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 indemni fy 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 employee s 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.
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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 w ritten 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.
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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 r ate of forty dollars ($40.00) per full month of employment during th e previous twelve (12) month period. If the 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 c ode 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 suppor ting the request. Said information must be logged on a Mileage Claim Form when requesting payment.
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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 equ ivalent 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. Educ ation 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 w ho 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, 477
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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.
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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 CalPERS 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 verifia ble 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 pr e-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 479
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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 CalPERS 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 1
st 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.
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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 compen sation 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 employ ee 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:
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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. 482
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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 th e aforesaid f our (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 f our (4) floating holidays on J uly 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 b e 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 employee s 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; 483
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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 appoint ed 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 484
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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 posit ion 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 Departmen t 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 retroactiv e 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. CalPERS 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 ("CalPERS") to be "classic members" as defined by CalPERS, the City will continue to provide employees a pension through the CalPERS system commonly known as the "3% @60" formula. For new employees that are non-classic members, the City will provide a pension through CalPERS 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 CalPERS member contribution under the 3% @ 60 formula, unless directed 485
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to pay a higher percentage by law or a mandate directly from CalPERS.
New, non-classic members shall pay 100% of any CalPERS 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 s hall 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 CalPERS as to t he feasibility of implementing the 2.7%@55 formula for any “classic” CalPERS members hired into City service on or after July 1, 2023. If CalPERS determines that this is permissible, then the City shall amend its contract with CalPERS as soon as practicable to implement the change. Once implemented, “classic” CalPERS members hired into City service on or after July 1, 2023 shall be responsible for paying 100% of the member contribution.
Should CalPERS 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” CalPERS members shall remain 3%@60.
Any written determinations from CalPERS 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 1 st 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.
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ARTICLE 21
LEAVE BENEFIT ACCRUAL RATES, CASHOUT & CARRYOVER OF LEAVE HOURS
Section 1. Leave Accrual Rates
Vacation:
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 1 st;
pro-rated for new hires and temporary employees; any remaining balance through the end of June 30 th 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 1 st; pro-rated for new hires and temporary employees; any remaining balance through the end of June 30 th or upon separation from the City shall be unpaid. Refer to Sections 2 and 3 of this Article for Carryover and Cashout restrictions.
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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 30 th 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 1
st; pro-rated for new hires and temporary employees; any remaining balance through the end of June 30 th 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 30 th 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 30 th 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 31 st 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 488
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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 2 nd pay period of the mon th 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 aff iliation. 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:
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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 490
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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 vacatio n 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 e mployees 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.
II. 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 bio logical, foster, or adoptive parent of an employee or an individual 491
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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 conditi on, 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. Ill.
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;
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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 capab le 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 le aves, 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.
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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 emp loyee'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.).
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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 495
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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 thi s 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 re quired. In addition, if an employee knows that he/she will need leave in the future, but does not know the exact date(s) 496
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(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 su ch 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. If the 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 enac ted by the City Council and by directives of the City Manager 497
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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 ag reed 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 p olicy. 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 w ith 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 impo sition 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 pre senting 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 498
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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 (1Oth) 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 allegatio ns 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, o r, 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 499
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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 500
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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 501
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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 Ma nagement 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 co ndition 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 502
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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 affect ed 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 i s qualified for such appointment(s) the "bump" shall be based on seniority with the employee 503
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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 emplo yee shall be reinstated in the position held at the time leave was granted. Failure on the part of an employee on leave to 504
- 39 -
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, 20 23 through June 30, 202 7, effective upon adoption by City Council.
505
- 40 -
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
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 LE MG 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 LE MG 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 LE MG 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 LE MG 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 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
Agenda Item # 10.14.
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
Reso Updating Salary Schedule for Both LEMG and LEA After Negotiations.pdf 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
City Council City Council Regular Meeting 511
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 eac h 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 t he 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
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
E Councilmember 975.00
E City Clerk 1,000.00
E City Treasurer 1,000.00
CITY MANAGEMENT: At-Will Contract Employees
JOB TITLE STEP A B C D E
Ex/AW City Manager* DOQ
Ex/AW Assistant City Manager DOQ
DEPARTMENT DIRECTOR: Executive Management At-Will Employees (Under Reso No. 2021.105)
JOB TITLE STEP A B 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 Ex/AW Director of Finance Annual Salary 152,750.57 160,388.10 168,407.51 176,827.90 185,669.29 Monthly Salary 12,729.21 13,365.68 14,033.96 14,735.66 15,472.44 Ex/AW Director of HR & Risk Management Annual Salary 152,750.57 160,388.10 168,407.51 176,827.90 185,669.29 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 163,354.44 171,522.18 180,098.29 189,103.21 198,558.38 Monthly Salary 13,612.87 14,293.52 15,008.19 15,758.61 16,546.53 Ex/AW Director of Recreation & Community Services Annual Salary 152,750.57 160,388.10 168,407.51 176,827.90 185,669.29 Monthly Salary 12,729.21 13,365.68 14,033.96 14,735.66 15,472.44 Ex/AW Director of Technology Services Annual Salary 146,324.07 153,640.28 161,322.30 169,388.42 177,857.85 Monthly Salary 12,193.67 12,803.35 13,443.52 14,115.71 14,821.49 Exhibit A
515
DEPARTMENT DIRECTORS: Executive Management At-Will Contract Employees (Pre-Date Reso No. 2021.105)
JOB TITLE STEP A B C D E
Ex/AW Director of Recreation & Community Services* DOQ
Ex/AW Director of Technology Services* DOQ
MANAGEMENT CIVIL SERVICE EMPLOYEES
UNIT JOB TITLE BAND STEP A B C D E
M. Accounting/Auditing 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. 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 - - - - -
UNIT JOB TITLE BAND STEP A STEP B STEP C STEP D STEP E 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 G-46 2,592.69 2,723.10 2,861.65 3,004.72 3,153.26 Community Development 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
UNIT JOB TITLE BAND STEP A STEP B STEP C STEP D STEP E G Information Systems Technician 28.18 29.32 30.51 31.77 33.07 G Public Safety Officer 25.08 26.33 27.65 29.03 30.48 G 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 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
Agenda Item # 10.15.
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
Second Amended and Restated City_Manager_Employment_Agreement_2023.docx Resolution - Second
Amended_and_Restated_City_Manager_Employment_Agreement_2023.docx · $5 million DTSC grant and Northgate Market Redevelopment Project · Ham Park Resolution
· Well 18 Booster/Lynwood Park Charging Station
· Façade 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
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, andother materials either created by or provided to the City Manager in connection with the performance of this Agreement shall be held confidentialby 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 Time on M arch 2 2 , 2 0 2 1 which shall be deemed the effective date of this Agreement. City Manager agrees to remain in the employ of theCity 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 noticeto 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 oftermination, 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 1s 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 ofthis 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 insubordinationor 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 thesame 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 toadjustment 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 Agreementacknowledges 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
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:
To City:
City Council
City of
Lynwood
11330 Bullis Road
Lynwood, California
90262
To City Manager:
At his home address on file with the
City
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 inthis 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 §§ 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 “A.”
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 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
Agenda Item # 11.1.
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
Resolution - Discretionary_Fund.docx
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
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 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
Agenda Item # 11.2.
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
Triangle) Grant
$109,250
Coordinated With:
City Manager's Office
City Attorney
City Council City Council Regular Meeting 545
Alameda Triangle RAW Process amendment 10_30_2023.pdf
Resolution - First Amendment to Ramboll Agreement.docx
Finance
ATTACHMENTS:
Description
City Council City Council Regular Meeting 546
1/3
October 30, 2023
Ramboll
5 Park Plaza
Suite 500
Irvine, CA 92614
USA
T +1 949.261.5151
F +1 949.261.6202
www.ramboll.com
Confidential
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,
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.
547
2/3
Confidential
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.
548
3/3
Confidential
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 $ 35,000
Task 2: Supplemental Site Investigation $ 15,000
Task 3: Updated HHRA $ 20,000
Task 4: Addressing DTSC Comments and Ongoing Project Team Meetings $ 20,000 Task 5: Community Workshop $ 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 Rebele
Principal
D 949.798.3604
[email protected]
LR:gw
549
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
2 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 7th day of November, 2023.
Oscar Flores
Mayor
ATTEST:
Maria Quinonez
City Clerk
552
3 APPROVED AS TO FORM: APPROVED AS TO CONTENT:
Noel Tapia Ernie Hernandez
City Attorney City Manager
553
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
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
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
LSA-11-7-2023- WARRANT RESOLUTION TEMPLATE.docx
SA-11-07-2023.pdf
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
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 Quiňonez Ernie Hernandez
City Clerk City Manager
APPROVED AS TO FORM:
Noel Tapia
City Attorney
4 STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, Maria Quiňonez, 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 Quiňonez,
City Clerk
STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, Maria Quiňonez, 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 Quiňonez,
City Clerk
5 vchlist
10/26/2023
Bank code:
Voucher
5533
4:43:06PM
sa usb
Date Vendor
11/7/2023 007860 THE PUN GROUP, LLP
1 Vouchers for bank code : sa_usb
Check List
Successor Agency of the Lynwood Redevelopment Agency
Invoice PO# --------- -------
114080 02-002676
Description/Account
PROF & CONTRACTUAL SERVICE
Total:
Bank total:
Page: 1
Amount
325.00
325.00
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 Sept. 2023.pdf
FHN - SUMMARY PORTFOLIO REPORT - JULY 2023.pdf
FHN - SUMMARY PORTFOLIO REPORT - AUG. 2023.pdf
FHN - SUMMARY PORTFOLIO REPORT - SEPT. 2023.pdf
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
Lynwood Successor Agency City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency 8 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 34,388,334.50$
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 - 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 6,097,754.85$
US Bank - Low Mod Housing Trst Fnd/Rogel 6,897,682.67$
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$
Money Market Fund - A Money Market fund is a type of mutual fund that invest in short term debt securities of agenies of the U.S. Government, banks, corporations and U.S. Treasury Bills.
Some advantages of a money market fund over savings and CDs are high liquidity, low risk, and competive yields.
The City currently has a total of five MMA accounts within the City's investment portfolio.
Certificate of Deposit - A Certificate of Deposit or CD, is a time deposit. They are similar to savings accounts in that they are insured and relatively risk-free. They are different from savings accounts in that they usually are for a fixed term and a fixed interest rae. CDs are inteded to be held until maturity, at which time, the money may be withdrawn together with the accrued interest. The City currently has one CD within the City's investment portfolio
Demand Deposits - Also known as "cash in the bank", this is the balance of the City's checking account with US Bank, from which virtually all obligations are paid.
CITY OF LYNWOOD
QUARTERLY INVESTMENT REPORT
September 1, 2023
9 Quarter Ending Interest
Issuer Investment Balance Interest Rate
State of California LAIF 9,787,060.32$ 88,255.78$ 30-Sep-23 0.24% *As of October 13, 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 $21.9 billion
MONEY POOLED INVESTMENT ACCOUNT
(chart dollars in millions)
CITY OF LYNWOOD
QUARTERLY REPORT
September 1, 2023
LAIF Daily Yield 1.60% - Quarter to Date 1.28% - Average Days to Maturity 303 Total $178.4 billion
MONTHLY PORTFOLIO COMPOSITION
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
Agencies Certificate of
Deposits
Time
Deposits
Commercial
Paper
Corporate
Bonds
Loans Treasuries
Chart Title
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
54 COUNTIES 476 CITIES 1,440 SPECIAL
DISTRICTS
193 SCHOOL
DISTRICTS
166 TRUSTEES 56 BONDS
Chart Title
Sept. 2023
10 PAR MARKET BOOK % OF
INVESTMENTS VALUE VALUE VALUE PORTFOLIO
*Money Market Funds 460,295.00$ 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$
CITY OF LYNWOOD
QUARTERLY REPORT
September 1, 2023
PORTFOLIO SUMMARY
Sept. 2023
11 AVERAGE
MARKET PERCENTAGE (%) DAYS TO
DESCRIPTION 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$
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
September 1, 2023
MASTER SUMMARY
Sept. 2023
12 JULY AUGUST SEPTEMBER
Market Value 36,028,992.00$ 36,050,870.00$ 36,098,466.00$ Book Value 37,081,164.00$ 37,218,309.00$ 37,276,243.00$ Variance (1,052,172.00)$ (1,167,439.00)$ (1,177,777.00)$ Par Value 37,160,738.00$ 37,292,809.00$ 37,350,355.00$ Net Asset Value 97.16$ 96.86$ 96.84$ Book Yield 2.91% 2.97% 3.02%
Market Yield 4.62% 4.79% 4.85%
Years to Maturity 1.7 1.63 1.63
Effective Durantion 1.41 1.36 1.38
JULY AUGUST SEPTEMBER
Total Earnings Per Month 63,124.33$ 63,854.77$ 61,701.84$ F/Y Earnings to Date 63,124.33$ 126,979.09$ 188,680.93$ Average Daily Balance 37,031,276.89$ 37,129,051.71$ 37,253,532.56$ F/Y Average Daily Balance 37,031,276.89$ 37,080,164.30$ 37,137,953.72$ Book Rate of Return 2.01% 2.02% 2.02%
F/Y Book Rate of Return 2.01% 2.02% 2.02%
JULY AUGUST SEPTEMBER
CD-FDIC 5,743,705.97$ 5,353,202.77$ 5,134,238.39$ Commercial Paper -$ -$ -$ Corporate Bonds 3,131,715.00$ 3,131,647.50$ 3,614,455.00$ LAIF 9,787,060.32$ 9,787,060.32$ 9,787,060.32$
Money Market Funds 274,677.31$ 654,748.84$ 460,295.00$ U.S. Agencies 10,029,673.60$ 10,042,274.40$ 10,023,973.00$ U.S. Treasuries 7,062,159.70$ 7,081,936.30$ 7,078,444.00$ TOTAL 36,028,991.90$ 36,050,870.13$ 36,098,465.71$
HOLDINGS
PORTFOLIO SUMMARY
AT A GLANCE
ACCOUNT SUMMARY
JUL - SEPT 2023
13 2022
Jan - Mar Apr - June July - Sept Oct - Dec
Investments Managed by Main Street $35,917,091.17 $35,892,711.43 36,098,465.71 $35,344,239.13 Cash & Investments $64,844,352.81 $73,461,151.24 60,560,726.69 $56,840,163.35 Per Treasurer's Reports 100,761,443.98 $109,353,862.67 96,659,192.40 $92,184,402.48 Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account* 45,772,564.15$ 3,999,165.57$ 12,471,094.20$ 37,300,635.52$ *Local Agency Investment Fund 9,710,816.80$ 76,243.52$ -$ 9,787,060.32$ US Bank - RORF - Successor Agency 7,826,014.85$ -$ -$ 7,826,014.85$ US Bank - Low Mod Housing Trust 6,910,066.97$ -$ 10,050.00$ 6,900,016.97$ TOTAL REVENUE & EXPENDITURE 4,075,409.09$ 12,481,144.20$ Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account* 37,300,635.52$ 5,975,933.17$ 9,157,634.11$ 34,118,934.58$ *Local Agency Investment Fund 9,787,060.32$ -$ -$ 9,787,060.32$ US Bank - RORF - Successor Agency 7,826,014.85$ -$ 273,260.00$ 7,552,754.85$ US Bank - Low Mod Housing Trust 6,900,016.97$ -$ 2,334.30$ 6,897,682.67$ TOTAL REVENUE & EXPENDITURE 5,975,933.17$ 9,433,228.41$ Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account 34,118,934.58$ 5,998,341.08$ 5,728,941.16$ 34,388,334.50$ *Local Agency Investment Fund 9,787,060.32$ -$ -$ 9,787,060.32$ US Bank - RORF - Successor Agency 7,552,754.85$ -$ 1,455,000.00$ 6,097,754.85$ US Bank - Low Mod Housing Trust 6,897,682.67$ -$ -$ 6,897,682.67$ TOTAL REVENUE & EXPENDITURE 5,998,341.08$ 7,183,941.16 QUARTERLY TOTAL OF DEBITS/CREDITS 16,049,683.34$ 29,098,313.77$ *Most Active Accounts
*Funds transferred from LAIF account to the general account to cover expenditures 2023
Jul-23
Aug-23
Sep-23
CITY OF LYNWOOD
QUARTERLY REPORT
September 1, 2023
MONTHLY BALANCES PER STATEMENT
