What is FLCLASS?

General Information

The Florida Cooperative Liquid Assets Securities System (FLCLASS) is an independent local government investment pool designed to provide a safe and competitive investment alternative to Florida governmental entities.

Who Can Participate?

FLCLASS is open to all political subdivisions, instrumentalities of political subdivisions, and state agencies in the state of Florida including counties, cities, towns, villages, school districts, special districts, and other public entities. The management of FLCLASS is under the direction of a Board of Trustees comprised of eligible Participants of the FLCLASS program.

FLCLASS has four general objectives:

  1. Safety
    • FLCLASS strives to minimize risk by managing the portfolio in a manner that emphasizes the preservation of principal while maintaining a stable net asset value.
  2. Liquidity
    • FLCLASS provides daily liquidity to Participants of the program. Portfolio maturity and duration parameters are established to provide for the liquidity needs of the Participants.
  3. Transparency
    • FLCLASS provides transparency by allowing Participants to efficiently obtain portfolio and account information and offers dedicated client service support with an easy-to-use technology platform.
  4. Competitive Returns
    • The goal of FLCLASS is to provide competitive returns for its Participants while adhering to the primary objectives of safety and liquidity. The FLCLASS investment policy and guidelines establish the policies, procedures, and strategies to assure that these objectives are met.

FLCLASS is rated ‘AAAm’ by S&P Global Ratings Services, the highest rating assigned to principal stability government investment pools. This rating reflects the conservative nature of the pool’s investments as well as the excellent credit quality of the program. S&P Global Ratings monitors the pool on a weekly basis.

The Board of Trustees has appointed Public Trust Advisors, LLC, to serve as the Investment Advisor and Administrator of the Program and has appointed Wells Fargo Bank, N.A. as the Custodian.

Take Your First Step Towards Investing in FLCLASS!

Learn more about investing public funds on behalf of your governmental entity. We encourage you to try out our Investment Calculator and see how much your investments could have earned if you had already started your investment journey with FLCLASS. Let us help by providing a quality investment option for your governmental entity!

Investment Calculator

 


A ‘AAAm’ rating by S&P Global Ratings is obtained after S&P evaluates a number of factors including credit quality, market price exposure, and management. Ratings are subject to change and do not remove credit risk.

General Questions

  • Who oversees FLCLASS?

  • FLCLASS is supervised by a Board of Trustees comprised of eligible Participants of the FLCLASS program. The Board of Trustees supervises FLCLASS and its affairs and acts as the liaison between the Participants, the Custodian, and the Program Administrator. The Board administers the affairs of FLCLASS and enters into contracts and agreements on behalf to the Program in order to effectuate the terms of the Interlocal Agreement. It also selects the Program Administrator, Investment Advisor, and the Custodian, subject to the terms of the Interlocal Agreement.

  • Who is eligible to use FLCLASS?

  • Participation in FLCLASS is available to all political subdivisions, instrumentalities of political subdivisions, and state agencies in the state of Florida including counties, cities, towns, villages, school districts, special districts, and other public entities.