1. CALL TO ORDER
2. CERTIFICATION OF AGENDA POSTING BY SECRETARY
3. ROLL CALL OF MEMBERS
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
[email protected] 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
May 16, 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 05/13/23 By MQ
6:00 PM
Oscar Flores, President
Rita Soto, Vice President
Gabriela Camacho, Member
Juan Munoz-Guevara, Member
Jose Luis Solache, Member
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
4. CONSENT CALENDAR
4.1 TREASURER'S QUARTERLY REPORT
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).)
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.
Comments:
The purpose of this item is to have the Honorable Mayor and the Lynwood City Council review the Treasurer's Quarterly Investment Report as required by State Statutes (CT).
Recommendation:
It is recommended that the City of Lynwood receive and file the attached Quarterly Investment Report. The following information provided in this report highlights the investment activity for the 3rd quarter ending March 31, 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 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA.
Lynwood Public Financing Authority 2
AGENDA STAFF REPORT
DATE:
May 16, 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
Agenda Item # 4.1.
Recommendation:
It is recommended that the City of Lynwood receive and file the attached Quarterly Investment Report. The following information provided in this report highlights the investment activity for the 3rd quarter ending March 31, 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 Lynwood Public Financing Authority Lynwood Public Financing Authority 3 investments, and a report providing information on all investment types, costs, interest rates, maturity dates and current market value.
Discussion and Analysis:
The market value of securities fluctuates, depending on how interest rates perform. When interest rates decrease, the market value of the securities in the City’s portfolio will likely increase and when the interest rates increase, the market value of the securities will likely decrease. The City’s practice is to buy and hold investments until maturity so changes in the market price do not affect the City’s investment principal.
Short-term excess cash is primarily invested in the Local Agency Investment Fund (LAIF) administered by the State Treasurer. LAIF is a high-quality investment available in terms of safety, liquidity and yield. The City’s cash and investment portfolio is sufficiently liquid to meet expected expenditures for the coming six months.
The majority of property tax revenues are received from the County in December and April and a portion of the revenue received is invested in the Local Agency Investment Fund and can be withdrawn at any time.
There are three petty cash funds totaling $3,300; City Manager's Office totaling $2,000, Finance Department totaling $1,000.00 and City Treasurer's Office totaling $300.00. There are two change funds totaling $640.00; Water Billing $600.00 and Recreation $40.00.
The total received from Urban Farming for the quarter reporting is $255,970.51.
The total amount of Non-Sufficient Funds (NSF) from customers for the quarter reporting is $8,083.94 of which $2,229.03 has been collected. The remaining balance of Non-Sufficient Funds outstanding for the quarter is $5,854.91.
The market valuation is provided by FTN Main Street Capital Advisors and all of the investments are in compliance with California Government Code Sections 53600 et seq. and the City’s investment policy.
Reports prepared by FTN Main Street Capital Advisors are as follows:
Lynwood Public Financing Authority Lynwood Public Financing Authority 4 Mar. 2023.pdf
FHN SUMMARY PORTFOLIO REPORT - JAN 2023.pdf
FHN SUMMARY PORTFOLIO REPORT - FEB 2023.pdf
FHN SUMMARY REPORT - MARCH 2023.pdf
ECONOMY REPORT - MARCH 2023.docx
Portfolio Summary - Dash Board (January - March 2023)
Portfolio Summary (January - March 2023)
Fiscal Impact:
The action recommended in this report will not have a fiscal impact on the City.
Coordinated With:
FTN Financial Main Street Advisors
ATTACHMENTS:
Description
Lynwood Public Financing Authority Lynwood Public Financing Authority 5 Schedule of City Cash & Investments: This schedule provides information on the cash and investments managed by the City.
Quarterly Interest Credit
Money Market/Custody Holdings Balance Interest F/Y to Date JP Morgan Chase - Section 108 MMA 126,028.81$ 392.39$ 741.74$ JP Morgan Chase - Money Market Account 1,893,320.12$ 5,894.78$ 11,143.09$ JP Morgan Chase - Parking Enforcement 6,242,935.94$ 19,099.38$ 35,455.38$ US Bank - City of Lynwood 4,540.07$ 0.10$ 0.29$ Total 8,266,824.94$ 25,386.65$ 47,340.50$ Demand Deposits
General Account 36,854,065.16$
US Bank - Economic Development 10,696.54$
US Bank - Housing Authority A 73,739.37$
US Bank - Housing Authority B 18,000.09$
US Bank - City HCDA 150,518.11$
US Bank - City Home Program 1,020,153.96$
US Bank - Taxable Tabs 2,611,325.52$
US Bank - Lyn Tr. Center Unf Wrkr 2,791.24$
US Bank - Money Market Account 49,028.48$
US Bank - US Dept. of HUD/Section 108 170,048.96$
US Bank - RORF Successor Agency 6,145,035.85$
US Bank - Low Mod Housing Trst Fnd/Rogel 9,120,110.52$
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 56,577,527.87$
Money Market Fund - A Money Market fund is a type of mutual fund that invest in short term debt securities of agenies of the U.S. Government, banks, corporations and U.S. Treasury Bills.
Some advantages of a money market fund over savings and CDs are high liquidity, low risk, and competive yields.
The City currently has a total of five MMA accounts within the City's investment portfolio.
