Profit earned on local government issued tax-exempt bonds over the bond yield are required to be “rebated” to the United States Government on an annual basis. In conjunction with this rebate, local governments are required to submit Arbitrage Rebate Reports per the U.S. tax code. When local governments take on this reporting requirement themselves, the […]
Urban Futures, Inc. (UFI) has donated funds to the California City Management Foundation (CCMF) to establish the Mark Curran Scholarship. The Mark Curran Scholarship is new to the CCMF scholarship program, which awards the Wes McClure Scholarship annually. Scholarships are awarded to prospective graduate students attending a public or private university in California, who show […]
Cities and special districts across California have engaged the Analytics & Compliance Group as the need for disclosure services and arbitrage rebate compliance work grows.
Urban Futures, Inc. (UFI) Analytics & Compliance Group has been engaged by Quartz Hill Water District for a water cost of service study and as the continuing disclosure consultant and dissemination agent for the District’s long-term debt issuance.
Urban Futures, Inc. (UFI) has been engaged by the City of Beaumont for financial advisory services and budget development. Beaumont recently experienced controversy surrounding former senior level management. UFI was brought in to increase transparency with regard to the City’s financial matters. UFI will conduct a review of the City’s current financial state and make […]
Urban Futures, Inc. (UFI) has been selected via competitive bid process to work with several California cities to complete financing projects. “Success through the competitive bid process validates the quality of services offered by UFI,” said Mike Busch, CEO of Urban Futures, Inc. “Not only do our clients return to the firm because of the […]
William Reynolds has been brought on to the team at Urban Futures, Inc. (UFI) to further expand the pool of experts available to clients. Mr. Reynolds has worked in public finance for more than 40 years. His background includes time spent working directly for city government as well as financial advisory firms. William began his […]
This year Doug Anderson is celebrating 30 years with Urban Futures, Inc. (UFI). Doug originally joined the UFI team in 1985 as a financial advisor and has specialized in tax increment revenue and assessment district financing. A graduate of San Diego State University, he has spent his entire career serving UFI clients throughout the […]
Urban Futures, Inc. (UFI) has recently been engaged on several high profile municipal financing projects. By expanding the volume of the existing client base, UFI is rapidly becoming the go-to firm for bond refunding and financing projects. UFI is currently working on and has recently closed several Tax Allocation Bond Refundings. The City of Azusa, […]
The City of Lake Elsinore, located in Riverside County and equidistant to Los Angeles and San Diego, is a lake community where people can live, work and play. The City sought to refund several Community Facilities District (CFD) bonds that were issued between 2005 and 2011 for eight parcels within the City. The current market […]