Nevada Administrative Code

NAC 354.555 Fulfillment of requirements of submitting tentative budget and transmitting final budget. (NRS 354.107, 354.594, 354.596, 354.598) If the governing body of a local government submits a fiscal report of the local government to the Department pursuant to NRS 354.6015 an…

NAC 354.557 Submission in electronic format; petition for exemption; submission in alternative format. (NRS 354.107, 354.594, 354.6015) 1. Except as otherwise provided in subsections 7 and 8, the governing body of each local government required to submit electronically a fiscal r…

NAC 354.559 Contents and form; deadlines for submission; forwarding of final budget. (NRS 354.107, 354.594, 354.6015) 1. The fiscal report that the governing body of a local government is required to submit electronically to the Department pursuant to NRS 354.6015: (a) Must inclu…

NAC 354.561 Summary of report: Publication and contents. (NRS 354.107, 354.594, 354.6015) 1. The summary of the fiscal report that the governing body of a local government is required to publish pursuant to NRS 354.6015 must be published before July 1 of each year in the manner r…

NAC 354.566 Definitions. (NRS 354.107, 354.594) As used in NAC 354.566 to 354.577, inclusive, unless the context otherwise requires, the words and terms defined in NAC 354.567 and 354.569 have the meanings ascribed to them in those sections. (Added to NAC by Com. on Local Gov’t F…

NAC 354.567 “Central assessment roll” defined. (NRS 354.107, 354.594) “Central assessment roll” means the central assessment roll described in NRS 361.3205. (Added to NAC by Com. on Local Gov’t Finance by R117-09, eff. 6-30-2010)

NAC 354.569 “Property tax receipts” defined. (NRS 354.107, 354.594) “Property tax receipts” means receipts from ad valorem property taxes, including, without limitation, any receipts from: 1. Taxes on real and personal property which are paid pursuant to NRS 361.483; 2. Deferred …

NAC 354.571 Preliminary summary reports: Filing by tax receiver in each county. (NRS 354.107, 354.594) On or before August 1 of each fiscal year, the tax receiver of each county shall file with the Department, the Department of Education and the county school district a prelimina…

NAC 354.573 Preliminary summary reports: Contents. (NRS 354.107, 354.594) The preliminary summary report required by NAC 354.571 must include: 1. The total amount of the property tax receipts of the county classified by type, including: (a) The total amount of taxes collected for…

NAC 354.575 Report by county school district of corresponding receipts and deductions; reconciliation of differences between reports. (NRS 354.107, 354.594) 1. On or before August 10 of each fiscal year, a county school district shall provide to the Department, the Department of …

NAC 354.577 Final summary reports: Filing by tax receiver in each county; contents. (NRS 354.107, 354.594) 1. On or before September 10 of each fiscal year, the tax receiver of each county shall file with the Department, the Department of Education and the county school district …

NAC 354.581 Interpretation of certain statutory terms. (NRS 354.107, 354.594, 354.59803) As used in NRS 354.59803, the Committee interprets: 1. “Expends more than $6,000” to include only those expenditures that are incurred by the local government in preparation for or during the…

NAC 354.585 Form of report. (NRS 354.107, 354.594, 354.59803) A local government that is required to file a report with the Department pursuant to NRS 354.59803 shall file the report on a form prescribed by the Department for that purpose. (Added to NAC by Com. on Local Gov’t Fin…

NAC 354.595 Posting and maintenance on website of statements of amount of bills allowed. (NRS 354.107, 354.210) 1. If a county maintains an official Internet website, the county must place a link on the official Internet website to the statement of the total amount of bills allow…

NAC 354.650 Explanation by local government; reduction of debt rate. (NRS 354.107, 360.090) 1. If the ending fund balance in the general fund of a local government has been budgeted for less than 4 percent of the actual expenditures from the general fund of the local government f…

NAC 354.660 Certain percentage of ending fund balance not subject to negotiations. (NRS 354.107, 354.6241) 1. Except as otherwise provided in this section, for the purposes of chapter 288 of NRS, a budgeted ending fund balance of not more than 16.67 percent of the total budgeted …

