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Altus approves joining Oklahoma CLASS investment pool to broaden municipal investment options
Summary
The City of Altus adopted Resolution 2025-19 to enter an interlocal agreement establishing participation in the Oklahoma CLASS government investment pool, authorizing the city to place liquid funds into the pooled investment vehicle to increase buying power while maintaining same-day liquidity.
The Altus City Council on June 17, 2025, voted to adopt Resolution 2025-19, authorizing the city to enter an interlocal agreement to participate in Oklahoma CLASS, a statewide government investment pool that allows municipalities to combine funds for broader investment access while maintaining liquid access to cash.
Council discussion and a staff presentation described Oklahoma CLASS as a pooled investment vehicle used by other Oklahoma cities, including Oklahoma City and Tulsa, that invests in securities and other instruments while preserving liquidity so participants may withdraw funds quickly. A staff speaker told the council the pool increases the city’s “buying power” for investment purposes while keeping money available the same day or the next day, in contrast to longer-term securities the city holds in other investment accounts.
The council moved and seconded the resolution and recorded unanimous assent in the roll-call vote. Councilmembers recorded as voting yes in the transcript included Councilmember Austin Leverett; Councilmember Malcolm Dash; Councilmember Reister; Councilmember Roberta Brady; Councilmember Sally Maines; Councilmember Joel Jinx; Councilmember Jonathan Bergmark; Councilmember Cody Nelson; and Councilmember Robert Garrison.
The transcript records no dollar amounts being transferred into Oklahoma CLASS at the meeting; the resolution authorizes the city to enter the interlocal agreement and participate in the pool according to standard procedures.
City staff framed the pool as an additional investment tool to complement existing city investments, emphasizing liquidity and scale as the principal benefits.
