CHAMBERSBURG – The Franklin County treasurer’s office has been honored with the esteemed 90+ cashVest® Award for 2025 in recognition of the county’s exemplary leadership in public finance liquidity management. This award, now achieved for two consecutive years, is attributed to the hard work of Franklin County Treasurer Melody Shuman, chief deputy treasurer Trina Panagos, chief financial officer Teresa Beckner and fiscal director Janelle Friese.
The 90+ cashVest® Award is given through a collaboration between the National Association of Counties and three+one®, a national financial-technology firm that specializes in evaluating cash-management practices within the public sector.
“I am privileged to work alongside such a dedicated team in driving financial success for Franklin County,” said Shuman.
Matthew Chase, chief executive officer/executive director of NACo, commented on the award, saying, “We congratulate the recipients of the cashVest® 90+ Award. This elite group of award winners has demonstrated outstanding leadership in liquidity management. We applaud these public finance leaders for helping to maximize the value of their taxpayers’ dollars, optimize cash flow, lower borrowing costs and strengthen protections for public resources.”
Garrett Macdonald, chief executive officer of three+one®, added, “Collectively generating hundreds of millions in additional revenue in 2025 alone that would otherwise have to be raised in taxes or additional tuition is an amazing accomplishment. As each of these entities continues to navigate an ever-changing economic landscape, they have gone above and beyond to set a national standard in cash management and to certify they are doing everything they can to maximize their liquid cash resources.”
