Pasco PFD approves $2.86 million in September claims; auditors note reporting errors, board orders arbitrage analysis
At its Oct. 21 meeting the Pasco Public Facilities District board approved $2,857,548.17 in claims, reviewed state audit findings that identified reporting errors, and directed an arbitrage analysis to determine whether bond investment earnings must be rebated to the IRS.
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The Pasco Public Facilities District board on Oct. 21 approved the district—s September claims totaling $2,857,548.17 and heard staff summaries of recent audits and investment activity tied to the district—s bond proceeds.
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