Certificate of Deposit - A Certificate of Deposit or CD, is a time deposit. They are similar to savings accounts in that they are insured and relatively risk-free. They are different from savings accounts in that they usually are for a fixed term and a fixed interest rae. CDs are inteded to be held until maturity, at which time, the money may be withdrawn together with the accrued interest. The City currently has one CD within the City's investment portfolio
Demand Deposits - Also known as "cash in the bank", this is the balance of the City's checking account with US Bank, from which virtually all obligations are paid.
CITY OF LYNWOOD
QUARTERLY INVESTMENT REPORT
March 31, 2023
6 Quarter Ending Interest
Issuer Investment Balance Interest Rate
State of California LAIF 9,645,805.63 65,011.17 31-Mar-23 2.74% *As of April 14, 2023
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) (chart dollars in millions)
LAIF BALANCE BY TYPE AS OF 3-31-23
Total $26.9 billion
MONEY POOLED INVESTMENT ACCOUNT
(chart dollars in millions)
CITY OF LYNWOOD
QUARTERLY REPORT
March 31, 2023
LAIF Daily Yield 1.60% - Quarter to Date 1.28% - Average Days to Maturity 303 Total $191.2 billion
MONTHLY PORTFOLIO COMPOSITION
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
Agencies Certificate
of Deposits
Time
Deposits
Commercial
Paper
Corporate
Bonds
Loans Treasuries
Chart Title
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
54 COUNTIES 476 CITIES 1,440 SPECIAL
DISTRICTS
193 SCHOOL
DISTRICTS
166 TRUSTEES 56 BONDS
Chart Title
Mar. 2023
7 PAR MARKET BOOK % OF
INVESTMENTS VALUE VALUE VALUE PORTFOLIO
*Money Market Funds 104,499.58$ 104,499.58$ 104,499.58$ 0.28% LAIF 9,645,805.63$ 9,645,805.63$ 9,645,805.63$ 26.24% Corporate Notes 3,500,000.00$ 3,397,937.50$ 3,489,384.58$ 9.49% Commercial Paper 500,000.00$ 492,900.00$ 494,055.93$ 1.34% Federal Agency 10,440,000.00$ 10,102,673.60$ 10,393,831.43$ 28.27% Treasury Coupon Securities 7,000,000.00$ 6,604,285.00$ 6,977,445.77$ 18.98% CD-FDIC 5,661,000.00$ 5,568,989.86$ 5,659,294.41$ 15.39% TOTAL 36,851,305.21$ 35,917,091.17$ 36,764,317.33$ 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) 126,028.81$ N/A 741.74$ JP Morgan Chase - Money Market Account 1,893,320.12$ N/A 5,894.78$ JP Morgan Chase - Parking Enforcement 6,242,935.94$ N/A 19,099.38$ US Bank - City of Lynwood 4,540.07$ N/A 0.10$ TOTAL 8,266,824.94$ 25,736.00$
Corporate Checking Accounts Balance
General Account 36,854,065.16$
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 73,739.37$
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 6,145,035.85$
US Bank - Low Mod Housing Trst Fnd/Rogel 9,120,110.52$
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 56,577,527.87$
CITY OF LYNWOOD
QUARTERLY REPORT
March 31, 2023
PORTFOLIO SUMMARY
Mar. 2023
8 AVERAGE
MARKET PERCENTAGE (%) DAYS TO
DESCRIPTION VALUE PORTFOLIO MATURITY
INVESTMENTS* 35,917,091.17 100% *
MONEY MARKET/CUSTODY HOLDINGS 8,266,824.94
DEMAND DEPOSIT ACCOUNTS 56,577,527.87
TOTAL AVERAGES 64,844,352.81$
TOTAL INVESTMENTS & AVERAGES 100,761,443.98$
Luis Cuellar/Sheila Harding
Luis Cuellar/Sheila Harding I certify that this report accurately reflects all pooled City Treasurer/Deputy City Treasurer investment policy statements adopted by the City Council on August 15, 1995. A copy of this policy is available at the office of the City Clerk. The Investment Program herein shown provides sufficient cash flow liquidy to meet 3 to 6 months estimated expenditures.
