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"The City of {redacted} has contracted with ACS for over 20 years to do all of our arbitrage rebate calculations.  I have worked with Carol (Huller) on many debt issues and have found her and the other members of ACS to be highly knowledgeable and responsive both on recurring engagements and when special issues or questions arise.  Their firm seems to be among the leaders in their specialized field and keep their finger on the pulse of the Treasury Department to help us stay ahead of potential problems.  I recommend Carol and ACS without reservation."  

- John S.


"Mr. Pahnke, CPA, Managing Director for Arbitrage Compliance Specialists, Inc., has been the project manager in the performance of arbitrage rebate calculations for all three Authorities that I over see as the Chief Financial Officer.   He has served in this capacity since December, 2012.

Mr. Pahnke has been and is currently an integral part of our bond compliance program and oversees every aspect of our arbitrage rebate calculations process from contract transition to our current needs.  As a Certified Public Accountant, Mr. Pahnke’s knowledge of accounting has been extremely important in providing rebate calculation services as well as working with the Internal Revenue Service on complex tax matters, on our behalf.  

Mr. Pahnke and his support team have been thorough and responsive to the arbitrage rebate needs of the Authorities.   I highly recommend Mr. Pahnke and his firm to [redacted] for arbitrage rebate services."

 - David D.