Once again, the Incline Village General Improvement District has requested an extension for filing its audited financial statements with the Nevada Department of Taxation.  Interim Finance Director submitted the request for a 69 day extension on November 21, 2024.  Since August, every time the question has been put to IVGID on whether staff expected to complete its audit in a timely manner, the answer has been yes. Were IVGID staff really being truthful?

For its 2023 fiscal year, IVGID requested three extensions. The audit resulted in a disclaimer of opinion, and did not meet NRS 354 requirements.  Will it be –  to use Yogi Berra’s words –  it’s like deja vu all over again?

IVGID and its lawyers continue to withhold public records regarding the Rubin Brown forensic audit. The audit workpapers are, per the contact with Rubin Brown, District property. Well-run organizations use a deliverable checklist to ensure all contract deliverables are actually delivered prior to the vendor being paid in full. In this case, the deliverables were the audit report, the risk assessment, and the audit workpapers.   IVGID did not do so. Trustee Ray Tulloch, one of the IVGID points of contact on the Rubin Brown engagement, clearly failed to ensure all deliverables were received.  A public records request made August 22, 2024 for the audit workpapers has been stone-walled by Rubin Brown LLP, legal counsel Sergio Rudin of BB&K, IVGID Trustees including Raymond Tulloch and Michaela Tonking and IVGID staff including Interim General Manager Karen Crocker and District Clerk Heidi White.