CodeCupboard has supplied an example which should fit your needs.
This is a bit of a more persistent version of that, which would allow you to go back to where you were with multiple separate function calls
class classA:
#Declare initial values for class variables here
fooResult = 0 #Say, taking 0 as an initial value, not unreasonable!
def myFoo1(x):
y = 2*x + fooResult #A simple example function
classA.fooResult = y #This line is updating that class variable, so next time you come in, you'll be using it as part of calc'ing y
return y #and this will return the calculation back up to wherever you called it from
#Example call
rtn = classA.myFoo1(5)
#rtn1 will be 10, as this is the first call to the function, so the class variable had initial state of 0
#Example call2
rtn2 = classA.myFoo1(3)
#rtn2 will be 16, as the class variable had a state of 10 when you called classA.myFoo1()
So if you were working with a dataset where you didn't know what the second call would be (i.e. the 3 in call2 above was unknown), then you can revisit the function without having to worry about handling the data retention in your top level code. Useful for a niche case.
Of course, you could use it as per:
list1 = [1,2,3,4,5]
for i in list1:
rtn = classA.myFoo1(i)
Which would give you a final rtn value of 30 when you exit the for loop.