reglab/housing_qa huggingface dataset:
NV Rev Stat § 354.290 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.290 - County auditor to audit apportionments and keep record of receipts and expenditures; quarterly statements.

  1. The county auditor of each county shall:  (a) Audit all apportionments made by the county treasurer.  (b) Keep a complete record of all such apportionments to and disbursements from funds established under NRS 354.604.  (c) Keep accounts showing the amount of revenue received from each of the various sources, the amount of expenditures of the various departments and the object of the expenditures.  2. At a regular meeting of the board of county commissioners in October, January, April and September, the county auditor shall submit to the board a statement containing the information required by subsection 1 in such detail as may be required, but the statement must, in any event, show the amount of outstanding warrants against and the available balance in each county, state and special fund, together with an analysis of revenues and expenditures for the previous quarter by account and fund. The analysis must use the same accounts and funds as were used in the budget adopted by the board of county commissioners for the applicable fiscal year and must be so organized as to relate directly to that budget.  3. This section is mandatory, and any county auditor failing to comply with the provisions of this section shall be punished as provided in NRS 354.310.  [3:184:1919; 1919 RL p. 2703; NCL § 2069] + [Part 4:184:1919; A 1923, 346; 1933, 60; 1931 NCL § 2070] — (NRS A 1957, 236; 1971, 1340; 1975, 1799; 1981, 1757)
NV Rev Stat § 354.310 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.310 - Provisions of NRS 354.270, 354.280 and 354.290 mandatory; penalties.

NRS 354.270, 354.280 and 354.290 shall be considered mandatory, and any county treasurer or county auditor failing to comply with the provisions thereof is guilty of malfeasance, misfeasance or nonfeasance in office.  [Part 4:184:1919; A 1923, 346; 1933, 60; 1931 NCL § 2070] — (NRS A 1975, 640)
NV Rev Stat § 354.470 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.470 - Short title.

NRS 354.470 to 354.626, inclusive, may be cited as the Local Government Budget and Finance Act.  (Added to NRS by 1965, 725; A 1971, 1012, 1340; 1973, 1080; 1977, 509; 1983, 1618; 1987, 1031; 1995, 2553; 1997, 3294; 1999, 833; 2001, 1421, 1795; 2003, 78; 2005, 576, 1402; 2011, 1688; 2013, 2711)
NV Rev Stat § 354.472 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.472 - Purposes of Local Government Budget and Finance Act.

  1. The purposes of NRS 354.470 to 354.626, inclusive, are:  (a) To establish standard methods and procedures for the preparation, presentation, adoption and administration of budgets of all local governments.  (b) To enable local governments to make financial plans for programs of both current and capital expenditures and to formulate fiscal policies to accomplish these programs.  (c) To provide for estimation and determination of revenues, expenditures and tax levies.  (d) To provide for the control of revenues, expenditures and expenses in order to promote prudence and efficiency in the expenditure of public money.  (e) To provide specific methods enabling the public, taxpayers and investors to be apprised of the financial preparations, plans, policies and administration of all local governments.  2. For the accomplishment of these purposes, the provisions of NRS 354.470 to 354.626, inclusive, must be broadly and liberally construed.  (Added to NRS by 1965, 725; A 1971, 1012, 1340; 1981, 1758; 2001, 1795; 2005, 576; 2011, 1689; 2013, 2711)
NV Rev Stat § 354.474 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.474 - Applicability to local governments; "local government" defined.

  1. Except as otherwise provided in subsections 2 and 3, the provisions of NRS 354.470 to 354.626, inclusive, apply to all local governments. For the purpose of NRS 354.470 to 354.626, inclusive:  (a) "Local government" means every political subdivision or other entity which has the right to levy or receive money from ad valorem or other taxes or any mandatory assessments, and includes, without limitation, counties, cities, towns, boards, school districts and other districts organized pursuant to chapters 244A, 318, 318A and 379 of NRS, NRS 450.550 to 450.750, inclusive, and chapters 474, 541, 543 and 555 of NRS, and any agency or department of a county or city which prepares a budget separate from that of the parent political subdivision.  (b) "Local government" includes:  (1) The Nevada Rural Housing Authority for the purpose of loans of money from a local government in a county whose population is less than 100,000 to the Nevada Rural Housing Authority in accordance with NRS 354.6118. The term does not include the Nevada Rural Housing Authority for any other purpose.   (2) A regional authority formed pursuant to NRS 315.7805 but, except as otherwise provided in subparagraph (1), does not include any other housing authority created by or pursuant to chapter 315 of NRS.  2. An irrigation district organized pursuant to chapter 539 of NRS shall fix rates and levy assessments as provided in NRS 539.667 to 539.683, inclusive. The levy of such assessments and the posting and publication of claims and annual financial statements as required by chapter 539 of NRS shall be deemed compliance with the budgeting, filing and publication requirements of NRS 354.470 to 354.626, inclusive, but any such irrigation district which levies an ad valorem tax shall comply with the filing and publication requirements of NRS 354.470 to 354.626, inclusive, in addition to the requirements of chapter 539 of NRS.  3. An electric light and power district created pursuant to chapter 318 of NRS shall be deemed to have fulfilled the requirements of NRS 354.470 to 354.626, inclusive, for a year in which the district does not issue bonds or levy an assessment if the district files with the Department of Taxation a copy of all documents relating to its budget for that year which the district submitted to the Rural Utilities Service of the United States Department of Agriculture.  (Added to NRS by 1965, 726; A 1967, 937, 1387; 1969, 1390; 1971, 13, 1013, 1341; 1977, 539; 1979, 361; 1993, 1150; 1995, 815, 2553; 2005, 576; 2011, 1377, 1689, 2727; 2013, 2711; 2017, 1960, 2037, 2721)
NV Rev Stat § 354.475 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.475 - Exemption of certain special districts from certain requirements of Local Government Budget and Finance Act; conditional exemption from requirement of providing annual audit; request for audit of exempt special district by board of county commissioners; regulations.