DEMAND DEPOSIT ACCOUNTS - MOST ACTIVE
BALANCES PER QUARTER
14 Run Date: 8/14/2023 - 11:21 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 7/31/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 7/31/23 6/30/23 Issuer % Portfolio
Market Value $36,028,992 $35,892,711 LAIF 26.4%
Book Value $37,081,164 $36,959,418 U.S. Treasury 20.2%
Variance -$1,052,172 -$1,066,706 FHLB 18.1%
FFCB 4.6%
Par Value $37,160,738 $37,031,146 FHLMC 4.0%
JPMorgan 1.4%
Net Asset Value $97.16 $97.11 FNMA 1.3%
MetLife 1.3%
Book Yield 2.91% 2.84% Apple 1.3%
3M 1.3%
Market Yield 4.62% 4.72% Goldman Sachs Govt MMF 0.7%
Exxon Mobil 0.7%
Years to Maturity 1.70 1.76 Toyota 0.7%
New York Life 0.7%
Effective Duration 1.41 1.46 Charles Schwab 0.7%
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
0.60%
1.10%
1.60%
2.10%
2.60%
3.10%
0.7%
8.7%
15.9%
20.2%
26.4%
28.0%
MMF
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
43.3%
12.0%
20.8%
10.9% 13.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
42.3%
2.0%
2.7%
1.3%
0.7%
48.6%
2.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 15
Run Date: 8/14/2023 - 11:21 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 7/31/2023
Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 7,476,096.21 20.16% 100% Yes
US Federal Agencies 10,397,066.78 28.04% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,787,060.32 26.39% $75,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 274,677.31 0.74% 20% Yes
Negotiable Certificates of Deposit 5,906,071.96 15.93% 30% Yes Corporate Obligations 3,240,191.58 8.74% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 37,081,164.15 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.70 Less than 3.0 Years Yes
Liquidity 43.30% 30% Under 365 Days Yes
Ratings Yes
3 16
Portfolio Summary
City of Lynwood July 31, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,909,000.00 5,906,071.96 15.93 3.28 1,145 5,743,705.97 Corporate Bonds 3,250,000.00 3,240,191.58 8.74 3.23 698 3,131,715.00 LAIF 9,787,060.32 9,787,060.32 26.39 3.31 1 9,787,060.32 Money Market Funds 274,677.31 274,677.31 0.74 5.07 1 274,677.31 U.S. Agencies 10,440,000.00 10,397,066.78 28.04 3.22 856 10,029,673.60 U.S. Treasuries 7,500,000.00 7,476,096.21 20.16 1.46 674 7,062,159.70 37,081,164.15 100.00 620 36,028,991.90 2.91 37,160,737.63 Investments
July 31 Month Ending Fiscal Year To DateTotal Earnings
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
15 17
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 99.74 247,363.01 0.67% NR/NR 0.0808/30/2023 -627.61 NR 0.08 44.84 3.35% 247,990.62 6.43%3.300%
29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 99.31 246,281.67 0.67% NR/NR 0.1609/27/2023 -1,699.39 NR 0.15 67.95 2.05% 247,981.06 6.43%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.34 243,885.40 0.67% NR/NR 0.5802/27/2024 -4,048.36 NR 0.56 3,159.45 3.05% 247,933.77 5.96%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 95.38 236,534.27 0.67% NR/NR 1.1209/13/2024 -11,465.73 NR 1.09 1,772.35 1.85% 248,000.00 6.20%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 96.54 239,416.34 0.67% NR/NR 2.0508/18/2025 -8,583.66 NR 1.94 313.91 3.30% 248,000.00 5.09%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.65 224,802.98 0.67% NR/NR 2.1609/25/2025 -23,197.02 NR 2.13 438.25 0.50% 248,000.00 5.15%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 90.21 223,724.07 0.67% NR/NR 2.7404/27/2026 -24,275.93 NR 2.69 652.27 1.00% 248,000.00 4.86%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 96.21 238,592.82 0.67% NR/NR 2.9407/07/2026 -9,407.18 NR 2.77 569.04 3.35% 248,000.00 4.75%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 89.46 221,866.33 0.67% NR/NR 2.9607/15/2026 -26,133.67 NR 2.91 109.73 0.95% 248,000.00 4.82%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 89.22 221,258.16 0.67% NR/NR 3.0308/11/2026 -26,741.84 NR 2.96 135.55 0.95% 248,000.00 4.80%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 100.28 248,693.79 0.67% NR/NR 3.1309/15/2026 693.79 NR 2.82 548.66 4.75% 248,000.00 4.65%4.750%
32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 101.17 250,899.51 0.67% NR/NR 3.1509/23/2026 2,899.51 NR 2.83 305.75 5.00% 248,000.00 4.60%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 100.54 249,336.50 0.67% NR/NR 3.9206/29/2027 1,780.40 NR 3.53 92.75 4.60% 247,556.10 4.40%4.550%
254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 96.25 238,701.86 0.67% NR/NR 3.9307/06/2027 -9,298.14 NR 3.64 600.64 3.40% 248,000.00 4.45%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 96.43 239,149.60 0.67% NR/NR 3.9407/07/2027 -8,850.40 NR 3.64 586.03 3.45% 248,000.00 4.45%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 96.82 240,125.39 0.67% NR/NR 4.0108/03/2027 -7,874.61 NR 3.64 4,317.58 3.55% 248,000.00 4.42%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 96.64 239,658.80 0.67% NR/NR 4.0108/04/2027 -8,341.20 NR 3.65 4,232.99 3.50% 248,000.00 4.42%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 96.63 239,653.18 0.67% NR/NR 4.0208/05/2027 -8,346.82 NR 3.65 4,209.21 3.50% 248,000.00 4.42%3.500% 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 96.44 197,694.63 0.55% NR/NR 4.0308/10/2027 -6,478.74 NR 3.67 3,332.79 3.56% 204,173.37 4.42%3.450% Run Date: 8/14/2023 - 11:21 AM
Amortizing
16 18
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 101.30 251,232.60 0.67% NR/NR 4.6303/15/2028 3,232.60 NR 4.05 531.33 4.60% 248,000.00 4.29%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 102.13 253,284.16 0.67% NR/NR 4.6303/16/2028 5,788.84 NR 4.03 4,500.69 4.85% 247,495.31 4.29%4.800% 062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 101.66 252,104.85 0.67% NR/NR 4.6403/20/2028 4,104.85 NR 4.06 379.13 4.65% 248,000.00 4.25%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 100.37 248,908.29 0.67% NR/NR 4.8005/16/2028 1,438.61 NR 4.25 2,275.82 4.40% 247,469.68 4.26%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 101.02 250,537.75 0.67% NR/NR 4.8005/16/2028 3,065.70 NR 4.23 2,354.30 4.55% 247,472.05 4.26%4.500% 5,904,252.52 5,743,705.97 15.93% 3.14
5,906,071.96 3.28% 5,909,000.00 4.84% 35,531.01 -162,366.00 2.87Total Certificates of Deposit Corporate Bonds
89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 99.04 247,587.50 0.68% A1/A+ 0.4401/08/2024 -2,732.56 A+ 0.42 535.07 3.03% 250,320.06 5.57%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.47 492,335.00 1.35% A1/A- 0.7905/13/2024 -10,033.02 AA- 0.75 3,927.08 2.97% 502,368.02 5.64%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.01 237,532.50 0.67% Aaa/AA+ 1.4801/22/2025 -12,202.74 AAA 1.42 125.00 2.08% 249,735.24 5.57%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.90 474,520.00 1.31% A2/A- 1.5502/14/2025 -10,668.18 NR 1.47 4,638.89 4.04% 485,188.18 5.50%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.51 241,270.00 0.70% Aa2/AA- 1.6403/19/2025 -16,567.42 NR 1.53 2,742.67 0.99% 257,837.42 5.25%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.83 484,155.00 1.35% Aa3/AA- 2.0708/25/2025 -15,417.89 AA- 1.91 8,775.00 4.09% 499,572.89 5.70%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 96.46 482,280.00 1.34% Aaa/AA+ 2.5702/23/2026 -14,850.66 NR 2.31 7,131.94 3.49% 497,130.66 4.73%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 93.60 234,007.50 0.67% A2/A- 3.6704/01/2027 -15,555.33 A 3.29 2,750.00 3.35% 249,562.83 5.24%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 95.21 238,027.50 0.67% A1/AA 3.7004/13/2027 -10,448.80 AA- 3.35 2,475.00 3.48% 248,476.30 4.72%3.300% 3,259,902.50 3,131,715.00 8.74% 1.91
3,240,191.58 3.23% 3,250,000.00 5.35% 33,100.65 -108,476.60 1.76Total Corporate Bonds Run Date: 8/14/2023 - 11:21 AM
Amortizing
17 19
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
LAIF
9819499 9,787,060.32LAIF 07/14/2023 9,787,060.32 1.00 9,787,060.32 26.39% NR/NR 0.0008/01/2023
0.00 NR 0.00 0.00 3.31% 9,787,060.32 3.31%3.310%
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 0.00Total LAIF Money Market Funds
FGTXX 274,677.31Goldman Sachs Govt MMF 274,677.31 1.00 274,677.31 0.74% Aaa/AAA 0.0008/01/2023
0.00 NR 0.00 1,428.59 5.07% 274,677.31 5.07%5.070%
274,677.31 274,677.31 0.74% 0.00
274,677.31 5.07% 274,677.31 5.07% 1,428.59 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 98.74 1,619,319.60 4.42% Aaa/AA+ 0.6103/08/2024 -19,425.86 AAA 0.58 21,171.94 3.38% 1,638,745.46 5.40%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 96.75 483,765.00 1.35% Aaa/AA+ 0.9207/01/2024 -16,216.66 AAA 0.89 791.67 1.90% 499,981.66 5.58%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 97.85 978,490.00 2.69% Aaa/AA+ 1.0408/15/2024 -20,623.25 AAA 0.99 15,216.67 3.39% 999,113.25 5.46%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 95.62 191,244.00 0.54% Aaa/AA+ 1.2110/16/2024 -8,361.86 AAA 1.17 875.00 1.67% 199,605.86 5.29%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.68 478,395.00 1.39% Aaa/AA+ 1.6203/14/2025 -36,692.91 AAA 1.54 4,519.10 0.49% 515,087.91 5.19%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.49 457,455.00 1.35% Aaa/AA+ 2.0408/12/2025 -42,545.00 AAA 1.98 1,131.94 0.50% 500,000.00 4.96%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.70 1,953,900.00 5.39% Aaa/AA+ 2.0808/28/2025 -46,100.00 AAA 1.60 34,000.00 4.00% 2,000,000.00 5.18%4.000% 08/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 90.95 454,770.00 1.35% Aaa/AA+ 2.1509/23/2025 -44,143.63 AAA 2.08 666.67 0.48% 498,913.63 4.87%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 89.88 449,420.00 1.35% Aaa/AA+ 3.4212/30/2026 -50,580.00 AAA 3.24 589.86 1.37% 500,000.00 4.60%1.370% 09/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 87.18 435,905.00 1.20% Aaa/AA+ 3.5802/26/2027 -9,714.01 AAA 3.40 1,937.50 4.25% 445,619.01 4.85%0.900% 08/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.87 575,220.00 1.62% Aaa/AA+ 3.8005/19/2027 -24,780.00 AAA 2.36 3,900.00 3.25% 600,000.00 4.44%3.250% 08/19/2023 Run Date: 8/14/2023 - 11:21 AM
Amortizing
18 20
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 96.01 960,120.00 2.70% Aaa/AA+ 4.0708/25/2027 -39,880.00 AAA 2.53 17,550.00 4.05% 1,000,000.00 5.15%4.050% 08/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 99.17 991,670.00 2.70% Aaa/AA+ 4.9206/28/2028 -8,330.00 AAA 0.84 5,166.67 6.00% 1,000,000.00 6.20%6.000% 09/28/2023 10,410,530.60 10,029,673.60 28.04% 2.35
10,397,066.78 3.22% 10,440,000.00 5.25% 107,517.02 -367,393.18 1.59Total U.S. Agencies U.S. Treasuries
912797FA0 870,000.00U.S. Treasury 07/13/2023 858,454.38 98.95 860,821.50 2.32% P-1/A-1+ 0.2010/12/2023
32.05 F1+ 0.20 0.00 5.41% 860,789.45 5.33%0.000%
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 98.54 985,430.00 2.70% Aaa/AA+ 0.2911/15/2023 -14,565.06 AAA 0.28 529.89 0.25% 999,995.06 5.34%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 96.55 482,755.00 1.35% Aaa/AA+ 0.7104/15/2024 -16,152.34 AAA 0.69 553.28 0.69% 498,907.34 5.41%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.20 951,990.00 2.74% Aaa/AA+ 1.3411/30/2024 -62,225.31 AAA 1.29 2,540.98 0.43% 1,014,215.31 5.27%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 91.78 458,885.00 1.34% Aaa/AA+ 1.8405/31/2025 -37,158.15 AAA 1.78 211.75 0.69% 496,043.15 5.00%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.47 904,650.00 2.68% Aaa/AA+ 2.3411/30/2025 -89,719.87 AAA 2.26 635.25 0.62% 994,369.87 4.74%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 89.98 449,920.00 1.34% Aaa/AA+ 2.5101/31/2026 -47,251.98 AAA 2.43 5.10 0.60% 497,171.98 4.67%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.98 899,770.00 2.70% Aaa/AA+ 2.8405/31/2026 -101,620.20 AAA 2.72 1,270.49 0.70% 1,001,390.20 4.56%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.59 447,930.00 1.34% Aaa/AA+ 3.1709/30/2026 -47,555.47 AAA 3.03 1,470.29 1.17% 495,485.47 4.44%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 98.41 620,008.20 1.67% Aaa/AA+ 4.4212/31/2027 2,279.82 AAA 3.97 2,122.83 4.37% 617,728.38 4.27%3.875% 7,477,854.77 7,062,159.70 20.16% 1.85
7,476,096.21 1.46% 7,500,000.00 4.93% 9,339.86 -413,936.51 1.76Total U.S. Treasuries Run Date: 8/14/2023 - 11:21 AM
Amortizing
19 21
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
37,114,278.02 36,028,991.90 100.00% 1.70
186,917.13 -1,052,172.29 1.41 4.62% 37,081,164.15 2.91% 37,160,737.63TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,909.03 Run Date: 8/14/2023 - 11:21 AM
Amortizing
20 22
Maturity Report
City of Lynwood July 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.070% 1Goldman Sachs Govt MMF 274,677.31 08/01/2023 1 5.07% 274,677.31 274,677.31 9819499 3.310% 1LAIF 05/18/2020 9,787,060.32 08/01/2023 1 3.31% 9,787,060.32 9,787,060.32 949763TF3 3.300% 1,795Wells Fargo Bank NA 08/31/2018 247,990.62 08/30/2023 30 3.35% 248,000.00 247,363.01 29278TLY4 2.000% 1,400EnerBank 09/30/2019 247,981.06 09/27/2023 58 2.05% 248,000.00 246,281.67 912797FA0 0.000% 18U.S. Treasury 07/13/2023 860,789.45 10/12/2023 73 5.41% 870,000.00 860,821.50 91282CAW1 0.250% 739U.S. Treasury 07/22/2021 999,995.06 11/15/2023 107 0.25% 1,000,000.00 985,430.00 89236TFS9 3.350% 1,614Toyota Motor Credit 02/28/2019 250,320.06 01/08/2024 161 3.03% 250,000.00 247,587.50 17312Q3B3 3.000% 1,614Citibank 02/28/2019 247,933.77 02/27/2024 211 3.05% 248,000.00 243,885.40 3130A0XE5 3.250% 343FHLB 08/22/2022 1,638,745.46 03/08/2024 221 3.38% 1,640,000.00 1,619,319.60 91282CBV2 0.375% 616U.S. Treasury 11/22/2021 498,907.34 04/15/2024 259 0.69% 500,000.00 482,755.00 46625HJX9 3.625% 1,540JPMorgan Chase & Co 05/13/2019 502,368.02 05/13/2024 287 2.97% 500,000.00 492,335.00 3133EKTV8 1.900% 1,490FFCB 07/02/2019 499,981.66 07/01/2024 336 1.90% 500,000.00 483,765.00 3133ENG20 3.300% 347FFCB 08/18/2022 999,113.25 08/15/2024 381 3.39% 1,000,000.00 978,490.00 32100LCB9 1.850% 1,417First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 410 1.85% 248,000.00 236,534.27 3133EK3B0 1.500% 1,383FFCB 10/17/2019 199,605.86 10/16/2024 443 1.67% 200,000.00 191,244.00 912828YV6 1.500% 739U.S. Treasury 07/22/2021 1,014,215.31 11/30/2024 488 0.43% 1,000,000.00 951,990.00 64952WDL4 2.000% 1,286New York Life 01/22/2020 249,735.24 01/22/2025 541 2.08% 250,000.00 237,532.50 88579YBH3 2.000% 3273M 09/07/2022 485,188.18 02/14/2025 564 4.04% 500,000.00 474,520.00 3130A4CH3 2.375% 1,027FHLB 10/07/2020 515,087.91 03/14/2025 592 0.49% 500,000.00 478,395.00 30231GBH4 2.992% 1,134Exxon Mobil 06/22/2020 257,837.42 03/19/2025 597 0.99% 250,000.00 241,270.00 912828ZT0 0.250% 762U.S. Treasury 06/29/2021 496,043.15 05/31/2025 670 0.69% 500,000.00 458,885.00 3136G4H71 0.500% 1,077FNMA 08/18/2020 500,000.00 08/12/2025 743 0.50% 500,000.00 457,455.00 27002YFE1 3.300% 347EagleBank 08/18/2022 248,000.00 08/18/2025 749 3.30% 248,000.00 239,416.34 59217GFC8 4.050% 340MetLife 08/25/2022 499,572.89 08/25/2025 756 4.09% 500,000.00 484,155.00 3130ASYR4 4.000% 335FHLB 08/30/2022 2,000,000.00 08/28/2025 759 4.00% 2,000,000.00 1,953,900.00 3137EAEX3 0.375% 1,014FHLMC 10/20/2020 498,913.63 09/23/2025 785 0.48% 500,000.00 454,770.00 05580AXF6 0.500% 1,039BMW Bank 09/25/2020 248,000.00 09/25/2025 787 0.50% 248,000.00 224,802.98 91282CAZ4 0.375% 739U.S. Treasury 07/22/2021 994,369.87 11/30/2025 853 0.62% 1,000,000.00 904,650.00 91282CBH3 0.375% 886U.S. Treasury 02/25/2021 497,171.98 01/31/2026 915 0.60% 500,000.00 449,920.00 037833BY5 3.250% 340Apple 08/25/2022 497,130.66 02/23/2026 938 3.49% 500,000.00 482,280.00 856283S98 1.000% 825State Bank of India 04/27/2021 248,000.00 04/27/2026 1,001 1.00% 248,000.00 223,724.07 91282CCF6 0.750% 739U.S. Treasury 07/22/2021 1,001,390.20 05/31/2026 1,035 0.70% 1,000,000.00 899,770.00 02007GUP6 3.350% 389Ally Bank 07/07/2022 248,000.00 07/07/2026 1,072 3.35% 248,000.00 238,592.82 89235MLC3 0.950% 746Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,080 0.95% 248,000.00 221,866.33 90348JR93 0.950% 719UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,107 0.95% 248,000.00 221,258.16 15721UFP9 4.750% 138CFBank 03/15/2023 248,000.00 09/15/2026 1,142 4.75% 248,000.00 248,693.79 Run Date: 8/14/2023 - 11:21 AM
Amortizing
21 23
Maturity Report
City of Lynwood July 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
32117BFR4 5.000% 130First National Bank 03/23/2023 248,000.00 09/23/2026 1,150 5.00% 248,000.00 250,899.51 91282CCZ2 0.875% 650U.S. Treasury 10/19/2021 495,485.47 09/30/2026 1,157 1.17% 500,000.00 447,930.00 3130AQEC3 1.370% 578FHLB 12/30/2021 500,000.00 12/30/2026 1,248 1.37% 500,000.00 449,420.00 3130AL5A8 0.900% 172FHLB 02/09/2023 445,619.01 02/26/2027 1,306 4.25% 500,000.00 435,905.00 808513BW4 3.300% 475Charles Schwab 04/12/2022 249,562.83 04/01/2027 1,340 3.35% 250,000.00 234,007.50 023135CF1 3.300% 417Amazon 06/09/2022 248,476.30 04/13/2027 1,352 3.48% 250,000.00 238,027.50 3130ARTT8 3.250% 438FHLB 05/19/2022 600,000.00 05/19/2027 1,388 3.25% 600,000.00 575,220.00 910286GM9 4.550% 32United Fidelity Bank FSB 06/29/2023 247,556.10 06/29/2027 1,429 4.60% 248,000.00 249,336.50 254673L38 3.400% 389Discover Bank 07/07/2022 248,000.00 07/06/2027 1,436 3.40% 248,000.00 238,701.86 14042RST9 3.450% 389Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,437 3.45% 248,000.00 239,149.60 14042TJD0 3.550% 362Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,464 3.55% 248,000.00 240,125.39 61768ELH4 3.500% 361Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,465 3.50% 248,000.00 239,658.80 87164XN93 3.500% 360Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,466 3.50% 248,000.00 239,653.18 02589ADQ2 3.450% 353American Express National Bank 08/12/2022 204,173.37 08/10/2027 1,471 3.56% 205,000.00 197,694.63 3130AT2L0 4.050% 335FHLB 08/30/2022 1,000,000.00 08/25/2027 1,486 4.05% 1,000,000.00 960,120.00 91282CGC9 3.875% 150U.S. Treasury 03/03/2023 617,728.38 12/31/2027 1,614 4.37% 630,000.00 620,008.20 32114VCH8 4.600% 138First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,689 4.60% 248,000.00 251,232.60 61690U3C2 4.800% 137Morgan Stanley Bank 03/16/2023 247,495.31 03/16/2028 1,690 4.85% 248,000.00 253,284.16 062119BK7 4.650% 133Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,694 4.65% 248,000.00 252,104.85 12547CBJ6 4.350% 75CIBC Bank USA 05/17/2023 247,469.68 05/16/2028 1,751 4.40% 248,000.00 248,908.29 05600XQE3 4.500% 75BMO Harris Bank NA 05/17/2023 247,472.05 05/16/2028 1,751 4.55% 248,000.00 250,537.75 3134GYUE0 6.000% 31FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,794 6.00% 1,000,000.00 991,670.00 Net Maturities and Averages 37,081,164.15 620 2.91% 36,028,991.90 37,160,737.63 Run Date: 8/14/2023 - 11:21 AM
Amortizing
22 24
Income Earned Summary
City of Lynwood July 31, 2023
Fiscal Year To DateJuly 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
118,046.42 118,046.42
186,917.13 186,917.13
-245,539.44 -245,539.44
59,424.11 59,424.11
3,700.22 3,700.22
0.00 0.00
63,124.33
63,124.33
Run Date: 8/14/2023 - 11:21 AM
Amortizing
25 25
Income Earned
City of Lynwood July 01, 2023 - July 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
38148PR33 07/06/2023 0.00Goldman Sachs Bank 247,998.13 0.00 3,946.26 4,058.37 0.00 112.11 1.87 113.98 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,980.93 247,990.62 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 09/27/2023 248,000.00EnerBank 247,970.93 247,981.06 54.36 407.67 67.95 421.26 10.12 431.38 17312Q3B3 02/27/2024 248,000.00Citibank 247,924.03 247,933.77 2,527.56 0.00 3,159.45 631.89 9.73 641.62 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 1,382.68 0.00 1,772.35 389.67 0.00 389.67 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 291.48 672.66 313.91 695.09 0.00 695.09 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 332.93 0.00 438.25 105.32 0.00 105.32 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 441.64 0.00 652.27 210.63 0.00 210.63 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 3,983.29 4,119.86 569.04 705.61 0.00 705.61 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 1,077.95 1,168.32 109.73 200.10 0.00 200.10 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 129.10 193.64 135.55 200.09 0.00 200.09 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 516.38 968.22 548.66 1,000.50 0.00 1,000.50 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 271.78 1,019.18 305.75 1,053.15 0.00 1,053.15 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 247,546.47 247,556.10 61.83 927.45 92.75 958.37 9.63 968.00 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 4,065.84 4,181.35 600.64 716.15 0.00 716.15 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 4,102.19 4,242.84 586.03 726.68 0.00 726.68 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 3,569.84 0.00 4,317.58 747.74 0.00 747.74 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 3,495.78 0.00 4,232.99 737.21 0.00 737.21 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 3,472.00 0.00 4,209.21 737.21 0.00 737.21 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,155.95 204,173.37 2,732.12 0.00 3,332.79 600.67 17.42 618.09 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 500.08 937.64 531.33 968.89 0.00 968.89 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,486.05 247,495.31 3,489.67 0.00 4,500.69 1,011.02 9.26 1,020.28 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 347.54 947.84 379.13 979.43 0.00 979.43 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,462.71 247,472.05 1,406.47 0.00 2,354.30 947.83 9.35 957.18 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 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 07/03/2023 0.00Royal Bank of Canada, NY 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Commercial Paper - Sub Total
0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Corporate Bonds
90331HNV1 07/24/2023 0.00US Bank 250,050.15 0.00 3,706.94 4,250.00 0.00 543.06 -50.15 492.91 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 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 26
Income Earned
City of Lynwood July 01, 2023 - July 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
46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,628.33 502,368.02 2,416.67 0.00 3,927.08 1,510.41 -260.31 1,250.10 64952WDL4 01/22/2025 250,000.00New York Life 249,719.78 249,735.24 2,208.33 2,500.00 125.00 416.67 15.46 432.13 88579YBH3 02/14/2025 500,000.003M 484,357.86 485,188.18 3,805.56 0.00 4,638.89 833.33 830.32 1,663.65 30231GBH4 03/19/2025 250,000.00Exxon Mobil 258,250.61 257,837.42 2,119.33 0.00 2,742.67 623.34 -413.20 210.14 59217GFC8 08/25/2025 500,000.00MetLife 499,555.09 499,572.89 7,087.50 0.00 8,775.00 1,687.50 17.80 1,705.30 037833BY5 02/23/2026 500,000.00Apple 497,034.19 497,130.66 5,777.78 0.00 7,131.94 1,354.16 96.47 1,450.63 808513BW4 04/01/2027 250,000.00Charles Schwab 249,552.56 249,562.83 2,062.50 0.00 2,750.00 687.50 10.27 697.77 023135CF1 04/13/2027 250,000.00Amazon 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 08/01/2023 9,787,060.32LAIF 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 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 Money Market Funds
FGTXX 08/01/2023 274,677.31Goldman Sachs Govt MMF 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 Money Market Funds - Sub Total
274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 U.S. Agencies