*See Report Prepared by Main Street Capital Advisors
CITY OF LYNWOOD
QUARTERLY REPORT
March 31, 2023
MASTER SUMMARY
Mar. 2023
9 JANUARY FEBRUARY MARCH
Market Value $35,581,041 $35,479,007 $35,917,091
Book Value $36,579,546 $36,718,168 $36,764,317
Variance -$998,505 -$1,239,161 -$847,226
Par Value $36,591,950 $36,786,688 $36,851,305
Net Asset Value $97.27 $96.63 $97.70
Book Yield 2.47% 2.56% 2.73%
Market Yield 3.90% 3.88% 4.01%
Years to Maturity 1.62 1.54 1.9
Effective Durantion 1.35 1.39 1.55
JANUARY FEBRUARY MARCH
Total Earnings Per Month 55,991.22 55,101.18 51,801.20
F/Y Earnings to Date $413,953.01 $469,054.18 $527,925.38 Average Daily Balance $36,542,014.41 $36,615,116.82 $36,745,532.92 F/Y Average Daily Balance $34,876,931.12 $35,094,204.33 $35,277,685.29 Book Rate of Return 1.80% 1.96% 1.66%
F/Y Book Rate of Return 2.02% 2.01% 1.99%
JANUARY FEBRUARY MARCH
CD-FDIC 4,517,888.27 4,209,148.04 5,568,989.86
Commercial Paper 982,531.58 491,544.00 492,900.00
Corporate Bonds 3,402,670.00 3,364,930.00 3,397,937.50
LAIF 9,645,805.63 9,645,805.63 9,645,805.63
Money Market Funds 842,144.55 2,779,881.97 104,499.58
U.S. Agencies 10,133,506.00 8,983,282.20 10,102,673.60
U.S. Treasuries 6,056,495.00 6,004,415.00 6,604,285.00
TOTAL 35,581,041.03 35,479,006.84 35,917,091.17
HOLDINGS
PORTFOLIO SUMMARY
AT A GLANCE
ACCOUNT SUMMARY
JANUARY - MARCH 2023
10 2023
Jan - Mar Apr - June July - Sept Oct - Dec
Investments Managed by Main Street $35,917,091.17 $25,569,355.97 35,146,409.65 $35,344,239.13 Cash & Investments $64,844,352.81 $69,247,916.93 58,147,368.65 $56,840,163.35 Per Treasurer's Reports 100,761,443.98 $94,817,272.90 93,293,778.30 $92,184,402.48 Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account* 33,338,891.35 10,944,822.36$ 4,734,083.04$ 39,549,630.67$ *Local Agency Investment Fund 9,595,678.13$ 50,127.50 -$ 9,645,805.63$ US Bank - RORF - Successor Agency 3,352,215.35$ 2,314,938.00$ 1,223.50$ 5,665,929.85$ US Bank - Low Mod Housing Trust 7,632,058.42$ -$ 2,698.95$ 7,629,359.47$ TOTAL REVENUE & EXPENDITURE 13,309,887.86$ 4,738,005.49$ Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account* 39,549,630.67$ 5,098,094.26$ 4,682,236.31$ 39,965,488.62$ *Local Agency Investment Fund 9,645,805.63$ -$ -$ 9,645,805.63$ US Bank - RORF - Successor Agency 5,665,929.85$ 103,484.00$ 5,562,445.85$ US Bank - Low Mod Housing Trust 7,629,359.47$ 950.00$ 7,628,409.47$ TOTAL REVENUE & EXPENDITURE 5,098,094.26$ 4,786,670.31$ Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account 39,965,488.62$ 4,476,812.04$ 7,588,235.50$ 36,854,065.16$ *Local Agency Investment Fund 9,645,805.63$ -$ 9,645,805.63$ US Bank - RORF - Successor Agency 5,562,445.85$ 2,082,845.00$ 1,500,255.00$ 6,145,035.85$ US Bank - Low Mod Housing Trust 7,628,409.47$ 1,500,000.00$ 8,298.95 9,120,110.52$ TOTAL REVENUE & EXPENDITURE 8,059,657.04$ 9,096,789.45 QUARTERLY TOTAL OF DEBITS/CREDITS 26,467,639.16$ 18,621,465.25$ *Most Active Accounts
*Funds transferred from LAIF account to the general account to cover expenditures 2022
Jan-23
Feb-23
Mar-23
CITY OF LYNWOOD
QUARTERLY REPORT
March 31, 2023
MONTHLY BALANCES PER STATEMENT
DEMAND DEPOSIT ACCOUNTS - MOST ACTIVE
BALANCES PER QUARTER
11 Run Date: 2/6/2023 - 11:35 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 1/31/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 1/31/23 12/31/22 Issuer % Portfolio
Market Value $35,581,041 $35,344,239 LAIF 26.4%
Book Value $36,579,546 $36,481,176 FHLB 19.8%
Variance -$998,505 -$1,136,936 U.S. Treasury 17.8%
FFCB 4.6%
Par Value $36,591,950 $36,500,250 FHLMC 2.7%
Goldman Sachs Govt MMF 2.3%
Net Asset Value $97.27 $96.88 JPMorgan 1.4%
FNMA 1.4%
Book Yield 2.47% 2.38% MetLife 1.4%
Apple 1.4%
Market Yield 3.90% 3.95% Procter & Gamble 1.3%
Royal Bank of Canada 1.3%
Years to Maturity 1.62 1.69 3M 1.3%
Exxon Mobil 0.7%
Effective Duration 1.35 1.45 Toyota 0.7%
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
0.60%
1.10%
1.60%
2.10%
2.60%
2.3%
2.7%
9.5%
12.8%
17.8%
26.4%
28.6%
MMF
CP
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
42.9%
16.7% 18.4%
10.9% 11.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
39.1%
0.7%
4.7%
1.4%
0.7%
48.0%
5.4%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 12
Run Date: 2/6/2023 - 11:35 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 1/31/2023
Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 6,499,010.15 17.77% 100% Yes
US Federal Agencies 10,452,306.78 28.57% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,645,805.63 26.37% 75,000,000 Yes
Commercial Paper 983,587.50 2.69% 25% Yes
Money Market Funds 842,144.55 2.30% 20% Yes
Negotiable Certificates of Deposit 4,667,702.60 12.76% 30% Yes Corporate Obligations 3,488,988.40 9.54% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 36,579,545.60 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.62 Less than 3.0 Years Yes
