Bill Cherry, a former treasurer of Schoharie County and representative of 3 plus 1 (CashVest), told the Warren County Finance and Budget Committee that his firm analyzes daily inflows and outflows to identify investable cash and potential interest revenue.

"What we do is we work with the treasurer's office to explore ... the decisions are always yours," Cherry said, describing a process that uses view-only access to county accounts to forecast cash and recommend laddered investments and other instruments.

Cherry estimated a conservative potential benefit for Warren County of roughly $3.8 million to $3.9 million in incremental interest revenue based on publicly available reports, and described a standard annual fee structure paid by the county. "We're paid directly by the County. It's based upon the size of your overall budget and it's $250 per $1,000,000 of overall spending," he said. For Warren County Cherry cited a one-year fee of $45,500 and said the invoice would be issued only after an initial report shows net benefit exceeding the fee.

Treasurer Christine Norton introduced Cherry and said improved cash-flow management could boost county revenue without changing banking relationships. Supervisors asked technical and governance questions about fees, contract length and safeguards; Cherry said the firm does not move county funds and requires a one-year trial period to implement a full portfolio.

No formal contract was approved at the meeting. The committee agreed to bring the CashVest proposal back next month as a formal resolution for committee action.

Ending: The presentation will return to the committee as a resolution; if approved the firm will receive view-only access to perform its analysis and present a final implementation recommendation.