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Reno‑Sparks convention authority seeks audit extension after OPEB actuarial delay
Summary
Reno‑Sparks Convention & Visitors Authority asked the committee for an extension after an employee’s misconduct and resignation delayed an OPEB actuarial valuation; committee members expressed concern about repeated late extensions but did not move to deny the request.
Courtney Jaeger, vice president of finance for the Reno‑Sparks Convention & Visitors Authority, asked the Committee on Local Government Finance to approve an extension for the authority’s late FY24 audit after an employee who handled the OPEB actuarial census was suspended and resigned, leaving required actuarial work incomplete.
Jaeger told the committee the authority submitted required extension letters and attempted multiple contacts with department staff; the missed actuarial window delayed both the actuarial firm’s timetable and the external auditor’s ability to complete remaining procedures. She said the authority has since received a draft of the actuarial evaluation, is coordinating with its external auditor and submitted its tentative FY26 budget on time.
Committee reaction: Members acknowledged sympathy for personnel issues but raised concerns about repeated late audit extensions and communication lapses. Some members said they were not inclined to grant further leniency, while others urged the authority to ensure board‑level leadership appear before the committee for important deadlines.
Operational impact: Jaeger and the authority said the actuarial delay affects government‑wide financial statements but not fund‑level statements and will not affect debt disclosure requirements. The committee did not make a motion; members said they expected improved communication and timely completion of the audit.
