Author Archives: Admin

Is The District in Violation of The Local Government Budget and Finance Act (“LGBFA”) Because of Its Failure to Create New Major Reporting Funds For Ski, Champ Golf And Possibly Mountain Golf?

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The answer is yes! As elsewhere stated, the District is subject to the LGBFA, and the Governmental Accounting Standards Board’s (“GASB’s”) standards. GASB Statement No. 34 instructs that “major funds are funds whose revenues, expenditures/expenses, assets, or liabilities (excluding extraordinary … Continue reading →

What Are Recreation (“RFF”) And Beach (“BFF”) Facility Fees (at Least According to Staff), How Are They Determined, And Where Does The Money Come From?

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If one examines the Incline Village General Improvement District’s (“IVGID’s”) revenue sources assigned to recreation (but for the beaches), at least up until fiscal year 2019-20 nearly 25% of reported operational revenue came from the RFF. And were it not … Continue reading →

What Is a “User Fee?”

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Given we’ve shared that a general improvement district’s (“GID’s”) Board of Trustees’ (“Board’s”) power to “fix, and from time to time increase or decrease…rates, tolls or charges other than special assessments” flows from NRS 318.197(1), and that this NRS instructs … Continue reading →

What Is a “Service Charge?”

IVGID 101 Posted on by

Given we’ve shared that a general improvement district’s (“GID’s”) Board of Trustees’ (“Board’s”) power to “fix, and from time to time increase or decrease…rates, tolls or charges other than special assessments” flows from NRS 318.197(1), and that this NRS instructs … Continue reading →

What Is a “Standby Service Charge?”

IVGID 101 Posted on by

Given we’ve shared that a general improvement district’s (“GID’s”) Board of Trustees’ (“Board’s”) power to “fix, and from time to time increase or decrease…rates, tolls or charges other than special assessments” flows from NRS 318.197(1), and that this NRS instructs … Continue reading →