Agenda — Lynwood City Council, April 16, 2024 (part 1 of 2)

1. CALL TO ORDER

2. CERTIFICATION OF AGENDA POSTING BY CITY CLERK

3. ROLL CALL OF COUNCIL MEMBERS

4. PLEDGE OF ALLEGIANCE

5. INVOCATION
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 Council Regular Meeting

TO BE HELD ON
April 16, 2024
COUNCIL CHAMBERS - 11350 BULLIS ROAD. LYNWOOD, CA 90262 Duly posted by MQ on 04/13/24
6:00 PM

Jose Luis Solache, Mayor
Rita Soto, Mayor Pro Tem
Gabriela Camacho, Council Member
Oscar Flores, Council Member
Juan Munoz- Guevara, Council Member
City Council Regular Meeting 1

6. PRESENTATIONS/PROCLAMATIONS

7. COUNCIL RECESS TO:

8. ORDINANCES

8.1 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AMENDING CHAPTER 7-20 “STOPPING, STANDING AND PARKING” OF THE LYNWOOD MUNICIPAL CODE

9. CONSENT CALENDAR
Update on Law Enforcement Issues
City Council Members Reporting on Meetings Attended (Gov. Code Section 53232.3 (D)).

City Video(s)
OneLegacy Donate Life Month Proclamation
Cooking up Change Culinary Competition 2024
Lynwood Successor Agency
Lynwood Housing Authority

PUBLIC ORAL COMMUNICATIONS

(Regarding Agenda Items Only)

NON-AGENDA PUBLIC ORAL COMMUNICATIONS

THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE

COUNCIL ON ITEMS WITHIN THE JURISDICTION OF THE COUNCIL AND NOT LISTED ON THE AGENDA. IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO

SUBSTANTIAL DISCUSSION OF THE ISSUE BY THE COUNCIL, BUT COUNCIL MAY

REFER THE MATTER TO STAFF OR SCHEDULE SUBSTANTIVE DISCUSSION FOR A FUTURE MEETING. (The Ralph M. Brown Act, Government Code Section 54954.2 (a).)

Comments:

Staff recommends that the City Council introduce by title only and waive the full reading an ordinance amending chapter 7-20 “Stopping, standing and parking” of the Lynwood Municipal Code. (CD)
Recommendation:

Introduce by title only and waive the full reading of an ordinance amending chapter 7-20 “Stopping, standing and parking” of the Lynwood Municipal Code.

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.

City Council Regular Meeting 2

9.1 APPROVAL OF THE WARRANT REGISTER

9.2 PREVIOUS MEETING MINUTES

9.3 THIRD QUARTER FINANCIAL REPORT, FISCAL YEAR 2023-24

9.4 FY2022-23 ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR)

Comments:

City of Lynwood warrant register dated April,16 2024 for FY 2023-2024. (FIN) Recommendation:

Staff respectfully recommends that the City Council of the City of Lynwood approve the warrant register dated April 16,2024 for FY 2023-2024.

Comments:

The purpose of this item is to have the Lynwood City Council review and approve the April 02, 2024 regular meeting action minutes. (CC)
Recommendation:

Staff respectfully recommends that the Lynwood City Council approve the following action minutes:

April 02, 2024 City Council Regular Meeting

Comments:

The Finance & Administration Department has prepared the attached quarterly financial status report for the City of Lynwood's General Fund. The Department's goal is to prepare a status report on a quarterly basis. The quarterly report provides a brief overview of the City finances as it pertains to the General Fund for quarter ending March 31, 2024. A brief explanation is included along with Revenue and Expenditures actual activity. The information is unaudited; however, the information presented does represent the cash activity for the General Fund for the periods indicated. (FIN) Recommendation:

Staff recommends that the City Council receive and file this report.

Comments:

The Pun Group, LLP (TPG), an independent auditor and a well-recognized regional CPA firm in California, has successfully completed the audit of the City's annual financial statements for the fiscal year ending June 30, 2023. The audited financial statements have been incorporated into the Annual Comprehensive Financial Report (ACFR).

9.5 CITY COUNCIL SUPPORT AND CO-SPONSOR THE MAY 13TH, 2024, MOTHER’S DAY EVENT, “!GRACIAS MAMA!”, HELD IN THE CITY OF LYNWOOD AND CO- SPONSORED BY “MAYRA BERENICE EN VIVO”

9.6 AMENDMENT TO CONTRACT WITH TYLER TECHNOLOGIES - EDEN DIVISION - TO

EXTEND ANNUAL MAINTENANCE AGREEMENT FOR CITY'S FINANCIAL

MANAGEMENT SYSTEM
States. These standards require that the auditors plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free of material misstatement and accurately reflects the City’s financial position. (FIN) Recommendation:

Staff recommends that the City Council receive and file the City's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023.

Comments:

Staff recommends the City Council support and co-sponsor the May 13 th
, 2024, Mother’s
Day Event, “!Gracias Mama!”, held in the City of Lynwood and co-sponsored by “Mayra Berenice En Vivo”.

Comments:

Amendment of the City's contract with Tyler Technologies to extend annual maintenance agreement for two years with the option to renew for one additional year. The City has been using Tyler Technologies - Eden financial management system since its implementation in 2006. An annual maintenance agreement is needed to provide Finance and other department staff with any issues that arise in the daily course of business. Access to professional support services is needed maintain daily operations of core financials, permits, utility billing, and payroll services. (IT) Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled; “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING

THE MAYOR OR DESIGNEE TO EXECUTE, IN A FORM SATISFACTORY TO THE

CITY ATTORNEY, A SIXTH AMENDMENT TO THE CONSULTING SERVICES WITH

TYLER TECHNOLOGIES - EDEN DIVISION - TO EXTEND ANNUAL MAINTENANCE

AGREEMENT FOR CITY'S FINANCIAL MANAGEMENT SYSTEM THROUGH FISCAL YEAR 2024-26 WITH AN OPTION TO RENEW FOR FISCAL YEAR 2026-27”.

City Council Regular Meeting 4

9.7 APPROVAL OF ADDITIONAL APPROPRIATION FOR THE IMPERIAL HIGHWAY

CORRIDOR CAPACITY ENHANCEMENT PROJECT FROM STATE STREET TO WRIGHT ROAD FY 2023-2024, PROJECT NO. 4011.68.106 FROM MEASURE R

MULTIMODAL HIGHWAY SUBREGIONAL PROGRAM FUND IN THE AMOUNT OF $2,000,000.

9.8 APPROVE

CIVILTEC ENGINEERING TO

PROVIDE PROFESSIONAL ENGINEERING
SERVICES FOR THE DESIGN OF PIPING AND SITE IMPROVEMENTS FOR WELL 8, CIP PROJECT NO.
4011.68.067
.

Comments:

On March 15, 2023, the City of Lynwood, and Los Angeles County Metropolitan Transportation Authority (LACMTA) executed an agreement for improvements along Imperial Highway for capacity enhancements. When the City Council awarded a contract to All American Asphalt for the construction of the Imperial Highway Capacity Enhancement Project on August 15, 2023, the construction amount was higher than the projected estimate and the staff received additional appropriation from the ARPA funding to cover the construction cost. Since then, Staff requested, and the City was awarded an additional $2,000,000 from LACMTA to complete the project. (PW) Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING ADDITIONAL FUNDING IN THE AMOUNT OF $2,000,000 FROM MEASURE R

MULTIMODAL HIGHWAY SUBREGIONAL PROGRAM FUNDS FOR THE IMPERIAL HIGHWAY CAPACITY ENHANCEMENT PROJECT FY 2023-2024 PROJECT NO. 4011.68.106 AND REMOVING ARPA AND PROP C FUNDS IN THE AMOUNT OF $1,545,463.”

Comments:

Civiltec Engineering to provide professional engineering services as part of the FY 23/24 On-Call Professional Services for Utility Engineering for the Design of Piping and Site Improvements for the City of Lynwood’s Well 8 located at 11331 Bullis Road. (PW) Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING

CIVILTEC ENGINEERING TO PROVIDE PROFESSIONAL ENGINEERING SERVICES FOR THE DESIGN OF PIPING AND SITE IMPROVEMENTS FOR WELL 8, CIP PROJECT 4011.68.067, FOR A TOTAL NOT TO EXCEED AMOUNT OF $126,460.00” City Council Regular Meeting 5

10. NEW/OLD BUSINESS

10.1 EXTENSION OF SECURITY SERVICES AGREEMENT

10.2 APPROVAL OF NON-PROFIT APPLICATIONS FOR THE SALE OF SAFE AND SANE

FIREWORKS

11. CITY COUNCIL ORAL AND WRITTEN COMMUNICATION

12. STAFF ORAL COMMENTS

Comments:

The City is in need of the professional security services of Professional Security Consultants (PSC) as an independent contractor to provide security services to the City’s parks and public facilities. The City Council issued a six (6) month contract to PSC that went into effect on October 25, 2023 and that is set to expire on April 25, 2024. Staff recommends that the City Council authorize the City Manager to approve an amendment to the security agreement in an amount not to exceed $200,000 in approved Budget level through November 17, 2024. As part of the existing contract provisions, the City may extend the agreement subject to negotiations between the City and PSC. (REC) Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled; “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING

THE MAYOR OR DESIGNEE TO EXECUTE, IN A FORM SATISFACTORY TO THE

CITY ATTORNEY, AN AMENDMENT TO THE SECURITY SERVICES AGREEMENT

WITH PROFESSIONAL SECURITY CONSULTANTS - EXTENDING THE AGREEMENT THROUGH NOVEMBER 17, 2024”.

Comments:

The purpose of this item is to review and approve the four (4) qualified applicants for the sale of Safe and Sane Fireworks during July 1 through July 4, 2024. At its Regular City Council Meeting held on March 5, 2024, the City Council approved the sale of Safe and Sane Fireworks. As of April 1, 2024, a total of four (4) applications were received by the City Clerk's Office. (CC)

Recommendation:

Staff recommends that the City Council review the item and approve the four (4) qualified applicants.

ADJOURNMENT

THE NEXT REGULAR MEETING WILL BE HELD ON MAY 7, 2024 AT 6:00 P.M. IN THE COUNCIL CHAMBERS OF THE CITY HALL ANNEX, 11350 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA.

City Council Regular Meeting 6

AGENDA STAFF REPORT

DATE:

April 16, 2024
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Gabriel Linares PE
Community Development Director
SUBJECT:

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LYNWOOD,

COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AMENDING
CHAPTER 7-20 “STOPPING, STANDING AND PARKING” OF THE

LYNWOOD MUNICIPAL CODE
Agenda Item # 8.1.

Recommendation:

Introduce by title only and waive the full reading of an ordinance amending chapter 7-20 “Stopping, standing and parking” of the Lynwood Municipal Code.

Background:

The City of Lynwood is experiencing a steady increase in vehicle counts on its public streets that has resulted in less available street parking spaces throughout the City and more noticeable an increase in parking violations. The City Council is very aware of the parking challenges faced by Lynwood residents, visitors and commercial businesses and has tasked city staff to craft some possible parking solutions.

City staff organized a working group comprised of Public Works, Community Development Department and the City Manager’s office. The working group met several times and surveyed the City’s parking situation. Through the meetings, the working group has developed and is recommending three (3) options to help reduce, enforce parking violations and offer some additional parking relief. Staff is recommending the implementation of (1) a new bracket City Council City Council Regular Meeting 7
parking stripping plan on designated streets, (2) an increase to parking enforcement and (3) implementing a residential alley parking permit pilot program that allows residents of residential properties abutting alleys to park in a designated bracketed parking stall via a new residential alley parking permit program. The Program will only apply to designated city alleys that meet the City’s traffic engineers design standards.

Discussion and Analysis:

The Public Works Department along with the City Traffic Engineer has developed a policy to include “bracket parking stripping” at designated high parking demand areas and on selected newly paved streets. The intent of the bracket parking is to require vehicles to park inside the designated brackets ensuring the more efficient use of public streets parking area. Currently, the city has stripped brackets on several streets and has noticed some improvement in parking availability. There has also been some lack of compliance with vehicles parking over the designated brackets, negating the purpose of brackets and reducing the usable parking area. These parking violations have continued as our municipal parking code currently does not contain an infraction section for such parking bracket violation.

The Ordinance presented today will amend Chapter 7 “Vehicle and Traffic” section 7-20 “Stopping Standing and Parking” section of the Lynwood Municipal Code (LMC), by adding language that will define bracket parking, and provide language stating that failure to park within the marked spaces shall be considered an infraction subject to citation/ticket. The new infraction will be issued a citation fee consistent with the parking citation fee of $65.00, improper bracket parking.

The Community Development Department worked with our City Attorneys team to draft the ordinance to amend the municipal code that will include all the appropriate language necessary to properly define the brackets and to include citation authority. With the adoption of the amended ordinance, our Public Safety Officers can enforce any parking violations to the improperly parked vehicles with in the new bracket stripping.

Lastly this Ordinance will also amend the parking code to allow residential permit alley parking in city designated alleys. The Pubic Works Department has inspected the condition of several alleys in the City and has also surveyed the widths. They have selected several alleys citywide including ones south of Agnes Avenue, as those alleys to be wide enough and improved enough to accommodate vehicle parking and a access road next to the stalls. Future alleys may be included if the City Traffic Engineer finds them suitable for the permitted alley parking.

The alley residential parking program will only be available to the residential lots that abuts the selected alley and the residents will have to purchase (1) parking permit from the Community City Council City Council Regular Meeting 8
Lynwood Bracket Parking ordinance.docx
Development Department. The alley permit will only be permitted for abutting properties and will cost $25 per permit consistent with the current parking permit cost. The program will not reserve any spots and will be on a first come basis. Regular parking regulations will apply, no long term parking (72 hour limit) all vehicles must be operable and subject to revocation if permit improperly used.

If the City Council approves the Ordinance, the Public Works Department will begin the improvements necessary to implement the alley parking program. The City Traffic Engineer will survey the alley, design the bracketed parking stalls, order all appropriate signs and make all recommendations for stripping, painting and installing signs to the selected alleys.

The working group is confident that with the direction of the City Council and the implementation of the proposed ordinance, the current parking situation can be improved to better use the available street space via brackets, increase compliance through enforcement, and offer parking relief by offering parking spaces in available alleys.

Fiscal Impact:

Future budget will require appropriate funding in the Street and Traffic sections to accommodate the labor and materials for the implementation of the alley residential parking program.

Coordinated With:

City Manager’s Office
City Attorney's Office
Department of Public Works
Department of Finance and Administration Services

ATTACHMENTS:

Description
City Council City Council Regular Meeting 9
1 ORDINANCE NO. _______

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LYNWOOD,

COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AMENDING
CHAPTER 7-20 “STOPPING, STANDING AND PARKING” OF THE

LYNWOOD MUNICIPAL CODE

RECITALS
WHEREAS, the City Council of the City of Lynwood (“City Council”) adopted prior municipal code §§19-103, 19-108, and 19-113 pursuant to Lynwood Municipal Code (“LMC”) §1-1.3; and
WHEREAS, Chapter 7 “Vehicle and Traffic”, Section §7-20 “STOPPING, STANDING AND PARKING” establishes parking regulations, including those regulations included under LMC §7-20.4 Designation Of Parking Restrictions By Markings, LMC §7-

20.9 Marking Of Parking Spaces , and LMC §7-20.14 Stopping, Standing Or Parking In Alleys; and
WHEREAS, the City Council recognizes the serious adverse effects caused in certain neighborhoods of Lynwood by motor vehicle congestion, particularly the long - term parking of motor vehicles on the streets of such areas and neighborhoods by nonresidents; and
WHEREAS, the City Council acknowledges that such long-term parking by nonresidents threatens the health, safety and welfare of all of the residents of Lynwood; and
WHEREAS, the City Council finds that in order to protect and promote the integrity of these areas and neighborhoods, it is necessary to enact parking regulations restricting unlimited parking by nonresidents therein, while providing the opportunity for residents to park near their homes; and
WHEREAS, the California Vehicle Code section 22507 permits a City to designate certain streets upon which preferential parking privileges may be provided to residents and merchants situated adjacent to such streets for the their use and the use of their guests; and
WHEREAS, the City Council understands that uniform-parking regulations restricting residents and nonresidents alike would not serve the public interest; rather such regulations would contribute to neighborhood decline while ignoring the public transit alternatives to automobile travel available to nonresidents; and WHEREAS, the immediate revisions to Section §7-20 “STOPPING, STANDING AND PARKING” are needed to address violations for parking in multiple spaces and creating opportunities for residents to park in alleyways near their home; and 10 2
WHEREAS, the immediate revisions to §7-20 “STOPPING, STANDING AND PARKING” will allow residents the opportunity to park in neighborhoods where they have difficulty competing with non-resident parkers due to nearby heavily utilized commercial businesses and an increase in street parking demand resulting from garage conversions to accessory dwelling units; and
WHEREAS, the City Council finds that this Ordinance is necessary for the preservation of the public welfare, health and safety of residents living within the City of Lynwood.

WHEREAS, All legal prerequisites to the adoption of this Ordinance have occurred.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY ORDAIN AS FOLLOWS:

Section 1. The City Council hereby finds and determines that all of the above Recitals are true and correct and incorporates such Recitals into this Ordinance.

Section 2. The City Council amends the following Sections of Chapter 7-20 “STOPPING, STANDING AND PARKING” of the Lynwood Municipal Code to read as follows:
7-20.4 Designation Of Parking Restrictions By Markings4:
a. The city traffic engineer is hereby authorized, subject to the provisions and limitations of this chapter, to place, and when required by this section shall place, the following curb markings to indicate parking or standing regulations, and such curb markings shall have the meanings as follows:

1. “Red” shall mean no stopping, standing or parking at any time except as permitted by the State Vehicle Code, and except that a bus may stop in a red zone marked or signed as a bus zone.

2. “Yellow” shall mean no stopping, standing or parking at any time between seven o’clock (7:00) A.M. and six o’clock (6:00) P.M. of any day except Sundays and holidays for any purpose other than the loading or unloading of passengers or materials, provided that the loading or unloading of passengers shall not consume more than three (3) minutes nor the loading or unloading of materials more than twenty (20) minutes.

3. “White” shall mean no stopping, standing or parking for any purpose other than loading or unloading of passengers or for the purpose of depositing mail in an adjacent mailbox, which shall not exceed three (3) minutes, and such restrictions shall apply between seven o’clock (7:00) A.M. and six o’clock (6:00) P.M. of any day except Sundays and holidays and except as follows:
11 3
(a) When the zone is in front of a mailbox the restrictions shall apply at all times.
(b) When the zone is in front of a theater the restrictions shall apply at all times except when the theater is closed.

4. “Green” shall mean no standing or parking for longer than twenty (20) minutes at any time between seven o’clock (7:00) A.M. and ten o’clock (10:00) P.M. of any day except Sundays and holidays.

5. “Blue” indicates parking limited exclusively to the vehicles of disabled persons and disabled veterans.

6. “Bracket Parking” shall mean parking spaces in between T-shaped brackets along streets designated by the city traffic engineer. b. When the city traffic engineer as authorized pursuant to this chapter has caused such markings to be placed, no person shall stop, stand or park a vehicle adjacent to any such legible curb marking in violation of any of the provisions of this subsection. 7-20.9 Marking Of Parking Spaces:

The city traffic engineer is authorized to install and maintain parking space markings, including but not limited to bracket parking, to indicate parking spaces adjacent to curbings where authorized parking is permitted. When parking space markings are placed in the highway, subject to other and more restrictive limitations, no vehicle shall be stopped, left standing or parked other than within a single space unless the size or shape of such vehicle makes compliance impossible. Failure to park within the marked spaces shall be considered an infraction under this chapter. 7-20.14 Stopping, Standing Or Parking In Alleys:

No person shall stop, stand or park a vehicle for any purpose other than the loading or unloading of persons or materials in any alley unless in possession of a residential parking permit and parked in the designated parking district for which the permit has been issued, and does not obstruct the flow of traffic or access to emergency vehicles or any other applicable regulation.

Section 5. All other terms, conditions, and provisions of Chapter 7-20 “Residential Permit Parking Districts” of the Lynwood Municipal Code not in conflict with this amendment, shall remain in full force and effect.

Section 6. CEQA Findings. The City Council hereby finds and determines that this Ordinance is not subject to the California Environmental Quality Act (Public Resources Code Section 21000, et seq.) (CEQA) pursuant to Section 15061(b)(3) of 12 4
the State CEQA Guidelines because there is no possibility that it may have a significant effect on the environment.

Section 7. Severability. If any section, subsection, sentence, clause, or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of any competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed this Ordinance, and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether any portion of the Ordinance would be subsequently declared invalid or unconstitutional.

Section 8. Effective Date. The City Clerk shall certify to the passage of this Ordinance and shall cause this ordinance to be published and/or posted as required by law and said Ordinance shall become effective 30 days after its passage.

PASSED, APPROVED AND ADOPTED this ____ day of ________ 2024. ________________________________
Jose Luis Solache, Mayor
ATTEST:
_______________________________
Maria Quinonez, City Clerk

APPROVED AS TO FORM APPROVED AT TO CONTENT
_______________________________ ________________________________ Noel Tapia, City Attorney Ernie Hernandez, City Manager 13 5

STATE OF CALIFORNIA )
) §

COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the above and foregoing Ordinance was duly adopted by the City Council of the City of Lynwood at a regular meeting held in the City Hall of said City on the _______ day of __________, 2024, and passed by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

_______________________________
Maria Quinonez, City Clerk
14 AGENDA STAFF REPORT

DATE:

April 16, 2024
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
4-16-2024-CC - WARRANT
RESOLUTION TEMPLATE-2024.pdf
WARRANT RUN-4-16-2024.pdf
Agenda Item # 9.1.

Recommendation:

Staff respectfully recommends that the City Council of the City of Lynwood approve the warrant register dated April 16,2024 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
City Council City Council Regular Meeting 15
RESOLUTION NO. 2024.xxx

Warrant Registers Dated 04-16-2024

PASSED, APPROVED and ADOPTED this 16th day of April 2024.

Jose Luis Solache, Mayor

ATTEST:

__________________________
Maria Quiňonez, Ernie Hernandez,
City Clerk City Manager

APPROVED AS TO FORM: APPROVED AS TO CONTENT:

________
Noel Tapia, Harry Wong,
City Attorney Director of Finance and Administration

16 STATE OF CALIFORNIA )
) §

COUNTY OF LOS ANGELES )

I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a meeting held on the 16th day of April 2024.

AYES: COUNCIL MEMBERS CAMACHO, FLORES, MUNOZ-GUEVARA, MAYOR

PRO TEM SOTO AND MAYOR SOLACHE

NOES: NONE

ABSENT: NONE

ABSTAIN: NONE

_____________________ Date: _______________________
Maria Quiňonez,
City Clerk

STATE OF CALIFORNIA )
) §

COUNTY OF LOS ANGELES )

I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2024.xxx on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 16th day of April 2024.

__________________________ Date: _________________________ Maria Quiňonez,
City Clerk

17 apCkHist Void Check Listing Page: 1
04/09/2024 5:02PM City of Lynwood
Bank code: apbank
Vold Check# Date Vendor ClearNoid Date Invoice Inv. Date Amount Paid Check Total 209678 01/16/2024 014091 VILMA RODRIGUEZ 03/28/2024 STALE DATED-210370 11/11/2023 100.00 100.00 209820 02/06/2024 008578 DELORES STUBBS 04/04/2024 WRONG AMOUNT-210387 12/02/2023 582.00 04/04/2024 002562-0014 07/20/2023 200.00 782.00
210215 03/19/2024 000163 SOUTHERN CALIFORNIA 04/02/2024 WRONG AMOUNT-210386 02/06/2024 1,000.00 04/02/2024 700682728177 01/11/2024 319.86
04/02/2024 700354647202 02/29/2024 250.00
04/02/2024 700628985228 02/09/2024 244.37 1,814.23
210304 04/02/2024 014177 TAMMY HALL 04/04/2024 WRONG AMOUNT-210388 12/06/2023 1,500.00 04/04/2024 002709-0158 11/02/2023 200.00
04/04/2024 002709-0159 11/02/2023 200.00 1,900.00
210330 04/02/2024 011922 NORTH STAR LAND CARE 04/04/2024 WRONG AMOUNT-210389 02/29/2024 13,820.00 04/04/2024 1601-686 01/16/2024 900.00 14,720.00
apbank Total: 19,316.23
5 checks in this report Total Checks: 19,316.23
Page: 1
18 vchlist Electronic Financial Transaction List Page: 2 04/03/2024 11:13:56AM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 1695 10/6/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben155048 DEF COMP - NATIONWIDE: 500.00 Total: 500.00
1723 9/13/2023 013090 PERS Ben155695 PERS: PAYMENT 1,049.31 Total: 1,049.31
1726 10/6/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben155701 DEF COMP - NATIONWIDE: 500.00 Total: 500.00
1777 11/2/2023 005794 INTERNAL REVENUE SERVICE Ben157217 SOCIAL SECURITY: PAYMENT 49,786.43 Total: 49,786.43
1780 11/8/2023 013090 PERS Ben157223 PERS: PAYMENT 67,540.42 Total: 67,540.42
1781 11/3/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben157225 STATE WITHHOLDING TAXES: 12,985.83 Total: 12,985.83
1783 11/17/2023 013091 PERS 457 Ben157229 DEF COMP- PERS 457: PAYMENT 6,301.04 Total: 6,301.04
1789 11/16/2023 005794 INTERNAL REVENUE SERVICE Ben157634 SOCIAL SECURITY: PAYMENT 58,438.04 Total: 58,438.04
1790 11/8/2023 013090 PERS Ben157636 PERS: PAYMENT 66,889.96 Total: 66,889.96
1791 11/17/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben157638 STATE WITHHOLDING TAXES: 17,380.07 Total: 17,380.07
1792 11/29/2023 013091 PERS 457 Ben157640 DEF COMP- PERS 457: PAYMENT 6,301.04 Total: 6,301.04
1795 11/17/2023 005794 INTERNAL REVENUE SERVICE Ben157663 SOCIAL SECURITY: PAYMENT 66.02 Total: 66.02
1796 11/30/2023 005794 INTERNAL REVENUE SERVICE Ben157881 SOCIAL SECURITY: PAYMENT 41,871.66 Page: 2
19 vchlist
04/03/2024 11:13:56AM
Bank code: apbank
Voucher Date Vendor
Electronic Financial Transaction List
City of Lynwood
Invoice PO#
1796
1800
11/30/2023 005794 005794 INTERNAL REVENUE SERVICE (Continued) 1833
100005
100014
1006029
1006030
1006059
11/30/2023 005794 INTERNAL REVENUE SERVICE
11/8/2023 013090 PERS
9/8/2023 005794 INTERNAL REVENUE SERVICE
10/20/2023 005794 INTERNAL REVENUE SERVICE
10/26/2023 009720 CITY OF LYNWOOD
10/10/2023 009720 CITY OF LYNWOOD
8/14/2023 000124 CITY OF LYNWOOD
20 Vouchers for bank code :
20 Vouchers in this report
apbank
Ben157891
Ben158400
005794-090823
005794-102023
2146-2150
2151-2159
2160-2162
2163-2165
35236-35289-2
35576-35634
35854-35906
35907-35990
Page: 3
Description/Account Amount
Total: 41,871.66
SOCIAL SECURITY: PAYMENT 758.08
Total: 758.08
PERS:PAYMENT 1,049.31
Total: 1,049.31
FWT 69.90
Total: 69.90
MDCARE 165.90
Total : 165.90
REPLENISH WORKERS COMP-JUNE 21,691.94
REPLENISH WORKERS COMP-JULY 16,726.70
REPLENISH WORKERS COMP-AUG 6,866.64
Total: 45,285.28
REPLENISH LTD -SEP 2023 297,288.54
Total: 297,288.54
REPLENISH WORKERS COMP- JUNE 124.23
REPLENISH WORKERS COMP-DEC 36,683.41
REPLENISH WORKERS COMP-MAY 18,890.92
REPLENISH WORKERS COMP-JUNE 24,778.07
Total: 80,476.63
Bank total: 754,703.46
Total vouchers: 754,703.46
Page: 3
20 vchlist Prepaid-Check List Page: 4
03/28/2024 3:32:11PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210360 3/26/2024 001510 GRAINGER, INC. 9020868700 06-010008 OPERATING SUPPLIES 135.77 9032906316 06-010008 OPERATING SUPPLIES 89.12
9035718254 06-010008 OPERATING SUPPLIES 20.06
Total: 244.95
210361 3/26/2024 000078 ODP BUSINESS SOLUTIONS,LLC 344999949001 02-002674 OFFICE SUPPLIES 30.81 347309352001 06-010003 OFFICE SUPPLIES 52.90
348615414001 03-000451 OFFICE SUPPLIES 114.21
350830632001 05-001977 OFFICE SUPPLIES 642.28
350923570001 08-005204 OFFICE SUPPLIES 19.39
351172276001 03-000451 OFFICE SUPPLIES 178.62
352649800001 03-000451 OFFICE SUPPLIES 12.96
352649802001 03-000451 OFFICE SUPPLIES 37.46
352703737001 02-002674 OFFICE SUPPLIES 65.01
352709322001 02-002674 OFFICE SUPPLIES 15.52
352941772001 03-000451 OFFICE SUPPLIES 59.48
352941774001 03-000451 OFFICE SUPPLIES 14.88
353039391001 05-001977 OFFICE SUPPLIES 85.18
356456753001 02-002674 OFFICE SUPPLIES 307.85
Total: 1,636.55
210362 3/27/2024 001087 FANTASY FLOWERS AND GIFTS 0135 01-001788 COMMUNITY ACTIVITY EXPENSE 88.20 0144 01-001788 COMMUNITY ACTIVITY EXPENSE 187.43
0145 01-001788 COMMUNITY ACTIVITY EXPENSE 165.38
2985 01-001788 COMMUNITY ACTIVITY EXPENSE 165.38
Total: 606.39
210363 3/27/2024 008254 JCL TRAFFIC SERVICES 122264 08-005229 COMMUNITY ACTIVITY EXPENSE 4,400.00 Total: 4,400.00
210364 3/27/2024 009647 MV CHENG & ASSOCIATES, INC. 12/31/2023 02-002675 PROF & CONTRACTUAL SERVICE 22,323.75 Total: 22,323.75
210365 3/27/2024 008216 NOVA STORAGE 73379 FEES FOR SERVICES 619.00 Total: 619.00
Page: 4
21 vchlist Prepaid-Check List Page: 5
03/28/2024 3:32:11PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210366 3/27/2024 013474 PETTY CASH-C.M.O.-1 013474-091223 PETTY CASH REIMBURSEMENT 899.94 Total: 899.94
210367 3/27/2024 000164 THE GAS CO. 000164-032624 GAS SERVICES 2,045.66 Total: 2,045.66
210368 3/27/2024 013619 TOYOTA FINANCIAL SERVICES 001 7362931-030624 01-001722 AUTO SERVICE EXPENSE 777.65 Total : 777.65
210369 3/27/2024 014179 LOPEZ'S EVENTS AND RENTALS 5939 RENTAL EXPENSE 4,156.00 Total : 4,156.00
210370 3/28/2024 014091 RODRIGUEZ, VILMA 002728-0171 REFUNDABLE DEPOSIT-EVENT 100.00 Total : 100.00
210371 3/28/2024 006399 AT&T 000021383030 TELEPHONE SERVICES 27.53 000021384600 TELEPHONE SERVICES 112.78
000021384602 TELEPHONE SERVICES 29.35
000021384603 TELEPHONE SERVICES 340.78
000021384605 TELEPHONE SERVICES 83.38
000021384609 TELEPHONE SERVICES 112.73
000021384613 TELEPHONE SERVICES 29.35
000021384719 TELEPHONE SERVICES 57.15
000021384720 TELEPHONE SERVICES 57.15
000021384790 TELEPHONE SERVICES 57.15
000021445045 TELEPHONE SERVICES 1,378.43
Total : 2,285.78
210372 3/28/2024 001330 CANON FINANCIAL SERVICES, INC. 32198742 LEASE EXPENSE 759.67 Total: 759.67
210373 3/28/2024 008668 SOLACHE, JOSE LUIS 008668-041924 REIMBURSEMENT-PER DIEM CAL 172.50 Total : 172.50
210374 3/28/2024 012692 SOTO, RITA 012692-041924 REIMBURSEMENT- PER DIEM CAL 172.50 Total: 172.50
210375 3/28/2024 000163 SOUTHERN CALIFORNIA EDISON 000163-041624 LIGHT & POWER SERVICE 6,172.11 --
Page: 5
22 vchlist
03/28/2024
Bank code:

Voucher
210375
210376
3:32:11PM
apbank
Date Vendor
Prepaid-Check List
City of Lynwood
Invoice
3/28/2024 000163 000163 SOUTHERN CALIFORNIA EDISON (Continued) 3/28/2024 002386 T-MOBILE USA, INC 983463843-0221-0320
Page: 6
PO# Description/ Account Amount
-------
Total: 6,172.11
TELEPHONE SERVICE 848.23
Total: 848.23
Page: 6
23 vchlist Prepaid-Check List Page: 7
04/03/2024 9:51:40AM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/ Account Amount 210377 4/2/2024 014026 IBE DIGITAL 464907 12-000460 PRINTING SERVICE EXPENSE 1,093.01 Total: 1,093.01
210378 4/2/2024 008216 NOVA STORAGE 74095 FEES FOR SERVICES 619.00 Total: 619.00
210379 4/2/2024 013288 SPECTRUM 0244895030124 INTERNET SERVICE EXPENSE 219.98 Total: 219.98
210380 4/2/2024 013288 SPECTRUM 0603173031524 INTERNET SERVICE EXPENSE 188.93 Total: 188.93
210381 4/2/2024 001302 U.S. BANK 001302-031524 BANKCARD CHARGES 2,391.58 001302-031524-A BANKCARD CHARGES 4,674.43
001302-031524-B BANKCARD CHARGES 19,974.23
001302-031524-C BANKCARD CHARGES 1,487.42
001302-031524-D BANKCARD CHARGES 3,996.66
001302-031524-E BANKCARD CHARGES 3,777.40
001302-031524-F BANKCARD CHARGES 3,224.22
001302-031524-G BANKCARD CHARGES 1,112.45
Total: 40,638.39
210382 4/2/2024 013288 SPECTRUM 0543478031624 INTERNET SERVICE EXPENSE 219.98 Total: 219.98
210383 4/2/2024 013288 SPECTRUM 0031912031624 INTERNET SERVICE EXPENSE 161.74 Total: 161.74
Page: 7
24 vchlist
04/09/2024
Bank code:

Voucher
210384
210385
210386
210387
210388
210389
210390
210391
210392
3:41:45PM
apbank
Date
4/4/2024
4/4/2024
4/4/2024
4/8/2024
4/8/2024
4/8/2024
4/8/2024
4/8/2024
4/8/2024
Vendor
014094 PALM CANYON HOTEL LLC
014097 POCASANGRE, VANIA
000163 SOUTHERN CALIFORNIA EDISON
008578 STUBBS, DELORES
014177 HALL, TAMMY
011922 NORTH STAR LAND CARE
013084 LE, JESSICA
007551 AFSCME DISTRICT COUNCIL 36
013747 AMERIFLEX
Prepaid-Check List
City of Lynwood
Invoice PO#
15237112
15237113
15237114
15237115
15237116
014097-032124
700030972750
700354647202
700628985228
700682728177
002562-0014
002709-0158
002709-0159
002754-0007
1601-686 06-010046
1601-718 06-010046
Ben160587
Ben160229
Ben160577
Ben160235
Ben160583
Page: 8
Description/Account Amount
REIMBURSEMENT- CONFERENCE 693.18
REIMBURSEMENT-CONFERENCE 693.18
REIMBURSEMENT- CONFERENCE 693.18
REIMBURSEMENT-CONFERENCE 693.18
REIMBURSEMENT-CONFERENCE 693.18
Total: 3,465.90
REIMBURSEMENT- MILEAGE 35.04
Total: 35.04
PROF & CONTRACTUAL SERVICES 1,000.00
PROF & CONTRACTUAL SERVICES 520.00
PROF & CONTRACTUAL SERVICES 244.37
PROF & CONTRACTUAL SERVICES 319.86
Total: 2,084.23
REFUNDABLE DEPOSIT-EVENT 200.00
Total: 200.00
REFUNDABLE DEPOSIT-EVENT 200.00
REFUND: EVENT 100.00
REFUND: GUARD SERVICE FEE 1,500.00
Total: 1,800.00
PROF & CONTRACTUAL SERVICES 900.00
PROF & CONTRACTUAL SERVICES 12,960.00
Total: 13,860.00
JESSICA HERRERA: PAYMENT 293.00
Total: 293.00
ASSOCIATION DUES: PAYMENT 1,872.26
ASSOCIATION DUES: PAYMENT 1,781.91
Total: 3,654.17
HEAL TH FSA PRE-TAX: PAYMENT 1,132.50
HEAL TH FSA PRE-TAX: PAYMENT 1,132.50
--
Page: 8
25 vchlist
04/09/2024
Bank code:

Voucher
210392
210393
210394
210395
210396
210397
210398
210399
210400
3:41:45PM
apbank
Date Vendor
4/8/2024 013747 013747 AMERIFLEX
4/8/2024 013463 CITY EMPLOYEES ASSOCIATES, LLC
4/8/2024 005282 FRANCHISE TAX BOARD
Prepaid-Check List
City of Lynwood
Invoice
(Continued)
Ben160233
Ben160581
Ben160816
4/8/2024 013730 INSURANCE COMPANY, COLONIAL LIFE &AC Ben160231 Ben160579
4/8/2024 013084 LE, JESSICA Ben160814
4/8/2024 010048 LEGAL SHIELD Ben160237
Ben160585
4/9/2024 014128 ELI STRATEGY GROUP.INC 1219
1228
4/9/2024 002887 HARDING, SHEILA 002887-031524-2
4/9/2024 011188 INSURANCE COMPANY, THE LINCOLN NATION 4678644744 41 Vouchers for bank code : apbank
41 Vouchers in this report
Page: 9
PO# Description/Account Amount
Total: 2,265.00
MGMT. ASSOCIATION DUES: PAYMENT 232.00
MGMT. ASSOCIATION DUES: PAYMENT 232.00
Total: 464.00
FRANCHISE TAX BOARD: PAYMENT 147.52
Total: 147.52
ACCIDENT PRETAX: PAYMENT 2,328.61
ACCIDENT PRETAX: PAYMENT 2,283.10
Total: 4,611.71
JESSICA HERRERA: PAYMENT 293.00
Total: 293.00
LEGAL SHIELD: PAYMENT 49.84
LEGAL SHIELD: PAYMENT 49.84
Total: 99.68
05-001984 PROF & CONTRACTUAL SERVICES 1,960.00
05-001984 PROF & CONTRACTUAL SERVICES 4,480.00
Total: 6,440.00
REIMBURSEMENT-MILEAGE 432.74
Total: 432.74
STD AND LTD PREMIUM 040124-043024 5,014.81
Total: 5,014.81
Bank total: 136,522.51
Total vouchers: 136,522.51
Page: 9
26 vchlist Check List Page: 10
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210401 4/16/2024 000743 ADMINISTRATIVE SVCS. CO-OP 240210 08-005196 PROF & CONTRACTUAL SERVICES 10,274.80 Total: 10,274.80
210402 4/16/2024 007439 ALL CITY MANAGEMENT SVCS, INC. 92193 11-002279 PROF & CONTRACTUAL SERVICES 14,935.04 Total: 14,935.04
210403 4/16/2024 010746 ALVAREZ-GLASMAN & COLVIN 2023-1221051 01-001787 PROF & CONTRACTUAL SERVICES 12,501.50 Total: 12,501.50
210404 4/16/2024 013738 AMAZON CAPITAL SERVICES INC 1 QPC-HW9D-L4DJ SUPPLIES EXPENSE 165.16 1 YTQ-VTGW-4QD6 SUPPLIES EXPENSE 99.15
Total: 264.31
210405 4/16/2024 002452 AMERICAN LANGUAGE SVCS. 79859 01-001803 PROF & CONTRACTUAL SERVICES 170.50 Total: 170.50
210406 4/16/2024 000012 AQUA METRIC SALES CO. INV0100667 06-009845 PROF & CONTRACTUAL SERVICES 127,127.96 INV0100668 06-009845 PROF & CONTRACTUAL SERVICES 105,294.05 Total: 232,422.01
210407 4/16/2024 012148 BARRERA, JACOB CL031 08-005251 PROF & CONTRACTUAL SERVICES 1,500.00 CL032 08-005251 PROF & CONTRACTUAL SERVICES 1,250.00
CL039 01-001799 PROF & CONTRACTUAL SERVICES 1,500.00
Total: 4,250.00
210408 4/16/2024 000115 BAUTISTA, JUAN ANTONIO 000115-042524 08-005230 PROF & CONTRACTUAL SERVICES 1,209.60 Total: 1,209.60
210409 4/16/2024 013736 BESST INC. COL011524 06-009831 PROF & CONTRACTUAL SERVICES 18,670.00 Total: 18,670.00
210410 4/16/2024 004986 BIOMETRICS4ALL, INC COLYN0118 FEES FOR SERVICES 7.50 MAINTCOLYN0010 FEES FOR SERVICES 840.00
Total: 847.50
210411 4/16/2024 014129 CABALLERO, KATIA ZUBIETA 002912-0047 REFUND- EVENT CANCELED 100.00 Page: 10
27 vchlist Check List Page: 11
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210411 4/16/2024 014129 014129 CABALLERO, KATIA ZUBIETA (Continued) Total: 100.00 210412 4/16/2024 014188 CABRERA, WALTER 133350332 REFUND- EVENT CANCELED 75.00 Total: 75.00
210413 4/16/2024 014186 CALVILLO, ROSALBA 002888-0006 REFUND- EVENT CANCELED 75.00 Total: 75.00
210414 4/16/2024 014180 CERDA, ODAL YS 002870-0011 REFUND- EVENT CANCELED 75.00 Total: 75.00
210415 4/16/2024 009302 CHESSER, CHRISTINE 23368053 FEES FOR SERVICES 250.00 Total: 250.00
210416 4/16/2024 003372 CITY OF LYNWOOD 40-18000--04-022924 PROF & CONTRACTUAL SERVICES 395.41 Total: 395.41
210417 4/16/2024 013555 COLLINS, JORDAN 013555-032324 08-005216 PROF & CONTRACTUAL SERVICES 360.00 Total: 360.00
210418 4/16/2024 012021 CONCENTRA MEDICAL CENTERS 82463961 05-001972 FEES FOR SERVICES 450.00 82538630 05-001972 FEES FOR SERVICES 52.00
Total: 502.00
210419 4/16/2024 005157 CONVERSE CONSULTANTS 24-31106-30-02 06-010137 PROF & CONTRACTUAL SERVICES 4,011.00 Total: 4,011.00
210420 4/16/2024 010754 COOL IMAGE WATER, OBA/ AMERICAN 2158 02-002671 PROF & CONTRACTUAL SERVICES 49.50 2159 05-001966 PROF & CONTRACTUAL SERVICES 13.50
Total: 63.00
210421 4/16/2024 007223 COX, CASTLE & NICHOLSON LLP 578312 11-002312 PROF & CONTRACTUAL SERVICES 3,139.50 579881 11-002312 PROF & CONTRACTUAL SERVICES 4,604.60
581331 11-002312 PROF & CONTRACTUAL SERVICES 4,186.00
582567 11-002312 PROF & CONTRACTUAL SERVICES 235.00
Total: 12,165.10
210422 4/16/2024 009030 CPACINC.COM Sl-1298868 12-000469 FEES FOR SERVICES 837.00 Page: 11
28 vchlist Check List Page: 12
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210422 4/16/2024 009030 009030 CPACINC.COM (Continued) Total: 837.00 210423 4/16/2024 013825 EDGESOFT, INC 3433 11-002291 PROF & CONTRACTUAL SERVICES 3,000.00 3434 11-002291 PROF & CONTRACTUAL SERVICES 10,000.00
Total: 13,000.00
210424 4/16/2024 014021 EDGEWORTH INTEGRATION,LLC 00036358 12-000457 PROF & CONTRACTUAL SERVICES 10,501.43 Total: 10,501.43
210425 4/16/2024 011246 EFAX CORPORATE 4766113-013124 FEES FOR SERVICES 159.50 4799764-022924 FEES FOR SERVICES 160.30
Total: 319.80
210426 4/16/2024 004089 ELDER, BRUCE A. 004089-042524 08-005217 PROF & CONTRACTUAL SERVICES 577.60 Total: 577.60
210427 4/16/2024 009633 EVENT STEP AND REPEAT 18757 08-005209 FEES FOR SERVICES 68.99 Total: 68.99
210428 4/16/2024 013881 FAGEN FRIEDMAN & FULFROST LLP 220165 05-001967 PROF & CONTRACTUAL SERVICES 10,637.96 Total: 10,637.96
210429 4/16/2024 001087 FANTASY FLOWERS AND GIFTS 0133 08-005192 COMMUNITY ACTIVITY EXPENSE 606.38 0283 08-005192 COMMUNITY ACTIVITY EXPENSE 1,973.48
Total: 2,579.86
210430 4/16/2024 014184 FERMIN, RUBEN 002877-0007 REFUND-EVENT CANCELED 150.00 Total: 150.00
210431 4/16/2024 014185 GALAVIZ, SIL VIA 628377644 REFUND- EVENT CANCELED 100.00 Total: 100.00
210432 4/16/2024 014189 GARCIA, ART 840763003 REFUND-EVENT CANCELED 75.00 Total: 75.00
210433 4/16/2024 014191 GARD, SITHA 561817876 REFUND- EVENT CANCELED 150.00 Total: 150.00
Page: 12
29 vchlist Check List Page: 13
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210434 4/16/2024 014103 GENERAL ENGINEERING INC, 0221-01 06-010146 PROF & CONTRACTUAL SERVICES 266,209.00 Total: 266,209.00
210435 4/16/2024 014105 GENTRY BROTHERS INC PB2 06-010130 PROF & CONTRACTUAL SERVICES 802,015.43 Total: 802,015.43
210436 4/16/2024 001352 GMC PEST CONTROL, INC. 1033 06-009999 ANIMAL SERVICE EXPENSE 950.00 Total: 950.00
210437 4/16/2024 014192 GONZALEZ, ELIZABETH 140386500 REFUND- EVENT CANCELED 100.00 Total: 100.00
210438 4/16/2024 001510 GRAINGER, INC. 9057999758 06-010008 OPERATING SUPPLIES 58.40 9063842026 06-010008 OPERATING SUPPLIES 229.32
9068268532 06-010008 OPERATING SUPPLIES 326.75
9068268540 06-010008 OPERATING SUPPLIES -229.32
Total: 385.15
210439 4/16/2024 004961 HERITAGE PRODUCTS, LLC 19072 06-010001 REPAIRS AND MAINT EXPENSE 2,015.37 Total: 2,015.37
210440 4/16/2024 005473 HERNANDEZ, CLARA M. 002441-0016 REFUNDABLE DEPOSIT- EVENT 400.00 002589-0013 REFUND- SERVICE FEE 885.00
Total: 1,285.00
210441 4/16/2024 014187 HERNANDEZ, LIZ 897542745 REFUND- EVENT CANCELED 150.00 Total: 150.00
210442 4/16/2024 014195 HILL, VADA 002813-0082 REFUNDABLE DEPOSIT-EVENT 255.00 Total: 255.00
210443 4/16/2024 003338 HILLYARD-LOS ANGELES 605425820 06-010002 OPERATING SUPPLIES 961.29 605429322 06-010002 OPERATING SUPPLIES 436.43
Total: 1,397.72
210444 4/16/2024 013989 ILB ELECTRIC 910003.2 06-010067 PROF & CONTRACTUAL SERVICES 144,236.02 910004 06-010067 PROF & CONTRACTUAL SERVICES 9,095.30
Page: 13
30 vchlist Check List Page: 14
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/ Account Amount 210444 4/16/2024 013989 013989 ILB ELECTRIC (Continued) Total: 153,331.32 210445 4/16/2024 014196 JIMMY ROSS BASS JR 455134476 CITATION REFUND 99.00 Total: 99.00
210446 4/16/2024 013304 JOE A GONSALVES & SON 161489 06-010074 PROF & CONTRACTUAL SERVICES 4,000.00 Total: 4,000.00
210447 4/16/2024 014172 KAHOOT! AS 7422710 FEES FOR SERVICES 354.00 Total: 354.00
210448 4/16/2024 013434 KILEY & ASSOCIATES,LLC 31 01-001808 PROF & CONTRACTUAL SERVICES 5,000.00 Total: 5,000.00
210449 4/16/2024 000001 KING FENCE, INC 49803 08-005193 RENTAL SERVICE EXPENSE 42.50 50107 06-010099 RENTAL SERVICE EXPENSE 1,750.00
50223 06-010019 RENTAL SERVICE EXPENSE 65.50
50240 08-005193 RENTAL SERVICE EXPENSE 42.50
Total: 1,900.50
210450 4/16/2024 003331 L.A. COUNTY SHERIFF DEPT. 242349EC 01-001804 LA COUNTY SHERRI FF 1,049,944.77 242350EC 01-001794 LA COUNTY SHERRI FF 22,789.60
Total: 1,072,734.37
210451 4/16/2024 013119 LERVS CONSTRUCTION 03042024 06-010142 PROF & CONTRACTUAL SERVICES 9,234.00 Total: 9,234.00
210452 4/16/2024 014173 LLAMAS, LUIS ENRIQUE 002616-0022 REFUNDABLE DEPOSIT-C&D 2,760.00 Total: 2,760.00
210453 4/16/2024 014194 MAZARIEGOS, JACKELINE 002863-0014 REFUND-EVENT CANCELED 100.00 Total: 100.00
210454 4/16/2024 005256 MONJARAS & WISMEYER GROUP.INC. 25197 05-001976 PROF & CONTRACTUAL SERVICES 100.00 Total: 100.00
210455 4/16/2024 001462 MOTION PICTURE LICENSING CORP 504423290 FEES FOR SERVICES 1,677.45 Page: 14
31 vchlist Check List Page: 15
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210455 4/16/2024 001462 001462 MOTION PICTURE LICENSING CORP (Continued) Total: 1,677.45 210456 4/16/2024 006134 M-TECHS PRINTER REPAIR INC 41081 PROF & CONTRACTUAL SERVICES 608.25 Total: 608.25
210457 4/16/2024 009647 MV CHENG & ASSOCIATES, INC. 3/31/2024 02-002675 PROF & CONTRACTUAL SERVICE 27,455.00 Total: 27,455.00
210458 4/16/2024 000841 NADA BUS, INC. 51839 08-005203 TRANSPORTATION EXPENSE 1,030.00 Total: 1,030.00
210459 4/16/2024 000475 NATIONWIDE ENVIRONMENTAL SVCS. 33864 06-010054 PROF & CONTRACTUAL SERVICES 1,884.49 Total: 1,884.49
210460 4/16/2024 000475 NATIONWIDE ENVIRONMENTAL SVCS. 33864-1 11-002310 PROF & CONTRACTUAL SERVICES 1,204.83 Total: 1,204.83
210461 4/16/2024 011922 NORTH STAR LAND CARE 1601-702 06-010046 PROF & CONTRACTUAL SERVICES 20,880.00 1601-730 06-010046 PROF & CONTRACTUAL SERVICES 34,110.00 Total: 54,990.00
210462 4/16/2024 013552 ODP BUSINESS SOLUTIONS,LLC 348880372001 11-002313 OFFICE SUPPLIES 396.98 350479452001 11-002313 OFFICE SUPPLIES 7.04
350479469001 11-002313 OFFICE SUPPLIES 35.27
350479864001 11-002313 OFFICE SUPPLIES 104.70
350480406001 11-002313 OFFICE SUPPLIES 4.98
354222694001 11-002313 OFFICE SUPPLIES 7.56
Total: 556.53
210463 4/16/2024 001214 OF PUBLIC WORKS, COUNTY OF L.A. RE-PW-24031105280 FEES FOR SERVICES 430.08 RE-PW-24031105325 FEES FOR SERVICES 1,902.34
RE-PW-24031105346 FEES FOR SERVICES 1,574.58
RE-PW-24031105645 FEES FOR SERVICES 859.77
Total: 4,766.77
210464 4/16/2024 014182 ORTIZ, JASMINE 344475440 REFUND- EVENT CANCELED 75.00 Total: 75.00
Page: 15
32 vchlist Check List Page: 16
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/ Account Amount 210465 4/16/2024 014183 ORTIZ, MIRIAM 002894-0154 REFUND- EVENT CANCELED 150.00 Total: 150.00
210466 4/16/2024 009167 PACIFIC EH & S SERVICES, INC 24-1084A PROF & CONTRACTUAL SERVICES 3,055.40 Total: 3,055.40
210467 4/16/2024 012548 PARKING COMPANY OF AMERICA INVM0018520 06-010023 PROF & CONTRACTUAL SERVICES 97,508.69 Total: 97,508.69
210468 4/16/2024 004854 PETTY CASH- FINANCE 004854-040124 REPLENISH BOX 527.18 Total: 527.18
210469 4/16/2024 012230 PHOTOGRAPHY NETWORK, NATIONWIDE 2361 FEES FOR SERVICES 705.60 Total: 705.60
210470 4/16/2024 013970 PINS ADVANTAGE 2804 FEES FOR SERVICES 137.50 Total: 137.50
210471 4/16/2024 006281 PROFESSIONAL SECURITY, IN000130154 08-005236 PROF & CONTRACTUAL SERVICES 1,333.22 IN000130201 08-005253 PROF & CONTRACTUAL SERVICES 898.80 IN000130246 08-005253 PROF & CONTRACTUAL SERVICES 5,807.86 IN000130790 08-005236 PROF & CONTRACTUAL SERVICES 12,365.99 IN000130793 08-005253 PROF & CONTRACTUAL SERVICES 224.70 IN000130794 08-005253 PROF & CONTRACTUAL SERVICES 314.58 Total: 20,945.15
210472 4/16/2024 009426 PROMOTIONAL DESIGN GROUP 45839 REPAIRS AND MAINT EXPENSE 1,076.02 Total: 1,076.02
210473 4/16/2024 001313 QUINONEZ, MARIA 001313-052324 REIMBURSEMENT- PER DIEM IIMC 342.00 Total: 342.00
210474 4/16/2024 001057 RAMIREZ, JUAN E. 240321 03-000454 PROF & CONTRACTUAL SERVICES 875.00 Total: 875.00
210475 4/16/2024 013913 RE CHAFFEE CONSTRUCTION INC 013913-01 06-010081 PROF & CONTRACTUAL SERVICES 175,276.99 Total: 175,276.99
Page: 16
33 vchlist Check List Page: 17
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/ Account Amount 210476 4/16/2024 008690 RICOH USA, INC. 5069159181 COPIER EXPENSE 290.89 Total: 290.89
210477 4/16/2024 014193 ROMERO, VICTORIA 834914821 REFUND- EVENT CANCELED 100.00 Total: 100.00
210478 4/16/2024 014181 ROSALES, ALBERTO 002870-0011 REFUND- EVENT CANCELED 150.00 Total: 150.00
210479 4/16/2024 004821 SAFE CHECKS 0545089 OFFICE SUPPLIES 1,243.45 Total: 1,243.45
210480 4/16/2024 007205 SANCHEZ AWARDS 2303 08-005254 COMMUNITY ACTIVITY EXPENSE 373.74 2350 08-005254 COMMUNITY ACTIVITY EXPENSE 1,501.63
2351 08-005254 COMMUNITY ACTIVITY EXPENSE 1,036.35
2375 08-005254 COMMUNITY ACTIVITY EXPENSE 1,673.33
2396 08-005254 COMMUNITY ACTIVITY EXPENSE 264.60
Total: 4,849.65
210481 4/16/2024 006772 SEA CLEAR POOL, INC. 24-1052 06-010049 REPAIRS AND MAINT EXPENSE 66.14 24-1296 06-010049 REPAIRS AND MAINT EXPENSE 132.28
24-1514 06-010049 REPAIRS AND MAINT EXPENSE 2,995.00
Total: 3,193.42
210482 4/16/2024 012089 SHUTTERS LINK&WINDOW FASHIONS 3617 OFFICE SUPPLIES 600.00 Total: 600.00
210483 4/16/2024 005635 SO.COAST AIR QUALITY MGT DIST. 4315381 FEES FOR SERVICES 504.91 4315382 FEES FOR SERVICES 504.91
4315384 FEES FOR SERVICES 504.91
4315385 FEES FOR SERVICES 504.91
4315386 FEES FOR SERVICES 504.91
4315387 FEES FOR SERVICES 504.91
4318268 FEES FOR SERVICES 160.35
4318269 FEES FOR SERVICES 160.35
4318272 FEES FOR SERVICES 160.35
4318273 FEES FOR SERVICES 160.35
4318274 FEES FOR SERVICES 160.35
Page: 17
34 vchlist Check List Page: 18
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210483 4/16/2024 005635 SO.COAST AIR QUALITY MGT DIST. (Continued) 4318275 FEES FOR SERVICES 160.35
Total: 3,991.56
210484 4/16/2024 000163 SOUTHERN CALIFORNIA EDISON 700484868688-030624 PROF & CONTRACTUAL SERVICES 805.33 700566285842-030724 PROF & CONTRACTUAL SERVICES 743.72
Total: 1,549.05
210485 4/16/2024 000163 SOUTHERN CALIFORNIA EDISON 700158638086-021524 PROF & CONTRACTUAL SERVICES 300.00 700478732733-020924 PROF & CONTRACTUAL SERVICES 467.43
700774768649-030724 PROF & CONTRACTUAL SERVICES 173.50
Total: 940.93
210486 4/16/2024 011186 STANDARD GLASS & MIRROR 1007 REPAIRS AND MAINT EXPENSE 264.60 Total: 264.60
210487 4/16/2024 009040 STOTZ EQUIPMENT W35082 06-010025 REPAIRS AND MAINT EXPENSE 1,238.54 W35106 06-010025 REPAIRS AND MAINT EXPENSE 1,544.68
Total: 2,783.22
210488 4/16/2024 000164 THE GAS CO. 04070117660-021624 PROF & CONTRACTUAL SERVICES 120.93 08630095001-022124 PROF & CONTRACTUAL SERVICES 110.61
16510134451-030624 PROF & CONTRACTUAL SERVICES 256.28
18190134132-021524 PROF & CONTRACTUAL SERVICES 92.59
Total: 580.41
210489 4/16/2024 007860 THE PUN GROUP, LLP 114443 02-002676 PROF & CONTRACTUAL SERVICE 24,575.00 Total: 24,575.00
210490 4/16/2024 004179 TIERRA WEST ADVISORS, LLC LY-1223C 11-002314 PROF & CONTRACTUAL SERVICES 9,045.00 Total: 9,045.00
210491 4/16/2024 014190 TONG, DEON 558823255 REFUND- EVENT CANCELED 75.00 Total: 75.00
210492 4/16/2024 012294 TRANSTECH ENGINEERS, INC. 20241799 06-010090 PROF & CONTRACTUAL SERVICES 24,924.00 20241800 06-010090 PROF & CONTRACTUAL SERVICES 474.00
20241801 06-010090 PROF & CONTRACTUAL SERVICES 6,427.00 --
Page: 18
35 vchlist Check List Page: 19
04/09/2024 4:51:37PM City of Lynwood
Bank code: apbank
Voucher Date Vendor Invoice PO# Description/Account Amount 210492 4/16/2024 012294 TRANSTECH ENGINEERS, INC. (Continued) 20241802 06-010090 PROF & CONTRACTUAL SERVICES 910.00
20241803 06-010090 PROF & CONTRACTUAL SERVICES 26,855.00 20241804 06-010090 PROF & CONTRACTUAL SERVICES 92.00
20241805 06-010090 PROF & CONTRACTUAL SERVICES 4,820.00 20241806 06-010090 PROF & CONTRACTUAL SERVICES 1,124.00 20241988 06-010090 PROF & CONTRACTUAL SERVICES 28,826.00 20241989 06-010090 PROF & CONTRACTUAL SERVICES 184.00
20241990 06-010090 PROF & CONTRACTUAL SERVICES 705.00
20241991 06-010090 PROF & CONTRACTUAL SERVICES 32,972.50 20241992 06-010090 PROF & CONTRACTUAL SERVICES 1,884.00 20241993 06-010090 PROF & CONTRACTUAL SERVICES 30,515.75 20241994 06-010090 PROF & CONTRACTUAL SERVICES 16,832.00 20241995 06-010090 PROF & CONTRACTUAL SERVICES 572.00
Total: 178,117.25
210493 4/16/2024 010066 TRI-WEST MECHANICAL, INC. lWM12313 06-010061 REPAIRS AND MAINT EXPENSE 895.00 lWM12319 06-010061 REPAIRS AND MAINT EXPENSE 980.00
lWM12321 06-010061 REPAIRS AND MAINT EXPENSE 980.00
lWM12322 06-010061 REPAIRS AND MAINT EXPENSE 7,110.00
Total: 9,965.00
210494 4/16/2024 013487 TRUSAIC CINV-034756 05-001965 PROF & CONTRACTUAL SERVICES 530.45 Total : 530.45
210495 4/16/2024 007742 ULINE, INC. 175753460 06-009986 SUPPLIES EXPENSE 561 .51 Total: 561.51
210496 4/16/2024 000166 UNDERGROUND SERVICE ALERT/SC 23-2425087 06-010028 FEES FOR SERVICES 104.91 320240427 06-010028 FEES FOR SERVICES 235.75
Total : 340.66
210497 4/16/2024 009742 UNIFIRST CORPORATION 2190147806 06-010029 UNIFORM SERVICE AND SUPPLIES 87.64 2190147807 06-010029 UNIFORM SERVICE AND SUPPLIES 147.69 2190147808 06-010029 UNIFORM SERVICE AND SUPPLIES 109.24 2190147809 06-010029 UNIFORM SERVICE AND SUPPLIES 123.32 Total : 467.89
Page: 19
36 vchlist
04/09/2024
Bank code:

