Category Archives: Legal Issues

Do The Incline Village General Improvement District’s (“IVGID’s”) Budgets Guaranty Staff Will Not Spend Public Monies, Nor Incur Public Liabilities, Nor Enter Into Public Contracts Which By Their Terms Involve Expenditures in Excess of Those Expressly Appropriated?

IVGID 101 Posted on by

Many residents mistakenly believe District staff’s expenditure of public monies is protected from inappropriate financial deceit/manipulation/wrongdoing simply because: those expenditures must be budgeted to be appropriated; District budgets must be filed with the State; and, it’s unlawful for staff to … Continue reading →

Do The Incline Village General Improvement District’s (“IVGID’s”) Audited Financial Statements Provide The Reasonable Assurance They’re Free From Material Misstatement?

IVGID 101 Posted on by

Many residents mistakenly believe that the District’s financial transactions and reporting are “top notch” because year-after-year we receive “clean audits.” However, by abdicating to our staff (the very people being audited), its responsibility to provide independent “assurance” that the District’s … Continue reading →

Are The District’s Recreation (“RFF”) And Beach (“BFF”) Facility Fees Really Taxes Because They’re The Product of Annual Resolutions The Equivalent of Special Or Local Laws Which Operate Non-Uniformly Throughout The State?

IVGID 101 Posted on by

Yes they are! This one is going to be a bit difficult to follow. But hang in there and let’s go step-by-step. “The Nevada Constitution is The ‘Supreme Law of The State: which `control[s] over any conflicting statutory provisions.’” “It … Continue reading →

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?

IVGID 101 Posted on by

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 →