Nevada Administrative Code

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…

NAC 354.878 Requirements for written notice of placement on fiscal watch; requests for documentation; written objection to requested documentation; final decision. (NRS 354.107, 354.675) 1. The written notice of the Department that a local government has been placed on fiscal wat…

NAC 354.880 Definitions. (NRS 354.107) As used in NAC 354.880 to 354.942, inclusive, the words and terms defined in NAC 354.882 to 354.892, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.882 “Day” defined. (NRS 354.107) “Day” means a calendar day. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.884 “Director” defined. (NRS 354.107) “Director” means the Executive Director of the Department. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.886 “Hearing officer” defined. (NRS 354.107) “Hearing officer” means any person the Committee may designate to hear a matter on behalf of the Committee. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.888 “Intervener” defined. (NRS 354.107) “Intervener” means a person or local government, other than an original party to a proceeding, who has secured an order from the Committee, Director or hearing officer granting leave to intervene in the proceeding. (Added to NAC by …

NAC 354.890 “Party” defined. (NRS 354.107) “Party” means a person or local government entitled or required to appear in a proceeding before the Committee. The term includes an intervener. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.892 “Staff” defined. (NRS 354.107) “Staff” means the staff of the Department. The term includes the Attorney General and his or her duly appointed deputies when acting as legal advisers to the Committee pursuant to NRS 228.110. (Added to NAC by Com. on Local Gov’t Finance…

NAC 354.894 Scope and construction of provisions; deviation from provisions. (NRS 354.107) 1. The provisions of NAC 354.880 to 354.942, inclusive: (a) Govern the practice and procedure for proceedings before the Committee to carry out the provisions of NRS 354.655 to 354.725, inc…

NAC 354.896 Hearings conducted by Committee or hearing officer; applicability of provisions. (NRS 354.107) 1. The Committee may hold a hearing on any issue presented to the Committee to carry out the provisions of NRS 354.655 to 354.725, inclusive, or assign a hearing officer to …

NAC 354.898 Pleadings; communications. (NRS 354.107) 1. All pleadings, including, without limitation, any complaints, petitions, answers, briefs, motions, affidavits and applications, must be addressed to the Department and not to individual members of the Committee or staff. All…

NAC 354.900 Transcripts. (NRS 354.107) 1. If a party desires a transcript of any hearing held by the Committee or a hearing officer, the party must furnish the reporter, pay for the transcript and deliver a copy of the transcript to the Director within 20 days after filing an app…

NAC 354.902 Interveners. (NRS 354.107) 1. A person or local government, other than an original party to a proceeding, who is directly and substantially affected by the proceeding and wishes to participate in the proceeding must secure an order from the Committee, Director or hear…

NAC 354.904 Rights of parties and staff at evidentiary hearings. (NRS 354.107) At any evidentiary hearing, the parties and staff may: 1. Call and examine witnesses. 2. Introduce exhibits relevant to the issues of the proceeding. 3. Cross-examine opposing witnesses on any matter r…

NAC 354.906 Representation of parties; qualifications of attorneys. (NRS 354.107) 1. A party may appear in person or as provided in subsection 2, or may be represented by an attorney, accountant or authorized representative. 2. A party, if other than a natural person, may appear:…

NAC 354.908 Hearings: Notice; location; telephone conference; duties of representatives; conduct required. (NRS 354.107) 1. Except as otherwise provided in subsection 5, not less than 10 days before the date set for a hearing, the staff shall serve notice of the place, date and t…