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<p class="MsoNormal"><span style="color:#1F497D">Treasurer’s,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Okay, so the responses to my question below is cracking me up and I don’t know why. The responses are all over the place. Many of you use 004 or 003, and quite a few think 070 is a good option. Some of you
are not even accounting for it in your system and keeping the escrow records separate from the books and paying down the project because the time is so short. I’m so confused as to what to do….. I do need to create a purchase order to The Motz Group who
is putting in the turf, so I’m thinking I need to do some internal accounting at least to do the total PO.
<u>Thanks for all the responses and making my day</u>. I’m sitting here in my office and I think my staff thinks the holidays are getting to me because I can’t stop laughing.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Mitch<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> MitchBiederman
<br>
<b>Sent:</b> Thursday, December 17, 2015 9:12 AM<br>
<b>To:</b> 'oecn_treas@oecn.k12.oh.us'<br>
<b>Subject:</b> Tax-Exempt Municipal lease/purchase loan<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Treasurer’s,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have done quite a few bond issues and HB 264 projects in my tenure, but I don’t think I have ever done a “Tax-Exempt Municipal Lease/Purchase loan (replacing our HS football turf). The money is now in escrow holding with 5/3 bank to
pay “The Motz Group” as the project goes along. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><u>What Fund do I use to do the accounting of the escrow and payment of the project over the next couple months to completion? 003, 004, 070? I have asked our auditor several times, but she hasn’t gotten back with me so I thought I would
reach out to the experts.<o:p></o:p></u></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">We are good to go and set up for the loan payback out of our athletic budget.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Courier New"">Mitch Biederman<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Lucida Handwriting"">Mitch Biederman<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Courier New"">Treasurer<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Courier New"">Centerville City Schools<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Courier New"">937-433-8841<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Courier New""><a href="mailto:Mitch.biederman@centerville.k12.oh.us">Mitch.biederman@centerville.k12.oh.us</a><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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