Budget, Finance Management, and Procurement
NYSAC has partnered with the following companies to provide budget and financial management solutions unique for counties in New York. They are designed to generate revenue and/or expand transparency and ease the county budget process.
Cashvest By 3 + 1
Three-plus-one provides a suite of solutions from liquidity analysis to bank analysis reports, all designed to generate more value and new revenue on counties’ current cash deposits.
Cashvest helps municipalities realize new revenue to increase stability and maximize liquidity – all while increasing yield on deposits. The New York-based national leader in the field, Cashvest uses proprietary algorithms to produce data-driven analysis and time-horizon evaluations. This information is applied to safely increase yields on current cash deposits and enhance revenue sources.
Cashvest is not a bank or a registered investment advisor. They simply provide an independent perspective on making certain every dollar you have is being put to work efficiently, every day.
ClearGov is the leading provider of Budget Cycle Management software, focused on helping to streamline the annual budgeting process by improving the collection, creation, and transparency of county budgets.
ClearGov solutions are powerful enough to support local governments and counties of every size, yet affordable enough for even the smallest communities. Over 800 counties and local governments across the country rely on these cloud-based solutions to modernize their budgeting and strategic planning processes to produce award-winning budget books. NYSAC and NACo are both proud to be strategic partners with ClearGov.
NY MuniTrust, 100% New York
NY MuniTrust’s local government investment pool (LGIP) provides an investment program committed to maximizing liquidity, convenience and competitive rates of return.
Developed in collaboration with BNY Mellon, NY MuniTrust offers two short-term, highly liquid investment funds for operational cash managed by Dreyfus, BNY Mellon’s affiliated liquidity manager. BNY Mellon and Dreyfus, both headquartered in New York, support NY MuniTrust by providing custody, fund accounting, record keeping, client servicing and distribution for the investment pool through various BNY Mellon affiliates.
NY MuniTrust offers the Excelsior Fund to counties and the Empire Fund to municipal corporations, including Boards of Cooperative Educational Services (BOCES), school districts and fire districts. The funds’ short-term fixed income investments are permissible under the New York State General Municipal Law (GML), and the funds are rated 'AAAm' by S&P Global Ratings, the highest rating assigned to principal stability funds.
In addition to NYSAC, NY MuniTrust is also endorsed by the National Association of Counties (NACo).
For additional information about the services provided by NY MuniTrust, please contact BNY Mellon Institutional Services at 1 (833) NYS-MUNI
Payment Solutions (P-Card) Program
NYSAC’s Payment Solutions (P-Card) Program, in partnership with PFMAM, provides counties with a tool to receive rebates for their purchases. The P-Card payment process may reduce the typical requisition process and related costs associated with purchasing materials and services. The P-Card, which is a special type of credit card, streamlines the purchase of supplies, furniture, construction materials, utilities and much more, saving staff time and money for your county. For more information, please email PCardTeam@pfm.com.