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Public meetings / Debt Management

August 19, 2020

11 turns, 11 with a named speaker, under 1 agenda items. The words and the names are the county clerk's.

AgendaMinutes (PDF)RecordingSearch all meetings

5. Review of the Debt Management Policies and Capital Improvement Plans for

Mrs. Rivero

pointed out that NRS 350.013 required them to provide those reports to the Debt Management Commission.

Mrs. Rucker

clarified it was the debt management policy and since they did not have a policy she could not provide that. However, it was an oversight on her department that the hospital district was not provided and Mrs. Rucker would be sure to provide that information next year. Cindy Kaminski expressed her concerns with the hospital district spending the money they had without regard for the funding being replenished.

Mrs. Rucker

said at one meeting pre-COVID they talked about having a report on the status of their funding and forecasting that out over the next couple of years. When COVID hit her office was inundated and she had not been able to do that. Now that things have calmed down it was on her radar to start providing that guidance again.

Mrs. Kaminski

then expressed her concerns to Mark Owens about the School District not updating their plan in six years which she had brought up at past meetings.

Mrs. Rivero

said she did not know how far the Commission could go in pursuit of these items, but she thought there would be some recourse somewhere if what was being requested was not provided.

Mr. Owens

said he thought the School District's updated plan was reviewed and approved recently. He would follow up today and send an e-mail.

Mrs. Rivero

suggested providing that update at the next meeting. August 19, 2020 5. Review of the Debt Management Policies and Capital Improvement Plans for 2020-2021 of Nye County municipalities-Cont’d.

Mrs. Rucker

said she would follow up with the DTAX and find out what the recourse was for entities that failed to update the plan or provide the plan to the Debt Management Commission.

Mrs. Kaminski

said she noticed quite a few TBDs (to be determined) on the Town of Pahrump. She could understand that when talking about $2,000.00 or $3,000.00, but when it was millions of dollars she felt to be determined was not appropriate.

Mrs. Rivero

also felt it was open-ended and said she would prefer a description.

Mrs. Rucker

said she would update that.