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Board questions vendor on data access, upfront fee after cash‑management pitch
Summary
A vendor representative identified as Tyler (3 plus 1 / CashFest/CashVest) pitched a cash‑management program to the Grand Island Central School District board, proposing consolidated visibility, forecasting and bank fee analysis for roughly $19,750 a year; trustees pressed him on data access, confidentiality language, and the contract's upfront fee and termination terms.
Tyler, who introduced himself as representing "3 plus 1" and the CashFest/CashVest program, presented a cash‑management and analysis service to the Grand Island Central School District board and said the company offers consolidated visibility into a district's bank accounts, forecasting and a 1‑to‑1 guarantee tied to identified savings.
"CashFest is not a bank," Tyler said, adding that the firm does not move district funds and requests only view‑only access to bank transaction data so it can analyze cash flows and provide recommendations.
He described the service as focusing on safety, liquidity…
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