10 of the Standard Specifications shall be deleted in their entirety and the following substituted therefor: The Contractor shall hire and pay for the services of a California Licensed Land Surveyor to perform all work necessary for establishing control, construction staking, records research, and all other surveying work necessary to perform the Work; and to provide other surveying services, if required by the Contract Documents, in accordance with the 40 320 Land Surveyors Act. The California Licensed Land Surveyor shall be present on the site during all surveying operations and shall personally supervise and certify the surveying work. Payment for work performed to satisfy the requirements of surveying shall be included by Contractor in its bid for any items requiring the survey work and no additional payment will be made by City to Contractor therefor. 2.3.7 INSPECTION The provisions of Subsection 3-5 of the Standard Specifications shall be deleted in their entirety and the following substituted therefor: The Engineer shall have complete and safe access to the Work at all times during construction, and shall be furnished with every reasonable facility for ascertaining that the materials and the workmanship are in accordance with the Contract Documents, including but not limited to, the Standard Specifications, the Special Provisions, and the Plans. All labor, materials, and equipment furnished shall be subject to the Engineer's inspection. The Contractor shall notify the engineer at least twenty-four (24) hours before any inspection is required. If the Contractor is allowed by the Engineer to work outside the hours of operations specified in this Special Provisions, on weekends, or on days designated as holidays by the City, and if the Engineer decides that inspection services are required during such times, the costs for those services shall be borne by the Contractor. When the Work is substantially completed, a representative of the Engineer will make the final inspection. - END OF SECTION - 41 321 SECTION 2.4 - CONTROL OF MATERIALS 2.4.1 MATERIALS 2.4.1.1 GENERAL. The following is hereby added to this subsection of the Standard Specification: The Contractor and all subcontractors, suppliers, and vendors shall guarantee that the entire work will meet all requirements of this contract as to the quality of materials, equipment, and workmanship. The Contractor, at no cost to the AGENCY, shall make any repairs or replacements made necessary by defects in materials, equipment, or workmanship that become evident within one (1) years after the date of recordation of the Notice of Completion. Within this one-year period, the Contractor shall also restore to full compliance with requirements of this contract any portion of the work which is found to not meet those requirements. The Contractor shall hold the AGENCY harmless from claims of any kind arising from damages due to said defects or noncompliance. The Contractor shall make all repairs, replacements, and restorations within thirty (30) days after the date of the City Engineer's written notice. The Contractor shall place the order(s) for all long -lead supplies, materials, and equipment, for any traffic signing, striping, legends, and traffic control facilities within three (3) working days after the receipt of the Notice of Award from the City. The Contractor shall furnish the Engineer with a statement from the vendor(s) that the order(s) for said supplies, materials, and equipment has been received and accepted by said vendor(s) within fifteen (15) working days from the date of receipt of Notice of Award. 2.4.2 TRADE NAMES OR EQUALS 2.4.2.1 Substitutions. - Paragraph 2 of Subsection 4-6 of the Standard Specifications shall be amended to read as follows: Whenever any particular material, process, or equipment is indicated by a patent, proprietary, or brand name, or by the name of the manufacturer, such wording is used for the purpose of facilitating its description and shall be deemed to be followed by the words "or equal." A Bidder may offer any material, process, or equipment considered as equivalent to that indicated, unless the City Council, or its designee, makes a finding that is described in the invitation for bids or request for proposal that a particular material, product, thing, or service is designated by specific brand or trade name for any of the following purposes: 1. In order that a field test or experiment may be made to determine the product's suitability for future use. 42 322 2. In order to match other products in use on a particular public improvement either completed or in the course of completion. 3. In order to obtain a necessary item that is only available from one source. 4. In order to respond to an emergency declared by a local agency, but only if the declaration is approved by a four -fifths vote of the governing board of the local agency issuing the invitation for bid or request for proposals; or in order to respond to an emergency declared by the state, a state agency, or political subdivision of the state, but only if the facts setting forth the reasons for the finding of the emergency are contained in the public records of the authority issuing the invitation for bid or request for proposals. Failure of the Bidder to submit requests for substitution with the Bid, using the form provided in Appendix C of the Contract Documents, shall be deemed to signify that the Bidder, if awarded the contract, intends to furnish one of the brands named in these Special Provisions and the Bidder does thereby waive all rights to offer or use substitute materials, products, or equipment for that which was originally specified. Data substantiating a request for substitution of an "or equal" item shall be submitted either with the Bid or not later than ten (10) days following the Bid opening, and will not be considered until after execution of the Agreement by all parties. 2.4.2.2 Submittals for Approval of "Or Equals." — The first sentence of Paragraph 3 of Subsection 4-6 of the Standard Specifications shall be amended to read as follows: Should the Contractor request approval for substitution of "or equal" products, it shall, at its expense, submit data substantiating such request to the Engineer as per Subsection above. Data for approval to substitute "or equal" products shall include complete calculations, technical specifications, samples, or published documents relating to the performance and physical characteristics of the proposed substitute. - END OF SECTION - 43 323 SECTION 2.5 — Legal Relations and Responsibilities 2.5.1 LABOR 2.5.1.1 General. The following is hereby added to this subsection of the Standard Specifications: The Contractor, and all subcontractors, suppliers, and vendors, shall comply with all AGENCY, State and Federal orders regarding affirmative action to ensure equal employment opportunities and fair employment practices. Failure to file any report due under said orders will result in suspension of periodic progress payments. The Contractor shall ensure unlimited access to the job site for all equal employment opportunity compliance officers. In accordance with the labor Code, as provided in Section 1773 et seq., the City has on file in the City Clerk's office the latest prevailing rates as established by the Director of Industrial Relations of the State of California. The Contractor shall not pay less than these rates. 2.5.2 INSURANCE. 2.5.2.1 General Liability Insurance. The liability insurance coverage values are hereby amended to be: Insurance Coverage Requirements Limit Requirements Comprehensive General Liability $2,000,000 Product/Completed Operations Hazard $2,000,000 Comprehensive Automobile Liability $2,000,000 Contractual General Liability $2,000,000 Worker's Compensation Statute A combined single limit policy with aggregate limits in the amount of $4,000,000 will be considered equivalent to the required minimum limits. A pro forma copy of the policy(s) shall be submitted to the City. A certificate of endorsement naming the City and its Agents as additional insured identifying the coverage limits, dates of coverage insurance provided, and project number is required. 2.5.3 SAFETY. 2.5.3.1 Work Site Safety. 2.5.3.2 General. Subsection 2.5.3.2 is hereby added to Section 5 of the Standard Specifications as follows: It is part of the service required of the Contractor to make whatever provisions are necessary to protect the public. The Contractor shall use foresight and shall take such 44 324 steps and precautions as its operations warrant to protect the public from danger, loss of life or loss of property, which would result from interruption or contamination of public water supply, interruption of other public services, or from the failure of partly completed work or partially removed facilities. Unusual conditions may arise on the work, which will require that immediate and unusual provisions be made to protect the public from danger or loss, or damage to life and property, due directly or indirectly to prosecution of work under this contract. Whenever, in the opinion of the Engineer, an emergency exists against which the Contractor has not taken sufficient precaution for the public safety, protection of utilities and protection of adjacent structures or property, which may be damaged by the Contractor's operations and when, in the opinion of the Engineer, immediate action shall be considered necessary in order to protect the public or property due to the Contractor's operations under this contract, the Engineer will order the Contractor to provide a remedy for the unsafe condition. If the Contractor fails to act on the situation within a reasonable time period, the Engineer may provide suitable protection to said interests by causing such work to be done and material to be furnished as, in the opinion of the Engineer may seem reasonable and necessary. The cost and expense of said labor and material, together with the cost and expense of such repairs as are deemed necessary, shall be borne by the Contractor. All expenses incurred by the AGENCY for emergency repairs will be deducted from the progress payments and the final payment due to the Contractor. However, if the AGENCY does not take such remedial measures, the Contractor is not relieved of the full responsibility for public safety. - END OF SECTION - 45 325 SECTION 2.6 — PROSECUTION AND PROGRESS OF THE WORK 2.6.1 CONSTRUCTION SCHEDULE AND COMMENCEMENT OF WORK. The following is hereby added to this subsection of the Standard Specifications: The Contractor's proposed Construction Schedule shall be submitted to the Engineer within ten working days after the date of the Agency's execution of the Contract Agreement. The schedule shall be supported by written statements from each supplier of materials or equipment indicating that all orders have been placed and acknowledged and setting forth the dates that each item will be delivered. Prior to issuing the Notice to Proceed, the Engineer will schedule a preconstruction meeting with the Contractor to review the proposed Construction Schedule and delivery dates, arrange utility coordination, discuss construction methods, and clarify inspection procedures. The Contractor shall submit periodic Progress Reports to the Engineer by the last day of each month. The Report shall include an updated Construction Schedule. Any deviations from the original schedule shall be explained. Progress payments will be withheld pending receipt of any outstanding reports. 2.6.2 TIME OF COMPLETION After the Agreement has been executed by all parties, and a written Notice to Proceed has been issued to the Contractor, the Contractor shall start the Work within ten (10) working days after the date specified in said Notice to Proceed. Said Work shall be diligently prosecuted to completion before the expiration of: SIXTY (60) CALENDAR DAYS from the date specified in a written Notice to Proceed from the City. 2.6.3 DEFAULT BY CONTRACTOR 2.6.3.1 The provisions Subsection 6-7 of the Standard Specifications shall be deleted in their entirety and the following substituted therefor: The Agreement may be cancelled by the City Council without liability for damages, upon the City Council's determination that the Contractor is not complying in good faith with the terms of the Agreement, has become insolvent, or has assigned or subcontracted any part of the Work without the City Council's consent. In the event of such cancellation, the Contractor will be paid the actual amount due based on Unit Prices or lump sums bid and the quantity of Work completed at the time of cancellation. Any damages sustained by the City due to acts or omissions of the Contractor 46 326 will be subtracted from this amount. The Contractor, in having tendered a Bid, shall be deemed to have waived any and all claims for damages because of cancellation of the Agreement for any of the reasons specified in this paragraph. If the City declares the Agreement canceled for any of the reasons specified in this paragraph, written notice to that effect shall be served by the City via personal delivery or by certified mail (return receipt requested) upon Contractor's Surety. The Surety shall, within five (5) working days after receiving the written notice, assume control and perform the work as successor to the Contractor. If the Contractor fails to: begin delivery of material and equipment; commence work within time specified; maintain the rate of delivery of material; execute the work in the manner and at such locations as specified; maintain a work program which will ensure the City's interest; or carry out the intent of the Agreement; written notice may be served by the City via personal delivery or by certified mail (receipt requested) upon the Contractor and its Surety on its Performance Bond demanding satisfactory compliance with the Agreement. If the Contractor or its Surety does not comply with such notice within five (5) working days after receiving it, or fails to continue after starting to comply, the City may exclude the Contractor and/or its Surety from the premises and take possession of all material and equipment. The City may complete the Work in any manner consistent with applicable California law, including but not limited to use of its own forces, or by letting the unfinished work to another Contractor. In any event, the cost of completing the Work shall be charged against the Contractor and its Surety and may be deducted from any money due or becoming due from the City. If the sums due under the Agreement are insufficient, the Contractor or Surety shall pay to the City, within five (5) working days after the completion of the unfinished work, all costs in excess of the sums due. If the Surety assumes any part of the Work, it shall take the Contractor's place in all respects for that part and shall be paid by the City for all work performed by it in accordance with the Agreement. If the Surety assumes the entire Agreement, all money due the Contractor at the time of its default shall be payable to the Surety as the work progresses, subject to the terms of the Agreement. The provisions of this Subsection shall be in addition to all other rights and remedies available to the City under law. 2.6.4 DAYS DESIGNATED AS HOLIDAYS BY THE CITY OF LYNWOOD 2.6.4.1 Days Designated as Holidays by the City of Lynwood. - In accordance with the Standard Specifications, the days designated as holidays by the City are: 47 327 New Year's Day Martin Luther King's Birthday Cesar Chavez' Birthday Christmas Day Independence Day Labor Day Thanksgiving Day Memorial Day Any holiday shown above that falls on a Sunday shall be observed the following Monday. 2.6.4.2 Days Designated as Holidays by BOTH the State of California AND the United States Federal Government. - In addition to the holidays specified in §2.6.4.1, holidays observed by BOTH the State of California AND the United States federal government shall also be granted by the City and are designated as follows: Presidents' Day Veterans' Day Columbus Day Any holiday shown above that falls on a Sunday shall be observed the following Monday. 2.6.5 LIQUIDATED DAMAGES 2.6.5.1 Amount. - The amount of Liquidated Damages as specified in Section 6-9 of the Standard Specifications shall not apply. The applicable amount of Liquidated Damages shall be specified in the Agreement. 2.6.6 TIMES OF OPERATION 2.6.6.1 Hours of Operation. - No construction activities shall take place and no person shall operate, permit, use, or cause to operate any of the following, other than between the hours of 7:00 a.m. to 3:30 p.m. (9:00 a.m. to 3:00 p.m. for work involving arterial streets), Monday through Friday, with no work allowed on City - observed holidays, unless otherwise approved by the Engineer: 1. Powered Vehicles 2. Construction Equipment 3. Loading and Unloading Vehicles 4. Domestic Power Tools 2.6.7 NOTIFICATION The Contractor shall notify the City of Lynwood and the owners of all utilities, subsurface installations and substructures not less than forty-eight (48) hours prior to starting construction. The following list of names and telephone numbers is intended for the convenience of the Contractor and is not guaranteed to be complete or correct: AT&T (310) 515-2419 City of Lynwood (310) 603-0220 48 328 City of Lynwood Water & Sewer Consolidated Disposal Services (trash collection) Los Angeles County Fire Department (Sta. 147) Los Angeles County Fire Department (Sta. 148) L.A. County Public Works/Flood Control Los Angeles County Sheriff's Department MV Transportation, Inc. (bus service) Lynwood Unified School District Park Water Company Southern California Edison Southern California Gas Time Warner Cable Underground Service Alert U.S. Postal Service (800) 655-4555 or (562) 259-2015 or (310) 603-0220, Ext. 800 (562) 577-6277 (310) 605-5670 (310) 603-5270 (626) 458-5100 (323) 508-4800 (562) 259-9911 (310) 605-5670 (562) 923-0711 (310) 608-5005 (310) 605-7909 (888) 892-2253 (800) 227-2600 (800) 275-8777 The Contractor shall notify the U.S. Postal Service and trash collection company of all work areas affecting service five (5) working days prior to construction and shall coordinate the work so that these services are not interrupted. 2.6.8 CONSTRUCTION SCHEDULE The provisions of Subsection 6-1 of the Standard Specifications shall be amended as set forth in the following Subsections: 2.6.8.1 Schedule of Work. - A schedule of Work as required under Section 6-1 of the Standard Specifications shall be provided by the Contractor at the pre - construction meeting. 2.6.8.2 Method. - The Contractor shall provide a project management tool in the form of a Critical Path Method (CPM) network schedule for planning and scheduling of all work required under the Agreement. All schedule reports shall be in the form of computer printouts. The Contractor may elect to use bar charts (Gantt charts) as a supplementary on -site scheduling tool; provided, that all such bar charts shall be generated in the computer from the approved CPM network schedule. CPM schedules may be submitted in either arrow diagram or time -scaled precedence diagram format, subject to the requirements of these Special Provisions. 2.6.8.3 Qualifications. - A statement of computerized CPM capability shall be submitted in writing prior to the award of the Contract, and shall verify that either the Contractor's organization has in-house capability to prepare and use CPM scheduling techniques, or that the Contractor will employ a CPM consulting firm who is so qualified. 2.6.8.4 Submittal Procedures. - Within twenty (20) working days of execution of the Agreement by all parties, and within ten (10) working days of the Engineer's 49 329 written request at any other time, the Contractor shall submit the schedule and schedule reports in the form specified herein. The Contractor, if requested by the Engineer, shall provide revised network diagrams and schedule reports if at any time the Engineer considers the completion date to be in jeopardy because of "activities behind schedule." Such additional network diagrams and reports shall include a new arrow or precedence diagram and schedule reports conforming to the requirements of Subsection 2.6.8.7 of these Special Provisions, showing how the Contractor intends to accomplish the Work to meet the completion time specified. The form and method employed by the Contractor shall be the same as that required for the initial schedule submittal. 2.6.8.5 Schedule Revisions. - The Contractor shall modify any and all portions of the construction schedule that become infeasible because of activities or procurement behind schedule, or for any other valid reason. Any activity that cannot be completed by its original latest completion date shall be deemed to be behind schedule. 2.6.8.6 Change Orders. - Upon issuance of a Change Order or other Contract modification, the approved change shall be reflected in the next submittal of the Construction Schedule. 2.6.8.7 Approved Standards. - 2.6.8.7.1 Definition. - CPM scheduling, as required under this Section, shall be interpreted to be generally as outlined in the Associated General Contractors of America publication, "The Use of CPM in Construction," as amended by these Special Provisions. 2.6.8.7.2 Construction Schedules. - Construction schedules shall include computer -generated graphic networks and computerized construction schedule reports meeting requirements of this Section. 2.6.8.7.3 Networks. - The CPM scheduling network shall be in the form of a time -scaled arrow or time -scaled precedence diagram of the "activity -on - arrow" or the "activity on node" type and may be divided into separate pages with suitable notation relating to the interface points between the pages. Individual pages shall not exceed thirty-six (36) by sixty (60) inch sheet size. Notation on each activity arrow or node shall include a brief work description and duration estimate. All construction activities and procurement shall be indicated in a time - scaled format and calendar scale shall be shown along the entire sheet length. Each activity arrow or node shall be plotted so that the beginning and completion days and free float time of said activity can be determined graphically by comparison with the calendar scale. All activities shall be shown using symbols that clearly distinguish between critical path activities SO 330 and free float for each non -critical activity. All non -critical path activities shall show estimated performance time and free float time in scaled format. 2.6.8.7.4 Duration Estimates. - The duration estimates indicated for each activity shall be computed in working days, converted to calendar days, and shown on the construction schedule in calendar days, and shall represent the single, best estimate considering the scope of the Work and resources planned for the activity. Except for certain non -labor activities, such as curing of concrete, paint drying, procurement, or delivering of materials, activity duration shall not exceed ten (10) working days [fourteen (14) calendar daysi nor be less than one (1) working day, unless otherwise accepted by the Engineer. 2.6.8.7.5 Schedule Reports. - Schedule Reports shall be prepared from the initial construction schedule and from all subsequent revisions of the schedule. As a minimum, Schedule Reports shall contain the following data for each activity: 1. Activity numbers (or i-j numbers) 2. Estimated activity duration 3. Activity description (including procurement items) 4. Early Start date (calendar dated) 5. Early Finish date (calendar dated) 6. Late Start date (calendar dated) 7. Late Finish date (calendar dated) 8. Status (whether critical) 9. Total Float for each activity 10. Free Float for each activity 2.6.8.7.6 Project Information. - As a minimum, each Schedule Report shall include the following summary data: 1. Project name 2. Contractor name 3. Sequence or revision number or date 4. Project duration 5. Scheduled completion date 6. Date of commencement of the Work 7. Cite new completion date, if applicable 2.6.8.8 Schedule Monitoring. — At least once a month, and when specifically requested by the Engineer, the Contractor shall submit to the Engineer a computer printout of the latest updated Schedule Report for those activities that remain to be completed. - END OF SECTION - 51 331 SECTION 2.7 — MEASUREMENT AND PAYMENT 2.7.1 GENERAL 2.7.1.1 Payment. — Paragraph 2 of Subsection 7-3.1 of the Standard Specifications shall be amended to read as follows: Payment for the various items of the Bid Schedule(s) shall include all compensation to be received by the Contractor for furnishing all tools, equipment, supplies, and manufactured articles, and for all labor, operations, and incidentals appurtenant to the items of work being described, as necessary to complete the various items of the Work in accordance with the requirements of the Contract Documents, including all appurtenances thereto, and including all costs of permits and costs of complying with the regulations of any public agencies having jurisdiction over Contractor or the Work, including, but not limited to, the Safety and Health Requirements of the California Division of Industrial Safety and the Occupational Safety and Health Administration of the U.S. Department of Labor (OSHA). No separate or additional payment will be made for any item that is not specifically set forth in the Bid Schedule(s), unless approved and covered by a subsequent Change Order(s) issued in accordance with the provisions of the Contract Documents and all costs for any such items shall be included in the prices named in the Bid Schedule(s) for the various appurtenant items of Work. 2.7.1.2 Progress and Final Payments. — Paragraphs 2 through 5 of Subsection 7-3.2. of the Standard Specifications shall be deleted in their entirety and the following substituted therefore: In order to receive monthly progress payments for Unit Price Bid Schedule(s), for work performed to the established closure date, the Contractor shall submit to the Engineer a billing invoice and an attachment containing a correct list of estimated quantities and work completed by the Contractor for the applicable Unit Price Bid Items listed in the Bid Schedule(s). Such invoice shall also include a statement of accumulated working days. The estimated quantities and work completed shall be verified by the Engineer prior to processing payment. In order to receive monthly progress payments for Lump Sum Bid Schedule(s), for work performed to the established closure date, the Contractor shall submit to the Engineer a billing invoice and an attachment containing a correct list of estimated quantities and work completed, in accordance with the Schedule of Values approved by the Engineer. Such invoice shall also include a statement of accumulated working days. The estimated quantities and work completed shall be verified by the Engineer prior to processing payment. When the entire Project has been satisfactorily completed, the Contractor shall submit its final billing invoice and required detailed attachment to the Engineer for the required verification and preparation of the final estimate. 52 332 Acceptance of any progress payment accompanying any estimate without written protest shall be an acknowledgment by the Contractor that the number of accumulated working days shown on the associated statement of working days is correct. Progress payments made by the City to the Contractor after the completion date of the Agreement shall not constitute a waiver of liquidated damages. Subject to the provisions of Section 22300 of the Public Contract Code, a ten percent (10%) retention will be withheld from each progress payment. All monthly invoices or payment requests, together with the required attachments detailing the number of days worked and estimates of quantities and work completed, shall be directed to and approved by the Engineer before submittal to the City for payment. Pursuant to the provisions of California Public Contract Code Section 20104.50, should City fail to make any progress payment within thirty (30) days after receipt of an undisputed and properly submitted payment request (or invoice) from Contractor, City shall be liable to pay interest on such late payment equivalent to the legal rate set forth in subdivision (a) of Section 685.010 of the California Code of Civil Procedure. Upon receipt of an invoice or payment request from Contractor, the City shall: (1) review the invoice as soon as practicable after receipt to determine that the invoice is a proper payment request / invoice; and (2) return to the Contractor within seven 7 days of receipt any invoice / payment request the City determines to be improper, accompanied by a writing setting forth the reasons for City's determination of impropriety. The number of days available to City to make a payment without incurring interest as set forth in this paragraph shall be reduced by the number of days the City exceeds the seven (7) day return period set forth in the previous sentence. The Contractor shall submit with each invoice the Contractor's conditional waiver of lien for the entire amount covered by such invoice and valid unconditional waivers of lien from the Contractor and all subcontractors and materialmen for all work and materials included in any prior invoices. Waivers of lien shall be in forms prescribed by California Civil Code Section 3262. Prior to final payment by City, Contractor shall submit a final waiver of lien for Contractor's work, together with releases of lien from any subcontractor or materialmen. 2.7.2 SCHEDULING, MEASUREMENTS AND PAYMENTS 2.7.2.1 Initial Mobilization: - The following paragraphs shall be added to the end of Subsection 7-3.4 of the Standard Specifications: Measurement for payment for Mobilization will be based upon completion of such work as a lump sum, non-proratable pay item, and shall require completion of all of the listed items during the first twenty-five (25) days following the Notice to Proceed. 53 333 Payment for Mobilization will be made at the lump sum allowance named in the Unit Price Bid Schedule(s) under the Bid Item, "Mobilization," which price shall constitute full compensation for all such work. Payment for mobilization will be made in the form of a single, lump -sum, non-proratable payment. The Bid Item, "Mobilization," will not be approved for payment until all mobilization items listed herein have been completed as specified. The scope of work included under the Bid Item, "Mobilization" shall include, but not be limited to, the following principal items: 1. Obtaining and paying for all bonds, insurance, and permits. 2. Moving onto the site all Contractor's plant and equipment required for first month's operations. 3. Installing temporary construction power, wiring, and lighting facilities. 4. Establishing fire protection system. 5. Developing and installing a construction water supply per the Standard Specifications. 6. Providing on -site sanitary facilities and potable water facilities as specified per Cal -OSHA. 7. Furnishing, installing, and maintaining all storage buildings or sheds required for temporary storage of products, equipment, or materials that have not yet been installed in the Work. All such storage shall meet manufacturer's specified storage requirements and the specific provisions of the specifications, including temperature and humidity control, if recommended by the manufacturer and for all security. 8. Arranging for and erection of Contractor's work and storage yard. 9. Posting all OSHA required notices and establishment of safety programs per Cal -OSHA and as required by the Standard Specifications. 10. Having the Contractor's superintendent at the job site full time as required under the Standard Specifications. 11. Submittal of required Construction Schedule as specified in Subsection 6-1 of the Standard Specifications. 12. Submittal of Proposed Construction Schedule on or before the Preconstruction Conference, acceptable to the Engineer, per Subsection 6-1 of the Standard Specifications and Subsection 2.6.8 of these Special Provisions. 54 334 13. Submittal of detailed Preliminary Construction Schedule for the Engineer's approval within seven (7) calendar days after the commencement date specified in the Notice to Proceed. 14. Submittal of an As -Planned Construction Schedule, embodying all corrections required by the Engineer, within thirty (30) calendar days of the date of the Notice to Proceed. No payment for mobilization can be made until this has been approved and submitted. 15. Providing and maintaining the field office trailers for the Contractor and the Engineer, complete, with all specified furnishings and utility services including telephones, telephone appurtenances, computer and printer, and copying machine per the Special Provisions. 16. Providing on -site communication facilities for the City and the Engineer, including telephones, radio pagers, and a FAX machine. In addition to the requirements specified above, all submittals shall conform to the applicable requirements of the Standard Specifications. No payment for any of the listed mobilization work items will be made until all of the listed items have been completed to the satisfaction of the Engineer. The aforementioned amount will be withheld by the City as the agreed, estimated value of completing all of the mobilization items listed. Any such withholding of money for failure to complete all such mobilization items as a lump sum item shall be in addition to the retention of any payments pursuant to the provisions of the Public Contract Code. 2.7.2.2 Demobilization - Measurement for payment for Demobilization will be based upon completion of such work as a lump sum, non-proratable pay item, and shall require completion of all of the Demobilization items listed herein. Payment for Demobilization will be made at the lump sum allowance named in the Bid Schedule(s) under the Bid Item, "Demobilization," which price shall constitute full compensation for all such work. Payment for Demobilization will be made in the form of a single, lump sum, non-proratable payment, no part of which will be approved for payment under the Agreement until all Demobilization items listed herein have been completed as specified. The scope of the work included under the Bid Item, "Demobilization" shall include but not be limited to the following principal items: 1. Provide and submit to the City a detailed written summary of the actual quantities of each bid item. 2. Complete clean up and remediation of all storage and staging sites. 3. Complete clean up and remediation, if required, of all haul routes utilized by Contractor's vehicles. 55 335 4. Comply with all terms of the Construction Permit. 5. Submit complete "AS -BUILT" plans. 6. Complete the project punch list. 2.7.2.3 Sheeting, Shoring, and Bracing or Equivalent Method. - Measurement for payment for temporary sheeting, shoring, and bracing, or equivalent method, will be based upon the completion of all planning, design, engineering, furnishing, and construction, and the removal and disposal of all such temporary sheeting, shoring, and bracing as a lump sum item, complete, as required under the provisions of any permits and in accordance with the requirements of OSHA and the Construction Safety Orders of the State of California, pursuant to the provisions of Section 6707 of the California Labor Code. Payment for temporary sheeting, shoring, and bracing, or equivalent method, will be made at the lump sum price named in the Bid Schedule(s) under the Item, "Sheeting, Shoring, and Bracing, or Equivalent Method", which price shall constitute full compensation for completion of all such work as required hereunder. - END OF SECTION - 56 336 SECTION 2.8 -- FACILITIES FOR AGENCY PERSONNEL (NOT REQUIRED) - END OF SECTION - 57 337 SECTION 2.9 - CONSTRUCTION DETAILS (MATERIALS AND METHODS) TABLE OF CONTENTS 2.9.1 General 2.9.2 Construction Materials 2.9.3 Construction Methods 2.9.1 GENERAL Section 2.10, "Construction Details", includes only technical provisions that add, delete, or revise that which is already covered in the Standard Specifications, or exercises a choice that is offered in the Standard Specifications, or adds subjects not covered in the Standard Specifications. 2.9.2 CONSTRUCTION MATERIALS 2.9.3 CONSTRUCTION METHODS - END OF SECTION 58 338 CITY OF LYNWOOD PUBLIC WORKS DEPARTMENT PART 3 - TECHNICAL PROVISION LYNWOOD CITYWIDE MONUMENTS PROJECT NO. 4011.68.117 IN THE CITY OF LYNWOOD 59 339 LYNWOOD CITYWIDE MONUMENTS PROJECT NO. 4011.68.117 TECHNICAL PROVISIONS All Bid Items shall be in accordance with the Greenbook Standard Specifications for Public Works Construction (SSPWC) and Standard Plans for Public Works Construction (SPPWC), Latest Edition including supplements, State of California Caltrans Standard Plans and Specifications, Latest Edition, and the Special Provisions and General Conditions of these specifications. Bid Item No. 1— Mobilization/Demobilization Mobilization shall conform to the provisions of the Standard Specifications. Mobilization and demobilization shall consist of preparatory work and operations including, but not limited to, those necessary for the movement of personnel, equipment, materials, and incidentals to the project site necessary for work on the project and for all other work and operations which must be performed or costs incurred including bonds, insurance, and financing prior to beginning work on the various contract items on the project site. Mobilization shall also include the time, materials, and labor to move the necessary construction equipment to and from the site, supervisory time on the job by the Contractor's personnel to keep the construction site in a safe condition, and all other related work as required at all times and for all non- working days during the construction period. The Contractor is responsible for securing an adequate storage site for equipment and materials. Demobilization includes removal of all equipment and materials from the site, clean up and restoration of the work site at the end of project. No additional amounts shall be paid for erosion control, Best Management Practices (BMP), erosion damage clean-up, and removal of debris from the project site, NPDES requirements, or removal of soil deposited on public streets by construction traffic. Best Management Practices (BMP) shall be defined as any program, technology, process, citing criteria, operating method, measure, or device, which controls, prevents, removes, or reduce pollution. The Contractor shall have a minimum of two readily accessible copies of each publication on the Contract site at all times plus any copies of applicable environmental mitigation plans. Additional BMPs may be required as a result of a change in actual field conditions, Contractor activities, or construction operation. When more than one BMP is listed under each specific BMP category, the Contractor shall select the appropriate and necessary number of BMPs within each category in order to achieve the BMP objective. 60 340 BMPs for Contractor activities shall be continuously implemented throughout the year and project time period. BMPs for erosion control and sedimentation shall be implemented during the period from October 15 to April 15, and whenever the National Weather Service predicts rain within 24 hours. BMPs for erosion control and sedimentation shall also be implemented prior to the commencement of any Contractor activity or construction operation, which may produce run-off, and whenever run-off from other sources may occur. The Agency (City), as a permittee thereto, is subject to enforcement actions by the State Water Resources Control Board, Environmental Protection Agency, and private citizens. The Agency will pass through to the Contractor any penalty assessed by these entities for each calendar day that the Contractor has not fully implemented the BMPs specified for the Contract and/or is otherwise in noncompliance with these provisions. In addition, the Agency will deduct, from the final payment due the Contractor, the total amount of any fines levied on the Agency, plus legal and staff costs, as a result of the Contractor's lack of compliance with these provisions and/or less than complete implementation of the specified BMPs. Payment for Mobilization / Demobilization shall include full compensation for obtaining all business licenses and permits, as required for the entire project, from all related agencies, including, but not limited to, utility companies, private and public agencies and the City of Lynwood; and complying with the requirements specified in those licenses and permits; coordination, field office facility, implementation of Best Management Practices, and incidentals necessary to perform all related items of work. Bid Item No. 2— Traffic Control Traffic control, Traffic control plan, construction signing and traffic maintenance shall comply with the provisions of the Standard Specification, Subsection 56-2 of the Caltrans Standard Specifications, and the current requirements set forth in the "Manual of Traffic Controls for Construction and Maintenance Work Zones" published by the Department of Transportation, State of California, and latest California Manual on Uniform Traffic Control Devices (CA-MUTCD), the traffic control plans and these Special Provisions. The Contractor shall maintain the following clearances from the edge of traffic lanes: 1) 5 feet to any excavation, 2) 2 feet to curbs or temporary concrete barriers, 3) 10 feet to poles and other obstructions on uncurbed roadways. If determined by the City Engineer that it is necessary to decrease these minimum distances to allow for the prosecution of the work, the Contractor shall provide all protective devices required by the City Engineer to adequately protect the public. PUBLIC CONVENIENCE 61 341 The Contractor shall be responsible for adequate barricading of the work area and controlling of traffic in the vicinity of the project and shall conform to the provisions of the Standard Specifications. PROTECTION OF WORK AND PUBLIC The Contractor shall take all necessary measures to protect work and prevent accidents during any and all phases of the work. The Contractor shall repair all damaged pavement as a result of damage (i.e., vehicle tracks, footprints, graffiti, etc.) If deemed necessary by the City, the Contractor shall repair the defective area in accordance with these special provisions. CONSTRUCTION SIGNING Construction signing shall consist of furnishing, installing, maintaining and removing construction signs and barricades as required by the "Manual of Traffic Controls for Construction and Maintenance Work Zones". The traffic control system shall be installed on a road prior to starting work for that road and shall not be removed until all work has been completed on that road. Existing speed limit signs, which conflict with the work zone speed limit, shall be covered during the entire construction period. TRAFFIC MAINTENANCE The Contractor shall be responsible for handling vehicular and pedestrian traffic in accordance with the Standard Specifications and these Special Provisions. The Contractor shall prepare all necessary traffic control plans and submit to the City for approval at the pre -construction meeting. The traffic control plans shall be prepared by a Traffic Engineer Licensed in the State of California and shall show: 1. Notification Signs. 2. Existing and temporary lane lines. 3. Dimensions of the work zone and street improvements. 4. Advance warning signs. 5. Delineators The plans shall be submitted to the City no later than the Pre -Construction meeting and shall incorporate a complete and separate plan for each stage of construction proposed by the Contractor. This plan shall indicate the sequence of lanes or portions of lanes being closed for each phase. The traffic control plans shall indicate the travel plan for each phase of construction. The traffic control plans shall state: 1. That the plan will conform to the "California Manual on Uniform Traffic Control Devices (CA-MUTCD)" Latest Edition. 2. Emergency contact person and phone number. 3. Minimum lane widths and minimum clearance to obstructions. 62 342 The traffic control plan shall be reviewed and accepted by the City Engineer prior to beginning any removals. The Contractor shall cooperate with the City Engineer relative to handling traffic through all work areas and shall make his own arrangements relative to keeping the working area clear of parked vehicles and maintaining clear access to driveways. The Contractor shall furnish and install construction notification signs as shown on traffic control plans and as specified by the City of Lynwood. The Contractor shall provide for controlled pedestrian crossings through the work. Crossings shall provide pedestrians a means of passing over or through the work without tracking tack coat or hot asphalt on existing concrete work or endangering pedestrian safety. At intersections, if a cross road needs to be temporarily closed when work is in progress through the intersection and the anticipated traffic delay is more than five (5) minutes, a detour sign shall be installed on the cross street and shall include the installation of advance signing displaying the anticipated delay time. The signing of the detour route shall be approved by the City Engineer prior to installation of the detour and closure of the road. The Contractor shall provide for one lane of travel in each direction at all times unless approved by the City Engineer. When two-way traffic is restricted to one lane in each direction, and when applying an overlay past intersecting roads, traffic shall be controlled as required by the "Manual of Traffic Controls for Construction and Maintenance Work Zones". A pilot car and driver will be required at various locations if control by flaggers and/or control devices proves deficient in the opinion of the City Engineer. In no case shall the Contractor provide less than one (1) lane of travel in each direction through the construction zone including cross -streets, except if an alternative plan is approved by the City Engineer. Contractor's equipment and personal vehicles of the Contractor's employees shall not be parked on the traveled way at any time. Overnight parking of construction equipment shall be confined to an approved storage site selected by the Contractor and approved by the City. TEMPORARY GUIDE MARKERS Temporary guide markers shall be portable Caltrans, Standard Specifications approved delineators. Only one type of temporary guide marker shall be used on any road at any one time. Temporary guide markers shall be placed adjacent to the edge of all vertical lips or excavations that exceed 1 inch. If the temporary guide markers are damaged, or are not in an up -right position, from any cause, said markers should immediately be replaced or restored to their original locations, in an upright position by the Contractor. 63 343 PORTABLE DELINEATORS The vertical portion of the portable delineators shall be brilliant orange or predominantly orange in color. The posts shall be not less than 100 square inches, measured through the vertical axis of the delineator, normal to the roadway. The minimum height shall be thirty-seven (37) inches above the traveled way. Two 4 -inch nominal width reflective bands shall be mounted a minimum of 1 1/2 inches apart and at a height on the post so that one reflective band will be between 2.5 feet and 3 feet above the roadway surface. Reflective bands shall be flexible vinyl plastic, either white or yellow, and shall have not less than the following dry reflective values at a 0.2 degree divergence angle, expressed I units if candlepower per foot-candle per square foot. The wet reflective values shall not be less than ninety percent (90%) of the dry values. Dry Reflective Value Angle of Incidence 4° 5° 30° White 250 165 50 Yellow 10 110 50 All tests for reflective values shall be performed in accordance with Test Method No. Calif. 642. The portable delineators shall be spaced as necessary for proper delineation; however, in no case shall the spacing between portable delineators exceed thirty (30) feet on tangents or twenty (20) feet on curves. FLUORESCENT TRAFFIC CONES Provide lighted flashers and lighting for night time. Fluorescent traffic cones shall be new or reconditioned and of good commercial quality, flexible material suitable for the purpose intended. The outer section of the portion above the base of the cone shall be highly pigmented fluorescent orange polyvinyl compound. The cone shall be anchored in a manner such that the traffic cone will remain in an upright position. The fluorescent traffic cones shall be spaced as necessary for proper delineation; however, in no case shall the spacing between fluorescent cones exceed thirty (30) feet on tangents or twenty (20) feet on curves. RESTRICTIONS ON CLOSURE OF STREETS AND TRAFFIC LANES The Contractor shall conduct all operations so as to provide access to the adjoining properties and have no greater length or quantity of work under construction that can be properly prosecuted with a minimum of inconvenience to the public. 64 344 Payment for Traffic Control shall include full compensation for providing safe traffic control systems, preparing and providing traffic control plan during the project, obtaining all approvals and permits, as required, from all related agencies, including, but not limited to, public agencies and the City of Lynwood; and complying with the requirements specified in those licenses and permits, coordination, field office facility; and incidentals necessary to perform all related items of work. Bid Item No. 3— Fabricate and Install Monument Signs This item shall be paid for on an 'Each' (EA) basis and shall include furnishing all labor, equipment, tools and materials necessary for fabrication of 10'-8"' x 5'-4" aluminum and concrete monument sign per direction of City, quantity shown in bid schedule. The price of this item shall also include providing concrete footing per engineering and City requirements, connection of electrical to recessed lighting, and any incidentals for doing the work involved in fabricating and installing the Monument signs per project plans, details and specifications. Bid Item No. 4— Fabricate and Install Monument Signs This item shall be paid for on an 'Each' (EA) basis and shall include furnishing all labor, equipment, tools and materials necessary for fabrication of 4'-10" x 5'-9" aluminum and concrete monument sign per direction of City, quantity shown in bid schedule. The price of this item shall also include providing concrete footing per engineering and City requirements, connection of electrical to recessed lighting, and any incidentals for doing the work involved in fabricating and installing the Monument signs per project plans, details and specifications. Bid Item No. 5— Fabricate and Install Monument Signs This item shall be paid for on an 'Each' (EA) basis and shall include furnishing all labor, equipment, tools and materials necessary for fabrication of 15'-11" x 1'-3" aluminum and concrete monument sign per direction of City, quantity shown in bid schedule. The price of this item shall also include providing concrete footing per engineering and City requirements, connection of electrical to recessed lighting, and any incidentals for doing the work involved in fabricating and installing the Monument signs per project plans, details and specifications. Bid Item No. 6, 7, 8, 9, 10— Removal and Transport of Existing Monument Signs This item shall be paid for on an 'Each' (EA) basis and shall include furnishing all labor, equipment, tools and materials necessary for removal of existing monument signs and transporting to a facility for storage per direction of City. The price of this item shall also include providing packaging of Monument Signs to ensure no damage will occur during transport. 65 345 CITY OF LYNWOOD PUBLIC WORKS DEPARTMENT APPENDICES LYNWOOD CITYWIDE MONUMENTS CITY OF LYNWOOD 4.1 Appendix A — Department of Industrial Relations (DIR) Contractor Registration Number Form 4.2 Appendix B — Contract Change Order (CCO) Form 4.3 Appendix C — Substitution Request Form 4.4 Appendix D — Labor Code Sections 1771, 1775, 1777.5, 1813 and 1815 4.5 Appendix E — Project Sign 4.6 Appendix F - Trash Collection Schedule 4.7 Appendix G — Engineering Plans (Contract Drawings) 66 346 APPENDIX "A" Department of Industrial Relations (DIR) Contractor Registration Number Form 67 347 Department of Industrial Relations (DIR) Contractor Registration Number Beginning July 1, 2014, contractors must register with the Department of Industrial Relations (DIR) before bidding on public works contracts in California. For more information, please refer to this section of the Department of Industrial Relations Website: http://www.dir.ca.gov/Public-Works/PublicWorks.html. Per this requirement, provide the following information: Contractor Name Contractor Department of Industrial Relations Registration Number: Expiration Date of Registration Number *(THIS FORM MUST BE SUBMITTED WITH THE SEALED BID) * 68 348 APPENDIX "B" CONTRACT CHANGE ORDER (CCO) FORM 69 349 CONTRACT CHANGE ORDER (CCO) FORM CITY OF LYNWOOD DEPARTMENT OF PUBLIC WORKS Date: CCO No. Project Title: LYNWOOD CITYWIDE MONUMENTS Plan Reference: Item Reference: Contractor: Show as separate numbered paragraphs: (1) Reason for Change; (2) Description of Change; (3) Location of change (Stations, etc.); (4) Change in Contract Cost; (5) Extension of Contract, if warranted; (6) New Contract Total Including All Change Orders. 70 350 APPENDIX "C" SUBSTITUTION REQUEST FORM 71 351 SUBSTITUTION REQUEST FORM TO: PROJECT: LYNWOOD CITYWIDE MONUMENTS PROJECT NO: OWNER: CITY OF LYNWOOD SPECIFIED ITEM: Section Page Paragraph Description The undersigned requests consideration of the following: PROPOSED SUBSTITUTION: Attached data includes product description, specifications, drawings, photographs, performance and test data adequate for evaluation of the request. Applicable portions of the data are clearly identified. The undersigned states that the following paragraphs, unless modified on attachments, are correct: 1. The proposed substitution does not affect dimensions shown on Drawings and will not require a change in any of the Contract Documents. 2. The undersigned will pay for changes to the design, including engineering design, detailing, and construction costs caused by the requested substitution which is estimated to be 3. The proposed substitution will have no adverse effect on other contractors, the construction schedule (specifically the date of substantial completion), or specified warranty requirements. 4. Maintenance and service parts will be locally available for the proposed substitution. 5. The incorporation or use of the substitute in connection with the work is not subject to payment of any license fee or royalty. The undersigned further states that the function, appearance, and quality of the Proposed Substitution are equivalent or superior to the Specified Item. Submitted by Contractor: Reviewed by Engineer: SIGNATURE: ❑ ACCEPTED FIRM: o ACCEPTED AS NOTED ❑ NOT ACCEPTED DATE: E RECEIVED TOO LATE TELEPHONE: BY: TITLE: DATE: ATTACHMENTS: REMARKS: 72 352 APPENDIX D Labor Code Sections 1771, 1775, 1776, 1777.5, 1813 and 1815 73 353 Labor Code Section 1771 Requirement of prevailing local rate for work under contract Except for public works projects of one thousand dollars ($1,000) or less, not less than the general prevailing rate of per diem wages for work of a similar character in the locality in which the public work is performed, and not less than the general prevailing rate of per diem wages for holiday and overtime work fixed as provided in this chapter, shall be paid to all workers employed on public works. This section is applicable only to work performed under contract, and is not applicable to work carried out by a public agency with its own forces. This section is applicable to contracts let for maintenance work. Labor Code Section 1775 Forfeiture for paying less than prevailing wage rates; Amount of penalty; Payments to workers; Liability of prime contractor; Notification of complaint (a) (1) The contractor and any subcontractor under the contractor shall, as a penalty to the state or political subdivision on whose behalf the contract is made or awarded, forfeit not more than fifty dollars ($50) for each calendar day, or portion thereof, for each worker paid less than the prevailing wage rates as determined by the director for the work or craft in which the worker is employed for any public work done under the contract by the contractor or, except as provided in subdivision (b), by any subcontractor under the contractor. (2) (A) The amount of the penalty shall be determined by the Labor Commissioner based on consideration of both of the following: (i) Whether the failure of the contractor or subcontractor to pay the correct rate of per diem wages was a good faith mistake and, if so, the error was promptly and voluntarily corrected when brought to the attention of the contractor or subcontractor. (ii) Whether the contractor or subcontractor has a prior record of failing to meet its prevailing wage obligations. (B) (i) The penalty may not be less than ten dollars ($10) for each calendar day, or portion thereof, for each worker paid less than the prevailing wage rate, unless the failure of the contractor or subcontractor to pay the correct rate of per diem wages was a good faith mistake and, if so, the error was promptly and voluntarily corrected when brought to the attention of the contractor or subcontractor. (ii) The penalty may not be less than twenty dollars ($20) for each calendar day, or portion thereof, for each worker paid less than the prevailing wage rate, if the contractor or subcontractor has been assessed penalties within the previous three years for failing to meet its prevailing wage obligations on a separate contract, unless those penalties were subsequently withdrawn or overturned. (iii) The penalty may not be less than thirty dollars ($30) for each calendar day, or portion thereof, for each worker paid less than the prevailing wage rate, if the Labor Commissioner determines that the violation was willful, as defined in subdivision (c) of Section 1777.1. (C) When the amount due under this section is collected from the contractor or subcontractor, any outstanding wage claim under Chapter 1 (commencing with Section 1720) of Part 7 of Division 2 against that contractor or subcontractor shall be satisfied before applying that amount to the penalty imposed on that contractor or subcontractor pursuant to this section. 74 354 (D) The determination of the Labor Commissioner as to the amount of the penalty shall be reviewable only for abuse of discretion. (E) The difference between the prevailing wage rates and the amount paid to each worker for each calendar day or portion thereof for which each worker was paid less than the prevailing wage rate shall be paid to each worker by the contractor or subcontractor, and the body awarding the contract shall cause to be inserted in the contract a stipulation that this section will be complied with. (b) If a worker employed by a subcontractor on a public works project is not paid the general prevailing rate of per diem wages by the subcontractor, the prime contractor of the project is not liable for any penalties under subdivision (a) unless the prime contractor had knowledge of that failure of the subcontractor to pay the specified prevailing rate of wages to those workers or unless the prime contractor fails to comply with all of the following requirements: (1) The contract executed between the contractor and the subcontractor for the performance of work on the public works project shall include a copy of the provisions of Sections 1771, 1775, 1776, 1777.5, 1813, and 1815. (2) The contractor shall monitor the payment of the specified general prevailing rate of per diem wages by the subcontractor to the employees, by periodic review of the certified payroll records of the subcontractor. (3) Upon becoming aware of the failure of the subcontractor to pay his or her workers the specified prevailing rate of wages, the contractor shall diligently take corrective action to halt or rectify the failure, including, but not limited to, retaining sufficient funds due the subcontractor for work performed on the public works project. (4) Prior to making final payment to the subcontractor for work performed on the public works project, the contractor shall obtain an affidavit signed under penalty of perjury from the subcontractor that the subcontractor has paid the specified general prevailing rate of per diem wages to his or her employees on the public works project and any amounts due pursuant to Section 1813. (c) The Division of Labor Standards Enforcement shall notify the contractor on a public works project within 15 days of the receipt by the Division of Labor Standards Enforcement of a complaint of the failure of a subcontractor on that public works project to pay workers the general prevailing rate of per diem wages Labor Code Section 1777.5 Employment of apprentices on public works (a) Nothing in this chapter shall prevent the employment of properly registered apprentices upon public works. (b) Every apprentice employed upon public works shall be paid the prevailing rate of per diem wages for apprentices in the trade to which he or she is registered and shall be employed only at the work of the craft or trade to which he or she is registered. (c) Only apprentices, as defined in Section 3077, who are in training under apprenticeship standards that have been approved by the Chief of the Division of Apprenticeship Standards and who are parties to written apprentice agreements under Chapter 4 (commencing with Section 3070) of Division 3 are eligible to be employed at the apprentice wage rate on public works. The employment and training of each apprentice shall be in accordance with either of the following: (1) The apprenticeship standards and apprentice agreements under which he or she is training. (2) The rules and regulations of the California Apprenticeship Council. 75 355 (d) When the contractor to whom the contract is awarded by the state or any political subdivision, in performing any of the work under the contract, employs workers in any apprenticeable craft or trade, the contractor shall employ apprentices in at least the ratio set forth in this section and may apply to any apprenticeship program in the craft or trade that can provide apprentices to the site of the public work for a certificate approving the contractor under the apprenticeship standards for the employment and training of apprentices in the area or industry affected. However, the decision of the apprenticeship program to approve or deny a certificate shall be subject to review by the Administrator of Apprenticeship. The apprenticeship program or programs, upon approving the contractor, shall arrange for the dispatch of apprentices to the contractor. A contractor covered by an apprenticeship program's standards shall not be required to submit any additional application in order to include additional public works contracts under that program. "Apprenticeable craft or trade," as used in this section, means a craft or trade determined as an apprenticeable occupation in accordance with rules and regulations prescribed by the California Apprenticeship Council. As used in this section, "contractor" includes any subcontractor under a contractor who performs any public works not excluded by subdivision (o). (e) Prior to commencing work on a contract for public works, every contractor shall submit contract award information to an applicable apprenticeship program that can supply apprentices to the site of the public work. The information submitted shall include an estimate of journeyman hours to be performed under the contract, the number of apprentices proposed to be employed, and the approximate dates the apprentices would be employed. A copy of this information shall also be submitted to the awarding body if requested by the awarding body. Within 60 days after concluding work on the contract, each contractor and subcontractor shall submit to the awarding body, if requested, and to the apprenticeship program a verified statement of the journeyman and apprentice hours performed on the contract. The information under this subdivision shall be public. The apprenticeship programs shall retain this information for 12 months. (f) The apprenticeship program that can supply apprentices to the area of the site of the public work shall ensure equal employment and affirmative action in apprenticeship for women and minorities. (g) The ratio of work performed by apprentices to journeymen employed in a particular craft or trade on the public work may be no higher than the ratio stipulated in the apprenticeship standards under which the apprenticeship program operates where the contractor agrees to be bound by those standards, but, except as otherwise provided in this section, in no case shall the ratio be less than one hour of apprentice work for every five hours of journeyman work. (h) This ratio of apprentice work to journeyman work shall apply during any day or portion of a day when any journeyman is employed at the jobsite and shall be computed on the basis of the hours worked during the day by journeymen so employed. Any work performed by a journeyman in excess of eight hours per day or 40 hours per week shall not be used to calculate the ratio. The contractor shall employ apprentices for the number of hours computed as above before the end of the contract or, in the case of a subcontractor, before the end of the subcontract. However, the contractor shall endeavor, to the greatest extent possible, to employ apprentices during the same time period that the journeymen in the same craft or trade are employed at the jobsite. Where an hourly apprenticeship ratio is not feasible for a particular craft or trade, the Chief of the Division of Apprenticeship Standards, upon application of an apprenticeship program, may order a minimum ratio of not less than one apprentice for each five journeymen in a craft or trade classification. (i) A contractor covered by this section that has agreed to be covered by an apprenticeship program's standards upon the issuance of the approval certificate, or that has been previously approved for an apprenticeship program in the craft or trade, shall employ the number of apprentices or the ratio of apprentices to journeymen stipulated in the applicable apprenticeship standards, but in no event less than the 1 -to -5 ratio required by subdivision (g). (j) Upon proper showing by a contractor that he or she employs apprentices in a particular craft or trade in the state on all of his or her contracts on an annual average of not less than one hour of apprentice work for every five hours of labor performed by journeymen, the Chief of the Division of Apprenticeship 76 356 Standards may grant a certificate exempting the contractor from the 1 -to -5 hourly ratio, as set forth in this section for that craft or trade. (k) An apprenticeship program has the discretion to grant to a participating contractor or contractor association a certificate, which shall be subject to the approval of the Administrator of Apprenticeship, exempting the contractor from the 1 -to -5 ratio set forth in this section when it finds that any one of the following conditions is met: (1) Unemployment for the previous three-month period in the area exceeds an average of 15 percent. (2) The number of apprentices in training in the area exceeds a ratio of 1 to 5. (3) There is a showing that the apprenticeable craft or trade is replacing at least one -thirtieth of its journeymen annually through apprenticeship training, either on a statewide basis or on a local basis. (4) Assignment of an apprentice to any work performed under a public works contract would create a condition that would jeopardize his or her life or the life, safety, or property of fellow employees or the public at large, or the specific task to which the apprentice is to be assigned is of a nature that training cannot be provided by a journeyman. (1) When an exemption is granted pursuant to subdivision (k) to an organization that represents contractors in a specific trade from the 1 -to -5 ratio on a local or statewide basis, the member contractors shall not be required to submit individual applications for approval to local joint apprenticeship committees, if they are already covered by the local apprenticeship standards. (m) (1) A contractor to whom a contract is awarded, who, in performing any of the work under the contract, employs journeymen or apprentices in any apprenticeable craft or trade shall contribute to the California Apprenticeship Council the same amount that the director determines is the prevailing amount of apprenticeship training contributions in the area of the public works site. A contractor may take as a credit for payments to the council any amounts paid by the contractor to an approved apprenticeship program that can supply apprentices to the site of the public works project. The contractor may add the amount of the contributions in computing his or her bid for the contract. (2) At the conclusion of the 2002-03 fiscal year and each fiscal year thereafter, the California Apprenticeship Council shall distribute training contributions received by the council under this subdivision, less the expenses of the Division of Apprenticeship Standards for administering this subdivision, by making grants to approved apprenticeship programs for the purpose of training apprentices. The funds shall be distributed as follows: (A) If there is an approved multiemployer apprenticeship program serving the same craft or trade and geographic area for which the training contributions were made to the council, a grant to that program shall be made. (B) If there are two or more approved multiemployer apprenticeship programs serving the same craft or trade and geographic area for which the training contributions were made to the council, the grant shall be divided among those programs based on the number of apprentices registered in each program. (C) All training contributions not distributed under subparagraphs (A) and (B) shall be used to defray the future expenses of the Division of Apprenticeship Standards. (3) All training contributions received pursuant to this subdivision shall be deposited in the Apprenticeship Training Contribution Fund, which is hereby created in the State Treasury. Notwithstanding Section 13340 of the Government Code, all money in the Apprenticeship Training Contribution Fund is hereby continuously appropriated for the purpose of carrying out this subdivision and to pay the expenses of the Division of Apprenticeship Standards. 