PFM Hired For Five-Year Bond Arbitrage Review

Crafton Borough engaged PFM, a subsidiary of US Bank, to complete its mandatory five‑year bond arbitrage review and prepare the IRS Form 8038 filing for the Borough’s outstanding bond. The engagement supports compliance with federal tax requirements related to anticipated arbitrage rebate payments of roughly $75,000 in 2026.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

5-year arbitrage review period for outstanding bond

Renewal

Engagement covers the required five‑year arbitrage review cycle for the bond; any future reviews would require a new engagement at the next IRS review interval.

Document type

Report

Source document

Borough of Crafton Report June 2026 Manager's Report 2026-06-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Crafton?

PFM was awarded this financial services contract by Borough of Crafton, as recorded on June 24, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Borough of Crafton Report June 2026 Manager's Report 2026-06-24 (Report), dated June 24, 2026 from Borough of Crafton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PFM hold?

PFM may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Borough of Crafton currently buying?

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PFM Hired For Five-Year Bond Arbitrage Review

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Borough of Crafton?

What type of contract is this?

Where was this contract approved?

What other contracts does PFM hold?

What is Borough of Crafton currently buying?

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