For over ten years, the interest earnings line item on budgets has been close to nil. Now, with an effective federal funds rate of 1.15%, you should be asking yourself this vital question: “Should my entity be earning more on its cash?”
We’ve been asking that question at numerous state Government Finance Officers Association (GFOA) conferences as we tour the country. During one of our latest general sessions, we asked the 350 attendees if they believed their entity could be earning more on its cash.
The answer was clear.
Amazingly, 96.4% thought their entity could be earning more on its cash. If your entity is not earning at least 75 bps (0.75%) more on its cash than it did a year ago, talk to us about how we can help you start doing so today.
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See Us At These Upcoming Events and Conferences:
PA GFOA – October