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Adoption of the Resolution Authorizing the Investment of Monies into California Class <br />Prime Fund <br />July 18, 2023 <br />Page 2 <br />recommends adopting a resolution authorizing the investment of monies in the <br />California CLASS Prime Fund. <br />FISCAL IMPACT <br />There is no measurable fiscal impact associated with the recommendation. The <br />diversification of the City's investments would further enhance the safety and liquidity of <br />its investment portfolio. <br />EXHIBIT(S) <br />1. Resolution <br />2. California CLASS informational material <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager <br />