Category: Audit Committee
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IVGID Forensic Due Diligence Audit Released
The results of the forensic due diligence audit were released following a six-month review costing $400,000. The report highlighted 41 observations; 16 ranked as high risk, 12 as moderate risk, and 13 as low risk, indicating pervasive issues throughout the organization.
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Department of Taxation Requests Meeting With IVGID
IVGID incurred a delay in filing their 2022/2023 audit, which was due on January 31, 2024. Despite enlisting consultants back in August and September to assist, the organization found itself requesting three extensions, the final one extending the deadline to March 31, 2024. The Committee on Local Government Finance at…
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What’s Really Happening With IVGID Financials
It is a challenging time for the IVGID staff. However, the hysteria and fear mongering being perpetuated by community members and even some Trustees that there are near catastrophic accounting issues at this point is unfounded. We clearly have issues we need to solve and we need to constructively solve them. …
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Former IVGID Director of Finance Paul Navazio Sets the Record Straight
In the short-term, the District undoubtedly faces significant challenges as it works to complete its year-end close and support the independent annual financial statement audit. This effort is made even more difficult in an environment where the Finance Department has suffered significant attrition of experienced and knowledgeable staff, and at…
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Mick Homan Resigns From IVGID Audit Committee
Mick is a well regarded Incline Village resident with four decades in the public accounting and controllership profession. Last night he resigned from the IVGID Audit Committee. His resignation letter, now in the public record, explains why he resigned in great detail, and is must reading for Incline Village and…