Nevada Department of Taxation fails to protect taxpayers
On March 4, 2025, the Department of Taxation approved IVGID’s request to delay submitting its audit report for the fiscal year ending June 30, 2024, until March 25, 2025. This decision has left many questioning the state’s oversight role and IVGID’s competence in managing public funds.
Key points of concern include:
1. Repeated Failures: This marks the fourth extension for IVGID’s 2024 fiscal year audit, following a pattern of delays and mismanagement that has plagued the district for years.
2. Disclaimer of Opinion: In a shocking revelation reported by a local newspaper in February 2025, IVGID’s auditor announced plans to issue a disclaimer of opinion for the second consecutive year. This is essentially an auditor’s way of saying, “We can’t even form an opinion because the financial information is so inadequate or unreliable.”
3. Auditor Exodus: IVGID’s auditor, Davis Farr, has severed ties with the district, refusing to conduct future audits. This departure speaks volumes about the challenges of working with IVGID’s financial records.
4. State’s Inexplicable Leniency: Despite clear evidence of systemic failures, the Department of Taxation continues to coddle IVGID, raising serious questions about potential conflicts of interest or undue influence at the state level.
5. Pattern of Deception: This marks the fourth extension for just the 2024 fiscal year audit, part of a years-long pattern of delays, excuses, and obfuscation from IVGID officials.
Critics are now calling for immediate and drastic action. Some demand IVGID be put on fiscal watch while others push for criminal investigations into potential fraud or embezzlement. Duplicate invoices of over 6 million dollars were revealed at a Board meeting in 2025. The state’s puzzling willingness to look the other way has given new meaning to “shoving things under the rug”.
The question on resident’s mind: How long will state officials continue to enable IVGID’s financial train wreck before finally stepping in to protect taxpayers and hold those responsible accountable?
UPDATE: April 10, 2025 – IVGID filed for its 5th extension from the Department of Taxation.
Reasons given included, “Additional time is necessary to correct erroneous workpapers submitted by former staff.”
Jessica O’Connell requested the extension for IVGID.
Agreed, what is the likelihood of meeting the ‘new’ deadline? Can we expect another one???!!!
The “new” deadline cannot be met. Davis Farr has said for FY 2024, they will issue a disclaimer. A disclaimer is not an opinion, and therefore cannot satisfy the Nevada law requirements. So the extension is a farce.
In August, 2024, Ray Tulloch was informed:
“Given these factors, the probability of obtaining a clean audit opinion is likely around **0% to 1%**. This reflects the severe financial management issues, unresolved discrepancies, and systemic oversight failures. Without substantial reforms and corrective actions, the likelihood of achieving a clean audit opinion remains virtually nonexistent.”
But Mr. Tulloch did not listen to this – or Chris Nolet, former audit chair, who said in public comment the Board should save their $$$ and get Jennifer Farr to admit upfront that she could not successfully audit IVGID.