77 357 (n) The body awarding the contract shall cause to be inserted in the contract stipulations to effectuate this section. The stipulations shall fix the responsibility of compliance with this section for all apprenticeable occupations with the prime contractor. (o) This section does not apply to contracts of general contractors or to contracts of specialty contractors not bidding for work through a general or prime contractor when the contracts of general contractors or those specialty contractors involve less than thirty thousand dollars ($30,000). (p) All decisions of an apprenticeship program under this section are subject to Section 3081. Labor Code Section 1776 Payroll record of wages paid; Inspection; Forms; Effect of noncompliance; Penalties (a) Each contractor and subcontractor shall keep accurate payroll records, showing the name, address, social security number, work classification, straight time and overtime hours worked each day and week, and the actual per diem wages paid to each journeyman, apprentice, worker, or other employee employed by him or her in connection with the public work. Each payroll record shall contain or be verified by a written declaration that it is made under penalty of perjury, stating both of the following: (1) The information contained in the payroll record is true and correct. (2) The employer has complied with the requirements of Sections 1771, 1811, and 1815 for any work performed by his or her employees on the public works project. (b) The payroll records enumerated under subdivision (a) shall be certified and shall be available for inspection at all reasonable hours at the principal office of the contractor on the following basis: (1) A certified copy of an employee's payroll record shall be made available for inspection or furnished to the employee or his or her authorized representative on request. (2) A certified copy of all payroll records enumerated in subdivision (a) shall be made available for inspection or furnished upon request to a representative of the body awarding the contract, the Division of Labor Standards Enforcement, and the Division of Apprenticeship Standards of the Department of Industrial Relations. (3) A certified copy of all payroll records enumerated in subdivision (a) shall be made available upon request by the public for inspection or for copies thereof. However, a request by the public shall be made through either the body awarding the contract, the Division of Apprenticeship Standards, or the Division of Labor Standards Enforcement. If the requested payroll records have not been provided pursuant to paragraph (2), the requesting party shall, prior to being provided the records, reimburse the costs of preparation by the contractor, subcontractors, and the entity through which the request was made. The public may not be given access to the records at the principal office of the contractor. (c) The certified payroll records shall be on forms provided by the Division of Labor Standards Enforcement or shall contain the same information as the forms provided by the division. The payroll records may consist of printouts of payroll data that are maintained as computer records, if the printouts contain the same information as the forms provided by the division and the printouts are verified in the manner specified in subdivision (a). (d) A contractor or subcontractor shall file a certified copy of the records enumerated in subdivision (a) with the entity that requested the records within 10 days after receipt of a written request. (e) Any copy of records made available for inspection as copies and furnished upon request to the public or any public agency by the awarding body, the Division of Apprenticeship Standards, or the Division of Labor Standards Enforcement shall be marked or obliterated to prevent disclosure of an individual's 78 358 name, address, and social security number. The name and address of the contractor awarded the contract or the subcontractor performing the contract shall not be marked or obliterated. Any copy of records made available for inspection by, or furnished to, a joint labor-management committee established pursuant to the federal Labor Management Cooperation Act of 1978 (29 U.S.C. Sec. 175a) shall be marked or obliterated only to prevent disclosure of an individual's name and social security number. A joint labor management committee may maintain an action in a court of competent jurisdiction against an employer who fails to comply with Section 1774. The court may award restitution to an employee for unpaid wages and may award the joint labor management committee reasonable attorney's fees and costs incurred in maintaining the action. An action under this subdivision may not be based on the employer's misclassification of the craft of a worker on its certified payroll records. Nothing in this subdivision limits any other available remedies for a violation of this chapter. (f) The contractor shall inform the body awarding the contract of the location of the records enumerated under subdivision (a), including the street address, city, and county, and shall, within five working days, provide a notice of a change of location and address. (g) The contractor or subcontractor has 10 days in which to comply subsequent to receipt of a written notice requesting the records enumerated in subdivision (a). In the event that the contractor or subcontractor fails to comply within the 10 -day period, he or she shall, as a penalty to the state or political subdivision on whose behalf the contract is made or awarded, forfeit twenty-five dollars ($25) for each calendar day, or portion thereof, for each worker, until strict compliance is effectuated. Upon the request of the Division of Apprenticeship Standards or the Division of Labor Standards Enforcement, these penalties shall be withheld from progress payments then due. A contractor is not subject to a penalty assessment pursuant to this section due to the failure of a subcontractor to comply with this section. (h) The body awarding the contract shall cause to be inserted in the contract stipulations to effectuate this section. (i) The director shall adopt rules consistent with the California Public Records Act (Chapter 3.5 (commencing with Section 6250) of Division 7 of Title 1 of the Government Code) and the Information Practices Act of 1977 (Title 1.8 (commencing with Section 1798) of Part 4 of Division 3 of the Civil Code) governing the release of these records, including the establishment of reasonable fees to be charged for reproducing copies of records required by this section. Labor Code Section 1813 Penalty when workman required to work excess hours; Stipulation in contract; Cognizance and report of violations The contractor or subcontractor shall, as a penalty to the state or political subdivision on whose behalf the contract is made or awarded, forfeit twenty-five dollars ($25) for each worker employed in the execution of the contract by the respective contractor or subcontractor for each calendar day during which the worker is required or permitted to work more than 8 hours in any one calendar day and 40 hours in any one calendar week in violation of the provisions of this article. In awarding any contract for public work, the awarding body shall cause to be inserted in the contract a stipulation to this effect. The awarding body shall take cognizance of all violations of this article committed in the course of the execution of the contract, and shall report them to the Division of Labor Standards Enforcement. Labor Code Section 1815 Work performed in excess of specified hour limitations; Compensation Notwithstanding the provisions of Sections 1810 to 1814, inclusive, of this code, and notwithstanding any stipulation inserted in any contract pursuant to the requirements of said sections, work performed by employees of contractors in excess of 8 hours per day, and 40 hours during any one week, shall be permitted upon public work upon compensation for all hours worked in excess of 8 hours per day at not less than 11/2 times the basic rate of pay. 79 359 APPENDIX "E" PLANS (CONTRACT DRAWINGS) Project Title: LYNWOOD CITYWIDE MONUMENTS Project Number: 4011.68.117 80 360 RESOLUTION NO. "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE ADVERTISEMENT OF THE NOTICE OF INVITING BIDS FOR THE LYNWOOD CITYWIDE MONUMENTS PROJECT (CIP NO. 4011.68.117)" WHEREAS, as part of the City's Fiscal Year 23-24 CIP Project list, The City will be installing eight (8) Entry Monuments; and WHEREAS, the City consulted with Hunt Design in the preparation of plans and specifications of the Lynwood Citywide Monuments Project; and WHEREAS, the Notice of inviting bids was published on September 08, 2023; and WHEREAS, on October 3, 2023, the bid opening took place and staff received the three (3) bids; and WHEREAS, on October 17, 2023, the City Council rejected all bids received from the previous bid opening. WHEREAS, the City's FY 23-24 CIP budget for this Project is $280,000 from American Rescue Plan Act (ARPA) Unrestricted Funds; and WHEREAS, staff recommends that the City Council authorize the issuance of a Notice Inviting Bids to obtain bids from a qualified contractor to complete the Lynwood Monuments Project (Project No. 4011.68.117). NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct and incorporates said recitals fully into this resolution as substantive findings. Section 2. That the City Council authorizes staff to solicit a Notice Inviting Bids for The Lynwood Monuments Project. Section 3. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 4. This Resolution shall take effect immediately upon its adoption. Section 5. The City Clerk shall certify to the adoption of this resolution and hereafter the same shall be in full force and effect. 1 361 PASSED, APPROVED and ADOPTED this 7th day of November 2023. Oscar Flores Mayor ATTEST: Maria Quinonez City Clerk APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Ernie Hernandez City Manager Julian Lee Director of Public Works 2 362 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 7th day of November 2023, and passed by the following votes: AYES: NOES: ABSTAIN: ABSENT: Maria Quinonez, City Clerk STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true, and correct copy of Resolution No. on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 7th day of November 2023. Maria Quinonez, City Clerk 3 363 Agenda Item # 10.8. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Julian Lee, Director of Public Works SUBJECT: REQUEST FOR ADDITIONAL APPROPRIATION FOR FERNWOOD AVENUE PARK PROJECT (4011.68.037) FROM 2019 LEASE REVENUE BONDS Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $300,000 TO THE FERNWOOD AVENUE PARK PROJECT FROM 2019 LEASE REVENUE BONDS." Background: As part of the 5 -Year CIP list, the City decided to use the vacant land south of Fernwood Avenue from Beechwood Avenue to State Street, for a new park. The City received funding in the amount of $1,650,752.55 from the San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy (RMC) for the Fernwood Avenue Development and Water Quality Improvement Project (Fernwood Avenue Park). The grant funds funded the majority of the design cost at $98,178, while the remaining grant funds will go towards construction cost. On February 1, 2022, the project was awarded to California Landscape & Design, Inc. for the Fernwood Avenue Park Project. The project was awarded for the amount of $2,298,319.70. A Notice to Proceed was issued and the contractor was given one hundred and fifty (150) working days to complete the work. Discussion and Analysis: City Council City Council Regular Meeting 364 The project consists of the renovation of vacant land into public city park, including walking trail, pedestrian bridge, new landscaping, seating areas, public right away improvements and custom playground to decrease impermeable surfaces and runoff, and enhance opportunities for stormwater infiltration management. The project will include an educational component on water saving techniques as well as stormwater runoff reduction. Project Status: As of November 7th, the project is near completion as the contractor has finished most of the work per the plans and specifications. The Grand Opening for the Fernwood Avenue Park took place on Saturday, October 14th Project Budget: Originally, staff had estimated the cost of the project to be $3,671,259. However, during the budget process for Fiscal year 2023-2024 staff determined that $368,000 would be sufficient for the remainder of the project since it was near completion during the end of the Fiscal Year 2022-2023. However, due to staff's indetermination of the project's remaining cost, project delays and coordination with other entities, the adopted budget amount is insufficient to complete the construction contract. Staff is requesting that the City Council approve the additional funding request in the amount of $300,000 of the budget that wasn't originally carried forward into this fiscal year in order to complete the project. The additional funding will cover the construction contract along with additional professional services that have been approved for this project. The table below shows the remaining construction cost that were not accounted for in this fiscal year: Remaining Construction Cost Construction Contract Costs Project Support Project Management Construction Management/Inspection Labor Compliance Total Funding Needed Amount $214,000.00 $20,000.00 $20,000.00 $40,000.00 $6,000.00 $300,000.00 City Council City Council Regular Meeting 365 The current budget consists of the following funds: Project Budget Amount RMC (3821) $268,000 2017 Lease Revenue Bonds $100,000 Current Project Budget $368,000 Additional Funding Needed 2019 Lease Revenue Bonds $300,000 Total Proposed Project Budget $668,000 Fiscal Impact: The project has an approved FY24 budget of $368,000. The total construction budget needed to complete this project is $668,000. Additional appropriation in the amount of $300,000 is needed to complete this project. APPROPRIATION FROM Fund Dept Div Object Description Amount Transfer Out 9055 2019 Lease Revenue Bonds ($300,000) Transfer In 4011 68 037 To Be Fernwood Avenue Park $300,000 Determined Project Coordinated With: City Manager's Office Department of Finance and Administration Services ATTACHMENTS: Description D 11-07-23 Fernwood Park Budget Appropriation (Resolution) - PWD.docx City Council City Council Regular Meeting 366 RESOLUTION NO. "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $300,000 TO THE FERNWOOD AVENUE PARK PROJECT FROM 2019 LEASE REVENUE BONDS." WHEREAS, the Fernwood Park Project is part of the 5 -Year CIP Plan using the vacant lot to install a new park, and WHEREAS, the project consists of the renovation of vacant land into a public city park, including walking trail, pedestrian bridge, new landscaping, seating areas, public right away improvements and custom playground to decrease impermeable surfaces and runoff, and enhance opportunities for stormwater infiltration management. The project will include educational component on water saving techniques as well as stormwater runoff reduction. The project will also include off -site improvements; and WHEREAS, On October 1, 2023, the contractor California Landscape & Design entered an agreement with the City of Lynwood for the construction of the Fernwood Park Project; and WHEREAS, the project is near completion and will be accepted at a future date. WHEREAS, the project budget was carried forward into fiscal year 2023-2024 in the amount $368,000; and WHEREAS, the project budget is not sufficient to cover the remaining cost of the construction contract as well as other cost such as Construction management, project management, and other services for this project; and WHEREAS, staff is requesting approval from the City Council for additional funding in the amount of $300,000 from 2019 Lease Revenue Bonds in order to complete the project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct and incorporates said recitals fully into this resolution as substantive findings. Section 2. The City Council of the City of Lynwood authorizes the City Manager to approve the transfer funds for the following appropriation: APPROPRIATION FUND DEPT DIV OBJECT DESCRIPTION AMOUNT Budgetar Transfer Out 9055 2019 Lease Revenue Bonds $300,000 1 367 Budgetary Transfer In 4011 68 037 Fernwood Avenue Park Project $300,000 Section 3. The project budget increased from $368,000 to $668,000. Section 4. The City Council of the City of Lynwood authorizes the City Manager under LMC 6-3.15(d) to exceed the specific dollar amounts or percentage limitations under LMC 6-3.15(a) and authorizes the City Manager to approve consultant, vendor agreements, modifications, change orders, or agreement amendments related to the Project up to the available Project Budget. Section 5. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 6. This resolution shall take effect immediately upon its adoption. Section 7. The City Clerk shall certify to the adoption of this resolution and hereafter the same shall be in full force and effect. (Signatures on Next Page) 2 368 PASSED, APPROVED and ADOPTED this 07th day of November 2023. Oscar Flores Mayor ATTEST: Maria Quinonez City Clerk APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Ernie Hernandez City Manager Julian Lee Director of Public Works 3 369 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 7th day of November 2023, and passed by the following votes: AYES: NOES: ABSTAIN: ABSENT: Maria Quinonez, City Clerk STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true, and correct copy of Resolution No. on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 7th day of November 2023. Maria Quinonez, City Clerk 4 370 Agenda Item # 10.9. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Julian Lee, Director of Public Works SUBJECT: REQUEST FOR ADDITIONAL APPROPRIATION FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND ATLANTIC AVE. FY 2022-2023 PROJECT NO. 4011.68.073 FEDERAL ID: HSIP-5250 (031) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPOPRIATION OF $260,000 FROM 2017 LEASE REVENUE BONDS (FUND 9053) TO THE PROJECT FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND ATLANTIC AVE. FY 2022-2023 PROJECT NO. 4011.68.073 FEDERAL ID: HSIP-5250 (031)." Background: The City of Lynwood applied for and was granted Federal funding in the amount of $225,900.00 from the Highway Safety Improvement Program (HSIP). This program aims to improve traffic flow and reduce injuries and fatalities on public roads. Based on collision data, the intersection of Imperial Highway and Atlantic Avenue was deemed a high priority under this program On July 19, 2022, the Notice Inviting Bids (NIB) was advertised on the City's website (PlanetBids). The bid opening took place on the PlanetBids Platform on Tuesday, September City Council City Council Regular Meeting 371 13, 2022, at 10:00 AM (PST). On October 4, 2022 the City of Lynwood and PTM General Engineering Services Inc. entered into an agreement for the construction of the Imperial Highway and Atlantic Traffic Signal Improvements in the amount of $429,029. Discussion and Analysis: The project scope of work is more specifically defined in the contract documents, but in general consists of, but is not limited to, the following Work: the installation of a protected left turn phase including installation of conduits, pull boxes, signal heads, sensor units, signal controller, pedestrian countdown heads, intersection lighting, pedestrian push buttons, traffic signal poles, traffic striping, signing, markings, and traffic control; hauling and disposal, construction of curb ramps. Project Status: As of November 7, the project is near completion as the contractor has finished most of the work per the plans and specifications. The new traffic signals have been installed and the striping, curb ramps, and markings have been installed. This project has federal requirements that need to be processed before the project can be accepted by City Council. Project Budget: Originally, staff had estimated the cost of the project to be $604,931. However, during the budget process for Fiscal year 2023-2024 staff determined that $175,000 would be sufficient for the remainder of the project since it was near completion during the end of the Fiscal Year 2022-2023. However, due to staff's indetermination of the project's remaining cost, project delays and coordination with other entities, the adopted budget amount is insufficient to complete the construction contract. Staff is requesting that the City Council approve the additional funding request in the amount of $260,000 of the budget that wasn't originally carried forward into this fiscal year in order to complete the project. The additional funding will cover the construction contract along with additional professional services that have been approved for this project. The table below shows the remaining construction cost that were not carried forward: Remaining Construction Cost Amount $219,858.70 Construction Contract Costs City Council City Council Regular Meeting 372 Project Support Project Management Labor Compliance Total Additional Funding Needed The current budget consists of the following funds: Project Budget Amount HSIP (4021) $100,000 Measure M (2350) $75,000 Current Project Budget $175,000 Additional Funding Needed Funding Source $260,000 Total Proposed Project Budget $435,000 Fiscal Impact: $15,000.00 $20,141.30 $5,000.00 $260,000.00 The Project has an approved FY23 Budget of $210,000. The total construction budget needed to complete this project is $435,000. The additional appropriation needed to complete this project is $260,000. APPROPRIATION FROM Fund Dept Div Object Description Amount Transfer Out 9053 2017 Lease Revenue ($260,000) Bonds Transfer In To Be HSIP Cycle 9 (Imperial 4011 68 075 Determined Highway & Atlantic $260,000 Avenue) Coordinated With: City Council City Council Regular Meeting 373 City Manager's Office Department of Finance and Administration Services ATTACHMENTS: Description D Resolution - HSIP_Imperial _and _ Atlantic_ Budget_Increase.docx City Council City Council Regular Meeting 374 RESOLUTION NO. STAFF RECOMMENDS THAT THE CITY COUNCIL ADOPT THE ATTACHED RESOLUTION ENTITLED: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $260,000 FROM 2017 LEASE REVENUE BONDS (FUND 9053) TO THE PROJECT FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF IMPERIAL HIGHWAY AND ATLANTIC AVE. FY 2022-2023 PROJECT NO. 4011.68.073 FEDERAL ID: HSIP-5250 (031)." WHEREAS, the HSIP Cycle 9 (Imperial Highway and Atlantic Avenue) will improve the traffic signal at the intersection of Imperial Highway and Atlantic Avenue, and WHEREAS, the project consists of the installation of a protected left turn phase including installation of conduits, pull boxes, signal heads, sensor units, signal controller, pedestrian countdown heads, intersection lighting, pedestrian push buttons, traffic signal poles, traffic striping, signing, markings, and traffic control; hauling and disposal; construction of curb ramps; and WHEREAS, the bid opening took place on the PlanetBids Platform on September 13, 2022, at 10:00 A.M. (Pacific Time); and WHEREAS, On October 4, 2023, the contractor PTM General Engineering entered into an agreement with the City of Lynwood for the construction of the traffic signal improvement project in the amount of $429,029; and WHEREAS, the project is near completion and will be accepted at a future date. WHEREAS, the project budget was carried forward into Fiscal Year 2023-2024 in the amount $175,000; and WHEREAS, the carried forward project budget is not sufficient to cover the remaining cost of the construction contract as well as other services provided for this project; and WHEREAS, staff is requesting approval for additional funding from the City Council in the amount of $260,000 from 2017 Lease Revenue Bonds in order to complete the project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct and incorporates said recitals fully into this resolution as substantive findings. Section 2. The City Council of the City of Lynwood authorizes the City Manager 1 375 to approve the transfer funds for the following appropriation: APPROPRIATION FUND DEPT DIV OBJECT DESCRIPTION AMOUNT Budgetar Transfer Out 9053 2017Lease Revenue Bonds ($260,000) Budgetary Transfer n 4011 68 075 HSIP Cycle 9 — Traffic Signal Improvement Project at the Intersection of Imperial Highway and Atlantic Avenue $260,000 Section 3. The project budget increased from $175,000 to $435,000. Section 4. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 5. This Resolution shall take effect immediately upon its adoption. Section 6. The City Clerk shall certify to the adoption of this Resolution and hereafter the same shall be in full force and effect. (Signatures on Next Page) 2 376 PASSED, APPROVED and ADOPTED this 07th day of November 2023. Oscar Flores Mayor ATTEST: Maria Quinonez City Clerk APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Ernie Hernandez City Manager Julian Lee Director of Public Works 3 377 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 07th day of November 2023, and passed by the following votes: AYES: NOES: ABSTAIN: ABSENT: Maria Quinonez, City Clerk STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true, and correct copy of Resolution No. on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 07th day of November 2023. Maria Quinonez, City Clerk 4 378 Agenda Item # 10.10. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Council PREPARED BY: Julian Lee, Director of Public Works SUBJECT: REQUEST FOR ADDITIONAL APPROPRIATION FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF ATLANTIC AVE AND CARLIN AVE. FY 2022-2023 PROJECT NO. 4011.68.075 FEDERAL ID: HSIP-5250 (029) Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $290,000 FROM 2017 LEASE REVENUE BONDS (FUND 9053) TO THE PROJECT FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF ATLANTIC AVE AND CARLIN AVE. FY 2022-2023 PROJECT NO. 4011.68.075 FEDERAL ID: HSIP-5250 (029)." Background: The City of Lynwood applied for and was granted Federal funding in the amount of $324,800.00 from the Highway Safety Improvement Program (HSIP). This program aims to improve traffic flow and reduce injuries and fatalities on public roads. Based on collision data, the intersection of Atlantic Avenue and Carlin Avenue was deemed a high priority under this program On July 19, 2022, the Notice Inviting Bids (NIB) was advertised on the City's website (PlanetBids). The bid opening took place on the PlanetBids Platform on Tuesday, September 13, 2022, at 10:00 AM (PST). On October 4, 2022 the City of Lynwood and PTM General Engineering Services Inc. entered into an agreement for the construction of the Imperial Highway and Atlantic Traffic Signal Improvements at the Intersection of $474,047. City Council City Council Regular Meeting 379 Discussion and Analysis: The project scope of work is more specifically defined in the Contract Documents, but in general consists of, but is not limited to, the following Work: the installation of a protected left turn phase including installation of conduits, pull boxes, signal heads, sensor units, signal controller, pedestrian countdown heads, intersection lighting, pedestrian push buttons, traffic signal poles, traffic striping, signing, markings, and traffic control; hauling and disposal, and construction of curb ramps. Project Status: As of November 7, the project is near completion as the contractor has finished most of the work per the plans and specifications. The new traffic signals have been installed and the striping, curb ramps, and markings have been installed. This project has federal requirements that need to be processed before the project can be accepted by City Council. Project Budget: Originally, staff had estimated the cost of the project to be $661,889. However, during the budget process for Fiscal year 2023-2024 staff determined that $175,000 would be sufficient for the remainder of the project since it was near completion during the end of the Fiscal Year 2022-2023. However, due to staff's indetermination of the project's remaining cost, project delays and coordination with other entities, the adopted budget amount is insufficient to complete the construction contract. Staff is requesting that the City Council approve the additional funding request in the amount of $290,000 of the budget that wasn't originally carried forward into this fiscal year in order to complete the project. The additional funding will cover the construction contract along with additional professional services that have been approved for this project. The table below shows the remaining construction cost that were not carried forward: Remaining Construction Cost Construction Contract Costs Project Support Project Management Construction Management/Inspection Amount $232,391.28 $20,000.00 $15,000.00 $19,608.72 Labor Compliance $3,000.00 City Council City Council Regular Meeting 380 Total Funding Needed $290,000.00 The current budget consists of the following funds: Project Budget Amount HSIP (4021) $150,000 Measure M (2350) $60,000 Current Project Budget $210,000 Additional Funding Needed 2017 Lease Revenue Bonds $290,000 Total Proposed Project Budget $500,000 Fiscal Impact: The Project has an approved FY23 Budget of $210,000. The total construction budget needed to complete this project is $500,000. The additional appropriation needed to complete this project is $290,000. APPROPRIATION FROM Fund Dept Div Object Description Amount Transfer Out 9053 2017 Lease Revenue Bonds ($290,000) Transfer In 4011 68 075 Coordinated With: To Be HSIP Cycle 9 (Atlantic Determined Ave. & Carlin Ave.) $290,000 City Council City Council Regular Meeting 381 City Manager's Office Department of Finance and Administration Services ATTACHMENTS: Description a Resolution - HSIP_Atlantic_and_Carlin_Budget_Increase.docx City Council City Council Regular Meeting 382 RESOLUTION NO. STAFF RECOMMENDS THAT THE CITY COUNCIL ADOPT THE ATTACHED RESOLUTION ENTITLED: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN APPROPRIATION OF $290,000 FROM 2017 LEASE REVENUE BONDS (FUND 9053) TO THE PROJECT FOR HSIP CYCLE 9 - TRAFFIC SIGNAL IMPROVEMENTS AT THE INTERSECTION OF ATLANTIC AVE AND CARLIN AVE. FY 2022-2023 PROJECT NO. 4011.68.075073 FEDERAL ID: HSIP-5250 (031)." WHEREAS, the HSIP Cycle 9 (Atlantic and Carlin Avenue) will improve the traffic signal at the intersection of Atlantic Avenue and Carlin Avenue, and WHEREAS, the Project consists of the installation of a protected left turn phase including installation of conduits, pull boxes, signal heads, sensor units, signal controller, pedestrian countdown heads, intersection lighting, pedestrian push buttons, traffic signal poles, traffic striping, signing, markings, and traffic control; hauling and disposal; construction of curb ramps; and WHEREAS, the bid opening took place on the PlanetBids Platform on September 13, 2022, at 10:00 A.M. (Pacific Time); and WHEREAS, On October 4th, 2023, the contractor PTM General Engineering entered into an agreement with the City of Lynwood for the construction of the traffic signal improvement project in the amount of $474,047; and WHEREAS, the project is near completion and will be accepted at a future date. WHEREAS, the project budget was carried forward into Fiscal Year 2023-2024 in the amount $210,000; and WHEREAS, the carried forward project budget is not sufficient to cover the remaining cost of the construction contract as well as other services provided for this project; and WHEREAS, staff is requesting approval for additional funding from the City Council in the amount of $290,000 from 2017 Lease Revenue Bonds in order to complete the project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct and incorporates said recitals fully into this resolution as substantive findings. Section 2. The City Council of the City of Lynwood authorizes the City Manager to approve the transfer funds for the following appropriation: 1 383 APPROPRIATION FUND DEPT DIV OBJECT DESCRIPTION AMOUNT Budgetary Transfer Out 9053 2017Lease Revenue Bonds ($290,000) Budgetary Transfer In 4011 68 075 HSIP Cycle 9 — Traffic Signal Improvement Project at the Intersection of Atlantic Avenue and Carlin Avenue $290,000 Section 3. The project budget increased from $210,000 to $500,000. Section 4. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 5. This Resolution shall take effect immediately upon its adoption. Section 6. The City Clerk shall certify to the adoption of this Resolution and hereafter the same shall be in full force and effect. (Signatures on Next Page) 2 384 PASSED, APPROVED and ADOPTED this 07th day of November 2023. Oscar Flores Mayor ATTEST: Maria Quinonez City Clerk APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Ernie Hernandez City Manager Julian Lee Director of Public Works 3 385 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 07th day of November 2023, and passed by the following votes: AYES: NOES: ABSTAIN: ABSENT: Maria Quinonez, City Clerk STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true, and correct copy of Resolution No. on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 07th day of November 2023. Maria Quinonez, City Clerk 4 386 Agenda Item # 10.11. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: PREPARED BY: Maria Quinonez, City Clerk Nancy Blinzler, Office Assistant SUBJECT: APPROVAL OF AN AMENDMENT TO THE TERMS AND AN EXTENSION TO THE AGREEMENT WITH MUNITEMPS INC. TO CONTINUE TO PROVIDE TEMPORARY STAFFING SERVICES IN THE CITY CLERK'S OFFICE Recommendation: Staff recommends that the City Council approve and adopt the attached resolution entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING AN AMENDMENT TO THE TERMS AND AN EXTENSION TO THE AGREEMENT WITH MUNITEMPS TO PROVIDE TEMPORARY STAFFING SERVICES AND APPROVING AN APPROPRIATION IN THE AMOUNT OF $75,000 FROM THE UNASSIGNED GENERAL FUND". Background: The City contracts with MuniTemps to provide temporary staffing services. The services provided by MuniTemps has enabled the City Clerk's office to catch up on day-to-day assignments and provided the necessary services as required by the municipal clerk. Discussion and Analysis: In January 2022, the City entered into an agreement with Munitemps under the City Manager's Purchasing Authority ($25,000), to provide temporary staffing to the City Clerk's office. In October 2022, City Council approved and entered into an agreement with MuniTemps through October 31, 2023 to provide temporary staffing to the City Clerk's office and to approve an appropriation in the amount of $100,000 to cover costs of pending invoices and invoices through the term of the agreement. City Council City Council Regular Meeting 387 Whereas, due to MuniTemps extensive knowledge and experience working with the City and its experience providing temporary staffing services to the City Clerk's office, staff requests City Council to make the necessary findings to exercise its authority to procure services as outlined in the City's Contracting and Purchasing Policy & Procedures amended April 10, 2023. The Purchasing Authorization Table provides exceptions that are exempt from competitive bidding, but still require a contract and/or purchase order. Temporary staffing is an exception noted as exempt from competitive bidding. Fiscal Impact: Staff is asking for $75,000 from the unassigned general fund to account 1011.15.105.62015 to process pending invoices and to cover the cost of services. Coordinated With: Finance Department City Attorney ATTACHMENTS: Description D A 2023-11-01 - MUNITEMPS - FIRST AMENDMENT TO MASTER AGREEMENT.docx D CC - 11.01.23 - 2023.xxx - _ Resolution _MuniTemps_Temp_Staffing_Services_ First _ Amendment_ to_Agreement.doc City Council City Council Regular Meeting 388 • • emps Municipal Staffing Solutions FIRST AMENDMENT TO AGREEMENT BETWEEN CITY OF LYNWOOD, CALIFORNIA AND GOVERNMENT STAFFING SERVICES, INC. dba MUNITEMPS STAFFING This First Amendment (the "First Amendment") is entered into this day of November 2023 by and between the City of Lynwood ("City") and Government Staffing Services, Inc. ("dba MuniTemps Staffing"), (collectively the "Parties"). The City and Government Staffing Services, Inc. dba MuniTemps Staffing agree as follows: WHEREAS, in January 2022, the City entered into an agreement with Government Staffing Services, Inc. dba MuniTemps Staffing to provide support staff to City Clerk's Office ("Master Agreement"); and WHEREAS, the City and Government Staffing Services, Inc. dba MuniTemps Staffing desire to enter into a First Amendment of the Master Agreement as set forth herein. NOW, THEREFORE, the parties hereto agree as follows: 1. Term of Agreement. The term of the First Amendment shall commence on November 1, 2023 and shall remain and continue in effect to the Master Agreement, but in no event later than October 31, 2024, unless sooner terminated pursuant to the terms of the Master Agreement. The City Manager shall have the authority to exercise an option to extend the Master Agreement. 2. Full Force and Effect. The parties further agree that, except as specifically provided in this First Amendment, the terms of the Master Agreement shall remain unchanged and in full force and effect. 389 IN WITNESS WHEREOF, the parties have executed this First Amendment as of the dates written below. CITY OF LYNWOOD Oscar Flores, Mayor Ernie Hernandez, City Manager ATTEST: Date Maria Quinonez, City Clerk APPROVED AS TO FORM: Date Noel Tapia, City Attorney GOVERNMENT STAFFING SERVICES, INC. dba MUNITEMPS STAFFING John Herrera, CPA, MPA President/CEO Date 390 RESOLUTION NO. 2023.xxx A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING A FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH MUNITEMPS TO PROVIDE TEMPORARY STAFFING SERVICES AND APPROVING AN APPROPRIATION IN THE AMOUNT OF $75,000 FROM THE UNASSIGNED GENERAL FUND WHEREAS, in January 2022, the City entered into an agreement with MuniTemps under the City Manager's Purchasing Authority ($25,000), to provide temporary staffing services to the City Clerk's Office; and WHEREAS, in October 2022, the City Council approved and entered into an agreement with MuniTemps through October 31, 2023 to provide temporary staffing to the City Clerk's Office and to approve an appropriation in the amount of $100,000 to cover costs of pending invoices and invoices through the term of the agreement; and WHEREAS, due to MuniTemps' extensive knowledge and experience working with the City and its experience providing temporary staffing services to the City Clerk's Office, City staff requests the City Council to make the necessary findings to exercise its authority to procure services for the City pursuant to April 10, 2023 amended Contracting and Purchasing Policy and Procedures Section 6-3 of the Lynwood Municipal Code. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution. Section 2. The City Council authorizes the City Manager to enter into the First Amendment to the Professional Services Agreement with MuniTemps through October 31, 2024 and to approve an appropriation from the unassigned general fund in the amount of $75,000 to cover the cost of pending invoices and for the cost of services through the end of the agreement, approved as to form by the City Attorney. Section 4. The City Council authorizes the Mayor to execute the First Amendment to the Professional Services Agreement for and on behalf of the City of Lynwood. The Mayor is also authorized to execute this Resolution. Section 5. This Resolution shall become effective immediately upon its adoption. 1 391 Section 6. The City Clerk shall certify as to the adoption of this City Council Resolution. PASSED, APPROVED AND ADOPTED this 7t" day of November, 2023. Oscar Flores, Mayor ATTEST: Maria Quinonez, Ernie Hernandez, City Clerk City Manager APPROVED AS TO FORM: Noel Tapia, City Attorney 2 392 STATE OF CALIFORNIA COUNTY OF LOS ANGELES I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a meeting held on the 7th day of November, 2023. AYES: NOES: ABSENT: ABSTAIN: Date Maria Quinonez, City Clerk STATE OF CALIFORNIA COUNTY OF LOS ANGELES I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2023.xxx on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 7th day of November, 2023. Date Maria Quinonez, City Clerk 3 393 Agenda Item # 10.12. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Patrick Matson, Director of Human Resources and Risk Management SUBJECT: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENTS BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICPAL EMPLOYEES (AFSCME), LOCAL 1920, FOR FISCAL YEARS 2023 — 2027 Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENTS BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICPAL EMPLOYEES (AFSCME), LOCAL 1920, FOR FISCAL YEARS 2023 — 2027" Background: The City of Lynwood currently has two bargaining units of which the LEA/AFSCME, Local 1920 represents a majority of the City's employees. The proposed MOU and Side Letter Agreements are for the LEA/AFSCME bargaining unit who represent the City's general unit, full-time and part-time employees. The previous MOU between the City and LEA/AFSCME, Local 1920 expired at the end of June earlier this year. City Council City Council Regular Meeting 394 Discussion and Analysis: Since April of this year, the City has been negotiating with the LEA/AFSCME, Local 1920 for a new contract addressing various provisions in the MOU and has reached a tentative agreement. Since coming to tentative agreement, the LEA/AFSCME Local 1920 has met with its members who voted to approve the terms of MOU and Side Letter Agreements. The proposed MOU and Side Letter Agreements must be approved by the City Council by way of resolution in order to implement the provisions of the proposed MOU retroactive to July 1st of this year, expiring on June 30, 2027. Highlighted below are a few of the main economic related issues that were tentatively agreed to as part of the proposed MOU: • Duration or term of Memorandum of Understanding — July 1, 2023 thru June 30, 2027 • Cost of Living Adjustments (COLA's): o Year 1 — 4% o Year2-4% o Year3-4% • Year4-5% • Non-PERSable Bonus: o Year 1 — 5% Non-PERSable Bonus or $4,000 for full-time employees, $1,200 for part-time employees, $3,000 for part-time CaIPERS employee, whichever is of greater benefit to the individual employee o Year 2 — 4% Non-PERSable Bonus o Year 3 — None o Year 4 — None • "Re -opener" clause to review City's financial revenue for potential Non-PERSable bonus in Year 3 of the MOU; • New PERS "classic" retirement formula (2.7% @ 55) for new employees who are considered "classic" members under PERS (currently 3% @ 60); • Increased City health insurance premium contributions for employees hired after September 1, 2011; • Hourly wage adjustments to City's part-time classifications Other items of interest that were tentatively agreed to include: City Council City Council Regular Meeting 395 • Addition of language on usage, carryover, cashout, and crediting of Floating Holiday and Personal Leave hours; • Addition of "Juneteenth" to list of City observed holidays; • Addition and/or revision of contract language, where necessary, to provide clarity on certain provisions within the Memorandum of Understanding; • Addition of shift bidding system for Public Works and Public Safety Furthermore, various provisions throughout the MOU were updated, revised, streamlined contract language, to provide transparency and clarity where deemed necessary. Side Letter Agreements: With respect to the proposed Side Letter Agreements, the City and LEA came to a tentative agreements on three (3) separate matters that dealt with specific members within the bargaining unit. Both the City and LEA agreed it was prudent to address these matters in the form of a Side Letter Agreement for each issue. The following is a quick summary of each Side Letter Agreement by Exhibit: Exhibit B reflects the tentative agreement reached between the City and LEA on the reclassification, salary and hourly wage adjustments for those full-time and part-time positions identified within the proposed Side Letter Agreement, during the negotiations process. The proposed reclassifications and salary/wage adjustments would be implemented upon approval of this resolution and subsequent approval of the resolution amending the City's Salary Schedule. Exhibit C reflects the tentative agreement reached between the City and LEA regarding an amendment to the City's Personnel Rules and Regulations that will allow all part-time employees to apply for a promotional recruitment/opportunity with the City. Currently, the City's Rules and Regulations only allow for CaIPERS eligible part-time employees to apply for promotional recruitments. The proposed Side Letter Agreement would be implemented upon approval of this resolution. Exhibit D reflects the tentative agreement reached between the City and LEA regarding two City employees who were impacted by the City's layoffs due to the COVID-19 pandemic, and City Council City Council Regular Meeting 396 the subsequent impact to their retiree health benefits, which were not addressed upon their return from the layoff. The proposed Side Letter Agreement provides resolution to this matter and will be implemented upon approval of this resolution. If approved by the City Council, a subsequent resolution will be presented to the City Council amending and updating the current salary schedule to reflect the salary and compensation changes agreed to during negotiations. Fiscal Impact: The estimated costs for the proposed MOU and Side Letter Agreements with the LEA is approximately $2.5 million dollars, with a potential increase in year 3 of the contract if an agreement is reached on an additional Non-PERSable bonus, upon review of the City's financial revenues. The Non-PERSable bonuses will be funded by unrestricted ARPA funds while the remainder will be funded by the City's General Fund. Coordinated With: City Manager ATTACHMENTS: Description a Exhibit A - Proposed MOU LEA 2023-2027.pdf a Exhibit B - Proposed Side Letter Agreement Between City of Lynwood and LEA - Reclassification, Salary -Hourly Wage Adjustments.pdf a Exhibit C - Proposed Side Letter Agreement Between City of Lynwood and LEA - Amendment to City Personnel Rules and Regs.pdf a Exhibit D - Proposed Side Letter Agreement Between City of Lynwood and LEA Layoffs and Retiree Health.pdf a Resolution Approving MOU Between City of Lynwood and LEA-AFSCME.pdf City Council City Council Regular Meeting 397 EXHIBIT A COMPREHENSIVE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION/AFSCME LOCAL 1920, AFL-CIO July 1, 2023 - June 30, 2027 398 Table of Contents ARTICLE 1 IMPLEMENTATION 1 ARTICLE 2 EMPLOYEE ORGANIZATION RECOGNITION 1 ARTICLE 3 EMPLOYEE ORGANIZATION DUES DEDUCTION 2 ARTICLE 4 NON-DISCRIMINATION PLEDGE 3 ARTICLE 5 CITY RIGHTS 3 ARTICLE 6 UNION RIGHTS 4 ARTICLE 7 NO STRIKE 5 ARTICLE 8 HOURS OF WORK 6 ARTICLE 9 ATTENDANCE 7 ARTICLE 10 SALARIES/WAGES 7 ARTICLE 11 STEP INCREASES 9 ARTICLE 12 LONGEVITY PAY 10 ARTICLE 13 ACTING SUPERVISORY PAY 10 ARTICLE 14 ADDITIONAL DUTIES PAY 11 ARTICLE 15 STANDBY PAY 11 ARTICLE 16 CALL BACK PAY 12 ARTICLE 17 BILINGUAL PAY 12 ARTICLE 18 SHIFT DIFFERENTIAL/WEEKEND SHIFT PAY 13 ARTICLE 19 EDUCATION/CERTIFICATION PAY & TUITION REIMBURSEMENT13 ARTICLE 20 UNIFORM AND CLOTHING ALLOWANCE 17 ARTICLE 21 MILEAGE REIMBURSEMENT 18 399 ARTICLE 22 OVERTIME ARTICLE 23 ARTICLE 24 ARTICLE 25 ARTICLE 26 19 ELIMINATION OF EXEMPT STATUS 20 EMPLOYEE INSURANCE COVERAGE 20 WORK RELATED INJURIES 22 SICK LEAVE POLICY 23 ARTICLE 27 BEREAVEMENT LEAVE ARTICLE 28 EMERGENCY LEAVE ARTICLE 29 JURY DUTY ARTICLE 30 MILITARY LEAVE ARTICLE 31 UNPAID LEAVE OF ABSENCE ARTICLE 32 HOLIDAYS ARTICLE 33 PERSONAL LEAVE ARTICLE 34 ANNUAL VACATION LEAVE 24 25 25 26 26 26 30 31 ARTICLE 35 LEAVE BENEFIT ACCRUAL RATES, CARRYOVER, & CASHOUT PROVISIONS 32 ARTICLE 36 RETIREMENT POLICY 35 ARTICLE 37 GRIEVANCE AND DISCIPLINARY APPEAL PROCEDURES 37 ARTICLE 38 LAYOFF 39 ARTICLE 39 REINSTATEMENT 42 ARTICLE 40 FULL FAITH AND CREDIT CLAUSE 42 ARTICLE 41 SAVINGS CLAUSE 42 ARTICLE 42 PROMOTIONAL OPPORTUNITIES 43 400 ARTICLE 43 RENEGOTIATION 43 ARTICLE 44 TERM 43 EXHIBIT A 45 401 402 ARTICLE 1 IMPLEMENTATION The wages, hours and conditions of employment that are set forth in this Memorandum of Understanding (hereinafter called the "MOU") have been discussed and jointly proposed by and between representatives of the Municipal Employee Relations Officer of the City of Lynwood (hereinafter called "City") and representatives of the Lynwood Employees' Association, AFSCME Local 1920, AFL-CIO (hereinafter called "Union"), and shall apply to all employees of the City working in the classifications as set forth in Exhibit A. The terms and conditions of employment that are set forth in this MOU have been discussed in good faith between the City and the Union; the representatives of the Union represent that the general membership of the Union have ratified this MOU, and the Municipal Employees Relations Officer agrees to recommend to the Lynwood City Council the adoption of this MOU in its current form or through a separate resolution that incorporates all of the items and conditions of employment as set forth herein. Upon the adoption of such a resolution, all terms and conditions of this MOU, shall become effective as provided without any further action by either party. ARTICLE 2 EMPLOYEE ORGANIZATION RECOGNITION A) The City continues to recognize the Union as the recognized employee organization for all non -fire, non -management hourly or part-time classifications (hereinafter called the "Unit") which are approved and listed in Exhibit A or hereinafter approved by the City to the fullest extent allowable under California law applying to public employees and as further defined in Resolution 2002.103, adopted by the Lynwood City Council on July 16, 2002. The Union agrees to indemnify and hold the City harmless against any and all suits, claims, demands and liabilities that may arise out of or by reason of any action that shall be taken by the City for the purpose of complying with this Article. Any employees in this unit who have authorized Union dues deductions on the effective date of this MOU or at any time subsequent to the effective date of this MOU shall continue to have such dues deduction made by the City during the term of this MOU; provided, however, that any employee in the Unit may terminate such Union dues during the thirty -day period commencing ninety days before the expiration of the MOU by notifying the Union of their termination of Union dues deduction. Such notification shall be by certified mail and should be in the form of a letter containing the following information: employee name, employee number, job classification, department name and name of Union from which dues deductions are to be cancelled. The Union will provide to the City with the appropriate documentation to process these membership dues cancellations within ten (10) business days after the close of the withdrawal period. It is understood and agreed that all non -management staff within the City Manager's Department; Payroll Specialist in the Finance and Administration Department and Office Assistant II in the Human Resources Department are confidential positions within the -1- 403 Union which constitute a separate bargaining unit represented by the Union and which is covered by the terms of this MOU. B) Within 120 days upon approval from the City Council and ratification of this agreement, both the City of Lynwood and LEA-AFSCME Local 1920 agree to meet and discuss the language contained within Article 2 of this Memorandum of Understanding. ARTICLE 3 EMPLOYEE ORGANIZATION DUES DEDUCTION Section 1 Payroll Deductions The Union will provide written notice (written notice may be provided electronically) to the City certifying that it has received authorization to have the regular dues of its members deducted from their paychecks. (in accordance with CA law). Upon receipt of written notification from the Union, the City shall deduct from each Unit member's first and second paycheck of each month and remit to the Union all such monies as are authorized in writing by the employees individually to the Union to the extent required by law. Such employee authorizations shall comply with appropriate laws and regulations. Employees shall continue to have such dues deduction made by the City until the Union provides written notification that such dues deduction shall cease. Any requests to revoke or change Union membership deductions must be referred to the Union. The Union shall indemnify, defend, and hold the City of Lynwood harmless against any claims made and against any suit instituted against the City of Lynwood regarding the deduction of employee organization dues. Section 2 Union Access to New Employee Orientations and Information (SB 866 & AB 119) Up to two (2) Union representatives will be provided with paid release time to meet with newly hired City employees in represented AFSCME classifications during new employee orientation. . Representatives will be allowed up to one (1) hour for each orientation session to talk to new Unit members and to explain the rights and benefits under the MOU. The Union will be given notice of newly hired or promoted employees into the bargaining unit, or if a general new employee orientation, at least ten (10) days prior to the session. The City will provide the Union with the name, job title, department, work location, work, home and personal cellular telephone numbers, personal email addresses on file with the employer, and the home address of all new bargaining unit employees within 30 days of hire or by the first pay period of the month following hire The City will provide the Union with the same information above for all employees at least every one -hundred -twenty (120) days or upon request. The City will provide the information in electronic format when the information is stored in a manner that allows it to be provided electronically. -2- 404 Section 3 AFSCME PEOPLE Deductions The Employer agrees to deduct from the wages of any employee who is a member of the union an AFSCME PEOPLE deduction as provided for in a written authorization. Such authorization must be executed by the employee and may be revoked by the employee at any time by giving written notice to both the employer and the union. The Employer agrees to remit any deductions made pursuant to this provision promptly to the union together with an itemized statement showing the name of each employee from whose pay such deductions have been made and the amount deducted during the period covered by the remittance. ARTICLE 4 NON-DISCRIMINATION PLEDGE It is agreed that neither the City nor the Union shall discriminate against any employee because of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, age, sexual orientation of any person, Union membership or activity or political affiliation. This prohibition shall include any other protected characteristics not mentioned here as may be subsequently required by law pursuant to Government Code Section 12940. ARTICLE 5 CITY RIGHTS Section 1 It is understood and agreed that the City retains all of its powers and authority to direct, manage and control its operations to the full extent of the law. Said powers and authority include, but are not limited to, the exclusive rights to: determine its organization; direct the work of its employees; determine the times of operation; determine the kinds and levels of services to be provided, and the methods and means of providing them; establish its policies, goals and objectives; determine staffing patterns, determine the number and kinds of personnel required; maintain the efficiency of City operations; build, move, modify or close facilities; establish budget procedures and determine budgetary allocations; determine the methods of raising revenue; contract out work; and take action on matters in the event of emergency. In addition, the City retains the right to hire, classify, assign, evaluate, transfer, promote, terminate and discipline employees. Subject to any rights of employee provided in this MOU or applicable law. Section 2 In cases of emergency, the City retains its right to amend, modify or rescind provisions of this MOU. Such amendment, modification or recession all remain in force only for the period of the emergency. The determination of whether or not an emergency exists is solely within the discretion of the City Council. -3- 405 ARTICLE 6 UNION RIGHTS The Union shall have the right to conduct Union business as follows: A) The right to use City facilities to hold official scheduled meetings regarding Union business. The right to use City equipment including telephones and photocopiers for reasonable Union purposes in an amount not to exceed fifty dollars ($50) per month. If the amount exceeds the $50 limit, then the Union shall reimburse the City for such costs, including copy charges of three cents (3C) and five cents (5C) per page for letter or legal - size copies, respectively, and eight cents (8C) and fifteen cents (15C) for color copies of same. Reasonable Union purposes and/or business shall not include administrative claims or proceedings, civil proceedings, political activities, campaigning, or any decertification or representation disputes with any other employee organization or Union. B) The right to post information concerning elections, benefits, notices, reports, programs and promotions. (Bulletin Board). C) The right to notice by the City of new employees in the unit. Such notice shall include name, home address, home phone number, classification, work hours, department, starting salary, and work location. D) The Human Resources Department shall distribute informational materials provided by the Union to new employees and fifteen (15) minutes will be set aside for the employee to meet with a Union representative during the in -processing orientation. Any additional meetings between new hires and Union Shop Stewards shall be outside normal business hours. E) The right to designate authorized representatives who shall have access to work locations and employees subject to Department Head approval, when such access does not unduly interfere with departmental operations and is in the course of grievance resolution. The Union may designate one Shop Steward per department. The Union may, at its sole discretion, assign a Steward from another department as may be necessary on a case by case basis, with written notification including explanation to the City. The assigned steward shall request in writing and shall be allowed reasonable time off during duty hours for this purpose, provided the time requested does not substantially impact departmental operations. In the event the steward cannot be released as requested, the supervisor shall provide an alternate time within the next forty-eight (48) hours. In the event that an alternate time is provided, all time limits in the grievance procedure shall be extended for an amount of time equal to the delay. Stewards shall be designated in advance by written notice from the Union to the Human Resources Director and the Steward's Departmental Director. -4- 406 F) The Union shall be allowed the use of the City's intranet for purposes of Union communications. As the City Manager's Designee, the Human Resources Director or any staff member in the HR Department designated by the HR Director will provide final review and approval of all related content/information. G) The Union shall be entitled to hold four (4) one -hour meetings annually or one per quarter during duty hours. These meetings will be held from 5:00 - 6:00 p.m. and all, as reasonably possible, Union represented employees shall be released from work in order to attend. In addition, the Union shall be entitled to one (1) hour of release time each month for executive board meetings on the first Wednesday of each month at 10am, with proper notice given to their immediate supervisor or, if supervisor not available, department head, Human Resources, and the City Manager. H) During successor MOU negotiations, the Union to request, and HR Director to review and approve, appropriate and reasonable release time during duty hours for designated Union representatives to prepare for and attend labor negotiation meetings with the City negotiation representatives. I) The City shall provide the Union as well as the effected employee at least twenty-four (24) hour advance notice of any City requested meetings such as investigations, discipline, termination, reasonable accommodation, return to work, or "interactive process", unless such meetings are an emergency with less than twenty -four-hour advance scheduling, in which case notice shall be given to the Union and the effected employee as soon as possible. J) Upon request of either party the City and the Union shall hold a Joint Labor Management Committee (JLMC) meeting to discuss items including, but not limited to safety, and implementation of new policies and procedures as it relates to impacted LEA employees. Said committee shall consist of the Union executive board and HR Director, and/or their designees including any relevant department director. This JLMC provision is not intended to violate or supersede any City Rights listed in Article 5. ARTICLE 7 NO STRIKE Section 1 Prohibited Conduct A) The Union, its officers, agents, representatives and or members agree that during the term of this MOU they will not cause or condone any strike, walkout, slowdown, sick- out, or any other job action by withholding or refusing to perform services. B) Any employee who participates in any conduct prohibited in subsection A above, shall -5- 407 be subject to termination by the City. C) In addition to any other remedies or disciplinary actions available to the City if the Union fails, in good faith, to perform all responsibilities listed below in Section 2 A below, the City may suspend any and all of the rights, privileges, accorded to the Union under the Employer -Employee Relations Resolution in this MOU including, but not limited to, right of access, check -off, the use of the City bulletin boards and facilities. Section 2 Union Responsibility A) In the event that the Union, its officers agents, representatives, or members engage in any of the conduct prohibited in Section 1 A, above, the Union shall immediately instruct any persons engaging in such conduct is in violation of this MOU and unlawful and they must immediately cease engaging in conduct prohibited in Section 1 A, and return to work. B) If the Union performs all of the responsibilities set forth in Section 2 A above, then its officers, agents, representatives shall not be liable for damages for prohibited conduct performed by employees who are covered by this MOU in violation of Section 2 A above. ARTICLE 8 HOURS OF WORK All classified full-time City employees shall be required to work a, 5/8 (five-day, eight -hour each day) or 4/10 (four -day, ten -hours each day) schedule (dependent on position and department operation) except as designated by other resolutions and ordinances enacted by the City Council and by directives of the City Manager acting within the framework of said resolutions and ordinances. Resolution 76-86 provides that no CaIPERS eligible hourly person, temporary help or seasonal worker shall not work more than thirty-five (35) hours in any week. Non-CaIPERS hourly part-time employees, temporary help or seasonal workers may not exceed working more than twenty-eight (28) hours a week, one -hundred -twenty-five (125) hours a month, AND nine -hundred -sixty (960) hours in a fiscal year. The City shall notify all employees of changes in their work schedule at least fifteen (15) days before such change is to be implemented. Each City Department shall establish a time off and schedule policy. Shift Bids and Seniority: Seniority shall be determined by the length of time the employee has been in his/her current classification. -6- 408 With respect to the Department of Public Works and Community Development employees, seniority shall be accorded appropriate consideration with regards to regular and planned overtime assignments as follows: On or before June 15th of each year, field staff for the Department of Public Works and Department of Community Development, shall have the opportunity to review the schedules two (2) weeks prior. Shifts shall be selected by seniority in the class on a posted bid list. New assignments will become effective the first full pay period in July. Schedule revisions that do not relate to temporary or incidental changes such as sick leave coverage, etc., shall be reviewed by the Director of the appropriate department. In the event the City is unable to fill vacant shifts during a period when selection of shifts is by seniority, the City will consider filling vacancies first by seniority, and if not filled by employees, may be assigned by inverse seniority. ARTICLE 9 ATTENDANCE Employees shall be in attendance at their work in accordance with the rules regarding hours of work, holidays and leaves. If an employee is unable to report to work, he/she must notify his supervisor in accordance with departmental policy. Failure to do so may result in disciplinary action. Any employee who is unable to report to work for a period in excess of ten (10) working days must be on paid leave status (vacation, holiday or sick leave) or must apply to the department head for an unpaid leave of absence. Failure on the part of an employee, absent without leave, to return to duty within twenty-four (24) hours after notice to return shall be deemed a resignation unless an acceptable reason is given. Such notice to return shall be sent by registered mail to the addressee only, return receipt requested. It is the responsibility of the employee to notify the supervisor and the Human Resources Department of any change of address or telephone number. ARTICLE 10 SALARIES/WAGES Section 1 Salary Adjustments A) Effective July 1, 2023, all represented Unit members shall receive a cost -of -living adjustment (COLA) to their base salary of four -percent (4%); B) Effective July 1, 2023, all represented Unit members shall receive a one-time, "Non- PERSable" lump sum payment equal to five (5%) percent OR $4,000 for full-time employees, $1,200 for part-time employees, $3,000 for part-time CaiPERS employee, whichever is the greater benefit to the individual employee upon approval of this Memorandum of Understanding by the City Council and its ratification. Any part-time -7- 409 employee hired as of July 1, 2023 through November 7, 2023, is eligible to receive the Non-PERSable lump sum payment, assuming the part-time employee is still actively on payroll. Any part-time employee hired after November 7, 2023, will not receive the Non- PERSable lump sum payment until the next Non-PERSable lump sum payment that is due on July 1, 2024, assuming the part-time employee is still on payroll. C) Effective July 1, 2024, all represented Unit members shall receive a cost -of -living adjustment (COLA) to their base salary of four -percent (4%); D) Effective July 1, 2024, all represented Unit members shall receive a one-time, "Non- PERSable" lump sum payment of four (4%) percent; E) Effective July 1, 2025, all represented Unit member shall receive a cost -of -living adjustment (COLA) to their base salary of four (4%) percent. Effective July 1, 2026, all represented Unit members shall receive a cost -of -living adjustment (COLA) to their base salary of five (5%) percent. Section 2 Salary Re -Opener Negotiations On or after July 1, 2025, the parties agree to re -open negotiations to review the City's revenues and discuss a potential additional Non-PERSable lump sum payment for the third year of this MOU. Section 3 Minimum Wage Re -Opener Negotiation The parties agree to re -open negotiations to review the impacts of a minimum wage increase by the State of California that results in the State's minimum wage being higher than any of the City's lowest (Step A) salary/hourly ranges for any of the Unit's classifications, found within the City's salary schedule. However, nothing herein shall be construed as a guarantee of any changes to the City's salary ranges (within the salary schedule) impacted by such a raise in the State of California's Minimum Wage. Section 4 Employer Paid Member Contributions to CaIPERS Effective the start of the first full pay period in January 2013, all CaIPERS eligible employees in the Unit shall cease receiving any Employer Paid Member Contribution being paid by the City to CaIPERS. In other words, all Union represented CaIPERS eligible employees regardless of hire date shall be responsible for their full eight percent (8%) member contribution to CaIPERS. Section 5 Mandatory Direct Deposit All Unit members shall be on mandatory electronic direct deposit. -8- 410 ARTICLE 11 STEP INCREASES Employees are eligible for a step increase upon successful completion of probation and thereafter will be considered on the basis of merit after intervals of one (1) year. Section 1 Any full-time employee hired or promoted to Step A of a different range of pay, shall receive the Step B salary at the successful completion of the probationary period. Increases to Step C, D and E within any pay range shall be based on satisfactory job performance by the individual and shall be reviewed at least at the following time intervals: • Step C - One (1) year after the Step B increase; • Step D - One (1) year after the Step C increase; • Step E - One (1) year after the Step D increase Any part-time employee hired or promoted to Step A of a different range of pay, shall receive the Step B hourly wage upon one-year from the initial date of hire, based on satisfactory job performance by the individual and shall be reviewed at least at the following time intervals: • Step B — One (1) year from initial date of hire; • Step C — One (1) year after the Step B increase; • Step D — One (1) year after the Step C increase; • Step E — One (1) year after the Step D increase Part-time employees are not eligible for a step increase after a "probationary period" as the case with full-time employees, as part-time employees are considered "at -will" and may be separated from employment at any time, with or without cause or prior notice. Section 2 Full-time employees hired or promoted to any step above Step A shall receive the next step at the successful completion of the probationary period. Other increases within the salary range shall be followed in the method described in Section 1. Section 3 New employees, as well as current employees accepting another position within the Unit, shall be appointed at the first step of the salary range to which their class is assigned, except when the -9- 411 education and previous training or experience of a proposed employee are substantially superior to those required of the class and justify a beginning salary in excess of such minimum compensation. Upon recommendation of the department head, the City Manager may authorize an appointment to this position at any higher step. The department head shall submit his recommendation to the City Manager in such form, together with such information as the City Manager may require. ARTICLE 12 LONGEVITY PAY A longevity pay program is hereby established for regular full-time City employees as follows: • 1% of base salary at the end of seven (7) years of service; and an additional; • 1% of base salary at the end of twelve (12) years of service; and an additional; • 1% of base salary at the end of seventeen (17) years of service; and an additional Effective 7-1-95: • 2% of base salary at the end of twenty-two (22) years of service The additional percent(s) to base salary shall be paid on normally assigned position and not any temporary or special assignment. In addition, benefits shall not accrue during the term of an unpaid leave of absence nor does such time count as service time for step increases, seniority or other purposes. Active full-time employees shall be credited with one (1) year of service credit towards longevity pay for every two (2) years of service as a part-time employee with the City. This action shall supersede the Side Letter Agreement entered into on January of 2019 between the City and LEA. ARTICLE 13 ACTING SUPERVISORY PAY At such time as a supervisory position becomes temporarily vacant for reasons of sick leave, leave of absence or injury on duty status, a civil service employee may be assigned the supervisory duties and designated as "acting." Further, at such time a supervisory position becomes vacant on other than a temporary basis as described above, i.e., without an incumbent, a civil service employee, who has less than the minimum training or experience requirements for temporary appointment, may be assigned the duties and designated as "acting" upon determination by the supervisor, the department head (or City Manager, if appropriate) that said employee is