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Sinking fund overfunding is the primary driver of these audits, with the IRS making sure the overfunding does not result in an arbitrage situation.
October 5 -
The audit reported "significant evidence" of malfeasance at the Sweetwater Union High School District and cast a skeptical eye on why it chose a bond rater.
July 1 -
The recently elected board president of the Western Valley Water District in Rialto says significant improvements are underway.
June 18 -
California blasts West Valley Water District for financial control failures, including awarding contracts without a bidding process.
June 12 -
Illinois published its fiscal 2019 financial results Thursday as strains from the coronavirus pandemic loom large over fiscal 2020 and 2021.
April 30 -
State Comptroller Susana Mendoza released interim numbers because the state's comprehensive annual financial report for fiscal 2019 is unfinished.
February 11 -
The audit involved four CUSIPs for $53.995 million in bonds issued in 2009.
February 5 -
The proceeds of the bonds were used for the construction of a 232,100 square foot residential facility with 108 living units located on the main campus of an existing facility in Dallas known as The Overlook.
January 16 -
Jail bonds are being targeted for audits by the IRS this year with respect to whether federal government use of locally built facilities or management contracts with localities causes excessive private business use.
January 10 -
The new alternative reference rates cited by Treasury and the IRS include the Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York and the Federal Funds Rate.
December 27