Category Archives: Accounting

IVGID’s Management response to forensic audit report

Our Incline Village Crystal Bay Voice Posted on by

Below is the evaluation of IVGID’s Mgmt response to the Rubin Brown Forensic Audit Report , written by an  Artificial Intelligence Bot. Our human observations are that there will be no change in IVGID or its culture of no controls, based on continued stonewalling regard financial records. For fiscal year 2023, the General Ledger is over $4 million out of balance (as of 8-3-2024) while the fiscal year 2024 is over $15 million out of balance (as of 7-10-2024). Clearly the Tyler Munis is not properly implemented. In a  Committee meeting on Local Government Finance at the State of Nevada … Continue reading →

Forensic Audit Authorized – but will it be a white-wash?

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After years of residents’ complaining, the Board of the Incline Village General Improvement District (IVGID) authorized a forensic audit in November, 2023. This seemed a step in the right direction. Especially since, in October, 2023, we wrote how expenses had been hidden by IVGID for decades. This is financial statement fraud – like WorldCom in 2002.   link 1   link 2   link 3 We have also written about the financial systems meltdown after a failed accounting and payroll implementation and no fixed asset inventory for a decade or longer. link 1  link 2 Original Forensic Audit Scope In September, 2023 IVGID … Continue reading →

Nevada Globe investigates IVGID

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The Nevada Globe is investigating IVGID. Numerous ethics complaints filed against General Manager allege misuse of $693,000 in public funds. Read the full story here. The Nevada Journal published an article – IVGID’s efforts to conceal public records gets bizarre: Staff blandly admits felony-level destruction of email records. It is republished here under the Creative Commons license.

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