[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6546724,"mediaKeyId","3527848-28febdcd72839d4a288588c4ecae47f9","parentId",3527848,"title","Ways and Means committee approves contract with 3 plus 1 after presentation estimating millions in potential cash‑management gains","audioSeconds",797,"startMs",2140000,"endMs",2937000,"viewUrl","/Search/View?dp=1&key=3527848-28febdcd72839d4a288588c4ecae47f9&start=2140&end=2937","thumbnailUrl","https://assets.pipeline.soar.com/3527848-28febdcd72839d4a288588c4ecae47f9/thumbnail_2140000.jpg","articleUrl","/articles/6546724/New-York/Ways-and-Means-committee-approves-contract-with-3-plus-1-after-presentation-estimating-millions-in-potential-cashmanagement-gains","mediaUrl","https://secure.pipeline.soar.com/6546724-b402f61b13e3b1a85bc9e4c59962c464/orig.mp4?Expires=1773698884&Signature=QC~yPbFLDmB51enOQrwlNpNM3fxMFsN1zQhh3qpTLIWrk3ZJYiWenshRq42lm7ostbjMUS3dIHscJoPbFvhetqFY3uyLQAKyeXTDvhpbUr9BAdQC5k2TvozI07iLT0kKPau1GPY9sFujQGg2JTSQKEnXyIODo7wJeJXBOLx7SxiSHt0d-T7R81A3BwEcI2nV-om9m36wENiYB6ITDmizuknl7Wljj9-t54DSOj6VaoZcLotN2~4ugQB6GIf3YkqjfIQAMtXlNvwA2xvMzOimrPyjinNLyH3NDPFeAyxQtAto2q~Y3U4phFW927X80Gp0VGBZYU5WVC8Wp0UVMFiIAg__&Key-Pair-Id=KUT5TJCACFTXG","author","Seneca County, NY","date","2025-05-23T18:48:36Z","article","The Ways and Means Committee voted to authorize an agreement with 3 plus 1 and to amend the 2025 budget to implement the firm's CashVest/CashFest cash‑management platform following a presentation laying out the product and projected returns.

Cooper Swerdout of 3 plus 1 told the committee the firm provides third‑party liquidity monitoring, forecasting and market benchmarking to help public finance offices identify short‑ and medium‑term cash that can be invested without jeopardizing liquidity for operations. Swerdout described a tiered “liquidity level” approach that separates working capital from cash that can be invested for 30 days up to two-and-a-half years, and said the firm works with more than 300 banks and public entities nationwide.

Using conservative assumptions and historic county cash patterns, 3 plus 1 presented an illustrative number: about $59.8 million of county cash could be placed in strategic liquidity vehicles at about 4% under the firm’s model, producing roughly $2.3 million in potential additional earnings. Swerdout said the firm offers a 1:1 guarantee — the firm’s onus is to produce a net benefit above its fee and, if it cannot, the county would not pay the fee.

Committee members asked how existing earnings compared; Swerdout said audit records made precise current earnings unclear but suggested current miscellaneous revenue from cash was under $1 million. After discussion, the Ways and Means Committee approved the agreement and budget amendment; the motion carried on a voice vote.

County staff said an online portal and documentation will accompany the engagement so county finance staff can review proposed investments, rate quotes and transaction data. The next step is execution of the contract and onboarding work with county finance to stress‑test transactional data and produce recommended liquidity placements.","mediaType","Video","parentTitle","Seneca County Board of Supervisors will hold their May Committee meetings.","oneSentenceSummary","The Ways and Means Committee authorized an agreement with fintech firm 3 plus 1 (CashVest/CashFest) and amended the 2025 budget after a presentation that described tools for liquidity monitoring and projected a potential $2.3 million annual benefit if about $59.8 million of county cash were invested at modeled rates.","taxTitle","Seneca, New York","taxId",53220,"location","New York","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6546730,"Seneca County committee hears report of 41% unaccounted water, directs staff to verify meters and billing",998,526000,1524000,"/Search/View?dp=1&key=3527848-28febdcd72839d4a288588c4ecae47f9&start=526&end=1524","https://assets.pipeline.soar.com/3527848-28febdcd72839d4a288588c4ecae47f9/thumbnail_526000.jpg","/articles/6546730/New-York/Seneca-County-committee-hears-report-of-41-unaccounted-water-directs-staff-to-verify-meters-and-billing","https://secure.pipeline.soar.com/6546730-fa62922c7efd3096b07f8441ae7cc06d/orig.mp4?Expires=1773698884&Signature=EMOz1b7TjxZWNyIvBJKPMeWJ8UNKccHa-69SjTyo478wvuxtutGjfsoDTuZE2qDclZ4u~WPnpI-1URnxp~hiXJZTNxneKi4NwIn139vnKOGw~wqqVST~pzb41wJBhyn0QeVH5t~2L~iQPR78WEZedal5PFSoumJM4AiHrLLvmKPaTE7SMR~ewZWlcqpFyHYUBjwqj0f6ak8lX1JPQwkk4RivIoNtxIMh1AFLifEhOvsPH4ia7Go4oNdWYhQb~Mbn7C3OxmjhYCW2LzF9UKQCToCOvv-ph8UIP4Qjaz-iZZmM2thBjv2UpYDWjOwjyozIZ~yxugPlt~0YrwvGKmhrmw__&Key-Pair-Id=KUT5TJCACFTXG","Seneca County officials were told at a committee meeting that the county's water district continues to run a deficit because the system is buying more water than it is recording as sold, and committee members directed staff to begin meter verification and billing reconciliation to reduce unaccounted‑for water.