Liquidity 42.95% 30% Under 365 Days Yes
Ratings Yes
3 13
Portfolio Summary
City of Lynwood January 31, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 4,669,000.00 4,667,702.60 12.76 2.70 966 4,517,888.27 Commercial Paper 995,000.00 983,587.50 2.69 4.59 90 982,531.58 Corporate Bonds 3,500,000.00 3,488,988.40 9.54 3.22 828 3,402,670.00 LAIF 9,645,805.63 9,645,805.63 26.37 2.41 1 9,645,805.63 Money Market Funds 842,144.55 842,144.55 2.30 4.22 1 842,144.55 U.S. Agencies 10,440,000.00 10,452,306.78 28.57 3.02 866 10,133,506.00 U.S. Treasuries 6,500,000.00 6,499,010.15 17.77 0.56 782 6,056,495.00 36,579,545.60 100.00 591 35,581,041.02 2.47 36,591,950.18 Investments
January 31 Month Ending Fiscal Year To DateTotal Earnings Current Year 55,991.22 413,953.01
Average Daily Balance 36,542,014.41 34,876,931.12
Book Rate of Return 1.80% 2.02%
Run Date: 2/6/2023 - 11:35 AM
Amortizing
15 14
Run Date: 3/6/2023 - 11:33 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 2/28/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 2/28/23 1/31/23 Issuer % Portfolio
Market Value $35,479,007 $35,581,041 LAIF 26.3%
Book Value $36,718,168 $36,579,546 FHLB 18.2%
Variance -$1,239,161 -$998,505 U.S. Treasury 17.7%
Goldman Sachs Govt MMF 7.6%
Par Value $36,786,688 $36,591,950 FFCB 4.6%
JPMorgan 1.4%
Net Asset Value $96.63 $97.27 FNMA 1.4%
MetLife 1.4%
Book Yield 2.56% 2.47% FHLMC 1.4%
Apple 1.4%
Market Yield 3.88% 3.90% Royal Bank of Canada 1.3%
3M 1.3%
Years to Maturity 1.54 1.62 Exxon Mobil 0.7%
Toyota 0.7%
Effective Duration 1.39 1.35 US Bancorp 0.7%
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
0.60%
1.10%
1.60%
2.10%
2.60%
3.10%
1.3%
7.6%
9.5%
12.0%
17.7%
25.6%
26.3%
CP
MMF
CORP
CD
TSY
AGY
LAIF
100%75%50%25%0%
44.0%
17.3% 19.8%
9.3% 9.6%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
38.3%
0.7%
4.7%
1.4%
0.7%
52.9%
1.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 15
Run Date: 3/6/2023 - 11:33 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 2/28/2023
Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 6,498,680.73 17.70% 100% Yes
US Federal Agencies 9,392,941.71 25.58% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,645,805.63 26.27% 75,000,000 Yes
Commercial Paper 491,923.82 1.34% 25% Yes
Money Market Funds 2,779,881.97 7.57% 20% Yes
Negotiable Certificates of Deposit 4,419,769.18 12.04% 30% Yes Corporate Obligations 3,489,164.65 9.50% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 36,718,167.70 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.54 Less than 3.0 Years Yes
Liquidity 44.01% 30% Under 365 Days Yes
Ratings Yes
3 16
Portfolio Summary
City of Lynwood February 28, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 4,421,000.00 4,419,769.18 12.04 2.66 991 4,209,148.04 Commercial Paper 500,000.00 491,923.82 1.34 4.76 125 491,544.00 Corporate Bonds 3,500,000.00 3,489,164.65 9.50 3.22 800 3,364,930.00 LAIF 9,645,805.63 9,645,805.63 26.27 2.61 1 9,645,805.63 Money Market Funds 2,779,881.97 2,779,881.97 7.57 4.47 1 2,779,881.97 U.S. Agencies 9,440,000.00 9,392,941.71 25.58 2.91 909 8,983,282.20 U.S. Treasuries 6,500,000.00 6,498,680.73 17.70 0.56 754 6,004,415.00 36,718,167.70 100.00 563 35,479,006.84 2.56 36,786,687.60 Investments
February 28 Month Ending Fiscal Year To DateTotal Earnings Current Year 55,101.18 469,054.18
Average Daily Balance 36,615,116.82 35,094,204.33
Book Rate of Return 1.96% 2.01%
Run Date: 3/6/2023 - 11:33 AM
Amortizing
15 17
Run Date: 4/6/2023 - 12:31 PM
Amortizing Page 2
Portfolio Summary
City of Lynwood 3/31/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 3/31/23 2/28/23 Issuer % Portfolio
Market Value $35,917,091 $35,479,007 LAIF 26.2%
Book Value $36,764,317 $36,718,168 FHLB 20.9%
Variance -$847,226 -$1,239,161 U.S. Treasury 19.0%
FFCB 4.6%
Par Value $36,851,305 $36,786,688 JPMorgan 1.4%
FNMA 1.4%
Net Asset Value $97.70 $96.63 MetLife 1.4%
FHLMC 1.4%
Book Yield 2.73% 2.56% Apple 1.4%
Royal Bank of Canada 1.3%
Market Yield 4.01% 3.89% 3M 1.3%
Exxon Mobil 0.7%
Years to Maturity 1.90 1.54 Toyota 0.7%
US Bancorp 0.7%
Effective Duration 1.55 1.39 New York Life 0.7%
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
0.60%
1.10%
1.60%
2.10%
2.60%
3.10%
0.3%
1.3%
9.5%
15.4%
19.0%
26.2%
28.3%
MMF
CP
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
39.8%
14.9% 17.6%
10.7%
17.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
41.6%
0.7%
4.7%
1.4%
0.7%
49.6%
1.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 18
Run Date: 4/6/2023 - 12:31 PM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 3/31/2023
Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 6,977,445.77 18.98% 100% Yes
