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FINANCIAL_SERVICESONGOING

City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026

City Holds $32.4 Million in California CLASS Prime Fund

$32,417,090.51 (balance as of March 31, 2026)City of HemetCALIFORNIA CLASSApril 23, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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IANS Research logo

Description

The City of Hemet continues to invest $32.4 million in the California CLASS Prime Fund as of March 31, 2026, earning an average monthly yield of about 3.70%. This confirms ongoing use of California CLASS as a local government investment pool for City funds.

Contract Details

Contract Amount

$32,417,090.51 (balance as of March 31, 2026)

Vendor

CALIFORNIA CLASS

Agency

City of Hemet, CA

Contract Type

FINANCIAL_SERVICES

Document Date

April 23, 2026

Renewal Info

Open-ended pooled investment; balance and participation are maintained unless the City reallocates funds.

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