Specifications include, but are not limited to: a. Review the bond transcripts to verify the debt service, the original issue, and the sources and uses. b. Review and analyze the investments of bond proceeds during the computation period: i. For GO Bond Issuances, the County staff prepares supporting documentation on the detailed investment activity that includes the monthly investment earnings of the County commingled funds associated with the Bond Issuance. County staff uncommingles the unspent bond proceeds. The Contractor(s) will be provided this information. ii. For other non-GO Bond Issuances, the Contractor(s) shall review the trust statement(s) and determine that all trust statement(s) related to the computation period have been provided for the Bond Issuance. iii. For Sewer Revenue Bond Issuances, the Contractor(s) shall review the Trust Statements and the supporting documentation on the detailed investment activity of the County’s commingled funds as described in items i and ii. Refer to Attachment B.1.b for the identification of groupings associated with each Bond Issuance. c. Assemble a schedule of the debt service requirements of the Bond Issuance until its maturity and calculate the bond yield. d. Calculate the issue’s investment earnings and the cumulative rebate liability (if applicable), taking into account any proceeds that are, or have become, subject to the yield restriction requirements when calculating the arbitrage earnings during the computation period. e. Review documentation according to the arbitrage rebate requirements, then review each of the benchmarks as defined by the arbitrage rebate spending exceptions requirements, identified for each bond issuance. Notify the County when a benchmark was not met, and if there is any arbitrage liability as a result. f. Review documentation according to the arbitrage yield restriction requirements identified for each Bond Issuance. Notify the County when a yield restriction was not met, and if there is any arbitrage liability as a result.