US Federal Agencies 10,393,831.43 28.27% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,645,805.63 26.24% $75,000,000 Yes
Commercial Paper 494,055.93 1.34% 25% Yes
Money Market Funds 104,499.58 0.28% 20% Yes
Negotiable Certificates of Deposit 5,659,294.41 15.39% 30% Yes Corporate Obligations 3,489,384.58 9.49% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 36,764,317.34 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.90 Less than 3.0 Years Yes
Liquidity 39.77% 30% Under 365 Days Yes
Ratings Yes
3 19
Run Date: 4/6/2023 - 12:31 PM
Amortizing Page 10
Top 40 Issuer Allocations
City of Lynwood 3/31/2023
0.6%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
0.7%
1.3%
1.3%
1.4%
1.4%
1.4%
1.4%
1.4%
4.6%
19.0%
20.9%
26.2%
American Express National Bank
Morgan Stanley Bank
Citigroup
Wells Fargo
Goldman Sachs Bank
EnerBank
Comenity Capital Bank
CFBank
Capital One Bank USA
Capital One Bank NA
BMW Bank
Bank Five Nine
Ally Bank
EagleBank
Discover Bank
First National Bank of Michigan
First National Bank
First Missouri State Bank
Morgan Stanley Private Bank
Synchrony Bank
State Bank of India
UBS Bank USA
Toyota Financial Savings Bank
Amazon
Charles Schwab
New York Life
US Bancorp
Toyota
Exxon Mobil
3M
Royal Bank of Canada
Apple
FHLMC
MetLife
FNMA
JPMorgan
FFCB
U.S. Treasury
FHLB
LAIF
30%25%20%15%10%5%0%
10 20
Run Date: 4/6/2023 - 12:31 PM
Amortizing Page 11
Historical Earnings & Book Return Performance
City of Lynwood 3/31/2023
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2021 $35.200 $66.215 $94.922 $120.389 $147.318 $173.870 $199.724 $223.094 $247.869 $271.162 $294.542 $316.873 FY 2022 $18.153 $37.347 $56.010 $82.204 $100.760 $118.668 $142.482 $159.901 $178.121 $203.773 $222.371 $242.161 FY 2023 $22.510 $61.308 $112.501 $198.598 $252.119 $307.834 $413.953 $476.124 $527.925 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 0.97% 1.17% 1.36% 1.75% 1.76% 1.76% 2.02% 2.04% 1.99% Fiscal Year-To-Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$0
$100
$200
$300
$400
$500
$600
Thousands
FY 2021
FY 2022
FY 2023
Fiscal Year-To-Date Book Return
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
0.00%
0.25%
0.50%
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
11 21
Portfolio Summary
City of Lynwood March 31, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,661,000.00 5,659,294.41 15.39 3.12 1,099 5,568,989.86 Commercial Paper 500,000.00 494,055.93 1.34 4.76 94 492,900.00 Corporate Bonds 3,500,000.00 3,489,384.58 9.49 3.22 769 3,397,937.50 LAIF 9,645,805.63 9,645,805.63 26.24 2.83 1 9,645,805.63 Money Market Funds 104,499.58 104,499.58 0.28 4.72 1 104,499.58 U.S. Agencies 10,440,000.00 10,393,831.43 28.27 3.21 969 10,102,673.60 U.S. Treasuries 7,000,000.00 6,977,445.77 18.98 1.12 918 6,604,285.00 36,764,317.34 100.00 692 35,917,091.17 2.73 36,851,305.21 Investments
March 31 Month Ending Fiscal Year To DateTotal Earnings Current Year 51,801.20 527,925.38
Average Daily Balance 36,745,532.92 35,277,685.29
Book Rate of Return 1.66% 1.99%
Run Date: 4/6/2023 - 12:31 PM
Amortizing
15 22
Summary by Issuer
City of Lynwood March 31, 2023
Issuer Investments
Number of Par
Value
Book
Value
% of
Portfolio YTM Maturity
Days toBook
LAIF 1 9,645,805.63 9,645,805.63 26.24 2.83 1
FHLB 8 7,740,000.00 7,696,785.82 20.94 3.67 1,084 U.S. Treasury 9 7,000,000.00 6,977,445.77 18.98 1.12 918 FFCB 3 1,700,000.00 1,698,300.85 4.62 2.75 497
JPMorgan 1 500,000.00 503,375.68 1.37 2.97 409
FNMA 1 500,000.00 500,000.00 1.36 0.50 865
MetLife 1 500,000.00 499,504.00 1.36 4.09 878
FHLMC 1 500,000.00 498,744.76 1.36 0.48 907
Apple 1 500,000.00 496,757.21 1.35 3.49 1,060
Royal Bank of Canada 1 500,000.00 494,055.93 1.34 4.76 94 3M 1 500,000.00 481,974.04 1.31 4.04 686
Exxon Mobil 1 250,000.00 259,436.89 0.71 0.99 719 Toyota 1 250,000.00 250,563.15 0.68 3.03 283
US Bancorp 1 250,000.00 250,236.10 0.68 3.08 115
New York Life 1 250,000.00 249,675.40 0.68 2.08 663 Charles Schwab 1 250,000.00 249,523.09 0.68 3.35 1,462 Amazon 1 250,000.00 248,339.03 0.68 3.48 1,474
Ally Bank 1 248,000.00 248,000.00 0.67 3.35 1,194 Bank Five Nine 1 248,000.00 248,000.00 0.67 4.65 1,816 BMW Bank 1 248,000.00 248,000.00 0.67 0.50 909
Capital One Bank NA 1 248,000.00 248,000.00 0.67 3.45 1,559 Capital One Bank USA 1 248,000.00 248,000.00 0.67 3.55 1,586 CFBank 1 248,000.00 248,000.00 0.67 4.75 1,264
Discover Bank 1 248,000.00 248,000.00 0.67 3.40 1,558 EagleBank 1 248,000.00 248,000.00 0.67 3.30 871
