City of Sonoma Council Meeting Agenda May 2026
City Maintains Investments in State LAIF Pool
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Description
The City of Sonoma continues to invest surplus funds in the State of California Local Agency Investment Fund, holding approximately $18 million there as of March 31, 2026. LAIF provides pooled investment and liquidity management services for the City’s cash balances.
Contract Details
Vendor
STATE OF CA LOCAL AGENCY INVESTMENT FUND
Agency
City of Sonoma, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Ongoing participation as of March 31, 2026
Renewal Info
Participation in LAIF is open-ended and governed by state program rules; no specific renewal date is identified.
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