Nev. Const. Art. 8, Sec. 8: As elsewhere discussed, we begin our analysis with the Nevada Constitution given it “is the ‘supreme law of the state which ‘control[s] over any conflicting statutory provisions.’” Nev. Const. Art. 8, Sec. 8 instructs that the Legislature shall provide … Continue reading →
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 →