HomeMy WebLinkAboutPA_-_Finance_(Arbitrage_Testing) Docusign Envelope ID:4696AE44-32DA-4EB1-A38F-6DADC51CBC75
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Finance Committr/16/202 5
Approval Date
City of Waterloo
Expenditure Pre-Authorization Request Form
The Finance Committee of the City Council is hereby requested to authorize the following
purchase or expenditure submitted by the Finance Department to expend
$ 3,500.00 plus est. shipping costs of $0.00 to pay for or purchase
arbitrage testing for general obligation bonds - 2021A
This purchase or expenditure is being made because:
Compliance testing is required to maintain the tax-exempt status of the city's bond issues and to determine
whether an arbitrage payment is owed to the IRS.
Vendor selected for this purchase:
Bids or written quotes were taken on this purchase, as follows:
F■ Bids or quotes were not taken on this purchase because:
A quote was received from Berens-Tate for an amount not to exceed$3,500 per series tested.The city has
used Berens-Tate for this service for many years. They maintain files of all city bond
issues and transaction date, minimizing the cost.
Prior Committee Actions (Dates):
Please check the following box(es)as appropriate to describe the funding for this expense:
❑ General Fund ❑ Road Use Tax ❑ Sewer F—] Sanitation
❑- Bonds ❑ Federal/other grants ❑ Other(specify)
This expenditure is to be coded to the following budget line-item:
322-03-8980 1750
(Fund - Department-Activity-Account Number) (Project Code)
in which the budgeted amount is $ 75,000.00
and the current available balance is $ 6,697.42
Respectfully submitted,
Signed by:
Bridgett Wood 05/29/25 � W°°d 6/16/2025
(Signature Dept. Head or Designee) Date Igna ure mance Dept. Review) Date
K:\shared goodies\forms\Expenditure Pre-Authorization.xls(Mar 2010)