News Detail

Franklin County Treasurer Awarded Prestigious 90+ cashVest® Award By three+one®

Treasurer

February 04, 2025

Franklin County Treasurer Melody Shuman

CHAMBERSBURG, Pa. – Franklin County Treasurer Melody Shuman has been honored with the esteemed 90+ cashVest Award^® for 2024 in recognition of the county’s exemplary leadership in public finance liquidity management.

This honor is given through a collaboration between the National Association of Counties (NACo) and three+one^®, a national financial-technology firm that specializes in evaluating cash-management practices within the public sector. This award underscores Franklin County’s commitment to utilizing data-driven insights to maximize every taxpayer dollar, delivering enhanced benefits to communities nationwide.

Matthew Chase, CEO/executive director of NACo, commented on the 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, executive vice president of three+one^®, added, “Collectively generating hundreds of millions in additional revenue in 2024 alone that would otherwise have to be raised in taxes or additional tuition is an amazing accomplishment. As each of these entities continues 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.”

By maintaining a cashVest score of 90 or above for four consecutive quarters, Franklin County has demonstrated its commitment to effective cash management, improving financial stability, and ensuring responsible stewardship of public resources.

Franklin County’s achievement sets a high standard in the stewardship of public resources and serves as an inspiration within the sector.