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CashVest rep pitches daily cashflow service; committee agrees to consider one-year trial
Summary
Bill Cherry of 3+1/CashVest presented a cash-management service to Warren County’s finance committee, estimating potential interest revenue in the low millions and proposing a one-year, view-only engagement; committee asked to return the proposal next month as a formal resolution.
Bill Cherry, a former treasurer of Schoharie County and representative of 3 plus 1 (CashVest), told the Warren County Finance and Budget Committee that his firm analyzes daily inflows and outflows to identify investable cash and potential interest revenue.
"What we do is we work with the treasurer's office to explore ... the decisions are always yours," Cherry said, describing a process that uses view-only access to county accounts to…
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