Voucher
210498
210499
210500
210501
210502
210503
4:51:37PM
apbank
Date Vendor
4/16/2024 009742 UNIFIRST CORPORATION
4/16/2024 014061 VGA ANIMAL HOSPITALS INC
4/16/2024 004013 WALTERS WHOLESALE ELECTRIC CO
4/16/2024 008657 WASTE RESOURCES, INC.
4/16/2024 002912 WATERLINE TECHNOLOGIES.INC
4/16/2024 013287 WINSTAR DONUTS
103 Vouchers for bank code : apbank
Check List
City of Lynwood
Invoice
2190147805
2190150827
2190150828
2190150829
2190150830
2190150831
5869701834
5869707668
S125046549.001
S125184054.001
0002921242
039479-010124
5675072
5675073
00240321
Page: 20
PO# Description/Account Amount
06-010029 UNIFORM SERVICE AND SUPPLIES 85.77
06-010029 UNIFORM SERVICE AND SUPPLIES 85.77
06-010029 UNIFORM SERVICE AND SUPPLIES 71.54
06-010029 UNIFORM SERVICE AND SUPPLIES 142.98
06-010029 UNIFORM SERVICE AND SUPPLIES 97.17
06-010029 UNIFORM SERVICE AND SUPPLIES 123.32
Total: 606.55
11-002298 ANIMAL SERVICE EXPENSE 200.00
11-002298 ANIMAL SERVICE EXPENSE 200.00
Total: 400.00
06-010030 SUPPLIES EXPENSE 1,791.91
06-010030 SUPPLIES EXPENSE 733.16
Total: 2,525.07
PROF & CONTRACTUAL SERVICES 201.89
PROF & CONTRACTUAL SERVICES 183.66
Total: 385.55
06-010016 OPERATING SUPPLIES 927.75
06-010016 OPERATING SUPPLIES 438.57
Total: 1,366.32
OFFICE EXPENSE 155.95
Total: 155.95
Bank total: 3,321,492.50
Page: 20
37 AGENDA STAFF REPORT

DATE:

April 16, 2024
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Maria Quinonez, City Clerk
Nancy Blinzler, Office Assistant
SUBJECT:

PREVIOUS MEETING MINUTES
CC_-_04.02.24_-_CITY_COUNCIL_MINUTES_04.16.24_-_nb2.doc Agenda Item # 9.2.

Recommendation:

Staff respectfully recommends that the Lynwood City Council approve the following action minutes:

April 02, 2024 City Council Regular Meeting
Background:

N/A
Discussion and Analysis:

N/A
Fiscal Impact:

N/A
Coordinated With:

N/A
ATTACHMENTS:

Description
City Council City Council Regular Meeting 38
Lynwood City Council Regular Meeting
April 2, 2024
Action Minutes

01. CALL TO ORDER
The City Council Regular Meeting of the City of Lynwood met in the Council Chambers, 11350 Bullis Road Lynwood, CA 90262 on the above date at 6:00 p.m. An audio recording of this meeting is available on the City's Web Portal: Audio (laserfiche.com).

Meeting called to order at 6:00 p.m.

Mayor Solache and Kid Mayor Olivia Montoya presiding.

02. CERTIFICATION OF AGENDA POSTING BY CITY CLERK
City Clerk Quiñonez, announced the Agenda had been duly posted in accordance With the Brown Act.

03. ROLL CALL OF COUNCIL MEMBERS
PRESENT: COUNCIL MEMBERS CAMACHO, FLORES, MUÑOZ-GUEVARA,

MAYOR PRO TEM SOTO AND MAYOR SOLACHE
ABSENT: NONE
STAFF PRESENT:

City Manager Hernandez, City Attorney Tapia, City Treasurer Cuellar, City Clerk Quiñonez, Community Development Director Linares, Human Resources Director Matson, Public Works Director Lee, Recreation Director Flores and Technology Director Han.

04. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by the Lynwood Sheriff’s Explorers Color Guard.

05. INVOCATION
The invocation was offered by City Clerk Quiñonez.

06. PRESENTATIONS/PROCLAMATIONS
• Update on Law Enforcement Issues.
• City Council Members Reporting on Meetings Attended (Gov. Code Section 53232.3 (D)). • City Videos.
• Kid Mayor April 2024.

07. COUNCIL RECESS TO:

Lynwood Housing Authority
MOTION: It was moved by Council Member Camacho, seconded by Council Member Muñoz-Guevara to recess to the Lynwood Housing Authority at 6:32 p.m. Motion carried by 5/0 vote.
39 ROLL CALL:

AYES: COUNCIL MEMBERS CAMACHO, FLORES, MUÑOZ-GUEVARA,

MAYOR PRO TEM SOTO AND MAYOR SOLACHE
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
The City Council reconvened to the regular City Council meeting at 6:33 p.m.

NON-AGENDA PUBLIC ORAL COMMUNICATIONS
The following individual(s) addressed City Council: Mr. Abraham Sandoval, Mr. Ernesto Gomez Field Representative for Congresswoman Nannette Barragan, Mr. Joaquin Mesinas, and Mr. Erick Medal presented a written comment, additionally Ms. Irene Garcia of West Side of Lynwood Community presented a petition.

PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NONE
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 be removed from the Consent Calendar for separate action.

Council Member Muñoz-Guevara requested consideration of item number 08.05 for separate action.

MOTION: It was moved by Council Member Camacho, seconded by Mayor Pro Tem Soto to approve the balance of the consent calendar. Motion carried by 5/0 vote.

ROLL CALL:

AYES: COUNCIL MEMBERS CAMACHO, FLORES, MUÑOZ-GUEVARA,

MAYOR PRO TEM SOTO AND MAYOR SOLACHE
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE

08.01. APPROVAL OF THE WARRANT REGISTER
Approved and Adopted RESOLUTION NO. 2024.030
ENTITLED: A RESOLUTION OF THE CITY OF LYNWOOD CITY COUNCIL APPROVING THE WARRANT REGISTER DATED APRIL 02, 2024
40 08.02. PREVIOUS MEETING MINUTES
Approved Action Minutes for City Council March 19, 2024 Regular Meeting

08.03. NAMING OF GRAND MEETING ROOM AT HENNING YOUTH CENTER Approved and Adopted RESOLUTION NO. 2024.031
ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD

AUTHORIZING THE OFFICAL NAMING OF THE GRAND ASSEMBLY ROOM WITHIN

THE HENNING YOUTH CENTER IN HONOR OF KYEISHA JACKSON

08.04. APPROVE CIVILTEC ENGINEERING TO PROVIDE PROFESSIONAL ENGINEERING

SERVICES FOR THE REHABILATION DESIGN AND SITE IMPROVEMENTS OF WELL 11, CIP PROJECT NO. 4011.68.108.

Approved and Adopted RESOLUTION NO. 2024.032
ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD

APPROVING CIVILTEC ENGINEERING TO PROVIDE PROFESSIONAL

ENGINEERING SERVICES FOR THE REHABILITATION DESIGN AND SITE IMPROVEMENTS FOR WELL 11, CIP PROJECT 4011.68.108, FOR A TOTAL NOT TO EXCEED AMOUNT OF $261,065

08.05. AUTHORITY TO PARTNER WITH INTERNATIONAL ORGANIZATIONS AND

APPROVE ACTIVITIES RELATED TO THE PARTNERSHIP
MOTION: It was moved by Council Member Flores, seconded by Council Member Camacho to approve staff recommendation with no travel until budget is reviewed.

Motion carried by 5/0 vote.

ROLL CALL:

AYES: COUNCIL MEMBERS CAMACHO, FLORES, MUÑOZ-GUEVARA,
MAYOR PRO TEM SOTO AND MAYOR SOLACHE.

NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
Approved and Adopted RESOLUTION NO. 2024.033
ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD

AUTHORIZING AUTHORITY TO PARTNER WITH INTERNATIONAL ORGANIZATIONS

AND APPROVE ACTIVITIES RELATED TO THE PARTNERSHIP
41 New/Old Business

09.01. UTILITY ASSISTANCE PROGRAM UPDATE
MOTION: It was moved by Council Member Muñoz-Guevara seconded by Council Member Camacho to approve a maximum individual grant of $3,000 cap and authorize the Finance Committee’s approval of any maximum individual grant up to $5,000 cap for any application received effective April 3, 2024. Motion carried by 5/0 vote.

ROLL CALL:

AYES: COUNCIL MEMBERS CAMACHO, FLORES, MUÑOZ-GUEVARA,
MAYOR PRO TEM SOTO AND MAYOR SOLACHE.

NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
Approved and Adopted RESOLUTION NO. 2024.034
ENTITLED: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD,

COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AUTHORIZING THE

ADJUSTMENT OF THE UTILITY ASSISTANCE GRANT PROGRAM AMOUNT FROM A $1,000 TO $5,000 MAXIMUM INDIVIDUAL GRANT

ADJOURNMENT
At 7:36 p.m., it was moved by Council Member Muñoz-Guevara, seconded by Mayor Pro Tem Soto to adjourn the Regular Lynwood City Council Meeting in memory of Kaitlyn Ball, a recent graduate from Lynwood’s Firebaugh High School who lost her life in Stockton.

Maria Quiñonez, City Clerk José Luis Solache, Mayor
/nb
42 AGENDA STAFF REPORT

DATE:

April 16, 2024
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Harry Wong, Director of Finance & Administration
SUBJECT:

THIRD QUARTER FINANCIAL REPORT, FISCAL YEAR 2023-24
Agenda Item # 9.3.

Recommendation:

Staff recommends that the City Council receive and file this report.

Background:

Discussion and Analysis:

The quarterly report provides a brief overview of the City finances as it pertains to the General Fund for quarter ending March 31, 2024. A brief explanation is included along with Revenue and Expenditures actual activity. The information is unaudited; however, the information presented does represent the cash activity for the General Fund for the periods indicated.

Fiscal Impact:

The action recommended in the report does not have a fiscal impact on the City. The report is solely informational.

Coordinated With:

City Manager’s Office
City Attorney
ATTACHMENTS:

Description
City Council City Council Regular Meeting 43
Lynwood Quarter 3 Report - Final.pdf
City Council City Council Regular Meeting 44

CITY OF LYNWOOD

THIRD QUARTER FINANCIAL STATUS REPORT
Fiscal Year 2023-24
Quarter ending March 31, 2024
(Unaudited)

This report summarizes the activities of the General Fund and is not meant to be inclusive of all finance and accounting transactions and excludes encumbrances. Its sole purpose is to provide the City Council and the general public with an overview of the City's general fiscal condition. This report covers the third quarter of FY 24 which ends March 31, 2024.

GENERAL FUND BUDGET POSITION

The City Council adopted the FY 2023-24 budgets on June 20th, 2023 with approved General Fund estimated revenue of $42,920,951 and expenditures of $54,564,221 with these amounts including transfers with other city funds. Adjustments to the budget have increased the expenditure budget to $54,915,873.

GENERAL FUND REVENUES

Table 1 shows the amount and percentage of revenue received in each of the major classifications for the third quarter ending March 31, 2024. The third quarter results for fiscal year 2023 -24 show General Fund revenues at 60% of the budget. The cash receipts are typical at this time of year due to the cyclical nature of when revenue receipts are received. More revenue is received in the second half of the year. In the case of Sales Tax, the majority is received later in the year, and sales tax received in July and August 2024 will be accrued to FY23 -24.

Table 1

GENERAL FUND REVENUES
Quarter Ending March 31, 2024

2023-24AdoptedBudget2023-24AmendedBudget 2023-24Year-To-DateActuals YTD % ofAmendedBudgetRevenue TypeSales Tax 13,742,717$ 13,742,717$ 7,553,880$ 55%Property Tax 13,582,000 13,582,000 7,063,431 52%Utility User Tax 5,295,000 5,295,000 4,323,701 82%Other Taxes & Assessments 2,503,000 2,503,000 483,731 19%Licenses & Permits 901,850 901,850 934,737 104%Fines, Forfeitures, Penalties 886,500 886,500 879,294 99%Use of Money & Property 836,723 836,723 2,846,825 340%Intergovernmental 71,697 71,697 215,118 300%Charges for Services 1,261,200 1,261,200 1,281,689 102%Administrative support 1,118,674 1,118,674 - 0%Miscellaneous 311,400 311,400 320,637 103%Transfer in 2,410,190 2,410,190 - 0%Total Revenues 42,920,951$ 42,920,951$ 25,903,042$ 60% 45 Sales tax (including Measure PS) accounts for 32% of total annual General Fund revenues. Revenues received through the third quarter were 55% of the budgeted amount because the state was still paying sales tax related to the previous fiscal year in July and August. We expect to receive sales tax revenue for FY 24 until August 2024.

Property taxes, including in-lieu payments, account for 32% of total General Fund annual revenues and are collected primarily in December/January and April/May. Through the third quarter, property tax revenues came in at 52% of the annual budget. This percentage is about what is expected at this point, as the next major distribution does not arrive until April/May.

Utility User Tax comprises 12% of the total annual General Fund revenues. These payments are distributed to the City one month after they are collected. As of the end of the third quarter, collections were 82% of the budgeted amount.

Other taxes include Transfer tax, Franchise tax, Cannabis tax, and other small miscellaneous collections. These account for 6% of total General Fund annual revenues. Revenues for the third quarter were 19% of the budgeted amount. The majority of this revenue is received in the months of April, May, and June.

Licenses and Permits comprises 2% of the total General Fund annual revenues. Revenues received through third quarter came in at 104% of the adopted budgeted amount.

Charges for Services comprises 3% of the total General Fund annual revenues. Revenues received through third quarter came in at 102% of the adopted budgeted amount.

Use of money and Property comprises 2% of the total General Fund annual revenues. This revenue stream is primarily derived from interest earned on investments, although it may also include other earnings, such as sale of City properties.

Revenues received through third quarter came in at 340% of the budgeted amount. The significant variance between the budget and actual figures can be attributed to the city's receipt of a lump sum payment for multiple cell tower lease agreements with Crown Castle. The City plans to prepare a year-end journal to recognize the revenue over a 15-year period, which will result in a significant decrease in next quarter’s reporting. Additionally, the Finance Department has yet to reallocate a portion of the investment income to other funds. Consequently, this delay is expected to contribute to a slight decrease in the next quarter's reporting.

46 GENERAL FUND EXPENDITURES

Table 2 highlights the amount and percentage expended by each department. As of the third quarter, the General Fund departments combined have expended 50% of the budget.

Table 2

GENERAL FUND EXPENDITURES
Quarter Ending March 31, 2024

The overall expenditures are at a level that is expected for the third quarter of the fiscal year. This is the result of vendors and contractors invoicing in the month after the work is performed. This means that salaries are current but operating expenses can be a few months behind in being invoiced to the city. Currently, it appears that the city's highest spending is in the area of public safety, which includes fire and sheriff costs.

Department Expenditures2023-24Adopted Budget2023-24Amended Budget2023-24Year-To-DateActualsYTD % ofAmendedBudgetGeneral GovernmentCity Council 388,450$ 388,450$ 239,228$ 62%City Manager 1,957,802 1,957,802 1,577,468 81%City Attorney 315,690 315,690 196,987 62%Information Technology - - - 0%Human Resources 893,025 968,025 520,542 54%City Treasurer 265,655 265,655 210,300 79%Public Safety22,815,812 22,815,812 12,875,955 56%City Clerk848,225 923,225 425,743 46%Finance & Administration488,759 488,759 372,512 76%Community Development5,618,627 5,691,523 3,846,498 68%Public Works3,963,524 3,963,524 2,216,908 56%Community Services4,746,013 4,874,769 3,173,138 65%Successor Agency Admin309,341 309,341 260,082 84%Transfers11,953,298 11,953,298 1,599,172 13% Total Expenditures 54,564,221$ 54,915,873$ 27,514,533$ 50% 47 AGENDA STAFF REPORT

DATE:

April 16, 2024
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Harry Wong, Director of Finance & Administration
SUBJECT:

FY2022-23 ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR)
Agenda Item # 9.4.

Recommendation:

Staff recommends that the City Council receive and file the City's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023.

Background:

TPG conducted a thorough examination of the City's books and has issued an unmodified ("clean") opinion on the financial statements. This unmodified opinion signifies that the City's financial data is accurately presented in accordance with Generally Accepted Accounting Principles (GAAP) in the United States and adheres to the standards outlined in the Government Audit Standards issued by the Comptroller General of the United States. These standards require that the auditors plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free of material misstatement and accurately reflects the City’s financial position.

Discussion and Analysis:

Annual Comprehensive Financial Report
The Annual Comprehensive Financial Report (ACFR) was prepared in accordance with the Governmental Accounting Standard Board (GASB) Statement. The City's ACFR includes financial information for all City funds, and it is presented in three sections:

City Council City Council Regular Meeting 48
1) The Introductory Section of the report includes a table of contents, organizational chart, transmittal letter, and financial awards.
2) The Financial Section contains the independent auditor’s report, management discussion and analysis (MD&A), financial statements, accompanying notes, and supplementary details. 3)The Statistical Section includes ten years of financial data, debt computations, and a variety of demographic, economic and social information that potential readers may find useful for assessing the City’s financial condition.

The government wide statements presented through two main statements: the Statement of Net Position and the Statement of Activities, are the statements that present the City as a whole and present a longer-term view. These statements include all assets and deferred outflows of resources and all liabilities and deferred inflows of resources using the accrual basis of accounting, which is similar to the accounting used by most private sector companies.

All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid.

The fund financial statements provide detailed information about the most significant funds, and not the City as a whole. Some funds are required to be established by State law and/or by bond covenants. However, the City Council establishes many other funds to help control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain taxes, grants, and other restricted sources. The City’s two kinds of funds – governmental and proprietary – use different accounting approaches. Governmental funds use modified accrual accounting, meanwhile proprietary uses full accrual basis of accounting.

Financial Highlights
Net Position
: As of June 30, 2023, the City's net position increased by $35.4 million from the previous year, totaling $219.9 million. This includes $215.4 million from governmental activities and $4.5 million from business-type activities.

Revenues and Expenses
: For FY 2022-23, City total revenues from all sources were $100.9 million and total expenses were $65.5 million. Of the total revenues, program revenues were $62.2 million and general revenues were $38.7 million. Program revenues are broken into: Charges for services at $21.5 million, operating grants and contributions at $33.6 million, and capital grants and contributions at $7.1 million.

General revenues comprised primarily of property taxes in the amount of $13.4 million, sales and use tax in the amount of $13.5 million, utility taxes in the amount of $6.7 million, franchise tax, business license tax and other taxes, and other revenues in the amount of $5.1 million.

Governmental Funds
: The City’s governmental funds reported combined ending fund balance of $123.2 million at June 30, 2023. In FY 2022-23, governmental revenue and other financing sources exceeded expenditures and other financing uses by $8.9 million.

The increase in the governmental funds balance was attributed to a net increase in the General Fund of $15.7 million, resulting from a surplus of revenues over expenses, which was offset by negative net changes in other Major and Nonmajor governmental funds totaling of $6.8 million.

City Council City Council Regular Meeting 49
2023_Lynwood_ACFR_Report2.pdf
General Fund Outlook
In FY 2022-23, General Fund revenues and other financing sources totaled $45.3 million, while expenditures and transfers out totaled to $29.5 million. As a result, the total fund balance increased from $32.7 million to $48.5 million, representing an increase of $15.8 million. It's important to note that the significant increase in the fund balance was primarily attributed to savings generated from
one-time
funds received through the federal government's America Rescue Plan, totaling $9.8 million in revenue. Furthermore, increases in property tax, utility user tax, and revenue from the use of money and property increased the revenues of the General Fund during the fiscal year.

Additionally, The City's ACFR is submitted to the Government Financial Officer's Association of the United States and Canada (GFOA) for potential recognition through the Award of the Certificate of Achievement for Excellence in Financial Reporting. To qualify for this award, the City must publish an efficiently organized report that complies with both Generally Accepted Accounting Principles (GAAP) and relevant laws and regulations. Despite not receiving this award for the past six years since FY2016-17, the City's staff has diligently prepared the FY2022-23 ACFR and has submitted it for award consideration.

Fiscal Impact:

There is no fiscal impact associated with this action.

Coordinated With:

City Manager's Office
ATTACHMENTS:

Description
City Council City Council Regular Meeting 50
51 52

Annual Comprehensive Financial Report
City of Lynwood, California
Year Ended June 30, 2023
With Report of Independent Auditors

Prepared By: Finance Department

53 54
City of Lynwood
Year Ended June 30, 2023
Table of Contents

PAGE
INTRODUCTORY SECTION (Unaudited)
Letter of Transmittal ...................................................................................................................................................... i City Organizational Chart ............................................................................................................................................. vii Finance Department Organizational Chart .................................................................................................................viii City Officials ................................................................................................................................................................ ix

FINANCIAL SECTION
........................................................................................ 1 quired Supplementary Information) (Unaudited) ......................... 5 Basic Financial Statements:

Government-Wide Financial Statements
Statement of Net Position .............................................................................................................................. 18 Statement of Activities ................................................................................................................................... 20 Fund Financial Statements:

Governmental Funds
Balance Sheet ................................................................................................................................................. 26 Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position ............................................................................... 29 Statement of Revenues, Expenditures, and Changes in Fund Balances ........................................................ 30 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities ....................................................... 32 Proprietary Funds:

Statement of Net Position .............................................................................................................................. 34 Statement of Revenues, Expenses, and Changes in Net Position .................................................................. 37 Statement of Cash Flows ............................................................................................................................... 38 Fiduciary Fund:

Statement of Fiduciary Net Position .............................................................................................................. 43 Statement of Changes in Fiduciary Net Position ........................................................................................... 44 Notes to the Basic Financial Statements ............................................................................................................. 49 Required Supplementary Information (Unaudited)
Budgetary Comparison Sche ............... 109
ng Authority Special Revenue Fund .................................................... 110 intenance Special Revenue Fund ........................................... 111 scue Plan Special Revenue Fund .............................................. 112 Notes to the Budgetary Comparison Schedule ....................................................................................................... 113 Schedule of Changes in the Net Pension Liability scellaneous Plan ............................... 114 116
......... 118
............... 120
Schedule of Changes in the Net OPEB Liability and Related Ratios ................................................................... 122 Postemployment Benefits Plan ....................................................................... 124 55 City of Lynwood
Year Ended June 30, 2023
Table of Contents (Continued)

PAGE

FINANCIAL SECTION (CONTINUED)
Supplementary Information:

Schedules of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual:

Capital Improvement Projects Capital Projects Fund ............................................................................... 129 Nonmajor Governmental Funds:

Description of Nonmajor Governmental Funds .............................................................................................. 131 Combining Balance Sheet ............................................................................................................................... 135 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ....................................... 144 Schedules of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual:

HUD Home Program Special Revenue Fund ............................................................................................ 153 Prop C Special Revenue Fund .................................................................................................................. 154 RMC Grant Special Revenue Fund ........................................................................................................... 155 Retirement Special Revenue Fund ............................................................................................................ 156 Gas Tax Fund Special Revenue Fund ....................................................................................................... 157 SB 821 Special Revenue Fund .................................................................................................................. 158 Prop A Fund Special Revenue Fund ......................................................................................................... 159 Measure R Special Revenue Fund ............................................................................................................ 160 Air Quality Improvement Special Revenue Fund ..................................................................................... 161 State COPS Program Special Revenue Fund ............................................................................................ 162 Lighting Maintenance Special Revenue Fund .......................................................................................... 163 Safe Clean Water Special Revenue Fund .................................................................................................. 164 Impact Fees Special Revenue Fund .......................................................................................................... 165 Public Art Special Revenue Fund ............................................................................................................. 166 Litter Abatement Special Revenue Fund .................................................................................................. 167 Housing Community Development (HUD) Special Revenue Fund ......................................................... 168 Business Improvement District Special Revenue Fund ............................................................................ 169 Beverage Container Recycling Grant Special Revenue Fund ................................................................... 170 LA County Park Maintenance Grant Special Revenue Fund .................................................................... 171 Used Oil Recycling Grant Special Revenue Fund .................................................................................... 172 Justice Assistance Special Revenue Fund ................................................................................................. 173 Enterprise Zone Program Special Revenue Fund ..................................................................................... 174 Cannabis Cultivation Special Revenue Fund ............................................................................................ 175 Measure M Special Revenue Fund ........................................................................................................... 176 SB 1 Special Revenue Fund ...................................................................................................................... 177 HSIP Special Revenue Fund ..................................................................................................................... 178 LEAP Grant Special Revenue Fund .......................................................................................................... 179 Transportation Special Revenue Fund ...................................................................................................... 180 Urban Greening Special Revenue Fund .................................................................................................... 181 Capital Grant Special Revenue Fund ........................................................................................................ 182 DTSC-ECRG Special Revenue Fund........................................................................................................ 183 Measure M Bond Capital Projects Fund ................................................................................................... 184 2019 Lease Revenue Bonds Capital Projects Fund ................................................................................... 185 2012 Measure R Bond Proceeds Capital Projects Fund ............................................................................ 186 2017 Lease Revenue Bonds Debt Service Fund ....................................................................................... 187 City of Lynwood Debt Service Fund ........................................................................................................ 188 56 City of Lynwood
Year Ended June 30, 2023
Table of Contents (Continued)

PAGE

FINANCIAL SECTION (CONTINUED)
Supplementary Information (Continued):

Internal Service Funds:

Description of Internal Service Funds ............................................................................................................. 189 Combining Statement of Net Position ............................................................................................................. 191 Combining Statement of Revenues, Expenses and Changes in Net Position .................................................. 192 Combining Statement of Cash Flows .............................................................................................................. 193

STATISTICAL SECTION (UNAUDITED)
Description of Statistical Section Contents ............................................................................................................ 197 Net Position by Component ................................................................................................................................... 198 Changes in Net Position ......................................................................................................................................... 200 Fund Balances of Governmental Funds ................................................................................................................. 204 Changes in Fund Balances of Governmental Funds .............................................................................................. 206 Tax Revenues by Source of Governmental Funds ................................................................................................. 209 Assessed Value ...................................................................................................................................................... 210 Direct and Overlapping Property Tax Rates .......................................................................................................... 212 Principal Property Taxpayers ................................................................................................................................. 214 Property Tax Levies and Collections ..................................................................................................................... 215 Taxable Sales by Category ..................................................................................................................................... 216 Direct and Overlapping Sales Tax Rates ............................................................................................................... 218 Principal Sales Tax Remitters ................................................................................................................................ 219 Ratios of General Bonded Debt Outstanding ......................................................................................................... 221 Ratios of Outstanding Debt by Type ...................................................................................................................... 222 Direct and Overlapping Governmental Activities Debt ......................................................................................... 225 Legal Debt Margin Information ............................................................................................................................. 226 Pledged Revenue Coverage.................................................................................................................................... 228 Demographic and Economic Statistics ................................................................................................................... 230 Principal Employers ............................................................................................................................................... 231 Full-Time Equivalent City Government Employees by Function/Program ........................................................... 232 Operating Indicators by Function/Program ............................................................................................................ 233 Capital Asset Statistics by Function/Program ........................................................................................................ 234 57 This page intentionally left blank
58 i
March 29, 2024

Honorable Mayor and Members of
the City Council City of Lynwood,
California

We are pleased to present to you and the Lynwood residents the City's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023. The ACFR presents the City's financial position and changes therein, for its various funding sources. The basic financial statements and supporting schedules have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (US GAAP), as established by the Governmental Accounting Standards Board (GASB).

Our Annual Comprehensive Financial Report is presented in three sections:

The Introductory Section includes management's transmittal letter and the organizational structure and profile of the City.

The Financial Section is prepared in accordance with the GASB 34 requirements and contains the Management's Discussion and Analysis (MD&A), the Basic Financial Statements including notes, the Required Supplemental Information, and the Disclosure of Restricted Net Position. The Basic Financial Statements include the government-wide financial statements that present an overview of the City's entire financial operations, and fund financial statements that present the financial information of each of the City's major funds, as well as non-major governmental funds.

Also, included in this section is the Independent Auditor's Report.

The Statistical Section is prepared in accordance with GASB 44 requirements and reflects the Economic Condition of Reporting entities. It includes ten years of financial data, debt computations, and a variety of demographic, economic and social information that may be of interest to potential investors in the City's bonds and to other interested readers.

This report consists of management's representations concerning the finances of the City.

Consequently, management assumes full responsibility for the completeness and reliability of the information presented in this report. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed to protect the government's assets from loss, theft, or misuse, to compile sufficient reliable information for the preparation of the City's financial statements in conformity with US GAAP, and to comply with other laws and regulations. Because the cost of internal controls should not outweigh their benefits, the City's comprehensive framework of internal controls was designed to provide reasonable, rather than absolute, assurance that the financial statements will be free from material misstatements. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.

59 ii
The City's financial statements have been audited by an independent auditing firm that is licensed as certified public accountants, The Pun Group, LLP. The objective of the independent audit was to provide reasonable assurance that the financial statements of the City for the fiscal year ended June 30, 2023, are free of material misstatement. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion on the City's financial statements for the fiscal year ended June 30, 2023. The Independent Auditor's Report is presented as the first component of the Financial Section of this report.

GASB Statement No. 34 (GASB 34) requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City's MD&A can be found immediately following the report of the independent auditor.

The Statistical Section has been updated to reflect GASB Statement 44 (GASB 44), Economic Condition of Reporting. The Statistical Section can be found following the Financial Section.

THE REPORTING ENTITY AND ITS SERVICES

The City has defined its reporting entity in accordance with the accounting principles generally accepted in the United States of America (US GAAP), which provide guidance for determining which governmental activities, organizations, and functions should be included in the reporting entity. The Basic Financial Statements present information on the activities of the City and its component units.

The following elements are included in the City's ACFR:

Management's Discussion and Analysis(MD&A)
Government-Wide Financial Reporting
Fund Financial Statements and its Notes
Expanded Budgetary Reporting

US GAAP requires that the component units be separated into either blended or discretely presented units for reporting purposes. The City does not have any discretely presented component units, but it presents blended units. These include the Lynwood Public Financing Authority (LPFA), the Lynwood Utility Authority (LUA), and the Lynwood Housing Authority (LHA).

The Lynwood Unified School District was not included due to its limited relationship with the City.

The City is also represented by a number of regional agencies that are excluded from the City's reporting entity.

PROFILE OF THE GOVERNMENT

The City of Lynwood voters approved the City's incorporation on July 1, 1921. The City is situated approximately 13 miles south of downtown Los Angeles at the intersection of the 710 and 105 freeways in Los Angeles County. The City has grown from an agricultural area in the early 1900's to its present residential and growing industrial and commercial importance. The City covers 4.9 square miles and serves a residential population of over 66,228.

60 iii
The City Council is the governing body of the City and is comprised of five elected officials. All Council members are elected at large to serve four-year terms. One of the Council members is elected by the other four members to be the Mayor for the upcoming year. The City Council appoints a City Manager who carries out the City Council policies and provides administrative direction to the City.

The City provides a full range of services contemplated by statute, including those functions delegated to cities under state law. These services include public safety (which are contracted to Los Angeles County), public works, recreational and cultural activities, public improvements, planning, zoning, and general administrative services. Other services - such as sanitation, flood control and transportation - are provided by special districts with the City being a member.

The City's budget is a detailed operating plan that identifies estimated costs in relation to estimated revenues. The budget includes: (1) the programs, services, and activities to be carried out during the fiscal year; (2) the estimated revenue available to finance the operating plan; and (3) the estimated spending requirements for the operating plan. The budget represents a process wherein policy decisions by the City Council are adopted, implemented and controlled. The Notes to the Basic Financial Statements summarize the budgetary roles of various City officials and the timetable for their budgetary actions according to City policy.

City policy prohibits expending monies for which there is no legal appropriation. The City Manager is authorized to administer the budget and may transfer monies from one activity, program, or project to another within the same fund and department. Supplemental appropriations or transfer of appropriations that affect a fund or department level budget must be approved by the City Council.

The City also maintains an encumbrance accounting system to provide budgetary controls for governmental funds. Encumbrances, which would result in an overrun of an account balance, are suspended until additional funding is made available via budget change requests or are withdrawn due to a lack of funding. Encumbrances outstanding at June 30th and carried forward are reported as reservations of the appropriate governmental fund's fund balance. They represent the estimated amount of the expenditure ultimately to result if unperformed contracts in-process at fiscal year-end are completed. They do not constitute expenditures or liabilities.

FACTORS AFFECTING FINANCIAL CONDITION

The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City operates.

ECONOMIC CONDITION

California and the Federal government have declared the termination of COVID-19 emergency on February 28, 2023 and April 4, 2023, respectively. However, while the threat of COVID-19 pandemic diminished considerably in 2023, its risk is still far from insignificant. Community now faces a new normal to co-exist with the COVID-19 virus, which means we expects to see business activities gradually recovering, but they will take longer time to reach back the pre-pandemic level.

Economically, the local economy continues to recover and remain in the low to moderate territory.

Cautionary factors such as inflationary pressures and continued recessionary fears remain concerns that may affect economic growth. Global supply chain issue also remains a concern, as well as the continuing events in Europe and the Middle East. Overall, the outlook continues to be 61 iv
economic conditions. The Fiscal Year (FY) 2023-24 budget was developed in the context of the City gradually recovering from the impact of the pandemic, but still facing inflationary and recessionary challenges.

The 2023-24 budget was very challenging as the City faced increased costs in public safety and insurances. Revenue growth has been slow, the City has to balance the need of maintaining City services and infrastructure with fiscal conservancy and reserve fund replenishment.

The FY 2023-24 City-wide budget contained revenues of $93.7M, transfer-in of $59.4M, expenditures of $145.0M, and transfers-out of $59.4M with all funds included.

The General Fund FY 2023-24 budget includes $54.6M in recommended expenditures and transfers to other funds. Personnel costs, which include salaries and benefits, represent $8.9M of the total expenditures. Operational costs, which include materials, services and supplies, account for $33.6M of the budget. Debt service and transfers to other funds costs total $11.9M.

Overall FY 2023-24 General Fund expenditures have increased by 32% or $13.2M over the FY 2022-23 budget. However, excluding the increase in contractual service costs related to Public Safety (Los Angeles County Sherriff and Fire), the actual change from FY 2022-23 was an increase of 11.4% or $2.0M. Most of this increase can be attributed to increases in personnel costs, maintenance and operational expenses such as election expense, creation of internal service fund charge back accounts, and public safety costs.

Despite these limitations to the General Fund, the FY 2023-24 budget marked the fourth year since the start of the Covid-19 pandemic, that the City has been able to balance the budget without using its current balance on-hand (often called "reserve fund"). The FY 2023-24 budget did so without any decreases in service delivery or further attrition to the number of City Employees.

by Resolution 2006-110. However, as the City faces rising costs and continued uncertainties of the global and local economies, continue revenue enhancement and cost controls are important in regards to prudent long-term financial planning.

Water and Sewer Proprietary Fund revenues have not kept up with the increase in costs, as the previously approved five-year rate increase plan that went into effect in FY 2016-17 has expired at the end of FY 2021-22. Water rates stayed unchanged even though costs have been increasing.

The total FY 2023-24 operating expense budget for the Water Fund is $12.7M, which is $1.1M over the $11.6M in operating revenue budget. City staff has prepared a new rate study and brought it before Council in FY 2023-24 for approval to ensure the utility revenue is kept in line with its expenditures. The new water rate will be effective in FY 2024-25.

carryover projects.
62 v

CASH MANAGEMENT POLICIES AND PRACTICES

To maximize interest income and maintain liquidity, the City pools operating cash for its various funds and invests the monies in securities of various maturities. City and Agency funds are invested pursuant to the City's Investment Policy in compliance with Section 53601 of the California Government Code. The investment types authorized for investment by the City include the Local Agency Investment Fund (State Pool), U.S. Treasury Obligations, U.S. Government Agency Issues, Certificates of Deposit, Commercial Paper, as well as Mutual Funds and Money Market Funds comprised of eligible securities. The objectives of the Investment Policy are to preserve capital, provide adequate liquidity to meet cash disbursements of the City, and to achieve market- average rates of return. Investments are secured by collateral as required under law, with maturity dates staggered to ensure that cash is available as needed. The City Council receives regular reports from the City Treasurer on the performance of the City's pooled investment program.

Investment of debt proceeds held by bond trustees are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City's Investment Policy.

The City manages its exposure to interest rate risk by purchasing a combination of shorter term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

RISK MANAGEMENT
To finance its risks of general liability and worker's compensation, the City maintains its membership in the Independent Cities Risk Management Authority (ICRMA). The ICRMA is a Joint Powers Authority (JPA), which consists of neighboring southern California cities, whose purpose is to arrange and administer programs for the pooling of self-insured losses, to purchase excess insurances or reinsurances, and to arrange for group-purchased insurance for property, The City participates in programs for worker's compensation and general liability coverage Comp claims or maximum limit allowed by law, with the City's retention of $500,000 for each each occurrence. The City Attorney believes that the above designation is adequate to cover any losses. Costs related to litigation of claims are expensed as incurred.

In addition, the City participates in the ICRMA Property Insurance Program including earthquake $250,000,000 with $10,000 for each occurrence deductible. The property coverage limit is shared by 13 other member cities. Premiums for these policies are paid annually and not subject to retroactive adjustments.

During the past five fiscal (claim) years, none of the above programs of protection have had statements or judgments that exceeded pooled or insured coverage nor have there been any significant reductions in pooled or insured liability coverage from the prior year.

63 64
City of Lynwood Organizational ChartCDBG BoardPublic Safety/Traffic & Parking CommissionPersonnel BoardPlanning CommissionCommunity DevelopmentCity AttorneyCity ManagerPublic WorksHuman ResourcesRecreation &Community Svcs.Finance & AdministrationCity Treasurer City ClerkCity CouncilLynwood Residents Technology ServicesFire Contract Sheriff Contract
vii 65
viii 66
ix
City of Lynwood
Elected Officials as of June 30, 2023
Mayor Oscar Flores
Mayor Pro-Tem Rita Soto
Council Member Gabriela Camacho
Council Member Jose Luis Solache
Council Member Juan Antonio Munoz
City Treasurer Luis Cuellar
City Clerk Maria Quinonez
Administrative Staff as of June 30, 2023
City Manager Ernie Hernandez
Director of Finance & Administration Harry Wong
Sheriff Captain Edmundo F. Torres
Acting Assistant Chief Brad Evans
Acting Director of Public Works Julian Lee
Interim Director of Community Development Gabriel Linares Director of Technology Services Peter Han
Director of Human Resources Patrick Matson
Director of Recreation & Community Services Mark Flores 67 This page intentionally left blank.
68 To the Honorable Mayor and the Members of the City Council of the City of Lynwood
Lynwood, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City ended June 30, 2023, and the related notes to the financial statements, which co statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2023, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America Government Auditing Standards, issued by the
Comptroller General of the United States Our responsibilities under those ilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Emphasis of Matters
Change in Accounting Principle
As described in Note 1 to the financial statements, the City adopted new accounting guidance, GASB Statement No. 96 Subscription Based Information Technology Arrangements during the year ended June 30, 2023. Our opinion is not modified with respect to this matter.
69 To the Honorable Mayor and the Members of the City Council of the City of Lynwood
Lynwood, California

Page 2 ends

2 Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that rai ility to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

dit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, a Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:

exercise professional judgment and maintain professional skepticism throughout the audit.

identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the ngly, no such opinion is expressed.

evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
70 To the Honorable Mayor and the Members of the City Council of the City of Lynwood
Lynwood, California

Page 3 ends

3 Required Supplementary Information

Accounting principles generally accepted in the United States and Analysis, the Budgetary Comparison Schedules, the Schedule of Changes in the Net Pension Liability and fety Plan, the Schedule of Plan Cont
Changes in the Net OPEB Liability and Related Ratios, a Benefits Plan be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for cons responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise dividual nonmajor fund financial statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information

Management is responsible for the other information included in the annual report. The other information comprises the Introductory and the Statistical Sections but does not report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 71 To the Honorable Mayor and the Members of the City Council of the City of Lynwood
Lynwood, California

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4 Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated March 29, 2024, on our l reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an ternal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards rol over financial reporting and compliance.

Santa Ana, California
March 29, 2024

72 City of Lynwood
and Analysis (Unaudited)
For the Year Ended June 30, 2023

5 The Management Discussion and Analysis of the City of Lynw financial activities for the fiscal year ended June 30, 2023.

We encourage readers to consider information noted below transmittal letter and notes to the basic financial statements.

FINANCIAL HIGHLIGHTS
million at June 30, 2023, increased $35.4 million from previous year. Net position is the amount by which total assets and deferred outflow of resources exceed total liabilities and deferred inflows of resources. The net position from governmental activities at June 30, 2023 was $215.4 million, and from business-type activities was $4.5 million.

For FY 2022-23, City total revenues from all sources were $100.9 million and total expenses were $65.5 million.

Of the total revenues, program revenues were $62.2 million and general revenues were $38.7 million. Program revenues are broken into: Charges for services at $21.5 million, operating grants and contributions at $33.6 million, and capital grants and contributions at $7.1 million. General revenues comprised primarily of property taxes in the amount of $13.4 million, sales and use tax in the amount of $13.5 million, utility taxes in the amount of $6.7 million, franchise tax, business license tax and other taxes, and other revenues in the amount of $5.1 million.
fund balance of $123.2 million at June 30, 2023. In
FY 2022-23, governmental revenue and other financing sources exceeded expenditures and other financing uses by $8.9 million. The increase in the governmental funds balance was attributed to a net increase in the General Fund of $15.7 million, resulting from a surplus of revenues over expenses, which was offset by negative net changes in other Major and Nonmajor governmental funds totaling of $6.8 million.

ROAD MAP FOR THE FY 2022-2023 FINANCIAL AUDIT REPORT
section is intended to serve as the intr
statements, which contain the basic financial data, as well as important supplemental information. Included in this report are the activities of the City of Lynwood and its component units, the Lynwood Public Financing Authority, the Lynwood Housing Authority and the Lynwood Utility Authority. The activities are presented using the integrated approach prescribed by the Government Accounting Standards Board (GASB) Statement No. 34. Also according to GASB Statement No. 34, certain interfund receivables, payables, and other interfund activities have been eliminated from the financial statements as they do not have a net impact.

ements. The Statement of Net Position and the Statement of Activities provide information about the activities of the City finances. Fund Financial Statements explain how these services were financed in the short-term as well as what remains for future spending. Fund financial statements also report significant funds. The remaining statements provide financial information about activities for which the City acts solely as a trustee or agent for the benefit of those outside of the government.

