weather icon Mostly Cloudy

Council safeguards city’s finances

Boulder City has a few more layers of financial protection and transparency as City Council unanimously approved adding four new financial funds.

At its meeting Tuesday, Sept. 24, Finance Director Diane Pelletier presented the proposed special revenue funds to council members. They are for compensated absences, extraordinary maintenance repair or improvement of capital assets, vehicle/equipment replacement, and revenue stabilization and natural disaster mitigation.

They would all be a part of the city’s general fund and money for them would be allocated annually from 1% of the general fund’s portion of the city’s solar lease revenue. Additionally, if the city has any excess revenue, a portion of it will go to the new funds.

Councilwoman Claudia Bridges thanked Pelletier for her clear description of the request and said she thought it was a good idea because it protects the money as well as divvies it up.

“It’s not just a way to divide it up,” she said. “There are also economic benefits for … putting that money into those funds in terms of what it looks like the city has available.”

“I think one of the benefits for me … is we are identifying where that money is coming from,” said Councilman James Howard Adams.

Adams said he thought creating these funds is a “smart step” for the city as it provides more transparency about where the money was going.

Councilwoman Tracy Folda asked if there was an excess in revenue would it be added during the regular budget timeline and process.

Pelletier said that it would be added with the other budget amendments after the fiscal year is closed. Those amendments would also go to council for approval.

The compensated absence fund will only be used for contractual payouts of accumulated leave balances when people leave the city’s employment.

The extraordinary maintenance, repair or improvement of a capital asset fund is authorized under Nevada Revise Statute 354.6105 and will be used for unforeseen repairs to facilities and maintenance of city property that happens not more than once every five years.

The vehicle/equipment replacement fund will be used to purchase new or replacement vehicles and large equipment.

The revenue stabilization and natural disaster mitigation fund is authorized under NRS 354.6115 and will be used to cover operations in the event of an economic downturn, such as a recession or event like 9/11, or natural disaster that interrupt the projected revenue.

For 2019-2020, $120,000 would be put into the extraordinary maintenance and the revenue stabilization funds. The vehicle replacement fund would receive $545,000, and the compensated absence fund would receive $150,000.

The financial department is also removing the yearly automatic transfer from the city’s redevelopment agency fund to a special capital reserve fund. The money will still be available for RDA grants.

Also at Tuesday’s meeting, council introduced a bill to amend the lease agreement with R/C Quarter-Scale Association of America to allow it be subleased and for human-driven cars be raced at the facility on Quail Drive.

Councilman Warren Harhay said he had no problem with the track being used for radio-controlled cars, which is what the original lease allowed. He said allowing more uses could “open a new can of worms for a lot of things.”

Adams said he was not opposed to having human-driven vehicles at the racetrack, but he was concerned about it being used for commercial events and that a precedent that could be set.

Mayor Kiernan McManus said he was concerned about different groups using it and taking “ownership” of the property. But since it is on city-owned land, residents would be “on the hook” for something they may not use.

The bill will be considered at the Oct. 8 council meeting.

Contact reporter Celia Shortt Goodyear at cgoodyear@bouldercityreview.com or at 702-586-9401. Follow her on Twitter @csgoodyear.

Don't miss the big stories. Like us on Facebook.
Schools report smooth return

Parents can finally exhale after a long summer of kids in the house as school is back in session in Boulder City. On Monday, Aug. 8, all four schools in town welcomed back students for the 2022-23 school year in an orderly fashion without any mishaps.

Council OKs plan to remove turf

Water was once again the main focus for City Council. At its meeting Tuesday, Aug. 9, an agreement with the Southern Nevada Water Association that will remove turf in Boulder City to save on water was approved 4-0 by the council.

Council gets first look at Nevada Way remodel

The Boulder City Council was introduced to a project that will remodel and rehabilitate the stretch of Nevada Way from Wyoming to Park streets during its meeting Tuesday, Aug. 9.

More human remains found at Lake Mead

More human remains have been found at Lake Mead, according to officials at the national recreation area.

Fire department targets sites to improve response times

Two locations are being targeted for a new Boulder City Fire substation that the City Council approved last month to help the department improve response time to emergencies. The proposed new fire station, labeled Station 122, is looking at sites at Quartzite Road and Nevada Way as well as near the library at 701 Adams Boulevard. The city owns land in both locations.

Ex-manager sues city; claims retaliation

Former City Manager Al Noyola filed a lawsuit against the city Friday, July 29, alleging that his civil rights were violated when he was fired Oct. 13, 2020.

School begins Monday

School is almost back in session for the quartet of schools in Boulder City.

Storms cause minor damage

Monsoon season brought damage to Boulder City as the town was hit with a collection of storms last week. Luckily, the city was able to handle the storms in an efficient manner, according to officials, who dealt with the typical gravel and rock erosion, power outages and roof leaks.

Lend A Hand awarded $101K from state

In the wake of the COVID-19 pandemic, the state of Nevada has awarded $30 million in Community Recovery Grants to nonprofit organizations including Lend A Hand of Boulder City. The local organization was one of the 30-plus applicants that received money funded by American Rescue Act Plan dollars.

Drought drives tough talks to cut water use

Nevada and two of its neighboring Southwestern states are still working on ways to drastically cut water use from the Colorado River as a deadline set by the federal government to address the worsening conditions along the river quickly approaches.