3130A0XE5 03/08/2024 1,640,000.00FHLB 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 07/01/2024 500,000.00FFCB 499,979.93 499,981.66 4,750.00 4,750.00 791.67 791.67 1.72 793.39 3133ENG20 08/15/2024 1,000,000.00FFCB 999,039.75 999,113.25 12,466.67 0.00 15,216.67 2,750.00 73.50 2,823.50 3133EK3B0 10/16/2024 200,000.00FFCB 199,577.78 199,605.86 625.00 0.00 875.00 250.00 28.09 278.09 3130A4CH3 03/14/2025 500,000.00FHLB 515,890.18 515,087.91 3,529.51 0.00 4,519.10 989.59 -802.27 187.32 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 923.61 0.00 1,131.94 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 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 09/23/2025 500,000.00FHLMC 498,870.00 498,913.63 510.42 0.00 666.67 156.25 43.62 199.87 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 19.03 0.00 589.86 570.83 0.00 570.83 3130AL5A8 02/26/2027 500,000.00FHLB 444,307.10 445,619.01 1,562.50 0.00 1,937.50 375.00 1,311.91 1,686.91 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 2,275.00 0.00 3,900.00 1,625.00 0.00 1,625.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 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 06/28/2028 1,000,000.00FHLMC 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 27
Income Earned
City of Lynwood July 01, 2023 - July 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
912797FA0 10/12/2023 870,000.00U.S. Treasury 0.00 860,789.45 0.00 0.00 0.00 0.00 2,335.07 2,335.07 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,993.63 999,995.06 319.29 0.00 529.89 210.60 1.43 212.03 91282CBV2 04/15/2024 500,000.00U.S. Treasury 498,776.56 498,907.34 394.47 0.00 553.28 158.81 130.78 289.59 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,015,118.33 1,014,215.31 1,270.49 0.00 2,540.98 1,270.49 -903.02 367.47 912828ZT0 05/31/2025 500,000.00U.S. Treasury 495,860.07 496,043.15 105.87 0.00 211.75 105.88 183.08 288.96 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 994,165.26 994,369.87 317.62 0.00 635.25 317.63 204.61 522.24 91282CBH3 01/31/2026 500,000.00U.S. Treasury 497,076.17 497,171.98 782.11 937.50 5.10 160.49 95.81 256.30 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,431.84 1,001,390.20 635.25 0.00 1,270.49 635.24 -41.64 593.60 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,364.51 495,485.47 1,099.73 0.00 1,470.29 370.56 120.96 491.52 91282CGC9 12/31/2027 630,000.00U.S. Treasury 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 37,160,737.63Grand Total 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 28
Realized Gains and Losses
City of Lynwood July 01, 2023 - July 31, 2023
Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Certificates of Deposit
38148PR33 248,000.0007/09/2018 07/06/2023 1,823 248,000.00 0.00 248,000.00 07/06/2023 1,823Goldman Sachs Bank 3.300%
Total Certificates of Deposit 0.00 248,000.00 248,000.00 Commercial Paper
78015DU32 500,000.0010/07/2022 07/03/2023 269 500,000.00 0.00 500,000.00 07/03/2023 269Royal Bank of Canada, NY 0.000%
Total Commercial Paper 0.00 500,000.00 500,000.00
Corporate Bonds
90331HNV1 250,000.0003/01/2019 07/24/2023 1,606 250,000.00 0.00 250,000.00 07/24/2023 1,606US Bank 3.400%
Total Corporate Bonds 0.00 250,000.00 250,000.00
Grand Total 0.00 998,000.00 998,000.00
Run Date: 8/14/2023 - 11:21 AM
Amortizing
29 29
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 30
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 9/30/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 9/30/23 8/31/23 Issuer % Portfolio
Market Value $36,098,466 $36,050,870 LAIF 26.3%
Book Value $37,276,243 $37,218,309 U.S. Treasury 20.1%
Variance -$1,177,777 -$1,167,439 FHLB 18.0%
FFCB 4.6%
Par Value $37,350,355 $37,292,809 FHLMC 4.0%
JPMorgan 1.3%
Net Asset Value $96.84 $96.86 FNMA 1.3%
MetLife 1.3%
Book Yield 3.02% 2.97% Apple 1.3%
Unilever Capital Corp 1.3%
Market Yield 4.85% 4.79% 3M 1.3%
Goldman Sachs Govt MMF 1.2%
Years to Maturity 1.63 1.63 Exxon Mobil 0.7%
Toyota 0.7%
Effective Duration 1.38 1.36 New York Life 0.7%
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%
2.80%
3.00%
3.20%
1.2%
10.0%
14.5%
20.1%
26.3%
27.9%
MMF
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
45.6%
19.3%
12.0% 14.0%
9.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
40.8%
2.0%
4.0%
1.3%
0.7%
48.9%
2.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 31
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 9/30/2023
Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 7,483,804.58 20.08% 100% Yes
US Federal Agencies 10,398,657.49 27.90% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,787,060.32 26.26% 75,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 460,295.00 1.23% 20% Yes
Negotiable Certificates of Deposit 5,410,227.74 14.51% 30% Yes Corporate Obligations 3,736,197.68 10.02% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 37,276,242.81 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.63 Less than 3.0 Years Yes
Liquidity 45.61% 30% Under 365 Days Yes
Ratings Yes
3 32
Portfolio Summary
City of Lynwood September 30, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,413,000.00 5,410,227.74 14.51 3.33 1,185 5,134,238.39 Corporate Bonds 3,750,000.00 3,736,197.68 10.02 3.48 792 3,614,455.00 LAIF 9,787,060.32 9,787,060.32 26.26 3.55 1 9,787,060.32 Money Market Funds 460,295.00 460,295.00 1.23 5.23 1 460,295.00 U.S. Agencies 10,440,000.00 10,398,657.49 27.90 3.23 796 10,023,973.00 U.S. Treasuries 7,500,000.00 7,483,804.58 20.08 1.46 612 7,078,444.00 37,276,242.81 100.00 596 36,098,465.71 3.02 37,350,355.32 Investments
September 30 Month Ending Fiscal Year To DateTotal Earnings 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
15 33
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.4102/27/2024 -2,459.74 NR 0.41 713.42 3.05% 247,952.91 5.67%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.9609/13/2024 -8,796.03 NR 0.94 226.26 1.85% 248,000.00 5.72%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.8808/18/2025 -10,115.75 NR 1.81 291.48 3.30% 248,000.00 5.60%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.9909/25/2025 -23,545.47 NR 1.98 20.38 0.50% 248,000.00 5.62%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.5804/27/2026 -26,407.85 NR 2.53 1,066.74 1.00% 248,000.00 5.49%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.7707/07/2026 -13,123.48 NR 2.61 1,957.50 3.35% 248,000.00 5.43%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.7907/15/2026 -28,586.85 NR 2.75 503.47 0.95% 248,000.00 5.46%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.8708/11/2026 -29,426.30 NR 2.82 129.10 0.95% 248,000.00 5.45%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.9609/15/2026 -4,403.36 NR 2.73 516.38 4.75% 248,000.00 5.40%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.9809/23/2026 -2,696.22 NR 2.74 271.78 5.00% 248,000.00 5.40%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.7506/29/2027 -5,764.89 NR 3.38 61.83 4.60% 247,575.05 5.29%4.550% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.7707/06/2027 -15,840.19 NR 3.48 2,009.82 3.40% 248,000.00 5.29%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.7707/07/2027 -15,425.87 NR 3.48 2,015.93 3.45% 248,000.00 5.29%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.8408/03/2027 -14,764.11 NR 3.55 1,423.11 3.55% 248,000.00 5.28%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.8508/04/2027 -14,056.64 NR 3.55 1,379.29 3.50% 248,000.00 5.14%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.8508/05/2027 -15,169.98 NR 3.56 1,355.51 3.50% 248,000.00 5.28%3.500% 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.8608/10/2027 -12,128.99 NR 3.57 1,007.59 3.56% 204,207.65 5.28%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.4603/15/2028 -6,641.86 NR 3.99 500.08 4.60% 248,000.00 5.28%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.4603/16/2028 -4,147.98 NR 3.97 489.21 4.85% 247,513.53 5.27%4.800% Run Date: 10/6/2023 - 11:32 AM
Amortizing
16 34
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.4703/20/2028 -6,172.23 NR 3.99 347.54 4.65% 248,000.00 5.28%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.6305/16/2028 -8,913.63 NR 4.09 4,078.75 4.40% 247,488.15 5.29%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.6305/16/2028 -7,401.90 NR 4.07 4,219.40 4.55% 247,490.45 5.29%4.500% 5,409,299.08 5,134,238.39 14.51% 3.25
5,410,227.74 3.33% 5,413,000.00 5.39% 24,584.57 -275,989.32 2.99Total Certificates of Deposit Corporate Bonds
89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 99.43 248,580.00 0.67% A1/A+ 0.2701/08/2024 -1,618.52 A+ 0.26 1,930.90 3.03% 250,198.52 5.43%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 0.6205/13/2024 -8,342.58 AA- 0.58 6,947.92 2.97% 501,872.58 5.77%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 1.3201/22/2025 -11,552.16 AAA 1.25 958.33 2.08% 249,764.66 5.78%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 1.3802/14/2025 -12,678.46 NR 1.31 1,305.56 4.04% 486,768.46 5.99%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 1.4703/19/2025 -15,628.51 NR 1.39 249.33 0.99% 257,051.01 5.45%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 1.9008/25/2025 -16,136.76 AA- 1.78 2,025.00 4.09% 499,606.76 5.91%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 2.4002/23/2026 -19,479.27 NR 2.21 1,715.28 3.49% 497,314.27 5.24%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.5004/01/2027 -20,312.37 A 3.20 4,125.00 3.35% 249,582.37 5.96%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 94.16 235,390.00 0.67% A1/AA 3.5404/13/2027 -13,153.79 AA- 3.19 3,850.00 3.48% 248,543.79 5.13%3.300% 904764BS5 500,000.00Unilever Capital Corp 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.9509/08/2028 -2,840.27 A 4.27 1,557.29 5.08% 495,495.27 5.22%4.875% 3,755,377.50 3,614,455.00 10.02% 2.17
3,736,197.68 3.48% 3,750,000.00 5.60% 24,664.61 -121,742.69 1.97Total Corporate Bonds LAIF
Run Date: 10/6/2023 - 11:32 AM
Amortizing
17 35
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
LAIF
9819499 9,787,060.32LAIF 07/14/2023 9,787,060.32 1.00 9,787,060.32 26.26% NR/NR 0.0010/01/2023
0.00 NR 0.00 0.00 3.55% 9,787,060.32 3.55%3.550%
9,787,060.32 9,787,060.32 26.26% 0.00
9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 460,295.00Goldman Sachs Govt MMF 460,295.00 1.00 460,295.00 1.23% Aaa/AAA 0.0010/01/2023
0.00 NR 0.00 2,454.70 5.23% 460,295.00 5.23%5.233%
460,295.00 460,295.00 1.23% 0.00
460,295.00 5.23% 460,295.00 5.23% 2,454.70 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.4403/08/2024 -15,076.56 AAA 0.42 3,405.28 3.38% 1,639,086.56 5.51%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.7507/01/2024 -13,574.94 AAA 0.72 2,375.00 1.90% 499,984.94 5.63%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.8808/15/2024 -17,293.14 AAA 0.84 4,216.67 3.39% 999,253.14 5.43%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.0510/16/2024 -7,565.32 AAA 1.00 1,375.00 1.67% 199,659.32 5.44%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.4503/14/2025 -33,986.00 AAA 1.39 560.76 0.49% 513,561.00 5.33%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.8708/12/2025 -41,035.00 AAA 1.82 298.61 0.50% 500,000.00 5.17%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.9108/28/2025 -51,180.00 AAA 1.59 7,333.33 4.00% 2,000,000.00 5.43%4.000% 11/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.9809/23/2025 -43,096.65 AAA 1.92 41.67 0.48% 498,996.65 5.11%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.2512/30/2026 -55,095.00 AAA 3.08 1,731.53 1.37% 500,000.00 5.09%1.370% 12/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.4102/26/2027 -13,325.88 AAA 3.26 437.50 4.25% 448,115.88 5.12%0.900% 11/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.6405/19/2027 -26,346.00 AAA 2.40 7,150.00 3.25% 600,000.00 4.57%3.250% 11/19/2023 Run Date: 10/6/2023 - 11:32 AM
Amortizing
18 36
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 3.9008/25/2027 -45,700.00 AAA 2.75 4,050.00 4.05% 1,000,000.00 5.36%4.050% 11/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 4.7506/28/2028 -11,410.00 AAA 0.94 15,166.67 6.00% 1,000,000.00 6.28%6.000% 10/28/2023 10,410,530.60 10,023,973.00 27.90% 2.18
10,398,657.49 3.23% 10,440,000.00 5.42% 48,142.02 -374,684.49 1.54Total U.S. Agencies U.S. Treasuries
912797FA0 870,000.00U.S. Treasury 07/13/2023 858,454.38 99.85 868,729.80 2.33% P-1/A-1+ 0.0310/12/2023 286.51 F1+ 0.04 0.00 5.41% 868,443.29 4.45%0.000%
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.1311/15/2023 -6,187.88 AAA 0.12 944.29 0.25% 999,997.88 5.23%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.5404/15/2024 -12,444.69 AAA 0.52 865.78 0.69% 499,164.69 5.42%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.68 956,760.00 2.72% Aaa/AA+ 1.1711/30/2024 -55,678.40 AAA 1.12 5,040.98 0.43% 1,012,438.40 5.37%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 1.6705/31/2025 -35,348.40 AAA 1.61 420.08 0.69% 496,403.40 5.19%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 2.1711/30/2025 -88,562.50 AAA 2.10 1,260.25 0.62% 994,772.50 5.00%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 2.3401/31/2026 -47,225.51 AAA 2.26 315.90 0.60% 497,360.51 4.95%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.81 898,130.00 2.69% Aaa/AA+ 2.6705/31/2026 -103,178.26 AAA 2.56 2,520.49 0.70% 1,001,308.26 4.87%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 3.0009/30/2026 -49,513.49 AAA 2.88 11.95 1.17% 495,723.49 4.77%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 4.2512/31/2027 -7,507.97 AAA 3.81 6,169.46 4.37% 618,192.17 4.68%3.875% 7,477,854.77 7,078,444.00 20.08% 1.68
7,483,804.58 1.46% 7,500,000.00 4.99% 17,549.18 -405,360.59 1.59Total U.S. Treasuries Run Date: 10/6/2023 - 11:32 AM
Amortizing
19 37
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
37,300,417.27 36,098,465.71 100.00% 1.63
117,395.08 -1,177,777.09 1.38 4.85% 37,276,242.81 3.02% 37,350,355.32TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM
Amortizing
20 38
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.233% 1Goldman Sachs Govt MMF 460,295.00 10/01/2023 1 5.23% 460,295.00 460,295.00 9819499 3.550% 1LAIF 05/18/2020 9,787,060.32 10/01/2023 1 3.55% 9,787,060.32 9,787,060.32 912797FA0 0.000% 79U.S. Treasury 07/13/2023 868,443.29 10/12/2023 12 5.41% 870,000.00 868,729.80 91282CAW1 0.250% 800U.S. Treasury 07/22/2021 999,997.88 11/15/2023 46 0.25% 1,000,000.00 993,810.00 89236TFS9 3.350% 1,675Toyota Motor Credit 02/28/2019 250,198.52 01/08/2024 100 3.03% 250,000.00 248,580.00 17312Q3B3 3.000% 1,675Citibank 02/28/2019 247,952.91 02/27/2024 150 3.05% 248,000.00 245,493.17 3130A0XE5 3.250% 404FHLB 08/22/2022 1,639,086.56 03/08/2024 160 3.38% 1,640,000.00 1,624,010.00 91282CBV2 0.375% 677U.S. Treasury 11/22/2021 499,164.69 04/15/2024 198 0.69% 500,000.00 486,720.00 46625HJX9 3.625% 1,601JPMorgan Chase & Co 05/13/2019 501,872.58 05/13/2024 226 2.97% 500,000.00 493,530.00 3133EKTV8 1.900% 1,551FFCB 07/02/2019 499,984.94 07/01/2024 275 1.90% 500,000.00 486,410.00 3133ENG20 3.300% 408FFCB 08/18/2022 999,253.14 08/15/2024 320 3.39% 1,000,000.00 981,960.00 32100LCB9 1.850% 1,478First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 349 1.85% 248,000.00 239,203.97 3133EK3B0 1.500% 1,444FFCB 10/17/2019 199,659.32 10/16/2024 382 1.67% 200,000.00 192,094.00 912828YV6 1.500% 800U.S. Treasury 07/22/2021 1,012,438.40 11/30/2024 427 0.43% 1,000,000.00 956,760.00 64952WDL4 2.000% 1,347New York Life 01/22/2020 249,764.66 01/22/2025 480 2.08% 250,000.00 238,212.50 88579YBH3 2.000% 3883M 09/07/2022 486,768.46 02/14/2025 503 4.04% 500,000.00 474,090.00 3130A4CH3 2.375% 1,088FHLB 10/07/2020 513,561.00 03/14/2025 531 0.49% 500,000.00 479,575.00 30231GBH4 2.992% 1,195Exxon Mobil 06/22/2020 257,051.01 03/19/2025 536 0.99% 250,000.00 241,422.50 912828ZT0 0.250% 823U.S. Treasury 06/29/2021 496,403.40 05/31/2025 609 0.69% 500,000.00 461,055.00 3136G4H71 0.500% 1,138FNMA 08/18/2020 500,000.00 08/12/2025 682 0.50% 500,000.00 458,965.00 27002YFE1 3.300% 408EagleBank 08/18/2022 248,000.00 08/18/2025 688 3.30% 248,000.00 237,884.25 59217GFC8 4.050% 401MetLife 08/25/2022 499,606.76 08/25/2025 695 4.09% 500,000.00 483,470.00 3130ASYR4 4.000% 396FHLB 08/30/2022 2,000,000.00 08/28/2025 698 4.00% 2,000,000.00 1,948,820.00 3137EAEX3 0.375% 1,075FHLMC 10/20/2020 498,996.65 09/23/2025 724 0.48% 500,000.00 455,900.00 05580AXF6 0.500% 1,100BMW Bank 09/25/2020 248,000.00 09/25/2025 726 0.50% 248,000.00 224,454.53 91282CAZ4 0.375% 800U.S. Treasury 07/22/2021 994,772.50 11/30/2025 792 0.62% 1,000,000.00 906,210.00 91282CBH3 0.375% 947U.S. Treasury 02/25/2021 497,360.51 01/31/2026 854 0.60% 500,000.00 450,135.00 037833BY5 3.250% 401Apple 08/25/2022 497,314.27 02/23/2026 877 3.49% 500,000.00 477,835.00 856283S98 1.000% 886State Bank of India 04/27/2021 248,000.00 04/27/2026 940 1.00% 248,000.00 221,592.15 91282CCF6 0.750% 800U.S. Treasury 07/22/2021 1,001,308.26 05/31/2026 974 0.70% 1,000,000.00 898,130.00 02007GUP6 3.350% 450Ally Bank 07/07/2022 248,000.00 07/07/2026 1,011 3.35% 248,000.00 234,876.52 89235MLC3 0.950% 807Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,019 0.95% 248,000.00 219,413.15 90348JR93 0.950% 780UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,046 0.95% 248,000.00 218,573.70 15721UFP9 4.750% 199CFBank 03/15/2023 248,000.00 09/15/2026 1,081 4.75% 248,000.00 243,596.64 32117BFR4 5.000% 191First National Bank 03/23/2023 248,000.00 09/23/2026 1,089 5.00% 248,000.00 245,303.78 91282CCZ2 0.875% 711U.S. Treasury 10/19/2021 495,723.49 09/30/2026 1,096 1.17% 500,000.00 446,210.00 Run Date: 10/6/2023 - 11:32 AM
Amortizing
21 39
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
3130AQEC3 1.370% 639FHLB 12/30/2021 500,000.00 12/30/2026 1,187 1.37% 500,000.00 444,905.00 3130AL5A8 0.900% 233FHLB 02/09/2023 448,115.88 02/26/2027 1,245 4.25% 500,000.00 434,790.00 808513BW4 3.300% 536Charles Schwab 04/12/2022 249,582.37 04/01/2027 1,279 3.35% 250,000.00 229,270.00 023135CF1 3.300% 478Amazon 06/09/2022 248,543.79 04/13/2027 1,291 3.48% 250,000.00 235,390.00 3130ARTT8 3.250% 499FHLB 05/19/2022 600,000.00 05/19/2027 1,327 3.25% 600,000.00 573,654.00 910286GM9 4.550% 93United Fidelity Bank FSB 06/29/2023 247,575.05 06/29/2027 1,368 4.60% 248,000.00 241,810.16 254673L38 3.400% 450Discover Bank 07/07/2022 248,000.00 07/06/2027 1,375 3.40% 248,000.00 232,159.81 14042RST9 3.450% 450Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,376 3.45% 248,000.00 232,574.13 14042TJD0 3.550% 423Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,403 3.55% 248,000.00 233,235.89 61768ELH4 3.500% 422Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,404 3.50% 248,000.00 233,943.36 87164XN93 3.500% 421Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,405 3.50% 248,000.00 232,830.02 02589ADQ2 3.450% 414American Express National Bank 08/12/2022 204,207.65 08/10/2027 1,410 3.56% 205,000.00 192,078.66 3130AT2L0 4.050% 396FHLB 08/30/2022 1,000,000.00 08/25/2027 1,425 4.05% 1,000,000.00 954,300.00 91282CGC9 3.875% 211U.S. Treasury 03/03/2023 618,192.17 12/31/2027 1,553 4.37% 630,000.00 610,684.20 32114VCH8 4.600% 199First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,628 4.60% 248,000.00 241,358.14 61690U3C2 4.800% 198Morgan Stanley Bank 03/16/2023 247,513.53 03/16/2028 1,629 4.85% 248,000.00 243,365.55 062119BK7 4.650% 194Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,633 4.65% 248,000.00 241,827.77 12547CBJ6 4.350% 136CIBC Bank USA 05/17/2023 247,488.15 05/16/2028 1,690 4.40% 248,000.00 238,574.52 05600XQE3 4.500% 136BMO Harris Bank NA 05/17/2023 247,490.45 05/16/2028 1,690 4.55% 248,000.00 240,088.54 3134GYUE0 6.000% 92FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,733 6.00% 1,000,000.00 988,590.00 904764BS5 4.875% 8Unilever Capital Corp 09/22/2023 495,495.27 09/08/2028 1,805 5.08% 500,000.00 492,655.00 Net Maturities and Averages 37,276,242.81 596 3.02% 36,098,465.71 37,350,355.32 Run Date: 10/6/2023 - 11:32 AM
Amortizing
22 40
Income Earned Summary
City of Lynwood September 30, 2023
Fiscal Year To DateSeptember 30 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
53,021.16 303,139.11
117,395.08 117,395.08
-113,626.98 -245,539.44
56,789.26 174,994.75
4,912.58 13,686.18
0.00 0.00
61,701.84
188,680.93
Run Date: 10/6/2023 - 11:32 AM
Amortizing
25 41
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
29278TLY4 09/27/2023 0.00EnerBank 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 02/27/2024 248,000.00Citibank 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 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 01/08/2024 250,000.00Toyota Motor Credit 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 01/22/2025 250,000.00New York Life 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 02/14/2025 500,000.003M 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 03/19/2025 250,000.00Exxon Mobil 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 08/25/2025 500,000.00MetLife 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 04/01/2027 250,000.00Charles Schwab 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
26 42
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
023135CF1 04/13/2027 250,000.00Amazon 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764BS5 09/08/2028 500,000.00Unilever Capital Corp 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 3,736,197.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF
9819499 10/01/2023 9,787,060.32LAIF 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 10/01/2023 460,295.00Goldman Sachs Govt MMF 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 03/08/2024 1,640,000.00FHLB 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 07/01/2024 500,000.00FFCB 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 09/23/2025 500,000.00FHLMC 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 02/26/2027 500,000.00FHLB 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 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 3134GYUE0 06/28/2028 1,000,000.00FHLMC 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 10/12/2023 870,000.00U.S. Treasury 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 04/15/2024 500,000.00U.S. Treasury 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 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
27 43
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
912828ZT0 05/31/2025 500,000.00U.S. Treasury 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 01/31/2026 500,000.00U.S. Treasury 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 12/31/2027 630,000.00U.S. Treasury 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 37,350,355.32Grand Total 37,218,309.07 37,276,242.81 113,626.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM
Amortizing
28 44
Realized Gains and Losses
City of Lynwood September 01, 2023 - September 30, 2023 Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Certificates of Deposit
29278TLY4 248,000.0009/30/2019 09/27/2023 1,458 248,000.00 0.00 248,000.00 09/27/2023 1,458EnerBank 2.000%
Total Certificates of Deposit 0.00 248,000.00 248,000.00 Grand Total 0.00 248,000.00 248,000.00
Run Date: 10/6/2023 - 11:32 AM
Amortizing
29 45
