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Comptroller details $637,000 arbitrage expense in end-of-year budget cleanup
2856392 · March 27, 2025
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Summary
Albany County comptroller told the Audit & Finance Committee the annual close of the 2024 budget requires adjustments including a $637,000 arbitrage expense tied to higher-than-expected interest income on bonded funds.
Comptroller Rizzo told the committee that end-of-year adjustments to the county’s 2024 budget are needed to finalize accounting and close the year’s books, including a $637,000 line recorded for arbitrage expense.
The nut graf: The comptroller said the arbitrage entry reflects interest earned above the bonded…
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