Oklahoma CLASS investment review
City of McAlesterOklahoma- Detected
- Jul 16, 2026
- 109 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
The Audit and Finance Advisory Committee is scheduled to hear a presentation from Oklahoma CLASS on investment options for the City’s pooled cash and reserves. As of June 30, 2026, pooled cash totals $27.4 million, and the Emergency Fund is $900,000 below the state‑mandated minimum. The City is clearly evaluating how and where to invest idle funds. Investment managers and treasury technology vendors should explore options to improve safety, liquidity, and yield while helping the City restore its Emergency Fund balance.
Emergency Fund must be brought up by $900,000 to meet Oklahoma’s 10% operating budget requirement, creating pressure to optimize investments and reserves policy.
From the meeting
- Meeting date
- July 16, 2026
- Agency
- City of McAlester
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When will City of McAlester issue an RFP for this project?
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