Reporting the City as a Whole: Statement of Net Position and Statement of Activities

One of the most important questions on whole better off or worse off as a result d the Statement of Activities report information about the City as a whole and about its activities in a way that helps answer this question. These statements include all assets and deferred outflows of resources and all liabilities and deferred inflows of resources using the accrual basis of accounting, which is similar to the accounting used by most private sector companies. All of are taken into account regardless of when cash is received or paid.

73 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

6 and changes affecting it. The
assets and deferred outflows of resources, net of total liabiliti financial position. Over time, increases or
be a good indicator of whether its financial health is improving or deteriorating. However, the need exists to consider the overall health of the City.

The Statement of Net Position and the Statement of Activities present information about the following:

Governmental Activities ered to be governmental activities, including general government, community development, public safety, public works and parks and recreation. Property taxes, sales taxes, charges for services, franchise fees and other similar revenue sources pay for most of these activities.

Business-type Activities - d to recover all or a significant portion of their costs through users fees and charges including water system, sanitary sewer activities, and transit activities.

Component Units - blending of the Lynwood Public Financing Authority and Lynwood Housing Authority. Although lega
because of the significance of their operational and financial relationship with the City. The Lynwood Utility Authority is included in the business-type activities in the Statement of Net Position and Activities.

The fund financial statements provide detailed information about the most significant funds, and not the City as a whole.

Some funds are required to be established by State law and by bond covenants. However, the City Council establishes many other funds to help control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain taxes, grants, and other restri

Governmental Funds ported in governmental funds, which focus on how money flows into and out of those funds, and the balance left at year-end that is available for spending. These funds are reported using an accounting method called the modified accrual basis of accounting, which measures cash and all other financial assets that can readily be converted to cash. The governmental fund statements provide a detailed short-term view of the and the basic services it provides.

Governmental fund information helps to determine whether there are more or less financial resources that can be spent in the near future to finance e relationship (or differences) between governmental activities (reported in the Statement of Net Position and the Statement of Activities) and governmental funds in the reconciliation following the fund financial statements.

Proprietary Funds oprietary funds: enterprise funds and internal service funds. Enterprise funds are used to report the same functions presented as business type activities in the government-wide financial statements. The City uses enterprise funds to account for the operations for its water system, sanitary sewer activities and transit activities. Internal service funds are an accounting device used to accumulate and allocate costs internally
Fund, Information Technology Fund and Self Insurance fund. Individual fund data for the internal service funds is provided in the form of combining statements in this report.

74 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

7 The City maintains a separate fund to report the activities of the Successor Agency to the Dissolved Redevelopment Agency. The Successor Agency is presented as a Private-purpose Trust Fund in the financial statements. The accounting used for fiduciary funds is much like that used for proprietary funds.

Notes to the Financial Statements

The notes to the financial statements provide additional information that is important to obtain a full understanding of the data in the government-wide and fund financial statements. The notes are located immediately following the basic financial statements.

Other information

In addition to the basic financial statement and accompanying notes, this report also presents certain required supplementary information. Required supplementary information may be found immediately following the notes to the financial statements. This section includes the budgetary comparison for the General Fund, the schedules of changes in proportionate share of the
plan, the schedules of contribution, and the schedules of changes in net OPEB liabilities. The combing statements for other governmental funds, the individual fund schedule, and the internal service fund statements are presented immediately following the required supplementary information.

THE CITY AS A WHOLE

on, for the Governmental and Business-Type Activities.

Table 2 reflects change in the net position due to differences in actual revenues and expenses. The City reports its sewer, water, and transportation activities as business-type activities.

75 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

8 Table 1
Summary of Net Position

Fiscal Year 2022-23 (CURRENT) Fiscal Year 2021-22 (PRIOR)Governmental ActivitiesBusiness-type ActivitiesTotalGovernmental Activities(As Restated)Business-type ActivitiesTotalAssets:Current Assets & Other Assets 165,323,898$ 36,737,696$ 202,061,594$ 144,691,941$ 37,838,861$ 182,530,802$ Capital Assets 198,149,022 22,491,942 220,640,964 188,932,572 20,687,875 209,620,447 Total Assets 363,472,920 59,229,638 422,702,558 333,624,513 58,526,736 392,151,249 Deferred outflow of resources14,105,003 2,925,635 17,030,638 7,573,201 1,594,937 9,168,138 Liabilities:Other Liabilities 22,424,487 2,329,648 24,754,135 19,690,266 2,189,747 21,880,013 Long-Term Debt Outstanding 130,284,517 54,425,762 184,710,279 120,659,195 52,153,336 172,812,531 Total Liabilities 152,709,004 56,755,410 209,464,414 140,349,461 54,343,083 194,692,544 Deferred inflow of resources9,434,003 909,047 10,343,050 19,403,098 2,670,014 22,073,112 Net Position:Net investment in capital assets 148,767,929 (1,903,364) 146,864,565 141,239,601 (4,659,674) 136,579,927 Restricted 61,048,363 910,021 61,958,384 60,003,916 675,254 60,679,170 Unrestricted 5,618,624 5,484,159 11,102,783 (19,798,362) 7,092,996 (12,705,366) Total Net Position 215,434,916$ 4,490,816$ 219,925,732$ 181,445,155$ 3,108,576$ 184,553,731$ combined net position (governmental and business-type activities) totaled $219.9 million, up $35.4 million for the year.

Total assets were $422.7 million, deferred outflow of resources were $17.0 million. Total liabilities, including net pension and other post-employment benefits liabilities, were $209.5 million, deferred inflow of resources were $10.3 million as of June 30, 2023.

Net Position consists of three categories: net investment in capital assets, restricted, and unrestricted. The largest portion pproximately $146.9 million at June 30, 2023, was the City including land, building, equipment, and infrastructure net of accumulated depreciation and amortization and related debt for acquiring these capital assets. Since the capital assets are used to provide services to citizens; they are not

The restricted net position totaled $61.9 million at June 30, 2023. These are resources subject to external restrictions limits on how they can be used. The restricted net position includes primarily grants, retirement/pension, various nonmajor special revenue funds, debt service funds and capital projects funds.

The remaining unrestricted net position was $11.1 million. Unrestricted represents the amount of net position that is not restricted or invested in capital assets. The primary reason for the positive unrestricted net position is a positive net change in governmental activities of $33.9 million, primarily attributed to higher revenue over expenses. This increase in revenue over expenses was largely attributed by the receipt of the second half of the American Plan allocation in FY 2022-23. These funds helped alleviate some costs from other governmental funds, particularly one-time expenses, contributing to the positive unrestricted net position.

76 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

9 Table 2
Change in Net Position

2023, increased from $184.5 million to $219.9 million. There is a surplus between the actual revenues of $100.9 million and the actual expenses of $65.5 million. As reflected in the above table, the difference in revenue and expenses is a surplus of $35.4 million. Governmental Activities resulted in a surplus $33.0 million before transfers; and Business-Type Activities had a surplus of $2.4 million before transfers.

6 million to $100.9 million, which was primarily attributed to $7.5 million increase in grant revenue because the C can Rescue Plan Act (ARPA) grant distribution. Furthermore, the general economic recovery contributed to revenue growth across various general revenue categories.

Fiscal Year 2022-23 (CURRENT) Fiscal Year 2021-22 (PRIOR) Governmental
Activities
Business-Type
Activities T otal
Governmental
Activities
Business-Type
Activities Total
Revenues:

Program Revenues
Charges for Services 7,307,948$ 14,171,434$ 21,479,382$ 9,358,362 $ 15,110,900$ 24,469,262$ Operating Grants and
and contributions 33,621,978 - 33,621,978 30,557,979 - 30,557,979 Capital grants and
contributions 7,122,510 - 7,122,510 2,554,198 - 2,554,198 Subtotal 48,052,436 14,171,434 62,223,870 42,470,539 15,110,900 57,581,439 General Revenues
Property taxes 13,388,778 - 13,388,778 12,517,589 - 12,517,589 Sales and use taxes 13,528,574 - 13,528,574 14,171,446 - 14,171,446 Utility user tax 6,748,187 - 6,748,187 5,776,593 - 5,776,593 Franchise taxes 881,816 - 881,816 827,532 - 827,532 Business license taxes 763,394 - 763,394 808,295 - 808,295 Other taxes 862,142 - 862,142 178,425 - 178,425 Use of money and property 961,083 339,972 1,301,055 (502,623) (132,905) (635,528) Miscellaneous 1,254,778 - 1,254,778 414,260 - 414,260 Subtotal 38,388,752 339,972 38,728,724 34,191,517 (132,905) 34,058,612 Total 86,441,188 14,511,406 100,952,594 76,662,056 14,977,995 91,640,051 Expenses:

General Government 5,592,256 - 5,592,256 9,891,951 - 9,891,951 Public Safety 17,304,975 - 17,304,975 15,921,610 - 15,921,610 Public Works 16,820,555 - 16,820,555 13,071,418 - 13,071,418 Community Development 7,331,130 - 7,331,130 5,991,316 - 5,991,316 Parks and Recreation 3,774,275 - 3,774,275 2,790,907 - 2,790,907 Interest and Fiscal Charges 2,628,236 - 2,628,236 2,998,678 - 2,998,678 Water and Sewer - 12,129,166 12,129,166 - 15,557,904 15,557,904 T ransit - - - - - - Total 53,451,427 12,129,166 65,580,593 50,665,880 15,557,904 66,223,784 Excess of revenue over expenses
before transfers 32,989,761 2,382,240 35,372,001 25,996,176 (579,909) 25,416,267 T ransfers 1,000,000 (1,000,000) - 1,002,089 (1,002,089) - Change in net position 33,989,761 1,382,240 35,372,001 26,998,265 (1,581,998) 25,416,267 Prior Period Adjustment - - - 19,988 - 19,988 Net position, beginning as Note 17 -
restated 181,445,155 3,108,576 184,553,731 154,426,902 4,690,574 159,117,476 Net position, ending 215,434,916$ 4,490,816 $ 219,925,732$ 181,445,155$ 3,108,576 $ 184,553,731$ 77 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

10 For example, there was an $0.8 million increase in property tax revenue resulting from a 2% rate increase on all classes of property, as well as a $0.9 million increase in utility user tax. The most significant revenue increase came from "use of money and property," primarily due to positive returns on the City's investments. Despite the overall positive revenue growth, there was a $0.7 million decrease in sales and use tax revenue. This decline was primarily attributed to sales tax returning to its normal trends following the pandemic, indicating a shift back to pre-pandemic consumption patterns.

Governmental Activities

Table 3 presents the cost of each of the government, public safety, public works, community development, parks and recreation, and interest on long-term debt, al cost less revenues generated by the activities.) The net cost shows the financial taxpayers by each of these functions.

Table 3
Governmental Activities
Net Cost of Services
Fiscal Year 2021-22 (PRIOR)Expenses Program RevenuesTotalExpenses Program RevenuesTotalFunctions/ProgramsGeneral Government 5,592,256$ 16,810,005$ 11,217,749$ 9,891,951$ 13,850,499$ 3,958,548$ Public Safety 17,304,975 83,689 (17,221,286) 15,921,610 3,050,707 (12,870,903) Public Works 16,820,555 22,456,202 5,635,647 13,071,418 16,397,838 3,326,420 Community Development 7,331,130 8,433,070 1,101,940 5,991,316 8,971,250 2,979,934 Parks and Recreation 3,774,275 269,470 (3,504,805) 2,790,907 200,245 (2,590,662) Interest and fiscal charges 2,628,236 - (2,628,236) 2,998,678 - (2,998,678) 53,451,427$ 48,052,436$ (5,398,991)$ 50,665,880$ 42,470,539$ (8,195,341)$ Fiscal Year 2022-23 (CURRENT)

ities amounted to $53.5 million, reflecting an increase of $2.8 million compared to the FY 2021-22 expenditure of $50.7 million. Concurrently, the program revenue generated by Governmental Activities increased, rising by $5.6 million from $42.5 million in FY 2021-22 to $48.1 million in FY 2022 23. As a result of these respective changes in expenses and program revenues, the net cost of Governmental Activities amounted to $5.4 million in FY 2022-23, representing a reduction of $2.8 million compared to the net cost of $8.2 million recorded in FY 2021-22.

Overall, the cost of government in FY 2022-23 exceeded the program revenues generated to support it.

78 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

11 BUSINESS-TYPE ACTIVITIES
Activities: water, sewer and tran
net cost:

Table 4
Business-Type Activities
Net Cost of Services

In FY 2022-23, the cost of the water and sewer activities amounted to $12.1 million. Concurrently, the program revenue generated by these activities totaled $14.1 million, resulting in a net gain of $2.0 million. This positive net gain can be attributed to the recovery of the economy, which likely increased demand for water and sewer services, as well as a decline in water bill delinquencies due to the easing of the impact of the COVID-19 pandemic on households.

The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The focus on on near-term inflows and outflows during the fiscal year and balances of spendable resources at the end of the fiscal year. Su requirements to meet the current needs. Unassigned fund ba resources available for appropriations.

combined fund balances of $123.2 million, an $8.9 million increase from the prior fiscal year's fund balance of $114.3 million. This increase was primarily driven by a $15.7 million increase in the General Fund, partially offset by a $(0.6) million decrease in the Housing Authority Special Revenue Fund, a $(1.6) million decrease in the Landscape Maintenance Special Revenue Fund, and a $(4.6) million decrease in nonmajor governmental funds. The $15.7 million increase in the General Fund balance was primarily attributed to a one- time contribution by the ARPA fund of $9.8 million for public safety costs, along with the inclusion of the Refuse Fund and Street Maintenance Fund into the General Fund.

The fund balance categories of governmental funds displayed $86.8 million in restricted fund balance, $9.6 million in committed fund balance, $36.7 million in assigned fund balance, and $(9.9) million in unassigned fund balance. The unassigned amount comprised $1.9 million from the General Fund, a negative $(6.1) million from the Landscape Maintenance Special Revenue Fund, and a negative $(5.7) million from nonmajor governmental funds.

There are five major funds which are General Fund, Housing Authority Special Revenue Fund, Landscape Maintenance Special Revenue Fund, Capital Improvement Fund and American Rescue Plan Special Revenue Fund, and thirty-seven nonmajor governmental funds in the governmental funds.

Fiscal Year 2022-23 (CURRENT) Fiscal Year 2021-22 (PRIOR) Expenses
Program
Revenues Total Expenses
Program
Revenues Total
Functions/Programs
Water and Sewer 12,129,166$ 14,171,434$ 2,042,268 $ 15,557,904$ 15,110,900$ (447,004) $ 12,129,166$ 14,171,434$ 2,042,268 $ 15,557,904$ 15,110,900$ (447,004) $ 79 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

12 General Fund is the primary operating fund of the City, financing a wide range of services including public safety, public works, community development, park and recreation, and general administrative services. In FY 2022-23, General Fund revenues and other financing sources totaled $45.3 million, while expenditures and transfers out amounted to $29.6 million. As a result, the total fund balance increased from $32.7 million to $48.5 million, representing an increase of $15.8 million.

This increase in the fund balance was attributed to several factors. Firstly, there was $9.8 million in revenue recognized from the ARPA fund. Additionally, the inclusion of the Refuse Fund and Street Maintenance Fund into the General Fund contributed to the growth in fund balance. Furthermore, increases in property tax, utility user tax, and use of money and property also played a significant role in boosting revenues for the General Fund during the fiscal year.

Housing Authority Special Revenue Fund accounts for financial activities of low and moderate income housing fund in accordance with the applicable housing-related regulations. Housing fund received payments from Success Agency ROPS payments to satisfy obligation of pending construction of low-moderate income units. The fund balance in FY 2022-23 was $29.6 million, a decrease of $0.6 million from FY 2021-22. Housing fund received payments from Successor Agency ROPS payments to satisfy obligation of pending construction of Atlantic Housing Project.

Landscape Maintenance Special Revenue Fund accounts for financial activities of landscape maintenance special revenue fund. The fund balance in FY 2022-23 was negative $6.1 million, a decrease of $1.6 million from FY 2021-22.

American Rescue Plan Special Revenue Fund accounts for financial activities of the American Rescue Plan Act (ARPA) funds and expenditures. On March 10, 2021, ARPA was approved by the federal government, the plan provides stimulus to the United State economy. City is allocated $24.4 million. The first allocation $12.2 million was received in August 2021 and the second was received in September 2022. In October 2021, City adopted Economic & Community Enhancement Plan to outline the spending plan which majority in road, building, park, water and sewer infrastructure.

The FY2022-23 revenue equaled expenditure at $10.0 million, which resulted in zero ending fund balance as of June 30, 2023.

Capital Improvement Fund accounts for activities related to capital improvement projects within the city. This fund is primarily funded through various sources, including special grant funds, bond proceeds, and local returns. These funds are dedicated to financing essential infrastructure projects such as roads, bridges, public buildings, parks, and other major investments aimed at improving the community's overall quality of life and infrastructure. The ending fund balance for this fund is $0.4 million.

General Fund Budgetary Highlights

In the final general fund budget for FY 2022-23, estimated revenues and other financing sources were projected at $41.8 million. However, the year-end actual revenues for the General Fund, including other financing sources, totaled $45.3 million, exceeding the budgeted amount by $3.5 million. The variance in actual versus budgeted revenues was primarily attributed to taxes and assessments, fines, forfeitures, and miscellaneous revenues. Specifically, tax and assessment revenues exceeded expectations by $0.9 million, driven by higher-than-anticipated collections from property tax and utility user taxes. Furthermore, miscellaneous revenue came in higher than expected because of a one-time settlement, resulting in an additional $0.7 million in revenue for the city.

The adopted general fund expenditure (including transfer out) budget for this fiscal year was $31.9 million. The final general fund budget (including transfer out) was $32.8 million while the actual expenditures (including transfers out) totaled $29.6 million. The variance was mainly due to citywide salary saving from vacant positions and other cost controls.
80 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

13 Capital Assets
At the end of Fiscal Year 2022-23, the City had $220.6 million invested in capital assets. Of this amount, $198.1 million is related to Governmental Activities and $22.5 million to Business-type Activities. These amounts represent an increase from the previous year (FY 2021-22) of $11.0 million, wh including $188.9 million in Governmental Activities and $20.7 million in Business-type Activities.

Table 5
Capital Asset

l Assets can be found in the notes to the basic financial statements (Note 8).

Long-Term Debt
for approximately $134.0 million in total long-term debt, which consist of revenue bonds, loans, lease payable, subscription payable claims payable, compensated absences, accrual for postemployment benefits and net pension liability. Another $55.5 million in long term debt was outstanding for the business-type activities.

Table 6
Outstanding Long-Term Debt

erm debt can be found in the notes to the basic financial statements (Note 9).

Fiscal Year 2022-23 (CURRENT) Fiscal Year 2021-22 (PRIOR) Governmental
Activities
Business-type
Activities Total
Governmental
Activities
(As Restated)
Business-type
Activities
Total
Capital assets not being
depreciated 85,174,916$ 4,082,041$ 89,256,957$ 85,332,362$ 2,345,306$ 87,677,668$ Capital assets, net of
accumulated depreciation 112,830,106 18,406,980 131,237,086 103,175,776 18,337,974 121,513,750 Intangible assets, net of
accumulated depreciation 144,000 2,921 146,921 424,434 4,595 429,029 198,149,022$ 22,491,942$ 220,640,964$ 188,932,572$ 20,687,875$ 209,620,447$ Balance Deletions/ Balance Due Within
July 1, 2022 Additions Repayments June 30, 2023 One Year Governmental Activities:

Compensated absences 1,633,976$ 427,616 $ (440,702)$ 1,620,890$ 405,222 $ Net pension liability 28,647,906 8,130,108 36,778,014 - Net OPEB liability 18,090,774 (1,846,471) 16,244,303 - Claims payable 5,444,000 256,770 (876,770) 4,824,000 746,469 Lease payable 410,681 (369,444) 41,237 25,792 Subscription liabilities 83,465 (33,062) 50,403 33,581 Loans, bonds and certificates 77,050,289 126,791 (2,712,940) 74,464,140 3,484,786 T otal 131,361,091 $ 8,941,285 $ (6,279,389)$ 134,022,987$ 4,695,850 $ Business-type Activities:

Compensated absences 378,421$ 85,696 $ (96,707)$ 367,410 $ 91,853 $ Net pension liability 4,521,016 3,073,553 7,594,569 - Net OPEB liability 2,970,048 - 221,283 3,191,331 - Lease payable 4,562 (1,671) 2,891 1,331 Revenue bonds 45,370,565 - (982,820) 44,387,745 1,025,000 T otal 53,244,612 $ 3,159,249 $ (859,915) $ 55,543,946$ 1,118,184 $ 81 City of Lynwood
alysis (Unaudited) (Continued)
For the Year Ended June 30, 2023

14 The City implemented a Two-Year Operating Budget for FY 2023-24 and FY2024-25. The fiscal year 2023-25 biennial budget was approved on June 2023, The adopted General Fund operating revenue budget for FY 2024-25 is $41.8 million with an additional $5.6 million for non-operating transfers in for a total of $47.4 million. The adopted General Fund operating expenditure budget for FY 2023-24 is $42.3 million with an additional $12.0 million for non-operating transfers out for a total of $54.3 million. Due to the revenue and other limitations to the General Fund, the City needs to use its current balance on-hand (often called "reserve fund") to balance the budget.

ng (ZBB). ZBB is an approach to budgeting in which each n, with little or no weight given to the precedents of
past year. City Manager have developed fiscal policies such and provide departments a consistent and strategic approach in preparing Two-Year Operating Budget. Every department and function budget were analyzed and expenses justified. Departments need to ensure that they are spending within their means. The overall general fund revenues have continued to improve due the approved Measure PS sales taxes along with strong Bradley Burns sales tax growth. Costs to provide services to the community have also continued to increase due to rising personnel and pension cost. City continues to explore additional sources of revenue to meet expectations for community service, public safety and needed infrastructure and capital improvement.

The adopted revised operating budget for FY 2022-23 reflects City gradually recovering from the impact of the Covid- 19 pandemic, but with the global and local economy still under the clouds of various new uncertainties, such as the events in Europe, inflationary pressures and recessionary fears. City made change in delivery of service models, decreasing staffing levels and consultant services. The City is continuing to look into ways to achieving fiscal sustainability by reducing expenses and
and retirement costs. Overall, the economic outlook continues to be for low to moderate growth and staff continues to the changing economic conditions.

This Annual Comprehensive Financial Report is intended to provide Lynwood citizens, taxpayers, customers, investors ces. If you have any questions about this report, or need additional fiscal information, contact the Department of Finance and Administration at 11330 Bullis Road, Lynwood, California, 90262, phone (310) 603-0220.

82 BASIC FINANCIAL STATEMENTS
15 83
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16 84

GOVERNMENT-WIDE FINANCIAL STATEMENTS
17 85
Governmental Business-Type
Activities Activities Total
ASSETS
Current assets:

Cash and investments 85,689,454 $ 12,286,644$ 97,976,098$ Receivables:

Accounts, net 4,036,552 3,655,527 7,692,079 Interest 62,673 13,571 76,244 Intergovernmental 9,273,119 - 9,273,119 Lease receivable, due in one year 274,499 - 274,499 Prepaid items 69,306 67,398 136,704 Total current assets 99,405,603 16,023,140 115,428,743 Noncurrent assets:

Restricted cash and investments:

Held by City 7,332 - 7,332 Held by fiscal agent 40,397,344 20,714,556 61,111,900 Deposit in trust 300,000 - 300,000 Land held for resale 1,348,326 - 1,348,326 Lease receivable, due in more than one year 4,329,481 - 4,329,481 Notes and loans receivable 19,535,812 - 19,535,812 Capital assets:

Nondepreciable 85,174,916 4,082,041 89,256,957 Depreciable, net 112,830,106 18,406,980 131,237,086 Intangible assets, net 144,000 2,921 146,921 Total capital assets 198,149,022 22,491,942 220,640,964 Total noncurrent assets 264,067,317 43,206,498 307,273,815 Total assets 363,472,920 59,229,638 422,702,558

DEFERRED OUTFLOWS OF RESOURCES
Deferred loss 16,612 190,795 207,407 Pensions related 12,248,677 2,373,413 14,622,090 Other postemployment benefits related 1,839,714 361,427 2,201,141 Total deferred outflows of resources 14,105,003 2,925,635 17,030,638 (Continued)
Primary Government
City of Lynwood
Statement of Net Position
June 30, 2023
See accompanying Notes to the Basic Financial Statements. 18 86
Governmental Business-Type
Activities Activities Total

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 8,373,138 972,956 9,346,094 Accrued interest payable 998,046 129,862 1,127,908 Retention payable 733,840 - 733,840 Deposits 3,377,817 108,646 3,486,463 Unearned revenue 4,245,796 - 4,245,796 Long-term liabilities - due within one year 4,695,850 1,118,184 5,814,034 Total current liabilities 22,424,487 2,329,648 24,754,135 Noncurrent liabilities:

Advance from Successor Agency 957,380 - 957,380 Long-term liabilities - due in more than one year 76,304,820 43,639,862 119,944,682 Net pension liabilities 36,778,014 7,594,569 44,372,583 Net other postemployment benefits liabilities 16,244,303 3,191,331 19,435,634 Total noncurrent liabilities 130,284,517 54,425,762 184,710,279 Total liabilities 152,709,004 56,755,410 209,464,414

DEFERRED INFLOWS OF RESOURCES
Pensions related 1,672,074 254,507 1,926,581 Other postemployment benefits related 3,331,699 654,540 3,986,239 Lease 4,430,230 - 4,430,230 Total deferred inflows of resources 9,434,003 909,047 10,343,050

NET POSITION
Net investment in capital assets 148,767,929 (1,903,364) 146,864,565 Restricted for:

Public safety 433,009 - 433,009 Community development 35,133,576 - 35,133,576 Public works projects 16,549,899 - 16,549,899 Capital projects 2,956,391 2,956,391
Retirement 2,215,071 - 2,215,071 Debt service 3,760,417 910,021 4,670,438 Unrestricted (deficit) 5,618,624 5,484,159 11,102,783 Total net position 215,434,916$ 4,490,816 $ 219,925,732$ (Concluded)
Primary Government
City of Lynwood
Statement of Net Position (Continued)
June 30, 2023
See accompanying Notes to the Basic Financial Statements. 19 87
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions Governmental activities:

General government 5,592,256 $ 545,276 $ 16,264,729$ - $ Public safety 17,304,975 - 83,689 - Public works 16,820,555 678,923 14,654,769 7,122,510 Community development 7,331,130 5,849,055 2,584,015 - Parks and recreation 3,774,275 234,694 34,776 - Interest and fiscal charges 2,628,236 - - - Total governmental activities 53,451,427 7,307,948 33,621,978 7,122,510 Business-type Activities:

Water and sewer 12,129,166 14,171,434 - - Total business-type activities 12,129,166 14,171,434 - - Total primary government 65,580,593$ 21,479,382$ 33,621,978$ 7,122,510 $ (Continued)
Program Revenues
City of Lynwood
Statement of Activities
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 20 88
Governmental Business-Type
Functions/Programs Activities Activities Total
Governmental activities:

General government 11,217,749 $ - $ 11,217,749$ Public safety (17,221,286) - (17,221,286) Public works 5,635,647 - 5,635,647 Community development 1,101,940 - 1,101,940 Parks and recreation (3,504,805) - (3,504,805) Interest and fiscal charges (2,628,236) - (2,628,236) Total governmental activities (5,398,991) - (5,398,991) Business-type Activities:

Water and sewer - 2,042,268 2,042,268 Total business-type activities - 2,042,268 2,042,268 Total primary government (5,398,991) 2,042,268 (3,356,723) General revenues and transfers:

General revenues:

Taxes:

Property taxes 13,388,778 - 13,388,778 Utility users 6,748,187 - 6,748,187 Sales and use taxes 13,528,574 - 13,528,574 Franchise taxes 881,816 - 881,816 Business license taxes 763,394 - 763,394 Other taxes 862,142 - 862,142 Total taxes 36,172,891 - 36,172,891 Use of money and property 961,083 339,972 1,301,055 Miscellaneous 1,254,778 - 1,254,778 Total general revenue 38,388,752 339,972 38,728,724 Transfers 1,000,000 (1,000,000) -
Total general revenues and transfers 39,388,752 (660,028) 38,728,724 Change in net position 33,989,761 1,382,240 35,372,001 Net position - beginning of year, as restated (Note 17) 181,445,155 3,108,576 184,553,731 Net position - end of year 215,434,916$ 4,490,816 $ 219,925,732$ (Concluded)
Net (Expense) Revenue and
Changes in Net Position
City of Lynwood
Statement of Activities (Continued)
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 21 89
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22 90

FUND FINANCIAL STATEMENTS
23 91
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24 92

GOVERNMENTAL FUND FINANCIAL STATEMENTS
25 93
Housing Authority Landscape American Rescue
General Special Revenue Maintenance Special Plan Special Fund Fund Revenue Fund Revenue Fund
ASSETS
Cash and investments 33,852,628 $ 6,665,945$ 40,000 $ 4,294,420$ Receivables:

Accounts and taxes, net 2,505,529 - - - Interest 45,438 - - - Intergovernmental 2,826,622 - 18,158 - Notes and loans, net - 16,338,777 - - Lease receivable 4,603,980 - - - Due from other funds 14,911,328 - - - Prepaid items 8,507 - - - Restricted cash and investments:

Cash and investments 7,332 - - - Cash and investments with fiscal agents 1,000,064 7,296,855 - - Land held for resale - 850,632 - - Total assets 59,761,428$ 31,152,209$ 58,158 $ 4,294,420$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable 3,299,441 $ 12,384 $ 81,321$ 56,454$ Accrued liabilities 90,494 - 20,752 2,170 Retention payable - - 629 - Deposits 1,532,711 1,500,106 - - Due to other funds - - 6,019,274 - Advances from Successor Agency 957,380 - - - Unearned revenue 10,000 - - 4,235,796 Total Liabilities 5,890,026 1,512,490 6,121,976 4,294,420 Deferred inflows of resources:

Lease 4,430,230 - - - Unavailable revenue 959,753 - - - Total deferred inflows of resources 5,389,983 - - - Fund balances:

Nonspendable 8,507 - - - Restricted:

Public safety - - - - Public works 1,007,396 - - - Community development - 29,639,719 - - Retirement - - - - Capital projects - - - - Debt service - - - - Committed 8,780,272 - - - Assigned 36,746,599 - - - Unassigned (deficit) 1,938,645 - (6,063,818) - Total fund balances (deficit) 48,481,419 29,639,719 (6,063,818) - Total liabilities, deferred inflows of
resources, and fund balances 59,761,428$ 31,152,209$ 58,158 $ 4,294,420$ (Continued)
Major Funds
City of Lynwood
Balance Sheet
Governmental Funds
June 30, 2023
See accompanying Notes to the Basic Financial Statements. 26 94
Major Funds
Capital Nonmajor Total
Improvement Governmental Governmental
Projects Fund Funds Funds
ASSETS
Cash and investments 672,549 $ 27,011,115$ 72,536,657$ Receivables:

Accounts and taxes, net 401,756 1,128,985 4,036,270 Interest - 17,235 62,673 Intergovernmental - 6,428,339 9,273,119 Notes and loans, net - 3,197,035 19,535,812 Lease receivable - - 4,603,980 Due from other funds 2,650,806 - 17,562,134 Prepaid items - - 8,507 Restricted cash and investments:

Cash and investments - - 7,332 Cash and investments with fiscal agents 323,434 31,776,991 40,397,344 Land held for resale - 497,694 1,348,326 Total assets 4,048,545$ 70,057,394$ 169,372,154$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable 2,872,187 $ 1,765,213$ 8,087,000$ Accrued liabilities 1,624 49,729 164,769 Retention payable 733,211 - 733,840 Deposits - 345,000 3,377,817 Due to other funds - 11,272,151 17,291,425 Advances from Successor Agency - - 957,380 Unearned revenue - - 4,245,796 Total Liabilities 3,607,022 13,432,093 34,858,027 Deferred inflows of resources:

Lease - - 4,430,230 Unavailable revenue - 5,891,993 6,851,746 Total deferred inflows of resources - 5,891,993 11,281,976 Fund balances:

Nonspendable - - 8,507 Restricted:

Public safety - 433,009 433,009 Public works - 15,541,338 16,548,734 Community development - 5,342,976 34,982,695 Retirement - 2,215,071 2,215,071 Capital projects 441,523 28,406,783 28,848,306 Debt service - 3,760,417 3,760,417 Committed - 778,668 9,558,940 Assigned - - 36,746,599 Unassigned (deficit) - (5,744,954) (9,870,127) Total fund balances (deficit) 441,523 50,733,308 123,232,151 Total liabilities, deferred inflows of
resources, and fund balances 4,048,545$ 70,057,394$ 169,372,154$ (Concluded)
City of Lynwood
Balance Sheet (Continued)
Governmental Funds
June 30, 2023
See accompanying Notes to the Basic Financial Statements. 27 95
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28 96
Total Fund Balances - Total Governmental Funds 123,232,151$ Amounts reported for governmental activities in the statement of net position are different because:

Nondepreciable assets 85,174,916 $
Depreciable and amortizable assets 112,974,106
Less: Amount reported in Internal Service Fund (296,647) 197,852,375 6,851,746
Compensated absences (1,620,890) $
Revenue bonds, certificates, loans, lease and subscription payable (74,555,780) Loss on defeasance of debt (net of accumulated amortization) 16,612 (76,160,058) Net pension liability (36,778,014) $
Deferred outflows of resources 12,248,677
Deferred inflows of resources (1,672,074) (26,201,411) Net OPEB liability (16,244,303) $
Deferred outflows of resources 1,839,714
Deferred inflows of resources (3,331,699) (17,736,288) (998,046)
8,594,447
Net position of governmental activities 215,434,916$
Internal service funds are used by management to charge the costs of certain activities, such as self- insurance, to individual funds. The assets and liabilities of the internal service funds are added to the statement of net position.

Amount reported in government-wide statement of position:

Unavailable revenues are not available to pay for current period expenditures and therefore are deferred in the funds but recognized as revenue in the Statement of Activities.

Long-term liabilities are not due and payable in the current period and therefore, are not reported in the governmental funds. Governmental funds report the effect of premiums, discounts and gains or losses on debt refundings when the debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities.

Accrued interest payable due on long-term debt not reported in the governmental funds.

Net pension liability and related deferred outflows and inflows of resources are not due and payable in the current period; therefore, are not reported as government funds' liabilities. They are reported in the Statement of Net Position.

Net OPEB liability and related deferred outflows and inflows of resources are not due and payable in the current period; therefore, are not reported as government funds' liabilities. They are reported in the Statement of Net Position.

City of Lynwood
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position
June 30, 2023
Capital assets used in governmental activities are not current financial resources and therefore are not reported in governmental funds. Those assets consist of:

See accompanying Notes to the Basic Financial Statements. 29 97
Housing Authority Landscape American Rescue
General Special Revenue Maintenance Special Plan Special Fund Fund Revenue Fund Revenue Fund
REVENUES:

Taxes and assessments 37,064,362 $ - $ 1,068,938$ - $ Licenses and permits 1,018,789 - - - Fines, forfeitures and penalties 1,662,586 - - - Use of money and property 779,142 128,341 5,701 - Intergovernmental 190,645 1,500,000 - 10,171,311 Charges for services 1,801,010 - - - Miscellaneous 1,579,884 - - - Total revenues 44,096,418 1,628,341 1,074,639 10,171,311 EXPENDITURES:

Current:

General government 3,629,648 - - 301,200 Public safety 10,640,594 - - 9,870,111 Public works 3,635,267 - 2,673,920 - Community development 4,974,529 68,631 - - Parks and recreation 3,683,418 - - - Capital outlay 266,363 - - - Debt service:

Principal retirement 42,496 1,630,000 - - Interest and fiscal charges 490 573,032 - - Total expenditures 26,872,805 2,271,663 2,673,920 10,171,311

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 17,223,613 (643,322) (1,599,281) - OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - Transfers in 1,165,193 - 40,000 - Transfers out (2,652,973) - - - Total other financing sources (uses) (1,487,780) - 40,000 - NET CHANGES IN FUND BALANCES 15,735,833 (643,322) (1,559,281) - FUND BALANCES (DEFICIT):

Beginning of year 32,745,586 30,283,041 (4,504,537) - End of year 48,481,419$ 29,639,719$ (6,063,818)$ - $ Major Funds
City of Lynwood
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 30 98
Major Funds
Capital Nonmajor Total
Improvement Governmental Governmental
Projects Fund Funds Funds
REVENUES:

Taxes and assessments - $ 13,200,938$ 51,334,238$ Licenses and permits - 116,025 1,134,814 Fines, forfeitures and penalties - - 1,662,586 Use of money and property - 290,436 1,203,620 Intergovernmental - 8,998,039 20,859,995 Charges for services - 746,852 2,547,862 Miscellaneous - 1,271,859 2,851,743 Total revenues - 24,624,149 81,594,858 EXPENDITURES:

Current:

General government - 1,470,905 5,401,753 Public safety - 1,083,138 21,593,843 Public works - 8,477,273 14,786,460 Community development - 3,099,617 8,142,777 Parks and recreation - 500,852 4,184,270 Capital outlay 13,181,879 374,428 13,822,670 Debt service:

Principal retirement - 1,457,178 3,129,674 Interest and fiscal charges - 2,165,067 2,738,589 Total expenditures 13,181,879 18,628,458 73,800,036

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (13,181,879) 5,995,691 7,794,822 OTHER FINANCING SOURCES (USES):

Issuance of debt - 126,791 126,791 Transfers in 13,181,879 3,940,069 18,327,141 Transfers out - (14,674,168) (17,327,141) Total other financing sources (uses) 13,181,879 (10,607,308) 1,126,791 NET CHANGES IN FUND BALANCES - (4,611,617) 8,921,613 FUND BALANCES (DEFICIT):

Beginning of year 441,523 55,344,925 114,310,538 End of year 441,523$ 50,733,308$ 123,232,151$ City of Lynwood
Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Governmental Funds
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 31 99
Net change in fund balances - total governmental funds: 8,921,613$ Amounts reported for governmental activities in the Statement of Activities are different because:

Capital outlay expenditures 13,806,199 $
Disposal of capital assets (248,939)
Depreciation and amortization expense, net of $122,390 reported in Internal Service Funds (4,218,420) 9,338,840 5,095,269
Issuance of debt and leases (126,791) $
Principal repayment of revenue bonds and lease payable 3,129,674 3,002,883 Interest on bonds 156,828 $
Pension expense, net of $4,443,835 contribution after measurement date 2,379,836 OPEB expense, net of $1,502,567 contribution after measurement date 1,324,330 Net change in compensated absences 13,086 3,874,080 Amortization of debt premium 40,481 $
Amortization of debt discount (54,709)
Amortization of deferred amount on refunding (32,247) (46,475) 3,803,551
Change in net position of governmental activities 33,989,761$ Internal service funds are used by management to charge the costs of certain activities, such as vehicle, information technology, self-insurance, and facility maintenance to individual funds. The net revenues (expenses) of the internal service funds are reported with governmental activities.

Revenues that are measurable but not available and are reported as unavailable revenue under the modified accrual basis of accounting in the governmental funds.

Proceeds from long-term debt provided current financial resources to governmental funds, but issuing debt increased long- term liabilities in the Government-Wide Statement of Net Position. Repayment of principal was an expenditure in the governmental funds, but the repayment reduced long-term liabilities in the Government-Wide Statement of Net Position.

Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported as expenditures in the governmental funds:

Under the modified accrual basis of accounting used in the governmental funds, expenditures are not recognized for transactions that are not normally paid with expendable available financial resources. In the Statement of Activities, however, which is presented on the accrual basis, expenses and liabilities are reported regardless of when financial resources are available:

City of Lynwood
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities For the Year Ended June 30, 2023
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over the estimated useful lives as depreciation expense. This is the amount by which capital expenditures exceeded depreciation in the current period:

See accompanying Notes to the Basic Financial Statements. 32 100

PROPRIETARY FUND FINANCIAL STATEMENTS
33 101
Business-Type Governmental
Activities Activities
Water and
Sewer Enterprise Internal
Funds Service Funds
ASSETS
Current Assets:

Cash and investments 12,286,644 $ 13,152,797$
Receivables:

Accounts, net 3,655,527 282
Interest 13,571 -
Prepaid items 67,398 60,799
Total current assets 16,023,140 13,213,878
Noncurrent assets:

Restricted cash and investments:

Held by fiscal agents 20,714,556 -
Deposit in trust - 300,000
Capital assets:

Capital assets, not being depreciated 4,082,041 -
Capital assets, being depreciated, net 18,406,980 296,647 Intangible asset, being amortized, net 2,921 -
Total capital assets 22,491,942 296,647
Total noncurrent assets 43,206,498 596,647
Total assets 59,229,638 13,810,525

DEFERRED OUTFLOWS OF RESOURCES
Deferred loss 190,795 -
Pensions related 2,373,413 -
Other postemployment benefits related 361,427 -
Total deferred outflows of resources 2,925,635 - City of Lynwood
Statement of Net Position
Proprietary Funds
June 30, 2023
See accompanying Notes to the Basic Financial Statements. 34 102
Business-Type Governmental
Activities Activities
Water and
Sewer Enterprise Internal
Funds Service Funds

LIABILITIES
Current liabilities:

Accounts payable 920,819 68,662
Accrued liabilities 52,137 52,707
Accrued interest payable 129,862 -
Deposits 108,646 -
Due to other funds - 270,709
Compensated absences, due within one year 91,853 -
Claims payable, due within one year - 746,469 Lease payable, due within one year 1,331 -
Revenue bonds payable, due within one year 1,025,000 -
Total current liabilities 2,329,648 1,138,547 Noncurrent liabilities:

Compensated absences, due in more than one year 275,557 - Claims payable, due in more than one year - 4,077,531 Lease payable, due in more than one year 1,560
Revenue bonds payable, due in more than one year 43,362,745 - Net pension liabilities 7,594,569 -
Net other postemployment benefits liabilities 3,191,331 - Total noncurrent liabilities 54,425,762 4,077,531 Total liabilities 56,755,410 5,216,078

DEFERRED INFLOWS OF RESOURCES
Pensions related 254,507 -
Other postemployment benefits related 654,540 - Total deferred inflows of resources 909,047 -

NET POSITION
Net investment in capital assets (1,903,364) 296,647 Restricted for debt service 910,021 -
Unrestricted 5,484,159 8,297,800
Total net position 4,490,816$ 8,594,447$
Proprietary Funds
June 30, 2023
City of Lynwood
Statement of Net Position (Continued)
See accompanying Notes to the Basic Financial Statements. 35 103
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36 104
Business-Type Governmental
Activities Activities
Water and
Sewer Enterprise Internal
Funds Service Funds
OPERATING REVENUES:

Sales and service charges 14,171,434 $ 8,671,216$ Total operating revenues 14,171,434 8,671,216
OPERATING EXPENSES:

Administration 1,684,918 -
Insurance - 2,624,249
Claims - 1,738,802
Water utility 6,838,946 -
Sewer utility 1,393,510 -
Garage - 382,224
Depreciation and amortization 580,623 122,390 Total operating expenses 10,497,997 4,867,665
OPERATING INCOME 3,673,437 3,803,551
NONOPERATING REVENUES (EXPENSES):

Investment income 339,972 -
Interest expense (1,631,169) -
Total nonoperating revenues (expenses) (1,291,197) - Income before transfers 2,382,240 3,803,551
TRANSFERS:

Transfers out (1,000,000) -
Total transfers (1,000,000) -
CHANGES IN NET POSITION 1,382,240 3,803,551
NET POSITION:

Beginning of the year 3,108,576 4,790,896
End of the year 4,490,816$ 8,594,447$
City of Lynwood
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 37 105
Business-Type Governmental
Activities Activities
Water and
Sewer Internal
Enterprise Fund Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from customers and users 13,541,395 $ 7,662,091$ Payments to suppliers and employees (9,589,280) (409,157) Payments for insurance premium and claims - (4,973,540) Net cash provided by operating activities 3,952,115 2,279,394

CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES:

Paid to other funds (1,000,000) -
Net cash (used in) noncapital
financing activities (1,000,000) -

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets, net (2,384,690) - Principal paid on revenue bonds and lease payable (996,671) - Interest paid on revenue bonds and lease payable (1,589,321) - Net cash (used in) capital and related financing activities (4,970,682) - CASH FLOWS FROM INVESTING ACTIVITIES:

Investment earnings 329,826 -
Net cash provided by investing activities 329,826 - Net increase (decrease) in cash and cash equivalents (1,688,741) 2,279,394 CASH AND CASH EQUIVALENTS:

Beginning of year 34,689,941 11,173,403
End of year 33,001,200$ 13,452,797$

RECONCILIATION OF CASH AND CASH EQUIVALENTS
TO THE STATEMENT OF NET POSITION:

Cash and investments 12,286,644 $ 13,152,797$
Cash and investments held by fiscal agent or in the trust 20,714,556 300,000 Total 33,001,200$ 13,452,797$
City of Lynwood
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 38 106
Business-Type Governmental
Activities Activities
Water and
Sewer Internal
Enterprise Fund Service Funds

RECONCILIATION OF OPERATING INCOME TO NET
CASH PROVIDED BY OPERATING ACTIVITIES:

Operating income 3,673,437 $ 3,803,551$
Adjustments to reconcile operating income to net cash
provided by operating activities:

Depreciation and amortization 580,623 122,390 Change in assets and liabilities:
(Increase) decrease in accounts receivable (579,926) (282) (Increase) decrease in prepaid items 2,496 (33,108) (Increase) decrease in deferred outflows of
resources related to pension (1,213,035) -
(Increase) decrease in deferred outflows of
resources related to OPEB (149,911) -
Increase (decrease) in interfund activities - (1,008,843) Increase (decrease) in accounts payable 155,759 14,891 Increase (decrease) in accrued expenses 9,927 795 Increase (decrease) in customer deposits 19,361 - Increase (decrease) in unearned revenues (69,474) - Increase (decrease) in compensated absences (11,011) - Increase (decrease) in claims payable - (620,000) Increase (decrease) in net pension liabilities 3,073,553 - Increase (decrease) in net OPEB liabilities 221,283 - Increase (decrease) in deferred inflows of
resources related to pension (1,430,109) -
Increase (decrease) in deferred inflows of
resources related to OPEB (330,858) -
Total adjustments 278,678 (1,524,157)
Net cash provided by operating activities 3,952,115$ 2,279,394$ Statement of Cash Flows (Continued)
Proprietary Funds
For the Year Ended June 30, 2023
City of Lynwood
See accompanying Notes to the Basic Financial Statements. 39 107
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40 108

FIDUCIARY FUND FINANCIAL STATEMENTS
41 109
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42 110
Successor
Agency
Private-purpose
Trust Fund
ASSETS:

Cash and investments 10,789,583 $
Cash and investments with fiscal agents 7,409,788
Prepaid items 69,153
Advance to the City of Lynwood 957,380
Land held for development 388,996
Property held for resale, net 423,500
Total assets 20,038,400
LIABILITIES:

Accounts payable 273,161
Interest payable 186,475
Deposits 25,387
Long-term liabilities:

Due within one year 1,455,000
Due in more than one year 8,820,000
Total liabilities 10,760,023
NET POSITION:

Restricted for:

Held in trust for Successor Agency 9,278,377
Total net position 9,278,377$
City of Lynwood
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2023
See accompanying Notes to the Basic Financial Statements. 43 111
Successor
Agency
Private-purpose
Trust Fund
ADDITIONS:

Redevelopment property tax trust fund 3,997,367 $
Use of money and property 105,084
Miscellaneous 10,706
Total additions 4,113,157
DEDUCTIONS:

Community development 1,985,629
Interest and fiscal charges 1,551,959
Total deductions 3,537,588
Change in net position 575,569
NET POSITION :

Beginning of year 8,702,808
End of year 9,278,377 $
City of Lynwood
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2023
See accompanying Notes to the Basic Financial Statements. 44 112

45 NOTES TO THE BASIC FINANCIAL STATEMENTS
113

46 This page intentionally left blank.
114
City of Lynwood
Index to the Notes to the Basic Financial Statements
For the Year Ended June 30, 2023
47 .......... 49

A. Description of the Reporting Entity ......................................................................................................... 49 B. Basis of Accounting and Measurement Focus ......................................................................................... 50 C. Cash, Cash Equivalents, and Investments ................................................................................................ 53 D. Interfund Receivable and Payable ............................................................................................................ 53 E. Accounts and Tax Receivables ................................................................................................................ 53 F. Lease Receivable ...................................................................................................................................... 54 G. Prepaid Items ........................................................................................................................................... 54 H. Capital Assets ........................................................................................................................................... 54 I. Deferred Outflows of Resources and Deferred Inflows of Resources ..................................................... 55 J. Interest Payable ........................................................................................................................................ 55 K. Unearned Revenue ................................................................................................................................... 55 L. Compensated Absences ............................................................................................................................ 56 M. Claims and Judgement ............................................................................................................................. 56 N. Lease Liabilities ....................................................................................................................................... 56 O. Subscription Liabilities ............................................................................................................................ 56 P. Long-Term Debt ...................................................................................................................................... 57 Q. Pensions ................................................................................................................................................... 57 R. Other Postemployment Bene .. 58
S. Net Position .............................................................................................................................................. 58 T. Fund Balances .......................................................................................................................................... 59 U. Property Taxes ......................................................................................................................................... 60 V. Use of Estimates....................................................................................................................................... 61 W. Implementation of New GASB Pronouncement ...................................................................................... 61

liance, and Accountability .................................................................................. 61

A. Encumbrances .......................................................................................................................................... 61 B. Continuing Appropriations ...................................................................................................................... 61 C. Deficit Fund Balances/Net Position ......................................................................................................... 62 D. Excess of Expenditures Over Appropriations .......................................................................................... 63

......................... 63

A. Demand Deposits ..................................................................................................................................... 64 B. Investments Authorized by the California Governme Investment Policy ............ 64 C. Investments Authorized by Debt Agreements ......................................................................................... 65 D. Fair Value Measurement .......................................................................................................................... 65 E. Risk Disclosures ....................................................................................................................................... 66 F. Investment in State Investment Pool ........................................................................................................ 67

.................................. 67

.................... 68

A. CDBG and HOME Loans ........................................................................................................................ 68 B. Housing Authority.................................................................................................................................... 68

............................. 70

115
City of Lynwood
Index to the Notes to the Basic Financial Statements (Continued) For the Year Ended June 30, 2023
48 ............................. 70

A. Due To/From Other Funds ....................................................................................................................... 70 B. Advances from Fiduciary Fund ................................................................................................................ 71 C. Transfers .................................................................................................................................................. 71

................................ 72
A. Governmental Activities .......................................................................................................................... 72 B. Business-Type Activities ......................................................................................................................... 73

.......................... 74

A. Governmental Activities .......................................................................................................................... 74 B. Business-Type Activities ......................................................................................................................... 82 C. Fiduciary Activities .................................................................................................................................. 85

.......................... 88

A. Liability Program ..................................................................................................................................... 88 B. ........... 89
C. All Risk Property Program ....................................................................................................................... 89 D. Other Programs ........................................................................................................................................ 90 E. Liability for Self-Insured Claims ............................................................................................................. 90

.................... 91

A. General Information about the Pension Plans .......................................................................................... 92 B. Net Pension Liability ............................................................................................................................... 94 C. Changes in the Net Pension Liability ....................................................................................................... 96 D. Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions ........................................................................................................ 98 E. Payable to the CalPERS Plan .................................................................................................................. 99 F. Pension Tax Override ............................................................................................................................... 99

..... 100

A. General Information about the OPEB Plan ............................................................................................ 100 B. Net OPEB Liability ................................................................................................................................ 101 C. Changes in Net OPEB Liability ............................................................................................................. 102 D. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB ......................................................................................................... 103

................. 104

.................. 105

................ 105

and Contingencies ................................................................................................... 106

........... 106

116
City of Lynwood
Notes to the Basic Financial Statements
For the Year Ended June 30, 2023
49 The basic financial statements of the City of Lynwood, Ca prepared in accordance with accounting principles generally accepted in the United States governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below.

