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Newspaper Archive of
Pahrump Mirror
Pahrump, Nevada
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January 2, 1997     Pahrump Mirror
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January 2, 1997
 

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Is Nye administration kiting County funds? The fifth definition in Webster's of the word "Kite" is as follows: 5. In business, value, floated for the purpose of raising money or sustaining credit temporarily. Back in November of 1996 when the Nye County Commission took the unprecedented action of borrowing PETT funds to prop up the County budget it was explained that 1 1/2 million dollars of the loans in question would be used to cure an overdraft in the county general fund account that exceeded one million dollars plus fill the holes in various other fund accounts that were also carrying deficit fund balances. If the promised action had actually taken place all county funds could have been brought into the black with a thin margin of $70,000 left over from the borrowed PETr money. I This Man's Opinion by Brent Mathewson t Ill -i. It didn't happen that way. An examination of county records describing interfund activity - transfers of money from one fund to another- that took place in November shows that in addition to the 3 1/4 million dollars that was transferred as a result of the"PETr fund borrowing," $921,172.38 was transferred out of 13 additional county fund accounts and when the smoke cleared it left 8 funds with a total negative fund balance of minus $851,082.80. In one of the more frantic moves that took place, the "capital projects" fund - that had only $1,010.62 in it to spend - had $56,261.04 in checks written against the account and $337,739 transferred "out" of it and "into" the general fund leaving the "capital projects" fund with a negative balance of minus $392,989.42. It was explained, allegedly by the county employee that directed the transfer to be made, that the $337,739 transfer was a budgeted item expense and that he had been instructed to beef up the county general fund account. This is true as far as it goes. In the original 96-97 county budget there was that amount of money allocated from "capital projects" and to be moved to the county general fund. The money was budgeted to be spent on "public broadcasting." Apparently to hype Nye County in the media. Several problems arise concerning this matter. First of all it is acknowledged by just about everyone in County government that there is a shortfall in projected revenue for FY 96-97 of a couple of million dollars or so. The chances of $337,739 ever being put into the capital projects account so that it can be legitimately spent in this fiscal year are remote at best and probably nit:. I guess they could take it from another fund that doesn't have any money in it and stick it in the capital projects account. By now the reader is probably asking, are these things legal? Isn't this like creating money out of thin air? The answer is no and yes. No it's not legal. This activity is in violation of Nevada's local P Pahrump Valley Gazette, Thursday, January 2, 1997 17 Government Budget Act. NRS 354.470 to 354.626 and in particular it is in violation of NRS 354.606 which requires the people in charge of spending the money (the Nye County manage- ment and staff) to go to the governing body and seek approval before transferring funds from one account to another and explain the reasoning behind the request. Its called accountability. Is this activity like creating money out of thin air? Yes. Its called kiting. That is this man's opinion. DOE COMMUNITY ADVISORY B()ARD MEETING The Community Advisory Board for Nevada Test Site Programs will meet Wednesday, January 8, 1997. Agenda items are: IV/ Comprehensive Land Use Planning and Resource Management Plan for the Nevada Test Site (NTS) v' Open discussion on future land use activities and implications to the Environmental Management Program Time: Place: 5:30 to 9 p.m. Community College of Southern Nevada Cheyenne Avenue Campus High Desert Conference and Training Center, Room 1422 If you are unable to attend, have comments or questions, please contact: 1 1 51 S H i g h w a y 160 P a h T I m Primary care, laboratory and radiology services Affiliated visiting medical specialists Special series of educational lectures for seniors. Most major insurances accepted Office Hours: M-F, 8 am to 12 pm and 1 to 5 pm Have questions? We will be happy to assist you. r u m p , 00Summit amily Healthcare A Division of Desert Springs Hospital 727-5509 Nevada 89048 .... I ............ U.S. Department of Energy Office of Environmental Management P.O. Box 98518 Las Vegas, Nevada 89193-8518 ,, _...__  (702)295-0197 . ___..-"w m l U.S. Depament of Energy I Nevada Operations Office