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 →
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 →
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 →
“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 →
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 →
Most Board members, as well as members of the public, don’t realize that whenever the Board approves a budget which calls for the expenditure of moneys financed in whole or in part by the District’s RFF/BFF, local parcel owners end … 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 →
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 →