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 … Continue reading →
Courts have oftentimes been asked to define the characteristics of a “fee,” and how they differ from other kinds of monetary exactions such as “taxes.” And as elsewhere explained, just because staff and past Boards have called Recreation (“RFF”) and … Continue reading →
“In 1997, the Legislature enacted the Local Government Tax Distribution Account, referred to as the (Consolidated or) C-Tax (1997 Nev. Stat., ch. 660, §1, at 3278). The C-Tax is designed to fund local governments and their corresponding entities by ‘creat[ing] a … Continue reading →
There are several different types of real property “assessments.” There can be the assessment for purposes of ad valorem taxation. As well as the assessment in an homeowners’ association for common expenses. And here there can be “a special assessment … Continue reading →
Since this web site deals so much with the District’s finances and their financial reporting, we believe it is important for you the reader to understand the latter. Hence this attempt. In Nevada a local government’s financial practices are regulated … Continue reading →
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 … Continue reading →
Because here most people think that a local government’s budgets ensure that the public is protected from inappropriate financial manipulation because they: are mandated by the State; must be balanced; and, are reviewed by the State Department of Taxation (“NDOT”), … Continue reading →
Allocating The Cost Amongst Multiple Funds/Sub-Funds, Whether or Not The Allocation is Justified: The Recreation (“RFF”) and Beach (“BFF”) Facility Fees, and the water/sewer utility rates local parcel owners involuntarily pay. But annual audits of all local governments’ financial statements … Continue reading →
Because most people think that the State’s mandated audits of a local government’s financial statements protect the public from inappropriate financial manipulation because they are reviewed and approved by the Nevada Department of Taxation (“NDOT”), here we examine what constitutes … Continue reading →
The costs the District incurs for its mandated audits are not inconsequential. To give the reader an idea, “at the…Board of Trustees(‘)…meeting of March 10, 2021 the Board…approved a five-year professional services contract with DavisFarr, LLP to provide independent audit … Continue reading →