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 →
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 →
Because central services cost transfers represent such a large percentage of all revenues assigned to the District’s General Fund, we believe it important to understand exactly what these services represent, and how their amounts are determined, allocated, and assessed. As … Continue reading →
As we’ve discussed 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 and Beach … 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 we are told is designed to distribute “the cost … 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 →