Gov. Albert Bryan Jr. convened the Matching Fund Special Purpose Securitization Corporation (MFSPSC) Board of Directors meeting to receive a status report on the Capitalized Interest Account and related matters.
Andy Mathes of Causey Demgen and Moore PC, investment advisers to the Matching Fund Special Purpose Securitization Corporation, informed the board that “net earnings on the account are more favorable and materially higher than anticipated, which have resulted in net earnings of more than $5.7 million, over $600,000 more than previously reported.”
Nathan Simmonds, director of Finance and Administration, presented outstanding invoices for reimbursement to the Public Finance Authority for administrative and accounting services and investment fees. The board approved $239,625.25 for reimbursement for expenses incurred on behalf of the corporation.
The board also approved the corporation’s Fiscal Year 2025 Operating Budget of $700,000, which is $60,000 less than the FY 2024 Operating Budget. Other board members present were Michelle Dreyer, secretary; Shiela Robinson, treasurer; and members Pamela Gregorski and Kristine Eppes.