NAC 354.700 Audit required after first year of operation. (NRS 354.107, 354.594, 354.624) Every newly created entity must file an independent audit report at the end of its first full fiscal year of operation; thereafter it may petition for an exemption under NAC 354.010 to 354.0…

NAC 354.712 Adoption by reference of Government Auditing Standards; “generally accepted auditing standards in the United States” interpreted. (NRS 354.107, 354.594, 354.624) 1. For the purposes of NRS 354.624, the Committee interprets the phrase “generally accepted auditing stand…

NAC 354.715 Contents of audit report: Opinions required; fairness statement; reference to certain separate reports; statement of corrective action. (NRS 354.107, 354.594, 354.624, 360.090) 1. If the auditor has been engaged to examine only the combined financial statements, the a…

NAC 354.717 Contents of audit report: Statement of total number of referrals to regional facility for the treatment and rehabilitation of children. (NRS 354.594, 354.624) 1. The report of the annual audit required pursuant to NRS 354.624 of a county or an administrative entity es…

NAC 354.719 Contents of audit report: Discussion and analysis of financial condition; exemption from requirement to submit plan of corrective action; appeals. (NRS 354.107, 354.594, 354.624) 1. Except as otherwise provided in this section, in providing for an annual audit of all …

NAC 354.721 Proposed plan of correction. (NRS 354.107, 354.594, 354.6245) 1. Each proposed plan of correction submitted pursuant to NRS 354.6245 must: (a) Identify the statute or regulation violated; (b) Describe the violation, including when it occurred, how it occurred and the …

NAC 354.725 Filing in duplicate; notification of Department. (NRS 354.107, 354.594, 354.624) 1. The audit report which NRS 354.624 requires to be filed with the Department must be provided in duplicate at the time of filing. 2. At the time of filing, the local government shall in…

NAC 354.735 Request for extension of time to file report. (NRS 354.107, 354.594, 354.624) 1. Except as otherwise provided in subsection 2, a local government which desires an extension of time to file an audit report required by NRS 354.624 must, on or before November 30, submit …

NAC 354.750 Inventory of capital assets: Requirement; guidelines; identifying number. (NRS 354.107, 354.594, 354.625) 1. The governing body of every local government shall take an inventory at least once every 2 years of all its equipment and other personal property which constit…

NAC 354.760 Duties of board of county commissioners after creation of district. (NRS 354.107) After adopting an ordinance creating a general improvement district, the board of county commissioners, as ex officio board of trustees of the district, shall: 1. Transmit a certified co…

NAC 354.770 Hearing regarding corrective action: Date; submission of certified copy of ordinance or resolution. (NRS 360.090) 1. Whenever a board of county commissioners is required to hold a public hearing pursuant to the provisions of NRS 318.515, the hearing date must be set b…

NAC 354.780 Transfer of property, money, taxes and special assessments upon merger or consolidation of district. (NRS 354.107) 1. Upon the merger of any special district to which the Local Government Budget and Finance Act, NRS 354.470 to 354.626, inclusive, is applicable, all pr…

NAC 354.790 Transfer of property, money, taxes and special assessments upon dissolution of district. (NRS 354.107) 1. Upon the dissolution of any special district to which the Local Government Budget and Finance Act, NRS 354.470 to 354.626, inclusive, is applicable, all property …

NAC 354.805 Definitions. (NRS 354.107, 354.594, 354.59891) As used in NAC 354.805 to 354.855, inclusive, unless the context otherwise requires, the words and terms defined in NAC 354.815, 354.825 and 354.835 have the meanings ascribed to them in those sections. (Added to NAC by C…

NAC 354.815 “Cost center” defined. (NRS 354.107, 354.594, 354.59891) “Cost center” means an account used by a local government to track specific assets, liabilities, capital, expenses or income of the local government. (Added to NAC by Com. on Local Gov’t Finance by R043-01, eff.…

