Comptroller John M. Kennedy, Jr. of Suffolk County, NY and three+one’s cashVest Program

About the Program

Category: Financial Management (Best in Category)

Year: 2022

John M. Kennedy, Jr. was elected Suffolk County Comptroller and first took office on January 1, 2015. Prior to becoming the Comptroller, John was a legislator for 10 years. During that time he passed legislation benefiting veterans and preserving local open space, groundwater and ecosystems. In over 46 years of municipal and county employment, John has dedicated himself to improving socioeconomic conditions for Suffolk County communities. To that end, Comptroller Kennedy engaged with three+one in May of 2020 in order to create innovative, best financial practices. This decision has yielded numerous benefits to Suffolk County. We have access to highly qualified financial advisors who give us the confidence to take advantage of opportunities we may never have considered on our own. The three+one team has the experience to pursue the most beneficial avenues for the County’s resources. We work together to follow through on mutual goals and the results have been amazing. three+one uses analytical tools to enable future forecasting. We can see how cash would be best utilized. The program includes a monthly cashVest report which greatly enhances our liquidity management and fosters transparency. The outcome is that we are armed with knowledge. Suffolk County’s Office of the Comptroller can then act in good faith to make decisions that best benefit all residents.