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Finance committee reviews California CLASS investment pool introduction
Summary
The Hidden Valley Lake Finance Committee received an introductory presentation from California CLASS on a joint‑powers investment pool for public agencies and agreed to forward a recommendation to the full Board for consideration.
The Hidden Valley Lake Community Services District Finance Committee reviewed an introductory presentation on Feb. 11, 2026, from California CLASS, a joint‑powers investment pool that serves public agencies.
Crystal Lynn of California CLASS presented the program’s objectives, participation options and general structure to committee members. The presentation outlined how public agencies can invest surplus cash through a pooled vehicle overseen by a joint powers authority and described participation mechanics and risk‑management objectives.
Committee members discussed the presentation and asked staff clarifying questions. No formal committee approval was recorded; the committee agreed it would make a recommendation to the District Board for the Board’s consideration.
The Board’s eventual decision will determine whether the District pursues participation in California CLASS; staff were asked to prepare any follow‑up materials the Board requests.
