As elsewhere discussed, NRS 354.624(1) mandates that as a Nevada “local government” subject to the Local Government Budget and Finance Act (“LGBFA”), each year IVGID must “provide for an audit of all of its financial statements.” Given NRS 354.486 provides for … Continue reading →
The costs the District incurs for its mandated audits are not inconsequential. To give the reader an idea, “at the…Board of Trustees(‘)…meeting of March 10, 2021 the Board…approved a five-year professional services contract with DavisFarr, LLP to provide independent audit … Continue reading →
Unlike budgets and audits, the NRS does not mandate local governments adopt strategic plans. Yet “when it comes to getting things done as a local government, (we are told that) two of the most critical variables are budgets and timeframes. … Continue reading →
Although this may appear to be a straightforward question, we believe it warrants a closer look. Because our ultimate question is whether a limited power General Improvement District (“GID”) can charge a fee associated with entrance into a solid waste … Continue reading →
So as elsewhere stated, we see that the District’s central services costs are directly allocated and transferred from its Utility, Community Services and Beach Funds to its General Fund. But where do the monies from these former funds actually come … Continue reading →
As explained elsewhere, general improvement districts (“GIDs”) are limited purpose forms of local government with very little means of generating revenue. So when they undertake functions beyond their limited purpose(s) such as building bloated infrastructure support which can be outsourced for less. Not … Continue reading →
“In 1997, the Legislature enacted the Local Government Tax Distribution Account, referred to as the (Consolidated or) C-Tax (1997 Nev. Stat., ch. 660, §1, at 3278). The C-Tax is designed to fund local governments and their corresponding entities by ‘creat[ing] a … Continue reading →
In an exchange transaction “each party receives and gives up essentially equal values.” In an exchange-like transaction “the values exchanged, though related, may not be quite equal or in which the direct benefits may not be exclusively for the parties … Continue reading →
This topic is about the giveaway of the public’s facilities, programming and other assets to a staff determined favored third party “collaborator” at local parcel owners’ expense. And here it just so happens to be the Recreation Center, and the … Continue reading →