Olmsted County treasury earns a perfect CashVest score, commissioners praise staff

Roman Calada presented the results of an independent CashVest assessment to the Olmsted County Board, reporting that the county’s score improved from 90% in early 2024 to a perfect 100% by October 2025. The consultant’s review flagged excellence in liquidity management, responsible use of taxpayer dollars and internal controls, and the presenter said only a small share of clients nationwide reach a perfect score.

Calada described improvements in electronic funds transfers and other processes that contributed to the result and credited staff for maintaining strong systems. He highlighted possible interest earnings, noting that depending on interest rates the county could see on the order of $8 million and potentially closer to $10 million in 2025, while acknowledging such figures vary with market conditions.

Commissioners thanked treasury staff by name and noted the score supports public trust and demonstrates stewardship of public resources. The board did not take further action but recognized treasury staff and contractors for achieving the rating.