A. Description of the Reporting Entity

The City was incorporated in 1921, under the general laws of the State of California. The City operates under a Council-Manager form of government and provides basic local governmental services including public safety (police and fire), maintenance and construction of public improvements, community development, parks and recreation, transportation, water, sewer and general administration.

As required by U.S. GAAP, these financial statements present the City and its component units, entities for which the City is considered to be financially accountable. The City is considered to be financially accountable for an organization if the City appoints a voting majority of that organization's governing body and the City is either able to impose its will on that organization, or there is a potential for that organization to provide specific financial benefits to or impose specific financial burdens on the City. The City is also considered to be financially accountable if an organization is fiscally dependent upon the City (i.e., it is unable to adopt its budget, levy taxes, set rates or charges, or issue bonded debt without approval from the City). In certain cases, other organizations are included as component units if the nature and significance of their relationship with the City are such that their exclusion would cause the City's financial statements to be misleading or incomplete.

Blended Component Units

The City reports the following three blended component units:

Lynwood Public Financing Authority
The Lynwood Public Financing Authority was formed in 1993, by a joint powers agreement between the City of Lynwood and the former Lynw
and finance the acquisition of public capital improvements necessary or convenient for the operation of the City or Agency.

Lynwood Utility Authority
The Lynwood Utility Authority was formed in 2003, by a joint powers agreement between the City of Lynwood and the former Lynwood Redevelopment Agen
operate and maintain the utility system. The Lynwood Utility Authority is included in the business-type of Net Position and Activities.

Lynwood Housing Authority
The Lynwood Housing Authority was formed under the California Health and Safety Code. The objective of the Housing Authority is to aid low-income families in obtaining decent, safe and sanitary housing through low/moderate-income housing programs. The Housing Authority is included within the scope of the reporting entity of the City because its governing body is composed in its entirety of City Council members of the City. The Housing Authority is blended in as a special revenue fund based on the criteria discussed above.
117
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
50 A. Description of the Reporting Entity (Continued)
These component units are considered to be blended component units because the City Council serves as the governing board for the component units and the City has operational responsibility over these entities. As a result, these organizations are considered component units of the City and are included within the financial statements of the City using the blended method. All component units have a June 30 year-end. There are no separated issued reports for these blended component units. The City has no discretely presented component units.

B. Basis of Accounting and Measurement Focus

The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for by providing a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Fund accounting segregates funds according to their intended purpose and is used to aid management in demonstrating compliance with finance-related legal and contractual provisions. The minimum number of funds is maintained in accordance with legal and managerial requirements.

Government-Wide Financial Statements
ude a Statement of Net Position and a Statement of
Activities. These statements present summaries of governmental and business-type activities for the City accompanied by a total column. Fiduciary activities of the City are not included in these statements.

These financial statements are presented on an measurement focus and the accrual basis of bilities, including capital assets, as well as infrastructure assets, and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in Net Position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Certain types of transactions are reported as program revenues for the City in three categories:

Charges for services
Operating grants and contributions
Capital grants and contributions

Certain eliminations have been made in regards to interfund activities, payables and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. In the Statement of Activities, internal service fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. The following interfund activities have been eliminated:

Due to/from other funds
Advances to/from other funds
Transfers in/out

118
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
51 B. Basis of Accounting and Measurement Focus (Continued) Governmental Fund Financial Statements
Governmental Fund Financial Statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and nonmajor funds aggregated. An accompanying schedule is presented to reconcile and explain the differences between fund balance as presented in these statements to the net position presented in the Government-Wide Financial Statements. The City has presented all major funds that met the applicable criteria.

All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheet. The Statement of Revenues, Expenditures and Changes in Fund Balances presents increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.

available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, sales tax, intergovernmental revenues and other taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred.

The Reconciliation of the Fund Financial Statements to the Government-Wide Financial Statements is provided to explain the differences.

The City reports the following major governmental funds:

General Fund is the City's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in other funds.

Housing Authority Special Revenue Fund accounts for revenue received from low-and-moderate income housing asset fund. These funds are used for low- and moderate-income housing activities in accordance with the applicable housing-related regulations.

Landscape Maintenance Special Revenue Fund accounts for special assessment received from the County of Los Angeles for which an assessment has been charged against property owners' front footage. These funds are used to provide services such as tree maintenance, park maintenance, and capital improvements. These astructure, housing, and redevelopment projects.

American Rescue Plan Special Revenue Fund accounts for revenues and activities for American Rescue Plan Act funding which was provided to fund additional relief for individuals and businesses affected by the coronavirus pandemic.

Capital Improvement Capital Projects Fund accounts for the financial resources used for the acquisition and construction of the City's capital projects. These improvements to the City's infrastructure, housing, and redevelopment projects.

119
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
52 B. Basis of Accounting and Measurement Focus (Continued) Proprietary Fund Financial Statements
Proprietary Fund Financial Statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Net Position, and a Statement of Cash Flows for each major Proprietary Fund.

A separate column representing internal service funds is also presented in these statements. However, internal service balances and activities have been combined with the governmental activities in the Government-Wide include three individual funds which provide services
directly to other City funds. These areas of service include vehicle & equipment maintenance/replacement, information technology, self-insurance and facilities maintenance.

Proprietary funds are accounted for using the "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses and Changes in Net Position presents increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. In these funds, receivables have been recorded as revenue and provisions have been made for uncollectible amounts.

Operating revenues in the proprietary funds are those revenues that are generated from the primary operations of the fund. All other revenues are reported as nonoperating revenues. Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as nonoperating expenses.

The City reports the following major enterprise fund:

Water and Sewer Enterprise Fund accounts for revenue received from user fees for water and sewer usage.

The Water and Sewer Enterprise Fund also pays for water billing, water utility, sewer services, and improvements to the water system.

Fiduciary Fund Financial Statements
Fiduciary fund financial statements include a Statement of Fiduciary Net Position and a Statement of Change in ts a private purpose trust fund. The private purpose trust fund is accounted for on the full accrual basis of accounting where the assets associated with the activity are controlled by the City and the assets are not derived 1) from government-mandated nonexchange transactions or voluntary nonexchange transactions.

The City reports the following type of fiduciary fund:

Successor Agency Private-Purpose Trust Fund was created by the City Council in 2012. It was established pursuant to Assembly Bill x1 26. Its purpose is to expeditiously wind down the affairs of the dissolved Lynwood Redevelopment Agency. The governing body of the Successor Agency is comprised of the members of the Oversight Board selected by the County of Los Angeles, City of Lynwood, school and special districts.

The Successor Agency has been included in the accompanying basic financial statements as a private purpose trust fund.

120
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
53 C. Cash, Cash Equivalents, and Investments

The City pools its available cash for investment purposes. Investments are stated at fair value.

U.S. GAAP defines fair value, establishes a framework for measuring fair value and establishes disclosures about fair value measurement. Investments, unless otherwise specified, recorded at fair value in the financial statements, are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Levels of inputs are as follows:

The three levels of the fair value measurement hierarchy are described below:

Level 1 cal assets and liabilities in active markets at the measurement date.

Level 2 l 1, that are observable for the assets and liabilities through corroboration with market data at the measurement date.

Level 3 estimate of what market participants would use in pricing the assets and liabilities at the measurement date.

All cash and investments of proprietary funds are held
general characteristics of a demand deposit account, therefore, all cash and investments in the proprietary funds are considered cash and cash equivalents for statement of cash flows purposes.

Certain disclosure requirements, if applicable, for Deposits and Investment Risks in the following areas:

Interest Rate Risk
Credit Risk
- Overall
- Custodial Credit Risk
- Concentration of Credit Risk

In addition, other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end and other disclosures.

D. Interfund Receivable and Payable

Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the .e., current portion of interfund loans) or advances to/from other fund (i.e., non-current interfund loans). Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial st

E. Accounts and Tax Receivables

All accounts and tax receivables are shown net of any allowance for uncollectible accounts, if applicable, and estimated refunds due.
121
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
54 F. Lease Receivable

The City is a lessor for leases of water tower, land, and billboard sites and recognizes lease receivables and deferred inflows of resources in the financial statements. Variable payments based on future performance or usage of the underlying asset are not included in the measurement of the lease receivable.

At the commencement of a lease, the lease receivable is measured at the present value of payments expected to be received during the lease term. The City established a threshold of $5,000 for lease receivables. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflows of resources are initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflows of resources are recognized as revenue over the life of the lease term in a systematic and rational method.

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts.

The City uses incremental borrowing rate (IBR) provided by the financial institution at July 1, 2021 for existing leases or the current rate at the time a new lease is executed.

The lease term includes the noncancelable period of the lease plus any option periods that are likely to be exercised.

Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

G. Prepaid Items

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements by using purchase method. A nonspendable fund balance has been reported in the governmental funds to

H. Capital Assets

Capital assets are valued at historical cost or estimated historical cost if actual historical cost was not available.

Donated capital assets are valued at acquisition value on the date donated. City policy has set the capitalization threshold for reporting capital assets at $5,000 (including infrastructure assets). Depreciation and amortization is recorded on a straight-line basis over estimated useful lives of the assets as follows:

Assets Years
Buildings 30 to 50
Improvements other than buildings 30 to 50
Infrastructure 30 to 50
Utility systems 75
Vehicles 7 to 15
Other equipment and furnishings 5 to 15
122
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
55 H. Capital Assets (Continued)

For all infrastructure systems, the City elected to use the Basic Approach for infrastructure reporting. The City defines infrastructure as the basic physical assets that allow the City to function. The assets include the streets, parks and recreation, lands and improvement system, storm water conveyance system, and buildings combined with the site amenities such as parking and landscaped areas used by the City in the conduct of its business. Each major infrastructure system is divided into subsystems. For example, the street system can be subdivided into pavement, curb and gutters, sidewalks, medians, streetlights, traffic control devices (signs, signals and pavement markings), landscaping and land.

These subsystems were not delineated in the basic financial statements. The appropriate operating department maintains information regarding the subsystems.

Right-of-Use Lease Assets
Lease assets are recorded at the amount of the initial measurement of the lease liabilities and adjusted by any lease payments made to the lessor at or before the commencement of the lease term, less any lease incentives received from the lessor at or before the commencement of the lease term along with any initial direct costs that are ancillary charges necessary to place the lease assets into service. Lease assets are amortized using the straight-line method over the shorter of the lease term or the useful life of the underlying asset, unless the lease contains a purchase option that the City has determined is reasonably certain of being exercised. In this case, the lease asset is amortized over the useful life of the underlying asset.

Right-of-Use Subscription Assets
Subscription assets are recorded at the amount of the in the SBITA vendor at or before the commencement of
the subscription term, less any incentives received from the SBITA vendor at or before the commencement of the subscription term along with subscription implementation costs. Subscription assets are amortized over the shorter of the subscription term or the useful life of the underlying information technology assets.

I. Deferred Outflows of Resources and Deferred Inflows of Resources

Deferred Outflows of Resources represent a consumption of net assets that applies to future periods Deferred Inflows of Resources represent an acquisition of net assets that applies to future periods.

J. Interest Payable

In the government-wide financial statements, interest payable on long-term debt is recognized as the liability is incurred for governmental activities and business-type activities. In the fund financial statements, only proprietary fund and private-purpose trust fund types recognize the interest payable when the liability is incurred.

K. Unearned Revenue

Unearned revenue is reported for transactions for which revenue has not yet been earned. Typical transactions recorded as unearned revenues are prepaid charges for services.

123
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
56 L. Compensated Absences

Permanent City employees earn vacation and sick leave hours per pay period with rates depending on their length of employment. Upon separation from employment the employees are paid for any unused vacation leave accrual balance. The City allows employees to accrue up to a maximum one and a half times their regular annual entitlement. There is no maximum on the number of sick leave hours that can be accrued. The amount of compensated absences at June 30 is accrued when incurred in the government-wide financial statements.

Compensated absences are primarily liquidated by the General Fund.

M. Claims and Judgement

The City records a liability for litigation, judgments, and claims when it is probable that an asset has been impaired or a liability has been incurred prior to fiscal year end and the probable amount of loss (net of any insurance coverage) can be reasonably estimated. This liability is recorded in the internal service fund which accounts for the City's self-insurance activities and it typically liquidated by the General Fund.

N. Lease Liabilities

The City recognizes lease liabilities with an initial, individual value of $5,000 or more with a lease term greater than one year in the government-wide and proprietary fund financial statements. Variable payments based on future performance of the lessee or usage of the underlying asset are not included in the measurement of the lease liability.

At the commencement of a lease, the City initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made.

Key estimates and judgments related to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.

The City uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the State generally uses its estimated incremental borrowing rate as the discount rate for leases.

The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure any lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability.

O. Subscription Liabilities

The City recognizes subscription liabilities with an initial, individual value of $5,000 or more with a subscription term greater than one year in the government-wide and proprietary fund financial statements. Variable payments based on future performance of the City, usage of the underlying information technology assets, or number of user seats are not included in the measurement of the subscription liability. 124
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
57 O. Subscription Liabilities (Continued)

At the commencement of a subscription, the City initially measures the subscription liability at the present value of payments expected to be made during the subscription term. Subsequently, the subscription liability is reduced by the principal portion of subscription payments made.

Key estimates and judgments related to subscription liabilities include how the City determines (1) the discount rate it uses to discount the expected subscription payments to present value, (2) subscription term, and (3) subscription payments.

The City uses incremental borrowing rate provided by the financial institution at July 1, 2022 for existing subscription or the current rate at the time a new subscription is executed.

The subscription term includes the noncancellable period of the SBITA. Subscription payments included in the measurement of the subscription liability are composed of fixed payments.

The City monitors changes in circumstances that would require a remeasurement of its SBITA and will remeasure any subscription asset and liability if certain changes occur that are expected to significantly affect the amount of the subscription liability.

P. Long-Term Debt

In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the appropriate activities. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed when incurred.

In the fund financial statements, with the exception of advances from other funds, the governmental fund financial statements do not present long-term liabilities. Consequently, long term debt is shown as a reconciling item in the reconciliation of the governmental funds balance sheet to the government-wide statement of net position.

Q. Pensions

For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plans and additions determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value.

The following timeframes are used for pension reporting:

Valuation Date: June 30, 2021
Measurement Date: June 30, 2022
Measurement Period: July 1, 2021 to June 30, 2022

125
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
58 Q. Pensions (Continued)

Gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized straight-line over 5 years. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

General Fund and Retirement Special Revenue Fund are typically used to liquidate pension liabilities to governmental funds.

For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fi to/deductions from the OPEB Plan ined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value.

The following timeframes are used for OPEB reporting:

Valuation Date: June 30, 2021
Measurement Date: June 30, 2022
Measurement Period: July 1, 2021 to June 30, 2022
Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. The first amortized amounts are recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized straight-line over 5 years. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

General Fund is typically used to liquidate OPEB liabilities to governmental funds.

S. Net Position

In the government-wide financial statements and proprietary fund financial statements, net position is classified as follows:

Net Investment in Capital Assets consists of capital assets, net of accumulated depreciation and amortization and related deferred charges on refunding capital debt, reduced by the outstanding balances of debt that are attributable to the acquisition, construction, or improvement of those items, net of unspent debt proceeds.

Restricted estricted assets reduced by liabilities and deferred inflows of resources related to those assets.
126
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
59 S. Net Position (Continued)
Unrestricted of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources that are not included in the determination of net investment in capital assets or the restricted component of net position.

When expenses are incurred for purposes for which both restricted and unrestricted components of net position are component of net position first, then the unrestricted
component of net position as needed.

T. Fund Balances

In the governmental fund financial statements, fund balances are classified as follows:

Nonspendable fund balance includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be
represents inventory, prepaid items, land held for resale, and loans receivable unless the proceeds from the collection of those loans receivables or from sale of the properties is restricted, committed, or assigned.

Restricted fund balance includes resources that are subject to externally enforceable legal restrictions. It includes amounts that can be spent only for the specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Committed fund balance includes amounts that can be used only for the specific purposes determined by a level of decision-making authority, may commit, through a resolution, fund balance for specific purposes pursuant to constraints imposed by such formal actions taken. Committed amounts cannot be used for any other purpose unless the City Council removes or changes the specific use through the same type of formal action taken to establish the commitment.

Assigned fund balance consists of funds that are set aside for sp decision making authority or a body or official that has been given the authority to assign funds. The City Council delegates the authority to assign fund balance to the City Manager for purposes of reporting in the annual financial report.

Unassigned fund balance is the residual classification for the City amounts not contained in the other classifications. This category also provides the resources necessary to meet unexpected expenditures and revenue shortfalls. The General Fund is the only fund that reports a positive unassigned fund balance amount. In other governmental funds, it is not appropriate to report a positive unassigned fund balance amount. However, in governmental funds other than General Fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed or assigned to those purposes, it may be necessary to report a negative unassigned fund balance in that fund.

When expenditures are incurred for purposes for which both restricted and unrestricted fund balances are available, ces first, then unrestricted fund balances as needed.

127
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
60 T. Fund Balances (Continued)

When expenditures are incurred for purposes where only unrestricted fund balances are available, the City uses the unrestricted resources in the following order, except for instances wherein an ordinance specifies the fund balance:

Committed
Assigned
Unassigned

U. Property Taxes

Property tax revenue is recognized in the fiscal year for which the taxes have been levied providing they become available. Available means due, or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used to pay liabilities in the current period.

Property taxes in the State of California are administered for all local agencies at the County level, and consist of secured, unsecured, and utility tax rolls. The following is a summary of major policies and practices relating to property taxes:

Property Valuations are established by the Assessor of the County of Los Angeles for the secured and unsecured property tax rolls; the utility property tax rolls are valued by the State Board of Equalization. Under the provisions of Article XIIIA of the State Constitution (Proposition 13 adopted by the voters on June 6, 1978) properties are assessed at 100% of full value. From this base of assessment, subsequent annual increases in valuation are limited to a maximum of 2%. However, increases to full value are allowed for property improvements or upon change in ownership. Personal property is excluded from these limitations, and is subject to annual reappraisal.

Tax Levies are limited to 1% of full value which results in a tax rate of $1.00 per $100 assessed valuation under the provisions of Proposition 13. Tax rates for voter-approved indebtedness are excluded from this limitation. The City's share of the $1.00 varies depending on the tax rate area and it ranges from $0.0125 to $0.0730.

Tax Levy Dates are attached annually on January 1 preceding the fiscal year for which the taxes are levied. The fiscal year begins July 1 and ends June 30 of the following year. Taxes are levied on both real and unsecured personal property as it exists at that time. Liens against real estate, as well as the tax on personal property, are not relieved by subsequent renewal or change in ownership.

Tax Levy Apportionments maximum levy, it is not possible to identify general purpose tax rates for specific entities. Under state legislation adopted subsequent to the passage of Proposition 13, apportionments to local agencies are made by the county auditor-controller based primarily on the ratio that each agency represented of the total City-wide levy for the three years prior to fiscal year 1979.

Property Tax Administration Fees
an administrative fee for collection and distribution of property taxes. Property taxes are recorded as net of administrative fees withheld during the fiscal year.
128
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
61 V. Use of Estimates

The preparation of the basic financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

W. Implementation of New GASB Pronouncement

In May 2020, GASB issued Statement No. 96, Subscription-Based Information Technology Arrangements (GASB Statement No. 96), to better meet the information needs of financial statement users by (a) establishing uniform accounting and financial reporting requirements for SBITAs; (b) improving the comparability of financial statements among governments that have entered into SBITAs; and (c) enhancing the understandability, reliability, relevance, and consistency of information about SBITAs. Under this Statement, a government is required to recognize a subscription liability and an intangible right-to-use subscription asset. The effective date of GASB Statement No. 96 is for fiscal years beginning after June 15, 2022. Implementation of this Statement resulted in restatement of beginning balance of capital assets (Note 8) and long-term debt liabilities (Note 9) at July 1, 2022.

A. Encumbrances

Encumbrances are estimations of costs related to unperformed contracts for goods and services. These commitments are recorded for budgetary control purposes in the General, Special Revenue, and similar governmental funds. Encumbrances outstanding at fiscal year-end are reported as committed or assigned fund balance. They represent the estimated amount of the expenditure ultimately to result if unperformed contracts in- process at fiscal year-end are completed. They do not constitute expenditures or estimated liabilities.

The outstanding amounts of encumbrances as of June 30, 2023 are as follows:

General Fund 29,520 $
Capital Improvement Project Fund 4,843,042
Nonmajor Governmental Funds 34,798
Internal Service Funds 2,491
B. Continuing Appropriations

The unexpended and unencumbered appropriations that are available and recommended for continuation are approved by the City Council for carryover to the following fiscal year. These commitments are reported as committed or assigned fund balance.
129
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
62 C. Deficit Fund Balances/Net Position

The following funds contained a deficit fund balance/net position as of June 30, 2023:

Funds Amount
Major Governmental Funds:

Landscape Maintenance (6,063,818) $
Nonmajor Governmental Funds:

Special Revenue Funds:

RMC (2,161,398)
SB821 (200,995)
Used Oil Recycling Grant (5,007)
Justice Assistance (30,997)
HSIP (230,250)
LEAP Grant (15,000)
Urban Greening (2,756,436)
Capita Grant (52,295)
DTSC-ECRG Grant (292,576)
Landscape Maintenance Special Revenue Fund accounts for the landscape assessment and expenses of the City.

City collects landscape assessm landscaping maintenance costs of its parks and sidewalks. This assessment has not been increased since 1998. As a result, the current assessment is not sufficient to cover the rising landscape maintenance costs. The Landscape Maintenance Fund currently has a structural deficit that needs to be addressed. The City is currently working with a consulting firm on a study of the assessment and costs, and will be proposing to a 5-year rate increase to the City Council in the first half of FY2024-25. The goals and expectation of the new rate increases are: 1. Eliminate the structural deficit by increasing the landscape maintenance assessment; therefore, it will fully cover all landscape maintenance expenses; 2. Collect additional assessment to gradually eliminate the deficit fund balance in 5 years;

3. Incorporate a CPI increase into the rate increase proposal, so to ensure the assessment will not fall behind expenses again in the future.

Special Revenue Fund deficits will be eliminated when revenue becomes available. RMC Grant, SB821, Used, Oil Recycling Grant, Justice Assistance, HSIP, LEAP, Urban Greening, Capita Grant, and DTSC-ECRG Grant Special Revenue Funds all expect to receive funds from granting agencies or subsidize by the General Fund.

In the Government-Wide Financial Statements, the City had a deficit unrestricted net position at June 30, 2023, for its governmental activities of $(3,861,995) of which, $(36,778,014) and $(16,224,303) were attributed to net pension liabilities and net other postemployment benefits liability, respectively.

130
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
63 D. Excess of Expenditures Over Appropriations

The following funds contained excess of expenditures over final appropriations for the year ended June 30, 2023:

Final
Funds Appropriations Expenditures Excess
Major Governmental Funds:

General Fund:

Debt service:

Principal retirement - $ 42,496$ (42,496)$ Interest and fiscal charges - 490 (490) Nonmajor Governmental Funds:

Special Revenue Funds:

Retirement 4,218,665 5,731,945 (1,513,280) Beverage Container Recycling Grant 18,900 359,234 (340,334) Cannabis Cultivation 102,350 292,195 (189,845) Capital Projects Fund:

Measure M Bond - 265 (265) Debt Service Fund:

City of Lynwood Debt Service Fund 2,008,301 2,026,265 (17,964)

Cash and investments at June 30, 2023, are classified in the accompanying financial statements as follows:

Government- Fiduciary
Wide Statement Fund Statement
of Net Position of Net Position Total
Unrestricted assets:

Cash and investments 97,976,098 $ 10,789,583$ 108,765,681$ Restricted assets:

Cash 7,332 - 7,332 Cash and investments with fiscal agents 61,111,900 7,409,788 68,521,688 Deposit in trust 300,000 - 300,000 Total cash and investments 159,395,330$ 18,199,371$ 177,594,701$ Cash and investments at June 30, 2023 consisted of the following:

Petty cash 1,800 $
Deposits with financial institution 73,025,830
Deposit in trust 300,000
Investments 104,267,071
Total cash and investments 177,594,701$
131
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
64 A. Demand Deposits

demand deposits were $73,025,830 at June 30, 2023. Bank balances before reconciling items were $73,455,220 at that date, the total amount of which was insured or collateralized with securities held by the pledging financial institutio

The California Government Code requir
cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City's name.

The fair value of pledged securities must equal at least 110% of the City's cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes total cash deposits. The City may waive collateral requirements for cash deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporati
collateralization requirements.

Deposits in trust consist of Workers Compensation plan deposit of $150,000 and General Liability plan deposit of $150,000, totaling $300,000 as of June 30, 2023.

The following table identifies the investment types that are authorized for the City by the California Government Code (or the City's investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City's investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City's investment policy.

Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity of Portfolio One Issuer Local Agency Investment Fund (State Pool) N/A None $65 million U.S. Treasury Obligations 5 years None None
U.S. government sponsored enterprise securities 5 years None None Non-negotiable Time Deposits 1 year 25% None
FDIC Insured Certificates of Deposit 5 years None $250,000 Negotiable Certificates of Deposit 5 years 30% 30%
Commercial Paper 270 days 25% 5%
Money Market Funds (must be comprised of
eligible securities permitted under this Policy) N/A 20% 10% Medium Term Corporate Notes 5 years 30% 2% **
Supra National Debt Obligations 5 years 30% 5%
** Commercial paper holdings may be included when calculation 2% limitation. 132
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
65 C. Investments Authorized by Debt Agreements

Investment of debt proceeds held by bond trustees are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the Agency's investment policy. The table below identifies the investment types that are authorized for investments held by bond trustees. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity of Portfolio One Issuer Local agency investment fund (State Pool) N/A None $40 million U.S. Treasury obligations N/A None None
U.S. government sponsored enterprise securities N/A None None Certificates of deposit N/A None None
Commercial paper N/A None None
Mutual funds (must be comprised of eligible
securities permitted under this policy N/A None None
Money market funds (must be comprised of
eligible securities permitted under this
policy) N/A None None
Medium Term Corporate Notes N/A None None
Supra National Debt Obligations N/A None None
D. Fair Value Measurement

At June 30, 2023, investments are reported at fair value. The following table presents the fair value measurement of investments on a recurring basis and the levels within GASB 72 fair value hierarchy in which the fair value measurements fall at June 30, 2023:

Investment Type
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2) Uncategorized Total
Local agency investment pool -$ -$ 9,563,489$ 9,563,489$ U.S. Treasury obligation 6,186,376 (1) - - 6,186,376 U.S. government sponsored enterprise
securities - 10,037,715 (1) - 10,037,715 Negotiable certificates of deposit - 5,995,122 (2) - 5,995,122 Money market funds - - 93,329 93,329 Corporate notes - 3,370,128 (2) - 3,370,128 Commercial paper - 499,225 (2) - 499,225 Held by fiscal agent:

Money market funds - - 68,521,687 68,521,687 Total investments 6,186,376$ 19,902,19 0$ 78,178,505$ 104,267,071$ (1) based on insitutional bond quotes (2) based on matrix pricing Measurement Input
133
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
66 E. Risk Disclosures
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment.

Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter-term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity over time as necessary to provide the cash flow and liquidity needed for operations. Information about the sensitivity of the fair values of the City's investments to market interest rate fluctuations is as follows:
12 Months 13 to 24 25 to 36 37 to 48 49 to 60
Investment Type Total or Less Months Months Months Months Local agency investment pool 9,563,489$ 9,563,489$ - $ -$ -$ -$ U.S. Treasury obligation 6,186,376 1,462,145 1,406,740 2,249,300 447,225 620,966 U.S. government sponsored enterprise
securities 10,037,715 1,615,826 2,128,615 2,863,875 1,463,479 1,965,920 Negotiable certificates of deposit 5,995,122 985,111 236,315 686,657 1,431,555 2,655,484 Money market funds 93,329 93,329 - - - - Corporate notes 3,370,128 987,882 948,763 963,020 470,463 - Commercial paper 499,225 499,225 - - - - Held by fiscal agent:

Money market funds 68,521,687 68,521,687 - - - - Total investments 104,267,071$ 83,728,694 $ 4,720,433 $ 6,762,852$ 3,812,722$ 5,242,370$ Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations The City has no investments (including investments held by bond trustees) that are highly sensitive to interest rate fluctuations (to a greater degree than already indicated in the information provided above).

Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.

Presented below is the minimum rating by Standard and Po nt policy, or debt agreements, and the actual rating as of year-end for each investment type:

Investment Type Total AAA AA A Not Required Not Rated
Local agency investment pool 9,563,489$ - $ -$ -$ -$ 9,563,489$ U.S. Treasury obligation 6,186,376 - - - 6,186,376 - U.S. government sponsored enterprise
securities 10,037,715 10,037,715 - - - - Negotiable certificates of deposit 5,995,122 - - - - 5,995,122 Money market funds 93,329 93,329 - - - - Corporate notes 3,370,128 - 1,678,980 1,691,148 - - Commercial paper 499,225 - - 499,225 - - Held by fiscal agent:

Money market funds 68,521,687 68,521,687 - - - - Total investments 104,267,071$ 78,652,731 $ 1,678,980 $ 2,190,373$ 6,186,376$ 15,558,611$ 134
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
67 E. Risk Disclosures (Continued)

Disclosures Relating Concentration of Credit Risk
The investment policy of the City contains limitations on the amount that can be invested in any one issuer. As of June 30, 2023, there were no investment in any one issuer (other than U.S. Treasury securities, mutual funds, and local agency investment fund) that represents 5% or more of total City investments.

Disclosures Relating Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g. broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party.

F. Investment in State Investment Pool

The City is a voluntary participant in the Local Agency In Government Code Section 16429 under the oversight of the Treasurer of the State of California. The value of the ompanying financial statements at amounts based upon the e provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio), which approximates fair value. As of June 30, 2023, the City had $9,563,489 invested in LAIF.

Summary of receivables at June 30, 2023 is as follows:

Allowance for
Uncollectible
Receivable Accounts Net Amount
Governmental Activities:

Accounts (including tax es) 4,325,865$ (289,313)$ 4,036,552$ Interest 62,673 - 62,673 Intergovernmental 9,273,118 - 9,273,118 Total 13,661,656 $ (289,313)$ 13,372,343$ Business-type Activ ities:

Accounts 3,875,347 $ (219,820)$ 3,655,527$ Interest 13,571 - 13,571 Total 3,888,918 $ (219,820)$ 3,669,098$ 135
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
68 A. CDBG and HOME Loans

The City has received funding from the U.S. Department of Housing and Urban Development for the purpose of assisting (through zero or low interest deferred loans) residents and commercial enterprises to rehabilitate their homes and businesses, and assisting first-time homebuyer. Some of the loans have maturity dates while others are due upon sale of the underlying property.

Also, parcels of land have been sold to commercial real estate developers in exchange for various loans. Such loans have terms ranging from 3 to 30 years, with interest rates ranging from 0% to 10%. In several loan agreements, a portion of the entire principal amount will be forgiven upon the completion of the project. In this circumstance, an allowance account is established to reduce the balance of loans receivable. As of June 30, 2023, the gross amount of the loans and notes receivable amounted to $7,033,776. The amount presented , which is net of allowance for the future amount expected to be forgiven in the amount of $3,836,741, was $3,197,035.

B. Housing Authority

Pursuant to AB X1 26, the Housing Authority was created to manage the housing function of the former Lynwood in loans made by the former LRA are now reported under
the Housing Authority. Parcels of land were sold to commercial real estate developers by the former LRA in exchange for various loans. Such loans have terms ranging from 3 to 10 years, with interest rates ranging from 3% to 10%. In several loan agreements, a portion of the entire principal amount will be forgiven upon the completion of the project.

In this case, an allowance account is established to reduce the balance of loans receivable. The City also extended rehabilitation loans to property owners for the rehabilitation and improvements of commercial buildings.

As of June 30, 2023, the long-term receivables balance was $16,338,777. Details of notes and loans receivables are as follows:

Habitat for Humanity - 3076 Redwood $ 30,126 Habitat for Humanity - 5525 Clark 2,905 Developer loan - 11300 Atlantic Avenue 396,218 Habitat for Humanity - 10-unit low income project 453,197 Habitat for Humanity - 3254 Palm Avenue 243,100
Atlantic housing development 15,213,231
Notes and loans receivables $ 16,338,777
red into a loan agreement with Habitat for Humanity
purchase foreclosed homes with Federal HOME funds and
20% housing set aside funds; rehabilitate said home with 20% housing set aside funds; and deed restrict and resell to a low income household. 3076 Redwood was purchased for $315,000. $61,906 of 20% Housing Set Aside funds were budgeted and utilized for rehabilitation of the unit. The outstanding balance at June 30, 2023 was $30,126.

d into a loan agreement with Habitat for Humanity to
purchase foreclosed homes with Federal HOME funds and 20% housing set aside funds; rehabilitate said home with 20% housing set aside funds; and deed restrict and resell to a low income household. 5525 Clark was purchased for $299,500. $48,970 of 20% Housing Set Aside funds were budgeted and utilized for rehabilitation of the unit. The outstanding balance at June 30, 2023 was $2,905. 136
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
69 B. Housing Authority (Continued)

009, the former LRA extended a non-interest bearing note in the amount of $710,000 to a developer for financial assistance on an affordable housing project located at 11300 Atlantic Avenue (the Property). The total amount represents the cash contribution from the Agency for the insurance payment of $454,000 and the rehabilitation loan of $256,000 for the project. Upon each anniversary of the date of the issuance of a Certificate of Completion and provided all material covenants set forth in the agreement have been performed during the previous year, a credit of 1/55 of the Insurance Payment principal amount shall be applied to the note, and the outstanding principal amount of the note shall be reduced by such amount. The outstanding balance at June 30, 2023 was $396,218.

July 2009, the former LRA extended a noninterest-bearing set aside note in the amount of $454,100 to Habitat for Humanity to assist in the cost of developing 10 low income ownership homes. Upon the subdivision of the site into individual lots for development, the set aside note was divided by the number of units constructed and each unit is responsible for the repayment of an equal share of the set aside note amount. The outstanding balance at June 30, 2023 was $453,197.

2009, the former LRA extended a noninterest-bearing set- aside note in the amount of $243,100 to Habitat for Humanity to assist in the cost of redeveloping a low income triplex at 3254 Palm Avenue for sale to low income households. Pursuant to the loan agreement, the LRA contributed the land and $243,100 to build the affordable homes. Upon the subdivision of the site into individual lots for development, the set aside note was divided by the number of units constructed and each unit is be responsible for the repayment of an equal share of the set-aside note amount. The outstanding balance at June 30, 2023 was $243,100.

Atlantic Housing development - On December 22, 2015, City and Developer entered into a Disposition and of the Site to Developer and Develope of approximately
eighty-one (81) affordable senior apartment units on the Site, incidental parking, landscaping, and related low income tax credits to help finance the acquisition
of the Site and development of the Senior Project, and long-term rental restrictions limiting occupancy of the units of the Senior Project to eligible lower income households, all as set forth and subject to the terms and conditions in the Original DDA. On April 23, 2013, the Los Angeles County Superior Court entered its final judgment in a lawsuit entitled Rogel et al. v. Redevelopment Agency of the City of Lynwood et al The Rogel I Judgment imposes an obligation on the Successor Agency of the former Lynwood Redevelopment ing Authority as the housing successor to the former
construct sixty-six (66) non-age-restricted low- to
bruary 14, 2017, the California Department of Finance
County of Los Angeles agreed not to object to, certain
allocations of property tax to the Successor Agency from to be deposited into a special housing fund within the Low Moderate Housing Asset Fund of the Housing Authority provide funding required to construct the Rogel I Units, subject to the limited availability of RPTTF funds. During the year ended June 30, 2023, an additional of $5,346,062 was funded. The outstanding balance at June 30, 2023 was $15,213,231. 137
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
70 Lease receivables consist of agreements with others for City at various locations. The remaining terms of the agreements range from 1 to 30 years. The incremental borrowing rates used ranged from 0.185% to 5.000%. For the year ended June 30, 2023, the City recognized $350,808 in lease revenue and $162,852 in interest revenue. The outstanding receivables are in the amounts of $4,603,980.

The future required payments for these leases, including interest, are as follows:

Year Ending June 30, Principal Interest Total
2024 274,499 $ 152,696$ 427,195$
2025 286,001 144,653 430,654
2026 229,457 136,336 365,793
2027 233,381 127,810 361,191
2028 248,275 118,848 367,123
2029-2033 1,317,115 443,259 1,760,374 2033-2038 1,148,311 159,506 1,307,817 2039-2043 474,110 56,596 530,706 2044-2048 262,259 19,908 282,167 2049-2052 130,572 4,429 135,001 Total 4,603,980 $ 1,364,041$ 5,968,021$
Governmental Activities

A. Due To/From Other Funds

The following is a summary of interfund balances as of June 30, 2023:

Landscape Nonmajor Internal
Maintenance Governmental Service
Due From Other FundsSpecial Revenue Fund Funds Funds Total Governmental Funds:

General Fund 6,019,274$ 8,621,345$ 270,709$ 14,911,328$ Capital Improvement
Projects Fund - 2,650,806 - 2,650,806 6,019,274$ 11,272,151$ 270,709$ 17,562,134$ Due to Other Funds
Governmental Funds

Current interfund receivables and payables were due to (1) short-term borrowings to eliminate negative cash, and (2) reimbursement of certain administrative costs which arise in the normal course of business and are expected to be repaid shortly after the end of the year.

138
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
71 B. Advances from Fiduciary Fund

Advances from the Successor Agency to the City (General Fund) at June 30, 2023 were as follows:

Advance to Other Fund
Fiduciary Fund:

Successor Agency Private
Purpose Trust Fund
Advance from Other Funds
957,380$
General Fund

The advance is the loan from the former Lynwood Redeve e City in the amount of $957,380 at June 30, 2023.

C. Transfers

The following is a summary of Interfund transfers for the year ended June 30, 2023:

LandscapeCapital Nonmajor GeneralMaintenance SpecialImprovement GovernmentalTransfers OutFundRevenue FundProjects Fund Fund TotalGov ernmental Funds:General Fund -$ 40,000$ 176,224$ 2,436,749$ 2,652,973$ Nonmajor Governmental Funds 165,193 - 13,005,655 1,503,320 14,674,168Proprietary Funds:Water and Sewer Enterprise Fund 1,000,000 - - - 1,000,000 1,165,193$ 40,000$ 13,181,879$ 3,940,069$ 18,327,141$ Gov ernmental FundsTransfers In

With Council approval, resources may be transferred from one City fund to another.

Transfers of $1,165,193 to the General fund consists, $5,000 from Public Art Special Revenue fund, $3,190 from Impact Fees Special revenue fund, $157,003 from LEAP Special Revenue Fund, and $1,000,000 from Water and Sewer Enterprise fund to cover city wide expenditures.

A transfer of $40,000 to Landscape Maintenance Special Revenue Fund to supplement the deficit.

A transfer of $176,224 to Capital Improvement Projects Fund to fund capital projects.

A transfer of $2,418,785 from General Fund to Nonmajor Governmental Funds consists of $2,026,265 from General fund to City Debt Service Fund for debt service payments and $410,484 to Litter Abatement Special Revenue fund for street sweeping services.

A transfer of $13,005,655 from nonmajor governmental funds to Capital Improvement Projects Fund to fund capital projects.

A transfer of $1,503,320 from Prop A Nonmajor Governmental Fund to Transportation Nonmajor Governmental Fund for transit costs.
139
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
72 A. Governmental Activities
Summary of changes in capital asset for the governmental activity for the year ended June 30, 2023 was as follows:

Balance
July 1, 2022 Balance
(As Restated) Additions Deletions Reclassification June 30, 2023 Capital assets, not being depreciated:

Land 53,159,412 $ - $ -$ -$ 53,159,412$ Rights of way 22,904,315 - - - 22,904,315 Trees 287,627 - - - 287,627 Construction in progress 8,981,008 6,042,700 - (6,200,146) 8,823,562 Total capital assets, not being depreciated85,332,362 6,042,700 - (6,200,146) 85,174,916 Capital assets, being depreciated:

Buildings and improvements 29,072,508 4,934,227 - 3,705,634 37,712,369 Machinery and equipment 7,636,793 567,481 - - 8,204,274 Infrastructure
Roadways, curbs and gutters 97,625,007 800,056 - 397,342 98,822,405 Sidewalks and medians 9,522,497 1,404,895 - 398,339 11,325,731 Other street appurtenances 9,396,951 21,440 - 1,698,831 11,117,222 Total capital assets, being depreciated153,253,756 7,728,099 - 6,200,146 167,182,001 Less accumulated depreciation for:

Buildings and improvements (8,644,351) (665,810) - - (9,310,161) Machinery and equipment (6,454,212) (254,529) - - (6,708,741) Infrastructure
Roadways, curbs and gutters (26,869,887) (2,903,060) - - (29,772,947) Sidewalks and medians (4,504,670) (291,760) - - (4,796,430) Other street appurtenances (3,604,860) (158,756) - - (3,763,616) Total accumulated depreciation (50,077,980) (4,273,915) - - (54,351,895) Total capital assets, being depreciated, net103,175,776 3,454,184 - 6,200,146 112,830,106 Intangible assets, being amortized:

Right-to-use lease assets 437,362 - (345,606) - 91,756 Right-to-use subscription assets 103,453 35,400 - - 138,853 Total intangible assets, being amortized 540,815 35,400 (345,606) - 230,609 Less accumulated amortization for:

Right-to-use lease assets (116,381) (24,586) 96,667 - (44,300) Right-to-use subscription assets - (42,309) - - (42,309) Total accumulated amortization (116,381) (66,895) 96,667 - (86,609) Total intangible assets, being amortized, net424,434 (31,495) (248,939) - 144,000 Gov ernmental activities capital assets, net188,932,572$ 9,465,389 $ (248,939)$ - $ 198,149,022$ 140
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
73 A. Governmental Activities (Continued)
Depreciation and amortization expenses were charged to functions/programs of the City's governmental activities as follows:

General government 834,890 $
Public safety 3,358
Public works 3,350,447
Community development 27,753
Parks and recreation 1,972
Internal Service Fund 122,390
Total 4,340,810$

B. Business-Type Activities

Summary of changes in capital asset for the business-type activity (Water and Sewer) for the year ended June 30, 2023 was as follows:

Balance Balance
July 1, 2022 Additions Deletions Reclassification June 30, 2023 Capital assets, not being depreciated:

Land 36,341 $ - $ -$ -$ 36,341$ Construction in progress 2,308,965 1,787,494 - (50,759) 4,045,700 Total capital assets, not being depreciated2,345,306 1,787,494 - (50,759) 4,082,041 Capital assets, being depreciated:

Buildings and improvements 90,555 - - - 90,555 Machinery and equipment 1,039,731 323,974 - - 1,363,705 Infrastructure 27,714,102 273,222 - 50,759 28,038,083 Total capital assets, being depreciated 28,844,388 597,196 - 50,759 29,492,343 Less accumulated depreciation for:

Buildings and improvements (26,972) (431) - - (27,403) Machinery and equipment (659,128) (71,272) - - (730,400) Infrastructure (9,820,314) (507,246) - - (10,327,560) Total accumulated depreciation (10,506,414) (578,949) - - (11,085,363) Total capital assets, being depreciated, net18,337,974 18,247 - 50,759 18,406,980 Intangible assets, being amortized:

Right-to-use lease assets 6,440 - (906) - 5,534 Less accumulated amortization for:

Accumulated amortization (1,845) (1,674) 906 - (2,613) Total intangible assets, being amortized, net4,595 (1,674) - - 2,921 Business-type activities capital assets, net20,687,875$ 1,804,067$ - $ -$ 22,491,942$ Depreciation and amortization expenses were charged to water and sewer function of the City's business-type activities in the amount of $580,623.
141
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
74 A. Governmental Activities

rnmental activities long-term liabilities for the year ended June 30, 2023 is as follows:

Balance
July 1, 2022 Balance Due within Due in More
(As Restated) Additions Deletions June 30, 2023 One Y ear Than One Year Governmental Activ ities:

Compensated absences 1,633,976 $ 427,616$ (440,702)$ 1,620,890$ 405,222$ 1,215,668$ Claims payable 5,444,000 256,770 (876,770) 4,824,000 746,469 4,077,531 Lease payable 410,681 - (369,444) 41,237 25,792 15,445 Subscription liabilities 83,465 - (33,062) 50,403 33,581 16,822 Direct borrowing:

CEC Loan 1,530,186 126,791 - 1,656,977 87,233 1,569,744 Vehicle Financing 43,497 - (8,699) 34,798 8,699 26,099 Revenue bonds and certificates:
2012 Sales Tax Revenue Certificates 5,085,000 - (235,000) 4,850,000 240,000 4,610,000 2017 Lease Revenue Refunding Bonds 5,771,044 - (253,469) 5,517,575 258,854 5,258,721 2018 Lynwood Housing Rev Bonds 14,960,000 - (1,630,000) 13,330,000 1,690,000 11,640,000 2019A Measure M Sales Tax Bond 12,255,000 - (115,000) 12,140,000 120,000 12,020,000 2019B Measure R Sales Tax Bond 2,025,000 - (85,000) 1,940,000 90,000 1,850,000 2019A PFA Lease Revenue Refunding Bonds 7,635,000 - (400,000) 7,235,000 415,000 6,820,000 2019B PFA Lease Revenue Refunding Bonds 13,955,000 - - 13,955,000 - 13,955,000 2020 PFA Lease Revenue Bonds 13,500,000 - - 13,500,000 575,000 12,925,000 Subtotal 75,186,044 - (2,718,469) 72,467,575 3,388,854 69,078,721 Add: premium 973,964 - (40,481) 933,483 - 933,483 Less: discount (683,402) - 54,709 (628,693) - (628,693) Total bonds and certificates 75,476,606 - (2,704,241) 72,772,365 3,388,854 69,383,511 Total gov ernmental activ ities 84,622,411$ 811,177 $ (4,432,918)$ 81,000,670$ 4,695,850$ 76,304,820$ Debt service payments for governmental activities are made from Debt Service Funds. The compensated absences are primarily liquidated from the General Fund.

Claims Payable
The City is self-insured for general liability and workers' compensation claims. The City records losses for claims incurred but not reported when the probable amount of loss can be reasonably estimated. Total amount of estimated claims outstanding at June 30, 2023 is $4,824,000. The claims payable is typically liquidated by the General Fund.

Lease Payable
The City entered into leases for the machine uses. The terms of the agreements range from 18 months to 60 months.

The interest rates used were between 0.218% to 0.632% based on the term of the agreements.

142
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
75 A. Governmental Activities (Continued)

Lease Payable (Continued)
Principal and interest payments to maturity at June 30, 2023 are as follows:

Year Ending
June 30, Principal Interest Total
2024 25,792$ 185 $ 25,977$ 2025 10,230 61 10,291 2026 4,404 19 4,423 2027 811 1 812 Total 41,237$ 266 $ 41,503$ Subscription Liabilities
The City entered into subscription agreements with various vendors for software. The terms of the agreements range from 24 months to 60 months. The interest rates used were between 2.145% to 2.796% based on the term of the agreements.

Principal and interest payments to maturity at June 30, 2023 are as follows:

Year Ending June 30, Principal Interest Total
2024 33,581 $ 1,171$ 34,752$
2025 7,506 421 7,927
2026 4,529 236 4,765
2027 4,787 121 4,908
Total 50,403 $ 1,949$ 52,352$
CEC Loan
On December 10, 2019; the City and the California Energy Resources Conservation and Development Commission funds will be disbursed on a reimbursement basis based on invoices submitted by the City. All funds disbursed with interest payable will be repaid to the Energy Commission and will bear simple interest at an annual rate of 1%. Payment of interest will be due at the time of semiannual scheduled loan repayment installments to the Energy Commission, and interest accrued from the time of disbursal of funds to the City until receipt of full loan repayment to the Energy Commission. Estimated project completion date is August 1, 2022. During the year ended June 30, 2023, the City expended and received an additional funding in the amount of $126,791. Cumulatively, the loans payable amounted to $1,656,977 at June 30, 2023.
143
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
76 A. Governmental Activities (Continued)

The debt service schedule for CEC loan is as follows:

Year Ending
June 30, Principal Interest Total
2024 87,233$ 46,677$ 133,910$
2025 118,508 15,402 133,910
2026 119,695 14,215 133,910
2027 120,895 13,015 133,910
2028 122,076 11,835 133,911
2029-2033 629,126 40,424 669,550 2034-2037 459,444 9,243 468,687 Total 1,656,977$ 150,811$ 1,807,788$

Vehicle Financing
On June 8, 2022, the City has entered into vehicle finance agreement with AutoNation Toyota Cerritos. The term of the agreement is 60 monthly payment with zero interest and principal due starting on July 23, 2022. The outstanding balance as of June 30, 2023 was $34,798.

Future payments are as follows:

Year Ending June 30, Principal Interest Total
2024 8,699 $ - $ 8,699$ 2025 8,699 - 8,699 2026 8,700 - 8,700 2027 8,700 - 8,700 Subtotal 34,798 $ - $ 34,798$ City of Lynwood Measure R Sales Tax Revenue Certificates, Series 2012 On December 5, 2012, the City issued $6,850,000 Measure R Sales Tax Revenue Certificates, Series 2012. The proceeds were used to finance the costs of the acquisition, construction, installation and equipping of certain public capital improvements for the City, fund a reserve account and pay cost of issuance of the bonds. Interest on the bonds is payable semi-annually each June 1 and December 1, beginning June 1, 2013. Principal matures each June 1 beginning 2014 and maturing in 2039. Interest rates on the bonds vary between 1.75% and 4.00%. The principal balance outstanding at June 30, 2023 was $4,850,000. 144
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
77 A. Governmental Activities (Continued)

City of Lynwood Measure R Sales Tax Revenue Certificates, Series 2012 (Continued) Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 240,000$ 152,744$ 392,744$
2025 245,000 146,444 391,444
2026 255,000 139,706 394,706
2027 260,000 132,694 392,694
2028 270,000 124,894 394,894
2029-2033 1,475,000 496,281 1,971,281 2034-2038 1,725,000 242,831 1,967,831 2039 380,000 12,825 392,825
Total 4,850,000$ 1,448,419$ 6,298,419$

City of Lynwood Lease Revenue Refunding Bonds, Series 2017 In April 2017, the City issued $7,685,000 Lease Revenue Bonds to current refund Lynwood Public Financing Authority 2003 Lease Revenue Refunding Bonds Series A and B, to finance the costs of the 2017 capital cost of issuance. Lynwood Public Financing Authority
2003 Lease Revenue Refunding Bonds Series A and B has been fully redeemed on May 11, 2017. Interest on the bonds is payable semi-annually each March 1 and September 1 beginning September 1, 2017 at a rate of 3.72% annum. Principals matures each September 1 beginning in 2017 and maturing in 2035. The refunding resulted in economic gain in the amount of $60,285 and the saving in debt service in the amount of $74,625. The principal balance outstanding at June 30, 2023 was $5,517,575.

Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 258,854$ 200,439$ 459,293$
2025 270,821 190,587 461,408
2026 279,895 180,344 460,239
2027 290,308 169,738 460,046
2028 303,682 158,690 462,372
2029-2033 2,274,346 581,747 2,856,093 2034-2036 1,839,669 104,244 1,943,913 Total 5,517,575$ 1,585,789$ 7,103,364$
145
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
78 A. Governmental Activities (Continued)

Lynwood Housing Authority Taxable Revenue Bonds, Series 2018 On November 1, 2018, the Lynwood Housing Authority issued $19,705,000 Lynwood Housing Authority Taxable Revenue Bonds, Series 2018 pursuant to the provisions of Chapter 1 of Part 2 of Division 24 of the California Health and Safety Code, a resolution adopted by the Housing authority. The Housing Authority is issuing the Bonds to satisfy the terms of a settlement agreement relating to Rogel, et al. v. State of California Department of Finance, et al. and the construction of a multifamily housing project, fund a reserve fund for the Bonds, and provide for the costs of issuing the Bonds. Principal matures each March 1 and September 1 beginning March 1, 2019 and maturing in September 1, 2029. Interest rates on the bonds vary between 3.120% and 3.980%. The principal balance outstanding at June 30, 2023, including unamortized discount of $229,297, was $13,100,703.

Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 1,690,000$ 527,779$ 2,217,779$
2025 1,755,000 465,249 2,220,249
2026 1,825,000 395,400 2,220,400
2027 1,900,000 322,400 2,222,400
2028 1,975,000 246,400 2,221,400
2029-2030 4,185,000 252,800 4,437,800 Subtotal 13,330,000 2,210,028 15,540,028 Less - discount (229,297) - (229,297) Total 13,100,703$ 2,210,028$ 15,310,731$
Lynwood Public Financing Authority Measure M Sales Tax Bond, Series 2019A On February 1, 2019, the Lynwood Public Financing Authority issued the $13,060,000 Lynwood Public Financing Authority Sales Tax Revenue Bonds, Se
with certain transportation projects of the City, fund a reserve account, and pay cost of issuance of the bonds. The 2019A Bonds are limited obligation of the Authority and are payable as to principal of, premium, and interest exclusively from the Pledged Measure M Receipts and any other funds pledged under the agreement. Interest rate is 4.000% per annum and will be payable on June 1, and December 1 of each year commencing June 1, 2019 to 2048. The principal balance outstanding at June 30, 2023 including unamortized premium of $800,547, was $12,940,547.

146
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
79 A. Governmental Activities (Continued)
Lynwood Public Financing Authority Measure M Sales Tax Bond, Series 2019A (Continued) Future debt service payments for the 2019A Bonds are as follows:

Year Ending
June 30, Principal Interest Total
2024 120,000$ 540,100$ 660,100$
2025 125,000 535,300 660,300
2026 130,000 530,300 660,300
2027 135,000 525,100 660,100
2028 140,000 518,350 658,350
2029-2033 820,000 2,478,500 3,298,500 2034-2038 1,005,000 2,294,381 3,299,381 2039-2043 3,980,000 1,966,388 5,946,388 2044-2048 5,685,000 925,838 6,610,838 Subtotal 12,140,000 10,314,257 22,454,257 Add - premium 800,547 - 800,547 Total 12,940,547$ 10,314,257$ 23,254,804$
Lynwood Public Financing Authority Measure R Sales Tax Bond, Series 2019B On February 1, 2019, the Lynwood Public Financing Authority issued the $2,395,000 Lynwood Public Financing $2,740,000 Lynwood Public Financing
Authority 2019 Bond Anticipation Note, fund a reserve account, and pay cost of issuance of the bonds. Interest will be payable on June 1, and December 1 of each year commencing June 1, 2019. The 2019A Bonds are limited obligation of the Authority and are payable as to principal of, premium, and interest exclusively from the Pledged Measure R Receipts and any other funds pledged under the agreement. Interest rate will be payable on June 1, and December 1 of each year commencing June 1, 2019 to 2039. Interest rates on the bonds vary between 3.000% and

5.000%. The principal balance outstanding at June 30, 2023 including unamortized premium of $132,936, was $2,072,936.

Future debt service payments for the 2019B Bonds are as follows:

Year Ending
June 30, Principal Interest Total
2024 90,000$ 77,263$ 167,263$
2025 95,000 73,663 168,663
2026 95,000 69,863 164,863
2027 100,000 66,063 166,063
2028 100,000 62,063 162,063
2029-2033 580,000 234,313 814,313 2024-2038 720,000 103,200 823,200 2039 160,000 5,600 165,600
Subtotal 1,940,000 692,028 2,632,028 Add - premium 132,936 - 132,936 Total 2,072,936$ 692,028$ 2,764,964$
147
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
80 A. Governmental Activities (Continued)

Lynwood Public Financing Authority Lease Revenue Refunding Bonds, Series 2019A and B On November 26, 2019, the Lynwood Public Financing Authority issued the $8,465,000 Lynwood Public Financing Authority Lease Revenue Refunding Bonds Series 2019A (federally taxable) to provide funds to refund Lease Revenue Bonds, 2010 Series A (Civic Center Improvement Project), and to pay cost of issuance of the bonds.

Interest will be payable on April 1, and October 1 of each year commencing April 1, 2020. Interest rate will be payable on June 1, and October 1 of each year commencing October 1, 2020 to 2040. Interest rates on the bonds vary between 2.153% and 3.961%. The principal balance outstanding at June 30, 2023 including unamortized discount of $10,059, was $7,224,941.

Lease Revenue Bonds, 2010 Series A has been fully refunded on September 1, 2020. These advance refunding resulted in an economic gain (difference between the present value of the debt service payments on the new and old debt) of $2,286,454 and a reduction of total debt service payments of $3,028,954.

Future debt service payments for the Series 2019A Bonds are as follows:

Year Ending
June 30, Principal Interest Total
2024 415,000$ 237,888$ 652,888$
2025 420,000 227,483 647,483
2026 435,000 216,164 651,164
2027 445,000 203,841 648,841
2028 455,000 190,713 645,713
2029-2033 1,930,000 747,822 2,677,822 2034-2038 1,845,000 430,576 2,275,576 2039-2041 1,290,000 75,869 1,365,869 Subtotal 7,235,000 2,330,356 9,565,356 Less - discount (10,059) - (10,059) Total 7,224,941$ 2,330,356$ 9,555,297$

On November 26, 2019, the Lynwood Public Financing Authority issued the $13,955,000 Lynwood Public Financing Authority Lease Revenue Refunding Bonds Series 2019B (tax-exempt) to provide funds to finance a portion of the costs associated with certain park improvements within the City limits and to pay cost of issuance of the bonds. Interest will be payable on April 1, and October 1 of each year commencing April 1, 2020. Interest rate will be payable on June 1, and October 1 of each year commencing October 1, 2020 to 2049. Interest rates on the bonds vary between 2.750% and 3.150%. Principal matures each October 1 beginning October 1, 2036 and maturing in October 1, 2049. The principal balance outstanding at June 30, 2023 including unamortized discount of $289,292, was $13,665,708.
148
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
81 A. Governmental Activities (Continued)

Lynwood Public Financing Authority Lease Revenue Refunding Bonds, Series 2019A and B (Continued) Future debt service payments for the Series 2019B Bonds are as follows:

Year Ending
June 30, Principal Interest Total
2024 - $ 415,900$ 415,900$ 2025 - 415,900 415,900 2026 - 415,900 415,900 2027 - 415,900 415,900 2028 - 415,900 415,900 2029-2033 - 2,079,500 2,079,500 2034-2038 1,100,000 2,049,525 3,149,525 2039-2043 3,990,000 1,677,000 5,667,000 2044-2048 6,145,000 880,125 7,025,125 2049-2050 2,720,000 82,200 2,802,200 Subtotal 13,955,000 8,847,850 22,802,850 Less - discount (289,292) - (289,292) Total 13,665,708$ 8,847,850$ 22,513,558$

Lynwood Public Financing Authority Lease Revenue Bonds Series 2020A

On December 10, 2020, Lynwood Public Financing Authority issued the $13,500,000 Lynwood Public Financing Authority Lease Revenue Bonds Series 2020A to provide funds Fund or such other purposes as the City may determine including public capital improvements and to fund a debt service reserve fund for the bonds, and to pay costs of issuance of the bonds. Interest on the bonds is payable semiannually on April 1 and October 1 of each year, commencing April 1, 2021. Interest rates on the bonds vary between 1.793% and 4.195%. Principal matures each October 1 beginning October 1, 2023 and maturing in October 1, 2040. The principal balance outstanding at June 30, 2023 including unamortized discount of $100,045, was $13,399,955.

Future debt service payments for the Lynwood Public Financing Authority Lease Revenue Bonds Series 2020A are as follows:

Year Ending
June 30, Principal Interest Total
2024 575,000$ 481,354$ 1,056,354$
2025 585,000 471,044 1,056,044
2026 595,000 457,384 1,052,384
2027 610,000 443,491 1,053,491
2028 630,000 426,131 1,056,131
2029-2033 3,450,000 1,816,842 5,266,842 2034-2038 4,145,000 1,126,620 5,271,620 2039-2041 2,910,000 247,505 3,157,505 Subtotal 13,500,000 5,470,371 18,970,371 Less - discount (100,045) - (100,045) Total 13,399,955$ 5,470,371$ 18,870,326$
149
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
82 B. Business-Type Activities

Summary of changes in business-type activities long-term debt for the year ended June 30, 2023 is as follows:

Balance Balance Due within Due in More
July 1, 2022 Additions Deletions June 30, 2023 One Year Than One Year Business-type Activ ities:

Compensated absences 378,421 $ 85,696$ (96,707)$ 367,410$ 91,853$ 275,557$ Lease payable 4,562 - (1,671) 2,891 1,331 1,560 Revenue bonds:
2014 A Revenue Refunding Bonds 3,795,000 - (250,000) 3,545,000 260,000 3,285,000 2017 A Revenue Refunding Bonds 4,395,000 - (580,000) 3,815,000 600,000 3,215,000 2017 B Revenue Refunding Bonds 17,530,000 - (65,000) 17,465,000 65,000 17,400,000 2020 A Enterprise Revenue Bonds (Green Bonds) 19,905,000 - (100,000) 19,805,000 100,000 19,705,000 Subtotal 45,625,000 - (995,000) 44,630,000 1,025,000 43,605,000 Less: discount (254,435) - 12,180 (242,255) - (242,255) Total Revenue bonds 45,370,565 - (982,820) 44,387,745 1,025,000 43,362,745 Total business-type activities 45,753,548$ 85,696 $ (1,081,198)$ 44,758,046$ 1,118,184$ 43,639,862$ Lease Payable
The City has entered into leases for the machine uses. The terms of the agreements range from 18 months to 60 months. The calculated interest rates used were between 0.218% to 0.632% based on the term of the agreements.

Principal and interest payments to maturity at June 30, 2023 are as follows:

Year Ending
June 30, Principal Interest Total
2024 1,331$ 10 $ 1,341$ 2025 1,337 4 1,341 2026 223 1 224 Total 2,891$ 15 $ 2,906$

Lynwood Utility Authority 2014 Series A Enterprise Revenue Bonds On January 8, 2014, the Lynwood Utility Authority issued $5,660,000 Enterprise Revenue Bonds, Series 2014A, to advance refund $5,480,000 of the outstanding 2003 Enterprise Revenue Bonds and to pay the cost of issuing the bonds. Principal installments are due annually ranging in amounts from $180,000 to $390,000 plus interest at

4.130% through June 1, 2034. The bonds will be paid from and secured by the net revenues of the water and sewer enterprise of the City. The City has covenanted that the net revenues in each year will be greater than or equal to the debt service payments on these bonds and any other parity debt.

Of the Series 2014A proceeds, $5,532,517 were used to purchase U.S. Government securities to refund in full the 2003 Enterprise Revenue Bonds. Those securities were placed in an irrevocable trust with an escrow agent to provide for all future debt service payments on the entire balance of the 2003 Enterprise Revenue Bonds in the amount of $5,480,000. As a result, the entire 2003 Enterprise Revenue Bonds are considered to be defeased and the liability for has been removed from the Statement of Net Position in the accompanying financial statements.

The advance refunding resulted in an economic gain (difference between the present value of the debt service payments on the new and old debt) of $265,453 and a reduction of total debt service payments of $416,902. 150
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
83 B. Business-Type Activities (Continued)
Lynwood Utility Authority 2014 Series A Enterprise Revenue Bonds (Continued) The principal balance outstanding at June 30, 2023 was $3,545,000.

Future debt service payments are as follow:

Year Ending
June 30, Principal Interest Total
2024 260,000$ 146,409$ 406,409$
2025 270,000 135,671 405,671
2026 280,000 124,520 404,520
2027 295,000 112,956 407,956
2028 310,000 100,772 410,772
2029-2033 1,740,000 302,110 2,042,110 2034 390,000 16,107 406,107
Total 3,545,000$ 938,545$ 4,483,545$
Lynwood Utility Authority 2017 Series A Enterprise Revenue Refunding Bonds On August 3, 2017, the Lynwood Utility Authority issued $5,750,000 of 2017 Series A Enterprise Refunding Revenue Bonds. The proceeds, which were used to partially refund, on an advance basis, some of the outstanding Lynwood Public Financing Authority Water Revenue 2009 Bonds Series A, for $5,600,735, fund a reserve fund for the bonds and pay the costs of issuance of the bonds. The net present value of savings, by doing the partial refunding, was $425,489. The outstanding balance of defeased 2009 series A Enterprise Revenue Bond was fully redeemed on June 1, 2019.

The 2017 Series A bonds consist of $5,750,000 of bonds maturing from 2018 through 2029.The serial bonds carry interest at rates of 2.42% and mature June 1, 2029. Interest is payable semi-annually every December 1 and June 1 with principal due June 1.

The bonds will be paid from, and secured by, the net revenues of the water and sewer enterprise of the City. The Lynwood Utility Authority has covenanted, to the maximum extent permitted by law, to set rates and charges for the service and facilities of water and sewer enterprise sufficient to provide net revenues each year equal to at least

1.25 times the aggregate annual amount of debt service payments on these bonds and any other parity debt.

The principal balance outstanding at June 30, 2023 was $3,815,000.

Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 600,000$ 92,323$ 692,323$
2025 610,000 77,803 687,803
2026 630,000 63,041 693,041
2027 640,000 47,795 687,795
2028 660,000 32,307 692,307
2029 675,000 16,353 691,353
Total 3,815,000$ 329,622$ 4,144,622$
151
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
84 B. Business-Type Activities (Continued)

Lynwood Utility Authority 2017 Series B Enterprise Revenue Bonds On September 7, 2017, the Lynwood Utility Authority issued $17,875,000 of 2017 Series B Enterprise Revenue Bonds. The proceeds fund a project fund, a reserve fund for the bonds, and pay the costs of issuance of the bonds.

The 2017 Series B bonds consist of $17,875,000 of bonds maturing from 2018 through 2047. The serial bonds carry interest at rates of 2.0% to 5.0% with an average of 3.25% and mature June 1, 2037. Two issues of term bonds mature June 1, 2042 and 2047. Interest is payable semi-annually every December 1 and June 1 with principal due June 1. The term bonds carry interest rates of 3.47% and 3.53% respectively.

The bonds will be paid from, and secured by, the new net revenues from a rate increase of the water and sewer enterprise of the City. The Lynwood Utility Authority has covenanted, to the maximum extent permitted by law, to set rates and charges for the service and facilities of water and sewer enterprise sufficient to provide net revenues each year equal to at least 1.25 times the aggregate annual amount of debt service payments on these bonds and any other parity debt.

The principal balance outstanding at June 30, 2023, including unamortized discount of $91,238, was $17,373,762.

Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 65,000$ 595,106$ 660,106$
2025 70,000 592,506 662,506
2026 70,000 589,706 659,706
2027 75,000 586,906 661,906
2028 80,000 583,906 663,906
2029-2033 1,905,000 2,758,731 4,663,731 2034-2038 4,400,000 2,244,413 6,644,413 2039-2043 5,605,000 1,442,119 7,047,119 2044-2047 5,195,000 445,669 5,640,669 Subtotal 17,465,000 9,839,062 27,304,062 Less - discount (91,238) - (91,238) Total 17,373,762$ 9,839,062$ 27,212,824$
Lynwood Utility Authority 2020 Series A Enterprise Revenue Bonds (Green Bonds) On April 2, 2020, the Lynwood Utility Authority issued $20,000,000 Lynwood Utility Authority Enterprise onds were issued to finance certain improvements to
the water system and the sewer system of the City, purchase a municipal bond insurance policy and establish a reserve fund surety for the Green Bonds, and to pay the cost of the issuance of the 2020 Series A Enterprise Revenue Bonds (Green Bonds).
152
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
85 B. Business-Type Activities (Continued)
Lynwood Utility Authority 2020 Series A Enterprise Revenue Bonds (Green Bonds) (Continued) The serial bonds carry interest rate of 4% and mature June 1, 2050. Interest is payable semi-annually every December 1 and June 1 beginning December 1, 2020.

The principal balance outstanding at June 30, 2023, including unamortized discount of $151,017, was $19,653,983.

Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 100,000$ 724,506$ 824,506$
2025 105,000 720,506 825,506
2026 110,000 716,306 826,306
2027 115,000 711,906 826,906
2028 110,000 707,306 817,306
2029-2033 2,135,000 3,378,931 5,513,931 2034-2038 3,000,000 2,864,019 5,864,019 2039-2043 3,575,000 2,287,806 5,862,806 2044-2048 5,660,000 1,612,806 7,272,806 2049-2050 4,895,000 267,706 5,162,706 Subtotal 19,805,000 13,991,798 33,796,798 Less - discount (151,017) - (151,017) Total 19,653,983$ 13,991,798$ 33,645,781$
C. Fiduciary Activities

Summary of changes of the Successor Ag
Balance Balance Due Within Due in More
July 1, 2022 Additions Repayments June 30, 2023 One Year Than One Year 2011 Tax Allocation Bonds,
Series A 13,685,000 $ - $ (13,685,000)$ - $ -$ -$ 2011 Tax Allocation Bonds,
Series B 4,030,000 - (4,030,000) - - - 2013 Tax Allocation Refunding Bonds,
Project Area A 5,375,000 - (5,375,000) - - - 2013 Tax Allocation Refunding Bonds,
Alameda Project Area 250,000 - (250,000) - - - 2022 Tax Allocation Refunding Bonds - 10,275,000 - 10,275,000 1,455,000 8,820,000 Net premium (discount) (80,918) - 80,918 - - - Total 23,259,082 $ 10,275,000$ (23,259,082)$ 10,275,000$ 1,455,000$ 8,820,000$ 153
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
86 C. Fiduciary Activities (Continued)

2011 Taxable Tax Allocation Bonds, Series A and B
On March 7, 2011, the former Lynwood Redevelopment Agency issued Tax Allocation Bonds Series A in the amount of $18,480,000 and Tax Allocation Bonds Series B in the amount of $5,660,000. For Series A, the interest rates vary from 6.75% to 7.25% and for Series B, the interest rates vary from 9% to 9.5%.

The primary purpose of the issuance of the 2011 Tax Allocation Bonds is to finance redevelopment activities within or of benefit to the Agency and finance low and moderate income housing projects throughout the geographic redevelopment project areas. During the year ended
June 30, 2023, 2011 Taxable Tax Allocation Bonds, Series A and B were current refunded by 2022 Tax Allocation Refunding Bonds.

2013A Tax Allocation Refunding Bonds (Project Area A)
On December 24, 2013, the Successor Agency of the former Lynwood Redevelopment Agency issued $9,785,000 of Tax Allocation Refunding Bonds (Project Area A), Series 2013A, to advance refund $9,840,000 of the outstanding 1999 Tax Allocation Bonds Series A, and to pay the cost of issuing the bonds. Principal installments are due annually ranging in amounts from $490,000 to $880,000 plus interest at 4.0% to 5.0% through September 1, 2028. The interest and principal of the bonds are payable from pledged tax increment revenues of the

Of the Series 2013A proceeds, $10,129,688 were used to purchase U.S. Government securities to refund in full the 1999 Tax Allocation Bonds Series A. Those securities were placed in an irrevocable trust with an escrow agent to provide for all future debt service payments on the entire balance of the 1999 Tax Allocation Bonds Series A in the amount of $9,840,000. As a result, the entire 1999 Tax Allocation Bonds Series A, are considered to be defeased and the liability has been removed from the Statement of Fiduciary Net Position in the accompanying financial statements.

1999 Tax Allocation Bonds Series A has been fully redeemed on March 1, 2014. The advance refunding resulted in an economic gain (difference between the present value of the debt service payments on the new and old debt) of $1,008,941 and a reduction of total debt service payments of $1,409,794.

During the year ended June 30, 2023, 2013A Tax Allocation Refunding Bonds (Project Area A) were advance refunded by 2022 Tax Allocation Refunding Bonds.

2013A Tax Allocation Refunding Bonds Alameda Project Area On December 24, 2013, the Successor Agency of the former Lynwood Redevelopment Agency issued $810,000 Tax Allocation Refunding Bonds - Alameda Project Area, Series 2013A, to advance refund $820,000 of the outstanding 1999 Tax Allocation Bonds Alameda Project Area, and to pay the cost of issuing the bonds. Principal installments are due annually ranging in amounts from $65,000 to $85,000 plus interest at 2.0% to 4.125% through September 1, 2024. The interest and principal of the bonds are payable from pledged tax increment revenues of the RPTF.
154
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
87 C. Fiduciary Activities (Continued)

2013A Tax Allocation Refunding Bonds Alameda Project Area (Continued) Of the Series 2013A proceeds, $845,830 were used to purchase U.S. Government securities to refund in full the 1999 Tax Allocation Bonds Alameda Project Area. Those securities were placed in an irrevocable trust with an escrow agent to provide for all future debt service payments on the entire balance of the 1999 Tax Allocation Bonds Alameda Project Area in the amount of $820,000. As a result, the entire 1999 Tax Allocation Bonds Alameda Project Area, are considered to be defeased and the liability for has been removed from the Statement of Fiduciary Net Position in the accompanying financial statements.

1999 Tax Allocation Bonds Series A has been fully redeemed on March 1, 2014. The advance refunding resulted in an economic gain (difference between the present value of the debt service payments on the new and old debt) of $43,260 and a reduction of total debt service payments of $182,457.

During the year ended June 30, 2023, 2013A Tax Allocation Refunding Bonds Alameda Project Area was advance refunded by 2022 Tax Allocation Refunding Bonds.
2022 Tax Allocation Refunding Bonds

On November 9, 2022 the Successor Agency to the Lynwood Redevelopment Agency issued its 2022 Tax Allocation Refunding Bonds (Federally Taxable) in the amount of $10,275,000 to refund all outstanding Tax Allocation Bond issues of both the former Lynwood Redevelopment Agency and the Successor Agency with the prior unexpended proceeds as following:

Outstanding debt refundedPrior unexpended proceeds
2011 Tax Allocation Bonds,
Series A 12,980,000 $ 11,358,844$ 2011 Tax Allocation Bonds,
Series B 3,810,000 355,665 2013 Tax Allocation Refunding Bonds,
Project Area A 4,710,000 601,651 2013 Tax Allocation Refunding Bonds,
Alameda Project Area 170,000 - Total 21,670,000 12,316,160 Proceed from the new debt issued 10,275,000
Total funds available for the refudning and associated costs 22,591,160$ Successor Agency used a combination of prior unexpended bond proceeds, prior reserve funds, and proceeds from the 2022 Tax Allocation Refunding Bonds to fully redeem the Prior Bonds. The Successor Agency retained a total of $6,307,812 in unspent proceeds from the 2011 Series A bonds, of which $901,116 is eligible to be spent on current projects now with the remaining $5,406,696 to become eligible for expenditure once the Successor Agency files its Last and Final Recognized Obligation Payment Schedule.

155
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
88 C. Fiduciary Activities (Continued)
2022 Tax Allocation Refunding Bonds (Continued)
2011 Taxable Tax Allocation Bonds, Series A and B were fully refunded on December 9, 2022. 2013 Tax Allocation Refunding Bonds, Project Area A, and 2013 Tax Allocation Refunding Bonds, Alameda Project Area outstanding balances at June 30, 2023 were $4,710,000 and $170,000, respectively to be fully redeemed on September 1, 2023 and September 1 ,2024, respectively. The refunding resulted in an economic gain (difference between the present value of the debt service payments on the new and old debt) of $964,987 and a reduction of total debt service payments of $19,079,301.

Interest on the bonds will be payable semiannually on March 1 and September 1 of each year, commencing March 1, 2023, and at rate from 5.090% to 5.900%. Principal on the bonds commences on March 1, 2023 and matures on September 1, 2031.

Future debt service payments are as follows:

Year Ending
June 30, Principal Interest Total
2024 1,455,000$ 453,757$ 1,908,757$
2025 1,115,000 485,366 1,600,366
2026 1,115,000 428,056 1,543,056
2027 1,165,000 370,098 1,535,098
2028 1,050,000 308,330 1,358,330
2029-2032 4,375,000 639,505 5,014,505 Total 10,275,000$ 2,685,112$ 12,960,112$

The City is a member of Independent Cities Risk Manage
to provide excess insurance coverage, risk management and self-insurance services for California cities. ICRMA is a ng Board consisting of one representative from each Member City.

ICRMA offers members excess operty and special events coverage.

Currently there are twenty-two member cities. ICRMA maintains a management services agreement with Bickmore Risk Services to provide staff services to the Authority.

A. Liability Program

ICRMA provides coverage on an occurrence basis to Members of the Liability Program between the Members' ity of Lynwood currently has SIR of $500,000. Members
pay an annual premium consisting of two components:
s independent actuary and to fund the cost of
reinsurance.
administrative premium - to pay management and operations costs. 156
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
89 A. Liability Program (Continued)

The combination of self-funding and the ability to attract reinsurance provides ICRMA Members with affordable and broad coverage in all stages of the commercial insurance market. The Liability Program Bylaws set forth claims handling and risk management guidelines and other program terms and conditions.

Currently, coverage is provided as noted below:

ICRMA Reinsurer
Public Officials Errors &
Omission Liability
$3,000,000 each occurrence* $20,000,000 each occurrence & annual aggregate excess of
ICRMA
Employment Practices Liability $3,000,000 each occurrence* $20,000,000 each occurrence & annual aggregate excess of
ICRMA
Other Liability $3,000,000 each occurrence* $30,000,000 each occurrence ex cess of ICRMA
tention of $200,000 each occurrence.

The Workers' Compensation Program combines self-funding and group purchased excess insurance. Sixteen ICRMA Members participate in this program. Members gain lower costs by combining to purchase excess coverage as one large entity and they gain cost stabili SIRs and the excess insurance attachment point.

ensation program covers the differe
and $2 million each accident. Commercial excess insurance attaches above the ICRMA $5 million limit and extends to $100 million each accident.

Members pay an annual premium consisting of two components:

independent actuary and to fund the cost of excess
insurance.
administrative premium - to pay management and operations costs.

C. All Risk Property Program

The City of Lynwood participates in the Property Insurance Program including auto, earthquake, and flood insurance. The property coverage limit is $250 million per occurrence other than auto, earthquake, and flood insurance. Auto insurance coverage limit is $10 million for all vehicles and $1 million per vehicle. Earthquake and flood insurance coverage limit is $75 million per occurrence. The City also participates in the Crime, Cyber, and Terrorism Insurance Programs with coverage limits of $5 million per loss, $3 million per member, and 10 million per occurrence, respectively. Due to the cost of earthquake insurance, the City only covers essential buildings for this insurance. Premiums for these policies are paid annually and are not subject to retroactive adjustments. 157
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
90 C. All Risk Property Program (Continued)
While the ultimate amount of losses incurred through June 30, 2023 are dependent on future developments, based upon information from the City Attorney, outside counsel, third party administrators, and others involved with the administration of the programs, management believes that the designation is adequate to cover such losses. Costs relating to the litigation of claims are expensed as incurred. Losses for claims incurred but not reported are recorded when the probable amount of loss can be reasonably estimated.

D. Other Programs

The City purchases fidelity coverage for its key officials in the amounts of $10,000 to $50,000 with no deductible.

Premiums for these policies are paid annually and are not subject to retroactive adjustments.

E. Liability for Self-Insured Claims

The following is a schedule of changes in claims and judgments for the three years ended June 30, 2023:

Workers' General
Compensation Liability Total
Claims and judgements at June 30, 2020 2,755,256$ 3,765,649$ 6,520,905$ Claims incurred and changes in estimates 796,142 360,189 1,156,331 Claim payments (381,153) (721,932) (1,103,085) Claims and judgements at June 30, 2021 3,170,245 3,403,906 6,574,151 Claims incurred and changes in estimates 268,495 (918,217) (649,722) Claim payments (281,740) (198,689) (480,429) Claims and judgements at June 30, 2022 3,157,000 2,287,000 5,444,000 Claims incurred and changes in estimates 256,770 (437,057) (180,287) Claim payments (275,770) (163,943) (439,713) Claims and judgements at June 30, 2023 3,138,000$ 1,686,000$ 4,824,000$ As of June 30, 2023 the workers' compensation claims payable in the amount of $3,138,000 and the general liability claims payable in the amount of $1,686,000 were reported in the Self-Insurance Internal Service Fund.

During the past three fiscal (claim) years, none of the above programs of protection have had settlements or judgments that exceeded pooled or insured coverage. There have been no significant reductions in pooled or insured liability coverage from the prior year.

158
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
91 The following is the summary of net pension liabilities and the related deferred outflows of resources and deferred inflows of resources at June 30, 2023 and pension expenses for the year then ended:

Business-
Governmental Type
Activities Activities Total
Deferred outflows of resources:

Pension contributions after measurement date:

Miscellaneous 3,672,569 $ 976,252$ 4,648,821$
Safety 771,266 - 771,266
Total contribution after measurement date 4,443,835 976,252 5,420,087 Changes of assumptions:

Miscellaneous 1,620,637 430,802 2,051,439 Safety 827,611 - 827,611
Total difference between ex pected and actual ex perience 2,448,248 430,802 2,879,050 Difference between expected and actual experience:

Miscellaneous 82,029 21,805 103,834 Safety 339,698 - 339,698
Total difference between ex pected and actual ex perience 421,727 21,805 443,532 Actual earnings on pension plan investments in excess of projected earnings:

Miscellaneous 3,553,320 944,554 4,497,874 Safety 1,296,150 - 1,296,150 Total Actual earnings on pension plan investments
in ex cess of projected earnings: 4,849,470 944,554 5,794,024 Employer contribution in ex cessproportionated contributions Safety 85,397 - 85,397
Total deferred outflows of resources 12,248,677$ 2,373,413$ 14,622,090$ Net pension liabilities:

Miscellaneous 28,570,047 $ 7,594,569$ 36,164,616$
Safety 8,207,967 - 8,207,967 Total net pension liabilities 36,778,014$ 7,594,569$ 44,372,583$ Deferred inflows of resources:

Difference between expected and actual experience:

Miscellaneous 957,431 254,507 1,211,938 Safety 89,132 - 89,132
Total difference between ex pected and actual ex perience 1,046,563 254,507 1,301,070 Adjustment due to difference in proportions
Safety 625,511 - 625,511
Total deferred inflows of resources 1,672,074$ 254,507$ 1,926,581$ Pension expenses (credit):

Miscellaneous 4,067,039 $ 1,406,661$ 5,473,700$
Safety (2,003,040) - (2,003,040) Total net pension expenses 2,063,999$ 1,406,661$ 3,470,660$ 159
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
92 A. General Information about the Pension Plans

Plan Description
The City contributes to two defined benefit pension plans: Employees Retirement Plan (Miscellaneous Plan) and Fire Retirement Plan (Safety Plan). Each plan provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. The Miscellaneous Plan is part of the Public Agency portion of the California Public Employees Retirem plan administered by CalPERS, which acts as a common investment and administrative agent for the participating public employers within the State of California. Benefit provisions under the Plan are established by State statute Publications.

a result, certain safety members (employees of the fire department) of CalPERS have ceased to be employed by the fire department of the City and have been employed by the County, and upon such transfer, these safety members have become members of Los Angeles County
transfer did not apply to safety members who have retired on or before the effective date of the transfer. Those retirees will continue to receive their pension benefits from the City's Safety Plan with CalPERS. The City of S Inactive Agency Risk Pool, a cost-sharing multiple-
employer defined benefit plan.

Benefit Provided
CalPERS provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. Benefit provisions under both plans are established by the State statute and City resolution as follows:

Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 3% @ 60 2% @ 62
Benefit vesting schedule 5 years of service 5 years of service Benefit payments Monthly for life Monthly for life
Retirement age 50 52
Benefit per year of service, as a percentage of salary 2.0% to 3.0% 1.0% to 2.5% Required employee contribution rates 8.000% 5.750%
Required contribution during measurement period 10.810% 10.810% Safety
Hire Date
Prior to
January 1, 2013
Benefit formula 2% @ 50
Benefit vesting schedule 3 years of service
Benefit payments Monthly for life
Retirement age 50
Benefit per year of service, as a percentage of salary 0.000% Required employee contribution rates 0.000%
Required contribution during measurement period 0.000%
Miscellaneous

160
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
93 A. General Information about the Pension Plans (Continued)

Benefit Provided
Participants are eligible for Service Retirement upon attainment of age 50 with at least 5 years of credited service (total service across all CalPERS employers, and with certain other retirement systems with which CalPERS has reciprocity agreements). For employees hired into a plan with the 1.5 percent at 65 formula, eligibility for service retirement is age 55 with at least 5 years of service. PEPRA miscellaneous members become eligible for service retirement upon attainment of age 52 with at least 5 years of service.

Participants becomes eligible for a deferred vested retirement benefit when he or she leaves employment, keeps his or her contribution account balance on deposit with CalPERS, and has earned at least 5 years of credited service (total service across all CalPERS employers, and with certain other retirement systems with which CalPERS has reciprocity agreements). Members become eligible to receive the deferred retirement benefit upon satisfying the eligibility requirements for deferred status and upon attainment of age 50 (55 for employees hired into a 1.5% @ 65 plan). PEPRA miscellaneous members become eligible to receive the deferred retirement benefit upon satisfying the eligibility requirements for deferred status and upon attainment of age 52.

A participant is eligible for Non-Industrial Disability Retirement if he or she becomes disabled and has at least 5 years of credited service (total service across all CalPERS employers, and with certain other retirement systems with which CalPERS has reciprocity agreements). There is no special age requirement. Disabled means the member is unable to perform his or her job because of an illness or injury, which is expected to be permanent or to last indefinitely. The illness or injury does not have to be job related. A CalPERS member must be actively employed by any CalPERS employer at the time of disability in order to be eligible for this benefit. The standard Non- Industrial Disability Retirement benefit is a monthly allowance equal to 1.8 percent of final compensation multiplied by service.

basic death benefit if the member dies while actively
employed. A CalPERS member must be actively employed with the CalPERS employer providing this benefit to be eligible for this benefit. A memb y other pre-retirement death benefit may choose to receive that death benefit instead of this basic death benefit. The basic death benefit is a lump sum in the rest is credited annually at the greater of 6 percent
or the prevailing discount rate through the date of death, plus a lump sum in the amount of one month's salary for each completed year of current service, up to a maximum of six months' salary. For purposes of this benefit, one month's salary is defined as the member's average monthly full-time rate of compensation during the 12 months preceding death.

Retirement and survivor allowances are adjusted each year in May for cost of living, beginning the second calendar year after the year of retirement. The standard cost-of-living adjustment (COLA) is 2 percent. Annual adjustments are calculated by first determining the lesser of 1) 2 percent compounded from the end of the year of retirement or 2) actual rate of inflation. The resulting increase is divided by the total increase provided in prior years. For any given year, the COLA adjustment may be less than 2 percent (when the rate of inflation is low), may be greater than the rate of inflation (when the rate of inflation is low after several years of high inflation) or may even be greater than 2 percent (when inflation is high after several years of low inflation). 161
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
94 A. General Information about the Pension Plans (Continued)

Employees Covered by Benefit Terms
At June 30, 2021, the valuation date, the following employees were covered by the benefit terms:

Miscellaneous Safety
Active employees 106 0
Transferred and terminated employees 191 4
Retired Employees and Beneficiaries 258 103
Total 555 107
Contributions
contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

B. Net Pension Liability

Actuarial Methods and Assumption Used to Determine Total Pension Liability The June 30, 2021 valuation was rolled forward to determine the June 30, 2022 total pension liability, based on following actuarial methods and assumptions:

Actuarial Cost Method
Actuarial Assumptions:

Discount Rate
Inflation
Salary Increases
Mortality Rate Table1
Post Retirement Benefit Increase
Entry Age Normal in accordance with the requirement of
GASB Statement No. 68

6.90%

2.30%
Varies by Entry Age and Service
The lesser of contract COLA or 2.30% until Purchasing
Power Protection Allowance floor on purchasing power
applies, 2.30% thereafter
1The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Ex perience Study for the period from 2001 to 2019. Pre-retirement and Post- retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Ex perience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website. 162
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
95 B. Net Pension Liability (Continued)

Change of Assumptions
Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

Long-Term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns
(geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 basis points. The expected real rates of return by asset class are as follows.

Assumed
Asset
Asset Class1 Allocation Real Return1, 2
Global Equity - Cap-weighted 30.00% 4.54%
Global Equity - Non-Cap-weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
100.00%
1An ex pected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study.

Discount Rate
The discount rate used to measure the total pension liability was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially net position was projected to be available to make
all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. 163
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
96 C. Changes in the Net Pension Liability
The following table shows the changes in net pension lia llaneous plan recognized over the measurement period.

Total Pension Plan Fiduciary Net Net Pension
Liability Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2021 (Valuation Date) 116,058,848$ 93,432,766$ 22,626,082$ Changes Recognized for the Measurement Period:

Service Cost 1,604,315 - 1,604,315 Interest on the total pension liability 7,994,211 - 7,994,211 Changes of assumptions 4,102,878 - 4,102,878 Difference between expected and actual experience (2,423,877) - (2,423,877) Contributions from the employer - 4,284,543 (4,284,543) Contributions from employees - 615,059 (615,059) Net investment income - (7,102,406) 7,102,406 Benefit payments, including refunds of employee
contributions (5,363,762) (5,363,762) - Administrative expenses - (58,203) 58,203 Net Changes during July 1, 2021 to June 30, 2022 5,913,765 (7,624,769) 13,538,534 Balance at June 30, 2022 (Measurement Date) 121,972,613$ 85,807,997$ 36,164,616$ Increase (Decrease)
Miscellaneous Plan

Proportionate Share of Net Pension Liability and Pension Expense oportionate share of the risk pool collective net pension liability over the measure period.

Total Pension Plan Fiduciary Net Net Pension
Liability Position Liabilit y/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2021 (Valuation Date) 19,576,509$ 13,554,685$ 6,021,824$ Balance at June 30, 2022 (Measurement Date) 17,707,582 9,499,615 8,207,967 Net Changes during 2021-2022 (1,868,927) (4,055,070) 2,186,143 Safety Plan
Increase (Decrease)

The following is the approach established by the plan actuary to allocate the net pension liability and pension expense to the individual employers within the risk pool.

(1) In determining a cost-sharing pl
calculated for the risk pool as a whole on the valuation 164
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
97 C. Changes in the Net Pension Liability (Continued)

Proportionate Share of Net Pension Liability and Pension Expense (Continued) (2) Using standard actuarial roll forward methods, the risk pool TPL is then computed at the measurement date (June 30, 2022). Risk pool FNP at the measurement date is then subtracted from this number to compute the NPL for the risk pool at the measurement date. For purposes of FNP in this step and any later June 30, 2022 less the sum of all additional side fund (or unfunded liability) contributions made by all employers during the measurement period (2021-2022).

ulated at the valuation date. TPL is allocated based
market value assets.

dual TPL and FNP as of the valuation date from (3) by

l to the risk pool TPL generated in (2) multiplied by
the Measurement Date is equal to the FNP generated
in (2) multiplied by the FNP ratio generated in (4) plus any additional side fund (or unfunded liability) contributions made by the employer on behalf of the plan during the measurement period.

difference between the TPL and FNP calculated in (5).

Deferred outflows of resources, deferred inflows of resources, and pension expense are allocated based on the at the end of the measurement date.

e net pension liability was as follows:

Safety Plan
June 30, 2021 0.111340%
June 30, 2022 0.071060%
Change - Increase (Decrease) -0.040280%

Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the plans as of the measurement date, calculated using the discount rate of 6.90%, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90%) or 1 percentage-point higher (7.90%) than the current rate:

Discount Rate Current Discount Discount Rate
- 1% (5.90% ) Rate (6.90% ) + 1% (7.90% )
Miscellaneous Plan53,578,337$ 36,164,616$ 21,903,071$ Safety Plan 10,653,356$ 8,207,967$ 6,209,413$ Plan's Net Pension Liability/(Asset)
165
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
98 C. Changes in the Net Pension Liability (Continued)
Pension Plan Fiduciary Net Position
is available in the separately issued CalPERS financial report.

D. Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions

For the year ended June 30, 2023, the City recognized pension expense (credit) in the amounts of $5,473,700 and $(2,003,040) for the miscellaneous plan and safety plan, respectively.

As of measurement date of June 30, 2022, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred outflows Deferred inflows
of Resources of Resources
Contributions made after the measurement date 4,648,821$ - $ Changes of assumptions 2,051,439 -
Difference between expected and actual experience 103,834 (1,211,938) Net difference between projected and actual earning
on pension plan investments 4,497,874 -
Total 11,301,968 $ (1,211,938)$
Miscellaneous Plan
Deferred outflows Deferred inflows
of Resources of Resources
Contributions made after the measurement date 771,266$ - $ Changes of assumptions 827,611 -
Difference between expected and actual ex perience 339,698 (89,132) Net Difference between Projected and Actual Earnings
on Pension Plan Investments 1,296,150 -
Adjustment due to difference in proportions - (625,511) Employer contributions in ex cess of proportionate
share of contribution 85,397 -
Total 3,320,122 $ (714,643)$
Safety Plan

The amounts above are net of outflows and inflows recognized in the 2021-2022 measurement period expense.

is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired). The EARSL for the miscellaneous plan and the safety risk pool for the 2021-2022 measurement period is 2 and 3.7 years, which was obtained by dividing the total service years of 1,110 and 574,665 (the sum of remaining service lifetimes of the active employees) by 555 and 153,587 (the total number of participants: active, inactive, and retired), respectively. 166
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
99 D. Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions (Continued)

$4,648,821 and $771,266 reported as deferred outflows of resources related to pensions for miscellaneous plan and butions subsequent to the measurement date will be
recognized as a reduction of the net pension liability in the year ending June 30, 2024. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in the future pension expense as follows:

Measurement
Period Miscellaneous Safety
E nding June 30 Plan Plan
2023 1,699,912$ 437,810$
2024 677,538 374,123
2025 362,436 231,610
2026 2,701,323 790,670
2027 - -
Thereafter - -
5,441,209$ 1,834,213$
of Resources
Deferred Outflows/(Inflows)

E. Payable to the CalPERS Plan

At June 30, 2023, the City reported a payable of $34,977 for the outstanding amount of contributions to the CalPERS Plan required for the year ended June 30, 2023.

F. Pension Tax Override

The City has established Retirement Special Revenue Fund to accumulate property tax levied for the City

167
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
100

At June 30, 2023, net OPEB liability and related deferred outflows of resources and deferred inflows of resources are as follows:

Governmental Business - Type
Activ ities Activities Total
Deferred outflows of resources:

OPEB contributions made after measurement date 1,502,567$ 295,206$ 1,797,773$ Net difference between projected and actual
earnings on OPEB plan investments 337,147 66,221 403,368 Total deferred inflows of resources 1,839,714$ 361,427$ 2,201,141$ Net OPEB liability: 16,244,303$ 3,191,331$ 19,435,634$ Deferred inflows of resources:

Difference between ex pected and actual experience 2,468,788 484,908 2,953,696 Changes in assumptions 862,911 169,632 1,032,543 Total deferred inflows of resources 3,331,699$ 654,54 0$ 3,986,239$ OPE B expenses: 178,237$ 35,72 0$ 213,957$ A. General Information about the OPEB Plan

Plan Description
In addition to the retirement plan described in Note 11, the City provides healthcare and life insurance benefits, in accordance with memorandum of understandings, to eligible retired employees in a single employer plan. The City joined and contributed to CalPERS California Employe
and Publications.

Employees Covered by Benefit Term
Eligible participants to the plan at June 30, 2022, the measurement date, the following numbers of participants were covered by the benefit terms:

Inactives currently receiving benefits 101
Inactives entitled to but not yet receiving benefits 41 Active employees 103
Total 245
Contributions
The City contributed $1,288,357 during the measurement period and $1,797,773 during the fiscal year ended June 30, 2023.
168
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
101

B. Net OPEB Liability

The June 30, 2021 valuation is rolled forward to measurement date of June 30, 2022 and used to determine the June 30, 2023 total OPEB Liability.

Actuarial Assumptions
The total OPEB liability as of June 30, 2022 was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Actuarial Cost Method Entry Age Normal, Level Percentage of Payroll Actuarial Assumptions:

Contribution Policy
Long-Term Ex pected Rate of Return on Assets
20-Y ear Municipal Bond Rate 3.54%
Disount Rate 6.25%
General Inflation 2.50% annually
Salary Increases Aggregate - 2.75% annually
Mortality Rate Table, Retirement, Disability,
Termination
Mortality Improvement
Medical Trend
PEMHCA Minimum
Healthcare participation for future retirees
Waived retiree re-election
Pay retiree pay-go outside the trust

6.25%
CalPERS 2000-2019 Experience Study
Non-Medicare - 6.50% for 2023, decreasing to an ultimate rate of 3.75% in 2076 and later years
Medicare (Non-Kaiser) - 5.65% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare (Kaiser) - 4.60% for 2023, decreasing to an ultimate rate of 3.75% in 2076
4% per annum
Medical - 95% for full benefit, 50% for PEMHCA minimum
only benefit
Others - 55% for dental, 60% for vision, 60% for life.

Medical - 10% re-elect at age 65
Dental, vision, life-none
Mortality projected fully generational with Scale MP-2021

Discount Rate

6.25% per annum. This discount rate assumes the City continues to fully fund for its retiree health benefits through

The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long- term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation.

Changes of Assumptions
There were no changes in assumptions.
169
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
102

B. Net OPEB Liability (Continued)

Expected Long-Term Rates of Return
Target Allocation1 Expected Real
Asset Class CERBT Strategy Rate of Return
Global Equity 49% 4.56%
Fix ed Income 23% 1.56%
TIPS 5% -0.08%
Commodities 3% 1.22%
REITs 20% 4.06%
Total 100%
Assumed Long-term rate of inflation is 2.50%.

Long-term ex pected rate of return is 6.25%.

The long-term expected real rates of return are presented as geometric means.

C. Changes in Net OPEB Liability

The following table shows the changes in the net OPEB liability recognized over the measurement period.

Total OPE B Plan Fiduciary Net Net OPE B
Liability Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2021 23,853,709 $ 5,762,935$ 18,090,774$ Changes recognized for the measurement period:

Service cost 378,156 - 378,156 Interest on the total OPEB liability 1,474,469 - 1,474,469 Changes of benefit terms - - - Difference between ex pected and actual ex perience - - - Changes of assumptions - - - Contributions from the employer - 1,288,357 (1,288,357) Contributions from employees - - - Net investment income, net of administrative expense (771,518) 771,518 Benefit payments, including refunds of employee
contributions (1,280,743) (1,280,743) - Administrative ex pense - (9,074) 9,074 Net Changes during July 1, 2021 to June 30, 2022 571,882 (772,978) 1,344,860 Balance at June 30, 2022 (Measurement Date) 24,425,591$ 4,989,957$ 19,435,634$ Increase (Decrease)

170
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
103
(Continued)
C. Changes in Net OPEB Liability (Continued)

Sensitivity of the Net OPEB Liability to Changes in Discount Rate The following presents the net OPEB liability of the City if it was calculated using a discount rate that is 1-percentage point lower (5.25 percent) or 1-percentage-point higher (7.25 percent) than the current discount rate:

Discount Rate Current Discount Discount Rate
- 1% (5.25% ) Rate (6.25% ) + 1% (7.25% )
22,603,511$ 19,435,634$ 16,813,430$ Plan's Net OPE B Liability/(Asset)

Sensitivity of the Net OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the net OPEB liability of the City if it was calculated using healthcare cost trend rates that are 1-percentage point lower or 1-percentage-point higher than the current healthcare cost trend rates:

1% Decrease Current Rate 1% Increase
16,386,493$ 19,435,634$ 23,195,952$ Plan's Net OPE B Liability/(Asset)

D. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB

For the year ended June 30, 2023, the City recognized OPEB expenses of $213,957. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from following sources:

Deferred outflows Deferred inflowsof Resources of ResourcesContributions made after the measurement date 1,797,773$ -$ Difference between expected and actual experience- (2,953,696) Changes of assumptions- (1,032,543) Net difference between projected and actual earning on pension plan investments403,368 - Total 2,201,141$ (3,986,239)$ OPEB Plan

The $1,797,773 reported as deferred outflows of resources re sequent to the measurement date during the year ended June 30, 2023 will be recognized as a reduction of the net OPEB liability in the year ending June 30, 2024.
171
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023
104
(Continued)
D. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB (Continued)

Other amounts reported as deferred inflows of resources related to OPEB will be recognized in future OPEB expense as follow:

Deferred Outflows
Measurement Period /(Inflows)
Ending June 30 of Resources
2023 (1,278,307)$
2024 (1,073,934)
2025 (976,406)
2026 (254,224)
2027 -
Thereafter -
(3,582,871)$

The net investment in capital assets for the governmental activities, business-type activities is calculated as follows:

Governmental Business-Type
Activ ities Activ ities
Total capital assets, net 198,149,022$ 22,491,942$
Unamortized loss on defeasance of debt 16,612 190,795 Unspent capital debt proceeds 25,891,915 19,804,535 Retention payable (733,840) -
Capital related debt (74,555,780) (44,390,636)
Net investment in capital assets 148,767,929$ (1,903,364)$

172
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023

105

Fund balances for the governmental funds at June 30, 2023 consisted of the following:

Housing Authority Landscape American Rescue Capital Nonmajor Special Revenue Maintenance Special Plan Special Improvement Projects Governmental G eneral Fund Revenue Fund Revenue Fund Capital Projects Fund Funds Total Nonspendable:

Prepaid items 8,507 $ - $ -$ -$ -$ -$ 8,507$ Restricted:

Public safety - - - - - 433,009 433,009 Public works 1,007,396 - - - - 15,541,338 16,548,734 Community development - 29,639,719 - - - 5,342,976 34,982,695 Retirement - - - - - 2,215,071 2,215,071 Capital projects - - - - 441,523 28,406,783 28,848,306 Debt service - - - - - 3,760,417 3,760,417 Subtotal 1,007,396 29,639,719 - - 441,523 55,699,594 86,788,232 Committed:

Rainy day fund 3,772,953 - - - - - 3,772,953 OPEB 1,000,000 - - - - - 1,000,000 Contingency set aside 4,007,319 - - - - - 4,007,319 Cannabis cultivation - - - - - 778,668 778,668 Subtotal 8,780,272 - - - - 778,668 9,558,940 Assigned:

Landscape Fund Shortfall 6,103,818 - - - - - 6,103,818 Refuse 1,732,753 - - - - - 1,732,753 ARPA 18,410,028 - - - - - 18,410,028 Lynwood Park Improvement 10,500,000 - - - - - 10,500,000 Subtotal 36,746,599 - - - - - 36,746,599 Unassigned 1,938,645 - (6,063,818) - - (5,744,954) (9,870,127) Total 48,481,419 $ 29,639,719$ (6,063,818)$ - $ 441,523$ 50,733,308$ 123,232,151$ to be funded by an automatic deposit/transfer of 10 percent of general tax revenues each fiscal year by the transactions and use tax-Measure PS. For Fiscal Year 2022-23, the City deposited ty Council may expend funds available
a fiscal hardship by a 4/5 vote, requiring the use of such resources to maintain current levels of City services and programs.

), created in accordance with the Internal Revenue Code Section 457, to its employees. Amounts deferred may not be paid to the employee during employment with the City, except for a catastrophic circumstance creating an undue financial hardship for the employee. The Plan is administered by an independent financial institution that has fiduciary responsibilities over the Plan assets. Consistent with the amended IRC Section 457, which took effect on January 1, 1997, the City no longer reports the Plan assets and liabilities on its financial statements.

