[Rev. 11/21/2013 3:58:10 PM--2013]

[NAC-268 Revised Date: 11-13]

CHAPTER 268 - CITIES: FINANCIAL INFORMATION

268.100            Publication of financial statement.

 

 

 

      NAC 268.100  Publication of financial statement. (NRS 268.030, 354.107)

     1.  If a city maintains an official Internet website, the city must place a link on the official Internet website to the statement of the finances of the city that is required pursuant to NRS 268.030. Such a link must be on a web page that is easily located within the official Internet website of the city.

     2.  In addition to the requirements set forth in NRS 268.030, a statement of the finances of the city that is maintained on the official Internet website of the city:

     (a) Must:

          (1) Remain on the official Internet website of the city until the city 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 city 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 during 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 disbursements and bills allowed and paid for the city for the calendar quarter. The report of disbursements and bills allowed and paid must:

               (I) Except as otherwise provided in this sub-subparagraph, be summarized by payee. Disbursements 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 disbursements and bills allowed and paid for each category and 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 city’s forecast of the receipts for the calendar quarter.

          (2) A report that compares the actual disbursements and bills allowed and paid during the calendar quarter to the amounts budgeted for the disbursements and bills for the calendar quarter.

          (3) A report of receipts deposited during the calendar quarter into each fund or account maintained by the city.

          (4) A report of disbursements and bills allowed and paid during the calendar quarter out of each fund or account maintained by the city.

     3.  The Department of Taxation, on behalf of the Committee on Local Government Finance, may notify the city if the statement of the finances that is posted on the official Internet website of the city 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)