City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026
City Holds $14.8 Million in Wells Fargo Money Market
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Description
The City of Hemet maintains a $14.8 million balance in a Wells Fargo Money Market account as of March 31, 2026, earning a 3.59% yield. This demonstrates ongoing use of Wells Fargo for banking and cash management services.
Contract Details
Contract Amount
$14,838,544.88 (money market balance as of March 31, 2026)
Vendor
WELLS FARGO
Agency
City of Hemet, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Renewal Info
Ongoing depository and money market relationship; balance and terms may change as the City transfers funds.
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