Section 116B.210 - Presentation and contents of interim financial statements subject to audit or reviewThe interim financial statements of an association subject to an audit or review pursuant to NRS 116B.585 must be presented using fund accounting and must include, at a minimum:
1. An operating fund which reflects the accounting transactions surrounding the daily maintenance and service operations of the association; and2. A reserve fund which reflects the accounting transactions pertaining to repair, replacement and restoration of the major components of the common elements as described in paragraph (b) of subsection 2 of NRS 116B.590.Nev. Admin. Code § 116B.210
Added to NAC by Comm'n for Common-Interest Communities & Condo. Hotels by R186-07, eff. 5-5-2011NRS 116B.580, 116B.585, 116B.805