In The News – Fraud risk looms as IVGID Board hikes utility rates
July 14, 2024 | Member Submitted
Originally Published in the Tahoe Daily Tribune, 07/12/2024, Written by Brenna O’Boyle
INCLINE VILLAGE, Nev. – The Incline Village General Improvement District (IVGID) Board of Trustees faced a dual challenge Wednesday, grappling with a forensic report warning of “high risk of fraud” while simultaneously approving increases to sewer and water rates.
Certified public accountants and business consultants RubinBrown, LLP, of St. Louis, Missouri, presented a draft forensic due diligence report to the IVGID Board.
“We see high risk of fraud and abuse until management represents an appropriate tone at the top to develop, maintain and monitor an appropriate internal control environment,” Thomas Zetlmeisl, a partner at RubinBrown said during the presentation.