best qualified to perform all or a substantial portion of the duties of the supervisory position. The selection of the employee for "acting" status shall be within the sole discretion of the department head. Employees acting in a supervisory position shall not be entitled to any additional -10- 412 compensation for doing so unless they work eight (8) or more days in that assignment at which time they shall be entitled to acting compensation retroactive to the first day of that assignment. Such compensation shall continue until such time as the incumbent returns or, in the case of a position being vacant, the employee meets the temporary appointment requirements, but in no case shall temporary duty last longer than one -hundred -eighty (180) days except by mutual agreement by employee and the City. Acting compensation is at the step rate in the supervisory position range which exceeds but is closest to the employee's current rate of pay in the permanent position or one -hundred fifty dollars ($150.00) per month, whichever is less. Part- time employees are excluded from this provision. ARTICLE 14 ADDITIONAL DUTIES PAY Upon ratification of this MOU, when an employee is officially determined by their Department Head and the HR Director to be temporarily performing additional duties outside his/her classification, such employee shall be eligible for Additional Duties Pay between two -hundred ($200) and five -hundred ($500) dollars per month, as deemed appropriate by the employee's Department Head. Eligibility for the additional pay shall commence after fourteen (14) days of performing the additional duties, not to exceed any twelve (12) month period and may be made retroactive. Any employee receiving Acting Supervisory Pay shall not be eligible for Additional Duties Pay. ARTICLE 15 STANDBY PAY A) All non -management, except hourly employees, in the Recreation and Community Services and Public Works Department who have experience and training to perform call back duties are eligible for standby duty. When an employee is required to be available for immediate emergency call back at times the employee is not otherwise on duty, the employee shall be compensated at the rate of sixty dollars ($60.00) per shift, which constitutes Standby Pay. All employees during the period they are scheduled for such duty shall perform such services as may be designated by the City Manager or his designee and shall be available at all times during the duty shifts for emergency work. No overtime credit shall be accrued to employees on standby shifts. However, the call back pay provisions, as provided in Article 17 of this MOU, apply when an employee on standby duty is required to return to work. The City shall have one combined standby crew for Public Works and Recreation and Community Services call backs. Part-time employees shall not be assigned to standby duty. -11- 413 Standby Shifts Defined: Public Works: A standby shift for a working day is hereby fixed as a duty period extending from 5:00 PM to 6:30 AM of the following day. From 6:30 AM on Saturdays, Sundays, and holidays to 6:30 AM of the following day shall be considered as two (2) standby shifts and the employee will be paid seventy- five dollars ($75.00) per shift. Public Safety: A standby shift for a working day is hereby fixed as a duty period extending from 9:00 PM to 7:00 AM of the following day, for Saturday, being one standby shift, and from 9:00 PM to 7:00 AM on Sunday, being one standby shift. Holidays will consist of two (2) standby shifts covering from 7:00 AM to 7 AM of the following day. Employees will be paid seventy-five dollars ($75.00) per shift. ARTICLE 16 CALL BACK PAY Call back pay is work incurred at the direction of the supervisor, department head or City Manager wherein City employees are ordered to return to work for the welfare of the public and the City. In the event an employee, including an employee on standby, is called back or required to report to work, such employee shall be paid a minimum of two and one-half hour at the rate of pay applicable under the Fair Labor Standards Act (time and one-half of the regular rate if the hours worked exceed forty (40) in the work week). Response to further emergency calls within the paid two and one-half (2 1/2) hour minimum period do not result in additional two and one half (2 %) hour minimum periods. Call back time begins from the time the employee reaches the place of employment, unless the employee is driving a City vehicle directly to the worksite, then the City shall pay for travel time to and from the worksite. Regular standby shifts are not considered overtime and are covered elsewhere in this MOU. Part-time employees are excluded from the provisions of this Article. ARTICLE 17 BILINGUAL PAY The City Manager may grant compensation to full-time employees who have passed their initial probationary period and any part-time/hourly employee who utilize their bilingual skills in the course of work, providing that such use is for at least twenty percent (20%) of the employee's working time for either written or oral communication. Employees required to use bilingual skills in the course of their work may request bilingual pay by submitting written justification approved by the department head to the City Manager. Employees must pass the requisite exam to be considered for bilingual pay. -12- 414 Those employees approved for bilingual pay shall be required to pass a language proficiency examination. Upon ratification of this MOU, bilingual pay shall be one -hundred -ten dollars ($110.00) per month for full-time employees and one -hundred dollars ($100.00) for part-time employees, paid on a bi-weekly basis effective the first full pay period after the first of the month following the submission of a personnel status form with proper approval. ARTICLE 18 SHIFT DIFFERENTIAL PAY Effective July 1, 2017, full-time employees shall receive a Shift Differential Pay of $1.00 per hour when scheduled after 6:00P.M. and before 7:00A.M. This Shift Differential Pay does not apply to public emergency response situations where standard overtime rules exist. WEEKEND SHIFT DIFFERENTIAL PAY Upon ratification of this MOU, full-time employees shall also receive a Shift Differential Pay of $1.00 per hour when scheduled to work on a Saturday, or Sunday. This Shift Differential Pay does not apply to public emergency response situations where standard overtime rules exist. ARTICLE 19 EDUCATION/CERTIFICATION PAYS & TUITION REIMBURSEMENT To encourage employees in undertaking outside study to the end that they may perform their duties in a more effective and efficient manner, in addition to the City's ongoing commitment to the professional development of its employees, a system of Education and Certification Pay, is hereby established. Education Pay for Bachelor's or Master's Degrees: Certain positions within the group do not require degrees of higher education. Upon ratification of this MOU, the City shall pay employees one -hundred -twenty-five dollars ($125.00) per month who have graduated and received a Bachelor of Arts or Science degree from an accredited college or university, or the City shall pay employees two hundred dollars ($225.00) per month who obtain a Master's degree from an accredited college or university. An employee may not receive payment for having both a Bachelor's of Art or Science degree and a Master's degree. The employee may only receive payment for the Master's degree. Compensation under Education Pay only applies to those employees whose positions do not require a Bachelor's or Master's degree as set forth in the City's official job description(s). An employee who requests compensation under Education Pay must submit his/her request, along with a copy of the qualifying degree to his/her department's HR Representative who will -13- 415 obtain the employee's Department Head approval before forwarding (along with accompanying Personnel Action Form) to Human Resources for final processing. If approved by the Director of Human of Resources, Education Pay will commence the following pay period in which Human Resources received the request and copy of the qualifying degree. Certification Pay(s): The following Certification Pays will be paid to those employees who have obtained one of the following qualifying certificate(s): Pest Control Operator's License $50.00/month Meeting and Minutes Clerk/Commission $50.00/month California Class "A" Driver's License (only for positions below) $75.00/month o Street Maintenance Worker o Street Maintenance Lead Worker o Senior Street Maintenance Worker o Water Service/Wastewater Worker III o Water Service/Wastewater Lead Worker o Senior Water Service/Wastewater Worker Drinking Water Operator Certification Program (DWOCP) Water Treatment Operator (CA): o Grade 1 $100.00/month o Grade 2 $150.00/month o Grade 3 $200.00/month o Grade 4 $250.00/month o Grade 5 $300.00/month -14- 416 Drinking Water Operator Certification Program (DWOCP) Water Distribution (CA): o Grade 1 $100.00/month o Grade 2 $150.00/month o Grade 3 $200.00/month o Grade 4 $250.00/month o Grade 5 $300.00/month Traffic Signal Electrician: o Level 1 $100.00/month o Level 2 $150.00/month International Code Council (ICC, formerly ICBO): o Building Inspector $75.00/month o Mechanical Inspector $75.00/month o Electrical Inspector $75.00/month o Plumbing Inspector $75.00/month Engineering/Land Surveying: o Engineer in Training (EIT) $100.00/month o Professional Engineer $100.00/month Only one certification from each of the above categories is eligible for certification pay. If an employee qualifies for more than one certification pay in multiple categories, the certification pay may not exceed $500.00 per month. An employee who requests compensation under Certification Pay(s) must submit his/her request, along with a copy of a qualifying certificate(s) to his/her department's HR Representative who will obtain the employee's Department Head approval before forwarding (along with accompanying Personnel Action Form) to Human Resources for final processing. If approved by the Director of Human of Resources, Certification Pay will commence the following pay period in -15- 417 which Human Resources received the request and copy of the qualifying certificate(s). Tuition Reimbursement: The City will contribute one -hundred percent (100%) of the cost of tuition fees for vocational courses taken to obtain a qualifying Certification Pay certificate and/or college courses taken, up to seven -hundred fifty dollars ($750.00) per certification course, or college courses (whether semester or quarter). The maximum City contribution to cost of tuition, fees (including parking), materials, taxes, and books is one -thousand five hundred dollars ($1,500.00) annually, with a cap of six -thousand dollars ($6,000.00) for the entire period in which the employee is employed by the City. Tuition reimbursement will only be considered for such vocational courses that lead to an employee receiving a certification that is eligible for certification pay and/or college courses that would benefit both the employee AND the City. Only those college courses that are related to the educational requirements of any position within the City's Classification Plan, will be considered for pre -approval for tuition reimbursement. Prior to registering, employees must obtain pre -approval from both the employee's Department Head AND the City's Director of Human Resources for consideration of tuition reimbursement. Upon registering, the employee shall immediately thereafter provide proof of registration and related costs to Human Resources as part of their submission for reimbursement. Upon completion of pre -approved courses, employees must submit proof of a passing grade to Human Resources, with a grade of "C" or above, or a grade of "pass" in the event of a "pass/fail" course, in order to receive reimbursement. Tuition Reimbursement Program guidelines and Pre -Approval forms are available in the Human Resources Department. Employees may also refer to the City's Tuition Reimbursement Policy for further information. "Me Too" During the life of this agreement, should the Lynwood Employees' Management Group Bargaining Unit receive a more favorable tuition reimbursement package that that received by a full-time employee who passed his/her probationary period covered by this Memorandum of Understanding, with respect to the maximum City contribution towards the cost of tuition, fees (including parking), materials, taxes and books, the City shall provide equal tuition reimbursement to those eligible full-time employees covered under this Memorandum of Understanding, not to exceed $3,000 total each year and $12,000 throughout the duration of the eligible employee's time of employment with the City. -16- 418 ARTICLE 20 UNIFORM AND CLOTHING ALLOWANCE Recreation: The City shall furnish annually to all hourly Recreation employees three (3) shirts and one (1) windbreaker identifying them as City employees. All Natatorium personnel shall be provided with two (2) swimsuits annually to identify them as City employees. Public Works: The City will furnish Public Works Department employees whose duties require uniforms, nine (9) uniform changes per year plus two (2) additional laundered shirts per week. Public Safety Officers: On January 1st, following one-year of employment, the City shall credit Public Safety Officers with a uniform account of six -hundred dollars ($600) per calendar year to purchase uniforms and uniform items, such as jackets, socks and t -shirts, etc. The items must be purchased through the City' existing contract and must be part of the employee's uniform. Management reserves the right to require an employee to use the account to purchase new uniform should the employee's existing uniform(s) show signs of wear and tear. Effective July 1, 2017, employees identified below that are required to wear OSHA safety boots/shoes shall receive two -hundred dollars ($200.00) as a uniform allowance annually. The allowance is taxable and will be included within the employee's paycheck. Positions entitled to uniform and/or clothing allowances are identified below as follows: • Building Maintenance Lead Worker • Custodian • Electrical Maintenance • Lead Custodian • Lead Public Safety Officer • Lead Worker Building • Maintenance Worker • Maintenance Worker 1 Laborer (Assigned to Street, Water, Right -of -Way, Grounds Maintenance) -17- 419 • Public Safety Officer • Assistant Engineer (Boots only up to one -hundred dollar [$100] allowance annually) • Public Works Inspector • Senior Street Maintenance Worker • Street Maintenance Lead Worker • Street Maintenance Worker • Wastewater Service Worker I • Wastewater Service Worker II • Wastewater Service Worker III • Wastewater Service Lead Worker • Water Compliance Specialist This provision supersedes the Side Letter Agreement executed on December of 2019 between the City and LEA. Equipment: It is the responsibility of the City to provide all equipment required for each job. In the case of Public Safety positions (Code Enforcement, Parking Enforcement, and Animal Control Officers) the equipment to be provided by the City shall include necessary safety equipment, including, but not limited to pepper spray, radios, flashlights, handcuffs, and bullet proof vests, as well as catch -sticks and bite -sticks for animal control officers. ARTICLE 21 MILEAGE REIMBURSEMENT With the approval of the department head and the City Manager, the City will reimburse full- time and part-time employees required to use their personal vehicles for the purpose of conducting City business at the current rate contained in the Internal Revenue Service code book at the time of use. Necessity for and payment of out-of-town mileage must be approved by the employee's -18- 420 supervisor. The employee must document the date, destination and beginning and ending odometer from his or her vehicle in supporting the request. Said information must be logged on Mileage Claim Form when requesting payment. ARTICLE 22 OVERTIME Section 1 Definition Time worked over and above the forty (40) hour work week which the supervisor has determined is required for the employee to complete assigned work. Time shall be allowed in increments of 1/4 hour. Hours not worked, such as sick leave, vacation and floating holidays are not counted as time worked when computing overtime. Those holidays identified in Article 32, Section 1, shall be counted as time worked when computing overtime. Section 2 Methods of Overtime Compensation An employee who works in excess of forty (40) hours in a workweek shall receive compensatory time at the rate of 1.5 hours for each hour worked in excess of forty (40) per workweek to a maximum of eighty (80) hours of compensatory time. An employee has the option of either pay for overtime or accrual of overtime to the maximum hours allowed by marking the appropriate section on the timecard for the payroll period during which the overtime was worked. Any hours in excess of eighty (80) hours will be paid. Accumulated compensatory time up to the eighty (80) hour maximum will only be paid as described below or upon termination. Compensatory time will automatically carryover from year to year without submitting a request to carryover such hours per Article 36, Section 3 of this MOU. For a cashout of Compensatory Hours, employees must refer to the restrictions outlined in Article 35, Section 4 of this MOU. The City reserves the right to reject a request to take compensatory time if it determines that the absence of the employee at the time requested would unduly disrupt the City's operations. Section 3 Procedures for Reporting Overtime Overtime should be reported as actual hours on the appropriate line provided on the time card, i.e., overtime to be paid or overtime to be accrued. Finance will do all the necessary calculations. Cumulative totals will be reported on the employee's check as is current practice. Section 4 Bidding for Overtime Shifts Based on Seniority A. The opportunity to work for "planned" overtime shifts shall be rotated according to direct order of seniority within the classification and crews, within the department, which usually perform the work during the normal work shift. If a unit member does perform the overtime work, then he/she shall go to the bottom of the list. If a unit member is not available within 15 minutes, then he/she shall go to the bottom of the list. In the event of an emergency that requires an immediate response by the City, the Department Head -19- 421 may exercise his/her discretion to forego the aforementioned overtime list, assuming the department has the appropriate personnel present or on hand to properly address the emergency situation in an expeditious manner. B. The City and Union agree to Meet and Confer on this section within 180 days to define the bidding of overtime in the event of an emergency. ARTICLE 23 ELIMINATION OF EXEMPT STATUS Effective July 1, 1982, all full-time employees who are in classifications covered by this MOU shall no longer be considered "Exempt". All such employees shall be subject to all provisions of this MOU except that any employee who was hired as an "Exempt" employee prior to July 1, 1982 and has not completed the probationary period shall be entitled to accrue and use holidays and vacation during such probation. ARTICLE 24 EMPLOYEES' INSURANCE COVERAGE The City shall provide funding for medical expenditures as follows: A) The City is a contracting agency for participation in the Public Employees' Medical and Hospital Care Act ("PEMHCA"). Government Code Section § 22892 provides for the minimum employer contributions to allow enrollment in PEMHCA. B) As the City's minimum contribution to PEMHCA is determined by CaIPERS, the contribution shall be adjusted from calendar year to calendar year to correspond with statutory amended minimum employer contribution rates. C) For each employee in the represented Unit hired prior to January 1, 2009, the City will fund an amount which, when added to the minimum mandated employer contributions to participate in PEMHCA, equals the Region 3 Family Premium Rate for Kaiser coverage, as that amount from time to time exists. This funding will be implemented by a combination of (a) direct contributions by the City to CaIPERS of eighty percent (80%) of the Region 3 Family Premium Rate for Kaiser coverage and (b) direct contributions by the City of twenty percent (20%) of Region 3 Family Premium Rate for Kaiser coverage under a health reimbursement arrangement maintained for those employees by the City. D) For each employee in the represented Unit hired on and after January 1, 2009, the City will fund an amount which, when added to the minimum mandated employer contributions to participate in PEMHCA, equals eighty percent (80%) of the Region 3 Kaiser Family coverage rate. -20- 422 E) The balance of any premiums due for coverage selected by the employee for the employee and eligible dependents will be funded under a cafeteria plan by payroll deductions from each such employee. F) For employees hired on or after September 1, 2011, the City has "capped" City paid health insurance at one -thousand two -hundred seventy-eight dollars and forty cents ($1,278.40) per month.. Note: this means that employees hired on or after September 1, 2011 are responsible for paying the difference or any out-of-pocket expenses towards the balance of the monthly PERS health plan and premium in which the employee is enrolled in. G) Regardless of date of hire, an employee may select any of the Health Insurance Plans offered through CaIPERS, for the employee and any eligible dependents. H) With verifiable proof of non -City health benefits coverage as determined by the HR Director, employees shall be eligible to receive either cash -in -lieu of benefits on a post - tax basis or a contribution in lieu of benefits to deferred compensation on a pre-tax basis in an amount equivalent to the Region 3 Kaiser "Employee Only" rate or five hundred dollars ($500) per month, whichever is less. Caveat: If an administrative or judicial entity finds this Article to be invalid or of negative financial impact to the City, to its employees and/or to the provision of these benefits, the parties agree that this Article XVIII shall be immediately subject to a meet and confer reopener. The parties do further agree that a substitute provision resulting from the meet and confer process shall result in no greater economic expenditure to the City then that which would have occurred pursuant to the above provisions. Dental Insurance: The City will continue to pay the full cost of dental plan premiums for fulltime and CaIPERS eligible part-time employees and their eligible dependents for the duration of this MOU. The City further agrees to enhance the current dental benefits to include a retirement benefit for employees who retire from active City service with at least five (5) years tenure with the City. Verification of CaIPERS retirement application will be required. In March of each year, the City will reimburse active employees for dental plan deductibles incurred in the previous calendar year. Said reimbursement also applies to hourly employees who are eligible for dental coverage. Life Insurance: The City shall continue to provide fifty -thousand dollars ($50,000.00) life insurance for all full- time and CaIPERS eligible part-time employees with the full cost of the premium paid by the City inclusive of a retirement benefit. -21- 423 Vision Insurance: The City shall continue to pay the full cost of Vision Plan premiums for all fulltime and CaIPERS eligible part time employees and their dependents inclusive of a retirement benefit clause. The City will reimburse employees up to a maximum of thirty dollars ($30) per eligible dependent/employee for vision co -payments incurred in the previous calendar year with proper documentation. Disability: In accordance with the side letter entered into in January of 2018, the City shall change disability insurance coverage for full-time employee from the State of California's Disability Insurance program to a privately provided short and long-term (STD/LTD) disability insurance on January 1st, 2018, for its full-time employees. For part-time employees, the City shall continue to participate in the State of California's Disability Insurance program with the full cost of such plan to be paid by the City. CaIPERS Eligible Health Benefits: The City will contribute toward health and dental coverage for all part-time Unit employees who pursuant to CaIPERS regulations are members of CaIPERS and mandated to participate in the CaIPERS health plan. Such benefit shall continue only for such time as CaIPERS requires such a contribution. Employee Assistance Program (EAP): The City shall implement an Employee Assistance Program (EAP) with the full insurance premium incurred by the City for full-time and hourly CaIPERS eligible employees. ARTICLE 25 WORK RELATED INJURIES Under the provision of the Worker's Compensation Insurance and Safety Act of California, employees are compensated for injuries sustained in the course of employment, rendering them unable to perform their duties. The City shall provide full salary continuance for thirty (30) calendar days to an employee who is disabled by injury or illness arising out of and in the course of his/her or her duties. Time off work due to an on-the-job injury is not deductible from accumulated sick leave for period not to exceed thirty (30) calendar days. However, there is a three (3) day waiting period which at that time an employee will have to use accrual sick time, this amount may be credited back if the Worker's Compensation claim is approved. The salary continuation may be extended beyond thirty (30) days on a case -by -case basis as approved by the City Manager. Thereafter, compensation shall be only as provided in the Worker's Compensation Insurance and -22- 424 Safety Act. Part-time employees are excluded from the provisions of this Article relating to the salary continuance. ARTICLE 26 SICK LEAVE POLICY Section 1 Sick Leave Credit Sick leave with pay shall be granted by the City at the rate of one work day for each calendar month of service accrued at 3.69 hours per pay period or prorated if not a full pay period. Sick leave shall not be considered as a privilege which an employee may use at his or her discretion, but shall be allowed only in case of necessity and actual sickness or disability. In no event will sick leave with pay be granted in excess of that which is accrued. Part-time employees shall accrue 1 hour of sick leave with pay per thirty (30) hours worked, per the California Paid Sick Leave law the Healthy Workplaces, Healthy Families Act of 2014. Section 2 Sick Leave Use In order to receive compensation while absent on sick leave, the employee shall notify his or her immediate supervisor prior to, or within two (2) hours after the time set for beginning duty, unless notification is physically impractical. In addition, the employee must complete a "Request for Time Off" form upon his/her return. Such form will need to be attached to his/her timesheet in order to get compensation. Section 3 Physician's Certification A) An employee shall provide a physician's certification or personal statement verifying that the employee was absent from work due to injury or illness, whenever the employee is absent for three (3) or more days. B) The City may require a physician's release to return to work whenever the City has a reasonable doubt as to an employee's ability to perform the essential functions of the employee's position satisfactorily and safely. Section 4 Sick Leave Accrual There is no maximum sick leave credit that employees may accumulate. Section 5 Sick Leave Payoff Program The Sick Leave Payoff Program may be used in one of three (3) circumstances: (1) resignation or termination, (2) retirement (3) annual compensation. The Sick Leave Payoff Program utilizes a -23- 425 maximum limit of 768 hours. The method of compensation shall be on a straight time pay basis at the rate of pay in effect at the time of payoff. A) Upon resignation or termination and only after ten (10) years of continuous City service, an employee shall receive twenty-five (25%) for unused sick leave hours up to 768 hours. Resignation and termination shall exclude termination for cause and retirements. B) Upon regular service (non -disability retirement, and employee shall receive fifty percent (50%) compensation for unused sick leave hours up to the maximum of 768 hours. Retirement shall exclude disability retirements. C) As part of an employee's annual compensation fifty percent (50%) of sick leave earned beyond 768 hours shall be compensated annually to the employee at the end of each calendar year. The remaining fifty percent (50%) of such excess sick leave remains on the books but shall be used for actual sick leave purposes only and shall not entitle the employee to any additional compensation. Sick leave accrued beyond 768 hours shall be used prior to the earlier earned sick leave. Section 6 Miscellaneous Provisions A) The City maintains the right to discipline any employee for abusive absenteeism. B) In any calendar year, an employee shall be allowed to use sick leave accrued and available in an amount not less than what would be accrued in six (6) months of employment to attend to the illness of a child, parent or spouse of the employee. For purposes of this section, six (6) months sick leave accrual will be based on thirteen (13) pay periods. It is not the intent of this subsection to extend the maximum period of leave to which an employee is entitled under Section 12945.2 of the Government Code or under the Federal Family and Medical Leave Act of 1993, regardless of whether the employee receives sick leave compensation during that leave. ARTICLE 27 BEREAVEMENT LEAVE In the event of a death in an employee's "immediate family", the City may grant bereavement leave with pay. Eligible "immediate family" members shall be defined as the following with respect to bereavement leave: • Father/Mother; • Grandparents; • Spouse or Domestic Partner -24- 426 • Siblings; • Children; • Grandchildren of employee or employee's spouse/domestic partner Full-time employees will be afforded up to a maximum of four (4) days of bereavement leave per occurrence, while part-time employees will be afforded up to a maximum of two (2) days of leave per occurrence. The number of occurrences for bereavement leave for both full and part-time employees shall be limited to three (3) per calendar year. In order to be approved for bereavement leave pay, the employee must be adhere to the following conditions: • A bereavement leave request must be for a qualifying "immediate family member" as outlined above; • A "Request for Time Off" form must be submitted; • The employee must submit an acceptable for of proof of "immediate family member's" death. Acceptable forms of proof of an "immediate family member's" death shall be limited to a funeral program, obituary, or copy of death certificate. Requests for bereavement leave will not be approved if an employee cannot adhere to the conditions as outlined above. ARTICLE 28 EMERGENCY LEAVE In the event of an emergency, the City may grant the use of a maximum of two (2) days of any paid leave banks of the employees choosing leave annually as emergency leave. Application for emergency leave may be under the following conditions: 1) Hospitalization or illness in immediate family (not covered under Labor Code Section 233/Sick Leave 2) Death in family not covered by bereavement leave., or 3) Other events which preclude the employee's attendance at work and which the department head determines constitutes an emergency. If the department head denies an employee's request for emergency leave, the employee may request in writing that the City Manager review the request. The City Manager's decision shall be final. ARTICLE 29 JURY DUTY The City shall compensate a full-time employee who has been called for jury duty. Compensation shall be at the employee's regular hourly rate of pay. The employee shall remit to the City the amount paid by the courts minus any mileage reimbursement. -25- 427 ARTICLE 30 MILITARY LEAVE Military leave shall be granted in accordance with the provisions of federal and state law. ARTICLE 31 UNPAID LEAVE OF ABSENCE A permanent classified employee may be granted an unpaid leave of absence of up to thirty (30) days for medical, personal and other reasons. Pregnancy shall be treated as any other disability, except that beginning with the first day of absence from the job, a total of four (4) months leave time with, and/or without, pay shall be granted if medically necessary to an employee whether on temporary/hourly or permanent status. Additional time will be considered if the employee remains disabled, and may be authorized subject to the needs of the service as are other disability leaves. Extensions on other leave requests may also be granted for successive periods of up to thirty (30) days each up to a maximum of one hundred eighty consecutive days unless otherwise approved by the City Council only if the City Manager makes the recommendation. Benefits shall not accrue during the term of an unpaid leave of absence nor does such time count as service time for step increases, seniority or other purposes. Available compensatory time off and, in the case of a medical leave request, sick leave shall be used prior to the commencement of a leave of absence. All requests for unpaid medical leave must be in writing and submitted for department head and City Manager approval. The City Manager may approve up to thirty (30) days unpaid leave for personal leave requests. All other requests for leaves of absence must be submitted in writing and be approved by the City Council. Requests for medical leave and extensions of medical leave must be accompanied by a certificate from the employee's physician stating the necessity for the leave or extension. An employee returning from medical leave shall present a certification from the employee's physician stating that the employee is able to return to his/her normal work. The City may, whenever it appears justified, independently verify the physician's statements provided for in this section. During the term of such medical leave the City shall continue to pay the health insurance premiums for the employee only. Upon expiration of an approved unpaid leave of absence the employee shall be reinstated in the position held at the time leave was granted. Failure on the part of an employee on leave to report promptly at the expiration of such leave shall be cause for discharge. Part-time employees are excluded from these provisions with the exception of the pregnancy specification. ARTICLE 32 HOLIDAYS Section 1 City Observed Paid Holidays for Full -Time Eligible Employees Full-time eligible employees that are covered under the provisions of this MOU shall receive the -26- 428 following paid holidays: • New Year's Day - January 1st; • Martin Luther King Jr. Day -, Third Monday in January; • Presidents' Day - Third Monday in February; • Cesar Chavez Day — Last Monday in March; • Memorial Day - Last Monday in May; • Juneteenth —June 19th; • Independence Day - July 4th; • Labor Day - First Monday in September; • Veteran's Day - November 11th; • Thanksgiving Day - Fourth Thursday in November; • Day After Thanksgiving - Fourth Friday in November; • Christmas Day - December 25th "Regular Scheduled Full -Time Employees" If a City observed holiday named in this Section falls on a Sunday, the City will observe the holiday on the following Monday. If a City observed holiday named in this Section falls on a Friday or Saturday for a full-time employee on a regular Monday -Thursday 4/10 work schedule, the employee shall be credited with ten (10) Floating Holiday hours. If a City observed holiday named in this Section falls on a Saturday for a full-time employee on a regular Monday -Friday 5/8 work schedule, the employee shall be credited with eight (8) Floating Holiday hours. If a full-time employee works on a City observed holiday, the employee shall be compensated time and a half for the hours worked on the holiday so long as the overtime provisions in Article 23, Section 1, of this MOU have been met. -27- 429 "Non -Regular Scheduled Full -Time Employees" For those full-time employees who work outside of a regular Monday — Thursday (4/10) or Monday — Friday (5/8) work schedule, they will be credited with the appropriate amount of Floating Holiday hours should one of the City observed holidays land on their regular day off. Those employees on a 4/10 schedule will be credited with ten (10) Floating Holiday hours while those employees on a 5/8 schedule will be credited with eight (8) Floating Holiday hours. If a full-time employee works on a City observed holiday, the employee shall be compensated time and a half for the hours worked on the holiday so long as the overtime provisions in Article 23, Section 1, of this MOU have been met. Section 2 City Observed Paid Holidays for CaIPERS Eligible and Non-CaIPERS Eligible Part- Time/Hourly Employees CaIPERS Eligible Part -Time Employees: For CaIPERS Part -Time employees that are covered under the provisions of this MOU, they shall receive seven (7) hours of Holiday Pay for the following City observed paid holidays: • Presidents' Day - Third Monday in February; • Independence Day —July 4th; • Veterans Day - November 11th; • Christmas Day - December 25th If a City observed holiday named above falls on a Sunday, the City will observe the holiday on the following Monday. CaIPERS part-time employees shall be credited with seven (7) Floating Holiday Hours should one of the City observed holidays above land on an employee's regular day off. If a CaIPERS part- time employee is scheduled to work during any of the observed holidays above, the CaIPERS part- time employee shall receive time and a half for hours worked in addition to being credited seven (7) Floating Holiday hours. All Other Regular Part -Time Employees: For all other regular part-time employees that are also covered under the provisions of this MOU, they shall receive seven (7) hours of Holiday Pay for the following City observed paid holiday: -28- 430 • Independence Day —July 4th • Christmas Day — December 25th If a City observed holiday named above falls on a Sunday, the City will observe the holiday on the following Monday. Only those regular part-time employees who have worked within the two previous pay periods preceding the pay period in which either of the above holidays fall under, shall receive the seven (7) hours of Holiday Pay. Regular part-time employees are not eligible for Floating Holiday hours. However, if a regular part-time employee is scheduled to work during any of the observed holidays above, the regular part-time employee shall receive time and a half for hours worked in addition to being credited seven (7) Floating Holiday hours. Full -Time Temporary Employees: Full-time temporary employees will be eligible for the above mentioned holidays should their 15t and/or 2nd appointment fall under any of those listed. Section 3 Floating Holidays In keeping with the provision from the previous Memorandum of Understanding concerning Floating Holidays, full-time employees covered under this agreement will continue to receive Floating Holiday hours in lieu of the City observing the Washington's Birthday, Lincoln's Birthday, Columbus Day and Admission Day holidays. Floating Holiday hours shall be credited to those eligible full-time employees, who have successfully completed their probationary period, on July 1st of each year in the amount of forty (40) hours for those employees on a 4/10 work schedule and thirty-two (32) hours for those employees on a 5/8 work schedule. When a full-time employee has successfully completed his/her probationary period, the employee will be credited with a pro -rated portion of the four (4) Floating Holiday hours based on the time remaining in the fiscal year in which the employee has completed his/her probationary period. Temporary employees appointed into a full-time position will also receive a pro -rated portion of Floating Holiday hours, based on the time remaining for the fiscal year in which the employee was appointed into the position. Temporary employees may not use Floating Holiday hours unless they have been appointed to a 2nd temporary appointment of an additional six (6) months. CaIPERS Eligible and Regular part-time employees are not eligible for Floating Holiday hours unless they work on a City observed holiday as indicated in Section 2 above. -29- 431 Any remaining or unused carryover Floating Holiday hours not utilized by the employee will be lost and will not be paid for by the City. For carryover and cashout restrictions pertaining to Floating Holiday hours, refer to Article 36, Sections 3 and 4 of this MOU. ARTICLE 33 PERSONAL LEAVE Section 1 Full -Time Employees Ongoing regular full-time employees who have previously completed their probationary period and that are covered under the provisions of this MOU shall receive twenty (20) hours of Personal Leave hours to be credited on July 1st of each year. Newly hired full-time employees who have not yet completed their probationary period, will receive a pro -rated portion of the twenty (20) hours upon successful completion of their probationary period, based on the time remaining for the fiscal year in which the employee has completed his/her probationary period. Temporary employees appointed into a full-time position will also receive a pro -rated portion of the twenty (20) hours, based on the time remaining for the fiscal year in which the employee was appointed into the position. Temporary employees may not use Personal Leave hours unless they have been appointed to a 2nd temporary appointment of an additional six (6) months. Personal Leave hours may be taken at the full-time employee's choosing subject to operational and scheduling factors and must be pre -approved by the employee's supervisor by way of a "Request for Time Off" form. Any remaining or unused carryover Personal Leave hours not utilized by the employee will be lost and will not be paid for by the City. For carryover and cashout restrictions pertaining to Personal Leave hours, refer to Article 35, Sections 3 and 4 of this MOU. Section 2 CaIPERS Eligible Part-Time/Hourly Employees CaIPERS eligible part-time/Hourly employee(s) shall receive seven (7) hours of Personal Leave hours each calendar year to be credited July 15t of each year. Personal Leave hours may be taken by the CaIPERS eligible part-time/hourly employee's choosing subject to operational and scheduling factors and must be pre -approved by the employee's supervisor by way of a "Request for Time Off" form. Any remaining or unused carryover Personal Leave hours not utilized by the employee will be lost and will not be paid for by the City. For carryover and cashout restrictions pertaining to Personal Leave hours, refer to Article 36, Sections 3 and 4 of this MOU. -30- 432 ARTICLE 34 ANNUAL VACATION LEAVE The purpose of annual vacation leave is to enable employee annually to return to his/her work mentally refreshed. All full-time employees in the classified service shall be entitled to annual vacation leave with pay. Full-time employees not eligible for vacation leave with pay are: Employees still serving their original probationary period in the service of the City; however, vacation credits for the time shall be granted to such employee who later received a permanent appointment. All eligible full-time employees in the first through seventh year of continuous service shall earn vacation credit at the rate of fourteen (14) calendar days (10 work days) per year. Beginning with the eighth (8th) year and through the fourteenth (14th) year of continuous service employees shall earn vacation credit at the rate of twenty-one (21) calendar days (15 work days) per year. Beginning with the fifteenth (15th) year of continuous service and thereafter employees shall earn vacation credit at the rate of twenty-eight (28) calendar days (20 work days) per year. Each eligible full-time employee shall be required to have served the equivalent of one year of continuous service in the City in order to be eligible for their full annual vacation leave; provided, however, that after six (6) months of continuous service, they may be permitted to take vacation leave not to exceed seven (7) calendar days. In no event, however, will paid vacation be granted in excess of earned vacation credits. Vacation leave must be approved in advance by the department head and the employee will need to complete a "Request For Time Off" form. The times during a calendar year at which an employee may take his vacation shall be determined by the department head with due regard to the wishes of the employees and particular regard for the needs of the service. In the event one or more municipal holidays fall within an annual vacation leave, then such holidays shall not be charged as vacation leave, and the vacation leave shall be extended accordingly. Employees who successfully complete probation and who terminate employment shall be paid in a lump sum for all earned vacation leave prior to the effective date of separation. Temporary Employees: A person appointed into a full-time, temporary position, will accrue vacation time in accordance with Article 36, Section 1 of this MOU. However, the temporary employee may not utilize their vacation leave throughout the duration of their temporary appointment during the initial appointment period of six (6) months. If the temporary employee is appointed for a 2nd term for an additional six (6) months, the -31- 433 temporary employee may utilize the vacation hours accrued during his/her 1st initial appointment. If the temporary employee is appointed into the position in which he/she is temporarily filling on a permanent basis, the employee's vacation accurals will carryover accordingly and may be utilized at the time of his/her appointment into permanent status. If the temporary employee is not appointed to a 2nd term, the employee will receive 100% of the remaining vacation hours upon separation. lithe temporary employee is appointed to a 2nd term and has any remaining vacation hours upon the end of his/her appointment, the employee will receive 100% of the remaining vacation hours upon separation. CaIPERS Eligible Part -Time Employees: Effective January 1, 1992, all hourly employees who have attained CaIPERS eligibility shall receive two (2) seven (7) hour paid vacation days each calendar year. All Other Part -Time Employees: Except for those hourly employees identified above as receiving vacation, employees who work on an intermittent or seasonal basis and all other hourly employees are ineligible for vacation leave. Effective July 1, 2017, the Union agrees to decrease the maximum vacation hour accrual from six hundred forty (640) hours to a maximum of five -hundred and fifty (550) hours. Vacation leave is accrued as earned and the amount of vacation leave accumulated shall not exceed the maximum. Accrual shall stop whenever the employee is at the maximum. For those employees who still have a secondary vacation account must utilize their secondary account vacation balance in full prior to utilizing any primary vacation account leave. For cashout restrictions pertaining to Vacation hours, refer to Article 35, Section 4 of this MOU. ARTICLE 35 LEAVE BENEFIT ACCRUAL RATES, CARRYOVER AND CASHOUT PROVISIONS Section 1 Full -Time Employee Leave Benefit Accrual Rates Vacation: Years of Service 1-7 Eighty (80) Hours/Year (80 Hours/26 Pay Periods) = 3.08 Hours/Pay Period; may carryover from one year to the next; any remaining balance will be paid at 100% upon employee's separation from the City; refer to Section 4 within this article for cashout restrictions. -32- 434 Years of Service 8-14 One -Hundred -Twenty Hours/Year (120 Hours/26 Pay Periods) = 4.62 Hours/Pay Period; may carryover from one year to the next; any remaining balance will be paid at 100% upon employee's separation from the City; refer to Section 4 within this article for cashout restrictions. Years of Service 15+ One -Hundred -Sixty Hours/Year (160 Hours/26 Pay Periods) = 6.15 Hours/Pay Period; may carryover from one year to the next; any remaining balance will be paid at 100% upon employee's separation from the City; refer to Section 4 within this article for cashout restrictions. Sick: Years of Service N/A Ninety -Six Hours/Year (96 Hours/26 Pay Periods) = 3.69 Hours/Pay Period; may carryover from one year to the next; any remaining balance shall be unpaid upon employee's separation from the City unless employee has at least ten (10) years of service (refer to Article 26 —Sick Leave Policy, Section 5 for details) Floating Holiday: Years of Service N/A 4/10 Scheduled Employees — Forty (40) Floating Holiday Hours to be credited on July 1St each year; refer to Article 35, Sections 3 and 4 for carryover and cashout restrictions; any remaining balance upon separation from the City shall be unpaid 5/8 Scheduled Employees — Thirty-two (32) Floating Holiday Hours to be credited on July 1St each year; refer to Article 35, Sections 3 and 4 for carryover and cashout restrictions; any remaining balance upon separation from the City shall be unpaid Personal Leave: Years of Service N/A Twenty (20) Hours/Year to be credited to employee's leave bank on July 1st each year for both 4/10 and 5/8 scheduled employees; refer to Article 35, Sections 3 and 4 for carryover and cashout restrictions; any remaining balance upon separation from the City shall be unpaid Section 2 CaIPERS Eligible and Regular Part-Time/Hourly Leave Benefit Accrual Rates Vacation (Upon becoming CaIPERS Eligible Only): -33- 435 CaIPERS eligible part-time/hourly employees shall receive fourteen (14) Vacation hours/year to be credited to employee's leave bank on July 1st of each year; Vacation hours may carryover from one year to the next; any remaining balance will be paid at 100% upon employee's separation from the City Sick (All Part-Time/Hourly Employees): In accordance with California Sick Leave Law, all part-time/hourly employees are eligible to receive one (1) hour of sick leave per (30) hours worked; Sick hours may carryover from one year to the next; any remaining balance shall be unpaid upon employee's separation from the City; please refer to City's "Paid Sick Leave for Part -Time, Temporary & Seasonal Employees" policy for further details. Floating Holiday: All part-time/hourly employees are not eligible for Floating Holiday hours unless subject to the provision in Article 32, Sections 2 and 3. In the event that a part-time/hourly employee receives Floating Holiday hours under Article 32, Section 2 and 3, the following shall apply; Floating Holiday hours will be credited the following pay period in which the hours were earned; Carryover of any Floating Holiday hours will be subject to restrictions found in Article 35, Section 3; any remaining balance upon separation from the City shall be unpaid Personal Leave (Upon Becoming CaIPERS Eligible Only): CaIPERS eligible part-time/hourly employees shall receive seven (7) Personal Leave hours/year to be credited to employee's leave bank on July 1st of each year; Any remaining or unused carryover Personal Leave hours not utilized by the employee will be lost and will not be paid for by the City. For carryover and cashout restrictions pertaining to Personal Leave hours, refer to Sections 3 and 4 within this Article below. Section 3. Carryover of Leave Hours The intent of this provision is to allow Unit employees to carryover a combined number of unused Floating Holiday and/or Personal Leave hours, as provided for in Article 32 and 33. Upon ratification of this MOU, and each June 30th thereafter, employees shall be allowed to carryover up to fifty (50) hours of combined unused Floating Holiday and/or Personal Leave hours credited during that fiscal year, into the next fiscal year for a maximum of six (6) months. Any hours carried over that remain unused as of December 31st of that calendar year, shall be lost. Example: On June 30, 2024, an employee has 40 hours of unused Floating Holiday, and 20 hours of unused -34- 436 Personal Leave that were credited in FY 2023-24 (total of 60 hours). The employee may carryover up to 50 of those hours into FY 2024-25 (e.g., 40 hours of Floating Holiday + 10 hours of Personal Leave), which must then be used by December 31, 2024 or they shall be lost. It is agreed that the carrying over of hours from one fiscal year, shall not impact the employee's credit of Floating Holiday, Personal Leave and Executive Leave hours for the new fiscal year. Section 4. Cashout of Compensatory, Floating Holiday, Personal, Vacation Leave Hours Upon ratification of this MOU, the City will allow for a cash out of up to 200 accrued leave hours per fiscal year. Such accrued leave hours will include Compensatory, Floating Holiday, Personal, Vacation, or any combination of the aforementioned hours not to exceed a total of 200 hours each fiscal year. Such cash outs will be allowed during the final pay periods of the months of June and December. No Financial Hardship requests will be considered for an additional cashout. Payment shall be made in the following manner: • Payment will be made annually at the employee's current hourly rate of pay; • Payment request shall be submitted to the City's Director of Human Resources or his/her designee no later than June 1st or December 1st in order to be considered for payment during the month requested; • Payment will be made by the 2nd pay period of the month or months of June and December for which the request was received ARTICLE 36 RETIREMENT POLICY Section 1- Retiree Health Insurance The City amended its contract with CaIPERS to provide credit for unused sick leave effective August 1, 1992. For employees hired on and after January 1, 2009, the City shall fund retiree medical premiums in an amount equal to the City's statutory minimum contribution to PEMHCA. Eligibility for said retiree medical premiums shall be subject to applicable City adopted resolution(s) governing eligibility for retiree medical payments. Employees hired after January 1, 2011, are not be eligible for City paid health, dental, vision or life insurance coverage upon retirement. For employees hired prior to January 1, 2009, City funded retiree medical premiums shall be governed by pre-existing practices. The substance of the pre-existing practice shall be articulated in writing by the parties not later than sixty (60) calendar days after City Council adoption of this MOU. -35- 437 Section 2 - CaIPERS Retirement Formula Tiers 3%@60 Tier: For employees hired prior to January 1, 2013, and for those employees hired after that date but determined by the California Public Employees Retirement System ("CaIPERS") to be "classic members" as defined by CaIPERS, the City will continue to provide employees a pension through the CaIPERS system commonly known as the "3% @60" formula. Employees hired prior to January 1, 2013 and classic members shall continue to pay up to eight - percent (8%) for any CaIPERS member contribution under the 3% @ 60 formula, unless directed to pay a higher percentage by law or a mandate directly from CaIPERS. 2.7%@55 Tier: Within 60 days of adoption of this MOU by the City Council, the City shall consult with CaIPERS as to the feasibility of implementing the 2.7% @ 55 formula for any "classic" CaIPERS members hired into City service on or after November 7, 2023. If CaIPERS determines that this is permissible, then the City shall amend its contract with CaIPERS as soon as practicable to implement the change. Once implemented, "classic" CaIPERS members hired into City service on or after July 1, 2023 shall be responsible for paying 100% of the member contribution. Should CaIPERS determine that it is not permissible to implement 2.7%@55 in the manner described above, then the retirement formula for all "classic" CaIPERS members shall remain 3%@60. Any written determinations from CaIPERS as to the feasibility of implementing a new 2.7%@55 tier, shall be shared with the Unit, and reviewed jointly by the parties. PEPRA 2%@62 Tier: For all new employees that are non -classic members (i.e. new to the CaIPERS system), the City will provide a pension through CaIPERS using the "2%@62" formula, pursuant to the California Public Employees' Pension Reform Act of 2012 ("PEPRA"). New, non -classic members shall pay 100% of any CaIPERS member contribution under the 2%@62 formula pursuant to PEPRA. Section 3 — Calculating Retirement Compensation Retirement compensation continues to be computed on the employee's one (1) year's highest earnings. Retirement compensation for non -classic members shall be computed based on the average of -36- 438 the employee's three (3) highest years' earnings, pursuant to PEPRA. Section 4 —1959 Survivor Benefits Pursuant to the City's 2003 contract amendment with CaIPERS, the 1959 Survivor Benefit shall remain at Level 4. ARTICLE 37 GRIEVANCE AND DISCIPLINARY APPEAL PROCEDURE A "Grievance" shall be defined as a controversy between the City and the Union or an employee or employees covered herein. The provisions of this Article do not apply to probationary or part- time employees. A controversy as defined in this Article must pertain to any of the following: (I) Any matter relating to working conditions, (2) Any matter involving the interpretation or application of any provision of this memorandum, or (3) Any matter involving the violation of any provision or intent of this memorandum except any articles and provisions which state that they are not subject to this Article. An appeal of a disciplinary action, including suspension, discharge for cause, demotion or disciplinary reduction in pay, shall initially be submitted at Step 3, and contain a succinct written statement of the basis of appeal, within ten (10) working days of the imposition of discipline. All written responses to a disciplinary appeal will specify reasons for the decision and inform the employee of the appeal procedure and applicability of Section 1094.6 of the Code of Civil Procedure limiting the time within which legal actions must be commenced. There shall be an earnest effort on the part of both parties to settle grievances promptly through the steps listed below. The employee may request the assistance of a representative of his own choosing in preparing and presenting a grievance. Either party to the grievance may invite persons with relevant information to be present. For purposes of this procedure "working days" refers to Monday through Thursday, 7:00 AM to 6:00 PM and excludes weekends and holidays. Step 1: An employee's grievance must be orally discussed with the first line supervisor immediately in charge of the aggrieved employee within ten (10) working days after the event giving rise to the grievance, or ten (10) working days after the date that he/she should have been reasonably expected to have had knowledge of the grievance. The supervisor will schedule a meeting with the employee and their representative within ten (10) working days of presentation of the grievance. The supervisor will then give his/her answer to the employee by the end of the tenth (10th) working day following the meeting and the giving of such answer will terminate Step 1. Step 2: If the grievance is not settled in Step 1 and the employee wishes to pursue it further, the grievance will be reduced to writing by the employee, fully stating the facts surrounding the grievance and/or detailing the specific provisions of this memorandum alleged to have been violated, signed and dated by the employee and presented to the department head, or in his -37- 439 absence, his designee within ten (10) working days after termination of Step 1. Written discrimination allegations must contain a description of the purported discriminatory action and the specific basis which is defined by Federal or State law (if any). A meeting between the employee and his department head or, in the department head's absence, his designee may be arranged at a mutually agreeable location and time to review and discuss the grievance. A meeting will take place within ten (10) working days from the date the grievance is received by the department head or, in his absence, his designee. The department head or, in his absence, his designee will give a written reply by the end of the fifth (5th) work day following the date of the meeting and giving of such reply will terminate Step 2. Step 3: If the grievance is not settled at Step 2, the employee may move the grievance to Step 3 by serving written notice upon the City Manager within ten (10) working days after receipt of the reply in Step 2, or within ten (10) working days after the reply was due, requesting a meeting. Said meeting shall be scheduled within ten (10) working days after receipt of such request. The City Manager or, in his absence, his designee shall provide the employee with a written disposition of the grievance within ten (10) working days after the meeting. Step 4: In the cases of an employee's suspension, demotion or termination, if the grievance was not settled at Step 3, an employee may file a written request for appeal to the Personnel Board (with the Department of Human Resources) within ten (10) working days after receipt of the reply in Step 3. With respect to appeals of a suspension, demotion or dismissal to the Personnel Board, the Human Resources Department will place on the next available agenda of the Personnel Board, an item requiring that the Personnel Board vote to either have the appeal heard by a Hearing Officer to render an advisory decision for consideration by the Board or have the Board hear the appeal itself. If a motion fails to pass due to a lack of majority vote, the appeal will be heard by a Hearing Officer. Should the Personnel Board decide to have the matter heard by a Hearing officer, the HR Department will contact the California State Mediation and Conciliation Service (SMCS) to request a list of five (5) Hearing Officers who have experience in conducting local government disciplinary appeals. -38- 440 The City and the Union will flip a coin to decide who goes first, and then each side will alternate striking names from the list of five (5) hearing officers, until the final name on the list is the selected Hearing Officer. The parties shall equally share the fees and costs of the Hearing Officer (this supersedes the Side Letter between the City of Lynwood and Lynwood Employees' Association AFSCME Local 1920 entered into May 2019). In the event that the proceedings are transcribed, each party shall individually bear the fees and costs associated with a request to order a transcript of the hearing. Each party shall fully bear their own costs of representation in the appeal proceedings. Upon conclusion of the hearing, the Hearing Officer shall issue an advisory decision with factual findings and recommendations. The Personnel Board shall review the advisory decision for adoption, rejection, or modification. The Personnel Board's decision shall be final and binding. Upon conclusion of any investigation or hearing, the Personnel Board shall, within ten (10) working days, notify the Human Resources Department in writing of its findings and recommendations. A copy of such findings shall be transmitted to the affected employee. No employee shall use City time, staff or materials in the pursuit of a grievance or in response to a proposed or effected disciplinary action, unless he/she has obtained specific authorization to do so. A grievance or other appeal which is not brought or brought forward within the time limit provided within each of the sections of this article shall be deemed to have been waived and settled, unless such time limit is expressly extended by mutual agreement. Time limits are set forth above and may be extended by a mutual agreement between the parties, but neither party shall be required to do so. Any letter of reprimand that is not included as part of a current progressive discipline matter will be removed from the file of an employee after twelve (12) months, upon written request from that employee to the Human Resources Department. ARTICLE 38 LAYOFF The City agrees not to lay off any full-time regular employee through July 1, 2019, provided that the General Fund Revenue does not fall more than 2% below the 2017-2018 Fiscal Year estimate. However, in the event the General Fund Revenue falls 2% or more below the 2017-2018 Fiscal Year estimate, the City may separate any employee or class of positions without prejudice, because of the financial or economic condition of the City, reduction of work or the necessity for the position or employment no longer exists. The City shall give such employee not less than -39- 441 thirty (30) days advance notice of separation and the reason therefore. However, no permanent full-time employee shall be separated while emergency, seasonal, probationary, part-time, temporary are employed into the same positions according to the needs of the service as determined by the City. The conditions for layoff shall be as follows: 1) PROMOTIONAL EXAMINATIONS - For purposes of layoff, all promotional opportunities will be conducted prior to layoffs proceeding; 2) ORDER OF SEPARATION - The principal criterion used in determining the order of separation and bumping right shall be seniority based on the total years of continuous full- time service and any prior part-time service as calculated on a pro -rata basis with the City provided the employee presently possesses the skill, ability and qualifications to perform the job. Layoffs shall be in the reverse order as hired. That is, the employee in the affected job class with the least total City service shall be laid off first. Whenever seniority is equal, the following criteria shall be applied in the indicated order: A) Ranking on eligibility list; B) Performance Evaluations; C) Drawing of lots 3) BUMPING RIGHTS - Any full-time employee who has been given notice of lay off may displace another employee in the same job class with less seniority in the same job class, or bump to another class in which they formerly held a permanent appointment and there is an employee with less seniority. It is understood that an employee seeking to bump into a lower class shall first occupy any vacant position before displacing an existing employee. After the City has notified the affected employee of the layoff and the position available to the employee, if any, to bump, he/she must notify the Personnel Officer of his/her intent to exercise the bumping rights within ten (10) calendar days of the position in the City which they intend to bump, or the bumping rights shall be barred and waived to the employee. The employee with the least seniority shall be displaced by the person who is laid off. The employee displaced shall be considered as laid off for the same reason as the person who displaced him/her and shall in the same manner be eligible to bump to a position within the City in which he/she formally held a permanent position. 4) APPOINTMENT OF LAID -OFF EMPLOYEES TO LOWER CLASS Any employee in a -40- 442 represented job class who is scheduled to be laid off due to lack of work, lack of funds of elimination of position, may not later than ten (10) calendar days after notice of layoff, request to displace ("bump") an employee in a lower job class within the job series provided the laid off employee has greater overall City service seniority than the employee in the lower job class and is qualified by education and/or experience for such a position. If there is more than one employee who is qualified for such appointment(s), the "Bump" shall be based on seniority with the employee with the highest seniority offered the position first, then the next highest, etc. The City Manager shall approve the appointment of an employee who is to be laid off to a lower class which the employee is qualified without requiring an examination within the job series. An employee who has not previously served in the lower class may be required to successfully complete the probationary period for the class. If the employee(s) have the same seniority, then the procedure for breaking ties set forth in this article shall apply. The employee displaced as a result of being "bumped" shall be considered as laid off for the same reasons as the person originally displaced and the same displacement rights shall be afforded. 5) SALARY PLACEMENT - An employee(s) who accepts an appointment to lower job class as a result of a layoff and/or a displacement ("bump") shall be placed at the step of the salary range which most closely corresponds to, but in no case exceeds, the salary step of the previously held position. 6) IN ACCORDANCE WITH PERSONNEL RULES AND REGULATIONS RULE VIII SECTION 3.