Prime-style local government investment pool 

Enhanced cash local government investment pool 

A comprehensive introduction to the different FLCLASS portfolios 
Get to know our diverse and experienced public finance officials who oversee the program
Our administrator, auditor, custodian, and legal counsel
Current and historical rate information 
Enrollment documents, prospectuses, and financials 
Updates, newsletters, and special reports
Upcoming Board meetings, holidays, events, and conferences
Answers to commonly asked questions about FLCLASS
Assistance with your accounts and answers to your FLCLASS questions
Contact our investment professionals who can provide you with information about the program 

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Questions & Answers

FLCLASS Enhanced Cash

  • Is there a maximum number of transactions?

  • No, there is no limit to the number of transactions a Participant may execute with FLCLASS Enhanced Cash.

  • How can I become a FLCLASS Enhanced Cash Participant?

  • Current FLCLASS Participants simply need to complete the Enhanced Cash Registration Form in order to begin investing.

    Local governments looking to invest in any of the FLCLASS portfolios will first need to complete the FLCLASS Registration Packet. For more information, please contact the FLCLASS Relationship Team to receive the necessary paperwork to get started.

  • How do I make transactions?

  • To invest in FLCLASS Enhanced Cash, FLCLASS Participants can enter contributions through the Online Participant Portal. Withdrawals are available five business days after the request is made through the online portal. With Enhanced Cash, investments continue to accrue interest during the five-day redemption period.

  • Will I see my FLCLASS Enhanced Cash account when I log in to the online portal?

  • Yes, you will see your FLCLASS Enhanced Cash account alongside your FLCLASS account. You may also view any reports, such as monthly statements, that are associated with your FLCLASS Enhanced Cash account in the Documents section under the Accounts tab.

  • Is there a minimum dollar amount required for a FLCLASS Enhanced Cash investment?

  • No, there is no minimum initial investment or ongoing minimum account balance to participate.

  • Does Board oversight differ between FLCLASS and FLCLASS Enhanced Cash?

  • No, the FLCLASS Board of Trustees administers and oversees all investment portfolios offered by FLCLASS now and in the future.

  • Does FLCLASS Enhanced Cash seek to maintain a stable $1.00 net asset value (NAV)?

  • Enhanced Cash will be a variable NAV fund managed to approximate a $10.00 transactional share price, calculating and publishing a fair value NAV on a daily basis. The FLCLASS Enhanced Cash portfolio has designated a $10.00 transactional share price in order to clearly differentiate the portfolio from a traditional $1.00 stable NAV fund. While $0.50 and $2.00 are examples of other variable NAV strike prices, a $10.00 per share NAV is one of the most commonly used strike prices for variable NAV funds.

  • Which of my funds are best suited for investment with FLCLASS Enhanced Cash?

  • FLCLASS Enhanced Cash offers weekly liquidity and is best suited for funds not needed on a frequent or near-term basis. FLCLASS Enhanced Cash is designed to complement the daily liquidity offered by the FLCLASS portfolio.

  • What types of securities are purchased for FLCLASS Enhanced Cash?

  • All investments made on behalf of FLCLASS Enhanced Cash will comply with the provisions of the FLCLASS Enhanced Cash Investment Policy and Florida law relating to the investment of public funds; investment funds may only be invested in a manner that is permitted pursuant to Florida’s Investment of Local Government Surplus Funds Act, Chapter 218, Part IV and the Florida Interlocal Cooperation Act of 1969. For a complete list of eligible investments for FLCLASS Enhanced Cash, please contact the FLCLASS Relationship Team.

  • Is FLCLASS Enhanced Cash rated?

  • Yes, the FLCLASS Enhanced Cash portfolio is rated ‘AAAf/S1’ by FitchRatings.

    The ‘AAAf’ rating is Fitch’s opinion on the overall credit profile within a fixed-income fund/portfolio and indicates the highest underlying credit quality of the pool’s investments. The ‘S1’ volatility rating is Fitch’s opinion on the relative sensitivity of a portfolio’s total return and/or net asset value to assumed changes in credit spreads and interest rates. The ‘S1’ volatility rating indicates that the fund possesses a low sensitivity to market risks. For a full description of rating methodology, please visit www.fitchratings.com. Ratings are subject to change and do not remove credit risk.