173
City of Lynwood
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2023

106

There are other claims against the former Lynwood Redevelopment Agency which have been denied and referred to surance carrier. The Successor Agency believes that none of these claims will exceed insurance coverage.

Under the terms of federal, county, and state grants, periodic audits are required and certain costs may be questioned as not appropriate expenditures under the terms of the grants. Such audits could lead to reimbursements to the grantor agencies. If expenditures were disallowed, the City believes such disallowances, if any, would be immaterial.

The City is a defendant in certain legal claims and actions arising from the normal course of operations. In the opinion of management and legal counsel, such claims and actions will not have a material position.

The beginning net position for governmental activities was related due to implementation of GASB 96 as follows:

GovernmentalActivitiesNet position at July 1, 2022 181,425,167$ Capital assets - intangible assets 103,453 Subscription liabilities (83,465) Net position/fund balance at July 1, 2022, as restated 181,445,155$ .
174

REQUIRED SUPPLEMENTARY INFORMATION
(UNAUDITED)
107 175
This page intentionally left blank.
108 176
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 36,091,911 $ 36,091,911$ 37,064,362$ 972,451 $ Licenses and permits 658,100 658,100 1,018,789 360,689 Fines, forfeitures and penalties 918,500 918,500 1,662,586 744,086 Use of money and property 413,978 413,978 779,142 365,164 Intergovernmental revenues 104,929 104,929 190,645 85,716 Charges for services 1,984,800 2,007,800 1,801,010 (206,790) Miscellaneous 493,750 493,750 1,579,884 1,086,134 Total revenues 40,665,968 40,688,968 44,096,418 3,407,450 EXPENDITURES:

Current:

General government:

City Council 286,975 286,975 216,119 70,856
City Clerk 487,336 680,053 353,527 326,526
City Treasurer 178,483 178,483 167,858 10,625 City Manager 1,396,394 1,596,394 1,111,244 485,150 Finance & administration 917,303 978,598 922,690 55,908 Human resources 829,651 829,651 339,827 489,824 Technology & media support 521,882 521,882 518,383 3,499 Total general government 4,618,024 5,072,036 3,629,648 1,442,388 Public safety - Police and fire 11,358,073 11,358,073 10,640,594 717,479 Public works:

Water and sanitation 507,870 507,870 470,852 37,018
Development services 3,397,846 3,431,733 3,164,415 267,318 Total public works 3,905,716 3,939,603 3,635,267 304,336 Community development 5,178,552 5,550,353 4,974,529 575,824 Parks and recreation 4,012,054 3,939,810 3,683,418 256,392 Capital outlay 255,100 319,100 266,363 52,737 Debt service:

Principal retirement - - 42,496 (42,496) Interest and fiscal charges - - 490 (490) Total expenditures 29,327,519 30,178,975 26,872,805 3,306,170

EXCESS OF REVENUES OVER
EXPENDITURES 11,338,449 10,509,993 17,223,613 6,713,620 OTHER FINANCING SOURCES (USES):

Transfers in 1,008,190 1,060,190 1,165,193 105,003 Transfers out (2,560,634) (2,600,634) (2,652,973) (52,339) Total other financing sources (uses) (1,552,444) (1,540,444) (1,487,780) 52,664 NET CHANGE IN FUND BALANCE 9,786,005$ 8,969,549$ 15,735,833 6,766,284 $ FUND BALANCE:

Beginning of Year 32,745,586
End of Year 48,481,419 $
Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule - General Fund
City of Lynwood
For the Year Ended June 30, 2023
109 177
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property - $ -$ 128,341$ 128,341$ Intergovernmental 1,500,000 1,500,000 1,500,000 - Total revenues 1,500,000 1,500,000 1,628,341 128,341 EXPENDITURES:

Current:

Community development 5,675,927 5,702,927 68,631 5,634,296 Debt service:

Principal retirement 1,630,000 1,630,000 1,630,000 - Interest and fiscal charges 557,861 557,861 573,032 (15,171) Total expenditures 7,863,788 7,890,788 2,271,663 5,619,125 NET CHANGE IN FUND BALANCE (6,363,788)$ (6,390,788)$ (643,322) 5,747,466$ FUND BALANCE:

Beginning of year 30,283,041
End of year 29,639,719$
City of Lynwood
Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule - Housing Authority Special Revenue Fund For the Year Ended June 30, 2023
110 178
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 1,091,422 $ 1,091,422$ 1,068,938$ (22,484) $ Use of money and property 6,310 6,310 5,701 (609) Total revenues 1,097,732 1,097,732 1,074,639 (23,093) EXPENDITURES:

Current:

Public works 2,817,968 3,061,968 2,673,920 388,048 Total expenditures 2,817,968 3,061,968 2,673,920 388,048

EXCESS OF REVENUES OVER
EXPENDITURES (1,720,236) (1,964,236) (1,599,281) 364,955 OTHER FINANCING SOURCES:

Transfers in - - 40,000 40,000 Total other financing sources - - 40,000 40,000 NET CHANGE IN FUND BALANCE (1,720,236)$ (1,964,236)$ (1,559,281) 404,955 $ FUND BALANCE (DEFICIT):

Beginning of year (4,504,537)
End of year (6,063,818)$
City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Budgetary Comparison Schedule - Landscape Maintenance Special Revenue Fund For the Year Ended June 30, 2023
111 179
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental 12,176,519 $ 12,176,519$ 10,171,311$ (2,005,208)$ Total revenues 12,176,519 12,176,519 10,171,311 (2,005,208) EXPENDITURES:

Current:

General government 1,262,700 2,189,600 301,200 1,888,400 Public safety 9,715,826 9,715,826 9,870,111 (154,285) Total expenditures 10,978,526 11,905,426 10,171,311 1,734,115

EXCESS OF REVENUES OVER
EXPENDITURES 1,197,993 271,093 - (271,093) OTHER FINANCING USES:

Transfers out (3,397,084) (3,449,084) - 3,449,084 Total other financing uses (3,397,084) (3,449,084) - 3,449,084 NET CHANGE IN FUND BALANCE (2,199,091)$ (3,177,991)$ - 3,177,991$ FUND BALANCE:

Beginning of year -
End of year -$
For the Year Ended June 30, 2023
City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Budgetary Comparison Schedule - American Rescue Plan Special Revenue Fund 112 180
Capital Projects Funds) is modified accrual.

Revenues are budgeted according to when they are both measurable and available. Revenues are considered to be available when they are collected within the current period, or soon enough thereafter to pay liabilities of the current period. The City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. Expenditures are budgeted according to when the liability is incurred, regardless of the timing of related cash flow. The exceptions are debt service, compensated absences, claims and judgments, which are budgeted as expenditures according to when the payments are due.

The following procedures establish the budgetary data reflected in the financial statements:

The City Council approves two year's budget submitted by the City Manager prior to the beginning of the new fiscal year. Public hearings are conducted prior to its adoption by the City Council. Supplemental appropriations, where required during the period, are also approved by the City Council. Budget transfers that affect the total appropriations for any fund require City Council approval. Budget transfers within a budget code with no change in appropriation are approved by the City Manager only and do not require approval by the City Council.

A budget code could be a program or a division of a department or a department. In most cases, expenditures may not legally exceed appropriations at the budget code level for the General fund, and fund level for Special Revenue, Capital Projects, and Debt Service Funds.

Legally adopted budgets for all governmental funds are established on a basis consistent with accounting principles generally accepted in the United States of America. At fiscal year-end, all operating budget appropriations lapse with the exception of encumbered and continuing appropriations. During the fiscal year, several supplementary appropriations were necessary.

Budgets are adopted for all general, special revenue, capital projects, and debt service funds except for CalHome State Grant Special Revenue Fund, MTA Exchange (STPL & HIP) Special Revenue Fund, 2020 LRB Capital Projects Fund, and Measure R (Bans) Capital Projects Fund.

The City follows these procedures in establishing the budgetary data reflected in the financial statements:

City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Notes to the Budgetary Comparison Schedule
For the Year Ended June 30, 2023
Budget and Budgetary Accounting
113 181
Measurement period 2013-141 2014-15 2015-16 2016-17 2017-18 Total pension liability
Service cost 1,448,697 $ 1,328,607$ 1,272,859$ 1,397,160$ 973,785 $ Interest 5,995,447 6,236,738 6,391,825 6,546,957 6,500,059 Changes of benefit terms - - - - - Changes of assumptions - (1,617,186) - 5,791,209 (313,095) Differences between expected and actual experience - (690,066) (1,879,241) (1,600,845) (3,727,458) Benefit payments, including refunds of employee contributions (3,327,245) (3,653,076) (3,608,844) (4,200,397) (4,495,204) Net change in total pension liability 4,116,899 1,605,017 2,176,599 7,934,084 (1,061,913) Total pension liability - beginning 80,878,575 84,995,474 86,600,491 88,777,090 96,711,174 Total pension liability - ending (a) 84,995,474$ 86,600,491$ 88,777,090$ 96,711,174$ 95,649,261$ Pension fiduciary net position
Contributions - employer 1,823,737 $ 1,726,042$ 1,908,780$ 1,823,634$ 2,307,111$ Contributions - employee 601,654 609,517 599,040 486,971 485,889 Net investment income 9,381,042 1,381,816 314,977 6,896,918 5,604,478 Benefit payments, including refunds of employee contributions (3,327,245) (3,653,076) (3,608,844) (4,200,397) (4,495,204) Plan to plan resource movement 16,618 2,328 2,424 (164) Administrative expense - (71,182) (38,522) (92,109) (104,878) Other Miscellaneous Income/(Expense)2 - - - - (199,165) Net change in plan fiduciary net position 8,479,188 9,735 (822,241) 4,917,441 3,598,067 Plan fiduciary net position - beginning3 54,719,644 63,198,832 63,208,567 62,386,326 67,303,767 Plan fiduciary net position - ending (b) 63,198,832$ 63,208,567$ 62,386,326$ 67,303,767$ 70,901,834$ Plan net pension liability - ending (a) - (b) 21,796,642$ 23,391,924$ 26,390,764$ 29,407,407$ 24,747,427$ Plan fiduciary net position as a percentage 74.36% 72.99% 70.27% 69.59% 74.13% of the total pension liability
Covered payroll4 7,884,919$ 7,571,271$ 7,437,528$ 7,205,569$ 5,230,341$ Plan net pension liability as a percentage of covered payroll276.43% 308.96% 354.83% 408.12% 473.15% Notes to Schedule:
4 cal years ended June 30, 2018-21;

3.00% payroll growth assumption for fiscal years ended June 30, 2014-17.

Benefit Changes: The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

Changes of Assumptions: Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long- term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates 2017 through 2021, 7.65% for measurement dates 2015 through 2016, and 7.50% for measurement date 2014.

Last Ten Fiscal Years1
1 Historical information is presented only for measurement periods after GASB 68 was implemented in 2013-14. Additional years of information will be displayed as it becomes available. 2During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of C CalPERS recorded a one-time expense as a result of the adoption of GASB 75.

Additionally, CalPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68). 3 Includes any beginning of year adjustment.

City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Changes in the Net Pension Liability and Related Ratios For the Year Ended June 30, 2023
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan 114 182
Measurement period 2018-19 2019-20 2020-2021 2021-2022
Total pension liability
Service cost 954,743 $ 1,472,116$ 1,526,500$ 1,604,315$ Interest 6,765,828 7,485,092 7,857,531 7,994,211 Changes of benefit terms - - - - Changes of assumptions - - - 4,102,878 Differences between expected and actual experience 857,786 6,897,979 1,142,164 (2,423,877) Benefit payments, including refunds of employee contributions (4,714,906) (4,920,285) (4,914,961) (5,363,762) Net change in total pension liability 3,863,451 10,934,902 5,611,234 5,913,765 Total pension liability - beginning 95,649,261 99,512,712 110,447,614 116,058,848 Total pension liability - ending (a) 99,512,712$ 110,447,614$ 116,058,848$ 121,972,613$ Pension fiduciary net position
Contributions - employer 2,966,212 $ 3,354,347$ 3,532,629$ 4,284,543$ Contributions - employee 716,937 690,604 622,025 615,059 Net investment income 4,602,755 3,678,510 17,149,454 (7,102,406) Benefit payments, including refunds of employee contributions (4,714,906) (4,920,285) (4,914,961) (5,363,762) Plan to plan resource movement - - - - Administrative expense (50,597) (104,917) (77,039) (58,203) Other Miscellaneous Income/(Expense)1 164 - - - Net change in plan fiduciary net position 3,520,565 2,698,259 16,312,108 (7,624,769) Plan fiduciary net position - beginning2 70,901,834 74,422,399 77,120,658 93,432,766 Plan fiduciary net position - ending (b) 74,422,399$ 77,120,658$ 93,432,766$ 85,807,997$ Plan net pension liability - ending (a) - (b) 25,090,313$ 33,326,956$ 22,626,082$ 36,164,616$ Plan fiduciary net position as a percentage 74.79% 69.83% 80.50% 70.35% of the total pension liability
Covered payroll3 5,284,456$ 8,312,345$ 8,717,876$ 7,635,961$ Plan net pension liability as a percentage of covered payroll 474.79% 400.93% 259.54% 473.61% City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Changes in the Net Pension Liability and Related Ratios (Continued) For the Year Ended June 30, 2023
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan 115 183
Measurement Date June 30, 20141 June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 City's proportion of the net pension liability/(asset) 0.08548% 0.07871% 0.07695% 0.07487% 0.07801% City's proportionate Share of 5,318,857 $ 5,402,562$ 6,658,316$ 7,424,692$ 7,517,090$ the net pension liability/(asset)
City's Covered payroll2 - - - - - Proportionate Share of the net pension liability/(asset) as percentage of covered payroll N/A N/A N/A N/A N/A
Plan's Proportionate Share of the Fiduciary Net Position as a Percentage of the Plan's Total Pension Liability 79.01% 77.01% 71.71% 68.08% 66.36% 1 Historical information is presented only for measurement periods after GASB 68 was implemented in 2013-14. Additional years of information will be displayed as it becomes available.
2 The plan has no active members, and therefore, no covered payroll.

City of Lynwood
Required Supplementary Information (Unaudited) (Continued) For the Year Ended June 30, 2023
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Safety Plan 116 184
Measurement Date June 30, 2019 June 30, 2020 June 30, 2021 June 30, 2022 City's proportion of the net pension liability/(asset) 0.07535% 0.07257% 0.11134% 0.07106% City's proportionate Share of 7,721,641 $ 7,896,343$ 6,021,824$ 8,207,967$ the net pension liability/(asset)
City's Covered payroll2 - - - - Proportionate Share of the net pension liability/(asset) as percentage of covered payroll N/A N/A N/A N/A
Plan's Proportionate Share of the Fiduciary Net Position as a Percentage of the Plan's Total Pension Liability 63.97% 60.93% 69.24% 53.65% For the Year Ended June 30, 2023
Required Supplementary Information (Unaudited) (Continued) City of Lynwood
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Safety Plan 117 185
Fiscal Year 2013-14 2014-15 2015-16 2016-17 2017-18
Actuarially determined contribution 1,823,737 $ 1,726,042$ 1,908,780$ 1,823,634$ 2,307,111$ Contributions in relation to the
actuarially determined contribution1 (1,823,737) (1,726,042) (1,908,780) (1,823,634) (2,307,111) Contribution deficiency (excess) - $ -$ -$ -$ -$ Covered payroll2 7,884,919$ 7,571,271$ 7,437,528$ 7,205,569$ 5,230,341$ Contributions as a percentage of
covered payroll2 23.13% 22.80% 25.66% 25.31% 44.11%
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method
Amortization method
Asset valuation method
Inflation
Salary increases
Payroll Growth
Investment rate of return
Retirement age
Mortality The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.

City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Plan Contributions - Pensions
For the Year Ended June 30, 2023
1 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions. 2 for fiscal years ended June 30, 2018-21; 3.00% payroll growth assumption for fiscal years ended June 30, 2014-17.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2022-23 were derived from the June 30, 2020 funding valuation report.

The probabilities of retirement are based on the 2017 CalPERS Experience study for the period from 1997 to 2015
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan Last Ten Fiscal Years
7% net of pension plan investment expenses; includes Inflation.

2.75%
Varies by entry age and service

2.50%
Fair value
Level percentage of payroll
Entry Age Normal Cost Method
118 186
Fiscal Year 2018-19 2019-20 2020-21 2021-22 2022-23
Actuarially determined contribution 2,966,212 $ 3,354,347$ 3,532,629$ 4,284,543$ 4,648,821$ Contributions in relation to the
actuarially determined contribution1 (2,966,212) (3,354,347) (3,532,629) (4,284,543) (4,648,821) Contribution deficiency (excess) - $ -$ -$ -$ -$ Covered payroll2 5,284,456$ 8,312,345$ 8,717,876$ 7,635,961$ 7,849,768$ Contributions as a percentage of
covered payroll2 56.13% 40.35% 40.52% 56.11% 59.22%
City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Plan Contributions - Pensions (Continued)
For the Year Ended June 30, 2023
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan 119 187
Fiscal Year 2013-14 2014-15 2015-16 2016-17 2017-18
Actuarially determined contribution 927,126$ - $ -$ -$ -$ Contributions in relation to the actuarially
determined contribution (927,126) (238,588) (264,420) (319,342) (552,030) Contribution deficiency (excess) - $ (238,588)$ (264,420)$ (319,342)$ (552,030)$ Covered payroll1 N/A N/A N/A N/A N/A
Contributions as a percentage of covered
payroll1 N/A N/A N/A N/A N/A
Notes to Schedule:

City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Plan Contributions - Pensions
For the Year Ended June 30, 2023
California Public Employees' Retirement System Defined Pension Plan - Safety Plan Last Ten Fiscal Years
1 The plan has no active members, and therefore, no covered payroll.

Change in Benefit Terms: There were no change in benefit term.

Changes of Assumptions: Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from

7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates 2017 through 2021, 7.65% for measurement dates 2015 through 2016, and 7.50% for measurement date 2014. 120 188
Fiscal Year 2018-19 2019-20 2020-21 2021-2022 2022-2023 Actuarially determined contribution - $ -$ -$ -$ -$ Contributions in relation to the actuarially
determined contribution (673,381) (659,283) (741,891) (733,353) (771,266) Contribution deficiency (excess) (673,381)$ (659,283)$ (741,891)$ (733,353)$ (771,266)$ Covered payroll1 N/A N/A N/A N/A N/A
Contributions as a percentage of covered
payroll1 N/A N/A N/A N/A N/A
California Public Employees' Retirement System Defined Pension Plan - Safety Plan City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Plan Contributions - Pensions (Continued)
For the Year Ended June 30, 2023
Last Ten Fiscal Years
121 189
Measurement period 2016-171 2017-18 2018-19 2019-20 2020-21 Total OPEB liability
Service cost 589,190 $ 606,866$ 625,072$ 509,557$ 516,313$ Interest 1,690,724 1,776,215 1,862,217 1,837,851 1,881,704 Changes of benefit terms - - - - - Differences between expected and actual experience - - (1,416,202) - (4,095,656) Changes of assumptions - - (167,109) (503,935) (1,190,489) Benefit payments, including refunds
of employee contributions (943,414) (1,118,695) (1,135,668) (1,163,219) (1,237,894) Net change in total OPEB liability 1,336,500 1,264,386 (231,690) 680,254 (4,126,022) Total OPEB liability - beginning 24,930,281 26,266,781 27,531,167 27,299,477 27,979,731 Total OPEB liability - ending (a) 26,266,781$ 27,531,167$ 27,299,477$ 27,979,731$ 23,853,709$ OPEB fiduciary net position
Contributions - employer 1,445,958 $ 1,121,366$ 1,135,668$ 1,170,498$ 1,245,311$ Contributions - employee - - - Net investment income 337,328 304,026 254,087 154,409 1,243,256 Benefit payments, including refunds of
employee contributions (943,414) (1,118,695) (1,135,668) (1,163,219) (1,237,894) Plan to plan resource movement
Administrative expense (4,227) (9,760) (882) (9,414) (9,128) Net change in plan fiduciary net position 835,645 296,937 253,205 152,274 1,241,545 Plan fiduciary net position - beginning 2,983,329 3,818,974 4,115,911 4,369,116 4,521,390 Plan fiduciary net position - ending (b) 3,818,974$ 4,115,911$ 4,369,116$ 4,521,390$ 5,762,935$ Plan net OPEB liability - ending (a) - (b) 22,447,807$ 23,415,256$ 22,930,361$ 23,458,341$ 18,090,774$ Plan fiduciary net position as a percentage 14.54% 14.95% 16.00% 16.16% 24.16% of the total OPEB liability
Covered-employee payroll 5,992,698$ 8,848,978$ 9,974,285$ 9,524,565$ 8,967,312$ Plan net OPEB liability as a percentage of
covered-employee payroll 374.59% 264.61% 229.89% 246.29% 201.74% Notes to Schedule:
1 Historical information is presented only for measurement periods after GASB 75 was implemented in fiscal year of 2017-18 (measurement period of 2016-17). Additional years of information will be displayed as it becomes available.

Benefit Changes: There were no benefit changes.

Changes of Assumptions: In 2021, the accounting discount changes from Select & ultimate discount rates based on funding policy to 6.25 percent.

In 2019 and 2020, the accounting discount changes from Select & ultimate discount rates based on funding policy to 6.75 percent.

City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Changes in the Net OPEB Liability and Related Ratios For the Year Ended June 30, 2023
Last Ten Fiscal Years1
Other Postemployment Benefit Plan
122 190
Measurement period 2021-22
Total OPEB liability
Service cost 378,156 $
Interest 1,474,469
Changes of benefit terms -
Differences between expected and actual experience -
Changes of assumptions -
Benefit payments, including refunds
of employee contributions (1,280,743)
Net change in total OPEB liability 571,882
Total OPEB liability - beginning 23,853,709
Total OPEB liability - ending (a) 24,425,591$
OPEB fiduciary net position
Contributions - employer 1,288,357 $
Contributions - employee
Net investment income (771,518)
Benefit payments, including refunds of
employee contributions (1,280,743)
Plan to plan resource movement
Administrative expense (9,074)
Net change in plan fiduciary net position (772,978)
Plan fiduciary net position - beginning 5,762,935
Plan fiduciary net position - ending (b) 4,989,957$
Plan net OPEB liability - ending (a) - (b) 19,435,634$
Plan fiduciary net position as a percentage 20.43%
of the total OPEB liability
Covered-employee payroll 10,179,608$
Plan net OPEB liability as a percentage of
covered-employee payroll 190.93%
Other Postemployment Benefit Plan
City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Changes in the Net OPEB Liability and Related Ratios (Continued) For the Year Ended June 30, 2023
Last Ten Fiscal Years1
123 191
Fiscal Year 2016-171 2017-18 2018-19 2019-20 2020-21
Actuarially determined contribution 2,336,000$ 2,399,000$ 2,482,000$ 2,583,000$ 2,268,000$ Contributions in relation to the actuarially
determined contribution (1,445,958) (1,121,366) (1,135,668) (1,170,498) (1,245,311) Contribution deficiency (excess) 890,042$ 1,277,634$ 1,346,332$ 1,412,502$ 1,022,689$ Covered-employee payroll 5,992,698$ 8,848,978$ 9,974,285$ 9,524,565$ 8,967,312$ Contributions as a percentage of covered
payroll 24.1% 12.7% 11.4% 12.3% 13.9%
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial Cost Method
Amortization Method
Amortization Period
Asset Valuation Method
Discount Rate
General Inflation 2.50%
Medical Trend
Mortality
Mortality Improvement Mortality projected fully generational with ScaleMP-2021 CalPERS 2000-2019 Experience Study
Entry Age Normal, Level Percentage of Payroll
Level % of pay
Investment gains and losses spread over 5-year rolling period

6.25%
18-year fixed period for 2022/23
City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Contributions - Other Postemployment Benefits Plan For the Year Ended June 30, 2023
Non-Medicare - 6.50% for 2023, decreasing to an ultimate rate of 3.75% in 2076; Medicare (Non- Kaiser) - 5.65% for 2023, decreasing to an ultimate rate of 3.75% in 2076; Medicare (Kaiser) -

4.60% for 2023, decreasing to an ultimate rate of 3.75% in 2076 Last Ten Fiscal Years
Other Postemployment Benefit Plan
1Historical information is presented only for measurement periods after GASB 75 implementation in fiscal year of 2017-18 (measurement period of 2016-17). Additional years of information will be displayed as it becomes available.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2022-23 were derived from the June 30, 2021 funding valuation report.
124 192
Fiscal Year 2021-22 2022-23
Actuarially determined contribution 2,310,000 $ 1,876,000$ Contributions in relation to the actuarially
determined contribution (1,288,357) (1,797,773) Contribution deficiency (excess) 1,021,643 $ 78,227 $ Covered-employee payroll 10,179,608 $ 10,427,255$ Contributions as a percentage of covered
payroll 12.7% 17.2%
City of Lynwood
Required Supplementary Information (Unaudited) (Continued) Schedule of Contributions - Other Postemployment Benefits Plan (Continued) For the Year Ended June 30, 2023
Other Postemployment Benefit Plan
Last Ten Fiscal Years
125 193
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126 194

SUPPLEMENTARY INFORMATION
127 195
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128 196
Original Final Variance with
Budget Budget Actual Final Budget
EXPENDITURES:

Capital outlay 51,557,372 $ 58,374,315$ 13,181,879$ 45,192,436$ Total expenditures 51,557,372 58,374,315 13,181,879 45,192,436 OTHER FINANCING SOURCES:

Transfers in 51,557,380 58,355,094 13,181,879 (45,173,215) Total other financing 51,557,380 58,355,094 13,181,879 (45,173,215) NET CHANGE IN FUND BALANCE 8$ (19,221)$ - 19,221$ FUND BALANCE:

Beginning of year 441,523
End of year 441,523$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Capital Improvement Projects Capital Projects Fund
For the Year Ended June 30, 2023
129 197
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130 198
Public Art Fund -This fund accounts for the fees collected from new developments in-lieu of the developer placing an art piece. Funds will be used for the placement of public art.

SB 821 Fund -This fund accounts for revenue received from the State of California for the development of bicycle and pedestrian facilities.

Prop A Fund- This fund is used to record the City's portion of sales tax dedicated to transportation programs. These programs include the Dial-A-Taxi service for senior citizens and the handicapped, the trolley system, MTA bus fare discounts, and transit route projects/programs.

Safe Clean Water Fund- This fund accounts for funds received from the Los Angeles County Flood Control District for share of Measure W, the Safe, Clean Water Program. This fund is used to improve water quality to ensure safe and clean water.

Litter Abatement Fund -This fund accounts for environmental service fees and street sweeping charges for the City.

This revenue funds a portion of the cost for the Right of Way Division and Stormwater Division.

NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are used to account for taxes and other revenues set aside in accordance with the law or administrative regulations for a specific purpose.

Impact Fees Fund -This fund accounts for the fees collected from new developments, which will be used to construct public infrastructure.

Measure R Fund -These funds are used to account for revenues and monies spent on critical transit and highway projects.

Air Quality Improvement Fund -This fund accounts for AB 2766 revenues collected by the State of California on motor vehicle license registration fees. Revenues are used solely for the purpose of reducing air pollution from mobile sources.

State COPS Program Fund -This fund accounts for the California statewide sales and use tax allocated by the State for local public safety services.

Lighting Maintenance Fund -This is a special assessment fund whereby revenue is received from the County of Los Angeles for which an assessment has been charged against property owners' front footage. Monies in this fund are used to provide services such as tree maintenance, park maintenance, and capital improvements.

Nonmajor Special Revenue Funds:

HUD Home Program Fund -This fund accounts for revenue received from the U.S. Department of Housing and Urban Development and the State of California to provide financial assistance for affordable housing programs.

Prop C Fund - This fund accounts for City's portion of sales tax dedicated to transportation programs.

RMC Grant Fund -This fund accounts for grant received from the State of California, the San Gabriel and Lower LA Riverside and Mountains Conservancy for the improvement of water quality, supply and infrastructure.

Retirement Fund - This fund accounts for revenue received from property tax levy to cover retirement costs.

Gas Tax Fund -This fund accounts for Gas Tax revenue received from the State of California to cover costs of street maintenance and improvements.
131 199
LA County Park Maintenance Grant Fund -This fund accounts for grant funds allocated by the County of Los Angeles for park landscape and maintenance.

Used Oil Recycling Grant Fund -This fund accounts for grants received by the City of Lynwood from the California Integrated Waste Management Board to cover costs associated with local or regional used oil collection programs.

NONMAJOR GOVERNMENTAL FUNDS
Nonmajor Special Revenue Funds (Continued):

Housing Community Development (HUD) Fund -This fund accounts for revenue received from the Federal Government's Community Development Block Grant Program. The City utilizes this grant to provide community programs such as housing rehabilitation loans, code enforcement, and capital improvement projects.

Beverage Container Recycling Grant Fund -This fund accounts for grants received from the State of California for the purpose of implementing a Beverage Container Recycling Program.

Business Improvement District Fund -This fund accounts for special tax assessments imposed on businesses in the District to promote various activities within the District.

Measure M Fund -
improvement plan.

Cannabis Cultivation Fund -This fund accounts for required licenses, charges and zoning verification fee related to medical cannabis commercial facilities.

CalHome State Grant Fund -This fund accounts for grants received from California Department of Housing and Community development to assist Home program in the City.

Justice Assistance Fund -This fund accounts for the financial assistance received from the U.S. Department of Justice to be used for supporting a broad range of activities to prevent and control crime and to improve the criminal justice system.

Enterprise Zone Program Fund -This fund accounts for funds to be used for economic development and to promote job creation and significant private investment that will assist economically distressed areas of the City.

SB 1 Fund -This fund accounts for basic road maintenance, rehabilitation and critical safety needs on the local street and road system.

LEAP Grant -The State of California, Department of Housing and Community Development ("HCD") issued funds for LEAP Grant Programs to be used by a local government for the preparation and adoption of planning documents and process improvements that accelerate housing production and facilitate compliance with the sixth cycle of Regional Housing Need Assessment ("RHNA").

Transportation Fund -Accounts for revenue received from Dial-A-Taxi fares and Prop "A" and Prop "C" transfers to cover the costs of transportation programs such as Dial-A-Taxi and Transportation Administration.

HSIP Fund- This fund accounts for federal-aid program pass through State of California. This fund is used for traffic signal improvements at various City's street, such as Imperial Highway, Atlantic Avenue, Alameda Street, and Martin Luther King Boulevard.

Urban Greening Fund -This fund accounts for the grant awarded by the California Natural Resources Agency under the Urban Greening Grant Program. The funds will be used to fund the Lynwood Urban Bicycle Trail. 132 200
Nonmajor Debt Service Fund:

Debt Service Fund is used to account for the accumulation of resources for and the payment of the City's long-term debt, principal and interest.

City of Lynwood Debt Service Fund- This fund accounts for a debt service reserve held by a trustee as well as payment on all interest and principal on outstanding debt incurred by the City of Lynwood.

Measure R (Bans) Fund -This fund accounts for proceeds which are used to fund certain projects within the City (Street Improvements).
2012 Measure R Bond Proceeds Fund -Accounts for bond proceeds which are used to fund certain projects within the City (Street Improvements).
2017 Lease Revenue Bonds ("LRB")Fund -This fund accounts for bond proceeds which are used to fund 2019 public capital improvement project.

Capital Projects Funds are used to account for bond resources used for the acquisition and construction of capital facilities by the City, except those financed by Proprietary Funds.
2019 Lease Revenue Bonds ("LRB") Fund -accounts for bond proceeds which are used to fund certain park improvements projects of the city.

Nonmajor Capital Projects Funds:

NONMAJOR GOVERNMENTAL FUNDS
Capita Grant Fund -This Fund is to account for the grants awarded by the State of California-Natural Resources Agency, Department of Parks and Recreation for the renovation of the Natatorium Rehabilitation Project and the Skate Park and Pump Track.

DTSC-ECRG Grant Fund -This fund accounts for the reimbursable grant awarded by the Department of Toxic Substances Control Office (DTSC) of Brownfields Equitable Community Revitalization Grants (ECRG).

Nonmajor Special Revenue Funds (Continued):

MTA Exchange (STPL & HIP) Fund -This Fund is to account for the local return funds received as part of the agreement with LACMTA. The funds obtained through this exchange will be allocated for projects that are eligible under the Surface Transportation Program - Local (STP-L) and Highway Infrastructure Program (HIP) programs.

Measure M Bond Fund - accounts for bond proceeds which are used to fund certain transportation projects of the City. 2020 Lease Revenue Bonds ("LRB") Fund -accounts for bond proceeds which are used to provide funds to finance working capital for the city's General Fund or other purposes as determined by the City. 133 201
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134 202
HUD
Home Program Prop C
Fund Fund RMC Grant Retirement Gas Tax
ASSETS
Cash and investments 186,440 $ 2,799,173$ 326,427 $ 2,115,176$ 1,110,705$ Receivables:

Accounts and taxes, net - - 401,194 - - Interest - 3,248 - - 1,308 Intergovernmental 23,118 - 2,161,398 99,895 150,405 Notes and loans 2,657,557 - - - - Restricted assets:

Cash and investments with fiscal agents - - - - - Land held for resale 497,694 - - - - Total assets 3,364,809$ 2,802,421$ 2,889,019$ 2,215,071$ 1,262,418$ Liabilities:

Accounts payable 36,715 $ - $ -$ -$ 419,465$ Payroll liabilities 73 114 - - 5,633 Deposits - - - - - Due to other funds - - 2,889,019 - - Total liabilities 36,788 114 2,889,019 - 425,098 Deferred Inflows of Resources:

Unavailable revenues 23,118 - 2,161,398 - - Total deferred inflows of resources 23,118 - 2,161,398 - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works - 2,802,307 - - 837,320 Community development 3,304,903 - - - - Retirement - - - 2,215,071 - Capital projects - - - - - Debt service - - - - - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) - - (2,161,398) - - Total fund balances (deficit) 3,304,903 2,802,307 (2,161,398) 2,215,071 837,320 Total liabilities, deferred inflows of
resources and fund balances 3,364,809$ 2,802,421$ 2,889,019$ 2,215,071$ 1,262,418$ (Continued)
City of Lynwood
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Special Revenue Funds

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
135 203
Air State
Quality COPS
SB 821 Prop A Measure R Improvement Program
ASSETS
Cash and investments - $ 4,330,800$ 896,958 $ 453,362$ 432,666$ Receivables:

Accounts and taxes, net - - - 45,031 - Interest - 4,121 1,196 360 343 Intergovernmental 200,995 - - - - Notes and loans - - - - - Restricted assets:

Cash and investments with fiscal agents - - - - - Land held for resale - - - - - Total assets 200,995$ 4,334,921$ 898,154 $ 498,753$ 433,009$ Liabilities:

Accounts payable - $ -$ 1,525$ - $ -$ Payroll liabilities - 1,028 10,157 - - Deposits - - - - - Due to other funds 200,995 - - - - Total liabilities 200,995 1,028 11,682 - - Deferred Inflows of Resources:

Unavailable revenues 200,995 - - - - Total deferred inflows of resources 200,995 - - - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - 433,009 Public works - 4,333,893 886,472 498,753 - Community development - - - - - Retirement - - - - - Capital projects - - - - - Debt service - - - - - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) (200,995) - - - - Total fund balances (deficit) (200,995) 4,333,893 886,472 498,753 433,009 Total liabilities, deferred inflows of
resources and fund balances 200,995$ 4,334,921$ 898,154 $ 498,753$ 433,009$ (Continued)
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2023
Special Revenue Funds

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
136 204
Lighting Safe Clean Impact Public Litter
Maintenance Water Fees Art Abatement
ASSETS
Cash and investments 1,270,726 $ 2,403,735$ 2,497,575$ 1,366,306$ 74,731 $ Receivables:

Accounts and taxes, net 1,500 - - - 85,444 Interest 1,023 - 1,969 1,073 - Intergovernmental 19,036 - - - - Notes and loans - - - - - Restricted assets:

Cash and investments with fiscal agents - - - - - Land held for resale - - - - - Total assets 1,292,285$ 2,403,735$ 2,499,544$ 1,367,379$ 160,175 $ Liabilities:

Accounts payable 39,299 $ 41,195$ - $ -$ 31,253$ Payroll liabilities 3,897 596 - - 6,306 Deposits - - - - - Due to other funds - - - - - Total liabilities 43,196 41,791 - - 37,559 Deferred Inflows of Resources:

Unavailable revenues 500 - - - - Total deferred inflows of resources 500 - - - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works 1,248,589 2,361,944 - - 122,616 Community development - - - 1,367,379 - Retirement - - - - - Capital projects - - 2,499,544 - - Debt service - - - - - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) - - - - - Total fund balances (deficit) 1,248,589 2,361,944 2,499,544 1,367,379 122,616 Total liabilities, deferred inflows of
resources and fund balances 1,292,285$ 2,403,735$ 2,499,544$ 1,367,379$ 160,175 $ (Continued)
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2023
Special Revenue Funds

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
137 205
Housing Beverage LA County
Community Business Container Park Used Oil
Development Improvement Recycling Maintenance Recycling (HUD) District Grant Grant Grant
ASSETS
Cash and investments - $ 291,357$ 195,231$ 35,914$ 10,420$ Receivables:

Accounts and taxes, net - 367 - - - Interest - 243 155 28 - Intergovernmental 127,763 - - - - Notes and loans 539,478 - - - - Restricted assets:

Cash and investments with fiscal agents - - - - - Land held for resale - - - - - Total assets 667,241$ 291,967$ 195,386$ 35,942$ 10,420$ Liabilities:

Accounts payable 8,359 $ 6,740$ - $ -$ 11,145$ Payroll liabilities 10,696 - - - - Deposits - - - - - Due to other funds 508,355 - - - 4,282 Total liabilities 527,410 6,740 - - 15,427 Deferred Inflows of Resources:

Unavailable revenues 127,763 - - - - Total deferred inflows of resources 127,763 - - - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works - - - 35,942 - Community development 12,068 285,227 195,386 - - Retirement - - - - - Capital projects - - - - - Debt service - - - - - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) - - - - (5,007) Total fund balances (deficit) 12,068 285,227 195,386 35,942 (5,007) Total liabilities, deferred inflows of
resources and fund balances 667,241$ 291,967$ 195,386$ 35,942$ 10,420$ (Continued)
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2023
Special Revenue Funds

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
138 206
Enterprise CalHome
Justice Zone State Cannabis
Assistance Program Grant Cultivation Measure M
ASSETS
Cash and investments - $ 173,324$ 4,552 $ 1,328,933$ 1,333,219$ Receivables:

Accounts and taxes, net - - - - - Interest - 137 - - 1,034 Intergovernmental 30,997 - - - - Notes and loans - - - - - Restricted assets:

Cash and investments with fiscal agents - - - - - Land held for resale - - - - - Total assets 30,997$ 173,461$ 4,552 $ 1,328,933$ 1,334,253$ Liabilities:

Accounts payable - $ -$ -$ 205,265$ - $ Payroll liabilities - - - - 220 Deposits - - - 345,000 - Due to other funds 30,997 - - - - Total liabilities 30,997 - - 550,265 220 Deferred Inflows of Resources:

Unavailable revenues 30,997 - - - - Total deferred inflows of resources 30,997 - - - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works - - - - 1,334,033 Community development - 173,461 4,552 - - Retirement - - - - - Capital projects - - - - - Debt service - - - - - Committed for:

Cannabis cultivation - - - 778,668 - Unassigned (deficit) (30,997) - - - - Total fund balances (deficit) (30,997) 173,461 4,552 778,668 1,334,033 Total liabilities, deferred inflows of
resources and fund balances 30,997$ 173,461$ 4,552 $ 1,328,933$ 1,334,253$ (Continued)
June 30, 2023
City of Lynwood
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Special Revenue Funds
139 207
HSIP LEAP Urban
SB1 Fund Grant Transportation Greening
ASSETS
Cash and investments 831,243 $ 7,377 $ - $ 224,165$ - $ Receivables:

Accounts and taxes, net - - 157,003 - - Interest 997 - - - - Intergovernmental 268,176 230,250 15,000 - 2,756,436 Notes and loans - - - - - Restricted assets:

Cash and investments with fiscal agents - - - - - Land held for resale - - - - - Total assets 1,100,416$ 237,627 $ 172,003$ 224,165$ 2,756,436$ Liabilities:

Accounts payable 13,773 $ - $ 3,675$ 219,664$ - $ Payroll liabilities 10,612 - - 397 - Deposits - - - - - Due to other funds - 237,627 168,328 - 2,756,436 Total liabilities 24,385 237,627 172,003 220,061 2,756,436 Deferred Inflows of Resources:

Unavailable revenues - 230,250 15,000 666 2,756,436 Total deferred inflows of resources - 230,250 15,000 666 2,756,436 Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works 1,076,031 - - 3,438 - Community development - - - - - Retirement - - - - - Capital projects - - - - - Debt service - - - - - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) - (230,250) (15,000) - (2,756,436) Total fund balances (deficit) 1,076,031 (230,250) (15,000) 3,438 (2,756,436) Total liabilities, deferred inflows of
resources and fund balances 1,100,416$ 237,627 $ 172,003$ 224,165$ 2,756,436$ (Continued)

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Special Revenue Funds
June 30, 2023
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
140 208
MTA Exchange Capita DTSC-ECRG Measure M 2019
(STPL & HIP) Grant Grant Bonds LRB Capital
ASSETS
Cash and investments - $ -$ 8,662$ - $ -$ Receivables:

Accounts and taxes, net - - 438,446 - - Interest - - - - - Intergovernmental - 52,295 292,575 - - Notes and loans - - - - - Restricted assets:

Cash and investments with fiscal agents - - - 4,681,419 13,119,983 Land held for resale - - - - - Total assets -$ 52,295$ 739,683$ 4,681,419$ 13,119,983$ Liabilities:

Accounts payable - $ -$ 727,140$ - $ -$ Payroll liabilities - - - - - Deposits - - - - - Due to other funds - 52,295 12,544 2,050,389 2,003,979 Total liabilities - 52,295 739,684 2,050,389 2,003,979 Deferred Inflows of Resources:

Unavailable revenues - 52,295 292,575 - - Total deferred inflows of resources - 52,295 292,575 - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works - - - - - Community development - - - - - Retirement - - - - - Capital projects - - - 2,630,525 11,116,004 Debt service - - - 505 - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) - (52,295) (292,576) - - Total fund balances (deficit) - (52,295) (292,576) 2,631,030 11,116,004 Total liabilities, deferred inflows of
resources and fund balances -$ 52,295$ 739,683$ 4,681,419$ 13,119,983$ (Continued)

RESOURCES AND FUND BALANCES

LIABILITIES, DEFERRED INFLOWS OF
Capital Projects FundsSpecial Revenue Funds
June 30, 2023
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
141 209
Debt Service
Fund
2012 Measure R
2020 Measure R Bond 2017 City of
LRB (Bans) Proceeds LRB Lynwood
ASSETS
Cash and investments - $ -$ -$ 2,301,938$ - $ Receivables:

Accounts and taxes, net - - - - - Interest - - - - - Intergovernmental - - - - - Notes and loans - - - - - Restricted assets:

Cash and investments with fiscal agents 13,201,768 344,425 429,396 - - Land held for resale - - - - - Total assets 13,201,768$ 344,425 $ 429,396$ 2,301,938$ - $ Liabilities:

Accounts payable - $ -$ -$ -$ -$ Payroll liabilities - - - - - Deposits - - - - - Due to other funds - 341,582 15,323 - - Total liabilities - 341,582 15,323 - - Deferred Inflows of Resources:

Unavailable revenues - - - - - Total deferred inflows of resources - - - - - Fund Balances (Deficit):

Restricted for:

Public safety - - - - - Public works - - - - - Community development - - - - - Retirement - - - - - Capital projects 12,144,946 - 15,764 - - Debt service 1,056,822 2,843 398,309 2,301,938 - Committed for:

Cannabis cultivation - - - - - Unassigned (deficit) - - - - - Total fund balances (deficit) 13,201,768 2,843 414,073 2,301,938 - Total liabilities, deferred inflows of
resources and fund balances 13,201,768$ 344,425 $ 429,396$ 2,301,938$ - $ (Continued)

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Capital Projects Funds
June 30, 2023
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
142 210
Total
Nonmajor
Governmental
Funds
ASSETS
Cash and investments 27,011,115 $
Receivables:

Accounts and taxes, net 1,128,985
Interest 17,235
Intergovernmental 6,428,339
Notes and loans 3,197,035
Restricted assets:

Cash and investments with fiscal agents 31,776,991
Land held for resale 497,694
Total assets 70,057,394$
Liabilities:

Accounts payable 1,765,213 $
Payroll liabilities 49,729
Deposits 345,000
Due to other funds 11,272,151
Total liabilities 13,432,093
Deferred Inflows of Resources:

Unavailable revenues 5,891,993
Total deferred inflows of resources 5,891,993
Fund Balances (Deficit):

Restricted for:

Public safety 433,009
Public works 15,541,338
Community development 5,342,976
Retirement 2,215,071
Capital projects 28,406,783
Debt service 3,760,417
Committed for:

Cannabis cultivation 778,668
Unassigned (deficit) (5,744,954)
Total fund balances (deficit) 50,733,308
Total liabilities, deferred inflows of
resources and fund balances 70,057,394$
(Concluded)

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
City of Lynwood
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2023
143 211
HUD
Home Program Prop C
Fund Fund RMC Grant Retirement Gas Tax
REVENUES:

Taxes and assessments - $ 1,523,552$ - $ 6,055,517$ - $ Licenses and permits - - - - - Use of money and property - 4,076 - - (84) Intergovernmental 14,611 - - - 1,717,628 Charges for services - - - - - Miscellaneous 123,625 - 727,621 37,900 - Total revenues 138,236 1,527,628 727,621 6,093,417 1,717,544 EXPENDITURES:

Current:

General government - - - 1,470,905 - Public safety - - - 983,138 - Public works - 88,396 - 1,860,296 1,214,657 Community development 102,967 - - 958,171 - Parks and recreation - - - 459,435 - Capital outlay - - - - 279,351 Debt service:

Principal payment - - - - 2,507 Interest and fiscal charges - - - - - Total expenditures 102,967 88,396 - 5,731,945 1,496,515

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 35,269 1,439,232 727,621 361,472 221,029 OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - - - Transfers out - (421,469) (2,381,041) - - Total other financing sources (uses) - (421,469) (2,381,041) - - NET CHANGE IN FUND BALANCES35,269 1,017,763 (1,653,420) 361,472 221,029 FUND BALANCES (DEFICIT):

Beginning of year 3,269,634 1,784,544 (507,978) 1,853,599 616,291 End of year 3,304,903$ 2,802,307$ (2,161,398)$ 2,215,071$ 837,320 $ (Continued)
Special Revenue Funds
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023
144 212
Air State
Quality COPS
SB 821 Prop A Measure R Improvement Program
REVENUES:

Taxes and assessments - $ 1,836,774$ 1,142,335$ - $ -$ Licenses and permits - - - - - Use of money and property 12 29,352 22,505 2,070 1,925 Intergovernmental - - - 107,246 172,928 Charges for services - - - - - Miscellaneous - - - - - Total revenues 12 1,866,126 1,164,840 109,316 174,853 EXPENDITURES:

Current:

General government - - - - - Public safety - - - - 100,000 Public works - 66,094 490,142 4,693 - Community development - - - - - Parks and recreation - 11,932 - - - Capital outlay - 72,073 - - - Debt service:

Principal payment - - 320,000 8,699 - Interest and fiscal charges - - 236,303 - - Total expenditures - 150,099 1,046,445 13,392 100,000

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 12 1,716,027 118,395 95,924 74,853 OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - - - Transfers out (202,067) (1,503,320) (792,820) - - Total other financing sources (uses) (202,067) (1,503,320) (792,820) - - NET CHANGE IN FUND BALANCES(202,055) 212,707 (674,425) 95,924 74,853 FUND BALANCES (DEFICIT):

Beginning of year 1,060 4,121,186 1,560,897 402,829 358,156 End of year (200,995)$ 4,333,893$ 886,472 $ 498,753$ 433,009$ (Continued)
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2023
Special Revenue Funds
City of Lynwood
145 213
Lighting Safe Clean Impact Public Litter
Maintenance Water Fees Art Abatement
REVENUES:

Taxes and assessments 1,039,381 $ - $ 311,154$ - $ -$ Licenses and permits - - - - - Use of money and property 11,319 - 11,205 5,949 223 Intergovernmental - 584,469 - - - Charges for services - - - 186,507 289,663 Miscellaneous 20,754 - - - - Total revenues 1,071,454 584,469 322,359 192,456 289,886 EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works 997,070 223,603 - - 803,581 Community development - - - - - Parks and recreation - - - - - Capital outlay 23,004 - - - - Debt service:

Principal payment - - - - - Interest and fiscal charges - - - - - Total expenditures 1,020,074 223,603 - - 803,581

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 51,380 360,866 322,359 192,456 (513,695) OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - - 410,484 Transfers out - (277,121) (3,190) (5,000) - Total other financing sources (uses) - (277,121) (3,190) (5,000) 410,484 NET CHANGE IN FUND BALANCES51,380 83,745 319,169 187,456 (103,211) FUND BALANCES (DEFICIT):

Beginning of year 1,197,209 2,278,199 2,180,375 1,179,923 225,827 End of year 1,248,589$ 2,361,944$ 2,499,544$ 1,367,379$ 122,616 $ (Continued)
Special Revenue Funds
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2023
146 214
Housing Beverage LA County
Community Business Container Park Used Oil
Development Improvement Recycling Maintenance Recycling (HUD) District Grant Grant Grant
REVENUES:

Taxes and assessments - $ -$ -$ -$ -$ Licenses and permits - 106,025 - - - Use of money and property 16,798 2,549 1,358 208 40 Intergovernmental 941,867 - - - 10,420 Charges for services - - - - - Miscellaneous 20,000 - 341,959 - - Total revenues 978,665 108,574 343,317 208 10,460 EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works 323,580 - - - 11,473 Community development 131,332 135,045 1,589 - - Parks and recreation 29,485 - - - - Capital outlay - - - - - Debt service:

Principal payment - - 357,503 - - Interest and fiscal charges - - 142 - - Total expenditures 484,397 135,045 359,234 - 11,473

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 494,268 (26,471) (15,917) 208 (1,013) OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - - - Transfers out (391,667) - - - - Total other financing sources (uses) (391,667) - - - - NET CHANGE IN FUND BALANCES102,601 (26,471) (15,917) 208 (1,013) FUND BALANCES (DEFICIT):

Beginning of year (90,533) 311,698 211,303 35,734 (3,994) End of year 12,068$ 285,227$ 195,386$ 35,942$ (5,007)$ (Continued)
Special Revenue Funds
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2023
147 215
Enterprise CalHome
Justice Zone State Cannabis
Assistance Program Grant Cultivation Measure M
REVENUES:

Taxes and assessments - $ -$ -$ -$ 1,292,225$ Licenses and permits - - - 10,000 - Use of money and property - 1,015 - - 1,402 Intergovernmental - - - - - Charges for services - - - 269,334 - Miscellaneous - - - - - Total revenues - 1,015 - 279,334 1,293,627 EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works - - - 292,195 17,484 Community development - - - - - Parks and recreation - - - - - Capital outlay - - - - - Debt service:

Principal payment - - - - 115,000 Interest and fiscal charges - - - - 547,434 Total expenditures - - - 292,195 679,918

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES - 1,015 - (12,861) 613,709 OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - - - Transfers out - - - - (9,455) Total other financing sources (uses) - - - - (9,455) NET CHANGE IN FUND BALANCES - 1,015 - (12,861) 604,254 FUND BALANCES (DEFICIT):

Beginning of year (30,997) 172,446 4,552 791,529 729,779 End of year (30,997)$ 173,461$ 4,552 $ 778,668$ 1,334,033$ (Continued)
Nonmajor Governmental Funds
For the Year Ended June 30, 2023
Special Revenue Funds
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) 148 216
HSIP LEAP Urban
SB1 Fund Grant Transportation Greening
REVENUES:

