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Ada County authorizes $27,600 from contingency to cover bond arbitrage IRS filing and penalties
Ada County Board of Commissioners · November 12, 2025
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Summary
Treasurer’s staff told the board that interest on bond‑related contingency funds exceeded tax‑exempt bond limits and triggered IRS reporting and a penalty; the board approved using $27,600 from contingency to pay the liability and calculation costs.
Treasurer’s staff told the board that, because interest on funds held for a coroner’s office CAT scan purchase sat in the bank while the purchase delayed, the county’s interest earnings on those bond‑related funds exceeded the permitted threshold for tax‑exempt bonds and now require an IRS filing and payment.
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