bonds
Bond Services
Bond financing has grown increasingly complex, and demands
a high level of expertise from an advisory team to ensure
compliance with state and federal regulations. These advisors
include bond counsel, underwriter, trustee and accountant.
Charles A. Spillman & Company has developed the expertise to
provide accounting services pertaining to public finance.

Our firm is one of the few CPA firms that offers certain bond
calculations, including bond arbitrage calculations and escrow
verifications. Previously these required calculations have been
available on a very limited basis, and clients have often had to
obtain these services in other geographic areas. Our staff
performs these computations, providing clients the
convenience of a local contact, rapid turnaround, and often
lower rates than they are accustomed to paying.

Bond arbitrage calculations are required every five years on
tax-exempt issues. We perform this computation and prepare
the appropriate forms if arbitrage is due. We also calculate
yield verification on restructured escrow accounts for refunding
bond issues. This procedure requires computing the future
value of earnings on replacement escrow securities to ensure
that the escrow balance will be sufficient to redeem the
refunded bond at maturity.
CHARLES A. SPILLMAN & CO,P.C.
CERTIFIED PUBLIC ACCOUNTANTS
Contact us:
317-704-7000
Providing a comprehensive range of  accounting, financial, tax and computer services.
4010 W 86th Street, Suite C   -   Indianapolis, IN 46228   -    (317) 704-7000   -   Fax (317) 702-7001
Charles A. Spillman Co. is
an Indianapolis accounting
firm. We offer a
comprensive range of
financial, tax and other
services