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 - - 1,488.43 - - 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 - - 26,650.00 - - 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 200.10 - - 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,312.85 - - 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 1,000.49 - - 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 - - 968.90 - - 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 - - 6,000.92 - - 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 - - 695.08 - - 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 979.43 - - 09/22/2023 Purchase 904764BS5 UNANA 4 7/8 09/08/28 09/08/2028 -495,475.00 - -947.92 - - 09/25/2023
Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 625.10 - - 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,053.15 - - 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 421.26 - - 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 - 248,000.00 - - - 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 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
30 46
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 9/30/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 9/30/23 8/31/23 Issuer % Portfolio
Market Value $36,098,466 $36,050,870 LAIF 26.3%
Book Value $37,276,243 $37,218,309 U.S. Treasury 20.1%
Variance -$1,177,777 -$1,167,439 FHLB 18.0%
FFCB 4.6%
Par Value $37,350,355 $37,292,809 FHLMC 4.0%
JPMorgan 1.3%
Net Asset Value $96.84 $96.86 FNMA 1.3%
MetLife 1.3%
Book Yield 3.02% 2.97% Apple 1.3%
Unilever Capital Corp 1.3%
Market Yield 4.85% 4.79% 3M 1.3%
Goldman Sachs Govt MMF 1.2%
Years to Maturity 1.63 1.63 Exxon Mobil 0.7%
Toyota 0.7%
Effective Duration 1.38 1.36 New York Life 0.7%
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%
2.80%
3.00%
3.20%
1.2%
10.0%
14.5%
20.1%
26.3%
27.9%
MMF
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
45.6%
19.3%
12.0% 14.0%
9.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
40.8%
2.0%
4.0%
1.3%
0.7%
48.9%
2.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 47
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 9/30/2023
Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 7,483,804.58 20.08% 100% Yes
US Federal Agencies 10,398,657.49 27.90% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,787,060.32 26.26% 75,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 460,295.00 1.23% 20% Yes
Negotiable Certificates of Deposit 5,410,227.74 14.51% 30% Yes Corporate Obligations 3,736,197.68 10.02% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 37,276,242.81 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.63 Less than 3.0 Years Yes
Liquidity 45.61% 30% Under 365 Days Yes
Ratings Yes
3 48
Portfolio Summary
City of Lynwood September 30, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,413,000.00 5,410,227.74 14.51 3.33 1,185 5,134,238.39 Corporate Bonds 3,750,000.00 3,736,197.68 10.02 3.48 792 3,614,455.00 LAIF 9,787,060.32 9,787,060.32 26.26 3.55 1 9,787,060.32 Money Market Funds 460,295.00 460,295.00 1.23 5.23 1 460,295.00 U.S. Agencies 10,440,000.00 10,398,657.49 27.90 3.23 796 10,023,973.00 U.S. Treasuries 7,500,000.00 7,483,804.58 20.08 1.46 612 7,078,444.00 37,276,242.81 100.00 596 36,098,465.71 3.02 37,350,355.32 Investments
September 30 Month Ending Fiscal Year To DateTotal Earnings 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
15 49
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.4102/27/2024 -2,459.74 NR 0.41 713.42 3.05% 247,952.91 5.67%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.9609/13/2024 -8,796.03 NR 0.94 226.26 1.85% 248,000.00 5.72%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.8808/18/2025 -10,115.75 NR 1.81 291.48 3.30% 248,000.00 5.60%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.9909/25/2025 -23,545.47 NR 1.98 20.38 0.50% 248,000.00 5.62%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.5804/27/2026 -26,407.85 NR 2.53 1,066.74 1.00% 248,000.00 5.49%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.7707/07/2026 -13,123.48 NR 2.61 1,957.50 3.35% 248,000.00 5.43%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.7907/15/2026 -28,586.85 NR 2.75 503.47 0.95% 248,000.00 5.46%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.8708/11/2026 -29,426.30 NR 2.82 129.10 0.95% 248,000.00 5.45%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.9609/15/2026 -4,403.36 NR 2.73 516.38 4.75% 248,000.00 5.40%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.9809/23/2026 -2,696.22 NR 2.74 271.78 5.00% 248,000.00 5.40%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.7506/29/2027 -5,764.89 NR 3.38 61.83 4.60% 247,575.05 5.29%4.550% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.7707/06/2027 -15,840.19 NR 3.48 2,009.82 3.40% 248,000.00 5.29%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.7707/07/2027 -15,425.87 NR 3.48 2,015.93 3.45% 248,000.00 5.29%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.8408/03/2027 -14,764.11 NR 3.55 1,423.11 3.55% 248,000.00 5.28%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.8508/04/2027 -14,056.64 NR 3.55 1,379.29 3.50% 248,000.00 5.14%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.8508/05/2027 -15,169.98 NR 3.56 1,355.51 3.50% 248,000.00 5.28%3.500% 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.8608/10/2027 -12,128.99 NR 3.57 1,007.59 3.56% 204,207.65 5.28%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.4603/15/2028 -6,641.86 NR 3.99 500.08 4.60% 248,000.00 5.28%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.4603/16/2028 -4,147.98 NR 3.97 489.21 4.85% 247,513.53 5.27%4.800% Run Date: 10/6/2023 - 11:32 AM
Amortizing
16 50
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.4703/20/2028 -6,172.23 NR 3.99 347.54 4.65% 248,000.00 5.28%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.6305/16/2028 -8,913.63 NR 4.09 4,078.75 4.40% 247,488.15 5.29%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.6305/16/2028 -7,401.90 NR 4.07 4,219.40 4.55% 247,490.45 5.29%4.500% 5,409,299.08 5,134,238.39 14.51% 3.25
5,410,227.74 3.33% 5,413,000.00 5.39% 24,584.57 -275,989.32 2.99Total Certificates of Deposit Corporate Bonds
89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 99.43 248,580.00 0.67% A1/A+ 0.2701/08/2024 -1,618.52 A+ 0.26 1,930.90 3.03% 250,198.52 5.43%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 0.6205/13/2024 -8,342.58 AA- 0.58 6,947.92 2.97% 501,872.58 5.77%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 1.3201/22/2025 -11,552.16 AAA 1.25 958.33 2.08% 249,764.66 5.78%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 1.3802/14/2025 -12,678.46 NR 1.31 1,305.56 4.04% 486,768.46 5.99%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 1.4703/19/2025 -15,628.51 NR 1.39 249.33 0.99% 257,051.01 5.45%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 1.9008/25/2025 -16,136.76 AA- 1.78 2,025.00 4.09% 499,606.76 5.91%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 2.4002/23/2026 -19,479.27 NR 2.21 1,715.28 3.49% 497,314.27 5.24%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.5004/01/2027 -20,312.37 A 3.20 4,125.00 3.35% 249,582.37 5.96%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 94.16 235,390.00 0.67% A1/AA 3.5404/13/2027 -13,153.79 AA- 3.19 3,850.00 3.48% 248,543.79 5.13%3.300% 904764BS5 500,000.00Unilever Capital Corp 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.9509/08/2028 -2,840.27 A 4.27 1,557.29 5.08% 495,495.27 5.22%4.875% 3,755,377.50 3,614,455.00 10.02% 2.17
3,736,197.68 3.48% 3,750,000.00 5.60% 24,664.61 -121,742.69 1.97Total Corporate Bonds LAIF
Run Date: 10/6/2023 - 11:32 AM
Amortizing
17 51
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
LAIF
9819499 9,787,060.32LAIF 07/14/2023 9,787,060.32 1.00 9,787,060.32 26.26% NR/NR 0.0010/01/2023
0.00 NR 0.00 0.00 3.55% 9,787,060.32 3.55%3.550%
9,787,060.32 9,787,060.32 26.26% 0.00
9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 460,295.00Goldman Sachs Govt MMF 460,295.00 1.00 460,295.00 1.23% Aaa/AAA 0.0010/01/2023
0.00 NR 0.00 2,454.70 5.23% 460,295.00 5.23%5.233%
460,295.00 460,295.00 1.23% 0.00
460,295.00 5.23% 460,295.00 5.23% 2,454.70 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.4403/08/2024 -15,076.56 AAA 0.42 3,405.28 3.38% 1,639,086.56 5.51%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.7507/01/2024 -13,574.94 AAA 0.72 2,375.00 1.90% 499,984.94 5.63%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.8808/15/2024 -17,293.14 AAA 0.84 4,216.67 3.39% 999,253.14 5.43%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.0510/16/2024 -7,565.32 AAA 1.00 1,375.00 1.67% 199,659.32 5.44%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.4503/14/2025 -33,986.00 AAA 1.39 560.76 0.49% 513,561.00 5.33%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.8708/12/2025 -41,035.00 AAA 1.82 298.61 0.50% 500,000.00 5.17%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.9108/28/2025 -51,180.00 AAA 1.59 7,333.33 4.00% 2,000,000.00 5.43%4.000% 11/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.9809/23/2025 -43,096.65 AAA 1.92 41.67 0.48% 498,996.65 5.11%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.2512/30/2026 -55,095.00 AAA 3.08 1,731.53 1.37% 500,000.00 5.09%1.370% 12/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.4102/26/2027 -13,325.88 AAA 3.26 437.50 4.25% 448,115.88 5.12%0.900% 11/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.6405/19/2027 -26,346.00 AAA 2.40 7,150.00 3.25% 600,000.00 4.57%3.250% 11/19/2023 Run Date: 10/6/2023 - 11:32 AM
Amortizing
18 52
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 3.9008/25/2027 -45,700.00 AAA 2.75 4,050.00 4.05% 1,000,000.00 5.36%4.050% 11/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 4.7506/28/2028 -11,410.00 AAA 0.94 15,166.67 6.00% 1,000,000.00 6.28%6.000% 10/28/2023 10,410,530.60 10,023,973.00 27.90% 2.18
10,398,657.49 3.23% 10,440,000.00 5.42% 48,142.02 -374,684.49 1.54Total U.S. Agencies U.S. Treasuries
912797FA0 870,000.00U.S. Treasury 07/13/2023 858,454.38 99.85 868,729.80 2.33% P-1/A-1+ 0.0310/12/2023 286.51 F1+ 0.04 0.00 5.41% 868,443.29 4.45%0.000%
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.1311/15/2023 -6,187.88 AAA 0.12 944.29 0.25% 999,997.88 5.23%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.5404/15/2024 -12,444.69 AAA 0.52 865.78 0.69% 499,164.69 5.42%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.68 956,760.00 2.72% Aaa/AA+ 1.1711/30/2024 -55,678.40 AAA 1.12 5,040.98 0.43% 1,012,438.40 5.37%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 1.6705/31/2025 -35,348.40 AAA 1.61 420.08 0.69% 496,403.40 5.19%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 2.1711/30/2025 -88,562.50 AAA 2.10 1,260.25 0.62% 994,772.50 5.00%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 2.3401/31/2026 -47,225.51 AAA 2.26 315.90 0.60% 497,360.51 4.95%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.81 898,130.00 2.69% Aaa/AA+ 2.6705/31/2026 -103,178.26 AAA 2.56 2,520.49 0.70% 1,001,308.26 4.87%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 3.0009/30/2026 -49,513.49 AAA 2.88 11.95 1.17% 495,723.49 4.77%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 4.2512/31/2027 -7,507.97 AAA 3.81 6,169.46 4.37% 618,192.17 4.68%3.875% 7,477,854.77 7,078,444.00 20.08% 1.68
7,483,804.58 1.46% 7,500,000.00 4.99% 17,549.18 -405,360.59 1.59Total U.S. Treasuries Run Date: 10/6/2023 - 11:32 AM
Amortizing
19 53
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
37,300,417.27 36,098,465.71 100.00% 1.63
117,395.08 -1,177,777.09 1.38 4.85% 37,276,242.81 3.02% 37,350,355.32TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM
Amortizing
20 54
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.233% 1Goldman Sachs Govt MMF 460,295.00 10/01/2023 1 5.23% 460,295.00 460,295.00 9819499 3.550% 1LAIF 05/18/2020 9,787,060.32 10/01/2023 1 3.55% 9,787,060.32 9,787,060.32 912797FA0 0.000% 79U.S. Treasury 07/13/2023 868,443.29 10/12/2023 12 5.41% 870,000.00 868,729.80 91282CAW1 0.250% 800U.S. Treasury 07/22/2021 999,997.88 11/15/2023 46 0.25% 1,000,000.00 993,810.00 89236TFS9 3.350% 1,675Toyota Motor Credit 02/28/2019 250,198.52 01/08/2024 100 3.03% 250,000.00 248,580.00 17312Q3B3 3.000% 1,675Citibank 02/28/2019 247,952.91 02/27/2024 150 3.05% 248,000.00 245,493.17 3130A0XE5 3.250% 404FHLB 08/22/2022 1,639,086.56 03/08/2024 160 3.38% 1,640,000.00 1,624,010.00 91282CBV2 0.375% 677U.S. Treasury 11/22/2021 499,164.69 04/15/2024 198 0.69% 500,000.00 486,720.00 46625HJX9 3.625% 1,601JPMorgan Chase & Co 05/13/2019 501,872.58 05/13/2024 226 2.97% 500,000.00 493,530.00 3133EKTV8 1.900% 1,551FFCB 07/02/2019 499,984.94 07/01/2024 275 1.90% 500,000.00 486,410.00 3133ENG20 3.300% 408FFCB 08/18/2022 999,253.14 08/15/2024 320 3.39% 1,000,000.00 981,960.00 32100LCB9 1.850% 1,478First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 349 1.85% 248,000.00 239,203.97 3133EK3B0 1.500% 1,444FFCB 10/17/2019 199,659.32 10/16/2024 382 1.67% 200,000.00 192,094.00 912828YV6 1.500% 800U.S. Treasury 07/22/2021 1,012,438.40 11/30/2024 427 0.43% 1,000,000.00 956,760.00 64952WDL4 2.000% 1,347New York Life 01/22/2020 249,764.66 01/22/2025 480 2.08% 250,000.00 238,212.50 88579YBH3 2.000% 3883M 09/07/2022 486,768.46 02/14/2025 503 4.04% 500,000.00 474,090.00 3130A4CH3 2.375% 1,088FHLB 10/07/2020 513,561.00 03/14/2025 531 0.49% 500,000.00 479,575.00 30231GBH4 2.992% 1,195Exxon Mobil 06/22/2020 257,051.01 03/19/2025 536 0.99% 250,000.00 241,422.50 912828ZT0 0.250% 823U.S. Treasury 06/29/2021 496,403.40 05/31/2025 609 0.69% 500,000.00 461,055.00 3136G4H71 0.500% 1,138FNMA 08/18/2020 500,000.00 08/12/2025 682 0.50% 500,000.00 458,965.00 27002YFE1 3.300% 408EagleBank 08/18/2022 248,000.00 08/18/2025 688 3.30% 248,000.00 237,884.25 59217GFC8 4.050% 401MetLife 08/25/2022 499,606.76 08/25/2025 695 4.09% 500,000.00 483,470.00 3130ASYR4 4.000% 396FHLB 08/30/2022 2,000,000.00 08/28/2025 698 4.00% 2,000,000.00 1,948,820.00 3137EAEX3 0.375% 1,075FHLMC 10/20/2020 498,996.65 09/23/2025 724 0.48% 500,000.00 455,900.00 05580AXF6 0.500% 1,100BMW Bank 09/25/2020 248,000.00 09/25/2025 726 0.50% 248,000.00 224,454.53 91282CAZ4 0.375% 800U.S. Treasury 07/22/2021 994,772.50 11/30/2025 792 0.62% 1,000,000.00 906,210.00 91282CBH3 0.375% 947U.S. Treasury 02/25/2021 497,360.51 01/31/2026 854 0.60% 500,000.00 450,135.00 037833BY5 3.250% 401Apple 08/25/2022 497,314.27 02/23/2026 877 3.49% 500,000.00 477,835.00 856283S98 1.000% 886State Bank of India 04/27/2021 248,000.00 04/27/2026 940 1.00% 248,000.00 221,592.15 91282CCF6 0.750% 800U.S. Treasury 07/22/2021 1,001,308.26 05/31/2026 974 0.70% 1,000,000.00 898,130.00 02007GUP6 3.350% 450Ally Bank 07/07/2022 248,000.00 07/07/2026 1,011 3.35% 248,000.00 234,876.52 89235MLC3 0.950% 807Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,019 0.95% 248,000.00 219,413.15 90348JR93 0.950% 780UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,046 0.95% 248,000.00 218,573.70 15721UFP9 4.750% 199CFBank 03/15/2023 248,000.00 09/15/2026 1,081 4.75% 248,000.00 243,596.64 32117BFR4 5.000% 191First National Bank 03/23/2023 248,000.00 09/23/2026 1,089 5.00% 248,000.00 245,303.78 91282CCZ2 0.875% 711U.S. Treasury 10/19/2021 495,723.49 09/30/2026 1,096 1.17% 500,000.00 446,210.00 Run Date: 10/6/2023 - 11:32 AM
Amortizing
21 55
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
3130AQEC3 1.370% 639FHLB 12/30/2021 500,000.00 12/30/2026 1,187 1.37% 500,000.00 444,905.00 3130AL5A8 0.900% 233FHLB 02/09/2023 448,115.88 02/26/2027 1,245 4.25% 500,000.00 434,790.00 808513BW4 3.300% 536Charles Schwab 04/12/2022 249,582.37 04/01/2027 1,279 3.35% 250,000.00 229,270.00 023135CF1 3.300% 478Amazon 06/09/2022 248,543.79 04/13/2027 1,291 3.48% 250,000.00 235,390.00 3130ARTT8 3.250% 499FHLB 05/19/2022 600,000.00 05/19/2027 1,327 3.25% 600,000.00 573,654.00 910286GM9 4.550% 93United Fidelity Bank FSB 06/29/2023 247,575.05 06/29/2027 1,368 4.60% 248,000.00 241,810.16 254673L38 3.400% 450Discover Bank 07/07/2022 248,000.00 07/06/2027 1,375 3.40% 248,000.00 232,159.81 14042RST9 3.450% 450Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,376 3.45% 248,000.00 232,574.13 14042TJD0 3.550% 423Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,403 3.55% 248,000.00 233,235.89 61768ELH4 3.500% 422Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,404 3.50% 248,000.00 233,943.36 87164XN93 3.500% 421Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,405 3.50% 248,000.00 232,830.02 02589ADQ2 3.450% 414American Express National Bank 08/12/2022 204,207.65 08/10/2027 1,410 3.56% 205,000.00 192,078.66 3130AT2L0 4.050% 396FHLB 08/30/2022 1,000,000.00 08/25/2027 1,425 4.05% 1,000,000.00 954,300.00 91282CGC9 3.875% 211U.S. Treasury 03/03/2023 618,192.17 12/31/2027 1,553 4.37% 630,000.00 610,684.20 32114VCH8 4.600% 199First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,628 4.60% 248,000.00 241,358.14 61690U3C2 4.800% 198Morgan Stanley Bank 03/16/2023 247,513.53 03/16/2028 1,629 4.85% 248,000.00 243,365.55 062119BK7 4.650% 194Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,633 4.65% 248,000.00 241,827.77 12547CBJ6 4.350% 136CIBC Bank USA 05/17/2023 247,488.15 05/16/2028 1,690 4.40% 248,000.00 238,574.52 05600XQE3 4.500% 136BMO Harris Bank NA 05/17/2023 247,490.45 05/16/2028 1,690 4.55% 248,000.00 240,088.54 3134GYUE0 6.000% 92FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,733 6.00% 1,000,000.00 988,590.00 904764BS5 4.875% 8Unilever Capital Corp 09/22/2023 495,495.27 09/08/2028 1,805 5.08% 500,000.00 492,655.00 Net Maturities and Averages 37,276,242.81 596 3.02% 36,098,465.71 37,350,355.32 Run Date: 10/6/2023 - 11:32 AM
Amortizing
22 56
Income Earned Summary
City of Lynwood September 30, 2023
Fiscal Year To DateSeptember 30 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
53,021.16 303,139.11
117,395.08 117,395.08
-113,626.98 -245,539.44
56,789.26 174,994.75
4,912.58 13,686.18
0.00 0.00
61,701.84
188,680.93
Run Date: 10/6/2023 - 11:32 AM
Amortizing
25 57
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
29278TLY4 09/27/2023 0.00EnerBank 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 02/27/2024 248,000.00Citibank 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 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 01/08/2024 250,000.00Toyota Motor Credit 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 01/22/2025 250,000.00New York Life 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 02/14/2025 500,000.003M 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 03/19/2025 250,000.00Exxon Mobil 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 08/25/2025 500,000.00MetLife 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 04/01/2027 250,000.00Charles Schwab 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
26 58
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
023135CF1 04/13/2027 250,000.00Amazon 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764BS5 09/08/2028 500,000.00Unilever Capital Corp 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 3,736,197.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF
9819499 10/01/2023 9,787,060.32LAIF 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 10/01/2023 460,295.00Goldman Sachs Govt MMF 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 03/08/2024 1,640,000.00FHLB 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 07/01/2024 500,000.00FFCB 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 09/23/2025 500,000.00FHLMC 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 02/26/2027 500,000.00FHLB 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 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 3134GYUE0 06/28/2028 1,000,000.00FHLMC 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 10/12/2023 870,000.00U.S. Treasury 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 04/15/2024 500,000.00U.S. Treasury 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 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
27 59
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
912828ZT0 05/31/2025 500,000.00U.S. Treasury 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 01/31/2026 500,000.00U.S. Treasury 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 12/31/2027 630,000.00U.S. Treasury 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 37,350,355.32Grand Total 37,218,309.07 37,276,242.81 113,626.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM
Amortizing
28 60
Realized Gains and Losses
City of Lynwood September 01, 2023 - September 30, 2023 Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Certificates of Deposit
29278TLY4 248,000.0009/30/2019 09/27/2023 1,458 248,000.00 0.00 248,000.00 09/27/2023 1,458EnerBank 2.000%
Total Certificates of Deposit 0.00 248,000.00 248,000.00 Grand Total 0.00 248,000.00 248,000.00
Run Date: 10/6/2023 - 11:32 AM
Amortizing
29 61
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 - - 1,488.43 - - 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 - - 26,650.00 - - 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 200.10 - - 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,312.85 - - 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 1,000.49 - - 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 - - 968.90 - - 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 - - 6,000.92 - - 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 - - 695.08 - - 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 979.43 - - 09/22/2023 Purchase 904764BS5 UNANA 4 7/8 09/08/28 09/08/2028 -495,475.00 - -947.92 - - 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 625.10 - - 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,053.15 - - 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 421.26 - - 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 - 248,000.00 - - - 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 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
30 62
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 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
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
4. CONSENT CALENDAR
4.1 APPROVAL OF THE WARRANT REGISTER-LHA
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).)
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:
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 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
LHA-11-7-2023 WARRANT RESOLUTION TEMPLATE.docx
LHA-11-07-2023.pdf
Agenda Item # 4.1.
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
Lynwood Housing Authority Lynwood Housing Authority 3
1 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 Quiňonez, Ernie Hernandez,
Secretary Executive Director
APPROVED AS TO FORM:
Noel Tapia,
Authority Counsel
4 2
STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, Maria Quiňonez, 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 Quiňonez,
Secretary
STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, Maria Quiňonez, 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 Quiňonez,
Secretary
5 vchlist
10/26/2023
Bank code:
Voucher
4:43:06PM
lhaus2
Date Vendor
10317 11/7/2023 003547 KANE, BALLMER & BERKMAN
10318 11/7/2023 012487 KEALOHACORP.
