From 2016-2022, IVGID purchased over $53 million of “capital assets”, account 8120.  These expenditures, include vehicles, off-road vehicles (snowmobiles, utility carts, etc.), heavy equipment (Caterpillar front-loaders,  backhoe, etc.), equipment (golf course mowers, spreaders, forklift, etc) tools (chainsaws, etc) and other items, as infrastructure projects. These expenditures push up rates and fees; the golf courses have millions of dollars of equipment. If Fixed Assets are not properly managed, rates and fees are higher than they should be.    In May, 2023,  public records requests were made to examine IVGID’s Fixed Assets List, year ending 2019. In examining the Fixed Asset List[1] … Continue reading →

MEMORANDUM TO:  Board of Trustees CC:  Brad Underwood and Mike Bandelin June 14, 2023 Re: Effluent Pipeline  – CMAR Contract with Granite Construction –  Construction Manager Fee Percentage It is with dismay, that the Staff of IVGID, the Board of  Trustees and the attorney Josh Nelson  cannot  review and insure that important items in a contract are clearly stated and appropriate. The  contract for the Effluent Pipeline  phase 1 to install 5,500 LF  is for a maximum price of $9.4 million. It should clearly indicate the Construction Manager’s  Fee Percentage (7.3) .  Within the Bid Schedule the amount of Contractor … Continue reading →

by Clifford F. Dobler For the seven years from 2016 to 2022, the two Golf Courses had combined operating losses on average of $572,525 each year which was covered by profits from Diamond Peak. In addition $1,046,118 each year on average was spent on capital improvements and were covered by a portion of the Facility Fees assessed annually to all property owners.  (Source: annual CAFRs)[1]  The Board of Trustees realized that a review of the pricing policies should be established and Moss Adams, a regional CPA firm, on March 4, 2021, was issued a contract to determine the best method … Continue reading →

Has the Incline Village General Improvement District “concealed” public records? READ THIS EMAIL EXCHANGE – and you can decide for yourself.   Mr. Tulloch never received the public records he requested: the General Ledger. He  was elected in November, 2022 to the role of Trustee of the Incline Village General Improvement District. In July, 2022, a reporter from the Globe finally obtained a copy of the FY2021 general ledger. This was FIVE YEARS after Mr. Tulloch requested the records. The General Ledgers for 2017, and the 3 prior years HAVE NEVER BEEN RELEASED. Why is the general ledger important? The … Continue reading →

Although the Incline Bike Park is a family-friendly outdoor recreation venue that no doubt has it proponents, it is concerning from a financial perspective. Fund-raising for the first phase fell short, and there’s little indication that additional funding at the levels needed will be forthcoming. In 2014, the Incline Bike Project was formed by a group of Incline Village / Crystal Bay residents and the Incline Tahoe Foundation. A bike park/pump track is a park with a continuous loop of dirt berms and “rollers” (smooth dirt mounds) that you ride without pedaling. A memorandum of understanding in 2016 between Incline … Continue reading →