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f. Determine the rebate amount and rebate payment due to the IRS, if any <br />g. Compute/verify the yield reduction payment due on yield restricted nonpurpose <br />investments, if any <br />h. Assist with the purchase of State and Local Government Series of U.S. Treasuries for <br />yield restriction of the investments, if necessary <br />i. Prepare arbitrage reports, including computational methods and assumptions used in <br />the analysis and conclusions supporting the calculation <br />J. Prepare IRS Form 8038-T or 8038-R, if required <br />k. Obtain a legal opinion for the arbitrage reports and IRS Form 8038-T or 8038-R, if <br />required <br />1. Deliver arbitrage reports, along with legal opinion and IRS Form 8038-T or 8038-R, if <br />applicable <br />Maintain a system for computing and tracking the arbitrage liability and future arbitrage computation <br />dates, as necessary. <br />4. Evaluate and make recommendations on record keeping practices for those funds and accounts subject <br />to arbitrage compliance. <br />5. Apprise Client of any changes in the arbitrage regulations that may occur during the term of this <br />Agreement. <br />6. Client acknowledges that, in its sole discretion, Ehlers may contract with third parties selected by Ehlers <br />for the performance of some of the services to be performed hereunder. <br />CLIENT RESPONS16iLi T 1ES <br />Client agrees to provide Ehlers with timely and accurate information regarding pertinent cash and <br />investment activity as well as pertinent revenue and expenditure activities for all funds related to this <br />review. The information that shall be provided includes: <br />A detailed transaction listing of revenues and expenditures made within all funds related to this <br />obligation for the applicable computation period, including: <br />a. Deposits and withdrawals of gross proceeds, including all investment activity such as <br />interest revenues <br />b. Any other information Ehlers may deem necessary to complete the calculations such as <br />running balances <br />2. Client agrees to notify Ehlers of the full redemption of this obligation and obligations covered by <br />subsequent Addenda prior to the final stated maturity date. Failure to do so will relieve Ehlers of <br />any responsibilities under this Agreement. <br />3. Client agrees to notify Ehlers if the Client disagrees with any of the assumptions contained in the <br />summary of computational information of the arbitrage report. Such notice will be made within ten <br />business days upon Client's receipt of said report. <br />