First Missouri State Bank 1 248,000.00 248,000.00 0.67 1.85 532 First National Bank 1 248,000.00 248,000.00 0.67 5.00 1,272 First National Bank of Michigan 1 248,000.00 248,000.00 0.67 4.60 1,811 Morgan Stanley Private Bank 1 248,000.00 248,000.00 0.67 3.50 1,587 State Bank of India 1 248,000.00 248,000.00 0.67 1.00 1,123 Synchrony Bank 1 248,000.00 248,000.00 0.67 3.50 1,588 Toyota Financial Savings Bank 1 248,000.00 248,000.00 0.67 0.95 1,202 UBS Bank USA 1 248,000.00 248,000.00 0.67 0.95 1,229 Comenity Capital Bank 1 248,000.00 247,971.76 0.67 3.40 90 Goldman Sachs Bank 1 248,000.00 247,969.78 0.67 3.35 97 EnerBank 1 248,000.00 247,941.21 0.67 2.05 180
Run Date: 4/6/2023 - 12:32 PM
Amortizing
23 23
Summary by Issuer
City of Lynwood March 31, 2023
Issuer Investments
Number of Par
Value
Book
Value
% of
Portfolio YTM Maturity
Days toBook
Wells Fargo 1 248,000.00 247,952.49 0.67 3.35 152 Citigroup 1 248,000.00 247,895.47 0.67 3.05 333
Morgan Stanley Bank 1 248,000.00 247,458.88 0.67 4.85 1,812 American Express National Bank 1 205,000.00 204,104.81 0.56 3.56 1,593 Goldman Sachs Govt MMF 1 104,499.58 104,499.58 0.28 4.72 1 Total and Average 58 36,851,305.21 36,764,317.34 692 100.00% 2.73 Run Date: 4/6/2023 - 12:32 PM
Amortizing
24 24
Income Earned Summary
City of Lynwood March 31, 2023
Fiscal Year To DateMarch 31 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
42,782.95 459,480.28
102,507.71 102,507.71
-96,856.15 -74,680.06
48,434.51 487,307.93
3,366.69 40,617.45
0.00 0.00
51,801.20
527,925.38
Run Date: 4/6/2023 - 12:32 PM
Amortizing
25 25
Income Earned
City of Lynwood March 01, 2023 - March 31, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Certificates of Deposit
20033AZK5 06/29/2023 248,000.00Comenity Capital Bank 247,962.04 247,971.76 22.42 650.24 67.27 695.09 9.73 704.82 38148PR33 07/06/2023 248,000.00Goldman Sachs Bank 247,960.12 247,969.78 1,210.78 0.00 1,905.86 695.08 9.66 704.74 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,942.80 247,952.49 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 09/27/2023 248,000.00EnerBank 247,931.09 247,941.21 27.18 380.49 67.95 421.26 10.12 431.38 17312Q3B3 02/27/2024 248,000.00Citibank 247,885.74 247,895.47 40.77 0.00 672.66 631.89 9.73 641.62 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,124.31 2,275.15 238.83 389.67 0.00 389.67 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 246.64 627.81 313.91 695.08 0.00 695.08 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 533.37 614.90 23.78 105.31 0.00 105.31 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 849.32 0.00 1,059.95 210.63 0.00 210.63 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,206.37 0.00 1,911.98 705.61 0.00 705.61 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 290.47 0.00 490.56 200.09 0.00 200.09 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 116.19 180.73 135.55 200.09 0.00 200.09 15721UFP9 09/15/2026 248,000.00CFBank 0.00 248,000.00 0.00 0.00 548.66 548.66 0.00 548.66 32117BFR4 09/23/2026 248,000.00First National Bank 0.00 248,000.00 0.00 0.00 305.75 305.75 0.00 305.75 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,247.47 0.00 1,963.62 716.15 0.00 716.15 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,242.38 0.00 1,969.05 726.67 0.00 726.67 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 627.13 0.00 1,374.87 747.74 0.00 747.74 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 594.52 0.00 1,331.73 737.21 0.00 737.21 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 570.74 0.00 1,307.95 737.21 0.00 737.21 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,087.39 204,104.81 368.16 0.00 968.84 600.68 17.42 618.10 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 0.00 248,000.00 0.00 0.00 531.33 531.33 0.00 531.33 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 0.00 247,458.88 0.00 0.00 521.82 521.82 4.48 526.30 062119BK7 03/20/2028 248,000.00Bank Five Nine 0.00 248,000.00 0.00 0.00 379.13 379.13 0.00 379.13 Certificates of Deposit - Sub Total 5,661,000.00 4,419,769.18 5,659,294.41 11,340.64 5,401.98 18,135.89 12,197.23 70.83 12,268.06 Commercial Paper
78015DU32 07/03/2023 500,000.00Royal Bank of Canada, NY 491,923.82 494,055.93 0.00 0.00 0.00 0.00 2,132.11 2,132.11 Commercial Paper - Sub Total
500,000.00 491,923.82 494,055.93 0.00 0.00 0.00 0.00 2,132.11 2,132.11 Corporate Bonds
90331HNV1 07/24/2023 250,000.00US Bank 250,305.05 250,236.10 873.61 0.00 1,581.94 708.33 -68.95 639.38 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 250,627.97 250,563.15 1,232.99 0.00 1,930.90 697.91 -64.82 633.09 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 503,652.79 503,375.68 5,437.50 0.00 6,947.92 1,510.42 -277.11 1,233.31 64952WDL4 01/22/2025 250,000.00New York Life 249,658.95 249,675.40 541.67 0.00 958.33 416.66 16.45 433.11 Run Date: 4/6/2023 - 12:32 PM
Amortizing
26 26
Income Earned
City of Lynwood March 01, 2023 - March 31, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Corporate Bonds
