NRS 354.604 – Funds maintained by local governments.
Each local government shall maintain, according to its own needs: 1. The following kinds of governmental funds: (a) General fund; (b) Special revenue fund; (c) Capital projects fund; (d) Debt service fund; and (e) Permanent fund. 2. The following kinds of proprietary funds: (a) Enterprise fund; and (b) Internal service fund. 3. The following kinds […]
NRS 354.608 – Contingency account: Establishment; limit on appropriations; expenditures.
A contingency account may be established in any governmental fund. The maximum amount which may be appropriated for such a contingency account is 3 percent of the money otherwise appropriated to the fund, exclusive of any amounts to be transferred to other funds. No expenditure may be made directly from such a contingency account, except […]
NRS 354.609 – Petty cash, imprest or revolving account.
1. The governing body of any local government may, by resolution, establish one or more petty cash accounts, imprest accounts or revolving accounts in a bank or credit union to assist in the administration of any activities in which the local government is authorized by law to engage. 2. A resolution establishing any petty cash […]
NRS 354.6105 – Fund for extraordinary maintenance, repair or improvement of capital projects.
1. A local government may establish a fund for the extraordinary maintenance, repair or improvement of capital projects. 2. Any interest and income earned on the money in the fund in excess of any amount which is reserved for rebate payments to the Federal Government pursuant to 26 U.S.C. § 148, as amended, or is […]
NRS 354.6113 – Fund for construction of capital projects.
1. The governing body of a local government may, by resolution, establish a fund for the construction of capital projects. 2. Any interest or income earned on money in the fund in excess of any amount which is reserved for rebate payments to the Federal Government pursuant to 26 U.S.C. § 148, as amended, or […]
NRS 354.6115 – Fund to stabilize operation of local government and mitigate effects of emergency or natural disaster.
1. The governing body of a local government may, by resolution, establish a fund to stabilize the operation of the local government and mitigate the effects of emergencies or natural disasters. 2. The money in the fund must be used only: (a) If the total actual revenue of the local government falls short of the […]
NRS 354.6116 – Revenue from taxes ad valorem from lessee or user of certain taxable property to be deposited in or transferred to certain funds.
A local government, except a school district, that receives revenue from taxes ad valorem from a lessee or user of property which is taxable pursuant to NRS 361.157 or 361.159 shall deposit the revenue in or transfer the revenue to one or more of the funds established by the local government pursuant to NRS 354.6113 […]
NRS 354.6117 – Limitation on amount of money transferred to certain funds; exception.
1. Except as otherwise provided in subsection 2, the total amount of money which may be transferred in a fiscal year from the general fund of a local government to the funds established pursuant to NRS 354.6113 and 354.6115 must not exceed 10 percent of the total amount of the budgeted expenditures of the general […]
NRS 354.6118 – Interfund loans or loans to other local governments: Public hearing required.
Before making an interfund loan or loaning money to another local government, the governing body of the local government that wishes to make the loan must: 1. Determine at a public hearing that: (a) A sufficient amount of money is available for the loan and that money is not restricted as to its use; and […]
NRS 354.612 – Establishment of one or more funds by resolution required; contents of resolution; accounting requirements; copy of resolution to be provided to Department of Taxation; proprietary funds; enterprise funds.
1. A local government shall establish by resolution one or more funds. The resolution establishing the fund must set forth in detail: (a) The object or purpose of the fund; (b) The resources to be used to establish the fund; (c) The source or sources from which the fund will be replenished; (d) The method […]