- The names of probationary and permanent employees who have been laid off shall be placed on appropriate re-employment lists in order of their seniority. Such names shall remain thereon for a period of one year unless such persons are sooner re-employed. When a re-employment list is to be used to fill vacancies, the Personnel Board shall certify from the top of such list the number of names equal to the number of vacancies to be filled, and the appointing authority shall appoint such persons to fill the vacancies. Such person shall first be subject to a new physical examination and criminal history check, if legally permissible, to determine if employee is able to perform the duties of the job or employment. The names of any laid off employee appearing on an employment or promotional list shall be removed by the Personnel Officer if that laid off employee requests in writing that his/her name be removed, or if he/she fails to respond to a notice of certification mailed to his/her last known address. -41- 443 ARTICLE 39 REINSTATEMENT Full-time employees who have separated from the City in good standing with the organization may be reinstated within six (6) months from the effective date of resignation to their previous classification, if the vacancy still exists upon request for reinstatement. Furthermore, the reinstated employee will return to his/her previous status (at the time of his/her resignation) with respect to the following provisions of the MOU: • Seniority; • Longevity pay (if applicable); • City contributions toward their benefits; • Leave accrual rates; • Any special and/or incentive pays (e.g. Certification or Bilingual Pays) With respect to retiree health benefits, such benefits may be restored if the employee is reinstated within four (4) months upon originally separating from the organization, per CaIPERS rules and regulations. lithe employee is reinstated AFTER the four (4) months have elapsed, the employee is no longer entitled to health retiree benefits. This article does not apply to employees who have been laid -off in accordance with Article 38 of this MOU. Rather, this Article applies to those employees who have voluntarily separated from the City in good standing and wish to return to their previous position with the City prior to separating, assuming their previous position is still vacant. ARTICLE 40 FULL FAITH AND CREDIT CLAUSE For purposes of administering the terms and provisions of the various ordinances, resolutions, rules and regulations which may be adopted by the City pursuant to this MOU, all matters resolved in memoranda of understanding for prior years, all resolutions of the City Council, and all existing matters resolved regarding wages, hours, fringe benefits and conditions of employment prior to Myers-Milias-Brown Act of 1968, will remain unchanged and unaltered except where expressly changed or altered in this MOU. ARTICLE 41 SAVINGS CLAUSE Any resolution of the City incorporating any provisions of this MOU or of such resolution of any kind is at any time or in any way held to be contrary to any law by any court of proper jurisdiction, -42- 444 the remainder of this MOU and the remainder of such resolution shall not be affected thereby and shall remain in full force and effect. ARTICLE 42 PROMOTIONAL OPPORTUNITIES The City shall establish all promotional lists for two (2) years and all open lists for (1) one year. Effective July 30, 2017, the City will promote up to ten (10) Part -Time positions to Full -Time positions. The City will provide a list of new Full -Time employees to the Union by December 1, 2017. Additionally, by December 31, 2017, the City shall conduct an analysis of all outside contracts and the City's use of consultants. ARTICLE 43 RENEGOTIATION The City shall use reasonable efforts to inform the Union of the proposed annual budget before bringing it before the City Council. The City and Union may agree to meet on an as -needed basis to improve communications and address mutual concerns. ARTICLE 44 TERM This MOU shall cover all Unit members for the period from July 1, 2023 through June 30, 2027. In accordance with Government Code Section 3505.1, the parties have jointly prepared and executed this MOU, which shall not be binding, and present it to the City of Lynwood City Council for determination and recommended adoption. -43- 445 In accordance with Government Code Section 3505.1, the parties have jointly prepared and executed this MOU, which shall not be binding, and present it to the City of Lynwood City Council for determination and recommended adoption. For the City of Lynwood: For the Lynwood Employees' Association/AFSCME Local 1920, AFL-CIO: BY BY City Manager President Dated: Dated: BY Director of HR and Risk Management Dated: BY City Attorney Dated: BY Vice -President Dated: BY AFSCME Council 36 Representative Dated: -44- 446 EXHIBIT "A" LIST OF REPRESENTED LEA/AFSCME 1920 POSITIONS Account Clerk Accounting Technician Administrative Aide Administrative Analyst I Administrative Assistant* Building Inspector Building Maintenance Worker Business License Specialist Code Enforcement Officer Custodian Electrical Maintenance Worker Executive Assistant Executive Assistant to the City Clerk* Executive Assistant to the Redevelopment Agency Information System Technician Laborer Maintenance Worker Media Specialist Office Assistant I Office Assistant II Office Assistant II (City Manager's Office)* Office Assistant I I I Park Maintenance Lead Worker Parking Control Officer Payroll Specialist* Permit Technician Planning Assistant Public Works Assistant Public Works Inspector Public Works Technician Recreation Coordinator Redevelopment Assistant Right of Way Maintenance Lead Worker Senior Administrative Assistant Senior Housing Rehabilitation Specialist Senior Public Works Inspector Senior Street Maintenance Worker Senior Wastewater Service Worker Street Maintenance Lead Worker Street Maintenance Worker System Analyst -45- 447 Utility Inspector Utility Worker Water Quality Specialist Wastewater Service Worker Lead Wastewater Service Worker Wastewater Service Worker II Wastewater Service Worker I I I Water Compliance Specialist Part Time Classifications Administrative Intern Code Enforcement Officer Customer Service Intern General Office Worker Graphic Arts Intern I Graphic Arts Intern II Information Systems Technician Laborer Lifeguard Maintenance Worker Office Assistant II Parking Control Officer Recreation Leader I -III Senior Lifeguard * = Confidential -46- 448 EXHIBIT B SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES ASSOCIATION/AFSCME LOCAL 1920 (Reclassifications, Salary and Hourly Wage Adjustments for Identified Full -Time and Part -Time Positions) Whereas, the City of Lynwood ("City") and the Lynwood Employees Association/AFSCME Local 1920 ("LEA") are parties to a Comprehensive Memorandum of Understanding ("MOU") which was adopted by resolution on November 7, 2023, retroactive to July 1, 2023; and Whereas, the City and LEA have held several negotiations meetings in good faith dating back to April of 2023 and reached tentative agreement on a variety of matters concerning the MOU including the terms and conditions of employment in addition to the reclassification, salary and hourly wage adjustments to some of the bargaining unit's full-time and part-time employees; and Whereas, the City and LEA came to agreement that the negotiated reclassifications, salary and hourly wage adjustments be addressed in the form of this side letter agreement; and Whereas, the City and LEA came to an agreement on the reclassification of the City's two (2) full- time Administrative Assistants (currently assigned to the City Manager's Office) to the Senior Administrative Assistant classification (pending job classification specification approval from the Personnel Board) that depicts their current essential duties and functions; and Whereas, the City and LEA came to an agreement on a salary range adjustment for the Lead Custodian classification during negotiations; and Whereas, the City and LEA came to an agreement for an hourly wage adjustment for the part- time Public Safety Officer, Maintenance Worker, Senior Lifeguard, Lifeguard, Recreation Leader I -III, Office Assistant II, Laborer (both Public Works and Recreation Facilities) and Administrative Intern classifications based on the City's salary survey; and Whereas, the City and LEA came to an agreement on those employees currently classified as a part-time Locker Room Attendant be reclassified into the part-time Recreation Leader I classification; and Whereas, the City and LEA came to an agreement on those employees currently classified as a part-time Recreation Leader be reclassified into the part-time Recreation Leader II classification; and 449 Whereas, the City and LEA came to an agreement on those employees currently classified as a part-time Cashier be reclassified into the part-time Recreation Leader II classification; and Whereas, the City and LEA came to an agreement on those employees currently classified as a part-time Recreation Specialist be reclassified into the part-time Recreation Leader II I classification Now, therefore, having met and conferred in good faith, the City and LEA agree to modify the status quo terms of the LEA MOU as follows: The City's two (2) full-time Administrative Assistants currently assigned to the City Manager's Office shall be reclassified to the Senior Administrative Assistant classification immediately after the approval of the job classification specification by the City's Personnel Board; and The full-time Lead Custodian classification salary range shall be adjusted from the "G-34" to the "G-37" salary range; and The part-time Public Safety Officer, Maintenance Worker, Senior Lifeguard, Lifeguard, Recreation Leader I -III, Office Assistant II, Laborer (both Public Works and Recreation Facilities) and Administrative Intern hourly ranges be adjusted to the negotiated hourly wage ranges, based on the City's salary survey that was provided to the LEA during the negotiations process; and Those employees currently classified as a part-time Locker Room Attendant be reclassified into the part-time Recreation Leader I classification; and Those employees currently classified as a part-time Recreation Leader be reclassified into the part-time Recreation Leader II classification; and Those employees currently classified as a part-time Cashier be reclassified into the part-time Recreation Leader II classification; and Those employees currently classified as a part-time Recreation Specialist be reclassified into the part-time Recreation Leader I I I classification 450 City of Lynwood BY LEA Group BY City Manager President Dated: Dated: BY BY Director of Human Resources & Risk Management Vice -President Dated: Dated: BY BY City Attorney LEA Representative Dated: Dated: 451 EXHIBIT C SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES ASSOCIATION/AFSCME LOCAL 1920 (Amendment of City's Personnel Rules and Regulations, Rule I, Section 17, Pertaining to the Definition of a "Promotional Examination") Whereas, the City and LEA have held several negotiations meetings in good faith dating back to April of 2023 and reached tentative agreement on a variety of matters concerning the MOU and the City's Personnel Rules and Regulations; and Whereas, the City and LEA came to agreement to amend the City's Personnel Rules and Regulations, more specifically Rule 1, Section 17, as it relates to the definition of a "Promotional Examination" which excludes regular part-time employees from applying for a promotional recruitment opportunity with the City; and Whereas, both the City and LEA are in agreement that it is in the best interests of the City and its employees/LEA members to allow part-time employees an opportunity to apply for promotional recruitments within the City, so long as the minimum requirements for which the position is being applied for are met; and Whereas, per Rule 11, Section 4 of the City's Personnel Rules and Regulations, any "recommendation for amendment of these rules shall be made by the Personnel Officer...amendments and revisions shall become effective upon adoption by the Council." Now, therefore, having met and conferred in good faith, the City and LEA agree to modify the status quo terms of the City's Personnel Rules and Regulations as follows: The definition under Rule 1, Section 17, of the City's Personnel Rules and Regulations for "Promotional Examination" shall be amended to include ALL hourly/part-time employees, allowing for such employees the ability to apply for any future promotional recruitments within the City, so long as the minimum requirements for which the position is being applied for are met. 452 City of Lynwood LEA Group BY BY City Manager President Dated: Dated: BY BY Director of Human Resources & Risk Management Vice -President Dated: Dated: BY BY City's Labor Attorney Dated: LEA Representative Dated: 453 EXHIBIT D SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION/AFSMCE LOCAL 1920 (LEA) (Retiree Health Benefits for Anna Limon and Annette Carrillo) Whereas, the City and LEA have held several negotiations meetings in good faith dating back to April of 2023 and reached tentative agreement on a variety of matters concerning the Memorandum of Understanding (MOU); and Whereas, the City and LEA had discussions specific to the retiree health benefits concerning two City employees, Anna Limon and Annette Carrillo, who were laid off as a result of the COVID-19 pandemic, and brought back as part-time CaIPERS eligible employees; and Whereas, the LEA proposed to enter into a side letter agreement concerning the aforementioned employees to ensure their respective retirement benefits under the MOU, Article 37 — "Retirement Policy" were not affected by the layoff, should they retire from the City; and Whereas, the City agreed to enter into a side letter agreement ensuring both of the aforementioned employees receive their retirement benefits under the MOU, specific to Article 37 — "Retirement Policy", should they retire from the City and barring any CaIPERS regulations or restrictions prohibiting such an agreement. Now, therefore, having met and conferred in good faith, the City and LEA agree to modify the status quo terms of the City's Memorandum of Understanding as follows: Upon execution of this side letter agreement, the City agrees to afford Anna Limon and Annette Carrillo their respective retirement benefits as indicated in the Memorandum of Understanding under Article 37 — "Retirement Policy", should they retire from the City, barring any CaIPERS regulations or restrictions prohibiting such an agreement. 454 City: Lynwood Employee Association: By: By: City Manager LEA, President Dated: November , 2023 Dated: November , 2023 By: By: Director of HR/Risk Management LEA, Vice President Dated: November , 2023 Dated: November , 2023 By: By: City Attorney LEA, Secretary Dated: November , 2023 Dated: November , 2023 By: LEA, Treasurer Dated: November , 2023 455 RESOLUTION NO. [XX] A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENTS BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICPAL EMPLOYEES (AFSCME), LOCAL 1920, FOR FISCAL YEARS 2023 — 2027 WHEREAS, the City of Lynwood ("City") has fulfilled its meet and confer obligations as required by the Meyers-Milias-Brown Act; and WHEREAS, the negotiations have resulted in an agreement with the City of Lynwood and The Lynwood Employees' Association ("LEA")/American Federation of State, County and Municipal Employees (AFSCME), Local 1920 attached in Exhibits A, B, C and D; and WHEREAS, it is in the best interest of the City to adopt the agreements as proposed; and WHEREAS, funds have been allocated from both the City's general fund and American Rescue Plan Act (ARPA) unrestricted fund, and will be appropriated in each of the fiscal year budgets for the duration of the agreements. THEREFORE, BE IT RESOLVED by the City Council of the City: SECTION 1. That the City Council of the City of Lynwood does hereby approve the Memorandum of Understanding (MOU) and Side Letter Agreements (Exhibits A -D), which shall be executed by designated representatives from the City of Lynwood and the LEA/AFSCME, Local 1920, upon adoption of this resolution by the City Council. SECTION 2. That the City Manager, Director of Human Resources and City Attorney are directed to execute and implement the MOU and Side Letter Agreements in accordance with the provisions of this resolution. SECTION 3. That this Resolution, MOU and Side Letter Agreements referenced herein supersede any provisions of previously adopted City policies that conflict with the provisions of this MOU. SECTION 4. That the City Council will be presented with a subsequent Resolution following the approval of this Resolution to update the City's "Salary Schedule" to reflect the salary and compensation changes agreed upon in the attached agreements in Exhibits A, B, C and D. 456 PASSED, APPROVED and ADOPTED this 7th day of November, 2023 Oscar Flores MAYOR ATTEST: Maria Quinonez CITY CLERK APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia Patrick Matson CITY ATTORNEY DIR. OF HUMAN RESOURCES 457 Agenda Item # 10.13. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Patrick Matson, Director of Human Resources and Risk Management SUBJECT: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) FOR FISCAL YEARS 2023 — 2027 Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) FOR FISCAL YEARS 2023 — 2027" Background: The City of Lynwood currently has two bargaining units of which the LEMG represents the City's full-time management employees. The proposed MOU and Side Letter Agreement are for the LEMG bargaining unit who represent the City's management employees. The previous MOU between the City and LEMG expired at the end of June earlier this year. Discussion and Analysis: City Council City Council Regular Meeting 458 Since June of this year, the City has been negotiating with the LEMG for a new contract addressing various provisions in the MOU and has reached a tentative agreement. Since reaching tentative agreement, the LEMG has met with its members and voted to approve the terms of MOU and Side Letter Agreement. The proposed MOU and Side Letter Agreement must be approved by the City Council by way of resolution in order to implement the provisions of the proposed MOU retroactive to July 1st of this year, expiring on June 30, 2027. Highlighted below are a few of the main economic related issues that were tentatively agreed to as part of the proposed MOU: • Duration or term of Memorandum of Understanding — July 1, 2023 thru June 30, 2027 • Cost of Living Adjustments (COLA's): o Year 1 — 4% o Year2-4% • Year3-4% o Year4-4% • Non-PERSable bonuses: o Year 1 — 5% o Year2-3% o Year 3 — None • Year 4 — None • "Me Too" clause for economic related items such as cost -of -living adjustments and Non- PERSable bonuses; • "Re -opener" clause to review City's financial revenue for potential Non-PERSable bonus in Year 3 of the MOU; • New PERS "classic" retirement formula (2.7% @ 55) for new employees who are considered "classic" members under PERS (currently 3% @ 60); • City health insurance contributions capped in 2027 Other items of interest that were tentatively agreed to include: • Addition of language on usage, carryover, cashout, and crediting of Executive, Floating Holiday and Personal Leave hours; • Addition of "Juneteenth" to list of City observed holidays; City Council City Council Regular Meeting 459 • Addition of a one-time, annual wellness contribution; • Addition of a one-time, annual deferred compensation contribution; • Updated language, where applicable within the MOU, in accordance to any Federal and/or State employment related laws Furthermore, various provisions throughout the MOU were updated, revised, streamlined contract language, to provide transparency and clarity where deemed necessary. Side Letter Agreements: With respect to the proposed Side Letter Agreement, the City and LEMG came to a tentative agreement to reinstate the current Recreation Facility and Program Supervisor back into her former position/classification as a Recreation Superintendent 11, effective January 1, 2024. This personnel action will be subject to further evaluation of the Recreation Superintendent 11 classification and any potential update(s) to the job specification upon completion of the job evaluation process. If approved by the City Council, a subsequent resolution will be presented to the City Council amending and updating the current salary schedule to reflect the salary and compensation changes agreed to during negotiations. Fiscal Impact: The estimated costs for the proposed MOU and Side Letter Agreement with LEMG is approximately $1.2-$1.3 million dollars, with a potential increase in year 3 of the contract if an agreement is reached for an additional Non-PERSable bonus, upon review of the City's financial revenues. The Non-PERSable bonuses will be funded by unrestricted ARPA funds while the remainder will be funded by the City's General Fund. Coordinated With: City Manager ATTACHMENTS: Description City Council City Council Regular Meeting 460 a Resolution Approving MOU Between City of Lynwood and LEMG.pdf a Exhibit A - Final MOU Tentatively Agreed Upon w LEMG.pdf a Exhibit B - Proposed Side Letter Agreement Between City of Lynwood and LEMG - Reinstatement Rec Super II.pdf City Council City Council Regular Meeting 461 RESOLUTION NO. [XX] A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) AND SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) FOR FISCAL YEARS 2023 — 2027 WHEREAS, the City of Lynwood ("City") has fulfilled its meet and confer obligations as required by the Meyers-Milias-Brown Act; and WHEREAS, the negotiations have resulted in an agreement between the City of Lynwood and The Lynwood Employees' Management Group ("LEMG") attached in Exhibits A & B; and WHEREAS, it is in the best interest of the City to adopt the agreements as proposed; and WHEREAS, funds have been allocated from both the City's general fund and American Rescue Plan Act (ARPA) unrestricted fund, and will be appropriated in each of the fiscal year budgets for the duration of the agreements. THEREFORE, BE IT RESOLVED by the City Council of the City: SECTION 1. That the City Council of the City of Lynwood does hereby approve the Memorandum of Understanding (MOU) and Side Letter Agreement (Exhibits A & B) which shall be executed by designated representatives from the City of Lynwood and the LEMG upon adoption of this resolution by the City Council. SECTION 2. That the City Manager, Director of Human Resources and City Attorney are directed to execute and implement the MOU in accordance with the provisions of this resolution. SECTION 3. That this Resolution, MOU and Side Letter Agreement referenced herein supersede any provisions of previously adopted City policies that conflict with the provisions of this MOU. SECTION 4. That the City Council will be presented with a subsequent Resolution following the approval of this Resolution to update the City's "Salary Schedule" to reflect the salary and compensation changes agreed upon in the attached agreement in Exhibits A & B. 462 PASSED, APPROVED and ADOPTED this 7th day of November, 2023 Oscar Flores MAYOR ATTEST: Maria Quinonez CITY CLERK APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia Patrick Matson CITY ATTORNEY DIR. OF HUMAN RESOURCES 463 EXHIBIT A COMPREHENSIVE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP July 1, 2023 - June 30, 2027 464 Table of Contents ARTICLE 1 IMPLEMENTATION 1 ARTICLE 2 EMPLOYEE RECOGNITION 1 ARTICLE 3 CITY RIGHTS 3 ARTICLE 4 ASSOCIATION RIGHTS 4 ARTICLE 5 STEP INCREASES 5 ARTICLE 6 SALARIES/WAGES/DUES DEDUCTIONS 5 ARTICLE 7 EXECUTIVE LEAVE 8 ARTICLE 8 AUTO ALLOWANCES 9 ARTICLE 9 BILINGUAL PAY 9 ARTICLE 10 PROJECT COORDINATOR PAY 9 ARTICLE 11 TOOL ALLOWANCE 10 ARTICLE 12 UNIFORM AND CLOTHING ALLOWANCE 10 ARTICLE 13 MILEAGE REIMBURSEMENT 11 ARTICLE 14 EDUCATION INCENTIVE PAY/TUITION REIMBURSEMENT 11 ARTICLE 15 LONGEVITY PROGRAM 12 ARTICLE 16 EMPLOYEE'S INSURANCE COVERAGE 13 ARTICLE 17 SICK LEAVE POLICY 15 ARTICLE 18 HOLIDAYS 16 ARTICLE 19 ACTING SUPERVISORY COMPENSATION 19 ARTICLE 20 RETIREMENT POLICY 19 465 ARTICLE 21 LEAVE BENEFIT ACCRUAL RATES, CASHOUT & CARRYOVER OF LEAVE HOURS 21 ARTICLE 22 NON-DISCRIMINATION 23 ARTICLE 23 ANNUAL VACATION LEAVE 23 ARTICLE 24 MILITARY LEAVE 25 ARTICLE 25 FAMILY CARE AND MEDICAL LEAVE POLICY 25 ARTICLE 26 HOURS OF WORK 31 ARTICLE 27 ATTENDANCE 32 ARTICLE 28 GRIEVANCE AND DISCIPLINARY APPEAL PROCEDURE 32 ARTICLE 29 BEREAVEMENT LEAVE 34 ARTICLE 30 JURY DUTY 34 ARTICLE 31 SERVICE DISABILITY 34 ARTICLE 32 NO STRIKE 35 ARTICLE 33 FULL FAITH AND CREDIT CLAUSE 35 ARTICLE 34 SAVINGS CLAUSE 36 ARTICLE 35 AUTHORIZED AGENTS 36 ARTICLE 36 LAYOFF 36 ARTICLE 37 LEAVE OF ABSENCE 38 ARTICLE 38 FULL UNDERSTANDING, MODIFICATIONS WAIVER 39 ARTICLE 39 RENEGOTIATION 39 ARTICLE 40 TERM 39 466 ARTICLE 1 IMPLEMENTATION The wages, hours, and other terms and conditions of employment set forth in this Memorandum of Understanding ("MOU") have been discussed and jointly proposed by and between the City of Lynwood ("City"), by and through the City's Municipal Employee Relations Officer, and representatives of the Lynwood Employees Management Group (hereinafter "Group"), and shall apply to all employees of the City working in the classifications as set forth herein. The wages, hours, and other terms and conditions of employment set forth in this MOU have been discussed in good faith between the City and Group, and the Municipal Employee Relations Officer agrees to recommend to the Lynwood City Council that all of the wages, hours, and other terms and conditions of employment as set forth herein be incorporated in full in a resolution of the City Council or, where appropriate, in a policy statement. Upon the adoption of such a resolution and/or policy statement, all wages, hours, and other terms and conditions of employment set forth in this MOU so incorporated, shall become effective as provided without any further action by either party. ARTICLE 2 EMPLOYEE RECOGNITION A. The City hereby continues to recognize the Lynwood Employee Management Group ("Group") as the recognized employee organization for all professional and management positions to the fullest extent allowable under California law applying to public employees and as further defined in Resolution No. 2002.103, adopted by the Lynwood City Council on July 16, 2002. The Group is the recognized bargaining agent for the management and professional employee unit ("Unit"). B. The Meyers-Milias-Brown Act ("MMBA") does not define either "confidential" or "management" employee, and Government Code Section 3507.5 authorizes each local agency to adopt procedures for determining which of its employees will be designated confidential or managerial. The MMBA, however, does not exclude management and confidential employees from the definition of employees entitled to the organizational and representation rights of the Act. Resolution No. 2002.103 defines a "confidential employee" as "an employee who, in the course of his or her duties, has access to information relating to the City's administration of employer -employee relations. It defines a "management supervisory employee" as "an employee having responsibility for formulating, administering, or managing the implementation of City policies or programs." While employees designated as "confidential" employees may be represented by the Group, the parties acknowledge and agree that such designated employees may not represent the Group or the Unit, participate in the bargaining process, or share any confidential information in connection with labor relations that would undermine the respective roles of each party in the bargaining process. -1- 467 C. It is acknowledged and agreed that the following positions are expressly excluded from the management and professional employee unit and from representation by the Group and from coverage under this MOU: • All Elected Officials; • City Manager; • Assistant City Manager; • At -Will Department Directors; • Assistant to the City Manager D. It is acknowledged and agreed that the following positions are within the represented Unit but shall be designated as "confidential": • Accounting & Auditing Supervisor; • Deputy City Treasurer; • Financial Analyst; • Personnel Analyst I I I; • Senior Human Resources & Risk Analyst (it is agreed that this position shall be deleted from the bargaining unit and shall be designated as Unrepresented, once the incumbent employee who holds this position as of the adoption of this 2023- 27 MOU retires or otherwise separates from City service.) E. It is acknowledged and agreed that the positions listed below are expressly covered by this MOU. Any and all future management and/or professional positions below the level of Director created during the term of this MOU shall be added to the list below and considered part of the management and professional employee unit represented by the Group in accordance with the express provisions of Resolution No. 2002.103 governing the creation of new job positions and/or classifications. LIST OF REPRESENTED MANAGEMENT AND PROFESSIONAL POSITIONS • Accounting and Auditing Supervisor*; • Assistant City Engineer+; • Accountant • Administrative Analyst II & I I I • Associate Engineer • Billing and Collections Supervisor; • Building Official+; • Deputy City Clerk+; • Deputy City Treasurer*+; • Deputy Director of Recreation and Community Services; • Electrical Maintenance Supervisor; • Financial Analyst*; -2- 468 • Personnel Analyst III*; • Planning Manager; • Planning Associate • Principal Planner+; • Public Safety Manager; • Public Works Special Projects Manager; • Public Works Operations Manager; • Public Works Operations Supervisor; • Recreation Facility and Program Supervisor; • Recreation Superintendent II; • Senior Accountant • Senior Administrative Analyst; • Senior Human Resources and Risk Analyst*+ (subject to removal from bargaining unit pursuant to Article 2, Section D above) • Senior Planner • Systems Analyst+ • Utility Services Supervisor * = Confidential + = Management Employee ARTICLE 3 CITY RIGHTS A. It is understood and agreed that the City retains all of its powers and authority to direct, manage, and control its operations to the full extent of the law. Said powers and authority include, but are not limited to, the exclusive right to: determine its organization; direct the work of its employees; determine the times of operation; determine the kinds and levels of services to be provided and the methods and means of providing them; establish its policies, goals, and objectives; determine staffing patterns; determine the number and kinds of personnel required; maintain the efficiency of City operations; build, move, modify, or close facilities; establish budget procedures and determine budgetary allocations; determine the methods of raising revenue; contract out work; and take action on matters in the event of emergency. In addition, the City retains the right to hire, classify, assign, evaluate, transfer, promote, terminate, and discipline employees. B. In case of emergency, the City retains its right to amend, modify, or rescind provisions of this MOU. Such amendment, modification, or rescission shall remain in force only for the period of the emergency. The determination of whether or not an emergency exists is solely within the discretion of the City Council. -3- 469 ARTICLE 4 ASSOCIATION RIGHTS The Group has the right to conduct Group business as follows: A. The right to use City facilities to hold official scheduled meetings regarding Group business and the right to use City equipment, including telephones and photocopiers for reasonable Group purposes in an amount not to exceed $50.00 per month. If the amount exceeds the $50.00 limit, then the Group shall reimburse the City for such costs, including copy charges of 3 cents and 5 cents per page for letter or legal -size copies, respectively, and 8 cents and 15 cents for color copies of same. Reasonable Group purposes and/or business shall not include administrative claims or proceedings, civil proceedings, political activities, campaigning, or any decertification or representation disputes with any other employee organization. B. The right to post information concerning elections, benefits, notices, reports, programs, and promotions. (Bulletin Board). C. The right to notice by the City of new employees in the Unit. Such notice shall include name, home address, home phone number, classification, work hours, department, starting salary, and work location. D. The Human Resources Department shall distribute informational materials provided by the Group to new employees, and 15 minutes will be set aside for the employee to meet with a representative of the Group during the in- processing orientation. Any additional meetings between new hires and Group Shop Stewards shall be outside normal business hours. E. The right to designate authorized representatives who shall have access to work locations and employees, subject to Department Head approval, when such access does not unduly interfere with the departmental operations and is in the course of grievance resolution. The Group may designate one Shop Steward per department. The appropriate steward shall request in writing and shall be allowed reasonable time off during duty hours for this purpose, provided the time requested does not substantially impact departmental operations. In the event the Steward cannot be released as requested, the supervisor shall provide an alternate time within the next forty-eight (48) hours. In the event that an alternate time is provided, all time limits in the grievance procedure shall be extended for an amount of time equal to the delay. Stewards shall be designated in advance by written notice from the Group to the Human Resources Director and the Steward's Departmental Director. F. The Group shall be allowed the use of the City's intranet for purposes of Group related communications. -4- 470 G. The Group shall be entitled to hold four (4) one -hour meetings annually or one per quarter during duty hours. These meetings will be held from 5:00 - 6:00 p.m. and all, as reasonably possible, Group represented employees shall be released from work in order to attend. ARTICLE 5 STEP INCREASES Section 1. Employees are eligible for a step increase upon successful completion of probation and thereafter will be considered on the basis of merit after intervals of one (1) year shall receive the Step B salary at the successful completion of the probationary period. Increases to Step C, D, and E within any pay range shall be based on satisfactory job performance by the individual and shall be reviewed at least at the following time intervals: • Step C - One (1) year after the Step B increase; • Step D - One (1) year after the Step C increase; • Step E - One (1) year after the Step D increase Section 2. Employees hired or promoted to any step above Step A shall receive the next step at the successful completion of the probationary period. Other increases within the range shall be followed in the method described in Section 1. Section 3. New employees, as well as current employees accepting another position within the bargaining unit, shall be appointed at the first step of the salary range to which their class is assigned, except that when the education and previous training or experience of a proposed employee are substantially superior to those required of the class and justify a beginning salary in excess of such minimum compensation. Upon recommendation of the Department Head, the City Manager may authorize an appointment to this position at any higher step. The Department Head shall submit his/her recommendation to the City Manager in such form, together with such information as the City Manager may require. The provisions of this Article do not apply to those hired or employed on a part-time basis. ARTICLE 6 SALARIES/WAGES/DUES DEDUCTIONS Section 1. Salary Adjustments A) Effective July 1, 2023, all full-time represented Unit members shall receive a one-time, "Non-PERSable" lump sum payment equal to five (5%) percent of the employee's base salary payable no later than the second full pay period after approval of this -5- 471 Memorandum of Understanding by the City Council and its ratification. B) Effective July 1, 2023, all full-time represented Unit members shall receive a cost -of - living adjustment to their base salary of four -percent (4%). C) Effective July 1, 2024, all full-time represented Unit members shall receive a one-time, "Non-PERSable" lump sum payment equal to three (3%) percent of the employee's base salary payable no later than the second full pay period following July 1, 2024. D) Effective July 1, 2024, all full-time represented Unit members shall receive a cost -of - living adjustment to their base salary of four -percent (4%). E) Effective July 1, 2025, all full-time represented Unit members shall receive a cost -of - living adjustment to their base salary of four -percent (4%). F) Effective July 1, 2026, all full-time represented Unit members shall receive a cost -of - living adjustment to their base salary of four -percent (4%). G) "Me Too"- During the term of this 2023-27 MOU, should the Lynwood Employees' Association/AFSCME Local 1920 ("LEA") Bargaining Unit negotiate an "across the board" compensation increase greater than what was negotiated for this Unit, the City shall provide Unit members covered by this MOU with the difference in compensation, so that Unit members receive the equivalent increases as those negotiated by the LEA. Such differences shall be payable in the same manner and with the same effective dates as negotiated by the LEA including Executive Management. Example 1: The LEA negotiates a 5% COLA, effective July 1, 2026. Unit members would then receive a 1% increase (i.e., the difference between the LEA's 5% COLA, and the Unit's previously negotiated 4% COLA), effective July 1, 2026. Example 2: The LEA negotiates a 5% COLA, effective October 1, 2026. Unit members would then receive a 1% increase, effective October 1, 2026. Such compensation increases will be limited to Cost of Living Adjustments (COLA's), "Non-PERSable" lump sum payments, and "Non-PERSable" COLA equivalents. Section 2. Salary Re -Opener Negotiations On or after July 1, 2026, upon written request of the Unit, the parties agree to re -open negotiations to review the City's revenues and discuss a potential additional Non-PERSable lump sum payment for the third year of this MOU. However, nothing herein shall be construed as a guarantee of an additional lump sum payment, as a result of re -opening negotiations. -6- 472 Section 3. Mandatory Direct Deposit All Group represented employees shall be on electronic direct payroll deposit. Section 4. Dues Deduction The City agrees to allow voluntary Group dues deduction from each Group member's first and second paycheck of each month and remit to the Group all such monies as are authorized in writing by the employees using dues deduction authorization forms similar to those already in place for other employee organizations in the City or as otherwise mutually negotiated. The Group shall have a duty to defend and shall indemnify and hold harmless the City against any liability arising from a claim, demand, or other action relating to this provision or the obligations hereunder. The City reserves the right to select its own counsel for its defense hereunder at the Group's expense. Section 5. Agency Shop Agreement The City and the Group have negotiated an agency shop agreement for all Group represented non -management employees pursuant to Government Code Section 3502.5 as follows: A. As used in this MOU, "agency shop" means an arrangement that requires an employee, as a condition of continued employment, either to join the Group as the recognized employee organization or to pay the Group a service fee in an amount not to exceed the standard initiation fee, periodic dues, and general assessments of the Group. B. An employee who is a member of a bona fide religion, body, or sect that has historically held conscientious objections to joining or financially supporting public employee organizations shall not be required to join or financially support the Group as a condition of employment. The employee may be required, in lieu of periodic dues, initiation fees, or agency shop fees, to pay sums equal to the dues, initiation fees, or agency shop fees to a nonreligious, non -labor charitable fund exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, chosen by the employee. Proof of the payments shall be made by the employee to the City on a monthly basis as a condition of continued exemption from the requirement of financial support to the Group. C. The Group shall keep an adequate itemized record of its financial transactions and shall make available annually, to the City, and to the employees who are members of the Group, within 60 days after the end of its fiscal year, a detailed written financial report thereof in the form of a balance sheet and an operating statement, certified as to accuracy by its president and treasurer or corresponding principal officer, or by a certified public accountant. An employee organization required to file financial reports under the federal Labor Management Reporting and Disclosure Act of 1959 (29 U.S.C. § -7- 473 401 et seq.) covering employees governed by this chapter, or required to file financial reports under Government Code Section 3546.5, may satisfy the financial reporting requirement of this section by providing the City with a copy of the financial reports. D. The City agrees to have agency shop dues deducted from each Group member's first and second paycheck of each month and remit to the Group all. such monies as are authorized in writing by the employees using dues deduction authorization forms similar to those already in place for other employee organizations in the City or as otherwise mutually negotiated. E. The Group shall have a duty to defend and shall indemnify and hold harmless the City against any liability arising from a claim, demand, or other action relating to dues deduction, agency shop, or any provision or obligation set forth in this Section. The City reserves the right to select its own counsel for its defense hereunder at the Group's expense. ARTICLE 7 EXECUTIVE LEAVE It is agreed that management employees who are assigned to regularly attend City Council, Commission, or Board meetings shall be granted ninety (90) hours Executive Leave annually. All other management staff shall receive seventy (70) hours annually. The full annual amount of Executive Leave shall be credited to management employees on July 1 of each Fiscal Year. In the case of a new full-time employee who is serving his/her probationary period, the employee will be credited with a pro -rated portion of Executive Leave hours based on the time remaining in the fiscal year in which the employee has completed his/her probationary period. In the case of a new temporary employee appointed into a full-time position, the employee will also receive a pro -rated portion of Executive Leave hours based on the time remaining for the fiscal year in which the employee was appointed into the position. Temporary employees may not use Executive Leave hours unless they have been appointed to a second temporary appointment of an additional six (6) months. Except as expressly limited herein, executive leave may be taken at any time after the start of the fiscal year in which it has been credited, with the approval of the employee's Department Head and/or the City Manager. Executive Leave credited during a fiscal year must be used within that fiscal year or be lost, with the exception that an employee may carryover hours into the following fiscal year pursuant to Article 21, Section 2. Any remaining balance of Executive Leave hours upon an employee's separation from employment with the City will not be paid to the employee. However, an employee may cashout his/her Executive Leave prior to separation from the City pursuant to Article 21, Section 3. -8- 474 A Personnel Status Report form will be required for approval of the ninety (90) hours of Executive Leave. ARTICLE 8 AUTO ALLOWANCES Automobile allowances are provided either at $500.00 or $300.00 per month as determined by the City Manager. Employees who drive on the job and do not receive an auto allowance shall instead receive mileage reimbursement, per Internal Revenue Service standard (currently 56.5 cents per mile) for the duration of this MOU. ARTICLE 9 BILINGUAL PAY The City Manager may grant compensation to full-time employees who have passed their initial probationary period for using bilingual skills in the course of work, provided that such employee use bilingual skills at least twenty percent (20%) of their working time for either written or oral communication. Employees required to use bilingual skills in the course of their work may request bilingual pay by submitting written justification approved by their Department Head to the City Manager. Those employees approved by the City Manager for bilingual pay shall be required to pass a language proficiency examination. Bilingual pay shall be one hundred twenty-five dollars ($125.00) per month paid on a biweekly basis, effective the first full pay period after the first of the month following the submission of a Personnel Status Report form with proper approval. ARTICLE 10 PROJECT COORDINATOR PAY Upon recommendation of the respective Department Head, eligibility verification by the Human Resources Director, and approval by the City Manager, employees are eligible for Project Coordinator Pay in increments of one hundred dollars ($100.00) up to a maximum of five hundred dollars ($500.00) per month. Project Coordinator Pay is intended for performing duties on a project basis outside an employee's job classification and limited to a twelve (12) month (one-year) period unless otherwise approved by the City Manager or his/her designee. Any employee receiving Acting Duty Pay or Additional Duties Pay for performing duties outside the employee's classification shall not be eligible for Project Coordinator Pay for performing those same duties for which they are already being compensated. -9- 475 ARTICLE 11 TOOL ALLOWANCE The Equipment Repair Supervisor shall receive an allowance for furnishing and using his/her own tools. The allowance is payable annually in June through payroll. The amount of payment will be calculated at the rate of forty dollars ($40.00) per full month of employment during the previous twelve (12) month period. lithe employee leaves City service prior to the June payment date, the amount of tool allowance payment will be as accrued with appropriate documentation initiated by the department prior to termination of City employment. ARTICLE 12 UNIFORM AND CLOTHING ALLOWANCE The City will furnish Public Works Department management employees, whose duties require wearing uniforms, three (3) uniform changes per week plus one (1) additional laundered shirt per week. Effective the first payday in December of 2004, position titles identified below that are required to wear OSHA safety boots/shoes shall receive two hundred dollars ($200.00) as a uniform allowance annually: • Building Official; • Electrical Maintenance Supervisor; • Public Safety Manager; • Public Works Operations Supervisor; • Street Maintenance Supervisor; • Utility Services Supervisor The allowance is taxable and will be included within the employee's paycheck. ARTICLE 13 MILEAGE REIMBURSEMENT With the approval of the employee's Department Head and the City Manager, the City will reimburse those management employees who do not receive an Auto Allowance and who are required to use their personal vehicles for the purpose of conducting City business at the rate contained in the current Internal Revenue Service code book (currently 56.5 cents per mile). Employees receiving monthly automobile allowances are not eligible for mileage reimbursement. Employees must document the date, destination, and beginning and ending odometer reading from their vehicles in supporting the request. Said information must be logged on a Mileage Claim Form when requesting payment. -10- 476 ARTICLE 14 EDUCATION INCENTIVE PAY/TUITION REIMBURSEMENT To encourage employees in undertaking outside study to the end that they may perform their duties in a more efficient manner, a system of education pay, over and above established pay schedules, is hereby established. Section 1. Education Incentive Pay Education incentive pay is allowable for completed courses of approved subjects at accredited schools, and is fixed at one dollar ($1.00) per month for each semester unit of credit satisfactorily completed by the employee with a grade of "C" or better. A quarter unit is the equivalent of a semester unit and is also compensated at one -dollar ($1.00) per month. Maximum pay is fixed at one -hundred -fifty dollars ($150.00) per month. All courses of study must have prior approval by the employee's Department Head and the City Manager in order to receive education incentive pay. Accredited schools are herein defined as accredited colleges, junior colleges, universities or other schools providing college credit that are accredited by nationally recognized accrediting agencies, as determined by the U.S. Secretary of Education. Suitable written certification from the school or granting agency showing satisfactory completion of each course or program shall be submitted to Human Resources for inclusion in employee personnel records. Education incentive pay shall commence during the first full pay period in the month following the submission of written certification. Bachelor's/Master's Degree Pay Certain positions within the Group do not require degrees of higher education. The City may pay employees two -hundred dollars ($200.00) per month who have graduated and received a bachelor of arts or bachelor of science degree from an accredited college or university, or the City will pay employees two -hundred -fifty dollars ($250.00) per month who obtain a master's degree from an accredited college or university. Compensation under this section only applies to those employees whose positions do not require a bachelor's or master's degree as set forth in the City's official job description(s). In order to qualify for compensation under this section, employees must submit a request for compensation, submit proof of the degree obtained, and receive approval by the City Manager. Section 2. Tuition Reimbursement Program The City will contribute one -hundred percent (100%) of the cost of tuition fees for such courses, -11- 477 up to one -thousand -five -hundred dollars ($1,500.00) per semester or quarter course, while the employee is accruing the one -hundred -fifty dollars ($150.00) per month maximum education incentive pay (as described above). The maximum City contribution to the cost of tuition and books is three -thousand dollars ($3,000.00) annually per employee. Tuition Reimbursement Program guidelines are available through the Human Resources Division. The provisions of this section do not apply to employees undertaking an approved course during a regular workday or assigned shift. Human Resources will undertake a study regarding tuition reimbursement and meet and confer with LEMG regarding the findings and any potential restructure of the Program. Section 3. Certificate Pay Program The City will pay three -hundred dollars ($300.00) per month Certificate Incentive Pay upon certification as a Certified Energy Manager or Leadership in Environment and Energy Design (LEED). The City has eliminated the Certified Green Building Professional (CGBP) Certificate Pay and Corresponding Pay of $300.00 per month unless 1) employees can individually demonstrate that the certificate is necessary to the performance of their duties, and 2) the City Manager agrees to the continuation of this previously contracted benefit for that employee. The City Manager and/or Department Directors may add additional certificates to this program. An employee covered by this MOU may not receive Certificate Incentive Pay for more than one certificate at a time. ARTICLE 15 LONGEVITY PROGRAM Section 1. Effective September 1, 1988, longevity pay was adopted as follows: One -percent (1%) of base salary at the end of seven (7) years of service; an additional one percent (1%) of base salary at the end of twelve (12) years of service; and an additional one percent (1%) of base salary at the end of seventeen (17) years of service; and an additional three hundred dollars ($300.00) annually paid on a biweekly payroll basis after completion of twenty- five (25) years of service. Section 2. Effective January 1, 1989, longevity pay was modified as follows: The same as above with deleting three -hundred dollar ($300.00) annually paid for twenty-five (25) years of service and inserting two percent (2%) of base salary at twenty-two (22) years of service. -12- 478 The additional percent(s) to base salary shall be paid on normally assigned positions and not temporary or special assignments. ARTICLE 16 EMPLOYEE HEALTH INSURANCE COVERAGE Health: The City shall contribute toward any CalPERS health insurance plan selected by full time Group represented employees, up to the CaIPERS established Kaiser -Los Angeles County (known as CalPERS "Region 3" as of this 2023-27 MOU) family rate. The employee must pay any remaining premium for dependent coverage through payroll deduction. For employees hired prior to January 1, 2012, the City shall adjust its contribution each year of this MOU, up to the CalPERS established family rate for Kaiser, Region 3. However, the City's contribution shall be capped at the dollar amount in effect for Plan Year 2027. For employees hired on or after January 1, 2012, the City "capped" City paid health insurance at the Kaiser Family, Los Angeles Region, coverage rate of $1128.40. Accordingly, employees are responsible for paying any difference between $1128.40 (City cap), and the rate for the medical plan that they select. With verifiable proof of non -City health benefits coverage as determined by the Human Resources Director, employees shall be eligible to receive either cash -in- lieu of benefits on a post -tax basis or a contribution in lieu of benefits to deferred compensation on a pre-tax basis in an amount equivalent to the Kaiser "Employee Only" rate for Region 3, or five -hundred dollars ($500.00) per month, whichever is less. Employees hired prior to January 1, 2012 are eligible for City paid health, dental, vision and life insurance upon retirement. Employees hired on or after January 1, 2012, are not eligible for City paid health, dental, vision or life insurance coverage upon retirement. Dental: For full time employees hired before January 1, 2009, The City will continue to contribute up to one -hundred percent (100%) of the established family rate for dental insurance selected by that employee. For full time employees hired on or after January 1, 2009, the City shall contribute up to eighty percent (80%) of the established family rate for dental insurance selected by that employee. Life: Effective July 1, 2002, the City shall pay a life insurance premium for all full-time Group -13- 479 represented employees in the amount of fifty thousand dollars ($50,000.00) with the full cost of the premium paid by the City.. Vision: For full-time employees hired before January 1, 2009, the City will continue to contribute up to one -hundred percent (100%) of the established family rate for vision insurance selected by that employee. For full-time employees hired on or after January 1, 2009, the City shall contribute up to eighty percent (80%) of the established family rate for vision insurance selected by that employee. The City shall continue to include a retirement benefit for employees who retire from active City service with at least five years tenure with the City. Verification of CaIPERS retirement application will be required. The City shall provide a flexible benefit plan in accordance with Internal Revenue Code Section 125. The City shall maintain its Employee Assistance Program (EAP) with the full insurance premium incurred by the City. Effective January 1, 1999, the City shall implement the State Disability Insurance Program with the full cost of such plan to be paid by the City. Wellness Benefit: It is the intent of the parties to promote the physical and mental well-being of Unit employees. Accordingly, beginning January 1, 2024, the City shall provide each Unit employee with a lump sum payment of $200, which shall be used for wellness activities, including but not limited to: health club/gym memberships; fitness classes; health consultations with a medical provider, not covered by the employee's regular health insurance; exercise equipment; nutritional supplements. A lump sum payment of $200 shall be provided to each Unit employee on each subsequent January 15t during the term of this MOU. This benefit will be subject to all federal, state and payroll related taxes. Employees are not required to submit receipts in order to receive the annual payment of $200. However, the City reserves the right to periodically audit the Wellness program at its discretion, to ensure that monies are being spent in a manner consistent with the intent of this Article. -14- 480 ARTICLE 17 SICK LEAVE POLICY A) Sick leave with pay shall be granted by the City Manager and/or his/her designee at the rate of one work day for each calendar month of service accrued at 3.69 hours per pay period or prorated if not a full pay period. Sick leave shall not be considered as a privilege which an employee may use at his/her discretion, but shall be allowed only in case of necessity and actual sickness or disability. In no event will sick leave with pay be granted in excess of that which is accrued. In the event that state and/or federal law provides employees with greater rights than those provided in this MOU, then the City's sick leave policy and practice shall conform with federal and state law as enacted or modified during the term of this MOU. In order to receive compensation while absent on sick leave, the employee shall notify his/her immediate supervisor prior to the time set for beginning duty, unless notification is physically impractical. A physician's certificate or personal statement will be submitted for absences of three (3) days or more. The City may require a physician's certificate and release to return to work whenever there is reasonable cause to believe that there has been an abuse of sick leave or when there is reasonable doubt as to the employee's ability to perform his/her duties satisfactorily and safely. The City maintains the right to discipline any employee for excessive absenteeism. In compliance with Labor Code Section 233, an employee shall be allowed to use in any calendar year sick leave accrued and available in an amount not less than what would be accrued in six (6) months of employment to attend to the illness of a child, parent, spouse, registered domestic partner, grandparent, grandchild, sibling, or "designated person" (AB 1041) of the employee. For purposes of this section, six (6) months sick leave accrual will be based on thirteen (13) pay periods. All conditions and restrictions placed by the City upon the use by an employee of sick leave shall also apply to the use by an employee of sick leave to attend to an illness of his or her child, parent, spouse, registered domestic partner, grandparent, grandchild, sibling, or "designated person" (AB 1041). In the event such leave is taken for a "designated person" as defined in AB 1041, the City may limit an employee to one (1) designated person per twelve (12) month period for sick leave. This section does not extend the maximum period of leave to which an employee is entitled under Section 12945.2 of the Government Code or under the federal Family and Family and Medical Leave Act of 1993, regardless of whether the employee receives sick leave compensation during that leave. There shall be a sick leave pay off program. This program uses a sick leave limit of ninety- six (96) work days. The method of compensation shall be on a straight time pay basis at the rate of pay in effect at the time of pay off. The payoff program has three elements: -15- 481 retirement, resignation or termination, and annual compensation. For purpose of the payoff program retirements are limited solely to regular service (non - disability) retirements. Upon regular service (non -disability) retirement employees shall receive fifty percent (50%) compensation for unused sick leave hours up to the maximum of the ninety-six (96) workdays. For purpose of the payoff program resignations and terminations shall exclude terminations for cause and retirements. Upon resignation or termination as specified herein and only after ten (10) years of continuous City service, employees shall be compensated for one -quarter (1/4) of their unused sick leave hours up to the maximum of ninety-six (96) work days. The annual compensation element of the sick leave pay off program is provided as follows: Fifty percent (50%) of the sick leave earned beyond ninety-six (96) work days or the frozen amount shall be annually compensated to the employee at the end of each calendar year. The remaining fifty percent (50%) of such excess sick leave remains on the books but shall be used for actual sick leave purposes only and shall not entitle the employee to any additional compensation. Sick leave accrued beyond the ninety-six (96) workday maximum or frozen amount shall be used prior to the earlier earned sick leave. Transfer of Leave Credits Upon official request by an employee experiencing a catastrophic illness/injury or event, the employee's department director, or the Group on behalf of the employee, the City Manager or his/her designee may allow individual employees the opportunity to transfer accrued vacation or compensatory time to another employee who has experienced a catastrophic event. All conditions for this transfer shall be in compliance with the City's Transfer of Leave (Catastrophic Leave) Policy. ARTICLE 18 HOLIDAYS Section 1 The City and Group agree to incorporate into this MOU the elimination of specified holidays and have floating holidays replace them. The holidays to be eliminated are: Washington's Birthday, Lincoln's Birthday, Columbus Day, and Admission Day. A) The total number of floating holidays is four (4) with all floating holidays available at the beginning of the fiscal year. All floating holidays to be taken off are subject to operational and scheduling factors and must be approved by the employee's supervisor. -16- 482 B) Subject to C. below, no floating holidays will be available until the successful completion of the original probationary period. At that time, such employees will be credited with a pro rata portion of the aforesaid four (4) floating holidays based upon the time remaining in the initial calendar year of employment, but in no case less than one day. C) No floating holiday may be carried over to another calendar year, except as provided for under Article 21. D) The availability of four (4) floating holidays on July 1 of each year (in the case of a permanent employee) and of a pro rata portion thereof upon successful completion of the probationary period (in the case of new employees) is based upon the assumption that the employee will successfully complete employment with the City for the fiscal year in question. If an employee fails to successfully complete employment for the said fiscal year, the number of floating holidays available to the employee shall be prorated on the basis of the portion of the fiscal year for which the employee was employed by the City. If, under such circumstances, the employee has used more floating holidays than were actually available, the City shall make an appropriate reduction in its payment of final compensation to such employee. E) The accrual for four (4) floating holidays for full-time employees shall be forty (40) hours per annum based on a 4/10 work schedule. F) The accrual for four (4) floating holidays for full-time employees shall be 32 hours per annum based on the 5/8 (8-hour/5-day workweek) work schedule. G) In the case of a new temporary employee appointed into a full-time position, the employee will also receive a pro -rated portion of Floating Holiday hours based on the time remaining for the fiscal year in which the employee was appointed into the position. Temporary employees may not use Floating Holiday hours unless they have been appointed to a second temporary appointment of an additional six (6) months. H) Floating Holidays hours credited at the beginning of a new fiscal year must be used within that same fiscal year or be lost, with the exception that an employee may carryover hours into the following fiscal year pursuant to Article 21, Section 2. Any remaining balance of Floating Holiday hours upon an employee's separation from employment with the City will not be paid to the employee. However, an employee may cashout his/her Floating Holiday hours prior to separation from the City pursuant to Article 21, Section 3. Section 2 Employees covered under this MOU shall be allowed the following paid holidays: New Year's Day, January 1; Martin Luther King Jr., third Monday in January; Presidents' Day, third Monday in February; Cesar Chavez Day, last Monday in March; Memorial Day, last Monday in May; -17- 483 Juneteenth, June 19; Independence Day, July 4; Labor Day, first Monday in September; Veteran's Day (November 11th); Thanksgiving Day, fourth Thursday in November; day after Thanksgiving, fourth Friday in November; Christmas Day, December 25. When a holiday named in this regulation falls on Sunday, it shall be observed on the following Monday. Those employees working a 5-day/8-hour (5/8) workweek will be paid for those holidays falling on a Friday. Those employees working a 4/10 schedule, Monday through Thursday, shall be credited with ten (10) hours of Floating Holiday for those holidays which fall on their Friday or Saturday off. This provision is made with the understanding that the accrual rates for floating and personal leave time (Article 21) will be adjusted annually for 5/8 scheduled employees as warranted to compensate both the 4/10 and 5/8 work schedules on an equal basis. For those full-time employees on a 5/8 work schedule, those holidays falling on a Saturday will be observed on Friday. Floating holiday hours may be carried over into the next fiscal year, following the fiscal year in which they were credited, pursuant to Article 21, Section 2. Any remaining balance of Floating Holiday hours upon an employee's separation from employment with the City will not be paid to the employee. The City agrees that if the City closes on the days between Christmas and New Year's Day, employees covered by this MOU shall not lose any pay during this period. Section 3 — Personal Leave Effective July 1, 2023, the Personal Leave hours available to employees each fiscal year will be twenty (20) hours for employees working the 4/10 schedule and sixteen (16) hours for employees working the 5/8 schedule. In the case of a new full-time employee who is serving his/her probationary period, the employee will be credited with a pro -rated portion of Personal Leave hours based on the time remaining in the fiscal year in which the employee has completed his/her probationary period. In the case of a new temporary employee appointed into a full-time position, the employee will also receive a pro -rated portion of Personal Leave hours based on the time remaining for the fiscal year in which the employee was appointed into the position. Temporary employees may not use Executive Leave hours unless they have been appointed to a second temporary appointment of an additional six (6) months. Personal Leave Day may be taken on any day of the employee's choosing, subject to operational and scheduling factors and approval by the employee's supervisor. Personal Leave must be used within the fiscal year in which it was earned. Unused Personal Leave at the end of each fiscal year shall be lost, except as provided for under Article 21, Section 2. Any remaining balance of Personal Leave hours upon an employee's separation from employment with the City will not be -18- 484 paid to the employee. However, an employee may cashout his/her Personal Leave hours prior to separation from the City pursuant to Article 21, Section 3. Section 4 Employees will not be required to use their time for the Christmas Closure, City will cover the cost. ARTICLE 19 ACTING SUPERVISORY COMPENSATION At such time as a supervisory position becomes temporarily vacant for reasons of sick leave, leave of absence, or injury on duty status, a civil service employee may be assigned the supervisory duties and designated as "acting." Further, at such time as a supervisory position becomes vacant, i.e., without an incumbent, a civil service employee who has less than the minimum training or experience requirements for temporary appointment may be assigned the duties and designated as "acting" upon determination by the Department Head (or City Manager, if appropriate) that said employee is best qualified to perform all or a substantial portion of the duties of the supervisory position. The selection of the employee for "acting" status shall be within the sole discretion of the Department Head. Employees acting in a supervisory position shall not be entitled to any additional compensation for doing so unless they work eight (8) or more days in that assignment, at which time they shall be entitled to acting compensation retroactive to the first day of that assignment. Such compensation shall continue until such time as the incumbent returns or, as in the case of the vacant position, the position is filled or the designated employee meets the temporary appointment requirements. Acting compensation is at the step r -ate n the supervisory position range which exceeds but is closest to the employee's current rate of pay in the permanent position or two hundred fifty dollars ($250.00) per month, whichever is less. ARTICLE 20 RETIREMENT POLICY Section 1. CaIPERS Retirement Formulas For employees hired prior to January 1, 2013, and for those employees hired after that date but determined by the California Public Employees Retirement System ("CaIPERS") to be "classic members" as defined by CaIPERS, the City will continue to provide employees a pension through the CaIPERS system commonly known as the "3% @60" formula. For new employees that are non -classic members, the City will provide a pension through CaIPERS using the "2% @ 62" formula, pursuant to the California Public Employees' Pension Reform Act of 2012 ("PEPRA"). Employees hired prior to January 1, 2013 and classic members shall continue to pay up to eight percent (8%) for any CaIPERS member contribution under the 3% @ 60 formula, unless directed -19- 485 to pay a higher percentage by law or a mandate directly from CaIPERS. New, non -classic members shall pay 100% of any CaIPERS member contribution under the 2% @ 62 formula pursuant to PEPRA. Section 2. Exclusion of Employer Paid Member Contributions (EPMC) The City shall not pay any part of employee member contributions known informally as Employer Paid Member Contributions (EPMC) as allowed under Government Code Section 20691 pursuant to agreement reached between the parties in 2012. Section 3. Calculating Retirement Compensation Retirement compensation for employees hired prior to January 1, 2013 and classic members shall be computed on the employee's one (1) year's highest earnings. Retirement compensation for non -classic members shall be computed on the average of the employee's three (3) highest years of service. Section 4. New Retirement Tier for Newly Hired "Classic" Members Within 60 days of adoption of this MOU by the City Council, the City shall consult with CaIPERS as to the feasibility of implementing the 2.7%@55 formula for any "classic" CaIPERS members hired into City service on or after July 1, 2023. If CaIPERS determines that this is permissible, then the City shall amend its contract with CaIPERS as soon as practicable to implement the change. Once implemented, "classic" CaIPERS members hired into City service on or after July 1, 2023 shall be responsible for paying 100% of the member contribution. Should CaIPERS determine that it is not permissible to implement 2.7%@55 in the manner described above, then there shall be no changes to this Article, and the retirement formula for all "classic" CaIPERS members shall remain 3%@60. Any written determinations from CaIPERS as to the feasibility of implementing a new 2.7%@55 tier, shall be shared with the Unit, and reviewed jointly by the parties. Section 5. 457 Deferred Compensation Plan/City Contributions Beginning January 1, 2024, and on each subsequent January 1st during the term of this MOU, the City shall contribute a lump sum payment of $300 to the 457 Deferred Compensation Plan account of each employee who has opted to participate in the Plan. Employees not participating in the 457 Deferred Compensation Plan shall not be entitled to the $300 payments. -20- 486 ARTICLE 21 LEAVE BENEFIT ACCRUAL RATES, CASHOUT & CARRYOVER OF LEAVE HOURS Section 1. Vacation: Leave Accrual Rates Years of Service 1-7 Eighty (80) Hours/Year (80 Hours/26 Pay Periods) = 3.08 Hours/Pay Period; any remaining balance will be paid at 100% upon employee's separation from the City. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Years of Service 8-14 One -Hundred -Twenty Hours/Year (120 Hours/26 Pay Periods) = 4.62 Hours/Pay Period; any remaining balance will be paid at 100% upon employee's separation from the City. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Years of Service 15+ One -Hundred -Sixty Hours/Year (160 Hours/26 Pay Periods) = 6.15 Hours/Pay Period; any remaining balance will be paid at 100% upon employee's separation from the City. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Sick: Years of Service N/A Ninety -Six Hours/Year (96 Hours/26 Pay Periods) = 1.923 Hours/Pay Period; may carryover from one year to the next; Refer to Article 17 — Sick Leave Policy for usage restrictions. Executive Leave: Years of Service N/A Employees Required to Attend City Council, Commission or Board Meetings — Ninety (90) Executive Leave Hours to be credited on July 1st; pro -rated for new hires and temporary employees; any remaining balance through the end of June 30th or upon separation from the City shall be unpaid. . Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Years of Service N/A All Other Management Employees — Seventy (70) Floating Holiday Hours to be credited on July 1St; pro -rated for new hires and temporary employees; any remaining balance through the end of June 30th or upon separation from the City shall be unpaid. