A. A budget shall be prepared by the District in accordance with the provisions of NRS Chapter 354 and shall be reviewed by the Board no later than December of each year and approved by the Board no later than April 30 of each year for the ensuing fiscal year.
B. Funding responsibility for the District shall be allocated among the District members. The amount of fees owed by each member of the District shall be calculated, determined, and approved by the Board in accordance with this section no later than April 30 of each year for the ensuing fiscal year. All fees owed by each member of the District shall be paid no later than July 1 of each year.
C. The annual fees owed by each member of the District shall be:
1. An annual base rate fee of One Hundred Thousand Dollars ($100,000); and
2. An annual per person capita fee which shall equal Five Dollars ($5.00) for each person of the member’s population based on the State Demographer’s population numbers for each year. If a town or city that is a member of the District is located within a county that is a member of the District, the population of the town or city shall not be included in the population of the county when determining the county’s annual per capita fee; and
3. An annual contingency fee which shall equal 20% of the member’s annual base rate fee and the member’s annual per person capita fee. The annual contingency fee shall only be collected in years when the unused portion of the contingency fund is less than $200,000 on December 31 immediately preceding the July 1 that the annual contingency fee is due. The District shall keep the funds collected from the annual contingency fee in the contingency fund.
D. The obligation of each member to pay the fees in this section shall be extinguished when their withdrawal or removal from the District becomes effective.
E. If the District is abolished, each member of the District at the time of abolishment will be reimbursed an equal apportionment of any remaining funds held by the District including the Contingency Fund.
(Ord. 263A, 11-28-2022)