The City of New Albany has been honored with the esteemed 2023 90+ cashVest Award, recognizing its exemplary leadership in public finance liquidity management. This recognition is earned by only 22% of public finance offices, highlighting public entities excelling in maximizing the value of all taxpayer cash. This award is provided by the National Association of Counties (NACo) in conjunction with three+one, a specialized national financial-technology company that analyzes public sector cash-management practices. It focuses on maximizing the utilization of every taxpayer dollar with data-informed decisions, ensuring optimal benefits for communities across the country.
By maintaining a cashVest score of 90 or above for four consecutive quarters, New Albany has demonstrated its commitment to effective cash management, improving financial stability, and ensuring responsible stewardship of public resources.
The City of New Albany Finance Department’s achievement sets a high standard in the stewardship of public resources and serves as an inspiration in the sector.