{"data":{"id":"us-nv/nrs-354.520","jurisdiction":"us-nv","citation":"NRS 354.520","heading":"“Expenditure” defined.","body":"1. “Expenditure” means:\n(a) If the accounting records are kept on the modified accrual basis, the cost of goods delivered or services rendered, whether paid or unpaid. Expenditures are recognized in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on general long-term liabilities which should be recognized when due.\n(b) If accounts are kept on the cash basis, only cash disbursements for the purposes listed in paragraph (a).\n2. Encumbrances are not considered expenditures.","path":["TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION","CHAPTER 354 - LOCAL FINANCIAL ADMINISTRATION","BUDGETS OF LOCAL GOVERNMENTS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-354.html#NRS354Sec520","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"d4178e13a451cc5c3afa2c5526dbb1f2455f59aa66cb72dd457565849127f13c","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-354.517","next":"us-nv/nrs-354.523"},"notice":"GroundRules: Original legal text. Not legal advice."}