Taxes and assessments - $ -$ -$ -$ -$ Licenses and permits - - - - - Use of money and property 10,674 - - - - Intergovernmental 1,530,423 7,377 157,003 - 1,156,631 Charges for services - - - 1,348 - Miscellaneous - - - - - Total revenues 1,541,097 7,377 157,003 1,348 1,156,631 EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works 580,690 - - 1,503,319 - Community development - - 15,000 - - Parks and recreation - - - - - Capital outlay - - - - - Debt service:

Principal payment - - - - - Interest and fiscal charges - - - - - Total expenditures 580,690 - 15,000 1,503,319 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 960,407 7,377 142,003 (1,501,971) 1,156,631 OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - 1,503,320 - Transfers out (783,730) (249,985) (157,003) - (2,792,950) Total other financing sources (uses) (783,730) (249,985) (157,003) 1,503,320 (2,792,950) NET CHANGE IN FUND BALANCES176,677 (242,608) (15,000) 1,349 (1,636,319) FUND BALANCES (DEFICIT):

Beginning of year 899,354 12,358 - 2,089 (1,120,117) End of year 1,076,031$ (230,250)$ (15,000)$ 3,438 $ (2,756,436)$ (Continued)
Special Revenue Funds
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2023
149 217
MTA Exchange Capita DTSC-ECRG Measure M 2019
(STPL & HIP) Grant Grant Bonds LRB
REVENUES:

Taxes and assessments - $ -$ -$ -$ -$ Licenses and permits - - - - - Use of money and property - - - 142,682 657 Intergovernmental 1,134,499 - 1,462,937 - - Charges for services - - - - - Miscellaneous - - - - - Total revenues 1,134,499 - 1,462,937 142,682 657 EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works - - - - - Community development - - 1,755,513 - - Parks and recreation - - - - - Capital outlay - - - - - Debt service:

Principal payment - - - - - Interest and fiscal charges - - - 265 - Total expenditures - - 1,755,513 265 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,134,499 - (292,576) 142,417 657 OTHER FINANCING SOURCES (USES):

Issuance of debt - - - - - Transfers in - - - - - Transfers out (1,134,499) (52,295) - (2,005,242) (1,338,830) Total other financing sources (uses) (1,134,499) (52,295) - (2,005,242) (1,338,830) NET CHANGE IN FUND BALANCES - (52,295) (292,576) (1,862,825) (1,338,173) FUND BALANCES (DEFICIT):

Beginning of year - - - 4,493,855 12,454,177 End of year -$ (52,295)$ (292,576)$ 2,631,030$ 11,116,004$ (Continued)
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
Capital Projects FundsSpecial Revenue Funds
For the Year Ended June 30, 2023
150 218
Debt Service Fund
2012 Measure R
2020 Measure R Bond 2017 City of
LRB (Bans) Proceeds LRB Lynwood
REVENUES:

Taxes and assessments - $ -$ -$ -$ -$ Licenses and permits - - - - - Use of money and property 607 10,833 13,061 - - Intergovernmental - - - - - Charges for services - - - - - Miscellaneous - - - - - Total revenues 607 10,833 13,061 - - EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works - - - - - Community development - - - - - Parks and recreation - - - - - Capital outlay - - - - - Debt service:

Principal payment - - - - 653,469 Interest and fiscal charges - 8,127 - - 1,372,796 Total expenditures - 8,127 - - 2,026,265

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 607 2,706 13,061 - (2,026,265) OTHER FINANCING SOURCES (USES):

Issuance of debt - - - 126,791 - Transfers in - - - - 2,026,265 Transfers out - - - (172,484) - Total other financing sources (uses) - - - (45,693) 2,026,265 NET CHANGE IN FUND BALANCES 607 2,706 13,061 (45,693) - FUND BALANCES (DEFICIT):

Beginning of year 13,201,161 137 401,012 2,347,631 - End of year 13,201,768$ 2,843 $ 414,073$ 2,301,938$ - $ (Continued)
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2023
Capital Projects Funds
151 219
d
Total
Nonmajor
Governmental
Funds
REVENUES:

Taxes and assessments 13,200,938 $
Licenses and permits 116,025
Use of money and property 290,436
Intergovernmental 8,998,039
Charges for services 746,852
Miscellaneous 1,271,859
Total revenues 24,624,149
EXPENDITURES:

Current:

General government 1,470,905
Public safety 1,083,138
Public works 8,477,273
Community development 3,099,617
Parks and recreation 500,852
Capital outlay 374,428
Debt service:

Principal payment 1,457,178
Interest and fiscal charges 2,165,067
Total expenditures 18,628,458

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 5,995,691
OTHER FINANCING SOURCES (USES):

Issuance of debt 126,791
Transfers in 3,940,069
Transfers out (14,674,168)
Total other financing sources (uses) (10,607,308)
NET CHANGE IN FUND BALANCES (4,611,617)
FUND BALANCES (DEFICIT):

Beginning of year 55,344,925
End of year 50,733,308$
(Concluded)
For the Year Ended June 30, 2023
City of Lynwood
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
152 220
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental revenues 959,182 $ 959,182$ 14,611 $ (944,571)$ Miscellaneous - - 123,625 123,625 Total revenues 959,182 959,182 138,236 (820,946) EXPENDITURES:

Current:

Community development 1,782,460 1,782,460 102,967 1,679,493 Total expenditures 1,782,460 1,782,460 102,967 1,679,493

EXCESS OF REVENUES OVER
EXPENDITURES (823,278) (823,278) 35,269 858,547 OTHER FINANCING USES:

Transfers out (81,000) (81,000) - 81,000 Total other financing uses (81,000) (81,000) - 81,000 NET CHANGE IN FUND BALANCE (904,278)$ (904,278)$ 35,269 939,547$ FUND BALANCE:

Beginning of Year 3,269,634
End of Year 3,304,903 $
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual HUD Home Program Special Revenue Fund
For the Year Ended June 30, 2023
153 221
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 1,414,126 $ 1,414,126$ 1,523,552$ 109,426 $ Use of money and property 37,117 37,117 4,076 (33,041) Total revenues 1,451,243 1,451,243 1,527,628 76,385 EXPENDITURES:

Current:

Public works 140,869 141,869 88,396 53,473 Total expenditures 140,869 141,869 88,396 53,473

EXCESS OF REVENUES OVER
EXPENDITURES 1,310,374 1,309,374 1,439,232 129,858 OTHER FINANCING USES:

Transfers out (2,947,883) (3,095,763) (421,469) 2,674,294 Total other financing uses (2,947,883) (3,095,763) (421,469) 2,674,294 NET CHANGE IN FUND BALANCE (1,637,509)$ (1,786,389)$ 1,017,763 2,804,152$ FUND BALANCE:

Beginning of Year 1,784,544
End of Year 2,802,307 $
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Prop C Special Revenue Fund
For the Year Ended June 30, 2023
154 222
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Miscellaneous 2,381,041 $ 2,381,041$ 727,621 $ (1,653,420)$ Total revenues 2,381,041 2,381,041 727,621 (1,653,420) OTHER FINANCING USES:

Transfers out (2,381,041) (2,381,041) (2,381,041) - Total other financing uses (2,381,041) (2,381,041) (2,381,041) - NET CHANGE IN FUND BALANCE -$ -$ (1,653,420) (1,653,420)$ FUND BALANCE (DEFICIT):

Beginning of year (507,978)
End of year (2,161,398)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual RMC Grant Special Revenue Fund
For the Year Ended June 30, 2023
155 223
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 4,618,326 $ 4,618,326$ 6,055,517$ 1,437,191$ Miscellaneous - - 37,900 37,900 Total revenues 4,618,326 4,618,326 6,093,417 1,475,091 EXPENDITURES:

Current:

General government 872,094 897,094 1,470,905 (573,811) Public safety 759,000 759,000 983,138 (224,138) Public works 1,454,327 1,454,327 1,860,296 (405,969) Community development 749,071 749,071 958,171 (209,100) Parks and recreation 359,173 359,173 459,435 (100,262) Total expenditures 4,193,665 4,218,665 5,731,945 (1,513,280)

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES 424,661 399,661 361,472 (38,189) OTHER FINANCING USES:

Transfers out (1,177,623) (1,177,623) - 1,177,623 Total other financing uses (1,177,623) (1,177,623) - 1,177,623 NET CHANGE IN FUND BALANCE (752,962)$ (777,962)$ 361,472 1,139,434$ FUND BALANCE:

Beginning of year 1,853,599
End of year 2,215,071$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Retirement Special Revenue Fund
For the Year Ended June 30, 2023
156 224
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 9,737 $ 9,737$ (84) $ (9,821)$ Intergovernmental 2,018,261 2,018,261 1,717,628 (300,633) Total revenues 2,027,998 2,027,998 1,717,544 (310,454) EXPENDITURES:

Current:

Public works 1,962,267 1,997,842 1,214,657 783,185 Capital outlay 564,000 564,000 279,351 284,649 Debt service:

Principal payment 2,507 2,507 2,507 - Total expenditures 2,528,774 2,564,349 1,496,515 1,067,834 NET CHANGE IN FUND BALANCE (500,776)$ (536,351)$ 221,029 757,380$ FUND BALANCE:

Beginning of year 616,291
End of year 837,320$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Gas Tax Special Revenue Fund
For the Year Ended June 30, 2023
157 225
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 5 $ 5$ 12$ 7 $ Intergovernmental 202,067 202,067 - (202,067) Total revenues 202,072 202,072 12 (202,060) OTHER FINANCING USES:

Transfers out (202,067) (202,067) (202,067) - Total other financing uses (202,067) (202,067) (202,067) - NET CHANGE IN FUND BALANCE 5$ 5$ (202,055) (202,060)$ FUND BALANCE (DEFICIT):

Beginning of year 1,060
End of year (200,995)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual SB 821 Special Revenue Fund
For the Year Ended June 30, 2023
158 226
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 1,862,400 $ 1,862,400$ 1,836,774$ (25,626) $ Use of money and property 58,993 58,993 29,352 (29,641) Total revenues 1,921,393 1,921,393 1,866,126 (55,267) EXPENDITURES:

Current:

Public works 91,991 91,991 66,094 25,897 Parks and recreation - - 11,932 (11,932) Capital outlay 102,073 102,073 72,073 30,000 Total expenditures 194,064 194,064 150,099 43,965

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES 1,727,329 1,727,329 1,716,027 (11,302) OTHER FINANCING USES:

Transfers out (2,989,871) (2,989,871) (1,503,320) 1,486,551 Total other financing uses (2,989,871) (2,989,871) (1,503,320) 1,486,551 NET CHANGE IN FUND BALANCE (1,262,542)$ (1,262,542)$ 212,707 1,475,249$ FUND BALANCE:

Beginning of year 4,121,186
End of year 4,333,893$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Prop A Special Revenue Fund
For the Year Ended June 30, 2023
159 227
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 1,060,595 $ 1,060,595$ 1,142,335$ 81,740 $ Use of money and property 23,888 23,888 22,505 (1,383) Total revenues 1,084,483 1,084,483 1,164,840 80,357 EXPENDITURES:

Current:

Public works 552,731 564,481 490,142 74,339 Debt service:

Principal payment 320,000 320,000 320,000 - Interest and fiscal charges 239,282 239,282 236,303 2,979 Total expenditures 1,112,013 1,123,763 1,046,445 77,318

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES (27,530) (39,280) 118,395 157,675 OTHER FINANCING USES:

Transfers out (1,138,984) (3,765,521) (792,820) 2,972,701 Total other financing uses (1,138,984) (3,765,521) (792,820) 2,972,701 NET CHANGE IN FUND BALANCE (1,166,514)$ (3,804,801)$ (674,425) 3,130,376$ FUND BALANCE:

Beginning of year 1,560,897
End of year 886,472$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Measure R Special Revenue Fund
For the Year Ended June 30, 2023
160 228
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 2,795 $ 2,795$ 2,070$ (725)$ Intergovernmental 80,028 80,028 107,246 27,218 Total revenues 82,823 82,823 109,316 26,493 EXPENDITURES:

Current:

Public works 8,000 8,000 4,693 3,307
Capital outlay 25,000 25,000 - 25,000 Debt service:

Principal payment 500,000 500,000 8,699 491,301 Total expenditures 533,000 533,000 13,392 519,608 NET CHANGE IN FUND BALANCE (450,177)$ (450,177)$ 95,924 546,101$ FUND BALANCE:

Beginning of year 402,829
End of year 498,753$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Air Quality Improvement Special Revenue Fund
For the Year Ended June 30, 2023
161 229
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 3,009 $ 3,009$ 1,925$ (1,084)$ Intergovernmental 100,000 100,000 172,928 72,928 Total revenues 103,009 103,009 174,853 71,844 EXPENDITURES:

Current:

Public safety 100,000 100,000 100,000 - Total expenditures 100,000 100,000 100,000 - NET CHANGE IN FUND BALANCE 3,009$ 3,009$ 74,853 71,844$ FUND BALANCE:

Beginning of year 358,156
End of year 433,009$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual State COPS Program Special Revenue Fund
For the Year Ended June 30, 2023
162 230
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 1,068,529 $ 1,068,529$ 1,039,381$ (29,148) $ Use of money and property 10,000 10,000 11,319 1,319 Miscellaneous - - 20,754 20,754 Total revenues 1,078,529 1,078,529 1,071,454 (7,075) EXPENDITURES:

Current:

Public works 1,007,348 1,009,848 997,070 12,778 Capital outlay 30,000 42,500 23,004 19,496 Total expenditures 1,037,348 1,052,348 1,020,074 32,274 NET CHANGE IN FUND BALANCE 41,181$ 26,181$ 51,380 25,199$ FUND BALANCE:

Beginning of year 1,197,209
End of year 1,248,589$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Lighting Maintenance Special Revenue Fund
For the Year Ended June 30, 2023
163 231
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental revenues 580,000 $ 580,000$ 584,469$ 4,469 $ Total revenues 580,000 580,000 584,469 4,469 EXPENDITURES:

Current:

Public works 576,704 586,704 223,603 363,101 Total expenditures 576,704 586,704 223,603 363,101

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES 3,296 (6,704) 360,866 367,570 OTHER FINANCING USES:

Transfers out (2,117,459) (2,117,459) (277,121) 1,840,338 Total other financing uses (2,117,459) (2,117,459) (277,121) 1,840,338 NET CHANGE IN FUND BALANCE (2,114,163)$ (2,124,163)$ 83,745 2,207,908$ FUND BALANCE:

Beginning of year 2,278,199
End of year 2,361,944$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Safe Clean Water Special Revenue Fund
For the Year Ended June 30, 2023
164 232
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 48,500 $ 48,500$ 311,154$ 262,654$ Use of money and property 12,846 12,846 11,205 (1,641) Total revenues 61,346 61,346 322,359 261,013 OTHER FINANCING USES:

Transfers out (139,132) (139,132) (3,190) 135,942 Total other financing uses (139,132) (139,132) (3,190) 135,942 NET CHANGE IN FUND BALANCE (77,786)$ (77,786)$ 319,169 396,955$ FUND BALANCE:

Beginning of year 2,180,375
End of year 2,499,544$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Impact Fees Special Revenue Fund
For the Year Ended June 30, 2023
165 233
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 6,202 $ 6,202$ 5,949$ (253)$ Charges for services 36,000 36,000 186,507 150,507 Total revenues 42,202 42,202 192,456 150,254 OTHER FINANCING (USES):

Transfers out (5,000) (5,000) (5,000) - Total other financing (uses) (5,000) (5,000) (5,000) - NET CHANGE IN FUND BALANCE 37,202$ 37,202$ 187,456 150,254$ FUND BALANCE:

Beginning of year 1,179,923
End of year 1,367,379$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Public Art Special Revenue Fund
For the Year Ended June 30, 2023
166 234
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 81 $ 81$ 223$ 142$ Charges for services 379,000 379,000 289,663 (89,337) Total revenues 379,081 379,081 289,886 (89,195) EXPENDITURES:

Current:

Public works 1,057,091 1,057,091 803,581 253,510 Total expenditures 1,057,091 1,057,091 803,581 253,510

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES (678,010) (678,010) (513,695) 164,315 OTHER FINANCING SOURCES:

Transfers in 410,484 410,484 410,484 - Total other financing sources 410,484 410,484 410,484 - NET CHANGE IN FUND BALANCE (267,526)$ (267,526)$ (103,211) 164,315 $ FUND BALANCE:

Beginning of year 225,827
End of year 122,616$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Litter Abatement Special Revenue Fund
For the Year Ended June 30, 2023
167 235
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:
-$ -$ 16,798$ 16,798$ Intergovernmental 1,158,831 1,236,926 941,867 (295,059) Miscellaneous - - 20,000 20,000 Total revenues 1,158,831 1,236,926 978,665 (258,261) EXPENDITURES:

Current:

Public works 724,858 724,858 323,580 401,278 Community development 339,676 417,771 131,332 286,439 Parks and recreation 30,412 30,412 29,485 927 Total expenditures 1,094,946 1,173,041 484,397 688,644

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES 63,885 63,885 494,268 430,383 OTHER FINANCING USES:

Transfers out (391,667) (391,667) (391,667) - Total other financing uses (391,667) (391,667) (391,667) - NET CHANGE IN FUND BALANCE (327,782)$ (327,782)$ 102,601 430,383$ FUND BALANCE (DEFICIT):

Beginning of year (90,533)
End of year 12,068$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Housing Community Development (HUD) Special Revenue Fund For the Year Ended June 30, 2023
168 236
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Licenses and permits 125,000 $ 125,000$ 106,025$ (18,975)$ Use of money and property 4,006 4,006 2,549 (1,457) Total revenues 129,006 129,006 108,574 (20,432) EXPENDITURES:

Current:

Community development 180,300 180,300 135,045 45,255 Total expenditures 180,300 180,300 135,045 45,255 NET CHANGE IN FUND BALANCE (51,294)$ (51,294)$ (26,471) 24,823 $ FUND BALANCE:

Beginning of year 311,698
End of year 285,227$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Business Improvement District Special Revenue Fund
For the Year Ended June 30, 2023
169 237
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 2,923 $ 2,923$ 1,358$ (1,565)$ Intergovernmental 36,150 36,150 - (36,150) Miscellaneous - - 341,959 341,959 Total revenues 39,073 39,073 343,317 304,244 EXPENDITURES:

Current:

Community development 18,900 18,900 1,589 17,311 Debt service:

Principal payment - - 357,503 (357,503) Interest and fiscal charges - - 142 (142) Total expenditures 18,900 18,900 359,234 (340,334) NET CHANGE IN FUND BALANCE 20,173$ 20,173$ (15,917) (36,090)$ FUND BALANCE:

Beginning of year 211,303
End of year 195,386$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Beverage Container Recycling Grant Special Revenue Fund For the Year Ended June 30, 2023
170 238
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 121 $ 121$ 208$ 87 $ Total revenues 121 121 208 87 NET CHANGE IN FUND BALANCE 121$ 121$ 208 87 $ FUND BALANCE:

Beginning of year 35,734
End of year 35,942$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual LA County Park Maintenance Grant Special Revenue Fund
For the Year Ended June 30, 2023
171 239
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 78 $ 78$ 40$ (38)$ Intergovernmental 19,243 19,243 10,420 (8,823) Total revenues 19,321 19,321 10,460 (8,861) EXPENDITURES:

Current:

Public works 21,560 21,560 11,473 10,087 Total expenditures 21,560 21,560 11,473 10,087 NET CHANGE IN FUND BALANCE (2,239)$ (2,239)$ (1,013) 1,226 $ FUND BALANCE (DEFICIT):

Beginning of year (3,994)
End of year (5,007)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Used Oil Recycling Grant Special Revenue Fund
For the Year Ended June 30, 2023
172 240
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental 40,000 $ 40,000$ - $ (40,000)$ Total revenues 40,000 40,000 - (40,000) EXPENDITURES:

Current:

Public safety 30,000 30,000 - 30,000 Total expenditures 30,000 30,000 - 30,000 NET CHANGE IN FUND BALANCE 10,000$ 10,000$ - (10,000)$ FUND BALANCE (DEFICIT):

Beginning of year (30,997)
End of year (30,997)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Justice Assistance Special Revenue Fund
For the Year Ended June 30, 2023
173 241
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property 1,695 $ 1,695$ 1,015$ (680)$ Total revenues 1,695 1,695 1,015 (680) NET CHANGE IN FUND BALANCE 1,695$ 1,695$ 1,015 (680)$ FUND BALANCE:

Beginning of year 172,446
End of year 173,461$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Enterprise Zone Program Special Revenue Fund
For the Year Ended June 30, 2023
174 242
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Licenses and permits - $ -$ 10,000$ 10,000$ Charges for services - - 269,334 269,334 Total revenues - - 279,334 279,334 EXPENDITURES:

Current:

Public works 12,350 102,350 292,195 (189,845) Total expenditures 12,350 102,350 292,195 (189,845) NET CHANGE IN FUND BALANCE (12,350)$ (102,350)$ (12,861) 89,489 $ FUND BALANCE:

Beginning of year 791,529
End of year 778,668$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Cannabis Cultivation Special Revenue Fund
For the Year Ended June 30, 2023
175 243
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes and assessments 1,202,007 $ 1,202,007$ 1,292,225$ 90,218 $ Use of money and property - - 1,402 1,402 Total revenues 1,202,007 1,202,007 1,293,627 91,620 EXPENDITURES:

Current:

Public works 36,141 36,391 17,484 18,907 Debt service:

Principal payment 115,000 115,000 115,000 - Interest and fiscal charges 544,700 544,700 547,434 (2,734) Total expenditures 695,841 696,091 679,918 16,173

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 506,166 505,916 613,709 107,793 OTHER FINANCING USES:

Transfers out (492,613) (806,761) (9,455) 797,306 Total other financing uses (492,613) (806,761) (9,455) 797,306 NET CHANGE IN FUND BALANCE 13,553$ (300,845)$ 604,254 905,099$ FUND BALANCE:

Beginning of year 729,779
End of year 1,334,033 $
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Measure M Special Revenue Fund
For the Year Ended June 30, 2023
176 244
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property - $ -$ 10,674$ 10,674$ Intergovernmental 1,592,891 1,592,891 1,530,423 (62,468) Total revenues 1,592,891 1,592,891 1,541,097 (51,794) EXPENDITURES:

Current:

Public works 672,726 691,132 580,690 110,442 Total expenditures 672,726 691,132 580,690 110,442

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 920,165 901,759 960,407 58,648 OTHER FINANCING USES:

Transfers out (1,425,617) (1,263,118) (783,730) 479,388 Total other financing uses (1,425,617) (1,263,118) (783,730) 479,388 NET CHANGE IN FUND BALANCE (505,452)$ (361,359)$ 176,677 538,036$ FUND BALANCE:

Beginning of year 899,354
End of year 1,076,031$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual SB 1 Special Revenue Fund
For the Year Ended June 30, 2023
177 245
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental 1,259,600 $ 1,259,600$ 7,377 $ (1,252,223)$ Total revenues 1,259,600 1,259,600 7,377 (1,252,223) OTHER FINANCING USES:

Transfers out (1,259,600) (1,259,600) (249,985) 1,009,615 Total other financing uses (1,259,600) (1,259,600) (249,985) 1,009,615 NET CHANGE IN FUND BALANCE -$ -$ (242,608) (242,608)$ FUND BALANCE (DEFICIT):

Beginning of year 12,358
End of year (230,250)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual HSIP Special Revenue Fund
For the Year Ended June 30, 2023
178 246
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental - $ 228,876$ 157,003 $ (71,873) $ Total revenues - 228,876 157,003 (71,873) EXPENDITURES:

Current:

Community development - 15,000 15,000 - Total expenditures - 15,000 15,000 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES - 213,876 142,003 (71,873) OTHER FINANCING USES:

Transfers out - (213,876) (157,003) 56,873 Total other financing uses - (213,876) (157,003) 56,873 NET CHANGE IN FUND BALANCE -$ - $ (15,000) (15,000)$ FUND BALANCE (DEFICIT):

Beginning of year -
End of year (15,000)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual LEAP Grant Special Revenue Fund
For the Year Ended June 30, 2023
179 247
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Charges for services 2,315 $ 2,315$ 1,348$ (967)$ Total revenues 2,315 2,315 1,348 (967) EXPENDITURES:

Current:

Public works 2,176,294 2,176,294 1,503,319 672,975 Total expenditures 2,176,294 2,176,294 1,503,319 672,975

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES (2,173,979) (2,173,979) (1,501,971) 672,008 OTHER FINANCING SOURCES:

Transfers in 1,900,971 1,900,971 1,503,320 (397,651) Total other financing sources 1,900,971 1,900,971 1,503,320 (397,651) NET CHANGE IN FUND BALANCE (273,008)$ (273,008)$ 1,349 274,357$ FUND BALANCE:

Beginning of year 2,089
End of year 3,438$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Transportation Special Revenue Fund
For the Year Ended June 30, 2023
180 248
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental 2,792,950 $ 2,792,950$ 1,156,631$ (1,636,319)$ Total revenues 2,792,950 2,792,950 1,156,631 (1,636,319) OTHER FINANCING USES:

Transfers out (2,792,950) (2,792,950) (2,792,950) - Total other financing uses (2,792,950) (2,792,950) (2,792,950) - NET CHANGE IN FUND BALANCE -$ -$ (1,636,319) (1,636,319)$ FUND BALANCE (DEFICIT):

Beginning of year (1,120,117)
End of year (2,756,436)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Urban Greening Special Revenue Fund
For the Year Ended June 30, 2023
181 249
Original Final Variance with
Budget Budget Actual Final Budget
OTHER FINANCING USES:

Transfers out (1,582,588) (1,582,588) (52,295) 1,530,293 Total other financing uses (1,582,588) (1,582,588) (52,295) 1,530,293 NET CHANGE IN FUND BALANCE (1,582,588)$ (1,582,588)$ (52,295) 1,530,293$ FUND BALANCE (DEFICIT):

Beginning of year -
End of year (52,295)$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Capital Grant Special Revenue Fund
For the Year Ended June 30, 2023
182 250
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental revenues - $ 2,669,963$ 1,462,937$ (1,207,026)$ Total revenues - 2,669,963 1,462,937 (1,207,026) EXPENDITURES:

Current:

Community development - 2,669,963 1,755,513 914,450 Total expenditures - 2,669,963 1,755,513 914,450 NET CHANGE IN FUND BALANCE -$ -$ (292,576) (292,576)$ FUND BALANCE (DEFICIT):

Beginning of Year -
End of Year (292,576) $
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual DTSC-ECRG Special Revenue Fund
For the Year Ended June 30, 2023
183 251
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property - $ -$ 142,682$ 142,682$ Total revenues - - 142,682 142,682 EXPENDITURES:

Debt service:

Interest and fiscal charges - - 265 (265) Total expenditures - - 265 (265)

EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES - - 142,417 142,417 OTHER FINANCING USES:

Transfers out (4,612,296) (5,002,220) (2,005,242) 2,996,978 Total other financing uses (4,612,296) (5,002,220) (2,005,242) 2,996,978 NET CHANGE IN FUND BALANCE (4,612,296)$ (5,002,220)$ (1,862,825) 3,139,395 $ FUND BALANCE:

Beginning of year 4,493,855
End of year 2,631,030$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual Measure M Bond Capital Projects Fund
For the Year Ended June 30, 2023
184 252
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property - $ -$ 657$ 657$ Total revenues - - 657 657 OTHER FINANCING USES:

Transfers out (6,660,604) (7,079,448) (1,338,830) 5,740,618 Total other financing uses (6,660,604) (7,079,448) (1,338,830) 5,740,618 NET CHANGE IN FUND BALANCE (6,660,604)$ (7,079,448)$ (1,338,173) 5,741,275 $ FUND BALANCE:

Beginning of year 12,454,177
End of year 11,116,004$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual 2019 Lease Revenue Bonds Capital Projects Fund
For the Year Ended June 30, 2023
185 253
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Current:

Use of money and property - $ -$ 13,061$ 13,061$ Total revenues - - 13,061 13,061 OTHER FINANCING USES:

Transfers out (285,509) (285,509) - 285,509 Total other financing uses (285,509) (285,509) - 285,509 NET CHANGE IN FUND BALANCE (285,509)$ (285,509)$ 13,061 298,570$ FUND BALANCE:

Beginning of year 401,012
End of year 414,073$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual 2012 Measure R Bond Proceeds Capital Projects Fund
For the Year Ended June 30, 2023
186 254
Original Final Variance with
Budget Budget Actual Final Budget
OTHER FINANCING SOURCES (USES):

Issuance of debt - $ -$ 126,791$ 126,791$ Transfers out (1,608,132) (1,608,132) (172,484) 1,435,648 Total other financing sources (uses) (1,608,132) (1,608,132) (45,693) 1,562,439 NET CHANGE IN FUND BALANCE (1,608,132)$ (1,608,132)$ (45,693) 1,562,439$ FUND BALANCE:

Beginning of year 2,347,631
End of year 2,301,938$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual 2017 Lease Revenue Bonds (LRB) Capital Project Fund
For the Year Ended June 30, 2023
187 255
Original Final Variance with
Budget Budget Actual Final Budget
EXPENDITURES:

Debt service:

Principal payment 653,523 $ 653,523$ 653,469$ 54 $ Interest and fiscal charges 1,354,778 1,354,778 1,372,796 (18,018) Total expenditures 2,008,301 2,008,301 2,026,265 (17,964) OTHER FINANCING SOURCES:

Transfers in 2,008,301 2,008,301 2,026,265 17,964 Total other financing sources 2,008,301 2,008,301 2,026,265 17,964 NET CHANGE IN FUND BALANCE -$ -$ - -$ FUND BALANCE (DEFICIT):

Beginning of year -
End of year -$
City of Lynwood
Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget and Actual City of Lynwood Debt Service Fund
For the Year Ended June 30, 2023
188 256
Facilities Maintenance- This fund accounts for goods and services provided by the Garage Division Department to other departments on a cost reimbursement basis. The purchase of all City vehicles and vehicle maintenance services are recorded in this fund.

Internal Service Funds
Internal service funds are used to account for transactions related to the City's vehicle & equipment maintenance/replacement, information technology, for its self-insurance programs, and facilities maintenance. These services are provided to other departments on a cost reimbursement basis.

Vehicle & Equipment Maintenance/Replacement-This fund accounts for reimbursements from City departments for the cost of upkeep on City vehicles.

Information Technology Fund -This fund accounts for all information technology costs to the City. Funding sources are 50% from the General Fund and 50% from the Water Fund.

Self-Insurance Fund -This fund accounts for reimbursements from City departments for the cost of insurance premiums, claims and administration.
189 257
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190 258
Vehicle & Equipment
Maintenance/ Information Facilities
Replacement Technology Self-Insurance Maintenance Total ASSETS
Current Assets:

Cash and investments 200,000 $ 100,102$ 12,602,695$ 250,000 $ 13,152,797$ Accounts receivable - - 282 - 282 Prepaid items - - 60,799 - 60,799 Total current assets 200,000 100,102 12,663,776 250,000 13,213,878 Noncurrent assets:

Restricted assets:

Deposit in trust - - 300,000 - 300,000 Capital assets
Capital assets, being depreciated, net 296,647 - - - 296,647 Total capital assets, net 296,647 - - - 296,647 Total noncurrent assets 296,647 - 300,000 - 596,647 Total assets 496,647 100,102 12,963,776 250,000 13,810,525

LIABILITIES
Current liabilities:

Accounts payable 25,597 - 43,065 - 68,662 Accrued expenses 340 - 52,367 - 52,707 Due to other funds 270,709 - - - 270,709 Claims payable, due in one year - - 746,469 - 746,469 Total current liabilities 296,646 - 841,901 - 1,138,547 Noncurrent liabilities:

Claims payable, due in more than one year - - 4,077,531 - 4,077,531 Total noncurrent liabilities - - 4,077,531 - 4,077,531 Total liabilities 296,646 - 4,919,432 - 5,216,078

NET POSITION (DEFICIT)
Investment in capital assets 296,647 - - - 296,647 Unrestricted (deficit) (96,646) 100,102 8,044,344 250,000 8,297,800 Total net position (deficit) 200,001$ 100,102$ 8,044,344$ 250,000$ 8,594,447$ City of Lynwood
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
Internal Service Funds
191 259
Vehicle & Equipment
Maintenance/ Information Facilities
Replacement Technology Self-Insurance Maintenance Total OPERATING REVENUES:

Interdepartmental service charges 1,418,000$ - $ 7,253,216$ - $ 8,671,216$ Total operating revenues 1,418,000 - 7,253,216 - 8,671,216 OPERATING EXPENSES:

Insurance - - 2,624,249 - 2,624,249 Claims - - 1,738,802 - 1,738,802 Vehicle & equipment maintenance 382,224 - - - 382,224 Depreciation 122,390 - - - 122,390 Total operating expenses 504,614 - 4,363,051 - 4,867,665 OPERATING INCOME (LOSS) 913,386 - 2,890,165 - 3,803,551 CHANGES IN NET POSITION 913,386 - 2,890,165 - 3,803,551 NET POSITION (DEFICIT):

Beginning of the year (713,385) 100,102 5,154,179 250,000 4,790,896 End of the year 200,001$ 100,102$ 8,044,344$ 250,000$ 8,594,447$ City of Lynwood
Combining Statement of Revenues, Expenses, and Changes in Net Position Internal Service Funds
For the Year Ended June 30, 2023
Internal Service Funds
192 260
Vehicle & Equipment
Maintenance/ Information Facilities
Replacement Technology Self-Insurance Maintenance Total CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from interdepartmental service charges 409,157$ - $ 7,252,934$ - $ 7,662,091$ Payments to suppliers and employees (409,157) - - - (409,157) Payments for insurance premium and claims - - (4,973,540) - (4,973,540) Net cash provided by (used in) operating activities - - 2,279,394 - 2,279,394 Changes in cash and cash equivalents - - 2,279,394 - 2,279,394 CASH AND CASH EQUIVALENTS:

Beginning of year 200,000 100,102 10,623,301 250,000 11,173,403 End of year 200,000$ 100,102$ 12,902,695$ 250,000 $ 13,452,797$

RECONCILIATION OF CASH AND CASH EQUIVALENTS
TO THE STATEMENT OF NET POSITION:

Cash and investment 200,000 $ 100,102$ 12,602,695$ 250,000 $ 13,152,797$ Deposit in trust - - 300,000 - 300,000 Total 200,000$ 100,102$ 12,902,695$ 250,000 $ 13,452,797$

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES:

Operating income (loss) 913,386 $ - $ 2,890,165$ - $ 3,803,551$ Adjustments to reconcile operating income to net cash
provided by (used in) operating activities:

Depreciation 122,390 - - - 122,390 Change in assets and liabilities:
(Increase) decrease in accounts receivable - - (282) - (282) (Increase) decrease in prepaid items - - (33,108) - (33,108) Increase (decrease) in interfund activities (1,008,843) - - - (1,008,843) Increase (decrease) in accounts payable (26,979) - 41,870 - 14,891 Increase (decrease) in accrued expenses 46 - 749 - 795 Increase (decrease) in claims payable - - (620,000) - (620,000) Total adjustments (913,386) - (610,771) - (1,524,157) Net cash provided by (used in) operating activities -$ -$ 2,279,394$ - $ 2,279,394$ Internal Service Funds
City of Lynwood
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2023
193 261
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194 262

STATISTICAL SECTION
195 263
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196 264
Revenue Capacity (pages 211-221)
Debt Capacity (pages 223-231)
Demographic and Economic Information (pages 232-233)
These schedules offer demographic and economic indicators to help the reader understand the environment with which Operating Information (pages 234-236)
financial report relates to the services the government provides and the activities it performs.

City of Lynwood
Description of Statistical Section Contents
This part of the City of Lynwood's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health.

Financial Trends (pages 198-209)
being have changed over time.
197 265
2014 2015 2016 2017 2018
Governmental Activities
Net Investment in Capital Assets 112,653,436$ 113,437,149$ 121,869,031$ 134,085,572$ 137,802,823$ Restricted 30,716,429 28,759,008 24,894,733 25,023,626 29,623,562 Unrestricted (8,953,962) (33,375,725) (36,107,337) (41,349,927) (47,074,638) Total Governmental Activities Net Position 134,415,903 108,820,432 110,656,427 117,759,271 120,351,747 Business-type Activities
Net Investment in Capital Assets 2,556,555 2,437,864 (4,645,107) (4,631,063) 410,640 Restricted 4,375,458 4,256,517 1,216,007 1,217,476 927,225 Unrestricted 5,241,207 857,038 10,815,651 4,158,447 1,916,674 Total Business-type Activities Net Position 12,173,220 7,551,419 7,386,551 744,860 3,254,539 Primary government
Net Investment in Capital Assets 115,209,991 115,875,013 117,223,924 129,454,509 138,213,463 Restricted 35,091,887 33,015,525 26,110,740 26,241,102 30,550,787 Unrestricted (3,712,755) (32,518,687) (25,291,686) (37,191,480) (45,157,964) Total Primary Government Net Position 146,589,123$ 116,371,851$ 118,042,978$ 118,504,131$ 123,606,286$ * 2022 Balances were restated due to PPA
Fiscal Year
City of Lynwood
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
Schedule 1
198 266
2019 2020 2021 2022* 2023
Governmental Activities
Net Investment in Capital Assets 113,302,974$ 112,615,998$ 150,854,057$ 141,239,601$ 148,767,929$ Restricted 61,054,174 33,723,770 86,780,524 60,003,916 61,048,363 Unrestricted (40,186,835) (5,830,289) (83,207,679) (19,798,362) 5,618,624 Total Governmental Activities Net Position 134,170,313 140,509,479 154,426,902 181,445,155 215,434,916 Business-type Activities
Net Investment in Capital Assets (1,131,564) (4,365,339) (246,122) (4,659,674) (1,903,364) Restricted 978,438 936,200 669,519 675,254 910,021 Unrestricted 2,473,949 5,432,465 4,267,177 7,092,996 5,484,159 Total Business-type Activities Net Position 2,320,823 2,003,326 4,690,574 3,108,576 4,490,816 Primary government
Net Investment in Capital Assets 112,171,410 108,250,659 150,607,935 136,579,927 146,864,565 Restricted 62,032,612 34,659,970 87,450,043 60,679,170 61,958,384 Unrestricted (37,712,886) (397,824) (78,940,502) (12,705,366) 11,102,783 Total Primary Government Net Position 136,491,136$ 142,512,805$ 159,117,476$ 184,553,731$ 219,925,732$ * 2022 Balances were restated due to PPA
Fiscal Year
City of Lynwood
Net Position by Component (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
Schedule 1
199 267
2014 2015 2016 2017 2018
Expenses
Governmental Activities:

General government 7,985,070 $ 10,299,740$ 9,379,498$ 7,136,078$ 8,071,215$ Public safety 17,090,835 17,091,786 18,500,520 17,882,364 18,637,179 Public works 9,929,011 10,458,752 11,121,898 16,457,116 16,075,850 Community Development 1,779,007 1,580,382 1,548,886 1,614,564 1,676,129 Parks and recreation 3,201,757 3,013,387 2,983,953 3,908,963 4,552,791 Interest on long-term debt 1,508,889 1,282,689 332,878 1,071,212 1,054,011 Unallocated Depreciation - - - - -
Total governmental activities expenses 41,494,569 43,726,736 43,867,633 48,070,297 50,067,175 Business-type activities:

Water 9,138,793 9,771,870 9,870,110 13,224,683 8,887,470 Transit 885,536 1,049,545 1,074,358 1,226,680 1,385,168 Total business-type activities expenses 10,024,329 10,821,415 10,944,468 14,451,363 10,252,638 Total primary government expenses 51,518,898 54,548,151 54,812,101 62,521,660 60,319,813 Program Revenues
Governmental activities:

Charges for services:

General government 8,006,991 6,966,009 3,150,290 1,949,868 2,688,335 Public safety 19,059 9,113 62,422 1,498 - Public works 2,739,479 3,485,305 2,812,627 2,862,357 1,980,045 Community development 1,000,388 803,853 1,043,855 3,482,668 3,233,961 Parks and recreation 732,923 669,074 803,486 954,442 684,148 Operating grants and contributions 4,708,968 4,545,181 15,732,256 14,352,236 17,845,656 Capital grants and contributions - - 2,483,687 3,243,416 - Total governmental activities program revenues 17,207,808 16,478,535 26,088,623 26,846,485 26,432,145 Business-type activities:

Charges for services:

Water 10,167,149 10,298,091 9,781,758 9,788,763 11,994,596 Transit 9,548 7,075 25,648 70,898 16,991 Capital grants and contributions - - - - - Total business-type activities program revenues 10,176,697 10,305,166 9,807,406 9,859,661 12,011,587 Total primary government program revenues 27,384,505$ 26,783,701$ 35,896,029$ 36,706,146$ 38,443,732$

City of Lynwood
Changes in Net Position
Fiscal Year
Last Ten Fiscal Years
(accrual basis of accounting)
Schedule 2
200 268
2019 2020 2021 2022 2023
Expenses
Governmental Activities:

General government 6,390,329 $ 6,995,890$ 7,076,551$ 9,891,951$ 5,592,256$ Public safety 18,518,413 20,181,826 19,811,083 15,921,610 17,304,975 Public works 16,661,495 17,319,067 12,791,373 13,071,418 16,820,555 Community Development 1,923,736 1,438,994 3,342,443 5,991,316 7,331,130 Parks and recreation 3,970,442 3,780,543 3,236,523 2,790,907 3,774,275 Interest on long-term debt 2,283,401 3,226,350 3,184,825 2,998,678 2,628,236 Unallocated Depreciation - - - - -
Total governmental activities expenses 49,747,816 52,942,670 49,442,798 50,665,880 53,451,427 Business-type activities:

Water 9,136,538 10,158,834 11,754,041 15,557,904 12,129,166 Transit 1,140,910 1,739,420 1,307,702 - - Total business-type activities expenses 10,277,448 11,898,254 13,061,743 15,557,904 12,129,166 Total primary government expenses 60,025,264 64,840,924 62,504,541 66,223,784 65,580,593 Program Revenues
Governmental activities:

Charges for services:

General government 2,973,111 1,401,731 1,000,725 346,343 545,276 Public safety - - - - -
Public works 1,224,495 815,003 1,294,037 662,094 678,923 Community development 4,113,467 3,659,591 8,183,833 8,149,680 5,849,055 Parks and recreation 708,237 431,636 34,150 200,245 234,694 Operating grants and contributions 17,141,326 16,657,095 23,765,614 30,557,979 33,621,978 Capital grants and contributions - - - 2,554,198 7,122,510 Total governmental activities program revenues 26,160,636 22,965,056 34,278,359 42,470,539 48,052,436 Business-type activities:

Charges for services:

Water 12,907,193 13,841,865 14,936,511 15,110,900 14,171,434 Transit 6,221 6,793 34 - - Capital grants and contributions - - - - - Total business-type activities program revenues 12,913,414 13,848,658 14,936,545 15,110,900 14,171,434 Total primary government program revenues 39,074,050$ 36,813,714$ 49,214,904$ 57,581,439$ 62,223,870$ City of Lynwood
Changes in Net Position (Countined)
Fiscal Year
Last Ten Fiscal Years
(accrual basis of accounting)
Schedule 2
201 269
2014 2015 2016 2017 2018
Net (Expenses)/Revenue
Governmental activities (24,286,761)$ (27,248,201)$ (17,779,010)$ (21,223,812)$ (23,635,030)$ Business-type activities 152,368 (516,249) (1,137,062) (4,591,702) 1,758,949 Total primary government net expense (24,134,393) (27,764,450) (18,916,072) (25,815,514) (21,876,081) General Revenues and Other Changes in Net Assets
Governmental activities:

Taxes
Property taxes 13,318,023 13,782,140 9,054,582 9,265,676 9,795,477 Utility users tax 5,421,499 5,381,381 5,155,837 5,169,598 5,196,640 Sales taxes 6,721,146 7,107,526 5,159,810 4,814,034 9,176,594 Franchise taxes 2,380,457 1,533,036 657,966 577,959 671,343 Business license taxes 1,084,625 1,181,547 1,053,273 876,656 885,191 Other taxes 179,237 236,343 158,525 185,814 143,648 Payments in lieu of taxes - - - - -
Investment earnings 387,805 177,832 323,475 220,414 370,824 Miscellaneous 227,154 115,568 963,447 869,221 497,896 Transfers 1,784,644 (693,613) (829,165) 2,132,037 (510,107) Gain/Loss of Capital Assets - - (2,082,845) - - Total governmental activities 31,504,590 28,821,760 19,614,905 24,111,409 26,227,506 Business-type activities
Investment earnings 69,463 65,411 143,029 82,048 240,623 Miscellaneous - - - - -
Transfers (1,784,644) 693,613 829,165 (2,132,037) 510,107 Total business-type activities (1,715,181) 759,024 972,194 (2,049,989) 750,730 Total primary government 29,789,409 29,580,784 20,587,099 22,061,420 26,978,236 Change in Net Position
Governmental activities 7,217,829 1,573,559 1,835,895 2,887,597 2,592,476 Business-type activities (1,562,813) 242,775 (164,868) (6,641,691) 2,509,679 Total primary government 5,655,016 $ 1,816,334$ 1,671,027$ (3,754,094)$ 5,102,155$ City of Lynwood
Changes in Net Position (Countined)
Last Ten Fiscal Years
(accrual basis of accounting)
Schedule 2
Fiscal Year
202 270
2019 2020 2021 2022 2023
Net (Expenses)/Revenue
Governmental activities (23,587,180)$ (29,977,614)$ (15,164,439)$ (8,195,341)$ (5,398,991)$ Business-type activities 2,635,966 1,950,404 1,874,802 (447,004) 2,042,268 Total primary government net expense (20,951,214) (28,027,210) (13,289,637) (8,642,345) (3,356,723) General Revenues and Other Changes in Net Assets
Governmental activities:

Taxes
Property taxes 10,683,709 10,877,603 11,807,523 12,517,589 13,388,778 Utility users tax 5,014,483 4,736,649 5,225,838 5,776,593 6,748,187 Sales taxes 10,236,088 10,107,253 12,886,776 14,171,446 13,528,574 Franchise taxes 673,766 702,844 652,305 827,532 881,816 Business license taxes 896,212 800,001 764,016 808,295 763,394 Other taxes 192,692 201,617 410,021 178,425 862,142 Payments in lieu of taxes -
Investment earnings 4,371,883 6,076,939 (11,930) (502,623) 961,083 Miscellaneous 1,158,007 127,625 823,915 414,260 1,254,778 Transfers 4,178,906 2,686,249 1,291,583 1,002,089 1,000,000 Gain/Loss of Capital Assets -
Total governmental activities 37,405,746 36,316,780 33,850,047 35,193,606 39,388,752 Business-type activities
Investment earnings 609,224 418,348 84,477 (132,905) 339,972 Miscellaneous -
Transfers (4,178,906) (2,686,249) (1,291,583) (1,002,089) (1,000,000) Total business-type activities (3,569,682) (2,267,901) (1,207,106) (1,134,994) (660,028) Total primary government 33,836,064 34,048,879 32,642,941 34,058,612 38,728,724 Change in Net Position
Governmental activities 13,818,566 6,339,166 18,685,608 26,998,265 33,989,761 Business-type activities (933,716) (317,497) 667,696 (1,581,998) 1,382,240 Total primary government 12,884,850$ 6,021,669$ 19,353,304$ 25,416,267$ 35,372,001$ City of Lynwood
Changes in Net Position (Countined)
Last Ten Fiscal Years
(accrual basis of accounting)
Schedule 2
Fiscal Year
203 271
2014 2015 2016 2017 2018
General Fund
Nonspendable - $ -$ -$ -$ -$ Restricted:

Capital projects funds - - 7,329 7,329 7,330 Committed - - 75,372 561,594 Assigned - - - - - Unassigned 4,610,951 4,543,523 2,453,365 2,487,070 4,310,549 Total general fund 4,610,951 $ 4,543,523$ 2,460,694$ 2,569,771$ 4,879,473$ All Other Governmental Funds
Nonspendable 1,348,324 $ 1,348,324$ - $ -$ -$ Restricted:

Special revenue funds 16,128,321 18,265,929 23,114,443 24,860,823 22,942,043 Capital projects funds 13,038,094 8,943,098 6,542,492 12,468,984 8,309,100 Debt service funds 1,550,014 1,549,981 1,550,245 797,673 782,292 Committed
Special revenue funds - - 171,763 465,420 Unassigned (561,208) (1,890,094) (4,125,951) (1,145,932) (1,528,581) Total all other governmental funds 31,503,545$ 28,217,238$ 27,081,229$ 37,153,311$ 30,970,274$ Fiscal Year
City of Lynwood
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Schedule 3
204 272
2019 2020 2021 2022 2023
General Fund
Nonspendable - $ -$ -$ 16,927$ 8,507$ Restricted:

Capital projects funds 7,330 7,331 7,331 1,007,345 1,007,396 Committed 1,621,084 3,159,083 4,828,977 4,042,373 8,780,272 Assigned - - - 27,470,431 36,746,599 Unassigned 5,434,903 2,362,692 5,867,465 208,510 1,938,645 Total general fund 7,063,317 $ 5,529,106$ 10,703,773$ 32,745,586$ 48,481,419$ All Other Governmental Funds
Nonspendable - $ -$ -$ -$ -$ Restricted:

