Funding & Finance
The LVCVA is funded solely by the room tax paid by visitors to our destination. We receive no revenue from any other source, including local residents. All our records and reports are open to the public and reviewable on request.
In addition to annual reporting, LVCVA issues frequent interim reporting that provides accounting and budgetary data for the year in progress.
Quarterly Economic Reports
These quarterly reports address questions and changes in economic conditions and operations since the previous filing.
Quarterly Performance Budget & Statistical Reports
These quarterly reports detail general fund operating revenue with YoY comparisons, including room tax earnings, average daily rate, occupancy rate, average rooms occupied daily.
Our annual reporting is continually recognized and awarded on an annual basis by the highest authorities in governmental standards and financial transparency.
Comprehensive Annual Financial Reports (CAFR)
For every consecutive year since 1984, the LVCVA’s CAFR has been recognized with the Government Finance Officers Association’s prestigious Certificate of Achievement recognizing conformance with the highest standards in local government financial reporting.
Popular Annual Financial Reports (PAFR)
The Popular Annual Financial Report summarizes the LVCVA's financial activities and performance results in a format specifically designed to be readily accessible and easily understandable to the general public. It is a condensed and simplified presentation that is intended to simplify, but not to replace the CAFR.
For 30 consecutive years, our annual budget has been recognized with a Distinguished Budget Presentation by the Government Finance Officers Association of the United States and Canada (GFOA)
Budgets in Brief
Our Budget in Brief summarizes the LVCVA's adopted budget for each fiscal year. It is a condensed version of the budget book in a concise format to make it easier to review. It is not intended to replace the budget book, but to provide a high-level overview
Final Budget & Schedule
View the LVCVA’s fiscal year original budget as certified by the Nevada Department of Taxation.
Annual Indebtedness, Contemplated Debt & CIP
LVCVA’s debt reporting contains information related to our overall debt management and the ability of our organization to afford and incur future general obligation debt without exceeding debt limits.
Budget Schedule Forms 31 & 32
These schedule forms outline the current year’s schedule of existing contracts with vendors and other third-party organizations.
View all our required lobbyist registration information and reports on expenditures as required by Nevada Revised Statutes (NRS).
Collective Bargaining Agreement
View our current labor contract with the Service Employees International Union (SEIU), Local 117.
Funding & Finance Awards
GFOA Achievement for Excellence in Financial Reporting
This prestigious award recognizes conformance with the highest standards for the preparation of state and local government financial reports. LVCVA has received it for 35 consecutive years.
GFOA Outstanding Achievement in Popular Annual Financial Reporting
This award recognizes PAFR’s that showcase financial transparency in report formats specifically designed to be accessible and understandable by the general public.
GFOA Distinguished Budget Presentation Award
To receive this award, a governmental entity must publish a budget document that meets program criteria as a policy document, an operations guide, a financial plan, and a communicative device. We have won this award for the past 30 consecutive years.
Policies and Other Investor Information
This document outlines our focus on conservative fiscal practices and prudent financial management, that allows LVCVA to adapt to fluctuations in economic conditions.
View our policy for investing prudently, in a manner that is legal, maintains the principal of the portfolio, meets operational and capital liquidity demands, and provides yields consistent with the risk profile of the investment portfolio.
View our investment policy agreement form required to be signed by all broker/dealers and other investment partners.
This document sets the parameters and provides guidance to decision-makers regarding purposes for which debt may be issued, types and amounts of permissible debt, methods of sale, and structural features.
View our questionnaire outlining our requirements for qualifying as an authorized broker/dealer.
View our existing municipal advisor agreement with JNA Consulting Group, LLC and Montague DeRose and Associates, LLC for advisement on municipal bonds and other municipal financial products.