Municipal Bond Disclosure

Featured Bond – Week of September 2nd, 2019: State of California to Issue $2.3 Billion Dollars in General Obligation Bonds

The State of California is scheduled to issue $2.3 billion dollars in Various Purpose General Obligation bonds in two parts. In order to refinance its outstanding debt, the state will issue $1.65 billion in Refunding Bonds.  Proceeds from the remainder of the total,...

Fiscal Year 2017 Municipal Bond Audit Times Are Still Too Slow

Municipal Bond Audit Times Show Slight Improvement Since 2015 But Most Still Late to the Table  --  The County, State and City Sectors are the Least Timely By Richard A. Ciccarone Municipal bond analysts and investors are accustomed to waiting a lot longer for...

Does Municipal Bond Credit Quality Impact Annual Audit Times?

Increased attention on local government fiscal stress and Chapter 9 bankruptcy filings has heightened concerns over municipal bond credit quality in wider circles than ever before.  But while the Securities and Exchange Commission (SEC) requires certain issuers of...

Leading by Example: Syracuse University Is Fastest Municipal Borrower to Complete Financial Audits

Syracuse University is known for many things: its Orangemen, its hilly campus, and its famous alumni, including Joe Biden, Dick Clark, and William Safire. But perhaps one of its lesser known accolades is that it is a leader in timely financial reporting among...

Most Municipal Audits Still Slow, Despite Push for Timely Transparency

In the corporate bond market, the Securities and Exchange Commission (SEC) requires that annual audit reports be submitted within 60 to 90 days of the close of the fiscal year.  While the Municipal Securities Rulemaking Board (MSRB) has said that it would like to have...

Study Examines Municipal Audit Turnaround Time

How long does it take for municipal entities to produce annual audit reports?

Archive By Date