In The News – IVGID discusses budget, forensic due diligence, beach pricing
August 9, 2024 | Member Submitted
Originally published in the Tahoe Daily Tribune, 08/07/2024, Written by Brenna O’Boyle
INCLINE VILLAGE, Nev. – The Incline Village General Improvement District has made no effort to control payroll costs, according to the May 2024 Treasurer’s report presented by Trustee Raymond Tulloch during the Wednesday, July 31 board of trustees meeting.
“We’re running well ahead of budget, which is not a good thing in this case,” Tulloch said.
Total payroll and accounts payable expenses are $4,649,661.
Total year to date payroll and accounts payable are $53,902,035.
Tulloch went over the investments including total market value of investments $36,220,829; total monthly interest and dividends $141,539; and total monthly deposits, withdrawals and change in value $17,964.