Sun Valley General Improvement District (SVGID)
May 19, 2011
The SVGID meeting regarding the 2011/2012 budget was uneventful, the budget was adopted.
Interesting was an impromptu discussion that developed just before adjournment over the Boards pay..
The Speakers are Robert Fink, Trustee and Margaret Reinhardt, Chair.
Clock Tower Update -- 4 min |
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NRS 318.085 Organization of board of trustees; election of officers; records; bonds; compensation. Except as otherwise provided in NRS 318.0953 and 318.09533:
5. Except as otherwise provided in this subsection, each member of a board of trustees of a district organized or reorganized pursuant to this chapter may receive as compensation for his or her service not more than $6,000 per year. Each member of a board of trustees of a district that is organized or reorganized pursuant to this chapter and which is granted the powers set forth in NRS 318.140, 318.142 and 318.144 may receive as compensation for his or her service not more than $9,000 per year. The compensation of the members of a board is payable monthly, if the budget is adequate and a majority of the members of the board vote in favor of such compensation, but no member of the board may receive any other compensation for his or her service to the district as an employee or otherwise. Each member of the board must receive the same amount of compensation. If a majority of the members of the board vote in favor of an increase in the compensation of the trustees, the increase may not become effective until January 1 of the calendar year immediately following the next biennial election of the district as set forth in NRS 318.095.
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