4/14/2021 IVGID Board Meeting Highlights
Presentation by Nevada Pool/Pact of Loss Control Excellence Award
Marshall Smith commended IVGID staff for completing a review of its risk management policies in various areas of the organization. The grant award of $7700 is intended for use in risk management programs.
Reports to the Board
- District General Counsel Joshua Nelson provided an updated spreadsheet on Mark Smith v. IVGID case showing outside legal expenses of $103,929 to date with an additional $11,000 in dispute.
- Tri-Strategies recommended the District consider projects for possible federal funding through the stimulus package. Tri-Strategies will forward the guidelines to the Board. The emphasis for funding is on public education, healthcare and infrastructure.
Unanimous approval of consent calendar’s single item, rates for golf for 2021-22 which provided for a 10% increase in all you can play passes and modest increases to guest and Hyatt passes.
General Business Items
Receipt of tentative budget
Introduction by GM Winquest
The highlights of the tententive budget included the following comments from GM Winquest:
- Inevitable increases in labor; lack of affordable housing impacts hiring.
- Some decreases in marketing, but contingency if conditions warrant.
- Decrease in travel expenses.
- Increased cost for staffing beaches from mid-April to mid/late October.
- Capital project for beach access control study.
Highlights of the Presentation by Director of Finance, Paul Navazio
- Workshops will occur in May to refine the tentative budget.
- Draft Board policies will be presented at the next meeting to address recommendations for capitalization and other budget related items.
- Central services allocations may be adjusted to align with actual, not budgeted amounts. No changes were proposed to the allocation methodology as were suggested by Moss Adams.
- Increase in operating expenses is due in part to assigning expenses, like software licenses, that were previously capitalized.
- A line item list of budgeted amounts was also provided, but was without comparison to prior years.
- Tentative budget included a single enterprise fund for Community Services, with sub-funds for venues, not separate enterprise funds for each venue as discussed in previous Board meetings.
- Parks budget was presented as a sub-fund of the Community Services Fund, not moved into the General Fund as often requested by Trustee Schmitz.
- Although Ski shows a budgeted “surplus” of $1.5M, revenues are sometimes affected by weather conditions and a surplus can easily “evaporate”.
- 8% increase in non-capital rates (4% was proposed for last year, but deferred) was proposed.
- Utility rate study by Raftelis is underway; recommendations are expected in June for possible fall implementation.
The next Board of Trustees meeting is scheduled for 6 p.m. on Thursday, April 29.