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Broadwater County approves $18,000 contract with 3 Plus 1 for cash-management analysis
Summary
Broadwater County commissioners voted to hire 3 Plus 1 (marketed as CashVest) to analyze county cash, investments and liquidity for $18,000 a year; the vendor guarantees the initial analysis will be free if it does not show a one-to-one benefit versus the fee and will have read-only access to accounts.
Broadwater County commissioners voted to approve a contract with 3 Plus 1, a cash‑management and forecasting firm also referred to in the meeting as CashVest, to analyze the county’s bank statements, certificates of deposit and other investments for $18,000 a year.
The commission approved the contract after hearing staff describe the product’s capabilities, including liquidity stress testing, forward cash‑flow projections, benchmarking and read‑only access to county accounts. Unidentified Speaker 1 read a vendor guarantee during the meeting: “If 3 plus 1 does not show a…
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