Because central services cost transfers represent such a large percentage of revenues assigned to the District’s General Fund, we believe it important to understand exactly what these services represent. Because as we have explained elsewhere, general improvement districts (“GIDs”) are limited purpose forms … Continue reading →
Yes it does! As stated elsewhere, every year when the District’s Board of Trustees (“Board”) approves a budget for the forthcoming year, it adopts an updated Central Service Cost Allocation Plan” which provides for payment via transfers from its Utility, Community Services … Continue reading →
Each year when the District’s Board of Trustees (“Board”) approves a budget for the forthcoming year, it adopts an updated Central Service Cost Allocation Plan pursuant to Board Policy 18.1.0 which is designed to distribute “the cost of services provided … 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 →
As we’ve discussed elsewhere, according to staff the District’s “central services” represent “services (allegedly) provided by the General Fund under Board [of Trustees (“Board”)] policy” to the other District departments from which monetary transfers are made. But are they really? … 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. Given ¶1.1 of Board of Trustees’ (“Board’s”) Policy No. 6.1.0 mandates adoption of a balanced operating budget, what do you … Continue reading →
As demonstrated elsewhere, the purpose for general improvement districts (“GIDs”) is supposed to be “to provide various urban type services (to real property in)…areas where such services (a)re not available and (cannot) be provided (for) by general purpose government(s)” such as counties, cities and … 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 a specific power which allows GID boards to … 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 we have discussed elsewhere, the only basic powers a general improvement district (“GID”) may legitimately exercise (including the power to fix fees and assess taxes) are those expressly granted in its initiating and supplemental ordinance(s) “as supplemented by the … Continue reading →