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Services - Financial Soundness Review
As a service to member communities, AMP-Ohio can provide an annual review of the electric fund portion of the community's enterprise fund. Such a review both alerts the community to any potential areas of concern and helps member communities participating in AMP-Ohio sponsored financings or projects maintain their electric fund's bond-debt covenant obligations. If a review should reveal an area of concern, the community is immediately alerted to the issue. Should it be found necessary for the member to raise rates, AMP-Ohio's finance & accounting program can provide a cost-of-service study to establish the rates necessary to maintain financial soundness as well as to maintain the bond-debt covenant obligations of the member community's electric fund. These electric fund reviews can also be initiated at any time at the request of the member community.
Contact: Chris Deeter, director of member accounting & finance, 614/337-6222 or cdeeter@amp-ohio.org.
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