Check List
Lynwood Housing Authority
Invoice PO#
28062 11-002282
1039 11-002268
Page: 1
Description/Account Amount
PROF & CONTRACTUAL SERVICES 1,837.50
Total: 1,837.50
PROF & CONTRACTUAL SERVICES 1,012.50
Total: 1,012.50
Page: 1
6 1.
CALL TO ORDER
2. CERTIFICATION OF AGENDA POSTING BY SECRETARY
3. ROLL CALL OF MEMBERS
4. GOVERNMENT CODE SECTION 54954.3
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
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
Oscar Flores, President
Rita Soto, Vice President
Gabriela Camacho, Member
Juan Munoz-Guevara, Member
Jose Luis Solache, Member
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 BULLIS 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 Sept. 2023.pdf
FHN - SUMMARY PORTFOLIO REPORT - JULY 2023.pdf
FHN - SUMMARY PORTFOLIO REPORT - AUG. 2023.pdf
FHN - SUMMARY PORTFOLIO REPORT - SEPT. 2023.pdf
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
Lynwood Public Financing Authority Lynwood Public Financing Authority 4 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 34,388,334.50$
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 - 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 6,097,754.85$
US Bank - Low Mod Housing Trst Fnd/Rogel 6,897,682.67$
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$
Money Market Fund - A Money Market fund is a type of mutual fund that invest in short term debt securities of agenies of the U.S. Government, banks, corporations and U.S. Treasury Bills.
Some advantages of a money market fund over savings and CDs are high liquidity, low risk, and competive yields.
The City currently has a total of five MMA accounts within the City's investment portfolio.
Certificate of Deposit - A Certificate of Deposit or CD, is a time deposit. They are similar to savings accounts in that they are insured and relatively risk-free. They are different from savings accounts in that they usually are for a fixed term and a fixed interest rae. CDs are inteded to be held until maturity, at which time, the money may be withdrawn together with the accrued interest. The City currently has one CD within the City's investment portfolio
Demand Deposits - Also known as "cash in the bank", this is the balance of the City's checking account with US Bank, from which virtually all obligations are paid.
CITY OF LYNWOOD
QUARTERLY INVESTMENT REPORT
September 1, 2023
5 Quarter Ending Interest
Issuer Investment Balance Interest Rate
State of California LAIF 9,787,060.32$ 88,255.78$ 30-Sep-23 0.24% *As of October 13, 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 $21.9 billion
MONEY POOLED INVESTMENT ACCOUNT
(chart dollars in millions)
CITY OF LYNWOOD
QUARTERLY REPORT
September 1, 2023
LAIF Daily Yield 1.60% - Quarter to Date 1.28% - Average Days to Maturity 303 Total $178.4 billion
MONTHLY PORTFOLIO COMPOSITION
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
Agencies Certificate of
Deposits
Time
Deposits
Commercial
Paper
Corporate
Bonds
Loans Treasuries
Chart Title
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
54 COUNTIES 476 CITIES 1,440 SPECIAL
DISTRICTS
193 SCHOOL
DISTRICTS
166 TRUSTEES 56 BONDS
Chart Title
Sept. 2023
6 PAR MARKET BOOK % OF
INVESTMENTS VALUE VALUE VALUE PORTFOLIO
*Money Market Funds 460,295.00$ 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$
CITY OF LYNWOOD
QUARTERLY REPORT
September 1, 2023
PORTFOLIO SUMMARY
Sept. 2023
7 AVERAGE
MARKET PERCENTAGE (%) DAYS TO
DESCRIPTION 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$
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
September 1, 2023
MASTER SUMMARY
Sept. 2023
8 JULY AUGUST SEPTEMBER
Market Value 36,028,992.00$ 36,050,870.00$ 36,098,466.00$ Book Value 37,081,164.00$ 37,218,309.00$ 37,276,243.00$ Variance (1,052,172.00)$ (1,167,439.00)$ (1,177,777.00)$ Par Value 37,160,738.00$ 37,292,809.00$ 37,350,355.00$ Net Asset Value 97.16$ 96.86$ 96.84$ Book Yield 2.91% 2.97% 3.02%
Market Yield 4.62% 4.79% 4.85%
Years to Maturity 1.7 1.63 1.63
Effective Durantion 1.41 1.36 1.38
JULY AUGUST SEPTEMBER
Total Earnings Per Month 63,124.33$ 63,854.77$ 61,701.84$ F/Y Earnings to Date 63,124.33$ 126,979.09$ 188,680.93$ Average Daily Balance 37,031,276.89$ 37,129,051.71$ 37,253,532.56$ F/Y Average Daily Balance 37,031,276.89$ 37,080,164.30$ 37,137,953.72$ Book Rate of Return 2.01% 2.02% 2.02%
F/Y Book Rate of Return 2.01% 2.02% 2.02%
JULY AUGUST SEPTEMBER
CD-FDIC 5,743,705.97$ 5,353,202.77$ 5,134,238.39$ Commercial Paper -$ -$ -$ Corporate Bonds 3,131,715.00$ 3,131,647.50$ 3,614,455.00$ LAIF 9,787,060.32$ 9,787,060.32$ 9,787,060.32$
Money Market Funds 274,677.31$ 654,748.84$ 460,295.00$ U.S. Agencies 10,029,673.60$ 10,042,274.40$ 10,023,973.00$ U.S. Treasuries 7,062,159.70$ 7,081,936.30$ 7,078,444.00$ TOTAL 36,028,991.90$ 36,050,870.13$ 36,098,465.71$
HOLDINGS
PORTFOLIO SUMMARY
AT A GLANCE
ACCOUNT SUMMARY
JUL - SEPT 2023
9 2022
Jan - Mar Apr - June July - Sept Oct - Dec
Investments Managed by Main Street $35,917,091.17 $35,892,711.43 36,098,465.71 $35,344,239.13 Cash & Investments $64,844,352.81 $73,461,151.24 60,560,726.69 $56,840,163.35 Per Treasurer's Reports 100,761,443.98 $109,353,862.67 96,659,192.40 $92,184,402.48 Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account* 45,772,564.15$ 3,999,165.57$ 12,471,094.20$ 37,300,635.52$ *Local Agency Investment Fund 9,710,816.80$ 76,243.52$ -$ 9,787,060.32$ US Bank - RORF - Successor Agency 7,826,014.85$ -$ -$ 7,826,014.85$ US Bank - Low Mod Housing Trust 6,910,066.97$ -$ 10,050.00$ 6,900,016.97$ TOTAL REVENUE & EXPENDITURE 4,075,409.09$ 12,481,144.20$ Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account* 37,300,635.52$ 5,975,933.17$ 9,157,634.11$ 34,118,934.58$ *Local Agency Investment Fund 9,787,060.32$ -$ -$ 9,787,060.32$ US Bank - RORF - Successor Agency 7,826,014.85$ -$ 273,260.00$ 7,552,754.85$ US Bank - Low Mod Housing Trust 6,900,016.97$ -$ 2,334.30$ 6,897,682.67$ TOTAL REVENUE & EXPENDITURE 5,975,933.17$ 9,433,228.41$ Accounts
Balances per Statement Beginning Credits Debits Ending
US Bank - General Account 34,118,934.58$ 5,998,341.08$ 5,728,941.16$ 34,388,334.50$ *Local Agency Investment Fund 9,787,060.32$ -$ -$ 9,787,060.32$ US Bank - RORF - Successor Agency 7,552,754.85$ -$ 1,455,000.00$ 6,097,754.85$ US Bank - Low Mod Housing Trust 6,897,682.67$ -$ -$ 6,897,682.67$ TOTAL REVENUE & EXPENDITURE 5,998,341.08$ 7,183,941.16 QUARTERLY TOTAL OF DEBITS/CREDITS 16,049,683.34$ 29,098,313.77$ *Most Active Accounts
*Funds transferred from LAIF account to the general account to cover expenditures 2023
Jul-23
Aug-23
Sep-23
CITY OF LYNWOOD
QUARTERLY REPORT
September 1, 2023
MONTHLY BALANCES PER STATEMENT
DEMAND DEPOSIT ACCOUNTS - MOST ACTIVE
BALANCES PER QUARTER
10 Run Date: 8/14/2023 - 11:21 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 7/31/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 7/31/23 6/30/23 Issuer % Portfolio
Market Value $36,028,992 $35,892,711 LAIF 26.4%
Book Value $37,081,164 $36,959,418 U.S. Treasury 20.2%
Variance -$1,052,172 -$1,066,706 FHLB 18.1%
FFCB 4.6%
Par Value $37,160,738 $37,031,146 FHLMC 4.0%
JPMorgan 1.4%
Net Asset Value $97.16 $97.11 FNMA 1.3%
MetLife 1.3%
Book Yield 2.91% 2.84% Apple 1.3%
3M 1.3%
Market Yield 4.62% 4.72% Goldman Sachs Govt MMF 0.7%
Exxon Mobil 0.7%
Years to Maturity 1.70 1.76 Toyota 0.7%
New York Life 0.7%
Effective Duration 1.41 1.46 Charles Schwab 0.7%
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
0.60%
1.10%
1.60%
2.10%
2.60%
3.10%
0.7%
8.7%
15.9%
20.2%
26.4%
28.0%
MMF
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
43.3%
12.0%
20.8%
10.9% 13.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
42.3%
2.0%
2.7%
1.3%
0.7%
48.6%
2.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 11
Run Date: 8/14/2023 - 11:21 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 7/31/2023
Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 7,476,096.21 20.16% 100% Yes
US Federal Agencies 10,397,066.78 28.04% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,787,060.32 26.39% $75,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 274,677.31 0.74% 20% Yes
Negotiable Certificates of Deposit 5,906,071.96 15.93% 30% Yes Corporate Obligations 3,240,191.58 8.74% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 37,081,164.15 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.70 Less than 3.0 Years Yes
Liquidity 43.30% 30% Under 365 Days Yes
Ratings Yes
3 12
Portfolio Summary
City of Lynwood July 31, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,909,000.00 5,906,071.96 15.93 3.28 1,145 5,743,705.97 Corporate Bonds 3,250,000.00 3,240,191.58 8.74 3.23 698 3,131,715.00 LAIF 9,787,060.32 9,787,060.32 26.39 3.31 1 9,787,060.32 Money Market Funds 274,677.31 274,677.31 0.74 5.07 1 274,677.31 U.S. Agencies 10,440,000.00 10,397,066.78 28.04 3.22 856 10,029,673.60 U.S. Treasuries 7,500,000.00 7,476,096.21 20.16 1.46 674 7,062,159.70 37,081,164.15 100.00 620 36,028,991.90 2.91 37,160,737.63 Investments
July 31 Month Ending Fiscal Year To DateTotal Earnings
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
15 13
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 99.74 247,363.01 0.67% NR/NR 0.0808/30/2023 -627.61 NR 0.08 44.84 3.35% 247,990.62 6.43%3.300%
29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 99.31 246,281.67 0.67% NR/NR 0.1609/27/2023 -1,699.39 NR 0.15 67.95 2.05% 247,981.06 6.43%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.34 243,885.40 0.67% NR/NR 0.5802/27/2024 -4,048.36 NR 0.56 3,159.45 3.05% 247,933.77 5.96%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 95.38 236,534.27 0.67% NR/NR 1.1209/13/2024 -11,465.73 NR 1.09 1,772.35 1.85% 248,000.00 6.20%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 96.54 239,416.34 0.67% NR/NR 2.0508/18/2025 -8,583.66 NR 1.94 313.91 3.30% 248,000.00 5.09%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.65 224,802.98 0.67% NR/NR 2.1609/25/2025 -23,197.02 NR 2.13 438.25 0.50% 248,000.00 5.15%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 90.21 223,724.07 0.67% NR/NR 2.7404/27/2026 -24,275.93 NR 2.69 652.27 1.00% 248,000.00 4.86%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 96.21 238,592.82 0.67% NR/NR 2.9407/07/2026 -9,407.18 NR 2.77 569.04 3.35% 248,000.00 4.75%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 89.46 221,866.33 0.67% NR/NR 2.9607/15/2026 -26,133.67 NR 2.91 109.73 0.95% 248,000.00 4.82%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 89.22 221,258.16 0.67% NR/NR 3.0308/11/2026 -26,741.84 NR 2.96 135.55 0.95% 248,000.00 4.80%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 100.28 248,693.79 0.67% NR/NR 3.1309/15/2026 693.79 NR 2.82 548.66 4.75% 248,000.00 4.65%4.750%
32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 101.17 250,899.51 0.67% NR/NR 3.1509/23/2026 2,899.51 NR 2.83 305.75 5.00% 248,000.00 4.60%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 100.54 249,336.50 0.67% NR/NR 3.9206/29/2027 1,780.40 NR 3.53 92.75 4.60% 247,556.10 4.40%4.550%
254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 96.25 238,701.86 0.67% NR/NR 3.9307/06/2027 -9,298.14 NR 3.64 600.64 3.40% 248,000.00 4.45%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 96.43 239,149.60 0.67% NR/NR 3.9407/07/2027 -8,850.40 NR 3.64 586.03 3.45% 248,000.00 4.45%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 96.82 240,125.39 0.67% NR/NR 4.0108/03/2027 -7,874.61 NR 3.64 4,317.58 3.55% 248,000.00 4.42%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 96.64 239,658.80 0.67% NR/NR 4.0108/04/2027 -8,341.20 NR 3.65 4,232.99 3.50% 248,000.00 4.42%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 96.63 239,653.18 0.67% NR/NR 4.0208/05/2027 -8,346.82 NR 3.65 4,209.21 3.50% 248,000.00 4.42%3.500% 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 96.44 197,694.63 0.55% NR/NR 4.0308/10/2027 -6,478.74 NR 3.67 3,332.79 3.56% 204,173.37 4.42%3.450% Run Date: 8/14/2023 - 11:21 AM
Amortizing
16 14
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 101.30 251,232.60 0.67% NR/NR 4.6303/15/2028 3,232.60 NR 4.05 531.33 4.60% 248,000.00 4.29%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 102.13 253,284.16 0.67% NR/NR 4.6303/16/2028 5,788.84 NR 4.03 4,500.69 4.85% 247,495.31 4.29%4.800% 062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 101.66 252,104.85 0.67% NR/NR 4.6403/20/2028 4,104.85 NR 4.06 379.13 4.65% 248,000.00 4.25%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 100.37 248,908.29 0.67% NR/NR 4.8005/16/2028 1,438.61 NR 4.25 2,275.82 4.40% 247,469.68 4.26%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 101.02 250,537.75 0.67% NR/NR 4.8005/16/2028 3,065.70 NR 4.23 2,354.30 4.55% 247,472.05 4.26%4.500% 5,904,252.52 5,743,705.97 15.93% 3.14
5,906,071.96 3.28% 5,909,000.00 4.84% 35,531.01 -162,366.00 2.87Total Certificates of Deposit Corporate Bonds
89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 99.04 247,587.50 0.68% A1/A+ 0.4401/08/2024 -2,732.56 A+ 0.42 535.07 3.03% 250,320.06 5.57%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.47 492,335.00 1.35% A1/A- 0.7905/13/2024 -10,033.02 AA- 0.75 3,927.08 2.97% 502,368.02 5.64%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.01 237,532.50 0.67% Aaa/AA+ 1.4801/22/2025 -12,202.74 AAA 1.42 125.00 2.08% 249,735.24 5.57%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.90 474,520.00 1.31% A2/A- 1.5502/14/2025 -10,668.18 NR 1.47 4,638.89 4.04% 485,188.18 5.50%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.51 241,270.00 0.70% Aa2/AA- 1.6403/19/2025 -16,567.42 NR 1.53 2,742.67 0.99% 257,837.42 5.25%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.83 484,155.00 1.35% Aa3/AA- 2.0708/25/2025 -15,417.89 AA- 1.91 8,775.00 4.09% 499,572.89 5.70%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 96.46 482,280.00 1.34% Aaa/AA+ 2.5702/23/2026 -14,850.66 NR 2.31 7,131.94 3.49% 497,130.66 4.73%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 93.60 234,007.50 0.67% A2/A- 3.6704/01/2027 -15,555.33 A 3.29 2,750.00 3.35% 249,562.83 5.24%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 95.21 238,027.50 0.67% A1/AA 3.7004/13/2027 -10,448.80 AA- 3.35 2,475.00 3.48% 248,476.30 4.72%3.300% 3,259,902.50 3,131,715.00 8.74% 1.91
3,240,191.58 3.23% 3,250,000.00 5.35% 33,100.65 -108,476.60 1.76Total Corporate Bonds Run Date: 8/14/2023 - 11:21 AM
Amortizing
17 15
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
LAIF
9819499 9,787,060.32LAIF 07/14/2023 9,787,060.32 1.00 9,787,060.32 26.39% NR/NR 0.0008/01/2023
0.00 NR 0.00 0.00 3.31% 9,787,060.32 3.31%3.310%
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 0.00Total LAIF Money Market Funds
FGTXX 274,677.31Goldman Sachs Govt MMF 274,677.31 1.00 274,677.31 0.74% Aaa/AAA 0.0008/01/2023
0.00 NR 0.00 1,428.59 5.07% 274,677.31 5.07%5.070%
274,677.31 274,677.31 0.74% 0.00
274,677.31 5.07% 274,677.31 5.07% 1,428.59 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 98.74 1,619,319.60 4.42% Aaa/AA+ 0.6103/08/2024 -19,425.86 AAA 0.58 21,171.94 3.38% 1,638,745.46 5.40%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 96.75 483,765.00 1.35% Aaa/AA+ 0.9207/01/2024 -16,216.66 AAA 0.89 791.67 1.90% 499,981.66 5.58%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 97.85 978,490.00 2.69% Aaa/AA+ 1.0408/15/2024 -20,623.25 AAA 0.99 15,216.67 3.39% 999,113.25 5.46%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 95.62 191,244.00 0.54% Aaa/AA+ 1.2110/16/2024 -8,361.86 AAA 1.17 875.00 1.67% 199,605.86 5.29%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.68 478,395.00 1.39% Aaa/AA+ 1.6203/14/2025 -36,692.91 AAA 1.54 4,519.10 0.49% 515,087.91 5.19%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.49 457,455.00 1.35% Aaa/AA+ 2.0408/12/2025 -42,545.00 AAA 1.98 1,131.94 0.50% 500,000.00 4.96%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.70 1,953,900.00 5.39% Aaa/AA+ 2.0808/28/2025 -46,100.00 AAA 1.60 34,000.00 4.00% 2,000,000.00 5.18%4.000% 08/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 90.95 454,770.00 1.35% Aaa/AA+ 2.1509/23/2025 -44,143.63 AAA 2.08 666.67 0.48% 498,913.63 4.87%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 89.88 449,420.00 1.35% Aaa/AA+ 3.4212/30/2026 -50,580.00 AAA 3.24 589.86 1.37% 500,000.00 4.60%1.370% 09/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 87.18 435,905.00 1.20% Aaa/AA+ 3.5802/26/2027 -9,714.01 AAA 3.40 1,937.50 4.25% 445,619.01 4.85%0.900% 08/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.87 575,220.00 1.62% Aaa/AA+ 3.8005/19/2027 -24,780.00 AAA 2.36 3,900.00 3.25% 600,000.00 4.44%3.250% 08/19/2023 Run Date: 8/14/2023 - 11:21 AM
Amortizing
18 16
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 96.01 960,120.00 2.70% Aaa/AA+ 4.0708/25/2027 -39,880.00 AAA 2.53 17,550.00 4.05% 1,000,000.00 5.15%4.050% 08/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 99.17 991,670.00 2.70% Aaa/AA+ 4.9206/28/2028 -8,330.00 AAA 0.84 5,166.67 6.00% 1,000,000.00 6.20%6.000% 09/28/2023 10,410,530.60 10,029,673.60 28.04% 2.35
10,397,066.78 3.22% 10,440,000.00 5.25% 107,517.02 -367,393.18 1.59Total U.S. Agencies U.S. Treasuries
912797FA0 870,000.00U.S. Treasury 07/13/2023 858,454.38 98.95 860,821.50 2.32% P-1/A-1+ 0.2010/12/2023
32.05 F1+ 0.20 0.00 5.41% 860,789.45 5.33%0.000%
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 98.54 985,430.00 2.70% Aaa/AA+ 0.2911/15/2023 -14,565.06 AAA 0.28 529.89 0.25% 999,995.06 5.34%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 96.55 482,755.00 1.35% Aaa/AA+ 0.7104/15/2024 -16,152.34 AAA 0.69 553.28 0.69% 498,907.34 5.41%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.20 951,990.00 2.74% Aaa/AA+ 1.3411/30/2024 -62,225.31 AAA 1.29 2,540.98 0.43% 1,014,215.31 5.27%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 91.78 458,885.00 1.34% Aaa/AA+ 1.8405/31/2025 -37,158.15 AAA 1.78 211.75 0.69% 496,043.15 5.00%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.47 904,650.00 2.68% Aaa/AA+ 2.3411/30/2025 -89,719.87 AAA 2.26 635.25 0.62% 994,369.87 4.74%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 89.98 449,920.00 1.34% Aaa/AA+ 2.5101/31/2026 -47,251.98 AAA 2.43 5.10 0.60% 497,171.98 4.67%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.98 899,770.00 2.70% Aaa/AA+ 2.8405/31/2026 -101,620.20 AAA 2.72 1,270.49 0.70% 1,001,390.20 4.56%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.59 447,930.00 1.34% Aaa/AA+ 3.1709/30/2026 -47,555.47 AAA 3.03 1,470.29 1.17% 495,485.47 4.44%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 98.41 620,008.20 1.67% Aaa/AA+ 4.4212/31/2027 2,279.82 AAA 3.97 2,122.83 4.37% 617,728.38 4.27%3.875% 7,477,854.77 7,062,159.70 20.16% 1.85
7,476,096.21 1.46% 7,500,000.00 4.93% 9,339.86 -413,936.51 1.76Total U.S. Treasuries Run Date: 8/14/2023 - 11:21 AM
Amortizing
19 17
Holdings Report
City of Lynwood July 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
37,114,278.02 36,028,991.90 100.00% 1.70
186,917.13 -1,052,172.29 1.41 4.62% 37,081,164.15 2.91% 37,160,737.63TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,909.03 Run Date: 8/14/2023 - 11:21 AM
Amortizing
20 18
Maturity Report
