About

About Us

California Fixed Income Trust (CalFIT) was formed and is governed by a Board of Trustees comprising California local government finance officials. CalFIT (a joint powers authority under California Government Code Section 6509.7) offers the Stable Value Pool and is eligible for public agency investments pursuant to California Government Code Section 53601(p).

The Stable Value Pool is an investment solution for a local government’s most liquid reserves and invests in high-quality, short-term securities designed to meet the objectives of safety, liquidity, and return. The Stable Value Pool presents its Participants with a convenient way to meet their immediate cash needs while diversifying their cash solutions.

Board of Trustees

Lake County

Alameda County

San Diego County Water Authority*

San Diego County*

Patrick Sullivan

Treasurer-Tax Collector

Board President

Henry C. Levy

Treasurer-Tax Collector

Board Vice President

Lisa Marie Harris

Director of Finance/Treasurer

Trustee

Chris Herrera

Chief Deputy of Treasury

Trustee

Click here for Board agendas. Minutes available upon request

*Anticipated trustee joining December 2025.

Service Providers

Chandler Asset Management

U.S. Bank

CliftonLarsonAllen

Gibbons & Conley

Investment Adviser/
CalFIT Administrator
Custodian

 

www.usbank.com

Legal Counsel

 

www.gibbons-conley.com

closures/Holidays

Holiday Time Date
Veterans Day
All Day
November 11, 2025
Thanksgiving
All Day
November 27, 2025
Day After Thanksgiving
Early Close (2 p.m. PT)
November 28, 2025
Christmas Eve
Early Close (2 p.m. PT)
December 24, 2025
Christmas Day
All Day
December 25, 2025

We love celebrating the holidays too! Here’s a quick look at when we’ll be closed or running on special hours, so you know exactly when we are available and when we’ll be taking a little break. We follow the SIFMA holiday schedule for financial markets.