FINANCIAL_SERVICESONGOING

City Holds $11.6M in State LAIF Investments

Ridgecrest continues to invest surplus funds in the State of California's Local Agency Investment Fund, holding about $11.65 million at a 3.98% rate. These pooled investments comprise roughly 14% of the City's overall investment portfolio.

Status
ONGOING
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Local Agency Investment Funds
Agency
City of Ridgecrest · CA

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

Scope & details

The full contract record, as filed.

Contract amount
$11,645,685 (total LAIF investment across City of Ridgecrest, Assessment District, and Successor Agency accounts)
Contract type
FINANCIAL_SERVICES
Contract term
Pooled investment fund; funds available on demand; maturity N/A
Renewal
Participation in the state-run LAIF program is ongoing and can be increased or reduced at the City’s discretion; no fixed renewal date.
Document type
Agenda
Source document
City of Ridgecrest Finance Committee Agenda 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Ridgecrest?

Local Agency Investment Funds was awarded this financial services contract by City of Ridgecrest, as recorded on July 13, 2026. The contract value is $11,645,685 (total LAIF investment across City of Ridgecrest, Assessment District, and Successor Agency accounts).

How much is the Local Agency Investment Funds contract with City of Ridgecrest worth?

The Local Agency Investment Funds contract with City of Ridgecrest is valued at $11,645,685 (total LAIF investment across City of Ridgecrest, Assessment District, and Successor Agency accounts), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Ridgecrest Finance Committee Agenda 2026-07-14 (Agenda), dated July 13, 2026 from City of Ridgecrest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Local Agency Investment Funds hold?

Local Agency Investment Funds may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Local Agency Investment Funds's profile

What is City of Ridgecrest currently buying?

Explore City of Ridgecrest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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