  • What are the investment objectives of FLCLASS Enhanced Cash?

  • The general objective of FLCLASS Enhanced Cash is to obtain an increased level of investment income while preserving capital and offering weekly liquidity to its Participants. The Enhanced Cash pool will invest in high-quality, short-term fixed-income investments authorized by Florida Statutes. The Enhanced Cash pool is structured to provide an investment vehicle for participants who wish to invest monies not needed for daily liquidity.

FLCLASS Online Transaction Portal

  • When are wires sent from my account when I request a withdrawal?

  • Wires are sent every hour with the final distribution taking place shortly after the close of the fund at 3:00 p.m. ET; distribution times are subject to change as needed by the FLCLASS Administrator.

  • Can I share my online account with another person at my entity?

  • No; for your security, everyone will be required to have their own online user account that is tied to a unique email address. We do not allow multiple contacts to use the same email address.

  • How do I update the phone number used for two-factor authentication via text message?

  • Once logged in, Participants can update their phone number by selecting My Account in the upper right-hand corner of the portal.

  • How does an existing FLCLASS Participant change or update their login credentials?

  • Participants can change their passwords by visiting the FLCLASS Online Transaction Portal and following the instructions for resetting your password. Once logged in, Participants can also update their password by selecting My Account in the upper right-hand corner. Usernames cannot be changed. Should you run into difficulties, the Client Service team is happy to assist.

  • How quickly can I expect to receive login credentials?

  • In most cases, login credentials will be distributed on the same day as requested; otherwise, credentials will be available on the following business day.

  • How does a new FLCLASS Participant receive login credentials?

  • All Participants will receive login credentials upon the establishment of their account via email. If you do not currently have online credentials, please reach out to Client Services at (844) 220-7600 or email clientservices@flclass.com.

  • What about reporting features?

  • Reporting features available in the FLCLASS Online Transaction Portal include access to monthly statements, transaction confirmations, and details highlighting past, present, and future dated transactions

  • What functions can the FLCLASS Online Transaction Portal perform?

  • The FLCLASS Online Transaction Portal allows Participants to make contributions, withdrawals, and transfers between subaccounts as well as to other approved FLCLASS Participants. Users can pre-date important transactions, ensuring that they are handled reliably and avoiding unfortunate timing issues or cash access emergencies. The portal also allows for dual approval of transactions.

  • What is the FLCLASS Online Transaction Portal?

  • The FLCLASS Online Transaction Portal is a secure, Internet-based transaction system that allows registered FLCLASS Participants to self-manage their FLCLASS investments. The portal is available 24/7, 365 days a year

  • How are the FLCLASS monthly statements delivered?

  • To download your FLCLASS statements, please go to the Accounts Menu in the portal. From there, please navigate to the Documents Section. Statements are not emailed for the security of the FLCLASS Participants’ account information.

General Questions

  • How can I submit an audit confirmation to FLCLASS?

  • Please email your audit confirmation to clientservices@flclass.com and provide either a fax number or email for receipt. FLCLASS is also accessible on www.confirmation.com and will receive notification of your audit confirmation on the platform.

    Audit confirmations sent via USPS may experience a significant delay, so we strongly encourage email confirmations.

  • Does FLCLASS have a policy against providing a copy of the daily investment holdings report?

  • No, FLCLASS does not have a policy against providing a copy of the daily investment holdings. If a Participant requests a copy of the investment holdings report, we will provide a copy. The investment holdings report shows the investment positions for that day.

  • How can an eligible entity Participate in FLCLASS?

  • Enrolling in FLCLASS is simple. Participants may join FLCLASS by one of two methods. After reading the Interlocal Cooperation Agreement and Information Statement, either approve an Authorizing Resolution or sign an Instrument of Adoption. Then complete the FLCLASS Registration Packet available in the Documet Center.

  • Is FLCLASS rated?

  • 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.

    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.

  • What transaction fees does FLCLASS charge?

