HomeMy WebLinkAboutFinance_(Arbitrage_Testing)Docusign Envelope ID: B4387164-D743-4320-96E6-8081B8B59DB2
•
City Clerk Use Only
Finance Committee
Approval Date 9/15/2025
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 - 2022B
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:
n Bids or written quotes were taken on this purchase, as follows:
n 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 IT Road Use Tax IT Sewer n Sanitation
Bonds ❑ Federal/other grants ❑ Other (specify)
This expenditure is to be coded to the following budget line -item:
323-03-8980 1750
(Fund - Department - Activity - Account Number)
in which the budgeted amount is
and the current available balance is
Respectfully submitted,
Bridgett Wood 08/29/25
1-Signed by:
(Project Code)
$ 125,000.00
$ 9,537.52
9/15/2025
(Signature Dept. Head or Designee)
Date (Signature Finance Dept. Review) Date
K:\shared goodies\forms\Expenditure Pre-Authorization.xls (Mar 2010)