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Bertie County Board of CommissionersDecember 7, 2015 2:00pmChairmanVice ChairmanRonald Ron WessonDistrict 1Stewart WhiteDistrict IITammy A. LeeDistrict IIIJohn TrentDistrict IVErnestine (Byrd) BazemoreDistrict
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The QSCB sinking fund review refers to a financial mechanism established for the repayment of qualified school construction bonds (QSCBs), which are used to finance the construction, rehabilitation, or repair of public school facilities.
Entities that have issued qualified school construction bonds and are managing a sinking fund to repay them are required to file a review of the fund.
To fill out the review QSCB sinking fund, parties should collect relevant financial information about the fund, report on expenditures, contributions, and account balances, and follow any specific state or federal forms required for submission.
The purpose of the review QSCB sinking fund is to ensure accountability and transparency in the management of funds allocated for school construction projects, as well as to assess the financial health of the bond repayment plan.
Information that must be reported includes the total amount of funds in the sinking fund, contributions made, expenditures, interest earned, and any outstanding obligations related to the bonds.
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