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