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Finance staff flags $539,000 arbitrage liability tied to 2022 bonds
Village Board of Trustees (Antioch) · July 7, 2025
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Summary
Audit-related calculations show an unbooked arbitrage liability of about $539,000 due to excess yield on invested bond proceeds; staff said auditors start fieldwork and the item must be addressed before August 15, 2027.
Finance staff told the board that arbitrage calculations related to the Village’s 2022 bond issue produced an excess-yield liability of about $539,000 that the village may owe to the IRS. The arbitrage…
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