Special revenue funds 44,272,808 44,583,058 46,922,580 51,499,350 53,172,113 Capital projects funds 20,544,814 27,583,834 10,069,569 31,726,565 28,848,306 Debt service funds 783,176 3,472,680 28,689,358 3,805,664 3,760,417 Committed
Special revenue funds 644,509 745,952 791,529 791,529 778,668 Unassigned (2,818,704) (4,248,195) (3,797,255) (6,258,156) (11,808,772) Total all other governmental funds 63,426,603$ 72,137,329$ 82,675,781$ 81,564,952$ 74,750,732$ Fiscal Year
City of Lynwood
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
(modified accrual basis of accounting)
Schedule 3
205 273
2014 2015 2016 2017 2018
Revenues
Taxes 27,922,422 $ 28,099,418$ 28,377,635$ 31,564,356$ 36,076,064$ Licenses, fees, and permits 1,519,975 1,535,755 1,469,275 1,079,321 1,338,372 Fines and penalties 1,620,345 1,431,070 1,524,942 1,601,620 1,751,217 Use of money and property 369,972 365,674 501,983 388,607 852,453 Intergovernmental 4,687,146 5,686,120 6,639,118 9,486,512 5,967,357 Charges for services 4,322,968 4,100,874 4,073,836 5,169,273 3,566,354 Administrative support 1,118,246 1,118,246 1,118,246 1,118,246 1,118,246 Program Income 40,000 - - - - Other revenues 533,636 730,781 1,210,870 1,370,324 2,173,308 Total revenues 42,134,710 43,067,938 44,915,905 51,778,259 52,843,371 Expenditures
General government 5,561,282 5,660,357 8,334,494 5,032,778 6,260,252 Public safety 17,071,643 17,026,598 18,018,139 16,500,838 17,615,500 Public works 8,729,833 8,830,245 9,145,919 11,294,021 12,058,593 Community development 1,775,426 1,981,750 1,522,374 800,318 1,004,115 Parks and recreation 2,983,717 2,939,850 2,865,986 2,935,450 3,377,729 Pass Through To Other Agencies - 2,471,492 - - - Capital outlay 1,356,431 - 6,723,796 11,423,972 15,735,275 Debt service
Interest 900,652 4,864,154 870,719 929,521 1,008,324 Principal 1,411,038 1,175,937 808,556 2,392,349 873,452 Total expenditures 39,790,022 44,950,383 48,289,983 51,309,247 57,933,240 Excess of revenues over (under) expenditures2,344,688 (1,882,445) (3,374,078) 469,012 (5,089,869) Other Financing Sources (Uses)
Bonds proceeds - - - 7,685,000 2,740,000 Proceed from Sale of assets - - - - - Premium on bond issuance - - - - - Payments to escrow agent - - - - - Bond Discount - - - - - Loan repayment - - - - - Transfers in 15,574,928 7,983,212 11,425,797 24,701,464 17,007,561 Transfers out (14,844,566) (9,454,502) (12,969,962) (23,437,287) (18,531,027) Total other financing sources (uses) 730,362 (1,471,290) (1,544,165) 8,949,177 1,216,534 Special Item - - (2,082,845) - - Net change in fund balances 3,075,050$ (3,353,735)$ (7,001,088)$ 9,418,189$ (3,873,335)$ noncapital expenditures 6.40% 16.58% 3.48% 6.47% 3.25%
Source: City of Lynwood Finance Department
Fiscal Year
City of Lynwood
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Schedule 4
206 274
2019 2020 2021 2022 2023
Revenues
Taxes 40,508,130 $ 38,081,145$ 44,622,651$ 49,747,646$ 51,334,238$ Licenses, fees, and permits 1,272,593 1,167,280 1,209,119 1,162,388 1,134,814 Fines and penalties 2,344,777 1,654,693 2,323,943 1,705,168 1,662,586 Use of money and property 4,527,076 6,265,801 3,713,015 (223,667) 1,203,620 Intergovernmental 5,527,762 4,752,470 6,935,540 20,956,327 20,859,995 Charges for services 3,108,190 2,649,720 2,457,713 2,170,846 2,547,862 Administrative support 1,118,246 1,118,674 1,118,674 - - Program Income - - - - - Other revenues 1,528,942 775,541 3,699,452 866,855 2,851,743 Total revenues 59,935,716 56,465,324 66,080,107 76,385,563 81,594,858 Expenditures
General government 5,430,688 6,205,664 5,142,568 10,556,992 5,401,753 Public safety 18,568,913 19,530,520 19,893,853 14,760,406 21,593,843 Public works 13,932,186 14,517,228 12,857,473 12,248,572 14,786,460 Community development 1,650,759 1,375,810 2,738,040 6,151,238 8,142,777 Parks and recreation 3,702,665 3,669,669 2,697,177 3,452,092 4,184,270 Pass Through To Other Agencies - - - - - Capital outlay 12,782,838 13,360,578 14,268,601 6,422,198 13,822,670 Debt service
Interest 4,082,308 3,492,742 2,597,307 2,816,438 2,738,589 Principal 1,738,123 2,276,366 2,847,918 2,651,204 3,129,674 Total expenditures 61,888,480 64,428,577 63,042,937 59,059,140 73,800,036 Excess of revenues over (under) expenditures(1,952,764) (7,963,253) 3,037,170 17,326,423 7,794,822 Other Financing Sources (Uses)
Bonds proceeds 35,869,165 22,420,000 14,278,064 811,623 126,791 Proceed from Sale of assets - - - 2,000,000 - Premium on bond issuance - - - - - Payments to escrow agent - (8,985,000) - - - Bond Discount - - - - - Loan repayment - - - - - Transfers in 21,172,376 27,873,462 19,280,867 13,617,673 18,327,141 Transfers out (20,448,604) (26,168,694) (20,882,982) (14,320,116) (17,327,141) Total other financing sources (uses) 36,592,937 15,139,768 12,675,949 2,109,180 1,126,791 Special Item - - - - - Net change in fund balances 34,640,173$ 7,176,515$ 15,713,119$ 19,435,603$ 8,921,613$ noncapital expenditures 9.40% 8.95% 11.16% 10.39% 9.78% City of Lynwood
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
(modified accrual basis of accounting)
Schedule 4
Fiscal Year
207 275
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208 276
Fiscal
Year Property Sales Taxes
Utility Users
Tax Franchise
Property
Transfer Other Total
2014 13,318,023$ 6,721,146$ 5,421,499$ 2,380,457$ 387,805 $ 179,237$ 28,408,167$ 2015 13,782,140$ 7,107,526$ 5,381,381$ 1,533,036$ - $ 236,343$ 28,040,426$ 2016 15,112,877$ 7,302,546$ 5,155,837$ 647,850$ 88,564$ 69,961$ 28,377,635$ 2017 15,547,317$ 8,010,746$ 5,169,598$ 577,959$ 112,071$ 73,743 $ 29,491,434$ 2018 15,789,300$ 13,250,201$ 5,196,640$ 1,652,610$ 102,646 $ 73,369 $ 36,064,766$ 2019 10,600,246$ 10,236,088$ 5,014,483$ 673,766$ 83,463$ 1,088,904$ 27,696,950$ 2020 10,877,603$ 10,107,253$ 4,736,649$ 702,844$ 79,740$ 921,878$ 27,425,967$ 2021 11,807,523$ 12,886,776$ 5,225,838$ 652,305$ 280,325$ 893,712$ 31,746,479$ 2022 12,517,589$ 14,171,446$ 5,776,593$ 827,532$ 35,070$ 951,650$ 34,279,880$ 2023 13,388,778$ 13,528,574$ 6,748,187$ 881,816$ 311,774$ 1,313,762$ 36,172,891$ Source: City of Lynwood Finance Department
City of Lynwood
Tax Revenues by Source of Governmental Funds
Last Ten Fiscal Years
Schedule 5
209 277
2014 2015 2016 2017 2018
Residential 1,959,709,331$ 2,033,412,985$ 2,145,047,282$ 2,239,221,012$ 2,356,724,122$ Industrial 245,749,667 250,856,840 255,981,922 277,993,737 293,269,290 Commercial 306,219,798 344,128,361 361,390,369 375,592,007 390,379,249 Institutional 310,720,341 320,358,478 314,952,588 312,544,660 320,582,799 Unclassified 17,565,180 16,401,813 15,805,005 16,047,269 16,368,200 Vacant Land 50,245,155 27,187,345 27,197,344 27,456,753 27,774,822 Recreational 315,898 317,330 323,668 3,818,892 3,027,613 Possessory Interest 4,377,782 4,691,661 4,945,767 5,252,407 5,679,542 Miscellaneous 1,145,617 135,273 137,451 139,146 141,403 Government - - - - - Professional - - - - - Unitary 191 182 177 159 153 Unsecured 90,669,780 90,075,523 91,745,901 87,670,655 86,493,766 Tax Exempt (307,087,908) (332,003,002) (323,106,195) (326,060,603) (329,295,700) Totals 2,679,630,832$ 2,755,562,789$ 2,894,421,279$ 3,019,676,094$ 3,171,145,259$ Fiscal Year
City of Lynwood
Assessed Value
Last Ten Fiscal Years
Schedule 6
Source: Los Angeles County Assesor data, MuniServices, LLC 210 278
2019 2020 2021 2022 2023
Residential 2,487,200,043$ 2,616,032,409$ 2,756,128,280$ 2,856,541,413$ 2,983,575,418$ Industrial 340,299,975 362,333,739 405,179,415 427,613,280 422,619,308 Commercial 408,867,578 433,151,308 448,093,195 492,603,904 496,630,467 Institutional 322,122,208 327,244,068 334,148,725 257,239,406 266,731,493 Unclassified 16,605,633 16,937,734 17,361,945 18,037,265 11,174,762 Vacant Land 35,903,273 29,676,398 29,195,281 425,761 56,619,085 Recreational 3,088,162 3,149,923 3,212,919 4,097,904 4,179,858 Possessory Interest 6,076,410 6,541,914 6,990,393 7,578,983 7,798,075 Miscellaneous 143,705 146,053 148,448 149,712 152,181 Government 10,000 - - - - Professional - - - - 7,355,708 Unitary - - - - - Unsecured 126,040,208 132,236,535 98,823,624 103,348,091 115,754,898 Tax Exempt (259,977,346) (347,064,777) (266,968,959) (80,303,653) (78,271,441) Totals 3,486,379,849$ 3,580,385,304$ 3,832,313,266$ 4,087,332,066$ 4,294,319,812$ Fiscal Year
City of Lynwood
Assessed Value (Continued)
Last Ten Fiscal Years
Schedule 6
Source: Los Angeles County Assesor data, MuniServices, LLC 211 279
Agency 2014 2015 2016 2017 2018
Basic Levy 1.000000 1.000000 1.000000 1.000000 1.000000 Compton Community College District 0.023214 0.023799 0.057774 0.057892 0.068796 Compton Unified School District 0.000000 0.000000 0.000000 0.000000 0.000000 County Detention Facilities 1987 Debt 0.000000 0.000000 0.000000 0.000000 0.000000 LA Community College District 0.000000 0.000000 0.000000 0.000000 0.000000 LA County Flood Control 0.000000 0.000000 0.000000 0.000000 0.000000 Los Angeles Unified School District 0.000000 0.000000 0.000000 0.000000 0.000000 Lynwood Unified 0.120048 0.084892 0.297915 0.360094 0.434629 Metropolitan Water District 0.003500 0.003500 0.003500 0.003500 0.003500 Tax District 0.125000 0.125000 0.125000 0.125000 0.125000 Total Direct & Overlapping Tax Rates 1.271762 1.237191 1.484189 1.546486 1.631925 City's Share of 1% Levy Per Prop 13 0.113014 0.113014 0.113014 0.113014 0.113014 Source: Los Angeles County Auditor/Controller, Avenu Insights & Analytics For purposes of this report, TRA 6-089, 1-407, and 3-228 are represented.

Total Direct and Overlapping Tax Rates include all rates which occur within the city. Not all tax rates occur within each TRA.

Fiscal Year
City of Lynwood
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(rate per $1,000 of assessed value)
Schedule 7
212 280
Agency 2019 2020 2021 2022 2023
Basic Levy 1.000000 1.000000 1.000000 1.000000 1.000000 Compton Community College District 0.091284 0.074043 0.066207 0.071841 0.052426 Compton Unified School District 0.000000 0.000000 0.000000 0.000000 0.080267 County Detention Facilities 1987 Debt 0.000000 0.000000 0.000000 0.000000 0.000000 LA Community College District 0.000000 0.000000 0.000000 0.000000 0.000000 LA County Flood Control 0.000000 0.000000 0.000000 0.000000 0.000000 Los Angeles Unified School District 0.000000 0.000000 0.000000 0.000000 0.121072 Lynwood Unified 0.358944 0.425567 0.346217 0.375149 0.155131 Metropolitan Water District 0.003500 0.003500 0.003500 0.003500 0.003500 Tax District 0.125000 0.125000 0.125000 0.125000 0.125000 Total Direct & Overlapping Tax Rates 1.578728 1.628110 1.540924 1.575490 1.537396 City's Share of 1% Levy Per Prop 13 0.113014 0.113014 0.113014 0.113014 0.113014 Fiscal Year
City of Lynwood
Direct and Overlapping Property Tax Rates (Continued)
Last Ten Fiscal Years
(rate per $1,000 of assessed value)
Schedule 7
213 281
Taxpayer Value Rank
% of Net
Assessed Value Taxable Value ($) Rank
% of Net
Assessed Value
MPT Of Lynwood LP 204,000,000$ 1 4.75% 0.00% Duke Realty Ltd Partnership 77,246,240 2 1.80% 38,882,400 1.45% Terreno Lynwood LLC 66,185,351 3 1.54% Plamex Investment LLC 49,773,424 4 1.16% 43,649,534 1.63% Earl M Jorgensen Co 29,784,739 5 0.69% 18,180,031 0.68% Centerpoint Properties Trust 26,245,000 6 0.61% Rexford Industrial Industry Way 24,915,666 7 0.58% Primrose19 LP 22,074,747 8 0.51%
Prime Healthcare Services 21,756,427 9 0.51% Prime Desert Properties LLC 20,062,187 10 0.47% EK Lynwood LLC 16,973,385 0.40%
Albi Lynwood Investments LLC 16,003,199 0.37% 14,111,700 0.53% 805 Property LLC 15,112,472 0.35% 12,117,273 0.45% Economic Resources Corp 13,096,684 0.30% 10,864,273 0.41% Shapco Partnership 12,101,763 0.28% 10,420,295 0.39% Lynwood MFT LLC 11,457,292 0.27%
Lee Riviera Enterprises LLC 11,110,544 0.26% El Segundo Boulevard Property 10,956,814 0.26% 710 Investment Group LLC 9,850,000 0.23%
PL Dev 9,776,079 0.23%
Trinh Tony Co 8,812,590 0.21%
Nova Storage Lynwood LP 8,482,485 0.20%
Villas LLC 7,986,118 0.19%
Sunshine Capital Group LLC 7,881,091 0.18% 6,791,703 0.25% Gardenia19 LP 7,358,248 0.17%
Lynwood Alameda Corp - - 20,809,230 0.78% St Francis Medical Center - - 19,957,387 0.74% Aaron Industries Inc. - - 16,863,289 0.63% Jones Holdings LLC - - 15,225,727 0.57% Airgas - - 12,202,252 0.46% Atlantic Lynwood LLC - - 11,970,399 0.45% Urban LLC - - 10,734,279 0.40% Mahboubian Sohail - - 9,873,570 0.37% Habitat For Humanity - - 8,757,909 0.33% Layne Larry - - 7,300,000 0.27% PCCR Usa Inc. - - 6,991,742 0.26% Melcar Investments LP - - 6,973,099 0.26% Labarbera Dev L P - - 6,634,873 0.25% Sa Recycling LLC - - 5,914,845 0.22% Demeire Kurt S Sandra L - - 5,687,000 0.21% Drooz Frances C - - 5,670,858 0.21% Triumph Processing Inc. - - 5,576,485 0.21% Top Ten Totals 709,002,545$ 16.51% 332,160,153 $ 12.40% Total Taxable Value 4,294,319,812$ 100.00% 2,679,630,832 $ 100.00% Source: Los Angeles County Assessor data, Avenu Insights & Analytics 2022-23 2013-14
City of Lynwood
Principal Property Taxpayers
Current Year and Nine Years Ago
Schedule 8
214 282
Fiscal
Year Taxes Levied
Collected within the
Fiscal Year of the Levy
Ended
June 30
for the
Fiscal Year Amount
Percentage
of Levy Amount
Percentage of
Levy
2014 2,218,405$ 2,215,707$ 99.88% - $ 2,215,707$ 99.88% 2015 2,304,908 2,305,732 100.04% - 2,305,732 100.04% 2016 2,446,457 2,426,730 99.19% - 2,426,730 99.19% 2017 2,522,252 2,505,333 99.33% - 2,505,333 99.33% 2018 2,668,369 2,657,529 99.59% - 2,657,529 99.59% 2019 2,925,364 2,897,116 99.03% - 2,897,116 99.03% 2020 2,941,642 2,858,882 97.19% - 2,858,882 97.19% 2021 3,194,430 3,148,490 98.56% - 3,148,490 98.56% 2022 3,400,237 3,357,875 98.75% - 3,357,875 98.75% 2023 3,604,286 3,563,405 98.87% - 3,563,405 98.87% Source: County Assessor Data and City General Ledger, Avenu Insights & Analytics Source: 2011-12 and prior, previously published ACFR Report *Includes 1% secured apportionment only
(-) Data Unavailable
(1) Years with over 100% of levy are due to prior year collections Collections in
Subsequent Years
Total Collections to Date
City of Lynwood
Property Tax Levies and Collections
Last Ten Fiscal Years
Schedule 9
Note:
*Other Collections may include Prior Years delinquencies, Interest and Penalties, Tax Redemption, and Supplemental Taxes.

Sources: MuniServices
215 283
Category Name 2014 2015 2016 2017 2018
Accommodation and Food Services 676,949 $ 711,020$ 770,171$ 803,499$ 882,181$ Agriculture, Forestry, Fishing and Hunting (1,666) (1,553) (1,134) (5,939) (1,493) Arts, Entertainment, and Recreation 20 20 19 66 58 Construction 25,811 28,371 29,148 38,402 39,866 Educational Services 2,945 2,984 4,496 5,134 7,297 Information 3,482 4,002 5,791 5,498 6,476 Manufacturing 115,335 104,417 130,441 158,595 132,344 Mining, Quarrying, and Oil and Gas Extraction 105,674 115,425 127,080 120,270 117,338 Other Services (except Public Administration) 73,401 39,781 45,251 56,652 72,340 Professional, Scientific, and Technical Services 16,217 17,297 17,244 15,306 17,955 Real Estate and Rental and Leasing 1,808 1,489 2,131 4,707 3,817 Retail Trade 2,086,965 2,103,546 2,132,119 2,062,572 2,210,115 Utilities 34,534 36,381 38,083 48,297 51,791 All Other Sectors 132,679 126,873 135,596 136,177 143,729 Grand Total 3,274,151$ 3,290,053$ 3,436,436$ 3,449,238$ 3,683,812$ Source: Avenu Insights & Analytics
The data contained in this report is economic and therefore constantly changing as adjustments, fund transfers, late filings and audits are recorded.

The categories listed in previous reports were based on SBOE NAICS codes and have been updated to reflect current updated CDTFA standards.

Fiscal Year
City of Lynwood
Taxable Sales by Category
Last Ten Calendar Years
(In Thousands of dollars)
Schedule 10
216 284
Category Name 2019 2020 2021 2022 2023
Accommodation and Food Services 921,061 $ 936,892$ 888,149$ 1,048,535$ 1,106,636$ Agriculture, Forestry, Fishing and Hunting (713) 817 (10,072) 4,112 8,865 Arts, Entertainment, and Recreation 28 192 - - - Construction 48,575 214,902 178,493 - - Educational Services 6,095 7,006 4,583 6,053 4,046 Information 6,246 6,644 6,268 7,142 3,857 Manufacturing 135,516 107,499 235,836 215,531 121,336 Mining, Quarrying, and Oil and Gas Extraction 117,231 97,703 106,208 117,305 122,835 Other Services (except Public Administration) 51,659 46,286 51,073 61,466 48,954 Professional, Scientific, and Technical Services 17,505 15,394 19,699 22,554 24,907 Real Estate and Rental and Leasing 3,211 2,048 4,505 2,426 4,319 Retail Trade 2,391,233 2,409,269 2,589,992 3,347,336 3,269,953 Utilities 70,706 228,641 197,852 221,962 260,482 All Other Sectors 145,006 151,610 163,866 162,446 148,477 Grand Total 3,913,358$ 4,224,902$ 4,436,453$ 5,216,868$ 5,124,667$ Source: Avenu Insights & Analytics
Fiscal Year
City of Lynwood
Taxable Sales by Category (Continued)
Last Ten Calendar Years
(In Thousands of dollars)
Schedule 10
217 285
Fiscal Year
City Direct
Rate
Los Angeles
County
2013 1% 1%
2014 1% 1%
2015 1% 1%
2016 1% 1%
2017 2% 1%
2018 2% 1%
2019 2% 1%
2020 2% 1%
2021 2% 1%
2022 2% 1%
2023 2% 1%
Additional Add on sales Tax(1%) effective on Nov 2016 for 10 years.

City of Lynwood
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years
Schedule 11
Source: HdL Coren and Cole
218 286
2022-23 2013-14
Tax Remitter Business Category Tax Remitter Business Category 7-Eleven Food Stores Food Markets 99 Cents Only Stores Department Stores Amuse - MMD Drug Stores Airgas-West Heavy Industry
Arco AM/PM Mini Marts Service Stations Alpha Beta Market Food Markets Autozone Auto Parts/Repair Arco AM/PM Mini Marts Service Stations Becc - MMD Drug Stores Autozone Auto Parts/Repair
Chevron Service Stations Service Stations Chevron Service Stations Service Stations Curacao Department Stores CVS Pharmacy Drug Stores
Elite Roofing Supply Bldg.Matls-Whsle Del Steel Ornamental & Tube Bldg.Matls-Whsle Food 4 Less Food Markets Factory 2-U Department Stores
Harbor Freight Tools Bldg.Matls-Retail Jones Lumber Company Bldg.Matls-Whsle Jack In The Box Restaurants Restaurants King Taco Restaurant Restaurants Jones Lumber Company Bldg.Matls-Retail La Curacao Furniture/Appliance K.D.H. Used Truck Sales Misc. Vehicle Sales Mcdonald's Restaurants Restaurants Magnolia Extracts - MMD Drug Stores Rapid Gas Service Stations Service Stations Mcdonald's Restaurants Restaurants Rite Aid Drug Stores Drug Stores Shell Service Stations Service Stations Shell Service Stations Service Stations Stop & Save Gas & Market Service Stations Smart & Final Food Markets Superior Grocers Food Markets Stambouli Via Trading Miscellaneous Retail Tacos El Gavilan Restaurants Sun's Market Gas & Diesel Service Stations Tam's Burgers Restaurants Superior Super Warehouse Food Markets The Kickin Crab Restaurants TJ's Metal Manufacturing Heavy Industry TJ's Metal Manufacturing Heavy Industry Union 76 Service Stations Service Stations Union 76 Service Stations Service Stations Valu Plus Food Warehouse Food Markets United Oil Service Stations Service Stations Verizon Wireless Miscellaneous Retail Warehouse Shoe Sale Wss Apparel Stores Walgreen'S Drug Stores Drug Stores Source: Avenu Insights & Analytics
City of Lynwood
Principal Sales Tax Remitters
Current Year and Nine Years Ago
Schedule 12
Note:

California Law Prohibits Further Detail.

Source: Muniservices
219 287
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220 288
Fiscal
Year
General
Obligation
Bonds
Redevelopment
Bonds Total Per Capita
2014 38,495,932 $ - 38,495,932$ 297 2015 37,219,957 - 37,219,957 337 2016 35,942,769 - 35,942,769 452 2017 40,720,881 - 40,720,881 532 2018 52,414,697 - 52,414,697 699 2019 83,749,890 - 83,749,890 1,149 2020 114,103,885 - 114,103,885 1,539 2021 125,188,350 - 125,188,350 1,371 2022 122,407,201 - 122,407,201 1,767 2023 119,187,388 - 119,187,388 1,729 General Bonded Debt Outstanding
City of Lynwood
Ratios of General Bonded Debt Outstanding
Schedule 13
Last Ten Fiscal Years
Source: City of Lynwood Finance Department
221 289
Governmental Activities
Fiscal
Year
Tax Allocation
Bonds
HUD Loan
Payable Loans Payable Revenue Bonds
Subscription
Payable Lease Payable
2014 - $ 4,025,000$ 122,241 $ 18,867,322$ - $ -$ 2015 - - 83,068 18,076,142 - - 2016 - - 42,349 17,254,752 - - 2017 - - - 22,598,362 - - 2018 - - - 24,473,520 - - 2019 - - - 56,277,196 - - 2020 - - - 67,287,680 - - 2021 - - 778,064 78,086,901 - - 2022* - - 1,530,186 75,476,606 83,465 410,681 2023 - - 1,691,775 72,772,365 50,403 41,237 * 2022 balances were restated due to implementation of GASB 96 City of Lynwood
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Schedule 14
Source: City of Lynwood Finance Department
222 290
Business-type Activities
Fiscal
Year
Water
Revenue
Bonds Lease Payable
Total
Primary
Government
Percentage
of Personal
Income
Debt Per
Capita
2014 19,628,710$ - $ 42,643,273$ 8.81% 1,103 2015 19,143,815 - 37,303,025 8.11% 1,012 2016 18,645,667 - 35,944,784 3.88% 496 2017 18,122,519 - 40,720,881 4.22% 562 2018 27,941,177 - 52,414,697 1.84% 728 2019 27,472,694 - 83,749,890 1.28% 1,174 2020 46,816,205 - 67,287,680 1.66% 1,603 2021 46,323,385 - 125,190,371 0.94% 1,792 2022* 45,370,565 4,562 122,876,065 1.05% 1,842 2023 44,387,745 2,891 118,948,439 1.26% 1,796

City of Lynwood
Ratios of Outstanding Debt by Type (Continued)
Last Ten Fiscal Years
Schedule 14
Source: City of Lynwood Finance Department
223 291
This page intentionally left blank.
224 292
2022-23 Assessed Valuation: 4,334,505,962$
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2023 % Applicable (1) Debt 6/30/23 Metropolitan Water District $19,215,000 0.12% $22,866
Compton Community College District 104,371,964 15.936 16,632,716 Los Angeles Community College District 4,500,730,000 0.005 225,037 Compton Unified School District 225,715,148 0.708 1,598,063 Los Angeles Unified School District 10,704,725,000 0.007 749,331 Lynwood Unified School District 144,203,481 98.221 141,638,101 TOTAL GROSS OVERLAPPING TAX AND ASSESSMENT DEBT $160,866,114 Less: Los Angeles Unified School District General Obligation Bonds, Election of 2005, Series J & H Qualified School Construction Bonds: Amount accumulated in Interest and Sinking Fund and Set Aside for Repayment 15,768
TOTAL NET OVERLAPPING TAX AND ASSESSMENT DEBT $160,850,346 DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Los Angeles County General Fund Obligations $2,601,551,282 0.23% $5,957,552 Los Angeles County Superintendent of Schools Certificates of Participation 3,403,487 0.229 7,794 Compton Unified School District Certificates of Participation 24,500,000 0.708 173,460 Los Angeles Unified School District Certificates of Participation 97,870,000 0.007 6,851 Lynwood Unified School District Certificates of Participation 15,350,000 98.221 15,076,924 City of Lynwood General Fund Obligations 40,207,575 100 40,207,575 Los Angeles County Sanitation District No. 1 Authority 503,041 11.069 55,682 TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT $61,485,838 OVERLAPPING TAX INCREMENT DEBT (Successor Agency): $23 ,605,000 100.00% $23 ,605,000 TOTAL DIRECT DEBT $40,207,575
TOTAL GROSS OVERLAPPING DEBT $205,749,377
TOTAL NET OVERLAPPING DEBT $205,733,609
GROSS COMBINED TOTAL DEBT $245,956,952
NET COMBINED TOTAL DEBT $245,941,184
Ratios to 2022-23 Assessed Valuation:

Total Gross Overlapping Tax and Assessment Debt 3.71%
Total Net Overlapping Tax and Assessment Debt 3.71%
Total Direct Debt ($40,207,575) 0.93%
Gross Combined Total Debt 5.67%
Net Combined Total Debt 5.67%
Ratios to Redevelopment Successor Agency Incremental Valuation ($1,312,082,034):

Total Overlapping Tax Increment Debt 1.80%
Source: Avenu Insights & Analytics
California Municipal Statistics, Inc.
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.

City of Lynwood
Direct and Overlapping Governmental Activities Debt
As of June 30, 2023
Schedule 15
Source: MuniServices
225 293
2014 2015 2016 2017 2018
Taxable Assessed Valuation 2,679,630,832$ 2,755,562,789$ 2,894,421,279$ 3,019,676,094$ 3,171,145,259$ Conversion percentage 25% 25% 25% 25% 25%
Adjusted assessed valuation 669,907,708.00$ 688,890,697.25$ 723,605,319.75$ 754,919,023.50$ 792,786,314.75$ Debt limit percentage 15% 15% 15% 15% 15%
Debt limit 100,486,156.20 $ 103,333,604.59$ 108,540,797.96$ 113,237,853.53$ 118,917,947.21$ limit: 0% 0% 0% 0% 0%
Legal debt margin 100,486,156.20$ 103,333,604.59$ 108,540,797.96$ 113,237,853.53$ 118,917,947.21$ Fiscal Year
City of Lynwood
Legal Debt Margin Information
Last Ten Fiscal Years
Schedule 16
Source: County of Los Angeles Department of Auditor-Contoller 226 294
2019 2020 2021 2022 2023
Taxable Assessed Valuation 3,486,379,849$ 3,580,385,304$ 3,832,313,266$ 4,087,332,066$ 4,294,319,812$ Conversion percentage 25% 25% 25% 25% 25%
Adjusted assessed valuation 871,594,962.25$ 895,096,326.00$ 958,078,316.50$ 1,021,833,016.50$ 1,073,579,953.00$ Debt limit percentage 15% 15% 15% 15% 15%
Debt limit 130,739,244.34 $ 134,264,448.90$ 143,711,747.48$ 153,274,952.48$ 161,036,992.95$ limit: 0% 0% 0% 0% 0%
Legal debt margin 130,739,244.34$ 134,264,448.90$ 143,711,747.48$ 153,274,952.48$ 161,036,992.95$ City of Lynwood
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years
Schedule 16
Fiscal Year
Source: County of Los Angeles Department of Auditor-Contoller 227 295
Debt Service
Fiscal
Year
Utility
Service
Charges
Less:

Operating
Expenses
Net
Available
Revenue Principal Interest
2013 10,425,555$ 8,811,081$ 1,614,474$ 380,000$ 1,012,936$ 2014 10,176,697$ 8,646,420$ 1,530,277$ 490,000$ 921,542$ 2015 10,298,091$ 8,843,081$ 1,455,010$ 505,000$ 902,233$ 2016 8,429,925$ 8,508,146$ (78,221)$ 505,000$ 902,233$ 2017 9,788,763$ 7,380,986$ 2,407,777$ 530,000$ 879,999$ 2018 11,994,596$ 7,330,103$ 4,664,493$ 13,780,000$ 1,339,416$ 2019 12,907,193$ 7,763,221$ 5,143,972$ 475,000$ 934,508$ 2020 13,841,865$ 8,963,264$ 4,878,601$ 495,000$ 919,757$ 2021 14,936,511$ 9,482,731$ 5,453,780$ 505,000$ 903,523$ 2022 15,038,510$ 13,316,117$ 1,722,393$ 965,000$ 1,621,611$ 2023 14,171,434$ 10,497,997$ 3,673,437$ 1,025,000$ 1,558,344$ Water Revenue Bonds
City of Lynwood
Pledge-Revenue Coverage
Last Ten Fiscal Years
Schedule 17
Source: City of Lynwood Finance
Department
228 296
Public Finance Authority
Revenue Bonds Tax Allocation Bonds Other Debt
Debt Service Debt Service Debt Service
Fiscal
Year Principal Interest Principal Interest Principal Interest 2013 575,000$ 651,554$ - $ - $ 396,217$ 287,591$ 2014 800,000$ 842,578$ - $ - $ 444,173$ 227,380$ 2015 830,000$ 805,656$ - $ - $ 40,179$ 2,891$ 2016 650,000$ 124,250$ - $ - $ 40,718$ 2,891$ 2017 685,000$ 561,475$ - $ - $ 40,719$ - $ 2018 678,452$ 713,666$ - $ - $ - $ -$ 2019 3,877,308$ 909,921 $ - $ - $ - $ 69,870$ 2020 9,401,366$ 1,119,759$ - $ - $ 1,860,000$ 753,043 $ 2021 862,307$ 1,664,728$ - $ - $ 1,735,000$ 874,309 $ 2022 690,994$ 1,769,908$ - $ - $ 1,855,000$ 755,561 $ 2023 1,458,854$ 1,952,944$ - $ - $ 2,025,932$ 727,200 $ * Due to the dissolution of the Lynwood Redevelopment Agency in 2012, all of the LRA's debt has been moved to the Successor Agency Private Purpose Trust Fund(Fiduciary Fund).

City of Lynwood
Pledge-Revenue Coverage (Continued)
Last Ten Fiscal Years
Schedule 17
Source: City of Lynwood Finance
Department
229 297
Calendar
Year Population (1)
Personal
Income
(thousands
of dollars)
Per
Capita
Personal
Income (2)
Public
School
Enrollment (3)
City
Unemployment
Rate (4)
2014 70,980 $888,428 $12,517 14,919 15.7% 2015 71,381 $891,135 $12,484 14,776 8.7% 2016 72,505 $927,182 $12,787 14,830 8.3% 2017 71,997 $964,934 $13,402 14,497 6.5% 2018 72,015 $1,026,549 $14,255 14,211 4.7% 2019 71,343 $1,072,686 $15,036 13,802 4.4% 2020 71,269 $1,114,531 $15,638 13,245 21.9% 2021 69,880 $1,179,542 $16,880 12,791 14.4% 2022 66,723 $1,293,674 $19,389 12,219 5.0% 2023 66,228 $1,497,746 $22,615 11,967 5.6% Source: MuniServices
(1) Population projections are provided by the California Department of Finance Projections. (2) Income Data is provided by the Census Bureau, 2010 American Community Survey. (3) Student Enrollment reflects the total number of students enrolled in the Lynwood Unified School District. Any other school districts within the City are not accounted for in the statistic. (4) Unemployment Data is provided by the EDD's Bureau of Labor Statistics Department City of Lynwood
Demographic and Economic Statistics
Last Ten Calendar Years
Schedule 18
230 298
Employer Employees Rank Employees Rank
St. Francis Medical Center 2,073 1 2,100 1
Lynwood Unified School District* 1,748 2 1,586 2
LA County Sheriff Department 250 3 301 3
California Post-Acute Care 216 4 128 8
PL Development (formerly Aaron Industries Inc.) 180 5 279 4 Eurostar Inc./WSS - Distribution Center 179 6 0
City of Lynwood 154 7 220 5
Granada Post Acute 143 8 0
Superior Warehouse Grocers Inc. 124 9 146 6
El Super 124 10 100 10
Country Villa Lynwood Health Center 0 130 7
Earle M. Jorgensen Company 0 118 9
Total 5,191 5,108
.

Source: Avenu Insights & Analytics
Source: 2014 prior published ACFR
Results based on direct correspondence with city's local businesses. *Includes classified, certificated and admin
(1) Total City Labor Force provided by EDD Labor Force Data. 2022-23 2013-14
City of Lynwood
Principal Employers
Current and Nine Years Ago
Schedule 19
Source: City of Lynwood Business License
231 299
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function/Program
General Government
City Council 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 City Clerk 4.0 4.0 4.0 3.5 2.5 3.5 1.5 2.0 2.0 1.0 City Treasurer 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 City Manager 5.0 4.0 4.0 7.0 4.5 8.0 6.0 5.0 6.0 6.0 Development Services 15.0 12.0 12.0 16.0 30.0 - - - - - Finance & Administration 19.0 15.5 15.5 14.5 17.0 15.0 13.0 10.5 10.0 11.0 Human Resources 4.0 5.0 5.0 4.0 5.0 6.0 5.5 3.5 5.0 4.0 Public Relations 15.5 13.0 13.0 13.5 - - - - - 1.0 Public Works 66.0 70.0 70.0 68.0 65.0 70.5 55.5 43.0 47.5 44.0 Parks and Recreation 52.5 52.5 52.5 49.5 57.5 61.0 37.5 18.0 30.1 27.1 Community Development 8.0 8.0 8.0 - - 30.0 25.5 24.0 21.5 25.0 Technology and media support - 6.0 5.0 6.0 5.0 4.0 3.0 3.0 3.0 3.0

Fiscal Year
City of Lynwood
Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
Schedule 20
Source: City of Lynwood Finance Department
232 300
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function / Program
General government
Building permits issued 1,157 828 1,008 959 1,144 571 921 852 816 1,103 Building inspections conducted 2,951 3,013 2,928 3,050 2,187 1,352 2,124 1,701 2,440 3,145 Sheriff
Physical arrests 3,075 2,383 2,294 3,178 2,334 3,036 2,775 1,684 1,645 1,482 Fire
Emergency responses 4,980 5,658 5,965 5,234 5,526 6,662 6,360 6,360 6,452 6,618 Fires extinguished 154 132 163 158 162 118 141 141 336 548 Inspections 1,606 1,313 1,016 1,354 1,621 1,247 502 502 766 666 Refuse collection
Refuse collected (tons per day) 129 144 142 138 91 116 114 116 114 111 Recyclables collected (tons per day) 39 49 60 62 46 16 18 23 26 28 Other public works
Potholes repaired 6,800 4,500 7,800 8,350 9,377 8,569 7,466 3,379 3,754 6,200 Water
Water main breaks - 2 15 3 7 7 7 2 - 5 Average daily consumption
(thousands of gallons) 5,178 5,009 5,164 5,164 4,289 4,588 4,561 3,591 4,515 4,096 Fiscal Year
City of Lynwood
Operating Indicators by Functions/Program
Last Ten Fiscal Years
Schedule 21
Source: City of Lynwood Finance Department
233 301
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function/Program
Sheriff
Stations 1 1 1 1 1 1 1 1 1 1 1 Zone offices - - - - - - - - - - - Patrol units 24 24 24 24 24 24 24 24 24 22 24 Fire Stations 2 2 2 2 2 2 2 2 2 2 2 Other public works
Streets (miles) 90 90 90 90 90 90 90 90 90 95 95 Streetlights 4,175 4,175 4,175 4,175 4,175 4,175 4,175 4,175 4,175 3,560 3,560 Parks and recreation
Acreage 41 41 41 41 41 41 41 41 46 46 46 Playgrounds 5 5 5 5 5 5 5 5 8 8 5 Baseball/softball diamonds 4 4 4 4 4 4 4 4 4 4 5 Soccer/football fields 3 3 3 3 3 3 3 3 3 3 3 Community Centers 4 4 4 4 4 4 4 4 4 4 4 Water
Water mains (miles) 90 90 90 90 90 90 90 90 90 90 90 Fire hydrants 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 Storage capacity (thousands of gallons) 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 Wastewater
Sanitary sewers (miles) 82 82 82 82 82 82 82 82 82 82 82 Storm sewers (miles) 2 2 2 2 2 2 2 2 2 2 2 City of Lynwood
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
Schedule 22
Fiscal Year
Source: City of Lynwood Finance Department
234 302

AGENDA STAFF REPORT

DATE:

April 16, 2024
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Ernie Hernandez, City Manager
SUBJECT:

CITY COUNCIL SUPPORT AND CO-SPONSOR THE MAY 13TH, 2024, MOTHER’S DAY EVENT, “!GRACIAS MAMA!”, HELD IN THE CITY OF LYNWOOD AND CO-SPONSORED BY “MAYRA BERENICE EN VIVO”
Agenda Item # 9.5.

Recommendation:

Staff recommends the City Council support and co-sponsor the May 13 th
, 2024, Mother’s Day
Event, “!Gracias Mama!”, held in the City of Lynwood and co-sponsored by “Mayra Berenice En Vivo”.

Background:

Discussion and Analysis:

The “Mayra Berenice En Vivo” group approached the City of Lynwood about co-hosting a Mother’s Day event where patrons from Lynwood and the region will be invited for a celebration of Mother’s Day to include make overs, raffles, live music and related events. The event is scheduled to start at 2 PM and will conclude at 6 PM on May 13, 2024. The City wishes to participate by providing assistance in the form of public outreach and use of City facilities to assist in the efforts for a successful event for the community. Committed private sponsors include Don Roberto’s Jewelry, Remitly, and Honey’s Flowers.

Fiscal Impact:

City Council City Council Regular Meeting 303
Corresponding costs are budgeted in the City Council activities budget.

Coordinated With:

City Council City Council Regular Meeting 304

AGENDA STAFF REPORT

DATE:

April 16, 2024
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Peter Han, Director of Technology Services
SUBJECT:

AMENDMENT TO CONTRACT WITH TYLER TECHNOLOGIES - EDEN

DIVISION - TO EXTEND ANNUAL MAINTENANCE AGREEMENT FOR

CITY'S FINANCIAL MANAGEMENT SYSTEM
Agenda Item # 9.6.

Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled; “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE

MAYOR OR DESIGNEE TO EXECUTE, IN A FORM SATISFACTORY TO THE CITY

ATTORNEY, A SIXTH AMENDMENT TO THE CONSULTING SERVICES WITH TYLER

TECHNOLOGIES - EDEN DIVISION - TO EXTEND ANNUAL MAINTENANCE AGREEMENT FOR CITY'S FINANCIAL MANAGEMENT SYSTEM THROUGH FISCAL YEAR 2024-26 WITH AN OPTION TO RENEW FOR FISCAL YEAR 2026-27”.

Background:

On July 19, 2006, the City and Consultant entered into an agreement for the maintenance agreement for the City's
financial management system. The City Council has renewed this service agreement with Tyler Technologies since Council's authorization to purchase the financial management system in 2006.

On July 5, 2022, Council authorized a fifth amendment to the City's contract with Tyler Technologies to extend the annual maintenance agreement from FY2022-24.

On September 15, 2020, Council authorized a fourth amendment to the City's contract with Tyler Technologies to extend the annual maintenance agreement from FY2021-22.

The annual maintenance agreement provides the City with technical support for all modules being utilized by the City as shown below:

City Council City Council Regular Meeting 305

General Ledger
Accounts
Payable
Purchasing
Account Receivable
Human Resources
Web Portal
Fixed Assets
Contract Management
Position Budgeting
Utility Billing
Web Portal
Handheld Devices
Tyler Cashiering for Utility Billing Payroll Permits and Inspections Parcel Manager
Requisitions

Staff uses this service regularly for issues that arise in the daily course of business. Without this annual maintenance agreement and access to professional support services, many business processes such as Core Financials, Permits, and Utility Billing could be severely impacted without this valuable resource.

The cost details for the annual maintenance agreement are shown below:

Fiscal Year
Annual Maintenance Fee

2011
$32,211
2012
$35,460
2013
$37,268
2014
$38,442
2015
$39,692
2016
$40,983
2017
$34,770
2018
$40,652
2019
$29,399
2020
$36,336
2021
$40,965 + $32,495 for Executime
2022
$43,000 + $15,695 for Executime
2023
$43,460 + $15,695 for Executime
2024
$44,764 + $15,695 for Executime
2025
$45,000 + $16,000 for Executime (estimated)
2026
$46,000 + $16,000 for Executime (estimated)
2027
$46,500 + $16,000 for Executime (estimated)

Discussion and Analysis:

City Council City Council Regular Meeting 306
Sixth Amendment to Tyler Technologies Agreement.doc
Resolution - Tyler_FY24-26_and_FY26-27_Sixth_amendment.doc The City’s financial management system is a critical operations necessity. In order to have access to professional support services for Fiscal Year 2024-26 and optionally Fiscal Year 2026-27, staff requests Council authorization of this item.

Pursuant to Section X of the City's Contracting and Purchasing Policy and Procedures amended on April 10, 2023, an exception to proceed with the Sixth Amendment are twofold:

1. Contract amendment pursuant to the negotiated options/extensions embedded within the original agreement.

2. When the supplies, equipment, services or contracts could be obtained from only one source.

Significant investment and time to tailor the financial management system to the City’s needs was made over the years. Transitioning to another platform will require preparation, time, and further investment. The City is preparing for this by Fiscal Year 2027 due to the reason below.

Tyler Technologies informed the City that they will be phasing out Eden software. The sunset date is March 1, 2027. That means no updates or patches will be made, and no customer services support to our software after that date. Selection and migration to a new platform and user training would take about two years or more to complete. As a result, City submitted a RFP on 04/09/2024 for a similar Enterprise Resource Planning (ERP) system to replace the existing Tyler Eden system. Finance will work with all departments, including the CM’s office and IT, to go through the ERP bidders’ ranking and selection, and to make a recommendation to Council at a later date.

Fiscal Impact:

Funding for the annual maintenance agreement was budgeted for FY 2024-25 and will be budgeted for FY 2025-27.

Funding sources for FY2024-25:
6051.65.290.62015 $33,360 Professional and Contractual Services 1011.65.290.62015 $47,040 Professional and Contractual Services Coordinated With:

City Attorney’s Office
Finance Department
ATTACHMENTS:

Description
City Council City Council Regular Meeting 307

SIXTH AMENDMENT TO TYER TECHNOLOGIES PROFESSIONAL SERVICES AGREEMENT TO EXTEND ANNUAL MAINTENANCE AGREEMENT FOR CITY’S FINANCIAL MANAGEMENT SYSTEM This Sixth Amendment to the Tyler Technologies professional services agreement (“Sixth Amendment”) is made this day of 2024 by and between Tyler Technologies, Inc. with offices at One Tyler Drive, Yarmouth, Maine 04096 (“Tyler”) and the City of Lynwood with offices at 11330 Bullis Road, Lynwood, California 90262 (“Client”).

WHEREAS, Tyler and Client are parties to an agreement dated July 19, 2006 (“Agreement”); and WHEREAS, Tyler and Client desire to extend the term of the Agreement; NOW THEREFORE, in consideration of the mutual promises hereinafter contained, Tyler and Client agree as follows:

1. In exchange for maintenance and support fees already remitted by client as of the execution date of this Sixth Amendment, Tyler shall provide maintenance services to Client, as specified in the Agreement and the support call process attached hereto as Exhibit 1, during the period 7/1/24 to 6/30/26. Client may extend the term of service for an additional year (7/1/26-6/30/27) upon notice to Tyler and payment of the applicable annual fees for such period.

2. This Sixth Amendment shall be governed by and construed in accordance with the terms and conditions of the Agreement.

3. All other terms and conditions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment as of the dates set forth below.

Tyler Technologies, Inc. City of Lynwood
By: By:

Name: Name:

Title: Title:

Date: Date:
308
Exhibit 1
Support Call Process
Support Channels
Tyler Technologies, Inc. provides the following channels of software support:
(1) Tyler Community – an on-line resource, Tyler Community provides a venue for all Tyler clients with current maintenance agreements to collaborate with one another, share best practices and resources, and access documentation.
(2) On-line submission (portal) – for less urgent and functionality-based questions, users may create unlimited support incidents through the customer relationship management portal available at the Tyler Technologies website.
(3) Email – for less urgent situations, users may submit unlimited emails directly to the software support group. (4) Telephone – for urgent or complex questions, users receive toll-free, unlimited telephone software support.

Support Resources
A number of additional resources are available to provide a comprehensive and complete support experience:
(1) Tyler Website – www.tylertech.com – for accessing client tools and other information including support contact information.
(2) Tyler Community – available through login, Tyler Community provides a venue for clients to support one another and share best practices and resources.
(3) Knowledgebase – A fully searchable depository of thousands of documents related to procedures, best practices, release information, and job aides.
(4) Program Updates – where development activity is made available for client consumption Support Availability
Tyler Technologies support is available during the local business hours of 8 AM to 5 PM (Monday – Friday) across four US time zones (Pacific, Mountain, Central and Eastern). Clients may receive coverage across these time zones.

Tyler’s holiday schedule is outlined below. There will be no support coverage on these days.

New Year’s Day Thanksgiving Day
Memorial Day Day after Thanksgiving
Independence Day Christmas Day
Labor Day
Issue Handling
Incident Tracking
Every support incident is logged into Tyler’s Customer Relationship Management System and given a unique incident number. This system tracks the history of each incident. The incident tracking number is used to track and reference open issues when clients contact support. Clients may track incidents, using the incident number, through the portal at Tyler’s website or by calling software support directly.

Incident Priority
Each incident is assigned a priority number, which corresponds to the client’s needs and deadlines. The client is responsible for reasonably setting the priority of the incident per the chart below. This chart is not intended to address every type of support incident, and certain “characteristics” may or may not apply depending on whether the Tyler software has been deployed on customer infrastructure or the Tyler cloud. The goal is to help guide the client towards clearly understanding and communicating the importance of the issue and to describe generally expected responses and resolutions.

Priority
Level Characteristics of Support Incident Resolution Targets 309
Priority
Level Characteristics of Support Incident Resolution Targets 1 Critical
Support incident that causes (a) complete
application failure or application
unavailability; (b) application failure or
unavailability in one or more of the client’s
remote location; or (c) systemic loss of
multiple essential system functions.

Tyler shall provide an initial response to Priority Level 1 incidents within one (1) business hour of receipt of the support incident. Tyler shall use commercially reasonable efforts to resolve such support incidents or provide a
circumvention procedure within one (1) business day. For non-hosted customers, Tyler’s responsibility for lost or corrupted data is limited to assisting the client in restoring its last available database.
2 High
Support incident that causes (a) repeated,
consistent failure of essential functionality
affecting more than one user or (b) loss or
corruption of data.

Tyler shall provide an initial response to Priority Level 2 incidents within four (4) business hours of receipt of the support incident. Tyler shall use commercially reasonable efforts to resolve such support incidents or provide a
circumvention procedure within ten (10) business days. For non-hosted customers, Tyler’s responsibility for loss or corrupted data is limited to assisting the client in restoring its last available database.
3 Medium
Priority Level 1 incident with an existing
circumvention procedure, or a Priority
Level 2 incident that affects only one user
or for which there is an existing
circumvention procedure.

Tyler shall provide an initial response to Priority Level 3 incidents within one (1) business day of receipt of the support incident. Tyler shall use commercially reasonable efforts to resolve such support incidents without the need for a circumvention procedure with the next published
maintenance update or service pack. For non-hosted
customers, Tyler’s responsibility for lost or corrupted data is limited to assisting the client in restoring its last available database.
4 Non-
critical
Support incident that causes failure of non-
essential functionality or a cosmetic or
other issue that does not qualify as any
other Priority Level.

Tyler shall provide an initial response to Priority Level 4 incidents within two (2) business days. Tyler shall use commercially reasonable efforts to resolve such support incidents, as well as cosmetic issues, with a future version release.

Incident Escalation
Tyler Technology’s software support consists of four levels of personnel:
(1) Level 1: front-line representatives
(2) Level 2: more senior in their support role, they assist front-line representatives and take on escalated issues (3) Level 3: assist in incident escalations and specialized client issues (4) Level 4: responsible for the management of support teams for either a single product or a product group If a client feels they are not receiving the service needed, they may contact the appropriate Software Support Manager.

After receiving the incident tracking number, the manager will follow up on the open issue and determine the necessary action to meet the client’s needs.

On occasion, the priority or immediacy of a software support incident may change after initiation. Tyler encourages clients to communicate the level of urgency or priority of software support issues so that we can respond appropriately.

A software support incident can be escalated by any of the following methods:
(1) Telephone – for immediate response, call toll-free to either escalate an incident’s priority or to escalate an issue through management channels as described above.
(2) Email – clients can send an email to software support in order to escalate the priority of an issue 310
(3) On-line Support Incident Portal – clients can also escalate the priority of an issue by logging into the client incident portal and referencing the appropriate incident tracking number.

Remote Support Tool
Some support calls require further analysis of the client’s database, process or setup to diagnose a problem or to assist with a question. Tyler will, at its discretion, use an industry-standard remote support tool. Support is able to quickly connect to the client’s desktop and view the site’s setup, diagnose problems, or assist with screen navigation. More information about the remote support tool Tyler uses is available upon request. 311
RESOLUTION NO. __________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD

AUTHORIZING THE MAYOR OR DESIGNEE TO EXECUTE, IN A FORM

SATISFACTORY TO THE CITY ATTORNEY, A SIXTH AMENDMENT TO THE

CONSULTING SERVICES WITH TYLER TECHNOLOGIES - EDEN DIVISION - TO

EXTEND ANNUAL MAINTENANCE AGREEMENT FOR CITY'S FINANCIAL MANAGEMENT SYSTEM THROUGH FISCAL YEAR 2024-26 WITH AN OPTION TO RENEW FOR FISCAL YEAR 2026-27
WHEREAS, on July 19, 2006, the City and Consultant entered into an agreement for the maintenance agreement for the City’s financial management system; and
WHEREAS, the City Council has renewed this service agreement with Tyler Technologies since Council's authorization to purchase the financial management system in 2006; and
WHEREAS, on July 5, 2022, Council authorized a fifth amendment to the City's contract with Tyler Technologies to extend the annual maintenance agreement from FY2022-24; and
WHEREAS, on September 15, 2020, Council amended the City's contract with Tyler Technologies to extend the annual maintenance agreement from FY2020-21 to FY2021-22; and
WHEREAS, on May 2, 2006, Council authorized the purchase and maintenance agreement with Eden Tyler Technologies for a comprehensive financial management system; and
WHEREAS, the annual maintenance agreement provides the City with technical support for all modules being utilized by the City; and WHEREAS, staff uses this service regularly for issues that arise in the daily course of business; and
WHEREAS, without this annual maintenance agreement and access to professional support services, many business processes such as Core Financials, Permits, and Utility Billing could be severely impacted without this valuable resource; and
WHEREAS, the City’s financial management system is a critical business necessity and staff requests Council authorization to amend the contract with Tyler Technologies – Eden Division – to extend annual maintenance agreement through Fiscal Year 2024-26 with an option to renew for Fiscal Year 2026-27; and
312
2 WHEREAS, pursuant to Section X of the City's Contracting and Purchasing Policy and Procedures amended on April 10, 2023, an exception to proceed with the Sixth Amendment are twofold:
 Contract amendment pursuant to the negotiated options/extensions embedded within the original agreement.
 When the supplies, equipment, services or contracts could be obtained from only one source.

Lynwood City CouncilApril 16, 2024

Lynwood City Council
April 16, 2024