The Controller is the Chief Fiscal Officer (CFO) of the state and is responsible for administering the state’s accounting system, settling all claims against the state and collecting debts owed to the state. The Controller processes and records the state’s financial transactions, conducts the final audit and ensures compliance with our constitution, federal laws and state statutes. The Controller also provides the citizens, state agencies, local governments and legislators with accurate and impartial financial information. Nevada’s State Controller protects the citizens’ money by ensuring that it is properly accounted for and spent in the most efficient and cost effective manner at all times.
The State Controller is one of the six Constitutional Officers of the State and is elected to a four year term. The authority of the Controller is set by the Nevada State Constitution Article 5, Section 19 and Nevada Revised Statute (NRS) 227.
To advance accountability, continuity and efficiency in the state’s financial operations.
- The State of Nevada Comprehensive Annual Financial Report (CAFR)
- The Citizen Centric Annual Financial Report (CCR)
- The Quarterly Financial Statements of the Permanent School Fund
- The Single Audit Report
- The Quarterly ARRA Report to our Citizens
- The Annual Intergovernmental Financial Dependency Report
All of these reports are available through this website.
Our state had been vulnerable to the loss of our financial data and ability to function if a disaster struck our State Capitol. The Controller’s Office has established a fully operational disaster recovery site in Las Vegas for our statewide accounting system. This protects the state’s financial records and allows us to continue our financial operations in the event of a serious emergency.
Nevada historically has been losing money in the form of unpaid debts owed to the state. Currently, the office is developing a system which will automate all of our debt collection processes from producing letters to initiating garnishments and bank levies against those who owe money to the State of Nevada. We anticipate increasing collections substantially once this system comes online, anticipated for early 2016. We encourage anyone who owes money to the State to be proactive now in getting their debt settled before the system comes online, as the first round of bank levies will start about 6 weeks after the system comes online. Our goal is to process up to 1800 bank levies per month by the Summer of 2016.
Because most citizens are not accountants or financial professionals, we have developed a simple eight-page Popular Annual Financial Report (PAFR). This report is written in plain language so that all of our citizens can have a basic understanding our state’s finances. This report is also distributed as hard copies to universities, schools, libraries and senior centers. It will summarize a larger annual Controller's Report that will be available upon request in hard copy and also available for download from this website. We anticipate the first of these reports toward the end of January, 2016.
We also have begun publishing a simple two page quarterly update on federal stimulus money received through the American Recovery and Reinvestment Act (ARRA). This report shows how much money Nevada has received, where it has been spent and how much more we are eligible to receive. It also provides information about opportunities for citizens to receive ARRA grants.
Another useful report we now publish is the Annual Intergovernmental Financial Dependency Report. This report explains how all levels of government depend on each other financially and how this affects us all as individual citizens. Some of the topics in this year’s report include: the effect of the rising federal deficit, Nevada’s dependence on Federal dollars, effect of the ARRA on Nevada and how you can reduce your personal level of debt to improve your own fiscal health.