  1. All special districts subject to the provisions of the Local Government Budget and Finance Act with annual total expenditures of less than $300,000 may petition the Department of Taxation for exemption from the requirements of the Local Government Budget and Finance Act for the filing of certain budget documents and audit reports. Such districts may further petition to use a cash basis of accounting.  2. A special district subject to the provisions of the Local Government Budget and Finance Act with budgeted annual total expenditures of $300,000 or more in a fiscal year that reasonably anticipates its actual annual total expenditures for that fiscal year will be less than $300,000 may petition the Department of Taxation for a conditional exemption from the requirement of providing for an annual audit pursuant to NRS 354.624 for that fiscal year. If the actual annual total expenditures of the special district are $300,000 or more, the special district shall provide for an annual audit for that fiscal year.  3. A petition filed with the Department of Taxation:  (a) Pursuant to subsection 1 must be received by the Department of Taxation on or before March 1 to be effective for the succeeding fiscal year; or  (b) Pursuant to subsection 2 must be received by the Department of Taxation on or before March 1 to be effective for the current fiscal year.  4. A board of county commissioners may request the Department of Taxation to audit the financial records of a special district that is exempt from the requirement of providing for an annual audit pursuant to this section.  5. If a petition filed by a special district pursuant to subsection 1 is granted by the Department of Taxation:  (a) The minimum required of the special district is the filing with the Department of Taxation of an annual budget on or before April 15 of each year and the filing of fiscal reports in accordance with NRS 354.6015; and  (b) The special district is exempt from all publication requirements of the Local Government Budget and Finance Act, except that the Department of Taxation by regulation shall require an annual publication of a notice of budget adoption and filing.  6. The Committee on Local Government Finance shall adopt regulations pursuant to NRS 354.594 which are necessary to carry out the purposes of this section.  7. The revenue recorded in accounts that are kept on a cash basis must consist of cash items.  8. As used in this section, "cash basis" means the system of accounting under which revenues are recorded only when received and expenditures or expenses are recorded only when paid.  (Added to NRS by 1973, 440; A 1975, 1684; 1981, 1759; 1983, 253; 1989, 321; 1991, 646; 2001, 1421, 1795, 2318; 2003, 78, 83, 801; 2017, 188)
NV Rev Stat § 354.476 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.476 - Definitions.

As used in NRS 354.470 to 354.626, inclusive, unless the context otherwise requires, the words and terms defined in NRS 354.479 to 354.578, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1965, 726; A 1971, 1013, 1341; 1981, 1759; 1987, 1675; 1989, 2074; 1991, 1434; 1995, 1934, 2554; 1997, 647; 2001, 537, 1497, 1796; 2003, 52; 2005, 577; 2009, 432; 2011, 1690, 2728; 2013, 2712)
NV Rev Stat § 354.479 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.479 - "Accrual basis" defined.

Accrual basis means the basis of accounting under which expenditures or expenses are recorded as soon as they result in liabilities for benefits received and revenues are recorded when earned, despite the possibility that the receipt of the revenue or the payment for the expense may take place, in whole or in part, in another accounting period.  (Added to NRS by 1967, 940; A 1971, 183; 1981, 1759)
NV Rev Stat § 354.4815 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.4815 - "Administrative entity" defined.

Administrative entity means an entity created pursuant to an interlocal agreement or interlocal contract between two or more counties to operate a regional facility.  (Added to NRS by 2001, 536)
NV Rev Stat § 354.4817 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.4817 - "Anticipated revenue" defined.