NAC 354.825 “Direct cost” defined. (NRS 354.107, 354.594, 354.59891) “Direct cost” means a cost that is readily identifiable with a specific cost center. (Added to NAC by Com. on Local Gov’t Finance by R043-01, eff. 11-1-2001)

NAC 354.835 “Indirect cost” defined. (NRS 354.107, 354.594, 354.59891) “Indirect cost” means a cost that is not readily identifiable with a specific cost center, including, without limitation, indirect labor expenses and general expenses for the maintenance of an office and suppo…

NAC 354.845 Application for exemption from limitation on increase of building permit basis. (NRS 354.107, 354.594, 354.59891) The Nevada Tax Commission will exempt a local government from the limitation on the increase of its building permit basis as provided pursuant to the prov…

NAC 354.855 Permissible expenditures; collection of fees. (NRS 354.107, 354.594, 354.59891) 1. In accordance with paragraph (e) of subsection 4 of NRS 354.59891 and except as otherwise limited by NAC 354.865 to 354.867, inclusive, the following direct and indirect costs of a prog…

NAC 354.865 Definitions. (NRS 354.107, 354.594, 354.613) As used in NAC 354.865 to 354.867, inclusive, unless the context otherwise requires, the words and terms defined in NAC 354.8652 to 354.8664, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by…

NAC 354.8652 “Applicable credits” defined. (NRS 354.107, 354.594, 354.613) “Applicable credits” means those receipts or other credits which apply to offset or reduce any items of expense that are allocable to an enterprise fund, such as, without limitation, the return of a produc…

NAC 354.8654 “Central service cost allocation plan” defined. (NRS 354.107, 354.594, 354.613) “Central service cost allocation plan” means the documentation of a local government that identifies, accumulates, allocates or develops billing rates for the allocation of the cost of se…

NAC 354.8656 “Cost” defined. (NRS 354.107, 354.594, 354.613) “Cost” means the amount of cost as determined on a cash basis, an accrual basis or any other basis in accordance with generally accepted accounting principles. (Added to NAC by Com. on Local Gov’t Finance by R007-12, ef…

NAC 354.8658 “Direct cost” defined. (NRS 354.107, 354.594, 354.613) “Direct cost” means a cost incurred by a department, an agency or an enterprise fund of a local government for services or property specifically associated with and used by that department, agency or enterprise f…

NAC 354.866 “Indirect costs” defined. (NRS 354.107, 354.594, 354.613) “Indirect costs” means costs incurred for a common or joint purpose that benefits more than one cost objective, such as, without limitation, general overhead costs that are not directly linked to a specific pro…

NAC 354.8662 “Payments in lieu of taxes” defined. (NRS 354.107, 354.594, 354.613) “Payments in lieu of taxes” means payments that: 1. Are made to a local government to help offset losses in property taxes; 2. Can be independently determined and verified; and 3. Relate to specific…

NAC 354.8664 “Reasonable cost” defined. (NRS 354.107, 354.594, 354.613) “Reasonable cost” means a cost which, in its nature and amount, does not exceed the cost that would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incu…

NAC 354.8666 Applicability. (NRS 354.107, 354.594, 354.613) NAC 354.8668 and 354.867 do not apply to a local government: 1. That does not have any enterprise funds; or 2. To which subsection 1 of NRS 354.613 does not apply. (Added to NAC by Com. on Local Gov’t Finance by R007-12,…

NAC 354.8668 Central service cost allocation plan: Requirements. (NRS 354.107, 354.594, 354.613) Except as otherwise limited by the provisions of this section and NAC 354.867, the central service cost allocation plan of a local government: 1. May include costs for services and pr…

NAC 354.867 Costs which may be allocated to enterprise fund. (NRS 354.107, 354.594, 354.613) 1. The costs which may be allocated to an enterprise fund of a local government pursuant to paragraph (c) of subsection 1 of NRS 354.613 must be reasonable costs and include only the amou…

NAC 354.875 Identification of certain conditions for determining severe financial emergency: Interpretation of certain statutory terms. (NRS 354.107, 354.685) As used in NRS 354.685, the Committee interprets: 1. The term “decline” to mean a decline of 20 percent or more in the ba…