Nac: Chapter 244 - Counties: Financial Information

Link to law: http://www.leg.state.nv.us/nac/NAC-244.html
Published: 2015

[Rev. 11/21/2013 3:58:07

PM--2013]



[NAC-244 Revised Date: 11-13]

CHAPTER 244 - COUNTIES: FINANCIAL

INFORMATION

244.100            Publication of financial statement.

 

 

 

      NAC 244.100  Publication of financial statement. (NRS 244.225, 354.107)

     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 amounts of receipts and expenditures that is

required pursuant to NRS 244.225.

Such a link must be on a web page that is easily located within the official

Internet website of the county.

     2.  In addition to the requirements set forth

in NRS 244.225, a statement of

the total amounts of receipts and expenditures that is maintained on the

official Internet website of the county:

     (a) Must:

          (1) Remain on the official Internet website of

the county until the county updates the statement after the end of the next

calendar quarter.

          (2) Be updated not later than 45 days after

the end of every calendar quarter.

          (3) Identify whether the accounting basis of

the statement is the cash or modified accrual basis.

          (4) Report on a cash or modified accrual basis

the receipts of the county for the calendar quarter. The report of receipts

must:

               (I) Be summarized by category or source,

including, without limitation, taxes, licenses and permits, intergovernmental

resources, charges for services, fines and forfeitures, and miscellaneous

receipts; and

               (II) Set forth the total amount of

receipts for each category or source for the calendar quarter and the period

from the beginning of the current fiscal year through the end of the calendar

quarter.

          (5) Report on a cash or modified accrual basis

the expenditures of the county for the calendar quarter. The report of

expenditures must:

               (I) Except as otherwise provided in this

sub-subparagraph, be summarized by payee. Expenditures related to the

employment of personnel may be reported as total salaries, wages or benefits,

as applicable, without reference to the amounts paid to or on behalf of any

individual officer or employee; and

               (II) Set forth the total amount of

expenditures for each category and amounts paid to each payee during the

calendar quarter and the period from the beginning of the current fiscal year

through the end of the calendar quarter.

     (b) May include, without limitation:

          (1) A report of the actual receipts received

during the calendar quarter compared to the county’s forecast of the receipts

for the calendar quarter.

          (2) A report that compares the actual

expenditures made during the calendar quarter to the amounts budgeted for

expenditures for the calendar quarter.

          (3) A report of receipts deposited into each

fund or account maintained by the county during the calendar quarter.

          (4) A report of expenditures paid during the

calendar quarter out of each fund or account maintained by the county.

     3.  The Department of Taxation, on behalf of

the Committee on Local Government Finance, may notify the county if the

statement of receipts and expenditures that is posted on the official Internet

website of the county does not comply with the requirements of this section.

     (Added to NAC by Com. on Local Gov’t Finance by R005-12,

eff. 12-20-2012)
Read Entire Law on www.leg.state.nv.us