Coming down the Washington, D.C. pipeline this week: Suffolk County and three+one’s Bank Account Collateralization Program has reached a most noteworthy milestone: they won an Achievement Award from the National Association of Counties (NACo).
The county’s Bank Account Collateralization Program was also selected Best in Category for Financial Management.
Started in 1970, the NACo Achievement Awards annually honor effective county government programs.
Suffolk County Comptroller John M. Kennedy, Jr. created the Bank Account Collateralization Program in partnership with Suffolk County Executive Ed Romaine.
Their goal: to ensure that bank-held County funds are properly and sufficiently collateralized. As the program’s CFO, Comptroller Kennedy protects the assets of over 1.5 million residents countywide.
“It is an incredible honor for Suffolk County’s Bank Account Collateralization program to be granted a NACo Achievement Award and to be selected as Best in Category,” said Kennedy. “County Executive Romaine and I share a deep commitment to safeguarding taxpayer dollars.”