GREENVILLE, SOUTH CAROLINA (May 12, 2025)—Renewable Water Resources (ReWa) has been honored with the esteemed 90+ cashVest Award for 2024 in recognition of its exemplary leadership in public finance liquidity management. This honor is given through a collaboration between the National Association of Counties (NACo) and three+one®, a national financial-technology firm that specializes in evaluating cash-management practices within the public sector. This award underscores the organization’s commitment to utilizing data-driven insights to maximize every ratepayer dollar, delivering greater value to the community.
“We congratulate the recipients of the cashVest 90+ Award,” said Matthew Chase, CEO and executive director of NACo. “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 ratepayers’ dollars, optimize cash flow, lower borrowing costs and strengthen protections for public resources.”
Garrett Macdonald, CEO of three+one, added: “Collectively generating significant additional revenues in 2024 that would otherwise have to be raised through increased rates 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.”
“This recognition reinforces our dedication to sound financial management, responsible stewardship of ratepayers’ resources and long-term resilience” said Cathy Caldwell, ReWa’s chief financial officer.
By maintaining a cashVest score of 90 or above for four consecutive quarters, ReWa has demonstrated its commitment to effective cash management, improving financial stability and ensuring responsible stewardship of public resources.
ReWa’s achievement sets a high standard in the stewardship of public resources and serves as an inspiration within the public sector.
ABOUT RENEWABLE WATER RESOURCES (ReWa): Since 1925, Renewable Water Resources (ReWa) has been committed to providing high-quality wastewater services to the Upstate of South Carolina while providing a cleaner environment, protecting public health and sustaining our community. With nine water resource recovery facilities and more than 430 miles of pipe, we serve a broad geographic area, including Greenville County and portions of Anderson, Laurens, Pickens and Spartanburg counties. Each day an estimated 44 million gallons of water passes through our trunk lines and reclamation facilities before being cleaned and returned to our area rivers and streams.