City of Hemet Investment Oversight Committee Meeting Agenda Packet April 2026
City Earns Interest on $1.49 Million LAIF Balance
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Description
The City of Hemet maintains approximately $1.49 million in the State of California's Local Agency Investment Fund as of March 31, 2026 and earned $14,552 in interest for the quarter. This reflects ongoing participation in the state-run investment pool.
Contract Details
Contract Amount
$1,488,196.54 (principal balance as of March 31, 2026); $14,552 quarterly interest earned
Vendor
LOCAL AGENCY INVESTMENT FUND
Agency
City of Hemet, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Renewal Info
State-run investment pool with continuous participation; funds remain until withdrawn by the City.
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