Nye County has been removed from Fiscal Watch status by the Nevada Director of Taxation following a recommendation from the Committee on Local Government Finance.
The County has received the letter dated February 16, 2021, from Melanie Young, executive director of the Department of Taxation, stating current conditions "are not of the severity to warrant continued fiscal watch."
The CLGF recommended Nye County's release from fiscal watch during its January 28, 2021 meeting. CLGF has asked for continued "quarterly updates of fiscal reporting and ongoing training conditions and requests for that information."
The County received a Notice of Fiscal Watch in a May 1, 2019 letter. Comptroller Savannah Rucker, Treasurer John Prudhont, and then-County Commission Chair John Koenig had numerous meetings and phone calls with the Department of Taxation and CLGF to work on state concerns including training and financial reporting.
Statement from Nye County Treasurer John Prudhont:
"I appreciate the Nevada Committee on Local Government Finance's (CLGF), and Nevada Department of Taxation's recognition that the Nye County Finance Department, Treasurer Department, and Sheriff's Department have taken the steps required to meet the Nevada Revised Statutes (NRS) and Governmental Accounting Standards Board (GASB) Generally Accepted Accounting Principles (GAAP) requirements needed to remove Nye County from the CLGF Fiscal Watch List over the past two years. I was appointed in January 2019, a few days before Nye County was placed on the Fiscal Watch List, with the mandate to reorganize the Nye County Treasurer Department from a dysfunctional organization to a government entity that meets and exceeds its operational, service, and legal requirements. At that time, the monthly NRS required Treasurer Report and Bank Reconciliation had not been prepared and delivered to the Nye County Board of County Commissioners (BOCC) in over a year in violation of the statute. Demonstrating to the CLGF that our department has implemented systems and procedures that were not in place two years ago, the department meets the deadlines for delivering required reports, internal controls, and much-needed ongoing training provides a benchmark in our continued progress. I cannot express enough appreciation for Chief Deputy Treasurer Raelyn Powers' dedication and perseverance with cleaning up the Bank Reconciliation report data and reverse-engineering the process for completing this monthly NRS required report. Progress could not have been attained without the commitment and willingness to learn of my Deputy Treasurers: Corrie Ebeling, Cammie Leier, Tracy Calderon, and Samuel Alsup, Jr.
Training, in support of our succession plan, will continue, and we will be advising the CLGF, through the Nevada Department of Taxation, on a quarterly basis, to ensure that they are aware of our continued progress and monthly delivery to the Nye County Board of County Commissioners of NRS required reports. My election to the position of Nye County Treasurer in November 2020 provides me with another two year term to continue to work with our Deputy Treasurers to build on the amazing amount of success that I, and our Nye County Treasurer Department staff, have worked extremely hard to accomplish."
Statement from Comptroller Savannah Rucker
"Being removed from Fiscal Watch was due to both the Treasurer's Office and Finance Department's efforts and the Department of Taxation guidance. The Treasurer'sOffice has worked hard to improve the accuracy and timing of reporting, in addition to getting their staff fully trained and cross-trained. The Finance team has worked hard to improve our own procedures, and we have written a Comprehensive Financial Management Policy that resolves the audit findings related to Finance presented in the Fiscal Year 2019 audit. Both departments work together very well, and team members frequently collaborate to ensure the County's finances are managed properly. The removal from Fiscal Watch was a team effort!"