As elsewhere explained, the RFF/BFF do not meet the requisites of a “fee,” regardless of the precise label assigned. So it really doesn’t matter if they are the “standby and service charges” the District represents. Nevertheless, naysayers will argue otherwise … Continue reading →
As elsewhere stated, in Nevada GIDs are limited purpose special districts. Meaning their powers are limited to those expressly provided by statute and none others1. And if you the reader examines the powers which have actually been granted to IVGID, … Continue reading →
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 →
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 →
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 →
For the reasons which follow, the answer is no! What is a “Special Assessment?” Since this subject is thoroughly examined at our What is a Special Assessment web page, rather than repeating ourselves, we simply refer the reader to this discussion. Listen … Continue reading →
No it doesn’t! The District’s Exemptions From Paying The RFF/BFF Are Not Allowed Under NRS 318: We expect the District will continue to exempt favored collaborators, including itself, from paying the RFF/BFF notwithstanding nowhere in NRS 318 is it allowed. … Continue reading →
No it isn’t! As we’ve discussed elsewhere, according to staff their central services represent “services provided by the General Fund under Board policy.” And central services cost transfers represent payment for those services which are allegedly furnished to other District … Continue reading →
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 →
If one examines the Incline Village General Improvement District’s (“IVGID’s”) revenue sources assigned to recreation (but for the beaches), at least up until fiscal year 2019-20 nearly 25% of reported operational revenue came from the RFF. And were it not … Continue reading →