Budget increases for General Fund out of control
Under Nevada law, the “General fund” is used to account for all financial resources except those required to be accounted for in another fund. At IVGID, the General Fund collects property taxes, consolidated tax (sales and other taxes) and LGTA taxes; these pay for the administrative costs of operating the District. Some of the fund expenses are allocated to recreational venues and utilities The fund’s total combined revenues for the fiscal year ending June 30, 2024 tentative budget is $6,615,297. General Fund expenses appears to have gotten out of control. The Fund’s Tentative Budget for FY2024 increases are well beyond … Continue reading →










