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File #: 21-1549   
Status: Agenda Ready
File created: 10/14/2021 In control: Clark County Board of Commissioners
On agenda: 11/2/2021 Final action:
Title: Approve and authorize the Board of County Commissioners, the Clark County Water Reclamation District Board of Trustees, and the Board of Hospital Trustees of University Medical Center of Southern Nevada to submit the quarterly economic condition reports to the State of Nevada Department of Taxation pursuant to NRS 354.6015 and NAC 354.559 for Clark County. (For possible action)
Attachments: 1. Staff Report, 2. Q1 FY22 Clark County quarterly economic report, 3. CCWRD Q1 FY 2022 QES County

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Jessica L. Colvin, Chief Financial Officer

Recommendation: 

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Approve and authorize the Board of County Commissioners, the Clark County Water Reclamation District Board of Trustees, and the Board of Hospital Trustees of University Medical Center of Southern Nevada to submit the quarterly economic condition reports to the State of Nevada Department of Taxation pursuant to NRS 354.6015 and NAC 354.559 for Clark County.  (For possible action)

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FISCAL IMPACT:

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Additional Comments:

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BACKGROUND: 

Nevada Revised Statute 354.6015 and Nevada Administrative Code 354.559 requires that the governing board of each local government regularly submit fiscal reports to the State of Nevada Department of Taxation.  The content of these fiscal reports includes such items as revenues, expenditures, fund balances, components of assessed value, debt schedules and various other reports that the Local Government Finance Committee determines to be appropriate in assessing the financial status of a local government.

One such report required of the local government is a quarterly report concerning the economic conditions affecting the local government.  The response to this report is due to the Department of Taxation no later than 45 days after the end of each calendar quarter of a fiscal year.  Attached are copies of the reports that will be submitted for Clark County, the University Medical Center, and the Clark County Water Reclamation District, by November 15, 2021.