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. -21- 487 Floating Holiday: Years of Service N/A 4/10 Scheduled Employees — Forty (40) Floating Holiday Hours to be credited on July 1st; pro -rated for new hires and temporary employees; any remaining balance through the end of June 30th or upon separation from the City shall be unpaid. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Years of Service N/A 5/8 Scheduled Employees — Thirty-two (32) Floating Holiday Hours to be credited on July 1st; pro -rated for new hires and temporary employees; any remaining balance through the end of June 30th or upon separation from the City shall be unpaid. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Personal Leave: Years of Service N/A 4/10 Scheduled Employees - Twenty (20) Personal Leave Hours/Year to be credited on July 1st; pro -rated for new hires and temporary employees; any remaining balance through the end of June 30th or upon separation from the City shall be unpaid. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Years of Service N/A Sixteen (16) Personal Leave Hours/Year to be credited on July 1st; pro -rated for new hires and temporary employees; any remaining balance through the end of June 30th or upon separation from the City shall be unpaid. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions. Section 2. Carryover of Leave Hours The intent of this provision is to allow Unit employees to carryover a combined number of unused Floating Holiday and/or Personal Leave hours, as provided for in Article 18, and/or unused Executive Leave hours as provided for in Article 7. Upon ratification of this MOU, and each June 30th thereafter, employees shall be allowed to carryover up to 100 hours of combined unused Floating Holiday, Personal Leave and/or Executive Leave credited during that fiscal year, into the next fiscal year for a maximum of six (6) months. Any hours carried over that remain unused as of December 31st of that calendar year, shall be lost. Example: On June 30, 2024, an employee has 60 hours of unused Executive Leave, 40 hours of unused -22- 488 Floating Holiday, and 10 hours of unused Personal Leave that were credited in FY 2023-24 (total of 110 hours). The employee may carryover up to 100 of those hours into FY 2024-25 (e.g., 50 hours of Executive Leave + 40 hours of Floating Holiday + 10 hours of Personal Leave), which must then be used by December 31, 2024 or they shall be lost. It is agreed that the carrying over of hours from one fiscal year, shall not impact the employee's credit of Floating Holiday, Personal Leave and Executive Leave hours for the new fiscal year. Section 3. Cashout of Executive, Floating Holiday, Personal, Vacation Leave Hours Upon ratification of this MOU, the City will allow for a cash out of up to 200 accrued leave hours per fiscal year. Such accrued leave hours will include Executive, Floating Holiday, Personal, Vacation, or any combination of the aforementioned hours not to exceed a total of 200 hours each fiscal year. Such cash outs will be allowed during the final pay periods of the months of June and December. No Financial Hardship requests will be considered for an additional cashout. Payment shall be made in the following manner: • Payment will be made annually at the employee's current hourly rate of pay. • Payment request shall be submitted to the City's Director of Human Resources or his/her designee no later than June 1st or December 1st in order to be considered for payment during the month requested. • Payment will be made by the 2nd pay period of the month or months of June and December for which the request was received. ARTICLE 22 NON-DISCRIMINATION It is agreed that neither the City nor the Group shall discriminate against any employee because of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation of any person, employee organization membership or activity, or political affiliation. This prohibition shall include any other protected characteristics not mentioned here, as may be subsequently required by law pursuant to Government Code Section 12940. ARTICLE 23 ANNUAL VACATION LEAVE A) The purpose of annual vacation leave is to enable each eligible employee annually to return to work mentally refreshed. All full-time employees in the classified service shall be entitled to annual vacation leave with pay. Employees not eligible for vacation leave with pay are: -23- 489 1. Employees still serving their original probationary period in the services of the City; however, vacation credits for the time shall be granted to each such employee who later received a permanent appointment. 2. Employees who work on an intermittent or seasonal basis and all part-time employees. All eligible employees in the first through fifth year of continuous service shall earn vacation credit at the rate of eighty (80) hours per year. Beginning with the sixth year and through the twelfth year of continuous service employees shall earn vacation credit at the rate of one hundred twenty (120) hours per year. Beginning with the thirteenth year of continuous service and thereafter employees shall earn vacation credit at the rate of one hundred sixty (160) hours per year. Each eligible employee shall be required to have served the equivalent of one year of continuous service in the City in order to be eligible for his/her full annual vacation leave. After six (6) months of continuous service, the employee may be permitted to take vacation leave not to exceed forty (40) hours. In no event, however, will paid vacation be granted in excess of earned vacation credits. Vacation leave must be approved in advance by the Department Head or City Manager. The times during a calendar year at which an employee may take his/her vacation shall be determined by the Department Head with due regard to the wishes of the employee and particular regard for the needs of the service. Vacation Cap Effective July 1, 2017, an employee may accumulate vacation to a maximum of five hundred fifty (550) hours. Vacation leave is accrued as earned, and the amount of vacation leave accumulated shall not exceed the maximum. Accrual shall stop whenever the employee is at the maximum. Upon reaching the maximum allowed accumulation, future vacation hours shall not be earned unless or until vacation usage or cash out causes the employee's accrual to fall below the maximum limit set forth in this MOU. Effective July 1, 2017, the Union agrees to decrease the maximum vacation hour accrual from six hundred forty (640) hours to a maximum of five -hundred and fifty (550) hours. Vacation leave is accrued as earned and the amount of vacation leave accumulated shall not exceed the maximum. Accrual shall stop whenever the employee is at the maximum. All employees who have an accrued vacation balance over three hundred ninety (390) hours through June 30, 2017 shall have the opportunity to transfer up to three hundred -24- 490 and fifty (350) hours to a secondary vacation account. All employees who are eligible for the secondary vacation account must identify their election amount on or by September 30, 2017. After September 30, 2017 there will be no further transfers in or out of the secondary vacation account. All eligible employees with a secondary vacation account must utilize their secondary account vacation balance in full prior to utilizing any primary vacation account leave. In the event one or more municipal holidays fall within an annual vacation leave, such holidays shall not be charged as vacation leave, and the vacation leave shall be extended accordingly. Employees who terminate employment shall be paid in a lump sum for all accrued vacation leave upon termination of employment. ARTICLE 24 MILITARY LEAVE Military leave shall be granted in accordance with the provisions of federal and state law. ARTICLE 25 FAMILY CARE AND MEDICAL LEAVE POLICY I. STATEMENT OF POLICY In addition to other leaves available under the MOU and/or other City provided leaves of absences, employees may also be eligible for leave under federal and state law. The City will provide family and medical care leave for eligible employees as required by state and federal law, including leaves under the Federal Family and Medical Leave Act ("FMLA"), the State of California Family Rights Act ("CFRA"), and Paid Family Care Leave ("PFCL"). An individual who is entitled to leave under the FMLA and the CFRA must take Family Temporary Disability Insurance leave concurrent with leave taken under the FMLA and the CFRA. I I. DEFINITIONS In implementing this policy, the following definitions will apply: A. "12 -Month Period" means a rolling twelve (12) month period measured backward from the date leave is taken and continuous with each additional leave day taken. B. "Parent" means the biological, foster, or adoptive parent of an employee or an individual -25- 491 who stands or stood in loco parentis (in place of a parent) to an employee when the employee was a child. This term does not include parents -in- law. C. "Child" means a child under the age of eighteen (18) years of age, or eighteen (18) years of age or older who is incapable of self -care because of a mental or physical disability. An employee's child is one for whom the employee has actual day-to-day responsibility for care and includes, a biological, adopted, foster or step -child, a legal ward, a son or daughter of a domestic partner, or a son or daughter who stands in loco parentis to that child. D. "Spouse" means a husband or wife as defined or recognized under California State law for purposes of marriage. E. "Domestic Partner" means a partner as defined in Section 297 of the California Family Code. F. "Family Member" means a child, parent, spouse, or domestic partner as defined by State and Federal laws. G. "Designated Person" as defined in State of California AB 1041, is any individual person related by blood or whose association with the employee is the equivalent of a family relationship. The designated person does not have to be identified until the time an employee requests the leave. However, the City does reserve the right to to limit employees to one (1) designated person in a twelve (12) month period. H. "Serious Health Condition" means an illness, injury impairment, or physical or mental condition that involves: 1. Inpatient Care (i.e., an overnight stay) in a hospital, hospice, or residential medical care facility, including any period of incapacity (i.e., inability to work, or perform other regular daily activities due to the serious health condition, treatment involved, or recovery therefrom); or 2. Continuing treatment by a health care provider: A serious health condition involving continuing treatment by a health care provider as defined under federal and/or state law. I. "Health Care Provider" is defined pursuant to the FMLA and CFRA. II I. III. REASONS FOR LEAVE Leave is only permitted for the following reasons: 1. The birth of a child or to care for a newborn of an employee, the employee's domestic partner, or designated person; -26- 492 2. The placement of a child with an employee in connection with the adoption or foster care of a child by the employee or domestic partner; 3. Leave to care for a child of the employee, spouse, domestic partner, or designated person who has a serious health condition; 4. Leave because of a serious health condition that makes the employee unable to perform the functions of his/her position; or 5. Leave to care for a parent, spouse, domestic partner, or designated person who has a serious health condition. IV. EMPLOYEES ELIGIBLE FOR LEAVE - (Not applicable to PFCL) An employee is eligible for leave if the employee: 1. Has been employed for at least twelve (12) months; and 2. Has been employed for at least one thousand two hundred fifty (1,250) hours during the twelve (12) month period immediately preceding the commencement of the leave. V. AMOUNT OF LEAVE Eligible employees are entitled to a total of twelve (12) workweeks of leave during any twelve (12) month period. A female employee has a reasonable leave of absence of up to four (4) months whenever she becomes disabled as a result of pregnancy, childbirth, or related medical conditions. Four (4) months is the maximum allowed for pregnancy -related disability leave. A female employee who is physically and mentally capable of returning to work before the expiration of four months is not entitled to a full four (4) month leave of absence. Notwithstanding any leaves available under this policy, once an employee exhausts all federal and state leaves, and any accrued paid leaves, the employee may apply for an unpaid administrative leave of absence pursuant to Article 38 for successive periods of up to thirty (30) days each up to a maximum of one hundred eighty (180) consecutive days. The City has the discretion to either grant or deny any request for an unpaid administrative leave. Benefits shall not accrue during the term of an unpaid leave of absence nor does such time count as service time for step increases, seniority or other purposes. -27- 493 A. Minimum Duration of Leave If leave is requested for the birth, adoption, or foster care placement of a child of the employee or domestic partner, leave must be concluded within one (1) year of the birth or placement of the child. In addition, the basic minimum duration of such leave is two (2) weeks. However, an employee is entitled to leave for one of these purposes (e.g., bonding with a newborn) for at least one (1) day, but less than two (2) weeks duration on any two (2) occasions. If leave is requested to care for a child, parent, spouse, domestic partner or the employee him/herself with a serious health condition, there is no minimum amount of leave that must be taken. However, the notice and medical certification provisions of this policy must be complied with. B. Spouses Both Employed by the City In any case in which domestic partners or spouses are both employed by the City and both are entitled to leave, the aggregate number of workweeks of leave to which both may be entitled may be limited to twelve (12) workweeks during any twelve (12) month period if leave is taken for the birth or placement for adoption or foster care of the employees' child (i.e., bonding leave). This limitation does not apply to any other type of leave under this policy. VI. EMPLOYEE BENEFITS WHILE ON LEAVE Leave under this policy is unpaid. While on leave, employees will continue to be covered by the City's group health insurance to the same extent that coverage is provided while the employee is on the job. Employees may make the appropriate contributions for continued coverage by payroll deductions or direct payments made to these plans. Depending on the particular plan the City will inform employees whether the premiums should be paid to the carrier or to the City. An employee's coverage on a particular plan may be dropped if he/she is more than thirty (30) days late in making a premium payment. However, employees will receive a notice at least fifteen (15) days before coverage is to cease, advising that coverage will be dropped if the employee's premium payment is not paid by a certain date. Employee contribution rates are subject to any change in rates that occurs while the employee is on leave. If an employee fails to return to work after his/her leave entitlement has been exhausted or expires, the City shall have the right to recover its share of health plan premiums for the entire leave period, unless the employee does not return because of the continuation, recurrence, or onset of a serious health condition of the employee or his/her family member which would entitle the employee to leave, or because of circumstances beyond the employee's control. The City shall have the right to recover premiums through deduction from any sums due the City (e.g. unpaid wages, vacation pay, etc.). -28- 494 VII. SUBSTITUTION OF PAID ACCRUED LEAVES While on leave under this policy, as set forth herein, an employee may elect to concurrently use paid accrued leaves. Similarly, the City may require an employee to concurrently use paid accrued leaves after requesting FMLA/CFRA leave and Paid Family Leave, and may also require an employee to use FMLA leave concurrently with a non-FMLA/CFRA leave which is FMLA/CFRA- qualifying. A. Employer's Right to Require An Employee to Use Paid Accrued Leaves Concurrently With Family Leave Where an employee has earned or accrued paid vacation and/or administrative leave, that paid leave must be substituted for all or part of any (otherwise) unpaid leave under this policy. As for sick leave, an employee is entitled and may use sick leave concurrently with leave under this policy if: 1. The leave is for the employee's own serious health condition; or 2. The leave is needed to care for a parent, domestic partner, spouse,child, or designated person with a serious health condition, and would be permitted as sick leave under the City's sick leave policy. As for compensatory time, an employee may use compensatory time concurrently with leave under this policy. As a condition of an employee's initial receipt of family temporary disability insurance benefits during any twelve (12) month period in which an employee is eligible for these benefits, the City may require an employee to take up to two (2) weeks of earned but unused vacation leave prior to the employee's initial receipt of these benefits. If the City requires the employee to take vacation leave, that portion of the vacation leave that does not exceed one (1) week shall be applied to any applicable waiting period for receipt of family temporary disability insurance benefits. VIII. MEDICAL CERTIFICATION Employees who request leave for their own serious health condition or to care for a child, parent, domestic partner, or a spouse who has a serious health condition must provide written certification from the health care provider of the individual requiring care if requested by the City. If the leave is requested because of the employee's own serious health condition, the certification must include a statement that the employee is unable to perform the essential -29- 495 functions of his/her position. A. Time to Provide a Certification When an employee's leave is foreseeable and at least thirty (30) days' notice has been provided, if a medical certification is requested, the employee must provide it before the leave begins. When this is not possible, the employee must provide the requested certification to the City within the time frame requested by the City (which must allow at least fifteen (15) calendar days after the employer's request) unless it is not practicable under the particular circumstances to do so despite the employee's diligent, good faith efforts. B. Consequences for Failure to Provide an Adequate or Timely Certification If an employee provides an incomplete medical certification, the employee will be given a reasonable opportunity to cure any such deficiency. However, if an employee fails to provide medical certification within the time frame established by this policy, the City may delay the taking of FMLA/CFRA leave until the required certification is provided. C. Recertification If the City has reason to doubt the validity of a certification, the City may require a medical opinion of a second health care provider chosen and paid for by the City. If the second opinion is different from the first, the City may require the opinion of a third provider jointly approved by the City and the employee, but paid for by the City. The opinion of the third provider will be binding. An employee may request a copy of the health care provider's opinions when there is a recertification. D. Intermittent Leave or Leave on a Reduced Leave Schedule If an employee requests leave intermittently (a few days or hours at a time) or on a reduced leave schedule to care for an immediate family member with a serious health condition, or for pregnancy -disability leave, the employee must provide medical certification that such leave is medically necessary. "Medically necessary" means there must be a medical need for the leave and that the leave can best be accomplished through an intermittent or reduced leave schedule. IX. MEDICAL CERTIFICATION Although the City recognizes that emergencies arise which may require employees to request immediate leave, employees are required to give as much notice as possible of their need for leave. If leave is foreseeable, at least thirty (30) days' notice is required. In addition, if an employee knows that he/she will need leave in the future, but does not know the exact date(s) -30- 496 (e.g. for the birth of a child or to take care of a newborn), the employee shall inform his/her supervisor as soon as possible that such leave will be needed. If the City determines that an employee's notice is inadequate or the employee knew about the requested leave in advance of the request, the City may delay the granting of the leave until it can, in its discretion; adequately cover the position with a substitute. All notices required under this Policy must be submitted to the Employee's Department Head. X. REINSTATEMENT UPON RETURN FROM LEAVE A. Right to Reinstatement Upon expiration of leave, an employee is entitled to be reinstated to the position of employment held when the leave commenced, or to an equivalent position with equivalent employment benefits, pay, and other terms and conditions of employment. Employees have no greater rights to reinstatement, benefits and other conditions of employment than if the employee had been continuously employed during the FMLA/CFRA/Paid Family Leave period. If a definite date of reinstatement has been agreed upon at the beginning of the leave, the employee will be reinstated on the date agreed upon. lithe reinstatement date differs from the original agreement of the employee and City the employee will be reinstated within two (2) business days, where feasible, after the employee notifies the employer of his/her readiness to return. B. Employee's Obligation to Periodically Report on His/Her Condition Employees may be required to periodically report on their status and intent to return to work. This will avoid any delays to reinstatement when the employee is ready to return. C. Fitness for Duty Certification As a condition of reinstatement of an employee whose leave was due to the employee's own serious health condition, which made the employee unable to perform his/her job, the employee must obtain and present a fitness -for -duty certification from the health care provider that the employee is able to resume work. Failure to provide such certification will result in denial of reinstatement. ARTICLE 26 HOURS OF WORK The Fair Labor Standards Act workweek shall be defined as a continuous 7 -day period of 168 hours, commencing on Sunday, and ending on Saturday. All classified City employees shall work five (5) eight (8) hours shifts per week, Monday through Friday, except as designated by other Resolutions and Ordinances enacted by the City Council and by directives of the City Manager -31- 497 acting within the framework of said Resolutions and Ordinances. Employees covered by this MOU shall also be eligible to work a 4/10 compressed work week or flexible work schedule as mutually agreed between the employee and Department Head and approved by the City Manager or his/her designee. Resolution 76-86 provided that no part-time person, temporary help, or seasonal worker shall work more than thirty-five (35) hours in any week. ARTICLE 27 ATTENDANCE Employees shall be in attendance at their work in accordance with the rules regarding hours of work, holidays and leaves. If an employee is unable to report to work, the employee must notify his/her supervisor in accordance with departmental policy. Failure to do so may result in disciplinary action. Any employee who is unable to report to work must be approved for paid leave status, unless his/her accumulated paid leave time has been exhausted, or on approved leave of absence in accordance with Article 38. Failure on the part of an employee, absent without leave to return to duty within twenty-four (24) hours after notice to return, shall be deemed a resignation unless an acceptable reason is given. Such notice to return shall be sent by registered mail to the addressee only, return receipt requested, or by courier or telegram. It is the responsibility of the employee to notify the supervisor and the Human Resources Division of any change of address or telephone number. ARTICLE 28 GRIEVANCE AND DISCIPLINARY APPEAL PROCEDURE A "Grievance" shall be defined as a controversy between the City and the Group or an employee or employees covered by this MOU solely relating to alleged violations of written terms of this MOU. An appeal of a disciplinary action, including suspension, discharge for cause, demotion or disciplinary reduction in pay, shall initially be submitted at Step 3 and contain a succinct written statement of the basis of appeal within five (5) working days of the imposition of discipline. All written responses to a disciplinary appeal will specify reasons for the decision and inform the employee of the appeal procedure and applicability of Section 1094.6 of the Code of Civil Procedure limiting the time within which legal actions must be commenced. There shall be an earnest effort on the part of both parties to settle grievances promptly through the steps listed below. The employee may request the assistance of a representative of his own choosing in preparing and presenting a grievance. Either party to the grievance -may invite persons with relevant information to be present. For purposes of this procedure "working days" refers to Monday through Thursday, 7:00 AM to 6:00 PM and excludes weekends and holidays. Step 1: An employee's grievance must be orally discussed with the first line supervisor immediately in charge of the aggrieved employee within ten (10) working days after the event -32- 498 giving rise to the grievance, or ten (10) working days after the date that he/she should have been reasonably expected to have had knowledge of the grievance. The supervisor will give his/her answer to the employee by the end of the tenth (10th) working day following the presentation of the grievance and the giving of such answer will terminate Step 1. Step 2: If the grievance is not settled in Step 1 and the employee wishes to pursue it further, the grievance will be reduced to writing by the employee, fully stating the facts surrounding the grievance and/or detailing the specific provisions of this MOU alleged to have been violated, signed and dated by the employee and presented to the Department Head or, in his/her absence, his/her designee within ten (10) working days after termination of Step 1. Written discrimination allegations must contain a description of the purported discriminatory action and the specific basis which is defined by Federal or State law as discriminatory. A meeting with the employee, designated representative (if any) and Department Head, or in his/her absence, his/her designee, may be arranged at a mutually agreeable location and time to review and discuss the grievance. If scheduled, such meeting will take place within ten (10) working days from the date the grievance is received by the Department Head, or, in his/her absence his/her designee. The Department Head, or, in his/her absence his/her designee, will give a written reply by the end of the fifth (5th) work day following the date of the meeting, and the giving of such reply will terminate Step 2. Step 3: If the grievance is not settled at step 2, the employee may move the grievance to Step 3 by serving written notice upon the City Manager within ten (10) working days after receipt of the reply in step 2, or within ten (10) working days after the reply was due, requesting a meeting. Said meeting shall be scheduled within (10) working days after receipt of such request. The City Manager, or in his/her absence his/her designee, shall provide the employee with a written disposition of the grievance within ten (10) ten working days after the meeting. The City Manager's decision shall be final and binding, except in disciplinary and discrimination cases as specified below. Step 4: The employee may seek review by the Personnel Board of the City Manager's decision in grievance matters by submitting a written request to the Human Resources Division within ten (10) working days from the date of the answer in Step 3. The Personnel Board may grant an informal hearing and the Board's role in such matter is advisory only, except that in disciplinary and discrimination cases, the Board shall grant a hearing and the Board's decision shall be final and binding. If any employee has complied with the above steps and requested Personnel Board review in a disciplinary appeal or discrimination allegation, the Board shall hold a hearing within thirty (30) days of the request and take such action as it deems appropriate. It is agreed that neither party shall attempt to influence the Personnel Board prior to the hearing. Upon conclusion of any investigation or hearing, the Personnel Board shall, within ten (10) working days, notify the Human Resources Director in writing of its finding and -33- 499 recommendations. A copy of such finding shall also be transmitted to the affected employee. All costs of representation resulting from the process shall be borne by the party incurring them. No employee shall use City time, staff or materials in the pursuit of a grievance or in response to a proposed or effected disciplinary action, unless he or she has obtained prior specific authorization to do so. A grievance or other appeal which is not brought forward within the time limit provided within each of the sections of this article shall be deemed to have been waived and settled, unless such time limit is expressly extended by mutual agreement. Time limits as set forth above may be extended by a mutual agreement between the parties, but neither party shall be required to do so. Probationary and part-time employees are excluded from the provisions of this article. ARTICLE 29 BEREAVEMENT LEAVE In the event of a death in the employee's immediate family, the Department Head or City Manager may grant a four (4) day bereavement leave with pay. "Immediate family" is defined as mother, father or grandparents of employee or mate; mate; domestic partner, brother, sister, children or grandchildren of employees. Bereavement leave shall not be granted for more than five (5) separate occurrences each fiscal year. ARTICLE 30 JURY DUTY The City shall compensate a full-time employee who has been called for jury duty. Compensation shall be at the employee's regular hourly rate pay. The employee shall remit to the City the amount paid by the courts minus any mileage reimbursement. Service on a grand jury is specifically excluded from this Article. ARTICLE 31 SERVICE DISABILITY Under the provisions of the Worker's Compensation Insurance and Safety Act of California, employees are compensated for injuries sustained in the course of employment, rendering them unable to perform their duties. The City of Lynwood provides full salary continuance for thirty (30) calendar days to an employee who is disabled by injury or illness arising out of and in the course of his/her duties. Time off work due to an on-the-job injury is not deductible from accumulated sick leave for the period not to exceed thirty (30) calendar days. However, the salary continuation may be extended in two (2) separate fifteen (15) calendar day extensions -34- 500 with the approval of the City Manager. This equates to up to 60 days in total: the initial 30 days and another 30 days in two 15 -day increments upon the approval of the City Manager. Thereafter, compensation shall be only as provided in the Worker's Compensation and Safety Act. Temporary and part-time employees are excluded from the provisions of this Article relating to salary continuance. ARTICLE 32 NO STRIKE A. Prohibited Conduct Section 1. The Group, its officers, agents, representative and/or members agree that during the term of this MOU they will not cause or condone any strike, walkout, slowdown, sick out, or any other job action by withholding or refusing to perform services. Section 2. Any employee who participates in any conduct prohibited in Section 1 above, shall be subject to termination by the City. Section 3. In addition to any other lawful remedies or disciplinary action available to the City if the Group fails, in good faith, to perform all responsibilities listed below in B, Section 1, the City may suspend any and all of the rights, privileges, accorded to the Group under the Employee Relations Resolution in this MOU including, but not limited to, right of access, check -off, the use of the City bulletin boards and facilities. B. Group Responsibility Section 1. In the event that the Group, its officers, agents, representatives, or members engage in any of the conduct prohibited in A, Section 1, above, the Group shall immediately instruct any persons engaging in such conduct that their conduct is in violation of this MOU and unlawful and they must immediately cease engaging in conduct prohibited in A and return to work. Section 2. If the Group performs all of the responsibilities set forth in Section 1 above, its officers, agents, representatives shall not be liable for damages for prohibited conduct performed by employees who are covered by this MOU in violation of Section 1 above. ARTICLE 33 FULL FAITH AND CREDIT CLAUSE For purposes of administering the term and provisions of the various ordinances, resolution, rules, and regulations which may be adopted by the City pursuant to this MOU, all resolutions of the City Council, and all existing matters resolved regarding wages, hours, fringe benefits and -35- 501 other terms and conditions of employment prior to Myers-Milias-Brown Act in 1968, will remain unchanged and unaltered except where expressly changed or altered in this MOU. It is agreed that Management employees retain all benefits previously accrued as miscellaneous employees. ARTICLE 34 SAVINGS CLAUSE Any resolution of the City incorporating any provisions of this MOU shall provide that if any provision of this MOU or of such resolution of any kind is at any time or in any way held to be contrary to any law by any Court of proper jurisdiction, the remainder of this MOU and the remainder of such resolution shall not be affected thereby and shall remain in full force and effect. ARTICLE 35 AUTHORIZED AGENTS For the purpose of administering the provisions of this MOU: A. The City's principal authorized agent shall be the City Manager or his/her duly authorized representative (address: 11330 Bullis Road, Lynwood, CA 90262; telephone: 310-603- 0220), except where a particular Management representative is specifically designed in connection with the performance of a specific function or obligation set forth herein. B. The Group's principal authorized agent shall be the Group's President or his/her duly authorized representative (address: 11330 Bullis Road, Lynwood, CA 90262; telephone 310-603-0220). ARTICLE 36 LAYOFF A) Subject to the express limitation set forth below, the City may separate any employee or class of positions without prejudice, because of the financial or economic condition of the City, reduction of work, or the necessity for the position or employment no longer exists. The City shall give such employee not less than thirty (30) days advance notice of separation and the reason therefore. However, no permanent full-time employee shall be separated while emergency, seasonal, probationary, part-time, or temporary employees are employed into the same positions according to the needs of the service as determined by the City. For the term of the Agreement, the City agrees that it will not layoff any LEMG members for the sole purpose of achieving cost savings. The conditions of layoff shall be as follows: 1. PROMOTIONAL EXAMINATIONS. For purposes of layoff, all promotional -36- 502 opportunities will be conducted prior to layoffs proceeding 2. ORDER OF SEPARATION. The principal criterion used in determining the order of separation and bumping rights shall be seniority based on the total years of continuous full-time service and any prior part-time service as calculated on a pro - rata basis with the City provided the employee presently possesses the skill, ability and qualifications to perform the job. Layoffs shall be in the reverse order as hired. That is, the employee in the affected job class with the least total City service shall be laid off first. Whenever seniority is equal, the following criteria shall be applied in the indicated order: • Ranking on eligibility list; • Performance Evaluations; • Drawing of lots 3. BUMPING RIGHTS. Any full-time employee who has been given notice of layoff may displace another employee in the same job class with less seniority in the same job class, or bump to another class in which they formerly held a permanent appointment and there is an employee with less seniority. It is understood that an employee seeking to bump into a lower class shall first occupy any vacant position before displacing an existing employee. After the City has notified the affected employee of the layoff and the position available to the employee, if any, to bump, he/she must notify the Personnel Officer of his/her intent to exercise the bumping rights within ten (10) calendar days of the position in the City which they intend to bump, or the bumping rights shall be barred and waived to the employee. The employee with the least seniority shall be displaced by the person who is laid off. The employee displaced shall be considered as laid off for the same reason as the person who displaced him/her and shall in the same manner be eligible to bump to a position within City in which he/she formally held a permanent position. 4. APPOINTMENT OF LAID -OFF EMPLOYEES TO LOWER CLASS. Any employee in a represented job class who is scheduled to be laid off due to lack of work, lack or funds, of elimination of position, may, not later than ten (10) calendar days after notice of layoff, request to displace ("bump") an employee in a lower job class within the job series provided the laid off employee has greater overall City service seniority than the employee in the lower job class and is qualified by education and/or experience for such a position. If there is more than one employee who is qualified for such appointment(s) the "bump" shall be based on seniority with the employee -37- 503 with the highest seniority offered the position first, then the next highest, etc. The City Manager shall approve the appointment of an employee who is to be laid off to a lower class which the employee is qualified without requiring an examination within the job series. An employee who has not previously served in the lower class may be required to successfully complete the probationary period for the class. If the employee(s) have the same seniority, then the procedure for breaking ties set forth in this article shall apply. The employee displaced as a result of being "bumped" shall be considered as laid off for the same reasons as the person originally displaced and the same displacement rights shall be afforded. 5. SALARY PLACEMENT. An employee(s) who accept an appointment to a lower job class as a result of a layoff and/or a displacement ("bump") shall be placed at the step of the salary range which most closely corresponds to, but in no case exceeds, the salary step of the previously held position. B) With respect to Section A above, both the City of Lynwood and the Lynwood Employees Management Group agree to reopen the Memorandum of Understanding during the term of the of the contract to discuss the addition of re-employment rights language to the MOU. Any changes would require mutual agreement between both parties. ARTICLE 37 LEAVE OF ABSENCE A permanent classified employee may be granted an unpaid leave of absence of up to thirty (30) days for medical, personal, and other reasons. Extensions on other leave requests may also be granted for successive periods of up to thirty (30) days each up to a maximum of ninety (90) consecutive days unless otherwise approved by the City Council. Benefits shall not accrue during the term of an unpaid leave of absence, nor does such time count as service time for step increase, seniority, or other purposes. Available compensatory time off and vacation leave shall be used prior to the commencement of a leave of absence. The City Manager may approve up to thirty (30) days unpaid leave for personal leave requests. All other requests for leaves of absence must be submitted in writing and be approved by the City Council. Military leave shall be granted as mandated by Federal and State law (See Article 24). Pregnancy leave shall be governed by the Family Care and Medical Leave Policy (See Article 25). Upon expiration of an approved unpaid leave of absence, the employee shall be reinstated in the position held at the time leave was granted. Failure on the part of an employee on leave to -38- 504 report promptly at the expiration of such leave shall be cause for discharge. ARTICLE 38 FULL UNDERSTANDING. MODIFICATIONS WAIVER A. This MOU sets forth the full and entire understanding of the parties regarding the matters set forth herein, and any other prior or existing understanding or agreements by the parties, whether formal or informal regarding any such matters are hereby superseded or terminated in their entirety. B. Except as specifically provided herein, it is agreed and understood that each party hereto voluntarily and unqualifiedly waives its right and agrees that the other shall not be required to negotiate with respect to any other matters within the scope of negotiations during the term of this MOU. C. No agreement, alteration, understanding, variation, waiver, or modification of any of the terms or provisions contained herein shall in any manner se binding upon the parties hereto unless made and executed writing by all parties hereto and, if required, approved and implemented by the City Council. D. The waiver of any breach, term or condition of this MOU by either party shall not constitute a precedent in the future enforcement of all its terms and provisions. ARTICLE 39 RENEGOTIATION The parties shall use their best efforts to submit new proposals for a successor MOU by March 15, 2027 and make every effort to begin negotiations by April 1, 2027. ARTICLE 40 TERM This MOU is to cover said employees for the period from July 1, 2023 through June 30, 2027, effective upon adoption by City Council. -39- 505 In witness whereof, the parties hereto have caused their duly authorized representatives to execute this Memorandum of Understanding on: City: Lynwood Employee Management Group: By: By: City Manager LEMG, President Dated: November , 2023 Dated: November , 2023 By: By: Director of HR/Risk Management LEMG, Vice President Dated: November , 2023 Dated: November , 2023 By: By: City Attorney LEMG, Secretary Dated: November , 2023 Dated: November , 2023 By: LEMG, Treasurer Dated: November , 2023 -40- 506 41 LEMG MOU FY 2021-2023 507 EXHIBIT B SIDE LETTER AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) (Reinstatement for Current Recreation Facility & Program Supervisor, into Former Position/Classification as Recreation Superintendent II) Whereas, the City and LEMG have held several negotiations meetings in good faith dating back to June of 2023 and reached tentative agreement on a variety of matters concerning the Memorandum of Understanding (MOU); and Whereas, the City and LEMG had discussions specific to the Recreation Facility & Program Supervisor, to reinstate the employee who currently occupies the position to her previous position as a Recreation Superintendent II; and Whereas, the current Recreation Facility & Program Supervisor was laid -off from her previous position as a Recreation Superintendent II in March of 2021 and subsequently asserted her bumping rights into her current position/classification as a Recreation Facility & Program Supervisor due to the negative impacts stemming from the COVID-19 pandemic; and Whereas, both the City and LEMG reached agreement to reinstate the Recreation Facility & Program Supervisor into her into her previous position as a Recreation Superintendent II effective January 1, 2024, subject to completion of a Position Classification Questionnaire and subsequent Meet and Confer with the LEMG on potential changes to the job classification specification; Now, therefore, having met and conferred in good faith, the City and LEMG agree to modify the status quo terms of the City's Memorandum of Understanding as follows: Effective January 1, 2024, the Recreation Facility & Program Supervisor shall be reinstated into her previous position/classification as a Recreation Superintendent II, upon completion of a Position Classification Questionnaire that will allow the City to evaluate her duties and responsibilities as a Recreation Superintendent II, prior to her reinstatement. The City observes the right to a Meet and Confer meeting with the LEMG concerning any recommended changes to the Recreation Superintendent II job classification specification, based on the review of the completed Position Classification Questionnaire, prior to the current Recreation Facility & Program Supervisor's reinstatement to the Recreation Superintendent II on January 1, 2024 508 City: Lynwood Employee Management Group: By: By: City Manager LEMG, President Dated: November , 2023 Dated: November , 2023 By: By: Director of HR/Risk Management LEMG, Vice President Dated: November , 2023 Dated: November , 2023 By: By: City Attorney LEMG, Secretary Dated: November , 2023 Dated: November , 2023 By: LEMG, Treasurer Dated: November , 2023 509 Agenda Item # 10.14. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Patrick Matson, Director of Human Resources and Risk Management SUBJECT: A RESOLUTION OF THE CITY COUNCIL AND THE CITY OF LYNWOOD AMENDING AND UPDATING THE CITY'S CLASSIFICATION/COMPENSATION PLAN UPON APPROVAL OF THE PROPOSED MEMORANDUM OF UNDERSTANDINGS (MOU) BETWEEN THE CITY OF LYNWOOD, THE LYNWOOD EMPLOYEE'S MANAGEMENT GROUP (LEMG), AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES (AFSCME), LOCAL 1920, IN ACCORDANCE WITH THE CITY'S PERSONNEL RULES AND REGULATIONS Recommendation: Staff recommends that the City Council adopt the attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL AND THE CITY OF LYNWOOD AMENDING AND UPDATING THE CITY'S CLASSIFICATION/COMPENSATION PLAN UPON APPROVAL OF THE PROPOSED MEMORANDUM OF UNDERSTANDINGS (MOU) BETWEEN THE CITY OF LYNWOOD, THE LYNWOOD EMPLOYEE'S MANAGEMENT GROUP (LEMG), AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES (AFSCME), LOCAL 1920, IN ACCORDANCE WITH THE CITY'S PERSONNEL RULES AND REGULATIONS" Background: Per the City's Rules and Regulations, any amendment to the City's Classification/Compensation Plan, including its Salary Schedule, requires City Council City Council City Council Regular Meeting 510 approval in the form of a resolution. Discussion and Analysis: In order to implement the economic provisions within the proposed MOU's between the City and both of its bargaining units, the Lynwood Employees' Management Group (LEMG) and The Lynwood Employees' Association (LEA)/American Federation of State, County and Municipal Employees (AFSCME), Local 1920, an amendment to the City's Classification/Compensation Plan is required by way of resolution. In addition to implementing the economic provisions of the two (2) proposed MOU's, staff is also proposing an amendment to the City's Salary Schedule (Exhibit A) to include two (2) new classifications, the Communications Specialist and Water Compliance Specialist, that were previously agreed to with the LEA earlier this year and subsequently approved by the Personnel Board. Both classifications have been added to the proposed Salary Schedule for consideration and approval. Assuming this resolution is approved by the City Council, the appropriate Human Resources and Finance staff will administer the economic provisions of the proposed MOU's, assuming both MOU's have been previously approved by the City Council, also by way of resolution. Fiscal Impact: The estimated costs for the proposed MOU and Side Letter Agreements with both the LEA and LEMG is approximately $3.8 million dollars and may increase if an additional Non- PERSable bonus is agreed to with both units in year 3 of the contract. The Non-PERSable bonuses will be funded by unrestricted ARPA funds while the remainder will be funded by the City's General Fund. Coordinated With: City Manager ATTACHMENTS: Description a Reso Updating Salary Schedule for Both LEMG and LEA After Negotiations.pdf City Council City Council Regular Meeting 511 D Exhibit A - LEA Proposed Salary Schedule Retro to July 1, 2023.pdf City Council City Council Regular Meeting 512 RESOLUTION NO. [XX] A RESOLUTION OF THE CITY COUNCIL AND THE CITY OF LYNWOOD AMENDING THE CITY'S CLASSIFICATION/COMPENSATION PLAN (SALARY SCHEDULE) APPROVAL OF NEW MEMORANDUMS OF UNDERSTANDING (MOU) BETWEEN THE CITY OF LYNWOOD, THE LYNWOOD EMPLOYEES' MANAGEMENT GROUP (LEMG) AND THE LYNWOOD EMPLOYEES' ASSOCIATION (LEA)/AMERICAN FEDERATION OF STATE, COUNTY AND MUNICPAL EMPLOYEES (AFSCME), LOCAL 1920 WHEREAS, the City of Lynwood is a General Law City under California law and is governed by and elected City Council; and WHEREAS, the City Council of the City of Lynwood has adopted an Employee Classification and Position Plan and on occasion amends the plan as needed; and WHEREAS, the City Council of the City of Lynwood has adopted a salary resolution with salary schedules for Management and General Unit employees; and WHEREAS, negotiations between the City of Lynwood, The Lynwood Employees' Management Group (LEMG) and The Lynwood Employees' Association ("LEA")/American Federation of State, County and Municipal Employees (AFSCME), Local 1920 took place and agreements with both bargaining groups were reached resulting in new Memorandum of Understandings for each respective bargaining unit requiring an amendment to the City's Classification/Compensation Plan (Salary Schedule, Exhibit A); and WHEREAS, the City and the Lynwood Employees' Association ("LEA")/American Federation of State, County and Municipal Employees (AFSCME), Local 1920 previously reached agreement on the addition of two (2) new classifications, the Communications Specialist and Water Compliance Specialist, requiring an amendment to the City's Classification/Compensation Plan (Salary Schedule, Exhibit A) NOW, THEREFORE, THE LYNWOOD CITY COUNCIL DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: Section 1. Amend the Employees Classification/Compensation Plan (Salary Schedule, Exhibit A) to update the salaries/hourly wages for the employees in both bargaining units as a result of the negotiations process and subsequent proposed Memorandum of Understandings for each bargaining unit. Section 2. Amend the Employees Classification/Compensation Plan (Salary Schedule, Exhibit A) to include the addition of the Communications Specialist and Water Compliance Specialist classifications. 513 PASSED, APPROVED and ADOPTED this 7th day of November, 2023 Oscar Flores MAYOR ATTEST: Maria Quinonez CITY CLERK APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia Patrick Matson CITY ATTORNEY DIR. OF HUMAN RESOURCES 514 Exhibit A CITY OF LYNWOOD CLASSIFICATION & COMPENSATION SCHEDULE Biweekly and Monthly Salaries & MOU-Related Pay Adopted on November 7, 2023, Retroactive to July 1, 2023; (Reso No. 2023.XXX) ELECTED OFFICIALS UNIT JOB TITLE CURRENT Councilmember 975.00 E City Clerk 1,000.00 E City Treasurer 1,000.00 CITY MANAGEMENT: At -Will Contract Employees 1� IIILTIT _ ' A City Manager* DOQ EVAW Assistant City Manager DOQ DEPARTMENT DIRECTOR: Executive Management At -Will Employees (Under Reso No. 2021.105) C D E Ex/AW Director of Community Development Annual Salary 163,354.44 171,522.18 180,098.29 189,103.21 198,558.38 Monthly Salary 13,612.87 14,293.52 15,008.19 15,758.61 16,546.53 Directorof •n 1.57 160,388.10 168,407.51 176,827.90 185,669.29 Salary 12,729.21 13,365.68 14,033.96 14,735.66 15,472.44 Director Monthly of n.gu it Annual Salary 152,750.57 •1 :: 1 168,407.51 176,827.90 185,669.29 Monthly Salary 12,729.21 13,365.68 14,033.96 14,735.66 15,472.44 Ex/AW Director of Public Works Annual Salary 163,354.44 171,522.18 180,098.29 :• 1 ' : ,558.38 Monthly Salary 13,612.87 14,293.52 15,008.19 15,758.61 I • Ex/AW Director of Recreation & Community Services Annual Sala ry 1 1 160,388.10 .: • 1 • • • Monthly Salary • : 14,033.96 14,735.66 15,472.44 Ex/AW Director of Technology Services Annual Salary 1 1 1 169,388.42 Monthly Salary • ' ' 515 DEPARTMENT DIRECTORS: Executive Management At -Will Contract Employees (Pre Date Reso No. 2021.105) �Ex,/AW Director of Recreation & Community Services* DOQ 0 Ex/AW Director of Technology Services* DOQ MANAGEMENT CIVIL SERVICE EMPLOYEES Liiiiiis SID III ORTEP A B C E M. Accounting/Auditing Supervisor M-54 I 3,027.47 I 3,175.98 I 3,369.65 3,554.98 3,750.50 6,559.51 6,881.28 7,300.90 7,702.45 8,126.09 M. Accountant M-55 3,059.26 3,209.32 3,405.03 3,592.30 3,789.88 6,628.39 6,953.53 7,377.56 7,783.32 8,211.41 M. Administrative Analyst II M-50 2,775.00 2,913.75 3,059.44 3,212.41 3,373.03 6,012.51 6,313.13 6,628.79 6,960.23 7,308.24 M Administrative Analyst III M-56 3,233.85 3,396.85 3,564.37 3,748.21 3,938.39 7,006.67 7,359.84 7,722.81 8,121.12 8,533.18 Exempt Assistant to the City Manager M-65 4,000.94 4,176.91 4,361.67 4,555.67 4,759.37 8,668.70 9,049.96 9,450.29 9,870.62 10,311.97 M Billing & Collections Supervisor M-54 3,027.47 3,175.98 3,369.65 3,554.98 3,750.50 6,559.51 6,881.28 7,300.90 7,702.45 8,126.09 M Building Official M-70 4,796.16 5,039.57 5,291.57 5,555.89 5,832.79 10,391.68 10,919.07 11,465.06 12,037.76 12,637.72 M Associate Engineer M-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 M Deputy Dir. of Admin. Services M-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 M Deputy Dir. of Public Works M-71 5,721.70 5,893.35 6,070.15 6,252.25 6,439.82 12,397.01 12,768.92 13,151.98 13,546.54 13,952.94 M Deputy Dir. of Rec and Comm Services M-70 4,796.16 5,039.57 5,291.57 5,555.89 5,832.79 10,391.68 10,919.07 11,465.06 12,037.76 12,637.72 M Electrical Maintenance Supervisor M-45 2,469.53 2,592.69 2,723.10 2,861.66 3,004.73 5,350.65 5,617.50 5,900.05 6,200.26 6,510.24 M Deputy City Clerk M-52 2,932.27 3,078.07 3,233.84 3,396.85 3,564.37 6,353.26 6,669.15 7,006.66 7,359.84 7,722.80 516 M. Deputy City Treasurer M-52 2,932.27 3,078.07 3,233.84 3,396.85 3,564.37 6,353.26 6,669.15 7,006.66 7,359.84 7,722.80 M/Conf. Human Resources & Risk Analyst M-52 2,932.27 3,078.07 3,233.84 3,396.85 3,564.37 6,353.26 6,669.15 7,006.66 7,359.84 7,722.80 M Planning Associate M-56 3,233.84 3,396.85 3,564.38 3,748.21 3,938.39 7,006.66 7,359.84 7,722.82 8,121.12 8,533.17 M Planning Manager M-69 4,554.84 4,816.74 5,093.70 5,386.59 5,696.32 9,868.81 10,436.27 11,036.36 11,670.95 12,342.03 M Principal Accountant M-65 4,000.94 4,176.91 4,361.67 4,555.67 4,759.37 8,668.70 9,049.96 9,450.29 9,870.62 10,311.97 M Principal Planner M-67 4,241.76 4,368.12 4,590.08 4,820.01 5,110.73 9,190.47 9,464.25 9,945.18 10,443.36 11,073.25 M Public Safety Manager M-65 4,000.94 4,176.91 4,361.67 4,555.67 4,759.37 8,668.70 9,049.96 9,450.29 9,870.62 10,311.97 M Public Works Operations Manager M-69 4,554.84 4,816.74 5,093.70 5,386.59 5,696.32 9,868.81 10,436.27 11,036.36 11,670.95 12,342.03 M Public Works Operations Supervisor M-56 3,233.84 3,396.85 3,564.38 3,748.21 3,938.39 7,006.66 7,359.84 7,722.82 8,121.12 8,533.17 M Public Works Special Projects Mgr M-71 5,721.70 5,893.35 6,070.15 6,252.25 6,439.82 12,397.01 12,768.92 13,151.98 13,546.54 13,952.94 M Recreation Facility & Program Supervisor M-50 2,775.00 2,913.75 3,059.44 3,212.41 3,373.03 6,012.51 6,313.13 6,628.79 6,960.23 7,308.24 M Recreation Superintendent II M-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 M. Senior Accountant M-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 M/Conf. Senior Human Resources & Risk Analyst M-65 4,000.94 4,176.91 4,361.67 4,555.67 4,759.37 8,668.70 9,049.96 9,450.29 9,870.62 10,311.97 M/Conf. Senior Management Analyst M-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 M Senior Planner M-65 4,000.94 4,176.91 4,361.67 4,555.67 4,759.37 8,668.70 9,049.96 9,450.29 9,870.62 10,311.97 M Senior Project Manager M-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 517 M Senior Public Works Manager M-56 3,233.84 3,396.85 3,564.38 3,748.21 3,938.39 7,006.66 7,359.84 7,722.82 8,121.12 8,533.17 M System Analyst M-56 3,233.84 3,396.85 3,564.38 3,748.21 3,938.39 7,006.66 7,359.84 7,722.82 8,121.12 8,533.17 M Water Operations Supervisor M-56 3,233.84 3,396.85 3,564.38 3,748.21 3,938.39 7,006.66 7,359.84 7,722.82 8,121.12 8,533.17 CIVIL SERVICE EMPLOYEES - Leads & General Staff [ D STEP A STEP B STEP C STEP D STEP E L G Account Clerk G-31 1,764.72 1,853.04 1,945.93 2,042.44 2,144.43 3,823.56 4,014.93 4,216.18 4,425.28 4,646.27 G Accounting Technician G-38 2,080.69 2,184.72 2,293.96 2,408.65 2,529.08 4,508.16 4,733.55 4,970.24 5,218.75 5,479.67 G Administrative Assistant G-41 2,251.88 2,364.79 2,483.15 2,606.99 2,738.13 4,879.08 5,123.71 5,380.16 5,648.48 5,932.63 G Assistant Administrative Analyst G-43 2,364.79 2,483.15 2,606.99 2,738.13 2,877.46 5,123.71 5,380.17 5,648.49 5,932.62 6,234.51 G Assistant to the City Clerk G-38 2,080.69 2,184.72 2,293.96 2,408.65 2,529.08 4,508.16 4,733.55 4,970.24 5,218.75 5,479.67 G Assistant Engineer G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 G Building Inspector G-55 2,932.27 3,078.07 3,233.85 3,396.85 3,564.37 6,353.26 6,669.15 7,006.67 7,359.84 7,722.80 G Building Maintenance Lead Worker G-43 2,364.79 2,483.15 2,606.99 2,738.13 2,877.46 5,123.71 5,380.17 5,648.49 5,932.62 6,234.51 G Building Maintenance Worker G-38 2,080.69 2,184.72 2,293.96 2,408.65 2,529.08 4,508.16 4,733.55 4,970.24 5,218.75 5,479.67 G Business License Officer G-36 1,993.26 2,092.53 2,197.23 2,307.42 2,423.07 4,318.74 4,533.81 4,760.67 4,999.40 5,249.99 G Business License Technician G-38 2,080.69 2,184.72 2,293.96 2,408.65 2,529.08 4,508.16 4,733.55 4,970.24 5,218.75 5,479.67 G Communications Specialist G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 G Custodian G-29 1,680.94 1,764.72 1,853.05 1,945.93 2,042.44 3,642.03 3,823.55 4,014.93 4,216.18 4,425.28 518 G Electrical Maintenance Worker G-42 2,299.24 2,431.44 2,571.25 2,719.10 2,875.45 4,981.68 5,268.12 5,571.04 5,891.38 6,230.14 G Executive Assistant to Community Development G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 G Executive Assistant G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 G/Conf. Human Resources & Risk Technician G-38 2,080.69 2,184.72 2,293.96 2,408.65 2,529.08 4,508.16 4,733.55 4,970.24 5,218.75 5,479.67 G/Conf. Human Resources & Risk Specialist G-45 2,507.99 2,633.06 2,765.51 2,906.23 3,051.53 5,433.97 5,704.96 5,991.94 6,296.82 6,611.64 G Garage/Fleet Coordinator G-34 1,898.44 1,993.37 2,093.03 2,197.68 2,307.57 4,113.29 4,318.96 4,534.90 4,761.65 4,999.75 G Information System Assistant G-37 2,042.44 2,144.44 2,251.88 2,364.78 2,483.16 4,425.28 4,646.28 4,879.07 5,123.69 5,380.19 G Information System Technician G-41 2,251.88 2,364.79 2,483.15 2,606.99 2,738.13 4,879.08 5,123.71 5,380.16 5,648.48 5,932.63 G Laborer G-24 1,486.99 1,561.66 1,639.96 1,721.93 1,808.43 3,221.80 3,383.60 3,553.25 3,730.85 3,918.26 G Lead Custodian G-37 2,042.44 2,144.44 2,251.88 2,364.78 2,483.16 4,425.28 4,646.28 4,879.07 5,123.69 5,380.19 G Lead Public Safety Officer G-54 2,758.78 2,896.37 3,042.06 3,196.85 3,356.68 5,977.37 6,275.46 6,591.14 6,926.50 7,272.81 G Maintenance Worker G-37 2,042.44 2,144.44 2,251.88 2,364.78 2,483.16 4,425.28 4,646.28 4,879.07 5,123.69 5,380.19 G Media Specialist G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 G Office Assistant I G-12 1,109.09 1,164.63 1,222.92 1,283.92 1,348.58 2,403.02 2,523.37 2,649.66 2,781.83 2,921.93 G Office Assistant II G-24 1,486.99 1,561.66 1,639.96 1,721.93 1,808.43 3,221.80 3,383.60 3,553.25 3,730.85 3,918.26 G Park Maintenance Lead Worker G-43 2,364.79 2,483.15 2,606.99 2,738.13 2,877.46 5,123.71 5,380.17 5,648.49 5,932.62 6,234.51 G/Conf. Payroll Specialist G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 519 G Permit Technician G-39 2,144.43 2,251.88 2,364.79 2,483.15 2,606.99 4,646.27 4,879.07 5,123.71 5,380.17 5,648.48 G Public Safety Officer G-45 2,507.99 2,633.06 2,765.51 2,906.23 3,051.53 5,433.97 5,704.96 5,991.94 6,296.82 6,611.64 G Public Works Operations Coordinator G-34 1,898.44 1,993.37 2,093.03 2,197.68 2,307.57 4,113.29 4,318.96 4,534.90 4,761.65 4,999.75 G Public Works Inspector G-57 2,986.62 3,135.95 3,292.75 3,457.39 3,630.26 6,471.01 6,794.56 7,134.29 7,491.01 7,865.56 G Public Works Technician G-38 2,080.69 2,184.72 2,293.96 2,408.65 2,529.08 4,508.16 4,733.55 4,970.24 5,218.75 5,479.67 G Recreation Coordinator G-39 2,144.43 2,251.88 2,364.79 2,483.15 2,606.99 4,646.27 4,879.07 5,123.71 5,380.17 5,648.48 G Recreation Specialist G-23 1,451.47 1,524.32 1,600.81 1,680.93 1,764.72 3,144.84 3,302.70 3,468.41 3,642.01 3,823.56 G Right -Of-Way Maintenance Lead Worker G-43 2,364.79 2,483.15 2,606.99 2,738.13 2,877.46 5,123.71 5,380.17 5,648.49 5,932.62 6,234.51 G Senior Accounting Technician G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 5,617.50 5,900.06 6,200.25 6,510.24 6,832.07 G Senior Administrative Assistant G-44 2,423.07 2,568.88 2,671.65 2,807.33 2,948.47 5,249.98 5,565.90 5,788.57 6,082.55 6,388.35 G Sr. Building Inspector/Asst. Building Official G-61 3,519.31 3,695.28 3,880.04 4,074.04 4,277.74 7,625.17 8,006.43 8,406.76 8,827.09 9,268.44 G Senior Information Systems Technician G-44 2,423.07 2,568.88 2,671.65 2,807.33 2,948.47 5,249.98 5,565.90 5,788.57 6,082.55 6,388.35 G Senior Lifeguard G-23 1,451.47 1,524.32 1,600.81 1,680.93 1,764.72 3,144.84 3,302.70 3,468.41 3,642.01 3,823.56 G Senior Street Maintenance Worker G-39 2,144.43 2,251.88 2,364.79 2,483.15 2,606.99 4,646.27 4,879.07 5,123.71 5,380.17 5,648.48 G Street Maintenance Lead Worker G-43 2,364.79 2,483.15 2,606.99 2,738.13 2,877.46 5,123.71 5,380.17 5,648.49 5,932.62 6,234.51 G Street Maintenance Worker G-37 2,042.44 2,144.44 2,251.88 2,364.78 2,483.16 4,425.28 4,646.28 4,879.07 5,123.68 5,380.19 G Water Compliance Specialist G-45 2,507.99 2,633.06 2,765.51 2,906.23 3,051.53 5,433.97 5,704.96 5,991.94 6,296.82 6,611.64 520 G Water Quality Specialist G-44 2,423.07 2,568.88 2,671.65 2,807.33 2,948.47 5,249.98 5,565.90 5,788.57 6,082.55 6,388.35 G Water Service/Wastewater Lead Worker G-58 3,110.78 3,258.00 3,413.88 3,579.51 3,750.53 6,740.02 7,058.99 7,396.75 7,755.60 8,126.15 G Water Service/Wastewater Worker I G-40 2,237.11 2,344.56 2,457.47 2,575.83 2,699.67 4,847.08 5,079.88 5,324.52 5,580.98 5,849.29 G Water Service/Wastewater Worker II G-45 2,507.99 2,633.06 2,765.51 2,906.23 3,051.53 5,433.97 5,704.96 5,991.94 6,296.82 6,611.64 G Water Service/Wastewater Worker III G-47 2,683.55 2,817.38 2,959.09 3,109.66 3,265.14 5,814.35 6,104.31 6,411.37 6,737.60 7,074.46 HOURLY NON -CIVIL SERVICE - Part -Time, Temporary & Seasonal Staff L P A STEP B STEP C STEP D STEP E 1 1- o; G Information Systems Technician 28.18 29.32 30.51 31.77 33.07 G G Public Safety Officer 25.08 26.33 27.65 29.03 30.48 Maintenance Worker 20.42 21.45 22.52 23.64 24.83 G Senior Lifeguard 18.20 19.11 20.02 21.02 22.02 G Recreation Leader III 18.20 20.02 22.02 N/A N/A G Office Assistant II 17.66 18.54 19.47 20.44 21.46 G Lifeguard 16.58 17.41 18.24 19.15 20.06 G Recreation Leader II 16.58 18.24 20.06 N/A N/A G Recreation Leader I 16.23 17.86 19.64 N/A N/A G Laborer (PW) 16.12 16.93 17.77 18.66 19.59 G Laborer (Recreation Facilites) 16.12 16.93 17.77 18.66 19.59 G Administrative Intern 16.12 16.93 17.77 18.66 19.59 MONTHLY ELECTRONIC MEDIA ALLOWANCES Department Directors $125.00 Division Managers $90.00 Field & Other Personnel $60.00 521 Agenda Item # 10.15. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Noel Tapia, City Attorney PREPARED BY: Noel Tapia, City Attorney SUBJECT: APPROVING THE SECOND AMENDED AND RESTATED EMPLOYMENT SERVICES AGREEMENT FOR THE POSITION OF CITY MANAGER Recommendation: Staff recommends that the City Council of the City of Lynwood approve: "A RESOLUTION OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, APPROVING THE SECOND AMENDED AND RESTATED EMPLOYMENT SERVICES AGREEMENT FOR THE POSITION OF CITY MANAGER." Background: City Manager Ernie Hernandez's Employment agreement requires the City Council to perform an annual employee evaluation and to simultaneously consider the City Manager's compensation and benefits. Discussion and Analysis: In March, April and May of this year (2023) the City Council conducted its evaluation of the City Manager and provided a unanimously positive performance evaluation of the City Manager's work product. In addition, the City Council has discussed contract amendments requested by the City Manager. The City Council has expressed its desire to continue to retain the services of Mr. Ernie Hernandez as the City Manager of the City of Lynwood, and to provide inducement for him to remain in such employment, and to make possible full work productivity by assuring City Manager's morale and peace of mind with respect to future City Council City Council Regular Meeting 522 security. In recognition of the following accomplishments the City Council wishes to consider Mr. Ernie Hernandez's contract amendments: Crown Castle Resolution Successful Measure TR Campaign Retail Cannabis Permit Application Approval Citywide Monument Design Approvals Alley Parking Policy Development 2023 SCAG Award Recipient Fire Station Improvements Contract Code Enhancements Lynwood Park Improvements Permit Management System $2.6 million Imperial Highway Capacity Enhancement Sanborn/California Open Space RFP/Future Improvements 2019 Bond Refinance Resulting in Savings to City/School D istrict Fernwood Park Water/Sewer Cost Allocation New Citywide website Speed Hump Policy/Process Alameda Triangle DTSC Environmental Study Commencement Purchasing Policy/Ordinance Approval Keep Lynwood Clean -Park Clean Ups CIP and Commercial Development Improvements Bulletin Board approvals and internal protocal approvals State Audit Progress City Council City Council Regular Meeting 523 $5 million DTSC grant and Northgate Market Redevelopment Project Ham Park Resolution Well 18 Booster/Lynwood Park Charging Station Facade Program Development and Implementation Effective ARPA Program Administration Resolution of 2023 Labor Negotiations Approval of Housing Element A proposed resolution approving the second amended and restated employment services agreement by and between the City and Mr. Hernandez is attached for the Council's consideration. The amendment contains the following revised benefits: 1. Three Year contract extension (Section 3.1) 2. Anniversary Merit Increases (Section 2.1) 3. Increase in Retiree Health Plan Costs contribution (section 2.4) Fiscal Impact: Amendments to the proposed employment agreement are budgeted in the 2021-2023 Citywide Budget. Any necessary modifications to the Administration budget will be included in the 2021-2023 Citywide Budget second quarter review. Coordinated With: N/A ATTACHMENTS: Description D Second Amended and Restated City Manager Employment_ Agreement_2023.docx D Resolution - Second Amended and Restated City Manager Employment Agreement2023.docx City Council City Council Regular Meeting 524 THE CITY OF LYNWOOD CITY MANAGER SECOND AMENDED AND RESTATED AGREEMENT This at -will CITY MANAGER ("Agreement") is effective March 22, 2023 ("Effective Date"), by and between the CITY OF LYNWOOD, a general law city and municipal corporation ("City") and Ernie Hernandez an individual ("City Manager"). RECITALS WHEREAS, the City Council of the City ("Council") desires to continue the employment of Ernie Hernandez in the at -will position of the City Manager for the City; WHEREAS, City Manager desires to continue to perform and assume responsibility for the provisions of such professional services to the City; WHEREAS, the parties wish to establish the terms and conditions of the City Manager services to the City as described in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants contained herein, the City and City Manager hereby agree as follows: AGREEMENT 1.0 EMPLOYMENT AND DUTIES 1.1 Duties. City hereby employs Ernie Hernandez to serve as the City's City Manager, to perform the functions and duties of a City Manager as such duties are customarily performed by a person in such position, as specified in any position description for the City Manager, and to perform such other legally permissible and proper duties and functions as the City Manager shall, from time -to -time, direct or assign, including, but not limited to, the duties of the City Manager of the City, unless said duties are reassigned by the City Manager. 1.2 Work Schedule. The parties agree that the City Manager shall engage in the hours of work that are necessary to fulfill the obligations of the position and must devote time in addition to the City's regular business hours to the business of the City. City Manager acknowledges that City Hall is open Mondays through Thursdays from 7:00 a.m. to 6:00 p.m. and is closed on Fridays, such that the City's standard work week is four (4) 10 -hour days. Notwithstanding the foregoing, City Manager will be permitted reasonable time off during the City's business hours upon proper approval and as permitted by accrued leave time, as is customary for exempt employees, so long as the time off does not interfere with the City's business. 1.3 Direction. The City shall retain full direction and control of the manner, means and methods by which the City Manager performs the services for which he is employed hereunder and of the place or places at which such services shall be rendered. 525 1.4 Employment Status: At -Will City Manager shall serve at the will and pleasure of the City Council and understands he is an "at -will" employee subject to summary dismissal without any right of notice or hearing, including any so- called Skelly hearing. The City Council may terminate the employment of the City Manager at any time, with or without cause, as set forth in Section 3.2 below. The Parties acknowledge that, while the City Manager is afforded the benefits described in Article 6.0, as those benefits are provided to other employees within the Lynwood Employees Management Bargaining Group ("LEMG") in accordance with the Comprehensive Memorandum of Understanding for Submission to the Lynwood City Council Regarding Lynwood Employees Management Bargaining Group ("MOU"), as may be amended from time to time, a copy of which is attached hereto as Exhibit "A," City Manager is not an employee represented by any bargaining unit, and nothing in this Agreement or the City's policies or procedures, either now or in the future, is intended to change the at -will nature of this relationship. 1.5 City Documents. All data, studies, reports, and other documents prepared by the City Manager while performing his duties during the term of this Agreement shall be furnished to and become the property of the City, without restriction or limitation on their use. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other materials either created by or provided to the City Manager in connection with the performance of this Agreement shall be held confidential by the City Manager to the extent permitted by applicable law. Such materials shall not, without the prior written consent of the Council, be used by the City Manager for any purposes other than the performance of his duties for the City. Nor shall such materials be disclosed to any person or entity not connected with the performance of services under this Agreement, except as required by law. 1.6 FLSA Exempt Status. City Manager agrees that his position is that of an exempt employee for the purposes of the Fair Labor Standards Act. 2.0 COMPENSATION AND REIMBURSEMENT 2.1 Compensation. As compensation for the services to be rendered by City Manager, City agrees to pay City Manager an existing monthly salary of $20,144 ("Salary") payable in twenty-six (26) biweekly installments at the same time as other employees of the City are paid and subject to customary withholding. The Salary shall be adjusted for payroll taxes, workers' compensation, and other payroll -related liability costs. City Manager shall receive a 5 percent Merit Increase on employment anniversary date of March 22, 2023, and receive a 5 percent Merit Increase on employment anniversary each year thereafter for the term of this Agreement. 