City of Lynwood July 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.070% 1Goldman Sachs Govt MMF 274,677.31 08/01/2023 1 5.07% 274,677.31 274,677.31 9819499 3.310% 1LAIF 05/18/2020 9,787,060.32 08/01/2023 1 3.31% 9,787,060.32 9,787,060.32 949763TF3 3.300% 1,795Wells Fargo Bank NA 08/31/2018 247,990.62 08/30/2023 30 3.35% 248,000.00 247,363.01 29278TLY4 2.000% 1,400EnerBank 09/30/2019 247,981.06 09/27/2023 58 2.05% 248,000.00 246,281.67 912797FA0 0.000% 18U.S. Treasury 07/13/2023 860,789.45 10/12/2023 73 5.41% 870,000.00 860,821.50 91282CAW1 0.250% 739U.S. Treasury 07/22/2021 999,995.06 11/15/2023 107 0.25% 1,000,000.00 985,430.00 89236TFS9 3.350% 1,614Toyota Motor Credit 02/28/2019 250,320.06 01/08/2024 161 3.03% 250,000.00 247,587.50 17312Q3B3 3.000% 1,614Citibank 02/28/2019 247,933.77 02/27/2024 211 3.05% 248,000.00 243,885.40 3130A0XE5 3.250% 343FHLB 08/22/2022 1,638,745.46 03/08/2024 221 3.38% 1,640,000.00 1,619,319.60 91282CBV2 0.375% 616U.S. Treasury 11/22/2021 498,907.34 04/15/2024 259 0.69% 500,000.00 482,755.00 46625HJX9 3.625% 1,540JPMorgan Chase & Co 05/13/2019 502,368.02 05/13/2024 287 2.97% 500,000.00 492,335.00 3133EKTV8 1.900% 1,490FFCB 07/02/2019 499,981.66 07/01/2024 336 1.90% 500,000.00 483,765.00 3133ENG20 3.300% 347FFCB 08/18/2022 999,113.25 08/15/2024 381 3.39% 1,000,000.00 978,490.00 32100LCB9 1.850% 1,417First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 410 1.85% 248,000.00 236,534.27 3133EK3B0 1.500% 1,383FFCB 10/17/2019 199,605.86 10/16/2024 443 1.67% 200,000.00 191,244.00 912828YV6 1.500% 739U.S. Treasury 07/22/2021 1,014,215.31 11/30/2024 488 0.43% 1,000,000.00 951,990.00 64952WDL4 2.000% 1,286New York Life 01/22/2020 249,735.24 01/22/2025 541 2.08% 250,000.00 237,532.50 88579YBH3 2.000% 3273M 09/07/2022 485,188.18 02/14/2025 564 4.04% 500,000.00 474,520.00 3130A4CH3 2.375% 1,027FHLB 10/07/2020 515,087.91 03/14/2025 592 0.49% 500,000.00 478,395.00 30231GBH4 2.992% 1,134Exxon Mobil 06/22/2020 257,837.42 03/19/2025 597 0.99% 250,000.00 241,270.00 912828ZT0 0.250% 762U.S. Treasury 06/29/2021 496,043.15 05/31/2025 670 0.69% 500,000.00 458,885.00 3136G4H71 0.500% 1,077FNMA 08/18/2020 500,000.00 08/12/2025 743 0.50% 500,000.00 457,455.00 27002YFE1 3.300% 347EagleBank 08/18/2022 248,000.00 08/18/2025 749 3.30% 248,000.00 239,416.34 59217GFC8 4.050% 340MetLife 08/25/2022 499,572.89 08/25/2025 756 4.09% 500,000.00 484,155.00 3130ASYR4 4.000% 335FHLB 08/30/2022 2,000,000.00 08/28/2025 759 4.00% 2,000,000.00 1,953,900.00 3137EAEX3 0.375% 1,014FHLMC 10/20/2020 498,913.63 09/23/2025 785 0.48% 500,000.00 454,770.00 05580AXF6 0.500% 1,039BMW Bank 09/25/2020 248,000.00 09/25/2025 787 0.50% 248,000.00 224,802.98 91282CAZ4 0.375% 739U.S. Treasury 07/22/2021 994,369.87 11/30/2025 853 0.62% 1,000,000.00 904,650.00 91282CBH3 0.375% 886U.S. Treasury 02/25/2021 497,171.98 01/31/2026 915 0.60% 500,000.00 449,920.00 037833BY5 3.250% 340Apple 08/25/2022 497,130.66 02/23/2026 938 3.49% 500,000.00 482,280.00 856283S98 1.000% 825State Bank of India 04/27/2021 248,000.00 04/27/2026 1,001 1.00% 248,000.00 223,724.07 91282CCF6 0.750% 739U.S. Treasury 07/22/2021 1,001,390.20 05/31/2026 1,035 0.70% 1,000,000.00 899,770.00 02007GUP6 3.350% 389Ally Bank 07/07/2022 248,000.00 07/07/2026 1,072 3.35% 248,000.00 238,592.82 89235MLC3 0.950% 746Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,080 0.95% 248,000.00 221,866.33 90348JR93 0.950% 719UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,107 0.95% 248,000.00 221,258.16 15721UFP9 4.750% 138CFBank 03/15/2023 248,000.00 09/15/2026 1,142 4.75% 248,000.00 248,693.79 Run Date: 8/14/2023 - 11:21 AM
Amortizing
21 19
Maturity Report
City of Lynwood July 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
32117BFR4 5.000% 130First National Bank 03/23/2023 248,000.00 09/23/2026 1,150 5.00% 248,000.00 250,899.51 91282CCZ2 0.875% 650U.S. Treasury 10/19/2021 495,485.47 09/30/2026 1,157 1.17% 500,000.00 447,930.00 3130AQEC3 1.370% 578FHLB 12/30/2021 500,000.00 12/30/2026 1,248 1.37% 500,000.00 449,420.00 3130AL5A8 0.900% 172FHLB 02/09/2023 445,619.01 02/26/2027 1,306 4.25% 500,000.00 435,905.00 808513BW4 3.300% 475Charles Schwab 04/12/2022 249,562.83 04/01/2027 1,340 3.35% 250,000.00 234,007.50 023135CF1 3.300% 417Amazon 06/09/2022 248,476.30 04/13/2027 1,352 3.48% 250,000.00 238,027.50 3130ARTT8 3.250% 438FHLB 05/19/2022 600,000.00 05/19/2027 1,388 3.25% 600,000.00 575,220.00 910286GM9 4.550% 32United Fidelity Bank FSB 06/29/2023 247,556.10 06/29/2027 1,429 4.60% 248,000.00 249,336.50 254673L38 3.400% 389Discover Bank 07/07/2022 248,000.00 07/06/2027 1,436 3.40% 248,000.00 238,701.86 14042RST9 3.450% 389Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,437 3.45% 248,000.00 239,149.60 14042TJD0 3.550% 362Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,464 3.55% 248,000.00 240,125.39 61768ELH4 3.500% 361Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,465 3.50% 248,000.00 239,658.80 87164XN93 3.500% 360Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,466 3.50% 248,000.00 239,653.18 02589ADQ2 3.450% 353American Express National Bank 08/12/2022 204,173.37 08/10/2027 1,471 3.56% 205,000.00 197,694.63 3130AT2L0 4.050% 335FHLB 08/30/2022 1,000,000.00 08/25/2027 1,486 4.05% 1,000,000.00 960,120.00 91282CGC9 3.875% 150U.S. Treasury 03/03/2023 617,728.38 12/31/2027 1,614 4.37% 630,000.00 620,008.20 32114VCH8 4.600% 138First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,689 4.60% 248,000.00 251,232.60 61690U3C2 4.800% 137Morgan Stanley Bank 03/16/2023 247,495.31 03/16/2028 1,690 4.85% 248,000.00 253,284.16 062119BK7 4.650% 133Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,694 4.65% 248,000.00 252,104.85 12547CBJ6 4.350% 75CIBC Bank USA 05/17/2023 247,469.68 05/16/2028 1,751 4.40% 248,000.00 248,908.29 05600XQE3 4.500% 75BMO Harris Bank NA 05/17/2023 247,472.05 05/16/2028 1,751 4.55% 248,000.00 250,537.75 3134GYUE0 6.000% 31FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,794 6.00% 1,000,000.00 991,670.00 Net Maturities and Averages 37,081,164.15 620 2.91% 36,028,991.90 37,160,737.63 Run Date: 8/14/2023 - 11:21 AM
Amortizing
22 20
Income Earned Summary
City of Lynwood July 31, 2023
Fiscal Year To DateJuly 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
118,046.42 118,046.42
186,917.13 186,917.13
-245,539.44 -245,539.44
59,424.11 59,424.11
3,700.22 3,700.22
0.00 0.00
63,124.33
63,124.33
Run Date: 8/14/2023 - 11:21 AM
Amortizing
25 21
Income Earned
City of Lynwood July 01, 2023 - July 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
38148PR33 07/06/2023 0.00Goldman Sachs Bank 247,998.13 0.00 3,946.26 4,058.37 0.00 112.11 1.87 113.98 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,980.93 247,990.62 22.42 672.66 44.84 695.08 9.69 704.77 29278TLY4 09/27/2023 248,000.00EnerBank 247,970.93 247,981.06 54.36 407.67 67.95 421.26 10.12 431.38 17312Q3B3 02/27/2024 248,000.00Citibank 247,924.03 247,933.77 2,527.56 0.00 3,159.45 631.89 9.73 641.62 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 1,382.68 0.00 1,772.35 389.67 0.00 389.67 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 291.48 672.66 313.91 695.09 0.00 695.09 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 332.93 0.00 438.25 105.32 0.00 105.32 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 441.64 0.00 652.27 210.63 0.00 210.63 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 3,983.29 4,119.86 569.04 705.61 0.00 705.61 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 1,077.95 1,168.32 109.73 200.10 0.00 200.10 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 129.10 193.64 135.55 200.09 0.00 200.09 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 516.38 968.22 548.66 1,000.50 0.00 1,000.50 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 271.78 1,019.18 305.75 1,053.15 0.00 1,053.15 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 247,546.47 247,556.10 61.83 927.45 92.75 958.37 9.63 968.00 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 4,065.84 4,181.35 600.64 716.15 0.00 716.15 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 4,102.19 4,242.84 586.03 726.68 0.00 726.68 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 3,569.84 0.00 4,317.58 747.74 0.00 747.74 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 3,495.78 0.00 4,232.99 737.21 0.00 737.21 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 3,472.00 0.00 4,209.21 737.21 0.00 737.21 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,155.95 204,173.37 2,732.12 0.00 3,332.79 600.67 17.42 618.09 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 500.08 937.64 531.33 968.89 0.00 968.89 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,486.05 247,495.31 3,489.67 0.00 4,500.69 1,011.02 9.26 1,020.28 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 347.54 947.84 379.13 979.43 0.00 979.43 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,462.71 247,472.05 1,406.47 0.00 2,354.30 947.83 9.35 957.18 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 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 07/03/2023 0.00Royal Bank of Canada, NY 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Commercial Paper - Sub Total
0.00 499,806.17 0.00 0.00 0.00 0.00 0.00 193.83 193.83 Corporate Bonds
90331HNV1 07/24/2023 0.00US Bank 250,050.15 0.00 3,706.94 4,250.00 0.00 543.06 -50.15 492.91 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 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 22
Income Earned
City of Lynwood July 01, 2023 - July 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
46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,628.33 502,368.02 2,416.67 0.00 3,927.08 1,510.41 -260.31 1,250.10 64952WDL4 01/22/2025 250,000.00New York Life 249,719.78 249,735.24 2,208.33 2,500.00 125.00 416.67 15.46 432.13 88579YBH3 02/14/2025 500,000.003M 484,357.86 485,188.18 3,805.56 0.00 4,638.89 833.33 830.32 1,663.65 30231GBH4 03/19/2025 250,000.00Exxon Mobil 258,250.61 257,837.42 2,119.33 0.00 2,742.67 623.34 -413.20 210.14 59217GFC8 08/25/2025 500,000.00MetLife 499,555.09 499,572.89 7,087.50 0.00 8,775.00 1,687.50 17.80 1,705.30 037833BY5 02/23/2026 500,000.00Apple 497,034.19 497,130.66 5,777.78 0.00 7,131.94 1,354.16 96.47 1,450.63 808513BW4 04/01/2027 250,000.00Charles Schwab 249,552.56 249,562.83 2,062.50 0.00 2,750.00 687.50 10.27 697.77 023135CF1 04/13/2027 250,000.00Amazon 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 08/01/2023 9,787,060.32LAIF 9,710,816.80 9,787,060.32 76,243.52 76,243.52 0.00 0.00 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 Money Market Funds
FGTXX 08/01/2023 274,677.31Goldman Sachs Govt MMF 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 Money Market Funds - Sub Total
274,677.31 93,328.79 274,677.31 660.20 660.20 1,428.59 1,428.59 0.00 1,428.59 U.S. Agencies
3130A0XE5 03/08/2024 1,640,000.00FHLB 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 07/01/2024 500,000.00FFCB 499,979.93 499,981.66 4,750.00 4,750.00 791.67 791.67 1.72 793.39 3133ENG20 08/15/2024 1,000,000.00FFCB 999,039.75 999,113.25 12,466.67 0.00 15,216.67 2,750.00 73.50 2,823.50 3133EK3B0 10/16/2024 200,000.00FFCB 199,577.78 199,605.86 625.00 0.00 875.00 250.00 28.09 278.09 3130A4CH3 03/14/2025 500,000.00FHLB 515,890.18 515,087.91 3,529.51 0.00 4,519.10 989.59 -802.27 187.32 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 923.61 0.00 1,131.94 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 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 09/23/2025 500,000.00FHLMC 498,870.00 498,913.63 510.42 0.00 666.67 156.25 43.62 199.87 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 19.03 0.00 589.86 570.83 0.00 570.83 3130AL5A8 02/26/2027 500,000.00FHLB 444,307.10 445,619.01 1,562.50 0.00 1,937.50 375.00 1,311.91 1,686.91 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 2,275.00 0.00 3,900.00 1,625.00 0.00 1,625.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 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 06/28/2028 1,000,000.00FHLMC 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 23
Income Earned
City of Lynwood July 01, 2023 - July 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
912797FA0 10/12/2023 870,000.00U.S. Treasury 0.00 860,789.45 0.00 0.00 0.00 0.00 2,335.07 2,335.07 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,993.63 999,995.06 319.29 0.00 529.89 210.60 1.43 212.03 91282CBV2 04/15/2024 500,000.00U.S. Treasury 498,776.56 498,907.34 394.47 0.00 553.28 158.81 130.78 289.59 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,015,118.33 1,014,215.31 1,270.49 0.00 2,540.98 1,270.49 -903.02 367.47 912828ZT0 05/31/2025 500,000.00U.S. Treasury 495,860.07 496,043.15 105.87 0.00 211.75 105.88 183.08 288.96 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 994,165.26 994,369.87 317.62 0.00 635.25 317.63 204.61 522.24 91282CBH3 01/31/2026 500,000.00U.S. Treasury 497,076.17 497,171.98 782.11 937.50 5.10 160.49 95.81 256.30 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,431.84 1,001,390.20 635.25 0.00 1,270.49 635.24 -41.64 593.60 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,364.51 495,485.47 1,099.73 0.00 1,470.29 370.56 120.96 491.52 91282CGC9 12/31/2027 630,000.00U.S. Treasury 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 37,160,737.63Grand Total 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 24
Realized Gains and Losses
City of Lynwood July 01, 2023 - July 31, 2023
Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Certificates of Deposit
38148PR33 248,000.0007/09/2018 07/06/2023 1,823 248,000.00 0.00 248,000.00 07/06/2023 1,823Goldman Sachs Bank 3.300%
Total Certificates of Deposit 0.00 248,000.00 248,000.00 Commercial Paper
78015DU32 500,000.0010/07/2022 07/03/2023 269 500,000.00 0.00 500,000.00 07/03/2023 269Royal Bank of Canada, NY 0.000%
Total Commercial Paper 0.00 500,000.00 500,000.00
Corporate Bonds
90331HNV1 250,000.0003/01/2019 07/24/2023 1,606 250,000.00 0.00 250,000.00 07/24/2023 1,606US Bank 3.400%
Total Corporate Bonds 0.00 250,000.00 250,000.00
Grand Total 0.00 998,000.00 998,000.00
Run Date: 8/14/2023 - 11:21 AM
Amortizing
29 25
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 26
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 9/30/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 9/30/23 8/31/23 Issuer % Portfolio
Market Value $36,098,466 $36,050,870 LAIF 26.3%
Book Value $37,276,243 $37,218,309 U.S. Treasury 20.1%
Variance -$1,177,777 -$1,167,439 FHLB 18.0%
FFCB 4.6%
Par Value $37,350,355 $37,292,809 FHLMC 4.0%
JPMorgan 1.3%
Net Asset Value $96.84 $96.86 FNMA 1.3%
MetLife 1.3%
Book Yield 3.02% 2.97% Apple 1.3%
Unilever Capital Corp 1.3%
Market Yield 4.85% 4.79% 3M 1.3%
Goldman Sachs Govt MMF 1.2%
Years to Maturity 1.63 1.63 Exxon Mobil 0.7%
Toyota 0.7%
Effective Duration 1.38 1.36 New York Life 0.7%
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%
2.80%
3.00%
3.20%
1.2%
10.0%
14.5%
20.1%
26.3%
27.9%
MMF
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
45.6%
19.3%
12.0% 14.0%
9.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
40.8%
2.0%
4.0%
1.3%
0.7%
48.9%
2.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 27
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 9/30/2023
Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 7,483,804.58 20.08% 100% Yes
US Federal Agencies 10,398,657.49 27.90% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,787,060.32 26.26% 75,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 460,295.00 1.23% 20% Yes
Negotiable Certificates of Deposit 5,410,227.74 14.51% 30% Yes Corporate Obligations 3,736,197.68 10.02% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 37,276,242.81 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.63 Less than 3.0 Years Yes
Liquidity 45.61% 30% Under 365 Days Yes
Ratings Yes
3 28
Portfolio Summary
City of Lynwood September 30, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,413,000.00 5,410,227.74 14.51 3.33 1,185 5,134,238.39 Corporate Bonds 3,750,000.00 3,736,197.68 10.02 3.48 792 3,614,455.00 LAIF 9,787,060.32 9,787,060.32 26.26 3.55 1 9,787,060.32 Money Market Funds 460,295.00 460,295.00 1.23 5.23 1 460,295.00 U.S. Agencies 10,440,000.00 10,398,657.49 27.90 3.23 796 10,023,973.00 U.S. Treasuries 7,500,000.00 7,483,804.58 20.08 1.46 612 7,078,444.00 37,276,242.81 100.00 596 36,098,465.71 3.02 37,350,355.32 Investments
September 30 Month Ending Fiscal Year To DateTotal Earnings 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
15 29
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.4102/27/2024 -2,459.74 NR 0.41 713.42 3.05% 247,952.91 5.67%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.9609/13/2024 -8,796.03 NR 0.94 226.26 1.85% 248,000.00 5.72%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.8808/18/2025 -10,115.75 NR 1.81 291.48 3.30% 248,000.00 5.60%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.9909/25/2025 -23,545.47 NR 1.98 20.38 0.50% 248,000.00 5.62%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.5804/27/2026 -26,407.85 NR 2.53 1,066.74 1.00% 248,000.00 5.49%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.7707/07/2026 -13,123.48 NR 2.61 1,957.50 3.35% 248,000.00 5.43%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.7907/15/2026 -28,586.85 NR 2.75 503.47 0.95% 248,000.00 5.46%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.8708/11/2026 -29,426.30 NR 2.82 129.10 0.95% 248,000.00 5.45%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.9609/15/2026 -4,403.36 NR 2.73 516.38 4.75% 248,000.00 5.40%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.9809/23/2026 -2,696.22 NR 2.74 271.78 5.00% 248,000.00 5.40%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.7506/29/2027 -5,764.89 NR 3.38 61.83 4.60% 247,575.05 5.29%4.550% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.7707/06/2027 -15,840.19 NR 3.48 2,009.82 3.40% 248,000.00 5.29%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.7707/07/2027 -15,425.87 NR 3.48 2,015.93 3.45% 248,000.00 5.29%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.8408/03/2027 -14,764.11 NR 3.55 1,423.11 3.55% 248,000.00 5.28%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.8508/04/2027 -14,056.64 NR 3.55 1,379.29 3.50% 248,000.00 5.14%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.8508/05/2027 -15,169.98 NR 3.56 1,355.51 3.50% 248,000.00 5.28%3.500% 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.8608/10/2027 -12,128.99 NR 3.57 1,007.59 3.56% 204,207.65 5.28%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.4603/15/2028 -6,641.86 NR 3.99 500.08 4.60% 248,000.00 5.28%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.4603/16/2028 -4,147.98 NR 3.97 489.21 4.85% 247,513.53 5.27%4.800% Run Date: 10/6/2023 - 11:32 AM
Amortizing
16 30
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.4703/20/2028 -6,172.23 NR 3.99 347.54 4.65% 248,000.00 5.28%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.6305/16/2028 -8,913.63 NR 4.09 4,078.75 4.40% 247,488.15 5.29%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.6305/16/2028 -7,401.90 NR 4.07 4,219.40 4.55% 247,490.45 5.29%4.500% 5,409,299.08 5,134,238.39 14.51% 3.25
5,410,227.74 3.33% 5,413,000.00 5.39% 24,584.57 -275,989.32 2.99Total Certificates of Deposit Corporate Bonds
89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 99.43 248,580.00 0.67% A1/A+ 0.2701/08/2024 -1,618.52 A+ 0.26 1,930.90 3.03% 250,198.52 5.43%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 0.6205/13/2024 -8,342.58 AA- 0.58 6,947.92 2.97% 501,872.58 5.77%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 1.3201/22/2025 -11,552.16 AAA 1.25 958.33 2.08% 249,764.66 5.78%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 1.3802/14/2025 -12,678.46 NR 1.31 1,305.56 4.04% 486,768.46 5.99%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 1.4703/19/2025 -15,628.51 NR 1.39 249.33 0.99% 257,051.01 5.45%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 1.9008/25/2025 -16,136.76 AA- 1.78 2,025.00 4.09% 499,606.76 5.91%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 2.4002/23/2026 -19,479.27 NR 2.21 1,715.28 3.49% 497,314.27 5.24%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.5004/01/2027 -20,312.37 A 3.20 4,125.00 3.35% 249,582.37 5.96%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 94.16 235,390.00 0.67% A1/AA 3.5404/13/2027 -13,153.79 AA- 3.19 3,850.00 3.48% 248,543.79 5.13%3.300% 904764BS5 500,000.00Unilever Capital Corp 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.9509/08/2028 -2,840.27 A 4.27 1,557.29 5.08% 495,495.27 5.22%4.875% 3,755,377.50 3,614,455.00 10.02% 2.17
3,736,197.68 3.48% 3,750,000.00 5.60% 24,664.61 -121,742.69 1.97Total Corporate Bonds LAIF
Run Date: 10/6/2023 - 11:32 AM
Amortizing
17 31
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
LAIF
9819499 9,787,060.32LAIF 07/14/2023 9,787,060.32 1.00 9,787,060.32 26.26% NR/NR 0.0010/01/2023
0.00 NR 0.00 0.00 3.55% 9,787,060.32 3.55%3.550%
9,787,060.32 9,787,060.32 26.26% 0.00
9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 460,295.00Goldman Sachs Govt MMF 460,295.00 1.00 460,295.00 1.23% Aaa/AAA 0.0010/01/2023
