The capital fund has a spreadsheet. The water fund has one. So does every school project. Knowing how much spend-down is left means opening each file and calculating it by hand — and hoping nobody changed a formula since the last time.
Every month, trustee withdrawals get matched against internal records by hand. Hours go into confirming what was drawn, for which project, from which series — before anyone can say what proceeds remain available.
Projects change. A facility gets leased to a private operator, space gets repurposed, an asset gets sold early. When private use and spend-down tracking sit in separate files, the first sign of a problem can be a question from bond counsel.
Build your project list and link each project to one or more bond series, including refunding series. Record spend from bond proceeds, equity, and other sources, and see exactly which series funds each project through every refinancing.
Track spend at the invoice level, tied to projects and project funds. Match trustee withdrawals to specific expense line items, manage the full reimbursement workflow, and reallocate funds as plans change — with available proceeds by project and series visible at any point.
Record private use at the project level by time, space, revenue, or other units — including disproportionate use and early sale of assets — and pull private use data for any date. Warnings flag when usage exceeds applicable limits, and real-time private use calculations against IRS limits run series by series.
Project details, documents, and notes live together, organized with custom categories and reporting fields, alongside the complete history of project funding and usage. Bond counsel, tax counsel, and other partners work in the same shared space, with unlimited internal and external seats.
Bond Proceeds Management runs on the same debt record your team already maintains — every series, every refunding, every trustee account. The trail runs unbroken from bond issue to project fund to project to spend, and the answer to “how much is left?” comes from the same numbers your auditor sees.
Proceeds tracking, trustee reconciliation, and private use compliance sit inside the debt record from day one, because tax-exempt financing is where government and nonprofit capital starts.
The funding lineage, the documents, and the private use record stay with the project. When the person who tracked a series for years moves on, the next person inherits the full file — from the first draw to the last invoice.
Ask Marty, our built-in AI analyst, how much remains unspent on a project, which series funded it, or what the trustee paid out last month — every answer links back to the invoice and withdrawal behind it. Marty retrieves and drafts; every reallocation and every report waits for your review and approval.
Journal entries and long-term obligation disclosures generated from the same debt record.
Analyze new-issue structuring options directly within Monetary.
Track variable rate resets and commercial paper draws, rolls, and payoffs in one place.
Filter and analyze your outstanding par across type, purpose, and fund.
We’ll load a recent series with its project funds and trustee activity — and show you spend-down by project, the reconciliation, and the audit trail the way you’d hand it to your auditor.
