Board authorizes Baker Tilly for arbitrage reporting and financial planning work
The board authorized Baker Tilly to perform arbitrage reporting with an initial not-to-exceed cap of $5,000 and approved a separate purchase for continuing disclosures and financial planning not to exceed $39,600.
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Staff presented engagement documents from Baker Tilly for arbitrage reporting and for continuing financial-planning/disclosure services. Staff explained the arbitrage review ensures the "city of Butler did not make money off of issuing these bonds because they are tax exempt bonds," and described the deliverables and hourly rates included in the scope appendix.
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