Anticipated revenue means the amount of revenue anticipated to be collected or accrued during a given period.  (Added to NRS by 1965, 728; A 1981, 1762; 2001, 1797)
NV Rev Stat § 354.482 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.482 - "Appropriation" defined.

Appropriation means an authorization by a governing body to make expenditures and to incur obligations for specified purposes.  (Added to NRS by 1965, 726)
NV Rev Stat § 354.484 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.484 - "Assets" defined.

Assets means property which:  1. Is owned by a governmental unit; and  2. Has a monetary value.  (Added to NRS by 1965, 726; A 1981, 1760)
NV Rev Stat § 354.486 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.486 - "Audit" defined.

Audit means the examination and analysis of financial statements, accounting procedures and other evidence made in conformity with generally accepted auditing standards in the United States for one or more of the following purposes:  1. Determining the propriety and mathematical accuracy of material financial transactions;  2. Ascertaining whether financial transactions have been properly recorded;  3. Ascertaining whether the financial statements prepared from the accounting records fairly present in all material respects the financial position and the results of financial operations and cash flows of the governmental unit in accordance with generally accepted accounting principles in the United States and on a basis which is consistent with that of the preceding year;  4. Evaluating internal accounting controls over financial reporting of the handling of the public money and public property;  5. Determining whether the fiscal controls established by law and administrative regulations are being properly applied;  6. Determining whether there is any evidence that fraud or dishonesty has occurred in the handling of funds or property;  7. Determining whether the acquisition, depreciation and disposition of property and equipment are accounted for in accordance with generally accepted accounting principles in the United States; and  8. Determining whether the removal of the uncollectible accounts receivable from the records of a governmental unit is done in accordance with the procedure established by law and administrative regulations.  (Added to NRS by 1965, 726; A 1981, 1760; 1993, 1199; 2001, 1796)
NV Rev Stat § 354.492 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.492 - "Budget" defined.

Budget means a plan of financial operation embodying an estimate of proposed expenditures and expenses for a given period and the proposed means of financing them.  (Added to NRS by 1965, 727; A 1981, 1760)
NV Rev Stat § 354.493 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.493 - "Budget augmentation" defined.

Budget augmentation is a procedure for increasing appropriations of a fund with the express intent of employing previously unbudgeted resources of the fund for carrying out the increased appropriations.  (Added to NRS by 1971, 1012; A 1981, 1761)
NV Rev Stat § 354.496 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.496 - "Budget year" defined.

Budget year means the fiscal year for which a budget is being prepared.  (Added to NRS by 1965, 727)
NV Rev Stat § 354.499 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.499 - "Capital assets" defined.

Capital assets means assets of a long-term character which are intended to continue to be held or used such as land, buildings, machinery, furniture and other equipment.  (Added to NRS by 1965, 728; A 2001, 1797)
NV Rev Stat § 354.4995 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.4995 - "Capital projects fund" defined.

Capital projects fund means a fund created to account for resources used for the acquisition or construction of designated capital assets by a governmental unit except those financed by proprietary or trust funds.  (Added to NRS by 1983, 1636; A 1989, 402; 2001, 1798)
NV Rev Stat § 354.506 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.506 - "Contingency account" defined.

Contingency account means an account showing money that has been appropriated to provide for unforeseen expenditures or anticipated expenditures of an uncertain amount.  (Added to NRS by 1965, 727; A 1981, 1761; 2001, 1797)
NV Rev Stat § 354.510 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.510 - "Debt service fund" defined.

Debt service fund means a fund to account for the accumulation of resources for and the payment of principal or interest on any general long-term debt or medium-term obligation.  (Added to NRS by 1965, 727; A 1981, 1761; 2001, 1797)
NV Rev Stat § 354.516 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.516 - "Encumbrances" defined.

Encumbrances means commitments related to unperformed contracts for goods or services, the accounting for which is used to ensure effective budgetary control and accountability and to promote effective cash planning and control. For reporting purposes, encumbrances outstanding at a year’s end represent the estimated amount of the expenditure ultimately to result if the unperformed contracts existing at the year’s end are performed. Encumbrances outstanding at a year’s end do not constitute expenditures or liabilities.  (Added to NRS by 1965, 728; A 1981, 1761)
NV Rev Stat § 354.517 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.517 - "Enterprise fund" defined.

Enterprise fund means a fund established to account for operations:  1. Which are financed and conducted in a manner similar to the operations of private business enterprises, where the intent of the governing body is to have the expenses (including depreciation) of providing goods or services on a continuing basis to the general public, financed or recovered primarily through charges to the users; or  2. For which the governing body has decided that a periodic determination of revenues earned, expenses incurred and net income is consistent with public policy and is appropriate for capital maintenance, management control, accountability or other purposes.  (Added to NRS by 1971, 200; A 1981, 1761)
NV Rev Stat § 354.520 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.520 - "Expenditure" defined.