Committee discussion focused on a large difference between water purchased and billed. County staff said loss rates have risen to roughly 40–42% in recent quarters, well above typical acceptable loss factors (about 15% cited in the meeting). Speakers described about 11 million gallons per quarter unaccounted for in one exchange. Finance and operations staff said the county previously approved roughly $80,000 to cover a shortfall; estimates discussed in committee suggested a current shortfall on the order of tens of thousands of dollars, with one rough calculation producing a possible $60,000 annual shortfall after conservative adjustments.

Staff and consultants advised beginning with meters that are easiest to verify — retail/utility meters and master meters that can be reinstalled or checked remotely — rather than an immediate, costly system‑wide leak detection program. Committee members noted particular concern about the prison/master meters; moving a meter outside a fenced perimeter had been estimated to cost approximately $300,000. The committee discussed VaricFiat/radio read meters and the need for vendor cooperation to access reads.

Committee members gave staff direction to investigate current master meters and billing practices, pursue verification for the most tractable meters, and report back with findings and recommended next steps. The direction was given as committee guidance rather than a formal vote; staff said verifying meters and certifying readings was a priority and a likely first step before pursuing larger, more expensive leak‑locating programs or bond/grant funding to address infrastructure.","Committee members were told the county is buying substantially more water than it sells and that water loss is running around 40–42%, prompting direction to staff to verify meters—starting with easier, certifiable meters—reconcile billing and pursue other steps to narrow the financial shortfall.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6546737,"County committee directs engineers to amend sewer‑plant contracts to meet grant requirements",270,68000,338000,"/Search/View?dp=1&key=3527848-28febdcd72839d4a288588c4ecae47f9&start=68&end=338","https://assets.pipeline.soar.com/3527848-28febdcd72839d4a288588c4ecae47f9/thumbnail_68000.jpg","/articles/6546737/New-York/County-committee-directs-engineers-to-amend-sewerplant-contracts-to-meet-grant-requirements","https://secure.pipeline.soar.com/6546737-c0e428a4f3e6b08f38452043a45b5bbc/orig.mp4?Expires=1773698884&Signature=MDRkeD809~KBoLcJdlQoz-P-HEUjIZXx-2ogpNj5Am~Vc3Ex0YGd5wsGfusbmY7h-~RiMIsCz0zlfqec2HACb1NYuG9mZlwLV-cPqO5J06e-yOpBnq7jTcriHkohy8s67SID4CTQ3pXVkgDA3vkqpOawaiDfWEl~d-wsPRZguVn0o89w4k4bht4t5Rtn~eND~wEAokvNTWKucDXhtiRF57D-H7M4~qFjbmA5tjuwp0~0iSLKYL1gyWl7mXirXhix5qI465jImwD2KuBPtDtCgKyDwQsQ7DmcA77EPdzZPlPGeyfCeqcf5IxGLIyh3p6harX2TSfKSWemI76X73wV1w__&Key-Pair-Id=KUT5TJCACFTXG","At a committee meeting, Wendell Engineers updated the Water and Sewer Treatment Management and Operations Committee on capital improvement work at the county's two wastewater treatment plants and the committee directed county staff to prepare contract amendments so grant funding can be released.

Brian Sabiga of Wendell Engineers told the committee the county has obtained roughly $30 million in grant awards for the two projects and that a few additional components — identified at the Five Points and Willard facilities as aging or failing — should be added to the scope so the county can fully use the grants. Sabiga said the work identified is “relatively minor” compared with the full projects and estimated the additions would be on the order of 10–15% of the project cost.

Sabiga said grant program requirements also require that engineering contracts include construction services and updated terms before funding will be released. The county has two ways to comply: issue a second round of contracts (producing four contracts total) or amend the original contracts to include construction services and the newly identified scope. County staff and the water/sewer authority executive recommended amending the existing contracts so the county administers only two agreements rather than four.

The committee voted to direct the county engineer to prepare amendment documents to update the two engineering contracts to include construction services, grant terms and the additional work identified at the two plants; the motion carried on a voice vote. Sabiga said staff will then proceed through the county's formal approval process and submit the amended contracts to grant administrators so funds can be released.

Committee members also discussed updating the bond resolution for the Willard project so the resolution covers the project’s total cost; Sabiga clarified that changing the bond resolution would not increase the county’s or residents’ out‑of‑pocket share but would allow the county to accept additional grant dollars if future grant rounds become available.

Next steps are for the engineer to draft the contract amendments and for staff to bring the documents back for the formal approvals needed to initiate construction and draw down the awarded funds.","After an update from Wendell Engineers, the Water and Sewer Treatment Management and Operations Committee directed staff to amend two engineering contracts to add construction services and broaden project scope so the county can access awarded state and federal grant funds for two wastewater plants.","actionData","errors"]

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Ways and Means committee approves contract with 3 plus 1 after presentation estimating millions in potential cash‑management gains

Seneca County committee hears report of 41% unaccounted water, directs staff to verify meters and billing

County committee directs engineers to amend sewer‑plant contracts to meet grant requirements