2.2 457 Payment Compensation. As additional compensation for the services to be rendered by City Manager, City agrees to pay City Manager in addition to his salary above an annual payment equivalent to the elective deferral limit for that calendar year to City Manager's 457 Account ("457 Compensation") payable in twenty-six (26) biweekly installments at the same time as other employees of the City are paid and subject to customary withholding. City Manager 526 understands and agrees that his compensation for the first pay period that he is working for the City shall be prorated consistent with all applicable laws, as he is commencing work in the middle of a pay period. 2.3 Annual Review. The City and the City Manager agree to conduct a review concurrently with the annual performance evaluation set forth in Article 5.0, below. City Manager shall receive any Cost of Living Adjustment ("COLA") consistent with or provided to other LEMG members under the MOU. In addition, a merit increase may be granted on the City Manager's one year anniversary in the sole discretion of the City Council. City Manager is also eligible for performance incentives that may be awarded in the sole discretion of the City Council. Any future Salary increases shall include a PERS pick-up until City Manager reaches his 8% employee contribution as noted in Section 6.5. 2.4 401(a) Retiree Health Plan Costs. The City shall contribute five percent (5%) of City Manager's salary, as set forth in Section 2.1 of this Agreement into a qualifying retirement savings plan on behalf of employee in recognition of future retiree health plan costs. 2.5 Effectuating Salary Adjustment. City and City Manager agree that any upward adjustment in the Salary paid to City Manager shall be at the sole discretion of the City Council. 3.0 TERM 3.1 Commencement & Effective Date. City Manager commenced his services hereunder at 7:00 AM Pacific T ime on M arch 2 2. 2 0 21 which shall be deemed the effective date of this Agreement. City Manager agrees to remain in the employ of the City for an additional three years until March 22, 2027, (the "Termination Date"). 3.2 Termination. The City may terminate this Agreement at any time with or without cause, for any reason whatsoever, without notice to the City Manager. Additionally, City Manager may terminate this Agreement at any time with or without cause, with at least sixty (60) days' advance written notice prior to the effective last work day, unless a shorter period is acceptable to the City Council. City Manager expressly agrees that any for cause termination of this Agreement initiated by the City shall not entitle City Manager to any severance pay; whereas, without cause termination of this Agreement initiated by the City shall entitle City Manager, upon the effective date of such termination, to severance pay as provided in Section 4.1 below, and all accrued but unpaid Salary and vested benefits through the date of termination., and all accrued but unpaid Salary and vested benefits through the date of termination. 3.3 Cooperation. After notice of termination, City Manager shall cooperate with the City, as requested by the City, to effect a transition of City Manager's responsibilities and to ensure that the City is aware of all matters being handled by City Manager. 527 4.0 SEVERANCE 4.1 Severance Benefit A. City Manager 1 s an at -will employee and serves at the will and pleasure of the City Council and may be terminated at any time without cause. B. In the event that City Manager is terminated by the City Council more than one -hundred -eighty (180) days after working for the City, for reasons other than physical or mental incapacity, or those reasons noted in subsection E., below, the City agrees to pay City Manager severance pay equal to six (6) months salary (but not benefits) at the City Manager's salary at the date of termination. The severance benefit shall be increased to nine (9) months on April 1, 2022 and shall be increased to twelve (12) months on February 1, 2023. C. To be eligible for severance pay, as identified in Paragraphs Band C of this section, City Manager shall fulfill all of his obligations under this Agreement and shall sign an acknowledgement and release of claims against the City. Such acknowledgement and release appears as Attachment "B" to this Agreement. D. All severance payments shall be paid within thirty (30) calendar days of City Manager's last date of employment. E. Notwithstanding subsections A, B and C, above, if Employee retires or is terminated due to personal dishonesty by City Manager in performing City Manager's duties, City Manager's insubordination or failure to follow City policies, procedures, rules or regulations, actions by City Manager that are detrimental to the reputation of the City, conflicts of interests or breach of fiduciary duties, acts of fraud or misrepresentation or any act of malfeasance, incapacity, dereliction of duty, gross negligence, addiction to a controlled substance or alcohol, which addiction impairs City Manager's job performance, conviction of a crime involving moral turpitude or involving personal gain to him, any felony or a breach of this Agreement, City shall have no obligation to pay any severance provided in this section. 4.2 Payment For Accrued Benefits. Except as provided for in Article 6.0, upon the termination of this Agreement and the services of the City Manager there under, City shall pay to City Manager the cash equivalent of all leaves then accrued. Such cash equivalent shall be calculated by dividing City Manager's then -prevailing annual salary by 2080 hours and by multiplying the resulting quotient by the number of hours accrued (but unused) vacation, as the case may be. 4.3 Sole Rights. The severance rights provided in this Article 4.0 shall constitute the sole and only entitlement of City Manager in the event of the termination, and City Manager expressly waives any and all other rights except as provided herein. Any and all severance rights are conditioned upon execution of standard "Agreement of Separation, Severance and General Release" attached hereto as Exhibit "B." 528 4.4 Gov. Code Section 53260(a) Provision. Any other term of this Agreement notwithstanding, the maximum severance that City Manager may receive under this Agreement shall not exceed the limitations provided in Government Code Sections 53260- 53264, or other applicable law. 5.0 PERFORMANC EVALUATIONS 5.1 Purpose. The performance review and evaluation process set forth herein is intended to provide review and feedback to City Manager so as to facilitate a more effective management of City. Nothing herein shall be deemed to alter or change the at -will employment status of City Manager, nor shall this Article 5.0 be construed as requiring "cause" to terminate this Agreement or the services of City Manager there under. 5.2 Six Month Evaluation. The City Council may review and evaluate the performance of the City Manager within six (6) months after the commencement of this Agreement. The City Council may consider the City Manager's performance in light of Approved Goals or other criteria as deemed appropriate by the City Co u n c i 1. Such review and evaluation shall be conducted in accordance with the purpose noted in Section 5.1 above. 5.3 Annual Evaluation. The City Council may review and evaluate the performance of the City Manager annually, within thirty (30) days after each anniversary date. In addition, City Manager shall submit for City Council's consideration at those times established by the City Council, but at least annually City Manager's proposed performance goals and objectives and incorporate the City Council's suggestions. Such review and evaluation shall be conducted concurrently with an annual review, and in accordance with the purpose noted in Section 5.1 above. 5.4 Annual Performance Incentive. The City Council may provide an annual performance incentive of up to 100 vacation hours to be credited to the City Manager's accruals based on meeting performance goals and objectives. Such evaluation for the performance incentive shall be conducted concurrently with an annual review, and in accordance with the purpose noted in Section 5.1 above. 5.5 Council Election. Pursuant to provisions of Section 2-2.9(b) of the Lynwood Municipal Code. The City Manager shall not be removed from office during or within a period of ninety (90) days succeeding any general municipal election held in the City at which election a member of City Council is elected. 6.0 BENEFITS 6.1 Automobile. City shall provide to City Manager a Hybrid or other Alternative Fuel vehicle for City Manager's exclusive, official use. Employer shall be responsible for purchase or lease, operation, maintenance, repair and appropriate replacement thereof In lieu of an automobile allowance City Manager shall receive a professional development allowance of $500.00 per month to continue professional training and education payable through payroll with applicable taxes and other payroll liability costs deducted. City Manager understands that any applicable taxes are his responsibility to pay and not covered by the City. 529 6.2 Electronic Media Allowance. The City shall provide or pay City Manager's cellular phone plan and equipment costs and provide an Electronic Media Allowance of three hundred and 00/100 Dollars ($300.00) per month. The Electronic Media Allowance shall be full compensation for the cost associated with the purchase and use of technology and program applications to be used for City -related business, and shall be paid to the City Manager through payroll, with applicable taxes and other payroll -liability costs deducted. City Manager understands that any applicable taxes are his responsibility to pay and not covered by the City. 6.3 Master's Degree Pay. In accordance with the MOU, as may be amended from time to time, the City shall provide City Manager Master's Degree pay consistent with the pay paid to LEMG members ("Bachelor/Master's Degree Pay"), which as of the date of this Agreement is two hundred dollars and fifty Dollars ($250.00) per month. The Master's Degree Pay shall be paid upon submitting proof of the degree, and shall be paid to the City Manager through payroll, with applicable taxes and other payroll- liability costs deducted. City Manager understands that any applicable taxes are his responsibility to pay and not covered by the City. 6.4 Medical, Dental, Vision and Life Insurance. City shall provide to the City Manager the same group medical, dental, vision, and life insurance plans and/or programs as are offered to LEMG members in accordance with the MOU. The City's contribution on behalf of the City Manager toward any PERS health insurance plan shall be at the family premium rate for Kaiser coverage, as may be amended by the MOU. In addition, the City will pay the cost of dental plan premiums and vision plan premiums for the City Manager and his eligible dependents according to the MOU. The City shall provide and pay for a life insurance policy to the City Manager in the amount of fifty thousand and 00/100 Dollars ($50,000.00). 6.5 PERS. The City shall pay six percent (6%) of the City Manager's share of all required retirement contributions to the California Public Employees' Retirement System ("PERS"). The City will also afford the City Manager the retirement benefit commonly referred to as "3% at 60." Any future Salary increases provided to City Manager shall include additional PERS pick-up until City Manager reaches his 8% employee contribution. 6.6 Vacation, Personal and Sick Leave. In accordance with the applicable and current LEMG MOU, and subject to vacation, personal and sick leave accruals as outlined in the Management Benefit Plan, City Manager shall accrue leave factoring City Manager's twenty four (24) years of public sector service that shall be considered continuous city service per Article 35 & 36 of the MOU; vacation at the rate of one hundred sixty (160) hours per year; Sick leave at a rate of ninety-six (96) hours per year; and personal leave at a rate of twenty (20) hours per year. City Manager's twenty-four (24) years of public service shall be considered in the calculation of longevity pay. City Manager's accrual rates shall be revised if the accrual rates, as set forth in the Management Benefit Plan, are revised. Additionally, as further described in the Management Benefit Plan sell back provisions, vacation, executive, personal or floating leave may be converted into cash, up to one hundred (100) hours in one calendar year. 530 6.7 Holidays. In accordance with the MOU, City Manager shall be entitled to eleven (11) days of paid holiday time and a total of five (5) floating holidays per year. The aforementioned holiday benefits shall be subject to adjustment as may be revised by the MOU. 6.8 Executive Leave. In accordance with the MOU, City Manager shall accrue executive leave at the rate of ninety (90) hours per year. Executive leave shall not carry over from year-to-year. The aforementioned leave benefits shall be subject to adjustment as may be revised by the MOU. 6.9 Additional Benefits. In addition to the benefits set forth in this Agreement, the City Manager shall receive the benefits provided by the City to LEMG members under the MOU, excluding any License and Certificate Incentive Pay. To the extent benefits provided under this Agreement are similar to those provided to the LEMG members under the MOU, the City Manager shall receive only those benefits provided under this Agreement, and not both. 7.0 PROFESSIONAL DEVELOPMENT 7.1 Membership. The City encourages City Manager continued professional development and membership and shall provide payment of appropriate related costs for such activities, as approved by the City Manager. 7.2 Out -of -Town Meetings & Seminars The City agrees to reimburse the City Manager the actual cost for registration, travel, lodging, meals, and other reasonable expenses incurred by the City Manager while attending overnight out-of-town meetings or seminars related to his employment with the City, which are pre -approved by the City Council and in accordance with the City's policies for expense reimbursement. To be eligible to receive reimbursement for meals and lodging for out-of-town meetings or seminars, City Manager must have budgeted funds available for same. 7.3 Local Meetings & Seminars. The City agrees to reimburse City Manager the actual cost of registration, meals, and other reasonable expenses necessarily incurred while in attendance at local meetings or seminars related to his employment with the City in accordance with the City's policies for expense reimbursement. 7.4 Incidental Expenses. The City agrees to reimburse City Manager the actual cost of those incidental expenses necessarily incurred by City Manager while engaged in the business of the City upon the presentation of an appropriate receipt therefore in accordance with the City's policies for expense reimbursement. 7.5 Approval by City Council. To be eligible to receive reimbursement for the memberships, travel, and other expenses incurred pursuant to this Article 7.0, City Manager must have budgeted funds available for the same. 8.0 INDEMNIFICATION 8.0 Indemnification. For the purposes of indemnification and defense of 531 legal actions, City Manager shall be considered an employee of the City and entitled to the same rights and subject to the same obligations as are provided for all other employees of the City as set forth in the California Government Code. Accordingly, City shall defend, hold harmless and indemnify City Manager against any tort, professional liability, claim or demand, or other legal action arising out of an alleged act or omission occurring in the performance of City Manager's services under this Agreement. This section shall not apply to any intentional tort or crime committed by City Manager, to any action outside the course and scope of the services provided by City Manager under this Agreement, or any other intentional or malicious conduct or gross negligence of City Manager. 9.0 GENERAL PROVISIONS 9.1 Entire Agreement. This Agreement represents the entire agreement between the parties and supersedes any and all other agreements, either oral or in writing, between the parties with respect to City Manager's employment by the City and contains all of the covenants and agreements between the parties with respect to such employment. Each party to this Agreement acknowledges that no representations, inducements, promises or agreements, orally or otherwise, have been made by either party, or anyone Assistant on behalf of either party, which are not embodied herein, and that no other agreement, statement or promises not contained in this Agreement shall be valid or binding upon either party. 9.2 Notices. Any notice required or permitted by this Agreement shall be in To City: To City Manager: City Council City of Lynwood 11330 Bullis Road Lynwood, California 90262 At his home address on file with the City writing and shall be personally served or shall be sufficiently given when served upon the other party as sent by United States Postal Service, postage prepaid and addressed as follows: 532 Notices shall be deemed given as of the date of personal service or within two (2) days of the date of deposit in the course of transmission with the United States Postal Service. 9.3 Conflicts Prohibited. During the term of this Agreement, City Manager shall not engage in any business or transaction or maintain a financial interest which conflicts, or reasonably might be expected to conflict, with the proper discharge of City Manager duties under this Agreement. City Manager shall comply with all requirements oflaw, including but not limited to, Sections 87100 et seq., Section 1090 and Section 1125 of the Government Code, and all other similar statutory and administrative rules. 9.4 Effect of Waiver. The failure of either party to insist on strict compliance with any of the terms, covenants, or conditions of this Agreement by the other party shall not be deemed a waiver of that term, covenant, or condition, nor shall any waiver or relinquishment of any right or power at any one time or times be deemed a waiver or relinquishment of that right or power for all or any other times. 9.5 Partial Invalidity. If any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions shall nevertheless continue in full force without being impaired or invalidated in any way. 9.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, which are in full force and effect as of the date of execution. 9.7 Independent Legal Advice. The City and City Manager represent and warrant to each other that each has received legal advice from independent and separate legal counsel with respect to the legal effect of this Agreement, and the City and City Manager further represent and warrant that each has carefully reviewed this entire Agreement and that each and every term thereof is understood and that the terms of this Agreement are contractual and not a mere recital. This Agreement shall not be construed against the party or its representatives who drafted it or who drafted any portion thereof. 9.8 AB 1344. Assembly Bill 1344 was recently enacted asa means to provide greater transparency in local government and institute certain limitations on compensation paid to local government executives. AB 1344 also requires that contracts between a local agencies and its employees include provisions requiring an employee who is convicted of a crime involving an abuse of his office or position to provide reimbursement to the local agency (California Government Code 0 53243 - 53243.4). These sections are set forth in full in Exhibit "B" attached hereto and incorporated herein. Accordingly, the parties agree that it is their mutual intent to fully comply with the Government Code sections that are part of AB 1344 and all other applicable law as it exists as of the 533 date of execution of this Agreement and as such laws may be amended from time to time thereafter. Specifically, AB 1344 includes the following Government Code sections which are hereby incorporated by this Agreement: §53243. Reimbursement of paid leave salary required upon conviction of crime involving office or position. §53243.1. Reimbursement of legal criminal defense upon conviction of crime involving office or position. §53243.2. Reimbursement of cash settlement upon conviction of crime involving office or position. §53243.3. Reimbursement of non -contractual payments upon conviction or crime involving office or position. §53243.4. Abuse of office or position defined. City Manager has reviewed, is familiar with, and agrees to comply fully with each of these provisions if any of these provisions are applicable to City Manager, including that City Manager agrees that any cash settlement or severance related to the termination that City Manager may receive from the City shall be fully reimbursed to the local agency if City Manager is convicted of a crime involving an abuse of his or her office or position. IN WITNESS WHEREOF, the City of Lynwood has caused this Agreement to be signed and executed on its behalf by its Mayor, and duly attested by its officers thereunto duly authorized, and City Manager has signed and executed this Agreement, all in triplicate. CITY OF LYNWOOD 534 Oscar Flores, Mayor Ernie Hernandez, City Manager ATTEST: Maria Quinonez, City Clerk APPROVED AS TO FORM: Noel Tapia, City Attorney 535 536 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA APPROVING THE SECOND AMENDED AND RESTATED EMPLOYMENT SERVICES AGREEMENT FOR THE POSITION OF CITY MANAGER WHEREAS, the City of Lynwood is a General Law City under California law and is governed by and elected City Council; and WHEREAS, on March 21, 2023, April 4, 2023, and May 2, 2023, the City Council of the City ("City Council") conducted a performance evaluation of City Manager and is satisfied with the quality of his performance to date; and WHEREAS, it is the desire of the City Council to continue to retain the services of City Manager as City Manager of the City, as provided by the City's Municipal Code, and to (i) secure and retain the services of City Manager and provide inducement for him to remain in such employment, and (ii) to make possible full work productivity by assuring City Manager's morale and peace of mind with respect to future security; and WHEREAS, it is further desire of the City Council to provide certain benefits, establish certain conditions of employment, and extend the term of the employment services agreement, as set forth in the Second Amended and Restated Employment Services Agreement; and WHEREAS, City Manager desires to continue employment as City manager of the City. WHEREAS, the City Council has approved the request to hire the City Manager under an "at -will" employment agreement, a copy of which is attached hereto as Exhibit NOW, THEREFORE, THE LYNWOOD CITY COUNCIL DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution. Section 2. The City Council hereby approves the Second Amended and Restated Employment Services Agreement attached hereto as Exhibit A in a form approved by the City Attorney, and authorizes and directs the Mayor to execute the Second Amended and Restated Employment Services Agreement on behalf of the City. The Second Amended and Restated Employment Services Agreement shall be effective retroactive to the anniversary date of the City Manager's employment date with the City. Section 3. That the revised benefits as set forth in the Second Amended and Restated Employment Services Agreement and as authorized by this Resolution will commence accumulating at the anniversary of the City Manager. 537 Section 4. That the City Managers accruals are credited with 100 vacation hours as granted per the annual performance incentive provisions as set forth in the Second Amended and Restated Employment Services Agreement and as authorized by this Resolution. Section 5. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 6. That this Resolution is to be given effect upon its adoption by the City Council of the City of Lynwood and execution of the same by the appropriate parties. PASSED, APPROVED and ADOPTED this 7th day of November, 2023 Oscar Flores MAYOR ATTEST: Maria Quinonez CITY CLERK APPROVED AS TO FORM: Noel Tapia CITY ATTORNEY 538 Agenda Item # 11.1. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Brittany Leslie, Senior Management Analyst SUBJECT: ESTABLISHING A CITY COUNCIL DISCRETIONARY FUND AND APPROVING A CORRESPONDING APPROPRIATION TO BE UTILIZED BY THE CITY COUNCL FOR A PUBLIC BENEFIT Recommendation: Staff recommends that the City Council adopt the attached resolution entitled "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING A CITY COUNCIL DISCRETIONARY FUND AND AUTHORIZING AN APPROPRIATION OF $3,000 PER COUNCIL MEMBER" Background: City Council Members play a vital role in representing the interests of our community. Their ability to respond effectively to emerging needs and the opportunities can be limited by budget constraints and procedural requirements. A discretionary fund would offer City Council Members the flexibility to support programs and activities necessary to meet the public and social needs of the Lynwood community, including but not limited to health and social services, public safety, welfare, at -risk youth diversion, recreation and community promotion programs and/or activities. The creation of this fund would be a valuable asset to the Council in fulfilling their public service duties. Discussion and Analysis: The establishment of a discretionary fund for City Council Members will bring several benefits, including: 1. Enhanced responsiveness to immediate community needs that may not be covered by existing budget allocations. 2. Increased support for local organizations, events, and initiatives that align with the city's priorities. City Council City Council Regular Meeting 539 3. Enhance the ability of City Council Members to actively engage with constituents and address their concerns. 4. Improve overall effectiveness in serving the residents of Lynwood. Each City Council Member shall receive an equal allocation of the discretionary fund, subject to the approval of the Citywide bi-annual budget. The allocation will be made from the General Fund, donations, and/or grants. Fiscal Impact: On October 17, 2023, the City Council approved a resolution to amend the communication site ground lease agreements with Crown, Castle MU, LLC. These amendments will generate additional revenues for the City in the amount of $1,960,000. The revenues will be recorded in General Fund revenue account 1011.51.53105, but a portion can be dedicated to this purpose. The appropriation request will increase the FY 24 expenditure budget in the General Fund by $15,000. The budget allocation will be used to support the Council Discretionary Fund's expenditures for the current fiscal year. Appropriation Request Fund Dept Div Object Description Amount Budgetary Transfer Out 1011 95 991 68002 Trans out - Council Discretionary Fund $15,000.00 Budgetary Transfer In 1029 95 38105 Trans in - General Fund $15,000.00 Expenditure Budget 1029 10 101 TBD To be determined $ 15,000.00 Coordinated With: Department of Finance and Administrative Services ATTACHMENTS: Description a Resolution - Discretionary_Fund.docx City Council City Council Regular Meeting 540 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ESTABLISHING A CITY COUNCIL DISCRETIONARY FUND AND AUTHORIZING A AN APPROPRIATION OF $3,000 PER COUNCIL MEMBER WHEREAS, the Lynwood City Council recognizes the need for a discretionary fund to support community initiatives and projects that may not fall under the regular budget allocation process; and WHEREAS, the City Council acknowledges its responsibility to allocate resources for the betterment of the community and to address the unique needs and opportunities that arise; and WHEREAS, The Discretionary Fund will be allocated bi-annually as part of the city's budget. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution. Section 2. That the City Council of the City of Lynwood approves the funding for the City Council Discretionary Fund from the following source and in the following amount. Appropriation Request Fund Dept Div Object Description Amount Budgetary Transfer Out 1011 95 991 68002 Trans out - Council Discretionary Fund $15,000.00 Budgetary Transfer In 1029 95 38105 Trans in - General Fund $15,000.00 Expenditure Budget 1029 10 101 TBD To be determined $15,000.00 Section 3. The City Council shall maintain records of all allocations made from the Fund. 541 Section 4. The City Council shall have the authority to allocate funds from the Discretionary Fund Section 5. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 6. This Resolution shall take effect immediately upon its adoption. Section 7. The City Clerk shall certify as to the adoption of this Resolution. PASSED, APPROVED and ADOPTED this 7th day of November 2023 OSCAR FLORES MAYOR ATTEST: Maria Quinonez CITY CLERK APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia Ernie Hernandez CITY ATTORNEY CITY MANAGER 542 Agenda Item # 11.2. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Gabriel Linares, Director of Community Development SUBJECT: FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH RAMBOLL, INC. TRIANGLE SITE — DTSC-ECRG GRANTS Recommendation: Staff recommends that the City Council adopt the following resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA AUTHORIZING A FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH RAMBOLL FOR ENVIRONMENTAL STUDIES AND SERVICES REQUIRED TO PROCEED WITH PROPOSED AFFORDABLE HOUSING PROJECT(S) AND COMMERCIAL DEVELOPMENT AT A LOCATION COMMONLY KNOWN AS THE ALAMEDA TRIANGLE FUNDED BY THE DTSC-ECRG GRANTS" Background: In 2013, the City started its efforts to address the environment concerns at the Alameda Triangle site. The City in conjunction with the Department of Toxic Substances Control (DTSC) initiated discussions to develop a Removal Action Workplan (RAW), formerly referred to as Remedial Action Plan (RAP), for the Alameda Project Area. Due to funding constraints, the process of developing and approving a RAW was not completed. Additionally, the DTSC requested a Remediation Response Plan ("Response Plan") along with the RAW for the Alameda Triangle Site. Due to time, the previous work must be updated with current environmental data and refined for the City -controlled properties. In order to continue the process, develop and provide the needed information, in December City Council City Council Regular Meeting 543 2021 the City initialized the application process for the Department of Toxic Substances Control Equitable Community Revitalization (DTSC-ECRG) Grant. The City, in collaboration with Ramboll (environmental consulting firm) and Cox -Castle Law Firm completed the DTSC- ECRG grant applications. The City was successful in receiving two (2) DTSC-ECRG grants for the three (3) parcels in the Alameda Triangle Site. The two (2) DTSC-ECRG grants awarded include the following; #1 ECRG-2021-00568 for Assessor Parcel Numbers 6169-002-904 (now 6169-002-912) and 6169-002-905 (now 6169- 002-912) in the amount of $242,067.00, and #2 ECRG-2021-00637 for Assessor Parcel Number 6169-001-900 in the amount of $184,150.00. While a majority of the RAW plan work has been completed, there are still a few new outstanding tasks beyond the original scope that need to be finished per the direction of DTSC. Discussion and Analysis: In 2022, the City entered into a Professional Services Agreement ("Agreement") with Ramboll to provide needed environmental services for the completion of an Alameda Triangle Remedial Action Workplan "RAW" for the approval by DTSC, which also include services needed in connection with the completion of both the RAW and a Response Plan. Based on Grant requirements five percent (5%) of the total grant amounts are allocated for project administrative services and ninety-five percent (95%) to developing the RAW and Response Plan by the Consultant. The preparation of technical environmental documents for completion of the RAW and Response Plan are critical for the proposed future development of affordable housing and commercial development on the City -controlled Alameda Triangle properties. After DTSC reviewed the scope of the work proposed in the completed RAW document, the DTSC team recommended/required that a more in-depth plan be completed by the City and Ramboll. The recommendation from DTSC was to update the RAW document to a full Remedial Action Plan ("RAP"). The primary reason for the RAW update was due to the scope of the clean up work being valued over $2 million dollars and the request from the City to include a phased approach to the clean up in order to accommodate for a potential separate residential and commercial development phase. The RAP will require additional work from Ramboll in order to meet the requirements of DTSC-ECRG grant funding. Raboll estimates the additional cost for the scope of work to total approximately $95,000. Staff is recommending we include a 15% contingency for any additional DTSC changes to scope of work. This will update our amendment to a total of $109,250. City Council City Council Regular Meeting 544 Therefore, City staff is requesting approval of the amendment to the existing contract with Ramboll to include the following services: • Expansion of the Raw document into a RAP, including a full feasibility study; • Collection of an additional round of soil vapor and groundwater data as required by DTSC; • Inclusion of additional project team meetings; • Addressing DTSC comments on RAP report; and • Preparing a new Human Health Risk Assessment Please take a look at the attached updated scope of work exhibit A-1 for more detail on the Remedial Action Plan. The approval of the amendment will allow Ramboll to complete the DTSC work required to have a completed RAP that may be used to apply for Phase II DTSC- ECRG remedial work funding. If approved in the DTSC-ECRG round 2 application phase, the City of Lynwood could receive up to $4 million dollars for the remediation of both sites at the Alameda Triangle. The clean up of the site will allow the City of Lynwood to enter into development agreements to enhance the sites with viable commercial establishments and much needed affordable housing projects. Fiscal Impact: The total cost for these additional services will be paid out of the unassigned fund balance and will be recouped for the future sale of property. Staff also request the Finance Department to amend the fiscal year 2023-24 budget and appropriate as follows: Fund Dept Div Object Description Amount 3537 51 216 62015 DTSC-ECRG (Alameda $109,250 Triangle) Grant Coordinated With: City Manager's Office City Attorney City Council City Council Regular Meeting 545 Finance ATTACHMENTS: Description D Alameda Triangle RAW Process amendment 10_30_2023.pdf D Resolution - First Amendment to Ramboll Agreement.docx City Council City Council Regular Meeting 546 RAMB LL Mr. Gabriel Linares Director of Community Development City of Lynwood 11330 Bullis Road Lynwood, CA 90067 CHANGE ORDER FOR ADDITIONAL OUT -OF -SCOPE SERVICES IN CONNECTION WITH PREPARATION AND DTSC APPROVAL OF A REMEDIAL ACTION PLAN FOR PARCELS 6169-002-911, 6169-002-912 and 6169-001-900 ALAMEDA TRIANGLE LYNWOOD, CALIFORNIA Dear Mr. Linares, ENVIRONMENT & HEALTH Ramboll previously prepared a Removal Action Workplan (RAW) for the above - referenced Site per the approved scope of work funded by the Equitable Communities Revitalization Grant (ECRG) awarded to the City in 2021. Towards the completion of the ECRG funded scope of work, the Department of Toxic Substances Control (DTSC) concluded that the RAW needed to be updated to a full Remedial Action Plan (RAP), primarily due to the cleanup exceeding $2 Million. The budget shortfall was discussed with the City and with Primestor. Ramboll was instructed to continue with the preparation of all task items required to obtain approval of the RAP on an expedited basis, while formal approval was provided. The additional costs include the following: • Expansion of the RAW document into a RAP, including a full feasibility study; • Collection of an additional round of soil vapor and groundwater data as required by DTSC; • Multiple additional project team meetings; • Addressing DTSC Comments; and • Preparing a new Human Health Risk Assessment ADDITIONAL SCOPE OF WORK The additional scope of work contemplated to complete the RAP process outside of the ECRG funding cycle is provided below. October 30, 2023 Ramboll 5 Park Plaza Suite 500 Irvine, CA 92614 USA T +1 949.261.5151 F +1949.261.6202 www.ramboll.com 1/3 Confidential 547 RAMB LL Task 1: Preparation of Remedial Action Plan including Feasibility Study The RAW was rewritten to incorporate major elements expected under a RAP submittal, in accordance with DTSC's Guidance for Preparing Remedial Action Plans. Following completion of the data evaluations, the existing RAP will be updated to include the results of the data evaluation. The RAP will be submitted to DTSC as a draft. Comments on the Draft RAP will be addressed prior to the RAP being issued for public comment. Following the public comment period, a Final RAP will be issued. Task 2: Preparation of Supplemental Site Investigation Workplan and Conducting Supplemental Investigation Ramboll prepared a Supplemental Site Investigation (SSI) Workplan to address the requirement from DTSC to collect additional soil vapor samples and to collect another round of groundwater samples to confirm the assumptions of the RAP. The Workplan was then implemented and the data prepared into a Technical Memorandum. DTSC subsequently requested that the new data collected be incorporated into an updated RAP. Task 3: Prepare Updated Health Risk Assessment DTSC is requiring that the data from the additional SSI be evaluated by conducting a new HHRA, and that that the HHRA be incorporated into the updated RAP. Task 4: Addressing DTSC Comments and Ongoing Project Team Meetings Ongoing project team meetings are necessary to discuss the progress of the project, both with DTSC and with the developer team. Additionally, Ramboll needs to respond to DTSC technical comments following their review of the project deliverables. Task 5: Community Workshop Participation Ramboll understands that DTSC anticipates holding a public meeting to allow the community to learn about the project and remediation. Ramboll may be required to participate in the meeting. Therefore, we have included a budget for this task. SCHEDULE Ramboll understands that the City would like to expedite the regulatory program as much as possible. As such, we will schedule work to begin as quickly as possible. DTSC has indicated a willingness to conduct a timely review of the RAP and anticipates issuing the RAP for public comment prior to the upcoming Holiday season. 2/3 Confidential 548 RAMB LL COST ESTIMATE Ramboll proposes to undertake this assignment on a in accordance with the following rough cost breakdown under funding obtained from the ECRG program: Task 1: Preparation of RAP Task 2: Supplemental Site Investigation Task 3: Updated HHRA Task 4: Addressing DTSC Comments and Ongoing Project Team Meetings Task 5: Community Workshop $ 35,000 $ 15,000 $ 20,000 $ 20,000 $ 5,000 Total $ 95,000 The work will be conducted in accordance with the terms and conditions between Ramboll and the City of Lynwood. If tasks beyond the Scope of Work provided in this proposal are identified, a separate cost estimate will be provided. CLOSING We appreciate the opportunity to provide this proposal to you for your consideration and we look forward to providing environmental services to you. If you have any questions or need further information, please contact either of the undersigned. Very Truly Yours, Leo eb Principal D 949.798.3604 Irebele@ramboll.com LR:gw 3/3 Confidential 549 RAMB LL Confidential 550 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA AUTHORIZING A FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH RAMBOLL FOR ENVIRONMENTAL STUDIES AND SERVICES REQUIRED TO PROCEED WITH PROPOSED AFFORDABLE HOUSING PROJECT(S) AND COMMERCIAL DEVELOPMENT AT A LOCATION COMMONLY KNOWN AS THE ALAMEDA TRIANGLE FUNDED BY THE DTSC-ECRG GRANTS WHEREAS, in 2013, a Removal Action Workplan (RAW), formerly referred to as a Remedial Action Plan (RAP) for the Alameda Project Area was initiated for submittal to the Department of Toxic Substances (DTSC) for review and approval. Due to funding constraints, the review process and approval of the RAW was not completed; and WHEREAS, the City was successful in its submission of two (2) grant applications to the Department of Toxic Substance Control Equitable Community Revitalization (DTSC-ECRG) Grants to review the site and develop a RAW for the three (3) parcels in the Alameda Triangle controlled by the City; and WHEREAS, the DTSC-ECRG grants #1 ECRG-2021-00568 for Assessor Parcel Numbers 6169-002-904 (now 6169-002-912) and 6169-002-905 (now 6169-002-912) in the amount of $242,067.00, and #2 ECRG-2021-00637 for Assessor Parcel Number 6169-001-900 in the amount of $184,150.00 will allow the City to develop and finalize RAP for the Alameda Triangle Sites, and complete a Remediation Response Plan (Response Plan) that will be updated with current environmental data and refined to include only City -controlled property; and WHEREAS, the funds required by the City of Lynwood ("City") for the professional services agreement with Ramboll ("Consultant") to provide the needed environmental services for the completion of an Alameda Triangle RAP and Response Plan for approval by the DTSC will be funded through the two (2) DTSC-ECRG Grants; and WHEREAS, the total amount of the First Amended Agreement will not exceed a total of $109,250; and WHEREAS, the amount requested does not exceed the usable amount and use is consistent with the intended use of said funds; and WHEREAS, the preparation of technical environmental documents for completion of the RAW and Response Plan is critical for the proposed future development of affordable housing on the city -controlled Alameda Triangle property and therefore funding to extend the Agreement for said services is in order. 551 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby authorizes the First Amendment to the Professional Services Agreement with Ramboll ("First Amendment") to provide needed environmental services for the completion of an Alameda Triangle RAW for the approval by DTSC, which includes services needed in connection with the completion of a Response Plan. Section 2. The City Council of the City of Lynwood hereby authorizes the City Manager, or his designee, to take necessary steps, including the execution of the First Amendment and other related documents with Ramboll to undertake the implementation of all related services under the First Amendment's Scope of Work. Section 3. The City Council of the City of Lynwood hereby approves the First Amendment, in a form approved by the City Attorney, for a not to exceed an amended amount of $109,250.00 for the period of June 22, 2022 to September 20, 2024, unless brought back to the City Council for amendment and or extension. Section 4. The Fiscal Year 2023-24 Budget is hereby amended by appropriating as follows: Fund Dept Div Object Description Amount 3537 51 216 62015 DTSC-ECRG (Alameda Triangle) Grant $190,250 Section 5. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood. Section 6. This Resolution shall become effective immediately upon its adoption. Section 7. The City Clerk shall certify to the adoption of this Resolution and hereafter the same shall be in full force and effect. PASSED, APPROVED and ADOPTED this 7t" day of November, 2023. Oscar Flores Mayor ATTEST: Maria Quinonez City Clerk 2 552 APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia City Attorney Ernie Hernandez City Manager 3 553 This 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@LYNWOODCA.GOV 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 City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency TO BE HELD ON November 7, 2023 COUNCIL CHAMBERS - 11350 BULLIS ROAD. 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 11/4/23 by MQ 6:00 PM 1. CALL TO ORDER 2. CERTIFICATION OF AGENDA POSTING BY SECRETARY 3. ROLL CALL OF MEMBERS Oscar Flores, Mayor Rita Soto, Mayor Pro Tem Gabriela Camacho, Council Member Juan Munoz -Guevara, Council Member Jose Luis Solache, Council Member PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency 1 NON -AGENDA PUBLIC ORAL COMMUNICATIONS THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD SUCCESSOR AGENCY ON ITEMS WITHIN THE JURISDICTION OF THE LYNWOOD SUCCESSOR AGENCY AND NOT LISTED ON THE AGENDA. IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO SUBSTANTIAL DISCUSSION OF THE ISSUE BY LYNWOOD SUCCESSOR AGENCY, BUT LYNWOOD SUCCESSOR AGENCY MAY REFER THE MATTER TO STAFF OR SCHEDULE SUBSTANTIVE DISCUSSION FOR A FUTURE MEETING. (The Ralph M. Brown Act, Government Code Section 54954.2 (a).) CONSENT CALENDAR 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. APPROVAL OF THE WARRANT REGISTER -SA Comments: City of Lynwood Successor Agency warrant register dated November 07,2023 for FY 2023- 2024. (FIN) Recommendation: Staff respectfully recommends that the City Council of the Successor Agency approve the warrant register dated November 07,2023 for FY 2023-2024 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 1st quarter ending September 30, 2023. NEW/OLD BUSINESS ADJOURNMENT CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE LYNWOOD REDEVELOPMENT AGENCY MEETINGS WILL BE POSTED AS NEEDED. THE NEXT MEETING WILL BE HELD IN THE COUNCIL CHAMBERS OF CITY HALL ANNEX, 11350 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA. City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency 2 AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of Lynwood City Council, as Successor to Lynwood Redevelopment Board APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Harry Wong, Director of Finance & Administration Mohammad Islam, Accounting Technician SUBJECT: APPROVAL OF THE WARRANT REGISTER -SA Recommendation: Staff respectfully recommends that the City Council of the Successor Agency approve the warrant register dated November 07,2023 for FY 2023-2024 Background: N/A Discussion and Analysis: N/A Fiscal Impact: FY 2023-2024 Coordinated With: City Manager City Attorney ATTACHMENTS: Description D LSA-11-7-2023- WARRANT RESOLUTION TEMPLATE.docx D SA -11-07-2023. pdf Lynwood Successor Agency City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency 3 RESOLUTION NO. 2023.XXX LSA - Warrant Register Dated November 07th, 2023 PASSED, APPROVED and ADOPTED this 07th day of November, 2023. Oscar Flores, Mayor ATTEST: Maria Quinonez Ernie Hernandez City Clerk City Manager APPROVED AS TO FORM: Noel Tapia City Attorney 4 STATE OF CALIFORNIA ) )§ COUNTY OF LOS ANGELES ) I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood/Secretary to the Successor Agency to the Lynwood Redevelopment Agency, do hereby certify that the foregoing Resolution was passed and adopted by the Successor Agency to the Lynwood Redevelopment Agency of the City of Lynwood at a regular meeting held on the 07th day of November, 2023, and passed by the following vote: AYES: NOES: ABSENT: ABSTAIN: Maria Quinonez, City Clerk STATE OF CALIFORNIA ) )§ COUNTY OF LOS ANGELES ) I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood/Secretary to the Successor Agency to the Lynwood Redevelopment Agency, do hereby certify that the above foregoing is a full, true and correct copy of Successor Agency to the Lynwood Redevelopment Agency Resolution No. 2023.XXX on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 07th day of November 2023. Maria Quinonez, City Clerk 5 vchlist Check List Page: 1 10/26/2023 4:43:06PM Successor Agency of the Lynwood Redevelopment Agency Bank code : sa usb Voucher Date Vendor Invoice PO # Description/Account Amount 5533 11/7/2023 007860 THE PUN GROUP, LLP 114080 02-002676 PROF & CONTRACTUAL SERVICE 325.00 Total : 325.00 1 Vouchers for bank code : sa usb Bank total : 325.00 Page: 1 6 AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of Lynwood City Council, as Successor to Lynwood Redevelopment Board APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Luis Cuellar, 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 1st quarter ending September 30, 2023. 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. Lynwood Successor Agency City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency 7 Discussion and Analysis: The market value of securities fluctuates, depending on how interest rates perform. When interest rates decrease, the market value of the securities in the City's portfolio will likely increase and when the interest rates increase, the market value of the securities will likely decrease. The City's practice is to buy and hold investments until maturity so changes in the market price do not affect the City's investment principal. Short-term excess cash is primarily invested in the Local Agency Investment Fund (LAIF) administered by the State Treasurer. LAIF is a high -quality investment available in terms of safety, liquidity and yield. The City's cash and investment portfolio is sufficiently liquid to meet expected expenditures for the coming six months. The majority of property tax revenues are received from the County in December and April and a portion of the revenue received is invested in the Local Agency Investment Fund and can be withdrawn at any time. The market valuation is provided by FTN Main Street Capital Advisors and all of the investments are in compliance with California Government Code Sections 53600 et seq. and the City's investment policy. Fiscal Impact: The actions recommended in this report will not have a fiscal impact on the City. Coordinated With: FTN Financial Main Street Advisors. ATTACHMENTS: Description a Sept. 2023.pdf a FHN - SUMMARY PORTFOLIO REPORT - JULY 2023.pdf a FHN - SUMMARY PORTFOLIO REPORT - AUG. 2023.pdf a FHN - SUMMARY PORTFOLIO REPORT - SEPT. 2023.pdf Lynwood Successor Agency City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency 8 CITY OF LYNWOOD QUARTERLY INVESTMENT REPORT September 1, 2023 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 $ 127,133.97 $ 649.07 $ 649.07 JP Morgan Chase - Money Market Account $ 1,909,922.79 $ 9,750.98 $ 9,750.98 JP Morgan Chase - Parking Enforcement $ 6,671,355.82 $ 33,462.72 $ 33,462.72 US Bank - City of Lynwood $ 4,540.94 $ 0.12 $ 0.12 Total $ 8,712,953.52 $ 43,862.89 $ 43,862.89 Demand Deposits General Account US Bank - Economic Development US Bank - Housing Authority A US Bank - Housing Authority B US Bank - City HCDA US Bank - City Home Program US Bank - Taxable Tabs US Bank - Lyn Tr. Center Unf Wrkr US Bank - Money Market Account US Bank - US Dept. of HUD/Section 108 US Bank - RORF Successor Agency US Bank - Low Mod Housing Trst Fnd/Rogel US Bank - Lynwood Disaster Relief Fund US Bank - Settlement Remittance Fund US Bank - Housing Authority Total $ 34,388,334.50 $ 10,696.54 $ 79,424.18 $ 18,000.09 $ 150,518.11 $ 1,020,153.96 $ 2,611,325.52 $ 2,791.24 $ 49,028.48 $ 170,048.96 $ 6,097,754.85 $ 6,897,682.67 $ 5,000.00 $ 340,637.36 $ 6,376.71 $ 51,847,773.17 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. 9 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 LAIF Daily Yield 1.60% - Quarter to Date 1.28%- Average Days to Maturity 303 Issuer Quarter Ending Interest Investment Balance Interest Rate State of California LAIF $ 9,787,060.32 $ 88,255.78 30 -Sep -23 *As of October 13, 2023 0.24% 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) 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% MONEY POOLED INVESTMENT ACCOUNT MONTHLY PORTFOLIO COMPOSITION Total $178.4 billion (chart dollars in millions) 1 Agencies Chart Title ■ � Certificate of Time Commercial Corporate Loans Treasuries Deposits Deposits Paper Bonds LAIF BALANCE BY TYPE AS OF 3-31-23 Total $21.9 billion (chart dollars in millions) 1 Chart Title ■ • 54 COUNTIES 476 CITIES 1,440 SPECIAL 193 SCHOOL 166 TRUSTEES 56 BONDS DISTRICTS DISTRICTS Sept. 2023 10 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 PORTFOLIO SUMMARY INVESTMENTS PAR MARKET BOOK % OF VALUE VALUE VALUE PORTFOLIO *Money Market Funds $ 460,295.00 $ 460,295.00 $ 460,295.00 1.23% LAIF $ 9,787,060.32 $ 9,787,060.32 $ 9,787,060.32 26.26% Corporate Notes $ 3,750,000.00 $ 3,614,455.00 $ 3,736,197.68 10.02% Commercial Paper $ $ $ - 0.00% Federal Agency $ 10,440,000.00 $ 10,023,973.00 $ 10,398,657.49 27.90% Treasury Coupon Securities $ 7,500,000.00 $ 7,078,444.00 $ 7,483,804.58 20.08% CD -FDIC $ 5,413,000.00 $ 5,134,238.39 $ 5,410,227.74 14.51% TOTAL $ 37,350,355.32 $ 36,098,465.71 $ 37,276,242.81 100.00% *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) $ 127,133.97 N/A $ 649.07 JP Morgan Chase - Money Market Account $ 1,909,922.79 N/A $ 9,750.98 JP Morgan Chase - Parking Enforcement $ 6,671,355.82 N/A $ 33,462.72 US Bank - City of Lynwood $ 4,540.94 N/A $ 0.12 TOTAL $ 8,712,953.52 $ 43,862.89 Corporate Checking Accounts Balance General Account $ 34,388,334.50 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 $ 79,424.18 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 $ 6,097,754.85 US Bank - Low Mod Housing Trst Fnd/Rogel $ 6,897,682.67 US Bank - Taxable Tabs Housing Proj. $ 2,611,325.52 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 $ 51,847,773.17 Sept. 2023 11 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 MASTER SUMMARY DESCRIPTION AVERAGE MARKET PERCENTAGE (%) DAYS TO VALUE PORTFOLIO MATURITY INVESTMENTS* $ 36,098,465.71 100% MONEY MARKET/CUSTODY HOLDINGS $ 8,712,953.52 DEMAND DEPOSIT ACCOUNTS $ 51,847,773.17 TOTAL AVERAGES $ 60,560,726.69 TOTAL INVESTMENTS & AVERAGES $ 96,659,192.40 (ikyl.f • iiel;yG//7 Luis Cuellar/Sheila Harding City Treasurer/Deputy City Treasurer *See Report Prepared by Main Street Capital Advisors 1 certify that this report accurately reflects all pooled 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. Sept. 2023 12 PORTFOLIO SUMMARY AT A GLANCE ACCOUNT SUMMARY JUL - SEPT 2023 Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Durantion Total Earnings Per Month F/Y Earnings to Date Average Daily Balance F/Y Average Daily Balance Book Rate of Return F/Y Book Rate of Return JULY AUGUST SEPTEMBER $ 36,028,992.00 $ 37, 081,164.00 $ (1,052,172.00) $ 36,050,870.00 $ 37,218,309.00 $ (1,167,439.00) $ 36,098,466.00 $ 37,276,243.00 $ (1,177,777.00) $ 37,160,738.00 $ 37,292,809.00 $ 37,350,355.00 $ 97.16 $ 96.86 $ 96.84 2.91% 2.97% 3.02% 4.62% 4.79% 4.85% 1.7 1.63 1.63 1.41 1.36 1.38 JULY AUGUST SEPTEMBER $ 63,124.33 $ 63,854.77 $ 61,701.84 $ 63,124.33 $ 126,979.09 $ 188,680.93 $ 37,031,276.89 $ 37,129,051.71 $ 37,253,532.56 $ 37,031,276.89 $ 37,080,164.30 $ 37,137,953.72 2.01% 2.02% 2.02% 2.01% 2.02% 2.02% HOLDINGS CD -FDIC Commercial Paper Corporate Bonds LAIF Money Market Funds U.S. Agencies U.S. Treasuries TOTAL JULY AUGUST SEPTEMBER $ 5,743,705.97 $ 3,131,715.00 $ 9,787,060.32 $ 274,677.31 $ 10,029,673.60 $ 7,062,159.70 $ 36,028,991.90 5,353,202.77 3,131,647.50 9,787,060.32 654, 748.84 10,042,274.40 7,081,936.30 36,050,870.13 $ 5,134,238.39 $ 3,614,455.00 $ 9,787,060.32 $ 460,295.00 $ 10,023,973.00 $ 7,078,444.00 $ 36,098,465.71 13 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 BALANCES PER QUARTER Investments Managed by Main Street Cash & Investments Per Treasurer's Reports Accounts Balances per Statement US Bank - General Account* *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Accounts Balances per Statement US Bank - General Account* *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Accounts Balances per Statement US Bank - General Account *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Jan - Mar $35,917,091.17 $64,844,352.81 2023 Apr - June $35,892,711.43 $73,461,151.24 July - Sept 36,098,465.71 60,560,726.69 100,761,443.98 $109,353,862.67 96,659,192.40 MONTHLY BALANCES PER STATEMENT DEMAND DEPOSIT ACCOUNTS - MOST ACTIVE QUARTERLY TOTAL OF DEBITS/CREDITS *Most Active Accounts *Funds transferred from LAIF account to the general account to cover expenditures Beginning $ 45,772,564.15 $ 9,710,816.80 $ 7,826,014.85 $ 6,910,066.97 Beginning $ 37,300,635.52 $ 9,787,060.32 $ 7,826,014.85 $ 6,900,016.97 Beginning $ 34,118,934.58 $ 9,787,060.32 $ 7,552,754.85 $ 6,897,682.67 Jul -23 Credits 3,999,165.57 76,243.52 4,075,409.09 Debits $ 12,471,094.20 $ $ $ 10,050.00 $ 12,481,144.20 Aug -23 Credits Debits $ 5,975,933.17 $ 9,157,634.11 $ - $ - $ - $ 273,260.00 $ - $ 2,334.30 $ 5,975,933.17 $ 9,433,228.41 Sep -23 Credits 5,998,341.08 Debits 5,728,941.16 1,455,000.00 5,998,341.08 7,183,941.16 $ 16,049,683.34 $ 29,098,313.77 2022 Oct - Dec $35,344,239.13 $56,840,163.35 $92,184,402.48 Ending $ 37,300,635.52 $ 9,787,060.32 $ 7,826,014.85 $ 6,900,016.97 Ending $ 34,118,934.58 $ 9,787,060.32 $ 7,552,754.85 $ 6,897,682.67 Ending $ 34,388,334.50 $ 9,787,060.32 $ 6,097,754.85 $ 6,897,682.67 14 Portfolio Summary City of Lynwood 7/31/2023 SECTOR ALLOCATION AGY 11 28.0% LAIF TSY CD CORP MMF 0% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 43.3% 12.0% 20.8% 10.9% 13.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.6% Aa1 Aa2 0.7% Aa3 1 1.3% Al 1 2.7% A2 1 2.0% A3 NR 42.3% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 7/31/23 6/30/23 Run Date: 8/14/2023 - 11:21 AM Amortizing $36,028,992 $35,892,711 $37,081,164 $36,959,418 -$1,052,172 -$1,066,706 $37,160,738 $97.16 $37,031,146 $97.11 2.91% 2.84% 4.62% 4.72% 1.70 1.76 1.41 1.46 3.10% 2.60% 2.10% 1.60% - 1.10% - 0.60% N N N N N CO M N N N N N N N 8.0 Q U C 13 < to 0 z 0 `-' Li m m N N L Q 2 a m N (0 Cr) N Issuer % Portfolio LAIF 26.4% U.S. Treasury 20.2% FHLB 18.1% FFCB 4.6% FHLMC 4.0% JPMorgan 1.4% FNMA 1.3% MetLife 1.3% Apple 1.3% 3M 1.3% Goldman Sachs Govt MMF 0.7% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% Charles Schwab 0.7% 15 Investment Policy Compliance City of Lynwood 7/31/2023 Category Book Value % of Portfolio Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,476,096.21 10,397,066.78 0.00 9,787,060.32 0.00 274,677.31 5,906,071.96 3,240,191.58 0.00 20.16% 28.04% 0.00% 26.39% 0.00% 0.74% 15.93% 8.74% 0.00% 100% 100% 30% $75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,081,164.15 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 8/14/2023 - 11:21 AM Amortizing 1.70 Less than 3.0 Years Yes 43.30% 30% Under 365 Days Yes Yes 16 Portfolio Summary City of Lynwood July 31, 2023 Investments of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM Certificates of Deposit 5,909,000.00 5,743,705.97 Corporate Bonds 3,250,000.00 3,131,715.00 LAIF 9,787,060.32 9,787, 060.32 Money Market Funds 274,677.31 274,677.31 U.S. Agencies 10,440,000.00 10,029,673.60 U.S. Treasuries 7,500,000.00 7,062,159.70 Investments Total Earnings 5,906,071.96 15.93 1,145 3.28 3,240,191.58 8.74 698 3.23 9,787,060.32 26.39 1 3.31 274,677.31 0.74 1 5.07 10,397,066.78 28.04 856 3.22 7,476,096.21 20.16 674 1.46 37,160,737.63 36,028,991.90 July 31 Month Ending Fiscal Year To Date 37,081,164.15 100.00 620 2.91 Current Year 63,124.33 63,124.33 Average Daily Balance 37,031,276.89 37,031,276.89 Book Rate of Return 2.01% 2.01% Run Date: 8/14/2023 - 11:21 AM Amortizing 17 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 949763TF3 Wells Fargo Bank NA 08/30/2023 248,000.00 08/31/2018 247,429.60 99.74 247,363.01 0.67% NR/NR 3.300% 3.35% 247,990.62 6.43% 44.84 -627.61 NR 0.08 0.08 29278TLY4 EnerBank 09/27/2023 248,000.00 09/30/2019 247,523.84 99.31 246,281.67 0.67% NR/NR 2.000% 2.05% 247,981.06 6.43% 67.95 -1,699.39 NR 0.16 0.15 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.34 243,885.40 0.67% NR/NR 3.000% 3.05% 247,933.77 5.96% 3,159.45 -4,048.36 NR 0.58 0.56 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 95.38 236,534.27 0.67% NR/NR 1.850% 1.85% 248,000.00 6.20% 1,772.35 -11,465.73 NR 1.12 1.09 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 96.54 239,416.34 0.67% NR/NR 3.300% 3.30% 248,000.00 5.09% 313.91 -8,583.66 NR 2.05 1.94 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.65 224,802.98 0.67% NR/NR 0.500% 0.50% 248,000.00 5.15% 438.25 -23,197.02 NR 2.16 2.13 856283598 State Bank of India 1.000% 04/27/2026 248,000.00 04/27/2021 248,000.00 90.21 223,724.07 0.67% NR/NR 1.00% 248,000.00 4.86% 652.27 -24,275.93 NR 2.74 2.69 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 96.21 238,592.82 0.67% NR/NR 3.350% 3.35% 248,000.00 4.75% 569.04 -9,407.18 NR 2.94 2.77 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 89.46 221,866.33 0.67% NR/NR 0.950% 0.95% 248,000.00 4.82% 109.73 -26,133.67 NR 2.96 2.91 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 89.22 221,258.16 0.67% NR/NR 0.950% 0.95% 248,000.00 4.80% 135.55 -26,741.84 NR 3.03 2.96 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 100.28 248,693.79 0.67% NR/NR 4.750% 4.75% 248,000.00 4.65% 548.66 693.79 NR 3.13 2.82 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 101.17 250,899.51 0.67% NR/NR 5.000% 5.00% 248,000.00 4.60% 305.75 2,899.51 NR 3.15 2.83 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 100.54 249,336.50 0.67% NR/NR 4.550% 4.60% 247,556.10 4.40% 92.75 1,780.40 NR 3.92 3.53 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 96.25 238,701.86 0.67% NR/NR 3.400% 3.40% 248,000.00 4.45% 600.64 -9,298.14 NR 3.93 3.64 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 96.43 239,149.60 0.67% NR/NR 3.450% 3.45% 248,000.00 4.45% 586.03 -8,850.40 NR 3.94 3.64 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 96.82 240,125.39 0.67% NR/NR 3.550% 3.55% 248,000.00 4.42% 4,317.58 -7,874.61 NR 4.01 3.64 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 96.64 239,658.80 0.67% NR/NR 3.500% 3.50% 248,000.00 4.42% 4,232.99 -8,341.20 NR 4.01 3.65 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 96.63 239,653.18 0.67% NR/NR 3.500% 3.50% 248,000.00 4.42% 4,209.21 -8,346.82 NR 4.02 3.65 02589ADQ2 American Express National Bank 3.450% 08/10/2027 205,000.00 08/12/2022 203,975.00 96.44 197,694.63 0.55% NR/NR 3.56% 204,173.37 4.42% 3,332.79 -6,478.74 NR 4.03 3.67 Run Date: 8/14/2023 - 11:21 AM Amortizing 18 IV Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 101.30 251,232.60 0.67% NR/NR 4.600% 4.60% 248,000.00 4.29% 531.33 3,232.60 NR 4.63 4.05 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 102.13 253,284.16 0.67% NR/NR 4.800% 4.85% 247,495.31 4.29% 4,500.69 5,788.84 NR 4.63 4.03 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 101.66 252,104.85 0.67% NR/NR 4.650% 4.65% 248,000.00 4.25% 379.13 4,104.85 NR 4.64 4.06 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 100.37 248,908.29 0.67% NR/NR 4.350% 4.40% 247,469.68 4.26% 2,275.82 1,438.61 NR 4.80 4.25 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 101.02 250,537.75 0.67% NR/NR 4.500% 4.55% 247,472.05 4.26% 2,354.30 3,065.70 NR 4.80 4.23 Total Certificates of Deposit 5.909.000.00 5,904,252.52 5,743,705.97 3.28% 5,906,071.96 4.84% 35,531.01 15.93% 3.14 -162,366.00 2.87 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.04 247,587.50 0.68% Al/A+ 3.350% 3.03% 250,320.06 5.57% 535.07 -2,732.56 A+ 0.44 0.42 46625HJX9 1PMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.47 492,335.00 1.35% A1/A- 3.625% 2.97% 502,368.02 5.64% 3,927.08 -10,033.02 AA - 0.79 0.75 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.01 237,532.50 0.67% Aaa/AA+ 2.000% 2.08% 249,735.24 5.57% 125.00 -12,202.74 AAA 1.48 1.42 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.90 474,520.00 1.31% A2/A- 2.000% 4.04% 485,188.18 5.50% 4,638.89 -10,668.18 NR 1.55 1.47 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.51 241,270.00 0.70% Aa2/AA- 2.992% 02/19/2025 0.99% 257,837.42 5.25% 2,742.67 -16,567.42 NR 1.64 1.53 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.83 484,155.00 1.35% Aa3/AA- 4.050% 4.09% 499,572.89 5.70% 8,775.00 -15,417.89 AA - 2.07 1.91 037833BY5 Apple 02/23/2026 500,000.00 08/25/2022 496,085.00 96.46 482,280.00 1.34% Aaa/AA+ 3.250% 3.49% 497,130.66 4.73% 7,131.94 -14,850.66 NR 2.57 2.31 8085138W4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 93.60 234,007.50 0.67% A2/A- 3.300% 3.35% 249,562.83 5.24% 2,750.00 -15,555.33 A 3.67 3.29 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 95.21 238,027.50 0.67% Al/AA 3.300% 3.48% 248,476.30 4.72% 2,475.00 -10,448.80 AA - 3.70 3.35 Total Corporate Bonds 3.250,000.00 3,259,902.50 3,131,715.00 3.23% 3,240,191.58 5.35% 33,100.65 8.74% 1.91 -108,476.60 1.76 Run Date: 8/14/2023 - 11:21 AM Amortizing 19 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 08/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.310% 3.31% 9,787,060.32 1.00 3.31% 9,787,060.32 0.00 26.39% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9,787,060.32 9,787,060.32 26.39% 0.00 9.787.060.32 3.31% 9,787,060.32 3.31% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 08/01/2023 274,677.31 274,677.31 1.00 274,677.31 0.74% Aaa/AAA 5.070% 5.07% 274,677.31 5.07% 1,428.59 0.00 NR 0.00 0.00 Total Money Market Funds 274,677.31 274,677.31 274,677.31 5.07% 274,677.31 5.07% 1,428.59 0.74% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 3.250% 3.38% 1,638,745.46 98.74 5.40% 1,619,319.60 21,171.94 4.42% Aaa/AA+ -19,425.86 AAA 0.61 0.58 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 96.75 483,765.00 1.35% Aaa/AA+ 1.900% 1.90% 499,981.66 5.58% 791.67 -16,216.66 AAA 0.92 0.89 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 97.85 978,490.00 2.69% Aaa/AA+ 3.300% 3.39% 999,113.25 5.46% 15,216.67 -20,623.25 AAA 1.04 0.99 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 95.62 191,244.00 0.54% Aaa/AA+ 1.21 1.500% 1.67% 199,605.86 5.29% 875.00 -8,361.86 AAA 1.17 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.68 478,395.00 1.39% Aaa/AA+ 2.375% 0.49% 515,087.91 5.19% 4,519.10 -36,692.91 AAA 1.62 1.54 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.49 457,455.00 1.35% Aaa/AA+ 0.500% 02/18/2022 0.50% 500,000.00 4.96% 1,131.94 -42,545.00 AAA 2.04 1.98 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 4.000% 08/28/2023 4.00% 2,000,000.00 97.70 5.18% 1,953,900.00 34,000.00 5.39% Aaa/AA+ -46,100.00 AAA 2.08 1.60 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 90.95 454,770.00 1.35% Aaa/AA+ 0.375% 0.48% 498,913.63 4.87% 666.67 -44,143.63 AAA 2.15 2.08 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 89.88 449,420.00 1.35% Aaa/AA+ 1.370% 09/30/2023 1.37% 500,000.00 4.60% 589.86 -50,580.00 AAA 3.42 3.24 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 87.18 435,905.00 1.20% Aaa/AA+ 0.900% 08/26/2023 4.25% 445,619.01 4.85% 1,937.50 -9,714.01 AAA 3.58 3.40 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.87 575,220.00 1.62% Aaa/AA+ 3.250% 08/19/2023 3.25% 600,000.00 4.44% 3,900.00 -24,780.00 AAA 3.80 2.36 Run Date: 8/14/2023 - 11:21 AM Amortizing 20 10 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 96.01 960,120.00 2.70% Aaa/AA+ 4.07 4.050% 08/25/2023 4.05% 1,000,000.00 5.15% 17,550.00 -39,880.00 AAA 2.53 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 99.17 991,670.00 2.70% Aaa/AA+ 4.92 6.000% 09/28/2023 6.00% 1,000,000.00 6.20% 5,166.67 -8,330.00 AAA 0.84 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,029,673.60 3.22% 10,397,066.78 5.25% 107,517.02 28.04% 2.35 -367,393.18 1.59 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 98.95 860,821.50 2.32% P -1/A-1+ 0.20 0.000% 5.41% 860,789.45 5.33% 0.00 32.05 Fl+ 0.20 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 98.54 985,430.00 2.70% Aaa/AA+ 0.29 0.250% 0.25% 999,995.06 5.34% 529.89 -14,565.06 AAA 0.28 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 96.55 482,755.00 1.35% Aaa/AA+ 0.71 0.375% 0.69% 498,907.34 5.41% 553.28 -16,152.34 AAA 0.69 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 95.20 951,990.00 2.74% Aaa/AA+ 1.34 1.500% 0.43% 1,014,215.31 5.27% 2,540.98 -62,225.31 AAA 1.29 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 06/29/2021 491,542.97 91.78 458,885.00 1.34% Aaa/AA+ 1.84 0.250% 0.69% 496,043.15 5.00% 211.75 -37,158.15 AAA 1.78 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.47 904,650.00 2.68% Aaa/AA+ 2.34 0.375% 0.62% 994,369.87 4.74% 635.25 -89,719.87 AAA 2.26 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 89.98 449,920.00 1.34% Aaa/AA+ 2.51 0.375% 0.60% 497,171.98 4.67% 5.10 -47,251.98 AAA 2.43 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 89.98 899,770.00 2.70% Aaa/AA+ 2.84 0.750% 0.70% 1,001,390.20 4.56% 1,270.49 -101,620.20 AAA 2.72 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.59 447,930.00 1.34% Aaa/AA+ 3.17 0.875% 1.17% 495,485.47 4.44% 1,470.29 -47,555.47 AAA 3.03 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 98.41 620,008.20 1.67% Aaa/AA+ 4.42 3.875% 4.37% 617,728.38 4.27% 2,122.83 2,279.82 AAA 3.97 7,477,854.77 7,062,159.70 20.16% 1.85 Total U.S. Treasuries 7.500,000.00 1.46% 7,476,096.21 4.93% 9,339.86 -413,936.51 1.76 Run Date: 8/14/2023 - 11:21 AM Amortizing 21 Holdings Report City of Lynwood July 31, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37,114,278.02 37,160,737.63 2.91% 37,081,164.15 Mkt Price Mkt YTM 4.62% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,028,991.90 100.00% 1.70 186,917.13 -1,052,172.29 1.41 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,909.03 Run Date: 8/14/2023 - 11:21 AM Amortizing 22 Maturity Report City of Lynwood July 31, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Value Book YTM Days to Maturity FGTXX Goldman Sachs Govt MMF 274,677.31 5.070% 08/01/2023 274,677.31 1 274,677.31 5.07% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.310% 08/01/2023 9,787,060.32 1 9,787,060.32 3.31% 1 949763TF3 Wells Fargo Bank NA 08/31/2018 247,990.62 3.300% 08/30/2023 248,000.00 1,795 247,363.01 3.35% 30 29278TLY4 EnerBank 09/30/2019 247,981.06 2.000% 09/27/2023 248,000.00 1,400 246,281.67 2.05% 58 912797FA0 U.S. Treasury 07/13/2023 860,789.45 0.000% 10/12/2023 870,000.00 18 860,821.50 5.41% 73 91282CAW1 U.S. Treasury 07/22/2021 999,995.06 0.250% 11/15/2023 1,000,000.00 739 985,430.00 0.25% 107 89236TFS9 Toyota Motor Credit 02/28/2019 250,320.06 3.350% 01/08/2024 250,000.00 1,614 247,587.50 3.03% 161 17312Q3B3 Citibank 02/28/2019 247,933.77 3.000% 02/27/2024 248,000.00 1,614 243,885.40 3.05% 211 3130A0XE5 FHLB 08/22/2022 1,638,745.46 3.250% 03/08/2024 1,640,000.00 343 1,619,319.60 3.38% 221 91282CBV2 U.S. Treasury 11/22/2021 498,907.34 0.375% 04/15/2024 500,000.00 616 482,755.00 0.69% 259 46625HJX9 JPMorgan Chase & Co 05/13/2019 502,368.02 3.625% 05/13/2024 500,000.00 1,540 492,335.00 2.97% 287 3133EKTV8 FFCB 07/02/2019 499,981.66 1.900% 07/01/2024 500,000.00 1,490 483,765.00 1.90% 336 3133ENG20 FFCB 08/18/2022 999,113.25 3.300% 08/15/2024 1,000,000.00 347 978,490.00 3.39% 381 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,417 236,534.27 1.85% 410 3133EK3B0 FFCB 10/17/2019 199,605.86 1.500% 10/16/2024 200,000.00 1,383 191,244.00 1.67% 443 912828YV6 U.S. Treasury 07/22/2021 1,014,215.31 1.500% 11/30/2024 1,000,000.00 739 951,990.00 0.43% 488 64952WDL4 New York Life 01/22/2020 249,735.24 2.000% 01/22/2025 250,000.00 1,286 237,532.50 2.08% 541 88579YBH3 3M 09/07/2022 485,188.18 2.000% 02/14/2025 500,000.00 327 474,520.00 4.04% 564 3130A4CH3 FHLB 10/07/2020 515,087.91 2.375% 03/14/2025 500,000.00 1,027 478,395.00 0.49% 592 30231GBH4 Exxon Mobil 06/22/2020 257,837.42 2.992% 03/19/2025 250,000.00 1,134 241,270.00 0.99% 597 912828ZT0 U.S. Treasury 06/29/2021 496,043.15 0.250% 05/31/2025 500,000.00 762 458,885.00 0.69% 670 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,077 457,455.00 0.50% 743 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 347 239,416.34 3.30% 749 59217GFC8 MetLife 08/25/2022 499,572.89 4.050% 08/25/2025 500,000.00 340 484,155.00 4.09% 756 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 335 1,953,900.00 4.00% 759 3137EAEX3 FHLMC 10/20/2020 498,913.63 0.375% 09/23/2025 500,000.00 1,014 454,770.00 0.48% 785 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,039 224,802.98 0.50% 787 91282CAZ4 U.S. Treasury 07/22/2021 994,369.87 0.375% 11/30/2025 1,000,000.00 739 904,650.00 0.62% 853 91282CBH3 U.S. Treasury 02/25/2021 497,171.98 0.375% 01/31/2026 500,000.00 886 449,920.00 0.60% 915 037833BY5 Apple 08/25/2022 497,130.66 3.250% 02/23/2026 500,000.00 340 482,280.00 3.49% 938 856283S98 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 825 223,724.07 1.00% 1,001 91282CCF6 U.S. Treasury 07/22/2021 1,001,390.20 0.750% 05/31/2026 1,000,000.00 739 899,770.00 0.70% 1,035 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 389 238,592.82 3.35% 1,072 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 746 221,866.33 0.95% 1,080 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 719 221,258.16 0.95% 1,107 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 138 248,693.79 4.75% 1,142 Run Date: 8/14/2023 - 11:21 AM Amortizing 23 L I Maturity Report City of Lynwood July 31, 2023 Purchase Book Coupon Maturity Remaining CUSIP Issuer Date Value Rate Date Par Term Market Book Days to Value YTM Maturity 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248,000.00 130 250,899.51 5.00% 1,150 91282CCZ2 U.S. Treasury 10/19/2021 495,485.47 0.875% 09/30/2026 500,000.00 650 447,930.00 1.17% 1,157 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 578 449,420.00 1.37% 1,248 3130AL5A8 FHLB 02/09/2023 445,619.01 0.900% 02/26/2027 500,000.00 172 435,905.00 4.25% 1,306 808513BW4 Charles Schwab 04/12/2022 249,562.83 3.300% 04/01/2027 250,000.00 475 234,007.50 3.35% 1,340 023135CF1 Amazon 06/09/2022 248,476.30 3.300% 04/13/2027 250,000.00 417 238,027.50 3.48% 1,352 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 438 575,220.00 3.25% 1,388 910286GM9 United Fidelity Bank FSB 06/29/2023 247,556.10 4.550% 06/29/2027 248,000.00 32 249,336.50 4.60% 1,429 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 389 238,701.86 3.40% 1,436 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 389 239,149.60 3.45% 1,437 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 362 240,125.39 3.55% 1,464 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 361 239,658.80 3.50% 1,465 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 360 239,653.18 3.50% 1,466 02589ADQ2 American Express National Bank 08/12/2022 204,173.37 3.450% 08/10/2027 205,000.00 353 197,694.63 3.56% 1,471 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 335 960,120.00 4.05% 1,486 91282CGC9 U.S. Treasury 03/03/2023 617,728.38 3.875% 12/31/2027 630,000.00 150 620,008.20 4.37% 1,614 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 138 251,232.60 4.60% 1,689 61690U3C2 Morgan Stanley Bank 03/16/2023 247,495.31 4.800% 03/16/2028 248,000.00 137 253,284.16 4.85% 1,690 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 133 252,104.85 4.65% 1,694 12547CBJ6 CIBC Bank USA 05/17/2023 247,469.68 4.350% 05/16/2028 248,000.00 75 248,908.29 4.40% 1,751 05600XQE3 BMO Harris Bank NA 05/17/2023 247,472.05 4.500% 05/16/2028 248,000.00 75 250,537.75 4.55% 1,751 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 31 991,670.00 6.00% 1,794 Net Maturities and Averages 37,081,164.15 37,160,737.63 36,028,991.90 2.91% 620 Run Date: 8/14/2023 - 11:21 AM Amortizing 24 Income Earned Summary City of Lynwood July 31, 2023 July 31 Month End Fiscal Year To Date Interest Interest Received/Purchased 118,046.42 118,046.42 Plus Accrued Interest at End of Period 186,917.13 186,917.13 Less Accrued Interest at Beginning of Period -245,539.44 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 59,424.11 59,424.11 3,700.22 3,700.22 0.00 0.00 Total Earnings During Period 63,124.33 63,124.33 Run Date: 8/14/2023 - 11:21 AM Amortizing 25 LU Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 38148PR33 Goldman Sachs Bank 07/06/2023 0.00 247,998.13 0.00 3,946.26 4,058.37 0.00 112.11 1.87 113.98 949763TF3 Wells Fargo Bank NA 08/30/2023 248,000.00 247,980.93 247,990.62 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 EnerBank 09/27/2023 248,000.00 247,970.93 247,981.06 54.36 407.67 67.95 421.26 10.12 431.38 17312Q3B3 Citibank 02/27/2024 248,000.00 247,924.03 247,933.77 2,527.56 0.00 3,159.45 631.89 9.73 641.62 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 1,382.68 0.00 1,772.35 389.67 0.00 389.67 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 291.48 672.66 313.91 695.09 0.00 695.09 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 332.93 0.00 438.25 105.32 0.00 105.32 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 441.64 0.00 652.27 210.63 0.00 210.63 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 3,983.29 4,119.86 569.04 705.61 0.00 705.