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Treasurer’s office highlights $4 million in interest earnings and a 91 'cash‑vest' score
Summary
Consultant 3plus1 reported Chemung County’s proactive cash management earned over $4 million in interest in the past 12 months and maintained a high ‘cash‑vest’ performance score; panelists cautioned that interest‑rate and fund‑balance changes could reduce that revenue going forward.
Alex DeRosa of 3plus1 presented the county treasurer’s office with data showing improved cash management and interest earnings. DeRosa said the county’s “cash‑vest” score — a 0–100 metric 3plus1 uses to evaluate liquidity and investment performance — has been consistent at 91 for Chemung County and the treasurer’s office produced more than $4,000,000 in interest earnings in the most recent 12‑month period.
The presentation described how the treasurer’s office balances liquidity (cash readily available for payments) against locked‑in investments that currently total about $45 million at an average rate of roughly 4.18%. DeRosa said recent county locks on…
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