CASH
The year 2018 will be the one when cash will be recognized as an asset with great value.
As the new tax reform law takes hold I predict a stronger economy, higher short-term interest rates, and greater value placed on all cash.
My message is simple: Cash will have added value that can lead to hundreds of thousands of dollars in new revenue for public entities and higher Ed institutions like yours in 2018.
As public officials, we all have fiduciary responsibilities in the management of all funds on behalf of our tax- and ratepayers. Given the current interest-rate environment and abiding to the pillars of public funds management—safety, legal liquidity, and yield—we must take a closer look at the real value of cash. Today’s cash has a daily minimum value of 1.0%, but I believe the overall yearly value of cash could reach 2.0% or greater by year-end.
The team at three+one can help you realize the value of your cash through your financial institutions.
We are not a bank, financial advisor, or register investment advisor. Rather, we are an independent liquidity analysis and data management firm that provides a pure, agnostic, and independent perspective on all operating and non-operating cash. These data can be used by an entity and its financial institutions to gain higher rates on all available cash.
Throughout 2018, we will be sharing nationwide success stories of public entities and higher Ed institutions that have embraced a proactive approach in managing their cash—and have proven that it has great value.
Happy New Year from three+one!
