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Nye County treasurer and comptroller outline audit fixes; staff say $5.78M moved to general fund as a temporary interfund loan
Summary
Treasurer and contracts/grants staff explained audit progress and grant funding: $12M awarded to Nye County with approximately $5.78M transferred to the general fund as an interfund loan to cover near-term cash needs; the board approved sending a corrective-action letter to the Nevada Department of Taxation to address audit findings.
Nye County's treasurer and comptroller used the June 18 meeting to update the board on audit and finance work and to seek formal corrective actions following the FY2023 audit.
Contracts & Grants Manager Stephanie Elliott told commissioners Nye County received $12 million in local assistance and tribal-consistency funding. Elliott said roughly $5,780,000 (described as "just shy of $5.8M") of that award was transferred to the county general fund as an interfund loan to maintain operations, payroll and contractual obligations while the county awaited other delayed state…
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