0.00 NR 0.00 2,454.70 5.23% 460,295.00 5.23%5.233%
460,295.00 460,295.00 1.23% 0.00
460,295.00 5.23% 460,295.00 5.23% 2,454.70 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.4403/08/2024 -15,076.56 AAA 0.42 3,405.28 3.38% 1,639,086.56 5.51%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.7507/01/2024 -13,574.94 AAA 0.72 2,375.00 1.90% 499,984.94 5.63%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.8808/15/2024 -17,293.14 AAA 0.84 4,216.67 3.39% 999,253.14 5.43%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.0510/16/2024 -7,565.32 AAA 1.00 1,375.00 1.67% 199,659.32 5.44%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.4503/14/2025 -33,986.00 AAA 1.39 560.76 0.49% 513,561.00 5.33%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.8708/12/2025 -41,035.00 AAA 1.82 298.61 0.50% 500,000.00 5.17%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.9108/28/2025 -51,180.00 AAA 1.59 7,333.33 4.00% 2,000,000.00 5.43%4.000% 11/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.9809/23/2025 -43,096.65 AAA 1.92 41.67 0.48% 498,996.65 5.11%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.2512/30/2026 -55,095.00 AAA 3.08 1,731.53 1.37% 500,000.00 5.09%1.370% 12/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.4102/26/2027 -13,325.88 AAA 3.26 437.50 4.25% 448,115.88 5.12%0.900% 11/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.6405/19/2027 -26,346.00 AAA 2.40 7,150.00 3.25% 600,000.00 4.57%3.250% 11/19/2023 Run Date: 10/6/2023 - 11:32 AM
Amortizing
18 32
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 3.9008/25/2027 -45,700.00 AAA 2.75 4,050.00 4.05% 1,000,000.00 5.36%4.050% 11/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 4.7506/28/2028 -11,410.00 AAA 0.94 15,166.67 6.00% 1,000,000.00 6.28%6.000% 10/28/2023 10,410,530.60 10,023,973.00 27.90% 2.18
10,398,657.49 3.23% 10,440,000.00 5.42% 48,142.02 -374,684.49 1.54Total U.S. Agencies U.S. Treasuries
912797FA0 870,000.00U.S. Treasury 07/13/2023 858,454.38 99.85 868,729.80 2.33% P-1/A-1+ 0.0310/12/2023 286.51 F1+ 0.04 0.00 5.41% 868,443.29 4.45%0.000%
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.1311/15/2023 -6,187.88 AAA 0.12 944.29 0.25% 999,997.88 5.23%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.5404/15/2024 -12,444.69 AAA 0.52 865.78 0.69% 499,164.69 5.42%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.68 956,760.00 2.72% Aaa/AA+ 1.1711/30/2024 -55,678.40 AAA 1.12 5,040.98 0.43% 1,012,438.40 5.37%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 1.6705/31/2025 -35,348.40 AAA 1.61 420.08 0.69% 496,403.40 5.19%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 2.1711/30/2025 -88,562.50 AAA 2.10 1,260.25 0.62% 994,772.50 5.00%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 2.3401/31/2026 -47,225.51 AAA 2.26 315.90 0.60% 497,360.51 4.95%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.81 898,130.00 2.69% Aaa/AA+ 2.6705/31/2026 -103,178.26 AAA 2.56 2,520.49 0.70% 1,001,308.26 4.87%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 3.0009/30/2026 -49,513.49 AAA 2.88 11.95 1.17% 495,723.49 4.77%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 4.2512/31/2027 -7,507.97 AAA 3.81 6,169.46 4.37% 618,192.17 4.68%3.875% 7,477,854.77 7,078,444.00 20.08% 1.68
7,483,804.58 1.46% 7,500,000.00 4.99% 17,549.18 -405,360.59 1.59Total U.S. Treasuries Run Date: 10/6/2023 - 11:32 AM
Amortizing
19 33
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
37,300,417.27 36,098,465.71 100.00% 1.63
117,395.08 -1,177,777.09 1.38 4.85% 37,276,242.81 3.02% 37,350,355.32TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM
Amortizing
20 34
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.233% 1Goldman Sachs Govt MMF 460,295.00 10/01/2023 1 5.23% 460,295.00 460,295.00 9819499 3.550% 1LAIF 05/18/2020 9,787,060.32 10/01/2023 1 3.55% 9,787,060.32 9,787,060.32 912797FA0 0.000% 79U.S. Treasury 07/13/2023 868,443.29 10/12/2023 12 5.41% 870,000.00 868,729.80 91282CAW1 0.250% 800U.S. Treasury 07/22/2021 999,997.88 11/15/2023 46 0.25% 1,000,000.00 993,810.00 89236TFS9 3.350% 1,675Toyota Motor Credit 02/28/2019 250,198.52 01/08/2024 100 3.03% 250,000.00 248,580.00 17312Q3B3 3.000% 1,675Citibank 02/28/2019 247,952.91 02/27/2024 150 3.05% 248,000.00 245,493.17 3130A0XE5 3.250% 404FHLB 08/22/2022 1,639,086.56 03/08/2024 160 3.38% 1,640,000.00 1,624,010.00 91282CBV2 0.375% 677U.S. Treasury 11/22/2021 499,164.69 04/15/2024 198 0.69% 500,000.00 486,720.00 46625HJX9 3.625% 1,601JPMorgan Chase & Co 05/13/2019 501,872.58 05/13/2024 226 2.97% 500,000.00 493,530.00 3133EKTV8 1.900% 1,551FFCB 07/02/2019 499,984.94 07/01/2024 275 1.90% 500,000.00 486,410.00 3133ENG20 3.300% 408FFCB 08/18/2022 999,253.14 08/15/2024 320 3.39% 1,000,000.00 981,960.00 32100LCB9 1.850% 1,478First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 349 1.85% 248,000.00 239,203.97 3133EK3B0 1.500% 1,444FFCB 10/17/2019 199,659.32 10/16/2024 382 1.67% 200,000.00 192,094.00 912828YV6 1.500% 800U.S. Treasury 07/22/2021 1,012,438.40 11/30/2024 427 0.43% 1,000,000.00 956,760.00 64952WDL4 2.000% 1,347New York Life 01/22/2020 249,764.66 01/22/2025 480 2.08% 250,000.00 238,212.50 88579YBH3 2.000% 3883M 09/07/2022 486,768.46 02/14/2025 503 4.04% 500,000.00 474,090.00 3130A4CH3 2.375% 1,088FHLB 10/07/2020 513,561.00 03/14/2025 531 0.49% 500,000.00 479,575.00 30231GBH4 2.992% 1,195Exxon Mobil 06/22/2020 257,051.01 03/19/2025 536 0.99% 250,000.00 241,422.50 912828ZT0 0.250% 823U.S. Treasury 06/29/2021 496,403.40 05/31/2025 609 0.69% 500,000.00 461,055.00 3136G4H71 0.500% 1,138FNMA 08/18/2020 500,000.00 08/12/2025 682 0.50% 500,000.00 458,965.00 27002YFE1 3.300% 408EagleBank 08/18/2022 248,000.00 08/18/2025 688 3.30% 248,000.00 237,884.25 59217GFC8 4.050% 401MetLife 08/25/2022 499,606.76 08/25/2025 695 4.09% 500,000.00 483,470.00 3130ASYR4 4.000% 396FHLB 08/30/2022 2,000,000.00 08/28/2025 698 4.00% 2,000,000.00 1,948,820.00 3137EAEX3 0.375% 1,075FHLMC 10/20/2020 498,996.65 09/23/2025 724 0.48% 500,000.00 455,900.00 05580AXF6 0.500% 1,100BMW Bank 09/25/2020 248,000.00 09/25/2025 726 0.50% 248,000.00 224,454.53 91282CAZ4 0.375% 800U.S. Treasury 07/22/2021 994,772.50 11/30/2025 792 0.62% 1,000,000.00 906,210.00 91282CBH3 0.375% 947U.S. Treasury 02/25/2021 497,360.51 01/31/2026 854 0.60% 500,000.00 450,135.00 037833BY5 3.250% 401Apple 08/25/2022 497,314.27 02/23/2026 877 3.49% 500,000.00 477,835.00 856283S98 1.000% 886State Bank of India 04/27/2021 248,000.00 04/27/2026 940 1.00% 248,000.00 221,592.15 91282CCF6 0.750% 800U.S. Treasury 07/22/2021 1,001,308.26 05/31/2026 974 0.70% 1,000,000.00 898,130.00 02007GUP6 3.350% 450Ally Bank 07/07/2022 248,000.00 07/07/2026 1,011 3.35% 248,000.00 234,876.52 89235MLC3 0.950% 807Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,019 0.95% 248,000.00 219,413.15 90348JR93 0.950% 780UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,046 0.95% 248,000.00 218,573.70 15721UFP9 4.750% 199CFBank 03/15/2023 248,000.00 09/15/2026 1,081 4.75% 248,000.00 243,596.64 32117BFR4 5.000% 191First National Bank 03/23/2023 248,000.00 09/23/2026 1,089 5.00% 248,000.00 245,303.78 91282CCZ2 0.875% 711U.S. Treasury 10/19/2021 495,723.49 09/30/2026 1,096 1.17% 500,000.00 446,210.00 Run Date: 10/6/2023 - 11:32 AM
Amortizing
21 35
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
3130AQEC3 1.370% 639FHLB 12/30/2021 500,000.00 12/30/2026 1,187 1.37% 500,000.00 444,905.00 3130AL5A8 0.900% 233FHLB 02/09/2023 448,115.88 02/26/2027 1,245 4.25% 500,000.00 434,790.00 808513BW4 3.300% 536Charles Schwab 04/12/2022 249,582.37 04/01/2027 1,279 3.35% 250,000.00 229,270.00 023135CF1 3.300% 478Amazon 06/09/2022 248,543.79 04/13/2027 1,291 3.48% 250,000.00 235,390.00 3130ARTT8 3.250% 499FHLB 05/19/2022 600,000.00 05/19/2027 1,327 3.25% 600,000.00 573,654.00 910286GM9 4.550% 93United Fidelity Bank FSB 06/29/2023 247,575.05 06/29/2027 1,368 4.60% 248,000.00 241,810.16 254673L38 3.400% 450Discover Bank 07/07/2022 248,000.00 07/06/2027 1,375 3.40% 248,000.00 232,159.81 14042RST9 3.450% 450Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,376 3.45% 248,000.00 232,574.13 14042TJD0 3.550% 423Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,403 3.55% 248,000.00 233,235.89 61768ELH4 3.500% 422Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,404 3.50% 248,000.00 233,943.36 87164XN93 3.500% 421Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,405 3.50% 248,000.00 232,830.02 02589ADQ2 3.450% 414American Express National Bank 08/12/2022 204,207.65 08/10/2027 1,410 3.56% 205,000.00 192,078.66 3130AT2L0 4.050% 396FHLB 08/30/2022 1,000,000.00 08/25/2027 1,425 4.05% 1,000,000.00 954,300.00 91282CGC9 3.875% 211U.S. Treasury 03/03/2023 618,192.17 12/31/2027 1,553 4.37% 630,000.00 610,684.20 32114VCH8 4.600% 199First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,628 4.60% 248,000.00 241,358.14 61690U3C2 4.800% 198Morgan Stanley Bank 03/16/2023 247,513.53 03/16/2028 1,629 4.85% 248,000.00 243,365.55 062119BK7 4.650% 194Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,633 4.65% 248,000.00 241,827.77 12547CBJ6 4.350% 136CIBC Bank USA 05/17/2023 247,488.15 05/16/2028 1,690 4.40% 248,000.00 238,574.52 05600XQE3 4.500% 136BMO Harris Bank NA 05/17/2023 247,490.45 05/16/2028 1,690 4.55% 248,000.00 240,088.54 3134GYUE0 6.000% 92FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,733 6.00% 1,000,000.00 988,590.00 904764BS5 4.875% 8Unilever Capital Corp 09/22/2023 495,495.27 09/08/2028 1,805 5.08% 500,000.00 492,655.00 Net Maturities and Averages 37,276,242.81 596 3.02% 36,098,465.71 37,350,355.32 Run Date: 10/6/2023 - 11:32 AM
Amortizing
22 36
Income Earned Summary
City of Lynwood September 30, 2023
Fiscal Year To DateSeptember 30 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
53,021.16 303,139.11
117,395.08 117,395.08
-113,626.98 -245,539.44
56,789.26 174,994.75
4,912.58 13,686.18
0.00 0.00
61,701.84
188,680.93
Run Date: 10/6/2023 - 11:32 AM
Amortizing
25 37
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
29278TLY4 09/27/2023 0.00EnerBank 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 02/27/2024 248,000.00Citibank 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 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 01/08/2024 250,000.00Toyota Motor Credit 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 01/22/2025 250,000.00New York Life 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 02/14/2025 500,000.003M 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 03/19/2025 250,000.00Exxon Mobil 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 08/25/2025 500,000.00MetLife 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 04/01/2027 250,000.00Charles Schwab 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
26 38
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
023135CF1 04/13/2027 250,000.00Amazon 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764BS5 09/08/2028 500,000.00Unilever Capital Corp 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 3,736,197.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF
9819499 10/01/2023 9,787,060.32LAIF 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 10/01/2023 460,295.00Goldman Sachs Govt MMF 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 03/08/2024 1,640,000.00FHLB 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 07/01/2024 500,000.00FFCB 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 09/23/2025 500,000.00FHLMC 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 02/26/2027 500,000.00FHLB 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 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 3134GYUE0 06/28/2028 1,000,000.00FHLMC 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 10/12/2023 870,000.00U.S. Treasury 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 04/15/2024 500,000.00U.S. Treasury 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 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
27 39
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
912828ZT0 05/31/2025 500,000.00U.S. Treasury 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 01/31/2026 500,000.00U.S. Treasury 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 12/31/2027 630,000.00U.S. Treasury 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 37,350,355.32Grand Total 37,218,309.07 37,276,242.81 113,626.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM
Amortizing
28 40
Realized Gains and Losses
City of Lynwood September 01, 2023 - September 30, 2023 Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Certificates of Deposit
29278TLY4 248,000.0009/30/2019 09/27/2023 1,458 248,000.00 0.00 248,000.00 09/27/2023 1,458EnerBank 2.000%
Total Certificates of Deposit 0.00 248,000.00 248,000.00 Grand Total 0.00 248,000.00 248,000.00
Run Date: 10/6/2023 - 11:32 AM
Amortizing
29 41
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 - - 1,488.43 - - 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 - - 26,650.00 - - 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 200.10 - - 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,312.85 - - 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 1,000.49 - - 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 - - 968.90 - - 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 - - 6,000.92 - - 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 - - 695.08 - - 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 979.43 - - 09/22/2023 Purchase 904764BS5 UNANA 4 7/8 09/08/28 09/08/2028 -495,475.00 - -947.92 - - 09/25/2023
Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 625.10 - - 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,053.15 - - 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 421.26 - - 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 - 248,000.00 - - - 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 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
30 42
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 2
Portfolio Summary
City of Lynwood 9/30/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 9/30/23 8/31/23 Issuer % Portfolio
Market Value $36,098,466 $36,050,870 LAIF 26.3%
Book Value $37,276,243 $37,218,309 U.S. Treasury 20.1%
Variance -$1,177,777 -$1,167,439 FHLB 18.0%
FFCB 4.6%
Par Value $37,350,355 $37,292,809 FHLMC 4.0%
JPMorgan 1.3%
Net Asset Value $96.84 $96.86 FNMA 1.3%
MetLife 1.3%
Book Yield 3.02% 2.97% Apple 1.3%
Unilever Capital Corp 1.3%
Market Yield 4.85% 4.79% 3M 1.3%
Goldman Sachs Govt MMF 1.2%
Years to Maturity 1.63 1.63 Exxon Mobil 0.7%
Toyota 0.7%
Effective Duration 1.38 1.36 New York Life 0.7%
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%
2.80%
3.00%
3.20%
1.2%
10.0%
14.5%
20.1%
26.3%
27.9%
MMF
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%
45.6%
19.3%
12.0% 14.0%
9.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
40.8%
2.0%
4.0%
1.3%
0.7%
48.9%
2.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 43
Run Date: 10/6/2023 - 11:26 AM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 9/30/2023
Category Book Value % of Portfolio % Allowed by Policy In ComplianceReserved row US Treasuries 7,483,804.58 20.08% 100% Yes
US Federal Agencies 10,398,657.49 27.90% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,787,060.32 26.26% 75,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 460,295.00 1.23% 20% Yes
Negotiable Certificates of Deposit 5,410,227.74 14.51% 30% Yes Corporate Obligations 3,736,197.68 10.02% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 37,276,242.81 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.63 Less than 3.0 Years Yes
Liquidity 45.61% 30% Under 365 Days Yes
Ratings Yes
3 44
Portfolio Summary
City of Lynwood September 30, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,413,000.00 5,410,227.74 14.51 3.33 1,185 5,134,238.39 Corporate Bonds 3,750,000.00 3,736,197.68 10.02 3.48 792 3,614,455.00 LAIF 9,787,060.32 9,787,060.32 26.26 3.55 1 9,787,060.32 Money Market Funds 460,295.00 460,295.00 1.23 5.23 1 460,295.00 U.S. Agencies 10,440,000.00 10,398,657.49 27.90 3.23 796 10,023,973.00 U.S. Treasuries 7,500,000.00 7,483,804.58 20.08 1.46 612 7,078,444.00 37,276,242.81 100.00 596 36,098,465.71 3.02 37,350,355.32 Investments
September 30 Month Ending Fiscal Year To DateTotal Earnings 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
15 45
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.99 245,493.17 0.67% NR/NR 0.4102/27/2024 -2,459.74 NR 0.41 713.42 3.05% 247,952.91 5.67%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 96.45 239,203.97 0.67% NR/NR 0.9609/13/2024 -8,796.03 NR 0.94 226.26 1.85% 248,000.00 5.72%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 95.92 237,884.25 0.67% NR/NR 1.8808/18/2025 -10,115.75 NR 1.81 291.48 3.30% 248,000.00 5.60%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.51 224,454.53 0.67% NR/NR 1.9909/25/2025 -23,545.47 NR 1.98 20.38 0.50% 248,000.00 5.62%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 89.35 221,592.15 0.67% NR/NR 2.5804/27/2026 -26,407.85 NR 2.53 1,066.74 1.00% 248,000.00 5.49%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 94.71 234,876.52 0.67% NR/NR 2.7707/07/2026 -13,123.48 NR 2.61 1,957.50 3.35% 248,000.00 5.43%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 88.47 219,413.15 0.67% NR/NR 2.7907/15/2026 -28,586.85 NR 2.75 503.47 0.95% 248,000.00 5.46%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 88.13 218,573.70 0.67% NR/NR 2.8708/11/2026 -29,426.30 NR 2.82 129.10 0.95% 248,000.00 5.45%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 98.22 243,596.64 0.67% NR/NR 2.9609/15/2026 -4,403.36 NR 2.73 516.38 4.75% 248,000.00 5.40%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 98.91 245,303.78 0.67% NR/NR 2.9809/23/2026 -2,696.22 NR 2.74 271.78 5.00% 248,000.00 5.40%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 97.50 241,810.16 0.66% NR/NR 3.7506/29/2027 -5,764.89 NR 3.38 61.83 4.60% 247,575.05 5.29%4.550% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 93.61 232,159.81 0.67% NR/NR 3.7707/06/2027 -15,840.19 NR 3.48 2,009.82 3.40% 248,000.00 5.29%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 93.78 232,574.13 0.67% NR/NR 3.7707/07/2027 -15,425.87 NR 3.48 2,015.93 3.45% 248,000.00 5.29%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 94.05 233,235.89 0.67% NR/NR 3.8408/03/2027 -14,764.11 NR 3.55 1,423.11 3.55% 248,000.00 5.28%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 94.33 233,943.36 0.67% NR/NR 3.8508/04/2027 -14,056.64 NR 3.55 1,379.29 3.50% 248,000.00 5.14%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 93.88 232,830.02 0.67% NR/NR 3.8508/05/2027 -15,169.98 NR 3.56 1,355.51 3.50% 248,000.00 5.28%3.500% 02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 93.70 192,078.66 0.55% NR/NR 3.8608/10/2027 -12,128.99 NR 3.57 1,007.59 3.56% 204,207.65 5.28%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 97.32 241,358.14 0.67% NR/NR 4.4603/15/2028 -6,641.86 NR 3.99 500.08 4.60% 248,000.00 5.28%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 98.13 243,365.55 0.66% NR/NR 4.4603/16/2028 -4,147.98 NR 3.97 489.21 4.85% 247,513.53 5.27%4.800% Run Date: 10/6/2023 - 11:32 AM
Amortizing
16 46
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 97.51 241,827.77 0.67% NR/NR 4.4703/20/2028 -6,172.23 NR 3.99 347.54 4.65% 248,000.00 5.28%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 96.20 238,574.52 0.66% NR/NR 4.6305/16/2028 -8,913.63 NR 4.09 4,078.75 4.40% 247,488.15 5.29%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 96.81 240,088.54 0.66% NR/NR 4.6305/16/2028 -7,401.90 NR 4.07 4,219.40 4.55% 247,490.45 5.29%4.500% 5,409,299.08 5,134,238.39 14.51% 3.25
5,410,227.74 3.33% 5,413,000.00 5.39% 24,584.57 -275,989.32 2.99Total Certificates of Deposit Corporate Bonds
