Laserfiche WebLink
Exhibit 2 <br />What is California CLASS? <br />California Cooperative Liquid Assets Securities System (California <br />CLASS) is a joint exercise of powers entity authorized under <br />Section 6509.7, California Government Code. California CLASS is <br />a pooled investment option that was created via a joint exercise of <br />powers agreement by and among California public agencies. <br />California CLASS offers public agencies a convenient method for <br />investing in highly liquid, investment -grade securities carefully <br />selected to optimize interest earnings while maximizing safety <br />and liquidity. The California CLASS Prime and Enhanced Cash <br />funds offer public agencies the opportunity to strengthen and <br />diversify their cash management programs in accordance with the <br />safety, liquidity, and yield hierarchy that provides the framework <br />for the investment of public funds. <br />How is it governed and managed? <br />California CLASS is overseen and governed by a Board of <br />Trustees. The Board is made up of public agency finance <br />professionals who participate in California CLASS and are <br />members of the Joint Powers Authority (JPA). The Board of <br />Trustees has entered into an Investment Advisor and <br />Administrator Agreement with Public Trust Advisors, LLC. Public <br />Trust is responsible to the Board for all program investment and <br />administrative activities as well as many of the services provided <br />on behalf of the Participants. <br />How can we participate? <br />Enrolling in California CLASS is simple. Public agencies may <br />become Participants simply by filling out the Participant <br />Registration Form that can be found in the document center on <br />the California CLASS website. Public agencies may submit the <br />completed registration packet to California CLASS Client Services <br />for processing at clientservices@californiaclass.com. To obtain <br />account forms and fund documents, visit <br />www.californiaclass.com/document-center/. <br />Endorsed By: <br />11 %LEAGUE of <br />CALIFORNIA California Special <br />CITIES Districts Association <br />4W N ©M 0 Districts Stronger Together <br />www.calcities.org www.csda.net <br />T (877) 930-5213 1 F (877) 930-5241 1 www.californiaclass.com I clientservicesCa)californiaclass.com <br />