88579YBH3 02/14/2025 500,000.003M 481,090.15 481,974.04 472.22 0.00 1,305.56 833.34 883.89 1,717.23 30231GBH4 03/19/2025 250,000.00Exxon Mobil 259,876.74 259,436.89 3,366.00 3,740.00 249.33 623.33 -439.86 183.47 59217GFC8 08/25/2025 500,000.00MetLife 499,485.06 499,504.00 337.50 0.00 2,025.00 1,687.50 18.94 1,706.44 037833BY5 02/23/2026 500,000.00Apple 496,654.51 496,757.21 361.11 0.00 1,715.28 1,354.17 102.70 1,456.87 808513BW4 04/01/2027 250,000.00Charles Schwab 249,512.16 249,523.09 3,437.50 0.00 4,125.00 687.50 10.93 698.43 023135CF1 04/13/2027 250,000.00Amazon 248,301.28 248,339.03 3,162.50 0.00 3,850.00 687.50 37.75 725.25 Corporate Bonds - Sub Total 3,500,000.00 3,489,164.65 3,489,384.58 19,222.60 3,740.00 24,689.26 9,206.66 219.93 9,426.59 LAIF
9819499 04/01/2023 9,645,805.63LAIF 9,645,805.63 9,645,805.63 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total
9,645,805.63 9,645,805.63 9,645,805.63 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds
FGTXX 04/01/2023 104,499.58Goldman Sachs Govt MMF 2,779,881.97 104,499.58 3,315.21 3,315.21 5,492.70 5,492.70 0.00 5,492.70 Money Market Funds - Sub Total
104,499.58 2,779,881.97 104,499.58 3,315.21 3,315.21 5,492.70 5,492.70 0.00 5,492.70 U.S. Agencies
3130A0XE5 03/08/2024 1,640,000.00FHLB 1,637,860.92 1,638,051.70 25,613.61 26,650.00 3,405.28 4,441.67 190.78 4,632.45 3133EKTV8 07/01/2024 500,000.00FFCB 499,973.15 499,974.99 1,583.33 0.00 2,375.00 791.67 1.83 793.50 3133ENG20 08/15/2024 1,000,000.00FFCB 998,750.49 998,828.73 1,466.67 0.00 4,216.67 2,750.00 78.24 2,828.24 3133EK3B0 10/16/2024 200,000.00FFCB 199,467.24 199,497.14 1,125.00 0.00 1,375.00 250.00 29.90 279.90 3130A4CH3 03/14/2025 500,000.00FHLB 519,047.51 518,193.48 5,508.68 5,937.50 560.76 989.58 -854.03 135.55 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 09/23/2025 500,000.00FHLMC 498,698.32 498,744.76 822.92 937.50 41.67 156.25 46.44 202.69 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 02/26/2027 500,000.00FHLB 439,144.08 440,540.63 62.50 0.00 437.50 375.00 1,396.55 1,771.55 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 5,100.00 0.00 6,600.00 1,500.00 0.00 1,500.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 1,000,000.00 1,000,000.00 675.00 0.00 4,050.00 3,375.00 0.00 3,375.00 3134GY3G5 11/24/2027 0.00FHLMC 0.00 0.00 7,659.17 0.00 0.00 -7,659.17 0.00 -7,659.17 3130AV6P2 03/27/2028 1,000,000.00FHLB 0.00 1,000,000.00 0.00 0.00 672.22 672.22 0.00 672.22 U.S. Agencies - Sub Total
10,440,000.00 9,392,941.71 10,393,831.43 51,534.52 33,525.00 33,097.57 15,088.05 889.72 15,977.77 Run Date: 4/6/2023 - 12:32 PM
Amortizing
27 27
Income Earned
City of Lynwood March 01, 2023 - March 31, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
U.S. Treasuries
912828ZD5 03/15/2023 0.00U.S. Treasury 500,075.84 0.00 1,153.31 1,250.00 0.00 96.69 -75.84 20.85 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,988.00 999,989.43 732.04 0.00 946.13 214.09 1.43 215.52 91282CBV2 04/15/2024 500,000.00U.S. Treasury 498,261.87 498,392.65 705.70 0.00 865.38 159.68 130.78 290.46 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,018,672.16 1,017,769.14 3,750.00 0.00 5,027.47 1,277.47 -903.02 374.45 912828ZT0 05/31/2025 500,000.00U.S. Treasury 495,139.57 495,322.65 312.50 0.00 418.96 106.46 183.08 289.54 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 993,360.01 993,564.63 937.50 0.00 1,256.87 319.37 204.61 523.98 91282CBH3 01/31/2026 500,000.00U.S. Treasury 496,699.10 496,794.91 150.21 0.00 310.77 160.56 95.81 256.37 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,595.70 1,001,554.06 1,875.00 0.00 2,513.74 638.74 -41.64 597.10 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 494,888.48 495,009.44 1,826.92 2,187.50 11.95 372.53 120.96 493.49 91282CGC9 12/31/2027 1,000,000.00U.S. Treasury 0.00 979,048.86 0.00 -6,636.74 9,741.02 3,104.28 337.92 3,442.20 U.S. Treasuries - Sub Total 7,000,000.00 6,498,680.73 6,977,445.77 11,443.18 -3,199.24 21,092.29 6,449.87 54.10 6,503.97 36,851,305.21Grand Total 36,718,167.70 36,764,317.34 96,856.15 42,782.95 102,507.71 48,434.51 3,366.69 51,801.20 Run Date: 4/6/2023 - 12:32 PM
Amortizing
28 28
Realized Gains and Losses
City of Lynwood March 01, 2023 - March 31, 2023
Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer U.S. Treasuries
912828ZD5 500,000.0012/16/2020 03/15/2023 819 500,000.00 0.00 500,000.00 03/15/2023 819U.S. Treasury 0.500%
Total U.S. Treasuries 0.00 500,000.00 500,000.00
Grand Total 0.00 500,000.00 500,000.00
Run Date: 4/6/2023 - 12:32 PM
Amortizing
29 29
Transaction Report
City of Lynwood March 01, 2023 - March 31, 2023
Transaction Transaction Security Security Maturity
Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 03/02/2023 Interest FGTXX GSGF - - 3,315.21 - - 03/03/2023 Purchase 91282CGC9 T 3 7/8 12/31/27 12/31/2027 -978,710.94 - -6,636.74 - - 03/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 - - 26,650.00 - - 03/13/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 180.73 - - 03/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,275.15 - - 03/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 03/15/2023 Interest 912828ZD5 T 0 1/2 03/15/23 03/15/2023 - - 1,250.00 - - 03/15/2023 Maturity 912828ZD5 T 0 1/2 03/15/23 03/15/2023 - 500,000.00 - - - 03/15/2023 Purchase 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 -248,000.00 - - - - 03/15/2023 Purchase 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 -248,000.00 - - - - 03/16/2023 Purchase 61690U3C2 MS 4.8 03/16/28 03/16/2028 -247,454.40 - - - - 03/20/2023 Purchase 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 -248,000.00 - - - - 03/20/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 - - 627.81 - - 03/20/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 03/23/2023 Purchase 32117BFR4 FNLC 5 09/23/26 09/23/2026 -248,000.00 - - - - 03/23/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 03/27/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 614.90 - - 03/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 380.49 - - 03/27/2023 Purchase 3130AV6P2 FHLB 6.05 03/27/28 03/27/2028 -1,000,000.00 - - - - 03/29/2023 Interest 20033AZK5 ADS 3.3 06/29/23 06/29/2023 - - 650.24 - - 03/30/2023 Interest 949763TF3 WFC 3.3 08/30/23 08/30/2023 - - 672.66 - - 03/31/2023 Interest 91282CCZ2 T 0 7/8 09/30/26 09/30/2026 - - 2,187.50 - - Grand Total: -3,218,165.34 500,000.00 42,782.95 0.00 0.00 Run Date: 4/6/2023 - 12:32 PM
Amortizing
30 30
ECONOMY REPORT MARCH 2023
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold.
KEY POINTS
The consumer price index rose 0.1% in March and 5% from a year ago, below estimates. Excluding food and energy, the core CPI accelerated 0.4% and 5.6%, both as expected. Energy costs fell and food prices were flat. Used vehicle prices also declined. A 0.6% increase in shelter costs was the smallest gain since November, but still resulted in prices rising 8.2% on an annual basis.
Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact.
The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year ago versus the estimate of 5.1%.
Excluding food and energy, the core CPI increased 0.4% and 5.6% on an annual basis, both as expected.
The data showed that while inflation is still well above where the Fed feels comfortable, it is at least showing continuing signs of decelerating. Policymakers target inflation around 2% as a healthy and sustainable growth level. The headline annual increase for the CPI was the smallest since June 2021.
A 3.5% drop in energy costs and an unchanged food index helped keep headline inflation in check.
Food at home fell 0.3%, the first drop since September 2020, though it is still up 8.4% from a year ago. Egg prices, which had been soaring, tumbled 10.9% for the month, putting the 12-month increase at 36%.
A 0.6% increase in shelter costs was the smallest gain since November, but still resulted in prices rising 8.2% on an annual basis. Shelter makes up about one-third of the weighting in the CPI and is being watched closely by Fed officials.
Stock market futures rose sharply while Treasury yields fell following the report. Markets were still pricing in a 65% chance of a final 0.25 percentage point interest rate increase at the Fed’s May meeting, though that was slightly lower than Tuesday. 31 Excluding shelter, the CPI rose 3.4% from a year ago, according to Jeffrey Roach, chief U.S. economist at LPL Financial.
“As the economy slows, consumer prices will decelerate further and should bring inflation closer to the Fed’s long-run target of 2%,” Roach said. “Markets will likely react favorably to this report as investors gain more confidence that the next Fed meeting may be the last meeting when the Committee raises the fed funds target rate.”
Used vehicle prices, a major contributor to the initial inflation surge in 2021, declined another
0.9% in March and are now down 11.2% year over year. Medical care services costs also fell 0.5% for the month.
Over the past year or so, the Fed has raised its benchmark interest rate nine times for a total of
4.75 percentage points, the fastest pace of tightening since the early 1980s. Officials initially dismissed inflation as transitory, expecting it to fall as Covid pandemic related factors dissipated, but were forced to play catch-up as price increases proved more durable.
One key area the central bank has targeted is the labor market. A shortage of workers had helped push up wages and prices, a situation that has eased somewhat in recent months. 32