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 1,077.95 1,168.32 109.73 200.10 0.00 200.10 903481R93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 129.10 193.64 135.55 200.09 0.00 200.09 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 516.38 968.22 548.66 1,000.50 0.00 1,000.50 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 271.78 1,019.18 305.75 1,053.15 0.00 1,053.15 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,546.47 247,556.10 61.83 927.45 92.75 958.37 9.63 968.00 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 4,065.84 4,181.35 600.64 716.15 0.00 716.15 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 4,102.19 4,242.84 586.03 726.68 0.00 726.68 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 3,569.84 0.00 4,317.58 747.74 0.00 747.74 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 3,495.78 0.00 4,232.99 737.21 0.00 737.21 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 3,472.00 0.00 4,209.21 737.21 0.00 737.21 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,155.95 204,173.37 2,732.12 0.00 3,332.79 600.67 17.42 618.09 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 500.08 937.64 531.33 968.89 0.00 968.89 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,486.05 247,495.31 3,489.67 0.00 4,500.69 1,011.02 9.26 1,020.28 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 347.54 947.84 379.13 979.43 0.00 979.43 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,462.71 247,472.05 1,406.47 0.00 2,354.30 947.83 9.35 957.18 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,460.29 247,469.68 1,359.58 0.00 2,275.82 916.24 9.39 925.63 Certificates of Deposit - Sub Total 5,909,000.00 6,153,985.50 5,906,071.96 43,580.77 24,517.70 35,531.01 16,467.94 86.46 16,554.40 Commercial Paper 78015DU32 Royal Bank of Canada, NY Commercial Paper - Sub Total 07/03/2023 0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Corporate Bonds 90331HNV1 US Bank 07/24/2023 0.00 250,050.15 0.00 3,706.94 4,250.00 0.00 543.06 -50.15 492.91 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,380.83 250,320.06 4,024.65 4,187.50 535.07 697.92 -60.77 637.15 Run Date: 8/14/2023 - 11:21 AM Amortizing 26 LU Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 46625H1X9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,628.33 502,368.02 2,416.67 0.00 3,927.08 1,510.41 -260.31 1,250.10 64952WDL4 New York Life 01/22/2025 250,000.00 249,719.78 249,735.24 2,208.33 2,500.00 125.00 416.67 15.46 432.13 88579YBH3 3M 02/14/2025 500,000.00 484,357.86 485,188.18 3,805.56 0.00 4,638.89 833.33 830.32 1,663.65 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 258,250.61 257,837.42 2,119.33 0.00 2,742.67 623.34 -413.20 210.14 59217GFC8 MetLife 08/25/2025 500,000.00 499,555.09 499,572.89 7,087.50 0.00 8,775.00 1,687.50 17.80 1,705.30 037833BY5 Apple 02/23/2026 500,000.00 497,034.19 497,130.66 5,777.78 0.00 7,131.94 1,354.16 96.47 1,450.63 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,552.56 249,562.83 2,062.50 0.00 2,750.00 687.50 10.27 697.77 023135CF1 Amazon 04/13/2027 250,000.00 248,440.83 248,476.30 1,787.50 0.00 2,475.00 687.50 35.46 722.96 Corporate Bonds - Sub Total 3,250,000.00 3,489,970.23 3,240,191.58 34,996.76 10,937.50 33,100.65 9,041.39 221.35 9,262.74 LAIF 9819499 LAIF 08/01/2023 9,787,060.32 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF Money Market Funds - Sub Total 08/01/2023 274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 1,428.59 0.00 1,428.59 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,566.24 1,638,745.46 16,730.28 0.00 21,171.94 4,441.66 179.22 4,620.88 3133EKTV8 FFCB 07/01/2024 500,000.00 499,979.93 499,981.66 4,750.00 4,750.00 791.67 791.67 1.72 793.39 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,039.75 999,113.25 12,466.67 0.00 15,216.67 2,750.00 73.50 2,823.50 3133EK3B0 FFCB 10/16/2024 200,000.00 199,577.78 199,605.86 625.00 0.00 875.00 250.00 28.09 278.09 3130A4CH3 FHLB 03/14/2025 500,000.00 515,890.18 515,087.91 3,529.51 0.00 4,519.10 989.59 -802.27 187.32 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 923.61 0.00 1,131.94 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 27,333.33 0.00 34,000.00 6,666.67 0.00 6,666.67 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,870.00 498,913.63 510.42 0.00 666.67 156.25 43.62 199.87 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 19.03 0.00 589.86 570.83 0.00 570.83 3130AL5A8 FHLB 02/26/2027 500,000.00 444,307.10 445,619.01 1,562.50 0.00 1,937.50 375.00 1,311.91 1,686.91 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 2,275.00 0.00 3,900.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 14,175.00 0.00 17,550.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 166.67 0.00 5,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 396,230.98 10,397,066.78 85,067.02 4,750.00 107,517.02 27,200.00 835.80 28,035.80 Run Date: 8/14/2023 - 11:21 AM Amortizing 27 Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 0.00 860,789.45 0.00 0.00 0.00 0.00 2,335.07 2,335.07 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,993.63 999,995.06 319.29 0.00 529.89 210.60 1.43 212.03 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 498,776.56 498,907.34 394.47 0.00 553.28 158.81 130.78 289.59 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,015,118.33 1,014,215.31 1,270.49 0.00 2,540.98 1,270.49 -903.02 367.47 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 495,860.07 496,043.15 105.87 0.00 211.75 105.88 183.08 288.96 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,165.26 994,369.87 317.62 0.00 635.25 317.63 204.61 522.24 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,076.17 497,171.98 782.11 937.50 5.10 160.49 95.81 256.30 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,431.84 1,001,390.20 635.25 0.00 1,270.49 635.24 -41.64 593.60 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,364.51 495,485.47 1,099.73 0.00 1,470.29 370.56 120.96 491.52 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,492.68 617,728.38 66.34 0.00 2,122.83 2,056.49 235.70 2,292.19 U.S. Treasuries - Sub Total 7,500,000.00 6,615,279.05 7,476,096.21 4,991.17 937.50 9,339.86 5,286.19 2,362.79 7,648.98 Grand Total 37,160,737.63 36,959,417.52 37,081,164.15 245,539.44 118,046.42 186,917.13 59,424.11 3,700.22 63,124.33 Run Date: 8/14/2023 - 11:21 AM Amortizing 28 LO Realized Gains and Losses City of Lynwood July 01, 2023 - July 31, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 38148PR33 Goldman Sachs Bank 07/09/2018 248,000.00 07/06/2023 1,823 248,000.00 248,000.00 0.00 3.300% 07/06/2023 1,823 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Commercial Paper 78015DU32 10/07/2022 500,000.00 07/03/2023 269 500,000.00 500,000.00 0.00 Royal Bank of Canada, NY 0.000% 07/03/2023 269 Total Commercial Paper 500,000.00 500,000.00 0.00 Corporate Bonds 90331HNV1 US Bank 03/01/2019 250,000.00 07/24/2023 1,606 250,000.00 250,000.00 0.00 3.400% 07/24/2023 1,606 Total Corporate Bonds 250,000.00 250,000.00 0.00 Grand Total 998.000.00 998.000.00 0.00 Run Date: 8/14/2023 - 11:21 AM Amortizing 29 LJ Transaction Report City of Lynwood July 01, 2023 - July 31, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 07/03/2023 Interest 3133EKTV8 FFCB 1.9 07/01/24 07/01/2024 - - 4,750.00 07/03/2023 Maturity 78015DU32 ROYAL BK CAN NY 07/03/2023 - 500,000.00 07/05/2023 Interest FGTXX GSGF - - 660.20 07/06/2023 Interest 38148PR33 GS 3.3 07/06/23 07/06/2023 - - 4,058.37 07/06/2023 Maturity 38148PR33 GS 3.3 07/06/23 07/06/2023 - 248,000.00 07/06/2023 Interest 254673L38 DFS 3.4 07/06/27 07/06/2027 - - 4,181.35 07/07/2023 Interest 02007GUP6 GMATBK 3.35 07/07/26 07/07/2026 - 4,119.86 07/07/2023 Interest 14042RST9 COF 3.45 07/07/27 07/07/2027 - - 4,242.84 07/10/2023 Interest 89236TFS9 TOYOTA 3.35 01/08/24 01/08/2024 4,187.50 07/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 193.64 07/13/2023 Purchase 912797FA0 TREASURY BILL 10/12/2023 -858,454.38 07/14/2023 Interest 9819499 LAIF 76,243.52 07/17/2023 Interest 89235MLC3 TOYFBN 0.95 07/15/26 07/15/2026 - - 1,168.32 07/17/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 937.64 07/17/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 968.22 07/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 672.66 07/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 947.84 07/24/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,019.18 07/24/2023 Interest 64952WDL4 NYLIFE 2 01/22/25 01/22/2025 - 2,500.00 07/24/2023 Maturity 90331HNV1 USB 3.4 07/24/23 07/24/2023 - 250,000.00 07/24/2023 Interest 90331HNV1 USB 3.4 07/24/23 07/24/2023 4,250.00 07/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 407.67 07/31/2023 Interest 949763TF3 WFC 3.3 08/30/23 08/30/2023 - - 672.66 07/31/2023 Interest 91282CBH3 T 0 3/8 01/31/26 01/31/2026 - - 937.50 07/31/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 927.45 Grand Total: -858,454.38 998,000.00 118,046.42 0.00 0.00 Run Date: 8/14/2023 - 11:21 AM Amortizing 30 JV Portfolio Summary City of Lynwood 9/30/2023 SECTOR ALLOCATION AGY 27.9% LAIF TSY CD 14.5% CORP 10.0% MMF 1.2% 0% 26.3% 20.1% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 45.6% 19.3% 12.0% 14.0% 9.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.9% Aa1 Aa2 1 0.7% Aa3 1 1.3% Al 1 4.0% A2 1 2.0% A3 NR 40.8% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 9/30/23 8/31/23 Run Date: 10/6/2023 - 11:26 AM Amortizing $36,098,466 $37276243 -$1,177,777 -$1,167,439 $37,350,355 $37292,809 $96.84 $96.86 3.02% 2.97% 4.85% 4.79% 1.63 1.63 1.38 1.36 $36,050,870 $37,218,309 3.20% 3.00% - 2.80% - 2.60% - 2.40% - 2.20% - 2.00% - 1.80% - 1.60% , , N N U0 0 o z N N N 0 m N C CO m 41 LL m m N Q rn N (t5 M m m m V N N N -3 8.0 Q Issuer % Portfolio LAIF 26.3% U.S. Treasury 20.1% FHLB 18.0% FFCB 4.6% FHLMC 4.0% JPMorgan 1.3% FNMA 1.3% MetLife 1.3% Apple 1.3% Unilever Capital Corp 1.3% 3M 1.3% Goldman Sachs Govt MMF 1.2% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% 31 Investment Policy Compliance City of Lynwood 9/30/2023 Category Book Value % of Portfolio % Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,483,804.58 10,398,657.49 0.00 9,787,060.32 0.00 460,295.00 5,410,227.74 3,736,197.68 0.00 20.08% 27.90% 0.00% 26.26% 0.00% 1.23% 14.51% 10.02% 0.00% 100% 100% 30% 75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,276,242.81 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 10/6/2023 - 11:26 AM Amortizing 1.63 Less than 3.0 Years Yes 45.61% 30% Under 365 Days Yes Yes 32 Portfolio Summary City of Lynwood September 30, 2023 Investments Certificates of Deposit of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM 5,413, 000.00 5,134, 238.39 5,410,227.74 14.51 1,185 3.33 Corporate Bonds 3,750,000.00 3,614,455.00 3,736,197.68 10.02 792 3.48 LAIF 9,787,060.32 9,787,060.32 9,787,060.32 26.26 1 3.55 Money Market Funds 460,295.00 460,295.00 460,295.00 1.23 1 5.23 U.S. Agencies 10,440,000.00 10,023, 973.00 10,398,657.49 27.90 796 3.23 U.S. Treasuries 7,500,000.00 7,078,444.00 7,483,804.58 20.08 612 1.46 Investments Total Earnings 37,350,355.32 36,098,465.71 September 30 Month Ending Fiscal Year To Date 37,276,242.81 100.00 596 3.02 Current Year 61,701.84 188,680.93 Average Daily Balance 37,253,532.56 37,137,953.72 Book Rate of Return 2.02% 2.02% Run Date: 10/6/2023 - 11:31 AM Amortizing 33 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.41 3.000% 3.05% 247,952.91 5.67% 713.42 -2,459.74 NR 0.41 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.96 1.850% 1.85% 248,000.00 5.72% 226.26 -8,796.03 NR 0.94 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.88 3.300% 3.30% 248,000.00 5.60% 291.48 -10,115.75 NR 1.81 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.99 0.500% 0.50% 248,000.00 5.62% 20.38 -23,545.47 NR 1.98 856283598 State Bank of India 04/27/2026 248,000.00 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.58 1.000% 1.00% 248,000.00 5.49% 1,066.74 -26,407.85 NR 2.53 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.77 3.350% 3.35% 248,000.00 5.43% 1,957.50 -13,123.48 NR 2.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.79 0.950% 0.95% 248,000.00 5.46% 503.47 -28,586.85 NR 2.75 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.87 0.950% 0.95% 248,000.00 5.45% 129.10 -29,426.30 NR 2.82 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.96 4.750% 4.75% 248,000.00 5.40% 516.38 -4,403.36 NR 2.73 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.98 5.000% 5.00% 248,000.00 5.40% 271.78 -2,696.22 NR 2.74 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.75 4.550% 4.60% 247,575.05 5.29% 61.83 -5,764.89 NR 3.38 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.77 3.400% 3.40% 248,000.00 5.29% 2,009.82 -15,840.19 NR 3.48 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.77 3.450% 3.45% 248,000.00 5.29% 2,015.93 -15,425.87 NR 3.48 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.84 3.550% 3.55% 248,000.00 5.28% 1,423.11 -14,764.11 NR 3.55 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.14% 1,379.29 -14,056.64 NR 3.55 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.28% 1,355.51 -15,169.98 NR 3.56 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.86 3.450% 3.56% 204,207.65 5.28% 1,007.59 -12,128.99 NR 3.57 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.46 4.600% 4.60% 248,000.00 5.28% 500.08 -6,641.86 NR 3.99 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.46 4.800% 4.85% 247,513.53 5.27% 489.21 -4,147.98 NR 3.97 Run Date: 10/6/2023 - 11:32 AM Amortizing 34 IV Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.650% 4.65% 248,000.00 5.28% 347.54 -6,172.23 NR 4.47 3.99 12547CB16 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.350% 4.40% 247,488.15 5.29% 4,078.75 -8,913.63 NR 4.63 4.09 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.500% 4.55% 247,490.45 5.29% 4,219.40 -7,401.90 NR 4.63 4.07 Total Certificates of Deposit 5.413.000.00 5,409,299.08 5,134,238.39 3.33% 5,410,227.74 5.39% 24,584.57 14.51% 3.25 -275,989.32 2.99 Corporate Bonds 89236TF59 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.43 248,580.00 0.67% Al/A+ 3.350% 3.03% 250,198.52 5.43% 1,930.90 -1,618.52 A+ 0.27 0.26 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 3.625% 2.97% 501,872.58 5.77% 6,947.92 -8,342.58 AA - 0.62 0.58 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 2.000% 2.08% 249,764.66 5.78% 958.33 -11,552.16 AAA 1.32 1.25 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 2.000% 4.04% 486,768.46 5.99% 1,305.56 -12,678.46 NR 1.38 1.31 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 2.992% 02/19/2025 0.99% 257,051.01 5.45% 249.33 -15,628.51 NR 1.47 1.39 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 4.050% 4.09% 499,606.76 5.91% 2,025.00 -16,136.76 AA - 1.90 1.78 037833BY5 Apple 3.250% 02/23/2026 500,000.00 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 3.49% 497,314.27 5.24% 1,715.28 -19,479.27 NR 2.40 2.21 808513BW4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.300% 3.35% 249,582.37 5.96% 4,125.00 -20,312.37 A 3.50 3.20 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 94.16 235,390.00 0.67% Al/AA 3.300% 3.48% 248,543.79 5.13% 3,850.00 -13,153.79 AA - 3.54 3.19 904764855 Unilever Capital Corp 09/08/2028 500,000.00 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.875% 5.08% 495,495.27 5.22% 1,557.29 -2,840.27 A 4.95 4.27 Total Corporate Bonds 3.750.000.00 3,755,377.50 3,614,455.00 3.48% 3,736,197.68 5.60% 24,664.61 10.02% 2.17 -121,742.69 1.97 LAIF Run Date: 10/6/2023 - 11:32 AM Amortizing 35 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 10/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.550% 3.55% 9,787,060.32 1.00 3.55% 9,787,060.32 0.00 26.26% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9.787.060.32 9,787,060.32 9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 26.26% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 5.233% 460,295.00 5.23% 460,295.00 1.00 460,295.00 5.23% 2,454.70 1.23% Aaa/AAA 0.00 NR 0.00 0.00 Total Money Market Funds 460.295.00 460,295.00 460,295.00 5.23% 460,295.00 5.23% 2,454.70 1.23% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.44 3.250% 3.38% 1,639,086.56 5.51% 3,405.28 -15,076.56 AAA 0.42 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.75 1.900% 1.90% 499,984.94 5.63% 2,375.00 -13,574.94 AAA 0.72 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.88 3.300% 3.39% 999,253.14 5.43% 4,216.67 -17,293.14 AAA 0.84 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.05 1.500% 1.67% 199,659.32 5.44% 1,375.00 -7,565.32 AAA 1.00 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.45 2.375% 0.49% 513,561.00 5.33% 560.76 -33,986.00 AAA 1.39 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.87 0.500% 02/18/2022 0.50% 500,000.00 5.17% 298.61 -41,035.00 AAA 1.82 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.91 4.000% 11/28/2023 4.00% 2,000,000.00 5.43% 7,333.33 -51,180.00 AAA 1.59 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.98 0.375% 0.48% 498,996.65 5.11% 41.67 -43,096.65 AAA 1.92 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.25 1.370% 12/30/2023 1.37% 500,000.00 5.09% 1,731.53 -55,095.00 AAA 3.08 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.41 0.900% 11/26/2023 4.25% 448,115.88 5.12% 437.50 -13,325.88 AAA 3.26 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.64 3.250% 11/19/2023 3.25% 600,000.00 4.57% 7,150.00 -26,346.00 AAA 2.40 Run Date: 10/6/2023 - 11:32 AM Amortizing 36 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 4.050% 11/25/2023 4.05% 1,000,000.00 5.36% 4,050.00 -45,700.00 AAA 3.90 2.75 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 6.000% 10/28/2023 6.00% 1,000,000.00 6.28% 15,166.67 -11,410.00 AAA 4.75 0.94 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,023,973.00 3.23% 10,398,657.49 5.42% 48,142.02 27.90% 2.18 -374,684.49 1.54 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 99.85 868,729.80 2.33% P -1/A-1+ 0.000% 5.41% 868,443.29 4.45% 0.00 286.51 Fl+ 0.03 0.04 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.250% 0.25% 999,997.88 5.23% 944.29 -6,187.88 AAA 0.13 0.12 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.375% 0.69% 499,164.69 5.42% 865.78 -12,444.69 AAA 0.54 0.52 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 1.500% 0.43% 1,012,438.40 95.68 956,760.00 5.37% 5,040.98 2.72% Aaa/AA+ -55,678.40 AAA 1.17 1.12 912828ZT0 U.S. Treasury 0.250% 05/31/2025 500,000.00 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 0.69% 496,403.40 5.19% 420.08 -35,348.40 AAA 1.67 1.61 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 0.375% 0.62% 994,772.50 5.00% 1,260.25 -88,562.50 AAA 2.17 2.10 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 0.375% 0.60% 497,360.51 4.95% 315.90 -47,225.51 AAA 2.34 2.26 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 0.750% 0.70% 1,001,308.26 89.81 898,130.00 4.87% 2,520.49 2.69% Aaa/AA+ -103,178.26 AAA 2.67 2.56 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 0.875% 1.17% 495,723.49 4.77% 11.95 -49,513.49 AAA 3.00 2.88 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 3.875% 4.37% 618,192.17 4.68% 6,169.46 -7,507.97 AAA 4.25 3.81 7,477,854.77 7,078,444.00 20.08% 1.68 Total U.S. Treasuries 7.500,000.00 1.46% 7,483,804.58 4.99% 17,549.18 -405,360.59 1.59 Run Date: 10/6/2023 - 11:32 AM Amortizing 37 1� Holdings Report City of Lynwood September 30, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37.300.417.27 37,350,355.32 3.02% 37,276,242.81 Mkt Price Mkt YTM 4.85% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,098,465.71 100.00% 1.63 117,395.08 -1,177,777.09 1.38 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM Amortizing 38 LV Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Book Days to Value YTM Maturity FGTXX Goldman Sachs Govt MMF 460,295.00 5.233% 10/01/2023 460,295.00 1 460,295.00 5.23% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.550% 10/01/2023 9,787,060.32 1 9,787,060.32 3.55% 1 912797FA0 U.S. Treasury 07/13/2023 868,443.29 0.000% 10/12/2023 870,000.00 79 868,729.80 5.41% 12 91282CAW1 U.S. Treasury 07/22/2021 999,997.88 0.250% 11/15/2023 1,000,000.00 800 993,810.00 0.25% 46 89236TF59 Toyota Motor Credit 02/28/2019 250,198.52 3.350% 01/08/2024 250,000.00 1,675 248,580.00 3.03% 100 17312Q3B3 Citibank 02/28/2019 247,952.91 3.000% 02/27/2024 248,000.00 1,675 245,493.17 3.05% 150 3130A0XE5 FHLB 08/22/2022 1,639,086.56 3.250% 03/08/2024 1,640,000.00 404 1,624,010.00 3.38% 160 91282CBV2 U.S. Treasury 11/22/2021 499,164.69 0.375% 04/15/2024 500,000.00 677 486,720.00 0.69% 198 46625HJX9 JPMorgan Chase & Co 05/13/2019 501,872.58 3.625% 05/13/2024 500,000.00 1,601 493,530.00 2.97% 226 3133EKTV8 FFCB 07/02/2019 499,984.94 1.900% 07/01/2024 500,000.00 1,551 486,410.00 1.90% 275 3133ENG20 FFCB 08/18/2022 999,253.14 3.300% 08/15/2024 1,000,000.00 408 981,960.00 3.39% 320 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,478 239,203.97 1.85% 349 3133EK3B0 FFCB 10/17/2019 199,659.32 1.500% 10/16/2024 200,000.00 1,444 192,094.00 1.67% 382 912828YV6 U.S. Treasury 07/22/2021 1,012,438.40 1.500% 11/30/2024 1,000,000.00 800 956,760.00 0.43% 427 64952WDL4 New York Life 01/22/2020 249,764.66 2.000% 01/22/2025 250,000.00 1,347 238,212.50 2.08% 480 88579YBH3 3M 09/07/2022 486,768.46 2.000% 02/14/2025 500,000.00 388 474,090.00 4.04% 503 3130A4CH3 FHLB 10/07/2020 513,561.00 2.375% 03/14/2025 500,000.00 1,088 479,575.00 0.49% 531 30231GBH4 Exxon Mobil 06/22/2020 257,051.01 2.992% 03/19/2025 250,000.00 1,195 241,422.50 0.99% 536 912828ZT0 U.S. Treasury 06/29/2021 496,403.40 0.250% 05/31/2025 500,000.00 823 461,055.00 0.69% 609 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,138 458,965.00 0.50% 682 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 408 237,884.25 3.30% 688 59217GFC8 MetLife 08/25/2022 499,606.76 4.050% 08/25/2025 500,000.00 401 483,470.00 4.09% 695 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 396 1,948,820.00 4.00% 698 3137EAEX3 FHLMC 10/20/2020 498,996.65 0.375% 09/23/2025 500,000.00 1,075 455,900.00 0.48% 724 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,100 224,454.53 0.50% 726 91282CAZ4 U.S. Treasury 07/22/2021 994,772.50 0.375% 11/30/2025 1,000,000.00 800 906,210.00 0.62% 792 91282CBH3 U.S. Treasury 02/25/2021 497,360.51 0.375% 01/31/2026 500,000.00 947 450,135.00 0.60% 854 037833BY5 Apple 08/25/2022 497,314.27 3.250% 02/23/2026 500,000.00 401 477,835.00 3.49% 877 856283598 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 886 221,592.15 1.00% 940 91282CCF6 U.S. Treasury 07/22/2021 1,001,308.26 0.750% 05/31/2026 1,000,000.00 800 898,130.00 0.70% 974 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 450 234,876.52 3.35% 1,011 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 807 219,413.15 0.95% 1,019 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 780 218,573.70 0.95% 1,046 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 199 243,596.64 4.75% 1,081 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248, 000.00 191 245, 303.78 5.00% 1,089 91282CCZ2 U.S. Treasury 10/19/2021 495,723.49 0.875% 09/30/2026 500,000.00 711 446,210.00 1.17% 1,096 Run Date: 10/6/2023 - 11:32 AM Amortizing 39 LI Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Value Coupon Rate Maturity Date Remaining Par Term Market Value Book YTM Days to Maturity 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 639 444,905.00 1.37% 1,187 3130AL5A8 FHLB 02/09/2023 448,115.88 0.900% 02/26/2027 500,000.00 233 434,790.00 4.25% 1,245 808513BW4 Charles Schwab 04/12/2022 249,582.37 3.300% 04/01/2027 250,000.00 536 229,270.00 3.35% 1,279 023135CF1 Amazon 06/09/2022 248,543.79 3.300% 04/13/2027 250,000.00 478 235,390.00 3.48% 1,291 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 499 573,654.00 3.25% 1,327 910286GM9 United Fidelity Bank FSB 06/29/2023 247,575.05 4.550% 06/29/2027 248,000.00 93 241,810.16 4.60% 1,368 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 450 232,159.81 3.40% 1,375 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 450 232,574.13 3.45% 1,376 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 423 233,235.89 3.55% 1,403 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 422 233,943.36 3.50% 1,404 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 421 232,830.02 3.50% 1,405 02589ADQ2 American Express National Bank 08/12/2022 204,207.65 3.450% 08/10/2027 205,000.00 414 192,078.66 3.56% 1,410 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 396 954,300.00 4.05% 1,425 91282CGC9 U.S. Treasury 03/03/2023 618,192.17 3.875% 12/31/2027 630,000.00 211 610,684.20 4.37% 1,553 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 199 241,358.14 4.60% 1,628 61690U3C2 Morgan Stanley Bank 03/16/2023 247,513.53 4.800% 03/16/2028 248,000.00 198 243,365.55 4.85% 1,629 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 194 241,827.77 4.65% 1,633 12547CBJ6 CIBC Bank USA 05/17/2023 247,488.15 4.350% 05/16/2028 248,000.00 136 238,574.52 4.40% 1,690 05600XQE3 BMO Harris Bank NA 05/17/2023 247,490.45 4.500% 05/16/2028 248,000.00 136 240,088.54 4.55% 1,690 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 92 988,590.00 6.00% 1,733 904764655 Unilever Capital Corp 09/22/2023 495,495.27 4.875% 09/08/2028 500,000.00 8 492,655.00 5.08% 1,805 Net Maturities and Averages 37,276,242.81 37,350,355.32 36,098,465.71 3.02% 596 Run Date: 10/6/2023 - 11:32 AM Amortizing 40 LL Income Earned Summary City of Lynwood September 30, 2023 September 30 Month End Fiscal Year To Date Interest Interest Received/Purchased 53,021.16 303,139.11 Plus Accrued Interest at End of Period 117,395.08 117,395.08 Less Accrued Interest at Beginning of Period -113,626.98 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 56,789.26 174,994.75 4,912.58 13,686.18 0.00 0.00 Total Earnings During Period 61,701.84 188,680.93 Run Date: 10/6/2023 - 11:32 AM Amortizing 41 Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 29278TLY4 EnerBank 09/27/2023 0.00 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 Citibank 02/27/2024 248,000.00 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,479.06 247,488.15 3,192.07 0.00 4,078.75 886.68 9.09 895.77 Certificates of Deposit - Sub Total 5,413,000.00 5,658,156.23 5,410,227.74 24,699.05 15,215.65 24,584.57 15,101.17 71.50 15,172.67 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 New York Life 01/22/2025 250,000.00 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 3M 02/14/2025 500,000.00 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 MetLife 08/25/2025 500,000.00 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 Apple 02/23/2026 500,000.00 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,572.76 249,582.37 3,437.50 0.00 4,125.00 687.50 9.60 697.10 Run Date: 10/6/2023 - 11:32 AM Amortizing 42 Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 023135CF1 Amazon 04/13/2027 250,000.00 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764B55 Unilever Capital Corp 09/08/2028 500,000.00 0.00 495,495.27 0.00 -947.92 1,557.29 609.37 20.27 629.64 Corporate Bonds - Sub Total 3,750,000.00 3,240,452.36 3, 736,19 7.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF 9819499 LAIF 10/01/2023 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 Money Market Funds - Sub Total 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,918.90 1,639,086.56 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 FFCB 07/01/2024 500,000.00 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 FFCB 10/16/2024 200,000.00 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 FHLB 03/14/2025 500,000.00 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 FHLB 02/26/2027 500,000.00 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 10,166.67 0.00 15,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 397,875.61 10,398,657.49 54,467.02 33,525.00 48,142.02 27,200.00 781.88 27,981.88 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,013,312.29 1,012,438.40 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 Run Date: 10/6/2023 - 11:32 AM Amortizing 43 LI Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,964.08 618,192.17 4,179.31 0.00 6,169.46 1,990.15 228.10 2,218.25 U.S. Treasuries - Sub Total 7,500,000.00 7,480,015.71 7,483,804.58 14, 623.49 0.00 17,549.18 2,925.69 3,788.88 6,714.57 Grand Total 37,350,355.32 37,218,309.07 37,276,242.81 113, 62 6.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM Amortizing 44 Realized Gains and Losses City of Lynwood September 01, 2023 - September 30, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 29278TLY4 EnerBank 09/30/2019 248,000.00 09/27/2023 1,458 248,000.00 248,000.00 0.00 2.000% 09/27/2023 1,458 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Grand Total 248.000.00 248.000.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 45 LU Transaction Report City of Lynwood September 01, 2023 - September 30, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/05/2023 Interest FGTXX GSGF 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 09/22/2023 Purchase 904764B55 UNANA 4 7/8 09/08/28 09/08/2028 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 -495,475.00 248,000.00 1,488.43 26,650.00 200.10 2,312.85 5,937.50 1,000.49 968.90 6,000.92 695.08 3,740.00 979.43 -947.92 625.10 937.50 1,053.15 421.26 958.37 Grand Total: -495,475.00 248,000.00 53,021.16 0.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 46 w Portfolio Summary City of Lynwood 9/30/2023 SECTOR ALLOCATION AGY 27.9% LAIF TSY CD 14.5% CORP 10.0% MMF 1.2% 0% 26.3% 20.1% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 45.6% 19.3% 12.0% 14.0% 9.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.9% Aa1 Aa2 1 0.7% Aa3 1 1.3% Al 1 4.0% A2 1 2.0% A3 NR 40.8% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 9/30/23 8/31/23 Run Date: 10/6/2023 - 11:26 AM Amortizing $36,098,466 $37276243 -$1,177,777 -$1,167,439 $37,350,355 $37292,809 $96.84 $96.86 3.02% 2.97% 4.85% 4.79% 1.63 1.63 1.38 1.36 $36,050,870 $37,218,309 3.20% 3.00% - 2.80% - 2.60% - 2.40% - 2.20% - 2.00% - 1.80% - 1.60% , , N N U0 0 o z N N N 0 m N C CO m 41 LL m m N Q rn N (t5 M m m m V N N N -3 8.0 Q Issuer % Portfolio LAIF 26.3% U.S. Treasury 20.1% FHLB 18.0% FFCB 4.6% FHLMC 4.0% JPMorgan 1.3% FNMA 1.3% MetLife 1.3% Apple 1.3% Unilever Capital Corp 1.3% 3M 1.3% Goldman Sachs Govt MMF 1.2% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% 47 Investment Policy Compliance City of Lynwood 9/30/2023 Category Book Value % of Portfolio % Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,483,804.58 10,398,657.49 0.00 9,787,060.32 0.00 460,295.00 5,410,227.74 3,736,197.68 0.00 20.08% 27.90% 0.00% 26.26% 0.00% 1.23% 14.51% 10.02% 0.00% 100% 100% 30% 75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,276,242.81 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 10/6/2023 - 11:26 AM Amortizing 1.63 Less than 3.0 Years Yes 45.61% 30% Under 365 Days Yes Yes 48 Portfolio Summary City of Lynwood September 30, 2023 Investments Certificates of Deposit of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM 5,413, 000.00 5,134, 238.39 5,410,227.74 14.51 1,185 3.33 Corporate Bonds 3,750,000.00 3,614,455.00 3,736,197.68 10.02 792 3.48 LAIF 9,787,060.32 9,787,060.32 9,787,060.32 26.26 1 3.55 Money Market Funds 460,295.00 460,295.00 460,295.00 1.23 1 5.23 U.S. Agencies 10,440,000.00 10,023, 973.00 10,398,657.49 27.90 796 3.23 U.S. Treasuries 7,500,000.00 7,078,444.00 7,483,804.58 20.08 612 1.46 Investments Total Earnings 37,350,355.32 36,098,465.71 September 30 Month Ending Fiscal Year To Date 37,276,242.81 100.00 596 3.02 Current Year 61,701.84 188,680.93 Average Daily Balance 37,253,532.56 37,137,953.72 Book Rate of Return 2.02% 2.02% Run Date: 10/6/2023 - 11:31 AM Amortizing 49 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.41 3.000% 3.05% 247,952.91 5.67% 713.42 -2,459.74 NR 0.41 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.96 1.850% 1.85% 248,000.00 5.72% 226.26 -8,796.03 NR 0.94 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.88 3.300% 3.30% 248,000.00 5.60% 291.48 -10,115.75 NR 1.81 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.99 0.500% 0.50% 248,000.00 5.62% 20.38 -23,545.47 NR 1.98 856283598 State Bank of India 04/27/2026 248,000.00 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.58 1.000% 1.00% 248,000.00 5.49% 1,066.74 -26,407.85 NR 2.53 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.77 3.350% 3.35% 248,000.00 5.43% 1,957.50 -13,123.48 NR 2.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.79 0.950% 0.95% 248,000.00 5.46% 503.47 -28,586.85 NR 2.75 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.87 0.950% 0.95% 248,000.00 5.45% 129.10 -29,426.30 NR 2.82 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.96 4.750% 4.75% 248,000.00 5.40% 516.38 -4,403.36 NR 2.73 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.98 5.000% 5.00% 248,000.00 5.40% 271.78 -2,696.22 NR 2.74 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.75 4.550% 4.60% 247,575.05 5.29% 61.83 -5,764.89 NR 3.38 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.77 3.400% 3.40% 248,000.00 5.29% 2,009.82 -15,840.19 NR 3.48 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.77 3.450% 3.45% 248,000.00 5.29% 2,015.93 -15,425.87 NR 3.48 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.84 3.550% 3.55% 248,000.00 5.28% 1,423.11 -14,764.11 NR 3.55 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.14% 1,379.29 -14,056.64 NR 3.55 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.28% 1,355.51 -15,169.98 NR 3.56 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.86 3.450% 3.56% 204,207.65 5.28% 1,007.59 -12,128.99 NR 3.57 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.46 4.600% 4.60% 248,000.00 5.28% 500.08 -6,641.86 NR 3.99 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.46 4.800% 4.85% 247,513.53 5.27% 489.21 -4,147.98 NR 3.97 Run Date: 10/6/2023 - 11:32 AM Amortizing 50 IV Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.650% 4.65% 248,000.00 5.28% 347.54 -6,172.23 NR 4.47 3.99 12547CB16 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.350% 4.40% 247,488.15 5.29% 4,078.75 -8,913.63 NR 4.63 4.09 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.500% 4.55% 247,490.45 5.29% 4,219.40 -7,401.90 NR 4.63 4.07 Total Certificates of Deposit 5.413.000.00 5,409,299.08 5,134,238.39 3.33% 5,410,227.74 5.39% 24,584.57 14.51% 3.25 -275,989.32 2.99 Corporate Bonds 89236TF59 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.43 248,580.00 0.67% Al/A+ 3.350% 3.03% 250,198.52 5.43% 1,930.90 -1,618.52 A+ 0.27 0.26 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 3.625% 2.97% 501,872.58 5.77% 6,947.92 -8,342.58 AA - 0.62 0.58 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 2.000% 2.08% 249,764.66 5.78% 958.33 -11,552.16 AAA 1.32 1.25 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 2.000% 4.04% 486,768.46 5.99% 1,305.56 -12,678.46 NR 1.38 1.31 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 2.992% 02/19/2025 0.99% 257,051.01 5.45% 249.33 -15,628.51 NR 1.47 1.39 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 4.050% 4.09% 499,606.76 5.91% 2,025.00 -16,136.76 AA - 1.90 1.78 037833BY5 Apple 3.250% 02/23/2026 500,000.00 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 3.49% 497,314.27 5.24% 1,715.28 -19,479.27 NR 2.40 2.21 808513BW4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.300% 3.35% 249,582.37 5.96% 4,125.00 -20,312.37 A 3.50 3.20 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 94.16 235,390.00 0.67% Al/AA 3.300% 3.48% 248,543.79 5.13% 3,850.00 -13,153.79 AA - 3.54 3.19 904764855 Unilever Capital Corp 09/08/2028 500,000.00 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.875% 5.08% 495,495.27 5.22% 1,557.29 -2,840.27 A 4.95 4.27 Total Corporate Bonds 3.750.000.00 3,755,377.50 3,614,455.00 3.48% 3,736,197.68 5.60% 24,664.61 10.02% 2.17 -121,742.69 1.97 LAIF Run Date: 10/6/2023 - 11:32 AM Amortizing 51 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 10/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.550% 3.55% 9,787,060.32 1.00 3.55% 9,787,060.32 0.00 26.26% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9.787.060.32 9,787,060.32 9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 26.26% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 5.233% 460,295.00 5.23% 460,295.00 1.00 460,295.00 5.23% 2,454.70 1.23% Aaa/AAA 0.00 NR 0.00 0.00 Total Money Market Funds 460.295.00 460,295.00 460,295.00 5.23% 460,295.00 5.23% 2,454.70 1.23% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.44 3.250% 3.38% 1,639,086.56 5.51% 3,405.28 -15,076.56 AAA 0.42 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.75 1.900% 1.90% 499,984.94 5.63% 2,375.00 -13,574.94 AAA 0.72 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.88 3.300% 3.39% 999,253.14 5.43% 4,216.67 -17,293.14 AAA 0.84 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.05 1.500% 1.67% 199,659.32 5.44% 1,375.00 -7,565.32 AAA 1.00 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.45 2.375% 0.49% 513,561.00 5.33% 560.76 -33,986.00 AAA 1.39 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.87 0.500% 02/18/2022 0.50% 500,000.00 5.17% 298.61 -41,035.00 AAA 1.82 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.91 4.000% 11/28/2023 4.00% 2,000,000.00 5.43% 7,333.33 -51,180.00 AAA 1.59 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.98 0.375% 0.48% 498,996.65 5.11% 41.67 -43,096.65 AAA 1.92 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.25 1.370% 12/30/2023 1.37% 500,000.00 5.09% 1,731.53 -55,095.00 AAA 3.08 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.41 0.900% 11/26/2023 4.25% 448,115.88 5.12% 437.50 -13,325.88 AAA 3.26 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.64 3.250% 11/19/2023 3.25% 600,000.00 4.57% 7,150.00 -26,346.00 AAA 2.40 Run Date: 10/6/2023 - 11:32 AM Amortizing 52 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 4.050% 11/25/2023 4.05% 1,000,000.00 5.36% 4,050.00 -45,700.00 AAA 3.90 2.75 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 6.000% 10/28/2023 6.00% 1,000,000.00 6.28% 15,166.67 -11,410.00 AAA 4.75 0.94 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,023,973.00 3.23% 10,398,657.49 5.42% 48,142.02 27.90% 2.18 -374,684.49 1.54 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 99.85 868,729.80 2.33% P -1/A-1+ 0.000% 5.41% 868,443.29 4.45% 0.00 286.51 Fl+ 0.03 0.04 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.250% 0.25% 999,997.88 5.23% 944.29 -6,187.88 AAA 0.13 0.12 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.375% 0.69% 499,164.69 5.42% 865.78 -12,444.69 AAA 0.54 0.52 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 1.500% 0.43% 1,012,438.40 95.68 956,760.00 5.37% 5,040.98 2.72% Aaa/AA+ -55,678.40 AAA 1.17 1.12 912828ZT0 U.S. Treasury 0.250% 05/31/2025 500,000.00 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 0.69% 496,403.40 5.19% 420.08 -35,348.40 AAA 1.67 1.61 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 0.375% 0.62% 994,772.50 5.00% 1,260.25 -88,562.50 AAA 2.17 2.10 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 0.375% 0.60% 497,360.51 4.95% 315.90 -47,225.51 AAA 2.34 2.26 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 0.750% 0.70% 1,001,308.26 89.81 898,130.00 4.87% 2,520.49 2.69% Aaa/AA+ -103,178.26 AAA 2.67 2.56 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 0.875% 1.17% 495,723.49 4.77% 11.95 -49,513.49 AAA 3.00 2.88 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 3.875% 4.37% 618,192.17 4.68% 6,169.46 -7,507.97 AAA 4.25 3.81 7,477,854.77 7,078,444.00 20.08% 1.68 Total U.S. Treasuries 7.500,000.00 1.46% 7,483,804.58 4.99% 17,549.18 -405,360.59 1.59 Run Date: 10/6/2023 - 11:32 AM Amortizing 53 1� Holdings Report City of Lynwood September 30, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37.300.417.27 37,350,355.32 3.02% 37,276,242.81 Mkt Price Mkt YTM 4.85% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,098,465.71 100.00% 1.63 117,395.08 -1,177,777.09 1.38 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM Amortizing 54 LV Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Book Days to Value YTM Maturity FGTXX Goldman Sachs Govt MMF 460,295.00 5.233% 10/01/2023 460,295.00 1 460,295.00 5.23% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.550% 10/01/2023 9,787,060.32 1 9,787,060.32 3.55% 1 912797FA0 U.S. Treasury 07/13/2023 868,443.29 0.000% 10/12/2023 870,000.00 79 868,729.80 5.41% 12 91282CAW1 U.S. Treasury 07/22/2021 999,997.88 0.250% 11/15/2023 1,000,000.00 800 993,810.00 0.25% 46 89236TF59 Toyota Motor Credit 02/28/2019 250,198.52 3.350% 01/08/2024 250,000.00 1,675 248,580.00 3.03% 100 17312Q3B3 Citibank 02/28/2019 247,952.91 3.000% 02/27/2024 248,000.00 1,675 245,493.17 3.05% 150 3130A0XE5 FHLB 08/22/2022 1,639,086.56 3.250% 03/08/2024 1,640,000.00 404 1,624,010.00 3.38% 160 91282CBV2 U.S. Treasury 11/22/2021 499,164.69 0.375% 04/15/2024 500,000.00 677 486,720.00 0.69% 198 46625HJX9 JPMorgan Chase & Co 05/13/2019 501,872.58 3.625% 05/13/2024 500,000.00 1,601 493,530.00 2.97% 226 3133EKTV8 FFCB 07/02/2019 499,984.94 1.900% 07/01/2024 500,000.00 1,551 486,410.00 1.90% 275 3133ENG20 FFCB 08/18/2022 999,253.14 3.300% 08/15/2024 1,000,000.00 408 981,960.00 3.39% 320 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,478 239,203.97 1.85% 349 3133EK3B0 FFCB 10/17/2019 199,659.32 1.500% 10/16/2024 200,000.00 1,444 192,094.00 1.67% 382 912828YV6 U.S. Treasury 07/22/2021 1,012,438.40 1.500% 11/30/2024 1,000,000.00 800 956,760.00 0.43% 427 64952WDL4 New York Life 01/22/2020 249,764.66 2.000% 01/22/2025 250,000.00 1,347 238,212.50 2.08% 480 88579YBH3 3M 09/07/2022 486,768.46 2.000% 02/14/2025 500,000.00 388 474,090.00 4.04% 503 3130A4CH3 FHLB 10/07/2020 513,561.00 2.375% 03/14/2025 500,000.00 1,088 479,575.00 0.49% 531 30231GBH4 Exxon Mobil 06/22/2020 257,051.01 2.992% 03/19/2025 250,000.00 1,195 241,422.50 0.99% 536 912828ZT0 U.S. Treasury 06/29/2021 496,403.40 0.250% 05/31/2025 500,000.00 823 461,055.00 0.69% 609 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,138 458,965.00 0.50% 682 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 408 237,884.25 3.30% 688 59217GFC8 MetLife 08/25/2022 499,606.76 4.050% 08/25/2025 500,000.00 401 483,470.00 4.09% 695 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 396 1,948,820.00 4.00% 698 3137EAEX3 FHLMC 10/20/2020 498,996.65 0.375% 09/23/2025 500,000.00 1,075 455,900.00 0.48% 724 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,100 224,454.53 0.50% 726 91282CAZ4 U.S. Treasury 07/22/2021 994,772.50 0.375% 11/30/2025 1,000,000.00 800 906,210.00 0.62% 792 91282CBH3 U.S. Treasury 02/25/2021 497,360.51 0.375% 01/31/2026 500,000.00 947 450,135.00 0.60% 854 037833BY5 Apple 08/25/2022 497,314.27 3.250% 02/23/2026 500,000.00 401 477,835.00 3.49% 877 856283598 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 886 221,592.15 1.00% 940 91282CCF6 U.S. Treasury 07/22/2021 1,001,308.26 0.750% 05/31/2026 1,000,000.00 800 898,130.00 0.70% 974 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 450 234,876.52 3.35% 1,011 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 807 219,413.15 0.95% 1,019 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 780 218,573.70 0.95% 1,046 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 199 243,596.64 4.75% 1,081 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248, 000.00 191 245, 303.78 5.00% 1,089 91282CCZ2 U.S. Treasury 10/19/2021 495,723.49 0.875% 09/30/2026 500,000.00 711 446,210.00 1.17% 1,096 Run Date: 10/6/2023 - 11:32 AM Amortizing 55 Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Value Coupon Rate Maturity Date Remaining Par Term Market Value Book YTM Days to Maturity 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 639 444,905.00 1.37% 1,187 3130AL5A8 FHLB 02/09/2023 448,115.88 0.900% 02/26/2027 500,000.00 233 434,790.00 4.25% 1,245 808513BW4 Charles Schwab 04/12/2022 249,582.37 3.300% 04/01/2027 250,000.00 536 229,270.00 3.35% 1,279 023135CF1 Amazon 06/09/2022 248,543.79 3.300% 04/13/2027 250,000.00 478 235,390.00 3.48% 1,291 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 499 573,654.00 3.25% 1,327 910286GM9 United Fidelity Bank FSB 06/29/2023 247,575.05 4.550% 06/29/2027 248,000.00 93 241,810.16 4.60% 1,368 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 450 232,159.81 3.40% 1,375 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 450 232,574.13 3.45% 1,376 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 423 233,235.89 3.55% 1,403 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 422 233,943.36 3.50% 1,404 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 421 232,830.02 3.50% 1,405 02589ADQ2 American Express National Bank 08/12/2022 204,207.65 3.450% 08/10/2027 205,000.00 414 192,078.66 3.56% 1,410 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 396 954,300.00 4.05% 1,425 91282CGC9 U.S. Treasury 03/03/2023 618,192.17 3.875% 12/31/2027 630,000.00 211 610,684.20 4.37% 1,553 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 199 241,358.14 4.60% 1,628 61690U3C2 Morgan Stanley Bank 03/16/2023 247,513.53 4.800% 03/16/2028 248,000.00 198 243,365.55 4.85% 1,629 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 194 241,827.77 4.65% 1,633 12547CBJ6 CIBC Bank USA 05/17/2023 247,488.15 4.350% 05/16/2028 248,000.00 136 238,574.52 4.40% 1,690 05600XQE3 BMO Harris Bank NA 05/17/2023 247,490.45 4.500% 05/16/2028 248,000.00 136 240,088.54 4.55% 1,690 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 92 988,590.00 6.00% 1,733 904764655 Unilever Capital Corp 09/22/2023 495,495.27 4.875% 09/08/2028 500,000.00 8 492,655.00 5.08% 1,805 Net Maturities and Averages 37,276,242.81 37,350,355.32 36,098,465.71 3.02% 596 Run Date: 10/6/2023 - 11:32 AM Amortizing 56 LL Income Earned Summary City of Lynwood September 30, 2023 September 30 Month End Fiscal Year To Date Interest Interest Received/Purchased 53,021.16 303,139.11 Plus Accrued Interest at End of Period 117,395.08 117,395.08 Less Accrued Interest at Beginning of Period -113,626.98 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 56,789.26 174,994.75 4,912.58 13,686.18 0.00 0.00 Total Earnings During Period 61,701.84 188,680.93 Run Date: 10/6/2023 - 11:32 AM Amortizing 57 Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 29278TLY4 EnerBank 09/27/2023 0.00 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 Citibank 02/27/2024 248,000.00 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,479.06 247,488.15 3,192.07 0.00 4,078.75 886.68 9.09 895.77 Certificates of Deposit - Sub Total 5,413,000.00 5,658,156.23 5,410,227.74 24,699.05 15,215.65 24,584.57 15,101.17 71.50 15,172.67 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 New York Life 01/22/2025 250,000.00 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 3M 02/14/2025 500,000.00 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 MetLife 08/25/2025 500,000.00 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 Apple 02/23/2026 500,000.00 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,572.76 249,582.37 3,437.50 0.00 4,125.00 687.50 9.60 697.10 Run Date: 10/6/2023 - 11:32 AM Amortizing 58 LU Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 023135CF1 Amazon 04/13/2027 250,000.00 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764B55 Unilever Capital Corp 09/08/2028 500,000.00 0.00 495,495.27 0.00 -947.92 1,557.29 609.37 20.27 629.64 Corporate Bonds - Sub Total 3,750,000.00 3,240,452.36 3, 736,19 7.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF 9819499 LAIF 10/01/2023 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 Money Market Funds - Sub Total 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,918.90 1,639,086.56 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 FFCB 07/01/2024 500,000.00 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 FFCB 10/16/2024 200,000.00 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 FHLB 03/14/2025 500,000.00 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 FHLB 02/26/2027 500,000.00 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 10,166.67 0.00 15,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 397,875.61 10,398,657.49 54,467.02 33,525.00 48,142.02 27,200.00 781.88 27,981.88 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,013,312.29 1,012,438.40 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 Run Date: 10/6/2023 - 11:32 AM Amortizing 59 LI Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,964.08 618,192.17 4,179.31 0.00 6,169.46 1,990.15 228.10 2,218.25 U.S. Treasuries - Sub Total 7,500,000.00 7,480,015.71 7,483,804.58 14, 623.49 0.00 17,549.18 2,925.69 3,788.88 6,714.57 Grand Total 37,350,355.32 37,218,309.07 37,276,242.81 113, 62 6.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM Amortizing 60 LO Realized Gains and Losses City of Lynwood September 01, 2023 - September 30, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 29278TLY4 EnerBank 09/30/2019 248,000.00 09/27/2023 1,458 248,000.00 248,000.00 0.00 2.000% 09/27/2023 1,458 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Grand Total 248.000.00 248.000.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 61 LU Transaction Report City of Lynwood September 01, 2023 - September 30, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/05/2023 Interest FGTXX GSGF 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 09/22/2023 Purchase 904764B55 UNANA 4 7/8 09/08/28 09/08/2028 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 -495,475.00 248,000.00 1,488.43 26,650.00 200.10 2,312.85 5,937.50 1,000.49 968.90 6,000.92 695.08 3,740.00 979.43 -947.92 625.10 937.50 1,053.15 421.26 958.37 Grand Total: -495,475.00 248,000.00 53,021.16 0.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 62 w This 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@LYNWOODCA.GOV 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 Housing Authority TO BE HELD ON November 7, 2023 COUNCIL CHAMBERS - 11350 BULLIS ROAD. 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 11/4/23 by MQ 6:00 PM 1. CALL TO ORDER 2. CERTIFICATION OF AGENDA POSTING BY SECRETARY 3. ROLL CALL OF MEMBERS Oscar Flores, Chair Rita Soto, Vice Chair Gabriela Camacho, Commissioner Juan Munoz -Guevara, Commissioner Jose Luis Solache, Commissioner PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) Lynwood Housing Authority 1 NON -AGENDA PUBLIC ORAL COMMUNICATIONS THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD UTILITY AUTHORITY ON ITEMS WITHIN THE JURISDICTION OF THE LYNWOOD UTILITY 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 UTILITY AUTHORITY, BUT LYNWOOD UTILITY 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).) 4. 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. 4.1 APPROVAL OF THE WARRANT REGISTER-LHA Comments: City of Lynwood Housing Authority warrant register dated November 07, 2023 for FY 2023-2024. (FIN) Recommendation: Staff respectfully recommends that the City Council of the Lynwood Housing Authority approve the warrant register dated November 07,2023 for FY 2023-2024 ADJOURNMENT THE LYNWOOD HOUSING AUTHORITY MEETINGS WILL BE POSTED AS NEEDED. THE NEXT MEETING WILL BE HELD IN THE COUNCIL CHAMBERS OF THE CITY HALL ANNEX, 11350 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA. Lynwood Housing Authority 2 Agenda Item # 4.1. AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable Mayor and Members of the City Council APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Harry Wong, Director of Finance & Administration Mohammad Islam, Accounting Technician SUBJECT: APPROVAL OF THE WARRANT REGISTER-LHA Recommendation: Staff respectfully recommends that the City Council of the Lynwood Housing Authority approve the warrant register dated November 07,2023 for FY 2023-2024 Background: N/A Discussion and Analysis: N/A Fiscal Impact: FY 2023-2024 Coordinated With: City Manager City Attorney ATTACHMENTS: Description D LHA-11-7-2023 WARRANT RESOLUTION TEMPLATE.docx D LHA-11-07-2023.pdf Lynwood Housing Authority Lynwood Housing Authority 3 RESOLUTION NO. 2023.XXX LHA - Warrant Register Dated November 07th, 2023 PASSED, APPROVED and ADOPTED this 07th day of November, 2023. Oscar Flores, Chair ATTEST: Maria Quinonez, Ernie Hernandez, Secretary Executive Director APPROVED AS TO FORM: Noel Tapia, Authority Counsel 1 4 STATE OF CALIFORNIA COUNTY OF LOS ANGELES I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood/Secretary to the Lynwood Housing Authority, do hereby certify that the foregoing Resolution was passed and adopted by the Lynwood Housing Authority of the City of Lynwood at a regular meeting held on the 07th day of November, 2023, and passed by the following vote: AYES: COMMISSIONERS CAMACHO, MUNOZ-GUEVARA,SOLACHE, MAYOR PRO TEM SOTO AND CHAIR FLORES NOES: NONE ABSENT: NONE ABSTAIN: NONE Maria Quinonez, Secretary STATE OF CALIFORNIA ) )§ COUNTY OF LOS ANGELES ) I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood/Secretary to the Lynwood Housing Authority, do hereby certify that the above foregoing is a full, true and correct copy of Lynwood Housing Authority Resolution No. 2023.XXX on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 07th day of November 2023. Maria Quinonez, Secretary 2 5 vchlist Check List Page: 1 10/26/2023 4:43:06PM Lynwood Housing Authority Bank code : Ihaus2 Voucher Date Vendor Invoice PO # Description/Account Amount 10317 11/7/2023 003547 KANE, BALLMER & BERKMAN 28062 11-002282 PROF & CONTRACTUAL SERVICES 1,837.50 Total : 1,837.50 10318 11/7/2023 012487 KEALOHA CORP. 1039 11-002268 PROF & CONTRACTUAL SERVICES 1,012.50 Total : 1,012.50 Page: 1 6 This 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@LYNWOODCA.GOV 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 November 7, 2023 COUNCIL CHAMBERS - 11350 BULLIS ROAD. 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 11/4/23 by MQ 6:00 PM 1. CALL TO ORDER 2. CERTIFICATION OF AGENDA POSTING BY SECRETARY 3. ROLL CALL OF MEMBERS Oscar Flores, President Rita Soto, Vice President Gabriela Camacho, Member Juan Munoz -Guevara, Member Jose Luis Solache, 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. Lynwood Public Financing Authority 1 PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NON -AGENDA PUBLIC ORAL COMMUNICATIONS THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE LYNWOOD PUBLIC 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. 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 1st quarter ending September 30, 2023. ADJOURMENT 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 BULL'S ROAD, CITY OF LYNWOOD, CALIFORNIA. Lynwood Public Financing Authority 2 AGENDA STAFF REPORT DATE: November 7, 2023 TO: Honorable President and Members of the Public Finance Authority APPROVED BY: Ernie Hernandez, City Manager PREPARED BY: Luis Cuellar, 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 1st quarter ending September 30, 2023. 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: Annual adoption of an Investment Policy that incorporates changes mandated by the State. 1. Quarterly Investment Reports presented to the Legislative Body or Board Members. 2. 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: Lynwood Public Financing Authority Lynwood Public Financing Authority 3 The market value of securities fluctuates, depending on how interest rates perform. When interest rates decrease, the market value of the securities in the City's portfolio will likely increase and when the interest rates increase, the market value of the securities will likely decrease. The City's practice is to buy and hold investments until maturity so changes in the market price do not affect the City's investment principal. Short-term excess cash is primarily invested in the Local Agency Investment Fund (LAIF) administered by the State Treasurer. LAIF is a high -quality investment available in terms of safety, liquidity and yield. The City's cash and investment portfolio is sufficiently liquid to meet expected expenditures for the coming six months. The majority of property tax revenues are received from the County in December and April and a portion of the revenue received is invested in the Local Agency Investment Fund and can be withdrawn at any time. The market valuation is provided by FTN Main Street Capital Advisors and all of the investments are in compliance with California Government Code Sections 53600 et seq. and the City's investment policy. Fiscal Impact: The action recommended in this report will not have a fiscal impact on the City. Coordinated With: ATTACHMENTS: Description a Sept. 2023.pdf a FHN - SUMMARY PORTFOLIO REPORT - JULY 2023.pdf a FHN - SUMMARY PORTFOLIO REPORT - AUG. 2023.pdf a FHN - SUMMARY PORTFOLIO REPORT - SEPT. 2023.pdf Lynwood Public Financing Authority Lynwood Public Financing Authority 4 CITY OF LYNWOOD QUARTERLY INVESTMENT REPORT September 1, 2023 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 $ 127,133.97 $ 649.07 $ 649.07 JP Morgan Chase - Money Market Account $ 1,909,922.79 $ 9,750.98 $ 9,750.98 JP Morgan Chase - Parking Enforcement $ 6,671,355.82 $ 33,462.72 $ 33,462.72 US Bank - City of Lynwood $ 4,540.94 $ 0.12 $ 0.12 Total $ 8,712,953.52 $ 43,862.89 $ 43,862.89 Demand Deposits General Account US Bank - Economic Development US Bank - Housing Authority A US Bank - Housing Authority B US Bank - City HCDA US Bank - City Home Program US Bank - Taxable Tabs US Bank - Lyn Tr. Center Unf Wrkr US Bank - Money Market Account US Bank - US Dept. of HUD/Section 108 US Bank - RORF Successor Agency US Bank - Low Mod Housing Trst Fnd/Rogel US Bank - Lynwood Disaster Relief Fund US Bank - Settlement Remittance Fund US Bank - Housing Authority Total $ 34,388,334.50 $ 10,696.54 $ 79,424.18 $ 18,000.09 $ 150,518.11 $ 1,020,153.96 $ 2,611,325.52 $ 2,791.24 $ 49,028.48 $ 170,048.96 $ 6,097,754.85 $ 6,897,682.67 $ 5,000.00 $ 340,637.36 $ 6,376.71 $ 51,847,773.17 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. 5 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 LAIF Daily Yield 1.60% - Quarter to Date 1.28%- Average Days to Maturity 303 Issuer Quarter Ending Interest Investment Balance Interest Rate State of California LAIF $ 9,787,060.32 $ 88,255.78 30 -Sep -23 *As of October 13, 2023 0.24% 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) 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% MONEY POOLED INVESTMENT ACCOUNT MONTHLY PORTFOLIO COMPOSITION Total $178.4 billion (chart dollars in millions) 1 Agencies Chart Title ■ — III Certificate of Time Commercial Corporate Loans Treasuries Deposits Deposits Paper Bonds LAIF BALANCE BY TYPE AS OF 3-31-23 Total $21.9 billion (chart dollars in millions) 1 Chart Title ■ • 54 COUNTIES 476 CITIES 1,440 SPECIAL 193 SCHOOL 166 TRUSTEES 56 BONDS DISTRICTS DISTRICTS Sept. 2023 6 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 PORTFOLIO SUMMARY INVESTMENTS PAR MARKET BOOK % OF VALUE VALUE VALUE PORTFOLIO *Money Market Funds $ 460,295.00 $ 460,295.00 $ 460,295.00 1.23% LAIF $ 9,787,060.32 $ 9,787,060.32 $ 9,787,060.32 26.26% Corporate Notes $ 3,750,000.00 $ 3,614,455.00 $ 3,736,197.68 10.02% Commercial Paper $ $ $ - 0.00% Federal Agency $ 10,440,000.00 $ 10,023,973.00 $ 10,398,657.49 27.90% Treasury Coupon Securities $ 7,500,000.00 $ 7,078,444.00 $ 7,483,804.58 20.08% CD -FDIC $ 5,413,000.00 $ 5,134,238.39 $ 5,410,227.74 14.51% TOTAL $ 37,350,355.32 $ 36,098,465.71 $ 37,276,242.81 100.00% *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) $ 127,133.97 N/A $ 649.07 JP Morgan Chase - Money Market Account $ 1,909,922.79 N/A $ 9,750.98 JP Morgan Chase - Parking Enforcement $ 6,671,355.82 N/A $ 33,462.72 US Bank - City of Lynwood $ 4,540.94 N/A $ 0.12 TOTAL $ 8,712,953.52 $ 43,862.89 Corporate Checking Accounts Balance General Account $ 34,388,334.50 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 $ 79,424.18 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 $ 6,097,754.85 US Bank - Low Mod Housing Trst Fnd/Rogel $ 6,897,682.67 US Bank - Taxable Tabs Housing Proj. $ 2,611,325.52 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 $ 51,847,773.17 Sept. 2023 7 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 MASTER SUMMARY DESCRIPTION AVERAGE MARKET PERCENTAGE (%) DAYS TO VALUE PORTFOLIO MATURITY INVESTMENTS* $ 36,098,465.71 100% MONEY MARKET/CUSTODY HOLDINGS $ 8,712,953.52 DEMAND DEPOSIT ACCOUNTS $ 51,847,773.17 TOTAL AVERAGES $ 60,560,726.69 TOTAL INVESTMENTS & AVERAGES $ 96,659,192.40 (ikyl.f • iiel;yG//7 Luis Cuellar/Sheila Harding City Treasurer/Deputy City Treasurer *See Report Prepared by Main Street Capital Advisors 1 certify that this report accurately reflects all pooled 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. Sept. 2023 8 PORTFOLIO SUMMARY AT A GLANCE ACCOUNT SUMMARY JUL - SEPT 2023 Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Durantion Total Earnings Per Month F/Y Earnings to Date Average Daily Balance F/Y Average Daily Balance Book Rate of Return F/Y Book Rate of Return JULY AUGUST SEPTEMBER $ 36,028,992.00 $ 37, 081,164.00 $ (1,052,172.00) $ 36,050,870.00 $ 37,218,309.00 $ (1,167,439.00) $ 36,098,466.00 $ 37,276,243.00 $ (1,177,777.00) $ 37,160,738.00 $ 37,292,809.00 $ 37,350,355.00 $ 97.16 $ 96.86 $ 96.84 2.91% 2.97% 3.02% 4.62% 4.79% 4.85% 1.7 1.63 1.63 1.41 1.36 1.38 JULY AUGUST SEPTEMBER $ 63,124.33 $ 63,854.77 $ 61,701.84 $ 63,124.33 $ 126,979.09 $ 188,680.93 $ 37,031,276.89 $ 37,129,051.71 $ 37,253,532.56 $ 37,031,276.89 $ 37,080,164.30 $ 37,137,953.72 2.01% 2.02% 2.02% 2.01% 2.02% 2.02% HOLDINGS CD -FDIC Commercial Paper Corporate Bonds LAIF Money Market Funds U.S. Agencies U.S. Treasuries TOTAL JULY AUGUST SEPTEMBER $ 5,743,705.97 $ 3,131,715.00 $ 9,787,060.32 $ 274,677.31 $ 10,029,673.60 $ 7,062,159.70 $ 36,028,991.90 5,353,202.77 3,131,647.50 9,787,060.32 654, 748.84 10,042,274.40 7,081,936.30 36,050,870.13 $ 5,134,238.39 $ 3,614,455.00 $ 9,787,060.32 $ 460,295.00 $ 10,023,973.00 $ 7,078,444.00 $ 36,098,465.71 9 CITY OF LYNWOOD QUARTERLY REPORT September 1, 2023 BALANCES PER QUARTER Investments Managed by Main Street Cash & Investments Per Treasurer's Reports Accounts Balances per Statement US Bank - General Account* *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Accounts Balances per Statement US Bank - General Account* *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Accounts Balances per Statement US Bank - General Account *Local Agency Investment Fund US Bank - RORF - Successor Agency US Bank - Low Mod Housing Trust TOTAL REVENUE & EXPENDITURE Jan - Mar $35,917,091.17 $64,844,352.81 2023 Apr - June $35,892,711.43 $73,461,151.24 July - Sept 36,098,465.71 60,560,726.69 100,761,443.98 $109,353,862.67 96,659,192.40 MONTHLY BALANCES PER STATEMENT DEMAND DEPOSIT ACCOUNTS - MOST ACTIVE QUARTERLY TOTAL OF DEBITS/CREDITS *Most Active Accounts *Funds transferred from LAIF account to the general account to cover expenditures Beginning $ 45,772,564.15 $ 9,710,816.80 $ 7,826,014.85 $ 6,910,066.97 Beginning $ 37,300,635.52 $ 9,787,060.32 $ 7,826,014.85 $ 6,900,016.97 Beginning $ 34,118,934.58 $ 9,787,060.32 $ 7,552,754.85 $ 6,897,682.67 Jul -23 Credits 3,999,165.57 76,243.52 4,075,409.09 Debits $ 12,471,094.20 $ $ $ 10,050.00 $ 12,481,144.20 Aug -23 Credits Debits $ 5,975,933.17 $ 9,157,634.11 $ - $ - $ - $ 273,260.00 $ - $ 2,334.30 $ 5,975,933.17 $ 9,433,228.41 Sep -23 Credits 5,998,341.08 Debits 5,728,941.16 1,455,000.00 5,998,341.08 7,183,941.16 $ 16,049,683.34 $ 29,098,313.77 2022 Oct - Dec $35,344,239.13 $56,840,163.35 $92,184,402.48 Ending $ 37,300,635.52 $ 9,787,060.32 $ 7,826,014.85 $ 6,900,016.97 Ending $ 34,118,934.58 $ 9,787,060.32 $ 7,552,754.85 $ 6,897,682.67 Ending $ 34,388,334.50 $ 9,787,060.32 $ 6,097,754.85 $ 6,897,682.67 10 Portfolio Summary City of Lynwood 7/31/2023 SECTOR ALLOCATION AGY 11 28.0% LAIF TSY CD CORP MMF 0% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 43.3% 12.0% 20.8% 10.9% 13.