GCC recognized with award for cash management

Press Release, Genesee Community College

BATAVIA – Genesee Community College has been honored with the esteemed 90+ cashVest Award for 2025, an award presented to multiple public-sector entities in recognition of exemplary leadership in public finance liquidity management.

The honor is awarded by three+one, a national financial-technology firm that specializes in evaluating cash-management practices within the public sector. This recognition underscores the organization’s commitment to utilizing data-driven insights to maximize every taxpayer dollar, delivering enhanced benefits to communities nationwide.

Garrett Macdonald, Chief Executive Officer of three+one and a GCC alumnus, commented on the award: “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.”

By maintaining a cashVest score of 90 or above for four consecutive quarters, Genesee Community College has demonstrated its commitment to effective cash management, improving financial stability, and ensuring responsible stewardship of public resources.

Dr. Craig Lamb, President of Genesee Community College, stated, “At GCC, we are deeply committed to being responsible stewards of public funds as we collectively seek to enrich our surrounding community, using every resource efficiently and strategically. I want to extend my gratitude to GCC’s Finance and Operations department for their efforts in ensuring we operate at the highest standards of fiscal responsibility. In addition, being presented with this award by GCC alumnus Garrett Macdonald, for whom we are so proud, makes this honor even more special.”