Because central services cost transfers represent such a large percentage of the revenues assigned to the District’s General Fund, we believe it important to understand exactly what this monetary exactment represents. And in the pages which follow, against what/whom they … Continue reading →
Each year when the District’s Board approves a budget for the forthcoming year, it must adopt an updated Central Service Cost Allocation Plan” which provides for transfers from its Utility, Community Services and Beach enterprise funds, to its General Fund … Continue reading →
So let’s assume you’re spending more on expenditures assigned to your General Fund than the revenues you’re able to generate. What do you do to balance your General Fund budget? The short answer is you increase revenues. Or you decrease … Continue reading →
As elsewhere stated, the District’s central services cost transfers are allocated between and come from the District’s Utility, Community Services and Beach Funds. But where do the monies for these transfers actually come from? Take another look at the Plan … Continue reading →
Given NRS 318.210 instructs that “the board shall have and exercise all rights and powers necessary or incidental to or implied from the specific powers granted in this chapter;” and NRS 318.197(1) represents such a specific power which allows GID boards … 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 fuels management or defensible space, generating the revenues necessary to financially … 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), generating the revenues necessary to financially support those functions becomes … 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 →