  1. "Expenditure" means:  (a) If the accounting records are kept on the modified accrual basis, the cost of goods delivered or services rendered, whether paid or unpaid. Expenditures are recognized in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on general long-term liabilities which should be recognized when due.  (b) If accounts are kept on the cash basis, only cash disbursements for the purposes listed in paragraph (a).  2. Encumbrances are not considered expenditures.  (Added to NRS by 1965, 728; A 1981, 1762; 2001, 1797)
NV Rev Stat § 354.523 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.523 - "Expense" defined.

Expense means any charge incurred, under the accrual basis, whether paid or unpaid, for operation, maintenance or interest or any other charge which is presumed to provide benefit in the current fiscal period.  (Added to NRS by 1981, 1756; A 2001, 1797)
NV Rev Stat § 354.5237 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.5237 - "Fiduciary fund" defined.

Fiduciary fund means a fund used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the programs of the local government.  (Added to NRS by 2001, 1793)
NV Rev Stat § 354.524 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.524 - "Final budget" defined.

Final budget means the budget which has been adopted by a local governing body or adopted by default as defined by NRS 354.470 to 354.626, inclusive, and which has been determined by the Department of Taxation to be in compliance with applicable statutes and regulations.  (Added to NRS by 1965, 728; A 1971, 1013; 1975, 1684; 2001, 1797; 2011, 1690)
NV Rev Stat § 354.526 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.526 - "Fiscal year" defined.

Fiscal year means the 12-month period beginning on the first day of July and ending on the last day of June.  (Added to NRS by 1965, 728)
NV Rev Stat § 354.529 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.529 - "Function" defined.

Function means a group of related activities aimed at accomplishing a major service or regulatory program for which a governmental unit is responsible, including, without limitation, general government, public safety, public works, health, welfare, culture and recreation, conservation of natural resources, urban redevelopment and housing, economic development and assistance, economic opportunity and activities relating to the judiciary.  (Added to NRS by 1981, 1756; A 2001, 1797)
NV Rev Stat § 354.530 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.530 - "Fund" defined.

Fund means a fiscal and accounting entity having a self-balancing set of accounts, recording cash and other financial resources together with all related liabilities and residual equities or balances, or changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with specific regulations, restrictions or limitations.  (Added to NRS by 1965, 728; A 1981, 1762)
NV Rev Stat § 354.533 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.533 - "Fund balance" defined.

Fund balance means the excess of assets over liabilities in a governmental fund.  (Added to NRS by 1981, 1757; A 2001, 1797)
NV Rev Stat § 354.534 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.534 - "General fund" defined.

General fund means the fund used to account for all financial resources except those required to be accounted for in another fund.  (Added to NRS by 1965, 728; A 1981, 1762)
NV Rev Stat § 354.535 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.535 - "General long-term debt" defined.

General long-term debt means debt which is legally payable from general revenues and is backed by the full faith and credit of a governmental unit. The term includes obligations issued by a local government pursuant to chapter 350 of NRS and other long-term liabilities, including, without limitation, accrued compensated absences and claims for workers’ compensation.  (Added to NRS by 1981, 1757; A 1995, 1818; 1999, 277; 2001, 1798, 2318; 2003, 78)
NV Rev Stat § 354.536 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.536 - "Governing body" defined.

Governing body means the board, council, commission or other body in which the general legislative and fiscal powers of the local government are vested. The term includes, without limitation, the commissioners of a regional authority formed pursuant to NRS 315.7805, if the general legislative and fiscal powers of the regional authority are vested in the commissioners.  (Added to NRS by 1965, 728; A 2017, 1961)
NV Rev Stat § 354.543 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.543 - "Internal service fund" defined.

Internal service fund means a fund used to account for the financing of goods or services furnished by a designated department or agency to governmental units within its own organization or to other departments or agencies on the basis of reimbursement for costs.  (Added to NRS by 1971, 200; A 1981, 1762)
NV Rev Stat § 354.548 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.548 - "Liabilities" defined.

Liabilities means, for the purpose of financial reporting, debts or other legal obligations arising out of transactions in the past which must be liquidated or refunded at some future date.  (Added to NRS by 1965, 729; A 1981, 1763)
NV Rev Stat § 354.550 (2021)
2021 Nevada Revised Statutes|Chapter 354 - Local Financial Administration|NRS 354.550 - "Modified accrual basis" defined.

Modified accrual basis means the basis of accounting under which expenditures other than accrued interest on general long-term debt are recorded at the time liabilities are incurred and revenues are recorded when they become measurable and available to finance expenditures of the fiscal period.  (Added to NRS by 1965, 729; A 1971, 183; 1981, 1763)