  • FLCLASS does not charge any transaction fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we recommend checking with a representative at your bank to discuss the potential costs.

  • What are the business hours at FLCLASS?

  • The FLCLASS offices are open Monday through Friday from 8:00 a.m. until 5:00 p.m. ET. Please consult the Client Services Page for FLCLASS office closures.

  • What is the minimum requirement for investing in FLCLASS?

  • There is no minimum investment amount for FLCLASS.

  • What are the investment objectives of FLCLASS?

    1. Safety of Principal  
      • To minimize risk by managing portfolio investments to preserve principal and only invests in securities that are permitted pursuant to the laws of the state of Florida, Florida’s Investment of Local Government Surplus Funds Act
      • To maintain the highest rating for FLCLASS from a nationally recognized statistical rating organization
    2. Liquidity of Funds 
      • To manage portfolio investments in a way that ensures that cash will be available as required to finance Participants’ operations
    3. Investment Return 
      • To maximize current income to the degree consistent with legality, safety, and liquidity
    4. Transparency
      • To provide transparency by allowing Participants to efficiently obtain portfolio and account information and offer dedicated client service support with an easy-to-use technology platform
  • 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.

  • What types of securities does FLCLASS invest in?

  • FLCLASS may only invest in a manner that is permitted pursuant to the laws of the state of Florida and Florida’s Investment of Local Government Surplus Funds Act, Florida Statutes, Chapter 218.415. Furthermore, investments are made in accordance with the program’s investment policy that is structured to achieve the highest attainable rating for local government pools from a nationally recognized statistical ratings organization.

Managing My Account

  • What are the limits on the number of transactions?

  • FLCLASS does not limit the number of transactions Participants can do.

  • How do I update my contact information and notification preferences?

  • Once logged in, Participants can update their contact information and notification preferences by selecting My Account in the upper right-hand corner of the portal. From there, changes can be made under the Contacts section at the bottom of the page.

  • How do I update individuals who have access to my FLCLASS account?

  • Please visit the FAQs in the Help Section of the FLCLASS Online Transaction Portal to download and fill out the Signatory Amendment Form. For more information on the levels of access for individuals on your account, please refer to the chart below.

  • Does FLCLASS limit the number of subaccounts a Participant can have?

  • FLCLASS does not limit the number of subaccounts Participants can have.

  • What are the limits on the number of transactions?

  • FLCLASS does not limit the number of transactions Participants can do.

  • How do I amend those individuals who receive account correspondence such as monthly statements or transaction confirmations?

  • These changes can be made in writing to clientservices@flclass.com.

  • How do I add or remove bank instructions on my FLCLASS account?

  • Please visit the FAQs in the Help Section of the FLCLASS Online Transaction Portal to download and fill out the Bank Amendment Form. Many banking institutions have separate ABA/routing numbers depending on whether the transactions are being processed via wire or ACH. Please contact your local banking representative to ensure that you are providing FLCLASS Client Services with the appropriate account information.

  • Are the banking instructions different for a wire or an ACH?

  • Many banking institutions have separate ABA/Routing Numbers depending on whether the transactions are being processed via wire or ACH. Please contact your local banking representative to ensure that you are providing FLCLASS Client Services with the appropriate account information. The instructions to send money into FLCLASS can be found in the FLCLASS Transaction Portal.

  • For a next-day ACH, what is the cut-off time?

  • Next-day ACH requests must be received by 3:00 p.m. ET (24 hours in advance).

  • What is the difference between a wire and an ACH?

  • Wires are funds transferred via the Federal Reserve Wire System and can be processed and received by your beneficiary bank on the same day if the transaction is requested prior to the 3:00 p.m. ET cut-off. ACHs (Automated Clearing House) are processed overnight and are generally available to the beneficiary bank one business day after the transaction request has been made.

  • What are the daily cut-off times for transactions?

  • Transactions (withdrawals, contributions, transfers) conducted via the portal, telephone, or fax must be submitted by 3:00 p.m. ET for same-day processing.

  • What are the fees associated with wires/ACHs?

  • FLCLASS does not charge any banking fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we recommend always checking with a representative at your bank to discuss the potential costs.