City Holds $32.4 Million in California CLASS Prime Fund
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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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City of Hemet Planning Commission Agenda May 5, 2026
City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026
City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026
City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026
City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026
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