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.6% Aa1 Aa2 0.7% Aa3 1 1.3% Al 1 2.7% A2 1 2.0% A3 NR 42.3% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 7/31/23 6/30/23 Run Date: 8/14/2023 - 11:21 AM Amortizing $36,028,992 $35,892,711 $37,081,164 $36,959,418 -$1,052,172 -$1,066,706 $37,160,738 $97.16 $37,031,146 $97.11 2.91% 2.84% 4.62% 4.72% 1.70 1.76 1.41 1.46 3.10% 2.60% 2.10% 1.60% - 1.10% - 0.60% N N N N N CO M N N N N N N N 8.0 Q U C 13 < to 0 z 0 `-' Li m m N N L Q 2 a m N (0 Cr) N Issuer % Portfolio LAIF 26.4% U.S. Treasury 20.2% FHLB 18.1% FFCB 4.6% FHLMC 4.0% JPMorgan 1.4% FNMA 1.3% MetLife 1.3% Apple 1.3% 3M 1.3% Goldman Sachs Govt MMF 0.7% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% Charles Schwab 0.7% 11 Investment Policy Compliance City of Lynwood 7/31/2023 Category Book Value % of Portfolio Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,476,096.21 10,397,066.78 0.00 9,787,060.32 0.00 274,677.31 5,906,071.96 3,240,191.58 0.00 20.16% 28.04% 0.00% 26.39% 0.00% 0.74% 15.93% 8.74% 0.00% 100% 100% 30% $75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,081,164.15 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 8/14/2023 - 11:21 AM Amortizing 1.70 Less than 3.0 Years Yes 43.30% 30% Under 365 Days Yes Yes 12 Portfolio Summary City of Lynwood July 31, 2023 Investments of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM Certificates of Deposit 5,909,000.00 5,743,705.97 Corporate Bonds 3,250,000.00 3,131,715.00 LAIF 9,787,060.32 9,787, 060.32 Money Market Funds 274,677.31 274,677.31 U.S. Agencies 10,440,000.00 10,029,673.60 U.S. Treasuries 7,500,000.00 7,062,159.70 Investments Total Earnings 5,906,071.96 15.93 1,145 3.28 3,240,191.58 8.74 698 3.23 9,787,060.32 26.39 1 3.31 274,677.31 0.74 1 5.07 10,397,066.78 28.04 856 3.22 7,476,096.21 20.16 674 1.46 37,160,737.63 36,028,991.90 July 31 Month Ending Fiscal Year To Date 37,081,164.15 100.00 620 2.91 Current Year 63,124.33 63,124.33 Average Daily Balance 37,031,276.89 37,031,276.89 Book Rate of Return 2.01% 2.01% Run Date: 8/14/2023 - 11:21 AM Amortizing 13 1u Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 949763TF3 Wells Fargo Bank NA 08/30/2023 248,000.00 08/31/2018 247,429.60 99.74 247,363.01 0.67% NR/NR 3.300% 3.35% 247,990.62 6.43% 44.84 -627.61 NR 0.08 0.08 29278TLY4 EnerBank 09/27/2023 248,000.00 09/30/2019 247,523.84 99.31 246,281.67 0.67% NR/NR 2.000% 2.05% 247,981.06 6.43% 67.95 -1,699.39 NR 0.16 0.15 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.34 243,885.40 0.67% NR/NR 3.000% 3.05% 247,933.77 5.96% 3,159.45 -4,048.36 NR 0.58 0.56 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 95.38 236,534.27 0.67% NR/NR 1.850% 1.85% 248,000.00 6.20% 1,772.35 -11,465.73 NR 1.12 1.09 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 96.54 239,416.34 0.67% NR/NR 3.300% 3.30% 248,000.00 5.09% 313.91 -8,583.66 NR 2.05 1.94 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.65 224,802.98 0.67% NR/NR 0.500% 0.50% 248,000.00 5.15% 438.25 -23,197.02 NR 2.16 2.13 856283598 State Bank of India 1.000% 04/27/2026 248,000.00 04/27/2021 248,000.00 90.21 223,724.07 0.67% NR/NR 1.00% 248,000.00 4.86% 652.27 -24,275.93 NR 2.74 2.69 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 96.21 238,592.82 0.67% NR/NR 3.350% 3.35% 248,000.00 4.75% 569.04 -9,407.18 NR 2.94 2.77 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 89.46 221,866.33 0.67% NR/NR 0.950% 0.95% 248,000.00 4.82% 109.73 -26,133.67 NR 2.96 2.91 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 89.22 221,258.16 0.67% NR/NR 0.950% 0.95% 248,000.00 4.80% 135.55 -26,741.84 NR 3.03 2.96 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 100.28 248,693.79 0.67% NR/NR 4.750% 4.75% 248,000.00 4.65% 548.66 693.79 NR 3.13 2.82 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 101.17 250,899.51 0.67% NR/NR 5.000% 5.00% 248,000.00 4.60% 305.75 2,899.51 NR 3.15 2.83 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 100.54 249,336.50 0.67% NR/NR 4.550% 4.60% 247,556.10 4.40% 92.75 1,780.40 NR 3.92 3.53 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 96.25 238,701.86 0.67% NR/NR 3.400% 3.40% 248,000.00 4.45% 600.64 -9,298.14 NR 3.93 3.64 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 96.43 239,149.60 0.67% NR/NR 3.450% 3.45% 248,000.00 4.45% 586.03 -8,850.40 NR 3.94 3.64 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 96.82 240,125.39 0.67% NR/NR 3.550% 3.55% 248,000.00 4.42% 4,317.58 -7,874.61 NR 4.01 3.64 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 96.64 239,658.80 0.67% NR/NR 3.500% 3.50% 248,000.00 4.42% 4,232.99 -8,341.20 NR 4.01 3.65 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 96.63 239,653.18 0.67% NR/NR 3.500% 3.50% 248,000.00 4.42% 4,209.21 -8,346.82 NR 4.02 3.65 02589ADQ2 American Express National Bank 3.450% 08/10/2027 205,000.00 08/12/2022 203,975.00 96.44 197,694.63 0.55% NR/NR 3.56% 204,173.37 4.42% 3,332.79 -6,478.74 NR 4.03 3.67 Run Date: 8/14/2023 - 11:21 AM Amortizing 14 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 101.30 251,232.60 0.67% NR/NR 4.600% 4.60% 248,000.00 4.29% 531.33 3,232.60 NR 4.63 4.05 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 102.13 253,284.16 0.67% NR/NR 4.800% 4.85% 247,495.31 4.29% 4,500.69 5,788.84 NR 4.63 4.03 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 101.66 252,104.85 0.67% NR/NR 4.650% 4.65% 248,000.00 4.25% 379.13 4,104.85 NR 4.64 4.06 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 100.37 248,908.29 0.67% NR/NR 4.350% 4.40% 247,469.68 4.26% 2,275.82 1,438.61 NR 4.80 4.25 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 101.02 250,537.75 0.67% NR/NR 4.500% 4.55% 247,472.05 4.26% 2,354.30 3,065.70 NR 4.80 4.23 Total Certificates of Deposit 5.909.000.00 5,904,252.52 5,743,705.97 3.28% 5,906,071.96 4.84% 35,531.01 15.93% 3.14 -162,366.00 2.87 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.04 247,587.50 0.68% Al/A+ 3.350% 3.03% 250,320.06 5.57% 535.07 -2,732.56 A+ 0.44 0.42 46625HJX9 1PMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.47 492,335.00 1.35% A1/A- 3.625% 2.97% 502,368.02 5.64% 3,927.08 -10,033.02 AA - 0.79 0.75 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.01 237,532.50 0.67% Aaa/AA+ 2.000% 2.08% 249,735.24 5.57% 125.00 -12,202.74 AAA 1.48 1.42 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.90 474,520.00 1.31% A2/A- 2.000% 4.04% 485,188.18 5.50% 4,638.89 -10,668.18 NR 1.55 1.47 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.51 241,270.00 0.70% Aa2/AA- 2.992% 02/19/2025 0.99% 257,837.42 5.25% 2,742.67 -16,567.42 NR 1.64 1.53 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.83 484,155.00 1.35% Aa3/AA- 4.050% 4.09% 499,572.89 5.70% 8,775.00 -15,417.89 AA - 2.07 1.91 037833BY5 Apple 02/23/2026 500,000.00 08/25/2022 496,085.00 96.46 482,280.00 1.34% Aaa/AA+ 3.250% 3.49% 497,130.66 4.73% 7,131.94 -14,850.66 NR 2.57 2.31 8085138W4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 93.60 234,007.50 0.67% A2/A- 3.300% 3.35% 249,562.83 5.24% 2,750.00 -15,555.33 A 3.67 3.29 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 95.21 238,027.50 0.67% Al/AA 3.300% 3.48% 248,476.30 4.72% 2,475.00 -10,448.80 AA - 3.70 3.35 Total Corporate Bonds 3.250,000.00 3,259,902.50 3,131,715.00 3.23% 3,240,191.58 5.35% 33,100.65 8.74% 1.91 -108,476.60 1.76 Run Date: 8/14/2023 - 11:21 AM Amortizing 15 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 08/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.310% 3.31% 9,787,060.32 1.00 3.31% 9,787,060.32 0.00 26.39% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9,787,060.32 9,787,060.32 26.39% 0.00 9.787.060.32 3.31% 9,787,060.32 3.31% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 08/01/2023 274,677.31 274,677.31 1.00 274,677.31 0.74% Aaa/AAA 5.070% 5.07% 274,677.31 5.07% 1,428.59 0.00 NR 0.00 0.00 Total Money Market Funds 274,677.31 274,677.31 274,677.31 5.07% 274,677.31 5.07% 1,428.59 0.74% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 3.250% 3.38% 1,638,745.46 98.74 5.40% 1,619,319.60 21,171.94 4.42% Aaa/AA+ -19,425.86 AAA 0.61 0.58 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 96.75 483,765.00 1.35% Aaa/AA+ 1.900% 1.90% 499,981.66 5.58% 791.67 -16,216.66 AAA 0.92 0.89 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 97.85 978,490.00 2.69% Aaa/AA+ 3.300% 3.39% 999,113.25 5.46% 15,216.67 -20,623.25 AAA 1.04 0.99 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 95.62 191,244.00 0.54% Aaa/AA+ 1.21 1.500% 1.67% 199,605.86 5.29% 875.00 -8,361.86 AAA 1.17 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.68 478,395.00 1.39% Aaa/AA+ 2.375% 0.49% 515,087.91 5.19% 4,519.10 -36,692.91 AAA 1.62 1.54 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.49 457,455.00 1.35% Aaa/AA+ 0.500% 02/18/2022 0.50% 500,000.00 4.96% 1,131.94 -42,545.00 AAA 2.04 1.98 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 4.000% 08/28/2023 4.00% 2,000,000.00 97.70 5.18% 1,953,900.00 34,000.00 5.39% Aaa/AA+ -46,100.00 AAA 2.08 1.60 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 90.95 454,770.00 1.35% Aaa/AA+ 0.375% 0.48% 498,913.63 4.87% 666.67 -44,143.63 AAA 2.15 2.08 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 89.88 449,420.00 1.35% Aaa/AA+ 1.370% 09/30/2023 1.37% 500,000.00 4.60% 589.86 -50,580.00 AAA 3.42 3.24 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 87.18 435,905.00 1.20% Aaa/AA+ 0.900% 08/26/2023 4.25% 445,619.01 4.85% 1,937.50 -9,714.01 AAA 3.58 3.40 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.87 575,220.00 1.62% Aaa/AA+ 3.250% 08/19/2023 3.25% 600,000.00 4.44% 3,900.00 -24,780.00 AAA 3.80 2.36 Run Date: 8/14/2023 - 11:21 AM Amortizing 16 10 Holdings Report City of Lynwood July 31, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 96.01 960,120.00 2.70% Aaa/AA+ 4.07 4.050% 08/25/2023 4.05% 1,000,000.00 5.15% 17,550.00 -39,880.00 AAA 2.53 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 99.17 991,670.00 2.70% Aaa/AA+ 4.92 6.000% 09/28/2023 6.00% 1,000,000.00 6.20% 5,166.67 -8,330.00 AAA 0.84 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,029,673.60 3.22% 10,397,066.78 5.25% 107,517.02 28.04% 2.35 -367,393.18 1.59 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 98.95 860,821.50 2.32% P -1/A-1+ 0.20 0.000% 5.41% 860,789.45 5.33% 0.00 32.05 Fl+ 0.20 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 98.54 985,430.00 2.70% Aaa/AA+ 0.29 0.250% 0.25% 999,995.06 5.34% 529.89 -14,565.06 AAA 0.28 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 96.55 482,755.00 1.35% Aaa/AA+ 0.71 0.375% 0.69% 498,907.34 5.41% 553.28 -16,152.34 AAA 0.69 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 95.20 951,990.00 2.74% Aaa/AA+ 1.34 1.500% 0.43% 1,014,215.31 5.27% 2,540.98 -62,225.31 AAA 1.29 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 06/29/2021 491,542.97 91.78 458,885.00 1.34% Aaa/AA+ 1.84 0.250% 0.69% 496,043.15 5.00% 211.75 -37,158.15 AAA 1.78 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.47 904,650.00 2.68% Aaa/AA+ 2.34 0.375% 0.62% 994,369.87 4.74% 635.25 -89,719.87 AAA 2.26 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 89.98 449,920.00 1.34% Aaa/AA+ 2.51 0.375% 0.60% 497,171.98 4.67% 5.10 -47,251.98 AAA 2.43 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 89.98 899,770.00 2.70% Aaa/AA+ 2.84 0.750% 0.70% 1,001,390.20 4.56% 1,270.49 -101,620.20 AAA 2.72 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.59 447,930.00 1.34% Aaa/AA+ 3.17 0.875% 1.17% 495,485.47 4.44% 1,470.29 -47,555.47 AAA 3.03 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 98.41 620,008.20 1.67% Aaa/AA+ 4.42 3.875% 4.37% 617,728.38 4.27% 2,122.83 2,279.82 AAA 3.97 7,477,854.77 7,062,159.70 20.16% 1.85 Total U.S. Treasuries 7.500,000.00 1.46% 7,476,096.21 4.93% 9,339.86 -413,936.51 1.76 Run Date: 8/14/2023 - 11:21 AM Amortizing 17 Holdings Report City of Lynwood July 31, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37,114,278.02 37,160,737.63 2.91% 37,081,164.15 Mkt Price Mkt YTM 4.62% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,028,991.90 100.00% 1.70 186,917.13 -1,052,172.29 1.41 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,909.03 Run Date: 8/14/2023 - 11:21 AM Amortizing 18 LV Maturity Report City of Lynwood July 31, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Value Book YTM Days to Maturity FGTXX Goldman Sachs Govt MMF 274,677.31 5.070% 08/01/2023 274,677.31 1 274,677.31 5.07% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.310% 08/01/2023 9,787,060.32 1 9,787,060.32 3.31% 1 949763TF3 Wells Fargo Bank NA 08/31/2018 247,990.62 3.300% 08/30/2023 248,000.00 1,795 247,363.01 3.35% 30 29278TLY4 EnerBank 09/30/2019 247,981.06 2.000% 09/27/2023 248,000.00 1,400 246,281.67 2.05% 58 912797FA0 U.S. Treasury 07/13/2023 860,789.45 0.000% 10/12/2023 870,000.00 18 860,821.50 5.41% 73 91282CAW1 U.S. Treasury 07/22/2021 999,995.06 0.250% 11/15/2023 1,000,000.00 739 985,430.00 0.25% 107 89236TFS9 Toyota Motor Credit 02/28/2019 250,320.06 3.350% 01/08/2024 250,000.00 1,614 247,587.50 3.03% 161 17312Q3B3 Citibank 02/28/2019 247,933.77 3.000% 02/27/2024 248,000.00 1,614 243,885.40 3.05% 211 3130A0XE5 FHLB 08/22/2022 1,638,745.46 3.250% 03/08/2024 1,640,000.00 343 1,619,319.60 3.38% 221 91282CBV2 U.S. Treasury 11/22/2021 498,907.34 0.375% 04/15/2024 500,000.00 616 482,755.00 0.69% 259 46625HJX9 JPMorgan Chase & Co 05/13/2019 502,368.02 3.625% 05/13/2024 500,000.00 1,540 492,335.00 2.97% 287 3133EKTV8 FFCB 07/02/2019 499,981.66 1.900% 07/01/2024 500,000.00 1,490 483,765.00 1.90% 336 3133ENG20 FFCB 08/18/2022 999,113.25 3.300% 08/15/2024 1,000,000.00 347 978,490.00 3.39% 381 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,417 236,534.27 1.85% 410 3133EK3B0 FFCB 10/17/2019 199,605.86 1.500% 10/16/2024 200,000.00 1,383 191,244.00 1.67% 443 912828YV6 U.S. Treasury 07/22/2021 1,014,215.31 1.500% 11/30/2024 1,000,000.00 739 951,990.00 0.43% 488 64952WDL4 New York Life 01/22/2020 249,735.24 2.000% 01/22/2025 250,000.00 1,286 237,532.50 2.08% 541 88579YBH3 3M 09/07/2022 485,188.18 2.000% 02/14/2025 500,000.00 327 474,520.00 4.04% 564 3130A4CH3 FHLB 10/07/2020 515,087.91 2.375% 03/14/2025 500,000.00 1,027 478,395.00 0.49% 592 30231GBH4 Exxon Mobil 06/22/2020 257,837.42 2.992% 03/19/2025 250,000.00 1,134 241,270.00 0.99% 597 912828ZT0 U.S. Treasury 06/29/2021 496,043.15 0.250% 05/31/2025 500,000.00 762 458,885.00 0.69% 670 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,077 457,455.00 0.50% 743 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 347 239,416.34 3.30% 749 59217GFC8 MetLife 08/25/2022 499,572.89 4.050% 08/25/2025 500,000.00 340 484,155.00 4.09% 756 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 335 1,953,900.00 4.00% 759 3137EAEX3 FHLMC 10/20/2020 498,913.63 0.375% 09/23/2025 500,000.00 1,014 454,770.00 0.48% 785 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,039 224,802.98 0.50% 787 91282CAZ4 U.S. Treasury 07/22/2021 994,369.87 0.375% 11/30/2025 1,000,000.00 739 904,650.00 0.62% 853 91282CBH3 U.S. Treasury 02/25/2021 497,171.98 0.375% 01/31/2026 500,000.00 886 449,920.00 0.60% 915 037833BY5 Apple 08/25/2022 497,130.66 3.250% 02/23/2026 500,000.00 340 482,280.00 3.49% 938 856283S98 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 825 223,724.07 1.00% 1,001 91282CCF6 U.S. Treasury 07/22/2021 1,001,390.20 0.750% 05/31/2026 1,000,000.00 739 899,770.00 0.70% 1,035 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 389 238,592.82 3.35% 1,072 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 746 221,866.33 0.95% 1,080 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 719 221,258.16 0.95% 1,107 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 138 248,693.79 4.75% 1,142 Run Date: 8/14/2023 - 11:21 AM Amortizing 19 L I Maturity Report City of Lynwood July 31, 2023 Purchase Book Coupon Maturity Remaining CUSIP Issuer Date Value Rate Date Par Term Market Book Days to Value YTM Maturity 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248,000.00 130 250,899.51 5.00% 1,150 91282CCZ2 U.S. Treasury 10/19/2021 495,485.47 0.875% 09/30/2026 500,000.00 650 447,930.00 1.17% 1,157 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 578 449,420.00 1.37% 1,248 3130AL5A8 FHLB 02/09/2023 445,619.01 0.900% 02/26/2027 500,000.00 172 435,905.00 4.25% 1,306 808513BW4 Charles Schwab 04/12/2022 249,562.83 3.300% 04/01/2027 250,000.00 475 234,007.50 3.35% 1,340 023135CF1 Amazon 06/09/2022 248,476.30 3.300% 04/13/2027 250,000.00 417 238,027.50 3.48% 1,352 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 438 575,220.00 3.25% 1,388 910286GM9 United Fidelity Bank FSB 06/29/2023 247,556.10 4.550% 06/29/2027 248,000.00 32 249,336.50 4.60% 1,429 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 389 238,701.86 3.40% 1,436 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 389 239,149.60 3.45% 1,437 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 362 240,125.39 3.55% 1,464 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 361 239,658.80 3.50% 1,465 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 360 239,653.18 3.50% 1,466 02589ADQ2 American Express National Bank 08/12/2022 204,173.37 3.450% 08/10/2027 205,000.00 353 197,694.63 3.56% 1,471 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 335 960,120.00 4.05% 1,486 91282CGC9 U.S. Treasury 03/03/2023 617,728.38 3.875% 12/31/2027 630,000.00 150 620,008.20 4.37% 1,614 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 138 251,232.60 4.60% 1,689 61690U3C2 Morgan Stanley Bank 03/16/2023 247,495.31 4.800% 03/16/2028 248,000.00 137 253,284.16 4.85% 1,690 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 133 252,104.85 4.65% 1,694 12547CBJ6 CIBC Bank USA 05/17/2023 247,469.68 4.350% 05/16/2028 248,000.00 75 248,908.29 4.40% 1,751 05600XQE3 BMO Harris Bank NA 05/17/2023 247,472.05 4.500% 05/16/2028 248,000.00 75 250,537.75 4.55% 1,751 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 31 991,670.00 6.00% 1,794 Net Maturities and Averages 37,081,164.15 37,160,737.63 36,028,991.90 2.91% 620 Run Date: 8/14/2023 - 11:21 AM Amortizing 20 LL Income Earned Summary City of Lynwood July 31, 2023 July 31 Month End Fiscal Year To Date Interest Interest Received/Purchased 118,046.42 118,046.42 Plus Accrued Interest at End of Period 186,917.13 186,917.13 Less Accrued Interest at Beginning of Period -245,539.44 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 59,424.11 59,424.11 3,700.22 3,700.22 0.00 0.00 Total Earnings During Period 63,124.33 63,124.33 Run Date: 8/14/2023 - 11:21 AM Amortizing 21 Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 38148PR33 Goldman Sachs Bank 07/06/2023 0.00 247,998.13 0.00 3,946.26 4,058.37 0.00 112.11 1.87 113.98 949763TF3 Wells Fargo Bank NA 08/30/2023 248,000.00 247,980.93 247,990.62 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 EnerBank 09/27/2023 248,000.00 247,970.93 247,981.06 54.36 407.67 67.95 421.26 10.12 431.38 17312Q3B3 Citibank 02/27/2024 248,000.00 247,924.03 247,933.77 2,527.56 0.00 3,159.45 631.89 9.73 641.62 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 1,382.68 0.00 1,772.35 389.67 0.00 389.67 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 291.48 672.66 313.91 695.09 0.00 695.09 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 332.93 0.00 438.25 105.32 0.00 105.32 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 441.64 0.00 652.27 210.63 0.00 210.63 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 3,983.29 4,119.86 569.04 705.61 0.00 705.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 1,077.95 1,168.32 109.73 200.10 0.00 200.10 903481R93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 129.10 193.64 135.55 200.09 0.00 200.09 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 516.38 968.22 548.66 1,000.50 0.00 1,000.50 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 271.78 1,019.18 305.75 1,053.15 0.00 1,053.15 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,546.47 247,556.10 61.83 927.45 92.75 958.37 9.63 968.00 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 4,065.84 4,181.35 600.64 716.15 0.00 716.15 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 4,102.19 4,242.84 586.03 726.68 0.00 726.68 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 3,569.84 0.00 4,317.58 747.74 0.00 747.74 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 3,495.78 0.00 4,232.99 737.21 0.00 737.21 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 3,472.00 0.00 4,209.21 737.21 0.00 737.21 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,155.95 204,173.37 2,732.12 0.00 3,332.79 600.67 17.42 618.09 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 500.08 937.64 531.33 968.89 0.00 968.89 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,486.05 247,495.31 3,489.67 0.00 4,500.69 1,011.02 9.26 1,020.28 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 347.54 947.84 379.13 979.43 0.00 979.43 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,462.71 247,472.05 1,406.47 0.00 2,354.30 947.83 9.35 957.18 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,460.29 247,469.68 1,359.58 0.00 2,275.82 916.24 9.39 925.63 Certificates of Deposit - Sub Total 5,909,000.00 6,153,985.50 5,906,071.96 43,580.77 24,517.70 35,531.01 16,467.94 86.46 16,554.40 Commercial Paper 78015DU32 Royal Bank of Canada, NY Commercial Paper - Sub Total 07/03/2023 0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Corporate Bonds 90331HNV1 US Bank 07/24/2023 0.00 250,050.15 0.00 3,706.94 4,250.00 0.00 543.06 -50.15 492.91 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,380.83 250,320.06 4,024.65 4,187.50 535.07 697.92 -60.77 637.15 Run Date: 8/14/2023 - 11:21 AM Amortizing 22 Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 46625H1X9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,628.33 502,368.02 2,416.67 0.00 3,927.08 1,510.41 -260.31 1,250.10 64952WDL4 New York Life 01/22/2025 250,000.00 249,719.78 249,735.24 2,208.33 2,500.00 125.00 416.67 15.46 432.13 88579YBH3 3M 02/14/2025 500,000.00 484,357.86 485,188.18 3,805.56 0.00 4,638.89 833.33 830.32 1,663.65 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 258,250.61 257,837.42 2,119.33 0.00 2,742.67 623.34 -413.20 210.14 59217GFC8 MetLife 08/25/2025 500,000.00 499,555.09 499,572.89 7,087.50 0.00 8,775.00 1,687.50 17.80 1,705.30 037833BY5 Apple 02/23/2026 500,000.00 497,034.19 497,130.66 5,777.78 0.00 7,131.94 1,354.16 96.47 1,450.63 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,552.56 249,562.83 2,062.50 0.00 2,750.00 687.50 10.27 697.77 023135CF1 Amazon 04/13/2027 250,000.00 248,440.83 248,476.30 1,787.50 0.00 2,475.00 687.50 35.46 722.96 Corporate Bonds - Sub Total 3,250,000.00 3,489,970.23 3,240,191.58 34,996.76 10,937.50 33,100.65 9,041.39 221.35 9,262.74 LAIF 9819499 LAIF 08/01/2023 9,787,060.32 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF Money Market Funds - Sub Total 08/01/2023 274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 1,428.59 0.00 1,428.59 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,566.24 1,638,745.46 16,730.28 0.00 21,171.94 4,441.66 179.22 4,620.88 3133EKTV8 FFCB 07/01/2024 500,000.00 499,979.93 499,981.66 4,750.00 4,750.00 791.67 791.67 1.72 793.39 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,039.75 999,113.25 12,466.67 0.00 15,216.67 2,750.00 73.50 2,823.50 3133EK3B0 FFCB 10/16/2024 200,000.00 199,577.78 199,605.86 625.00 0.00 875.00 250.00 28.09 278.09 3130A4CH3 FHLB 03/14/2025 500,000.00 515,890.18 515,087.91 3,529.51 0.00 4,519.10 989.59 -802.27 187.32 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 923.61 0.00 1,131.94 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 27,333.33 0.00 34,000.00 6,666.67 0.00 6,666.67 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,870.00 498,913.63 510.42 0.00 666.67 156.25 43.62 199.87 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 19.03 0.00 589.86 570.83 0.00 570.83 3130AL5A8 FHLB 02/26/2027 500,000.00 444,307.10 445,619.01 1,562.50 0.00 1,937.50 375.00 1,311.91 1,686.91 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 2,275.00 0.00 3,900.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 14,175.00 0.00 17,550.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 166.67 0.00 5,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 396,230.98 10,397,066.78 85,067.02 4,750.00 107,517.02 27,200.00 835.80 28,035.80 Run Date: 8/14/2023 - 11:21 AM Amortizing 23 LI Income Earned City of Lynwood July 01, 2023 - July 31, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 0.00 860,789.45 0.00 0.00 0.00 0.00 2,335.07 2,335.07 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,993.63 999,995.06 319.29 0.00 529.89 210.60 1.43 212.03 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 498,776.56 498,907.34 394.47 0.00 553.28 158.81 130.78 289.59 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,015,118.33 1,014,215.31 1,270.49 0.00 2,540.98 1,270.49 -903.02 367.47 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 495,860.07 496,043.15 105.87 0.00 211.75 105.88 183.08 288.96 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,165.26 994,369.87 317.62 0.00 635.25 317.63 204.61 522.24 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,076.17 497,171.98 782.11 937.50 5.10 160.49 95.81 256.30 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,431.84 1,001,390.20 635.25 0.00 1,270.49 635.24 -41.64 593.60 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,364.51 495,485.47 1,099.73 0.00 1,470.29 370.56 120.96 491.52 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,492.68 617,728.38 66.34 0.00 2,122.83 2,056.49 235.70 2,292.19 U.S. Treasuries - Sub Total 7,500,000.00 6,615,279.05 7,476,096.21 4,991.17 937.50 9,339.86 5,286.19 2,362.79 7,648.98 Grand Total 37,160,737.63 36,959,417.52 37,081,164.15 245,539.44 118,046.42 186,917.13 59,424.11 3,700.22 63,124.33 Run Date: 8/14/2023 - 11:21 AM Amortizing 24 Realized Gains and Losses City of Lynwood July 01, 2023 - July 31, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 38148PR33 Goldman Sachs Bank 07/09/2018 248,000.00 07/06/2023 1,823 248,000.00 248,000.00 0.00 3.300% 07/06/2023 1,823 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Commercial Paper 78015DU32 10/07/2022 500,000.00 07/03/2023 269 500,000.00 500,000.00 0.00 Royal Bank of Canada, NY 0.000% 07/03/2023 269 Total Commercial Paper 500,000.00 500,000.00 0.00 Corporate Bonds 90331HNV1 US Bank 03/01/2019 250,000.00 07/24/2023 1,606 250,000.00 250,000.00 0.00 3.400% 07/24/2023 1,606 Total Corporate Bonds 250,000.00 250,000.00 0.00 Grand Total 998.000.00 998.000.00 0.00 Run Date: 8/14/2023 - 11:21 AM Amortizing 25 LJ Transaction Report City of Lynwood July 01, 2023 - July 31, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 07/03/2023 Interest 3133EKTV8 FFCB 1.9 07/01/24 07/01/2024 - - 4,750.00 07/03/2023 Maturity 78015DU32 ROYAL BK CAN NY 07/03/2023 - 500,000.00 07/05/2023 Interest FGTXX GSGF - - 660.20 07/06/2023 Interest 38148PR33 GS 3.3 07/06/23 07/06/2023 - - 4,058.37 07/06/2023 Maturity 38148PR33 GS 3.3 07/06/23 07/06/2023 - 248,000.00 07/06/2023 Interest 254673L38 DFS 3.4 07/06/27 07/06/2027 - - 4,181.35 07/07/2023 Interest 02007GUP6 GMATBK 3.35 07/07/26 07/07/2026 - 4,119.86 07/07/2023 Interest 14042RST9 COF 3.45 07/07/27 07/07/2027 - - 4,242.84 07/10/2023 Interest 89236TFS9 TOYOTA 3.35 01/08/24 01/08/2024 4,187.50 07/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 193.64 07/13/2023 Purchase 912797FA0 TREASURY BILL 10/12/2023 -858,454.38 07/14/2023 Interest 9819499 LAIF 76,243.52 07/17/2023 Interest 89235MLC3 TOYFBN 0.95 07/15/26 07/15/2026 - - 1,168.32 07/17/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 937.64 07/17/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 968.22 07/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 672.66 07/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 947.84 07/24/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,019.18 07/24/2023 Interest 64952WDL4 NYLIFE 2 01/22/25 01/22/2025 - 2,500.00 07/24/2023 Maturity 90331HNV1 USB 3.4 07/24/23 07/24/2023 - 250,000.00 07/24/2023 Interest 90331HNV1 USB 3.4 07/24/23 07/24/2023 4,250.00 07/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 407.67 07/31/2023 Interest 949763TF3 WFC 3.3 08/30/23 08/30/2023 - - 672.66 07/31/2023 Interest 91282CBH3 T 0 3/8 01/31/26 01/31/2026 - - 937.50 07/31/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 927.45 Grand Total: -858,454.38 998,000.00 118,046.42 0.00 0.00 Run Date: 8/14/2023 - 11:21 AM Amortizing 26 JV Portfolio Summary City of Lynwood 9/30/2023 SECTOR ALLOCATION AGY 27.9% LAIF TSY CD 14.5% CORP 10.0% MMF 1.2% 0% 26.3% 20.1% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 45.6% 19.3% 12.0% 14.0% 9.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.9% Aa1 Aa2 1 0.7% Aa3 1 1.3% Al 1 4.0% A2 1 2.0% A3 NR 40.8% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 9/30/23 8/31/23 Run Date: 10/6/2023 - 11:26 AM Amortizing $36,098,466 $37276243 -$1,177,777 -$1,167,439 $37,350,355 $37292,809 $96.84 $96.86 3.02% 2.97% 4.85% 4.79% 1.63 1.63 1.38 1.36 $36,050,870 $37,218,309 3.20% 3.00% - 2.80% - 2.60% - 2.40% - 2.20% - 2.00% - 1.80% - 1.60% , , N N U0 0 o z N N N 0 m N C CO m 41 LL m m N Q rn N (t5 M m m m V N N N -3 8.0 Q Issuer % Portfolio LAIF 26.3% U.S. Treasury 20.1% FHLB 18.0% FFCB 4.6% FHLMC 4.0% JPMorgan 1.3% FNMA 1.3% MetLife 1.3% Apple 1.3% Unilever Capital Corp 1.3% 3M 1.3% Goldman Sachs Govt MMF 1.2% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% 27 Investment Policy Compliance City of Lynwood 9/30/2023 Category Book Value % of Portfolio % Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,483,804.58 10,398,657.49 0.00 9,787,060.32 0.00 460,295.00 5,410,227.74 3,736,197.68 0.00 20.08% 27.90% 0.00% 26.26% 0.00% 1.23% 14.51% 10.02% 0.00% 100% 100% 30% 75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,276,242.81 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 10/6/2023 - 11:26 AM Amortizing 1.63 Less than 3.0 Years Yes 45.61% 30% Under 365 Days Yes Yes 28 Portfolio Summary City of Lynwood September 30, 2023 Investments Certificates of Deposit of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM 5,413, 000.00 5,134, 238.39 5,410,227.74 14.51 1,185 3.33 Corporate Bonds 3,750,000.00 3,614,455.00 3,736,197.68 10.02 792 3.48 LAIF 9,787,060.32 9,787,060.32 9,787,060.32 26.26 1 3.55 Money Market Funds 460,295.00 460,295.00 460,295.00 1.23 1 5.23 U.S. Agencies 10,440,000.00 10,023, 973.00 10,398,657.49 27.90 796 3.23 U.S. Treasuries 7,500,000.00 7,078,444.00 7,483,804.58 20.08 612 1.46 Investments Total Earnings 37,350,355.32 36,098,465.71 September 30 Month Ending Fiscal Year To Date 37,276,242.81 100.00 596 3.02 Current Year 61,701.84 188,680.93 Average Daily Balance 37,253,532.56 37,137,953.72 Book Rate of Return 2.02% 2.02% Run Date: 10/6/2023 - 11:31 AM Amortizing 29 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.41 3.000% 3.05% 247,952.91 5.67% 713.42 -2,459.74 NR 0.41 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.96 1.850% 1.85% 248,000.00 5.72% 226.26 -8,796.03 NR 0.94 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.88 3.300% 3.30% 248,000.00 5.60% 291.48 -10,115.75 NR 1.81 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.99 0.500% 0.50% 248,000.00 5.62% 20.38 -23,545.47 NR 1.98 856283598 State Bank of India 04/27/2026 248,000.00 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.58 1.000% 1.00% 248,000.00 5.49% 1,066.74 -26,407.85 NR 2.53 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.77 3.350% 3.35% 248,000.00 5.43% 1,957.50 -13,123.48 NR 2.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.79 0.950% 0.95% 248,000.00 5.46% 503.47 -28,586.85 NR 2.75 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.87 0.950% 0.95% 248,000.00 5.45% 129.10 -29,426.30 NR 2.82 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.96 4.750% 4.75% 248,000.00 5.40% 516.38 -4,403.36 NR 2.73 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.98 5.000% 5.00% 248,000.00 5.40% 271.78 -2,696.22 NR 2.74 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.75 4.550% 4.60% 247,575.05 5.29% 61.83 -5,764.89 NR 3.38 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.77 3.400% 3.40% 248,000.00 5.29% 2,009.82 -15,840.19 NR 3.48 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.77 3.450% 3.45% 248,000.00 5.29% 2,015.93 -15,425.87 NR 3.48 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.84 3.550% 3.55% 248,000.00 5.28% 1,423.11 -14,764.11 NR 3.55 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.14% 1,379.29 -14,056.64 NR 3.55 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.28% 1,355.51 -15,169.98 NR 3.56 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.86 3.450% 3.56% 204,207.65 5.28% 1,007.59 -12,128.99 NR 3.57 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.46 4.600% 4.60% 248,000.00 5.28% 500.08 -6,641.86 NR 3.99 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.46 4.800% 4.85% 247,513.53 5.27% 489.21 -4,147.98 NR 3.97 Run Date: 10/6/2023 - 11:32 AM Amortizing 30 IV Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.650% 4.65% 248,000.00 5.28% 347.54 -6,172.23 NR 4.47 3.99 12547CB16 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.350% 4.40% 247,488.15 5.29% 4,078.75 -8,913.63 NR 4.63 4.09 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.500% 4.55% 247,490.45 5.29% 4,219.40 -7,401.90 NR 4.63 4.07 Total Certificates of Deposit 5.413.000.00 5,409,299.08 5,134,238.39 3.33% 5,410,227.74 5.39% 24,584.57 14.51% 3.25 -275,989.32 2.99 Corporate Bonds 89236TF59 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.43 248,580.00 0.67% Al/A+ 3.350% 3.03% 250,198.52 5.43% 1,930.90 -1,618.52 A+ 0.27 0.26 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 3.625% 2.97% 501,872.58 5.77% 6,947.92 -8,342.58 AA - 0.62 0.58 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 2.000% 2.08% 249,764.66 5.78% 958.33 -11,552.16 AAA 1.32 1.25 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 2.000% 4.04% 486,768.46 5.99% 1,305.56 -12,678.46 NR 1.38 1.31 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 2.992% 02/19/2025 0.99% 257,051.01 5.45% 249.33 -15,628.51 NR 1.47 1.39 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 4.050% 4.09% 499,606.76 5.91% 2,025.00 -16,136.76 AA - 1.90 1.78 037833BY5 Apple 3.250% 02/23/2026 500,000.00 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 3.49% 497,314.27 5.24% 1,715.28 -19,479.27 NR 2.40 2.21 808513BW4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.300% 3.35% 249,582.37 5.96% 4,125.00 -20,312.37 A 3.50 3.20 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 94.16 235,390.00 0.67% Al/AA 3.300% 3.48% 248,543.79 5.13% 3,850.00 -13,153.79 AA - 3.54 3.19 904764855 Unilever Capital Corp 09/08/2028 500,000.00 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.875% 5.08% 495,495.27 5.22% 1,557.29 -2,840.27 A 4.95 4.27 Total Corporate Bonds 3.750.000.00 3,755,377.50 3,614,455.00 3.48% 3,736,197.68 5.60% 24,664.61 10.02% 2.17 -121,742.69 1.97 LAIF Run Date: 10/6/2023 - 11:32 AM Amortizing 31 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 10/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.550% 3.55% 9,787,060.32 1.00 3.55% 9,787,060.32 0.00 26.26% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9.787.060.32 9,787,060.32 9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 26.26% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 5.233% 460,295.00 5.23% 460,295.00 1.00 460,295.00 5.23% 2,454.70 1.23% Aaa/AAA 0.00 NR 0.00 0.00 Total Money Market Funds 460.295.00 460,295.00 460,295.00 5.23% 460,295.00 5.23% 2,454.70 1.23% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.44 3.250% 3.38% 1,639,086.56 5.51% 3,405.28 -15,076.56 AAA 0.42 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.75 1.900% 1.90% 499,984.94 5.63% 2,375.00 -13,574.94 AAA 0.72 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.88 3.300% 3.39% 999,253.14 5.43% 4,216.67 -17,293.14 AAA 0.84 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.05 1.500% 1.67% 199,659.32 5.44% 1,375.00 -7,565.32 AAA 1.00 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.45 2.375% 0.49% 513,561.00 5.33% 560.76 -33,986.00 AAA 1.39 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.87 0.500% 02/18/2022 0.50% 500,000.00 5.17% 298.61 -41,035.00 AAA 1.82 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.91 4.000% 11/28/2023 4.00% 2,000,000.00 5.43% 7,333.33 -51,180.00 AAA 1.59 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.98 0.375% 0.48% 498,996.65 5.11% 41.67 -43,096.65 AAA 1.92 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.25 1.370% 12/30/2023 1.37% 500,000.00 5.09% 1,731.53 -55,095.00 AAA 3.08 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.41 0.900% 11/26/2023 4.25% 448,115.88 5.12% 437.50 -13,325.88 AAA 3.26 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.64 3.250% 11/19/2023 3.25% 600,000.00 4.57% 7,150.00 -26,346.00 AAA 2.40 Run Date: 10/6/2023 - 11:32 AM Amortizing 32 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 4.050% 11/25/2023 4.05% 1,000,000.00 5.36% 4,050.00 -45,700.00 AAA 3.90 2.75 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 6.000% 10/28/2023 6.00% 1,000,000.00 6.28% 15,166.67 -11,410.00 AAA 4.75 0.94 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,023,973.00 3.23% 10,398,657.49 5.42% 48,142.02 27.90% 2.18 -374,684.49 1.54 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 99.85 868,729.80 2.33% P -1/A-1+ 0.000% 5.41% 868,443.29 4.45% 0.00 286.51 Fl+ 0.03 0.04 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.250% 0.25% 999,997.88 5.23% 944.29 -6,187.88 AAA 0.13 0.12 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.375% 0.69% 499,164.69 5.42% 865.78 -12,444.69 AAA 0.54 0.52 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 1.500% 0.43% 1,012,438.40 95.68 956,760.00 5.37% 5,040.98 2.72% Aaa/AA+ -55,678.40 AAA 1.17 1.12 912828ZT0 U.S. Treasury 0.250% 05/31/2025 500,000.00 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 0.69% 496,403.40 5.19% 420.08 -35,348.40 AAA 1.67 1.61 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 0.375% 0.62% 994,772.50 5.00% 1,260.25 -88,562.50 AAA 2.17 2.10 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 0.375% 0.60% 497,360.51 4.95% 315.90 -47,225.51 AAA 2.34 2.26 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 0.750% 0.70% 1,001,308.26 89.81 898,130.00 4.87% 2,520.49 2.69% Aaa/AA+ -103,178.26 AAA 2.67 2.56 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 0.875% 1.17% 495,723.49 4.77% 11.95 -49,513.49 AAA 3.00 2.88 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 3.875% 4.37% 618,192.17 4.68% 6,169.46 -7,507.97 AAA 4.25 3.81 7,477,854.77 7,078,444.00 20.08% 1.68 Total U.S. Treasuries 7.500,000.00 1.46% 7,483,804.58 4.99% 17,549.18 -405,360.59 1.59 Run Date: 10/6/2023 - 11:32 AM Amortizing 33 1� Holdings Report City of Lynwood September 30, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37.300.417.27 37,350,355.32 3.02% 37,276,242.81 Mkt Price Mkt YTM 4.85% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,098,465.71 100.00% 1.63 117,395.08 -1,177,777.09 1.38 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM Amortizing 34 LV Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Book Days to Value YTM Maturity FGTXX Goldman Sachs Govt MMF 460,295.00 5.233% 10/01/2023 460,295.00 1 460,295.00 5.23% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.550% 10/01/2023 9,787,060.32 1 9,787,060.32 3.55% 1 912797FA0 U.S. Treasury 07/13/2023 868,443.29 0.000% 10/12/2023 870,000.00 79 868,729.80 5.41% 12 91282CAW1 U.S. Treasury 07/22/2021 999,997.88 0.250% 11/15/2023 1,000,000.00 800 993,810.00 0.25% 46 89236TF59 Toyota Motor Credit 02/28/2019 250,198.52 3.350% 01/08/2024 250,000.00 1,675 248,580.00 3.03% 100 17312Q3B3 Citibank 02/28/2019 247,952.91 3.000% 02/27/2024 248,000.00 1,675 245,493.17 3.05% 150 3130A0XE5 FHLB 08/22/2022 1,639,086.56 3.250% 03/08/2024 1,640,000.00 404 1,624,010.00 3.38% 160 91282CBV2 U.S. Treasury 11/22/2021 499,164.69 0.375% 04/15/2024 500,000.00 677 486,720.00 0.69% 198 46625HJX9 JPMorgan Chase & Co 05/13/2019 501,872.58 3.625% 05/13/2024 500,000.00 1,601 493,530.00 2.97% 226 3133EKTV8 FFCB 07/02/2019 499,984.94 1.900% 07/01/2024 500,000.00 1,551 486,410.00 1.90% 275 3133ENG20 FFCB 08/18/2022 999,253.14 3.300% 08/15/2024 1,000,000.00 408 981,960.00 3.39% 320 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,478 239,203.97 1.85% 349 3133EK3B0 FFCB 10/17/2019 199,659.32 1.500% 10/16/2024 200,000.00 1,444 192,094.00 1.67% 382 912828YV6 U.S. Treasury 07/22/2021 1,012,438.40 1.500% 11/30/2024 1,000,000.00 800 956,760.00 0.43% 427 64952WDL4 New York Life 01/22/2020 249,764.66 2.000% 01/22/2025 250,000.00 1,347 238,212.50 2.08% 480 88579YBH3 3M 09/07/2022 486,768.46 2.000% 02/14/2025 500,000.00 388 474,090.00 4.04% 503 3130A4CH3 FHLB 10/07/2020 513,561.00 2.375% 03/14/2025 500,000.00 1,088 479,575.00 0.49% 531 30231GBH4 Exxon Mobil 06/22/2020 257,051.01 2.992% 03/19/2025 250,000.00 1,195 241,422.50 0.99% 536 912828ZT0 U.S. Treasury 06/29/2021 496,403.40 0.250% 05/31/2025 500,000.00 823 461,055.00 0.69% 609 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,138 458,965.00 0.50% 682 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 408 237,884.25 3.30% 688 59217GFC8 MetLife 08/25/2022 499,606.76 4.050% 08/25/2025 500,000.00 401 483,470.00 4.09% 695 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 396 1,948,820.00 4.00% 698 3137EAEX3 FHLMC 10/20/2020 498,996.65 0.375% 09/23/2025 500,000.00 1,075 455,900.00 0.48% 724 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,100 224,454.53 0.50% 726 91282CAZ4 U.S. Treasury 07/22/2021 994,772.50 0.375% 11/30/2025 1,000,000.00 800 906,210.00 0.62% 792 91282CBH3 U.S. Treasury 02/25/2021 497,360.51 0.375% 01/31/2026 500,000.00 947 450,135.00 0.60% 854 037833BY5 Apple 08/25/2022 497,314.27 3.250% 02/23/2026 500,000.00 401 477,835.00 3.49% 877 856283598 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 886 221,592.15 1.00% 940 91282CCF6 U.S. Treasury 07/22/2021 1,001,308.26 0.750% 05/31/2026 1,000,000.00 800 898,130.00 0.70% 974 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 450 234,876.52 3.35% 1,011 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 807 219,413.15 0.95% 1,019 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 780 218,573.70 0.95% 1,046 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 199 243,596.64 4.75% 1,081 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248, 000.00 191 245, 303.78 5.00% 1,089 91282CCZ2 U.S. Treasury 10/19/2021 495,723.49 0.875% 09/30/2026 500,000.00 711 446,210.00 1.17% 1,096 Run Date: 10/6/2023 - 11:32 AM Amortizing 35 LI Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Value Coupon Rate Maturity Date Remaining Par Term Market Value Book YTM Days to Maturity 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 639 444,905.00 1.37% 1,187 3130AL5A8 FHLB 02/09/2023 448,115.88 0.900% 02/26/2027 500,000.00 233 434,790.00 4.25% 1,245 808513BW4 Charles Schwab 04/12/2022 249,582.37 3.300% 04/01/2027 250,000.00 536 229,270.00 3.35% 1,279 023135CF1 Amazon 06/09/2022 248,543.79 3.300% 04/13/2027 250,000.00 478 235,390.00 3.48% 1,291 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 499 573,654.00 3.25% 1,327 910286GM9 United Fidelity Bank FSB 06/29/2023 247,575.05 4.550% 06/29/2027 248,000.00 93 241,810.16 4.60% 1,368 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 450 232,159.81 3.40% 1,375 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 450 232,574.13 3.45% 1,376 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 423 233,235.89 3.55% 1,403 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 422 233,943.36 3.50% 1,404 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 421 232,830.02 3.50% 1,405 02589ADQ2 American Express National Bank 08/12/2022 204,207.65 3.450% 08/10/2027 205,000.00 414 192,078.66 3.56% 1,410 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 396 954,300.00 4.05% 1,425 91282CGC9 U.S. Treasury 03/03/2023 618,192.17 3.875% 12/31/2027 630,000.00 211 610,684.20 4.37% 1,553 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 199 241,358.14 4.60% 1,628 61690U3C2 Morgan Stanley Bank 03/16/2023 247,513.53 4.800% 03/16/2028 248,000.00 198 243,365.55 4.85% 1,629 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 194 241,827.77 4.65% 1,633 12547CBJ6 CIBC Bank USA 05/17/2023 247,488.15 4.350% 05/16/2028 248,000.00 136 238,574.52 4.40% 1,690 05600XQE3 BMO Harris Bank NA 05/17/2023 247,490.45 4.500% 05/16/2028 248,000.00 136 240,088.54 4.55% 1,690 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 92 988,590.00 6.00% 1,733 904764655 Unilever Capital Corp 09/22/2023 495,495.27 4.875% 09/08/2028 500,000.00 8 492,655.00 5.08% 1,805 Net Maturities and Averages 37,276,242.81 37,350,355.32 36,098,465.71 3.02% 596 Run Date: 10/6/2023 - 11:32 AM Amortizing 36 LL Income Earned Summary City of Lynwood September 30, 2023 September 30 Month End Fiscal Year To Date Interest Interest Received/Purchased 53,021.16 303,139.11 Plus Accrued Interest at End of Period 117,395.08 117,395.08 Less Accrued Interest at Beginning of Period -113,626.98 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 56,789.26 174,994.75 4,912.58 13,686.18 0.00 0.00 Total Earnings During Period 61,701.84 188,680.93 Run Date: 10/6/2023 - 11:32 AM Amortizing 37 L:! Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 29278TLY4 EnerBank 09/27/2023 0.00 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 Citibank 02/27/2024 248,000.00 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,479.06 247,488.15 3,192.07 0.00 4,078.75 886.68 9.09 895.77 Certificates of Deposit - Sub Total 5,413,000.00 5,658,156.23 5,410,227.74 24,699.05 15,215.65 24,584.57 15,101.17 71.50 15,172.67 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 New York Life 01/22/2025 250,000.00 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 3M 02/14/2025 500,000.00 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 MetLife 08/25/2025 500,000.00 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 Apple 02/23/2026 500,000.00 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,572.76 249,582.37 3,437.50 0.00 4,125.00 687.50 9.60 697.10 Run Date: 10/6/2023 - 11:32 AM Amortizing 38 LU Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 023135CF1 Amazon 04/13/2027 250,000.00 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764B55 Unilever Capital Corp 09/08/2028 500,000.00 0.00 495,495.27 0.00 -947.92 1,557.29 609.37 20.27 629.64 Corporate Bonds - Sub Total 3,750,000.00 3,240,452.36 3, 736,19 7.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF 9819499 LAIF 10/01/2023 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 Money Market Funds - Sub Total 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,918.90 1,639,086.56 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 FFCB 07/01/2024 500,000.00 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 FFCB 10/16/2024 200,000.00 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 FHLB 03/14/2025 500,000.00 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 FHLB 02/26/2027 500,000.00 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 10,166.67 0.00 15,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 397,875.61 10,398,657.49 54,467.02 33,525.00 48,142.02 27,200.00 781.88 27,981.88 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,013,312.29 1,012,438.40 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 Run Date: 10/6/2023 - 11:32 AM Amortizing 39 LI Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,964.08 618,192.17 4,179.31 0.00 6,169.46 1,990.15 228.10 2,218.25 U.S. Treasuries - Sub Total 7,500,000.00 7,480,015.71 7,483,804.58 14, 623.49 0.00 17,549.18 2,925.69 3,788.88 6,714.57 Grand Total 37,350,355.32 37,218,309.07 37,276,242.81 113, 62 6.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM Amortizing 40 LO Realized Gains and Losses City of Lynwood September 01, 2023 - September 30, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 29278TLY4 EnerBank 09/30/2019 248,000.00 09/27/2023 1,458 248,000.00 248,000.00 0.00 2.000% 09/27/2023 1,458 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Grand Total 248.000.00 248.000.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 41 LJ Transaction Report City of Lynwood September 01, 2023 - September 30, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/05/2023 Interest FGTXX GSGF 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 09/22/2023 Purchase 904764B55 UNANA 4 7/8 09/08/28 09/08/2028 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 -495,475.00 248,000.00 1,488.43 26,650.00 200.10 2,312.85 5,937.50 1,000.49 968.90 6,000.92 695.08 3,740.00 979.43 -947.92 625.10 937.50 1,053.15 421.26 958.37 Grand Total: -495,475.00 248,000.00 53,021.16 0.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 42 Portfolio Summary City of Lynwood 9/30/2023 SECTOR ALLOCATION AGY 27.9% LAIF TSY CD 14.5% CORP 10.0% MMF 1.2% 0% 26.3% 20.1% 25% 50% 75% 100% 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% MATURITY DISTRIBUTION 45.6% 19.3% 12.0% 14.0% 9.0% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+ CREDIT QUALITY (MOODY'S) P-1 j 2.3% Aaa 48.9% Aa1 Aa2 1 0.7% Aa3 1 1.3% Al 1 4.0% A2 1 2.0% A3 NR 40.8% 0% 25% 50% 75% 100% ACCOUNT SUMMARY MONTH -END PORTFOLIO BOOK YIELD 1 TOP ISSUERS Market Value Book Value Variance Par Value Net Asset Value Book Yield Market Yield Years to Maturity Effective Duration 9/30/23 8/31/23 Run Date: 10/6/2023 - 11:26 AM Amortizing $36,098,466 $37276243 -$1,177,777 -$1,167,439 $37,350,355 $37292,809 $96.84 $96.86 3.02% 2.97% 4.85% 4.79% 1.63 1.63 1.38 1.36 $36,050,870 $37,218,309 3.20% 3.00% - 2.80% - 2.60% - 2.40% - 2.20% - 2.00% - 1.80% - 1.60% , , N N U0 0 o z N N N 0 m N C CO m 41 LL m m N Q rn N (t5 M m m m V N N N -3 8.0 Q Issuer % Portfolio LAIF 26.3% U.S. Treasury 20.1% FHLB 18.0% FFCB 4.6% FHLMC 4.0% JPMorgan 1.3% FNMA 1.3% MetLife 1.3% Apple 1.3% Unilever Capital Corp 1.3% 3M 1.3% Goldman Sachs Govt MMF 1.2% Exxon Mobil 0.7% Toyota 0.7% New York Life 0.7% 43 Investment Policy Compliance City of Lynwood 9/30/2023 Category Book Value % of Portfolio % Allowed by Policy In Compliance US Treasuries US Federal Agencies Supranational Obligations LAIF Commercial Paper Money Market Funds Negotiable Certificates of Deposit Corporate Obligations State and Local Governments 7,483,804.58 10,398,657.49 0.00 9,787,060.32 0.00 460,295.00 5,410,227.74 3,736,197.68 0.00 20.08% 27.90% 0.00% 26.26% 0.00% 1.23% 14.51% 10.02% 0.00% 100% 100% 30% 75,000,000 25% 20% 30% 30% 100% Yes Yes Yes Yes Yes Yes Yes Yes Yes Total 37,276,242.81 100.00% Other Metrics Portfolio Metric In Compliance Weighted Average Maturity Liquidity Ratings Run Date: 10/6/2023 - 11:26 AM Amortizing 1.63 Less than 3.0 Years Yes 45.61% 30% Under 365 Days Yes Yes 44 Portfolio Summary City of Lynwood September 30, 2023 Investments Certificates of Deposit of Days to Par Value Market Value Book Value Portfolio Maturity Book YTM 5,413, 000.00 5,134, 238.39 5,410,227.74 14.51 1,185 3.33 Corporate Bonds 3,750,000.00 3,614,455.00 3,736,197.68 10.02 792 3.48 LAIF 9,787,060.32 9,787,060.32 9,787,060.32 26.26 1 3.55 Money Market Funds 460,295.00 460,295.00 460,295.00 1.23 1 5.23 U.S. Agencies 10,440,000.00 10,023, 973.00 10,398,657.49 27.90 796 3.23 U.S. Treasuries 7,500,000.00 7,078,444.00 7,483,804.58 20.08 612 1.46 Investments Total Earnings 37,350,355.32 36,098,465.71 September 30 Month Ending Fiscal Year To Date 37,276,242.81 100.00 596 3.02 Current Year 61,701.84 188,680.93 Average Daily Balance 37,253,532.56 37,137,953.72 Book Rate of Return 2.02% 2.02% Run Date: 10/6/2023 - 11:31 AM Amortizing 45 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 17312Q3B3 Citibank 02/27/2024 248,000.00 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.41 3.000% 3.05% 247,952.91 5.67% 713.42 -2,459.74 NR 0.41 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.96 1.850% 1.85% 248,000.00 5.72% 226.26 -8,796.03 NR 0.94 27002YFE1 EagleBank 08/18/2025 248,000.00 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.88 3.300% 3.30% 248,000.00 5.60% 291.48 -10,115.75 NR 1.81 05580AXF6 BMW Bank 09/25/2025 248,000.00 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.99 0.500% 0.50% 248,000.00 5.62% 20.38 -23,545.47 NR 1.98 856283598 State Bank of India 04/27/2026 248,000.00 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.58 1.000% 1.00% 248,000.00 5.49% 1,066.74 -26,407.85 NR 2.53 02007GUP6 Ally Bank 07/07/2026 248,000.00 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.77 3.350% 3.35% 248,000.00 5.43% 1,957.50 -13,123.48 NR 2.61 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.79 0.950% 0.95% 248,000.00 5.46% 503.47 -28,586.85 NR 2.75 90348JR93 UBS Bank USA 08/11/2026 248,000.00 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.87 0.950% 0.95% 248,000.00 5.45% 129.10 -29,426.30 NR 2.82 15721UFP9 CFBank 09/15/2026 248,000.00 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.96 4.750% 4.75% 248,000.00 5.40% 516.38 -4,403.36 NR 2.73 32117BFR4 First National Bank 09/23/2026 248,000.00 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.98 5.000% 5.00% 248,000.00 5.40% 271.78 -2,696.22 NR 2.74 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.75 4.550% 4.60% 247,575.05 5.29% 61.83 -5,764.89 NR 3.38 254673L38 Discover Bank 07/06/2027 248,000.00 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.77 3.400% 3.40% 248,000.00 5.29% 2,009.82 -15,840.19 NR 3.48 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.77 3.450% 3.45% 248,000.00 5.29% 2,015.93 -15,425.87 NR 3.48 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.84 3.550% 3.55% 248,000.00 5.28% 1,423.11 -14,764.11 NR 3.55 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.14% 1,379.29 -14,056.64 NR 3.55 87164XN93 Synchrony Bank 08/05/2027 248,000.00 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.85 3.500% 3.50% 248,000.00 5.28% 1,355.51 -15,169.98 NR 3.56 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.86 3.450% 3.56% 204,207.65 5.28% 1,007.59 -12,128.99 NR 3.57 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.46 4.600% 4.60% 248,000.00 5.28% 500.08 -6,641.86 NR 3.99 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.46 4.800% 4.85% 247,513.53 5.27% 489.21 -4,147.98 NR 3.97 Run Date: 10/6/2023 - 11:32 AM Amortizing 46 IV Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. Certificates of Deposit 062119BK7 Bank Five Nine 03/20/2028 248,000.00 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.650% 4.65% 248,000.00 5.28% 347.54 -6,172.23 NR 4.47 3.99 12547CB16 CIBC Bank USA 05/16/2028 248,000.00 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.350% 4.40% 247,488.15 5.29% 4,078.75 -8,913.63 NR 4.63 4.09 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.500% 4.55% 247,490.45 5.29% 4,219.40 -7,401.90 NR 4.63 4.07 Total Certificates of Deposit 5.413.000.00 5,409,299.08 5,134,238.39 3.33% 5,410,227.74 5.39% 24,584.57 14.51% 3.25 -275,989.32 2.99 Corporate Bonds 89236TF59 Toyota Motor Credit 01/08/2024 250,000.00 02/28/2019 253,545.00 99.43 248,580.00 0.67% Al/A+ 3.350% 3.03% 250,198.52 5.43% 1,930.90 -1,618.52 A+ 0.27 0.26 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 3.625% 2.97% 501,872.58 5.77% 6,947.92 -8,342.58 AA - 0.62 0.58 64952WDL4 New York Life 01/22/2025 250,000.00 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 2.000% 2.08% 249,764.66 5.78% 958.33 -11,552.16 AAA 1.32 1.25 88579YBH3 3M 02/14/2025 500,000.00 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 2.000% 4.04% 486,768.46 5.99% 1,305.56 -12,678.46 NR 1.38 1.31 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 2.992% 02/19/2025 0.99% 257,051.01 5.45% 249.33 -15,628.51 NR 1.47 1.39 59217GFC8 MetLife 08/25/2025 500,000.00 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 4.050% 4.09% 499,606.76 5.91% 2,025.00 -16,136.76 AA - 1.90 1.78 037833BY5 Apple 3.250% 02/23/2026 500,000.00 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 3.49% 497,314.27 5.24% 1,715.28 -19,479.27 NR 2.40 2.21 808513BW4 Charles Schwab 04/01/2027 250,000.00 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.300% 3.35% 249,582.37 5.96% 4,125.00 -20,312.37 A 3.50 3.20 023135CF1 Amazon 04/13/2027 250,000.00 06/09/2022 248,005.00 94.16 235,390.00 0.67% Al/AA 3.300% 3.48% 248,543.79 5.13% 3,850.00 -13,153.79 AA - 3.54 3.19 904764855 Unilever Capital Corp 09/08/2028 500,000.00 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.875% 5.08% 495,495.27 5.22% 1,557.29 -2,840.27 A 4.95 4.27 Total Corporate Bonds 3.750.000.00 3,755,377.50 3,614,455.00 3.48% 3,736,197.68 5.60% 24,664.61 10.02% 2.17 -121,742.69 1.97 LAIF Run Date: 10/6/2023 - 11:32 AM Amortizing 47 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. LAIF 9819499 LAIF 10/01/2023 9,787,060.32 07/14/2023 9,787,060.32 3.550% 3.55% 9,787,060.32 1.00 3.55% 9,787,060.32 0.00 26.26% NR/NR 0.00 NR 0.00 0.00 Total LAIF 9.787.060.32 9,787,060.32 9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 26.26% 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 5.233% 460,295.00 5.23% 460,295.00 1.00 460,295.00 5.23% 2,454.70 1.23% Aaa/AAA 0.00 NR 0.00 0.00 Total Money Market Funds 460.295.00 460,295.00 460,295.00 5.23% 460,295.00 5.23% 2,454.70 1.23% 0.00 0.00 0.00 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.44 3.250% 3.38% 1,639,086.56 5.51% 3,405.28 -15,076.56 AAA 0.42 3133EKTV8 FFCB 07/01/2024 500,000.00 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.75 1.900% 1.90% 499,984.94 5.63% 2,375.00 -13,574.94 AAA 0.72 3133ENG20 FFCB 08/15/2024 1,000,000.00 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.88 3.300% 3.39% 999,253.14 5.43% 4,216.67 -17,293.14 AAA 0.84 3133EK3B0 FFCB 10/16/2024 200,000.00 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.05 1.500% 1.67% 199,659.32 5.44% 1,375.00 -7,565.32 AAA 1.00 3130A4CH3 FHLB 03/14/2025 500,000.00 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.45 2.375% 0.49% 513,561.00 5.33% 560.76 -33,986.00 AAA 1.39 3136G4H71 FNMA 08/12/2025 500,000.00 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.87 0.500% 02/18/2022 0.50% 500,000.00 5.17% 298.61 -41,035.00 AAA 1.82 3130ASYR4 FHLB 08/28/2025 2,000,000.00 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.91 4.000% 11/28/2023 4.00% 2,000,000.00 5.43% 7,333.33 -51,180.00 AAA 1.59 3137EAEX3 FHLMC 09/23/2025 500,000.00 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.98 0.375% 0.48% 498,996.65 5.11% 41.67 -43,096.65 AAA 1.92 3130AQEC3 FHLB 12/30/2026 500,000.00 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.25 1.370% 12/30/2023 1.37% 500,000.00 5.09% 1,731.53 -55,095.00 AAA 3.08 3130AL5A8 FHLB 02/26/2027 500,000.00 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.41 0.900% 11/26/2023 4.25% 448,115.88 5.12% 437.50 -13,325.88 AAA 3.26 3130ARTT8 FHLB 05/19/2027 600,000.00 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.64 3.250% 11/19/2023 3.25% 600,000.00 4.57% 7,150.00 -26,346.00 AAA 2.40 Run Date: 10/6/2023 - 11:32 AM Amortizing 48 10 Holdings Report City of Lynwood September 30, 2023 CUSIP Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value Mkt Price Mkt YTM Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. U.S. Agencies 3130AT2L0 FHLB 08/25/2027 1,000,000.00 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 4.050% 11/25/2023 4.05% 1,000,000.00 5.36% 4,050.00 -45,700.00 AAA 3.90 2.75 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 6.000% 10/28/2023 6.00% 1,000,000.00 6.28% 15,166.67 -11,410.00 AAA 4.75 0.94 Total U.S. Agencies 10,440.000.00 10,410,530.60 10,023,973.00 3.23% 10,398,657.49 5.42% 48,142.02 27.90% 2.18 -374,684.49 1.54 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 07/13/2023 858,454.38 99.85 868,729.80 2.33% P -1/A-1+ 0.000% 5.41% 868,443.29 4.45% 0.00 286.51 Fl+ 0.03 0.04 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.250% 0.25% 999,997.88 5.23% 944.29 -6,187.88 AAA 0.13 0.12 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.375% 0.69% 499,164.69 5.42% 865.78 -12,444.69 AAA 0.54 0.52 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 07/22/2021 1,035,742.19 1.500% 0.43% 1,012,438.40 95.68 956,760.00 5.37% 5,040.98 2.72% Aaa/AA+ -55,678.40 AAA 1.17 1.12 912828ZT0 U.S. Treasury 0.250% 05/31/2025 500,000.00 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 0.69% 496,403.40 5.19% 420.08 -35,348.40 AAA 1.67 1.61 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 0.375% 0.62% 994,772.50 5.00% 1,260.25 -88,562.50 AAA 2.17 2.10 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 0.375% 0.60% 497,360.51 4.95% 315.90 -47,225.51 AAA 2.34 2.26 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 07/22/2021 1,002,382.81 0.750% 0.70% 1,001,308.26 89.81 898,130.00 4.87% 2,520.49 2.69% Aaa/AA+ -103,178.26 AAA 2.67 2.56 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 0.875% 1.17% 495,723.49 4.77% 11.95 -49,513.49 AAA 3.00 2.88 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 3.875% 4.37% 618,192.17 4.68% 6,169.46 -7,507.97 AAA 4.25 3.81 7,477,854.77 7,078,444.00 20.08% 1.68 Total U.S. Treasuries 7.500,000.00 1.46% 7,483,804.58 4.99% 17,549.18 -405,360.59 1.59 Run Date: 10/6/2023 - 11:32 AM Amortizing 49 1� Holdings Report City of Lynwood September 30, 2023 CUSIP TOTAL PORTFOLIO Issuer Coupon Rate Maturity Date Remaining Settle Date Original Value Call Date Par Value Book Yield Book Value 37.300.417.27 37,350,355.32 3.02% 37,276,242.81 Mkt Price Mkt YTM 4.85% Market Value % of Port Moody/S&P WAM Accrued Int. Gain/Loss Fitch Eff. Dur. 36,098,465.71 100.00% 1.63 117,395.08 -1,177,777.09 1.38 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM Amortizing 50 LV Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Coupon Maturity Remaining Value Rate Date Par Term Market Book Days to Value YTM Maturity FGTXX Goldman Sachs Govt MMF 460,295.00 5.233% 10/01/2023 460,295.00 1 460,295.00 5.23% 1 9819499 LAIF 05/18/2020 9,787,060.32 3.550% 10/01/2023 9,787,060.32 1 9,787,060.32 3.55% 1 912797FA0 U.S. Treasury 07/13/2023 868,443.29 0.000% 10/12/2023 870,000.00 79 868,729.80 5.41% 12 91282CAW1 U.S. Treasury 07/22/2021 999,997.88 0.250% 11/15/2023 1,000,000.00 800 993,810.00 0.25% 46 89236TF59 Toyota Motor Credit 02/28/2019 250,198.52 3.350% 01/08/2024 250,000.00 1,675 248,580.00 3.03% 100 17312Q3B3 Citibank 02/28/2019 247,952.91 3.000% 02/27/2024 248,000.00 1,675 245,493.17 3.05% 150 3130A0XE5 FHLB 08/22/2022 1,639,086.56 3.250% 03/08/2024 1,640,000.00 404 1,624,010.00 3.38% 160 91282CBV2 U.S. Treasury 11/22/2021 499,164.69 0.375% 04/15/2024 500,000.00 677 486,720.00 0.69% 198 46625HJX9 JPMorgan Chase & Co 05/13/2019 501,872.58 3.625% 05/13/2024 500,000.00 1,601 493,530.00 2.97% 226 3133EKTV8 FFCB 07/02/2019 499,984.94 1.900% 07/01/2024 500,000.00 1,551 486,410.00 1.90% 275 3133ENG20 FFCB 08/18/2022 999,253.14 3.300% 08/15/2024 1,000,000.00 408 981,960.00 3.39% 320 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,478 239,203.97 1.85% 349 3133EK3B0 FFCB 10/17/2019 199,659.32 1.500% 10/16/2024 200,000.00 1,444 192,094.00 1.67% 382 912828YV6 U.S. Treasury 07/22/2021 1,012,438.40 1.500% 11/30/2024 1,000,000.00 800 956,760.00 0.43% 427 64952WDL4 New York Life 01/22/2020 249,764.66 2.000% 01/22/2025 250,000.00 1,347 238,212.50 2.08% 480 88579YBH3 3M 09/07/2022 486,768.46 2.000% 02/14/2025 500,000.00 388 474,090.00 4.04% 503 3130A4CH3 FHLB 10/07/2020 513,561.00 2.375% 03/14/2025 500,000.00 1,088 479,575.00 0.49% 531 30231GBH4 Exxon Mobil 06/22/2020 257,051.01 2.992% 03/19/2025 250,000.00 1,195 241,422.50 0.99% 536 912828ZT0 U.S. Treasury 06/29/2021 496,403.40 0.250% 05/31/2025 500,000.00 823 461,055.00 0.69% 609 3136G4H71 FNMA 08/18/2020 500,000.00 0.500% 08/12/2025 500,000.00 1,138 458,965.00 0.50% 682 27002YFE1 EagleBank 08/18/2022 248,000.00 3.300% 08/18/2025 248,000.00 408 237,884.25 3.30% 688 59217GFC8 MetLife 08/25/2022 499,606.76 4.050% 08/25/2025 500,000.00 401 483,470.00 4.09% 695 3130ASYR4 FHLB 08/30/2022 2,000,000.00 4.000% 08/28/2025 2,000,000.00 396 1,948,820.00 4.00% 698 3137EAEX3 FHLMC 10/20/2020 498,996.65 0.375% 09/23/2025 500,000.00 1,075 455,900.00 0.48% 724 05580AXF6 BMW Bank 09/25/2020 248,000.00 0.500% 09/25/2025 248,000.00 1,100 224,454.53 0.50% 726 91282CAZ4 U.S. Treasury 07/22/2021 994,772.50 0.375% 11/30/2025 1,000,000.00 800 906,210.00 0.62% 792 91282CBH3 U.S. Treasury 02/25/2021 497,360.51 0.375% 01/31/2026 500,000.00 947 450,135.00 0.60% 854 037833BY5 Apple 08/25/2022 497,314.27 3.250% 02/23/2026 500,000.00 401 477,835.00 3.49% 877 856283598 State Bank of India 04/27/2021 248,000.00 1.000% 04/27/2026 248,000.00 886 221,592.15 1.00% 940 91282CCF6 U.S. Treasury 07/22/2021 1,001,308.26 0.750% 05/31/2026 1,000,000.00 800 898,130.00 0.70% 974 02007GUP6 Ally Bank 07/07/2022 248,000.00 3.350% 07/07/2026 248,000.00 450 234,876.52 3.35% 1,011 89235MLC3 Toyota Financial Savings Bank 07/15/2021 248,000.00 0.950% 07/15/2026 248,000.00 807 219,413.15 0.95% 1,019 90348JR93 UBS Bank USA 08/11/2021 248,000.00 0.950% 08/11/2026 248,000.00 780 218,573.70 0.95% 1,046 15721UFP9 CFBank 03/15/2023 248,000.00 4.750% 09/15/2026 248,000.00 199 243,596.64 4.75% 1,081 32117BFR4 First National Bank 03/23/2023 248,000.00 5.000% 09/23/2026 248, 000.00 191 245, 303.78 5.00% 1,089 91282CCZ2 U.S. Treasury 10/19/2021 495,723.49 0.875% 09/30/2026 500,000.00 711 446,210.00 1.17% 1,096 Run Date: 10/6/2023 - 11:32 AM Amortizing 51 LI Maturity Report City of Lynwood September 30, 2023 CUSIP Issuer Purchase Date Book Value Coupon Rate Maturity Date Remaining Par Term Market Value Book YTM Days to Maturity 3130AQEC3 FHLB 12/30/2021 500,000.00 1.370% 12/30/2026 500,000.00 639 444,905.00 1.37% 1,187 3130AL5A8 FHLB 02/09/2023 448,115.88 0.900% 02/26/2027 500,000.00 233 434,790.00 4.25% 1,245 808513BW4 Charles Schwab 04/12/2022 249,582.37 3.300% 04/01/2027 250,000.00 536 229,270.00 3.35% 1,279 023135CF1 Amazon 06/09/2022 248,543.79 3.300% 04/13/2027 250,000.00 478 235,390.00 3.48% 1,291 3130ARTT8 FHLB 05/19/2022 600,000.00 3.250% 05/19/2027 600,000.00 499 573,654.00 3.25% 1,327 910286GM9 United Fidelity Bank FSB 06/29/2023 247,575.05 4.550% 06/29/2027 248,000.00 93 241,810.16 4.60% 1,368 254673L38 Discover Bank 07/07/2022 248,000.00 3.400% 07/06/2027 248,000.00 450 232,159.81 3.40% 1,375 14042RST9 Capital One Bank NA 07/07/2022 248,000.00 3.450% 07/07/2027 248,000.00 450 232,574.13 3.45% 1,376 14042TJD0 Capital One Bank USA 08/03/2022 248,000.00 3.550% 08/03/2027 248,000.00 423 233,235.89 3.55% 1,403 61768ELH4 Morgan Stanley Private Bank 08/04/2022 248,000.00 3.500% 08/04/2027 248,000.00 422 233,943.36 3.50% 1,404 87164XN93 Synchrony Bank 08/05/2022 248,000.00 3.500% 08/05/2027 248,000.00 421 232,830.02 3.50% 1,405 02589ADQ2 American Express National Bank 08/12/2022 204,207.65 3.450% 08/10/2027 205,000.00 414 192,078.66 3.56% 1,410 3130AT2L0 FHLB 08/30/2022 1,000,000.00 4.050% 08/25/2027 1,000,000.00 396 954,300.00 4.05% 1,425 91282CGC9 U.S. Treasury 03/03/2023 618,192.17 3.875% 12/31/2027 630,000.00 211 610,684.20 4.37% 1,553 32114VCH8 First National Bank of Michigan 03/15/2023 248,000.00 4.600% 03/15/2028 248,000.00 199 241,358.14 4.60% 1,628 61690U3C2 Morgan Stanley Bank 03/16/2023 247,513.53 4.800% 03/16/2028 248,000.00 198 243,365.55 4.85% 1,629 062119BK7 Bank Five Nine 03/20/2023 248,000.00 4.650% 03/20/2028 248,000.00 194 241,827.77 4.65% 1,633 12547CBJ6 CIBC Bank USA 05/17/2023 247,488.15 4.350% 05/16/2028 248,000.00 136 238,574.52 4.40% 1,690 05600XQE3 BMO Harris Bank NA 05/17/2023 247,490.45 4.500% 05/16/2028 248,000.00 136 240,088.54 4.55% 1,690 3134GYUE0 FHLMC 06/30/2023 1,000,000.00 6.000% 06/28/2028 1,000,000.00 92 988,590.00 6.00% 1,733 904764655 Unilever Capital Corp 09/22/2023 495,495.27 4.875% 09/08/2028 500,000.00 8 492,655.00 5.08% 1,805 Net Maturities and Averages 37,276,242.81 37,350,355.32 36,098,465.71 3.02% 596 Run Date: 10/6/2023 - 11:32 AM Amortizing 52 LL Income Earned Summary City of Lynwood September 30, 2023 September 30 Month End Fiscal Year To Date Interest Interest Received/Purchased 53,021.16 303,139.11 Plus Accrued Interest at End of Period 117,395.08 117,395.08 Less Accrued Interest at Beginning of Period -113,626.98 -245,539.44 Interest Earned During Period Total Adjustments for Amortization/Accretion Total Capital Gains or Losses 56,789.26 174,994.75 4,912.58 13,686.18 0.00 0.00 Total Earnings During Period 61,701.84 188,680.93 Run Date: 10/6/2023 - 11:32 AM Amortizing 53 L:! Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Certificates of Deposit 29278TLY4 EnerBank 09/27/2023 0.00 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 Citibank 02/27/2024 248,000.00 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 EagleBank 08/18/2025 248,000.00 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 BMW Bank 09/25/2025 248,000.00 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283598 State Bank of India 04/27/2026 248,000.00 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 Ally Bank 07/07/2026 248,000.00 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 Toyota Financial Savings Bank 07/15/2026 248,000.00 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 UBS Bank USA 08/11/2026 248,000.00 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 CFBank 09/15/2026 248,000.00 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 First National Bank 09/23/2026 248,000.00 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 United Fidelity Bank FSB 06/29/2027 248,000.00 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 Discover Bank 07/06/2027 248,000.00 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 Capital One Bank NA 07/07/2027 248,000.00 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 Capital One Bank USA 08/03/2027 248,000.00 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 Morgan Stanley Private Bank 08/04/2027 248,000.00 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 Synchrony Bank 08/05/2027 248,000.00 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 American Express National Bank 08/10/2027 205,000.00 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 First National Bank of Michigan 03/15/2028 248,000.00 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 Morgan Stanley Bank 03/16/2028 248,000.00 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 Bank Five Nine 03/20/2028 248,000.00 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 BMO Harris Bank NA 05/16/2028 248,000.00 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 CIBC Bank USA 05/16/2028 248,000.00 247,479.06 247,488.15 3,192.07 0.00 4,078.75 886.68 9.09 895.77 Certificates of Deposit - Sub Total 5,413,000.00 5,658,156.23 5,410,227.74 24,699.05 15,215.65 24,584.57 15,101.17 71.50 15,172.67 Corporate Bonds 89236TFS9 Toyota Motor Credit 01/08/2024 250,000.00 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 JPMorgan Chase & Co 05/13/2024 500,000.00 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 New York Life 01/22/2025 250,000.00 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 3M 02/14/2025 500,000.00 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 Exxon Mobil 03/19/2025 250,000.00 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 MetLife 08/25/2025 500,000.00 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 Apple 02/23/2026 500,000.00 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 Charles Schwab 04/01/2027 250,000.00 249,572.76 249,582.37 3,437.50 0.00 4,125.00 687.50 9.60 697.10 Run Date: 10/6/2023 - 11:32 AM Amortizing 54 LU Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned Corporate Bonds 023135CF1 Amazon 04/13/2027 250,000.00 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764B55 Unilever Capital Corp 09/08/2028 500,000.00 0.00 495,495.27 0.00 -947.92 1,557.29 609.37 20.27 629.64 Corporate Bonds - Sub Total 3,750,000.00 3,240,452.36 3, 736,19 7.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF 9819499 LAIF 10/01/2023 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,787,060.32 9,787,060.32 9,787,060.32 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds FGTXX Goldman Sachs Govt MMF 10/01/2023 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 Money Market Funds - Sub Total 460,295.00 654,748.84 460,295.00 1,488.43 1,488.43 2,454.70 2,454.70 0.00 2,454.70 U.S. Agencies 3130A0XE5 FHLB 03/08/2024 1,640,000.00 1,638,918.90 1,639,086.56 25,613.61 26,650.00 3,405.28 4,441.67 167.66 4,609.33 3133EKTV8 FFCB 07/01/2024 500,000.00 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 FFCB 08/15/2024 1,000,000.00 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 FFCB 10/16/2024 200,000.00 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 FHLB 03/14/2025 500,000.00 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 FNMA 08/12/2025 500,000.00 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 FHLB 08/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 FHLMC 09/23/2025 500,000.00 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 FHLB 12/30/2026 500,000.00 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 FHLB 02/26/2027 500,000.00 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 FHLB 05/19/2027 600,000.00 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 3130AT2L0 FHLB 08/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GYUE0 FHLMC 06/28/2028 1,000,000.00 1,000,000.00 1,000,000.00 10,166.67 0.00 15,166.67 5,000.00 0.00 5,000.00 U.S. Agencies - Sub Total 10,440,000.00 10, 397,875.61 10,398,657.49 54,467.02 33,525.00 48,142.02 27,200.00 781.88 27,981.88 U.S. Treasuries 912797FA0 U.S. Treasury 10/12/2023 870,000.00 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 U.S. Treasury 04/15/2024 500,000.00 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 U.S. Treasury 11/30/2024 1,000,000.00 1,013,312.29 1,012,438.40 3,811.48 0.00 5,040.98 1,229.50 -873.89 355.61 Run Date: 10/6/2023 - 11:32 AM Amortizing 55 LI Income Earned City of Lynwood September 01, 2023 - September 30, 2023 Maturity Ending Par Beginning Ending Book Beginning Int.Received Ending Interest Amortization/ Net Income CUSIP Issuer Date Value Book Value Value Accrued /Purchased Accrued Earned Accretion Earned U.S. Treasuries 912828ZT0 U.S. Treasury 05/31/2025 500,000.00 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 U.S. Treasury 01/31/2026 500,000.00 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 U.S. Treasury 09/30/2026 500,000.00 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 U.S. Treasury 12/31/2027 630,000.00 617,964.08 618,192.17 4,179.31 0.00 6,169.46 1,990.15 228.10 2,218.25 U.S. Treasuries - Sub Total 7,500,000.00 7,480,015.71 7,483,804.58 14, 623.49 0.00 17,549.18 2,925.69 3,788.88 6,714.57 Grand Total 37,350,355.32 37,218,309.07 37,276,242.81 113, 62 6.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM Amortizing 56 LO Realized Gains and Losses City of Lynwood September 01, 2023 - September 30, 2023 CUSIP Issuer Purchase Date Par Value Sale Date Days Held Coupon Rate Maturity Date Term Book Value Maturity/Sales Realized Proceeds Gain/Loss Certificates of Deposit 29278TLY4 EnerBank 09/30/2019 248,000.00 09/27/2023 1,458 248,000.00 248,000.00 0.00 2.000% 09/27/2023 1,458 Total Certificates of Deposit 248,000.00 248,000.00 0.00 Grand Total 248.000.00 248.000.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 57 Transaction Report City of Lynwood September 01, 2023 - September 30, 2023 Transaction Transaction Security Security Maturity Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/05/2023 Interest FGTXX GSGF 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 09/22/2023 Purchase 904764B55 UNANA 4 7/8 09/08/28 09/08/2028 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 -495,475.00 248,000.00 1,488.43 26,650.00 200.10 2,312.85 5,937.50 1,000.49 968.90 6,000.92 695.08 3,740.00 979.43 -947.92 625.10 937.50 1,053.15 421.26 958.37 Grand Total: -495,475.00 248,000.00 53,021.16 0.00 0.00 Run Date: 10/6/2023 - 11:32 AM Amortizing 58 w