89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 99.43 248,580.00 0.67% A1/A+ 0.2701/08/2024 -1,618.52 A+ 0.26 1,930.90 3.03% 250,198.52 5.43%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.71 493,530.00 1.35% A1/A- 0.6205/13/2024 -8,342.58 AA- 0.58 6,947.92 2.97% 501,872.58 5.77%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.29 238,212.50 0.67% Aaa/AA+ 1.3201/22/2025 -11,552.16 AAA 1.25 958.33 2.08% 249,764.66 5.78%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.82 474,090.00 1.31% A2/BBB+ 1.3802/14/2025 -12,678.46 NR 1.31 1,305.56 4.04% 486,768.46 5.99%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.57 241,422.50 0.69% Aa2/AA- 1.4703/19/2025 -15,628.51 NR 1.39 249.33 0.99% 257,051.01 5.45%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.69 483,470.00 1.34% Aa3/AA- 1.9008/25/2025 -16,136.76 AA- 1.78 2,025.00 4.09% 499,606.76 5.91%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 95.57 477,835.00 1.33% Aaa/AA+ 2.4002/23/2026 -19,479.27 NR 2.21 1,715.28 3.49% 497,314.27 5.24%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 91.71 229,270.00 0.67% A2/A- 3.5004/01/2027 -20,312.37 A 3.20 4,125.00 3.35% 249,582.37 5.96%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 94.16 235,390.00 0.67% A1/AA 3.5404/13/2027 -13,153.79 AA- 3.19 3,850.00 3.48% 248,543.79 5.13%3.300% 904764BS5 500,000.00Unilever Capital Corp 09/22/2023 495,475.00 98.53 492,655.00 1.33% A1/A+ 4.9509/08/2028 -2,840.27 A 4.27 1,557.29 5.08% 495,495.27 5.22%4.875% 3,755,377.50 3,614,455.00 10.02% 2.17
3,736,197.68 3.48% 3,750,000.00 5.60% 24,664.61 -121,742.69 1.97Total Corporate Bonds LAIF
Run Date: 10/6/2023 - 11:32 AM
Amortizing
17 47
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
LAIF
9819499 9,787,060.32LAIF 07/14/2023 9,787,060.32 1.00 9,787,060.32 26.26% NR/NR 0.0010/01/2023
0.00 NR 0.00 0.00 3.55% 9,787,060.32 3.55%3.550%
9,787,060.32 9,787,060.32 26.26% 0.00
9,787,060.32 3.55% 9,787,060.32 3.55% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 460,295.00Goldman Sachs Govt MMF 460,295.00 1.00 460,295.00 1.23% Aaa/AAA 0.0010/01/2023
0.00 NR 0.00 2,454.70 5.23% 460,295.00 5.23%5.233%
460,295.00 460,295.00 1.23% 0.00
460,295.00 5.23% 460,295.00 5.23% 2,454.70 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 99.03 1,624,010.00 4.40% Aaa/AA+ 0.4403/08/2024 -15,076.56 AAA 0.42 3,405.28 3.38% 1,639,086.56 5.51%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 97.28 486,410.00 1.34% Aaa/AA+ 0.7507/01/2024 -13,574.94 AAA 0.72 2,375.00 1.90% 499,984.94 5.63%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.20 981,960.00 2.68% Aaa/AA+ 0.8808/15/2024 -17,293.14 AAA 0.84 4,216.67 3.39% 999,253.14 5.43%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 96.05 192,094.00 0.54% Aaa/AA+ 1.0510/16/2024 -7,565.32 AAA 1.00 1,375.00 1.67% 199,659.32 5.44%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.92 479,575.00 1.38% Aaa/AA+ 1.4503/14/2025 -33,986.00 AAA 1.39 560.76 0.49% 513,561.00 5.33%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.79 458,965.00 1.34% Aaa/AA+ 1.8708/12/2025 -41,035.00 AAA 1.82 298.61 0.50% 500,000.00 5.17%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.44 1,948,820.00 5.37% Aaa/AA+ 1.9108/28/2025 -51,180.00 AAA 1.59 7,333.33 4.00% 2,000,000.00 5.43%4.000% 11/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 91.18 455,900.00 1.34% Aaa/AA+ 1.9809/23/2025 -43,096.65 AAA 1.92 41.67 0.48% 498,996.65 5.11%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 88.98 444,905.00 1.34% Aaa/AA+ 3.2512/30/2026 -55,095.00 AAA 3.08 1,731.53 1.37% 500,000.00 5.09%1.370% 12/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 86.96 434,790.00 1.20% Aaa/AA+ 3.4102/26/2027 -13,325.88 AAA 3.26 437.50 4.25% 448,115.88 5.12%0.900% 11/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 95.61 573,654.00 1.61% Aaa/AA+ 3.6405/19/2027 -26,346.00 AAA 2.40 7,150.00 3.25% 600,000.00 4.57%3.250% 11/19/2023 Run Date: 10/6/2023 - 11:32 AM
Amortizing
18 48
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 95.43 954,300.00 2.68% Aaa/AA+ 3.9008/25/2027 -45,700.00 AAA 2.75 4,050.00 4.05% 1,000,000.00 5.36%4.050% 11/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 98.86 988,590.00 2.68% Aaa/AA+ 4.7506/28/2028 -11,410.00 AAA 0.94 15,166.67 6.00% 1,000,000.00 6.28%6.000% 10/28/2023 10,410,530.60 10,023,973.00 27.90% 2.18
10,398,657.49 3.23% 10,440,000.00 5.42% 48,142.02 -374,684.49 1.54Total U.S. Agencies U.S. Treasuries
912797FA0 870,000.00U.S. Treasury 07/13/2023 858,454.38 99.85 868,729.80 2.33% P-1/A-1+ 0.0310/12/2023 286.51 F1+ 0.04 0.00 5.41% 868,443.29 4.45%0.000%
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 99.38 993,810.00 2.68% Aaa/AA+ 0.1311/15/2023 -6,187.88 AAA 0.12 944.29 0.25% 999,997.88 5.23%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 97.34 486,720.00 1.34% Aaa/AA+ 0.5404/15/2024 -12,444.69 AAA 0.52 865.78 0.69% 499,164.69 5.42%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.68 956,760.00 2.72% Aaa/AA+ 1.1711/30/2024 -55,678.40 AAA 1.12 5,040.98 0.43% 1,012,438.40 5.37%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 92.21 461,055.00 1.33% Aaa/AA+ 1.6705/31/2025 -35,348.40 AAA 1.61 420.08 0.69% 496,403.40 5.19%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.62 906,210.00 2.67% Aaa/AA+ 2.1711/30/2025 -88,562.50 AAA 2.10 1,260.25 0.62% 994,772.50 5.00%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 90.03 450,135.00 1.33% Aaa/AA+ 2.3401/31/2026 -47,225.51 AAA 2.26 315.90 0.60% 497,360.51 4.95%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.81 898,130.00 2.69% Aaa/AA+ 2.6705/31/2026 -103,178.26 AAA 2.56 2,520.49 0.70% 1,001,308.26 4.87%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.24 446,210.00 1.33% Aaa/AA+ 3.0009/30/2026 -49,513.49 AAA 2.88 11.95 1.17% 495,723.49 4.77%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 96.93 610,684.20 1.66% Aaa/AA+ 4.2512/31/2027 -7,507.97 AAA 3.81 6,169.46 4.37% 618,192.17 4.68%3.875% 7,477,854.77 7,078,444.00 20.08% 1.68
7,483,804.58 1.46% 7,500,000.00 4.99% 17,549.18 -405,360.59 1.59Total U.S. Treasuries Run Date: 10/6/2023 - 11:32 AM
Amortizing
19 49
Holdings Report
City of Lynwood September 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
37,300,417.27 36,098,465.71 100.00% 1.63
117,395.08 -1,177,777.09 1.38 4.85% 37,276,242.81 3.02% 37,350,355.32TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,215,860.79 Run Date: 10/6/2023 - 11:32 AM
Amortizing
20 50
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.233% 1Goldman Sachs Govt MMF 460,295.00 10/01/2023 1 5.23% 460,295.00 460,295.00 9819499 3.550% 1LAIF 05/18/2020 9,787,060.32 10/01/2023 1 3.55% 9,787,060.32 9,787,060.32 912797FA0 0.000% 79U.S. Treasury 07/13/2023 868,443.29 10/12/2023 12 5.41% 870,000.00 868,729.80 91282CAW1 0.250% 800U.S. Treasury 07/22/2021 999,997.88 11/15/2023 46 0.25% 1,000,000.00 993,810.00 89236TFS9 3.350% 1,675Toyota Motor Credit 02/28/2019 250,198.52 01/08/2024 100 3.03% 250,000.00 248,580.00 17312Q3B3 3.000% 1,675Citibank 02/28/2019 247,952.91 02/27/2024 150 3.05% 248,000.00 245,493.17 3130A0XE5 3.250% 404FHLB 08/22/2022 1,639,086.56 03/08/2024 160 3.38% 1,640,000.00 1,624,010.00 91282CBV2 0.375% 677U.S. Treasury 11/22/2021 499,164.69 04/15/2024 198 0.69% 500,000.00 486,720.00 46625HJX9 3.625% 1,601JPMorgan Chase & Co 05/13/2019 501,872.58 05/13/2024 226 2.97% 500,000.00 493,530.00 3133EKTV8 1.900% 1,551FFCB 07/02/2019 499,984.94 07/01/2024 275 1.90% 500,000.00 486,410.00 3133ENG20 3.300% 408FFCB 08/18/2022 999,253.14 08/15/2024 320 3.39% 1,000,000.00 981,960.00 32100LCB9 1.850% 1,478First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 349 1.85% 248,000.00 239,203.97 3133EK3B0 1.500% 1,444FFCB 10/17/2019 199,659.32 10/16/2024 382 1.67% 200,000.00 192,094.00 912828YV6 1.500% 800U.S. Treasury 07/22/2021 1,012,438.40 11/30/2024 427 0.43% 1,000,000.00 956,760.00 64952WDL4 2.000% 1,347New York Life 01/22/2020 249,764.66 01/22/2025 480 2.08% 250,000.00 238,212.50 88579YBH3 2.000% 3883M 09/07/2022 486,768.46 02/14/2025 503 4.04% 500,000.00 474,090.00 3130A4CH3 2.375% 1,088FHLB 10/07/2020 513,561.00 03/14/2025 531 0.49% 500,000.00 479,575.00 30231GBH4 2.992% 1,195Exxon Mobil 06/22/2020 257,051.01 03/19/2025 536 0.99% 250,000.00 241,422.50 912828ZT0 0.250% 823U.S. Treasury 06/29/2021 496,403.40 05/31/2025 609 0.69% 500,000.00 461,055.00 3136G4H71 0.500% 1,138FNMA 08/18/2020 500,000.00 08/12/2025 682 0.50% 500,000.00 458,965.00 27002YFE1 3.300% 408EagleBank 08/18/2022 248,000.00 08/18/2025 688 3.30% 248,000.00 237,884.25 59217GFC8 4.050% 401MetLife 08/25/2022 499,606.76 08/25/2025 695 4.09% 500,000.00 483,470.00 3130ASYR4 4.000% 396FHLB 08/30/2022 2,000,000.00 08/28/2025 698 4.00% 2,000,000.00 1,948,820.00 3137EAEX3 0.375% 1,075FHLMC 10/20/2020 498,996.65 09/23/2025 724 0.48% 500,000.00 455,900.00 05580AXF6 0.500% 1,100BMW Bank 09/25/2020 248,000.00 09/25/2025 726 0.50% 248,000.00 224,454.53 91282CAZ4 0.375% 800U.S. Treasury 07/22/2021 994,772.50 11/30/2025 792 0.62% 1,000,000.00 906,210.00 91282CBH3 0.375% 947U.S. Treasury 02/25/2021 497,360.51 01/31/2026 854 0.60% 500,000.00 450,135.00 037833BY5 3.250% 401Apple 08/25/2022 497,314.27 02/23/2026 877 3.49% 500,000.00 477,835.00 856283S98 1.000% 886State Bank of India 04/27/2021 248,000.00 04/27/2026 940 1.00% 248,000.00 221,592.15 91282CCF6 0.750% 800U.S. Treasury 07/22/2021 1,001,308.26 05/31/2026 974 0.70% 1,000,000.00 898,130.00 02007GUP6 3.350% 450Ally Bank 07/07/2022 248,000.00 07/07/2026 1,011 3.35% 248,000.00 234,876.52 89235MLC3 0.950% 807Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,019 0.95% 248,000.00 219,413.15 90348JR93 0.950% 780UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,046 0.95% 248,000.00 218,573.70 15721UFP9 4.750% 199CFBank 03/15/2023 248,000.00 09/15/2026 1,081 4.75% 248,000.00 243,596.64 32117BFR4 5.000% 191First National Bank 03/23/2023 248,000.00 09/23/2026 1,089 5.00% 248,000.00 245,303.78 91282CCZ2 0.875% 711U.S. Treasury 10/19/2021 495,723.49 09/30/2026 1,096 1.17% 500,000.00 446,210.00 Run Date: 10/6/2023 - 11:32 AM
Amortizing
21 51
Maturity Report
City of Lynwood September 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
3130AQEC3 1.370% 639FHLB 12/30/2021 500,000.00 12/30/2026 1,187 1.37% 500,000.00 444,905.00 3130AL5A8 0.900% 233FHLB 02/09/2023 448,115.88 02/26/2027 1,245 4.25% 500,000.00 434,790.00 808513BW4 3.300% 536Charles Schwab 04/12/2022 249,582.37 04/01/2027 1,279 3.35% 250,000.00 229,270.00 023135CF1 3.300% 478Amazon 06/09/2022 248,543.79 04/13/2027 1,291 3.48% 250,000.00 235,390.00 3130ARTT8 3.250% 499FHLB 05/19/2022 600,000.00 05/19/2027 1,327 3.25% 600,000.00 573,654.00 910286GM9 4.550% 93United Fidelity Bank FSB 06/29/2023 247,575.05 06/29/2027 1,368 4.60% 248,000.00 241,810.16 254673L38 3.400% 450Discover Bank 07/07/2022 248,000.00 07/06/2027 1,375 3.40% 248,000.00 232,159.81 14042RST9 3.450% 450Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,376 3.45% 248,000.00 232,574.13 14042TJD0 3.550% 423Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,403 3.55% 248,000.00 233,235.89 61768ELH4 3.500% 422Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,404 3.50% 248,000.00 233,943.36 87164XN93 3.500% 421Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,405 3.50% 248,000.00 232,830.02 02589ADQ2 3.450% 414American Express National Bank 08/12/2022 204,207.65 08/10/2027 1,410 3.56% 205,000.00 192,078.66 3130AT2L0 4.050% 396FHLB 08/30/2022 1,000,000.00 08/25/2027 1,425 4.05% 1,000,000.00 954,300.00 91282CGC9 3.875% 211U.S. Treasury 03/03/2023 618,192.17 12/31/2027 1,553 4.37% 630,000.00 610,684.20 32114VCH8 4.600% 199First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,628 4.60% 248,000.00 241,358.14 61690U3C2 4.800% 198Morgan Stanley Bank 03/16/2023 247,513.53 03/16/2028 1,629 4.85% 248,000.00 243,365.55 062119BK7 4.650% 194Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,633 4.65% 248,000.00 241,827.77 12547CBJ6 4.350% 136CIBC Bank USA 05/17/2023 247,488.15 05/16/2028 1,690 4.40% 248,000.00 238,574.52 05600XQE3 4.500% 136BMO Harris Bank NA 05/17/2023 247,490.45 05/16/2028 1,690 4.55% 248,000.00 240,088.54 3134GYUE0 6.000% 92FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,733 6.00% 1,000,000.00 988,590.00 904764BS5 4.875% 8Unilever Capital Corp 09/22/2023 495,495.27 09/08/2028 1,805 5.08% 500,000.00 492,655.00 Net Maturities and Averages 37,276,242.81 596 3.02% 36,098,465.71 37,350,355.32 Run Date: 10/6/2023 - 11:32 AM
Amortizing
22 52
Income Earned Summary
City of Lynwood September 30, 2023
Fiscal Year To DateSeptember 30 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
53,021.16 303,139.11
117,395.08 117,395.08
-113,626.98 -245,539.44
56,789.26 174,994.75
4,912.58 13,686.18
0.00 0.00
61,701.84
188,680.93
Run Date: 10/6/2023 - 11:32 AM
Amortizing
25 53
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
29278TLY4 09/27/2023 0.00EnerBank 247,991.18 0.00 67.95 421.26 0.00 353.31 8.82 362.13 17312Q3B3 02/27/2024 248,000.00Citibank 247,943.50 247,952.91 101.92 0.00 713.42 611.50 9.42 620.92 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 2,162.02 2,312.85 226.26 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 543.56 625.10 20.38 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 862.90 0.00 1,066.74 203.84 0.00 203.84 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,274.65 0.00 1,957.50 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 309.83 0.00 503.47 193.64 0.00 193.64 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 247,565.73 247,575.05 92.75 958.37 61.83 927.45 9.32 936.77 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,316.78 0.00 2,009.82 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,312.70 0.00 2,015.93 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 699.50 0.00 1,423.11 723.61 0.00 723.61 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 665.86 0.00 1,379.29 713.43 0.00 713.43 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 642.08 0.00 1,355.51 713.43 0.00 713.43 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,190.79 204,207.65 426.29 0.00 1,007.59 581.30 16.86 598.16 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,504.57 247,513.53 5,511.72 6,000.92 489.21 978.41 8.96 987.37 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,481.40 247,490.45 3,302.14 0.00 4,219.40 917.26 9.05 926.31 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 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 01/08/2024 250,000.00Toyota Motor Credit 250,259.29 250,198.52 1,232.99 0.00 1,930.90 697.91 -60.77 637.14 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,116.10 501,872.58 5,437.50 0.00 6,947.92 1,510.42 -243.52 1,266.90 64952WDL4 01/22/2025 250,000.00New York Life 249,750.20 249,764.66 541.67 0.00 958.33 416.66 14.46 431.12 88579YBH3 02/14/2025 500,000.003M 485,991.71 486,768.46 472.22 0.00 1,305.56 833.34 776.75 1,610.09 30231GBH4 03/19/2025 250,000.00Exxon Mobil 257,437.55 257,051.01 3,366.00 3,740.00 249.33 623.33 -386.54 236.79 59217GFC8 08/25/2025 500,000.00MetLife 499,590.11 499,606.76 337.50 0.00 2,025.00 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 497,224.02 497,314.27 361.11 0.00 1,715.28 1,354.17 90.25 1,444.42 808513BW4 04/01/2027 250,000.00Charles Schwab 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
26 54
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
023135CF1 04/13/2027 250,000.00Amazon 248,510.61 248,543.79 3,162.50 0.00 3,850.00 687.50 33.17 720.67 904764BS5 09/08/2028 500,000.00Unilever Capital Corp 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 3,736,197.68 18,348.99 2,792.08 24,664.61 9,107.70 270.33 9,378.03 LAIF
9819499 10/01/2023 9,787,060.32LAIF 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 10/01/2023 460,295.00Goldman Sachs Govt MMF 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 03/08/2024 1,640,000.00FHLB 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 07/01/2024 500,000.00FFCB 499,983.32 499,984.94 1,583.33 0.00 2,375.00 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 999,184.38 999,253.14 1,466.67 0.00 4,216.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,633.05 199,659.32 1,125.00 0.00 1,375.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 514,311.52 513,561.00 5,508.68 5,937.50 560.76 989.58 -750.51 239.07 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 90.28 0.00 298.61 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 666.67 0.00 7,333.33 6,666.66 0.00 6,666.66 3137EAEX3 09/23/2025 500,000.00FHLMC 498,955.84 498,996.65 822.92 937.50 41.67 156.25 40.81 197.06 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,160.69 0.00 1,731.53 570.84 0.00 570.84 3130AL5A8 02/26/2027 500,000.00FHLB 446,888.61 448,115.88 62.50 0.00 437.50 375.00 1,227.28 1,602.28 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 5,525.00 0.00 7,150.00 1,625.00 0.00 1,625.00 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 3134GYUE0 06/28/2028 1,000,000.00FHLMC 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 10/12/2023 870,000.00U.S. Treasury 864,681.23 868,443.29 0.00 0.00 0.00 0.00 3,762.06 3,762.06 91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,996.49 999,997.88 740.49 0.00 944.29 203.80 1.39 205.19 91282CBV2 04/15/2024 500,000.00U.S. Treasury 499,038.12 499,164.69 712.09 0.00 865.78 153.69 126.56 280.25 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 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
27 55
Income Earned
City of Lynwood September 01, 2023 - September 30, 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
912828ZT0 05/31/2025 500,000.00U.S. Treasury 496,226.23 496,403.40 317.62 0.00 420.08 102.46 177.17 279.63 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 994,574.49 994,772.50 952.87 0.00 1,260.25 307.38 198.01 505.39 91282CBH3 01/31/2026 500,000.00U.S. Treasury 497,267.79 497,360.51 163.04 0.00 315.90 152.86 92.72 245.58 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,348.56 1,001,308.26 1,905.74 0.00 2,520.49 614.75 -40.30 574.45 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,606.43 495,723.49 1,840.85 0.00 11.95 -1,828.90 117.06 -1,711.84 91282CGC9 12/31/2027 630,000.00U.S. Treasury 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 37,350,355.32Grand Total 37,218,309.07 37,276,242.81 113,626.98 53,021.16 117,395.08 56,789.26 4,912.58 61,701.84 Run Date: 10/6/2023 - 11:32 AM
Amortizing
28 56
Realized Gains and Losses
City of Lynwood September 01, 2023 - September 30, 2023 Par Value Sale Date Days Held Maturity/Sales RealizedCUSIP Coupon Rate Maturity Date Book Value Proceeds Gain/LossPurchase Date TermIssuer Certificates of Deposit
29278TLY4 248,000.0009/30/2019 09/27/2023 1,458 248,000.00 0.00 248,000.00 09/27/2023 1,458EnerBank 2.000%
Total Certificates of Deposit 0.00 248,000.00 248,000.00 Grand Total 0.00 248,000.00 248,000.00
Run Date: 10/6/2023 - 11:32 AM
Amortizing
29 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 - - 1,488.43 - - 09/08/2023 Interest 3130A0XE5 FHLB 3 1/4 03/08/24 03/08/2024 - - 26,650.00 - - 09/11/2023 Interest 90348JR93 UBS 0.95 08/11/26 08/11/2026 - - 200.10 - - 09/13/2023 Interest 32100LCB9 FMOSTB 1.85 09/13/24 09/13/2024 - - 2,312.85 - - 09/14/2023 Interest 3130A4CH3 FHLB 2 3/8 03/14/25 03/14/2025 - - 5,937.50 - - 09/15/2023 Interest 15721UFP9 CFBK 4 3/4 09/15/26 09/15/2026 - - 1,000.49 - - 09/15/2023 Interest 32114VCH8 FNBMIC 4.6 03/15/28 03/15/2028 - - 968.90 - - 09/18/2023 Interest 61690U3C2 MS 4.8 03/16/28 03/16/2028 - - 6,000.92 - - 09/18/2023 Interest 27002YFE1 EGBN 3.3 08/18/25 08/18/2025 - - 695.08 - - 09/19/2023 Interest 30231GBH4 XOM 2.992 03/19/25 03/19/2025 - - 3,740.00 - - 09/20/2023 Interest 062119BK7 FBFCEN 4.65 03/20/28 03/20/2028 - - 979.43 - - 09/22/2023 Purchase 904764BS5 UNANA 4 7/8 09/08/28 09/08/2028 -495,475.00 - -947.92 - - 09/25/2023 Interest 05580AXF6 BMW 0 1/2 09/25/25 09/25/2025 - - 625.10 - - 09/25/2023 Interest 3137EAEX3 FHLMC 0 3/8 09/23/25 09/23/2025 - - 937.50 - - 09/25/2023 Interest 32117BFR4 FNLC 5 09/23/26 09/23/2026 - - 1,053.15 - - 09/27/2023 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 421.26 - - 09/27/2023 Maturity 29278TLY4 CMS 2 09/27/23 09/27/2023 - 248,000.00 - - - 09/29/2023 Interest 910286GM9 FFED 4.55 06/29/27 06/29/2027 - - 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
30 58