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Commissioners report stronger cash management, forecasted interest gains and budget savings
Summary
Commissioners and finance officials said reforms to cash management and contract renewals have begun producing additional revenue and savings — including projected interest gains across several banks and a $1.1 million projected rebate from prescription-benefit renewals for 2026 — while cautioning the county remains in a tight fiscal position.
County leaders used the July 2 meeting to describe steps taken to improve financial management and to report early fiscal gains from those reforms.
A county official reported that the CashVest cash-management program, implemented last year, consolidated monitoring of more than 90 accounts across seven financial institutions and has already produced higher interest earnings. County officials said several accounts at Fidelity earned an average 2.36% in the last quarter and that, after renegotiation, those accounts are expected to earn…
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