St. Lawrence County treasurer receives prestigious award
Pictured above are Deb Bridges, on the left, deputy treasurer, and Renee Cole, county treasurer. Submitted Photo.CANTON -- County Administrator Ruth Doyle announced earlier today that Treasurer Renee Cole has been awarded the CastVest 90+ Award for 2022 by Three+One. This award is the benchmark and banner for public entities that are earning and saving at the highest levels on their taxpayer's resources, resulting in new revenue streams for their finance offices.
The entities honored are to be commended for their excellence in the implementation and management of all liquidity in the public marketplace. To qualify for this award, an entity must have received a CashVest® score of 90 or above for four consecutive quarters.
Chair of the St. Lawrence County Board of Legislators Bill Sheridan commended the accomplishment by saying, “St. Lawrence County is proud of this prestigious honor given to County Treasurer Renee Cole. She is a great steward of taxpayer dollars and this comes as no surprise that Three+One would recognize her among her peers. The ongoing efforts she puts forward to ensure that the County maintain its financial success for the future is remarkable.” Matthew Chase, the CEO/Executive Director of the National Association of Counties (NACo), had this to say on the significance of this award, “We congratulate the recipients of the CashVest 90+ Award. This elite group of award winners has demonstrated outstanding leadership in liquidity management. We applaud these public finance leaders for helping to maximize the value of their taxpayers’ dollars, optimize cash flow, lower borrowing costs, and strengthen protections for public resources.”
Garrett Macdonald CTP, FPAC, Senior Vice President of Three+One stated, “Collectively generating hundreds of millions in additional revenue that would otherwise have to be raised in taxes or additional tuition is an amazing accomplishment that is to be commended. As each of the entities honored continue to navigate an ever-changing economic landscape, they have gone above and beyond to set a national standard in cash management and to certify they are doing everything they can to maximize their liquid cash resources.”
St. Lawrence County is proud of our approach to implementing new data resources for the benefit of taxpayers. County Administrator Doyle said, “Treasurer Renee Cole recommended this change to County investment strategies at a critical time in the recovery of the fiscal health of the County. She and her staff work diligently to invest in a smart and intentional manner to ensure taxpayer dollars go further.” She continued, “Renee brings the necessary attention to detail that organizations like Three+One look for, she is engaged and she is continuously seeking to help the County stabilize its fiscal health.”