Author Archives: admin

Accounting Cover-up?

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Background What words strike fear in executives, accountants, auditors and investors? Restatement of financial reports. This article explains the contortions that IVGID management and Board underwent to avoid restating financial reports. IVGID has no Whistle Blower Ordinance, even though required by Nevada law since 2019. (NRS 281.635) For years, residents including several CPAs protested IVGID’s annual audited financial statements, especially the 2015 switch of the community venues from “Enterprise Fund” accounting which is to be used for business-type activities.  Public records requests for the detail supporting the statements (General Ledger and Chart of Accounts) were refused. Auditor Eide Bailly continued … Continue reading →

Attorney bills $42,950 – but no written opinion/recommendations?

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In December 2021, a legal firm (Thorndal) was retained by the Board of the Incline Village General Improvement District to deal with a subject of importance to Incline Village property owners: compliance with the beach deed. Thorndal’s engagement letter [below] stated: This project will include the following: • Reviewing any proposed changes to Ordinance No.7 and Policy 16.1.1 to ensure compliance with the beach deed and applicable law. • Reviewing the existing practice of providing recreational privileges, including beach access, to non-resident employees, their paid guests, qualified retired employees and some former Trustees without regard to their residency, to ensure … Continue reading →

Leaving green on the green: IVGID Golf Courses did not break even

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During the 2022 season there were 22,994  rounds played at the Championship golf course with an average revenues of $90.63 per round.  Sadly the expenses to produce each round was $120.53 [1][1]so only 75% of costs were recovered resulting in a loss of $688,210 for the season. The Mountain course fared no better.  Rounds played were 16,832 with an average revenue of $40.77 per round but expenses averaged $58.93 per round so only 70% of costs were recovered.  The course lost $305,669. Why is this important?   1)    Each property owner (YOU) paid the equivalent of $84 to subsidize operations … Continue reading →

IVGID to receive $1.6 million federal funds

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UPDATE: As of June 15, 2024, IVGID has yet to receive the $1.6 million promised by Senator Jackie Rosen. Her office has not responded to requests for an update on the status of the promised funds. On December 21, 2022, U.S. Senators Jacky Rosen (D-NV) and Catherine Cortez Masto (D-NV) announced  $167.62 million in Community Project Funding to support 85 programs and projects across Nevada as part of the Fiscal Year 2023 omnibus appropriations package.  The press release stated, “The Incline Village General Improvement District is receiving $1.6 million for its effluent pipeline project. The money will be used to … Continue reading →

IVGID issues “boil water” notice

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The Incline Village General Improvement District issued a “boil water” notice on Nov 23, 2022. The streets IVGID listed as being affected are Mercury Court, Apollo Way, Apollo Court, Lunar Court, Wander Way, Saturn Court, Galaxy Way, Jupiter Drive, Bidwell Court, and Jennifer Street from 975 to 996 or the north end of the street. Common reasons for a boil water notice include loss of pressure in the distribution system, loss of disinfection, and other unexpected water quality problems. These often result from other events such as water line breaks, treatment disruptions, power outages and floods. IVGID is State Water … Continue reading →

Opinion – It’s Official – 2022 Elections

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For 2024 IVGID Trustee elections, see https://ourivcbvoice.com/2024-washoe-county-ivgid-trustee-election-unofficial-results/ Tulloch and Noble win  seats on the Board of Trustee for the Incline Village General Improvement District (IVGID).  Ray Tulloch, a current member of the IVGID Audit Committee (AC), will be an excellent addition to the Board. With two years of AC experience working with Trustee Dent and Schmitz and currently with Trustees Wong and Tonking we should be grateful to have a person who is already up and running. David Noble, a long term resident of Incline, should also be a good addition and hopefully he can get up to speed in … Continue reading →

What is the role of a Trustee?

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At the Board meeting October 12, 2022, resident Linda Smith spoke eloquently of the need for the IVGID Board to provide oversight and be fiduciaries.  The term fiduciary is from Roman law, and means a person invested with rights and powers to be exercised for the benefit of another person. But is the Trustee told that is their job? What is in the IVGID  Trustee Handbook?  We read the handbook and learned: there is NO JOB DESCRIPTION.  Yet, a trustee is arguably one of the most important jobs at IVGID. Newly elected trustees Ray Tulloch and David Noble will take … Continue reading →

Washoe County IVGID election results (unofficial) 2022

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Washoe County has posted unofficial election results for the Incline Village General Improvement District. As of Nov 17, 2022 at 8:16 AM PST, David Noble and Ray Tulloch lead the race. There are two positions. Results are not official until the Board of Commissioners canvass on Nov 18, 2022.   See the results for Washoe County HERE (the Incline Village General Improvement  District Trustee race is the 35th on the page). This page is updated AFTER the results here: https://electionresults.washoecounty.gov/ (Updated Nov 17, 2022 8:16 AM)

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OPINION: Effluent Projects Costs Balloon to $78 Million

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The day after the election, the IVGID Board of Trustees will be presented with a staggering increase in estimated costs for the Effluent Pipeline and three related projects.   The new estimate is $78,700,000. Originally, the estimate was $23,000,000. The Pipeline Project alone has increased $21,700,000 over the estimate provided in March, a mere 8 months ago.  How will this be financed?  Who knows. Sewer rates to customers will have to increase dramatically. Besides the cost increase, interest rates have shot up. In 2013, rates were raised with the promise that $2 million a year would be reserved for the pipeline. … Continue reading →