The Franklin County Treasurer’s Office has been honored with the prestigious 90+ cashVest® Award for 2025, marking the second consecutive year the office has received this recognition for its exceptional public finance liquidity management. This acknowledgment highlights the dedicated efforts of Treasurer Melody Shuman and her team, including chief deputy treasurer Trina Panagos, chief financial officer Teresa Beckner, and fiscal director Janelle Friese. The award signifies the county’s commitment to effectively managing public funds and maximizing the value of taxpayer dollars.
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The 90+ cashVest® Award is a collaborative initiative between the National Association of Counties (NACo) and three+one®, a financial technology firm specializing in public sector cash management. This award is bestowed upon entities that demonstrate a consistent track record of superior liquidity management. Franklin County’s achievement underscores its dedication to employing data-driven strategies to optimize financial resources, ultimately benefiting communities through enhanced fiscal responsibility.
By achieving and maintaining a cashVest® score of 90 or above for four consecutive quarters, Franklin County has proven its proficiency in effective cash management. This consistent performance indicates improved financial stability and a strong commitment to the responsible stewardship of public resources. Such a high standard of financial practice not only benefits the county itself but also serves as a model for other public entities.
The recognition of Franklin County’s Treasurer’s Office highlights the financial acumen and diligent work of its leadership and staff. This award signifies that the county is making significant strides in optimizing its cash flow, potentially leading to reduced borrowing costs and stronger safeguards for public assets. The efforts of the Treasurer’s Office are directly contributing to the financial health of Franklin County, ensuring that public funds are managed with the utmost care and efficiency.
Article by Mel Anara, based upon information from a press release by the Franklin County Treasurer’s Office.
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