Since this web site deals so much with the District’s finances and their financial reporting, we believe it is important for you the reader to understand the latter. Hence this attempt. In Nevada a local government’s financial practices are regulated … Continue reading →
Because here most people think that a local government’s budgets ensure that the public is protected from inappropriate financial manipulation because they: are mandated by the State; must be balanced; and, are reviewed by the State Department of Taxation (“NDOT”), … Continue reading →
Because most people think that the State’s mandated audits of a local government’s financial statements protect the public from inappropriate financial manipulation because they are reviewed and approved by the Nevada Department of Taxation (“NDOT”), here we examine what constitutes … Continue reading →
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 →