IVGID Financial Report to State Adjusted by $43M

At the Board of Trustees meeting on June 28th and after reviewing a number of errors on the state forms, three of the five Trustees requested corrections and a thorough review be made of the Indebtedness and 5-year Capital Plan reports before submitting them to the state. The Audit Committee, in working with Interim Director of Finance Magee, corrected the state forms presented to the board on June 28th, specifically year 1 of the 5 year capital plan, by $43 million. Mr. Magee reviewed the edits and corrections on replacement pages provided to the board at their meeting on July 26th. With these changes, the board approved the forms and approved their submission to the Nevada Department of Taxation.